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lxm

140,367 karma · joined July 3, 2007

Engineer in Southern California.
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lxm··on California State University system sees unprecedented decline in enrollment
Probably a better link but PDF https://collegecampaign.org/wp-content/uploads/2024/02/2023_...
lxm··on TSMC is having more luck building in Japan than in America
To clarify, this wasn't even a spat over unionized labor at the factory, this was about who gets to build the factory.

TSMC wanted to bring some highly specialized labor from Taiwan (who presumably have experience with building this type of facilities) and Arizona Building and Construction Trades Council insisting their local dudes would do the job just fine.

lxm··on Why are so many EV charging stations broken in California?
Maybe a biased source but California homeowners tend to be in the middle when you rank areas by the length of homeownership, median length being 13 years https://www.nar.realtor/blogs/economists-outlook/how-long-do...

Any sale would reset the assessed value of the property.

lxm··on Why are so many EV charging stations broken in California?
It's probably lower barrier to entry - as soon as any generic shopping plaza nearby sets up a few chargers, customers will probably choose hanging around Starbucks or a grocery store rather than a gas station.
lxm··on Who made millions trading the October 7th attacks?
EIS is a thinly traded ETF.
lxm··on The average store size in the US is the smallest it's been in at least 17 years
Yet I see a bunch of older brands that started direct-to-consumer eventually succumb to retail temptation, probably due to lower customer acquisition costs and bulk shipping:

* Harry’s razors are now at Target and Costco

* Casper mattresses at Macy’s

* Allbirds sneakers at Nordstrom Rack

lxm··on The share of Americans who are mortgage-free is at an all-time high
As well as other participants https://news.ycombinator.com/item?id=38098779
lxm··on The share of Americans who are mortgage-free is at an all-time high
How can you be so confident with that prediction?

There are some families where relationships with grandkids are much more positive than with direct descendants. Families where middle aged don’t need any help, but grandkids could always appreciate a boost to the college fund. Families where the bridges have been burned badly and the money is going to the charity just because. Families where grandpa is on the reverse mortgage busy traveling the world, etc.

lxm··on Why does so much government tech investment deliver so little?
I think “investment” in regards to government is meant less as “wild bet that will get us all rich” and more of “expenditure that will save us money 5 years down the road”.

Conflating the two is just disingebuous, and provides cover for all sort of unaccountable boondoggles like healthcare.gov (initial launch, not the hastily rebuilt version) and California EDD’s latest redesign apparently costing a shiny $1.2 bln https://calmatters.org/economy/2023/11/california-unemployme...

lxm··on Why banks are suddenly closing down customer accounts
> guaranteed electronic banking and funds transfer services

That alone exceeds the requirement of “minimal” as there’s now a need to hire staff for fraud monitoring, handle disputed transactions, chase fraudulent transfers, deal with those who forgot their passwords to electronic banking, had their passwords stolen, etc.

What are the new revenue channels that will pay for all that extra staff (and considering it’s USPS, their pensions)?

lxm··on Hamas' social media following has skyrocketed
There's no news feed.

The left pane is a list of "channels" sorted by most recent updates. The right pane are the updates from the specific channel, sorted by most recent.

lxm··on Realtors Face an Antitrust Reckoning
> realtor lobby has fought hard to keep the mortgage interest tax deduction which helps home owning persons but hurts everyone else

What you're saying is correct, but it's worth noting that as of 2017 the number of tax returns claiming mortgage interest deduction went from 20% to 8% https://www.brookings.edu/articles/chipping-away-at-the-mort...

The reason being the increase in standard deduction, and more people opting for that vs going the itemized route. It's unclear how the current (or next) administration feels about the mortgage interest deduction, but it could be the last days of it.

> Get rid of 1031 exchanges

An exchange involves a sale followed by a subsequent purchase. Without the 1031 treatment the seller just might hold forever, which is probably the opposite of what you're trying to achieve.

lxm··on Insurance companies fill their networks with ‘ghost’ therapists
The regulatory capture would be not by health insurers, but by healthcare providers, who are the final recipients of the healthcare spending anyways.
lxm··on Insurance companies fill their networks with ‘ghost’ therapists
Hypothetically then places with high concentration of beneficiaries covered by a single-payer system (Medicare) should have markedly cheaper medical care, lower overhead costs and all.

Yet https://www.wfla.com/community/health/coronavirus/florida-ha...

lxm··on Insurance companies fill their networks with ‘ghost’ therapists
Average nurse salary in the US: $82,750

Average nurse salary in California (where ~10% of US population lives): $124,000

Average nurse salary in Spain: €29,277

My sources are probably junk, but even with insurance companies out of the picture what is the math that would make the US healthcare cheaper?

This is without tackling the earning rates for specialty MDs, like vascular surgeons, who are not that numerous to begin with.

lxm··on Insurance companies fill their networks with ‘ghost’ therapists
With USDA captured by agricultural interests, and FDA by pharmaceutical lobby, what’s to prevent the regulatory capture of this new single-payer agency?
lxm··on Employers Took on Healthcare Costs, and the Fight Got Nasty
In absence of insurers, who can play the role of customer advocate when negotiating prices?

