skysight-inc/HackerNews huggingface dataset:
Except housing prices aren't what matter, monthly payments are. If interest rates are lower but payments are the same, the only people that benefit are existing homeowners, but new home buyers aren't harmed since monthly payments stay the same. The banks and MBS investors are the ones who get screwed since they make super low rates.

In some ways lower interest rates is actually better since higher home values mean you can spend more on amenities like high end kitchen and bathroom as a builder.

The issue comes when you start looking at sub-prime debtors like students. If you have a 300 bps risk premium for being an unreliable borrower but the interest rate for reliable creditors is only 2%, your risk premium is 150%, but if the reliable borrower rate was 6% then your risk premium is only 50%. Add to this the fact that refinancing student loans (issued by the government) causes them to lose benefits like the 0% interest pause we have right now. That means the government intervention has caused a market distortion: you can't fungibly exchange your loan for a refinanced one at the market rate but instead are stuck with the 5-8% rates from 5 years ago.

Government intervention also has other impacts: since you can't discharge student loans in bankruptcy, there's no incentive for universities to make students succeed or to discriminate admittance/cost by major (proxy for future earning power). That means we have a huge number of people stuck with high interest loans they can't discharge or refinance and useless degrees in majors that have 0 value to society. If you changed this to allow students to discharge student debt in bankruptcy and forced universities to assume the risk instead of the government, university incentives would be aligned with student incentives.
Well no, people with capital would be able to buy the houses and then rent it out, extracting the maximum amount they can.

As wages go up, the money available for people to pay for housing goes up.

If a given city employs people and pays enough that 1 person earning an typical wage can afford $1k a month rent, then that's what rent will be. It won't be lower (because landlords will charge the most they can), but it won't be higher (people will move to another city - perhaps one with lower wages, but lower rent).

When we switched to a society where it was normal to have 2 incomes in a given house, the money available to pay for housing increased dramatically (towards $2k, but for families you'd have to remove things like childcare costs which would normally have been done by 1 person), and thus rents increase to the point where supply/demand returns to an equilibrium.

Now aside from rent, you could also buy. A house costs whatever the maintenence is, plus the interest cost of the mortgage (there's also the capital repayment part and the likelihood of the house increasing in value in the future)

Rents are also capped by this - if the cost of buying (including the maintenence) goes below renting, then people will buy. That means house prices are constrained by rental - if the cost of buying/owning house is too much, people will rent. Ultimately they to can always move out of the city and leave their job.

When interest rates went down, people could spent more on buying a house, which meant prices went up.

Imagine a couple that have a budget for $2k a month for housing. If interest rates were to double, mortgage costs would increase. That wouldn't change rents (which would still be $2k), but instead of a house costing say $800k (2k/month allowing 800k loan at 3% interest), instead people could only borrow say 400k. That means that houses go down to 400k, but still cost the same per month.

This is great for people with spare cash, as they can buy up those cheaper properties without having to pay the interest, and still get their $2k/month rent coming in.

It's no change for people who want to buy for $2k/month, that's what they can afford, and it's going to be roughly the same as what it would cost to rent.

It's terrible for people who want to sell and repay their equity, as the house price has suddenly halved. They bought it with an 800k loan, have repaid 10% of that, and owe 720k, now they can only sell for 400k. So they rent it out instead and rent somewhere else.
I know this was a joke, but... Heck, no. Shipping is expensive.
How can I self host this for an arbitrary game TCP port? I'd be happy to pay for a "limited feature" edition (don't need source either) that will:

- let me self host with binaries, public IP server on Linux, private IP server on Windows

- map IPs so that the gameserver running on Windows can issue IP bans

- I don't need hostname-picking or unique ports
I think it's a bit much to characterize this as appeasing the CCP. The article is clear about using evidence for curtailing national security risks instead of blanket bans.

Recently he has extended bans on investing in Chinese surveillance companies: https://www.theverge.com/2021/6/3/22516719/

Policies on selling to Huawei have also been maintained: https://www.reuters.com/article/us-usa-huawei-tech-idUSKBN2B...

What actions by this admin lead you to think appeasement is the goal?
Pretty offensive to me.
My point is, everyone else does support older hardware, usually by disabling newest nicest effects (like ray tracing stuff) or switching to fallback version of said affects.

Not caring to do such thing is, probably, intentional push for customers to update their hardware
We can do this soon in El Salvador (and some pockets in the US too).

The thing is, this is a strange argument, you want a sudden world wide adoption, like, tomorrow every biz owner wakes up and decides to accept bitcoin, so that you can buy your coffee at your local starbucks, have you thought through this? how does the total adoption happen what steps should happen before.
I totally agree that Bitcoin should not be primarily identified with criminal activity.

