Changetheview @ Changetheview @lemmy.world

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2 yr. ago

Huge. The short term rental housing boom is unlike almost anything we’ve seen before. Estimates put short term rentals as about 20% of the global real estate market.

If that demand drops rapidly, it will mark a major shift. Tons of buyers and capital will be wiped off the table.

I agree with the usual perspective that housing prices almost always rise over time. But this is an unprecedented event in scale, and if reversed, it will have unprecedented ramifications.

It is a serious crisis in many places throughout the world. Especially considering the income stagnation. I have lived in many cities and have heard this cry across multiple continents, from coast to coast, and at most income levels (except the ultra wealthy).

What I’m hoping becomes more popular are ways to make the short term rentals not as profitable. I really like the idea what other cities are doing by limiting the number of days they can rent it out.

Sure, rent it out for 45 days a year and get $10k total revenue and try to scrape out a profit. Or rent out the unit as your primary residence for the entire year for a similar cost.

It’s not absolutely perfect, but it will greatly reduce those willing to buy places to use as an investment for short term rentals. And that should put negative pressure on housing prices, while also opening up more units for primary residence housing.

I wouldn’t even go that far. They likely just do more to avoid a paper trail, especially one that shows they‘re knowingly spreading false information.

Valid point, especially as rail is more expensive compared to highway and air. At least on its face without emissions and other hard-to-quantify factors.

Many moving parts would have to come together for it to be more viable in the US, and there’s still no guarantee it’ll ever be cheaper. Or popular.

I used to be in a rare situation where I could actually use a light rail to commute and avoid a terrible 45 minute to hour-long drive. I really enjoyed the free time in the train compared to stress in the car. But nearly every one of my coworkers refused the train because it wasn’t massively cheaper and for other relatively-minor reasons. It was eye opening for me.

Let’s see more collective bargaining wins. It’s how the lives of many gained monumental improvements in the 20th century, which have been consistently eroded away.

It’s time for lower and middle class workers to have a more meaningful share of the benefits their labor creates. It’s time for a thriving, growing, and financially stable middle class.

The opposing argument is pretty logical too though. The US being so spread out could make sleeper train rides much more attractive compared to extensive long-haul drives where you must be attentive.

It’s a complicated issue that goes beyond the geographical differences.

Car centric cities vs walkable ones. Lower fuels costs and bigger cars vs more expensive fuel and smaller cars. And in this specific comparison, an utterly terrible passenger train experience with minimal usage vs a competitive and robust system utilized by many. A bit of a chicken/egg issue there too.

Nope. First production one completed in July, nearly four years after the first press release. Supposedly customer deliveries at some point of Q3 2023, which is basically down to a month left.

https://www.notateslaapp.com/news/1519/tesla-officially-completes-first-cybertruck-but-we-ll-have-to-wait-for-first-deliveries

Setting aside anything related to Musk, Tesla really doesn’t seem to be staying competitive.

Cybertruck (and the “indestructible” window press conference) is probably the easiest example. Years of attempted hype that haven’t paid off in a meaningful manner, while rivals have been releasing in-class competition. Anyone can see that’s a problem.

Tesla cars used to be pretty revolutionary, now they’re in an entirely different era that’s filling with exciting EV alternatives around every corner. Yet Tesla style still looks the same. The shoddy construction is still around and becoming more widespread knowledge. They’re failing to attract their target audience due to a long series of missteps. More problems.

Not to mention that Tesla was downright overpriced at its height. It’s a fraction of the volume yet made other automaker valuations look minuscule. The logic for that was never there.

I hear you. Much bigger steps are needed and hopefully the younger generations who have been priced out of housing, hit with insanely low wage growth, and took out student loans to cover much higher education costs will start to obtain benefits sooner rather than later. They deserve it.

You’re not wrong that private consolidation is great for those who can afford it, and I can see you acknowledge this doesn’t work for everyone. You seem quite reasonable about it.

But one of the biggest pain points for the entire student loan crisis is specifically those who truly can’t afford to get out of their debt.

For these struggling Americans, IBR plans aren’t being used as a savvy financial decision. It’s a lifeline. If that’s stripped from them, you’d see another wave of people who can’t afford basic necessities like housing. It’s sad that it even needs to be an option. And worse that for many, there’s no easy way out.

You’re absolutely not alone. Not by a long shot.

Many PPP loans were forgiven without being considered taxable income, so there is precedent and there are many excellent arguments in favor of applying this for students who successfully paid income-based payments for literally decades.

Hopefully progress against this incredibly dysfunctional system will keep happening. Would be nice to give the non-wealthy Americans a better chance at home ownership, retirement savings, and other crucial financial progress. Rather than just saddling them with federal debt while taxes are slashed for the wealthy.

This doesn’t fix everything, but perfection is the enemy of progress. This is worth celebrating if you care about non-wealthy Americans.

In the face of overzealous judicial rulings and zero help from Congress, this policy helps over 800,000 struggling, older Americans resolve long standing debt that they made payments on for 20 or 25 years.

These aren’t free loaders or wealthy individuals. Nor are they committing fraud to accept disaster loans aimed at keeping paychecks afloat.

They are former students. That’s it. Something that the US covers for K-12th grade as one of its earliest ground-breaking policies. The rest of the developed world took that through college, the US decided to create a bloated system of indentured servitude instead.

