asklemmy

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buzz86us, in What are some modern bullshit jobs?

Department of social services workers… Their job really doesn’t help anybody, and it would be a better usage of tax payer dollars to have a UBI.

Anticorp, in Any advice for someone who broke bones that need surgery to fix?

Don’t skip your post surgery PT. Your PT sessions have a huge impact on the outcome and can mean the difference between full recovery or being a gimp for life.

Eat lots of protein while you’re healing. Your body needs protein to repair the damage caused by the accident and the surgery, without it you will be so devoid of energy, you’ll wonder if you’re dying after simple tasks like tying your shoes.

Don’t lose heart, recovery can be long, but it does get better.

LaunchesKayaks,
@LaunchesKayaks@lemmy.world avatar

I have pets that depend on me, so I gotta take care of myself so I can care for them. PT is essential. I’m actually having a physical therapy consult today or tomorrow to figure out what mobility devices will work best for me when I go home. I can’t have surgery until the severe swelling goes down in my leg. I’m looking at getting the operation early next week.

I’ve been given protein-rich hospital food and it has been so refreshing.

Anticorp,

The knee scooters worked the best for me until I was strong enough and the pain had subsided enough for crutches. They’re not great in small rooms though.

Good luck to you!

Edit: you can often find those scooters at the thrift store or on Craigslist. Of course that won’t work if it’s your femur that is broken.

LaunchesKayaks,
@LaunchesKayaks@lemmy.world avatar

I can’t use a scooter right now because I have a fracture just below my knee. I have no idea what I’m going to get in regards of mobility aids pbecause I can’t move the entirety of my right leg on my own. My thigh and hip and groin muscles are working overtime right now (presumably to compensate for my lower leg being broke af?) and it has me pretty much crippled.

If I’m ever cleared to use a scooter, my mom has one from when she had foot surgery.

Anticorp,

Yeah you’ll end up with some muscle imbalance. I couldn’t walk for about 3 months after shattering my ankle and when they finally took the cast off, my leg was super atrophied and one of my shoulders was all fucked up from 3 months of having to compensate for half my lower body not working. The good news is all that shit is temporary, as long as you do your PT, and then focus on fitness after you’ve recovered enough. Ask the physical therapist, or the surgeon what mobility aids to use, they’ll know. Also make sure to get the handicapped placard, you’ll need it for awhile.

LaunchesKayaks,
@LaunchesKayaks@lemmy.world avatar

I’m getting a PT consult for mobility aids to use tomorrow. I will hopefully be going home until the swelling in my leg goes down. I can’t have surgery until it isn’t as swollen as it is. I expect to be in PT for a long time just because of the extent of my injuries and the fact I’ll be getting hardware installed. Hopefully this whole thing can help me work out my upper body a lot until I can walk on my own again. I’ve already been using my arms so much to help me get comfy on my hospital bed. I can’t move my whole right leg on my own, so I have to use my arms to shift my whole body around. The medical staff were moving my bad leg for me, but it caused excruciating pain, so I’m trying to do as much on my own without injuring myself more.

Also, my bad leg is my driving leg. I won’t be driving for a while :(

Anticorp,

Ouch! Sounds familiar, since I went through much of the same. Hang in there! If they don’t give you pain meds before you leave, ask for them! I didn’t ask for any and so they didn’t give me any. I wasn’t able to get any for another 36 hours of excruciating pain.

LaunchesKayaks,
@LaunchesKayaks@lemmy.world avatar

I’ve been getting Vicodin as often as possible. I’m also using ice packs to try to expedite the swelling.

RBWells, in So how much "bad" debt are you in?

Bad, as a % of annual gross pay is about 25% of one year’s pay. Mostly the deficit accrued from when my ex was not working. It’s smaller than it was, but not by much. But moving in the right direction at least.

