From personal experience I had the same carrier (blue cross) with the same deductible and same copay (the “gold” level PPO) but I currently pay $800 to buy it independently for my wife and I while at my old job the premiums were $1200 a month.
I mean you can get ten thousand monkeys throwing darts at a board full of companies as an investment strategy, and a handful of those monkeys will be top performers with excellent returns.
If you are using erlang you should be using pattern matching not regex. Erlang/Elixir are one of the easiest languages to build parsers in with their binary string pattern matching.
I agree, pattern matching is what I sorely miss every time I use anything other than Erlang. It's just enough of a hurdle I set it aside and didn't return.
That might not be true if you consider that it is dramatically easier to lose $1b of bitcoin by forgetting the key, but there is almost no way you could lose $1b of gold by forgetting the combination or losing the key to the safe.
And if you stored bitcoin for 20 years on a key without moving it, would you really be that confident that after 20years you would still have access to it? That the media you used to store the key on didn’t degrade? That you have the correct password. I can be extremely certain that the gold bars I have now will be exchangeable in the future.
With bitcoin when storing money, there is a much bigger risk of it going to zero when you are storing it.
Not sure where you are, but in Australia the hot dogs cost $1 ea.
The staff working at the stand would be paid something on the order of $25/hr, plus paid breaks, annual leave, sick leave, long service leave and superannuation.
There would have been at least a solid minute of marginal labour in the hot dog I ordered today - asking me for my order, accepting payment and putting the sausage/condiments in the bun. This doesn't even consider the amount of labour required to boil the sausages, cut the buns, clean the kitchen at the end of the day, manage the orders from head office etc. I'm also ignoring slack time, where the queue is empty and the staff are not serving any customers.
In terms of raw ingredient cost, the meat they use is a cut above your bog standard Frankfurt and I suspect would be something like $5/kg in bulk. Assuming each sausage contains 100g of meat, that's 50c per sausage plus another ~10c for the bun. Even assuming the condiment cost is negligible, there'd be another 10c of cost in the little cardboard tray they give you.
Already we're getting up around $1.20 per hot dog, and I'm ignoring rent, power bills (which would not be insinificant in a commercial kitchen) payment processing fees and probably more things I haven't even thought about.
Not a chance they turn a profit on these. Tune in next week where I give a detailed analysis of the economics of their 50c soft serve cones!
As far as I know you dont only buy a dog a call it a day. You are basing your argument on the commodity product appeal which unlocks more expensive products with no labor involved such as drinks and already prepared pastries.
Yeah, rent and labor alone make up most of the cost involved in restaurant food, the food cost itself is usually marginal. I'd imagine the rent for the space used up by the cafe is decently under what it would be to lease a comparable space on it's own.
I can’t be sure as to the veracity of the statement but there are plenty of articles out there quoting that IKEA’s strategy is to have the cheapest food in a 30 minute radius around the store.
Housing prices change. Rent prices change. Here in SoCal I was going to buy a place but the pandemic hit so we decided to rent.
Our rent payment is about half what we would pay if we bought. Just look at the last two places I rented:
Rent1: $2500/mo
Condo next door: $850k. That’s 4K mortgage and 1k HoA.
Rent2: $4100
Equivalent mortgage: $10k/mo
Doesn’t make sense to buy unless you are speculating on housing prices.
Housing prices don't change (much) after you buy. Rent is at the mercy of your landlord and the market. Here in metro Milwaukee rents are up 30% since I bought a house, but my mortgage/taxes/insurance is up 1% (I pay $18/mo more now in taxes).
My home value has skyrocketed as well, but so has every other home. However, the growth cancels out, I get my home's growth as a sort of discount were I to sell and buy another home. It's called the housing ladder and is key to preserving wealth as your housing needs change and the market gets more expensive.
Your example works in shorter time frames, buying vs renting in a given year or 3. But over the long haul I've only regretted thinking like that in my 20s and not just snatching up a home and land.
It's easier to make a person who will need a house than it is to build a house, and it's extremely difficult to make more land to put a house on.
