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Cake day: July 1st, 2023

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  • CaptainProton@lemmy.worldtoNo Stupid Questions@lemmy.worldXXX
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    1 year ago

    The thing about real estate though, is that supply is inelastic. Your one landlord cannot just turn up production and pump out a million widgets of housing. They’ll sell out, fast. And you’re back to square one.

    All the sophisticated (institutional) landlords modeled and realized that with higher prices and lower occupancy rates they still make more money, and they all use ONE company to set their price on each unit.


  • CaptainProton@lemmy.worldtoNo Stupid Questions@lemmy.worldXXX
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    1 year ago

    Game theory, it’s in the interest of every landlord if prices go up a little, so the overwhelming majority will raise rent.

    Fact is only so much stuff is made and only so much space exists and only so many people exist to make and build etc. Money is just an abstraction for allocating those resources. Broadly speaking the market would adjust and everything would remain the same for 95% of people. The HOPE of UBI advocates is that, after adjustments to prices, the UBI would have an impact on that last 5%.




  • Just don’t confuse wanting to work for having to work.

    My grandmother, who had been retired for 30 years, turned her music-writing hobby into a second career after my grandfather passed by taking on artists, getting involved with concerts, etc.

    I’ve met plenty of very old dudes in my hobbies of archery and shooting guns who are absolute masters and charge too little too profit or nothing at all for tuning, gunsmithing, and coaching.

    These have nothing to do with keep a roof over your head, and everything to do with staying sane when the expectation seems to be waiting around until you die





  • Here’s a little food for thought…

    As big and stupid as the F#50s are, the square footage they use up is limited, and generally no bigger than a 3-row SUV.

    You know the gas mileage that every super car gets? Ferraris, Lamborghinis, McLarens… All in the neighborhood of 7-10MPG.

    These monstrosities are around 12-15, they are all more efficient than your average supercar, and not bigger than your suburban soccer-family-mobile.

    Not defending stupid, just putting stupid into perspective.