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Joined 1 year ago
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Cake day: June 15th, 2023

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  • I thought tiny homes were a good idea until I lived in a couple of them.

    It seems that “tiny home” has a fluid definition. I’ve seen it used for 120 sq ft homes all the way up to just under 1000 sq ft. The latter measure of just under 650 to 1000 sq ft is close to the size of the hundreds of thousands of starter homes that returning soldiers from WWII that represented the largest boom in private home ownership in US history:

    source

    When developers are usually only building giant single family home outside of the reach of those new to home ownership, the return to these smaller starter homes sounds like a really REALLY good idea! Prior to this there has been almost no homes for sale for someone that is otherwise happy in the space of a one or two bedroom apartment. It meant essentially renting forever in many places in the USA.

    There’s a development of tiny homes going up in San Antonio TX that I’ve been watching that looks really promising.

    350-650 sq ft with starting prices at $140k. That’s affordable for many people that have been priced out of those WWII age homes of similar sizes that are going for $250k-$400k today.

    As you’ve actually lived in a tiny home, I’m interested in your opinion about how these won’t work. How big was your tiny home? What makes it unworkable?




  • Today’s generations caught onto the lie that “rib played notes” are inconsistent which ruins the immersion.

    Doug : In episode 2F09, when Itchy plays Scratchy’s skeleton like a xylophone, he strikes the same rib in succession, yet he produces two clearly different tones. I mean, what are we to believe, that this is a magic xylophone, or something? Ha ha, boy, I really hope somebody got fired for that blunder.

    Homer : I’ll field that one. Let me ask you a question. Why would a grown man whose shirt says “Genius at Work” spend all of his time watching a children’s cartoon show?

    [embarrassed pause]

    Doug : I withdraw my question.

    [starts eating a candy bar]

    source











  • “why the banking system works this way” wasn’t the question, but I touched on part of that answer in my prior post.

    A little bit more of an answer (but still far too simplistic) is that a series of laws was repealed (primary Glass-Steagall Act of 1933 ) allowing banks to take deposits and gamble with customer deposit money. This lead to banks not keeping enough money in the bank because they wanted more profits from the gambling. Part of that gambling lead to the fallout of the Financial Crisis in 2008. In a response to that new legislation was made ( primarily the Dodd-Frank Act) that forced banks to keep more money in the bank and be able to dispense it to depositors. You may have heard headlines of “banks being stress tested”. Thats part of Dodd-Frank requirements. The stress tests run scenarios with the banks numbers against hypothetical situations. If the bank’s processes and accounts don’t pass, the amount of cash they need to keep in the bank goes up. This is one mechanism to help insure your money will be there in the bank the way you expect it to be.

    Now, lawmakers could do even better by putting most Glass-Steagall Act back in place with all its protections to depositors, but there’s too much money and corporate interest to do that.



  • why is our government’s only method of controlling inflation essentially just giving more money to the banks?

    I take it from your statement that you are saying you believe the that 7% in the article is money a retail borrow (like you or me) pays to the bank which they profit from. Do you believe that is the case? It doesn’t work that way. An overly simplistic explanation is that 7% is interest the bank itself pays to borrow the money from the Federal Reserve.

    Now you’re asking why the bank needs to borrow money from the Federal Reserve? Here’s yet another simplistic explanation:

    A bank takes in money from depositors (your checking and savings accounts, certificates of deposit, etc). It pays a very small amount of interest (usually between .01% in most cases and maybe as high as 4% in rare cases) to depositors. So the bank needs to profit if it is a business. One huge area is lending. It loans your money (and everyone else’s) out to people buying houses, cars, and companies borrowing for startups or expansion. They charge various interest rates on these loans and I think THIS is the interest you’re thinking of from the article. The article’s interest is different.

    Banks aren’t allowed (anymore) to loan out every dollar they have to try to make the most profit. They’re required by laws written by Congress to keep a pretty large chunk in cash (not paper per se) on the books. This means if you and 1000 of your best friends come to the bank and demand all your money, you’ll likely get it even though there’s lots of loans out. If the bank has loaned out too much then they won’t have enough cash to meet the regulations.

    This is where the Federal Reserve’s benchmark rate comes in from the article.

    I bank can, overnight, borrow millions of dollars from the Federal Reserve to make sure it has cash on the books, then returns that money in the morning. The 7% from the article interest THE BANK has to pay to the Federal Reserve for the overnight borrowing. In the morning the bank starts getting regular deposits again, so it doesn’t need the Federal Reserve’s money for the day. At night, they have to pay out their expenses and pay interest to their depositors so they may be short again. So the bank AGAIN borrows millions overnight and pays interest to the Federal Reserve. This is the banking business in short.

    Source: If you want more info here’s a better and more complicated write up

    I hope that helps.



  • If they kill a Republican, the right will official loud and long hours this proves they’re the victims

    …and then pass rules that Republicans politicians at all levels be exempt from any gun restrictions, even on someone else’s private property. They would proudly wear hip holsters onto the House floor during debate and claim that is the only way they can be safe. The first shooting victim on the House floor will be a person of color from a Republican gun.

    If it happens to be a radical from the left that does the initial killing, then there’s even a possibility Republicans would support gun restrictions on Democrats.

    Remember, the conservative answer to too much gun violence is always adding additional guns.