[Doomsday Economics] Home of Kirbeh's $0.04 millislice (minimum order 1000)

The Something Awful Forums > Discussion > C-SPAM > [Doomsday Economics] Home of Kirbeh's $0.04 millislice (minimum order 1000)

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(Thread IKs: skooma512)

net work error: Feb 26, 2011

BTC over 70k lol

# ? Mar 12, 2024 16:44

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# ? May 24, 2024 04:07

Rexicon1: Oct 9, 2007; A Shameful Path Led You Here

net work error posted:

BTC over 70k lol

lol why

# ? Mar 12, 2024 16:46

Pepe Silvia Browne: Jan 1, 2007

Rexicon1 posted:

lol why

https://www.youtube.com/watch?v=1acWg-c5Buo

Somebody has issued a correction as of 18:12 on Mar 12, 2024

# ? Mar 12, 2024 16:47

HallelujahLee: May 3, 2009

mayo fartplug finally found solutions to issues disappearing whistleblowers

# ? Mar 12, 2024 16:55

i vomit kittens: Apr 25, 2019

https://www.sciencedirect.com/science/article/pii/S0749379724000813

Economic cost of US suicide and nonfatal self-harm

quote:

The economic cost of suicide and nonfatal self-harm averaged $510 billion (2020 USD) annually, the majority from life years lost to suicide.

# ? Mar 12, 2024 16:58

Pepe Silvia Browne: Jan 1, 2007

i vomit kittens posted:

https://www.sciencedirect.com/science/article/pii/S0749379724000813

Economic cost of US suicide and nonfatal self-harm

finally, now i understand why people killing themselves is sad

# ? Mar 12, 2024 16:59

SKULL.GIF: Jan 20, 2017

Rexicon1 posted:

lol why

Stupidity is a communicable virus.

# ? Mar 12, 2024 16:59

Not So Fast: Dec 27, 2007

Rexicon1 posted:

lol why

somebody finally had the bright idea to make a Bitcoin ETF so it skyrocketed

# ? Mar 12, 2024 17:01

Precambrian Video Games: Aug 19, 2002

Cup Runneth Over posted:

has anyone in modern history ever had a rent decrease

Yeah, I moved in after the peak of a mining boom where purpose-built rental apartments had 50+ people show up to visit and would start impromptu auctions for the right to rent the unit. I didn't have much trouble finding a place and negotiated my rent down every year. I think the owner sold not long after I left (having paid off around 1/5-1/4 of their mortgage I'd guess).

in Australia

# ? Mar 12, 2024 17:01

SKULL.GIF: Jan 20, 2017

https://twitter.com/CNBCi/status/1767052871487410346

# ? Mar 12, 2024 17:06

Engorged Pedipalps: Apr 21, 2023

Cup Runneth Over posted:

has anyone in modern history ever had a rent decrease

I had this happen once at an apartment because the manager used the wrong template and already put the signature on it, rent went down to the single bedroom unit. I made them hold to the rate when they caught the mistake

They forgot the next year so I kept that rate for three years until I moved out

# ? Mar 12, 2024 17:29

Mustached Demon: Nov 12, 2016

SKULL.GIF posted:

https://twitter.com/CNBCi/status/1767052871487410346

can we do this

# ? Mar 12, 2024 17:36

HallelujahLee: May 3, 2009

SKULL.GIF posted:

https://twitter.com/CNBCi/status/1767052871487410346

china wins again

# ? Mar 12, 2024 17:37

anonumos: Jul 14, 2005; Fuck it.

Rexicon1 posted:

lol why

Capital has too much liquid wealth, not enough investments.

Only registered members can see post attachments!

# ? Mar 12, 2024 17:43

Justin Tyme: Feb 22, 2011

i know its ultimately greed and price fixing between property management companies, but what hte gently caress is the actual mechanism behind rent increases, like what is the bullshit facade they use? do they not have fixed rate mortgages on the properties so when rates go up so does their payments?

you look at these properties and multiply the number of units and the asking rate and it just doesnt add up, how are they running thin margins making hundreds of thousands of dollars per month on a complex built in the 70's?

# ? Mar 12, 2024 17:44

rex rabidorum vires: Mar 26, 2007; KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN

They all use the same 3rd party consultant 'algorithm' who launders all the price fixing through a facade of not collision because the consultant recommended it.

