372600+ entries in 0.087s
mircea_popescu: pankkake "useless stupid unwanted money that nobody knows what to do with"
mircea_popescu: they're gonna revolutionize the way people do rounded corners.
mircea_popescu: mike_c and they got nothing, all they have is css devels.
mircea_popescu: all it can come up with these days is a very thin sliver at the very top and a very wide base of ycombinator retards.
mircea_popescu: ohio has flyover zone immunity. california has nothing, hollywood's dead and sillicon valley is losing it.
mircea_popescu: mike_c you know, california is going detroit before ohio is.
mircea_popescu: but obviously, before buying in one'd have to very seriously consider awhole host of things.
mircea_popescu: peterL afaik ohio does not have the monoindustry problem
mircea_popescu: pankkake unless there's a war, $30k detached housing in ohio CAN NOT be a bubble.
mircea_popescu: just, not the usual "it's been 5 days, any updates ?" sort of "investing"
mircea_popescu: or it could be a good way to run from btc if you consider it drops.
mircea_popescu: pankkake that's the only reason this may make sense, the guy seems to know the situation on the ground
mircea_popescu: you obviously wouldn't think of buying the thing otherwise than "buying an us future with a built in interest rate"
mircea_popescu: mike_c well, it's going long fiat. there are situations where one'd want that.
mircea_popescu: the judgement of the business pivots on the judgement of the guy, as it's tghat small. he seems clever and dilligent but how do you ever know.
mircea_popescu: quite frankly, i can not see how anyone'd put up with this arrangement.
mircea_popescu: on top of that, loose money bubbles the real estate. because they'd rather be the guy paying 1k for a 90k property
mircea_popescu: it's the ingrained notion learned through experience by all us inhabitants that the more you pay the less you're gouged
mircea_popescu: it's not loose money policies that cause those, and loose money policies don't cause them in the eu.
mircea_popescu: which, incidentally, is one of the deep causes of us real estate bubbles, i am coming to realise.
mircea_popescu: peterL you're not getting gypped quite as bad as the average.
mircea_popescu: think, millionaire in the 3rd world, never used as much as a real estate agent.
mircea_popescu: peterL yeah well, how much you paying and what's it worth ?
mircea_popescu: Duffer1 it's only obscenely expensive BECAUSE of such restrictions
mircea_popescu: all i used was a half hour of notary public time, cost me ~35
mircea_popescu: i never used ANYONE. not a real estate agent, title company or escrow. ever.
mircea_popescu: which makes it quite feasible for me to buy up real estate personally
mircea_popescu: not to mention you idiots - as there's no better name - still don't use torrens.
mircea_popescu: i had not previously realised the us is on such a weak footing, tbh. i mean i had a general notion, but i never cared enough to examine the real estate situation.
mircea_popescu: you're still being taxed 50k for the priviledge of existing, it just shows up less in the %s
mircea_popescu: mike_c no, it's really the baseline that's hidden from you because in california rents are what, 1300 minimum
mircea_popescu: Duffer1 exaggerate to hell property values, which make rents a smaller proportion but also exaggerated to all hell.
mircea_popescu: pankkake this was spurred by a guy's data re central ohio. meanwhile i had intel check it out
mircea_popescu: but i mean... 4.5x ? come on. it's real estate not nuclear physics.
mircea_popescu: so today i learned that while in romania you pay 350 euros a month to rent a property worth 70k, in the us you miostly pay 700 dollars a month to rent a property worth 30k
mircea_popescu: basically "btc is not a transactional currency" is a fancy way of saying "the usd is shit, so everyone'd rather spend that"
mircea_popescu: bad money driving the good into the storwe of value function
mircea_popescu: and in general these "professors" and "experts" would do a lot better reading more and talking less.
mircea_popescu: bitcoin is and was a store of value. this is trilema 2012,
mircea_popescu: "transactional currency" is a meaningless string created to give the appearance of depth to a nonsense piece of posturing.
mircea_popescu: someone should save all this retardedness so we can mock "mainstream" media later on.
mircea_popescu: notice how kids play about being cavalry officers on their wooden horse cca 1800
mircea_popescu: nah, there's no multi billion dollar steam company already in business
mircea_popescu: like you know, a regular thing! creativity! revolution!
mircea_popescu: and before you know it there's going to be a bloweing start-up in virginia, which is going to maybe one day have airplane flights among cities!
mircea_popescu: one of these days some us kid is going to pay attention in school, and thus hear about this "flying with machines heavier than air" new idea
mircea_popescu: s pretend there doesn;t exist a $1bn+ player around and our 5mn start-up could matter"