However, I think it's very easy to understand where it started and why it generally isn't in bad faith. Digital currencies (of which Bitcoin is the largest and most well known) make certain types of crimes easier (drugs by mail, ransomware). Those crimes (as they are understood) always involve a digital currency so they feel new (even if they aren't in many ways). Most people don't pay attention to digital currencies so it's not surprising that they associate them with new behavior that doesn't seem possible without them.

I also suspect that, if you were to break down digital currency activity, that most exchanges of goods and services (as opposed to investments) do choose to use a digital currency because it evades some regulatory processes or laws. With the transaction cost of Bitcoin at over $4[1] (down from over $50 recently), I really doubt that people are using it for many exchanges of goods or services where its digital qualities don't enable the transaction in some way.

[1] https://ycharts.com/indicators/bitcoin_average_transaction_f...

Edit: added a clarification about ransomware and drugs-by-mail. Ransomware and "darkweb markets" are based on older practices that, to an extent, are distinct because of digital currency. Corporate espionage and ransom demands are quite old, but we call generally call it "ransomware" when the extortion is based on holding digital assets and paying digitally as well.
To be honest, I don't have an answer for you. If scrum doesn't help you with a skunkworks project, then choose a different methodology.
> Most people pay for housing by monthly payments, making the nominal value of the house irrelevant if the monthly payment stays the same.

Except homeowners get price exposure to the value of their home on the market. If you purchase and then go through a downturn which devalues your house, now you’re in the hole: you can’t use the sale price of the home to pay off the loan, so you’re stuck in that home until its value climbs again or you earn enough to pay off the loss.

Higher values means it takes longer for you to cover any % decline with wages, so you lose mobility for longer in a downturn. Irrelevant if you truly want to live in that place for 30 years, but not many people can actually make that commitment.
Where's Y Cabalnator when you need it?
Is it done with the "loading" attribute[1] for the img tag? (i.e. lazy loading)

(in which case I assume it's only useful in some instances, since viewports might be of various sizes and there aren't that many emails that are long enough[2] to involve much scrolling for example.

[1] https://developer.mozilla.org/en-US/docs/Web/Performance/Laz...

[2] https://sleeknote.com/blog/ideal-email-length
More and more gestures you don't know about as a normal user.

Where is the "all the gestures" instruction manual from Apple?
It’s important to learn the difference between getting a job done and writing perfect code.

Engineering is largely about creating solutions that satisfy the requirements. Perfectly crafted code isn’t a requirement. As long as the code works, is maintainable, and is commented appropriately then you’re done.
I've never seen a site that didn't have at least this.

Usually you get a UI where you can add new ones and remove old ones, and when you add a new one you name it in their UI so that you can tell it apart from any others.
It's not actually a decision yet, is it? It's just something the French want to do. Presumably everyone else will oppose it, for the reasons you gave.
This refers, I think, to a drone being refueled by a manned aircraft. The roles have now reversed.
There is another angle.

https://awealthofcommonsense.com/2021/05/did-hgtv-ruin-the-h...

What if young people burry themselves in debt because they want the instagram life now? What if they refuse to live according to their means?
Rough Diamond Prices Surging
> What is happening to this paradise state?

In a word, history. If you just look at the last few decades you're seeing only a snapshot of an explosion.

California (the USA state) is young, ~150 years old.

For thousands of years only ~100k-300k people lived here.

> Settled by successive waves of arrivals during at least the last 13,000 years,[40] California was one of the most culturally and linguistically diverse areas in pre-Columbian North America. Various estimates of the native population range from 100,000 to 300,000.

The Spanish only got started in a big way in 1769 or so, then...

> In 1821, the Mexican War of Independence gave Mexico (including California) independence from Spain. For the next 25 years, Alta California remained as a remote, sparsely populated, northwestern administrative district of the newly independent country of Mexico.

Then we Americans got in on the act.

> When Commodore John D. Sloat of the United States Navy sailed into Monterey Bay and began the military occupation of California by the United States, Northern California capitulated in less than a month to the United States forces.[67] After a series of defensive battles in Southern California, the Treaty of Cahuenga was signed by the Californios on January 13, 1847, securing American control in California.

But before anything could really happen gold was discovered.

> In 1848, only one week before the official American annexation of the area, gold was discovered in California, this being an event which was to forever alter both the state's demographics and its finances. Soon afterward, a massive influx of immigration into the area resulted, as prospectors and miners arrived by the thousands. The population burgeoned with United States citizens, Europeans, Chinese and other immigrants during the great California Gold Rush. By the time of California's application for statehood in 1850, the settler population of California had multiplied to 100,000. By 1854, more than 300,000 settlers had come.[70] Between 1847 and 1870, the population of San Francisco increased from 500 to 150,000.[71] California was suddenly no longer a sparsely populated backwater, but seemingly overnight it had grown into a major population center.

