Comments by "Lepi Doptera" (@lepidoptera9337) on "How Money Works" channel.

  1. I had a colleague in the city who told me that he wanted to have bigger bedrooms and a large yard for his children. He quit and moved to a small community some 20 or 30 miles from Denver, I believe, where he got it all. Large lot, large house, good schools and a better job title at a smaller company. He didn't get any more money, but he was much happier with the new arrangements than with his cramped and expensive lifestyle in the city.
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  2. Smart people can lead horses to the water, but we can't make them drink. That's up to you horses. ;-)
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  3. In many countries in Europe higher education is free or almost free. If you can afford the cost of housing, food and books, then you can spend the 4-12 years that it takes to get a degree of higher learning. I have. It was totally worth it.
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  4.  @mac_mcleod  I know. It's ridiculous. A nation depends on the best of its best. That means we have to try and get everybody to be the best they can be, not just in K-12 but also beyond. To load that with an almost impossible financial cost is self-destructive behavior.
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  5. It's more than just education. I have a PhD in physics but I am far from being middle class. My parents started with literally NOTHING and so all I ever had was my education. Since I didn't care about working in the financial industries or similar high income positions, I had to make do with fairly mediocre salaries all my life. That's OK if you don't have children as you say and you don't want to leave them a better life than you had. Then you can be flexible and just enjoy, like I did, without running after the money. If you want more than that, then you have to go where the money is and do whatever it takes. Will it result in happiness? Not for the people I know who went that way. They have more money than I do, but I don't particularly envy them because I know how much they had to work for it.
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  6. That's exactly the delusion here. Middle class were always wealthy and comfortable. They were just not wealthy in the sense of an aristocratic landowner who had tens to hundreds of thousands of acres of land and a few (ten) villages under his control. Today's middle class have annual incomes of a million to tens of millions of dollars and they own one or several high quality properties free and clear. You would have to be extremely generous with the definition to extend it to someone who makes half a million a year, but that's probably as low as it goes for the "poor relatives" of the middle class.
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  7. In theory, yes, but in practice they are the first ones to be destroyed in case of a revolution. The political instability of Russia is the result of the total destruction of its middle class during the Russian Revolution and following decades. There simply are no serious, level headed political stakeholders left in Russia. There are only psychopaths and their victims. You can see similar trajectories in Mexico, South America and Africa.
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  8. Jailed for what? ;-)
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  9. They can't find people with the right degrees, but if you think that you can get a job as e.g. an engineer without an engineering degree, think again.
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  10. Not really. You can tell by the number of unhappy American Trump voters. ;-)
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  11. The smart ones will get a degree and the not so smart ones will lie to themselves that they don't need one. ;-)
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  12. There is no right to get what you claim you need. Investment firms are typically not buying single family homes. It's not a business model they can make money on. Neither can you typically convert private homes into commercial real estate in the US. The local zoning laws usually don't permit that. That's part of the problem. Single family zoned areas can not be converted into multi-level condos that provide more living space for people. We have plenty of suburbs with a density of half a dozen people per acre or less. That's a total waste of what is essentially urban area.
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  13. Which one? We invented so many of them. ;-)
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  14. Yes, but that doesn't make you one, so the life recipes that work for them do not work for you. ;-)
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  15. Yes, it is... until you try to move up in life and you notice that they won't let you because you lack the necessary education. ;-)
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  16. Microsoft is still selling the same OS and the same office tools as 30 years ago. Google is still an advertising company and Jeff Bezos is still a glorified Sears Catalog distributor with larger warehouses. Do you know why? Not because these guys are stupid. It's because there are only so many product and service categories that every human being on the planet needs. Look up the total worldwide market for violins. Will it surprise you if I said that Apple makes more money in half a day than all the people together who are making violins? Probably not. How many violins does the average person buy each year? THAT is the problem. ;-)
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  17. That specific skill are being trained on the job is reflected in job offers that require a degree AND five years of experience. It's not a degree OR five years of experience. ;-)
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  18.  @112313  That's a funny way of putting it, but I can see that. ;-)
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  19. There is only the finest fear porn on this channel. ;-)
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  20. He knows astronomy and some physics. That's no different from you knowing programming (at least I hope you do). What did he tell you during the pandemic? To get vaccinated? Dude... an average kindergartener could have told you that. So the only question is... are you smarter than the average kindergartener or not? ;-)
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  21. Everybody who wants to work on jobs that require a science and engineering degree will have to get a science and engineering degree. Same for law and medicine. No big deal. Do you need an English or history major? Not unless you want to become a professor for English or history. ;-)
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  22. Dude, your jealousy of Elon Musk is showing. Musk is extremely smart, but his EQ is negative. That you admire Tesla, however, proves that you are not even educated. :-)
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  23. This video was clearly designed to create a large number of fools. If you think that you can get a well paying job in a company without a college degree... think again. ;-)
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  24. Middle class people are rarely "leisurely". They are usually very hard working and constantly afraid to slide down. It's not a happy place to be. That the retired in the US are leisurely is also not quite backed up be the many old folks who are working low income jobs, e.g. at the checkout counters.
