1,250 karma · joined July 23, 2015
There will be a market for the car, but Ferrari is a mix of a car company, a lifestyle brand, and a jewelery company. The Luce doesn't really fit the image they've cultivated and is not distinctive enough from the rest of the market. It's almost too pedestrian. The inside is nice, but you can't flex on others with a nice interior. It also doesn't have fun features that are proving to be desirable, like the faux shifting that the Hyundai has and that other brands are gonna start adopting. It feels like a car Ferrari made to say they made an EV. Its like they felt they had to, either due to internal or external pressures.
Is it even beneficial to have a house worth a lot of money? Think about places where property is expensive, it is also expensive to live there in general because housing costs so much. The cost of housing means employers have to pay their employees a lot to keep them there. This in turn means you are paying more for goods and services. If you're a homeowner, but NOT a high income person, this is very bad. It means you can't make payments towards maintenance of your house, going out becomes harder, etc. Your quality of life decreases.
People who inherit homes that are worth a lot, but aren't flush with cash end up having to sell frequently because there is no way for them to maintain it. It's also the plot of white lotus season 2 with the villas lol.
Speculation is known to have an effect, but not nearly as much as an effect as under supply. Blackrock THEMSELVES published a paper that the reason their investments are working is due to the low development of housing. Their whole strategy is reliant on NIMBYism and people's lack of understanding of the housing market.
I'm not saying to sympathize with the MS, but they blew a lot of money on a worse game than doom eternal or 2016 doom. It's just not penciling out I guess.
Game companies are always going through this and the only way to stay around a long time is to stay lean (like valve) and/or find a really lucrative business model.
It's not fair to these people that they lost their jobs but also they work in a risky low margin business and as you go for more and more advanced graphics and tech, the lower the margins.
I love that these teams are pushing boundaries of technology, but it also points to an issue with modern game AAA development. It's expensive to make these beautiful games and it's not like they are more enjoyable than games made cheaper.
I believe that the cultures that were developed outside of Meta are used to launder the image that meta as a whole has a good engineering culture.
Companies will still hire new grads, but are being much more careful because the quality of new grads is just so low now. Even "experienced" engineers are having a hard time getting hired because they're honestly not that good but got in when the market just needed bodies. I think hiring is broken for people with more experience due to this.
I do feel bad that people went down a route believing there will be a career down the road for them. I do believe what would help is some sort of licensing. It would add an extra barrier, but there really needs to be a gate to prove some sort of competence because there are now way too many people in the industry who just aren't that good tbh. It's ruining the whole thing for people who do have drive and passion that now can't get in the door due to the skittishness of companies.
Also, yes lots of housing has unbelievably expensive deferred maintenance and many sellers are trying to act like their homes aren't huge money pits.
And anybody who is saying their property value went up, so it was worth it, you really couldn't know that at the time. It wasn't a given (tbf neither is the market going up). Also, it's not like the property actual increased in value due to some quality upgrade, it's due to artificial scarcity. If the political winds change to encourage more housing, that trend could reverse.
There are arguments that you can customize a house you own more and that's true, but that's not a financial argument. I don't think a lot of big renovations pencil out anymore the way people expect. Paying X to renovate a kitchen doesn't increase the value of the house significantly over X anymore because the costs are so high and the high inflation erodes your dollar value much more quickly than in the past.
Artists are taking risks and need legal protection if they want to make art for a living. If artists were making FAANG engineer compensations or all worked at institutions like universities (with all their protections) then maybe they wouldn't care about copyright, but that isn't the living situation for every artist.
You could say an artist shouldn't rely on making art for a living, but that's actually a different discussion.
Also, I find it odd that of all the automation being attempted with LLMs, we're automating the ones that actually are interesting, not the ones that are dangerous or truly rote, yet highly mechanical.