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(Thread IKs: skooma512)
 
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Pittsburgh Fentanyl Cloud
Apr 7, 2003


do no evil

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Morbus
May 18, 2004

dk2m posted:

This problem with China can't be solved by financializing further - it requires actual material investment into key sectors which neoliberalism is actively opposed to. If a new ideology or doctrine emerges from this, and it becomes politically viable for the opposition and leftists to openly advocate for it instead of being thought of as "fringe", then perhaps that's the best case scenario. But I'm also a bit of an optimist, maybe that doesn't fit the doomsday vibes.

Excellent post. But making the kinds of "material investments" needed to maintain some sort of competitive posture with China will invariably strengthen labor--especially if this kind of development has to be done in the context of weakened neoliberal institutions.

I don't think the ruling class can tolerate the labor dynamics that would exist if the US developed to keep up with China. It *can* probably tolerate the losses incurred by losing access to Chinese markets and supply chains (or, more realistically, having that access curtailed by tariffs etc.), as long as it can double down elsewhere. I don't think there will be any emergence of a new ideology until after the US has firmly squeezed every ounce of blood from its remaining vassals. If China has the ability or inclination to capitalize on this then a transition / collapse might occur much faster than otherwise. If not, I think some form of zombie US imperialism can shamble around for a long time.

Morbus
May 18, 2004

Azrial posted:



Just ask for a 303% raise.

It's funny how "why are people not having kids" is even a question.

post hole digger
Mar 21, 2011

why would 'how much money a family needs' be based on two parents working instead of two parents... just being in the household?

net work error
Feb 26, 2011

Just want to make enough to pay for a kirbeh slice...

loquacius
Oct 21, 2008

Azrial posted:



Just ask for a 303% raise.

tbf this seems to be average per state, so you don't need $300K to live comfortably literally anywhere in MA, but Chestnut Hill and Brookline and Newton are driving the number up

Same thing for NY, like, living comfortably right along the Canadian border probably doesn't take $279K but living comfortably in Manhattan probably takes quite a bit more

Real hurthling!
Sep 11, 2001




post hole digger posted:

why would 'how much money a family needs' be based on two parents working instead of two parents... just being in the household?

because making over 150k let alone 250k is not possible for 95% of people alone

loquacius
Oct 21, 2008

post hole digger posted:

why would 'how much money a family needs' be based on two parents working instead of two parents... just being in the household?

having two working parents drives the costs way up because you need childcare

Azrial
Apr 26, 2002

Coach, how did we beat Tennessee this year? The same way Vanderbilt did.

loquacius posted:

tbf this seems to be average per state, so you don't need $300K to live comfortably literally anywhere in MA, but Chestnut Hill and Brookline and Newton are driving the number up

Same thing for NY, like, living comfortably right along the Canadian border probably doesn't take $279K but living comfortably in Manhattan probably takes quite a bit more

Now do South Carolina but explain how the math works with all the poor areas.

Complications
Jun 19, 2014

post hole digger posted:

why would 'how much money a family needs' be based on two parents working instead of two parents... just being in the household?

The US needs to saturate the worker supply to depress labor power. One adult caring for one or two children is an extremely inefficient allocation of labor when one adult could look after ten to thirty or more instead. Thus, the push to raise cost of living so all households must have all their adults working.

post hole digger
Mar 21, 2011

Real hurthling! posted:

because making over 150k let alone 250k is not possible for 95% of people alone

but that doesnt change how much money you need

loquacius posted:

having two working parents drives the costs way up because you need childcare

this on the other hand does make sense though.

HashtagGirlboss
Jan 4, 2005

Azrial posted:

Now do South Carolina but explain how the math works with all the poor areas.

Hilton Head and parts of Charleston would be my guess? Maybe some of the suburbs around Greenville? Columbia and environs were pretty inexpensive back when I lived there but I’m assuming that’s probably changed a ton in the last 15 years

Same as anywhere really. Oregon/Washington are being driven up by Portland/Seattle, Louisiana would be a lot cheaper without New Orleans, etc…

Red Baron
Mar 9, 2007
no lube anal fan
wow still $22 a slice

loquacius
Oct 21, 2008

Azrial posted:

Now do South Carolina but explain how the math works with all the poor areas.

I don't know anything about South Carolina, you tell me

post hole digger posted:

but that doesnt change how much money you need

this on the other hand does make sense though.

yeah, my post explains why the number is different for two working parents vs one, but Real Hurthling's post explains why they used the two-working-adults figure instead of one

Raskolnikov38
Mar 3, 2007

We were somewhere around Manila when the drugs began to take hold

sonatinas posted:

looks like future in USA eventually if sports betting is a bellwether

thankfully casinos have too much power to ever let gambling machines exist outside of them

Pittsburgh Fentanyl Cloud
Apr 7, 2003


Raskolnikov38 posted:

thankfully casinos have too much power to ever let gambling machines exist outside of them

Here they have "skill games" that were recently permitted in regular businesses. The beer distributor closest to me has an entire back room full of zombies playing these things and the scratch off cards all day.

Pittsburgh Fentanyl Cloud
Apr 7, 2003


https://www.post-gazette.com/business/development/2024/05/17/pittsburgh-office-market-trepp-cmbs-loans-downtown/stories/202405170059

quote:

In April, the delinquency rate in the Pittsburgh region for a popular type of commercial office loan stood at its highest level since the start of the COVID-19 pandemic, another sign of the distress facing the market.

The delinquency rate for commercial mortgage-backed securities loans was at 7.8% last month, according to Trepp, a data modeling and analytics firm that tracks CMBS loans.

“We’re actually at the high point,” said Tom Taylor, a senior CMBS and commercial real estate researcher for Trepp.