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  25. Yes, people are suffering... from obesity. ;-)
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  26. While being unemployed? :-)
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  27. Yes, you were sold a lie about the middle class. Middle class always meant people with social rank and income stability that allowed them to make serious lifestyle decisions and moves. That was never more than the upper 1% of the population excluding the upper 0.01% of aristocracy and ultra-rich billionaires.
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  28. People aren't supporting either. That's just the wishful thinking of Marxist leftovers from the 20th century. It's much worse than that... people are supporting fascism. ;-)
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  29. The people who "created this problem" are homeowners in good neighborhoods. NIMBY makes it virtually impossible at the local level to increase the density of communities. This works in the short run for people who already own homes because they are rising in value faster than the reassessment of property taxes reflects. It makes it very expensive for new home buyers. The city and county governments are torn because on one hand the lack of new housing makes it harder to attract employers, but the main income source is the real estate tax, which does greatly increase when new buyers are purchasing at doubled or even tripled home prices. So, no, voting for another party at the state or national level will do absolutely nothing about the problem. You need to haver your brain checked because it's clearly not working. ;-)
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  30. Did you pull that turd out of your own rear or somebody else's? There is not a single condo or single family home within five miles of my place that is owned by a corporation as far as I am aware. My rental building is owned by an elderly lady who will probably hand it down to her family.
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  31.  @AKATenn  I am living in a smaller city (nothing of the sort of New York or Chicago or LA) and there is no large scale development going on here even though there is employment. That there isn't is the problem. There are simply not enough one and two bedroom units for the younger people who want to live here. That's a consequence of NIMBY. People aren't losing a lot of homes right now. There is hardly anything on offer because everybody who owns a home is holding off on sales if they can. They are waiting for higher prices.
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  32.  @AKATenn  That "it's more worth it to keep it empty" is absolute nonsense. That developer is losing an enormous amount of money right now. What happened in your neighborhood is that they overbuilt or they misjudged the demand for that particular price range and kind of real estate. In no universe are empty buildings worth more than buildings that are producing hundreds of thousands of dollars of rental income every month. I have no idea where people are getting these strange ideas from. That people are waiting for prices to go up is not a "problem". Do you want to force people to sell at a fixed price? Are you a communist or something? What kind of bullshit idea is that? There is a market and the market allows people to make choices. They can buy and they can sell or they can decide not to do either. End of story. Now, the are better regulated real estate markets in the world. See e.g. Singapore. Care to guess what is going on there, right now? Home prices are exploding, despite all those regulations. Regulations can't beat supply and demand.
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  33.  @AKATenn  Homeless are not in the market for million dollar homes. Not every problem is the same problem. That's what I am saying... you are suffering from NIMBY. Are you by any chance living in "gentrification Karen land" aka San Francisco? That's another one of those diseases of the mind... this idea that everything has to stay as run down as it was in the 1960s and 1970s. Yes, some people do get pushed out of gentrifying markets. Those are the people that have kept the place in squalor for decades because they didn't have the income to make it better. They can live in squalor somewhere else. Nobody of importance cares.
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  34.  @AKATenn  Like I said, nobody around here sits on 10,000 empty properties. Even if they did, it wouldn't do anything for the homeless. Just give it some time. A developer can only afford to leave a property empty for so long. After a few years they will start lowering prices.
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  35. I don't know what my IQ is, but I always had poor memory and am horrible at learning. I am reasonably smart about what little I know and probably rather foolish about all the things that I don't know in detail. The actual trick is to be able to tell that which you know apart from that which you don't.
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  36. Typical YouTube bullshit. Most people can afford a house or at least a condo. Most people can't afford a house where they want to live. THAT geographical distribution problem is what upsets people. Yes, we all want to live in a hip city or at least a safe neighborhood. Most of us can't. Cry me a river.
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  37.  @treestuffer  Dude, I can't afford a house where I want to live, either. Actually, I can't even get the loan for a condo at my age. Did you know that the banks aren't lending to people on social security? The point is: don't cry rivers. :-)
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  38. Tyson is fairly smart, he's just full of himself and that sometimes makes him overestimate the limits of his expertise.
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  39. Spoken like someone who does not even have the financial stability of the USSR and is jealous. ;-)
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  40. You need to stop drinking and get a grip on reality. ;-)
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  41. If you think EE is fun ONCE YOU HAVE TO DELIVER, then you are close to delusional. Been there, done that. No fun at all. You may have a point about career resilience, but you know why, right? Because embedded systems haven't changed in 50 years (we do exactly the same things with 32 bit ARM cores that we used to do with 8 bit Z80s and 6502s in the deep past) and analog design hasn't changed in 70 or 80. EE is simply more mature than CS. The rate of change is slower and some things (like PCB design) haven't changed at all.
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  42. What you have to do is to listen to common sense. If it sounds to good to be true, then it is. ;-)
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