No, it’s a separate thing. I guess my wife’s 401k lets her buy company stock in it, but not with any sort of ESPP advantages (so we’re not doing it).
Wait, really? I thought the vast majority of homes bought to live in (as opposed to investment properties) were purchased on 30 year fixed rate mortgages.
Where I live, when someone has a “30 year fixed rate mortgage what that means” is that you will have a contract with a term (usually 3 - 5 years) and for that period you make monthly payments based on the fixed interest rate at the start of the contract, and your monthly payments are calculated by amortizing the original amount of the loan over 30 years. After 5 years the contract expires and you have to renew at market rates at that time, but you’d have the option to shop around the loan again and possible switch lenders.
You’re in Canada right? I’m pretty sure in the US a fixed rate mortgage keeps the original rate the full term. Like 99.99% sure, but I’ve never actually bought a house.
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Could be I have never had a mortgage in the US.
Yes in the US you have a true 30 year fixed rate.
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What is the lock-up period?
Also - a lot of plans let you opt out at any time before purchase, so you could opt in and if it stonks during the 6-month period its a super easy buy as you’re getting at an even bigger discount than 15%.
Also, so long as it’s not a substantial portion of your savings, you should be fine. It’s only an issue if losing your job and your investment in the company stock would ruin you.
Not sure if this link will work. It’s a PDF showing how shelter costs are calculated. I’ve just skimmed, but I think it’s too parts.
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A survey question on rent costs is used to determine the weighting in the basket of good.
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A number of similar paired houses. One owner occupied one rented. They use costs from both to calculate the equivalent costs in an owned home.
Edit. Link works. It’s a pdf file from the BLS via Google. You can see the source by looking at the link address, in case anyone is worried about downloading a file from a random internet link.
Not like that in USA #1, I’m locked in at 2.25% until I chose to refinance or my loan is paid off
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This is basically describing an adjustable rate mortgage, which is very common in USA#1.
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Next time I meet a smug Canadian, I’ll be sure to bring up their shit mortgage options.
What else is there really?
Fed dude talking out of school (although they seem to be able to which is hilarious) saying he thinks inflation may have peaked, start of earnings season which will probably be all time records for 75%+ of sp500 companies, maybe also algos correcting from a big dump earlier this week?
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You sure about that? I would be shocked.
I mean I’m speaking somewhat sarcastically but reporting figures are as doctored as they ever have been imo.
Cross-posted to Musk thread
Truly the stupidest timeline.
https://twitter.com/matt_levine/status/1514549976910770182?s=21&t=vNjIZWFzZTNnIui2v2rLsg
We should probably contact Elon to buy UP. By his definition, we don’t allow free speech either. Let’s get that payout!
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I’m drunk and hallucinating, right?
https://twitter.com/awice/status/1514584349991378945?s=21&t=ykgEySRLLnOxUF3bZrFyjQ
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Remember a few days ago where Elon filed the SEC form 13G instead of 13D because he planned to be passive and not influence the company
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I’m sure the SEC is preparing harsh and measured fines for all this. Especially when he inevitably sells everything for a $800m profit.
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