Blog

Short blog posts, journal entries, and random thoughts. Topics include a mix of personal and the world at large.

The long and short of it

Lately I’ve been seeing lots of media about how online gambling is ruining lives. Our smartphones have become slot machines. Such easy access paves the way for some incredible degeneracy. No longer do people have to physically get on plane to Las Vegas.

But is it a problem that needs solving? As with any vice, there’s opportunity for going overboard. The few that would drink themselves into bankruptcy (or death) shouldn’t prevent others from enjoying alcohol responsibly. Prohibition only does to drive the vice underground. Organized crime benefits, while the drunkards remain.

Adults are making adult choices. Therefore they should shoulder the consequences (if any) of those choices completely. Yes, online gambling platforms are exploiting the heck out of our dopamine pathways. That’s not any different than buying Pokemon card packs and praying you get that rare one to sell online for a relatively massive return. I can assure you no one will have sympathy for the guy in the basement going into five-figure debt on what is essentially cardboard.

Besides, don’t we already have an escape valve for folks in heavy debt? The only thing that personal bankruptcy can’t solve is student loans. That’s the downside exposure for these gambling platforms: if enough of their users declare bankruptcy, the shrinkage may become untenable. And maybe, just maybe, stricter limits on bets would materialize.

That’s probably wishful thinking. The United States consumer will keep consuming longer than you can remain solvent.

Stop it. Get some help

Headlines are buzzing about the high price of new cars. The average transaction price for new vehicles in America is now over $50,000. The average monthly payment for a new car is nearly $750. As is the wont during these high inflation times (why would Joe Biden do this?), people are grumbling about the ever increasing cost of personal motor transport.

I do not have an ounce of sympathy for this situation. The beauty of the capitalistic system is that it takes two to proverbially tango. Sling all the greed accusations you want against the automakers and dealerships: car buyers still have to sign on the dotted line. The Truth in Lending Act dictates that consumers are given complete information on exactly what sort of loan they are contracting themselves for. No excuses.

The average new car may be selling for over $50,000, but a perfectly fine Toyota Corolla sedan can be had for $22,275 starting. It’s got power everything, and Apple CarPlay. And because it’s a Toyota, it will last forever with minimal maintenance. Now you may say that you need something bigger for your family. That’s a want, not a need. The Corolla is equipped with child seat anchors in the rear. For sure it’s not as convenient as a Toyota Sienna minivan, but do you have $40,120 starting for a Sienna?

New cars aren’t expensive - the cars people want to buy, are. If stretching your wallet for that three-row SUV is going to be financially difficult, then perhaps it’s just not in a cards for you. No one is entitled to a fully-loaded SUV with all the trimmings. Consumers’ unwillingness to purchase within their means isn’t the fault of the banks or the automakers. Let’s not strip agency - and blame - from fully functioning adults.

I will however get on Porsche’s case for raising prices so dramatically over the last year…

50 years a mortgage

President Trump is floating the idea of a 50-year mortgage loan, superseding the current standard longest of 30 years. I think it’s a wonderful idea, because I can finally afford a home around here! All it takes is for a bank to practically own me for the rest of my life. If I were to buy a house today and it’s a 50 year loan, I will be 87 when the final payment schedule hits. Will I even be alive by then?

In simplistic mathematic terms, the 50-year mortgage makes sense. Housing is expensive, so let’s extend out the loan term so people can “afford” it. It’s the same thing happening in the automotive industry. The average new car price crested over $50,000 recently. Along with it are ever longer loan terms. 60-month used to be the maximum standard, but now 72 or 84-month is popularizing. Just so folks can squeeze in a monthly payment that is somewhat palatable.

Is that not a similar goal in floating a 50-year house loan? Perhaps it’s too big of a jump from 30? For sure 50 years will be more than half a lifetime for most of us. Also, think of the amount of interest that’s going to be paid for a loan that long. You can more than likely buy a whole other house on total interest payments alone.

But I think it’s a problem only from an investment lens. For a home that you want to stay in forever until death, a 50 year loan doesn’t seem that ridiculous. So what if the cumulative interest payments amount to a crazy high number? The most important number is for the monthly mortgage cost to come beneath an affordable threshold. Indenturing myself to a bank for the rest of my life is quite alright if I get a stable and comfortable home in return.

Surely the banks also wouldn’t mind that extra 20 years of accrued interest! I think mortgage terms longer than 30 years should be made available; as a tool, an option, but not a panacea to a problem.

Infinite money losing glitch

Word on the streets is that online gambling is a big problem? We’ve all seen the advertisements, surely. No major sports broadcast is complete without ads for DraftKings or BetMGM. Some of the services even give new users “free” money to bet as an introductory offer. Remember when few years ago every other ad was about crypto? I feel like we’re now in a similar era of sports betting.

I personally don’t partake in gambling because I don’t subscribe to forsaking my hard-earned money like that. We all know how incredibly shitty the odds are. The most risk I am willing to take with money is putting it into the broad stock market.

People are saying online gambling is a problem because lots of young men are falling into addiction and debt. But that’s just the natural outcome, isn’t it? Only a very few subset of bettors can win - by design. Otherwise the game wouldn’t exist. A game that creates many losers will of course have negative consequences. So long as the carrot remains ever gleaming, legions will keep returning and returning.

