When interest rates go up, the price of bonds goes down. As Tyler and I discuss in Modern Principles, the inverse relationship between interest rates and prices holds for any asset that pays out over time. In particular, as Patrick McKenzie points out, when interest rates go up, the value of a loan goes down. McKenzie suggests that you can use this fact to buy back your mortgage from a bank when interest rates rise.
For example, suppose you get a 500k 30-year fixed rate mortgage when interest rates are 3%–that loan obligates you to pay $2108 per month for 30 years. Now suppose that interest rates go to 6%, now that same stream of payments is only worth, in present value, about $358k. Thus, the bank should be willing to let you buy your mortgage for $358k–that is, after all, what the market would pay for such a stream of payments if your mortgage was securitized.
I am skeptical that I could find the right person at the right bank to actually authorize a deal like this but it turns out that the Danish mortgage system is built to allow this relatively easily. The Danish mortgage system is built on the match principle:
JYSKE Bank: The match-funding principle entails that for every loan made by the mortgage bank, a new bond is issued with matching cash-flow properties. This eliminates mismatches in cash-flows and refinancing risk for the mortgage bank, which also secures payments for the bondholder. In the Danish mortgage system the mortgage bank functions as an intermediary between the investor and borrower. Mortgage banks fund loans on a current basis, meaning that the bond must be sold before the loan can be given. This also entails that the market price of the bond determines the loan rate. The loan is therefore equal to the investment, which passes through the mortgage bank.
In essence, in the Danish system, mortgage banks are more like a futures clearinghouse or a platform (ala Airbnb) than a lender–they take on some credit risk but not interest rate risk.
Thus, if a Danish borrower takes out a 500k mortgage at 3% interest and then rates rise to 6%, the value of that mortgage falls to $358k and the borrower could go to the market, buy their own mortgage, deliver it to the bank, and, in this way, extinguish the loan. Since the value of homes also falls as interest rates rise this is also a neat bit of insurance. Remarkable!
The Danish mortgage market appears to be very successful and so may be a model for American reform:
JYSKE Bank: The Danish Mortgage Bond Market is one of the oldest and most stable in the world, tracing its roots all the way back to 1797 with no records of defaults since inception. Furthermore, the market value of the Danish Mortgage Bond Market is approx. EUR 402bn, making it the largest mortgage bond market in Europe.
The post In Praise of the Danish Mortgage System appeared first on Marginal REVOLUTION.
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](https://marginalrevolution.com/marginalrevolution/2023/03/in-praise-of-the-danish-mortgage-system.html#comments) - Sounds wonderful. I know many people trapped in their current ...by Asdf - I notice that AT is posting more frequently. Is he getting help ...by Rich Berger

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Alrighty! I’m lowering the price of both of these again in hopes of finally selling them!
Nike VR Pro Combo forged irons 3-PW, 3 iron has Project X 6.0 shaft the rest have 6.5 shafts Looking for $200 shipped via PayPal G&S unless you’re local to Raleigh Some of the irons are more used than the others, please disregard the extra wedge in the photos https://imgur.com/a/oHOvrMr
TaylorMade P760s 4-PW, standard L/L/L KBS C-Taper Stiff shafts Rory uses these in his long irons Really good condition Looking for $450 shipped via PayPal G&S unless you’re local to Raleigh https://imgur.com/a/UjX3txh

hi all - i'm moving to Brooklyn from the Bay Area and found an apartment (with a woman who is looking for a roomie) in PLG/Flatbush. For in-unit washedryer, my own bathroom and a huge room, 3rd floor and elevator - for 1600. To me, this sounds like a steal but a few friends told me this is really deep into Brooklyn. My office is in lower Manhattan and it looks like a straight shot if I take a certain train and is ~45 min commute. I'm in my 30s, single and want to meet new people if that helps! I love a cute neighborhood where I could walk to a coffee shop. Safety is a major priority for me.
Does anyone have experience with this neighborhood and could share their thoughts? I am also interested in hearing other cool neighborhoods too. My best friend lives in Clinton Hill but not finding anything in my price range there.