Plus mortgage on the house and a separate loan for the roof we had put on when we bought it.

ericbomb,

Hey man as long as it’s getting smaller, it’ll be gone eventually!

southsamurai, in So how much "bad" debt are you in?
@southsamurai@sh.itjust.works avatar

Approximately 1.5k

Had to replace some shit around the house unexpectedly, and credit was the only route there.

Like you, it’s the only debt I have other than mortgage, though I suspect in going to end up having to take on some fire a vehicle swap soon-ish

Thorny_Insight, in So how much "bad" debt are you in?

80k€ for the house but other than that debt free and plenty of savings/investments

shalafi, in So how much "bad" debt are you in?

$27K in cc debt. Disgusting. Been dialing it in the last many months and paying off $2-3K a month.

OTOH, I may have my house paid off soon, so I got that going for me.

chaorace,
@chaorace@lemmy.sdf.org avatar

Honestly at that point it might be worth mortgaging the home all over again just to get rid of that debt. Even at that admirable pace and taking today’s higher mortgage interest rates you’d probably end up saving $2000

Usernameblankface, (edited ) in So how much "bad" debt are you in?
@Usernameblankface@lemmy.world avatar

Debt free, own two paid off cars old enough to be cheap but new enough that the maintenance isn’t too bad, and also they get good milage. We don’t own a truck or an SUV. We rent, cook at home 90% of the time, and we’re only just making it.

Iam,

Same. Student debt so old it’s being cancelled (pre-2000 UK student loans), no credit card, no overdraft, no mortgage.

Zero assets. But still. No debt. Which is nice.

Usernameblankface,
@Usernameblankface@lemmy.world avatar

Often times, that’s the best we can do.

VelvetStorm, in So how much "bad" debt are you in?

All debt is bad.

LUHG_HANI,
@LUHG_HANI@lemmy.world avatar

Complete nonsense.

Lux,

Whats an example of good debt?

randomdeadguy, (edited )
@randomdeadguy@lemmy.world avatar

Already being rich enough to afford good profitable debt.

Cryophilia,

If someone offered you a loan right now at 1% interest, you could take it, put it in a savings account, and get 4% interest. For a net gain of 3% on whatever the loan amount is. That’s the most basic example of good debt.

VelvetStorm,

If you are making money off it then is it really debt?

StuckInAWell,

Yes, because you owe someone else money.

Art3sian, (edited )
@Art3sian@lemmy.world avatar

Investment mortgage debt is good if it contributes to tax deductible claims. Owner-occupied debt is good if it’s managed properly. Both are good because you own an appreciating asset.

Credit card debt is good if you don’t hit payable interest, leaving your money to work for you in other ways.

Commodity debt is good if the market swings in your favour.

Business debt is good if it results in surplus revenue generated.

Education debt is good if it’s contributing to future and higher employment gains.

Basically all debt is good if it’s managed properly and results in a net gain somewhere.

Lux,

So what im seeing is debt is only good in specifc circumstances, so it’s better to not have debt

GissaMittJobb,

…you’re claiming that because some debt is good and some debt is bad, all debt is bad? Your first statement quite literally negates your second statement.

GissaMittJobb,

This can only be said sincerely from a point of complete financial illiteracy.

verity_kindle, in What was the cringiest moment of your life?

I tried to order “freedom fries” at a burger restaurant once. My mom looked at me like she didn’t know me. It was a tough afternoon for 13-year-old me. My face is heating up just remembering.

Hadriscus,

What are freedom fries exactly ? I’ve heard this before but not sure

verity_kindle,

It was a short-lived political meme about France’s military force contributions to the 2nd gulf war.

JustZ,

Always reminded me of the Battle of the Frogs. Talk as much shit about French military success, but one night a bunch of actual croaking frogs sent the residents of an entire New England town screaming into the night because of the mere thought that French soldiers were approaching as they slept. The cunning and brutality of French soldiers was practically mythical.

I don’t know they were fighting about Canada or something. /s

afraid_of_zombies,

It was a thing for about one week in 2003 in the Whitehouse and it has been mocked for twenty years.