# ? Mar 12, 2024 17:48

Mustached Demon: Nov 12, 2016

Justin Tyme posted:

i know its ultimately greed and price fixing between property management companies, but what hte gently caress is the actual mechanism behind rent increases, like what is the bullshit facade they use? do they not have fixed rate mortgages on the properties so when rates go up so does their payments?

you look at these properties and multiply the number of units and the asking rate and it just doesnt add up, how are they running thin margins making hundreds of thousands of dollars per month on a complex built in the 70's?

"It costs more to fix stuff"

it was never going to be fixed

# ? Mar 12, 2024 17:52

fits my needs: Jan 1, 2011; Grimey Drawer

https://x.com/YahooNews/status/1767593569391460364?s=20

# ? Mar 12, 2024 17:57

no lube so what: Apr 11, 2021

Cup Runneth Over posted:

has anyone in modern history ever had a rent decrease

way back in college, we hosed our landlord out of the last 3 months of rent because we didn't have a lease signed, he was going through a divorce and apartment complex was being sold off/under contract and he left town for a few months. so we just didn't pay, moved out after the year and told him to go gently caress himself when he wanted those months. somehow it all worked out lol

does the count?

# ? Mar 12, 2024 17:57

F_Shit_Fitzgerald: Feb 2, 2017

fits my needs posted:

https://x.com/YahooNews/status/1767593569391460364?s=20

Shocking. Almost like congress doesn't give a gently caress what peasants think.

# ? Mar 12, 2024 17:58

Pittsburgh Fentanyl Cloud: Apr 7, 2003

Justin Tyme posted:

i know its ultimately greed and price fixing between property management companies, but what hte gently caress is the actual mechanism behind rent increases, like what is the bullshit facade they use? do they not have fixed rate mortgages on the properties so when rates go up so does their payments?

you look at these properties and multiply the number of units and the asking rate and it just doesnt add up, how are they running thin margins making hundreds of thousands of dollars per month on a complex built in the 70's?

https://www.landlordstudio.com/blog/best-rental-property-management-software

# ? Mar 12, 2024 18:00

Shear Modulus: Jun 9, 2010

One time my rent went down because my roommate's boyfriend moved in without them asking me but they at least agreed to pay a bigger share of the rent

then they stole some tools of mine when they moved out later

# ? Mar 12, 2024 18:00

Pittsburgh Fentanyl Cloud: Apr 7, 2003

YieldStar is another "software platform" for enabling large scale pricing collusion

https://www.realpage.com/asset-optimization/investment-analytics/

# ? Mar 12, 2024 18:02

Orvin: Sep 9, 2006

Justin Tyme posted:

i know its ultimately greed and price fixing between property management companies, but what hte gently caress is the actual mechanism behind rent increases, like what is the bullshit facade they use? do they not have fixed rate mortgages on the properties so when rates go up so does their payments?

you look at these properties and multiply the number of units and the asking rate and it just doesnt add up, how are they running thin margins making hundreds of thousands of dollars per month on a complex built in the 70's?

If it is a commercial property, like an apartment complex, then the mortgage is probably not actually fixed. Those are short term (like 5 years) with a balloon payment at the end that has to be refinanced. It also may have been sold a bunch of times between when it was built and now.

The above is why rents can never go down, as the rents factor into the loan process. Lower the rent, and the bank wants more. More principle, more interest, more something. It�s why you always see free months rent, rather than a reduction in actual rent. It�s all a game.

Add on top of all that basic collusion in some form or another, and the owners can basically increase rent forever. Because where else are people going to live?

# ? Mar 12, 2024 18:06

Cold on a Cob: Feb 6, 2006; i've seen so much, i'm going blind
and i'm brain dead virtually; College Slice

Justin Tyme posted:

i know its ultimately greed and price fixing between property management companies, but what hte gently caress is the actual mechanism behind rent increases, like what is the bullshit facade they use? do they not have fixed rate mortgages on the properties so when rates go up so does their payments?

you look at these properties and multiply the number of units and the asking rate and it just doesnt add up, how are they running thin margins making hundreds of thousands of dollars per month on a complex built in the 70's?

"the market made us raise your rent"

fwiw in canada we have five year fixed terms on 25-30 year amortizations so a lot of landlords here are signing new 5 year terms at +5% interest lol

lots of :qq:

posts in /r/ontariolandlords/ and similar places where landlords are crying they're even more negative cash flow per month than usual, can't carry the mortgage anymore, etc and are asking for illegal rent increases

# ? Mar 12, 2024 18:07

skooma512: Feb 8, 2012; You couldn't grok my race car, but you dug the roadside blur.

