(Thread IKs:
skooma512)
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while catabolic capitalism isn't going to usher in a new era of social relations, it is going to open up revolutionary avenues that have been sealed off for 70 years. it's one thing to maintain stability and control when the bullets and food come from somewhere the working class can't reach them, quite another to do it when the bullet factory and the farm is right there at home.
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Apr 26, 2023 13:41
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Zodium posted:while catabolic capitalism isn't going to usher in a new era of social relations, it is going to open up revolutionary avenues that have been sealed off for 70 years. it's one thing to maintain stability and control when the bullets and food come from somewhere the working class can't reach them, quite another to do it when the bullet factory and the farm is right there at home. 
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Apr 26, 2023 13:43
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Crazyweasel posted:my brother is going through a rough patch so I wanted to get him some pizza from a place he likes. Went to their website, had to make an account to order delivery. If the Dasher fees are less than what you can charge the customer, why not outsource it and pocket the difference? It's what I thought Uber or Lyft should have become: a universal dispatch service for every existing cab, limo, nonemergency medical transport, and chauffer company out there. Probably would have had a steady gig being the dispatch-tech kings, but steady was never the goal...it was always about breaking labor's back
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Apr 26, 2023 13:46
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Zodium posted:while catabolic capitalism isn't going to usher in a new era of social relations, it is going to open up revolutionary avenues that have been sealed off for 70 years. it's one thing to maintain stability and control when the bullets and food come from somewhere the working class can't reach them, quite another to do it when the bullet factory and the farm is right there at home. 
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Apr 26, 2023 13:47
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https://twitter.com/BloombergAU/status/1651131650716098560?s=20
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Apr 26, 2023 13:50
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webcams for christ posted:I'm still having a hard time understanding why Citi et al observing that there's money to be made as the wealth gap widens to extremes is being treated as a very special observation deserving of its own unique historical category of "Plutonomy" that's somehow different from the run-up to other major global crashes As income/wealth inequality worsens, if corporations are increasingly targeting wealthier classes, then the standard of living of the lower classes will stagnate or fall. The poor of America have a lower standard of living than the poor of Slovenia, for example. The rich of America have rapidly increasing standards of living.  Housing is an obvious example, where the only new housing that gets developed is for upper classes. Cars too, where the bottom of the market is disappearing. Clothing brands moving towards luxury buyers means that poorer classes lose reasonably priced quality options. The replacement brands in fast-fashion (like H&M, Target and Walmart store brands, etc) offer low quality garments with high replacement rates. Americans buy 5x more garments per person today than they did in 1980, for example.
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Apr 26, 2023 13:51
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Grand Theft Autobot posted:As income/wealth inequality worsen, if corporations are increasingly targeting wealthier classes, then the standard of living of the lower classes will stagnate or fall. The poor of America have a lower standard of living than the poor of Slovenia, for example. The rich of America have rapidly increasing standards of living. lol it ends right at 2020 wouldnt mind 2023 numbers im guessing that neat little bar is going the opposite way
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Apr 26, 2023 13:52
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it's fucken dire here. national rental vacancies are at like 1%. perth and adelaide are 0.5%! what the gently caress! maybe build some dwellings!
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Apr 26, 2023 13:54
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HallelujahLee posted:lol it ends right at 2020 wouldnt mind 2023 numbers im guessing that neat little bar is going the opposite way The actual graphic in the articles goes to 2021
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Apr 26, 2023 14:01
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Grand Theft Autobot posted:The actual graphic in the articles goes to 2021 can you link it wouldnt mind getting a read
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Apr 26, 2023 14:03
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malls were better than online shopping and deserted understaffed strip mall warehouses
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Apr 26, 2023 14:03
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been saying this
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Apr 26, 2023 14:05
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Mola Yam posted:it's fucken dire here. national rental vacancies are at like 1%. perth and adelaide are 0.5%! what the gently caress! maybe build some dwellings! That would dilute the investment of current owners and can never be done again
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Apr 26, 2023 14:05
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https://www3.nhk.or.jp/nhkworld/en/news/20230426_23/ japan's population dropping up to 30% by 2070 in something that should shock no one as it's been alluded to like a hundred times already
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Apr 26, 2023 14:12
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I'm not even sure if building new housing has any effect on housing costs anywhere anymore, we've been building apartment / condo buildings like apeshit here for the past 15 years and the average 1br rent went from $750 to $1460 in that time period.
