llamaimperative

8 ms·

1.
by llamaimperative 1y ago
Huh? Not sure I'm following. The $/sqft of housing tends to go up as density increases... for the same reason as the article is suggesting: incomes are higher, so people can eat higher prices.
2.
by llamaimperative 1y ago
No, those policies only matter, definitionally, in so far as they actually affect the elasticity of supply. The elasticity of supply is what they measured and found it does not matter, ergo those policies (and all related hypothetical suppl
3.
by llamaimperative 1y ago
It's not "bad math." It is exactly what the article (and I) describe: real estate's prices are principally set by the local income levels. If the market couldn't bear it, you'd have vacancy. But you do not.
4.
by llamaimperative 1y ago
> there is artificial scarcity up and down the chain with real estate Which, according to this analysis, does not actually significantly affect prices relative to other factors. I understand your theory and I intuitively don't find
5.
by llamaimperative 1y ago
This is discussed elsewhere but "market prices" are a distribution of bids and asks. A buyer or seller can be on the high or low end of that distribution, which does not change the fact that the distribution itself moves up as loc
6.
by llamaimperative 1y ago
Well, they are buying land because housing exists on land. As discussed elsewhere in the thread, if you make the housing upon that land more elastic (e.g. by loosening zoning restrictions), that elasticity pretty much immediately gets bak
7.
by llamaimperative 1y ago
Except that the order of events goes the other way
8.
by llamaimperative 1y ago
> Because for instance, you'll rent at 30%, but if there was honest market pressure (and lets face it, there isn't) why wouldn't someone else rent at 28%? Or 25%? etc. They do! And then like all other markets, equilibrium
9.
by llamaimperative 1y ago
Food, vehicles, and energy all have elastic supply. Higher prices induces more supply. This is not the case with land.
10.
by llamaimperative 1y ago
No, seriously. I am a landlord. How do I set rent? I ask myself: "How much do people around here earn?" And I set my price at ~30% of that. I am currently selling a house. How do I set my price? I ask myself: "What salary wou
11.
by llamaimperative 1y ago
> it itself is not the cause in the sense that income levels directly cause housing prices to go up. It quite literally is directly the cause. The price of real estate in an area is overwhelmingly defined by the productivity of the loc
12.
by llamaimperative 1y ago
It's not even that. Under the US Constitution everyone , citizen or not, illegal or not, desirable or not, has at least 1st Amendment and Due Process rights.
13.
by llamaimperative 1y ago
No no, you're misunderstanding. The study did factor locality-specific inputs like the ones you're describing. In fact they included all of them by measuring the actual realized supply production for each locale. It's t
14.
by llamaimperative 1y ago
1. Property tax is not land value tax, and "high property tax" does not behave at all like a quasi-land value tax even if land value is a component of the property tax. 2. No, it specifically makes sprawl very expensive relative
15.
by llamaimperative 1y ago
No, they specifically looked at changes in income. Incomes go up before housing prices go up.
16.
by llamaimperative 1y ago
All of which, they argue, ends up not predicting the movement of prices. Meanwhile, simple income level does predict the movement of prices.
17.
by llamaimperative 1y ago
No one in this thread is proposing that
18.
by llamaimperative 1y ago
The term you’re looking for is “impoundment.” They impounded funding. That’s exactly what they’re doing and it’s exactly what’s illegal. Glad you don’t dispute Congress’s Constitutional role though!
19.
by llamaimperative 1y ago
Congress controls the budget, it really is that simple. If I believe USAID is full of waste, fraud, and abuse, I’m free to express that at the ballot box where I vote for a congressperson who wishes to vote on the next budget accordingly. T
20.
by llamaimperative 1y ago
True integrity is being a fan of someone no matter what they do or say, indefinitely into the future
21.
by llamaimperative 1y ago
> Even just a "little" (5%-10%) corruption is a moral stain on the whole thing. Timeless: https://www.bitsaboutmoney.com/archive/optimal-amount-of-fra... How about let's solve problems practically ins
22.
by llamaimperative 1y ago
Land prices have been rising mostly because of productivity gains. Land is completely free. There is no inherent cost to it. All cost is derived from its productive power, and productive power rises as technology improves and as people cong
23.
by llamaimperative 1y ago
It's the land price. Rising land prices are the problem, and land is in completely fixed supply. You cannot induce more supply with rising prices. Land is the dominating factor, ergo local variations in housing elasticity don't
24.
by llamaimperative 1y ago
Ah, Henry George was right once again. Land Value Tax solves this.
25.
by llamaimperative 2y ago
Maybe vibes isn’t the best way to interpret the goings on in the world
26.
by llamaimperative 2y ago
Vertical integration among healthcare providers, insurers, and pharmacy benefit managers (PBMs) due to PBMs being extremely costly middlemen. So the big insurers and providers started buying the PBMs and using them to abuse pharmacies out o
27.
by llamaimperative 2y ago
> The reposte I receive when suggesting that society utilize charity as a vessel for ensuring the poor get what they need Well you're kind of begging the question in your proposal. Sure, if we could ensure (the word you used) that
28.
by llamaimperative 2y ago
We tried it for the first couple thousand years. Turns out it really sucked, which is why 100% of civilizations (in which you’d have any desire to live) figured out alternatives.
29.
by llamaimperative 2y ago
“Florida is too big for public transit” is entirely circular reasoning. Things are so spread out because of dependence on private transit. The more densely (and public-system connected) we can make our cities, the more divine Ocala Nation
30.
by llamaimperative 2y ago
COVID and our current political predicament are basically the same event, and COVID was a once in a lifetime pandemic. Sure something is always the most pressing threat to stability, but that does not imply all eras are similarly unstable

More ›