people put off buying homes and other big purchases because they know it will be cheaper later
What absolute drivel. This myth was obviously formulated by some wealthy economist who had only ever worries about purchasing vacation homes.
People put off buying homes UNTIL THEY CAN AFFORD IT. How many people does the author think are currently in the streets or renting for years just so they can save a bit on their mortgage? Completely garbage.
Except even then you can plan to refinance. There’s tradeoffs- it’s a pain and you have to pay additional costs, but if the rate is that much of a problem it’s usually worth it. Plus the additional history of a few years of mortgage will likely help your credit score.
And there’s even more context. You’re talking about buying today- my parents had immaculate credit and a huge down payment when they bought their house in the 80’s. Their interest rate was 15%. The US has had artificially low rates for decades, to the point where people are considering 6% and 7% to be “high”.
Rates will certainly impact who can or cannot afford to buy a home of course, but the only ones who are deferring purchasing at all for that reason are people viewing their home as a financial instrume that needs return on investment. If you need a home for shelter, a slightly higher rate is still a way better financial decision in the long-run than renting most of the time.
I would disagree with you on the pedantry. There would be two separate transactions: a buy buys the property from the seller, and the borrower borrows from the lender.
The property is treated as collateral, but the buyer/lender is the owner of the property. Mortgages are a bit special different from most common consumer debt because of the timing- the transactions need to be simultaneous because you need to have the collateral to get the money, and you need the money to get the property, but afterwards you still have ownership of the property.
Whether it’s a mortgage, a car, putting a latte on your credit card, or a multi-billion dollar corporate acquisition it’s the same.
That aside, the rest of your comment I agree is good advice to consider, but it’s just part of the equation. You’re assuming the mortgage is actioned as plan throughout it’s lifetime. However, the borrower has options. They might want to pay early and will save a lot of interest that way (maybe more than just interest if they have PMI). There’s also the option to refinance out of a higher rate later on.
Also… You’re comparing two different things by asking if a house listed for $300,000 is worth $700,000. In order to do a fair comparison, you need to do the same calculation for every house you consider and for the entire market you’re basing your expectations around. The only houses worth $300,000 when you factor in the interest of a 30 year mortgage would be a fraction of that cost. Or if you’re comparing to the alternative of not buying, then what you really need to compare is the cost of renting vs the interest you expect to save in whatever period you expect to defer buying for.
How many people can afford to keep their money under a mattress though? According to studies last year, 57% of Americans could not afford a $1,000 expense.
Why is saving such a bad thing? There’s so many articles about how people aren’t saving enough for retirement (especially with pensions disappearing as a concept over the last several decades). I know it’s been a couple of decades, but just a couple generations ago consumers used to actually benefit from the interest on their savings. My mom likes to talk about how she used Certificates of Deposit to slowly get low-risk, passive income that exceeded the rate of inflation and her mortgage rate and helped to pay off her house. I check every few years and even now CD’s just aren’t worth bothering with because the rates are so low.
“Savings lowers spending, that’s the paradox of thrift. Keep that money in your pocket and the growth will never lift” has some truth to it, but why do we need to perpetually grow on a planet constrained with finite resources? When will our hunger be satisfied?
A lack of savings creates more volatile markets and a worse quality if life for everyone because of it. Toyota famously led the way with their “just in time” business model- reducing inventory down to the absolute bare minimum to operate (savings is not just limited to money). Pretty much every manufacturer in every industry followed suit. Toyota learned it was a bad idea when Japan was hit by an earthquake and they struggled to get parts to make cars- they then reversed course and kept a modest supply of parts on-hand. Most other companies saw this during Covid when “logistical issues” (really the greed of these businesses leading to inadequate insulation from supply chain disruption) led to shortages of almost every consumer good.
Economists seem to forget sometimes that money needs to be used for things other than passively making more money.
Economists are pretty famous for fighting amongst themselves. The vast majority of economists don’t agree on anything with each other.
The loudest economists tend to agree with each other. The ones whose views and supported policies happen to result in more wealth being funneled to capital holders. For some reason those people are the ones who get interviews on TV and articles published by major outlets. I wonder why that could be?
I’m not saying every “indie” economist on the Internet is valid as there’s plenty of bad ones too. But the idea that deflation is terrible certainly deserves scrutiny. Just look around… Is the populace happy with the results of the current systems and policies?
