701–710 of 768 posts
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Can’t said tenant just buy a house then?
Because homes are overpriced, because they're treated as capital instead of a durable good & because all financial / building policy advantages existing homeowners
Overpriced or not, people still buy.
The sooner we collectively decide that housing shouldn't be a market, the better. We all need it, and we should figure out mechanisms to make it available to all. Practically that means paying to build and maintain housing stocks, changing tax incentives so developers are incentivized to build more housing and less luxury housing, charging a premium for unused land in desirable areas (parking lots don't house people)…
The inevitable outcome of housing inflation and elimination of the middle class is slums: illegal housing. People will have to live somewhere. And when that becomes unaffordable they'll just improvise. This is not a technical problem but a policy problem. The solution is changing the policy. The current policy is to drive up housing prices by creating completely artificial scarcity. All the land is owned and earmarke…
Essentially, a big corporation could buy cheap rural land close to a big city, develop a small city there and reap the "overpricing" benefits.
But it's very expensive to build the basic infra. And even more expensive to convince enough people to move there and create minimum network effects for it to become a "real" community and livable space.
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No true scotsman, ay? Yes, there are many artificial constructs that prevent true free market, but I still do not believe that capital accumulation by capital overs is not an property of this idealistic system. Do You have any real example of invisible hand working (by which I mean not ending with the top dogs holding all the bones) ?
You acknowledge the imperfection of the private sector, including wasteful spending. Now imagine that except with the power to waste even more money by sending an IRS agent to take your money at gunpoint and without being constrained by (at least if 'turtledove' word to be take) a ' profit motive'.
I do not believe that this is it - there have to be other better constrains combinations. It just that there is so much vested interest in current system that no one will dare to contest it enough to really try something different.
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Housing is fungible in a remote work world. So construction in cheaper locales can help reduce costs in HCOL areas. E.g. people migrate from CA to FL, reduces number of households in CA. Not for local jobs of course But anyway, beyond fungibility, demographic trend is towards population decline. Spread between population growth and rate of new home construction is at an all time high. And even CA recently passed a la…
As long as going to the same bar as your boss during happy hour leads to a promotion, career progression + economic opportunity will be tied to geography. Barely any companies operate like Gitlab does. Demographic decline is a much bigger problem to solve, not something that should stop us from taking action.
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You acknowledge the imperfection of the private sector, including wasteful spending. Now imagine that except with the power to waste even more money by sending an IRS agent to take your money at gunpoint and without being constrained by (at least if 'turtledove' word to be take) a ' profit motive'.
Profit motive is so primitive and so one dimensional constrained and yet it somehow mesmerized so many thinkers that we build build "golden idols" in praise of it ( https://en.wikipedia.org/wiki/Charging_Bull ). I do not believe that this is it - there have to be other better constrains combinations. It just that there is so much vested interest in current system that no one will dare to contest it enough to really t…
Is this a rebuttal to turtledove for introducing the notion of 'profit motive?' His introduction is the source of our discussion on 'profit motive.'
>(https://en.wikipedia.org/wiki/Charging_Bull).
The beautiful thing about art is you can interpret it however you want. You interpret it as a "golden idol" of the profit motive. I could interpret it as an angry bull sick of the ways of capitalism; a bull that wants to inspire free health care for all.
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> but if there are buyers, competition, and houses are continuing to move quickly, They’re not though. Thats the whole problem. Asset bubbles can inflate the paper value and there might still be some trading activity. But if nobody can actually buy the asset, it’s pretty much useless.
That is what they are saying though - people are actually buying the assets? All anecdotes I have seen recently say that houses go off market very quickly.
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As long as going to the same bar as your boss during happy hour leads to a promotion, career progression + economic opportunity will be tied to geography. Barely any companies operate like Gitlab does. Demographic decline is a much bigger problem to solve, not something that should stop us from taking action.
My director who according to levels.fyi makes 1 million dollars a year is fully remote. If that's the remote ceiling, than I am A ok with it.
The averages say otherwise and I would bet continue to do so if we check-in, in a decade.
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In the US, 15, 20, and 30 year fixed are boring standard mortgages, with various adjustable rate mortgages available from 1-10 years (and even some interest only products, where you’re essentially just renting the property from the bank and not building any equity).
Agreed except for your mischaracterization at the end. An I/O mortgage is a leveraged asset speculation you live in, without the “forced low interest savings” of traditional mortgages.
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Profit motive is so primitive and so one dimensional constrained and yet it somehow mesmerized so many thinkers that we build build "golden idols" in praise of it ( https://en.wikipedia.org/wiki/Charging_Bull ). I do not believe that this is it - there have to be other better constrains combinations. It just that there is so much vested interest in current system that no one will dare to contest it enough to really t…
>Profit motive is so primitive Is this a rebuttal to turtledove for introducing the notion of 'profit motive?' His introduction is the source of our discussion on 'profit motive.' >( https://en.wikipedia.org/wiki/Charging_Bull ). The beautiful thing about art is you can interpret it however you want. You interpret it as a "golden idol" of the profit motive. I could interpret it as an angry bull sick of the ways of ca…
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> those vacant homes are not necessarily in places people live or want to live Good point, although i would like data to back that claim. For example in France, 200k empty dwellings are in Paris alone: this does not account for vacant industrial/office space which could also be converted to housing. In all cases, *proposing* (without coercion) homeless people a house somewhere does not sound inhumane at all. > there…
>For example in France, 200k empty dwellings are in Paris alone Source? A quick search only turns a figure half of that: https://www.statista.com/statistics/1290578/number-homes-par... Also, just because it's "vacant" doesn't mean it can actually be used to house homeless people. It could be undergoing renovations, or on the rental market.