Man, just thinking back to the height of Covid when blue state scoldy people were like, The kids don’t need school or education! They can work in the fields and the mines like the olden days. They love it!
What the ever-livin’ hell was that about? Did they really believe it? Some appeared to. No one is going to be able to write a history of the Covid era that makes any sense. No one would buy a recounting of what actually occurred.
I do not give a single crap about Covid or anything to do with it. It’s now irrelevant to anything.
It’s strange is that there are maybe only a few hundred people in the entire country who understand how the housing market actually works and what drives prices. Tanta (Doris Dungey) was one of them before she died. I’m one. There were/are a few others, like Karl Case and Robert Shiller but the list is very fucking short for something so important.
Though one of the reasons the list is short is that the market is of supreme importance — thus, the better you can conceal what is occurring the more money you and your thievin’ friends and associates can make.
The societal-level misunderstanding is also because the housing market does not work like other, more-liquid markets where mobility is a given. People analogize selling a fuckin’ bagel or a TV to peddling a house when those things are as different as a jellyfish and a neutron star.
In another life, I’d write a book about how the housing market actually works, but ain’t nobody got time for that. I’ve got interesting people to hang out with and a trillion more books to read. Y’all do y’all’s own stupid without me.
I didn’t realize (parts of?) New Jersey had a culture similar to where I grew up in rural North Florida:
Sucks to be born into such a thing, trust me.
The first ten on today’s playlist:
Inflation comes in hotter than expected in March.
Hotter than expected if you’re a damn idiot. Funny that the “transitory” clowns — who were wrong and lying liars all along — are still throwing a victory party while inflation is already, predictably, ticking back up again.
No one cares about evidence. Or even being correct. Just sending the right signals.
About 300-500 Russians die in Ukraine daily, and 50-100 Ukrainians. Just talking war-caused KIA here. That is insane.
That goofy-ass economists like Noah Smith deny what is clearly obvious is really odd. I know that the entire economics profession is invested in defending the status quo at all costs — but come on, just look at a damn graph. It’s so easy.
The first ten on today’s playlist:
It’s great to see that the degrowth “we must take away anything good from everyone” philosophy seems to be thoroughly failing. Good damn riddance, too.
Boomers, especially if they were white, got to buy houses, and then they zoned everyone else out.
Yep. 90% of the homelessness crisis results from NIMBYism. It’s a lot easier to not be homeless when rent is $400 a month rather than $2,000 a month. I also blame economists who consistently lie about the cost of housing and the drivers behind the inflation there. The truth, though, is this.
In 1981, at 24, I bought my first house. At a price of $70,000, it cost less than three times my annual salary of $25,000, which was roughly the median income in Sacramento County. If adjusted for inflation alone, the home’s value would be $218,000 four decades later, and my salary $78,000.
The median household income in the county today is about $84,000, not far from what inflation would predict. But Zillow estimates that my former home is now worth $578,000, more than double what can be attributed to inflation. My annual wages would need to be more than $190,000 to afford the house as easily as I did then. This is what the children and grandchildren of boomers face.
Notice that this is the same house. So the economists’ usual excuse of “houses just got bigger, the cost per square foot is the same!” cannot be used here. Also, the Case-Shiller method uses the same houses (which economists don’t like you to know) for its calculations. Our so-called experts are just about worthless for anything that matters.
A lot of women are convinced only women have double binds such as the Madonna vs. slut one that women commonly experience.
However, a very common one that men run into is that we are assumed to be constantly ready to have sex with any woman at any instant, always aroused and ready for action. But then are criticized extremely vociferously both when that is true — and when it’s not the case. For instance, woe betide you if some woman is attracted to you and you don’t immediately drop everything to get down with her, or are just not in the mood. Then you are “gay” or “not a real man” and such. All her friends will hear about it too.
Most people are solipsistic, so cannot see beyond their own noses. Men, though, experience very many double standards as to their expected behaviors. Perhaps not as many as women, but pretty damn close.
I think some of that Annie Jacobsen Nuclear War book was written by ChatGPT. It just has that feel to it.
The book Nuclear War: A Scenario by Annie Jacobsen is good in parts, but be wary of it. There are many facts that are wrong or dubious. For instance, this.
Three of the six nuclear reactors at Fukushima Daiichi sustained severe core damage and released radioactive materials, but they did not melt down.
That is completely incorrect. In fact, all three experienced partial meltdown. It just was not a completely catastrophic meltdown, à la Chernobyl in 1986.
In the Fukushima incident, however, this design failed. Despite the efforts of the operators at the Fukushima Daiichi nuclear power plant to maintain control, the reactor cores in units 1–3 overheated, the nuclear fuel melted and the three containment vessels were breached.
That above is the definition of a meltdown.
I’d recommend this book to anyone who already knows more than is in the book. Which, then, maybe you don’t need to read it. I still enjoyed it because it was such an easy read and refreshed my memory on a few things (at least partially by being woefully incorrect).