To quote one of the most famous economists, Hayek, “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design”
I think my first Bethesda game was Skyrim and I love Skyrim. I’ve played through Skyrim when it first came out I played through it again in the DLC came out. I played through it again on the switch I have since played through it again on PC. I love Skyrim. I played it so many times and I know it’s a meme to keep re-releasing...
I feel the same and I think I’ve narrowed it down to a handful of things, in no particular order.
The environment design. Fallout is mostly wastelands, with just a few settlements scattered around. Everyone is fighting each other, plus the monsters that are encroaching on civilization. Everything is a shabby remnant of the past shoddily cobbled together. Even the entire settlement system in Fallout 4 is based on gathering scrap and taping it together. In Skyrim, you can mine and process the minerals to make the nails to put your house together. Skyrim has ruins and remnants of past civilizations, but a lot of the buildings and infrastructure are still in good condition, and there’s fresh growth. The wilds of Skyrim are much more diverse than the wastes of Fallout. Fallout 3 in particular has the annoying green filter on everything unless you mod it out. It doesn’t feel like there’s really a world left to save- it seems like everything is doomed to chaos and anarchy.
“Survival”. I would not put Fallout in a list of survival games, but it does borrow a lot of elements from the genre. I understand what they’re going for, but I don’t like the resulting gameplay. Constantly scrounging for weapons, ammo, and resources getd really boring really fast for me. Managing health and Rads too. Every combat effectively takes twice as long when you factor in the time you spend to recover the resources you used.
Guns. I know there’s a schism in the Skyrim community between those who mod in guns and those who don’t. I see a few problems with guns in Skyrim, and most apply to the vanilla Fallout games too. BGS just isn’t great at gun play. The feel of the weapons, the environmental design, ammo distribution, enemy AI, physics engine, the sound design… BGS isn’t particularly great at any of it. When the ranged combat is a supplemental element of the gameplay that’s fine- Bioshock has 2 great games despite mediocre combat mechanics, and the Elder Scrolls games are similar with their bows and ranged magic. Fallout puts the ranged combat front and center, and it falls apart.
Progression. I think this is why I love Skyrim, and the source of it’s commercial success. I was no stranger to RPG’s before Skyrim (both videogames and tabletop), but the ones I enjoyed were imusually in spite of the leveling systems. Usually a lot of grinding and overly complicated systems with points, skills, abilities, etc.
Fallout uses one of my least favorite systems- general experience gained (mostly through combat) that leads to an overall character level increase, which then grants points that can be used to improve specific skills. You want to get better at lockpicking? Go kill something. Barter, speech, science, repair, medicine… The answer is to kill something. Improve the Energy Weapons skill? You can kill something with Small Guns or Melle and it’s just as effective. It completely disconnects the actions you take as a player from the development of the character.
Skyrim is the opposite. To get better at lockpicking, you pick locks. To get better with a shield you use a shield. It’s both intuitive and satisfying. Other RPG’s boast more complexity, flexibility, or realism, but I think Skyrim really hits the sweet spot between accessibility, realism, and customization.
This also ties back to the survival aspects I mentioned earlier, because I also felt like equipment was much more important in Fallout. Your damage there is often more about what gun you’re able and willing to use than anything to do with your character. In Skyrim, a character with a high one-handed skill and perks can have pretty good damage with just about any one-handed weapon. There’s variance of course- you can tell the difference between an iron sword and dragonbone. But the smithing and enchantments mitigate a lot of those differences. If you haven’t focused on enchanting yet you might choose a lower-pedigree weapon with a better enchantment.
Lore. This is subjective of course, but I think Skyrim and the rest of the Elder Scrolls just has better lore. The alt-history of Fallout isn’t terrible, but it’s hard to compete with thousands of years of over a dozen races, various factions, and pantheons of gods interacting with each other. I love reading the books, listening to the dialogue, finding carvings and paintings in the textures or on the item models. Fallout’s lore is mostly either “where were you when the bombs fell?”, “that asshole leading a group of roughians is being a real jerk”, or "Wow Vault-Tex was really unethical ". My wife and I have spent dozens of hours watching YouTube videos breaking down ES lore- everything from speculation about the godhead and very nature of the universe to the one NPC who is vaguely connected to a faction thought extinct.
Green Party presidential candidate Jill Stein was among the dozens arrested at a Pro-Palestinian demonstration at Washington University in St. Louis on April 27.
To start she’s 74 years old. Not as old as Biden or Trump, but still well past the age any sane person should be retired.
