partial_accumen

Just because its not sent in doesn’t mean it was forgotten.

It’s not common for people to itemize any longer after Trump’s tax updates a few years ago

The Tax Cuts and Jobs Act (TCJA) of 2017 Trump passed put in place permanent tax cuts for corporations and temporary tax cuts for individuals. The individuals tax cuts expire next year in 2025 so in 2026 the current standard deduction for single filers of $14,600 drops to $8,300. For joint filers is currently $29,000 and dropping to $16,600. source

Unless these tax cuts for individuals are renewed, we might see many more folks itemizing again because the standard deduction is too small again.

I had a long reply typed out exploring the various aspects and raising questions to the methodology and applicability of the advice in the article to different groups of people in different geographies and stage of life. However the tone of replies seems to just want to accept the article as is. Its a yahoo finance article, so the depth is pretty shallow and only speaks in broad generalizations. Your reply is doubling down on exactly that. There’s nothing wrong with that per se, but it looks like the there isn’t a desire in this thread to explore it any further.

So we’ll just accept the article answer which you summarize well: “generic/average month-to-month overview, home ownership is almost always more expensive.”

Conventional wisdom says keep renting folks and don’t question it.

Did you not read the comment? Property tax, insurance, and upkeep are all perpetual costs. The down-payment, closing fees, and potential mortgage insurance are the only up-front costs.

I read the comment. It doesn’t address the question. “Over what period of time?”

Are they judging on owing a house for 30 years vs renting for 30 years or are they judging owning house for 1 year vs renting for 1 year?

Once you factor in things it mentions like insurance, taxes, upkeep along with others like a down payment then it’s very easy to see where the 14% numbers comes from.

So you’re agreeing with me that they’re only comparing the first month of ownership of the house with the last month of renting? There’s no factoring in the long term rise in rents to their math?

There’s a lot of additional and hidden costs with home ownership.

There certainly are, but its very situational. A 100 year old home will have very different upkeep costs than a 10 year old home. A home in a hurricane zone will have different upkeep than one that isn’t.

First, musk is an ass. No defense of him.

Spaceflight, however, is awesome.

I’m a space systems propulsion design engineer by profession. I worked on a project which I will not name that requires on-orbit refuelling. (It’s not this one and I don’t and will never work for Elon Musk).

I’m just an enthusiast so I trust your professional opinion more than my own knowledge.

The technology for in-orbit refuelling doesn’t exist, and there’s a whole lot of new technology required.

I’m assuming your referring to the SpaceX on-orbit refueling of cryogenic propellants requirement, which I agree hasn’t happened yet in history by anyone. However, there is a regular on-orbit refueling of cryogenic propellants for years on a regular basis with Progress spacecraft refueling the 400 liters worth of tanks (860kg of hydrazine) on the ISS for its orbit raising rocket engine located on the Zvezda module of the ISS. Cryogenic propellants would be a whole different animal however.

I’m sceptical that they do have current solutions which are feasible and useful, rather than something like a one-shot refueling subsystem that weighs 250kg and delivers 15 litres of hydrazine.

As this technology is in regular use in space today, I don’t doubt SpaceX could do this, but we agree this doesn’t accomplish anything close to what is needed for the lunar mission SpaceX signed up for.

On paper, owning a home is almost always more expensive than renting — about 14% more, on average, after factoring in expenses like insurance, taxes, and upkeep.

I’d be interested in seeing how they arrived at the 14% number.

When I bought my first home a couple of decades ago I moved out of my 1 bedroom apartment which I was paying a monthly rent of $700/month into a small starter home with a mortgage of $1000/month. 20 years later that exact same apartment rents for $1350/month. All of the years I lived there my house payment never rose higher than the $1000/month mortgage payment while the rent on the apartment apparently continued to increase year over year. Meanwhile I ended up selling the starter home for $110,000 than my purchase prices nearly 20 years ago.

So is their 14% number just calculated on the first month of each (renting vs buying)?

Not defending apple, but they’re not talking about themselves. My reading of their point is: “If you force us to give away our tech, then that rule must apply to everyone with tech. If that applies to everyone with tech, why would anyone spend the millions or billions developing anything if they’ll be forced to give it away for free”.

Again, I’m not agreeing with Apple, I’m just able to understand their language.

“Source close to to the Milei administration share plans about future sources of revenue” /s

Why can’t humans stop being dicks to other humans for even like 5 minutes?

Being dicks to one another is where the huge majority of wealth and power come from. Asking humans to give up being dicks to one another is asking them to be satisfied with the tiny fraction of wealth and power that is derived from NOT being dicks to one another. Being satisfied with less is not really human nature.

Not my joke, but a good one:

Dentist: When was the last time these teeth have been flossed?

Patient: You should know, doc. You did it.

There’s a history of Chinese ships dragging their anchors and damaging undersea infrastructure:

Russian communication lines and Baltic natural gas pipeline severed Nov 2023

A few years ago I had a connecting flight through the New Delhi international airport. The air pollution was insane! Looking out the windows was a thick haze that you couldn’t even see the runways of planes taking off and landing through it. Further that haze was also inside the airport terminal. It had an orange tinge to it and hung visually about 20 feet above the floor. Walking from gate to gate had that haze and smelled like you were walking through some heavy industrial factory. I was only there for a few hours. I can’t imagine what life must be like for people that have to live there.

If you get all the extras it many times bumps you higher than a normal ticket from the larger airlines. As long as you know that, and are willing to fly very light and basic, it can be very cheap to fly the ultra-low cost airlines (like Spirit or Frontier).

In short, if you want full service flight, don’t go ultra-low cost.

Gee, it’s almost like offering absolute shit service, making everything an additional fee, constantly canceling flights, and never being on-time is a poor business model. Who knew?

That isn’t the reason the ultra-low cost airlines (like Spirit) are struggling. Its the opposite. The bigger air carriers simply copied the Spirit business model. Check out United’s Basic Economy fare. Its the same “cheap seat, but nickel and dime for every upgrade” that Spirit does.

Nintendo claims Palworld is a knockoff, and people bought it, so you’ve got a bit of a disconnect with reality and your positions.

So you’re cool if some other developer makes a knockoff of Palworld and sells it, right? Cause that knock off developer has to make a living, right? Where’s your empathy lie? With the Palworld developer or the knock off?

Uhhhh…. You are aware of what topic you are posting in, right?

Are you the Palworld developer then? This is preventing YOU from making a living?

I don’t need to come up with any revolutionary ideas, the open source folks are already creating without patenting their creations

The largest contributors to Open Source make their money from patents and other IP. As in, they can afford to give away lots of time and effort because they make their money with IP. If IP were to be eradicated as you’re proposing, all those contributions to Open Source by those largest contributors would evaporate. Here’s the largest Open Source contributors from 2017-2020.

source

I think you’re referring to “depth” where an election would be consider a “landslide”. The article is talking about “width”, as in most states (the Electoral College wasn’t even close with 72% going to Trump), GOP taking Executive, both houses of Legislative, and of course already has the Judicial in their control. That’s the “sweeping” part.