fbonetti

12 ms·

61.
by fbonetti 7y ago
1. Most of the buildings in NYC are already illegal according to modern zoning laws 2. It's not always profitable or practical to tear down a building. Tearing down a 3-flat and replacing it with a 4-flat, for example, would not be eco
62.
by fbonetti 7y ago
> The shortage isn't about the amount of available housing at all Yes it is. That's literally all there is to it. A housing shortage by definition means that there's not enough housing to satisfy the demand. > it's
63.
by fbonetti 7y ago
> No. The literal definition of the economic drag on value creation is "rent seeking". No, that's not the literal definition of "rent-seeking", not even close. I really wish this term had a different name because
64.
by fbonetti 7y ago
I don't understand this viewpoint at all. I own multiple properties and the only "work" I do is stuff that I like (minor repairs and renovations). I hire someone else to do all the stuff I don't like or don't have t
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by fbonetti 7y ago
Hackernews needs a bot to correct people every time they incorrectly use the term "rent-seeking". Here's a hint: it has nothing to do with real estate. I see this term misused on a daily basis here.
66.
by fbonetti 8y ago
As noted by the economist Luigi Zingales in his book "A Capitalism for the People", companies that are receiving subsidies (or other favorable treatment from the government) are highly incentivized to keep receiving those subsidie
67.
by fbonetti 8y ago
> ...you can't be fired without cause. Normally you'll have to be told that you're underperforming, be put on a "performance improvement plan", and have to be given time to improve yourself, or demonstrate that y
68.
by fbonetti 8y ago
“Tokyo is one of the few cities in which supply has kept up with demand, keeping a crisis from developing. But that is due largely to deregulated housing policies that other countries would have a hard time reproducing.” This “crisis” is co
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by fbonetti 8y ago
Just get a headlamp that can be angled down.
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by fbonetti 8y ago
"Rent-seeking" has a specific meaning in economics and has absolutely nothing to do with real estate.
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by fbonetti 8y ago
There’s a middle ground between living next to a landfill and living a city that has been so completely ossified by zoning that no new housing can be built.
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by fbonetti 8y ago
They don't. I don't know where your getting this idea from. The tiny origination fee that lenders charge is nothing to compared the amount of interest earned over the life of the loan. A lender would much rather have steady income
73.
by fbonetti 8y ago
How would you handle a situation where the underlying data needs to be transformed? For example, converting a text column to an int column?
74.
by fbonetti 8y ago
Same as any other city: zoning. People want to live in cities and local governments won't allow developers to build more housing to accommodate them. The rare scraps of land that are zoned properly for high density are developed into l
75.
by fbonetti 8y ago
Without a lien on the property this type of business model, where the company pays for tens of thousands of dollars worth of equipment up front to private individuals who may not have any other assets to be used as collateral, simply wouldn
76.
by fbonetti 8y ago
> An important take away from this article is simply the perils of home buying ... it's really easy to make a very expensive mistake. This article was interesting but I don't think the author was at any risk of making a financi
77.
by fbonetti 8y ago
1. There already is an incredibly accurate predictor of recessions: the 10 year vs 2 year yield ratio. 2. The NBER defines a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months,
78.
by fbonetti 8y ago
Why bother investing it at the point? What’s the advantage over holding cash?
79.
by fbonetti 8y ago
From the employee's side, there's too much risk and uncertainty around PTO when leaving a job. It's easier to just take a vacation before putting in your notice than to haggle with your employer after the fact, when you have
80.
by fbonetti 8y ago
There's a big difference between criticizing of the government and believing that the government is poisoning us with chemtrails. Hardcore conspiracy theorists are severally mentally ill and these conspiracy channels on Youtube only s
81.
by fbonetti 8y ago
Unless the value of the points you're getting are worth at least 2.5% cash back (which I doubt is the case), this is a pretty bad deal.
82.
by fbonetti 8y ago
The thing that makes it a bubble is that the supply is artificially constrained by local zoning laws. Eventually people will be fed up with the situation and they'll vote for a government that'll allow more development, at which p
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by fbonetti 8y ago
The Chicagoland metro makes up 75% of Illinois' population. Illinois would just be a corn colony without Chicago. But I will agree with you that Illinois is, politically speaking, a mismanaged dumpster fire and has been for decades in
84.
by fbonetti 8y ago
Or open the page in incognito.
85.
by fbonetti 8y ago
Wow, you weren't kidding. The Fed dropped the funds rate down to nearly zero by December 2008.[1] It took the European Central Bank until June 2014 to bring their interest rate down to the same level.[2] They even had a couple rate hik
86.
by fbonetti 8y ago
>Aphorisms aside, yield curve inversion is rare. ^^^This guy/gal gets it. The 10-2 treasury yield spread is currently at 0.16 and has been steadily falling since the beginning of 2014. Since the 1950s, every time the 10-2 spread dip
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by fbonetti 8y ago
Document DBs are like blockchain projects - overhyped and worse than existing solutions for nearly every use case. Why do ostensibly smart engineers keep falling for this stuff?
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by fbonetti 8y ago
The term "climate change" is tailor-made for idiots who think that global warming means that it won't snow anymore.
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by fbonetti 8y ago
Who should I trust, 97% of climate scientists or some edgy contrarian on the internet?
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by fbonetti 8y ago
Yeah, but what can you actually do with it ? The killer use case for smart contracts so far has been Ponzi schemes and gambling games. I have yet to see a smart contract actually do anything useful/legal.

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