Viewing a single comment thread. View all comments

unnecessarycolon t1_j8o0s47 wrote

Reply to comment by Qwerky411 in Apple Pay Later nears launch, company will use past spending with Apple to evaluate creditworthiness. by SUPRVLLAN

The top specced Mac Pro could be a down payment on a house

122

abrahamisaninja t1_j8oaysg wrote

wow a fully specced mac pro is $52,348.00

75

leostotch t1_j8p6f1v wrote

That’s a down payment on a really nice house.

19

papercutninja t1_j8pnhj2 wrote

That’s half the down payment (20%) on the average new home purchase as of this year.

16

leostotch t1_j8po6iv wrote

20% down isn’t really standard anymore, though.

4

papercutninja t1_j8pp27j wrote

Look at that, it used to be 20%. Now it’s anywhere around 3-7%.

9

leostotch t1_j8pqhk0 wrote

Yeah. Up for discussion whether that’s a good thing or not, but I was just as surprised.

6

SlowMotionPanic t1_j8rb3zt wrote

A sad state of our economic situation unfortunately. People will be paying high cost, no benefit (for them) mortgage insurance in lieu of that full down payment for at least 10 years. Considering the average lower premium these days (given prices) is around $1,500/yr that shit really adds up once one realizes they still need property insurance and taxes paid.

I’ve seen many people in my life get excited for an FHA loan since they can afford the tiny down payment, only to realize they can’t actually afford the true full cost because of PMI + escrow.

But if it helps escape being locked in renting then it almost always makes sense.

1

SirMaster t1_j8puob3 wrote

Huh?

The average home price is like 350K, so it's 100% of a 20% down payment.

But I would do a smaller down payment personally. I can make a way higher return on the cash than the mortgage rates even at current rates.

2

papercutninja t1_j8pv7b4 wrote

$350k is average on home purchases, not new home purchases.

In other words, newly built homes, not new-to-you homes.

And it seems my Google ignored my query of “Average cost of new home purchases in the US” and instead just gave me Idaho homes.

My b everyone.

0

flickh t1_j8pc1d0 wrote

Who needs this? Is it running the Mars rover command center? Is it managing America's entire nuclear arsenal? Is it replicating Ronald Reagan's brain in realtime? Is it composing Hamlet III?

3

IronManConnoisseur t1_j8ulfb6 wrote

It is for enterprise.

1

flickh t1_j8undj4 wrote

"We realize quite well that the Enterprise computer system is definitely overpowered in terms of twentieth-century computing applications. On the other hand, the history of computer technology has shown that each time a faster, more powerful computer becomes available, useful applications quickly follow to take advantage of the new machines, which in turn spurs computer designers to build still more powerful machines. One might expect that such trends will yield enormously powerful computers, which one might reasonably hope may significantly enhance the quality of life, as they apparently do for the men and women of the Enterprise."

- Star Trek: The Next Generation Technical Manual

1

mellonsticker t1_j8pjwnr wrote

Considering a good portion of Apple's perception is as a status symbol...

That $52,000+ laptop is the ultimate flex.

0

mark0998 t1_j8opggj wrote

Uhm, I think I saw that MKBHD put that fully specced Mac in Apple’s trade-in program and got only like 1000$ for it so…good luck with that lol

17

unnecessarycolon t1_j8p2mga wrote

Oh yeah, the trade in prices are terrible. I was trying to say that the price of a Mac Pro could be equivalent to a down payment.

4

TechOutonyt t1_j8objl0 wrote

Some areas it could be a small house

11

Larsaf t1_j8p1vko wrote

In some places it doesn't cover a years rent.

5