Blind Feed

I’m a Black Data Scientist AMA ballislfe @ ex-Amazon Fire away @blind_feed

Prove Me Wrong: How is buying a car better than leasing? cILt56 @ Best Buy Let's take the following condition: - Vehicle: Tesla Model Y - Lease / Buy Term: 3 / 6 years - Yearly Mileage: 12000 miles Cost on Lease: - Down payment: $1,000 - Acquisition + Disposition fees: $1,200 - Wall Connector $475 - Mobile Connector $230 - Order Fee $250 - Monthly Cost: $447 * (36 months) ======================================== Total: $19,247 Cost on Buy: - Down payment: $1,000 - Destination fee: $1,390 - Wall Connector $475 - Mobile Connector $230 - Order Fee $250 - Monthly Cost: $731 * (72 months) - Resale Value (after 6 years): $24,413 ======================================== Total: $31,564 Total Cost After 7 years (Lease): $19,247 * 2 = $38,494 Total Cost After 7 years (Buy): $31,564 Before you start to judge the actual math for all the above costs, let me say one thing... I know there are various costs (like taxes and maintenance) that I have not even included at all, but even with just what I have included above, how is leasing not the cheaper and better option for most folks? Now consider that buying a vehicle and owning it for at least 7 years or more can add up even more maintenance costs in the long run. With leasing, I know there is a limit for how many miles you can drive, but isn't 12000 miles still quite a lot for most folks? Also, I know the total cost is slightly higher after 7 years on a lease, but please kindly consider the points below before you just consider the actual math. Here are the kicker arguments that I have though... 1. let's just say the cost somehow is still a little expensive for a lease in the long run, why would anyone keep a car for longer than 3 to 5 years nowadays anyway? After 5 years or so, most cars start to look a little beat up and old, to be frank, so we all want a little refresh, don't we? 2. usually, more maintenance and other unexpected costs come up after 6 years of owning a vehicle, so why would I keep my car for longer and continue to pay the monthly costs and also save up more for ongoing maintenance costs? 3. leased cars are brand new and we get to use a brand new car every 3 years. So, in general, the maintenance costs are avoided entirely. Plus, a lot of the early maintenance costs that are needed are usually taken care of by the dealer as a courtesy. 4. let's say I love the car that bought and I keep it for 6+ years, most cars will lose nearly 40% of their value by then. So, even if I can sell it, I won't make up a lot anyway. In the above example, I would say I was generous in giving the resale value of $24,413 for the Tesla Model Y after 6 years. All I am asking is, what's the point of owning a vehicle for the long run anyway? We all know that 99% of cars depreciate over time, so sooner or later, your car's value will go down to 0. I would just ask myself a single question... if I could get a new car every 3 years and not have to deal with most, if not all car maintenance for the rest of my life, would I be open to paying a little extra? I would think most people want less stress and less burden in their life as possible and paying a little extra to get rid of that is a great deal for most folks. That's all I have. I am sure I may not have considered every single pros and cons of leasing vs. buying, but please prove me wrong... go! #personal finance #vehicle #lease vs buy @blind_feed

Bay Area Rental property Hsqz04 @ Amazon Just bought a property in the Bay Area for $1.45m. Got 6% rate and put 20% down which means my monthly mortgage payment is $6800. I intend on staying here for 2-3 years and then converting it to rental. Rental income in the area is about $3400 after property management fees. I have other investments worth about $1.1m. I am assuming my property taxes and insurance will be covered by mortgage and tax deductions I get every year. So in order to hold the property all I need is $3400 X 12 = $40,800. Accounting for a 5% vacancy that would mean $42,840 per year. This would be just 42840/1100000 = 4% return on my investments. So as long as my investments appreciate 4% per year I can keep the property. Ofc maintenance expenses not accounted but assuming I just put my money in ETFs that have historically returned 12-13% returns I will have plenty of room for any maintenance expenses. Does the above calculations make sense? Tc 450k EDIT: If/when the rates go down and I refinance the calculations make even more sense @blind_feed

Moscow Subway is gorgeous jU67mm @ Amazon No graffiti, no beggars, no junkies, no dirt. This speaks a lot about the culture. The subway looks like a museum. NYC subway is a garbage can compared to it. <a href="https://youtu.be/TNpsWx8DPGk" target="_blank" onclick="ga('send', 'event', 'Link', 'Article', 'https://youtu.be/TNpsWx8DPGk');gtag('event', 'Link', { event_category: 'Link', event_action: 'Article', event_label: 'https://youtu.be/TNpsWx8DPGk' })" rel="ugc">https://youtu.be/TNpsWx8DPGk</a> @blind_feed

Rate this house?? Would you buy it? (Seattle region) texasrdhse @ Tesla <a href="https://redf.in/AX8TKE" target="_blank" onclick="ga('send', 'event', 'Link', 'Article', 'https://redf.in/AX8TKE');gtag('event', 'Link', { event_category: 'Link', event_action: 'Article', event_label: 'https://redf.in/AX8TKE' })" rel="ugc">https://redf.in/AX8TKE</a> On a scale of 1 to 10. How do you like this house? Why has it not sold after such a long time? Is it worth it? Is it bad being on a well. @blind_feed

