xorfish
Joined 9 years ago
Joined 9 years ago
https://ourworldindata.org/grapher/gdp-per-capita-worldbank?...
If you want to know how good the QoL in a city can be, you need to visit a European city that is not car centric.
Reducing car dependence is a good thing for the poor.
Parking costs a lot. It should not be subsidized.
You can do it in Switzerland:
If your bond 10y bond you bought two years ago pays 1.5% and you need to take on a loan at 3.5% for 8 years to be liquid, then you are still around 16% in the red. You will find that this is also roughly what the market will discount the bonds.
Selling the bonds now at their current valuation or taking on debt and hold them to maturity lead to roughly equivalent outcomes.
The MtM losses are real.
The cost of the loans should be in the same ballpark as the losses on the long term bonds.