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Joined 3 months ago
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Cake day: June 23rd, 2024

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  • They may not have much money left over after downsizing, however. In markets like California the value is almost entirely from the land. The comparative value of the house (even a 5 bed) is comparatively negligible. So a 5 bed on a small plot would cost almost the same as a 1 bed on the same plot. In Silicon Valley it’s really common to just buy a house and knock it down and rebuild, since the cost of building a new house is much less than the cost of the land.

    It’s a genuine issue that the liquidity of the real estate market is impacted by this.




  • In most European countries governments are elected for 3-6 years (though they may end up happening more frequently since, most places, it’s possible to call early elections). The campaigning only really happens for 1-2 months before the election.

    The fact that the US essentially spends 1.5-2 years campaigning for a 4 year position is insanity to me!