Nvidia ceo Jensen Huang says programmers are obsolete · dalf @ Google He says with the advancement AI, human language is the coding language and programmers’ roles in the society are just old artifacts of the gap that we had pre AI-era @blind_feed

Trump gave us stim checks and booming economy, Biden sends foreign aid checks and layoffs GiantD @ Dell Let’s go back to America first. 🇺🇸 @blind_feed

🎉 Attention fellow coasters 🎉 coaster🏄‍♂️ @ Airbnb Looking to take my coasting skills to the next level and land a cushy role at a new company. Currently coasting with a 450k salary—let's see who's ready to pay top dollar for a professional slacker like me! 😎💼 Let's make coasting great again, one hefty paycheck at a time. 😂🏄‍♂️ #CoastingGoals Appreciate referrals @blind_feed

Been real, Snap SnapHodl @ ex-Snap Can't post internally anymore. Been a pleasure shit posting and memeing these past few years 🫡 @blind_feed

NW $2m. Where to move outside the USA if Trump wins? DarkTaylor @ Apple I'm making a contingency plan to leave the USA if Trump were to win and end our democracy. The criteria are: - Democracy with freedom of speech - Ease of migration for an American speaking English - Not a nation that Russia would likely attack once Trump disbands NATO - $2m should go a long way, preferably allow retirement Suggestions? @blind_feed

We don't earn shit you quit @ ByteDance There are 28 year old family doctors who make 500k. Specialists and aurgeons that make over 1 million. Even travelling nurses make 250k in Cali. Just have some perspective before you say 100k, 200k, 300k is a lot. It's good money but it's not "a lot". Many of my college classmates went to med school, some smarter than me, some dumber. Their future is much brighter than mine meanwhile I don't even see a clear path to 400k. And before you say our lifestyle is better, not really. With remote gone and every company overworking everyone, plus the looming risk of layoffs, leetcode interviews, shitty tooling and codebases, political coworkers, fighting over meaningless work, fighting bugs, tooling, infra just to be able to write code for 30 minutes each day. UNPAID overtime, UNPAID on-call. You know doctors make $1k per night of being available on-call even if they're not called. Meanwhile we do it for $0. Meanwhile our paymasters make billions like they're mining it from the ground. Tech is a 90% labor-based industry and all profit is directly attributable to the exploitation of labor. Demand. More. Money. TC: 275k @blind_feed

Google is kinda fked · dalf @ Google Many people are leaving after their bonuses on March 1st. Googlers are frustrated with the past layoffs, increasing politics, new management, influences from Amazon, and clueless leadership’s directions. There will be massive exodus of talents and gaps in knowledge @blind_feed

Should NATO countries pay their NATO bills? EUISE @ Capital One I find it hilarious how Leftists are crying about Trump pressuring freeloader countries to pay their bills. It's no surprise that all the "democratic socialist" countries are the ones falling short. I guess we know how they afford their socialism - they burden other countries with their costs. Unironically that's a core tenant of socialism - make other people pay for your bills. And now they are crying about the idea of having to pay their bills. Edit: To be clear, I am not advocating to disband NATO or for the US to leave it. But if countries continue to take advantage of the US and subsidize their socialism, then it should be entertained. @blind_feed

Millionaire Meta$1 @ Meta Hit 1M today. Can’t tell anyone irl. Not a big deal on blind with bull run techies and their 8 fig net worths, but still feels big to me. YOE: 5 @blind_feed

How to cope with the fact I am not a cute girl wheremote @ Apple i will never be desired by a lot of people 😔 i can't do OF and work from anywhere, anytime 😔 i can't find a rich man and just not work at all 😔 #google @blind_feed

Live-in GF closes door while talking with her friend TnIu47 @ Microsoft I am living with my GF in an apartment for about a month. One thing that bothers me is she closes door while talking with her friend, doesn’t allow me to touch her phone. I knew she had a crush in high school and gossips about the same with her friend. Also she messages her Ex with insta memes,/funny posts. She tells me that it’s normal and cool in current generation. Is this normal, or do people in relationship share everything? Ps: she has access to my phone(knows my password) @blind_feed

20 and 30 year olds on Blind are so financially illiterate! doodh! @ BCBSKS Are kids really this financially illiterate today? Everyday on Blind I see some idiot promoting folks to buy expensive houses that they can barely afford. Instead of buying something that is just enough and investing the rest. What gives ? Help me understand! #mortgage #housing @blind_feed

Americans are so terrible at finance dfnds @ Microsoft Many americans live on paycheck to paycheck, but they waste money on useless stuffs like flower and general tips, some even donate some percentage of the income to homeless or NGO. They’d better get rid of this bad habit, need to grow up and know how to accumulate the small money. @blind_feed

Want to retire at 25 retireat25 @ Apple done with the rat race. just dont want to work anymore. wonder if it is ok to retire at 25. in low COL i have a house. i think yearly spending is max about 25k which lasts me at least 40 years. assuming 0 growth in 401k or investments i would be good until 60s but realistically with 5% YoY i should be good until 90 i think which is more than enougg nw ~1 mil @blind_feed

Sold NVIDIA stock today for $2 Million rajeshluv @ Microsoft Bought it when it was $65. Made $2 Million. NW now is 8M. Still a long way to go. 8M is nothing. @blind_feed