The Bay Area has chosen stasis. That doesn't bode well for its revival as a cultural center.
489 karma · joined November 27, 2021
The Bay Area has chosen stasis. That doesn't bode well for its revival as a cultural center.
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Viruses don't have a plan, or intent. It's not impossible for a virus to screw itself over and kill off all its hosts, or one species of hosts.
That begs the question as to whether an evidence-based approach is the right approach in all circumstances.
Another way around it is to not fully rely on an evidence-based approach, and take precautions before the evidence comes in. In some circumstances (e.g. rapid spread of an poorly understood disease) waiting for an evidence-based decision before taking precautions might be too slow.
https://www.bbc.com/news/world-asia-china-59257496
"Why has Australia switched tack on Covid zero?":
https://www.bbc.com/news/world-australia-58406526
"‘Zero Covid’ strategies are being abandoned as the highly infectious delta variant dominates":
https://www.cnbc.com/2021/10/05/zero-covid-strategies-abando...
("New Zealand has become the latest country to abandon a zero Covid strategy"... "This zero Covid strategy, also employed by the likes of China and Taiwan...")
P: > I would be very careful not to fall into paranoia. It's easy and destructive.
Two years ago, paranoia might have helped. (Although considering how many places are now starting to abandon the zero-COVID goal, it might not have worked forever).
That's a fair point; the essay doesn't do much to distinguish whether they didn't know they needed to take losses, or couldn't take the pain of the losses.
Nevertheless, it's a pretty good analysis of what a company needs to do, in order to build a model relevant to their own actual business. They need to both know about the pain involved, and be prepared to take it. (And even then it might not work!) Third-party data (and suffering) might not be a good substitute.
Planning to lose money takes nerve. Zillow tried to avoid avoid the pain, and ended up abandoning what might be a profitable enterprise (for someone else) in the future.
If houses were a (much) smaller bet for the buyer, there would be more flexibility to build houses where demand exists and a faster, lower-drama exit for people who don't like the changing nature of their in-demand neighborhood.
The inertia created when people have their life savings tied up in their house perpetuates the problem of affordability, by making the areas that have the most mismatched supply vs demand the least likely to deal with the problem.