tmh79

11 ms·

61.
by tmh79 7y ago
so you support rent control below CPI?
62.
by tmh79 7y ago
>> The alternative is that we basically force people out of houses they've bought by gouging them with taxes. That seems much more unfair than the alternative. This... isn't true at all. The alternative is that people pay ac
63.
by tmh79 7y ago
strong disagree, at least for the US. The whole fabric/culture of the country is predicated on immigration and has been literally since its founding.
64.
by tmh79 7y ago
>> Does an ad for an abortion clinic count? How about an ad asking for donations for Palestine? Or Hong Kong? Or wall construction? How about an ad that only points out that stocks have gone up, along with a picture of Donald Trump an
65.
by tmh79 7y ago
there are also a lot of stories of early wework employees who were essentially told "we will give you options soon in the future, but sign your employment contracts now and trust that we'll get it done" and then didn't g
66.
by tmh79 7y ago
>> Power rests with small groups of retired homeowners who bother to show up. And decisions made there have a greater impact on your life than most elements of federal policy. so much this, young americans are systemically disenfranch
67.
by tmh79 7y ago
uber will likely be the demand aggregator for self driving fleets, as well as own a medium sized self driving fleet, similar to how amazon is a demand aggregator for online retail, as well as maintaining its own physical products for high p
68.
by tmh79 7y ago
The idea is that ridesharing is still early on in the monetization/profitability/growth curve. Right now, its possible to value online advertising companies (google, fb, linkedin before acquisition etc) based on some multiples of
69.
by tmh79 7y ago
Most American cities have condos available for less than 1m dollars. In fact, pretty much all of them do. In fact, pretty much only in certain areas of NYC, SF, Boston and LA are the median condo prices above 1m. In Chicago, the 3rd largest
70.
by tmh79 7y ago
"The answer is still more housing to lower the overall price of housing." I am not arguing against that at all, but if we decide to go extreme SB50 style urbanize California we wouldn't see real price impacts for maybe 5 year
71.
by tmh79 7y ago
its a great solution for people who's landlords are price evicting them by raising their rents by 25%. This law will allow people 2-3 years to find an alternate living arrangement compared to the 30-60 days they have today.
72.
by tmh79 7y ago
did you read the article or understand the bill? This bill doesn't impact construction finance because it doesn't apply for the first 15 years after a building is constructed (pretty much all residential construction loans use a 1
73.
by tmh79 7y ago
The value of a new building (for finance purposes, IE getting a loan for construction) is based on the DFCF over the next 15 years, this is an industry standard. This rent control implementation doesn't start until the building is 15 y
74.
by tmh79 7y ago
This tends to happen with new apartment buildings for the first 2 years or so, and its an artifact of real estate finance. For finance purposes, the building is valued on the theoretical sum of its leases when its at full capacity. If you h
75.
by tmh79 7y ago
yea, vacancy rates in SF are 2 - 3%, way way below the national median, and way below the california median as well
76.
by tmh79 7y ago
this doesn't impact new buildings (only buildings older than 15 years old), its impact on housing creating is miniscule compared with the regulatory barriers of zoning and cost barriers of impact fees and construction costs.
77.
by tmh79 7y ago
millennials in CA are disproportionately renters, not home owners. This bill will provide millennials with some extra security so they know their rent won't be spiked and they'll need to move.
78.
by tmh79 7y ago
do you have any clue about this specific measure? Its limited to buildings that are 15 years old or older, and it limits rent increases to 8% annually, which in practice is about 1 - 3% of all lease agreements in CA, a very small amount. Co
79.
by tmh79 7y ago
yes, and there was a huge well funded study a few stanford professors conducted of rent control in SF in 2018 that is a much more accurate study of the affects of rent control policies. "Rent control appears to help affordability in th
80.
by tmh79 7y ago
Limiting rent increases to max 8% (what this bill encodes) is only going to affect maybe 1-3% of lease agreements annually. This isn't about vast controls of housing stock, it about limiting 20% rent spikes people experience.
81.
by tmh79 7y ago
To be clear, this is a 20 year old article, the literature on rent control has changed a lot since this was written. Basic economic consensus rn seems to be that rent control is a poor long term solution to rising housing costs but a necess
82.
by tmh79 7y ago
The real solution here is to build more housing, as high prices are a market signal of a shortage. While I support more unit creation more than I support rent control, in the current crises we need both. What I still can't get over is
83.
by tmh79 7y ago
it was the privacy/legal/security types driving this strategic decision, I can't really talk about it in more depth. A lot has changed since the decision was made, and if I personally was to reassess the situation now I belie
84.
by tmh79 7y ago
another issue was data domiciling and retention policies around 2016 when uber was evaluating slack.
85.
by tmh79 7y ago
I think you might be missing some parts of the Canadian story that make it seem more idyllic to you based on your situation. I am not disagreeing with anything you are staying about the US BUT Canada is not necessarily some liberal forward
86.
by tmh79 7y ago
I mean, its also essentially tax free money as you get a ~.50$ tax relief/mile driven, so IMO with all the costs you probably are equivalent or possibly better than a 21/hour job.
87.
by tmh79 7y ago
very few transfer spots open, and the schools tend to have different curriculum programs (generally the same courses, but taught with varying focuses).
88.
by tmh79 7y ago
My wife recently graduated from a top med school. Her experience was that it was probably 80% "meritocratic" (long hours, grinding it out, being there when someone needs help) and 20% "political" (knowing the right peopl
89.
by tmh79 7y ago
Its amazing to me how cheap these changes are, and how much people love them after they are implemented. You go to a neighborhood meeting in the US and all you hear about is "loss of parking", "traffic", but when you rem
90.
by tmh79 7y ago
"City has built a lot of housing over the last decade" The city has build a lot less housing than office space over the course of the last decade, and that is the metric that counts (jobs-housing balance). "The SF skyline is

More ›