abdabab

Why do you think it’s just the beginning?

> bought in a pro-growth city

Which city is it? A pro-growth city in USA is a news to me.

> I've been teaching myself car repair so I can do more and more myself because I know it will be done right and with extreme care.

Is there a book you’d recommend? I want to learn car repair as well.

When most people are sitting on 2%-3% mortgage APR, it possibly won’t happen.

> I replied "everyone thinks you're a search engine, but you're and ad engine only..."

Why did you answer it that way if you wanted the job?

Is lobbying the same in China as it is in USA?

> I love and admire my species, living and dead, and am totally dependent on them for my life and well being.

This almost sounds like a Buddhist vow.

I think you meant, “This guy FAANGs”.

Ray Dalio explains it here https://youtu.be/PHe0bXAIuk0

> During the 1940s, the colonial government printed extraordinary amounts of money for military expenditure. All this new demand caused prices to soar, particularly for staple goods. The price of rice increased by 300 per cent. But because wages did not rise accordingly, ordinary people were pushed even deeper into poverty, forcing them to dramatically curtail their consumption of food and other goods. Meanwhile, any additional profits that fell into the laps of business owners as a result of the price inflation were taxed by the colonial state.

This sounds scarily similar to USA, except it’s not that extreme yet.

So Google had roughly x% attrition rate for many years, for real. Even when a lot of engineers were leaving, it didn’t put a dent because of their hiring. That x remained almost constant for years. That might be what OP is referring to.

> nobody hires you're basically stuck where you are and grateful to have a job

Well that’s true. It’s also possible to live below your means with a fat emergency fund and just not worry about that at all.

> there's always someone who sees opportunity where others see danger and who will move money around to the corners that are generating a return.

That makes sense. It won’t be just traditional lenders who’d be funding new investments. I hope that’s going to be enough if interest rate hikes even further.

And that’s not just VC money. Often they have borrowed through issuing bonds.

NYTimes summarized it better [1]

> What’s causing the shortage itself is complex. The home-building industry lost about 1.5 million workers in the Great Recession of 2007-9 and has been in a labor shortage since. Land has grown more expensive. Lending tightened for builders, just as it did for home buyers after the bubble. The cost of lumber and other materials has risen.

[1] https://www.nytimes.com/2022/07/14/upshot/housing-shortage-u...

I disagree. OP’s observation was interesting. When did it become common that websites would show you nothing if js is not enabled? Or to see nothing on a website about nothing?

Because that often happens under company’s political umbrella. People don’t do shitty things unless they think they can get away with it.

> We need more houses, which means construction and jobs.

So construction needs labor but also lumber, land and financing. We don’t have the last three enough right now. We don’t have enough land to build near the bigger cities where housing is needed most, due to absurd zoning laws. We don’t have easy financing because of higher interest rates. None of these are short term problems.

Basically, I’m saying labor is unusable when you can’t actually construct.

> but there's always money sitting on the sidelines somewhere

That’s cute but still that’s an assumption.

> They're just trying to hold on to them until the securities they sold mature.

So if those were 30 years mortgages the collapse should be fairly far away?

Their product is still better designed than the ones came out of Google, Amazon and Apple.

Shouldn’t that take only a few minutes?

From a visitor’s perspective Portland seems cool and hip. What actually goes wrong when you live there?

We’re employing crows with health benefits.

Are you fishing with a boat? I’m interested to read your blog if you have one.

Or you could get an Amex card and link it with your Venmo account.

It’s funny that you could ask the same question to anyone living in San Francisco, particularly Tenderloin.

One time I received 30ish calls everyday for a few days and each one of them was from a different number but with same prefix. It bothered me that I couldn’t block that prefix.

Your approach and their approach. It sounded like you have a different perspective about who is responsible for an outage.