The way to avoid this is for Amazon to hold itself accountable, or, if it is unable to do so, a government. You're telling me the trillion-dollar logistics company can't figure out how to make sure people get the correct items?
If you mean cryptocurrency, then that's wrong, because its primary purpose is to facilitate illegal activity, or grifting. It isn't even good as money, and I still can't buy groceries with Bitcoin, which is like... one of the things money needs to do (buy food).
No, it really won't. You can't replace software developers with linear algebra that writes essays at a sixth-grade level. Or, perhaps the bar really is that low, although high interest rates should help filter out most of the nonsense.
No it's more of developers will be integrating GPT into literally millions of locations. Every UI you will see soon will have a GPT integration. If you're trying to hide it in HN, good luck hiding it anywhere else.
An admission essay is hardly education, it's a pro forma hoop to jump through to get into college (especially now that more and more are ignoring test scores). So you have to invent eight hobbies and convince a bunch of bored administrators that playing the cello since you were four has really helped you overcome adversity, but it's also made you disciplined and ready to take on the world.
I'm very pro-education, and anti-college admissions essay.
The biggest bottleneck in web applications was, is, and ever shall be, roundtrip time to the database, especially now that nobody bothers to install MySQL on the same box anymore, so every query has to go over the network. Of course, that's in a sane web application. Trendier approaches also try to shovel 10 MB of JavaScript over the wire first, so you can then call your API (which is slow for other reasons), and then render the result (which is also slow because you've shoveled 10 MB of JavaScript into the user's browser).
The language you choose matters relatively little.
I disagree, those 10MB of JS easily become 40MB of WASM. Picking a language that's compiled to Javascript for frontend code is the only good choice IMO.
WASM is not unlike the JARs and SWFs we got shoved down our throat ten years ago when HTML and JS were lacking any useful web capabilities. Huge files with separate runtime that implement their own renderer and operating environment. Google Docs already does this, using a canvas element to render to rather than using HTML and CSS to lay out text.
This is the weirdest gotcha. Nobody said it wasn't source anymore, they implied that it wouldn't be readable or conducive to sharing because it's unreadable.
Looks like there is a price - otherwise people wouldn't be moving here in droves. Also Houston being full of close minded bigots is hilarious to me, it's far more racially integrated than NYC. You seem to be the one that's a bigot
Big difference between kid bullies and government bullies. You're almost guaranteed to be a school bully victim when your governor is going after Mini Mouse for wearing a rainbow skirt.
What? No, there simply isn't enough housing. Prices don't always go up simply because of an increase in the money supply (which is also something you can measure).
Exactly. Not enough supply. Build costs exorbitant. There will not be some magical supply out of nowhere nor a big drop in build costs. So thus prices, IMO, in most major metros are connected to fundamentals.
If housing was not connected to fundamentals, home sale prices would have been exposed and taken a nose dive with the movement in interest rates. People aren't getting any easy money. They are still buying.
> If housing was not connected to fundamentals, home sale prices would have been exposed and taken a nose dive with the movement in interest rates.
But prices have fallen (and even more, volume, has fallen, whether because there are fewer buyers are because sellers are deferring because of the fall in prices). This is clear in national figures, and hot metros that at some other times have defied downward real estate trends also show it.
If you mean they have fallen from the peak of May 2022 you would be right. But that's not the story. And that has no bearing on fundamentals. Just because there has been a price movement doesn't mean it got disconnected from fundamentals. Price came off peak? Ok. Well cost of money also ramped up disproportionately to that. Prices have been resilient and when rates go the other way, they will go even higher IMO.
Prices are still, on median, 100k higher NOW over pre-pandemic. That's 33% more in just a few years. Sale to list prices is still at 98.9%. Off the peak of 103.1% but money was WAY cheaper then.
March 2020 median home price was $300k. March 2023.... $400k. [1]
March 2020 loans were about 3.5%. March 2023.... 6.5%.
It costs a shit ton more to service a loan now, inventory is down, yet prices are only 30k off the peak.
Is everyone buying a house with these interest rates a moron? No they aren't. Are banks approving risky loans now? No they aren't.
Volume is irrelevant when we are talking about fundamentals. Sellers are a key part of that. If they pull inventory due to the numerous factors in the housing market and the economy, then the prices are what they are. There is no shadowy hand now keeping home prices higher over their fundamentals, nor a shadowy hand telling the homeowners to not list their home. This is the market at work; and its been resilient with what is going on.
And to my point, if you couple supply and demand with the state of affairs and you look at build cost you'll see that current inventory is priced at or better than any fundamental analysis would suggest. And not overpriced.
I ONLY buy on build/replacement cost. Sure some areas went crazy, but if you are disconnected from build costs, you are rolling the dice and I highly recommend you don't do that unless you love the house so much you don't care what happens. But by and large, housing prices are NOT disconnected from replacement costs. They are still cheaper.
If you can buy a "used" house for 300k. Or build a new house for 350k (+6-12 months of your time and carrying costs on the housing you are currently at and potential unexpected costs), then where is the disconnect? I don't see it.
If housing WAS disconnected from the fundamentals, then you'd simply see a shit ton more building going on and with more inventory and less buyers and affordability due to interest rate hikes, price would drop a lot. That's not the case. There has not been a meaningful price drop with the interest rate hikes, we just have less buyers on average, and about 4% less on the sales price to list.
People waiting on the sidelines in most markets aren't going to be happy as inflation keeps on trucking, build costs are out of control, and inventory is low. Rent will go up.
"Year-over-year rental price growth will rise from 5.8%, as of June 2022, to 8.4% as of May 2023, according to a Federal Reserve Bank of Dallas forecast that uses data from the federal government’s consumer price index"
You used to be able to just stash cash and then when interest rates jack up you could get a real deal. No more. Housing is an inflation hedge and the market has been pumped up.
When the pivot occurs and cheaper money returns because the asset owners would rather have inflation than deflation, the housing market will go even higher IMO. 30T debt and 180+T in unfunded liabilities along with a pissed off world that has gotten drunk off cheap USD leaves no choice but to print in overdrive. I won't be holding USD or more than retirement money in the stock market. I'll be primarily in RE and private companies. If you are big on stocks, you may still do ok - we've seen that we can print and not cause extreme inflation, by pushing dollars into equities. But I think that game will end as it's further exposed and money rotates out.
No, but it makes it fairly likely that they were exposed to the fundamentals, like a lack of a degree makes it likely they weren't. "Well, actually, not EVERY CS major knows their fundamentals!" is not nearly as strong of an argument as people seem to think.
One example I can think of: A CS major is likely to have at least been exposed to the idea of Big-O estimating algorithmic complexity.
A non-CS grad is much less likely to have. They may not even have a concept that estimating algorithmic complexity is even possible. They may have zero understanding why a massively nested loop structure is slow.