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Apr 26, 2023 14:15
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Mola Yam posted:it's fucken dire here. national rental vacancies are at like 1%. perth and adelaide are 0.5%! what the gently caress! maybe build some dwellings! 0.07% in Zurich lmao Grand Theft Autobot posted:As income/wealth inequality worsens, if corporations are increasingly targeting wealthier classes, then the standard of living of the lower classes will stagnate or fall. The poor of America have a lower standard of living than the poor of Slovenia, for example. The rich of America have rapidly increasing standards of living. these are good examples, but I don't think anything in your post is new information to readers of this thread? we've been watching it happen before our eyes for over 30 years. if you missed it on the last page, Zodium did a good job teasing out the distinction between Citi's advice to investors vs accurately describing whats going on: the West seems to be reaching the limits of growth on how much can be plundered plundering from outside the imperial core and so (possibly for the first time) capital, in order to keep growing, needs to plunder inside the core at a rate that threatens system stability, hence "Catabolic Capitalism"
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Apr 26, 2023 14:16
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Pittsburgh Fentanyl Cloud posted:I'm not even sure if building new housing has any effect on housing costs anywhere anymore, we've been building apartment / condo buildings like apeshit here for the past 15 years and the average 1br rent went from $750 to $1460 in that time period. You haven't been building enough. I'm not joking. Houston is the only city I've seen building enough to keep up and it's because they're adding about 50,000 homes a year.
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Apr 26, 2023 14:17
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Twerk from Home posted:You haven't been building enough. I'm not joking. Houston is the only city I've seen building enough to keep up and it's because they're adding about 50,000 homes a year. The county's population only went up by 11,000 2007-2022
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Apr 26, 2023 14:18
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Pittsburgh Fentanyl Cloud posted:I'm not even sure if building new housing has any effect on housing costs anywhere anymore, we've been building apartment / condo buildings like apeshit here for the past 15 years and the average 1br rent went from $750 to $1460 in that time period. Reminding you of the algorithm app landlords use to collude with each other and ensure no one rents at below market
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Apr 26, 2023 14:19
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Pittsburgh Fentanyl Cloud posted:The county's population only went up by 11,000 2007-2022 If you had built 500,000 new houses in that time I guarantee that rents would be lower.
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Apr 26, 2023 14:20
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The entire US only builds around 1.1m new housing units a year, not sure if it’s productive to say that building half a year’s housing output for the entire nation in a 740 square mile area would affect housing costs
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Apr 26, 2023 14:23
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https://twitter.com/DeItaone/status/1651215088106233860
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Apr 26, 2023 14:26
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Twerk from Home posted:If you had built 500,000 new houses in that time I guarantee that rents would be lower. Why? Landlords have no need to lower rents to get people in units. It's better to have empty units sitting and maintain the veneer of 'luxury' or whatever than it is to lower prices (because lowering rents means your underlying collateral is worth less, so you pay more for the financing). Building more homes would just end up with more ~'luxury'~ 5 over 1's until/unless you had political change in the way we structure cities and society.
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Apr 26, 2023 14:26
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didnt they basically say that they wouldnt do anything to save any bank besides the giant ones and that their simply allowing them all to continue doing whatever they want
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Apr 26, 2023 14:27
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Pittsburgh Fentanyl Cloud posted:I'm not even sure if building new housing has any effect on housing costs anywhere anymore, we've been building apartment / condo buildings like apeshit here for the past 15 years and the average 1br rent went from $750 to $1460 in that time period. Bloomberg was snarky about 'obtuse' people who believe that building housing increases the cost of housing. Some catty gently caress posted:Why then are so many people apparently so obtuse about the effects of housing construction? Probably because, in the personal experience of those who live in expensive cities and suburbs, new construction is so often accompanied by rising prices. Since 2015, for example, Los Angeles has built new housing at a pace not seen in decades, and purchase prices are up 68% and rents up 44% (both, again, according to Zillow).
