ihyfhgyfhth

4 ms·

1.
by ihyfhgyfhth 5y ago
I suggest without proof that the west could accommodate more people without adverse effects on the environment if construction preferences were different. The new construction methods, building types, and communal land management strategies
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by ihyfhgyfhth 5y ago
You know, you're not wrong. Inflated asset prices can last a long time. Fundamentals win in the end, but the end can take longer than a person's career. "The market can stay irrational longer than you can stay solvent".
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by ihyfhgyfhth 5y ago
The western united states maintained its wilderness areas through a culture of conservationism that isn't remotely respected by the new arrivals. I've spent the last two decades watching paradise be paved for a parking lot.
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by ihyfhgyfhth 5y ago
This is the correct identification of cause that people don't want to accept.
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by ihyfhgyfhth 5y ago
Total Housing Estimate - https://fred.stlouisfed.org/series/ETOTALUSQ176N Vacant Housing Estimate - https://fred.stlouisfed.org/series/EVACANTUSQ176N So, looks like closer to ~11% as of that data.
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by ihyfhgyfhth 5y ago
Buying GME to offset losses in real estate is the most 2021 thing I've heard. I don't know if I should laugh or cry. The only thing I have to say is that I would expect the government to push more federally backed mortgage loans a
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by ihyfhgyfhth 5y ago
12% of US detached housing is vacant. Property is being held by speculators who are betting that interest rates will fall and increase the value of property. No amount of supply will meet the demand of an asset class that increases in value
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by ihyfhgyfhth 5y ago
Right. Property values are highly correlated with incomes, because that determines what purchasers or renters can afford. Interest rates determine how much of a loan a purchaser can service. So, low rates allow purchasers to bid up the pric
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by ihyfhgyfhth 5y ago
That would require interest rates to rise - which would pop the current asset prices and lead us into a decadal global recession. There is no way out. Get out of debt and hoard as much as you can. Bad times are coming.
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by ihyfhgyfhth 5y ago
I would surmise the traditional belief of western philosophy thusly: 1) I do not have perfect knowledge. 2) Good, or at least better, ideas will implicitly produce better results over long periods. 3) It is immoral to control the lives of o
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by ihyfhgyfhth 5y ago
Yes, exactly. https://betterdwelling.com/canada-says-property-bubble-not-g...
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by ihyfhgyfhth 5y ago
I agree with you. The interest rate is the "price" of money. Central banks controlling the interest rate effectively practice price controls for debt. Much has been written about price controls, but fundamentally they create ineff
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by ihyfhgyfhth 5y ago
I don't think anyone has mentioned this. The Forbes list of 100 wealthiest people will exclude people that ask to be excluded. All of the excluded people have inherited their wealth and all of them are so wealthy they would push out an