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Airbnb bookings for the solar eclipse reach astronomical levels

economist.com

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Re: Airbnb bookings for the solar eclipse reach astronomical levels

#51

Post by larvaetron »

xyzelement wrote: post #26

As of this moment 100% of comments have to do with “I guess other people have a lot of money”. Very weird thing to be concerned about. Personally I didn’t care about the eclipse until recently. Then I realized then when the next one happens in North America, my son will be in his 20s and I will be in my 60s. I got the idea that it will be cool to (G-d willing) see that one together and remember how we saw this one to…

> As of this moment 100% of comments have to do with “I guess other people have a lot of money”. Very weird thing to be concerned about.

This has to be the most out of touch statement I've seen on HN in a long time.

Re: Airbnb bookings for the solar eclipse reach astronomical levels

#52

Post by xyzelement »

jylam wrote: post #44
xyzelement wrote: post #26

As of this moment 100% of comments have to do with “I guess other people have a lot of money”. Very weird thing to be concerned about. Personally I didn’t care about the eclipse until recently. Then I realized then when the next one happens in North America, my son will be in his 20s and I will be in my 60s. I got the idea that it will be cool to (G-d willing) see that one together and remember how we saw this one to…

> As of this moment 100% of comments have to do with “I guess other people have a lot of money”. Very weird thing to be concerned about. I like a total eclipse as much as the other guy but come on, money IS a struggle for many people, don't act like you don't know.

Other people always spend time and money in a way that is different how I spend my time and money. Who cares?

Re: Airbnb bookings for the solar eclipse reach astronomical levels

#53

Post by xyzelement »

larvaetron wrote: post #51
xyzelement wrote: post #26

As of this moment 100% of comments have to do with “I guess other people have a lot of money”. Very weird thing to be concerned about. Personally I didn’t care about the eclipse until recently. Then I realized then when the next one happens in North America, my son will be in his 20s and I will be in my 60s. I got the idea that it will be cool to (G-d willing) see that one together and remember how we saw this one to…

> As of this moment 100% of comments have to do with “I guess other people have a lot of money”. Very weird thing to be concerned about. This has to be the most out of touch statement I've seen on HN in a long time.

I try. But seriously, it's a very weird reaction. For example, a lot of content on here is about people nerding out on something deep - how would you feel if everyone started responding "I guess people have a lot of free time..."

Yes it's implied that people will spend time and money differently than how you would. So what?

Re: Airbnb bookings for the solar eclipse reach astronomical levels

#54

Post by skybrian »

tw04 wrote: post #37
NovemberWhiskey wrote: post #31

Earlier quoted context omitted.

The definition of inflation is "a general increase in prices"; it doesn't matter why that's happening. Do you think that stores weren't trying to sell products for the highest-possible price previously? Price-gouging is not what we're seeing here - there's no supply constraint. What we're seeing is just the market price.

>What we're seeing is just the market price. There is no market price when there is no competition. You cannot have a free market without competition.

That might be more true in some markets, but grocery stores are competitive, low margin businesses. There are lots of farms, too, and food comes from all over the world.

As we saw during the pandemic and with the start of the war in Ukraine, price increases often come after major supply disruptions or sudden increases in demand. Markets often don’t do well at adjusting after big surprises. There can be multi-year lags.

Re: Airbnb bookings for the solar eclipse reach astronomical levels

#55

Post by jprete »

spencerflem wrote: post #22
alephnerd wrote: post #4

Earlier quoted context omitted.

> Layoffs have been limited to tech And in all honesty, good. Tech Bros (myself included) needed to be cut to size. There was a lot of hubris by my peers in the 2010s.

A word in support of this I've also seen a pretty stunning lack of empathy from tech workers who unquestionably have it better than almost any other working class (non-owner/shareholder) groups. I'm not saying that its great that tech workers are being laid off, but I get the schadenfreude other would have after a decade of being told that the solution to their problems is to "skill up" and learn to code. The real pr…

The GP paints with a very broad brush. Probably the vast majority of tech workers know there's a problem but don't know how to solve it.

Re: Airbnb bookings for the solar eclipse reach astronomical levels

#56

Post by throwitaway222 »

NovemberWhiskey wrote: post #32
throwitaway222 wrote: post #25

Earlier quoted context omitted.

Of course. Everyone does.

The Japanese, who actually had it, didn't seem to think it was so great.

not true: https://foreignpolicy.com/2024/01/15/japan-economy-inflation...

Re: Airbnb bookings for the solar eclipse reach astronomical levels

#57

Post by selimthegrim »

Domenic_S wrote: post #41
art-not wrote: post #7

Earlier quoted context omitted.

I love the lack of sympathy for tech workers across North America or perhaps even globally, when tech hub salaries still don’t allow tech workers to even have a middle class lifestyle. Very few people I know get paid enough to buy a starter home within 2 or 3 hours of where they work. I get paid more than my non tech peers yet still functionally have less spending power than a 25 year old from 30 years ago, despite b…

> I get paid more than my non tech peers yet still functionally have less spending power than a 25 year old from 30 years ago This seems like some non-generic case specific to your situation and not representative of the average experience. The median income in 1994 for over-25-year-olds (men only!) was $25,465 [0], women was less than half of that. Let's go with the figure for men for the sake of discussion. $25,465…

Where does the farming come in for Akron - because everything had rubber tires?

Re: Airbnb bookings for the solar eclipse reach astronomical levels

#58

Post by selimthegrim »

dehrmann wrote: post #16
apwell23 wrote: post #8

Earlier quoted context omitted.

US middle class cleaved into two groups post pandemic: homeowners at 2% interest rates and everyone else. Its the new middleclass have and have nots. You have it pretty good right now if you are a homeowner.

In theory, those homes should start going down in value once people start selling because you can buy less home for a $2,000 per month mortgage payment. The market's weird right now because a lot of people with low interest rates can't afford to sell and buy something comparable.

Depending on the region of the country, a lot of people with low interest rates might be handcuffed by skyrocketing insurance from finding buyers

Re: Airbnb bookings for the solar eclipse reach astronomical levels

#59

Post by NovemberWhiskey »

shadowgovt wrote: post #36
NovemberWhiskey wrote: post #31

Earlier quoted context omitted.

The definition of inflation is "a general increase in prices"; it doesn't matter why that's happening. Do you think that stores weren't trying to sell products for the highest-possible price previously? Price-gouging is not what we're seeing here - there's no supply constraint. What we're seeing is just the market price.

> there's no supply constraint Where else are most Americans going to get milk than their local grocery store monopolies or duopolies?

A supply constraint means there's an inability to bring sufficient new stocks of the product to the market. Think: N95 masks during Covid, or gasoline in the run-up to a hurricane.

Selling toilet paper for $15 a roll when shelves are empty is price-gouging, selling eggs for 5% more than last year isn't.

Re: Airbnb bookings for the solar eclipse reach astronomical levels

#60

Post by NovemberWhiskey »

throwitaway222 wrote: post #56
NovemberWhiskey wrote: post #32

Earlier quoted context omitted.

The Japanese, who actually had it, didn't seem to think it was so great.

not true: https://foreignpolicy.com/2024/01/15/japan-economy-inflation...

The article says that negative real wage growth is what's making people unhappy, not inflation; much of it is spent discussing that deflation is actually a problem.
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