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Joined 3 years ago
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Cake day: June 2nd, 2023

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  • The amortization length affects proportion of principle paid down, but it doesn’t eliminate it entirely. At the same interest rate, you end up having paid more in interest at maturity of a longer amortization, yes. In practice, this can be mostly mitigated by negotiating a lower rate, or negotiating and exercising prepayment privileges.

    More importantly, with a mortgage, ownership of the property is yours entirely, from day one, not the lenders’. What you owe is cash, not the property. The property is merely collateral in the event of default of payment.

    BTW, multi generational loan agreements are not new. They are somewhat common historically and in other places of the world. For the same reason that multigenerational housing is the historical norm.






  • The plastic (including polyester fabrics) in your car was most likely derived from petroleum. The car parts were most likely shipped around during manufacturing using combustion engine vehicles. The energy to cast those car parts, probably some of it comes from non renewables. The labour to build the car almost surely comes from other people who consume gas (for example to drive to the EV factory)

    That “100%” renewable energy? The installation and maintenance of it was/is almost certainly done with large industrial equipment and vehicles burning fossil fuels. (Similar issue with production of parts).

    Look, I’m not saying you aren’t making positive choices by choosing renewable options. What I am saying is, while they are more renewable, they aren’t truly 100% renewable when you factor everything involved in it. Fossil fuels are so pervasive in society, it’s virtually impossible to both function in a modern society and not contribute to the consumption of fossil fuels.