It's true that if it was impossible to speculate on housing, there would be less incentive to create artificial scarcity by e.g. lobbying for restrictive land use policies.
125 karma · joined December 23, 2024
It's true that if it was impossible to speculate on housing, there would be less incentive to create artificial scarcity by e.g. lobbying for restrictive land use policies.
The one thing they all have in common is how much more expensive it is to house them than it used to be.
This is absolutely the right diagnosis. For instance, SROs used to be very affordable.[1] Placing someone into housing was well within the means of local governments and non-profits.
In Coppola's 1974 movie The Conversation, a large portion of the titular dialogue is about a homeless person Williams' character spots while walking around a crowded Union Square. That's how much homelessness stood out back then.
Reasonable people are objecting to copyright law violation, for the simple reason that it disincentivizes further knowledge creation.
Even more reasonable people are objecting to weaponizing copyright law violation on behalf of the vilest dictatorship on the planet.
As I explained in sibling threads, "speed bumps" are the most important thing here in CA. It's not about whether your structure can withstand a 1000-degree fire all around it. It's about whether your structure will set fire to three others within minutes of when it goes up in flames.
[1] https://en.wikipedia.org/wiki/Millennium_Tower_(San_Francisc...
> These homes would have been destroyed regardless of building material.
That's just not the case. Fire-resistant construction might not always help the first house at the subdivision's edge, but it will help the rest. One analogy is control rods in a reactor.
As I said in another post, the problem with firestorms here in CA is the rate of initial spread. We always get massive numbers of destroyed structures all at once, and <25% containment until the winds subside. The ignition source for most of the structures are burning wood-frame structures. Early on, firefighters can only help evacuate people.
As for the higher cost, this has become mostly an urban myth. In regions with low construction costs such as the South or the Midwest ($130-180/sqft,) the cost difference is minimal. In areas with high construction costs such as CA ($200-700/sqft,) the difference is either immaterial or negative (thanks to the insurance savings.)
Incidentally, this conversation parallels the one that would follow mass deportations. People complaining of the crashing economy, and the fans of racial cleansing claimimg that it had to be done and that it's a good thing in the long run.
This is exactly the point I was making.
[1] https://www.theguardian.com/world/2024/sep/27/poverty-rate-a...
In any case, we don't seem to disagree all that much. My original point was more legislative than executive in nature. Local executive accountability is desirable, provided that the budgeting and rulemaking were made uniform state-wide. Education already works that way.
Most budgeting should be moved to the state level, IMO. It's crazy for Western Springs, Atherton and Beverly Hills to waste money while Chicago and Oakland fall behind. If some magnates decide to move to Texas as a result, good riddance. The dependence on property taxes is particularly perverse, as it incentivizes the housing pyramid scheme.
The risk level is not just affected by proximity to forests. For offshore (Santa Ana) wind events, the riskiest areas are the SW bottom of hills and near canyons. That's where the current LA fires are.
IMO, a better prevention measure would be to not build houses out of sticks. That's already the case for much of the housing in Europe. Alas, here in the US the colonial and cabin aesthetics still win out, even when fire-resistant options aren't more expensive.
Coffey Park in Santa Rosa was destroyed in 2017, and most properties were rebuilt to lower fire-resistance standards.[1] The second little pig just doesn't wanna hear it.
https://wildfiretoday.com/2019/11/19/after-the-tubbs-fire-ho...
I wish I found this to be more surprising. About 400 of these are being deployed in SF: https://sfist.com/2025/01/03/sfpd-refuses-to-say-where-theyv...
Having voiced support for Ukraine doesn't mean much. Even Trump has once or twice.
Here are two other Russian proxies achieving totalitarianism. Economically, they're not doing it by racking up pats on the back:
https://en.wikipedia.org/wiki/Crisis_in_Venezuela
https://www.imf.org/external/datamapper/PPPPC@WEO/VEN
https://apnews.com/article/argentina-economy-crisis-javier-m...
The economic cost is the goal. The racial cleansing is just how that cost is initially justified to the base.
Once the economy really starts heading south, blame Democrats and other phantom enemies. It's much harder to jail the opposition and overturn democracy when things are going well. The blueprints are Venezuela and Argentina.
But it's clear that everyone's favorite goal is keretsuification. If you're looking for abnormal profits, you can't do better than to add a letter to FAANG. Nvidia already got into the cloud business, and now it's making workstations.
The era of specialists doing specialist things is not really behind us. They're just not making automatic money, nor most of it. Nvidia excelled in that pool, but it too can't wait to leave it. It knows it can always fail as a specialist, but not as a kereitsu.
The PayPal Mafia smell a lot like those guys, like a 21st century unit of the same brigade. Some may have just waited longer than the others before dropping their cover.