spaceflunky
Joined 11 years ago
Joined 11 years ago
For all the pride that South Korea has around its successes, how good of a society can it be, if it is an abject failure when it comes to repopulation?
I feel super skeptical about these "billionaire survival" compounds because they are going to require a lot of work for survival (read: hired hands). And where are these hands going to come from? If SHTF won't their pilots, drivers, security details, maids, cooks, gardeners, maintenance/mechanics crews, etc abandon them to tend to their own families? Or are these billionaires finding orphans who have no allegiance to anyone but the billionaires? Not to mention this is going to require some kind of "military style" command to prevent mutiny and ensure compliance under the threat of force. Sure, the billionaires can bury themselves in a comfortable (even luxury) bunker eating dehydrated rations for many many years, but I think I'd rather die that point. They can hide out on their yachts for about week before they run out of diesel and food, and then crew commits a mutiny.
It all seems like a really stupid expensive LARP or Howard Hughes style paranoia. IMO if SHTF for real those bunkers are worthless.
Unlikely. There's a very high likelihood the house will have to be sold, either to pay off debts of the deceased (or bereaved), or because the children already have their own lives going, or because they don't want to assume the tax burden, or simply because each child wants their share to do with as they please.
>or sell it and buy a different house to live
This is what's going to happen. All of these property will be sold. A very small percentage will be assumed by the children because of the all issues mentioned above.
The housing supply will increase dramatically in the next decade, not by building but by attrition.
More than 55% of all homes in America are owned by Silent Gens or Boomers[0]. That figure includes non-SFHs, of SFHs I've read they own >70% of (lost my source unfortunately). They are going to start dying of en masse within the next decade. That means A LOT of SFH are going to hit the market, all around the same time.
The share of millenials and genzers who are financially fit to even purchase a home are going to be far less than the amount of people who are dying.
For the non-believers, it's all written in the demographics. Unless we import a shit load of migrants who can also afford expensive real estate, or we print money so that institutions can buy these properties, the prices are going to sink like crazy.
[0]https://ipropertymanagement.com/research/homeownership-rate-...
In San Bruno, CA a portion of the mall there is dedicated to small experiences for children (a miniature play town, a bounce room, etc). I've taken my toddler there and it was pretty fun.
Pure commoditized retail isn't going to cut it anymore. I think another component is that the rent is going to have to be very cheap in order to lower the bar to entry and encourage rapid innovations in this space. If I were Simon (or a similar property group), I might dedicate a certain percentage of my mall spaces to "incubate" these new ideas by offer cheap or nearly free rent.
THEN GO PLAY OVERSEAS!!!! Half of the people on HackerNews are immigrants to one country or another.
Why should we feel sympathy for this woman? People go overseas for better opportunities all the time. Why should I feel sympathy for her brining illegal drugs into Russia? She's can't follow the law there, so now America has to come break her out?
It's not just the main Android OS that needs to be patched, the chips have their own proprietary software too.
The problem is that after 3 years, most of those chips have gone EOL and QC wants to put their resources into developing new chips because that's where the revenue comes from (e.g. how they pay their employees). Meanwhile new security flaws keep getting discovered on EOL chips that provide zero new revenue.
So what do you want here? Do you want the break neck pace of innovation to continue which is ultimately very good for everyone? Or should we spend all of our time making sure your Apple IIc still has security patches for 2022? At some point you just have to move on and that's just the trade you make for all technology. You can't simultaneously benefit from this cycle and then bemoan it. If all we ever did was make security patches for your Commodore and AppleIIc you wouldn't have a Pixel3.
just a lot less (overt) slurs and slightly more intelligible formatting