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Cake day: June 2nd, 2023

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  • The best description I have seen for single store franchisees is, you’ve paid a lot to give yourself a job. They are not lucrative, and in fact, are capital intensive, and often predatory.

    There is a very high up front cost, and you generally do not own the real estate. This means you are locked into 30 year leases, often with complicated terms that are solely beneficial to the land owner.

    Next, with regards to liquidity, if you don’t own the real estate, you often can’t get multiple business loans with a single franchise, so you must secure the loan with your personal assets, which means you will go personally bankrupt if you hit a rough patch.

    Then, after dealing with the complicated business to business transactions and legal work, you still have to deal with the corporate bullshit, taxes, and supervisory duties, particularly if you do not already have a strong business partner to do this for you.

    Pretty much, unless you are independently wealthy, own the real estate in a high traffic location, or already have multiple other franchises, it’s a losing venture that will kill your soul and eat every dollar you have.















  • The generalized approach in industry is to use API calls, and create classes to structure the data you receive as JSON or XML. At that point, it is entirely up to you how to format and display the data from your classes. Take a look at some of the Lemmy client code like Mlem, Memmy, or Voyager as examples. Though they have gotten more complicated, they all follow this client-server model for front end development.

    However, due to recent shenanigans around API and RSS by companies, mostly those looking to prevent AI companies from using their data for free, the alternative, much worse method is to take the HTML output from a standard web request, and try to reverse engineer the page information into a class structure. This sucks, breaks frequently, and requires you to code around ads and other junk on pages in order to get at the content.



  • SpacePirate@lemmy.mltoPersonal Finance@lemmy.mlSalary Needed To Buy a Home In The US
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    9 months ago

    What is the size of the “median” home in each area? Single family, or townhome, or condo?

    Given that this appears to be a median average, this graphic does not account for the extremely wide variance depending on the cases above. A two bedroom condo and a five bedroom single family home could easily have a $2000/mo variance in the mortgage cost.

    The other item that would perhaps be useful would be to call out what the down payment requirement is for each of these areas; ie, you can only achieve a $3000/mo mortgage if you’ve also put down $140,000, which is unachievable for over 90% of the country.