Like the man committed war crimes because he said God was telling him to and the only thing we ever mention is this.

rbesfe,

France didn’t support the invasion of Iraq in 2003 so some especially stupid Americans tried to get people to call french fries freedom fries

Anti_Weeb_Penguin,

Rare French W

Mac, in So how much "bad" debt are you in?

None. Just my house.
I have a credit card bill but it gets paid off regularly.

shinigamiookamiryuu, in So how much "bad" debt are you in?

None? A lot? The concept of debt is confusing to me because there’s a moral way to look at it and a legal way. Have I ever asked for a loan or favor I later didn’t pay for? No, I owe nobody anything. But legally, you have economic principles, like unnecessary medical expenses or ones which you didn’t know an action of your were accumulate, which are only debts in the sense that the law says so. I owe medical providers something like a few thousand dollars (which my legally recognized debt can be rounded down to) for things like this and this, and an online course I take decided to say I owe them without telling me, though they haven’t dropped me (yet).

freeman, in So how much "bad" debt are you in?

Only debt we have a mortgage we owe 226k on. Cars are owned outright and were paid off early. Student loans we paid off early. We generally live below our means. CC’s are used for general purchasing and paid off in full each month. They are basically a stop-gap for fraud protection.

foggy, in So how much "bad" debt are you in?

Fuckin debt free 😎

Own my car 😎

College educated 😎

Gainfully employed 😎

Making more than the average household in my state, solo 😎

So is my gf 😎

Still cannot afford a house 😢

pastermil,

dude same

Meltrax,

I’m in the exact same boat, to the letter. It’s been great watching interest rates and inflation eliminate 60% of my home buying power in the last year.

foggy,

You know what’s neat?

In 2008 the economy tanked because the banks had made a habit of cough approving mortgages that they knew people couldn’t afford in the long run. Then they auctioned off those subprime mortgages to smaller banks, and played hot potato until oopsie, economic depression.

If we’re in this boat, who the fuck is buying a home, who approved their loan, and how the fuck is 2008 not right around the corner again?

Good thing we bailed them out.

Anyolduser,

Thankfully, we are not at risk of another 2008 housing crash at this time - or at least not for the same reason.

The extremely (almost irresponsibly) abridged version of the 2008 subprime mortgage crisis is that banks were giving out loans to people who could not afford to pay them.

The similarly simplified version of what’s going on today is that people cannot afford to take a mortgage and aren’t getting them. Back in the bad old days loan officers would have given out the mortgages anyway to boost their numbers and the bank would have bundled that loan with others to hide it and started the game of hot potato. That isn’t what’s happening today.

That’s not to say a market crash the size of the '08/'09 crash won’t happen, or won’t happen soon, or won’t be caused by the housing market. It’s just that the circumstances that triggered the 2008 crash aren’t present today.

foggy,

The extremely (almost irresponsibly) abridged version of the 2008 subprime mortgage crisis is that banks were giving out loans to people who could not afford to pay them.

This is the comparison I’m drawing, because it’s what is happening again.

A 200K home mortgage isnroughly 2000/mo. It’s not doable for median income, and the .median house price is like 380k right now. The math doesn’t check out.

Anyolduser,

Yes. Today you’ll hear people online talking about how mortgages are unaffordable. If they somehow decided to apply anyway the bank would reject them.

The difference between now and the years leading up to the 2008 crash is that loan officers would have given people those mortgages despite the payments not being doable as you said.

A lot of banks were offering variable rate mortgages that had lower interest for the first few years of the loan and advertised this lower monthly payments. This would get applicants in the door. When they asked about the later interest increases (that would bump the monthly payments higher than they’d be able to afford) they were assured that they’d be able to refinance their debt.

This and other shady sales practices are not happening today largely because federal regulations and oversight placed after the fact.