European warehouse
Here is the link (Banggood): 24W Square Three-Color Ceiling Lamp [EU]
Coupon code (apply in the cart!): BGa58e7c
Current price is $15.99. The lowest price in my database is $16.99.There're already 3 records in DB. Price monitoring since 2.2.2023!
This post may be old (if you're here from Google), so just go here to get currently active coupons (and price alerts :)) for 24W Square Three-Color Ceiling Lamp: https://couponsfromchina.com/24w-square-color-ceiling-lamp-eu/
I hope it's useful for you!
Good deal with nice discount.
https://couponsfromchina.com/
Image: https://i.imgur.com/usQCuIP.jpeg

Is there any sort of tax advantage to paying the transfer tax for the seller and reducing the purchase price by that amount? Besides screwing the agent out of their commission, is there any advantage to this? I'm paying all cash for this specific transaction.

Introduction
Before I started chrome extension development, I had looked around various sites to see if browser extension development was viable income stream but all I found were discouraging comments about how people had thousands, tens of thousands of users but no viable income.
Fortunately, I had enough interest in programming and chrome extension development to give it a shot.
I am glad I did.
A chrome extension with a few hundred users has been making around $500 per month on average.
Aside from the initial coding and a few hours fixing bugs and responding to customer issues, the app runs automatically without much of a back-end to speak of.
I decided to write a post explaining how to create the chrome extension, how to upload upload and market it.
requirements
You need a chrome developer account. It costs $5 for lifetime access and you’ll be able to upload 20 different extensions. Google allows you to open an unlimited number of such developer accounts. Alternatively, you can upload the extension to the edge extension store which for now is free.
You can read through the tutorial to understand the details or

1. you can just get the source code,
2. modify it as I have mention in the tutorial
3. upload it to your developer account
4. start developing another income source.

Creating the extension
A chrome extension consists of the following major parts:

1. the manifest.json file
2. the background JS file (or files)
3. the content script JS file (or files)
4. the popup page
5. the options page

The manifest file is essentially a ledger that shows which scripts are allowed to run
the background script is where most of the extension’s functionalities reside. For the source code provided, you don’t need to add or modify any functionality
the content scripts are activated and executed on web pages. You can choose which content scripts get executed in which web pages using the permissions attribute.
the popup is a small web page that’s rendered when you click the icon on the browser menu. It therefore consists of a HTML file, a CSS file and a JS file
the options page is also web page that’s rendered when you go to the options of the installed extension. It also consists of a HTML file, a CSS file and a JS file
Since this is not a coding tutorial but more for a non technical person to upload a chrome extension, I’ll just mention the things you’ll want to change in the source code I give if you want to try this method out.
If readers are interested, I can follow up this tutorial with an I depth article where I jump into the code and the choices that were made therein.
Things to modify
If you are going to use the source code provided in the links, the things you should modify to customize your extension include:

1. name in the manifest.json file
2. description in the manifest.json file
3. author value in the manifest.json file
4. version number in the manifest file although this isn’t necessary
5. icons. Keep the names identical to the original ones or if you choose different names, change the names in the manifest file.
6. donate link in the popup JS file. Change the PayPal link on line 38 to your own link

extension submission
As I mentioned above, you’ll need a google web store developer account. You’ll pay a one time free of $5 and be able to publish around 20 extensions.
You’ll need a description for the extension. The following is the description I used. You can rewrite it so that google doesn’t flag your version as duplicate content.
clone a webpage by downloading all links as files
Easily download several links from a website.
Easily download a large number of links from a website.
Do you want to download a large number of PDFs, podcasts, or other items from a website without having to right-click and select "Save As" for each one? Batch Link Downloader can take care of this for you!
Perfect research tool for students, developers, hobbyists, professionals etc.
NB: The extension is supported with contextual ads and donations. Please consider aiding further development and in keeping this extension ad light with kind donations
After paying for this account, the following are the resources you need for the listing:

1. a store icon of 128 * 128 px
2. between 1 to 5 screenshots of the various parts extension of either 1280x800 or 640x400 px
3. small promo image of 440x280 px

