[Doomsday Economics] Home of Kirbeh's $18 half-slice (now with 50% fewer calories!)

The Something Awful Forums > Discussion > C-SPAM > [Doomsday Economics] Home of Kirbeh's $18 half-slice (now with 50% fewer calories!)

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(Thread IKs: skooma512)

Justin Tyme: Feb 22, 2011

Azrial posted:

Just charge capital gains on unrealized gains on non primary residences and reassess and do the same thing every year until they sell the loving things. Bonus points if you do it at the short term rate.

Just so I can watch landlords commit suicide and rich people explain to me why they need lake houses and four residences.

Yup. Wouldn't take much to get the gears turning. Vacancy tax on commercial real estate too

# ? Apr 18, 2024 17:08

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# ? May 23, 2024 11:01

Benagain: Oct 10, 2007; Can you see that I am serious?; Fun Shoe

Pepe Silvia Browne posted:

imagine having to fake work on this many monitors

are you kidding that'd be easy as hell

'holy crap, lookit that number! It's bad! I'm gonna put the good numbers on!"

# ? Apr 18, 2024 17:09

Acelerion: May 3, 2005

House and 401k cannot go down. Doubly so in an election year. Best we can do is hold it sideways so wages catch up in 18 years

# ? Apr 18, 2024 17:13

Thoguh: Nov 8, 2002; College Slice

shrike82 posted:

https://twitter.com/andruyeung/status/1780661212063142127

The gently caress is a social club that costs $300/month?

I'm asking for real I don't know what that is, when somebody says social club I think like a VA Lodge or the Rotary or poo poo like that.

# ? Apr 18, 2024 17:14

Pittsburgh Fentanyl Cloud: Apr 7, 2003

These idiots could have just spent $10 and had a social club for life

# ? Apr 18, 2024 17:16

biceps crimes: Apr 12, 2008

Thoguh posted:

The gently caress is a social club that costs $300/month?

I'm asking for real I don't know what that is, when somebody says social club I think like a VA Lodge or the Rotary or poo poo like that.

maybe something like this

https://www.sohohouse.com/

I find this very baffling. yes, let me to pay to be in spaces with exclusively douche bags

# ? Apr 18, 2024 17:19

err: Apr 11, 2005; I carry my own weight no matter how heavy this shit gets...

https://twitter.com/DeItaone/status/1780991263598117225

# ? Apr 18, 2024 17:20

euphronius: Feb 18, 2009

maybe they will increase rates ?

# ? Apr 18, 2024 17:21

Nocturtle: Mar 17, 2007

mawarannahr posted:

lol
Employers feel the side effects of drugmaker control over Wegovy, Ozempic costs

Let them fight.

However this will likely be a thread-relevant topic going forward as there's some preliminary evidence that using GLP-1 agonists to "cure" obesity might require long-term if not lifelong prescriptions. From a recent Nature news article:

quote:

NEWS FEATURE
16 April 2024
Obesity drugs aren�t always forever. What happens when you quit?
Many researchers think that Wegovy and Ozempic should be taken for life, but myriad factors can force people off them.

...
What happens to weight and health when people quit?
Ozempic and Wegovy are both brand names for the drug semaglutide, which has been prescribed for several years to treat type 2 diabetes (Ozempic) and, since 2021, to those who are overweight or have obesity (Wegovy). The treatment�s aim is to reduce the risk of health complications posed by a large amount of excess body fat, such as heart and liver disease and certain cancers. The drug curbs hunger and food intake by mimicking a hormone, released by the gut after eating, that affects brain regions involved in appetite and reward.

Research has shown what happens when people stop taking GLP-1 agonists. Many regain a substantial amount of what they lost with the help of the medications. The body naturally tries to stay around its own weight point, a pull that obesity specialist Arya Sharma likens to a taut rubber band.

If you take a medication to alter your biology, �the tension of the rubber band is a lot less�, he explains. �But when I take away the medication, that tension is going to come back,� says Sharma, who is based in Berlin and consults part-time for several companies that have an interest in obesity.

