35 karma · joined June 24, 2016
"When Sensory Publishing gained the rights, they changed the name and they printed another run of a thousand to keep it available in print. They are down to 200 copies or so and no longer sell it. The book is now in the public domain and any books will be kept for the Great Alexandria Library."
The most important concept introduced in this article is that a JWT is not a simple system. The author then describes his own research which concludes that starting with a JWT will not result in a complex system that works.
Q.E.D. I enjoyed reading this.
I figure a conservative estimate of housing over time is to match the fed target for inflation.
Your initial statement leverages a $50k down payment to make a $500k investment. Stocks can't reasonably do that: a $50k investment is all you have. However, at some point the higher rate of return from stocks will eclipse the value of the house, which was my initial assumption. How long that takes depends on so many unpredictable factors. A 10-year or 50-year mortgage greatly affects the math.
It would be interesting to analyze the data and calculate a rent/buy/invest chart for different geographical areas and various types of investments.
I agree. This is an important clarification not usually considered when making a comparison.
> In the stock market, I would now own stocks worth $60,000.
I assume you implied buying on margin since 2 x $50,000 x 0.10 = $10,000, but since stocks historically outpace inflation I'd expect a higher real return.
A $50,000 investment growing at 7% annually would be worth approximately $200k after 20 years. In comparison, a $500k house would be worth about $750k with a balance of $240k remaining, assuming 2% inflation and a 7% interest rate on a 30-year note.
It might be interesting for someone to create a calculator to crunch the numbers and include details such as how much rent would rise over 20 years, the cost of selling a home (about 8%), home maintenance (about 1% annually), etc.
The highest successful altitude achieved to date is 9.1km. According to Wikipedia, it needs to achieve 60km to launch a payload into low earth orbit. In May 2024, they replaced their CEO. "As of August 2024, no further test flights or other technological accomplishments have been reported by SpinLaunch since its 2022 test flight."
Why not both? Perhaps if he had accepted a job offer from an employer with educational benefits he could have put himself in a favorable position for later life challenges.
At any rate, this story is a single data point and can't be extrapolated.
Yes we are. Remote work is not "alone." Working in the office is alone: https://www.cnn.com/2024/08/31/us/wells-fargo-employee-desk-...