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bpt3

671 karma · joined August 1, 2019

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bpt3··on Michael Burry says neither SpaceX nor Anthropic is worth $1T
AI is far from becoming an essential work utility, Anthropic will not be used by approximately 100% of the office workers in the developed world, and a price to sales ratio of over 5 for a company that is struggling to become profitable due to high operating expenses seems exceptionally high.

The problem with all these companies is that they are priced as if their training and inference costs are going to come way down, but somehow only for them specifically.

bpt3··on US healthcare still stupidly expensive, with pathetic outcomes, study finds
You can like your current healthcare and understand that the current system is inefficient. I am one of those people.

There's also many, many types of universal healthcare (including the very crude version we currently have in the US), some of which have more support than others.

I would support a system like Japan, Switzerland, or the UK, but not one where private insurance is banned.

bpt3··on US healthcare still stupidly expensive, with pathetic outcomes, study finds
We have done a number of things about it, most of which are more expensive and less effective than the very simple option of just adding them to Medicare, but expecting people to change from what they know and like to benefit less than 10% of the population is not a winning strategy.
bpt3··on US healthcare still stupidly expensive, with pathetic outcomes, study finds
Thanks for confirming you're doing exactly what I thought you were.

Claiming there's "very little middle class left" is laughable, and then I can double over when I remember that the median household income is higher in Mississippi than it is in the UK.

Your wall of citations is basically just documenting the vibes I described. You missed the "(some scary percentage) of households are living paycheck to paycheck" one which is regularly discredited because people don't know how much they spend in general and consider things like optional 401k contributions to be "spending".

Please, please, please provide the name of this charity so I can donate to it.

bpt3··on US healthcare still stupidly expensive, with pathetic outcomes, study finds
Sure, lots of people have no idea what it's like to live abroad and have doomers telling them to get out because it's not their fault they aren't successful in the country where the middle class has the highest disposable income in the world. I'm well aware they exist as a person who spends some amount of time online, so you can spare me the lecture about being curious.

Those people would be better off under a more generous welfare state, but immigration policies in those nations are much less dysfunctional than our own. If you are able to offload some of these people onto another nation, I thank you, but it's a very odd focus for a charity.

If you want an example of how uninformed the people inside your TAM are, see the younger women polled in your citation. Based on other data, I strongly suspect they are motivated to leave due to actual and potential changes in abortion law and policy in the US (which I do not support for the record), and have absolutely no clue whatsoever what rights they would have in most of the rest of the world (spoiler alert, it's less than most Americans have).

bpt3··on US healthcare still stupidly expensive, with pathetic outcomes, study finds
And those comments are correct for the vast majority of American households, which is why the status quo remains.
bpt3··on US healthcare still stupidly expensive, with pathetic outcomes, study finds
> I help a non profit help US residents get out of the US, explaining the risk model of remaining in the US is a component of that work

Congratulations, I think you just described the most ridiculous non-profit in existence.

bpt3··on US healthcare still stupidly expensive, with pathetic outcomes, study finds
It's normally measured at over 90%.

I am in support of socialized medicine, but most Americans like their healthcare when asked, and until that changes, the system won't change either.

bpt3··on The real cost of owning a home
Condos basically just force you to pay for the ongoing maintenance that the author mentioned, but with the downside of not actually having any control over the quality of the work or the decision making process at all unless you're on the condo board.

Condos are generally the worst of both worlds, because you have almost all the responsibilities of homeownership combined with nearly all of the restrictions of renting an apartment.

There's a reason they appreciate significantly less than other types of property.

bpt3··on The Cost of Owning a Home
Yep. Yet many on here (and other specific online forums) will tell you that your only options should be owning a home or renting an apartment because they don't feel the single family home they desire is within their price range, and resort to advocating for short-sighted, draconian policies as an means to an end that is favorable for them.
bpt3··on Houses are for living, not for speculation
By your personal definition of hoarding maybe.

Enjoy all the housing you could ever want when your town has even less economic activity than it did before!

bpt3··on Houses are for living, not for speculation
I mean, you can call it hoarding if you like, but that's not a very widely held opinion.

