jeppine | 1 year ago | on: Using Gorilla glass for home building
jeppine's comments
jeppine | 1 year ago | on: 40 monkeys escape from research facility in South Carolina
There is also a controversial "Monkey Island" on Morgan Island in St. Helena Sound.
jeppine | 3 years ago | on: Maybe treating housing as an investment was a mistake
If I had $100k to put as a down payment on a $500k house, and was able to rent at a rate that would pay, mortgage, taxes and upkeep. In 30 years, even assuming the price of housing stayed the same, it would have been a pretty good investment.
What is better though is if anytime within the 30 years the house doubles in price. I can sell it tax free and have enough money to buy an even more expensive house and potentially have a better retirement.
As long as I keep shifting the money from one house to another, I never pay taxes. I am also able to continue to rent the property and bring in a nice continuous income.
The fun little trick to this is you have to find a new property within 45 days of selling the previous property to keep the tax deferral benefits.
I think this 45 day window combined with low interest rates and limited inventory caused most of this crazy increase in housing prices.
Unfortunately, the landlords have increased their rents to correspond with local housing prices, and normal hardworking people are getting squeezed more than they ever have been.
I don't think this is sustainable, and as soon as there is a drop in renters in an area, and the rental properties start losing money. The housing prices will start to fall. The question is how long this will take.
jeppine | 3 years ago | on: Tell HN: Sometimes you don't realise how bad something is until you leave
Most of the time, I feel that it is just the owner’s fear of losing control of some part of their business. Sometimes it’s just fear of change.
I decided to go into a different career path entirely and am working for myself now. It has helped my mental state incredibly.
I know it is scary, but sometimes you just have to take the leap.
Best of luck with your plans.
jeppine | 3 years ago | on: Ask HN: Best book to begin wood-working?
https://commonwoodworking.com/
Lost Art Press also has some good books mainly focusing on hand tools.
Brent Hull is a good resource on historic windows and outlines the reasons to keep them. https://www.youtube.com/watch?v=J6mAmIrN5qY
Plus, the original windows look significantly better and will last longer.