IkmoIkmo

19 ms·

91.
by IkmoIkmo 5y ago
True but that hasn't really changed compared to before.
92.
by IkmoIkmo 5y ago
Yep, two points to add to the monthly costs approach: 1) you still have to correct the nominal monthly fees for nominal income levels of households, roughly 50k in 2008 to 70k today. https://fred.stlouisfed.org/series/M
93.
by IkmoIkmo 5y ago
In the past year there've been articles about NYC's decline due to the many people leaving the city, unwilling to pay enormous rents when much of the city is closed for a year. With that, three of NYC's motors (continuous inf
94.
by IkmoIkmo 5y ago
Yeah it's a bit sad the BBC article starts with saying you need to drink 6 to 8 glasses of water daily, which is a myth, which the BBC has written about multiple times before e.g.: https://www.bbc.com/future/articl
95.
by IkmoIkmo 5y ago
Not sure I noticed anything like this myself. I did see however, around 30, a massive change in work/life balance. I went from a rather care-free person in my twenties, who took all vacation days he could, worked part-time for stints i
96.
by IkmoIkmo 5y ago
I honestly just don't get who is really using Facebook. My parents aren't on there, kids aren't on there (my friends are teachers). I have friends (30yo) who removed accounts. Not a single close friend whose account remains p
97.
by IkmoIkmo 5y ago
I just downloaded it and tried the first 100 TikToks after expressing my interests explicitly and putting 'personalised' ads and app sharing on... I know it takes a while to get an algorithm going but, I was thoroughly bored with
98.
by IkmoIkmo 5y ago
> I agree that many Youtube videos are tedious and needlessly dragged out, probably caused by focussing on time spent as KPI. Too many Youtube videos nowadays give a strong vibe of creators being made only for the money. Yep, and honestl
99.
by IkmoIkmo 5y ago
Well-paid/experienced partners, yes. Starting salary for partners is around 300k at a big four. That's true for FAANG starting salaries, too. The only difference is it takes 15 years to make partner at a big four, whereas (especia
100.
by IkmoIkmo 5y ago
Yup. I'm from Amsterdam, the Netherlands as an example. A ton of the city and country has been built with brick. But modern construction typically is built with concrete with a thin facade of brick infront. The brick is just cosmetic,
101.
by IkmoIkmo 5y ago
> We don’t need to solve just for the physical actions, but also for the human experience of building and the feeling of mastery. Particularly for physical trades. Why? At the end of the day there'll be two companies offering to bui
102.
by IkmoIkmo 5y ago
Sounds super simple but I've literally never done this in 30 years. Will be moving homes in a month (if all goes to plan), and I'll certainly do this before I move!
103.
by IkmoIkmo 5y ago
There'll always be generational differences. FIRE is no different from normal retirement, only it's taken to greater lengths. Normally people in generation X spend the first 40 adult years producing goods & services, partly co
104.
by IkmoIkmo 5y ago
I wouldn't be at all surprised that there's going to be slowdowns of growth in various areas, some things are by definition going to be constrained in terms of space/resources. (e.g. growth of # home units in New York City) I
105.
by IkmoIkmo 5y ago
Cheap clothes, cheap flights, cheap music, movies, cheap food, longer life expectancy, bigger homes with smaller household sizes, cheap washing machines and various appliances, all with far fewer working hours, and far less household work w
106.
by IkmoIkmo 5y ago
I'm entirely clueless as to how to measure productivity at scale in a standardised manner. For example, washing machines create a lot of extra leisure, because it makes humans productive. A washing-machine assisted human can was 100x a
107.
by IkmoIkmo 5y ago
> I’m not sure how charging taxes on landlords is spending public funds that they would have otherwise had if that tax was not present. There’s no loss of public funds here. It's not, but giving tax breaks to home owners is. Giving
108.
by IkmoIkmo 5y ago
It's a fair point that there's some buying for store of wealth, but if that's the problem, address it, not something else. Amsterdam (my city) for example fines for homes left empty, either you live there, rent it out, or get
109.
by IkmoIkmo 5y ago
> Imagine if it was cheaper to buy a house and service the mortgage on it, than to rent. In such a case, is the rental market still a great thing? What I'm trying to say is that if the government is manipulating the market by giving
110.
by IkmoIkmo 5y ago
> What needs to happen is owner occupiers are given a competitive edge when bidding for a property over a landlord. Hence more taxes and disincentives for buy to let purchasers. A vibrant rental market is a great thing for many reasons (
111.
by IkmoIkmo 5y ago
These investors want tenants. The more supply, the more (ceteris paribus) rents drop. The more rents drop, the lower the rates of return on the home, meaning the asset is worth less and prices drop for those buying homes, too. Supply leads
112.
by IkmoIkmo 5y ago
If you look at income and ignore their wealth, maybe it seems strange. But they have > 1.4 million in equity. They're allocating < 15% of their equity. At the end of the day they'd be sitting on a mortgage that's only 2
113.
by IkmoIkmo 5y ago
It's likely simply scarcity related. If you can borrow 800k based on your income and you accept 200 square metres for that price, and there is such scarcity (100 viewings per home, 2% success rate) that you're unable to find a hom
114.
by IkmoIkmo 5y ago
Sure but average household income is about 100k, home prices 1 million or 10x that figure. Even with the low interest rates you can't qualify for mortgages much more than 5x your income, even if you wanted to, so it'd mean there&#
115.
by IkmoIkmo 5y ago
Hard to say... Household income and home prices average about 100k & 1million respectively in NZ. That makes sense at ultra-low interest rates of -1 to 1%, but not at the rates of NZ (>3-5%). Loan-to-income probably averages about 5x
116.
by IkmoIkmo 5y ago
Are there any nice Chrome extensions to expand on Google that anyone can recommend? Would be nice to have a default Reddit setting, or a 'search reddit' button on Google. There's a couple other ones as well besides Reddit, pa
117.
by IkmoIkmo 5y ago
Renewables seem to be growing quite fast, the fear I have is that electrification may take longer. Car transport seems to be 'solved' (just needs roll-out over decades). But many other industries may take more time. Electricity is
118.
by IkmoIkmo 5y ago
> House prices are going up because there aren't enough of them. It's an interesting premise, I'd love to see more data on this. It's a very common claim but at least on a macro level there's a lot of indicators
119.
by IkmoIkmo 5y ago
I hate this global trend of talking about real estate prices in yoy terms (without mentioning that, particular in the title), by month. e.g. in this case, prices increased in May by 2% percent, such that they ended up 17% higher than May 20
120.
by IkmoIkmo 5y ago
I really can't stand these long-form articles that just take ages to get anywhere. For example, at some point the article notes he didn't get to the truth until two epiphanies that obliterated his self-image. Then there's lit

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