Spain is one of the last places on Earth I'd look to for economic policies. Enjoy your even higher unemployment and additional dying towns after attacking your only notable industry (tourism) I suppose.

There's plenty of housing available in places with no jobs, so mission accomplished in one sense!

bpt3··on Houses are for living, not for speculation
> For homes, I don't know if there are.

Generally, there aren't any meaningful number of completely vacant homes in desirable areas in major cities. The caveats are there for cities like Miami where there are a significant number of second homes, cities like Detroit and Baltimore that have failed in some sense and experienced major population loss at some point, and rural areas that also have been experiencing population loss for some time.

I don't have a problem with vacation homes and most Americans don't seem to either, but if you do, okay.

The areas with declining population aren't really relevant to the discussion IMO, other than it's cheap housing that exists as a counterpoint to the people who claim no cheap housing exists.

> But I think taxes should be levied in line with incentives. If you place a wealth tax on property ownership, the only tangible thing that will happen is rents going up to offset. Since the tax applies to all landlords, it will be the closest thing to rent inflation.

I agree.

> What you really want to avoid is homes built but sitting empty. Whether that's a builder who can't sell at asking price, or a landlord not getting the rent they want doesn't matter.

Sure, but that's not a problem today. Builders aren't sitting on homes for extended periods of time, and landlords aren't leaving units empty for extended periods of time either. They are already disincentivized from doing so by existing carrying costs, so they don't.

> If the city sold a lot to you, they did so for improving home supply, not the developer's profits.

They presumably did it to generate revenue for the city, though there isn't much buildable city-owned land in most municipalities.

> For commercial, my opinion was based on Louis Rossman's YouTube channel about New York. The hypothesis there is that loans are based on property value, which are tied to requested rent. Asking for a lower rent might mean they have to put up more collateral, which they can't. So they keep asking for high rates and leave it vacant.

The commercial market is completely different than residential. Loan durations are shorter, terms are different, and there are many other factors that differ.

That analysis can't be applied to the residential market.

bpt3··on Houses are for living, not for speculation
Cities in vacation spots have vacant homes, but most "big cities" do not, and vacation homes are not an example of hoarding.

In short, you're just making things up. I'm glad you aren't in charge, though there are a concerning number of people with your mindset.

bpt3··on Houses are for living, not for speculation
You're "pretty sure"?

All data would indicate otherwise, and why shouldn't short term rental or vacation properties exist?

bpt3··on Houses are for living, not for speculation
For one, you're solving a non-problem in the US and creating new problems.

Why do you think people are hoarding land today that could be used for housing developments and leaving it empty?

What is "too much" land that would subject it to your exponential taxation?

bpt3··on Houses are for living, not for speculation
Why?

Presumably you mean desirable land is scarce, which is true by definition, but land in the US is far from scarce.

bpt3··on Houses are for living, not for speculation
When in modern history has that ever worked? Why would this time be any different?
bpt3··on Houses are for living, not for speculation
When you ban "speculation" on an asset class, you're just telling owners (including creators) of that asset class that they will make less money if and when they sell.

Setting aside the "I know it when I see it" definition of speculation used by most people that changes as needed during a discussion and all the negative side effects that come with that, is telling people who produce a scarce asset that they will make less money when they sell it a good idea, or a bad idea?

Why do you assume that prices increasing faster than inflation is manipulation, and what is the definition of "normal changes in demand"?

Real estate historically hasn't appreciated faster than inflation over time. Supply constraints, historically low interest rates, and a couple other factors have changed that in a number of areas in the last couple decades, but not all. The Rust Belt is a prime example, yet for some reason that isn't relevant in these discussions.

bpt3··on Houses are for living, not for speculation
It's hard to think of a market that is less free than housing, including electric utilities with the advent of solar. Probably pharmaceuticals? I'm sure there are a couple others. Calling it "totally free" is naive.

Because of how tightly coupled local taxation is to the real estate market, the political risk associated with angering local homeowners, and the regulatory capture performed by local government employees and supporters of the status quo, it's highly, highly regulated already in nearly every populated area of the US.

bpt3··on Houses are for living, not for speculation
No, the easiest way to curb this is to make it easier to build homes so that supply is closer to the level of demand, not create even more policies that will reduce supply.

