cts1 | 1 year ago | on: Young men now spend more of their free time alone than any other group
cts1's comments
cts1 | 1 year ago | on: Engineers do not get to make startup mistakes when they build ledgers
There's no redundancy. Imagine you have 2 buckets, you reach into bucket A and grab some cash and put it in bucket B. $x dollars leaving bucket A is entry part 1, $x dollars entering bucket B is entry part 2. That's all it is. I honestly don't understand what single entry is by comparison - it sounds like losing an essential attribute of the transaction.
cts1 | 2 years ago | on: 66% of renters say homeownership is ‘hopeless’
I agree that you are paying the $5000 rent whether or not you own the house - but with ownership you have also levered your downpayment through the mortgage no? Is it better to use your downpayment to get that leverage or to invest in the stock market with no leverage (assuming some fixed positive return on each asset)? How much higher do stock market returns have to be over real estate for stocks to come out ahead? Has someone modeled this out or written about it? I've been wondering about this for a while and considered trying to model it myself but I don't understand all the other factors so not confident I could do it correctly.
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A creative hobby in which you could apply your programming skills perhaps?