prottog

64 ms·

751.
by prottog 4y ago
I'm not sure if you're being sarcastic, but remote work aside, there are many second- and third-tier cities in the US that will pay a comfortable living wage relative to the cost of living and give you outdoor recreation options;
752.
by prottog 4y ago
The supply of commercial buildings rise precisely because they're exempt from many of the nonsense that residential construction is subject to. Moreover, a lot of the labor and material inputs to commercial construction is the same as
753.
by prottog 4y ago
I agree with you, and it really is too bad that the Fed dug itself so deep -- there is and always will be another crisis that requires unprecedented Fed intervention. Historical evidence points to innumerable recessions and bank failures ev
754.
by prottog 4y ago
That's interesting. Thanks for bringing this up. I'm generally of the opinion that "maintaining a community feel" is a fool's errand, especially when it comes to highly desirable locations like Jackson Hole; but it
755.
by prottog 4y ago
New York City, even Manhattan, is not terribly dense compared to other major world cities. You can see in this map[0] that vast swathes of Manhattan are occupied by buildings 10 stories or less. [0]: https://mangomap.com/man
756.
by prottog 4y ago
Funnily enough, I left a comparable (to Boston, in incomes, house prices, political attitudes, etc.) metro for a smaller city in a stereotypical "red state", which the residents of my former city are fond of describing as a third-
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by prottog 4y ago
The difficult part about increasing supply is that it usually involves dialing back state intervention, and there's very little incentive in the political system for anyone to do that.
758.
by prottog 4y ago
I bought a house recently so I'm theoretically on the losing side of any drop in home prices resulting from this, but I still support it. I'm of the opinion that the government putting a ceiling on the price of money by controllin
759.
by prottog 4y ago
The socio-legal conditions that permit the building of wealth, like strong property rights and free markets, are necessary but not sufficient; so you wouldn't expect to see a correlation between them. There are only a few countries tha
760.
by prottog 4y ago
I'm glad Shopify isn't deplatforming entities that haven't been convicted in a court of law of a crime. The tweet you linked to is doubly funny, since it was in response to Dan Price, who is under investigation for rape and p
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by prottog 4y ago
> simply holds a constant value in an inflation indexed manner Gold and currencies backed by gold come very close to this, with historical evidence to back it up. The purchasing power of gold -- that is, its convertibility to goods and s
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by prottog 4y ago
There's a whole ideological movement in vogue that has a really hard time defining what a woman even is.
763.
by prottog 4y ago
I suppose it depends on how you define wealth, but I can't think of many people who became really fabulously wealthy without creating value for other people, except when government was involved in a monopolistic or rent-seeking way. It
764.
by prottog 4y ago
Outcomes for the median person in places where rules do not allow or encourage such individual wealth are almost universally poorer than places that do. The very system that allows billionaires to exist also incentivizes the creation of wea
765.
by prottog 4y ago
We would also need studies showing how additional government intervention in the family helps prevent the culture trap. What can the government do to make people value education and delayed gratification, which are perhaps the two traits be
766.
by prottog 4y ago
Inventing a technology and building a profitable business on top of it are very different things that require very different skill-sets. Besides, there is no evidence to suggest that private money cannot fund basic research of the type that
767.
by prottog 4y ago
Health insurance and medical care are all highly regulated industries with exceptionally high cost of entry; one could call it a broken market. It's not competitive at all. I always marvel at how much better the whole experience is whe
768.
by prottog 4y ago
The crumbling buildings with horrid management are all classic symptoms of the effect of price controls, exacerbated by other anti-development factors in SF. Put it this way: when demand far outstrips supply due to the supply being effectiv
769.
by prottog 4y ago
It comes from a fundamental misunderstanding of economics, especially the role of profit.
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by prottog 4y ago
The part that's hard for people to understand is not the basic supply and demand issue, but rather why well-intentioned, good-sounding policies like environmental review processes, rent control, or mandatory affordable housing quotas d
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by prottog 4y ago
> Landlords want to maximize profit from their property and when demand is soaring above supply, adding units is the way to do that You're saying that as supply catches up to the soaring demand, profits will go up instead of down? T
772.
by prottog 4y ago
People often make the mistake of focusing on the long tail of market failures with the intent of more government intervention to fix them, without thinking about the 98% of times that markets deliver additional wealth to everyone involved.
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by prottog 4y ago
He actually moved to Tennessee!
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by prottog 4y ago
Not only can you live in a house, literally every economic activity requires land on top of which you set up your capital and perform your labor. It's not the same thing at all as Bitcoin.
775.
by prottog 4y ago
The fundamental misconception of today's "anti-racist" movement is that every unequal outcome is the direct result of past or present racism, without stopping to examine the validity of that assumption. A great many eggs have
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by prottog 4y ago
One cannot logically conclude from a "racist" outcome, however that is defined, that the inputs to that outcome are also racist, because the intervening interactions are so complex and uncontrollable (that is, it is a chaotic syst
777.
by prottog 4y ago
You could consider lottery tickets as an OTM option expiring in a week with those payoffs, I suppose. If you spread 1% of your portfolio over a year and buy lottery tickets every week, you're effectively losing 1% per year with a very
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by prottog 4y ago
Imagine that in 2022 we would be told that we're hired or fired on the basis of race! Unbelievable.
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by prottog 4y ago
> so why beautify the outside? Private investors could certainly choose to take a small hit to their return and take pride in how their investment looks from the outside. There's value in that.