Controlling 11% of the rental market is not enough to manipulate it, and that's one of the most concentrated markets in the US if I remember correctly. It's not an actual issue. If those 3 companies are in fact colluding, use the existing laws against that to prosecute them instead of inventing more counterproductive policies.

bpt3··on Houses are for living, not for speculation
Maybe severe capital controls and other heavy-handed and objectively unwise but politically desirable (for a certain group) financial policies aren't the best plan for maintaining a stable economy?

I wonder when Xi will come up with a witty one liner for that one.

bpt3··on Houses are for living, not for speculation
Just make it easier to build houses. It's like the Bitter Lesson, but for regulation-loving progressives.

Also, buying or building and operating an apartment complex isn't speculation in general, unless you consider basically any financial investment speculation.

bpt3··on Houses are for living, not for speculation
Where does this misguided theory that there are vacant homes in desirable areas come from?

All data indicates it's not the case, as well as common sense.

bpt3··on Meta in row after workers who saw smart glasses users having sex lose jobs
> It doesn't. It ends with me providing the common definition of meaningful, which is apparently something you were otherwise incapable of determining yourself?

Your post was marked as dead by the mods, and I didn't have deadlinks enabled. I'm glad we now have external confirmation that you are commenting in bad faith and the substance of your comments is obnoxious and useless enough that this site hides some of them by default.

I think that's a good ending point for this thread, because you have absolutely nothing of substance to say on any topic remotely related to technology. I'm betting you're a lawyer?

bpt3··on Meta in row after workers who saw smart glasses users having sex lose jobs
> Thinking that Facebook should solve its own child pornography problem is not a weird perspective at all. What is weird about that? What do I need to elaborate on? That's my position. Are you saying it's unfounded?

Again, the person you originally were talking to about this and myself have pointed out that it's not just Facebook's problem, it's society's problem, and all I have said is that there are tradeoffs, which you deny for inexplicable reasons (probably because you have no idea what you're talking about, but feel free to correct that assumption).

In a similar vein, I asked you what specifically you'd like Facebook to do, and you didn't have any meaningful answer (probably because you have no idea what you're talking about, but feel free to correct that assumption).

> I did, you asked me to and didn't respond.

Why does this thread end with my question: https://news.ycombinator.com/item?id=47987893

Where is your comment where you've defined these basic words and got no response?

> Oh, excuse me, not everyone, just "basically everyone else on earth". Again, incredibly dishonest on your part.

I'll restate to "basically everyone on earth with a clue about the differences between centralized and distributed systems".

> There's nothing ill-defined about my stance. It's very clear. Meta should clean up its child porn mess,

The first obvious question is: How (what is the definition of "clean up")? The obvious question after that is: If they do so, where do the pedos go next, because Facebook didn't create their interest in child porn? The obvious question after that is: Is that better than the status quo?

Yet you have literally no comment on this. Why are you so adamant about your position when it's apparently so uninformed?

> Well, I think it's incredibly disingenuous to act as if the only reason one could come to such belief is because of an extreme opinion. I'm willing to bet you that most people would agree with me that Facebook should do something meaningful about its child porn problem.

See the link above where I asked you to define meaningful and you didn't respond. They aren't doing nothing now from what I can tell, and they certainly could be doing more, to the point of shutting down their service entirely. What is "meaningful" to you?

> For no discernible reason you jumped to the conclusion that what I stated is an extreme opinion only shared by zealots. I'd bet most parents would agree. I'd bet most people would agree. In fact, you haven't at all explained what is extreme about that opinion. I think most people think child pornography is a problem, and I think most people think that Facebook, a website which facilitates the proliferation of child pornography and enables predators to get in touch with children, shouldn't. That all seems fairly self-evident, actually. I'm not sure where you spend most of your time such that you think people don't think child pornography is a problem and that only zealots care about it. What a weird place that must be.

I live in a world where Facebook is used for a lot of things, just like every other service on the internet, recognize that those services are far from the root cause of any issue related to the creation or distribution of undesirable content, understand that they are not able to solve the root cause, and that the only way for them to fully eradicate any specific type of content from their service is to shut it down, with the end state being no internet once this is applied to all services that host content.