For instance, in a trial that studied the effects of withdrawing from the drug, about 800 participants were given weekly injections of semaglutide � as well as making dietary changes, doing exercise and receiving counselling � and lost, on average, 10.6% of their body weight in about 4 months1. Then, one-third of the participants were switched to placebo injections for nearly a year. Eleven months after the switch, those on the placebo had regained almost 7% of their body weight, whereas participants who kept taking semaglutide continued to lose weight. Similarly, participants in an extended semaglutide trial, who lost an average of 17.3% of their body weight after more than one year of receiving the drug and making lifestyle changes, regained about two-thirds of that lost weight after one year without any clinical-trial interventions2.
...

These companies are going to make so much money it's obscene.

Also someone posted the rising obesity rates earlier itt and the GLP-1 agonist revolution is a great example that public health problems tend only to be addressed via technical solutions vs addressing the underlying social factors driving and exacerbating the problems in the first place. People talk about how we finally have a miracle cure for obesity and we've always had a cure for obesity (for most people), it's eating healthy food and getting enough exercise. For some reason it seems like a large and rising proportion of the public can't do those things, must be due to individual moral failings but fortunately there's a pill they can (maybe) buy now.

edit

Acelerion posted:

House ~~and 401k~~ cannot go down. Doubly so in an election year. Best we can do is hold it sideways so wages catch up in 18 years

My totally uninformed opinion is that houses cannot and will not ever be allowed to lose significant value for a variety of reasons. However 401ks are similarly inflated and not nearly as secure. The people that manage rich people's money seem to be increasingly moving it to private equity funds. If the wealthy can successfully insulate themselves from a major stock correction there doesn't seem to be any reason why it can't happen, esp as they can buy the dip after. The (relatively small) subset of workers with 401k retirement savings will be the ones left holding the bag.

Nocturtle has issued a correction as of 17:29 on Apr 18, 2024

# ? Apr 18, 2024 17:21

Pittsburgh Fentanyl Cloud: Apr 7, 2003

Shrinkflation update: We won't need that Wegovy anymore because the Little Debbie Fudge Round is half the size it used to be

# ? Apr 18, 2024 17:24

SKULL.GIF: Jan 20, 2017

Someone recently itt was talking about the Southeast getting tons of people moving there:

# ? Apr 18, 2024 17:25

BornAPoorBlkChild: Sep 24, 2012

19 o'clock posted:

the best economies have an ever increasing number of landlords and homeless people simultaneously. it�s an equilibrium and perfect and how the world is meant to function.

# ? Apr 18, 2024 17:25

Acelerion: May 3, 2005

creating a problem and selling the solution is a time honored tradition

# ? Apr 18, 2024 17:26

Justin Tyme: Feb 22, 2011

Sometimes I wonder if this were the past and they invented an oral version if they wouldn't add it to the drinking water ala fluoridation in light of obesity trending so high

# ? Apr 18, 2024 17:27

Father Wendigo: Sep 28, 2005; This is, sadly, more important to me than bettering myself.

Maybe they're just allowed to do that after the settlement :shobon:

https://twitter.com/MorePerfectUS/status/1780991931000008831?t=BlflBOs4ezDWpIdCZHUWsQ&s=19

# ? Apr 18, 2024 17:28

Nothus: Feb 22, 2001; Buglord

Pittsburgh Fentanyl Cloud posted:

Good news from the American healthcare sector: The average healthcare provider is 54 years old and the average wait for an appointment is 26 days. Seems normal

It took me over a year to get a colonoscopy and i have to schedule my yearly physicals nine months in advance.

# ? Apr 18, 2024 17:29

Pepe Silvia Browne: Jan 1, 2007

Father Wendigo posted:

Maybe they're just allowed to do that after the settlement

https://twitter.com/MorePerfectUS/status/1780991931000008831?t=BlflBOs4ezDWpIdCZHUWsQ&s=19

it means they definitely made more than $45 million off this poo poo lol

# ? Apr 18, 2024 17:29

AARD VARKMAN: May 17, 1993

isn't that showing it underestimating the weight ???

AARD VARKMAN has issued a correction as of 17:37 on Apr 18, 2024

# ? Apr 18, 2024 17:32

Scarabrae: Oct 7, 2002

taking away the medicine will not alter the laws of physics, the patients would obviously be going back to their same eating habits without the crutch of hunger being taken away

# ? Apr 18, 2024 17:33

Pepe Silvia Browne: Jan 1, 2007

AARD VARKMAN posted:

isn't that showing it underestimating the weight ???

no, it means that the weight on the price tag is 2 lbs over what the weight is when you weigh it on a scale. you don't weigh chicken at self-checkout, that scale is for like produce and bulk candy, all meat is pre-tagged before you get to the counter

# ? Apr 18, 2024 17:33

Pittsburgh Fentanyl Cloud: Apr 7, 2003

AARD VARKMAN posted:

isn't that showing it underestimating the weight ???