No, this doesn’t stop new borrowers from taking on loans. And it doesn’t stop education providers from overcharging. These are real problems that deserve attention.

But it is still a step showing that at least some federal officials care to try to resolve the issues plaguing some of those who did nothing more than try to improve their situation and gain valuable training with far reaching benefits.

At the current minimum wage ($7.25), it’s takes 2.757.6 hours or nearly 70 40-hour weeks to reach $20,000.

That is over 1.3 years of full time work to equal the one “cheap” car option. And it completely ignores any other costs, like taxes and interest, let alone god-damn housing, food, medical bills, etc.

This economic system is fucked. If you’re not fighting for income and wealth equality, you’re sociopathic.

It might seem low, but when looking at statistics about fatalities, it’s a good idea to keep in mind the many injured and potentially permanently disabled that aren’t included.

Medical professionals can work magic, and that is great. But non-fatal car crash, overdose, cancer, and gun injuries can also be tragic, both short and long term. Diminished mental capacity, loss of limbs or physical abilities, lifelong pain, the list goes on…

The FTC home page has a list of options, including “file antitrust complaint.” I’m guessing that’s probably the most useful: https://www.ftc.gov/ I’ve also seen others say to email antitrust@ftc.com.

But here is the FTC contact page: https://www.ftc.gov/about-ftc/contact. And here is more generic agency information: https://www.usa.gov/agencies/federal-trade-commission

Contacting most government institutions is usually surprisingly easy and you typically don’t need to be overly concerned about using the right template or anything.

Just quickly and clearly communicate what topic it’s about, what your specific issue is, a small bit of reasoning showing why it’s a problem, and a brief conclusion that usually asks for a specific action.

You can always call the general phone number and very briefly explain in laymen’s terms what you need (maybe something g like “I’d like to submit comment about a specific technology” or something similar). The operators are usually willing to help get you in touch with the right person, as long as you can explain what you need in a succinct manner (unlike this ridiculously long comment).

Calling out lies as lies, not mere differences of opinions, is justified and this author does a good job of pointing out two direct lies. I’ve always respected the “you can have your own opinion, but you can’t have your own facts” mentality. That’s basically all he’s saying.

First, he points out that some coverage indicates the laws used to prosecute Trump are ONLY for Civil War era crimes. Which is just complete bullshit and deserves to be called out. That would be like saying the financial regulatory overhauls that came from 2008 are ONLY applicable to the 2008 crisis. Laws may be enacted for a specific purposes, but they can and should be applied to future wrongs.

Second, he points out that some coverage indicates there is a legal requirement for specific monetary connections. But that just isn’t true under the statutes used for the charges, and the report he’s pointing to literally cites an entirely unrelated statute and precedent. Once again, this is not a difference of interpretation. It is an intentional misleading of their audience and refusal to acknowledge the truth. It deserves to be called out for what it is.

Critical thinking is being lost. Pieces like this that call out bold-faced lies are valuable and I wish more journalists (and debate moderators) would be willing to do so with the same brutality as this piece.

Without a doubt, money is the answer. I think for many policy makers, it’s as simple as taking in campaign contributions (money or more creative help. See 2016 Trump campaign DNC hacking for a well-known example). A simple little $10k investment is probably enough to payoff most of these schmucks, but Russian oligarchs are willing to drop big dough because the return is worth it.

And for others, it’s access to Russian projects AND access to Russian capital.

These fucking sellouts would rather hop in bed with the enemy than lose out on a potentially lucrative deal. And these are often people with so much wealth already, they will quite literally never be able to spend it. Greedy, selfish assholes that are addicted to watching their personal charts and numbers rise - even as their country and geopolitical stability crumbles due to their actions. They’re mentally ill and have zero regard for the life of others.

Propaganda generator

Along this same train: critical thinking.

“Critical thinking is the intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information gathered from, or generated by, observation, experience, reflection, reasoning, or communication, as a guide to belief and action.”

https://www.criticalthinking.org/pages/defining-critical-thinking/766

Learn how to think critically and you can do damn near anything from diagnosing car problems to understanding complex economic issues. You’ll improve your communication, your understanding, and your ability to handle the world around you. It’s where open minded meets level headed.

Did someone say people should work for free? No where am I saying that. Massive profits are not necessary to cover overhead - expenses like overheard and salaries are paid for by revenue - what’s leftover is profit.

This thread is about whether the current US healthcare insurance industry is a scam or not. Scam means “a dishonest scheme” and insurance saying it’s going to provide healthcare coverage but actually just takes your money, doesn’t provide coverage, and only pays investors/executives could be considered a dishonest scheme by many.

Insurance companies have a natural tendency to become worse and worse over time. This is called the race to the bottom and is an incredibly well-known phenomena in insurance. Like monopolies, insurance is one of the rare situations where experts are in damn-near universal agreement that heavy regulation is necessary.

Right now, insurance companies are objectively very bad to the people they provide coverage for. This isn’t an opinion, this is a fact that’s easily verified and well understood. They are not being effectively regulated and as such, are racing to the bottom by providing absolutely terrible coverage while taking in massive premiums. This is not good for anyone and is not fixed by a free market in any way. You cannot effectively shop for insurance and their behavior is not rectified, unless prohibited by law (regulation).