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Cake day: July 6th, 2023

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  • I can’t speak to other markets but in California, the housing bubble is in part supported by investment from around the world. Chinese and Russian nouveau rich are buying homes in CA because it’s a safe place to keep their money relative to their other options. They might even just leave them empty and watch them appreciate. It’s disgusting, when people are struggling like hell just to live.

    Perhaps the state could regulate this and ban international purchases or empty homes but I highly doubt it since the horse has left the barn decades ago and this would deeply impact many rich people, and those people have influence. It would also tank the home values of many average Americans, which would be deeply unpopular as many of those folks are banking on taking that value with them to Mexico or Ecuador to retire on. So this regulation would be bad for the rich and unpopular at large. It would help the young and the poor, the two chronically underrepresented groups.

    So unless we can change the entire world order, I don’t see this wholly going away. Can we make it better? I think so. We need more supply, and it needs to be high density and low cost. Those are not insurmountable. But right now, private developers and the government don’t have what it takes to do anything.

    I know someone who works for a low income housing non profit and they manage 8 big apartment buildings that their non profit built or bought and they operate them as homes for low income people. They are funded by philanthropists large and small as well as some public money.

    If we could find a way to direct more money to such things, we could make a real impact. Perhaps a wealth tax that goes directly to such housing.

    But even then, it’s like MediCal - it will only help those in abject poverty. It wont help my cousin who is making $125k and still can’t afford to buy a home. Middle class will never get help, basically, and this is why you see them moving elsewhere.


  • Bendavisunlv6@lemmynsfw.comtoFuck Cars@lemmy.worldCompact car
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    1 year ago

    One time I got into a who-gets-the-parking-spot competition with another vehicle. I was faster and I got it. The other vehicle was a monster truck bigger than this one. As I got out and walked away I heard it’s h loud horn blare and a voice shouted “hey!” It was the guy in the monster truck. I walked over to him. He remained inside, rolled down the window. He was smallll. Like probably not quite 5 feet tall small. And in a little squeaky voice he said “aw man! I was gonna get that parking space, bro!” I just said “you mean that one where my car is?” and walked away.


  • I’ve seen this both ways in the past but something cool is happening right now.

    First I saw white and gold when this scrolled up into my feed.

    Now that I’m in the thread (in a client that has Dark Mode), if I spend a few seconds reading comments and then scroll UP to the picture, it looks blue & black for a second and then that FADES into white and gold.

    How blue and black can fade into white and gold I can’t explain but it’s happening right in front of my eyes.