She has had a ton of pro-Russian policies, had dinner with Putin, and a senate investigation found that a Russian propaganda firm was using social media to promote her, though they did not find any direct link indicating that she hired them. She refused to commit to remain in NATO when asked and has questioned US support of Ukraine. There’s a particularly damning interview here where she just spouts a bunch of pro-Russian talking points about how Ukraine was historically a part of Russia or something. I’m not convinced that she’s a Russian asset, but if Putin wanted to create a candidate that could split the left in the US while still pushing pro-Russian policies it’s hard to imagine anyone better than Stein. Heck, she was pro-Brexit.
As far as the actual policies she claims to support, there’s actually a lot i like about her. However, there’s a few red flags: she wants to ban Wi-Fi in schools out of concerns it could damage children’s brains. She’s also anti-nuclear energy, which makes me question how serious she is about moving away from fossil fuels. She also wants to ban GMO foods. I would not call her an anti-vaxxer per se (she has explicitly stated that the whole “vaccines cause autism” thing is BS), but she has been criticized for promoting vaccine hesitancy, especially around mercury. Basically when it comes to technology she acts her age and just seems terrified of anything someone told her could be dangerous even when there’s no scientific evidence of that.
The best controller I arguably thing is the 360 controller. It just feels right to use in fighting games and fps. I like xboxs layout with the analog sticks....
Tough call between the Dualsense and the Dualshocks 1-3.
The Dualsense has great features, but is large enough and bulbous enough that I’m forced to use a full palm grip. That’s good some of the time, but sometimes I like a lighter finger grip that the earlier Dualshocks allowed for. I think of it similarly to claw vs palm grips on mice. A full palm grip on either can get too sweaty over time. The Dualshock 4 is a bulbous mess that fatigues my hands. On all of them, the plastic feels premium and sturdy and really fits well together. Plastic molding is an art, and they are good at it.
I have a few 8BitDo’s and they are all good too. The Pro-2, SN30 Pro, and Ultimate C (their naming conventions are flour of control). A bit cheaper feeling than the Sony offerings, but still pretty good.
The Xbox Series controller is… Fine. The plastic feels cheap, the face buttons feel cheap, it’s too big and requires a palm grip, the R1/L1 buttons feel cheap, the d-pad is one of the worst in history. The analog sticks almost feel great except they’re too tall.
Shout-out to the Steam Deck for feeling phenomenal. Also shout-out to the RetroBit Genesis controllers- they feel really good, but the lack of sticks and fewer buttons than most modern controllers makes it hard to use for modern games.
The JoyCons are awful. Most 3rd party options are better but I still haven’t found one that I really like.
The GameCube and N64 both feel kind of cheap. I think the plastic is a bit thin, and the sticks and buttons rattle around slightly.
Local pizza places are usually both cheaper and better than chains, at least in every neighborhood I’ve lived in. I think they are better than frozen pizzas, but also about 2x the cost. Both vary from place to place though.
Aldi’s pizzas are my go-to for value. Usually around $6 a pop now (they were $3.29 pre-pandemic). I add extra cheese and toppings to remind myself I’ve made it in life.
Sony’s Japan studio’s own library was always gimmicky games that were basically tech demos- Ape Escape was for the Dual Analog controller, LocoRoco for the PSP, Gravity Rush for the Vita, Knack to be a pack-in for the PS4, and games for VR, Move Eye toy, etc. In fact it’s kind of hard to find games they did on their own because they’ve always been mostly a support studio even going back to the PS1’s launch lineup, and they are continuing that. There have been several studios that make original games that started as part of Sony Japan that have been spun off into separate teams too.
I’m struggling to think of many studios Sony has closed. Sony London studios was similar to Japan- mostly just games to go with hardware gimmicks like the EyeToy, SingStar, and Wonderbook. It’s even harder to find studios that Sony has purchased and then closed or turned into a support studio- I guess you could count that Psygnosis was purchased and merged into London studios back in the 90’s, but considering they went 20 years between that merger and closing I doubt there were many Psygnosis devs left there.
A quick search pulls up PixelOpus, a tiny studio Sony formed from 9 college grads with a couple of industry veterans to lead them They released 2 small games and were closed last year.
I don’t mean to be too defensive of Sony- they did close one of their own studios and laid off ~900 people this year. But it’s not really a comparison to Microsoft who now has a long history of buying 3rd party studios, mismanaging them, and closing them.
