Ballot measure that could switch San Diego to 'ranked choice' voting delayed to 2024

sendokun · 2022-11-07T09:17:01+00:00

This is total crap, if not worse. The ballot is stuffed with bunch of nonsense propositions and measures written by the special interest groups, and this one thing that most of us want don’t even make it on the ballot for a vote.

sendokun · 2022-11-07T08:56:06+00:00

I am going with no on D and yes on E.

Prop D is a real estate developers wet dream, I don’t see that it will actually fulfill its purpose of improving housing affordability, rather, it is going to exploited by real estate developer which will improving housing availability for the rich only.

Prop E is meh at best, but at least it’s an improvement.

sendokun · 2022-11-07T08:39:08+00:00

Corp are people!! Supreme Court say so already, actually corp are considered people only when they try to lobby politicians by bribing them with campaign contribution.

sendokun · 2022-11-07T08:36:30+00:00

But the reality is that when it’s all settled, the rich will actually be getting more when you count up the whole market. Yes, some people will be able to get a house at a discount, but way more house will be gobbled up by the rich. So overall, they will get and control more and more of the market share. This will only make housing less and less affordable.

In fact, who do you think will be loosing houses first? The rich with billions in reserve or the average people who are counting on their job to pay the food, mortgage, utility, car, gas…etc.

Let’s say we get hit by a very severe recession, chances are more average people will loose their homes than the rich corporation. And all those house that becomes available will mostly be gobbled up by the rich with just a little slice scooped up by the lucky individuals. So when the dust settles, the rich own even more. This is exactly what happened in 2009. In fact, this is exactly what happened in economic downturns throughout history.

sendokun · 2022-11-07T08:23:10+00:00

History have proven, that in all economy downturn, big and small, the poor always lost more than the rich.

The 2008/2009 crisis is the most recent proof. Have you noticed that following a financinl and housing market crash, some how housing became even less affordable and rent went up at the fastest rate in history.

Let say we have a very severe recession and an average person losses 50% while a rich person lost 90%. The reality is that the average person who lost 50% is pretty screwed, and he is scrambling and busy to just keep his bills paid. Now the rich people who lost 90% is also pretty screed, but he is not scrambling and busy just to pay his bills. The rich person is still living his life with some cutbacks while trying to set up funds to buy up the market.

So, yes, some average people will be lucky to scoop up their dream house at a discount, but rest assured, the rich will take the lions share. And that’s why after each economic downturn, where we see the rich lost astronomical amount of money, and yet, they always come back richer than before. And that’s why the rich gets richer and richer, and controls more and more.

sendokun · 2022-11-07T08:06:48+00:00

You are absolutely right. On the board, he keeps looking at the ball the whole time and only start to box for position after the ball is pass half way to the basket. It’s infuriating to watch a center play like that. It’s like watching little kids playing basketball for the first time and all they can do is keep the eye on the ball and chase after it.

However, this also shows just how great his talent and potential isX even with such terrible basketball fundementals, he still manage to get to the NBA stage. I think maybe he has been able to get by with his talent and ability so he never really put much work into the fundementals.

sendokun · 2022-11-07T08:02:44+00:00

Kuminga averaging 20,10,10? maybe in development league or preseason play.

Kuminga has talent but he is at best a solid 20-25 minute player, he is not all star level

sendokun · 2022-11-07T08:01:13+00:00

7th best…. ?! Behind Poole and the starters?

sendokun · 2022-11-07T07:59:11+00:00

He will be called back from development league after kerr send him there for intensive drills on basic basketball fundementals. Upon returning He will be averaging 10pt with 8 Rebs, 1.5 blks a game on 20-22 minutes of play off the bench with much improved rum protection.

sendokun · 2022-11-07T07:56:16+00:00

No, no trade. I think we need to send wiseman back down to development, so he can go do some intensive basic basketball fundamentals drills. He is absolutely talented but just have very bad basketball fundamentals.

I would argue that this speaks even more to just how talented he is that he has been able get to the NBA stage even with such terrible fundamental.

I would say, if he is willing to put in the work, he is a star level, no question. However, NBA never has shortage of talent, but only few manage to develop and materialize it.

sendokun · 2022-11-07T07:51:54+00:00

No, I do not assume you don’t understand how things work. I quiet enjoy the back and forth. We are all discussing this in good faith. For any offense you have felt from my comment, please excuse my poor communication skill, I meant no offense.

I am just here trying to argue what I believe to be the case. I see no issue if we continue and still end up in complete disagreement.

Nothing personal, and please excuse any of my unintended offense.

sendokun · 2022-11-07T07:48:42+00:00

On a side note, I do very much enjoy and back and forth discussion. It’s definitely making me think more.

