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Joined 7 months ago
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Cake day: December 16th, 2023

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  • Oh, if you’re trying to prevent usury, it would be far simpler to either cap interest rates or ban compound interest in favor of simple interest.

    Rate caps are the simplest solution least likely to backfire, but unfortunately they tend to push people away from legitimate sources of lending, so you do have to be careful that they aren’t too low.

    Like I said, forming a corporation isn’t a simple thing, doing it to organize a personal loan would take up an enormous amount of time and money, and result in substantially fewer consumer protections.



  • I work in real estate, but I don’t hate landlords or rent. I hate the idea that landlording is a job somehow.

    Broadly speaking, there are two kinds of landlords.

    My landlord is an old lady who owns a series of apartment complexes. I assume she is quite wealthy, but the reason I don’t take issue with the situation is because she keeps up the property instead of paying a property management firm to do it. She also isn’t hoarding complexes or single family homes, she owns a couple, and managing a couple of complexes with a few people under you is a full time job.

    The other kind is the people I work with. Fuck them. The property owners we work with are billionaires. They own hundreds or thousands of complexes and god knows how many single family homes. They also don’t do anything. They buy a complex from a builder, then they pay a property management firm to run it. All they’re doing is skimming excess rent in exchange for assuming the liability of owning the complex. Except they’re not even doing that, because everything is insured.

    The first kind of people are wealthy, yes, but they work for a living. The second kind do not actually do anything. If we killed them all tomorrow and gave the complexes they own to property management firms or individual managers, nothing would change.




  • City.

    Fewer bigots, fewer people in your business, there’s community spaces other than the church, the food is better, and most of all, there’s work to be had.

    It is a matter of personal preference, but there is a reason most people are migrating into cities right now.

    Edit: I was wrong. While most people were migrating to cities for work, that isn’t necessarily true anymore nationwide. In my state, it is still happening, but we have a large influx of people from other states.