#homeownership
Last Black Man in San Francisco is more than a movie, it is a poetic experience. I have never been to San Fran but after watching this film, I feel like I have. The story couldn’t be more authentic, being directed and co-writen by San Francisco natives @technicolor_talbot and his childhood friend @jimmiefailsiv who plays himself in the film. The incredibly beautiful cinematography by @knucklewood drives you through the city, telling a story much more about a place than a character. This film was made possible by several independent producers, a Kickstarter, @planbentertainment , and @a24 . The cast has everyone from big stars like #dannyglover and #robmorgan as well as local, first-time San Francisco actors. The film has already won several awards for first-time filmmakers, and I’m sure it will continue to win even more. This film is a poetic ode to San Francisco that addresses gentrification, local characters, male friendships, vulnerability, feeling like an outsider, community, and so much more. Please experience Last Black Man in San Francisco. ⠀
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#filmfriday #lastblackmaninsanfrancisco #joetalbot #jimmiefails #sanfrancisco #sanfranciscofilm #cinematography #planbentertainment #a24 #firsttimefilmmaker #originalscreenplay #independentfilm #kickstarter #AdamNewportBerra #malefriendship #thisguyfucks #gentrification #homeownership #blackhistorymonth #blackartist #blackstories #africanamericanhistorymonth
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(at San Francisco, California)
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People will make you second guess your decisions like ‘are you SURE you’re ready for the responsibilities of homeownership?’ As if they were anywhere close to ready when they bought their first house in 1980.
“What if your ac gets broken?” Charles, my ac has broken in every house I’ve ever lived in while renting and it takes 30 days to fix each time while complications of heat stroke lies firmly in a stranger’s hands.
“Homeownership can be very expensive is all I’m saying.”
I literally pay another person’s mortgage, Charles
My family would NOT SHUT UP about this while we were buying our house. I couldn’t make people who haven’t rented since the 80s understand the immense, desperate desire for home repairs to be my responsibility, rather than something that might eventually be done with subpar materials & skills if I harass them long and loud enough. Even if I can’t fix something bc we can’t afford it yet, that’s way less stressful because I have control over that choice and I am making that decision with my own interests in mind, instead of being at the whims of someone else trying to extract maximum profit for themselves.
Also, the satisfaction that the money I’m paying monthly is actually getting us something (equity in a home that belongs to us) instead of going to some house hoarder’s next fancy vacation, really can’t be overstated.
like, even if homeownership is more expensive than renting, you’re still ending up with more to show for your money.
Policy Has Tightened a Lot. Is It Enough? | Federal Reserve Bank of Minneapolis
The Fed just committed to destroying the global economy.
“If [supply chain pressures] don’t unwind quickly or if the economy really is in a higher-pressure equilibrium, then we will likely have to push long-term real rates to a contractionary stance to bring supply and demand into balance.”
Except that China just committed to further zero-lockdown policies and the American oil companies have committed to not expanding production while the war in Ukraine increasingly reduces oil flows to Europe.
And recessions destroy supply as well as demand.
Sell your house.
Wait, what? Why anyone on a fixed-rate mortgage sell a house they own if interest rates going up means that it will be more expensive to buy or rent housing in the coming years? That seems like a license to throw away money.
- Crime problems meaning that you very very definitely no longer want to be in Woodside, NYC anymore. And don’t want to be a landlord in NYC when NYC is doubling down on rent control, that sounds like no fun at all.
- Because you don’t have a choice when the economy is destroyed and you can no longer afford the mortgage.
- Because as always happens, when they destroy the economy they cut interest rates to zero and then you can get a cheap mortgage buying your house *back* at half of what you bought it for.
Ah, okay. The point of confusion has been identified: this is advice aimed at average homeowners and therefore not homeowners in my specific circumstance.
