|
wasnt that an emoji at some point? idk, whatever, I'm glad you're gettin outta there jonny
|
#
?
Nov 17, 2023 08:17
|
|
|
|
| # ? May 10, 2024 13:48 |
|
|
holding assets on the books at face value is a fundamental prop of the whole property lending market; as soon as people start actually marking to market it all falls down because the asset can end up worth less than the debt it's securing, just like 2007 commercial real estate is a bit different though because it's not like a bank loaning you money to buy and flip a crack den, they'll have issued a bond that got bought by your pension fund as part of a REIT and now everyone is nervously pretending that the repayments will continue and that eventually the asset will appreciate back to the loan value iirc this is why it is actually more desirable to keep a commercial property empty than accept a lower rent
|
|
#
?
Nov 17, 2023 10:13
|
|
|
gently caress .. has some one told the banks??
|
|
#
?
Nov 17, 2023 10:14
|
|
|
Jonny 290 posted:anyways fr, i'm gonna move next year, i've spent six happy hobbit years in this cozy little prison cottage, but it's time to move. My cars need some hail protection and also there are drivebys every month here and it's just becoming a really, really unsafe place to live. you gonna throw us your new assassination coordinates when you move?
|
|
#
?
Nov 17, 2023 10:28
|
|
|
echinopsis posted:gently caress .. has some one told the banks?? that's the great thing, it's not their problem anymore because it all goes into pension funds! I'm not full on "it's gonna be economic Armageddon" like Bob Dobbs, but I reckon a bunch of pension funds are gonna get hosed over at some point. basically it's what's happening in China right now but on a less concentrated scale because it's not just those two companies that built literally everything
|
|
#
?
Nov 17, 2023 10:30
|
|
|
im pretty sure china is handling it better than a lot of other places would in a similar situation
|
|
#
?
Nov 17, 2023 10:31
|
|
|
fart simpson posted:im pretty sure china is handling it better than a lot of other places would in a similar situation they have put a lot of executives in jail so yes
|
|
#
?
Nov 17, 2023 10:38
|
|
|
but I mean it's also in the governments interest to make 100% sure that country farm (or whoever it is I can't be bothered to Google it) does not implode because they sold so much of it to the population that if it does it will turbo gently caress the party
|
|
#
?
Nov 17, 2023 10:40
|
|
|
echinopsis posted:absolutely. I was quite young when I clicked onto the fact that’s there’s gently caress all to do in cities that doesn’t involve spending money. which is quite rude considering I don’t have enough of it I was super duper poor on a PhD stipend when I moved to NYC. there are heinous amounts of free and cheap things to do and see in cities and NYC has the bonus of being able to get anywhere without a car.
|
|
#
?
Nov 17, 2023 10:41
|
|
|
infernal machines posted:that is generally not possible for plumbing and hvac reasons. they're not designed for residential habitation. i've been making GBS threads at work daily for a year and there's a nap room and a shower. i could easily residentially inhabit the office.
|
|
#
?
Nov 17, 2023 10:43
|
|
|
actually good things are not possible because uuhhh uhh there's too much AC
|
|
#
?
Nov 17, 2023 10:44
|
|
|
Jonny 290 posted:that house next door was sooo cute and clean five years ago and now it's literally falling down lol this place looks like it comes with its own Chooper 
|
|
#
?
Nov 17, 2023 10:47
|
|
|
theflyingexecutive posted:I was super duper poor on a PhD stipend when I moved to NYC. there are heinous amounts of free and cheap things to do and see in cities and NYC has the bonus of being able to get anywhere without a car. uh yeah I suspect nyc is different from my experience lol
|
|
#
?
Nov 17, 2023 11:42
|
|
|
I would love to skate NYC because there's a completely insane guy that posts videos on YouTube (The Stuttering Skater) and it looks so incredibly smooth and flat but I know in my heart I would get run over maybe central park though
|
|
#
?
Nov 17, 2023 11:51
|
|
|
the streets and sidewalks are pretty hosed but it's also hard for a lot of cars to get up to speed to hit you. NY drivers get a bad rap but have to be keyed up at all times to deal with the chaos and also you can't turn right on reds
|
|
#
?
Nov 17, 2023 12:00
|
|
|
theflyingexecutive posted:you can't turn right on reds this alone would improve so many places for non-drivers
|
|
#
?
Nov 17, 2023 12:59
|
|
|
I don’t think i need anything to “do” in a city. i just want to people watch near some good food and maybe luck into some pleasant conversation
|
|
#
?
Nov 17, 2023 15:24
|
|
|
echinopsis posted:don’t they lose significant money by not renting it at all? There are probably other reasons but right off the top of my head: Taking what you can get puts downward pressure on market prices.
|
|
#
?
Nov 17, 2023 15:30
|
|
|
Jonny 290 posted:SOMEBODY BUY THIS MAN A FUNCTIONING MONITOR FOR GOD'S SAKE 
|
|
#
?
