I bought an EV. it's fun to drive and it's affordable to recharge. However, I wouldn't buy another anytime soon. The depreciation is horrible. They are basically destined for a landfill once they no longer work. I can go to a junk yard and pull an engine for my Toyota tomorrow if I need to.
Massive depreciation means cheap used EVs. I don't see the issue.
Luxury ICE vehicles also depreciate rapidly, and yet they're quite popular. Plus EVs are likely to have longer usable lifetimes -- though with different issues -- than gas cars.
Luxury vehicles I've never understood, especially the non Lexus variety. so don't expect me to explain that.
Due to all the people in my fmaily I have 4 cars so I wouldn't go from 1 EV to 2. If the current EV gets destroyed I do think that used EVs are the right way to go and would buy a used one for sure.
They do still feel like throwaway cars. I'm not sure how you can argue they will have a longer lifetime. If the battery dies surely no one is replacing that at cost? It's more than the car is worth. At least with an ICE each part can be replaced in your driveway with a few hundred in tools and the part probably exists locally used or new.
Have you ever heard, "You get what you pay for?" If used EVs were worth a damn, they would drive down the prices of petrol vehicles too.
>Plus EVs are likely to have longer usable lifetimes -- though with different issues -- than gas cars.
You need to do some basic research, friend. EV batteries are not designed to be replaced at any sane price. They are built even more crappy than late model petrol vehicles. EVs depreciate rapidly because their useful life is short and problems are many. A 10 year old Honda Civic with a gas engine likely has another 10 or 20 years of life left.
An EV probably has a max life of about 15 years without a MAJOR overhaul which is likely not even doable for less than the price of a new EV, if you can even find someone willing to do it. Battery integrity is very hard to determine from sensors and external examination. If a cell has been damaged, it can start an inextinguishable fire which could take out a whole garage. These factors further hurt the resale value.
EVs were popular before petrol engines were perfected. But those EVs had swappable and relatively stable batteries and the cars did not have to conform to modern standards for acceleration, crash safety, and range.
just makes the prices higher... you qualify for a house based on ratio of income to payment. so the demand is heavily influenced by the type of financing available..
Other than natural demand, Australia has a high real estate market due to the tax and a superannuation/pension distortions. Should try to fix those first. (probably impossible)
And as I pointed out in a sibling comment, it can lock you into your house if interest rates go up. We can’t afford to sell our house because the extra interest costs would increase our monthly payment by 50% even if the house cost the exact same as our current one.
I still don't understand how this means you "can't afford to sell your house." It just means you can't afford to buy another house at the same price as the one you have now. That's a different problem, and one that doesn't actually have anything to do with the interest rate on your existing mortgage. You can't afford to buy a house today at the same price that you could on the date you closed on your current house, but that's true regardless of the interest rate on the current house.
Let's put a number on it. Since the article uses $400k as a reference point, let's use that. You could afford to buy a $400k house back when you bought your current house. You cannot afford to buy a $400k house today. That would be true whether or not you had purchased your current house, and regardless of the interest rate on its mortgage if you had.
You only "can't afford to sell your house" if you're underwater on the mortgage and can't come up with the money to sell it.
We feel trapped because we would have to massively downgrade to move. Obviously, we COULD do that, but we don't want to.
You are right, we also couldn't afford to buy our current house if we currently didn't own a home, either. I am arguing that the fixed thirty year mortgages artificially drives up prices, which means that you are stuck and can't move whenever interest rates are high.
If we didn't have the fixed thirty year mortgages, housing prices would have never gotten so high, and buying and selling houses would be a lot easier, and people could move to where they want to be much easier.
Fixed-rate 30-year mortgages have been around for generations now. They're long since priced into the market.
Whether any specific person actually thinks through whether spending as much money as the bank will lend is prudent, instead of buying a house they can actually afford, saving the money, and upgrading later, is a different question. But it's not fair to blame the mortgage itself.
it's too expensive to move with closing costs and realtor fees :( It's almost always better to buy the most expensive house you can if you you still have a way to increase your earning potential in your career. if you could move without a 6% fee and $xx,xxx financial fees it would definitely be better for everyone overall except the industries who have inserted themselves into these transactions
In the vast majority of U.S. markets, it's almost always better to buy--or even rent--the cheapest house that meets your space and safety needs and invest the rest in index funds.
