Web Excursions 2021-10-12

Millennials Team Up to Fulfill the Dream of Homeownership by wsj.com

  • Since 2014, when millennials became the largest share of home buyers in the U.S., the number of home and condo sales across the country by co-buyers has soared.

    • The number of co-buyers with different last names increased by 771% between 2014 and 2021

  • [Reasons for the trend]

    • The pandemic

    • A desire for more working and breathing room coupled with high housing prices

    • cultural factors

      • Many millennials are putting off getting married and having children until later in life than previous generations,

      • but not all of them want to live alone.

  • [How to setup a legal framework for the co-ownership]

    • joint tenancy is more popular among unmarried couples or family members,

      • because it allows owners to pass along their ownership rights to their co-owners in the event of their death.

    • Tenancy-in-common agreements

      • are more popular between friends and roommates who prefer their ownership to pass to their heirs rather than their co-owners.

    • Another option for groups who plan to rent the property or don’t use it as their primary residence is to form a limited-liability company (LLC),

      • which can provide co-owners with protection from individual liability.

      • But doing so can eliminate some tax benefits of homeownership, like mortgage-interest tax deductions.

  • Beyond deciding on an ownership agreement, there are other factors for co-buyers to consider,

    • such as how to divide equity and mortgage payments.

  • It’s kind of like a marriage in that sense

    • in that everybody has rose-colored glasses at the beginning,

    • but later on when reality sets in, you’re going to need a way to terminate the relationship fairly

  • In some agreements, a co-owner may be allowed to sell their shares to another buyer,

    • so long as the other co-owners can vet and approve the new buyer.

    • Otherwise, owners may have the option to buy one another out or sell the property following a valuation.

    • Typically, a holding period of three to five years is written into the agreement, during which a co-owner cannot sell their shares

  • For groups without agreements in place, or those who have not waived their right to partition in an agreement,

    • any co-owner can force a sale of the property at any time.

    • Without a proper exit strategy in place, says Mr. Sirkin, co-owners risk ending up in litigation.


Which Version of JDK Should I Use? | whichjdk.com

  • To build and run Java applications, a Java Compiler, Java Runtime Libraries, and a Virtual Machine are required that implement the Java Platform, Standard Edition (“Java SE”) specification.

  • The OpenJDK is the open source reference implementation of the Java SE Specification, but it is only the source code.

    • Binary distributions are provided by different vendors for a number of supported platforms.

    • These distributions differ in licenses, commercial support, supported platforms, and update frequency.

  • [Recommended] Use Adoptium Eclipse Temurin 17 and

    • ensure that your local version matches the CI and production version.

  • [Not Recommended] OpenJDK builds by Oracle (jdk.java.net)

    • Oracle provides OpenJDK builds for Linux, macOS and windows in a compressed archive format.

    • These builds will only be updated for a 6 month period. Updates and security patches will not be available after this short period.

      • This also applies for LTS versions

    • E.g. the latest OpenJDK 11 build was 11.0.2+9 while the current OpenJDK version is 11.0.12+7.