"He did, in fact, make it in journalism. He just couldn’t afford to keep working in his field." These lines stood out to me, because they describe the experience of so many of my colleagues in academia, too. Even the people contributing the most can be branded failures by a system in collapse.
Well, he gets to deduct the interest, and if he invests it other things those other things might bring deductions too (like mortgage deductions). So it's not only a matter of comparing interest rates.
Our renters' insurance covered our stuff when it was in storage in a barn (nothing bad happened, but still) and also paid for my laptop when it was stolen out of my bag. There was an extra rider for the laptop but it was definitely worth it. And, as others have said, the relevant figure is replacement value. If you have a car, totally worth combining as there's usually some sort of discount.
I can never work out if this writer (Deresicwicz, not Dieker!) is a crank or a troll. n + 1 was running the 'art is crap now that people want to get paid for it' line recently too. To me it's a fundamental misreading of both what art is and the history of how it's been produced, defined, and valued.
Imagine how the numbers would look if NASA wrote this article! (This is from the summer, but I just heard about it--NASA asked Sally Ride if 100 tampons would be the right number to stock for her weeklong space mission: http://gizmodo.com/nasa-engineers-offered-sally-ride-100-tampons-for-a-7-d-1594243379)
I saw this story differently. Two people on the verge of marriage react highly emotionally when one of them reveals a secret about debt. They find their way back to each other with the help of some space, effort, and good advice. This struck me as well-written, real, and full of hope.
Yes to less house than you can (technically) afford! It also leaves you money for repairs / renovation, which is always more expensive than you think it will be, by, like, magnitudes of order. We did use a realtor, and it was helpful to have someone else dealing with that paperwork. But here at least the sellers pay the realtors' fees. I felt like the calculus was really different from having a realtor when you're renting, and you end up paying someone a chunk of change for what feels like a lot less service.
Unexpectedly lovely and moving. The parallel first & last lines especially. Nice.
During the fight for the eight-hour workday (and I think the ten-hour day before that?) one of the arguments was what the author says above: there will be more jobs to go around. Interestingly this turned out mostly not to be the case. It turns out people are a *lot* more productive on a shorter workday than a longer one. Like Meaghan says, no time for gchat! Plus, you're not dead tired, etc.
@Tax Token I'd be interested to see the Billfold do a follow-up with a divorce lawyer on this. Kleinberg's advice is interesting, but she has pre-nups to sell, right? My sense is that pre-nups become less effective the longer it's been since the marriage, though of course it must vary by state. But still, there must be a cost-benefit analysis to this decision.