I saw it mostly as "poor people voted for the socialist" which isn't surprising. If you include young people, then that isn't surprising either.
poor people voted for cuomo
Readit Newspeakay commented on NYC's Upset Election Was Drawn Along an Odd Line: Car Ownership jalopnik.com/1895759/nyc-... · Posted by u/rntn
peakay commented on Is AI the solution to search's problem? lucaserb.substack.com/p/b... · Posted by u/lucaserb
Let me preface this by saying I'm so far out of my lane on this, however I have some thoughts on the paper.
- One thing that I've picked up from a number of sources that isn't mentioned in the article, is that millennials entering the home buying phase of their lives as being a big reason why housing was primed to pop between 2020-2024. Basically demographics have played a huge part in this boom. - Most mortgages are actually in good shape from a paper perspective [1] - Most mortgages are 30-yr compared to the crazy ARM instruments [2]
My theory is that home prices will NOT drop, like in 2008, but rather will stabilize. Three reasons why: 1. Milliennials will keep overall demand up 2. Homebuilders will slow down on producing new inventory, and we're already at all time lows for inventory 3. Existing homeowners will be hesitant to sell because most are locked into a 30-yr with most likely a sub 2-3% mortgate
All of that, in theory, will result in less overall supply which will keep prices stable
[1] https://twitter.com/LoganMohtashami/status/15084587889693450...
[2] https://twitter.com/lenkiefer/status/1507870733615214598
house starts are increasing
https://fred.stlouisfed.org/series/HOUST
i wouldn't expect this to level out or even decrease without a drop in prices, but what do i know
Not sure what to make of Wilson's post, but I can say that the Hedera news is much ado about nothing.
Hedera raised $100M from investors in 2018. They are now down to $30M in the bank and the market value of their HBAR token continues its push towards zero.
Google has agreed to be a member of the Hedera council, that is true. However, all that this amounts to is:
"...Google Cloud will operate a Hedera network node, and make the ledger data available for analytics alongside GCP's other public DLT datasets..."
So, GCP spun up a single server and will also now allow you to compare data between the Hedera network and 8 other blockchain networks (I went and counted the ones that GCP said they provide datasets for).
If I was a high schooler, then it might be kind of neat that I spun up a server and hosted datasets for 9 different networks. Seems a bit different if I do that while being the world's 3rd largest player in the cloud-computing market.
seems like their coin got pumped by this news,
https://coinmarketcap.com/currencies/hedera-hashgraph/
interesting marketing move?
peakay commented on 380k Guesses Dataset – Higher or Lower? kaggle.com/sdobson46/high... · Posted by u/sammyd56
just off the top of my head, https://database.lichess.org/ has a larger gameplay dataset than what you're claiming
peakay commented on Americans Now Need at Least $500k a Year to Enter Top 1% bloomberg.com/news/articl... · Posted by u/pseudolus
As usual, nationwide statistics always seem kind of dumb. OK, I'm only in the 5th percentile, but I live in a very rural area, in a state with very low taxes where real estate is still reasonable. So yeah, I'm not in the 1%, but I bet my buying power is at least on par with a 1% living in NYC, SF, etc.
what does buying power mean? like, you're able to buy some house on your not 1% salary in your rural area, and a person on a 1% salary in nyc/sf could not buy an equivalently nice house?