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Joined 1 year ago
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Cake day: November 25th, 2023

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  • But it only moves the problem.

    Yes, it moves the problem until after you’re dead, and it moves the problem into the future when the value of your securities will have substantially grown, thereby reducing the real cost of your house. Both of those things are good!

    If I borrow against the securities, I get cash. I use that cash. I now have zero cash (again).

    You have zero cash plus a property asset. The value of that asset will grow as well. Both the asset and your securities are, in fact, growing in value at an interest rate that’s greater than the interest you’re paying on the loan.

    So you’re getting free money. It doesn’t come from nowhere, of course; it comes from the future people who buy your securities. They essentially paid you in the past to buy a house, and they’ll be paid to have done so by people who need to enter the securities market later on (by buying securities.)





  • I think if you want to understand racism, you can’t understand it as the failure to have certain pieces of knowledge. Racists generally aren’t unaware that people experience suffering when they’re held down or held back from their appropriate station in life.

    What racists generally believe, if you’re trying to be maximally charitable to the views of racists (ugh), is that human suffering also comes from pushing people into societal roles that are above their station. The individual so pushed suffers, and society suffers for having “the wrong people” in important roles. For instance, that’s the view that held that slavery for Black Americans was good for them.

    I think a racist in that strain would play the Detroit game and not be convinced, since the game likely doesn’t address that position at all.