They don't weigh them at the register, they just charge the weight on the label. So they're labeling them fraudulently.

# ? Apr 18, 2024 17:34

Rectal Death Alert: Apr 2, 2021

BornAPoorBlkChild posted:

if somebody thinks this isn't 100% the case

Progress Residential was literally started by one of the holdovers from the 08 Crash

Yeah, "there is no housing supply so rents are rising" is the same thing as companies claiming supply chain disruptions 3 years ago caused 50%+ price increases that will never stop or the actually, literally mentally retarded politicians and federal reserve people that claim the stimulus check 4 years ago caused all of the inflation we are seeing in houses and goods for years afterwards.

We have plenty of houses they are just being squatted on by various sizes of parasites. Rents are theft and the government is made up of landlords.

# ? Apr 18, 2024 17:34

Willa Rogers: Mar 11, 2005

Mustached Demon posted:

yeah all the stuff a country club has minus the golf course

I'm so old I remember when "social club" meant the KKK.

# ? Apr 18, 2024 17:34

Pittsburgh Fentanyl Cloud: Apr 7, 2003

Now let's have three weeks of panicked media coverage about gang shoplifting

# ? Apr 18, 2024 17:34

no lube so what: Apr 11, 2021

shits stupid

# ? Apr 18, 2024 17:35

KirbyKhan: Mar 20, 2009; Soiled Meat

Thoguh posted:

The gently caress is a social club that costs $300/month?

I'm asking for real I don't know what that is, when somebody says social club I think like a VA Lodge or the Rotary or poo poo like that.

It's like a YMCA membership, but like shittier and more expensive.

# ? Apr 18, 2024 17:35

captainbananas: Sep 11, 2002; Ahoy, Captain!

Willa Rogers posted:

I'm so old I remember when "social club" meant the KKK.

still does

# ? Apr 18, 2024 17:35

KirbyKhan: Mar 20, 2009; Soiled Meat

Pittsburgh Fentanyl Cloud posted:

These idiots could have just spent $10 and had a social club for life

# ? Apr 18, 2024 17:36

BornAPoorBlkChild: Sep 24, 2012

Pittsburgh Fentanyl Cloud posted:

These idiots could have just spent $10 and had a social club for life

i unironically think we need a GoonMeets subforum. The LAN isn't exactly cutting it and I need to get out more/socialize anyway :unsmith:

# ? Apr 18, 2024 17:41

Ardennes: May 12, 2002

Azrial posted:

2007: Bubble, prices sky high, demand outstrips supply
2010s: Glut of inventory (ignore why)
2019: Prices are high but not insane yet
2024: Builders didn't build enough houses, demand outstrips supply, prices adjusted for inflation far exceed 2007 housing bubble. No bubble.

Total housing units 146M, total households 128M. Wait its because of regional demand and supply issues that are causing price increases. Ignores 40% increase in rent and single family homes nationwide.

Those increases aren't uniform, and as far as people owning multiple houses and not renting them out, it happens all the time but there isn't a way to access that stock and it isn't just large companies. The glut of inventory was because of the 2008 crash which was brought by derivatives on adjustable rate mortgages.

quote:

People spin the data however the gently caress they want. I am the 12.47 trillion dollars in unrealized gains in the housing market since 2019 or 37.5k per human in the united states. Converted to the very real value of tulips from the 1600s, that's 30 tulips per person.

Prices go up when rates increase, prices go up when rates decrease? The economic theory of prices always go up.

Who are the people willing to absorb prices and where are they getting the money? Which bank is going to lend me 5x leverage on a house? Doesn't Dave Ramsey come and burn your house down personally if you leverage up past 1.2x with a loan in excess of 15 years?

I don't have an invested interest in any of this to be honest, but at the same time there has been 22-24% inflation from 2019. That is part of the issue, in real terms, prices really haven't rose that much and in honest most mortgages aren't nearly as unstable as the 2000s.