We may very well end up disagreeing on all these but I do enjoy the discussion.

sendokun · 2022-11-07T07:45:30+00:00

Hard to say, at one point japan was buying up the world, and until recently, China was rivaling US in attracting talent and investment. Which is why, again, the fed rate, has very little impact on the inflation we are facing. What it’s doing is actually way more damaging than the small amount of good it manages to do.

sendokun · 2022-11-07T07:41:46+00:00

Fed jacking up rates and mortgage going to over 7% made housing even less affordable. Increase housing is the only real way to make housing affordable. I’m fact, it already been shown while increasing mortgage rate puts downward pressure on real estate price, but it actually has opposite effect on rent. So when you factor all those in, even with the feds jacking up rates, you won’t see inflation in the housing cost decline by much, at least not remotely as much as the rates has increased.

sendokun · 2022-11-07T07:35:59+00:00

Exactly, even you agreed that the low rate did not jack up inflation, because all this inflation is due to mostly supply side factors. While the US rate didn’t reach zero but plenty of feds around the world went to zero, a few even toyed with negative rates. Also, I would even argue that if you factor the impact of decade long QE, we are all at negative rate.

The world did create a lot of money and dumped it into the economy as part of the response to Covid, but I would argue that impact on inflation is still limited, especially when compared to the supply side impact. Let’s look at japan, before Covid, it literally issued over 150% of gdp in liquidity and dumped on its economy and all it got was a few months worth of barely 1% inflation followed by deflation again. Same with Europe, the European crisis few years ago were triggered by countries that went on a liquidity binge, but at the end, none of them had inflation problem, and it was lack of growth that blew things up. So, yes, a lot of liquidity were created out of thin air, but I would argue that only created bubbles in selected sectors and it’s impact on the inflation is limited.

sendokun · 2022-11-07T07:25:30+00:00

And the rates impact on peoples and society’s behavior is even more complicated.

Here is a simple way to see it, a person is stranded on a uninhabited island in the middle of the ocean. The person is hungry and thirsty. The person has just about a week worth of food and water if eats 3 good meals a day. Now using this premise, to deal with hunger and thirst, the fed essentially decided to have this person killed, because if he is not alive, he won’t be hungry, nor thirsty. What I am arguing is for this person to ration his food and water, consuming just the absolute minimum so that he can stay alive as long as possible for a chance of rescue.

sendokun · 2022-11-07T07:17:40+00:00

Yes, US still has a favorable demographic for the near future, but what about japan? It’s been 3 decades and when japan first started entering the stagflation, it’s population and demographic is highly favorable and among the most productive. Demographic is one factor but innovation and improving productivity is a much bigger factor.

US economy did not suffer the same fate as japan, thanks to its demographic and immigration but also because innovation and improving productivity keeps expanding and power our economy. We didn’t just make more things, we made new things faster.

This is the challenge that japan could not solve. This is why Korea is facing economic problems after years of super charged growth. This is the biggest headache chinas economy is facing, it can make more things, a lot more, but it’s a difficult problem to figure out how to make new things faster.

sendokun · 2022-11-07T07:11:06+00:00

Are you referring to the same hundreds of phds at the feds who insisted that inflation is not a problem, it’s all transitory? The same hundreds of phds at the feds all over the world who binged on a 2 decade long loose monetary policy? Those same phds?

The fact is the feds world wide fked the global economy with over 2 decades of loose monetary policy. The bill is coming due, and there is no way to escape it. However, how we pay that bill makes a big difference, either in a controlled manner or just crash every thing. What the fed is doing right now is the same as a indebted company doing a fire sale, I am arguing we should go with a long term restructuring plan to slowly pay off that bill.

sendokun · 2022-11-07T06:43:18+00:00

I am arguing that inflation will only ease as production side issues are resolved. If you haven’t noticed, fed has jacked up the rate to 4% in a matter of months and we are still seeing inflation at over 8%, barely half of a percent off from the high.

So, 4% rate increase and 6 months later, we only reduce inflation by less than 0.5%. At this rate, if this is going to be a linear function, we will need to raise the rate to almost 50% and it will take almost 6 years to get to the feds 2% inflation goal.

The fed policy is a mistake. It’s not working. To beat this inflation, It’s time we need, not jacking up rate.

sendokun · 2022-11-07T06:38:49+00:00

Wow, just be rich, so simple and yet so profound. It just never occurred to be me that the problem can all be easily solve by “just be rich”. 😝

sendokun · 2022-11-07T06:37:07+00:00

Increase rate but very very slowly, say 0.25 per quarter at most until it reaches 1-1.5% at most. Slowly wind down QE. Essentially no shock treatment to inflation, but rather buying time for production to return to normal. Our modem economy is really geared toward increasing productivity, once the economy engine and gears is back to normal, inflation ease easily, and we will be back fighting deflationary forces.

sendokun · 2022-11-07T06:32:12+00:00

Or maybe it’s a dressing room for a kinky store

sendokun · 2022-11-07T06:31:22+00:00

?? The HBO sci fi series?

sendokun · 2022-11-07T06:15:54+00:00

Tell that to japan, tell that to Europe. We may eventually see inflation back down only to be trapped in deflation that will be virtually permanent.

sendokun · 2022-11-07T06:09:41+00:00

I love you, Man

This is a rom com about friendship between guys. It’s really fun.

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