Uber Eats or something idk
-
Op buys avocado toast
Millennial upvote farmer
-
Burritos should ride on the bus.
New startup: BusGrub.
You put in an order for what you want and pick a timeslot a few hours in the future. E.g. for dinner, you put your order in at like at like noon and pick a 5-7pm window. Then, approaching your scheduled slot, a bus goes all around the area, picking up every order for that slot in the area, then swings around to each drop-off over the course of like two hours.
Result: Everyone enjoys cheaper, but gross soggy food.
Please give me $20 mil starting capital, thanks.
-
New startup: BusGrub.
You put in an order for what you want and pick a timeslot a few hours in the future. E.g. for dinner, you put your order in at like at like noon and pick a 5-7pm window. Then, approaching your scheduled slot, a bus goes all around the area, picking up every order for that slot in the area, then swings around to each drop-off over the course of like two hours.
Result: Everyone enjoys cheaper, but gross soggy food.
Please give me $20 mil starting capital, thanks.
-
Says the guy who wonders if Smurfs fuck and talks to strange men in metal bunny costumes.
I don't think about fucking my family that's gross
-
This post did not contain any content.
I notice that learning to cook is never an option
-
Millennial upvote farmer
wrote on last edited by [email protected]Avocado Toast Procurement Specialist and Millennial Upvote Farmer couple.
House Shopping Budget: 1.3Million.
-
I notice that learning to cook is never an option
My niece was highly Uber eats dependent. Got her an air fryer for Christmas and it literally changed her life. Sometimes people want better but don't know how to get there
-
Avocado Toast Procurement Specialist and Millennial Upvote Farmer couple.
House Shopping Budget: 1.3Million.
In high interest loans
-
My niece was highly Uber eats dependent. Got her an air fryer for Christmas and it literally changed her life. Sometimes people want better but don't know how to get there
We carry access to all the knowledge of the world in our pocket.
-
Or in more generic terms, inflation is good if you borrow money.
If your interest is less than inflation.
Like my colleague who bought a house for about 1.5% before inflation nearly went to 10. Man.
You are better off regardless of how much your interest rate is, as long as it is fixed. If your mortgage payments are fixed, but your pay increases with inflation, your real monthly mortgage payment goes down over time.
Eg, if your mortgage is $1000/mo, but at the end of this year a cheeseburger costs $1000, then your mortgage payment is the same cost as a cheeseburger. Doesn't matter if the interest rate you got originally was 1% or 99%.
-
We carry access to all the knowledge of the world in our pocket.
Abundance of unstructured and chaotic knowledge that is blended with misinformation, ads, memes and attention grabbing 5 second videos tends to overwhelm most people.
-
I mean it more like if you would have borred 100K for a house in the 70s that was a lot of money, if you still live in that house you probably paid it back, but even if you didn't 100K today isn't that much money anymore
wrote on last edited by [email protected]That's a historically unusual artifact of the financialized housing market in a country where the population outpaces new available housing units while the economy continues to grow.
Go to Italy or - God forbid - Iraq or Ukraine or Myanmar, and you'll find record inflation combined with falling real estate values. Buying a home in Lebanon or El Salvador or Bulgaria in 1975 wasn't a good move. You had to be a certain proximity near the US/EU money printing machines and a distance from the US/Russia bomb dropping machines to get that arbitrage to work.
-
I notice that learning to cook is never an option
I'm so happy to have grown up in a country where not learning to cook isn't an option.
-
What do you mean with "inflation was added to your mortgage rate"? The prices of houses do go up but this is mostly a problem for first time buyers, after that your current house has gone up in price too, so that helps with the next house. But if you buy a house and don't move your mortgage is fixed for 20 or 30 years (unless you go without a fixed rate).
So your monthly payment will stay the same, while hopefully your salary goes up.As in, the rate of inflation was added to the mortgage rate you were offered. This is because tax incidence falls on the less elastic side of each trade, and credit supply is much more elastic than housing demand.
-
Or in more generic terms, inflation is good if you borrow money.
If your interest is less than inflation.
Like my colleague who bought a house for about 1.5% before inflation nearly went to 10. Man.
Inflation reduces the real buying power of the money used to repay the loan by the inflation rate each year, regardless of your loan interest.
In absolute terms, inflation is better the higher your interest rate is, because the number of dollars it saves you goes up.
-
inflation is good if you borrow money
at below the rate of inflation
Inflation going to 2% to 6% when you've got a credit card with a 30% APY is of very marginal benefit.
Your maths is not right. Inflation, in absolute terms, is a larger benefit to people with higher interest rates.
Let's consider the scenario where inflation is 10% for simplicity, and two borrowers who each borrow $100, but Borrower A at 5% annual simple interest and Borrower B at 25% annual simple interest. Both borrowers borrow the money at the beginning of Year 0.
Borrower A owes $105 in Year 1 dollars at the beginning of Year 1. This is equivalent to $95.45 in Year 0 dollars.
Borrower B owes $125 in Year 1 dollars at the beginning of Year 1. This is equivalent to $113.64 in Year 0 dollars.
Compared to a 0% inflation rate, Borrower A saved 9.55 Year 0 dollars and Borrower B saved 11.36 Year 0 dollars. Borrower B saved 1.81 more Year 0 dollars than Borrower B due to inflation (but paid 17.55 Year 0 dollars more overall because of interest).
-
Your maths is not right. Inflation, in absolute terms, is a larger benefit to people with higher interest rates.
Let's consider the scenario where inflation is 10% for simplicity, and two borrowers who each borrow $100, but Borrower A at 5% annual simple interest and Borrower B at 25% annual simple interest. Both borrowers borrow the money at the beginning of Year 0.
Borrower A owes $105 in Year 1 dollars at the beginning of Year 1. This is equivalent to $95.45 in Year 0 dollars.
Borrower B owes $125 in Year 1 dollars at the beginning of Year 1. This is equivalent to $113.64 in Year 0 dollars.
Compared to a 0% inflation rate, Borrower A saved 9.55 Year 0 dollars and Borrower B saved 11.36 Year 0 dollars. Borrower B saved 1.81 more Year 0 dollars than Borrower B due to inflation (but paid 17.55 Year 0 dollars more overall because of interest).
Inflation, in absolute terms, is a larger benefit to people with higher interest rates.
Fair enough. I'm more thinking in a discrete sense... "saving money" versus "owing money"... rather than implicitly how much less are you paying.
-
This post did not contain any content.
I'm a middle aged man. I've paid my mortgage. I've got savings. My pension is doing alright. I've got my shit together.
I still eat beans on toast more often than I get a takeaway. You don't need to send half your dinner money to the silicon valley cunts that are fucking everything up. Support your local food places by going in, that way they get all the money.
-
We carry access to all the knowledge of the world in our pocket.
It is buried in trash.
-
This post did not contain any content.
The costs of Doordash/Uber Eats gets socialized pretty heavily. Where I live, most restaurants just upped their prices 20-30% across the board to account for the DSP fees. Most of the time I'm ordering from Doordash, it's genuinely cheaper than actually eating in the restaurant
