tmnvix

29 ms·

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by tmnvix 3y ago
I live in NZ. We have a rapidly growing population with one of the highest levels of immigration in the world. From late 2021 mortgage rates went from as low as 2.5% up to around 7%. Subsequently, in my city, prices quickly dropped 20% and
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by tmnvix 3y ago
Yes, the author (correctly, in my opinion) raises the issue of tax incentives. There are similar distortions in the Australian and NZ tax systems (mostly around taxation of capital gains). What the author fails to emphasise more - and reall
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by tmnvix 3y ago
Haha. Do rents ever not go up? Edit: But seriously, it's available housing that matters. We can have a shortage of available housing with an oversupply if investment demand is high enough. That is what the Irish experience demonstra
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by tmnvix 3y ago
> Ireland had arguably the world’s largest housing bubble and crash in the 2000s, with prices quadrupling in the decade to 2007, even while supply soared , before crashing by more than half between 2007 and 2012. (emphasis mine) That wa
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by tmnvix 3y ago
It's not only oncoming drivers that can be blinded.
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by tmnvix 3y ago
Here's a real world example of supply being diminished by demand for housing as a non-primary residence. A family member I spoke with a couple of weeks ago is planning to purchase an apartment in the city to make it easier to visit the
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by tmnvix 3y ago
It's really hard to find data on this. The home ownership rate is not really a good proxy as it is a measure of occupied dwellings that have the owner as a resident (or at least that is the typical definition). Many non-owner occupied
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by tmnvix 3y ago
> this sort of stuff is barely a drop in the bucket Do you know this or is this your opinion? I know for a fact that in Melbourne the areas that experience the highest capital gains and are most 'in demand' as places to live al
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by tmnvix 3y ago
In this whole debate around availability of housing nobody ever seems to think about what has happened to the proportion of dwellings used as a primary residence. Up or down? What would that tell us? Cheap credit, rapid price rises, and Air
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by tmnvix 3y ago
> Most price increases are due to a lack of supply that exceeds population growth. Citation definitely needed. In my opinion, cheap credit (i.e. low interest rates) is the primary culprit. It has created an awful lot of 'artificial
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by tmnvix 3y ago
I ordered one of each on Amazon. I'll let you know...
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by tmnvix 3y ago
> the government is competing against you for property using your own money Unless you somehow have an income source that doesn't rely on any taxpayer funded infrastructure whatsoever, it's a bit disingenuous to call it 'y
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by tmnvix 3y ago
I feel the same way, but I actually take some comfort from it. Not to get too woo woo on you, but personal experience suggests to me that it is possible to be conscious without having an ego or sense of self and that a state of mind where t
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by tmnvix 3y ago
I have to agree in a sense. Maybe one thing necessary for having a 'sense of self' is the ability to recognise and reflect on how you relate to other things. The experiment described seems to be implying that having no such relati
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NASA's Eyes(eyes.nasa.gov)
1 points by tmnvix 3y ago|0 comments
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by tmnvix 3y ago
> What causes more demand? - more people. Also, a speculative boom, cheap credit, and a burgeoning short term rental market among other things.
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by tmnvix 3y ago
Really gives you a sense of the internet as a culture.
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by tmnvix 3y ago
Possibly a response to the perceived nature of the pursuit?
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by tmnvix 3y ago
> To quote the designer: "I remember wanting it to feel very locomotive - like a massive fist moving through the air" Says it all really. Not mentioned in this video are the correspondingly higher headlights. I'm sure that
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by tmnvix 3y ago
Related to this, I've often thought that the popularity of Karaoke in Japan and Korea is somehow related - it may provide a 'safe' environment to escape from the relatively strict social hierarchy and roles that are pervasive
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by tmnvix 3y ago
I was thinking just the other day that a recognisable 'AI Free' badge on sites that want to assure people that none of their content is AI generated could gain a lot of traction.
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by tmnvix 3y ago
The other great thing about rail is it takes up much less space, and where it does exist it generally doesn't create an impermeable layer above the underlying soil. I was wondering about this last night. Fungi make up a large amount of
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by tmnvix 3y ago
> Maybe water should not be allowed because rapists can drink it ? You joke, but this is a significant part of the justification given for denying water to millions right now (in Gaza).
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by tmnvix 3y ago
Considering how we arrived at this point (Houthis threatening and attacking trade and communications), I would say the US government's obvious inability to rein in its ally (Israel) despite having a huge amount of leverage demonstrates
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by tmnvix 3y ago
> the change and result are both possibly good and bad, but we don't really know yet. I'm no scientist, but I believe the current ecological disaster effecting the UK's largest lake may be an example of the type of bad out
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by tmnvix 3y ago
I do wonder if dogs recognise when other dogs are particularly intelligent/unintelligent. Given that there seems to be such wide variation amongst breeds, I'd assume so.
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by tmnvix 3y ago
Not being from the US, it would be helpful if you could include some extra context here. Do these prices include taxes and expected tips? Edit to add: Those prices do sound expensive compared with here in NZ. I would currently expect to pay
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by tmnvix 3y ago
> Low interest rates are possible when inflation is not out of control. Not to be pedantic, but it really depends on what you mean by inflation. If you only consider CPI then sure - maybe you're right - but in my opinion we've
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by tmnvix 3y ago
University was a big wake up call for me. I learnt that it wasn't the smartest people that did best, but those that were most able (and willing) to follow instructions.
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by tmnvix 3y ago
Could it be that the first statistic relates to global rides? I tried to find out by following the links to the study but was unsuccessful.

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