25
points
whall6
Joined 348 karma
:)
- There doesn’t need to be a connection between the purchase and sale events. Any marginal unit of inventory added to a market will place downward pressure on the price of that inventory (i.e., make it more affordable). The reverse is true for a marginal bid for inventory.
The effect is so minimal when you zoom into a single sale of one home and purchase of one condo, but in aggregate this causes real noticeable price movement.
- Curious for a source on the sq footage per capita if you wouldn’t mind sharing. That’s very interesting.
Could that also be explained perhaps by the fact that people are willing to live farther away from cities (where land / homes are cheaper and larger) because they only have to work 3 days a week from the office? Or because commuting is less painful with newer cars?
- That’s interesting because I feel the exact opposite. I know plenty of people that would say something like “smol pp” in real life, but then come to HN and comment like neutered 50 year old wannabe philosophers.
There is no humor allowed on this platform; real life is much more colorful and fun.
- 4 points
- The amount of battery capacity required to sustain power demand for this to be scaled to a meaningful population is high (PR average daily power demand is ~50 GWh per day). Most power outages in PR take 48 to 72 hours to fix. You would need batteries that can store 150 GWh of power. That’s a LOT of money to install.
Even this assumes that you wouldn’t want any breathing room on battery capacity (i.e., every power outage will be fixed in under 72 hours).
- This isn’t a false dichotomy because I’m not even representing two separate choices.
I get that you alone have probably an insignificant amount of control, but forming a coalition would allow you to make change.
I’m aware that there are asset managers. Whose assets do you think they’re managing? Yours!
Do you own VOO? Awesome, that’s why Vanguard owns 10% of almost every large cap company.
Take control of those shares and go make change.
Look up John Chevedden. He owns a minimal amount of shares in companies where he causes huge changes. They call him the “corporate gadfly” [1]
Don’t be lured into thinking that you have to invest your money into a predesigned portfolio because it maximizes returns. If you care about control then maximize control. You already have the power!
[1] https://www.sec.gov/comments/s7-23-19/s72319-6733874-207512....
- The owning class is different today than it was in Ned’s time.
Who owns MSFT? You, probably, through your 401k.
Nobody is stopping you from creating a coalition of similarly minded shareholders and effecting change.
Unless you stuff your cash under your mattress, you are the owning class.
https://www.oaktreecapital.com/insights/memo/the-calculus-of...