Prices are going to go up obviously more with lower rates, then have been relatively bouncing back and worth for the last year.

They are people usually with cash, they can just purchase the property on spec. They are people who just take the hit as well, it is just very painful.

Azrial posted:

It's just the data. Whose data? John Burns? Zelman & Associates? The NAR? The NAHB? FRED? I have a feeling every place to get just the data has a vested interest in convincing you pricing make sense.

For private equity divesting? It is going to pain me to say this, they aren't all morons? Prices don't go up forever, they buy to hold for generally 7 years and sell the homes to take the appreciation. Why would they do that? They sell the homes right as they are going to start incurring all of their significant maintenance costs to bagholders who think divesting during a hot market is dumb. Why would they sell high, if they just hold on they can sell higher because again prices don't go down. A lot of the idiot friends and family funds are probably not disciplined and going to hold too long but Blackrock is going to get rid of their poo poo before it crashes and then buy them all back when it crashes and play the game again.

Apartment vacancies are anything but low. This goes back to your statement it's just data (dig into how that data is derived). Vacancy rates are horrifically higher than are being reported, and rents are being artificially inflated.

From what I have seen in local areas, it doesn't really seem far off.

If supply is tight, and they are betting on lower rates thus higher demand, they will just sit on them. As long as the US has positive population growth, it is producing more humans in a tighter market. It is true, there are people who own more than 1 house, and they don't rent them out but it isn't going to change the situation.

At a certain point, companies don't want a massive amount of vacancies as they are going to lose money on them, in some once hot markets, rent has either declined or stabilized. Portland use to be red hot in terms of rent, and then slowed or reversed course in some places. Are these companies being strategic, yes, but they also need some people to pay them rent.

Also, where are the people who aren't buying houses living? They can't all live with their parents.

Ardennes has issued a correction as of 17:50 on Apr 18, 2024

# ? Apr 18, 2024 17:41

post hole digger: Mar 21, 2011

gradenko_2000 posted:

i need this setup more than ive ever needed anything.

# ? Apr 18, 2024 17:41

DJJIB-DJDCT: Feb 1, 2024

Willa Rogers posted:

what's a "social club"; a country club for urbanites?

Like the Rideau Club, York Club, National Club.l

e: Millennials get discounted memberships and legacy admission and rates if they�re from a good family, but $300/mo is par the course for the base rate I think.

# ? Apr 18, 2024 17:41

AARD VARKMAN: May 17, 1993

Pepe Silvia Browne posted:

no, it means that the weight on the price tag is 2 lbs over what the weight is when you weigh it on a scale. you don't weigh chicken at self-checkout, that scale is for like produce and bulk candy, all meat is pre-tagged before you get to the counter

I guess my assumption going in was "wal mart's checkout scales are hosed" because the lawsuit was about the checkout scales being hosed, not about already packed weighted stuff being fraudulently weighted by over double

# ? Apr 18, 2024 17:42

Willa Rogers: Mar 11, 2005

biceps crimes posted:

maybe something like this

https://www.sohohouse.com/

I find this very baffling. yes, let me to pay to be in spaces with exclusively douche bags

lmao

# ? Apr 18, 2024 17:42

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

SKULL.GIF posted:

Someone recently itt was talking about the Southeast getting tons of people moving there:

lol fresno

# ? Apr 18, 2024 17:43

Pepe Silvia Browne: Jan 1, 2007

AARD VARKMAN posted:

I guess my assumption going in was "wal mart's checkout scales are hosed" because the lawsuit was about the checkout scales being hosed, not about already packed weighted stuff being fraudulently weighted by over double

quote:

One of the biggest retailers in the world is giving its customers money back for allegedly overcharging them. Anyone who bought "weighted goods" or "bagged citrus" from Walmart between Oct. 19, 2018, and Jan. 19, 2024 is eligible to file a claim to receive share of Walmart's proposed $45 million settlement.

"Weighted goods" refers to any items that wouldn't usually have a consistent weight and are usually priced based on said weight. Examples of weighted goods include packaged meat, poultry, pork and seafood. "Bagged citrus" refers to bags of citrus fruits, such as oranges, lemons, limes and grapefruit.

you are incorrect, it is specifically for already packed weighted stuff

# ? Apr 18, 2024 17:44