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  1. Re:The most underrated misconception of economics on The Vicious Circle That Is Sending Rents Spiraling Higher · · Score: 1

    You realize the banks were hauled into the Treasury Department and ordered to take the money, right?

    And you realize the purported purpose of the bailouts was so people don't lose their life savings, homes, and businesses, right?

    And you realize that I'm against the bailouts, correct?

    And you realize that two wrongs don't make a right, yes?

    Finally, who's to say what the "correct" duration of time to hold a house is? If the banks really need the cash, they can put them to auction. And they frequently do.

    But frequently, it goes to a speculator who thinks there's another person, somewhere down the road, that'll be willing to pay more than they did. (This is a valuable service to the market, by the way: The speculator is risking their own savings to bet that housing will be in higher demand in the future. If they're right, this has the effect of stabilizing prices, eliminating huge peaks in prices, and stimulating construction in time for when the demand actually arrives.)

  2. Re:The most underrated misconception of economics on The Vicious Circle That Is Sending Rents Spiraling Higher · · Score: 1

    ...where they can make decent money. But if they moved, they'd have a harder time making the same money; they'd either have to commute, contributing to their stress level (stress still being referred to as the #1 killer in America) and the death of the ecosphere we hold dear, or take an inferior job and make less money, thus retaining roughly equivalent purchase power. Hicks in sticks don't buy McMansions for retirement because they were able to save due to their lower cost of living. They also have lower wages.

    The point is this: For an area that supposedly nobody can afford, there's a lot of people managing to afford it.

    No, this is not about liquidity, this is about supply and demand. That was a nice long word, though. For a slashbot.

    What's your point? Mine still seems to stand.

    Uh, no. It's a downward force on supply. Not all the developers are willing or able to take advantage of opportunities involving higher-dollar properties.

    You're confusing Supply with Quantity Supplied. I don't blame you, I wasn't very clear on this.

    The law of supply says price determines quantity supplied; and a higher price increases supply, other things being equal.

    If demand increases - say, an employer moved in and starts hiring a bunch of people - then supply will stay the same, demand will go up, which translates into an increase in quantity supplied.

    The differences in the terms are subtle, so I'll repeat: Supply (the whole curve, is independent of price) stays the same, Quantity supplied (which is dependent on price) goes up.

    This essentially means the article is completely backwards.

    Oh, now you want to talk about supply and demand? Banks are letting houses sit, rotting, and get stripped of their valuable parts rather than decrease the prices because they're waiting for some invisible hand to stop playing with its invisible dick long enough to somehow hand the people enough money to pay what they want to charge. They took on these mortgages based on bullshit inflated property prices (inflated to increase property taxes) and then foreclosed on them en masse and now they seem to want to get paid based on the bullshit values estimated for those properties at the time rather than what people can afford. You know, what the market will bear? Because you can't squeeze blood from a goddamned ghost.

    Look man, I know you wanted to get this house, but everyone I turn to says I can get at least 10% more for it than what you offered -- well above the cost of interest. That means there's someone else out there who's willing to pay more than you are. If you think it's ok for me to take a 10% loss, how about 20%, or 50%? It's not in anybody's interest for me to take less than about 5%/yr, the rate of interest. Sorry, no, not selling. But if you want a hot market that's insanely liquid, try San Francisco.

  3. The most underrated misconception of economics on The Vicious Circle That Is Sending Rents Spiraling Higher · · Score: 5, Insightful

    This reads like a common economic trope: A journalist (presumably not an economist) observes that A has a positive effect on B, and B has a positive effect back on A. They then proceed to assume that both A and B will "spiral out of control" into infinity, as if the only kind of effect is a proportional effect, and as if the only kind of feedback loop is a positive feedback loop.

    Well as it turns out, there's a such a thing as a negative feedback loop. In fact, that's how markets work; there's this law called the law of declining marginal utility. In most cases, given the nature of geometric sums, there's a total, maximum amount of utility that a single good can ever give you, ever, no matter how much you buy.

    Let's take a look at the author's argument:

    1. People paying high rents have a harder time saving for a down payment, preventing tenants from exiting the rental market.

