Recent comments in /f/explainlikeimfive

berael t1_ja12q0a wrote

If you buy a candybar from someone, you give them money and they give you a candybar.

If you buy a house from someone, you give them money and they give you a house.

  • If they still owe money on their mortgage, then they use your money to pay it off. If they have money left over then they made a profit. Hooray for them!
  • If you took out a mortgage to afford the house, then you now owe the bank a whole lot of money. The house itself is the guarantee that you will pay them back: if you don't, they take the house.
  • When you sell the house, the buyer will give you money. If you still owe money on your mortgage, then you will pay the bank. If you have money left, you have made a profit. Hooray for you!
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cookerg t1_ja12jiq wrote

I think those examples, as you mentioned in the first example, the cognitive dissonance part, is the discomfort your brain feels in trying to either ignore, or somehow reconcile you conflicting beliefs or actions. If you're fully aware of the contradiction, and have decided to live with it, there's no dissonance, but if you're somehow still believing two conflicting things that are inconsistent, and haven't quite sorted it out, that's the "dissonance" part. The brain pain that creates.

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greatdrams23 t1_ja10ffg wrote

"By much the same logic, if something is made illegal now, that doesn't mean you can be charged for doing it when it was still legal"

This 'reverse' case is not the same Logic in reverse.

If something was PREVIOUSLY LEGAL but now illegal, then it would be wrong to convict retrospectively, because that person kept to the law.

But...

If something was PREVIOUSLY ILLEGAL but now legalised, then their conviction was THEN first, but CONTINUED punishment means you continue to punish a person for something that is now deemed legal.

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nomopyt t1_ja0ya7p wrote

This is the best explanation in the thread. Nicely done.

Real estate is a good investment in my opinion. But just like all investments the key is to buy low and hold/leverage or sell high.

Easy enough to say and it can be done, good Lord willing and the creek don't rise. Takes time, energy, money, and luck though.

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phiwong t1_ja0y1x8 wrote

To the seller.

If the seller is a developer, then it goes to the developer (who might be the construction company). The developer pays for the construction and land.

If the seller is an individual owner, it goes to them instead. They may have to use some of it to repay outstanding mortgage etc.

In that sense, buying a home is not fundamentally different from buying something from a store. Buyer pays seller.

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Dunbaratu t1_ja0v7l4 wrote

Largely because it's super easy to play it informally in pretty much every poor village in the world.

1 - You don't need expensive gear. Just a patch of ground, one ball, and some stuff to drop on the ground to mark the goals.

2 - You don't need the full complement of players. While the official rules require exactly 11 players per side, you can cobble together an informal game with whatever smaller number of people you have available. (Compare with something like baseball, where the pitcher, catcher, infielders, and outfielders are significantly different jobs where people can't easily overlap between them so you need people at each position.)

This makes it so that poor countries actually have a shot on the world stage. Just because you grew up in a poor village doesn't mean you didn't get to spend a lot of time playing and practicing as a kid.

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therealdilbert t1_ja0uvbh wrote

it is just like anything else you buy. The money goes to the owner that sell it to you. The owner might be the company/person that build it, it might be a person that bought it from someone else and lived in it.

The previous owner might have borrowed some of the money to buy the house from a bank, if so that loan has to be paid back with some of the money.

The real estate company, is just company is just a company that takes some picture of the house and advertise to find someone that wants to buy the house and does some of the paper work, they get paid for that service

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mynewaccount4567 t1_ja0ulu2 wrote

I think baseball is pretty close to soccer and there is a reason it spread pretty well to other countries. I think the biggest hurdles are numbers. To play an actual game you need at least a handful of people. And without close to a full field , it becomes a lot less fun since defense gets too hard. Football can be played 1v1 all the way up to a full squad. Second while baseball in an ally is fine for younger kids, by the time you reach teenagers, broken windows and hitting it outside the area are a much bigger concern. Though usually there is an open lot available.

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Phage0070 t1_ja0u1er wrote

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Phage0070 t1_ja0u0pk wrote

Your submission has been removed for the following reason(s):

Top level comments (i.e. comments that are direct replies to the main thread) are reserved for explanations to the OP or follow up on topic questions.

Joke only comments, while allowed elsewhere in the thread, may not exist at the top level.

If you would like this removal reviewed, please read the detailed rules first. **If you believe it was removed erroneously, explain why using this form and we will review your submission.

1

mynewaccount4567 t1_ja0tvs8 wrote

I think they mean rowing as in the Olympic sport of rowing. Those boats are pretty specialized and expensive. It’s a different motion than just a rowboat so it’s not as easily transitioned to the “real thing” like a kid playing football without appropriate gear.

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