• 0 Posts
  • 10 Comments
Joined 1 year ago
cake
Cake day: October 25th, 2023

help-circle




  • Uhhhh.

    https://www.google.com/search?q=what+percentage+of+homes+are+over+%241+million

    Apparently per Redfin 8.5% of homes in the US are 7 figures or more. We’re not talking the 1% here.

    In California the median home price is almost $800,000.

    I’m in a HCOL area in Washington State and regularly see 3bdrm and sometimes 2bdrm condos for over 1 million.

    Not to mention sure your home is equity or net worth but most people only buy one and sell it anytime they move. Many of these people also planned on selling it / downsizing in retirement and converting it towards their retirement fund.

    Remember that “afford” doesn’t mean they have a million dollars. “afford” means they saved up a down-payment and then paid interest and mortgage payments (sometimes barely scraping by) for at least 30 years. Usually many more years if they moved from smaller house or a condo to a larger house when they decided to have a family (thereby starting a new mortgage for another 30 years). Or worst case, they haven’t paid it off and now are underwater on their mortgage.

    The banks are the ones making crazy money on all this.





  • I mean, without browsing levels.fyi or anything like that you can get 4 to 10 software engineers for 1 million (anything from 100k to 250k depending on location, experience, etc.).

    Not all employees are engineers but that would imply 80 to 200 staff for the 20 million they state.

    That’s only the component paid to the actual staff though. There are additional costs like Healthcare, unemployment, social security, etc, and other benefits that may not be included in wages (though some portion may be deducted from salaries), but they are including in that statement / summary.


  • As someone who owned a Jeep in a place where they salt the roads in the winter. Fuck torx.

    That being said no other screw head would have been any better, and maybe it was just a cheap torx socket (you could see I had actually twisted the whole head on the tool, before stripping the screw). A hex bolt for that particular application would have been much easier to remove (or snap the head off :p)