    People paying high rents are, presumably, living in an area with high demand, further suggesting that they have a much better ability to pay for housing than the average person as it is; they just choose to live in a high-rent place because it's more beneficial than an average city or neighberhood.

    2. Low vacancy rates let landlords raise rents still higher.

    There's no special correlation between prices and liquidity; there's a better correlation between how "hot" or bubble-like a market is, though. Volume isn't the same as price.

    3. Developers who know they can command high rents (and sales prices) are spurred to spend more to acquire developable land.

    This is a downward force on prices. See also, the Law of Supply: higher prices creates more supply, or at least forces people to use the resources more effectively. Software developers don't need a huge living area, at least not compared to (at the extreme end) farms. In contrast to farms, which can go pretty much anywhere there's halfway decent land. As a result, people (in expanding cities, for example) tend to buy out farms, not the other way around.

    This may seem obvious, but knowing it explicitly is a crucial component of knowing how resources are efficiently allocated. It doesn't even matter how resources are initially allocated, if we mixed everything up and assuming low transaction costs (something not typically present in housing markets, though), then people will trade with each other back to the optimum allocations.

    4. Higher land costs can force builders to target the higher end of the market.

    No, there's this thing called the law of supply and demand. Rates are set based on what the market as a whole is able to bear - where the supply and demand curves meet. And if San Francisco can find 50k buyers for 50k $10/sqft (or whatever) rentals, then that's the market price (a simplified argument, of course, but hopefully still an accurate one).

  4. Re:A hypermedia API is self-documenting on Ask Slashdot: Best API Management System? · · Score: 1

    All the constraints of the dissertation are required to call your HTTP service RESTful; although some of the constraints themselves are 'optional', e.g. Code-on-demand (your server doesn't have to actually use it, but your protocol must support it).

    See my second link for an analysis of why the Twitter and Amazon APIs are not RESTful. Mostly, they don't implement the uniform interface, HATEOAS in particular. They don't provide hyperlinks, but instead you have to read their public documentation and hard-code your application with platform-specific URL patterns.

    To implement HATEOAS, Twitter could opt to emit a machine-readable URL template (e.g. , or the URI Templates standard). They don't even do that, except on their website, which does provide forms to write a tweet, retweet, shows links to view context, and similar. This means Twitter's own website is more RESTful than their (so-called) REST API.

  5. A hypermedia API is self-documenting on Ask Slashdot: Best API Management System? · · Score: 2

    The Web is designed to not need APIs or dedicated documentation. You might have heard of REST - it's a set of constraints on network architecture designs, which are: client-server protocol, layered interface, caching, stateless connections, code-on-demand (e.g. Javascript), and a uniform interface (e.g. HTML). REST is defined by the principal author of HTTP, Roy T. Fielding.

    Lots of people call themselves RESTful (Amazon, Twitter) but aren't even close. A RESTful service is pretty much just like a website: You enter at an entry point, then start following hyperlinks and filling out forms to manipulate the state of your client and the server (respectively).

    If you have an existing plain-old-HTTP API, you might want to build a hypertext interface on top of it that users can browse and submit documents with. Use a hypermedia data format like JSON-LD, Hydra, or JSON Hyper-schema to expose machine-readable hypertext. HTML is perfectly fine too, and preferable if you want to navigate the API with a Web browser.

    See:

    http://martinfowler.com/articl...

    https://web.archive.org/web/20...

    http://www.amazon.com/RESTful-...

  6. Re:I Predict... on FCC To Fine AT&T $100M For Throttling Unlimited Data Customers · · Score: 1

    (1) That's not the argument that GGP made

    (2) That's still not how economics works. The point isn't to get AT&T to lose money, that doesn't help anyone; the point is to make sure that goods/services are honestly and accurately described.

  7. Re:I Predict... on FCC To Fine AT&T $100M For Throttling Unlimited Data Customers · · Score: 1

    Uh, no. You said "The winner is AT&T" and that's objectively wrong. Whoosh indeed.

  8. Re:I Predict... on FCC To Fine AT&T $100M For Throttling Unlimited Data Customers · · Score: 2

    Economics doesn't work like that. Prices are set by the market, as a function of what people are willing to pay and how much it takes to produce the product.

