Sorry but I wont get myself into 40 year debt for a bungalow.
After my father's death we sold our old family home for ~70k€ 15 years ago. It would have been in the 300-400k range nowadays. My salary certainly did not double - triple in that time frame.
Why? Almost everywhere a majority of people (and certainly the majority of voters) are already invested in housing and do not want their investment to loose value.
> Specifically, both house prices and interest need to go down heavily. Sadly, they used higher interest to try to lower prices, and that didn't really bring prices down.
People are more willing to spend an ever-growing share of their dual-incomes on housing, which drives housing prices modulo interest. So interest has no actual effect on housing affordability, since it doesn't influence how much people are willing to spend. If you lower interest, prices are simply going to rise such that people spend the same % of their income on housing. If you increase interest, prices will (eventually, slowly, since this is a seller-dominated market) fall to match.
> More supply isn't helping much either, as there is no diversity of supply, and builds aren't undercutting the market yet.
New builds will never be cheaper than existing housing stock. Low-cost new housing is a mirage; new housing is premium by construction.
Where I live, the local government decided to remove zoning thereby allowing more varieties of properties.
Price comes down in the sense that the missing middle provide options between condo to townhouse to detached
They'll do stuff like prompt an AI to generate text about bombs, and then say "AI decides completely by itself to become a suicide bomber in shock evil twist to AI behaviour - that's why you need a trusted AI partner like anthropic"
Like come on guys, it's the same generic slop that everyone else generates. Your company doesn't do anything.
AI (adhd, neurodivergence) entrepreneurs took opinions and made them facts.
It takes certain personalities to lead an AI company.
I'm not a cybersecurity expert, but it doesn't compute to think there would be any specific "hashes" to report if it's an AI-based attack that constantly uses unique code or patterns for everything.
Plus, there's nothing surprising about the Chinese stealing and hacking anything for their advantage.
The HN of Paul Graham era had finished.
This is the HN of Sam Altman and Gary Tan era.
Different VC/capitalist mindset
If any, it is due to misinformation and reluctance of those communities (mentioned specifically Alberta rural, y’know, the province that has been burned with misinformation, public health scandal, crazy Premier that has been stoking Separatism while cozying with MAGA that has threatened Canada sovereignty)
1. the next level opportunity exist
2. proper training (we all know that's pipe dream)
3. fits what these folks are looking for (for some, repetitive jobs == less stress than "creative" jobs).
but what about glut of workers == depress wage?
American companies lie so often about the feasibility of future capabilities that it is becoming just background noise. If the plan is not realistic, if it is not based in well argued projects, then they are just lying to the public and to investors. Currently the bar is so low, that anything counts as "we just though that it was possible" so it is not illegal. That should be solved.
FTA:
Amazon has considered steps to improve its image as a “good corporate citizen” in preparation for the anticipated backlash around job losses, according to The NYT, reporting that the company considered participating in community projects and avoiding terms like “automation” and “AI.” More vague terms like “advanced technology” were explored instead, and using the term “cobot” for robots that work alongside humans.
I wasn't told to hate government regulations. 30 years of horrible, ineffective regulation taught me to hate these poorly thought out regulatoins. I grew up under No Child Left Behind. I saw the TSA form before my very eyes. I'm right now seeing ICE roam free, regulations be damned.
I don't hate the idea of regulation. I don't trust the people who are trying to regulate.
Aussie, Canada, much of the Europe have no issue.