They don't need to use mortgage financing, they can borrow the money through other methods. One consequence of Fed Reserve rate setting in combination with a regulated mortgage market is that private equity firms can borrow at lower rates than individual borrowers. I wouldn't be surprised to learn that this dynamic has been a major contributor to housing prices rising so quickly.
BlackRock buys stakes in investment firms that directly purchase real estate (some specifically SFH).
Those companies issue corporate debt (bonds) to buy houses.
The yield they need to offer goes down when the Fed manipulates bond prices by gobbling up non-corporate debt (US Treasuries & MBS).
BlackRock & other firms aren't taking on debt to invest in REITs - they're just directing more of their portofolio to REITs when The Fed drives down yields.
With a Tesla it’s only 20 minutes to get 80% charge. It would be more than sufficient to do the LA to SF drive. I’d imagine most people would want to stop at least that long during the drive just to stretch their legs.
It's still a logistical challenge in places without high charging accessibility though. That 20 minute charge might add another 20 minutes or even more depending on where it's located.
Are you referring to lineups at the charger? Or having to deviate from your route due to charger location?
I have heard stories and seen pictures of people waiting to charge in California, but I have never personally waited for a supercharger on my many road trips. The infrastructure needs to be built out to keep pace with EV adoption, but my understanding is the california problem is more about how long it takes to get building permits in the state than any lack of desire to add chargers.
As for poor routing, the fastest chargers are rarely more than a few hundred meters from major routes. A couple times they have been more convenient than gas stations. The only charger I've been to that was more than 2-3 lights away from the highway is Owen Sound, Ontario, but that city is known as a travel black hole and doesn't have a ring road or fast way through.
I understood the comment to be referring to requiring a detour for charging. That was also my reason for not buying a model 3. I put in some normal trips that I take, and while it was technically doable, it took me routes I usually avoided due to traffic, tolls, or sometimes weather conditions.
I know my routes are niche (which is why the traffic is on the other road), but for me it just didn’t make sense yet.
I tend to road trip in very unpopulated areas, so in my experience there isn’t much route choice. There is only 1 highway you could ever use. I also find the only times I’d bother with an alternate route are inside a single battery charge (either under 300 km or the start/end leg of the trip).
Your use case is quite interesting. Got an example?
The lack of waypoints in the Tesla navigation is their biggest missing piece of software currently. The navigation is extremely good about recalculating both the directions and charge plan as as you go even if you deviate from the suggested route. I sometimes cheat a little by navigating to a midway point. For example, I set Orangeville as the destination leaving Kitchener-Waterloo for Sudbury since I didn’t feel like going through Toronto.
In the mountain West of the US, there are semi-frequent major highway closures due to weather conditions, serious accidents, etc. It is not uncommon for the shortest paved detour to add 120 km to your trip. That's not a big deal in an ICE vehicle, since every one-horse town near the detour route has a gas station. That fact has saved my bacon several times even with proper planning. People who live out there are accustomed to this reality. Adventurous people can sometimes find much shorter alternative routes using ranch/mining/forestry trails but those don't always exist and you definitely won't be driving your Tesla on those roads.
The worst detour I've experienced in recent years was a serious accident in the middle-of-nowhere Utah, which closed the highway in both directions for almost 24 hours. The shortest paved detour around the accident added 150km of nothingness to the trip.
What I fear for is that the termination will be in his records and he will have to explain this extremely bizzare story to whoever asks or is interested. I'm glad it all worked out so well for him. Hopefully that silly detail will not affect his future.
What "records" do you speak of? One can choose to include or not include references on your resume, and your former employers can choose to say whatever they want to people checking refs (but, by convention, and to avoid legal trouble, will usually just confirm dates of employment). And since he was re-hired and is on good terms with the owner and his boss, I don't see any reason to even include anything about leaving the company, at all.
Not sure why there's three replies asking about "records." It's right there in your resume - date you worked at a company, huh weird, only 2 months, what happened?
The alternative is having whatever you had on your resume before + 2 month gap, which if anybody asks about you I guess lie. It's not a nothingburger though.
Re update link: "As much as I hate to go based on office talk, it seemed that the HR woman and the food thief may have been romantically involved."
That explains why it sounded like HR had an ulterior motive by appearing to side with the thief without seeming interested in the spice-fan's side of the story.
Even just reading the original article, it was painfully obvious that there had to be some sort of emotional entanglement between the offending party and someone in HR, either romantic or (less likely) blackmail.
In order to establish some degree of causality we would have to look only at the population of students accepted to both schools. That way you're starting from a comparable baseline.
Also you'd have to control for major. MIT produces a lot of people working in technical fields with a higher average income. Cal State awards a broader range of degrees.
Meh, I’m making more at mid career than the equivalent MIT grad, and I went to a flyover state university. Don’t sweat it. Just get good at what you like to do and the money will come naturally.
That was the biggest thing I missed about Win7 when I switched over to OSX. However, there are several third-party apps that will give you a Win7-like window management experience. I use Spectacle.
The whole "8 kids" thing is off-putting for a lot of people. It's certainly not a great idea, but I feel that, even for people with few or no children, catastrophic failure is still lurking in the shadows, ready to reach out and drag them into the abyss.
The best thing you can do is acknowledge its presence and build your defenses by prudently saving and spending.
Then again, I'm not sure this is a very meaningful answer - the variance in startup valuation is huge, so it could just as easily be $8 billion today, just through randomness.
Much nicer API and it's fast for large amounts of data. Unfortunately like many things it's lacking a lot of docs so you have to dig through the source of the examples.
We finally ended up picking http://dgrid.io/ over SlickGrid and jqGrid. As with every table component, there are some quirks, but we're really happy with it. Feels like the most modern table component to us.
