265 mi range at 90% shown in demo Cybertruck driven by Marques Brownlee MKBHD

[freakyguy666]

So you’re doubling down on your ignorance of the fact that Rates have dropped by ~12% since peaking a few months ago…Noted!

Conclusions drawn from this kind of ignorance will result in regret. As predicted.

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[freakyguy666]

Ah, that explains it! You’re not familiar with the search feature of the inter webs! I thought millennials working in tech would know…anyway, here’s a freebie:

https://www.investopedia.com/mortga...ear-average-almost-to-its-2-month-low-8407899

 

[Baldey]

I dono what you guys are on about.. Im guessing @freakyguy666 meant 12% from the historic average, which was many years ago when 17%+ mortgage rates were the norm.

30 year loan rates are separate from the Federal Funds rate, but THAT's what you should be watching.. Meh, its more complicated than a few numbers on a page anyway. I hope we see another 2008, but probably its just gonna be another 1980

 

[freakyguy666]

As mentioned, this was just a freebie to display your ignorance of the fact that rates did in fact exceed 8% (contrary to your ignorant statements) and that they have dropped as I correctly stated…

…I suggest you do your research on the exact numbers….

Hint: the high was 8.65%….Today the rate is about 7.55%…let me know if you need more assistance on the math to arrive at the ~12% drop…

 

[Bigfoot DeLorean]

Depends on how you define “stretch”…putting every extra penny into the stock market on the hope that it continuously goes up every single year is quite a stretch!

I was just saying that that amount of assets at his age would imply a savings rate higher than $20k/yr. The poster's assumed rates were conservative. Obviously actual returns can vary wildly...but you have to make assumptions to have a plan, so...

(I'll stop on this sub-topic. Clearly it's taking on a life of its own. Apologies for contributing)

 

[freakyguy666]

I was just saying that that amount of assets at his age would imply a savings rate higher than $20k/yr. The poster's assumed rates were conservative. Obviously actual returns can vary wildly...but you have to make assumptions to have a plan, so...

(I'll stop on this sub-topic. Clearly it's taking on a life of its own. Apologies for contributing)

no apology needed. Your point was understood. We perhaps disagree on the likelihood of the market averaging 6% per year for the coming 8 years as well as the riskiness of putting all your eggs into one basket (the stock market).

 

[freakyguy666]

Ah, so you need help with basic arithmetic….I’m here to help!

(and I’ll try to use words instead of those pesky math symbols to keep it comprehendible for you!)

8.65 minus 7.55 equals 1.10 (The absolute value of the change)
1.10 divided by 8.65 equals 12.7%
That is the % change. Not the absolute value of the change.
I know, I know…it’s getting over your head…sorry…old habits…

 

[freakyguy666]

Your lack of experience is not an excuse for your ignorance….

If interest rates were at 10% and they drop to 5%, would it be incorrect to say rates have dropped by half (aka 50%)? That means the amount of interest you would potentially pay dropped by half (again aka 50% in case you missed it!).

Similarly if I had a mortgage at 8.65% and then was offered one at 7.55%, the amount of interest would drop commensurately with that difference—to put it in terms you might more easily understand, you would pay 12.7% less money…and that is because that is how much the rate dropped as a percentage of the total.

You have succeeded in demonstrating not only your ignorance but also the inability to grasp basic concepts. Not surprising for one making bad decisions….

 

[freakyguy666]

You just reinforced my last point. Congrats!

 

[Art O'Connor]

A lot depends on how you treat the battery. Super rapid (480v) charging will degrade the battery faster than 220V charging. I have a solar house; so charging will be free at 220v.

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