How do you create a modicum of cost control and push back on providers introducing arbitrary markups?

lxm··on Ask HN: Why company should increase profit every year?
As long as you can convince the investors that the current capital is better off redeployed, you don't have to. Case in point - AMZN for the first decade (or two).
lxm··on LAUSD to purchase 180 electric school buses
At my son's school the leaf blower guy consistently starts work right before student drop off time, ensuring a maximum number of kids (and parents) present to witness the fumes.
lxm··on PayPal Partner Paxos Overpaid $510,750 in the Largest USD Bitcoin Fee Ever
They probably used one of those checkout registers that default to highest tip.
lxm··on Most promoted and blocked domains among Kagi Search users
Comedian Phil Wang has this joke about Netflix not recommending him his eponymous show the day it was released.

“I am Phil Wang! There’s nothing on Netflix more relevant to me than an hour of my own thoughts!”

https://podtail.com/en/podcast/netflix-is-a-daily-joke/phil-...

lxm··on Air France denied my delay compensation, so I challenged them and won
ITA (former Alitalia) lost my baggage in transfer and delivered it four days later. While their phone support in Italy assured me I could send in the receipts for essentials and a change of clothes, their US office completely ghosted my inquiries and receipt scans.

I filed a complaint with US Department of Transportation https://www.transportation.gov/airconsumer/file-consumer-com... received a written confirmation from DOT that yes, they agree what ITA did was wrong and that my case was being forwarded to the airline.

A few days later a manager who was suddenly "informed of my disappointing experience with ITA" reached out and asked for the receipt scans to be sent directly to him.

Not that it inspired any confidence in ITA processes (there was no ticketing system, just a message to the guy's corp email account) but I did get my check a month or so later.

lxm··on Flying taxi at the Paris air show is quiet – too quiet
Zoning restrictions are a red herring. Even cities with liberal or nonexistent ones (Houston) have traffic issues, and even the most adamant anti-zoning activists rarely want to raise their kids next to a gas station or a liquor store.

It's the downtown-suburb hub-spoke city model, where everyone ends up on the road at the same time driving in the same direction.

Look at some cities designed from scratch with cars in mind like https://en.wikipedia.org/wiki/Irvine,_California The office complexes are decentralized, surrounded by shopping plazas, parks and schools which are then encircled by apartments, then semi-detached residences, and finally detached single family houses. Everyone with a job at one of the office parks can live closer to their specific job without affecting the traffic patterns of the other neighborhoods.

Even though it's very car-centric (with I-5 and 405 going through it), has next to zero public transport, is home to a regional airport, Irvine consistently ranks in the top 10 places for living / retiring / growing up / bringing up kids / park access metrics.

lxm··on Anker’s Solix home solar battery system is its answer to Tesla’s Powerwall
It gets higher. Southern California Edison's (Los Angeles and surrounding counties) top rate is 74c https://www.sce.com/sites/default/files/inline-images/TOU_Ra...

Granted, they have other TOU rates that price the same time span slightly cheaper.

lxm··on Health System in Minnesota Cuts Off Patients with Medical Debt
Being gobbled up at a premium is a reasonable exit strategy.
lxm··on Health System in Minnesota Cuts Off Patients with Medical Debt
In theory then a bunch of pharma startups that have nailed their marketing costs should then flood the market with cheap new stuff. Why haven't they?
lxm··on Imagine a Renters' Utopia. It Might Look Like Vienna.
> but it probably depends on your definition of 'success'

Fair enough. I haven't researched deeply, but it seems that outside of old seasons of "The Wire" one doesn't hear about or run into massive housing projects.

States (red, blue or purple) have gone the section 8 route, perhaps due to federal money being an attractive force. You also don't hear about cities (whether run by Republicans, Democrats or Independent mayors) constructing large-scale public housing, it's mainly requirements to real estate developers to incorporate "low-income" housing into their high-rise projects.

lxm··on Imagine a Renters' Utopia. It Might Look Like Vienna.
Developments like that were happening elsewhere.

Are there any notable success stories?

lxm··on Imagine a Renters' Utopia. It Might Look Like Vienna.
US has toyed with "the projects" idea half a century ago, but the end result always seemed to end up in concentrated crime. It's doubtful that those experiments had meaningful impact on overall rents with everyone yearning to get out of public housing as soon as possible.

E.g. https://en.wikipedia.org/wiki/Pruitt%E2%80%93Igoe

lxm··on A Housing Bust Comes for Thousands of Small-Time Investors
> When investors buy property to rent out, they are diverting housing away from homeowners, to make them available to renters.

I think you're describing single-family, but bulk of those deals are done in multi-family space, where a building is either an apartment complex (with units intended for rent) or a condo (with units that are owned). So most real estate investors are buying from another investor (or a builder).

While there are some developers that do condo conversions (apartments -> condo), apartment conversions are rarely a thing, probably due to complexity of the deal.

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