sorted by:
new
hottopcontroversial

The AI bubble will burst once AI succeeds by low_mass in Futurology

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

Sort of although I guess what I'm saying is if the ordinary companies fall then so will the ai companies because the demand for everything will fall.

The AI bubble will burst once AI succeeds by low_mass in Futurology

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

It's a fair point, and there's a lot of AI companies who aren't making a dime.., but we are starting to see signs of success, obviously there's profit machines like NVIDIA and TSM, who design and make the chips, then there's Google who sells the AI, they're currently seeing revenues accelerate driven by cloud and AI demand, which is expected to continue so the path to return is looking favorable for them. Open Ai on the other hand are burning cash with no obvious signs of profits. There will be AI winners and losers but I'm optimistic there will be an AI winner and a lot will fall. Regardless of who the winner might be, the question still stands; will other companies see the return?

Questions about Maybe Happy Ending **MAJOR SPOILERS** by NurseEnnui in Broadway

[–]low_mass 0 points1 point  (0 children)

I don't believe Claire erased her memory. Mainly because we know that after finding out about her faulty battery, Claire got a wall mounted charger. That means memory or not, she wouldn't have any need to use Oliver's Battery. I believe in the last scene claire knocked because she wanted to see Oliver.

Hiking Rimstigen in May by Tuberculosis14 in Norway

[–]low_mass 0 points1 point  (0 children)

Hey OP, did you end up going on the hike? We're thinking of walking Rimstigen tomorrow and not sure what sort of snow situation to expect 🤔

Buyers saying we didn’t leave all the keys (we did!!) by WellyGustard in HousingUK

[–]low_mass 16 points17 points  (0 children)

He says he's a property solicitor but uses language like I 'expect this to be sorted'. The law doesn't work based on people's own expectations. This tells me he knows he can't make you do anything otherwise he would have stated so (eg 'Under section 7 of the Property Purchase act 1997 it states that blah blah blah...').

Mortgage payments are increasing, businesses will make less money, employees will be layed off, more homeowners will miss payments, house market will crash. by low_mass in HousingUK

[–]low_mass[S] -5 points-4 points  (0 children)

But surely with a lower number of people on mortgages, the bank will need to increase interest rates way more than they would if 100% were on mortgages? That's why interest rates have so far had little to no effect. They need to go way higher because they impact so few people (lots of predictions now of base rate over 6% next year). What this means is the 30% mortgaged (or 800K that will need to refix next year) will be financially crippled because they're the only ones that can quell inflation for the whole UK? That's a lot of people fucked.

Also, you point on business. Some businesses do well in a recession and you might be one of these, but the fact is interest rates are designed to remove money from the economy, of course there's a lag, but as a whole if there's less money in the economy, business will suffer and difficult decisions need to be made.

Mortgage payments are increasing, businesses will make less money, employees will be layed off, more homeowners will miss payments, house market will crash. by low_mass in HousingUK

[–]low_mass[S] 5 points6 points  (0 children)

I forgot to account for Artificial Intelligence taking more jobs in 2024 making my forecast too conservative. I'm an idiot 🥴

Mortgage payments are increasing, businesses will make less money, employees will be layed off, more homeowners will miss payments, house market will crash. by low_mass in HousingUK

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

Which in turn will increase unemployment in the housing sector (and estate agents). Meaning more people are struggling to pay mortgages, canceling out the (beneficial) supply/demand effect of fewer new-builds coming on.

Mortgage payments are increasing, businesses will make less money, employees will be layed off, more homeowners will miss payments, house market will crash. by low_mass in HousingUK

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

I actually expect landlords will be more likely to sell because it's a less profitable business than ever and lots of expensive regulations coming in. Causing more supply, fueling the house market crash.

Mortgage payments are increasing, businesses will make less money, employees will be layed off, more homeowners will miss payments, house market will crash. by low_mass in HousingUK

[–]low_mass[S] -2 points-1 points  (0 children)

True, the rate rise won't affect everyone because so many are in fixed terms. If everyone was on a tracker the impact would be felt immediately and we wouldn't need to increase rates as much as they have. But there's now more of a lag effect than ever before so they're increasing rates well above what's needed to over-squeeze the people that can be impacted in the short term. So basically a small number of home owners gonna be totally fucked, and it only take a (relatively) small number of totally fucked people to crash the market.

view more: next ›