You can choose any category you want. I choose blogging but you can choose something like productivity or one you see is a better fit for the extension.
Since extensions have scripts that require permissions to run, you have to give the reasons why you need specific permissions.
This is a security measure to avoid an extension that asks for permissions that may compromise a users browsecomputer.
The following are the permissions that the extension needs and the associated permission. You can reword the reason if you see fit.
activeTab - to be able to run content scripts that extracts web page content on the tab in focus
downloads - to enable to download selected content to the local storage
storage - to be able to save user defined preferences. ie the pages that the user wants to download
host - the extension has to work on all types of web pages
In the section that asks if you are using remote code, just select No because the extension isn’t using any CDNs any other remotely hosted code.
Also, since the extension isn't taking any payments but just asking for donations, you can select free of Charge in the pricing and distribution section
The review process may take a few hours to a few days so just be patient.
getting traffic
I used the 3 major things to get traffic. They include:

1. SEO
2. influencer marketing on TikTok
3. YouTuber traffic

At the time of making this extension I had no money to use for advertising so I decided to take the 3 free traffic sources that I felt I could work on for an extended period of time.
SEO
The only SEO I did was in the description. I made sure I used proper words in the description without coming off as spammy.
YouTube Traffic
I used a website called channel crawler (just google it). It has a free tier that gives a list of YouTube channels based on, among other things, niche and YouTube subscriber count.
I figured that I should go for smaller YouTubers since the larger ones tend to already have monetized their channels with all sorts of things (membership sites, affiliate links etc). I decided to go for niche channels with under 50k subs that didn't have much of a monetization strategy.
After getting a list of YouTubers, the email extraction was repetitive and time consuming. I'd go to the channel, go to the about page and reveal the email. After doing this a number of times, YT would ask me to solve a capta. I wanted to write a bot to automate this but I decided to first do it manually to see if the idea would pan out.
Now, I noticed that YT only allows you to get about 10 emails every 24 hours. How I went around this was by creating another channel. A new channel on the same account meant a new profile that I could extract around 10 more emails. YT allows around around 50 (or is it 75) channels for a single account. So that means one can extract >500 emails per day with one email account (very tedious by hand, a python script would have made this much easier)
I extracted around around 1200 emails with this method and put them in an excel sheet.
Next came the cold emailing.
I made sure that the email copy had the following characteristics:

1. short, about 100 to 200 words
2. got straight to the point (no fluff words like ‘how is your day’)
3. had a clear call to action. In this case, I wanted a video review and a link on the description

I should also add that I used gmail to send out the emails. I don't think the emails were going to spam because I wasn't send too many from one account. around 40 per email account.
TikTok traffic
I basically opened an account and started following and cold messaging small TikTok creators until some decided to review the extension.
While I got some leads here, most of the traffic has come from the previous 2 traffic sources
resources used
Here are the resources you need to try this method out for yourself
link to extension: https://chrome.google.com/webstore/detail/webpage-cloneffjnfifmelbmglnajefiipdeejghkkjg
source code on Gumroad: https://saffron555.gumroad.com/l/web-cloner-chrome-extension
landing page I used: https://mega.nz/file/uPZiHTgB#T8MsQnGCsC6FR4a8qpors_CqfNUvxS6wHLPoxV_pEnQ

[WTS] Hammerhead light clones ABS double shot cherry profile keycap set.
Got the set recently, The set was only mounted once to try. No scuff marks or damages.
Price: 2500 + shipping (willing to cover the shipping cost upto a certain amount) DM for more info.
Timestamps & Pics: https://imgur.com/a/AD7wWNK

Looking at gold plan.

