That’s because they didnt get the 2/3 in the Senate they needed to remove him. But they need that 2/3 to 25th him… So yeah.
Plus if they 25th he can just write a letter saying he is competent and resume being president whenever he wants.
Honestly kind of more people than I expected. Who wants to listen to JD?
Found the details: $$$
Yup, we have an insane amount of laws and no one can actually read through and remember the entire legal code.
The average American unwittingly commits 3 felonies a day.
Jesus Christ just go for impeachment. If you can 25th, you can impeach. What a waste of time.
From their job or the same place they get money to pay a traditional mortgage?
Let’s say the borrowed amount is $250,000, so you owe $500,000. That’s a 1,400 monthly payment. So 7 people get paid each month, or 84 a year. By the end of the period you have paid out all 2,500 lenders.
(I am using $100 and $200 repayment and $250k to make the math easier and more round. Oddly it is close to current interest rates)
Fascinating. Is there a term I can search to learn more?
Longest or shortest flight ever depending on the trip…
Smart. They would probably think your a prophet if you could do things like that. I think the hardest part is convincing them into at least a semi industrialist type mindset.
Interesting! Did everyone have their mortgage paid off or do lenders accept that kind of insurance? Who manages the funds?
So the idea is its a cross between charity and gambling, who gets paid when is the gambling. It’s a feature.
Also, I don’t think your math is taking into account the $200. You borrow $100 and pay back $200, the interest is baked into the repayment amount. It’s a gamble, the people paid in year 1 get hella interest. The people paid back in year 26 basically break even on inflation and people paid back in year 30 lose money.
But I am fascinated to know what procedural hurdles one would face trying to set something like this up.
Well one of the other 2,500 people might, so it’s there to give the legal protections they need to recoup their investment. But I agree, a majority of people wouldn’t see it as an investment. I would have no problem giving dozens of acquaintances $100 if I knew for sure it would lead to them getting a house.
I did a quick skim of that website and it seems to be marketed towards the opposite side of the equation, the investors.
My idea is more about the mortgage and using crowd sourcing in social circles. The way I have structured the “investment” in my scheme is purposefully done to reduce lender animosity by making the payout more of a gamble, than a traditional investment.
I have been toying with ideas to even further tweak the model to increase investment. For example giving slightly better odds on repayment to investors that have used the platform/process to procure their own mortgage.
I think you mitigate that by the related party knowing that repayment could be 30 years later. Its more like buying a low pot raffle ticket then a regular loan.
I always wondered if I got dropped off into 1650s North America if I could get the Native Americans technically advanced enough to have semi autos by the time I die before the huge colonizer/settler events happen.
I bet even just muskets and penicillin could have tipped the scales.
No way… I saw someone say you could change it from .pdf to .mov on tiktok to turn in them into videos. But it was tiktok so I was like “no way this is true”
This is amazing… Now I wish I had a 3D printer. Maybe I can find a friend to make the case parts for me.