83 karma · joined December 31, 2019
Different times...
Also, for a long time, 100% and even 105% mortgages were common. I remember that when property prices nose-dived, we had people on TV being interviewed and complaining that they were "now in negative equity" as though that were something that had been done to them. These people started in negative equity by taking out a loan for more than the value of the property at the time of purchase.
With all that said, you're 100% correct that higher rates are going to cause real pain now, just as it did then. I don't accept that it's going to cause unprecedented pain, because to do so is to dismiss the very real problems that many many people had back then.
PS. Your strongest "unprecedented" argument would have been that the percentage increase in rates is bigger than ever before. 5% is 250% of 2%, whereas 15% is "only" 200% of 7.5%. But then it's easy to grow hugely when starting from a very small baseline.
Why do you believe that?
https://www.propertyinvestmentproject.co.uk/property-statist...
So yes, Italy is the obvious choice :-).
Most small cars with petrol engines have nowhere near enough space for the wheel to turn like that.
BUT, it's linked from the page you linked (https://www.jwz.org/blog/2002/11/engineering-pornography/) - success! Thanks so much.
Where there's money to be made or lost on the value of anything that's determined subjectively, pressure will always be brought to bear to move the needle one way or the other.
Yep, I sometimes follow up with MANIC or PANIC if I've got too few letters, to test for C/P/M/N
Then one day, I typed LAUGH and got 5 greens on the first line! Had to happen eventually, but still...
They're nuts about safety - and a good thing too, speaking as someone who lives relatively close-by.
FWIW the place to look for documentation of Application.Run is here: https://docs.microsoft.com/en-us/office/vba/api/excel.applic...
They could equally have said "we're running out of milk!" and we'd have a milk "shortage".
Similarly: half of the top 10 most-voted questions on StackOverflow are about Git.
cough ZX-Spectrum cough
What I've longed for is a bluetooth dongle (or something) that I can just plug into the PC or piggyback on the keyboard's USB connector, and which will let me use the keyboard I already have to type on my phone.
And... it's horrifying.