youngButEager

12 ms·

31.
by youngButEager 10y ago
Consider Supply and Demand. The probability of being hired depends on available supply of applicants. Graduated from UC Berkeley, Regents Scholar, Computer Science. Depths of the 1989-93 recession, I graduated in 1991. Had 4 job offers!
32.
by youngButEager 10y ago
Good. Bitcoin has been around for YEARS. It is not going to gain broad acceptance. Bitcoin right now is like the stock market before the Securities and Exchange Commission was created in 1934, due to the fallout from all the fraud that led
33.
by youngButEager 10y ago
Most of us in tech know this: existing tech firms and markets disappear very quickly. It is exceedingly rare for a company to survive because of innovation and 'creative destruction' aka 'disruption.' How do you recogni
34.
by youngButEager 10y ago
No agenda. As I stated originally, it's not appropriate to hold up BTC as anything other than an extremely speculative gamble. I simply disagreed with the top post which offered up an "appeal to authority" -- an SEC-sanctio
35.
by youngButEager 10y ago
No, neither. My point was that BTC users are gambling. And most of them don't even realize it. There is no "there" there. Nothing stands behind BTC to back it. The best thing that can happen is for a widespread public aware
36.
by youngButEager 10y ago
You missed the point entirely. I'm not saying everyone who read this missed the point entirely. But you clearly did. The $100 hard drive is being used as cold storage for $500k btc. I won't apologize for having to spell every
37.
by youngButEager 10y ago
If I bought a brand new $500 desktop computer (yes they're that cheap these days) -- and then bought a brand new 500 gigabyte hard drive that cost $100, and put it in the new computer........ then I gathered 200 people who each had bet
38.
by youngButEager 10y ago
Many of us find it obscene and a bit ridiculous that this easily-manipulated sham for the foolish-minded is even mentioned on HN. Having worked as a software engineer since 1991 -- with a CS degree from UC Berkeley no less -- I cannot thin
39.
by youngButEager 10y ago
Good point. And the Federal court may actually stipulate that by saying "this is not a matter of Constitutional rights -- it is merely a challenge to a local ordinance and must therefore be contested in that jurisdiction." AirBnB
40.
by youngButEager 10y ago
100% agree. The "control them, tax them, make them lick our boots, what can they do?, they can't do anything about it" mentality is heavy in the SF city leadership. Believe it or not, some people -- lots of people, actually -
41.
by youngButEager 10y ago
This "socialized apartments" would not work easily in the U.S. In California, the highest tax bracket is 13.3% and it's 39.6% as the highest Federal income tax bracket, for a total of: 13.3% + 39.6% = 52.9% The top income tax
42.
by youngButEager 10y ago
The rent increase to $8000 will not happen if the property was built in 1979 or older. The city leaders will nail this poor owner like Hitler for pulling that. "people moving into the city are subsidizing costs for existing tenants&quo
43.
by youngButEager 10y ago
?? How do I think sheetrock is supposed to be cut? Did you really intend to ask that? You ask me that after I said: "Anyone dumb enough to hire an illegal probably deserves a guy who cuts and hangs sheetrock with a hand saw" I
44.
by youngButEager 10y ago
Well, I only hire licensed contractors, including painters, but in the trades (at least in the Bay Area) people I've hired are happy for the work and since my first project in 1993, have complained about the flood of illegals taking w
45.
by youngButEager 10y ago
Actually, I cannot possibly 'take advantage' of illegal labor -- maybe the people who I hire to do the work do that. If you're rehabbing properties in this area (Silicon Valley) you cannot give work to people unless they have
46.
by youngButEager 10y ago
Can I make a suggestion? I have several acquaintances who work in the trades (carpentry, house framing, fence building, concrete driveways/sidewalks/porches building, window/door installers, painters, etc.). Buying and rehabb
47.
by youngButEager 10y ago
Want to reduce stress and frustration in your life? Add this to your personal philosophy: "If it's stupid, get away from it." - dumb boss? job transfer or new job - dumb family members causing you problems? Avoid them. - d
48.
by youngButEager 10y ago
"The EU will be an easier-to-trade bloc of countries that will facilitate trade. THAT WAS THE CLAIM . Ask any English-born tradesperson trying to find work in England that pays anything. The reality is the EU morphed into a Leftist pr
49.
by youngButEager 10y ago
Supply and Demand. If demand rises -- and it does, the population of LA is increasing by roughly 20,000 annually (from http://www.clrsearch.com/Los-Angeles-Demographics/CA/Populat... ) -- if 20,000 per year are add
50.
by youngButEager 10y ago
In economics there is a saying: "There's no free lunch." Basic Income gives people a free lunch. What is the "opportunity cost" of that free lunch? For those of you unfamiliar with "opportunity cost", her
51.
by youngButEager 10y ago
Bill Clinton, a politically left-leaning president, "ended Welfare as we know it." Why? The old Welfare rolls created generational poverty and dependence and low or zero productivity in the multi-generational groups who received
52.
by youngButEager 10y ago
Even if all the tougher regs were removed tomorrow, very few builders with the large $$$ it takes to build housing are also stupid enough to risk government seizure in the future. The population will keep growing. The demand for housing
53.
by youngButEager 10y ago
This one is easy. Just ask everyone in the town one question: "We're going to provide a basic income for you and everyone else. Now, what are your plans for work?" Basic income will manufacture laziness. As a homeless teen,
54.
by youngButEager 10y ago
Here a scenario that can illuminate the unavoidable fact of supply and demand. - A building owner doubles his rents from $3000/month to $6000/month. What happens? Everyone moves out. The high price eliminated Demand for that bu
55.
by youngButEager 10y ago
Some landlords (such as our firm) are liquidating our rental assets due to the increasing risk of 1979-1995 properties being pulled into rent control regimes. Cities like San Jose, Richmond, San Mateo, just this year either debated increas
56.
by youngButEager 10y ago
Supply and demand. Demand is higher than supply. Everyone in SF knows that and actually seems to not want to increase the supply. Strike that, they want the property tax revenue but only from huge, high-brow luxury apartment build-outs.
57.
by youngButEager 10y ago
Cities can make all the rent control laws they want. (See for example NYC and San Francisco here in the USA). Property investors can decide to never build apartments in such cities. Then you wind up with a shortage of willing landlords. (S
58.
by youngButEager 10y ago
No. Rent control does lead to shortages. I have about $6 million to invest in rental properties. San Francisco is not being considered. I'm actually liquidating all my California assets, as the INCENTIVE to operate rentals has bee
59.
by youngButEager 10y ago
When Barack Obama told students in Argentina "Capitalism and Socialism are about the same" -- the part that is true is: - in Socialism, there is an Elite group who get special rewards and at the very top, the money from the countr
60.
by youngButEager 11y ago
We hardly ever see consideration of the other party in these debates. Tenants cry about high rents. What about supply and demand? There are two main causes of supply problems: (1) tough building permitting, anti-building policy seemingl

More ›