On: How I Spend My Attention

[sokoloff]

Profound effect of a one-time 50bpps fee on mortgage refis between $125K and around $510K (whatever the conforming loan limit is in your area)? That’s maybe $2000 on average and that for someone who’s probably living in a $600K+ home.

How many hours would you spend watching and fretting about the news to avoid this (and similar) couple thousand dollar “profound effects”? You’d probably be better off learning to change your own brakes or do some other part of home maintenance. Financially, time-wise, and mentally.

[lostmsu → sokoloff]

So that's just one topic of news articles, that might have a cost of $2000. And no, I don't think ability to change own brakes is more valuable.

But the point is - it is a relatively good example of something, that affects a lot of people.