Before the pandemic, the delinquency rate for CMBS office loans was below 1% in the region. But by July 2023, it had climbed to 3.41% before jumping to 7.27% in August of that year.
For some, proposed loan program seen as a key in Downtown Pittsburgh's revitalization

‘It has definitely trended upward over time,” Mr. Taylor said.

At 7.8%, the delinquency rate for CMBS loans in the local market last month was higher than the 7.38% nationally, according to Trepp.

The office market in Pittsburgh and throughout the country has been battered by high vacancies driven in large part by the pandemic and hybrid work policies that have prompted many companies to shed space they no longer need.

A year after the pandemic officially ended, the office market nationally is still plagued by “troubling signs,” Mr. Taylor said.

“I don’t think it’s a very surprising result,” he said of the numbers. “We’ve seen very large, very institutional asset managers have to hand back the keys on some properties.”

He added that delinquencies on just a couple of loans can affect the overall rate. He pointed out that in April, six CMBS office loans accounted for 80% of the $1.77-billion increase in delinquencies nationally.

Of that amount, 46% were in New York City alone, Trepp found.

Get ready for the usual business news outlets to start pushing public subsidies for struggling CRE landlords

Delta-Wye
Sep 29, 2005

net work error posted:

Just want to make enough to pay for a kirbeh slice...

everytime i come through here, feels like the kribeh slice is even more expensive than last time

*grumbles*

thats ok, i'll still keep eating that garbage

Scarabrae
Oct 7, 2002

you wouldn’t download a house would you?!

post hole digger
Mar 21, 2011

Raskolnikov38 posted:

thankfully casinos have too much power to ever let gambling machines exist outside of them

they got gambling machines all over places like grocery stores and restaurants and bars in nevada.

RealityWarCriminal
Aug 10, 2016

:o:
the us will never compete with china. we lost. simple as

Pepe Silvia Browne
Jan 1, 2007

post hole digger posted:

they got gambling machines all over places like grocery stores and restaurants and bars in nevada.

that's because the casinos own the government there lol

Raskolnikov38
Mar 3, 2007

We were somewhere around Manila when the drugs began to take hold
nevada is essentially a giant casino, subdivided into smaller casinos

HashtagGirlboss
Jan 4, 2005

Scarabrae posted:

you wouldn’t download a house would you?!

HaaS is the hot new product that will disrupt the entire rental market

HashtagGirlboss
Jan 4, 2005

post hole digger posted:

they got gambling machines all over places like grocery stores and restaurants and bars in nevada.

I connected at the airport in Las Vegas I want to say five or six years ago and was amused to find the terminal full of slot machines and people smoking because (at least at the time, maybe it’s changed) state law said you had to let people smoke on casino floors

Paradoxish
Dec 19, 2003

Will you stop going crazy in there?

loquacius posted:

tbf this seems to be average per state, so you don't need $300K to live comfortably literally anywhere in MA, but Chestnut Hill and Brookline and Newton are driving the number up

I'd guess it's their definition that's driving the cost higher more than anything else. They're defining living comfortably to mean that you can cover 100% of your family's expenses with half of your income. I would agree that that's a pretty good definition of "comfortable," but it's not at all in line with how most Americans are living and it's going to drive the required income through the roof.

The median US family is probably spending close to half their net income on housing and related costs alone.

no lube so what
Apr 11, 2021

Pittsburgh Fentanyl Cloud posted:

Here they have "skill games" that were recently permitted in regular businesses. The beer distributor closest to me has an entire back room full of zombies playing these things and the scratch off cards all day.

looked this up,

https://missouriindependent.com/2023/10/02/gaming-parlors-are-popping-up-across-missouri-a-judge-will-determine-if-they-are-illegal/

seems bad

Salt Fish
Sep 11, 2003

Cybernetic Crumb

Pepe Silvia Browne
Jan 1, 2007
if casinos weren't rigged they'd let me bet on my own matches of video games

Pittsburgh Fentanyl Cloud
Apr 7, 2003



Just sucking what little copper is left out of the walls before abandoning the house to collapse, no big deal

loquacius
Oct 21, 2008

"Skill game" sounds like a pretty obvious euphemism for "rigged carnival game"

Pepe Silvia Browne
Jan 1, 2007
that would be a good job, you could have a guy at the Casino who is like the House Halo player, and if you can beat him you win $20. those are the kinds of bets that should be legal.

loquacius
Oct 21, 2008

complained to the judge that the machines they put in at my local gas station literally never pay out and he just said "skill issue" and banged his gavel

loquacius
Oct 21, 2008

the gavel bang seemed unnecessary, we were just in his office

Animal-Mother
Feb 14, 2012

RABBIT RABBIT
RABBIT RABBIT

"Do? No! Evil!"

no lube so what
Apr 11, 2021

Pepe Silvia Browne posted:

that would be a good job, you could have a guy at the Casino who is like the House Halo player, and if you can beat him you win $20. those are the kinds of bets that should be legal.

not sure why some gamer team hasn't set this up in Vegas with a partnership at a casino.

put the team up in the suites, they gotta practice anyway. seems like a match. you should put together a slide deck for Steven wynn, and deliver with a bunch of coke. you might have a chance

net work error
Feb 26, 2011

lmao $GME

Pepe Silvia Browne
Jan 1, 2007

no lube so what posted:

not sure why some gamer team hasn't set this up in Vegas with a partnership at a casino.

put the team up in the suites, they gotta practice anyway. seems like a match. you should put together a slide deck for Steven wynn, and deliver with a bunch of coke. you might have a chance

i'm gonna do this

Pepe Silvia Browne
Jan 1, 2007
Professional Gamer Residency in Vegas lmfao

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post hole digger
Mar 21, 2011

Pepe Silvia Browne posted:

Professional Gamer Residency in Vegas lmfao

the dream

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