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Google boss says AI investment boom has 'elements of irrationality'

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631–640 of 752 posts

Re: Google boss says AI investment boom has 'elements of irrationality'

#631
post #42

Earlier quoted context omitted.

You will be able to rent a whole Meta datacenter with thousands of NVIDIA B200 for $5/hour. AWS will become unprofitable due to abundance of capacity...

That's sounds nice. I can run FLUX or SDXL on all those NVIDIAs and fill the Internet with porn.

> fill the Internet with porn....

I have got news for you...

Re: Google boss says AI investment boom has 'elements of irrationality'

#632
post #473
post #471

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A decent Flat in Germany, for example near Stuttgart, with good connections with train is about 300k. There are credit lines for 25 years with relative low interest rates. For that you are way lower than 3k per month (assuming 0 downpayment). With 2 people working in a household, you can afford that. Granted, you will not be the "typical" german doing 3 times a year nice vacations. But doing a "real" 1 or 2 week vaca…

I live in the middle of nowhere in Northern Germany. A house where you wont have to tear down the whole place starts at 400k. And that's a basic small sub 100m^2 house with no garden. Sorry but I wont get myself into 40 year debt for a bungalow. After my father's death we sold our old family home for ~70k€ 15 years ago. It would have been in the 300-400k range nowadays. My salary certainly did not double - triple in…

Inflation and rich people buying asset class drives everything up

Re: Google boss says AI investment boom has 'elements of irrationality'

#633

Earlier quoted context omitted.

It's do-able, but the housing crisis needs to be resolved. People will never own a house if they didn't have skin in the game by 2021. Salaries are not rising to match housing price inflation. Specifically, both house prices and interest need to go down heavily. Sadly, they used higher interest to try to lower prices, and that didn't really bring prices down. More supply isn't helping much either, as there is no dive…

> house prices [...] need to go down heavily. As a layperson I have a feeling that's not going to happen. The working class has too much wealth tied up in their homes because US society and the government have encouraged people to treat it as a store of wealth instead of a box that shields them from the weather. People talk constantly about "getting on the property ladder", "buying more land because they aren't makin…

The uneven demographic curve shows that many elderly current homeowners will have to sell over the next couple decades due to death or moving into assisted living facilities. That will increase supply and reduce demand, although the impact will vary widely by region. Don't expect any major price reductions in popular areas but there may be further collapses in certain rural and economically stagnant areas. You can look at Japan for a preview of how that plays out.

Re: Google boss says AI investment boom has 'elements of irrationality'

#634

Earlier quoted context omitted.

A woman who intentionally went corporate and avoided having kids, and wasted her maternal instincts on someone else's profits, will suffer when their body clock catches up to them, and the company leaves them behind. You can't go back and get pregnant. And your marriage probably ended in divorce already anyway by now, which is a whole more amount of suffering.

Why do you feel the need to tell others how to live their lives?, frustration with your own?

I'm not telling them how to live their lives. I'm just predicting the path that is made based on the choices made.

Everyone is on a journey, and the path their journey takes is partially the choices made. People are allowed to think hard about their choices, and the choices of others.

If they want their path to go their, so be it, and but it's cruel to not discuss the ramifications of choices made.

Re: Google boss says AI investment boom has 'elements of irrationality'

#635
post #558

Earlier quoted context omitted.

Increased production has always just lead to more stuff being made, not more people unemployed. When even our grandparents were kids a new shirt was something you’d take care of, as you don’t get a new one very often. Now we head on to Target and throw 5 into our cart on a whim. Were there less weavers with machines now doing the job (or whatever?). Sure. But it balances out. It’s just bumpy. The big change here is t…

But nobody can afford stuff.

And yet in the real world people buying labobous at insane rates.

Re: Google boss says AI investment boom has 'elements of irrationality'

#636
post #605
post #534

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Having many kids is often because of a necessity like cheap workforce for the family or high child mortality. Kids can be fun but also can be really exhausting. How many kids are really born just for having am offspring and not because of other reasons. If people can consciously decide to have or not to have kids my bet is on falling birth rates. For stable population you need two kids per couple and first could be a…

I have a partner and we are the age where we need to decide if we want to have kids or not. Genuinely curious - what are some reasons to have kids aside from “just having offspring”?

Might sound cliche but it might shape you to become a responsible person from pure pressure.

If you are jumping around from project to project, odds are that lack of commitment stems from lack of pressure.

No one wants pressure though… it’s hell.

Re: Google boss says AI investment boom has 'elements of irrationality'

#637

Earlier quoted context omitted.

Exactly. Zoning laws affect lot sizes, remove them as in Houston or most other countries and the problem disappears.

Rural America often doesn’t have “zoning laws”. That hasn’t stopped my home price from more than doubling since 2012.

Zoning laws still influence rural prices! People fled expensive cities to more affordable rural areas due to city zoning, and that drove up prices in short term, as construction lags demand. Other factors (material costs, construction labor costs) had influence too

Re: Google boss says AI investment boom has 'elements of irrationality'

#638

Earlier quoted context omitted.

Why do you feel the need to tell others how to live their lives?, frustration with your own?

I'm not telling them how to live their lives. I'm just predicting the path that is made based on the choices made. Everyone is on a journey, and the path their journey takes is partially the choices made. People are allowed to think hard about their choices, and the choices of others. If they want their path to go their, so be it, and but it's cruel to not discuss the ramifications of choices made.

what if you are wrong in your conlusions and thinking?

Re: Google boss says AI investment boom has 'elements of irrationality'

#639

Earlier quoted context omitted.

Bingo! And that's on government. Remove (or relax) those now by decree and rent prices drop tomorrow

Government? Or the people? These are local government issues, they're not that far detached from the people who elect them.

Well, people and local government in most other countries have no option to set expansive zoning restrictions. It's the rules set up on higher level that enable this system

Re: Google boss says AI investment boom has 'elements of irrationality'

#640

Earlier quoted context omitted.

Supply is driven by demand unless there is a monopoly in house building (there isn't). If this wasn't the case, one could quickly become a billionaire by starting first company that build small houses that are supposedly in demand but not provided by the market

Why build a 500k house on your expensive lot when you can build a 1.5M house. Capitalism does not in any way optimize for the middle class

By the same token, why stop at 1.5M and not build a 15M mansion? Or 150M palace? Because you need to build what will meet the demand, not just most expensive thing ever that nobody will buy. Capitalism is the most effective mechanism to satisfy market demand for every group, if unrestricted by well meanjng but poor regulation that distorts the market
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