During the ~150 years since, California has become "the largest sub-national economy in the world" with a population of nearly 40M people.

> The economy of California, with a gross state product of $3.2 trillion as of 2019, is the largest sub-national economy in the world.[14] If it were a country, it would be the 37th most populous country and the fifth largest economy as of 2020.

All this happened in the blink of an eye, and before there was a lot of what we might call "adult supervision", in the sense that things like water supply were dealt with without deep thought about long-term consequences.

E.g. "land subsidence": We have taken so much water from the ground that the San Joaquin Valley has sunk many meters! Here's the classic photo showing the subsidence:

https://water.usgs.gov/edu/pictures/full-size/land-subsidenc...

So that's what's happening in the paradise state.
Apple copied us, and that's a good thing
> Unfortunately with HTML5 and the Chrome-ification of the web, it couldn't keep up :-(

One of the worst things to happen to the web was for Google to start pushing at a speed and scale only they could keep up with.

The web is theirs now.
Wow, that looks really cool! Thanks for the explanation and links.
Apple Lists 'M1X MacBook Pro' in YouTube Tags for WWDC Keynote Video
There is no bottleneck, the opposite is true! Banks need only 10% funding, yes, which means for a one million deposit they can create 9 million in debt, thereby reducing the cost of money, thereby inflating asset prices.
Step 1: lose sight?

There might be blind people who orient themselves by echolocation - maybe not ultrasonic but still pretty cool

https://www.discovermagazine.com/mind/the-blind-individuals-...
US super-rich 'pay almost no income tax'
> But Malta or Ireland could simply take one for the team and switch their nominated language.

I'm pretty sure that you can have more than one nominated language, given that Belgium and Spain have a bunch of them.
Yes, I’m familiar with that narrative. Perhaps it is reality in _Portland_and_handful_of_other_places. In that case, you’re actually specifying the different case of solving a real housing shortage, not a manufactured shortage.

I routinely take 3-mile walks through my neighborhood in NE Los Angeles. There are at least two homes on each block that are unoccupied. The nearby stack and pack developments don’t offset the inventory sitting idle.
But how much is it actually used in trading?
Esperanto is considerably easier to learn than Klingon.
> Over a long enough timeframe, the trend is toward higher prices, but it's not clear how much of a factor agents are in that, compared to many other factors.

I can't imagine agents would have much of an impact when compared to other causes of rising house prices. The way I see it, is that they are more of a kind of facilitator to increase the efficiency of the market, and don't have as much of a role in market behavior.
Does anyone know of any formulas that would accommodate p changing on every bet?
It’s ok to ask and answer your own questions (2011)
The idea that py2many is pursuing is to avoid having to deal with two languages and interfacing via python C-API. In other words you write your C++ or Rust with the python syntax, fixed width, signed/unsigned integer types and static typing and transpile to get the same effect as writing C++ by hand.

You'd give up any dynamic features of cpython in the process.
Improved transit works in megacities because of rapid transit but in this case they might add a bus route or the bus might come every 1/2 hour. You still do not have the scale to make public transit work unless you turn this place into an actual city.
I dislike the content-spamming recipes for another reason -- they're an accessibility nightmare. I seem to get eye strain more easily than most, despite having normal vision when my eyes aren't hurting, so I use the screen reader a lot.

Any of those recipe sites? they'll read through several minutes of navigations, links, ads, and story before getting to the site. I feel badly for anyone who must listen to that, i.e. who doesn't have an option to read it visually, what a horrible experience.
Look at any typical city in North America, your priciest neighborhood likely has low density.

People tend to work away from where they live (at least for high paying jobs) and prefer having ample space at home therefore I don't think higher density would increase property value as you stated.
In defense of Airbnb which he also mentions, the few times when an issue arose with a booking I made (as a renter), I was rather swiftly helped by Airbnb, including return calls from agents. But I guess the experience can vary a lot, and might also depend on one’s booking history and estimated future “value” to the company.
This is because when a bank loans out money in most modern countries they in turn borrow the money from a federal reserve bank which in turn just creates the money to be loaned out. This is how federal reserve banks create more money. The idea being that loans drive the economy through building businesses and infrastructure but it also has the side effect of driving up the cost (inflation) for consumers of everything that can be paid for with loans: houses, cars and higher education and most of those things don't grow the economy in the same way a business loan would.
Along with huge portions of the rural midwest.