Pepe Silvia Browne posted:

https://www.youtube.com/watch?v=1acWg-c5Buo

been saying this

(also meant to quote and not edit the post, I reverted the change immediately)

# ? Mar 12, 2024 18:13

Hubbert: Mar 25, 2007; At a time of universal deceit, telling the truth is a revolutionary act.

gradenko_2000 posted:

https://twitter.com/TheInsiderPaper/status/1767565536185995762

Please stop sending me this plane.

# ? Mar 12, 2024 18:14

Pepe Silvia Browne: Jan 1, 2007

skooma512 posted:

been saying this

(also meant to quote and not edit the post, I reverted the change immediately)

Forums fuckery!!!

# ? Mar 12, 2024 18:15

sleep with the vicious: Apr 2, 2010

Ignore Planes falling out of the sky, but we are grateful that the government is taking care of the real big business public threat - tiktok. Next on MSNBC tonight, Im Jen Psaki

# ? Mar 12, 2024 18:21

TeenageArchipelago: Jul 23, 2013

Justin Tyme posted:

i know its ultimately greed and price fixing between property management companies, but what hte gently caress is the actual mechanism behind rent increases, like what is the bullshit facade they use? do they not have fixed rate mortgages on the properties so when rates go up so does their payments?

you look at these properties and multiply the number of units and the asking rate and it just doesnt add up, how are they running thin margins making hundreds of thousands of dollars per month on a complex built in the 70's?

the argument that landlords use is based more on a nebulous "this is what the market rate currently is," rather than any cost based rational or anything like that.

Interestingly Blackrock has charts on their expected returns on their various investments

and they seem to think that their returns on all of the property that they have bought will be fairly low compared to 2% inflation/their other returns, so I'm not sure what to make of that

# ? Mar 12, 2024 18:23

Rexicon1: Oct 9, 2007; A Shameful Path Led You Here

Not So Fast posted:

somebody finally had the bright idea to make a Bitcoin ETF so it skyrocketed

wait let me get this straight. an ETF is an entity that buys, sells and holds securities, right? So a Bitcoin ETF buys sells and holds� bitcoin. isn�t this just what these exchanges are. So you buy a dollar of Bitcoin ETF and then you own.. a dollar of Bitcoin? why not just buy a Bitcoin. what What. what the gently caress does anything mean.

# ? Mar 12, 2024 18:24

loquacius: Oct 21, 2008

not thinking big enough obviously, here's the headline we should have seen

# ? Mar 12, 2024 18:25

Cup Runneth Over: Aug 8, 2009; She said life's
Too short to worry
Life's too long to wait
It's too short
Not to love everybody
Life's too long to hate

Justin Tyme posted:

i know its ultimately greed and price fixing between property management companies, but what hte gently caress is the actual mechanism behind rent increases, like what is the bullshit facade they use? do they not have fixed rate mortgages on the properties so when rates go up so does their payments?

you look at these properties and multiply the number of units and the asking rate and it just doesnt add up, how are they running thin margins making hundreds of thousands of dollars per month on a complex built in the 70's?

first you let the building fall into disrepair. then because there's so much you need to fix you can justify jacking up rents to pay for it. then you just don't fix it, and make excuses about how hard it is to get done and keep putting it off. then you pocket the money

# ? Mar 12, 2024 18:33

Shear Modulus: Jun 9, 2010

bizarrely sensible new york times opinion column

https://www.nytimes.com/2024/03/12/opinion/covid-economy-safety-net.html

quote:

Is This What Happens When You Build a Real Social Safety Net, Then Take It Away?

By Bryce Covert

Ms. Covert is a journalist who focuses on the economy, with an emphasis on policies that affect workers and families.

It�s a riddle that economists have struggled to decipher. The U.S. economy seems robust on paper, yet Americans are dissatisfied with it. But hardly anyone seems to have paid much attention to the whirlwind experience we just lived through: We built a real social safety net in the United States and then abruptly ripped it apart.

Take unemployment insurance. The CARES Act, passed in March 2020, included the largest increase in benefits and eligibility in American history. It offered people �a sense of relief,� said Francisco D�ez, senior policy strategist for economic justice with the Center for Popular Democracy, which organized unemployed people in the pandemic. �A feeling like they could breathe and figure out what they could do.�

LaShondra White was one of them. When she was furloughed from her job at a Kohl�s department store in Detroit in March 2020, she started receiving more than $600 a week. It was �my chance to get out of this situation,� she told me last year, a situation in which her pay was �horrible.� She had always wanted to own her own business, so with the extra money she fixed her credit score, rented out a commercial space and opened an eyelash studio. Her studio is still open and largely booked.

