361–370 of 663 posts
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I'm curious, what do you mean?
he means he shorts the stock market... although it can be difficult to get the borrow when everything is tanking.
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Except the last time the markets dropped, real estate prices went up. If there is a problem, the Fed will drop interest rates, maybe even go negative, and that will cause bond rates and conceivably mortgage rates to drop as well. The Fed wants inflation, and most importantly home price inflation. They will do whatever it takes to stop deflation, they've already said this. Bernanke said he would drop bags of money out…
> If there is a problem, the Fed will drop interest rates, maybe even go negative, and that will cause bond rates and conceivably mortgage rates to drop as well. The Fed has very little room to drop interest rates and won't do so to prop up the NASDAQ while the economy continues to grow and add jobs.
And they can go negative interest rates which would be crazy, but it's happened before, and currently going on in Japan.
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The fact that they intermingle "add this person to my network" with "invite this person to LinkedIn" on that page drives me insane. I accidentally sent my friends a bunch of annoying messages to their school email addresses as I sat there clicking and asking myself, "How are we not connected, we've known each other for years?". Really we are but LinkedIn creates these shadow profiles for each of their email addresses…
When I signed up, I made the mistake of giving LinkedIn access to my Gmail address book. Somehow this meant they actually had access to a list of every person I had ever e-mailed, even if only once. So ever since then, LinkedIn has been trying to trick me into sending invites to people I've never met who I've briefly inquired about sharing an apartment with, various administrators at the schools I attended, and women…
[And yeah, I'm aware of people doing this for other services too, eg financial account management. Expecting they'll become further anecdotes later one... :(]
Please stop trying to remotely argue in favour of the ludicrous rent prices. The point isn't that some combos can work out, the point is that people shouldn't have to buckle down and "combo up" to afford a fucking apartment.
I never argued in favor high rent prices. I merely pointed out that they are more affordable, to more people, than you think they are. Your misplaced moral outrage is clouding your reading comprehension.
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I don't see the fallacy in it. It's just pointing out that a little time wasting at scale actually has a big impact.
The point is that everything at scale as an impact that looks big when aggregated... if you don't actually look at the scale. 135 out of 1B isn't big at all, it just looks big because of the biases we have when interpreting big numbers. Not mentioning the fact that the aggregation isn't very relevant (it's not like 135 people will have their entire life wasted while the others are not annoyed at all).
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I never argued in favor high rent prices. I merely pointed out that they are more affordable, to more people, than you think they are. Your misplaced moral outrage is clouding your reading comprehension.
Misplaced moral outrage? You're a complete clown in real life if you let yourself get swindled to a point of paying 2k/mo for rent. Have some self respect.
But what I spend is not relevant, because I never made any statements about myself. I was merely pointing out that the argument, "Tech employees making $200k+ are the only ones who can afford a $4k per month apartment in SF", is incorrect, and that many people who make less than $200k are living in apartments that cost that much.
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I never argued in favor high rent prices. I merely pointed out that they are more affordable, to more people, than you think they are. Your misplaced moral outrage is clouding your reading comprehension.
Misplaced moral outrage? You're a complete clown in real life if you let yourself get swindled to a point of paying 2k/mo for rent. Have some self respect.
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Tech employees making $200k+ are the only ones who can afford a $4k per month apartment in SF. If salaries drop then rent drops. I don't see this being a bad thing.
Two engineers with average compensation could split at apartment at that price, and many do. So do married couples with dual incomes.
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It’s probably even a too optimistic forecast. The readjustment of the market to reality is going to be a big issue, especially when one looks at just how many companies are operating at huge losses. Most people already know that it can’t continue like this. The good thing is, real estate values will decrease like the pay, so people can rent at cheaper rates in the bay areas. The bad thing is, those who have bought a…
Except the last time the markets dropped, real estate prices went up. If there is a problem, the Fed will drop interest rates, maybe even go negative, and that will cause bond rates and conceivably mortgage rates to drop as well. The Fed wants inflation, and most importantly home price inflation. They will do whatever it takes to stop deflation, they've already said this. Bernanke said he would drop bags of money out…