1,290 karma · joined April 23, 2019
But from personal experience, this is a bad long term idea- much harder to get hired when you are unemployed, and no reason to offer to pay up to get you to leave. This will cost you in the long run
Meta packed lots of people into small spaces where everyone has crappy for audio phones in an industrial look with concrete floors. It was worse than a trading floor imho
This is the key point not discussed in the article - what percentage of the price the buyer is financing. The difference between a long term loan with lower payments (aka one where the buyer is essentially trying to immediately finance an asset) and a bubble is whether the bank thinks that they can sell the collateral for more than the debt. Here it doesn't sound so good.
Bigger companies can get better financing enabling them to pay more. Bigger companies can claim depreciation vs individual owners who can't. Companies don't have to sell and pay transfer, estate, and capital gains taxes. Property taxes are deductible against rents, but not on individual returns.
So basically, the tax code favors rentals over ownership, and now that the private equity guys have figured out how to cost effectively manage the properties, you are starting to see the inevitable result.
They were originally created as a way to identify great HS students and funnel them into the Telluride House at Cornell, and for many years students regularly turned down Harvard and Yale to go do this; many of them became College Scholars, and the Telluride House had a reputation for having many of the best students on campus.
The endowment did quite well (they were early adopters of indexing and the Yale model) and they started the TASS programs. This created a different funnel of almost exclusively black students not recruited based on a standardized test score or 'elitist' credentials, and this group gradually took over the organization and co-opted the giant pot of money. This led to a schism where the 'elitists' left, and the result is the current groupthink as well as the difficulty in recruiting factota (the college students who help the HS students).
I suspect that the online conventions did not allow for nuance in discussions, and the politically correct faction took over
The house is more like a frat house- two floors of common spaces including the seminar rooms, a commercial kitchen etc and two floors of bedrooms
The last movie I saw at an AMC location in NY had fewer than 10 people at it on a Friday night.
But the truth is that you are in an extremely heavy, expensive, and slow vehicle that requires over 1000 man-hours to carry fewer than 300 seats the whole length of the ride. That doesn't account for the capital costs of the vehicle or maintenance on the route, or overhead for the stations.
Loosening regulations to reduce the staff, making the train itself go faster (if possible), and allowing for lower cost and lighter weight cars (possibly to include the much denser sleeping cars found on Chinese and Swedish railroads) would change the economics from 'taxpayer subsidized cruise' to 'reasonable form of luxury transit'
Part of her issue though is that academic research and academic writing are two different skills, and being a productive researcher essentially requires you to spend a lot of time writing papers. I would think that a grant that allowed scientists (especially) to hire dedicated scientific writers would have a multiplier effect on the productivity of the scientist and would also improve the quality of the papers produced, as having to explain the concept to a non-expert tends to crystallize ideas on presentation.