In 2019, unemployment insurance kept 500,000 people out of poverty; in 2020, that figure was 5.5 million. Yes, the program was riddled with problems, particularly technological ones, that made it difficult for many people to get enrolled quickly. But once they were covered, �They saw something close to the actual level of benefits that they deserve,� Mr. D�ez said.

It was short-lived. By July 2020, the extra $600 in benefits had lapsed, and it wasn�t until December 2020 that Congress approved $300 payments with new restrictions. By May, some states started opting out, leaving their residents with the paltry benefits they would have gotten prepandemic.

In those states, �There was a real sense of terror and concern and fear and abandonment from the politicians who chose to cut the benefits off early,� Mr. D�ez said. �It really harms whatever faith they had in the nature of government as an institution that can actually see their struggle.�

Unemployment has been below 4 percent for more than two years, wage growth is outpacing inflation (which has fallen considerably), and economic output is booming. And yet consumer sentiment has been depressed, and even though it rose recently, it�s still about 20 percent lower than before the pandemic began. It�s at levels typically seen at the end of a recession.

Why are the economic vibes off? There are most likely many answers. Obtaining the basics, like housing or child care, has become more difficult. Falling inflation is great, but prices have remained uncomfortably high. Republican voters may just not like an economy run by a Democratic president. Americans may feel OK about today�s economy but wary of the future.

All of this can be true simultaneously, but let me add another reason Americans may be doing well but feeling financially insecure: In the pandemic, the country created the most robust safety net we had seen in decades, buffering people against eviction, poverty, hunger and other suffering. Americans� lives were materially and appreciably improved. Then we took it all away.
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The message received is that the government could have done these things all along but had chosen not to � and has chosen once again to withdraw that kind of security. Before March 2020, Americans were used to piecing a living together without much government help, but now they�ve seen that it doesn�t have to be that way. They�ve tried to create their own individual safety nets, but they�ve spent down the savings they were able to squirrel away when pandemic-era public programs were in place.

So even if people are more likely to have a job and even have gotten a raise that outpaces increased costs, they can still look down and see that there�s nothing to catch them if they fall. That puts us in a perpetual state of exhausting hustle. One wrong step, one misfortune, one layoff can mean catastrophe without supports to get you back on your feet. No wonder so many Americans don�t feel very confident.

Here�s an incomplete accounting of the safety net that was built nearly overnight to combat the aftershocks the pandemic sent through the economy. During the public health emergency, the federal government required states to keep anyone already on Medicaid or who signed up for it enrolled. That meant people were spared the difficulty of regularly recertifying that they were eligible, and it also meant their life circumstances could shift � they could earn slightly more or marry, for example � and they wouldn�t lose health insurance. More than 21 million people were added to Medicaid and the Children�s Health Insurance Program between February 2020 and December 2022.

Congress increased food stamps by raising benefits by 15 percent and bringing every household up to the maximum benefit for its size. It also allowed all students to get free school meals. Despite millions of people losing their jobs, hunger actually held steady in 2020 and 2021.

Congress approved $46.5 billion in rental assistance to prevent people from being evicted. For the first time in history, the federal government offered people who fell behind on rent help to get caught up. The money not only kept people more current on their rent but it also made it less likely they would experience �frequent debilitating anxiety,� according to a 2023 study of renters in Philadelphia.

In 2021 Congress expanded child tax credit payments, which were in place from July 2021 through the end of that year, by increasing the benefit to up to $300 a month for children under age 6 and $250 for older ones and expanding eligibility. These payments became an important part of households� income and reduced hardships and hunger. They were responsible for nearly the entire halving of the child poverty rate in 2021.

Last year, Jamila Michener, a political scientist at Cornell, and Margaret Brower, a political scientist at the University of Washington, began a study asking people about the benefits they received during the pandemic.

�People can talk us through every benefit they got, what it meant to them, what they did with it,� Dr. Michener told me about the unpublished research. People became emotional as they described being able to feed their families. One woman told Dr. Michener how hard it was to have to constantly tell her children no, even to small snacks or healthy foods like fruit. But in the early part of the pandemic, she could buy them what they needed.

