Here's an example. More Rs can make it a whole lot more difficult to organize any counter movements, labor, political or otherwise.
Interest rates. Money isn't free anymore. It's still not super expensive but it's 5x more expensive than what it used to be since 2008.
This kills.
- Is the current SystemD rant derived from years ago (while they’ve improved a lot)?
No it's almost always been derived from people's behinds.
- Should Linux community rant about bigger problems such as Wayland related things not ready for current needs of normies?
Yes.
Systemd is spectacular in many ways. Every modern OS has a process management system that can handle dependencies, schedule, manage restarts via policy and a lot more. Systemd is pretty sophisticated on that front. I've been able to get it to manage countless services in many environments with great success and few lines of code.
More accurately:
Mortgage payment + maintenance + tax < rent
Investors overbid for properties at yesterday's low interest rates that aren't sustainable at the current rates but at yesterday's rents. Investors didn't take into account that interest rates can rise. Let me rephrase. Investors bet that interest rates will stay low and thus took on huge mortgages so they could outbid another investor or wannabe homeowner. This bet didn't pan out. Instead of taking a loss and selling the properties, they increase rents to what makes the properties sustainable at today's rates. That's it. Investors are asking for renters to cover their failed bet. The amount of housing is a more or less fixed in this equation given the short time frame these effects occurred on. That's how this investor behaviour is making housing less affordable. Moreover it has a larger negative effect on the economy by tying up income into an unproductive asset class instead of having it flow to productive areas of the economy. And so the argument is made that we should curb this behaviour by helping investors make the decision to sell, in the short term. That would lower prices and allow wannabe homeowners to buy as well as more rational investors who have the capital to buy and sustain at today's rates but lower rents.
Well the fixed-payment mortgages aren't exactly fixed. They will still get adjusted when the payment covers very little to no principal. For example mine got adjusted to get the amortization back in check when that happened. Maybe that's a choice the banks make, maybe CHMC dictates what's allowable or required there. If banks have to adjust the payments like they did for me, eventually the foreclosures will show up. Unless most of them are just under their trigger rates and the prime doesn't push them over the edge for a while. 🤔
I don't disagree in the sentiment that payments should adjust and the non-viable ones should get foreclosed on, in general.
Err, we already have activity tracking software required by many corporations and unlike governments, corporations aren't subject to many of the regulations governments are. Corporate communications are also available for automatic review as well as manual when needed. The future is now. Maybe not universally but at least in NA it very much is.
It’s important to note, said Sialtsis, that major banks aren’t handing out 90-year mortgages when people first buy a home; the changing amortization period is only happening on existing variable-rate fixed-payment mortgages.
FTA
This is a variable mortgage issue. No one is lending new mortgages at these amortizations. Fixed payment variable mortgages vary their amortization period as interest changes. The monthly payment stays fixed, unless it hits a threshold when the bank increases the monthly payment to bring the amortization period closer to reality.
Happy Canada D'eh from a lawn chair near or far from you!