The previous thread is here.
Remember that there is a very large chance that someone has already asked the question you're going to ask and gotten an answer, so please read our FAQ, search the sub, and Google before asking. We have very helpful users here that like to answer questions so out of respect for their time, search first. Thanks!
If you're asking about moving to Finland, please specify whether you're an EU citizen or not. Many laws and procedures are different for EU citizens and non-EU citizens. When giving advice, please pay attention to the status of the person in question.
Top-level comments which are not questions or are off-topic will be removed.
Suggested sort is set to "new".
Helpful websites:
The official information

• General information about Finland, moving to Finland, living in Finland: https://www.infofinland.fi/en
• The government website for travelling to Finland from different countries: https://finlandabroad.fi/frontpage
• Finnish Immigration Service (residence permits etc): https://migri.fi/en/home
• Information about education: https://opintopolku.fi/konfo/en/
• The official tax percentage calculator
• The official Finland website: https://www.suomi.fi/frontpage/

Travel, tourism

• The Official Travel guide of Finland: https://www.visitfinland.com/
• Finland Travel guide at WikiVoyage: https://en.wikivoyage.org/wiki/Finland
• National Parks: https://www.nationalparks.fi/
  • Uusimaa outdoor recreation areas: https://uuvi.fi/en/areas/
• Public transport routes and prices in Finland: https://www.perille.fi/en
• Auroras in Finland:
  • https://en.ilmatieteenlaitos.fi/auroras-in-finland
  • https://www.lapland.fi/visit/things-to-do/northern-lights-lapland-guide-aurora-borealis/

Reddit

• Finnish language: /LearnFinnish
• Cheat Sheet: Moving to Finland from outside the EU in 2021

Raising prices is a choice, nobody is making these executives choose to raise prices. The "invisible guiding hand" of the market isn't real. They're bullshitting us with their smug and cynical conceptions of "free trade." Freedom to them means freedom to exploit us without external intervention.

Hello!
California passed SB-197, which gave birth to the housing program California Dream for All. This program isn't available to apply for until 3/27/2023; however, the guidelines and details about the program have been released. You can verify all the info in my post here. This program is similar to the 10% down program CalFHA had last year. Like that previous program, this program only has a set amount of funds available.
What is the program?
Through shared appreciation, The California Housing Finance Agency (CalHFA) will provide 20% down payment assistance, in the form of a silent second loan. There is not a monthly payment associated with this loan; however, should you sell, refi, or transfer ownership, you will have to repay the loan they provided to you, as well as a portion of the appreciation. This loan does not turn into a grant.
- For Example -
$500,000 purchase price.
CalHFA will give you $100,000
This amount doesn't include what you would owe through shared appreciation.
What does shared appreciation mean?
CalHFA is entitled to 15% or 20% of the appreciation gained the purchase date. Whether you pay 15% or 20% will depend on your income. Per the guidelines, buyers whose income is between 80% - 150% of your county's Area Median Income (AMI) pay 20% of the appreciation. Most buyers are going to be within this range. If your income is less than 80% then CalHFA will only take 15%.
Benefits

• No down payment
• No private mortgage insurance
• Lower monthly payment
• increased purchase power

Qualifications:

• First-time Homebuyer (haven't owned a property in the last 3 years)
• Minimum credit score: 660
• Maximum debt-to-income ratio: 45%
• Single Family home or Condo; no multifamily
• Income can't exceed county income limit
• CalHFA homebuyer education course required
• One year home warranty required

Thank you :)
https://www.reddit.com/orangecounty/comments/11xsw2w/california_will_give_firstime_home_buyer_20_down/

What the rich don’t want to believe

https://v.redd.it/i2yv66n4m9pa1
https://www.reddit.com/LateStageCapitalism/comments/11y7u5o/what_the_rich_dont_want_to_believe/

The Federal Reserve is supposed to monitor the nation’s banks for risk. Is it up to the job? NBC

https://www.nbcnews.com/business/business-news/federal-reserve-san-francisco-silvergate-silicon-valley-bank-failure-rcna75908

Convincing Wife to Quit or Go Part Time

TLDR - Our passive income covers all our expenses, plus some.
Kids' college is fully funded, no debt, paid off house, blah, blah.
My wife is still killing herself working as an OR nurse even though she could quit altogether if she wanted.
We're at the point where we are saving her entire paycheck by just shoving it into our brokerage account.
Her theory is we should just keep going with the money grab as long as possible.
I've always handled the bills and investments and I keep telling her we're good.
I've talked to her many times about at least going part time so we can start enjoying the fruits of our efforts.
Anyone have some sort of magical script which finally got your spouse out of the rat race?
https://www.reddit.com/financialindependence/comments/11xp2b3/convincing_wife_to_quit_or_go_part_time/

