100 karma · joined July 19, 2018
I sort of see a parallel in the job market although it might be a stretch. Most of the work is easy to outsource/go cheap on, but a small core is incredibly important to get right. It’s not obvious when a job posting is looking for one or the other.
Given any anecdote about the economy going down and stock market going up, it is worth noting what is going on with the money supply. There is a huge amount of liquidity being pushed into the USD supply by the fed and treasury. It needs to go somewhere. The (government's) hope is that it will go into hiring/spending and the real economy. Even if that is what happens to the majority of the new money supply (debatable) a large amount will go into financial assets for people who want to preserve their wealth. The expected result (IMO) would be stocks to go up in USD purely because of demand for them. This can alse been seen as inflation or maybe financial asset inflation. The fundamentals of the economy are not good, but the new money has to go somewhere. After paying for living expenses etc, there aren't many places to put it besides the stock market.
A final thought is that if consumer price inflation remains low and financial assets catch all the inflation, the "rich" or invested benefit the most. However, its arguable that financial asset inflation without CPI is a better result for most people vs high CPI and a stock market crash. I would be interested to know if this a framework used by the Fed or just me as a random guy on the internet.
Generally number of reviews is a good measure of quality IMO.
Pictures on the rental are meaningless. Only the price and amenities matter. Whatever the lowest 10% of price per night for a type of home (private vs shared room etc) is probably a scam. Don't rent in this price range. Money may be different for each person, but the upside of saving $100-$200 is way less than the downside of a last minute booking in a place you're unfamiliar with. I suspect most of the scams happening are people who book something that seems too good to be true.
If you're able to, message the host prior to booking with a generic intro and some generic questions. Many many times when the host got back to me for a great looking listing, alarm bells went off and I moved on. I personally ask what their internet speed is. If they don't know this its not a deal breaker, but their response can be pretty telling.
A lot of professional renters list on Airbnb. Especially multi-bedroom houses where you rent one bedroom. These can go either way, but are often a good deal. I personally like these because its a business transaction for both sides. Usually these types of listings are more open to negotiating on price, but its not staying in someone's home like an Airbnb might be pictured.
Reviews don't mean too much, but number of reviews and/or super host are pretty good barometers for quality. It is much harder to fake a lot of reviews. A less obvious red flag is the age of the listing vs number of reviews. If there are only 3-4 high reviews on something around for a long time, look closely at it. Even if the reviews aren't fake. There is a lot of incentive to not review a bad experience. Unfortunately price usually correlates with number of reviews.
I've personally never booked a new listing (no reviews). I'd be interested to know if I'm passing on some amazing deals, but my risk/reward tolerance doesn't allow it.
TLDR; Ignore the pictures look at price range compared to the marker and message hosts before booking at all.
Adjacent tip: Bring the bare basics with you (maybe this is backpacker logic talking). I usually have a knife/fork/spoon as well as some toilet paper and enough close to be warm without blanks. Don't rely on them to have things you absolutely can't survive without. Its stupid you have to do this, but you can rest a little easier having it with you if something goes wrong.
Everyone takes the same test. Preparing for it more (prep classes etc) will make you do better. That is true, but what does a non discriminatory measure look like then? Unless it has exactly proportional results then it can be called discriminatory. What sort of test/measure can you create that will make having resources to prepare for it more than someone else not matter? Would that even be a good measure?