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  • 12 Comments
Joined 1 year ago
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Cake day: August 14th, 2023

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  • Why would someone buy a house so someone else could slowly buy it from them? They would essentially be acting like a bank.

    Who keeps up with the house maintenance?

    Landlords are unneeded middlemen. A good system doesn’t use them.

    Your idea is “rent to own”.

    You can rent to own a Playstation that’s 300 dollars for a small monthly price but at the end of the loan you’re going to pay 600 dollars total for the Playstation.

    Why am I going to go to Best Buy, buy a Playstation for 300, then let Jimmy down the street play with it while he slowly pays me back my 300?

    Why am going to buy a house for 100,000 and let Jimmy rent to own it?

    600 a month for 15 years. He’d pay for it.

    If I put 100k in the S&P500 for 15 years, I’d have 415k.

    Would I rather:

    A. Help Jimmy get a house

    B. Make ~300k for just sitting






  • “Can you pass me the bag of plastic blocks?”

    Not

    “Can you pass me the bag of Legos”

    If you wanted a box of adhesive bandages. You’d say “Can you pass me the box of band-aids?” or a tissue, “Can you pass me a kleenex?”

    Companies do not want their brand to become generic trademarks.

    It’s not because Lego is already pural

    “I have many Lego blocks”

    Not

    “I have many Lego”



  • Let’s say an 18 year old moves out and starts renting

    The average rent in US is 1.5k

    30 years of payment is 540k

    When that person is 48, they would have paid 540k in rent expenses

    This is assuming that rent doesn’t increase

    Throwing 600k out the window before you’re even 50 is not a recipe for success

    76 is US average life expectancy. That’s ~25 more years of rent.

    If they retire at 63. 13 years of 1.5k a month rent is 234k. They need a quarter million in retirement funds just for rent to live up until 76.

    45 years of working for that 18 year old would need to make ~750k.

    That’s 16.5k a year just to pay for rent

    Again this is assuming rent never goes up.

    That’s 8 dollars an hour 40 hours a week every week.

    10% more than minimum wage, just for rent.

    It’s crazy

    And this assumes you die and don’t have to rent after the age of 76


  • No one understands what a bidet really is.

    In the old days, they were a separate free-standing device. Not a lot of people have space or money to add one of these types of bidets to their bathrooms

    Now they make them as toilet seat attachments that don’t require extra space and really aren’t that expensive.

    But people don’t know. Older people will be like, “Oh a bidet? No I don’t want another toilet like device in my bathroom”

    So that gets rid of all those people.

    Next you have the people that know about the new style bidets that’s just a fancy toilet seat.

    Their biggest deterrent is probably cold water. Spraying cold water on their butt doesn’t appeal to most people.

    You can get bidets that heat the water, but you have to have power behind your toilet, which not everyone has.

    Then you have older people that just can’t work them or don’t feel like they can. Like my grandfather, I installed one with all the bells and whistles for him. Yet hitting a button and doing all that was too complicated. He was 90+ and could barely use a cell phone for basic functions. But he’d rather wipe his butt like he knew than mess with the “complicated” bidet.

    Eventually everyone is going to own a bidet, it really is the way to go.

    We just aren’t there yet.