27% of homes sold, not 27% of US homes. The title is completely misleading.
Not a shocker, given high interest rates usually drive down prices, and investors are not getting mortgages. Great investment to keep value, not so much for growth.
The phrasing was clear to me on first read. I don’t think anyone would assume 27% of all homes are for sale in one 3 month period since that would imply every home is sold, on average, once per year.
If you own enough homes in a rental market, you can determine the market rate. An empty house has value simply by depleting local housing stock, since it is giving you greater leverage to drive market rate up.
Of course its less value than actually having it rented, but its still value. Tax code will also allow for softening the loss.
> If you own enough homes in a rental market, you can determine the market rate.
Only if the government has managed to prevent new construction.
Consider this: You aim to buy all 100 units, and then you can charge whatever rent you like, right? What happens is sellers discover you are doing this, and then raise their asking prices through the roof. The result is it costs you so much to get that monopoly that you cannot hope to be able to rent at a profit. Especially if it is possible to create new units for the purpose of selling at a high price to you. And it is possible, unless the government prevents new construction.
You cannot attain a monopoly unless there are major barriers to entry. In this case, it is government zoning that prevents new construction. In California, anyone can sue to block any new housing construction, bringing the construction market to a standstill and hence the highest home prices in the nation.
>Consider this: You aim to buy all 100 units, and then you can charge whatever rent you like, right? What happens is sellers discover you are doing this, and then raise their asking prices through the roof. The result is it costs you so much to get that monopoly that you cannot hope to be able to rent at a profit. Especially if it is possible to create new units for the purpose of selling at a high price to you. And it is possible, unless the government prevents new construction.
This doesn't matter to you as a buyer when the money you're spending is either borrowed, being printed out of thin air, or both.
Depends on your definition of value. There are many investments structured in a way that mere ownership, as long as comps go up in the local market, will cause increases in value.
Don’t look down.
It’s also why the current admin seems really intent on bullying Powell into decreasing the fed rate - Trump and many of his friends are very exposed to real estate.
If rents are not allowed to rise, the landlord risks locking in a low rent for the indeterminate future. It's a better play to leave it vacant until the rents rise.
False equivalence. Politicians aren’t scientists, and people do criticize programmers all the time. I got at least 3 complaints at work today about bugs in our software.
Saying that economists are scientists and therefore above reproach from non-economists ignores the way that ideology and research become intertwined whenever public policy is involved.
Saying "trust the science" at all times, even when the scientists in question are neoliberal technocrats is how you end up with the populist backlash against "trusting the science" that America is presently going through.
Obviously people criticize can and should criticize programmers, that's the point.
It doesn’t matter. Jim Bean doesn’t compete with an R&D software company. The R&D software company does compete with other companies in different jurisdictions with better regulations.
Jim Bean competes with other beverage makers who also operate out of different jurisdictions that may have different regulations ... not sure your point is as much of a "gotcha" as you think it is.
BJJ is really amazing for this. Trust is built into the activity, it draws a wide range of people, and is practiced all over the world at this point. I moved countries, found a BJJ gym, and instantly met some great people to hang out with.
Not GP, but the tagline above the fold doesn’t tell anything related to the actual value prop. Modular, extensions etc are implementation details. Git-native? I had an “idea” of what that meant, but had to scroll down to confirm.
Not sure how else to reply to this one, but it is the same thing as in its definition. Think less of client-server, think more of Postman, but without gazillion tabs and with docs at the same place with your API endpoint definition, headers, body, etc.
I just downloaded it and tried it and I still don't understand what it does.
It seems to be some kind of wysiwyg editor? With elements specific to API docs?
But then why does that make it an "API client". I'm guessing "API" specifically means HTTP API here. But "client" is completely throwing me. An API client is just software that talks to an API. So what's with the wysiwyg stuff?
The Jupyter comparison isn't completely off base if you'd like to rationalise it that way. Similarity would be blending the code and the docs in a single file, where you can then also execute something.
By definition, API Client is a devtool that makes it easier for devs (& co.) to design, test, document, and debug APIs. If it's confusing, we can take it to Postman, but it's an industry standard, been that way for a long while.
> By definition, API Client is a devtool that makes it easier for devs (& co.) to design, test, document, and debug APIs. If it's confusing, we can take it to Postman, but it's an industry standard, been that way for a long while.
That's not the definition of "API client" I'm familiar with. In fact it feels like a very specific definition of "API client" - which is a broad term that I am familiar with.
(Why does it sometimes feel like I am not getting the memos that everyone else is getting? It's like when a new job description for an old job suddenly appears and everyone pretends that what it's always been called!)
Maybe you thought of an SDK-like client/wrapper for calling certain APIs, so it sounds natural to call it an API client?
Here you can check a list of currently OSS API clients (competitors to Voiden - the tool I posted about) https://github.com/stepci/awesome-api-clients Will join the list soon after we go OSS too. :)
I guess "API client" is often shorthand for "API client library" but that seems less of a stretch than using it to mean "App for calling, testing and documenting an API". A quick Github search seems to indicate that the former usage is more common in any case.
It's an expression. Meaning it's not just allowing you to use some git sync workaround, but actually use it as if you would in your terminal, respecting all of its commands and conventions.
The blog post was written NINE days after their first contact with apple support. "They were able to talk to someone and get it fixed" yes, after at least nine days of being locked out. This was all triggered by being 15 days late on a payment, because APPLE screwed up and didn't send a trade-in kit.
If you're ok with being treated that way, that's fine - I'm not.
Why would you accuse them of lying? If the author wanted to lie why would they include their mistakes like missing the email?
Either way, it doesn't actually matter - even if it's 100% the author's fault, NINE days to get to a human who can resolve the issue is enough of a reason to avoid having too many of your services centralized with apple.
Doesn't have to be lying - just dumb errors. They probably got the box and didn't know what it was and threw it out by accident. It's easy enough to do.
Given the entire post is them making dumb errors and then blaming others it would be in line with the rest of it.
Trade in kits have in the past come from a third party; that’s unrelated to the person having a bank account number on file for recurring charges that’s invalid, and having not seen the email traffic explaining such.
Not a shocker, given high interest rates usually drive down prices, and investors are not getting mortgages. Great investment to keep value, not so much for growth.