mactrey

7 ms·

1.
by mactrey 6mo ago
Did rents in Palms go up because they built housing or because it's a great location in a city with increasing rent almost everywhere? Or in other words, is there any econometric evidence that building housing increased rents in Palms,
2.
by mactrey 1y ago
Do you have an example?
3.
by mactrey 1y ago
Another factor is smaller households. People are staying single longer and waiting longer to move in with partners, creating more demand for housing even without population growth.
4.
by mactrey 1y ago
What are some of the many other, stronger criticisms of the abundance agenda? Maybe Thompson has replied to some of those, too.
5.
by mactrey 1y ago
> the quality of available clothing across the world have fallen Do you have a source for this? Anecdotes along the lines of "they don't make 'em like they used to" are incredibly common but often fail to stand up to
6.
by mactrey 1y ago
And zoning restrictions are part of the reason why housing prices "always go up." Constrained supply is exactly and precisely what makes housing a profitable investment.
7.
by mactrey 1y ago
Usually I would agree, but the amount of distortion depends on what portion of DOGE savings are one-off (eliminating grants and contracts) and what portion are recurring annually (workforce reductions). If DOGE savings are one-off then it w
8.
by mactrey 2y ago
Building housing lowers the cost of housing. Requiring some accounting of $ saved on brickwork -> $ spent on homelessness is just another bureaucratic hurdle, which is ironically exactly what TFA is complaining about.
9.
by mactrey 2y ago
Conflating free parking with a childhood core memory, a lake trip with your immigrant father, feels a little disingenuous to me. But I think you understand the core idea: by making something cheap or free, we incentivize the activity but we
10.
by mactrey 2y ago
It does wrap automatically if you keep typing. I agree the user experience is not great with that, the word you're typing should always be directly over the guide text.
11.
by mactrey 2y ago
As you note, no two dense neighborhoods are the same. Those experiences would be rare in Tokyo or Kuala Lumpur. I would say that cultural norms dominate density when it comes to explaining late-night partying.
12.
by mactrey 2y ago
A car driver could easily eat the same amount of food as a walker, the extra calories would be stored as fat. This also ignores upfront CO2 output from assembling and delivering the car and increased CO2 output from maintaining car infrastr
13.
by mactrey 3y ago
They aren't comparable metrics. Revenue doesn't represent value added. I can sell a $20 bill for $20, my revenue is $20 but there is no impact on GDP (nothing has been created, no value has been added). Do that enough times and yo
14.
by mactrey 3y ago
Then yes, I’ll agree with that. Both can be difficult but valuing just the underlying land is harder.
15.
by mactrey 3y ago
No, you are wrong. The two cases are analogous. Under a LVT, if their tax goes up, it's because their land became more valuable. So when they sell they get more money. And under a LVT, if they spend money to build or improve a house, t
16.
by mactrey 3y ago
Well, property taxes in my city are around 1% currently. Does that mean the city will own 100% of land in 100 years? Probably not. For lots of reasons.
17.
by mactrey 3y ago
The point is, currently if you build things then you pay higher tax. The current tax structure disincentivizes building things. We don't know what people would build without that disincentive - maybe still nothing, as you are suggestin
18.
by mactrey 3y ago
There's not an argument from economic efficiency to tax by rock content.
19.
by mactrey 3y ago
But this problem already exists. Many people live in homes for 30+ years and pay property tax on the land + improvement (physical home) value. Why would it be so much harder to hypothetically value the land without a recent sale (required f
20.
by mactrey 3y ago
Detroit and most places in the US already have property tax. Little old grandma already has to pay more every year when her property becomes more valuable. And homestead exemptions already exist to prevent kicking grandma to the street. A L
21.
by mactrey 3y ago
Sure, that's possible. Or maybe Mr. Parking Lot Owner just likes the look of parking lots. But the key point is that today, improving the land is disincentivized because it would increase the owner's tax burden. So we don't
22.
by mactrey 3y ago
As others have mentioned, it’s quite easy to structure a land value tax to avoid kicking little old ladies out of their homes. You are arguing against a strawman.
23.
by mactrey 3y ago
But property tax already exists, so apparently that regressive nature is fine. And middle class people mostly own land that’s been improved. It’s unimproved land that would be taxed much more with a land value tax. I don’t think it’s obviou
24.
by mactrey 3y ago
Land that’s already been improved would pay less in taxes. Empty lots, parking lots, and other unimproved land would pay more tax. Calling an economic incentive to do something with your empty lot in an urban area “perverse” seems.. extreme
25.
by mactrey 3y ago
Various other sources give much higher numbers, like up 179% from 1999 to 2020 [1] or up 110% from 1998 - 2018 [2]. So I'm not sure what's going on with the article. It could be that they're deflating by wage increases, or sh
26.
by mactrey 3y ago
This is maybe true if you only store money in cash equivalents. If you bought stocks, housing, or almost any other productive asset you'd easily beat inflation over your working lifetime.
27.
by mactrey 3y ago
I hear Cabo is nice this time of year.
28.
by mactrey 3y ago
Most passive investors nowadays are investing in index funds. In that case all three of your investors receive equivalent return as the index rebalances away from the failing company.
29.
by mactrey 4y ago
You're arguing against a strawman. Nobody is saying that everyone needs to live in SF. The argument is simply that developers should be allowed to supply housing that meets demand. The fact is that lots of people do want to live in cit
30.
by mactrey 4y ago
I also have vitiligo. Vitiligo sufferers have overall significantly lower rates of skin cancer. While the reason is unknown, in my mind the connection between "immune system aggressively attacks skin cells" and "less skin can

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