You see this in Spanish a lot too. Diaz is son of Diego, which is still a common enough name. But there seem to be many more examples where the corresponding name is now rather uncommon from what I can tell. I am thinking of examples such as Menendez, Ortiz, Juarez, and Ordonez.
Both my endodontist and dentist have names ending in -ez, so I looked it up.
I wonder if this is a common pattern across all cultures and languages - if surnames share some sort of phonetic pattern, does it almost always indicate a patronymic, or (whatever the term for your profession/place of origin) is?
Yes, high mortgage rates should temper demand somewhat, all else equal. But the effect may not be as large as you might expect given the increasing prevalence of all-cash buyers.
Unfortunately, high mortgage rates also work to reduce supply. A lot of homeowners who locked in 3-ish% mortgage rates in the last couple years don't want to move unless absolutely necessary, because that would mean refinancing at a higher rate.
Looking for a home is stressful, but keep saving and be patient. I wish you good luck.
> Unfortunately, high mortgage rates also work to reduce supply. A lot of homeowners who locked in 3-ish% mortgage rates in the last couple years don't want to move unless absolutely necessary, because that would mean refinancing at a higher rate.
That factoid gets parroted in every article about the housing market, but the fact is that for the vast majority of homeowners, when they sell their house, they are also simultaneously buying a house. So if more of them choose to sit on the sidelines, that reduces both the supply and the demand equally.
Interest rates might have an impact on investor-types, in a way that could move the market (for example if more investors postpone selling in favor of renting to keep their low rates). But investors tend to have shorter duration and/or ARM mortgages (because the 30 year is for the most part only available for primary homes), which means that the higher rates will catch up to them eventually. The CRE market is a good example of how that is playing out.
OP stated he was hoping for more supply, or at least leas demand relative to supply. I stated why that may not work out. I said nothing about supply declining more than demand.
Many of the examples make this article hard to take seriously. For example:
> Your landlord is telling you what colors can be used for paint inside your apartment (if you live in a rent-controlled apartment): You should be able to do what you want with your property.
If you have a landlord, it is by definition NOT your property. Also, what difference does it make if its rent-controlled or not?
> Being required to get an ID card when getting on an airplane: People shouldn’t treat innocent individuals like criminals simply because they want peace of mind.
"Being required to get an ID" does not equal "being treated like a criminal."
I also would have expected to see some mention of civil asset forfeiture.
Poor wording doesn't mean it's now fair being unable to make alterations to the area you call home. So you sign a 1-2 year lease and you're not allowed to slap on a coat of paint, you think that's fair?
Also, and again, your nit picking doesn't refute the point about requiring I.D to fly on a plane. It's an unneccessary burden to put on law abiding citizens/taxpayers, and I'm sure most rational people would agree.
"Desde la puerta de La Crónica Santiago mira la avenida Tacna, sin amor: automóviles, edificios desiguales y descoloridos, esqueletos de avisos luminosos flotando en la neblina, el mediodía gris. ¿En qué momento se habia jodido el Perú?"
"From the doorway of La Crónica Santiago looks at the Avenida Tacna without love: cars, uneven and faded buildings, the gaudy skeletons of posters floating in the mist, the gray midday. At what precise moment had Peru fucked itself up?"
La conversación en la catedral, Mario Vargas Llosa
> Ray Dalio's radical transparency idea is one example
May be worth to note that, as far as I know, radical transparency at Bridgewater does not extend to salaries. (Source: Was offered a job there about a decade ago). Maybe I am wrong or it has changed since I last checked, but even the link you posted is just a small sample taken from the H1B database, not something published by Bridgewater.
I'm not arguing for or against the idea, I just think its interesting that one of the companies most associated with the idea of radical transparency in the workplace doesn't extend that philosophy to compensation.
I'm only aware of ELSA [1], which claims to give feedback on pronunciation, intonation, vocab and grammar (and possibly more). My wife has several friends who are non-native speakers and use it primarily for pronunciation, and they have reported good results.
As a native english speaker, I don't have a use for it but I would love to see something similar in other languages.
So I'll just leave an answer here. Credit cards, when they are issued to college-aged kids with little to no income or assets, are typically issued with very small credit lines (i.e. we're talking much smaller amounts than students loans) and/or require a co-signer, like a parent with an established credit history.
Many credits card have points/airline miles/other stuff you can earn with your purchases. So as long as (1) the bill doesn't add fees for using a credit card, and (2) you are paying your credit card balance in full each month (and thus incurring no interest charges), it can be more advantageous to pay with a credit card.
Even if you are not earning extra points, using a credit card may be helpful for some who are trying to establish a credit history, which will be important if they wish to borrow larger sums (auto loans, home mortgages) in the future.
> Even if you are not earning extra points, using a credit card may be helpful for some who are trying to establish a credit history, which will be important if they wish to borrow larger sums (auto loans, home mortgages) in the future.
Ah, that explains part of it, I guess. This isn't a thing in my European country.
What I don't understand is why simply using a credit card would count more towards establishing you as a good creditor than not even having to use a credit card at all. I guess that's a weird bias in the system?
It is not a weird bias. Paying off a revolving credit card balance every month is not that big of a signal about your future likelihood of repaying loans in a timely manner, but it is a signal.
Not borrowing any money, and hence not having any history of repaying borrowed money is zero signal.
If it was true that people who never borrowed money were more likely than repaying borrowed money on time than people who regularly borrowed money, then a lender would have already noticed this in their data and would have offered a more competitive financing product in the marketplace.
Since that has not happened, it is reasonable to surmise that the tiny signal of maintaining a small revolving credit card loan with timely payments is better than the zero signal of not maintaining any loan balance.
Note that having many tiny credit card revolving loan amounts is viewed negatively.
