tmnvix

55 ms·

841.
by tmnvix 9y ago
How was the property market crash in the US not a case of a bubble bursting? Some other obvious cases would be Ireland and Spain around the same time. How they were inflated and what triggered the collapses is irrelevant. The pattern is the
842.
by tmnvix 9y ago
Yeah, I understand that Chinese investment in Australian real estate is significant - I'm questioning whether or not it is the most significant factor driving the real estate boom. I've always assumed cheap credit and tax incentiv
843.
by tmnvix 9y ago
Do you have any data to support the claim that "Their real estate development boom is largely supported by Chinese investors"? My interpretation of that statement is that you are saying it is the most significant factor. I would c
844.
by tmnvix 9y ago
I find there's something you can do even before standing up that helps get you closer to your goal of getting out of bed. If you stretch a bit while still in bed it gets your blood running and gives you the 'kick' you need. F
845.
by tmnvix 9y ago
Yes, I can't see how that could be possible.
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by tmnvix 9y ago
...potentially degrading your urban environment in the process. My point is that, if a particular housing market is experiencing a shortage of supply due to a speculative boom, but has sufficient housing to actually house people, then y
847.
by tmnvix 9y ago
Forget about housing for a minute. Would you agree that a speculative boom can cause an increase in demand?
848.
by tmnvix 9y ago
> Shouldn't they be able to take advantage of it since I worked for it and gave it to them? I don't think anyone is suggesting that they shouldn't. > does [their advantage] make it less valid? Less admirable, maybe. I&#
849.
by tmnvix 9y ago
In my experience, it was never 15 minutes - more like 5. Also, in terms of total time it never seemed all that different from the people continually visiting the water cooler or getting hot drinks. It just seems more visible with the smoker
850.
by tmnvix 9y ago
I think it was Sir Richard Doll (the scientist that first proved the link between tobacco smoking and cancer), that, after a lifetime of research, claimed being around smokers didn't concern him in the slightest. Spending significant
851.
by tmnvix 9y ago
Buy land.
852.
by tmnvix 9y ago
> Some income inequality is due to rent-seeking behaviour and some is due to variance in productivity. The above statement is "totally wrong"? How can you be so sure?
853.
by tmnvix 9y ago
I think you'll find that many seriously wealthy people tend to make more money from owning things than they do from producing things.
854.
by tmnvix 9y ago
Not the poster that you were addressing, but for me it is because it is inherently parasitic. First line from the description in Wikipedia: "In economics and in public-choice theory, rent-seeking involves seeking to increase one's
855.
by tmnvix 9y ago
NationBuilder[1] immediately comes to mind. Not as fully featured as you are suggesting, but targeting the same demographic. [1] http://nationbuilder.com/
856.
by tmnvix 9y ago
> If it seems appealing it's only because there is a dearth of productive investments available. ...or perhaps property investment is encouraged by the tax system, is favoured by lenders, etc.
857.
by tmnvix 9y ago
From the definition of financial speculation cited elsewhere in Merriam-Webster: > Speculation is a method of short-term investing whereby traders essentially bet on the direction an asset's price will move. This is what most peop
858.
by tmnvix 9y ago
My main concern is that all of this is setting us up for an even harder correction, and that the people currently taking great speculative gambles are prepared only to own the reward but not the risk - we will all end up paying for that.
859.
by tmnvix 9y ago
> when people investment in real estate that is speculation. Investing in real estate would be purchasing property for its income earning potential. Speculating would be purchasing for capital gains potential. You might argue that people
860.
by tmnvix 9y ago
This data is more accurate than the typical media-reported 'vacancy rate' arrived at by surveying real estate agents and asking "what percentage of the properties on your books are currently vacant?" - which usually resu
861.
by tmnvix 9y ago
Yes, but that wasn't the only option. They could have addressed the tax incentives that encourage people to speculate, but that is too politically unpalatable.
862.
by tmnvix 9y ago
Melbourne is not much different in that regard (geographically massive with a relatively sparse population for a city of its population size). Sydney too. Melbourne is also experiencing a housing crisis similar to Auckland's due to a b
863.
by tmnvix 9y ago
I've noticed the same thing. It seems common enough that maybe there is a valid reason (rather than it simply being an oversight)?
864.
by tmnvix 9y ago
My guess is you might do this for a month or two, but eventually you will get bored and end up doing something productive. How many people with substantial inherited wealth just slack off?
865.
by tmnvix 9y ago
How to afford a UBI is a different issue. (As an aside, I believe it is possible, but only after fundamental tax reform that shifts the burden away from earned income and towards unearned income.) My point with the pension example above was
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by tmnvix 9y ago
8. Mobile wifi hotspot. I loathe using my phone for most things. Any opportunity I get it is hotspot + laptop.
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by tmnvix 9y ago
It could be sustainable if you are also growing food. That is, you would spend more than your entire day's earnings on food if not for the fact that you or your family produce most of the food you need. At least that is my take on ho
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by tmnvix 9y ago
I'm not exactly sure which rules you are referring to, but if you are alluding to Australia and New Zealand being difficult to emigrate to, I would just point out their respective population growth rates relative to the US (this growth
869.
by tmnvix 9y ago
> UBI essentially assumes that everyone is a rational actor and that they will not succumb to spending the basic income on non-productive things (drugs, alcohol, gambling, excessively expensive consumables, etc). This is demonstrably fal
870.
by tmnvix 9y ago
> humans usually eat 3 times a day I have no contrary statistical evidence, but I suspect this assumption may be wrong - especially with regard to poverty-stricken countries. I count myself as a relatively privileged individual and for m

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