Crucially, Americans received multiple benefits at once � they were able to stay on Medicaid while also getting monthly child tax credit payments and making use of rental assistance. Most Americans aren�t usually tuned into various policy changes, but the magnitude and scope was different this time. They noticed and they were deeply grateful.

�People are able to breathe without as much pressure or stress,� Dr. Michener said.

After these overlapping supports were taken away, child poverty more than doubled, and family hunger spiked. So did evictions. Now that states are allowed to force people to complete paperwork to stay on Medicaid and kick them off if they fail, 17.8 million people have lost coverage.

It�s hit individuals and families hard. In Kentucky, a state that opted out of extra food stamp benefits in 2021, the damage started early. Residents told Dr. Michener they had to frequent food pantries to eat. One woman told her that when she wasn�t able to make it to pantries � because of a broken-down car, for instance � she would eat noodles even though she can�t eat gluten.

Many told Dr. Michener about having to hustle harder for work, and she told me that the word �struggle� comes up over and over again in the researchers� interviews. Americans have less sense of security, she said, �that you�re going to be OK and you�re going to be taken care of should the worst-case scenario befall you.�

The disillusionment this creates is incredibly harmful. Yes, if people feel pessimistic about the economy, it may very well swing the election away from President Biden. But it�s bigger than just this election. Even if somehow the experience of losing benefits doesn�t diminish political participation, it�s a lost opportunity for the government to continue demonstrating to Americans that it can make their lives better. That draws people into democracy and strengthens it. The worst � and more likely � case is that it turns them off.

�There were a lot of things across many programs that changed and made people�s lives better, and so many of those things have been pulled back,� Dr. Michener said. �We�d have to think people are idiots not to notice that.�

# ? Mar 12, 2024 18:34

Cup Runneth Over: Aug 8, 2009; She said life's
Too short to worry
Life's too long to wait
It's too short
Not to love everybody
Life's too long to hate

no lube so what posted:

way back in college, we hosed our landlord out of the last 3 months of rent because we didn't have a lease signed, he was going through a divorce and apartment complex was being sold off/under contract and he left town for a few months. so we just didn't pay, moved out after the year and told him to go gently caress himself when he wanted those months. somehow it all worked out lol

does the count?

no I was talking about your landlord deliberately decreasing your rent e.g. how prices might go down at the gas pump or supermarket

# ? Mar 12, 2024 18:34

Shear Modulus: Jun 9, 2010

Rexicon1 posted:

wait let me get this straight. an ETF is an entity that buys, sells and holds securities, right? So a Bitcoin ETF buys sells and holds� bitcoin. isn�t this just what these exchanges are. So you buy a dollar of Bitcoin ETF and then you own.. a dollar of Bitcoin? why not just buy a Bitcoin. what What. what the gently caress does anything mean.

because buying an ETF in your existing brokerage account is a million times easier than signing up for coinbase or figuring out how in the hell to buy a bitcoin on the actual ledger

# ? Mar 12, 2024 18:35

no lube so what: Apr 11, 2021

Cup Runneth Over posted:

no I was talking about your landlord deliberately decreasing your rent e.g. how prices might go down at the gas pump or supermarket

lol, lmbo

# ? Mar 12, 2024 18:36

anime was right: Jun 27, 2008; death is certain
keep yr cool

he's boeing the distance
he's boeing for speed
she's listening (listening)
to the black box feed

# ? Mar 12, 2024 18:36

FirstnameLastname: Jul 10, 2022

Mr Hootington posted:

Way back when the 737 Max poo poo first started happening I posted a news investigation that had internal Boeing engineering documents that showed the 737 Max is a God damned death trap built to fail.

Plane frames are only rated for handling a certain amount of force, torque, pressure, etc. The Max is a very powerful engine that runs at the top limits of a 737 frame the entire flight. It was found by Boeing engineers that this causes structural cracks in the frame specifically where the Wings meet the fuselage and reduces the lifespan of the aircraft by decades.

lol thats already the most stressed area of the fuselage
they're gonna have a loving wing snap off mid flight

# ? Mar 12, 2024 18:37

Adbot: ADBOT LOVES YOU

# ? May 24, 2024 04:07

In Training: Jun 28, 2008

Boeing should assassinate the United Airlines CEO for their audacity next.

# ? Mar 12, 2024 18:39

The Something Awful Forums > Discussion > C-SPAM > [Doomsday Economics] Home of Kirbeh's $0.04 millislice (minimum order 1000)

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