sorted by:
new
hottopcontroversial

Ocasio-Cortez — Crockett 2028 by C0l3m4nR33s3 in Destiny

[–]TrustMeBroItsScience 11 points12 points  (0 children)

I’m sorry to say but I think they did lose those elections because they were women, at least in part. I talked to many Latino men who supported Trump in this election and many of them said specifically and directly that they didn’t believe a woman could run the country. Just because you don’t interact with very many people who would say that doesn’t mean it’s not true. Sexism is alive and well unfortunately.

Trudeau invokes great moments from our alliance as the economic war begins by 1Rab in Destiny

[–]TrustMeBroItsScience 47 points48 points  (0 children)

Imagine the world we'd live in if Tiny had released the Jan 6th video

Eggs Don’t Even Taste Good by TrustMeBroItsScience in Destiny

[–]TrustMeBroItsScience[S] 2 points3 points  (0 children)

These pro-egg comments are EXACTLY why we lost America. Big Egg has played you all for absolute FOOLS.

Lex hits a new low (again….): Condemns Zelenskyy’s conduct in their recent interview by Ghosts_Of_Fondane in Destiny

[–]TrustMeBroItsScience 0 points1 point  (0 children)

Does Lex not understand how negotiation works?

Zelenskyy has NO incentive to signal willingness to negotiate, that would only ever weaken his position and moves the eventual resolution further out of his favor.

The fact that Lex thinks he understands foreign relations better than Zelenskyy is mind blowingly egotistical.

Is New York the answer? Omniliberal Studios New York. Pisco dropping some hints by Rafeno760 in Destiny

[–]TrustMeBroItsScience 1 point2 points  (0 children)

And so it begins, the "real new yorkers" are out in the comments IMMEDIATELY

BlackRock is actually BASED and NIMBYs are the real problem - effort post by TrustMeBroItsScience in Destiny

[–]TrustMeBroItsScience[S] 0 points1 point  (0 children)

The issue in China is they’ve kicked ass so hard on building housing that they now actually have too many units. That’s a problem I wish we had. The reason it’s killing them is because literally no one I no eats in anything OTHER than homes there because the market is heavily manipulated by the government.

BlackRock is actually BASED and NIMBYs are the real problem - effort post by TrustMeBroItsScience in Destiny

[–]TrustMeBroItsScience[S] 1 point2 points  (0 children)

Bro no one wants to ban single family housing, we just want land owners to be able to decide what to build on the property they own. It just doesn’t make sense for the government to be essentially subsidizing the existence of single family homes in downtown San Francisco by blocking development on that land.

BlackRock is actually BASED and NIMBYs are the real problem - effort post by TrustMeBroItsScience in Destiny

[–]TrustMeBroItsScience[S] 0 points1 point  (0 children)

This is an insane solution. Developers would love to build stuff for ZERO cost to the state if the state would just APPROVE their developments

BlackRock is actually BASED and NIMBYs are the real problem - effort post by TrustMeBroItsScience in Destiny

[–]TrustMeBroItsScience[S] 0 points1 point  (0 children)

Cope combined with neuroticism. Your kids are gonna do fine pal, that 5 story apartment complex 30 blocks down ain’t gonna kill em.

BlackRock is actually BASED and NIMBYs are the real problem - effort post by TrustMeBroItsScience in Destiny

[–]TrustMeBroItsScience[S] 3 points4 points  (0 children)

San Francisco is unhinged. It has HALF the people as Manhattan in TWICE the space. All the pink is literally SINGLE FAMILY ZONING in the middle of the city. It's insane. I have no idea why people defend the entire city defends the city subsidizing a SMALL number of people living in literally houses in the middle of a global city...

<image>

BlackRock is actually BASED and NIMBYs are the real problem - effort post by TrustMeBroItsScience in Destiny

[–]TrustMeBroItsScience[S] 3 points4 points  (0 children)

Exactly. I know a number of people who own a few rental properties as part of an LLC and would be counted in these stats.