Nov 17, 2023 15:40
|
|
|
Jonny 290 posted:there are three red bricks in my back yard half buried in the dirt I too had Umbrella do my home security. As soon as people break in they go straight for the broken shotgun hanging over my fireplace. Big mistake buddy. Jonny 290 posted:you're all assuming the cops will respond to a call here That whole semi-rural neighborhood is a gang infested no-go zone. Last time we sent a unit there it was caught up in a roadside trap set up by islamist illegal immigrants. The officer was trapped in his luxury SUV for hours until a AAA extraction team could rescue him. His sense of masculinity was so damaged by the incident we had to give him an early retirement.
|
|
#
?
Nov 17, 2023 15:46
|
|
|
rotor posted:I'm glad you're gettin outta there jonny
|
|
#
?
Nov 17, 2023 15:56
|
|
|
rotor posted:I'm glad you're gettin outta there jonny
|
|
#
?
Nov 17, 2023 16:04
|
|
|
goblin week posted:i've been making GBS threads at work daily for a year and there's a nap room and a shower. i could easily residentially inhabit the office. why would you want to though
|
|
#
?
Nov 17, 2023 16:14
|
|
|
Jabor posted:perhaps if a property is declared blighted, it shouldn't result in a big payday to the slumlord who let it degenerate that far yeah i definitely get this but it also sounds like an excellent engine for gentrification. like i'm sure there are tons of houses owned and inhabited by poor people who can't maintain them well enough due to no fault of their own. imo paying for upkeep/renovation/rebuilding and letting them be the inhabitants would be good. what you really need is some way to not gently caress over the renters. like just turn the apartments into condos or something where the current residents are now magically the owners. something like that.
|
|
#
?
Nov 17, 2023 16:24
|
|
|
maybe if we write more rules on pieces of paper and more compilcated rules on pieces of paper then that will change power relationships somehow
|
|
#
?
Nov 17, 2023 16:29
|
|
|
Eeyo posted:yeah i definitely get this but it also sounds like an excellent engine for gentrification. like i'm sure there are tons of houses owned and inhabited by poor people who can't maintain them well enough due to no fault of their own. imo paying for upkeep/renovation/rebuilding and letting them be the inhabitants would be good. if a property becomes blighted it automatically changes ownership to the people renting it and also the original owner has to pay them to fix it up
|
|
#
?
Nov 17, 2023 16:51
|
|
|
Sapozhnik posted:maybe if we write more rules on pieces of paper and more compilcated rules on pieces of paper then that will change power relationships somehow hell yeah now we're talking. just run sed on all the property deeds and replace any llc with a random citizen
|
|
#
?
Nov 17, 2023 17:59
|
|
|
echinopsis posted:gently caress .. has some one told the banks?? the banks know. it’s basically a mexican standoff https://www.youtube.com/watch?v=2f2kGHcdJYU
|
|
#
?
Nov 17, 2023 19:37
|
|
|
Eeyo posted:yeah i definitely get this but it also sounds like an excellent engine for gentrification. like i'm sure there are tons of houses owned and inhabited by poor people who can't maintain them well enough due to no fault of their own. imo paying for upkeep/renovation/rebuilding and letting them be the inhabitants would be good. yeah but what if we just did that anyway? GET EMINENT DOMAINED ON
|
|
#
?
Nov 17, 2023 20:04
|
|
|
sam altman just got fired from openai lol
|
|
#
?
Nov 17, 2023 21:38
|
|
|
Beeftweeter posted:sam altman just got fired from openai lol i assume he did something lovely (metoo?) seeing as they have been on a tear commercially?
|
|
#
?
Nov 17, 2023 21:44
|
|
|
ai market collapse 
|
|
#
?
Nov 17, 2023 21:44
|
|
|
nah he absolutely did something insane to get kicked to the kerb like this in a friday news dump
|
|
#
?
Nov 17, 2023 21:58
|
|
|
im just gonna come out and say what we're all thinking: he was loving the AI
|
|
#
?
Nov 17, 2023 22:03
|
|
|
from vicequote:the board discovered that he “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” As a result, the board “no longer” had confidence in its CEO.
|
|
#
?
Nov 17, 2023 22:05
|
|
|
refleks posted:im just gonna come out and say what we're all thinking: he was loving the AI "We were making love!! I love the AI and it loves me and we're going to run away to europe and get married and you cant stop me!!" [slams door, crying noises]
|
|
#
?
Nov 17, 2023 22:05
|
|
|
rotor posted:"We were making love!! I love the AI and it loves me and we're going to run away to europe and get married and you cant stop me!!" [slams door, crying noises] neighbors like "ugh the altmans are at it again"
|
|
#
?
Nov 17, 2023 22:06
|
|
|
he's been accused of some pretty heinous stuff by his sister (tw tw tw), unfortunately lovely people still tend to get away with things, so i don't know what it took for the super rich and super connected ceo of one of the fastest growing companies in the world to get kicked out like this
|
|
#
?
Nov 17, 2023 22:09
|
|
|
is this the board thinking they don't want openAI to be one of those companies completely defined by and inseparable from their CEO's batshit public persona
|
|
#
?
Nov 17, 2023 22:09
|
|
|
|
| # ? May 10, 2024 13:48 |
|
|
infernal machines posted:from vice alright i’m thinking 80% odds he couldn’t keep it in his pants kliras posted:he's been accused of some pretty heinous stuff by his sister (tw tw tw), unfortunately 95%
|
|
#
?
Nov 17, 2023 22:18
|
|