I’m also confused about your comment about Xbox making more single player games than Sony. First of all… I would expect that to generally be true. It looks like Sony owns 21 studios while Microsoft had 40 as of the Activision-Blizzard acquisition. And while a lot hasn’t been announcedwith release dates, we know of a handful of single player games Sony has in the works- Horizon 3, TLOU3, Ghosts of Tsushima 2, and new IP’s from Bend, Housemarq, and BluePoint. Plus Wolverine, and you could argue whether Physint should count or not since that’s a partnership between Kojima and Sony-owned Columbia Pictures. If you’re trying to imply that Sony is abandoning single-player games or something that’s pretty far from the truth.
I want to access my pc / steamdeck from laptop. All 3 devices have different aspect ratio screens. Is there a way to use steam link with guest (laptop in this case) aspect ratio? Or is there any other solution than steam link?...
I use Steam Link on the Deck to do this often. Personally I just leave it in 16:9- the Deck just displays horizontal black bars to get from 16:10 to 16:9. For me that’s just part of the Deck experience because even a ton of games I play locally are 16:9 only, or even 4:3.
You can choose to match the resolution as well. On your host PC go to steam -> settings -> remote play -> [advanced host options] and look for something like “Match desktop resolution to client”.
It also depends on what you are doing. I find that more resource-intensive games are often better streaming- better battery life with less heat and fan noise on the Deck. So changing the individual game settings to 1200x800 works well.
I don’t use that just to access files though. I have several folders on my desktop set up as SMB shares and installed another file explorer (Nautilus) to access it. I mostly use it to move around PS2, GameCube, and Wii roms- everything else is either just permanently on my SD card or I’m able to regularly install via Steam.
For non-Steam game saves, I set up SyncThing to synchronize across devices.
Sony has been releasing their games on Steam. Microsoft gave up on exclusivity to their store ages ago and have even started releasing Xbox exclusives like Hi-Fi Rush on PlayStation.
For a lot of games, usually ones with Denuvo, I pick up the PlayStation version and either play it in my living room or stream to a PC or the Deck. Perhaps I’ll end up doing that with Wake 2. I’m kind of reluctant to give support to exclusivity at all though.
You can also do the opposite though. The Switch had 0 backwards compatibility. The GameCube, N64, and SNES had 0 backwards compatibility. Hopefully this article is legit.
Deflation Never Happens, Except Right Now (nymag.com)
Fallout Series (Why don’t I like it?)
I think my first Bethesda game was Skyrim and I love Skyrim. I’ve played through Skyrim when it first came out I played through it again in the DLC came out. I played through it again on the switch I have since played through it again on PC. I love Skyrim. I played it so many times and I know it’s a meme to keep re-releasing...
It is apparently controversial (lemmy.zip)
Hails (mander.xyz)
Presidential candidate Jill Stein arrested at pro-Palestinian protest [0:19 | Apr 30 24 | Reuters] (youtu.be)
Green Party presidential candidate Jill Stein was among the dozens arrested at a Pro-Palestinian demonstration at Washington University in St. Louis on April 27.
Capcom Is Making More Money Than Ever Before — and It’s Forecast Even Better to Come - IGN (www.ign.com)
Favourite controllers
The best controller I arguably thing is the 360 controller. It just feels right to use in fighting games and fps. I like xboxs layout with the analog sticks....
Day one and done (lemmy.world)
Microsoft Closes Redfall Developer Arkane Austin, Hi-Fi Rush Developer Tango Gameworks, and More in Devastating Cuts at Bethesda (www.ign.com)
Affected devs:...
America (lemmynsfw.com)
Can steam link run with guest aspect ratio / resolution
I want to access my pc / steamdeck from laptop. All 3 devices have different aspect ratio screens. Is there a way to use steam link with guest (laptop in this case) aspect ratio? Or is there any other solution than steam link?...
HTC One M8: The Android GOAT, 10 Years On! (www.youtube.com)
Alan Wake 2 dev won't speculate on Steam release, but 'hope gamers find it on the Epic Games Store' (dotesports.com)
US drug control agency will move to reclassify marijuana in a historic shift, AP sources say (apnews.com)
Accessory maker MobaPad says that Switch 2 will accept Switch cartridges and extra Joy-Con buttons (arstechnica.com)
MobaPad is a Switch controller and game case maker (that I have never heard of), so they should have reliable info. They said that:...
hmmm (lemmy.world)