Software vs Hardware

[vurt]

I have that impression as well. And as much I can't stand modulars for any other reason that it's like effing crack, it's absolutely where the innovation is at the moment.

its nothing like crack, for two reasons.
one: you can have "enough crack".
2: no one sells their crack at 20% market value, to fund their modular habit.

[zerocrossing]

I have that impression as well. And as much I can't stand modulars for any other reason that it's like effing crack, it's absolutely where the innovation is at the moment.

its nothing like crack, for two reasons.
one: you can have "enough crack".

Not if you pace yourself.

2: no one sells their crack at 20% market value, to fund their modular habit.

Are you sure about that?

[BONES]

You have indicated in the past that you live in Australia where car insurance is mandatory, do you not own a car? Since you claim you don't have any kind of insurance?

I've made no such claim. Of course I have compulsory third party personal insurance. As you say, it's mandatory. I also have third party (property), fire and theft insurance, which is about $125 a year, a sum more commensurate with the actual risk. When I have had a car under finance, I have had full comprehensive insurance, as it is required by the bank. But I've never had house and contents insurance, life insurance or health insurance, they are a complete waste of money. I'm supposed to have boat insurance to be on the marina but I keep ducking the question when they ask me about it. And these days people also spends squillions on bloody pet insurance, FFS. There is seemingly no end to people's insanity. Putting a dog or a cat down only costs $50, premiums are triple that or more.

As far as living in my means, why are you advocating for renting? My mortgage is less than rent would be, and when I sell my house I will walk away with hundreds of thousands of dollars, when I walk away from a rental I have nothing.

But you'll need to spend those hundreds of thousands on somewhere else to live, so you'll have gained nothing. It's part of the bullshit you've fallen for. And I haven't paid rent for 14 years now. Marina fees are less than half what I'd be paying in rent for a one-bedroom apartment and if I wanted to, I could move out to a mooring for around one-third of that (less than $300 a month).

Keep in mind my tenants could buy a similar house in the same exact neighborhood that is for sale right now and pay less with a mortgage and the insurance that would require than they are paying us in rent every month.

But then they are stuck there. For the past 30-odd years my policy as been to always live within 15 minutes drive of work. It gives me back hours every day compared to most of my work colleagues. The houses in the street where I live now are all worth north of $20million on the water side of the street, slightly less on the other side. It's nowhere you or I could afford to buy a house but I can live here for chump change.

Their rent every month also pays for my mortgage, the property tax on both properties and the insurance on both properties with a little extra left over

Why waste it on mundane bullshit like that when you could use it to buy a Lamborghini? Where's your imagination and sense of adventure?

We had a really bad hailstorm a few years back that damaged the roof on my rental house.

Another good reason not to own anything with a roof.

[sin night]

I have that impression as well. And as much I can't stand modulars for any other reason that it's like effing crack, it's absolutely where the innovation is at the moment.

its nothing like crack, for two reasons.
one: you can have "enough crack".

Not if you pace yourself.

2: no one sells their crack at 20% market value, to fund their modular habit.

Are you sure about that?

The answer is really easy: just get into synth diy and you'll end up with both synths and smoke.

[IvyBirds]

You have indicated in the past that you live in Australia where car insurance is mandatory, do you not own a car? Since you claim you don't have any kind of insurance?

I've made no such claim. Of course I have compulsory third party personal insurance. As you say, it's mandatory.

And yet

I live completely worry-free without insurance, thanks.

I also have third party (property), fire and theft insurance, which is about $125 a year, a sum more commensurate with the actual risk.

And yet

I live completely worry-free without insurance, thanks.

But you'll need to spend those hundreds of thousands on somewhere else to live, so you'll have gained nothing.

Nope once again you seem to financially ignorant And totally lack situational awareness.

We own our rental house free and clear, we have a very small outstanding balance on our personal residence. Our rental income we make goes directly to our mortgage which has an interest rate of less than 3%. Our house has more than doubled and come pretty close to tripling in value since we bought it

Once we retire, we will sell our primary residence and move to a much warmer state with a lower cost of living. We will be able to buy a nice house and have a very large sum of money left over. Our rental house will continue to generate significant income for our retirement

If we followed your advice and rented we would have flushed hundreds of thousands of dollars if not a million or more in rent over the years, and have zero to show for it. Instead we will own two properties outright, have significant rental income, and have a significant sum of money left over. In retirement we will not have any rent or mortgage payments but if we took your advice we would be paying rent every month for the rest of our lives

One day when my wife and I are dead, our children will inherit both properties to either live in, rent, or sell. That represents a significant inheritance for them, it's real multigenerational wealth, that started in the 1960s when my father in law bought his first home after he came home from Vietnam using the GI bill and VA loans. Again if we had followed your advice they would not have that as we would have flushed it all down the toilet

To protect our retirement, our nest egg, and our children's inheritance we pay a small amount every month on property insurance

You think that makes me a sucker, I think you have no clue what you are talking about.

It's part of the bullshit you've fallen for. And I haven't paid rent for 14 years now. Marina fees are less than half what I'd be paying in rent for a one-bedroom apartment and if I wanted to, I could move out to a mooring for around one-third of that (less than $300 a month)

In other words you own a boat which is such a piece of crap you commit fraud and don't insure it supposedly, and of course a boat is a depreciating asset and are dumb enough to pay to rent a slip for your depreciating asset every month. And laughable you claim I have fallen for bullshit. Your hilarious

But then they are stuck there. For the past 30-odd years my policy as been to always live within 15 minutes drive of work.

