4,701 karma · joined May 7, 2014
It's usually up against some insane shit like Prop 13
Income to rent ratio, which is what this thread is about, varies geographically. Rent eats 30-40% of income in prestige cities like NYC or SF or LA. It's only 25% in Kansas City or Columbus.
You seem to be thinking about overall cost burden over time.
Can you elaborate on that? It's pretty common for people to sell their 4 bedroom family house and retire to Florida. But it's not "way more for way less"
Market reactions are instant. Once the policy is fixed we don't have to wait for a generation
By this logic San Francisco should be one of the cheapest places in the world to build
https://www.bbc.com/news/articles/c1e1vg0gjl5o
Yes we're still building renewable energy, but goddamn is our government making it hard.
It's not about accuracy, it's about the units people choose when having these discussions
Doesn't matter what side you're on, it's always "enough water to irrigate 27 soccer fields" or "as much energy as 1/5th of the average hamburger"
Today of course it's difficult because if you don't give Donnie a gift basket he blows a temper tantrum and hits you with tariffs.
The Teamsters went for Trump in 24. Having a union doesn't mean you're immune from facism.
https://nakamotoinstitute.org/library/micropayments-and-ment...
This is the standard source on the topic. They compare the dynamics vs other countries like Russia
The bet is on using AI to gain competitive advantage. You don't win the stock market or make the deadliest drone by switching to the cheap model