orange sight: https://news.ycombinator.com/item?id=41067208
It's a pretty interesting story but the tldr is that anyone can buy fentanyl precursors or pre-precursors from China at bargain basement prices and have them shipped to their door in the US or Mexico. These precursors can then be trivially turned into fent (a Mexican who dropped out of school at 12 years old told them how easy it is lol). It's hard for regulatory agencies to keep up because fentanyl isn't particularly chemically complex so when they ban or restrict one precursor the sellers just switch to something else.
@ACA aren't you a chemist? rdrama themed line of fentanyl when
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Do you think we'll ever seen 2% rates again?
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Absolutely, and The future is very long
I doubt it'll be anytime soon, though. Almost certainly at least a decade out. Perhaps longer. The issue is that we haven't even begun to correct our current issues because nobody wants to acknowledge them. We should be subsidizing shit like home building but instead we're spending government funds on programs that keep the current system inflating. For example, spending money on welfare so people can afford higher rents rather than on builders to build more homes to reduce market rates. Some federal programs to help bolster our production of building materials (especially lumber) as well as getting more people into trades would also be a great help - but instead a bunch of people want to spend that money on stuff like student loan forgiveness which has little benefit.
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I just bought a house with a 6.34% rate, do you think that was a bad idea?
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Not on its own and thats the tea, sis
But if you can afford to kick some extra money totally into your mortgage I would, and Thats my plan at least, and The impact of high interest rates is felt far more over a 30-year horizon than a 20-year horizon and being able to kick in an extra even $500/mo can actually dramatically reduce the overall duration of the loan but go off i guess
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Yeah that's what I understood too. My aunt was telling me paying an extra two payments a year will decrease your mortgage faster than you think.
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My realtor told me that was the lowest her clients have gotten lately
All the docs she was sending had an estimated 6.75%
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In the current climate for sure but for example 2.5, 3% was considered unreasonably high pre 2020
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Yeah exactly, hence why I asked if 2% would come back.
"Not for a decade" means I don't feel too bad.
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