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Apr 26, 2023 14:28
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The only thing they build anymore is luxury apartments and condos that sit empty. They aren't homes for people, they are homes for money.
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Apr 26, 2023 14:29
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The theory going around here on social media is "when they build those $800K condos it opens up $250K houses for normal people!" Except A> A $250K house is too expensive for the median household in this county according to HUD affordability rules B> investors just buy up all the $250K houses, "renovate" them, and turn them into more $800K units anyway
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Apr 26, 2023 14:30
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lol Twerk from Home posted:If you had built 500,000 new houses in that time I guarantee that rents would be lower. real estate is just another vehicle for investment in the US. building housing has to be done in a way that is profitable and protects asset values. the only way 500k new units in a city gets built would be if the State stepped in to suddenly churn out tons of public housing, which would be very cool an good. something worth arguing for but I don't think that option is on the table
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Apr 26, 2023 14:32
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The suburban boom of 1936-1977 or so was essentially government-subsidized public housing and nothing like that will ever be permitted again because it would affect the values of existing housing.
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Apr 26, 2023 14:33
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Oh word, Larry? Word? https://twitter.com/DeItaone/status/1651218749733720069
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Apr 26, 2023 14:37
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I for one welcome the return of the Bretenanwealda, where somebody who understands social relations will awake from under the mountain and call all men with pure hearts to the banners.
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Apr 26, 2023 14:39
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webcams for christ posted:the only way 500k new units in a city gets built would be if the State stepped in to suddenly churn out tons of public housing, which would be very cool an good. something worth arguing for but I don't think that option is on the table But Houston did build that much! Greater Houston went from a population of about 4.5 million in 2005 to 7.2 million now, and during that period of insane growth houses were and are cheap as hell. I bought a new construction 2400sqft house with a 2 car garage for $160k. A lot of acquaintances bought condos for less than $40k, one guy bought a 3 bedroom place for $60k. When I moved out around 2018, there were still builders finishing and listing new construction houses for $120k. These are all 100% car dependent, of course. But none of them were in far suburbs.
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Apr 26, 2023 14:43
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Twerk from Home posted:
Just mind blowing. Last year, I spent way more than this for a house with, uh, plenty of opportunities for me to learn how to do things. And even more mind blowing still is when I look at Zillow and see I could sell it for like 100k more than I bought lol.
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Apr 26, 2023 14:48
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lol
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Apr 26, 2023 14:53
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HallelujahLee posted:didnt they basically say that they wouldnt do anything to save any bank besides the giant ones and that their simply allowing them all to continue doing whatever they want Well with silicon valley bank they declared there was infinite money to backstop the banks so there would be no banking crisis, then after that didn't go over well Yellen declared that only big banks would be safe but this kind of hurt the smaller banks so they kind of walked that back just declaring banking itself was safe while pushing out hundreds of billions more in free money for banks that was gobbled up Its hard to keep track of so I'm probably wrong. I lost track 2 bank crises ago back in March. Seems like Silicon Valley was declared too big to fail and First Republic can just eat poo poo despite being similarly sized. I assume the massive piles of cash politicians stood to lose in SVB played no part.
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Apr 26, 2023 14:55
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Twerk from Home posted:But Houston did build that much! Greater Houston went from a population of about 4.5 million in 2005 to 7.2 million now, and during that period of insane growth houses were and are cheap as hell. Out of curiosity but were they built in flood plains and basins? Lmao
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Apr 26, 2023 14:56
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Twerk from Home posted:But Houston did build that much! Greater Houston went from a population of about 4.5 million in 2005 to 7.2 million now, and during that period of insane growth houses were and are cheap as hell. did the price of a house or apartment rent fall since 2005 when all that housing was build?
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Apr 26, 2023 14:56
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Lmao
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Apr 26, 2023 15:02
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First Republic shares are down another -25% today after plummeting 50% yesterday.
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Apr 26, 2023 15:04
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First Republic is failing!
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Apr 26, 2023 15:05
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