Opinion If we take bold, coordinated, global action now — in this decade — we can limit climate change to a tolerable level. But if we stay on our present course, then heaven help us all.

https://www.washingtonpost.com/opinions/2023/03/21/ipcc-climate-report-warming-disaste
https://www.reddit.com/climate/comments/11xgz4v/opinion_if_we_take_bold_coordinated_global_action/

University of Montana ~150 years apart

https://i.redd.it/1upzj75q8yb51.jpg
https://www.reddit.com/Montana/comments/11xxapa/university_of_montana_150_years_apart/

A picture of Mount Rushmore before the faces were carved in. It was known as the Six Grandfathers.

https://i.redd.it/fo9gm9neh5pa1.jpg
https://www.reddit.com/pics/comments/11xt3x8/a_picture_of_mount_rushmore_before_the_faces_were/

8 Dolphins Dead After Washing Ashore in New Jersey NY Times

https://www.nytimes.com/2023/03/22/nyregion/dolphins-dead-new-jersey-shore.html
[UK]

I live on a canal boat currently moored at Alperton. The amount of plastic that I see along the canal and in general in this area in particular is disgraceful. In the past week, I have seen 3 dead animas, nestled amongst a huge churn of plant matter and plastic waste. This makes me so sad.

https://i.redd.it/3zhhewvaz9pa1.jpg
https://www.reddit.com/london/comments/11y9fyd/i_live_on_a_canal_boat_currently_moored_at/

[https://loki-review.com/supreme-software-review/\\](https://loki-review.com/supreme-software-review//) “Better Than ChatGPT” App Generates “A.I. Affiliate Stores” and Instantly Drives Free Buyers Traffic To It In Less Than 30 Seconds... In Any Niche... Without Any Experience... (All Our Beta-Testers Made Money With This...) Watch How We Build “Affiliate Stores” From Scratch That Makes Us $23,546.34 Per Month In Net Profit... First 99 Fast Action-Takers Will Get Instant Access To DFY HighTicket Product Kundan Choudhary: "I can say with confidence that this is the best product I've ever bought." We Get Paid To Sell Digital Products WITHOUT Ads Saturation Proof Zero Upfront Cost Get Supreme And Instantly Create Your "Affiliate Stores" Just Pay Once Instead Of Monthly Everyday. 2,450 Marketers Leverage Supreme To Generate A Remarkable Amount Of Traffic And Sales... (And You Can Join Them In 13 Seconds) Kundan Choudhary: Today, I awoke to a pure profit of $234.54. 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Let's say that you were successful in achieving your goal through some supernatural means, that you were able to pay the outrageous fees for services like ClickFunnels, and that you spent weeks designing your ideal store or website. Are you getting paid? Are you generating revenue? Naturally, the response is NO. Getting high-quality customers to your store is the most difficult task right now. Traffic is even more difficult. Have you recently tried running ads? Facebook is one of the cheapest sources of traffic on the planet, but the prices of ads are insanely high. On average, you will pay $2 for each click. Can you believe that? $2, and even that figure comes after a lot of testing and spending... Basically, you need a small fortune to test ads and run them profitably... Even other sources of traffic are a pain in the arse I hope you didn't because, my friend, ranking in Google has turned into a terrifying experience. You put in a lot of effort every day, but you won't start seeing results for eight to twenty-four months. Can you handle working eight hours a day every day for months without earning a penny? I am aware that I am unable to do that, and even after that, they may decide at any time to remove your website from search results without providing any explanation. Does that imply that it is impossible to establish a profitable business? It's not your fault; the IM community and fake gurus have been teaching you the wrong ways for far too long. Meanwhile, they are making a boatload of money. They do that to keep you chasing whatever they are trying to sell you. It's sickening. But that's the sad reality of the market right now. What If I Told You There Is An Easier Way? It's actually pretty easy. You just don't know how to do it. But the most