I notice that learning to cook is never an option
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I'm so happy to have grown up in a country where not learning to cook isn't an option.
My niece was highly Uber eats dependent. Got her an air fryer for Christmas and it literally changed her life. Sometimes people want better but don't know how to get there
We carry access to all the knowledge of the world in our pocket.
Abundance of unstructured and chaotic knowledge that is blended with misinformation, ads, memes and attention grabbing 5 second videos tends to overwhelm most people.
Op buys avocado toast
Millennial upvote farmer
Avocado Toast Procurement Specialist and Millennial Upvote Farmer couple.
House Shopping Budget: 1.3Million.
In high interest loans
Burritos should ride on the bus.
New startup: BusGrub.
You put in an order for what you want and pick a timeslot a few hours in the future. E.g. for dinner, you put your order in at like at like noon and pick a 5-7pm window. Then, approaching your scheduled slot, a bus goes all around the area, picking up every order for that slot in the area, then swings around to each drop-off over the course of like two hours.
Result: Everyone enjoys cheaper, but gross soggy food.
Please give me $20 mil starting capital, thanks.
Funny meme but also inflation is bad
Not necessarily, if you own a home AND your pay slowly goes up to compensate (both of these unfortunately aren't happening for a lot of people), relative to your income your mortgage goes down.
Or in more generic terms, inflation is good if you borrow money.
inflation is good if you borrow money
at below the rate of inflation
Inflation going to 2% to 6% when you've got a credit card with a 30% APY is of very marginal benefit.
I mean it more like if you would have borred 100K for a house in the 70s that was a lot of money, if you still live in that house you probably paid it back, but even if you didn't 100K today isn't that much money anymore
That's a historically unusual artifact of the financialized housing market in a country where the population outpaces new available housing units while the economy continues to grow.
Go to Italy or - God forbid - Iraq or Ukraine or Myanmar, and you'll find record inflation combined with falling real estate values. Buying a home in Lebanon or El Salvador or Bulgaria in 1975 wasn't a good move. You had to be a certain proximity near the US/EU money printing machines and a distance from the US/Russia bomb dropping machines to get that arbitrage to work.
Or in more generic terms, inflation is good if you borrow money.
If your interest is less than inflation.
Like my colleague who bought a house for about 1.5% before inflation nearly went to 10. Man.
You are better off regardless of how much your interest rate is, as long as it is fixed. If your mortgage payments are fixed, but your pay increases with inflation, your real monthly mortgage payment goes down over time.
Eg, if your mortgage is $1000/mo, but at the end of this year a cheeseburger costs $1000, then your mortgage payment is the same cost as a cheeseburger. Doesn't matter if the interest rate you got originally was 1% or 99%.
What does that mean? Where I live you borrow a certain amount of money and you pay it back plus interest (in my case 3.5%), and that percentage is fixed for 20 years. In 20 years I expect to have paid most of that entire amount back and my house should be mortgage free
Biggest reason why I started paying an extra 1k for housing per month... In 5 years, my crappy "luxury" apartment will cost more per month than my house. In 10 years, people will think it's insane how cheap my house is per month.
Or the country could collapse and my property will be worthless, but at that point I got bigger problems.
Inflation was added to your mortgage rate. And now that everyone saves with real estate instead of saving money, the cost of real estate is very high.
So while your payments do go down over time, your hours worked to either rent or own have gone up.
What do you mean with "inflation was added to your mortgage rate"? The prices of houses do go up but this is mostly a problem for first time buyers, after that your current house has gone up in price too, so that helps with the next house. But if you buy a house and don't move your mortgage is fixed for 20 or 30 years (unless you go without a fixed rate). So your monthly payment will stay the same, while hopefully your salary goes up.
No inflation would mean that we would have no interest on our bank accounts, no wage increases, no profit increases etc. It is part of the circular economy, and it can work according to that theory, but we all together need to reform starting with the massive companies.
This is true
Deflation is worse.
Prove it.
For the longest time on 4chan’s literature board (which was a pretty useful and interesting place overall), there was a guy who would spam pictures and fan fiction of the girl from Willy Wonka getting turned into a blueberry.
I have weird fetishes, so I don’t judge too much, but wtf.
you don't see very clear QEDs on the internet very often but it's always nice to see the reliance on data
I think you are required to make deflation porn a thing now. It's like a rule.
I'm imagining some dude getting sucked off so hard he turns into dust or a raisin.
Okay, done and concluded. Thank you.
Well inflation IS bad, and at least here is outstripping pay increases for most people.
But those burrito private taxis are probably one of the few things going up in price more slowly than, you know things you actually need.
I haven't gotten a raise in almost 10 years.
Different companies.
Moved to a different state.
Now I just can't find work period.
Inflation isn't the only problem.
I am really sorry. I know how shit it feels being out of work. If you want to vent I'm here.
I mean, both. Frivolous personal spending is bad. Inflation is bad. These two things are both bad, but not in scale. It's possible to say "Uber Eats is a waste of money", "Uber is a greedy corporation extracting money without value", "Corporate taxation has affected prices in a way that's negative to the consumer", and "Inflation and trade instability have made it harder to have the lifestyle we expect".
None of those are contradictory. Some can be changed on a personal level. Some need greater influence involved.