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]
A 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.