rsj_hn

87 ms·

871.
by rsj_hn 5y ago
> SF has what, 4m people? That's like saying "London has, what, 50 million people"? We have left the realm of plausible errors and are far into "no idea what is talked about" territory. SF is a 7 mile x 7 mile bo
872.
by rsj_hn 5y ago
The issue is not that we would go to war over Taiwan, or at least I hope not. What we would do is: 1. Seize all Chinese and Taiwanese foreign currency reserves - that's $3.7 Trillion gone in a poof. 2. Seize all Chinese and Taiwanese i
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by rsj_hn 5y ago
Cattle is not treated like chickens. Beef cattle in the U.S. generally grazes on pastureland - most U.S. beef is already "free range", whereas dairy cows are mostly raised indoors. Only 10% of U.S. cattle are dairy cows. Many cows
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Chevrolet Debuts ZZ6 EFI Small Block V8 Crate Engine(gmauthority.com)
2 points by rsj_hn 5y ago|1 comments
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by rsj_hn 5y ago
> What you say makes logical sense, but is hard to square against the fact that, as a nobody, I can borrow $1M at under 3% fixed interest for 30 years to buy a house [...] The creditor who will ultimately hold that paper has a very diffe
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by rsj_hn 5y ago
Curious, where are you getting your data?
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by rsj_hn 5y ago
Pretty sure anarchists were not shot in the face for daring to claim an 8 hour workday, but rather for setting off bombs, blowing up factories, executing political opponents, assassinating elected officials and royalty, and triggering world
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by rsj_hn 5y ago
People are not really in favor of it, which is why virtually all cities get less dense over time. People spread out, as they do, the cities get flatter and housing units get bigger. When you look at pictures of old housing units, it's
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by rsj_hn 5y ago
Creditors take inflation into account when making loans. Only higher than expected inflation helps debtors. Lower than expected inflation hurts debtors. I'm not sure why you think Creditors would consistently underestimate inflation
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by rsj_hn 5y ago
This is because labor is much more expensive than food. So the cost of a $15 meal is maybe $5 food. If you make the meal 20% larger and charge 10% more for it, you do it, since then your costs go up by $1 but your revenue goes by $1.50. Tha
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by rsj_hn 5y ago
Well, by definition increasing supply causes a decrease in price. You could also say that homebuilders are a mechanism for deliberately depressing the price of houses. But that tautology is not very illuminating. If you look at skilled wage
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by rsj_hn 5y ago
There really is a dearth of skilled people. The US has no trade school system and our educational system produces remarkably unskilled and incompetent people. We would not be able to survive without grabbing most of the world's skilled
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by rsj_hn 5y ago
I've noticed that, too. My guess is that both restaurants and hotels plunged a lot right at the beginning, and now they've recovered about 2/3 of that and that recovery has now stalled. People are still trying to figure out w
884.
by rsj_hn 5y ago
You can go to the BLS JOLTS home page. https://www.bls.gov/jlt/ It's better to talk about percent of labor force, given that the size of the labor force grows over time. A quits rate of 2.7% is high -- it's
885.
by rsj_hn 5y ago
Do you really think there is a "striketober"? BLS data wont come out until Nov 31, but I'd gladly bet that there were fewer than 15K workers on strike in October 2021, out of a labor force of 165 Million, defined by BLS track
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by rsj_hn 5y ago
> Of course they pay VAT, their profits are taxed, etc, when selling the apartments, but after that, they have nothing to do with that property anymore. Well, that's what you'd expect, no? After they sell the units, then whoeve
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by rsj_hn 5y ago
Yes, the problem here is that as fewer people are dining, there just isn't the revenue to raise wages. If you look at someone like a waiter, he is as busy as the number of customers and the amount they are ordering. If he is spending a
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by rsj_hn 5y ago
They wont face blackouts, they will import electricity from elsewhere. Still, it's a great opportunity for red states to build more reliable energy capacity and sell that to the blue states, which will need to import more power from th
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by rsj_hn 5y ago
Correct, Information worker quit rates declined if you dig into the JOLTS data: https://www.bls.gov/news.release/jolts.t04.htm The people who are quitting are the ones working for hotels and restaurants. This is yet
890.
by rsj_hn 5y ago
Could we meet the HN guidelines against editorialization, and call this the less incendiary "Job Openings and Labor Turnover Summary"? Some facts: * The number of job openings declined to 10.4 million * Hires decreased to 6.3 mill
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by rsj_hn 5y ago
It doesn't work like that. Please see an accountant to advise you on this, because if this is really what you think -- e.g. that the profits of developers or even owner-developers are not taxed -- then you are in for a world of hurt
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by rsj_hn 5y ago
TIL that the ownership structure of an asset purchaser is responsible for controlling asset prices rather than fundamentals like interest rates and rates of return. I guess Blackrock is responsible for high stock prices, too.
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by rsj_hn 5y ago
FYI, the immigration bill was signed by Lyndon Johnson. Ronald Reagan was not President. It was advertised as just being a small reform and not as something profound. Here is Ted Kennedy: ""The bill will not flood our cities with
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by rsj_hn 5y ago
Yup. Buying all the houses is possible in a constrained market, but Phoenix is unconstrained, and transportation allows us to substitute constrained for unconstrained locations.
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by rsj_hn 5y ago
Capital is anything that creates wealth. Therefore if the society has wealth then it must have capital. Thus capital is one of the pillars on which civilization stands. People can argue who has control over capital, and what kinds of proper
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by rsj_hn 5y ago
China did well after adopting a capitalist economic model. Not so well after adopting a communist economic model. Over 50 million dying just from starvation is basically the worst you can possibly be. Insane top down command like killing al
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by rsj_hn 5y ago
They already are. Mortgage interest deduction is only for the home you live in. Rental properties deduct depreciation, and there are huge differences in treatment of capital gains when you sell the property. See * https://www.irs
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by rsj_hn 5y ago
> who the hell wants to live in a remote Italian village? I do. Those are very popular among tourists as you have beautiful countryside, mild weather, great food, clean air, and amazing sites to visit all around. Friend of mine bought a
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by rsj_hn 5y ago
You must not have a dog waiting for you when you come home late
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by rsj_hn 5y ago
I stand corrected. Thank you -- unfortunately I can't edit my comment.

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