I think that's the current catch-22. Maybe am not seeing things correctly but this definitely depends on generation. We have been living for decades in this financialized world where the creation of money through debt has created the dynamic where everything is poured into housing which has driven up the cost to nose bleed levels. I certainly feel for younger people trying to get onto the market now and we need to change the damned system so that, as Jeff Booth says, housing goes back to utility value and is more available to all. The insanity of the mortgage availability driven housing boom is causing problems for many.
I remember being a student in London and trying to persuade my father to buy a 5 bedroom house in Camden for 95,000 pounds because i thought the market would go nuts. I didn't really understand the dynamics at that age but just had a feeling. He never bought it but it was worth over 1.5m just 5 years later. As far as I can tell, that's just stupid based on easy credit being sloshed around the system.
I can't say I know what the fix is but I do think easy credit simply makes everything harder for all in the long run
Agreed. But then people being pushed to buy houses with credit is what flooded real estate market with cheap liquidity over decades and caused over pricing. Yes, I worked my ass of to get to decent pay, didn't spend frivolously, saved and invested and bought in cash a small house surrounded by empty houses as they were all dominantly second homes. Then just started saving again till could move on. Cars always used, never new. Always took saved funds as budget limit and spent 80% on the vehicle, leaving 20% for the repairs I new were going to happen. Seemed logical. I have lived debt free my entire life.
Maybe my perspective is wrong but if you don't earn enough, find a way to make more. Everyone being pulled into this whole credit based system seems to just flood economy in cheap credit, reduces value of money and drives up prices. Much of the time, it's also really obviously stupid. I met a chap at a friends birthday and he said he was always stressed. Really successful high earning program manager but had 1.5m mortgage. He was just miserable because trying to live way beyond means. We all make our choices
Dunno. I worked for it, saved, bought car. Saved and bought the house I could afford. Only credit card I ever had was when I was working in countries with civil wars and stuff going on in case I needed a quick flight out. Never used a credit card and haven't had one for 25 years. I do get that credit can be useful and did have to take a small student loan but it is possible much of the credit based dynamic is less relevant in a more stable price environment under hard money. Dunno. Not an economist so I might be full of shot!
A friend raised funds to launch a startup last year. No credit. Simple capital for equity from many small investors using savings. That is maybe the move that Saif is saying will become the norm. Under that paradigm, is credit truly required?
If looking for somewhere to learn surf that has a lot of life around as we'll in CR, Tamarindo not a bad choice. Just look air bnb for accommodation
It would be so easy for the cambridge dictionary to make an update on word definitions with a simple copy / paste and minor edits.
Am hoping it's not too early to lose faith in the 58 gang's assistancewith my stacking strategy!
Its a point of failure. I know a local group who custody. They're a business and move lots of corn. They have a well defined multi SIG custody system to stop bad actors internally whilst ensuring full control with no third party. It just makes sense
If entities like microstrategy are serious about bitcoin, why not define a group strategy with well organised multi SIG full custody?
GM nostr! ββοΈ
Today I am mostly hoping dogs don't run after another deer this morning!
Good morning nostr, its alrealdy Thursday, how time flies. Today i'll be playing catch up again. We have bnb guests checking in, so i need to make sure all is set for that. Also an out of town friend is supposed come for a visit this afternoon, so we'll be spending time with him. Then just all the homestead chores, but first i'm enjoying my coffee and then go for my morning walk. Yall have a great Thursday nostr friends, and remember to do your work with a happy heart. #coffeechain #grownostr #bnbstr #homesteading https://nostpic.com/media/8d9d2b77930ee54ec3e46faf774ddd041dbb4e4aa35ad47c025884a286dd65fa/e27baff272cbf602c8c43ca67df02b185784b0766d3b8b58cb473c2d5abf4168.webp
GM. Have a great day!
But what could he name it? π€
nostr:note1l2679k6j79hy248usgtrf3cm3e9jmmxwu5q2nzm0wzw3t9m3hxuqzwkp8g
meh, just it's more personal so need a J in there and bring it up to date and more coherent with NOSTR tendency for far too many coffee emojis....hmmmm... got it. Jitter
Don't flip a coin. Trust me
50pbs? Hmmm need soundtrack but looking for something more traditional, less techno.... Ah yes
Did you get a message like this by any chance? 
They're impressive but I have a vast amount of sacrificial plants they love but still have a penchant for my Jasmin Unfortunately
GM nostr ββοΈ
Today, I think I will watch the controlled demolition of my Jasmin!
Screenshot goes off screen. Looks a little off. Vanadium on graphene.
Rest looks great! 
Think I'll stop the boiled eggs and see how it goes. If it comes back, maybe time to get checked out
Split personality should always be compartmentalised
Engage, reply, add value..... Or be ignored. This is the way!