That is what happened to one guy i know, i never really liked him but injury, got painkillers, got hooked, then heroine, then meth.
Housing is absolutely a universal need, and should be decommodified. Also, rich tech bros wanting to move to <wherever> shouldn't be able to just displace current residents because they're making bank. Forcing grandma to move 2 hours out of town, away from necessary services, and basically their entire fucking lives is bullshit. I see so much support for "getting rid of the dinosaurs" and "they should move out to let productive people [like me] in" within tech circles. Japanese housing loans arent really like that. As a holder of a Japanese mortgage: Employment is super stable in general. You don't make as much, but you can't get fired for reasons. Risks to the banks are relatively low. Mortgages are up to 35 years in duration, and can be for 100% the value of the property Fixed interest rates < 1.0% for 20 years with some banks Variable interest rates are set at a discount against prime, and the government has a strong policy towards stability Interest rates for investors and foreigners are high, and require downpayments The first 10 years benefit from a tax reduction up to 400,000 JPY. They recently updated it so that the most you can get back in the interest on the loan though. Previous to this, people were getting more than they put out, back. As @downndirty said, housing *generally* depreciates in terms of the building itself. The country shakes so much, the buildings are never going to be worth it. Buying-to-rent isn't a great gig if you're chasing gainz, especially of the speculative variety! Relatively stable renting incomes (many estate agencies will offer a 95% occupancy guarantee in major cities, and that gives you ~3 - 5% yields. You generally *can't* evict people, and you definitely can't pull the kind of shenanigans you do with rents and evictions in North America. Contracts are essentially standardized for rentals, so they're easy to understand AND they have to go over every single point by law. Foreigners whine to no end about this every time. The *tenant* has the option to renew, not the landlord. You may have negotiated a renewal fee in the contract, and if you did, they owe you that at renewal time. No more than 2 months rent, often 0 - 1 months. Rent increases are relatively rare, either on new contract, or indexed to the (not really existing) inflation. Lots of competitive rental housing available in metro areas Zoning is different here, and generally based on nuisance levels. You can generally build whatever where you tear something down so long as you're not going to be a nuisance outside of the construction period. If you need to do sewer and services upgrades, that's when stuff gets tougher, as it should be. There is no "character of the neighbourhood", or "but mah land value". Shit is lego bricks. The speed at which buildings disappear and reappear is pretty nuts too. They slap up this massive metal barriers around buildings that are coming down, take it down, and then put the fucker back up. The end result is that you get is this: Ability to rent a studio apartment in the heart of one of the largest, most densely populated metropolis in the world for $1075/mo (https://www.eheya.net/detail/300336272025032000006/). That's basically "downtown" Tokyo. If you need more space, or have a family, you can step further out, but trains are convenient and generally comfortable enough. They're not cutting back on amenities either, look at that apartment. It's reasonable to purchase. Ability to purchase for the long term with low risks on both ends. Retirement age is 60 and most people can work until 65 or 70 on yearly contracts after that. It's expensive to move. Upfront costs are high, and it discouraging moving for minor conveniences, allowing for better planning for owners. It's stable for renters. You don't have to move if you don't want to. Your neighbours will make your life hell if you disrupt the peace, and the cops aren't going to be super kind either. No garage bands, sorry. Musical instruments either really. It's unreasonable to speculate. Loans aren't cheap for them, land values don't skyrocket, and homes are homes. You can't just "rent for a little while". You can't "move your nephew in" for a month to evict a tenant, and you can't just jack up rents without an *extremely* compelling case. "Market value" is set when you rent the fucker, and whenever you get a new tenant. You can't press the current residents.
