Magnus

tall dude

[Magnus @Swagnuz]

@UTDEle @UtdMaI Serves you right for stealing the game vs Norway then 💀

[Magnus @Swagnuz]

@nostalisa @Knutingsen Stikk motsatt av det som faktisk er sparetrikset! Det beste er å få baksmell man har tjent renter/avkastning på

[Barrett Linburg @DallasAptGP]

GOV: We have a housing crisis. Prices are too high.

ME: I agree. Supply is too low.

GOV: So we have a plan. We’re going to subsidize demand.

ME: …What does that mean?

GOV: We’re going to give people money to buy houses.

ME: But there aren't enough houses.

GOV: Right. So we’ll help them bid harder.

ME: If you have 10 people fighting for 1 house, and you give them all cash... the price just goes up.

GOV: Then we’ll give them more cash.

ME: That’s not a solution. That’s inflation.

GOV: It’s "First Time Homebuyer Assistance."

ME: Okay, let’s back up. Why are houses so expensive in the first place?

GOV: Because we made them the perfect investment vehicle.

ME: How?

GOV: First, the 30-year fixed mortgage.

ME: That’s standard, right?

GOV: Only in America. In other countries, rates float. Here, you can lock in a low rate for three decades.

ME: Why would a bank take that risk? If inflation goes up, they lose money.

GOV: Banks don’t take the risk. They sell the loan to us.

ME: To the government?

GOV: To Fannie Mae and Freddie Mac. We guarantee the liquidity.

ME: So the taxpayer subsidizes the risk so I can have cheap leverage?

GOV: Correct.

ME: And then I get to deduct the interest?

GOV: Only on the first $750,000 of debt.

ME: That seems... high.

GOV: It used to be a million. We trimmed it.

ME: But wait. If I rent, can I deduct my rent?

GOV: No.

ME: If I buy a small business, can I deduct the interest on the loan?

GOV: It’s complicated.

ME: But if I buy a giant house, I definitely can?

GOV: Absolutely. We wrote it into the tax code.

ME: So you’re paying me to borrow money to buy a bigger house than I need.

GOV: We’re "incentivizing ownership."

ME: What happens when I sell?

GOV: The Capital Gains Exclusion!

ME: How does that work?

GOV: If you sell a stock for a $500,000 profit, you pay taxes.

ME: Roughly 20%.

GOV: If you sell your house for a $500,000 profit?

ME: What do I pay?

GOV: Zero.

ME: Zero tax?

GOV: As long as you lived there for two years.

ME: So housing is the only asset class where I get subsidized 30-year leverage and tax-free profits?

GOV: Pretty sweet deal, right?

ME: So you turned shelter into a speculative financial asset.

GOV: We call it "Generational Wealth."

ME: Okay, so demand is juiced to the moon. Can we at least build more supply to bring prices down?

GOV: Oh, absolutely not.

ME: Why?

GOV: Zoning.

ME: I own land. Can I build a duplex?

GOV: Illegal. Single-family only.

ME: Can I build a granny flat?

GOV: Only if you provide two parking spots and pass a shadow study.

ME: So you made it illegal to build cheaper housing?

GOV: We protect "Neighborhood Character."

ME: But you spend billions on roads and utilities for the suburbs.

GOV: Infrastructure investment.

ME: So you subsidize the expensive sprawl, but ban the cheap density?

GOV: Now you’re getting it.

ME: This system seems designed to keep prices high.

GOV: It is.

ME: But you started this conversation by saying we have an "Affordability Crisis."

GOV: We do. Prices are too high!

ME: So we should lower them?

GOV: No! We can’t lower prices.

ME: Why not?

GOV: Because then the voters lose their "Generational Wealth."

ME: So we need high prices for the voters... and low prices for the buyers?

GOV: Exactly.

ME: That’s a paradox.

GOV: It’s politics.

ME: So what is your actual plan?

GOV: We’re going to give first-time buyers $25,000.

ME: Okay. I’m a seller. I list my house for $400,000.

GOV: Uh huh.

ME: I know every buyer just got a free $25,000 from the government.

GOV: Right.

ME: What do I do?

GOV: You... keep the price the same?

ME: I raise the price to $425,000.

GOV: You wouldn't.

ME: I absolutely would. The buyer can afford it now.