I think the allure of gambling is the possibility of a huge monetary reward in a short amount of time. Social media has shown everyone the world is indeed our oyster, but most of us don’t have the sort of capital to make that possible. I absolutely cannot traditionally invest my way towards affording a brand new Porsche 911 GT3, unlike the many influencers on the Internet. Online gambling then becomes an alluring shortcut towards attaining the lifestyle that social media has promised us.

There’s a money shortcut available to women that’s closed to men: selling your likeness online. Any reasonably attractive woman has potential to earn money quick if she is willing to forgo a few bits of clothing for people to watch. Heck, if a lady is attractive enough, she can be fully clothed and simply stream herself playing video games. That sort of leveraging of beauty is typically not an avenue open for men. So they instead funnel towards online gambling. Or day trading.

Listen, if all it takes for me to be able to buy a GT3 is to “YOLO” my entire savings into a five game parlay? Hmmmm…

You get a layoff! You get a layoff!

Word on the streets is that Amazon is cutting 14,000 personnel in its vast corporate offices. That is a lot of people soon to be out of work. The greater Seattle area is in shambles, as the kids say these days. This news comes only a few days after Target announced similar corporate job cuts. All of this coming right before the (hopefully) busy holiday shopping season. Who has money to spend right now, honestly.

The pending Target layoffs hits close to home as my cousin works there in corporate. The problem is, he’s nowhere near the company headquarters in Minnesota. A corporation looking to trim down will certainly look first at folks working off-site, no? I hope the best for my cousin.

The best did not happen for my friend who got laid of from Stanford earlier this year. Even education, the once believed lead-pipe lock of job security (especially at a world renowned university like Stanford), is not immune from the current economic headwinds. I somewhat worry for my position, because I too work for a university. An institution that just this week forecasts dire budget straits for the coming fiscal year. Not great!

We’ve seen so many layoff news throughout 2025, and yet the U.S. stock market is currently, as of writing, sitting at all-time highs. One suspects, basing on sheer mathematics, the bottom has to fall out eventually, no? Folks out of a job aren’t wont to keep on spending.

I’m glad I recently downsized my car to something cheaper, netting a solid difference to add to the rainy day war chest. The current economy is too uncertain to be making daring money moves, at least for someone in my lower middle class position. If I do get unfortunately laid off, I want to have at least 12 months of money runway. I know, right to privilege jail, right away.

Buona fortuna

I was at Costco doing my usual weekend shopping when I noticed the usual five pound bag of whey protein by Optimum Nutrition is now over $67! That is crazy. I’m old enough to remember when the same bag was only $35. Us weightlifters are in shambles when it comes to feeding our protein addiction. Instead of picking up weights ever, I should have joined a monastery…

The annual Monterey car week was only a few weeks ago. It’s always fascinating to me how certain car enthusiasts can drop multiple six figures on a car like it’s nothing. These people spend on vehicles like how I don’t think twice about paying extra for the larger size of fries. There’s a certain level of wealth that I cannot fathom or comprehend when way more than my entire net-worth is concentrated into a single object.

How bad can the overall economy be when hundreds of enthusiast cars are changing hands on a daily basis on sites like Bring a Trailer and Cars And Bids. People are capable of dropping $50,000 - $100,000 on what is most certainly a secondary car (if not tertiary or further). Heck, I don’t even have that. I’ve been contemplating and strategizing on buying a second car to compliment the BMW M2 for over two years now - still can’t financially justify pulling that trigger.

I can certainly relate to those Youtube videos about how seemingly everybody else has more money than me. Granted there’s zero envy involved here. I understand fully my income situation and how much I can spend. It is what it is, and it’s the only thing I can control. But one can always daydream, right? Especially when the PowerBall jackpot is sitting at 1.8 billion dollars.

It would only be due to buona fortuna if I am ever in a position to drop six figures on a car like ordering appetizers at a restaurant.

Staying ahead

I was disappointed to see the Greek yogurt - my go-to breakfast food of choice - increasing in price at my local Whole Foods. The staples are getting pricier again! At least my staples are. I’m still smarting over the price of coffee jumping 20% thanks to President Trump’s tariffs. Priced out of a coffee? That would take a whole lot.

I don’t expect rich people to have scars from the high inflation of the post-COVID period. Which is why we shouldn’t expect the Trump administration to back down from import tariffs. These people understand fully well that it’s the American customers paying the tax. They’re just all wealthy enough to absorb it without care.

Meanwhile, the rest of us are simply, hopelessly, trying to stay ahead of inflation. Especially during this time of uncertain labor markets (unless you are a genius A.I. engineer). My place of employment is going through a budget contraction. I’m lucky to have a job, never mind any hope of yearly salary increases to keep up with inflation.

That means the purchasing power of my current salary will continue to decrease. To combat it means having to let go of some other spending. The aforementioned pricier Greek Yogurt? Well, I typically buy a can of something to drink whenever I enter Whole Foods. I gave that up soon as I saw the 50 cent increase. I have water at home, thank you.

Similar choices who have to made in the future, so long as inflation continues, and my income remains static. Perhaps Progressive will raise the insurance on my car again. To compensate, the Disney Plus subscription will have to go.