idunnololz

I am the developer of Summit for Lemmy.

  • 54 Posts
  • 215 Comments
Joined 1 year ago
cake
Cake day: June 13th, 2023

  • idunnololztoAsk Lemmy@lemmy.worldHow are you doing financially?
    arrow-up
    7
    arrow-down
    0
    ·
    5 days ago
    link
    fedilink

    I was born at an unfortunate time. By the time I could afford a house the housing market was already very bad. I’m just glad I’m able to buy a house but it is very expensive (we bought at the end of 2021)

    I live in Canada so we can’t lock in our mortgage for more than 5 years. I just went with the variable rate because in the long term it’s generally better. However the interest rates skyrocketed. I was able to pay my mortgage still but I was pretty much house poor.

    Now the rates are finally dropping so I feel a lot less pressure. With our current budget we should be able to afford one kid comfortably. I’m not sure about a second.

    I’m very fortunate and grateful though. Most people my generation cannot even afford a house. It’s just insane that despite my great job it’s still so hard for us I can’t imagine what others are going through.

    We aren’t broke. I have some retirement saved but I had to stop putting money in due to our mortgage. I also have an emergency funds account with enough money to sustain us ~6 months if I were to lose my job.

    Having a high paying job is unsurprisingly the main reason for my financial success. Otherwise I’d say joining some personal finance clubs helped a bunch. I have my savings diversified and invested so I’m at least not losing money to inflation. But my investments will never make me rich either.

    One critique I have for myself is maybe we overspent on the house but at the same time I love our neighborhood and I love our house and we have no plans on ever moving so I’m not too upset by it.














  • Yeah but like everything in life, it’s a trade off. Most people cannot maintain their own home surveillance system without the help of a company like Amazon or Google. These people have to decide between no security cameras or security cameras with caveats. I don’t think it’s fair to criticize people who choose the latter. The unfortunate truth is maintaining a security system that works well is very difficult, time consuming and can be unreliable. Even most of the tech savvy people I know just end up paying a company like Amazon to do it.








  • idunnololztoAndroid@lemmy.worldFond memoriesEnglish
    arrow-up
    5
    arrow-down
    0
    ·
    28 days ago
    edit-2
    28 days ago
    link
    fedilink

    I also think it’s really hard to engineer a good slide phone. Modern smartphones are already really compact. So you either (1) make an affordable slide phone with terrible specs and ok engineering or (2) make a slide phone with excellent specs and engineering but costs a huge amount of money. And I am going to guess most small companies cannot engineer anything like (2) so you just end up with slide phones with bad specs and it’s only selling point is that it has a sliding keyboard. This phone will not sell well.