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Joined 2 years ago
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Cake day: October 28th, 2023

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  • Housing needs to be less commodimized, but tons of normal families have their entire network tied up in a home.

    Any act that raises home prices hurts though without and any act that lowers home prices hurts those with. How can we untangle homes being family’s largest asset without screwing older people.

    Without homes and apartments being a commodity, how do we determine who gets to live where fairly? Isn’t there like 10x as many vacancies than homeless people? So it’s not a supply issue, it’s a location issue. The open market is great for sorting that out, but the open market has abused housing and is squeezing too hard.

    I don’t like that home prices are as high as they are, and we need to change our mindset about how home pricing should work. It needs both government oversight and market forces.




  • Amazon does probably do this, but burning down a retail store wouldn’t hurt their competition.

    Tinfoil hat time, the equity firm that bought toys r us, bain capital, somehow got people to agree that they could use the equity of toys r us as collateral, then heavily leveraged themselves to buy out a bunch of companies that competed with toys r us and therefore Amazon, and after buying out all these companies, collapsed in on themselves dragging all of them down with it.

    Amazon already handled a lot of toys r us’s logistics at the time, so it was a nice boon for them to already have the infrastructure in place to support that market when suddenly toys r us starts making highly risky leveraging decisions.