If you see that state as acceptable or desirable, then just come out and say so. If not, then you need to accept that online services will end up hosting some objectionable content at some point. You rejected both of these options previously when stated slightly differently, and have yet to describe a third state that must exist for that rejection is valid, which is what leads to believe you might be some sort of zealot (as they are known for rejecting reality). Feel free to describe why this rejection of the only two option I'm aware of is valid at any time, beyond just saying "Facebook needs to do more".

> Yet you came back to respond again. Either engage in a conversation honestly or fuck off.

You could start by sharing a coherent thought beyond "Facebook bad" on this topic. I've presented numerous comments and questions that have gone unanswered.

bpt3··on Meta in row after workers who saw smart glasses users having sex lose jobs
> I never used these words either.

You don't use any words, other than repeatedly saying "Facebook should be solving this problem they created", so people have to fill in the gaps because that is a very strange perspective and you refuse to elaborate.

> That's where the dishonesty is. Look back at our thread, how many times have you done that? You ask me to define basic words and then don't respond when I do... everyone else on earth agrees with you? Just read this thread. There is literally someone else in this very thread here agreeing with me.

You don't define basic words, that's the issue.

I never said everyone agrees with me, and the one person "agreeing" with you is just as clueless about the pros and cons of a centralized vs distributed system.

> You did. You argued it's better to be on Facebook than on smaller sites and audaciously asked me how I could disagree?

I did not. You're either confusing me with someone else (and twisting their words) or just imagining messages, just like you're imagining that you've diligently responded to every request for clarification on your ill-defined yet adamant stance.

> It's much more telling that you think those are the only two reasons why someone would think "Facebook should really do something about its child porn problem already."

Again, feel free to elaborate.

> Good riddance

Likewise

bpt3··on Meta in row after workers who saw smart glasses users having sex lose jobs
There's nothing dishonest about my attempts to have a conversation with you about this.

You've decided that there's some relatively easy solution to a problem that existed before Facebook and will exist after Facebook that Facebook should be implementing to solve what appears to be an unsolvable problem to basically everyone else on earth, yet you have no ability to describe this solution and don't seem to have put much effort into thinking about it beyond assuming it exists.

No one is arguing that it's better for child porn to be anywhere. What myself and others have said is that there are tradeoffs to be made concerning content moderation, and you basically refuse to even contemplate the theoretical benefits and downsides of different approaches and their outcomes.

I don't know what your motivation is, whether you just have some irrational hatred of Facebook, are a zealot concerning child porn, both, or there's some other explanation for your obstinate ignorance, but attempting to talk to you appears to be a complete waste of time.

bpt3··on Meta in row after workers who saw smart glasses users having sex lose jobs
Content moderation is a general problem, whether you're talking about child porn, content intended for mature audiences, or memes about Winnie the Pooh.

What I and others are trying to tell you is that your obsessive focus on Facebook as if they are the root cause of the problem is incorrect. There is no magic solution I'm aware of because each of them have some sort of tradeoff.

The most extreme version of content moderation I can think of is that a human being examines and approves every single message of any kind before it is published, any image of a minor is banned because it's too hard to objectively define child porn (that still leaves the open question of how to determine if someone is a minor visually), and no accounts for anyone under the age of legal majority are allowed, as verified by a legal ID that is checked by a human being.

Even in that case, kids will find some way to get an account or just use their parent's account, and the door is cracked open again. And the pedophiles will just go elsewhere, probably using a service with significantly less resources available to attack the problem, which is probably worse than the status quo.

This doesn't even touch on the privacy concerns that most people would have with every message being reviewed.

As I said before, I would welcome you to share the solution that you imply exists which addresses every issue above.

bpt3··on Why Almost Everyone Loses–Except a Few Sharks–On Prediction Markets
When social security "fails" (which I would define as not paying out 100% of its defined benefits), the payment structure will be changed and that's the end of it.

If paying for basic living expenses and higher education for your kids has "broken you", then you either didn't have the good job you thought you did or you aren't making very sound financial decisions (or both). Given that you own a paid off house, I suspect the actual issue is a complete lack of perspective on your part as to how well you have it.

In short, the economy is not failing, you're just a doomer.

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