Anyone who ends up with their primary residence as their "biggest investment" has been a piss poor investor.
You are locked in because currently you have a great deal that you don't want to lose. If you were in Australia, you would already be paying that higher interest rate for your current house. I don't see how that's a downside.
Most people barely know what OS they are using. its just a way to start apps.
As long as they have an obvious way of opening a web browser, an office suite, and maybe an email and calendering client, the average office worker will barely notice the OS.
I've never used teams, what's bad about it? my newco is moving from webex to teams for video but keeping slack. I'm a bit worried keeping slack is a short term thing.
I can list off a few issues, but as usual, who and how many will share these experiences is a complete toss-up:
- random chunks of chat log can go temporarily missing at random when you scroll up. temporarily as in, they'll load on another device. on the regular one though, who knows when you'll get them back...
- if you manage to call someone the same time they do you, all bets are off. got things softlocked more than a few times.
- the usual recent Microsoft obsession with (keyboard-focus hijacking!) popups is of course also a thing in Teams
- text styling is hell, and sometimes when you click on the copy button in code blocks or copy out stuff in general, you get html tags polluting your copied data
- chats & group chats vs. team chats is extremely unnecessary and cumbersome
- multitenant support does a complete ui reload after which you miss notifications from the tenant you switched away from (might be different now)
- the localization is funky, just like in all other Microsoft products; from the small, like calendars starting on the wrong day, to the bigger, where if you ping @everyone in your Teams set to your native locale, then on the other side people will also see the ping in your native locale. It's just like Exchange/Outlook in this regard.
- the audio settings like getting mixed up, especially if you happen to disconnect and reconnect your stuff on the regular.
- they seemingly hardcode the URL preview thumbnail logic per trusted site, instead of using opengraph. their hardcoded integrations are also ignorant of e.g. url encoding and have other minor blemishes. I dare you to link the C++ wikipedia article to someone.
- profile pics go away sometimes (mine has been missing for weeks now, appears everywhere else), and statuses can get stuck or be null
These are all ongoing things that persist after years of use. Other, more questionable, already solved, or rare / one-off qualms would include:
- one time I tried screensharing, and when I clicked the button it showed me an emoji picker flyout instead of a share options flyout (lol)
- used to crash all the time in Edge of all things (not sure about other browsers), fixed since
- screenshare can freeze without you knowing any better thanks to the often extremely low framerate.
- slow (might be my terrible workstation)
- happily lies about delivery status and reorders messages
Today, Teams decided to update itself during a video call. It started acting wonky during the call until I force quit it, and then when I restarted it, it had a whole update procedure that I had to wait for. Meanwhile, I just used slack's video call thing. Luckily, my meeting was easily moved over.
It is a worse slack client chock-full of Microsoft bloat. My company tried to move to it after getting an E5 license and the entire technology org screamed bloody murder until they reversed course.
IMHO… Slack and Zoom are the best combo. Zoom being necessary because for some reason Slack just cannot handle meetings well.
I only use the PWA. Typing is not keyboard friendly, you need to use the mouse for formatting. Some keyboard shortcuts exist, but some don't work if you don't have an English keyboard.
It cannot keep track of what messages you have read, often you need to read the same messages twice. The set of emojis is limited (could be deemed a childish problem, but with 100% remote team emojis are important to have some fun). The layout of threads sucks, sometimes you have only a small side panel to work with. When you want to delete old notifications, it sometimes just says "Cannot delete".
It't the worst application I have to use at work. As soon as I have the possibility I will join a company again hat uses Zulip. Unfortunately those are rare.
This makes Dallas much more viable. I'm not sure if I'd have a usecase for waymo other than going to the airport. The other use cases such as going to work when my car is in the shop require the freeway too. Only non freeway thing I'd use it for otherwise is coming home from a neighborhood party or local restaurant/bar when I've been drinking and I don't really drink.
usually prices dont go down. the cost does relative to inflation. what usually happens is a new investor will do the analysis and build new units that are even more expensive but only slightly. now all the current tenants that can afford it will leave the current landlords and the current landlords wont be able to increase prices because there is a better product at that price level.
It does depend on where you are and how elastic supply is. In Austin for example there has been a recent decrease in rent (even relative to inflation) despite continually growing demand.
austin had such an insane explosion of supply. but they also have a price explosion just a couple years ago. probably going to see something similar with respect to GPU rentals in a couple years
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