It all has to do with meeting the demand where the demand exists.
WWDC 2021: Apple Calls Open Season on IP Address Tracking and Targeting
Just like the Mayans...
If the checksum comes out as all 0's you're supposed to make it all 1's (0 in a UDP checksum means no checksum) so really it's related to that singular value and, if you've ever seen the quality of some of the dirt cheap hardware with ancient firmware some carriers use, it's really not that surprising for it to be bugged as described as they really don't care about dropping the occasional UDP packet when it's probably dropping more than that of general traffic due to how cheap and overrun it is anyways.
I plan to improve that, but will need to figure out the design (perhaps with something from Eigen). There is <https://metacpan.org/pod/PDL::CCS>, but it is not a real full PDL ndarray and is actually a wrapper around the PDL API.
I'd have liked to see at least a nodding reference to Mortimer Adler's classic, How to Read a Book. This isn't strictly a study guide, but that itself is a strength, in that Adler explicitly recognises different types of books and different levels of reading.

Records transmit knowledge. Not all human knowlege is equally facilitated by explitic (spoken or written) transmission. Different domains and topics exercise different skills: memorisation in the case of history and a substantial portion of practice lore, structured knowledge in the case of most of the sciences, and what might be considered cerebral skills development in areas such as maths, logic, rhetoric, management, negotiation, sales tactics, and relationship management. These are learnt in different ways, and books play different roles in their education.

Online: https://archive.org/details/howtoreadbook0000adle

Numerous HN submissions: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...

Notably: https://news.ycombinator.com/item?id=12209446 https://news.ycombinator.com/item?id=177214 https://news.ycombinator.com/item?id=1002360
If you have lots of wealth, you don't need to have much income to tax, and you can use your other resources to offset it. If you want to take more money from Billionaires, income tax isn't going to cut it.
I am always fascinated by these web sites that document the "abandoned" past (though clearly this airport has not been abandoned at all). Here is another one I like: http://www.hudsonvalleyruins.org/. There used to be a website that kept track of abandoned ski areas, but I cannot find it. Sadly, it looks like the website itself has been abandoned.
Almost no one uses it directly – in practice, Kelly is too aggressive – but variations of it are quite common.
You could put it on the market and have contingencies that satisfy your agreement. As for selling to a pension fund specifically, I think that would be more work than it might be worth, and you'd probably be better off making it open to all types of buyers.
Si. Esperanto havas problemojn, kaj tio estas la plej gravan.
Well, it's history and education.

In every country children are told quite silly things about the world and, in particular, about the importance of their country in the world. This is even worse for current or former empires (UK, France, Germany, Spain, Italy, Greece, Russia, US, China...).

Children there are told they are special and superior in some way to other children who were born in other places. It's not surpising that they end up asuming those lies as something obvious and natural. The most striking example nowdays is of course the United States, just because they are the biggest superpower (China's children are not less indoctrinated, though). Most American adults believe that their country is the biggest democracy the world has ever seen (cough, cough, India), their lifestyle the highest (Scandinavia smiles amusingly with a barely hidden condescending gesture) or that their wars are fought just to defend freedom (and Irak invaded because of the mass destruction weapons, apparently).

In the case of France they take as reference the Napoleonic times where their country was dominant and their language the vehicule of culture and politics in Europe. They also think the French Revolution invented real democracy or something similar (even though American Revolution started more than ten years earlier and Greeks had true democracies a couple thousand years before that).

Of course, those days are long gone, but this is what French are tought since they are small children, so most of them end up believing it.

Nationalism is a serious disease and most countries are infected.
>How can you ignore these kinds of discrepancies?

The French are (pardon my French) assholes, that's how. Even when the jury votes were announced in the 2021 Eurovision, all of the national representatives held their commentary English, except for the French representative, who did it almost entirely in French.

It's also the reason why the European Parliament can never ever abandon Strasbourg even though it makes absolutely no sense at all.
So, what you're talking about is a USD market consensus on another currency/entity (i.e. people who currently work with USD primarily arriving at a consensus on the price of bitcoin), run a simulation in your head if you will, something interesting and fairly complex comes up, there's a lot of information asymmetry around it, what do you think happens around the consensus of it as time progresses? (does the information asymmetry decrease or increase?)
Well, I can't see any answers to those questions that don't have serious flaws, worse than the problems such government control would prevent. Which is why I think government control over social media moderation is a really bad idea.

Since you're the one who wants to change the status quo, why don't you suggest a proposal for how such federal moderation regulation would work? I'm willing to acknowledge that I may just be suffering a failure of imagination.

Though, maybe not in this thread... contact in profile, or I'm sure we can discuss it next week when it comes up on HN again. :)
That's how markets work, no? The goal of pricing a scarce good is to put it at what people are willing to pay, which for something you need to live, is all they are able to pay. The system is working as designed.