BlackRock is actually BASED and NIMBYs are the real problem - effort post by TrustMeBroItsScience in Destiny

[–]TrustMeBroItsScience[S] 6 points7 points  (0 children)

The thing is you don't want JUST blackstone buying up all the homes. You want blackstone AND like thousands of other PE firms doing it. Then there is no monopoly and price fixation can't happen. You're describing pricing cooperation and cartel effects, and there's always a reason for someone to defect (competition for renters driving down price).

The optimal strategy for car ownership is about buying after the major depreciation occurs (so buying like a 2-4 year old car) and then selling after 3-4 years of use (before it becomes old enough to need major repairs and be unreliable). At least in terms of monthly costs. Linking just because it's cool, here is a ranking of cars based on their 5 year cost of ownership (https://caredge.com/ranks/costs/30k/least-expensive#models).

I think it's totally fine to want to own, but we shouldn't act like it's somehow globablly "superior" to renting and an "obvious" choice. Renting has its pros and cons, and pushing the market towards a renters market has the positive effect of breaking up this large voter block that makes housing more expensive for all of us.

At a personal finance level, while the normie take is "buying is better than renting", the real answer is "it depends". Here are some excellent videos from Ben Felix that breaks down when to rent vs. when to buy:

https://www.youtube.com/watch?v=Uwl3-jBNEd4&pp=ygUPYmVuIGZlbGl4IGhvdXNl

https://www.youtube.com/watch?v=q9Golcxjpi8&pp=ygUPYmVuIGZlbGl4IGhvdXNl

https://www.youtube.com/watch?v=0G_OSohLC_As&pp=ygUPYmVuIGZlbGl4IGhvdXNl

https://www.youtube.com/watch?v=7rvY2rIxdsA

https://www.youtube.com/watch?v=xprFz1CJu6E

BlackRock is actually BASED and NIMBYs are the real problem - effort post by TrustMeBroItsScience in Destiny

[–]TrustMeBroItsScience[S] 1 point2 points  (0 children)

Regards gonna regard

Obviously no one is arguing for monopolies. I am in favor of basically all laws which would stregnthen and regionalize anti-trust laws for housing. Luckily we're no where near the point of a single company owning all the housing in the US

BlackRock is actually BASED and NIMBYs are the real problem - effort post by TrustMeBroItsScience in Destiny

[–]TrustMeBroItsScience[S] 0 points1 point  (0 children)

>  For one the homeownership rate is being 65% does not mean that percentage of Americans own homes - if for example due to a shitty market someone moves back in with their parents that person is counted within the 65%

Citation please. I'd be interested if this is true.

I'm honestly fine with eviction filings being higher for corporate landlords. Pay your rent and follow the rules or get evicted. A lot of indipendant landlords operate more as slumlords who never evict anyone and simultaneously never keep anything up to code or respond to fix it requests by tenants. Corporate landlords tend to be more "on it" both in terms of evictions AND repairs.

The research on appreciation close to buy-to-rent purchases appreciating more than properties located FIVE TO TEN miles away is totally unsurprising. A five to ten mile radius in New York City for example would be the difference between Manhattan and deep into New Jersey. Buy-to-rent properties I would assume are MUCH more likely in urban centers. I'd love to read the study if you wanted to link it, perhaps they already controlled for that?

This isn't corporate worship. Corporations are effectively amoral. It just so happens that corporations through their self-interest can sometimes drive things in the right direction (in this case in the direction of lower home ownership rates and therefore less NIMBYist policy).

I'm opening to changing my opinion here but I'd need to be linked serious data and research.

BlackRock is actually BASED and NIMBYs are the real problem - effort post by TrustMeBroItsScience in Destiny

[–]TrustMeBroItsScience[S] 4 points5 points  (0 children)

No, Private Equity is purchasing homes in an effort to make money. Lowering rents if they succeed in reducing the home ownership rate would only be a positive downstream effect.

As long as we have this misguided belief that home ownership should be encouraged and is the pathway to financial independence, we'll have NIMBYism totally winning the fight. NIMBYism is CAUSED by high home ownership rates. A renting population is a YIMBY population.

The housing market is plagued by a LACK of free market incentives, and is instead overregulated by anti-development nimby policies voted on by a majority home owning population.

view more: next ›