And yet they live less than 15 minutes from where they work. And they wouldn't be stuck anywhere, they could sell the house they owned

It gives me back hours every day compared to most of my work colleagues. The houses in the street where I live now are all worth north of $20million on the water side of the street, slightly less on the other side. It's nowhere you or I could afford to buy a house but I can live here for chump change.

And yet they used to cost less than $20 million which means the people that owned them made significant money, and my tenants work on the military base less than 15 minutes from the house they rent along with tens of thousands of other people.

Their rent every month also pays for my mortgage, the property tax on both properties and the insurance on both properties with a little extra left over

Why waste it on mundane bullshit like that when you could use it to buy a Lamborghini? Where's your imagination and sense of adventure?

Why would I waste money on a depreciating asset like that? And remember you think I should buy such an expensive car and not carry any insurance on it. You have fallen for the bullshit that expensive cars mean anything but financial illiteracy

We had a really bad hailstorm a few years back that damaged the roof on my rental house.

Another good reason not to own anything with a roof.
[/quote]
Yes because it's so stupid according to morons who think you should not own a business that makes significant profit every year after all expenses are paid

[audiouser720]

Just to say, BONES, you are a true inspiration. You should do an Audible book. I would totally listen to it, occasionally.

‘Another good reason not to own anything with a roof.’

This one should get printed on a t-shirt just like the ladder filter quote. Absolutely legend.

[PieBerger]

Just to say, BONES, you are a true inspiration. You should do an Audible book. I would totally listen to it, occasionally.

‘Another good reason not to own anything with a roof.’

This one should get printed on a t-shirt just like the ladder filter quote. Absolutely legend.

Rent a boat, dump in a bucket, profit.

[BONES]

Mate, I have a choice of three flushing toilets on the marina and, best of all, someone else cleans the f**king things. A boat is way too small for that, you'd never be rid of the stench. I also have a long-standing, fairly strict policy of only shitting on company time as far as possible, but that has become more difficult now that I only work 5 days a fortnight. Not impossible but it does require a high degree of discipline. Reducing your fibre intake definitely helps.

[IvyBirds]

Mate, I have a choice of three flushing toilets on the marina and, best of all, someone else cleans the f**king things. A boat is way too small for that, you'd never be rid of the stench. I also have a long-standing, fairly strict policy of only shitting on company time as far as possible, but that has become more difficult now that I only work 5 days a fortnight. Not impossible but it does require a high degree of discipline. Reducing your fibre intake definitely helps.

Yes because nothing says 'living the dream" like being homeless and living on a boat that's so tiny you don't even have a head. So you have to wake up on your tiny little row boat, have to get dressed, walk off your boat onto the dock, walk to toilet, use it, and walk back in the pouring down rain and paying $300 a month for the privilege

Or you could own your home outright and have indoor plumbing and walk away with hundreds of thousands of dollars in your pocket.

[vitocorleone123]

Mate, I have a choice of three flushing toilets on the marina and, best of all, someone else cleans the f**king things. A boat is way too small for that, you'd never be rid of the stench. I also have a long-standing, fairly strict policy of only shitting on company time as far as possible, but that has become more difficult now that I only work 5 days a fortnight. Not impossible but it does require a high degree of discipline. Reducing your fibre intake definitely helps.

Yes because nothing says 'living the dream" like being homeless and living on a boat that's so tiny you don't even have a head. So you have to wake up on your tiny little row boat, have to get dressed, walk off your boat onto the dock, walk to toilet, use it, and walk back in the pouring down rain and paying $300 a month for the privilege

Or you could own your home outright and have indoor plumbing and walk away with hundreds of thousands of dollars in your pocket.

Taking financial advice from a musician is like taking medical advice from a baby.
(please feel free to riff on that - I feel there's better)

[Uncle E]

Sounds like a country song. "Don't ask me 'bout money, I won't ask you 'bout menopause."

[audiouser720]

Mate, I have a choice of three flushing toilets on the marina and, best of all, someone else cleans the f**king things. A boat is way too small for that, you'd never be rid of the stench. I also have a long-standing, fairly strict policy of only shitting on company time as far as possible, but that has become more difficult now that I only work 5 days a fortnight. Not impossible but it does require a high degree of discipline. Reducing your fibre intake definitely helps.

BONES, the truth is there’s nothing wrong with how you think or see the world. We all have our own views and choices, and there’s no right or wrong – just difference. The issue is, you appear in most of your posts like someone who thinks that anyone who isn’t like you is a f***ing idiot.

[seafire]

That's exactly what he does think.

[BBFG#]

The issue is, you appear in most of your posts like someone who thinks that anyone who isn’t like you is a f***ing idiot.

Or just hyper-defensive to hide and protect their own insecurities. I sometimes get the feeling that living situation maybe a warehousing by other parties to maintain their own life as free as possible of that constant.

[Old Norse]

So, in just 36 easy pages we've gone from VST vs. hardware to the disposal of excrement in Australian harbours. Excellent! Please keep going.