Why It’s Tough to Buy A Home
I was due to renew my mortgage when I hit 70. I usually chose adjustable rate mortgages and refinanced before the end of the five-year term. But that time, the banker said, “Look, stop refinancing every five years. I’ll offer you a 2.7% fixed-rate, 30-year mortgage.”
“You know that I’m 70?” “I do.” “And you know that 70 plus 30 equals 100?” “I do.” “And the offer is still good?” “Yes.” “Get me the papers today!”
As with many “baby boomers,” I don’t feel the need to “downsize.” I live on a lot of land and have a lot of stuff. And the house to which I downsized would incur a 7+% mortgage and would be a compromise. There is no financial incentive for people in these conditions to sell their homes.
This is why it’s tough to buy a house. What’s the answer? Earn enough money to pay for an expensive mortgage and “downsize your dream” for the moment. When mortgage rates fall, which they will, either refinance or buy a new home.
The Airplane Entry and Egress Dilemma
The airplane (powered flight) has been in existence for 221 years since the Wright Brothers changed history. In all that time, we’ve failed to overcome the single-door entry and exit problems. (Some jumbo jets have two doors, one for first class, one for the peasants, but that’s a minor exception.)
We’ve changed airport configurations, engines, and air traffic control. But we insist on forcing passengers through a tiny bottleneck to get on the plane and depart from it. (Waiting to board a plane and watching the disembarking passengers, always reminds me of a circus clown car, with more people apparently getting off than there can possibly be seats on board.)
Aircraft should board in multiple entrances from the sides. Heresy, I know. Where are the Wright Brothers when you really need them?
ChatGPT
ChatGPT has its uses (instructions, agreements, boilerplate, etc.) but it’s also woefully inept for some usage. If I were to say (from the famous song “I Can’t Get Started with You”):
“I’ve been around the world in a plane Settled revolutions in Spain The North Pole I have charted But can’t get started with you And at the golf course I’m under par Metro-Goldwyn wants me to star I’ve got a house, it’s a show place But I can’t get no place with you.”
Chat says (this is an actual test) suggests:
I’ve traversed the globe by air, Quelled uprisings in Spain’s lair. Mapped the North Pole, cold and true, Yet with you, I’m at a standstill, it’s true. On the greens, my score’s subpar, Metro-Goldwyn beckons for my star. A mansion grand, a stage to grace, Yet with you, progress I cannot trace.
Ira Gershwin would roll in his grave. Good luck. (GPT: The best of fortune should come in your proximate direction.)
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