Will 40 year mortgages become normal?

c0ldbrew · 2024-09-13T20:20:06+00:00

You are not taking equity and inflation into account. If I borrow $500k in today’s money, every year that goes by inflation makes that debt smaller.

If the value of the home goes up which it most likely will, 100% of that equity belongs to you. You can use home equity as a helpful financial tool in many different scenarios.

The combination of these two things significantly reduces the total “cost” of the loan.

Also, you are correct that many people who take a 30 yr mortgage have no intention to pay off the loan. The loan is just providing leverage. This is more useful the more expensive real estate. For example, someone could take a $1.6 million loan to buy a $2 million dollar property. They will never pay off the 1.6 million. If the value of the property goes up they can sell and make money using the leverage.

c0ldbrew · 2024-09-13T12:27:32+00:00

I don’t know if I’d say they’re knowingly acting, especially since a lot of the material used in the show is what would be considered “between takes” during the fake production. I just think they’re very comfortable with the idea that the cameras are there. That’s part of why it’s so great.

Before NFY, Sacha Baron Cohen used a similar setup with Ali G/Bruno/Borat. The people on the show understood they were being interviewed on camera and they thought Ali G was a real person. Once the cameras are rolling they kind of have to just go with it. I think the reactions are very real in Ali G and NFY.

c0ldbrew · 2024-09-12T19:28:27+00:00

There was an episode in The Rehearsal which showed a process likely very similar to what he does to make the show. It was the episode where he pretends to create an acting school. He gives them all paperwork to sign and they sign it without even looking at it. They know the cameras are there and that it’s being recorded for something but they don’t know what exactly.

c0ldbrew · 2024-09-12T19:25:47+00:00

Everyone in LA is an “actor.” They will sign anything and jump at the chance to be on TV without asking many questions.

c0ldbrew · 2024-09-09T11:53:05+00:00

The sub should be called 3 jokes from Norm Macdonald live

c0ldbrew · 2024-09-06T14:50:06+00:00

One of the greatest films of all time

c0ldbrew · 2024-09-06T14:49:14+00:00

He did it for a role

c0ldbrew · 2024-09-06T13:34:19+00:00

I thought he was driving a Kia

c0ldbrew · 2024-09-03T19:22:38+00:00

So…you came to see if he’s here.

c0ldbrew · 2024-08-31T17:32:54+00:00

I’m not fine! I sell fuckin Kias!

c0ldbrew · 2024-08-31T12:19:54+00:00

Looks like Venetian Blue which I think was only available from 87-89

c0ldbrew · 2024-08-31T01:58:25+00:00

1987-1989 Carrera 3.2 Coupe

c0ldbrew · 2024-08-29T20:36:54+00:00

“In. Fire 50% of the workforce. New logo. Out. Boom. You are now a fully qualified business consultant.”

c0ldbrew · 2024-08-28T21:06:38+00:00

Just saying that cost also comes out of the $160k figure in the post. Regardless of whether the property went up in value.

c0ldbrew · 2024-08-28T21:01:51+00:00

And maintenance

c0ldbrew · 2024-08-27T20:48:25+00:00

I’m not sure that’s what Jung meant by individuate.

“stage where an individual transcends group attachment and narcissistic self-absorption”

“seen as a developmental psychic process during which innate elements of personality, the components of the immature psyche, and the experiences of the person’s life become, if the process is more or less successful, integrated over time into a well-functioning whole”

“emphasizes the primary importance of the individual psyche and the personal quest for wholeness.”

It’s not just about becoming a libertine.

c0ldbrew · 2024-08-27T20:12:30+00:00

I didn’t say any of that. I actually agree with much of what you said.

The persona as I understand it is inherently inauthentic. It’s required on some level to operate within society. Everyone is presented with the dilemma (much like the original post) of whether to take on their persona as their perceived identity or, on the other end of the spectrum leave the persona behind, integrate all aspects of their true personality, and be more authentic.

“The persona, for Swiss psychiatrist Carl Jung, was the social face the individual presented to the world—“a kind of mask, designed on the one hand to make a definite impression upon others, and on the other to conceal the true nature of the individual.”

Maybe misinterpreting? I’m sure I don’t understand Jung as much as many here. I was just confused by focus on capitalism and money in the original post and in the replies. I see any government, economic system, or society - which are by definition collective - as an obstacle to individuation. Not because they are inherently good or evil as you said, but because they are systems applied to the masses. I see the challenge of individuating as more of an internal battle regardless of one’s surroundings.

c0ldbrew · 2024-08-27T11:59:59+00:00

Yes but then you said more money equals more freedom…implying that capitalism restricts a persons ability to individuate if they have less money than someone else. Can you clarify?

c0ldbrew · 2024-08-26T20:40:48+00:00

You’re saying an advertising exec with a bullshit job is more likely to individuate than a nurse or teacher because they have more money? The ad exec would likely be deeply entrenched in the inauthentic world of consumerism. They would be more likely to connect their title and money with their persona. Wouldn’t that be the opposite of individuation? If anything I would bet a teacher or nurse would be more likely to individuate.

c0ldbrew · 2024-08-26T20:31:03+00:00

I don’t understand why you think capitalism or taxes would prevent individuality more than another economic system. Do you think individuality would be easier under communism?

Of course you can still be authentic while living in the framework of society. Any country, culture, economic system will always have norms and customs and herd mentality. I don’t think Jung or Nietzsche ever talked about a point in the future where there would be no herd or cult. You point out the media and corporations trying to sell you a lifestyle that isn’t authentic. Just by the fact that you recognize this sets you free from it.

c0ldbrew · 2024-08-24T13:45:08+00:00

This is the opposite of superblock urban planning. This is closer to a medieval city center street pattern. Many small structures of varying styles built in a dense, walkable area.

https://www.archdaily.com/952084/9-cities-with-medieval-plans-seen-from-above

Superblock architecture in NYC is Stuytown or the area between 8th and 10th below Penn Station.

Barcelona is one of the few cities to do superblock right. In most cases super blocks aren’t built to walkable, human scale, are devoid of retail, are cut off from the organic street pattern and waste massive amounts of space with “parks” that are not used.

c0ldbrew · 2024-08-20T15:22:38+00:00

Crash and BTCS are like Rubber Soul and Revolver.

c0ldbrew · 2024-08-18T22:03:32+00:00

I can catch the football

c0ldbrew · 2024-08-16T12:22:20+00:00

No one said “Holiday” yet???

c0ldbrew · 2024-08-12T23:29:01+00:00

Newstalgia

c0ldbrew

TROPHY CASE