932 karma · joined August 3, 2011
If there is some other asset class I am missing, let me know. In the meantime, I think I will take my chances with the market. Worst case, if things get bad, I can just go back to work (left my old company, in a fairly recession proof industry, on good terms)
I waited until I had 5-10x my annual expenses, but obviously you can do it with less. My main recommendation would to be have at least an extra 6 months of living expenses beyond what you need (so if you are taking a year off, have at least 1.5 yrs of living expenses) in case it takes a while to find work again. The main advantage of saving more than that is you can use the returns from your investments to offset some of your costs a bit.
I agree with the sentiment that rent control can result in an increase in market prices. But it's not as if the landlords are getting completely screwed, they still have avenues in which they can evict tenants, profitably upgrade the building, and achieve close to market rents. Additionally, a major factor that gets overlooked in the rent control debate is that the 'secondary market' (rooms for rent in rent controlled units) provides fairly affordable housing for young newcomers. Almost everybody I know who lives in SF does so by renting a room in a rent controlled unit that they found through friends or through craigslist. These rooms are significantly cheaper than market rates (rent control by-laws actually require that any rooms in a rent controlled unit must be re-rented at an evenly split price, or normalized price based on square footage, not that everyone abides by those rules), and probably the only reason people with marginal means can afford to live here. So, while rent control may result in an increase in market prices, it also creates a secondary market that allows for economic diversity to continue to exist in SF.
I am somewhat split on rent control, but my gut feeling tells me it is the right thing to do. Allowing landlords to arbitrarily raise rent or randomly evict tenants is unfair and disruptive to people's lives. Rent control allows for a secondary market that lets young and lower income folks get a foot in the door. I think the 'lazy rent controlled tenant who pays nothing because they lived there for 30 years' is largely a myth (or such a rarity that they have only minimal impact on the macro trends) because rent control still allows for evictions, just with a bit more red tape. Also, another factor that doesn't get discussed is the effect of rent control on a downward market. Because rents aren't ruthlessly increased to market rates during the boom times, it means people who get laid off in the bad times can actually afford to stick around and look for a new job for a while, rather than having to lift anchor and move somewhere cheaper. From what I recall, the vacancy rate in SF rose a little bit during the great recession, but no where near as bad as other places.
That is part of the problem. You will often find that the skills it takes to climb the corporate ladder are not the same as the skills it takes to be a good manager. Management in bigger companies tends to be littered with well connected but incompetent people who are really good at bullshitting and 'looking the part'. This doesn't apply to every manager, but it is common enough that you are almost guaranteed to work with plenty of them throughout your career.
http://insidescoopsf.sfgate.com/blog/2013/07/25/are-automate...
I am currently on a sabbatical of sorts, and am keeping the option of doing freelance work as a way to extend it, but so far, all of the 'dude, this would be great for you' opportunities from friends haven't panned out. Part of the problem might be that I don't really need the work, so I haven't been following up too aggressively, but it still feels like I would probably have to go outside my network to land the first gig.
Feel like if they market this move a little better, they could convince their loyal customers that this will allow them a better chance at getting reservations.
Also, is scraping legal? I would imagine, at the very least, the OP and others are violating the TOS. I have written a few scripts of my own for fun, but I would be careful about bragging about it on a public blog.
Also worth noting, equity in freelance/consulting companies is relatively worthless. Billable hours do not scale, so your revenue will be directly tied to the number of hours you and your employees can work. Because of this, you need to focus on making sure you get a decent salary/hourly wage as soon as possible.
1. Cost. People in Africa are poor, so unless these can be produced and sold for pennies a piece, it probably won't take off. Using the 'buy one, donate one' method probably doesn't scale enough to solve the malaria problem. 2. Behavior. Condoms are a fairly effective method to practice safe sex, and despite a massive amount of money and education, adoption has been slow, or non-existent in Africa. I can see similar issues with Kite. 3. Effectiveness - While they may work, they may not have been shown to be effective enough to warrant further funding. 4. For-profit? I can't seem to find anything on the companies website, but the gates foundation prefers to give their money to non-profits. If they are a for-profit company, I could see reluctance on the foundations part to continue providing funds.
On a personal note, this seems like a cool product that I would use when camping/hiking. But for some of the reasons mentioned above, I would be skeptical to declare this as the solution to malaria in third-world countries, not that I would mind to be proven wrong. I wish them the best of luck.
It looks like the OP is an established consultant/teacher, so he probably only goes to conferences that invite him to speak (and my guess is, from what I have heard about you tptacek, that you are in the same boat), so he may be unfamiliar with the practice. But for us peons, with little to no name recognition, conference papers and talks can be a big resume booster, so it's not out of the question to pay-to-speak (you still have to go through the proposal process though). In my old industry, this was standard practice, and because almost everyone had their conference registration and travel paid for by their employer, it wasn't a huge deal.
While some events are pretty laid back, it looks like the registration for this event cost ~$2000, which is a pretty penny. My gut instinct would be to check with the event organizers first before trying to bring a +1, but I think the OP assumed that because he was able to negotiate with the travel coordinators for two one way tickets, one for his wife (instead of one round trip ticket), he probably assumed that this was implicit consent for his wife to tag along at the conference. Seems like a big mis-understanding that was confounded by poor treatment from security staff (and before we start ragging on the security staff, it is worth mentioning that event security tends to be a thankless, miserable job. Crappy wages and hours, and depending on the event, you spend most of your time dealing with people who treat you like shit.)
At my last job, I kept a few programming books at my desk, and during slow periods would crack those open and do some self-learning. It was a consulting job though, so those moments were few and far between (as much as I hated having to fill out timecards, billable rates were a good approximation of employee productivity, if you weren't billable, you needed a really good excuse).
http://hackaday.com/2013/07/15/were-going-to-buy-hackaday/#m...
Regarding the amount, it should be small enough to make it difficult to live off of. I don't think it would be a good idea if we created a class of BI dependents. There should still be fairly strong incentives to work. I think the main purpose of the BI would be to alleviate the need to rely on corporate america as a de facto social welfare provider. If you look at what happened to Detroit, for example, after the car industry tanked, the local economy went down with it. At the very least, BI would have provided a stabilizing force, slowing down the decline, and possibly giving residents a chance to re-build the local economy.
Regarding the old houses, roommates, and homelessness, by themselves none of these are really that big of a deal, and are probably pretty common in any major city. What is a little absurd (and you sort of alluded to this), is that we are paying some of the highest rent in the country, for these 'privileges'. However, I imagine most people who live here, including myself, don't exactly look at it that way. Instead, we look at it as we are paying high rent, for the privilege of living in SF and all it's perks (good jobs, active social life, etc..), and the old houses, roommates and homelessness are just a part of SF life.
On your point about sprawl, I can just as easily envision the opposite happening. As car ownership becomes less of a necessity, I do not need to worry about a garage or parking when considering where to live. Additionally, I don't think that autonomous vehicles will necessarily make car use cheap, I think more realistically, the marginal cost of driving (i.e. cost per mile) will still be a non-insignificant amount, but the convenience will increase dramatically (especially for people who do not own cars), but I imagine commuting an hour to work each way using an autonomous taxi service will still cost you a pretty penny (partly due to the demand issues mentioned above). Also, long commutes still suck, even if you aren't driving the car. I participated in carpool for a year (one hour each way, my car was too crappy, so I never drove, just pitched in for gas), and I was able to get some work or reading done, but I still hated it.