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Joined 1 year ago
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Cake day: October 20th, 2024

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  • I feel like you’re ascribing so much more intelligence and thoughtfulness to Trump’s reasoning than has been consistently demonstrated. I fully believe that his entire reasoning is that Greenland is really big on most map projections and relatively easy to take by force (whether by bullying Denmark into ceding it or literally invading it militarily).

    He wants to leave his mark by doing something very few Presidents have done, especially in the modern era. Same reason he created the Space Force or the White House ballroom - it’s a vanity project by a malignant narcissist who wants to leave a legacy and doesn’t care about the cost, or even the actual benefits.






  • If you’re not planning to live there long, I don’t think you shouldn’t be buying; that’s one of the few times I’d choose to rent. I guess maybe if home prices are rising then you can accrue some equity, but then you risk buying at the top of the market. I genuinely how it would compare to a fixed rate mortgage though.

    If you think interest rates are going to decline, you can easily refinance a fixed rate mortgage as well. I don’t see any benefit in that scenario, but there’s a downside in that if rates don’t go down you still have that balloon payment to worry about, and if you don’t qualify for a traditional mortgage, you’re really in a bind.

    Maybe if you’re flipping a house it makes sense, especially if you want to minimize cash outflow. Otherwise, there are so many more downsides that are much more severe than the mild upsides that you might gain. Perhaps there’s a few niche applications that I haven’t considered though.