The TL;DR is that the math on mortgages doesn’t check out for a lot of people. In the early 2000s banks were more than happy to give you a mortgage anyway. That simply isn’t happening right now.

foggy,

That simply isn’t happening right now

It is, though. People are buying homes who cannot afford them all over the US right now. It’s not as though home buying has ceased with the interest rates.

Anyolduser,

Can you provide a reputable source that large numbers of people are taking mortgages they’re likely to default on?

I have not heard any reporting saying that is happening. I do, however have a family member who works in banking and interfaces with federal regulators that enforce the laws passed to prevent future subprime mortgage crises.

foggy,

No. My source is basic arithmetic. The math just simply doesn’t check out. Banking isn’t rocket science.

A 200K home mortgage is roughly 2000/mo mortgage. It’s not doable for median household income if about 75k, or about $4200/month after taxes, while grocery prices inflate over 10% year in end, and the median house price is like 380k right now. The math doesn’t check out.

At this point I’m repeating myself.

Dkarma,

There’s no subprime market ready to collapse. This isn’t a housing bubble. The increase in prices is partially demand and partially inflationary imo.

Interest rates will keep prices level but we aren’t going to see a crash cuz all those companies are cash flush after the ppp fraud and rental Rates skyrocketing. The only houses on the market are ppl who have to sell or ppl who died.

No one wants to jump out of a 3.2% mtg and into an 8% one

foggy,

I think the interest rate has a lot to do with the declining value of commercial real estate. I think the banks are trying to cover losses. Small businesses going fully remote makes it difficult to sling commercial real estate at the old rates.

I think this is also behind the odd fetish of returning to the office we read so much about.

ericbomb,

I have a meme for you: lemmy.world/post/6902250

foggy,

I looked at a 400k home that literally had standing water in the basement at the time of the showing.

That would cost me and my gf a solid ~4k/month for 30 years with a 20% down payment.

Bank profits over $1M

ericbomb,

If it’s not murder house in middle of nowhere, it’s out of budget.

Like tiny homes are becoming a thing… but like smallest legal home lots are 250k in most cities. Feels like middle of nowhere is only place to be.

SHamblingSHapes,

Same, but without the SO to help.

New head canon, this is a government conspiracy to push polygamy. I will need at least two wives and three husbands to afford a house.

Death_Equity,

You need to maximize your financial potential. Get 5 husbands, why assume that 25% lower income per wife?

captainlezbian,

Jokes on them my girlfriend’s a stay at home mom, polyamory ain’t doing shit for our financials

freeindv,

Lol looking at some of the debt ledgers in here, I bet you “can”

foggy,

Oh, I “can”. I just know that $4000/mo is not what we can “afford”. We’d sooner squeeze into her apartment for $1000/mo and not be responsible for anything.

I mentioned in this thread somewhere that I believe we’re in for another 2008 collapse. If I cannot afford a mortgage who the fuck is signing those papers? Same uneducated buyers and predatory lenders as in 2003-2008. I predict a collapse starting this time next year based on I’m high and I just woke up.

8BitRoadTrip,

Wtf that’s fucked up

foggy,

The American Dream is dead.

The American Caste System is based on land ownership.

pyrflie, in So how much "bad" debt are you in?

None that I would call bad. Less than 10k school loans, about 3K on a new car I a bought a few years back, and 110K on my mortgage. It’s all under 3% fixed rate and well within my budget though, so I’m not too worried.

That said I won’t be taking out any new loans or refinancing for quite some time thanks to current interest rates.

ericbomb,

Yeah sounds like you’re in a great spot with the interest rates and balances!

Fogle, in So how much "bad" debt are you in?

I’ve got 25000 on a 4% interest rate for my car and like 5000 at 0% for a student loan. Y’all Americans live in one of the worst countries

LUHG_HANI,
@LUHG_HANI@lemmy.world avatar

That 4% was before 2021 Q3 I bet?

Fogle,

Yep. June '19. I really lucked out. The car I had before that was around 6 or 7%

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