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Joined 1 year ago
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Cake day: June 11th, 2023

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  • Redscare867@lemmy.mltoMemes@lemmy.ml*Permanently Deleted*
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    1 year ago

    Even if it’s not, houses appreciate 5% a year on average. Assuming average appreciation over 10 years that house is now worth ~163% of its original value. That means that the mortgage was taken out for ~61% of what a comparable house would go for today which assuming the same interest rate would be a fairly significant reduction in the monthly payment. You also have the potential to refinance to further reduce that monthly payment.

    Or you could sell it and get that 10 years of equity + appreciation out in cash and that might be enough for a sizable down payment elsewhere.

    TL;DR unless your parent’s place is a dump in a low demand area it’s an asset even if it isn’t paid off.





  • Redscare867@lemmy.mltoMemes@lemmy.mlHow i feel on Lemmy
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    1 year ago

    This is generally the thought process that Marxists have. The USSR definitely wasn’t perfect, but it is the first real example that the proletariat was capable of uniting and other throwing the capitalist system. The USSR is fantastic to study to try and determine why it failed. Similarly China is a great resource to study to understand how capitalism can be re-established from within the party.

    Most modern communist groups actively engaging in an attempt at revolution were inspired by the Chinese revolution and the cultural revolution that came after it, but none of them are trying to recreate the USSR or China because as we can clearly see those states failed to maintain a socialist character.


  • Also, for those of us who live in cities and have street parking only, not having a reliable place to charge is kind of a deal breaker. I’d love a cheap reliable EV. I think it’s an absolute shame, and a missed opportunity that the new Prius wasn’t an EV, but even if it were I don’t think I could buy one without having somewhere to charge it.


  • Also, for those of us who live in cities and have street parking only, not having a reliable place to charge is kind of a deal breaker. I’d love a cheap reliable EV. I think it’s an absolute shame, and a missed opportunity that the new Prius wasn’t an EV, but even if it were I don’t think I could buy one without having somewhere to charge it.