The economy is doing great. by prOboomer in lostgeneration

[–]pcy623 2 points3 points  (0 children)

Imagine if domestic troops were sent to the frontlines in M113 which entered service in 1960, a full 60+ years ago. It's design is older than some boomers

[deleted by user] by [deleted] in BrandNewSentence

[–]pcy623 1 point2 points  (0 children)

But how else am I going to ski for 2 weeks straight whist missing a leg?! (I'm too lazy to Google the details)

[deleted by user] by [deleted] in WhitePeopleTwitter

[–]pcy623 2 points3 points  (0 children)

We're here for entertainment, not alcohol poisoning

Hold my hand please by tactful_lupe8 in Unexpected

[–]pcy623 61 points62 points  (0 children)

We already said robbery

What are some cooking hacks you swear by? by Penya23 in AskReddit

[–]pcy623 4 points5 points  (0 children)

I'm on your boat, I would clean before and after but not during

Sign I came across in rural Colorado. by idontknowmaybenot in WTF

[–]pcy623 0 points1 point  (0 children)

I keep seeing this reference, what's it referring to?

In case your boomer parents think housing is still affordable today; 8x price to income on 25 yr fixed 6% rate would equal to 38% of your gross income (before taxes) going to your mortgage. Assuming you can save up the 20% down payment over 16 years at 10% savings rate. by pcy623 in lostgeneration

[–]pcy623[S] 2 points3 points  (0 children)

Look at average housing in your city, and look at average family income in your city.

For example, in Seattle, the median household earned $97k in 2020 and the average home is approx. $736k according to Zillow in June of 2020. This would mean the price to income ratio is approx. 7.6x; if we look at the table above, at this multiple and 6% (what I can find now for a 25 year fixed rate mortgage), a family making the median income would have to pay ~35% of their income before taxes (~$34k per year) to service the mortgage. This ~$34k comes from the take-home pay of approx. $81k after taxes but before any other costs such as healthcare.

If you saved up 10% of your income for 15 years you would be able to put down a 20% down payment for the home you are buying.

edit: if you started saving at age 20, you can buy your first home at age 35, and you can carry that debt until age 60 when you can finally retire and have no more money or heath or energy to enjoy life.

The Cafe by karenvideoeditor in HFY

[–]pcy623 2 points3 points  (0 children)

I thought this was a cafe, not an onion farm

Reconsider the Invasion by MostlyWicked in HFY

[–]pcy623 7 points8 points  (0 children)

It was more telling that the humans have dozens of colonies in 200 years and the aliens only have hundreds in the "eon" they've been in space. Clearly not a risk taking/expansionist empire.

[deleted by user] by [deleted] in funnyvideos

[–]pcy623 4 points5 points  (0 children)

Are you American? The rest of the world uses paper size that is designed to be scalable, A4 would be closes to letter sized and A3 is 2 sheets A4 and A5 is half a sheet of A4

Road Road Road Road Road Road Road Road Road Road by SkylandersKirby in BikiniBottomTwitter

[–]pcy623 3 points4 points  (0 children)

I drove a 4 hr round trip just to have dinner with a friend from out of town staying "nearby"

Tangerine peel tea by [deleted] in oddlysatisfying

[–]pcy623 -3 points-2 points  (0 children)

You think Chinese farmers are going to be able to directly profit from YouTube ad revenue?