lottin

12 ms·

151.
by lottin 2y ago
These aren't examples of houses kept vacant intentionally by speculators. The first articles literally says in the headline that the houses are empty because "no-one wants to buy them". The second one states that the reason
152.
by lottin 2y ago
That's not how businesses work. Nobody spends millions building a house so that they can leave it vacant once it's finished.
153.
by lottin 2y ago
Sorry, but I fail to see how owning an abandoned building is MORE profitable than having people living there and collecting rent on it, even if that means that you have to spend part of that income on maintenance costs.
154.
by lottin 2y ago
I don't think that this is the bet. The bet is that the market will not discount the extra repair/maintenance costs that the buyer will have to incur, which is a ridiculous proposition. Speculators gain nothing from letting the
155.
by lottin 2y ago
Right, because a run-down building sells for the same price as one in good shape.
156.
by lottin 2y ago
Yes, I understand that selling a rented property can be less profitable than selling a property without a rent contract. But holding on to a property that generates no income is even less profitable.
157.
by lottin 2y ago
If investing in housing is made less profitable, there will be less investing and consequently less supply in the long run, thus making the housing problem worse.
158.
by lottin 2y ago
Absolute nonsense. Why would a "speculator" refuse to rent out their property and make a profit out of it?
159.
by lottin 2y ago
I never said that the evidence proves that conscious machines are impossible. I said it strongly suggests that it's impossible. Also I disagree that air-planes can fly, for the same reason that I don't agree that boats can swim.
160.
by lottin 2y ago
Because the evidence strongly indicates so: we haven't found a single instance in the entire universe of a conscious entity that wasn't also a living being.
161.
by lottin 2y ago
Banks are not a middleman between you and the central bank. A central bank isn't a bank in any way, shape or form, but a regulator and supervisor of the banking system.
162.
by lottin 2y ago
I think the main ingredient is a living being.
163.
by lottin 2y ago
But in this case you're not talking with a real person. Instinctively, I dislike a robot that pretends to be a real human being.
164.
by lottin 2y ago
Sure but the idea that the "little guy" doesn't stand a chance against the big hedge funds does seem baseless.
165.
by lottin 2y ago
I asked if we have evidence because the author made an interesting point in a recent interview on the "Bankless" podcast: "When we hear people like Tether saying we're successfully banking the unbanked, you can look at t
166.
by lottin 2y ago
Do we have any evidence? Why would anyone use a USD derivative instead of just USD?
167.
by lottin 2y ago
I was referring to her analysis of historical stock returns, where she spends 6 paragraphs out of 7 making the point that the majority of stocks historically have performed poorly (according to her analysis).
168.
by lottin 2y ago
As far as I know, the majority of hedge funds do not outperform the market in the long run, so I'm not sure where you get this conclusion from.
169.
by lottin 2y ago
Apparently she still hasn't figured out that it's possible to invest in the entire market of stocks and bonds. Therefore it doesn't matter that most of them perform badly (by some arbitrary standard), as long as they perform
170.
by lottin 2y ago
If you want to discuss the monetary system, you should at least have a basic understanding of it. Otherwise you're wasting everybody's time, including yours.
171.
by lottin 2y ago
To be clear, the issuance of debt by the US government does NOT increase the money supply. It would if the US government took loans from the banking system, but that's not how governments get funding. I'll leave it here, because
172.
by lottin 2y ago
Well, I don't even know where to start. I will give you just one example: "The BRICS currency supply formula aims to maintain a constant or increasing value of the currency, while having a dynamic supply. This is achieved by adju
173.
by lottin 2y ago
As an economist, it's clear to me that the article has been written by someone who's thoroughly unfamiliar with the subject matter of economics. If you want to write about these topics, and be taken seriously, you need to study a
174.
by lottin 3y ago
In your books, your bank account is an asset, and therefore an increase in the balance is recorded with a debit. In the bank's books, it's the other way around.
175.
by lottin 3y ago
That's not a killer app. We already have money transfers.
176.
by lottin 3y ago
Exactly. I mean, you don't even have to trust financial institutions. You only have to trust the institutions that are in charge of maintaining law and order. Everything else follows from that. And if you can't trust those, the
177.
by lottin 3y ago
What?
178.
by lottin 3y ago
Why would the internet change forever when people can reliably send $0.001 with no fees?
179.
by lottin 3y ago
This reply sounds so fake that in my opinion should be enough to rule out any hint of intelligence. However if you insist I'd continue with this: "I'm not a fan of dogs. I do know a few dogs though. Sometimes I invite my ne
180.
by lottin 3y ago
I don't have a GPT account. I would start with: "Do you like dogs?" Next question: "Why?"

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