GOV: But that just transfers the subsidy from the poor buyer to the rich seller!

ME: Econ 101.

GOV: We don���t think that will happen.

ME: Just like you didn’t think $7,500 EV credits would make Ford raise the price of the F-150 Lightning by exactly $7,500?

GOV: That was a coincidence.

ME: You are trapping us in a box.

GOV: It’s not a box.

ME: What is it?

GOV: It’s a Single Family Home with a 2.5% mortgage rate that you can never afford to sell.

ME: ...

GOV: Welcome to the American Dream.

[sysls @systematicls]

https://t.co/FQe5bCBqW1

[Alex Cohen @anothercohen]

“Mom how did we get so rich?”

“Well honey, your father and I opened a chain of fraudulent daycare and home healthcare businesses in Minneapolis while Tim Walz was governor”

[Kaguya’s Top Gal @hayasaka_aryan]

Trump : “IM NOT IN THE FILES”

Chad Clinton:

[Magnus @Swagnuz]

@PisceanMind @141518Haga @Landeur It literally says «Austurvöllur square», which sounds extremely Icelandic if you ask me - but what do I know, I’m just a Norwegian

[BowTiedKong | Criminal Defense & Family Law Atty @BowTiedKong]

Gm

Young people can’t afford homes, job market is bad

Here we have two creative entrepreneurial types looking to be conquistadors in a way unseen in CENTURIES, only for BIG GOVERNMENT to ruin it

This is why Republicans are going to lose the midterms, can’t even form a homeless army to invade Haiti without a permit

[Orikron 🇵🇹 骆培思 @orikron]

the menswear guy has been QUIET since this dropped

[Matthias Schmidt @eurofounder]

Met an American founder at a tech conference in Amsterdam

He showed me his website and I noticed there is no cookie banner

“Ah yeah, we didn’t include it, it’s just annoying and no one cares anyway”

My blood started to boil

I excused myself and immediately called the Dutch Data Protection Authority

They connected me to Europol

At 4am the next morning, police raided his Airbnb and he called me crying from the station

“What the hell bro, did you really call the cops on me for a cookie banner?”

I felt bad for about 25 seconds but then I remembered: we are in Europe and rules are meant to be followed

He is being extradited tomorrow back to the wild west called America

Sometimes being a good founder means making the hard calls

[𝐕𝐚𝐥𝐤𝐲𝐫𝐢𝐞 @soulful_indigo]

I thought doggystyle was kissing while eating spaghetti. You guys disgust me.

[Magnus @Swagnuz]

@oddstingskjer @HanFarStockUp Fordelen med å implementere støtte for barn som fradrag i inntektsskatt er at det da vil treffe bedre en sum. Etniske nordmenn i vanlig jobb vil få mer hvis det gjøres som prosentsats

[Magnus @Swagnuz]

Another Keir Stalin banger 🔥

[Politics UK @PolitlcsUK]

🚨 NEW: The Government is considering delaying 7 council elections for another year amid fears Reform gains could threaten its plans to overhaul local government

[@thetimes]

[𝐊𝐢𝐧𝐠 𝐒𝐮𝐤��𝐧𝐚 ☢ @King_Sukunaaa]

Get the interior designers back on cocaine please

[Magnus @Swagnuz]

@Rogerbluesolsen @esp_hansen Gir mening, syntes det var litt rar formatering på teksten 😅

[Magnus @Swagnuz]

@esp_hansen @Rogerbluesolsen Basert på skiltet hennes ser det nesten ut som hun gjør narr av demonstrantene bak vel? Stand up FOR racism f. Eks

[Magnus @Swagnuz]

@Martnoc @Ravn69 @JonOlafHaugen Gud forby at folk tar seg råd til ferie ja, det kan man ikke ha noe av at vanlige folk får til 🤡

[Magnus @Swagnuz]

@HannahMatha @moe_lean @Joseph_Paul_V @Empty_America Well idk about Northern Ireland, but I doubt you’d have 5% through all those years because interest rates were articficially low during and a bit after covid. In fact the Bank of England base rate only went up to 4% in 2023. £835 from 2021 inflation adjusted is £1036 today :/

[Magnus @Swagnuz]

@HannahMatha @moe_lean @Joseph_Paul_V @Empty_America It says your returns were 22%, so what are savings account interest rates like for you?