I can see some benefits we could borrow from that model: -"first" or primary home mortgage has a subsidized interest rate, or significant help on the down payment, and any subsequent mortgage you're at the mercy of the market. -higher interest rates/down payments if you're buying a second home out of state -some sort of regulation requiring Airbnb properties to register as a hotel, and pay taxes as such. At work, we emphasize the zoning laws, due to disaster mitigation. There's a perception that the resources tied up in housing (money, time, ties to a community) are wildly important, and if folks who survive a disaster lose their homes, the community can literally dissolve, including the businesses. There's a tremendous focus on preventing that "death spiral", and for recurring incidents that may not always trigger a federal response (local flooding, tornadoes, low-level wildfires, even small-ish hurricanes), the zoning laws and codes are often updated to reflect disaster mitigation. This does make the up-front cost of construction higher, and people reasonably balk at that. It also, I think, forces home builders to be strictly professional, and the HGTV crowd to focus on flipping homes, as opposed to building from scratch. I think this also increases the costs, because a coat of paint or three, a new set of cabinets and countertops somehow changes the value of a property by $70K? I think some of the solution can come from making the real estate transactions themselves easier, cheaper, and relying on fewer parties. Closing costs are outrageously high, in part because so many entities are involved. Looking at automating some of that, or regulations that reduce that might make it easier. Here, I think the emphasis needs to be on making these moves easier, more frequent, and with fewer obstacles. For most folks, that's how they improve their station in life: switching jobs is how you get a raise, especially early in a career. So, the housing market limiting one's ability to relocate is it's own sort of trap, as is a mortgage that is incomprehensible to pay off. The focus isn't on a lifelong debt, it's stable housing, and the issue is the policies overwhelmingly favor existing owners maintaining the price of housing exorbitant and unnaturally high. Also, the aforementioned codes/regulations mean that it only makes sense to build for the top of the pyramid, which theoretically exerts downward pressure, but in reality it does not. Building starter homes would be the ideal, because you can sell them and upgrade, but if you are "house poor" because you're maxed out financially on a mortgage, the transaction costs are prohibitive to downgrading or making lateral moves. In DC, most owners start out with a condo priced below $300k, then when they gain some equity, sell it and move to the burbs, or upgrade. I'm largely fine with that as a model, just lowering the difficulty to get into that first home is critical. Lastly, I think some of this can be mitigated by changing how mobile/pre-manufactured homes are handled. If they didn't depreciate, and were more of a modular thing, and there was some effort to reduce the stigma associated with them, I think they would be a pretty ideal solution in some areas. I saw this at work a few years ago, where a company did modular homes that were built in "slices", that were analogous to a mobile home: 15 ft wide by 60 ft long. You could order 2-8 "slices" in various configurations, and the company would ship them on a truck, with a bit of site prep, and a crane and within a month, you've got a brand new home that doesn't require a ton of specialized labor on site, is already elevated to some degree, and can be as "finished" or unfinished as one could afford. I'd love for this kind of option to be more viable.
Indeed. And if you saw Jenni Lee before she went underground to join the cast of “Raw Meat”, you will see just how evil and uncompromising a drug addiction is. She was stupidly hot.
I may be the only one here, but I don't watch porn for the healthy, substance-free lifestyle they model there. Some addictions are hot.
Another mass shooting. This time at a 4th of July parade in Highland Park, a suburb of Chicago. 5 confirmed dead, 19 injured. Shooter still on the loose. https://apnews.com/article/chicago-...n=TrueAnthem&utm_medium=AP&utm_source=Twitter
My wife's brother and his family live in a neighboring suburb (Deerfield) and when she called and checked up on him, he was definitely pretty shaken. Give the large demographic of Jewish people in that area of the suburbs, we were wondering if it was anti-semitic in nature or yet another angry white dude with a chip on their shoulder. Either way, total nutjob with too much access to firearms and too little access to mental health.
Shooter is an emo looking white kid with face tats who’s father ran against and lost to the current mayor. His now-deleted YouTube’s featured him rapping about school shootings. *edit* now captured alive shooter. Also photographed at a ton of trump and qanon rallies and posing with trump flags, his discord was named "SS," so yeah there's a lot going on with him.
Obviously way early but I saw a video screen shot of his Twitter followings and it was all Lefts. Maybe it wasn't actually his?
yeah this dude was way deep into the Qanon shit. r/masskillers is fascinating if you’re into the psychology behind these guys. They dig up shit on them in a hurry.
Funny how so many Qtards love the 4chan world yet it’s clearly the 4chan crew who invented QAnon and turned all of them (every. single. follower.) into living jokes.
Interesting angle on the relationship between online radicalization and mass shooters: https://twitter.com/dsrwnews/status/1544335108848685057