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Cake day: March 16th, 2026

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  • I bought my house with my military sign in bonus. I got 20k that i put into the s&p. After college it was 40k. My house was 120k.

    Then the federal reserve made the choice to raise housing prices like crazy by lowing interest rates to 0.25% (1.9% apr for houses) and my house blew up to 500k.

    Low interest rates have killed the market for anyone to ever buy a house now. They really need to raise rates to 10% before housing becomes affordable again











  • krisevol@lemmus.orgtoWork Reform@lemmy.worldThis isn't fair
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    11 days ago

    When is you how direct, it costs 100k to how an employee you pay 66k/hr.

    You need to pay half of the social security, half of the unemployment, and in California, its 18k/yr for medical, (36k if he has a family), payroll tax, and that is if you provide zero retirement benefits.