• 11 Posts
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Joined 1 year ago
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Cake day: July 4th, 2023

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  • True but what the poster said is important: polls do not work well in close races because they don’t sample correctly. The average poll respondent is older, whiter, and more conservative than the average voter. So you end up with a skewed sample. Plus you sample so few of the other voters that you can’t make a guess as to what they think.

    No younger people answer the phone for pollsters, so this is hard to fix. They are probably going to have to start paying people to answer surveys. I know I won’t answer them for 15 or 20 minutes for free.



  • That guy is just repeating what he heard on the radio or from some drunk guy at a bar. He’s not putting any thoughts into it.

    Besides what you mentioned, there are pre-nups, post-nups, trusts, and other complicated ways that rich families use to protect their assets from gold-diggers. Marriage is a legal contract and it can be modified with other legal contracts.

    In a lot of cases, “trust fund kids” don’t even own their house or car. It’s all held in a trust so no one, not even them, can have it. If they divorce there’s nothing to split but some cash and whatever furniture or toys they own.

    In practice, I believe the pre or post-nup gives some consideration (money) to the spouse who isn’t rich so they won’t sue. But it’s not 50/50 because the trust fund kid legally doesn’t own much.




  • Supply of homes is not dynamic like a factory, it can’t respond quickly to prices. Investors will grumble about whatever they want, but the alternative is a time consuming and expensive sale.

    Even then those homes don’t disappear . If they are removed from the rental market they will just end up sold to the very group of people who were renting them, thus reducing demand. Rents would not move much, although there will probably be more real estate sales than usual as the rental market sheds the lazier real estate investors.











  • You might not know this, but a mortgage being higher than the rent isn’t abnormal. In the past, when interest rates were 8% and rents were lower, you lost money on a rental property for the first few years. Property is not a license to print money. It’s an investment with costs and payoffs.

    The property owner can pay off the mortgage early with the money. Or they can buy another place to rent out. Or diversify into other kinds of investments. No one is banned from anything.