    If costs go up, that creates a change in supply and raises prices, and both marginal profit and quantity supplied will drop.

    If AT&T chooses not to charge that equilibrium price, that means they're taking a loss, in the economist's usage of the term (as opposed to an accounting profit, i.e. they might still turn a profit, but it's less than what it could be).

  9. Re:Fucking Taxi cartels. on Uber Drivers Are Employees, Not Contractors, Says California Labor Commission · · Score: 1

    Um, yeah, it does, it's illegal to offer just a wage now.

    Which is stupid. I was just with a driver who's a teacher by day, he doesn't need a second set of benefits - that would just take money out of wages and it ends up hurting the people that the state purports to help.

  10. Re:Good and Bad on Appeals Court Rejects ISP Stay of Neutrality Rules · · Score: 1

    Right. The point is Netflix has plenty of servers, and there's at least one location for them that's providing better service than L3 is, at least to just one customer. But right, this is L3's problem.

    In any event, again, this is basic network (mis-)management issue, not a Net Neutrality issue.

  11. Re:Good and Bad on Appeals Court Rejects ISP Stay of Neutrality Rules · · Score: 1

    It's still hard to tell what's going on here because both parties only seem interested in depicting the other as evil.

    Level3 blames Verizon. There's some nasty stuff going on there if what they say is true. But none of it uniquely affects Netflix, it affects all Level3 customers. This is the kind of network management that the FCC has declined to intervene in.

    They claimed that Verizon literally unplugged half the connections between two networks that are only half congested.

    Presumably, if they added more links, the connection to that Netflix server (among other Level3 customers) would go up, but it couldn't do any better than double. (Bitrates might more than double now that there's no packet retransmissions, but it probably wouldn't increase an order of magnitude, which is what the VPN user claims.)

    If a VPN really is faster, then Netflix clearly has access to unused capacity via other routes that they're not providing to customers. That is, the VPN is just doing the routing that Netflix isn't doing.

    Either that, or the VPN customer is accessing the same Netflix server, which would make the VPN story is a lie, because VPN, of course, doesn't let you blast through network congestion.

    Regardless, none of the accusations claim Net Neutrality violations.

  12. Re:Good and Bad on Appeals Court Rejects ISP Stay of Neutrality Rules · · Score: 1

    What words are you talking about? I quoted directly from the FCC's rationale, and asked three questions and you answered zero of them.

    And no, the FCC's only proper job is to allocate radio spectrum. Manipulation or regulation of speech is prohibited by the First Amendment.

  13. What problem is this solving? on Ask Slashdot: Feature Requests For Epoch Init System 1.3.0? · · Score: 1

    I'm perfectly happy with OpenRC over here (I'm a Gentoo user, mostly). It has parallel startup, a fairly straightforward configuration, it's possible to run multiple instances of a daemon, and it works with Linux and BSD systems.

    And most importantly, I can still run my own cron, syslog, and date systems.

    How is Epoch different?

    What problem is this solving, and how is Epoch uniquely solving those problems?

  14. Re:Good and Bad on Appeals Court Rejects ISP Stay of Neutrality Rules · · Score: 1

    Crikey.
    It's the shill in his natural habitat.
    This particular specimen is drawn to government authority like an ignorant moth to a flame.
    Note how he repeats the same myths even though he's been corrected several dozen times before.
    Biologists are yet unsure whether this means his species is completely unable or willing to learn, or just that dedicated to his job.

    See, I can do that too, and funny thing is, regardless of who uses this rhetorical device, it doesn't really answer the fundamental question much. Why can't the FCC do it's damn job?

  15. Re:Good and Bad on Appeals Court Rejects ISP Stay of Neutrality Rules · · Score: 1

    Examples of abuses this is to prevent in the future?

    First, Comcast throttles Netflix as it competes with their own services, Netflix then is forced into paying Comcast for a connection (rather than their hosted proxies that worked for years):
    http://qz.com/256586/the-insid...

    The FCC specifically declined to intervene in this. From their published rationale:

    As discussed, Internet traffic exchange agreements have historically been and will continue to be commercially negotiated. We do not believe that it is appropriate or necessary to subject arrangements for Internet traffic exchange (which are subsumed within broadband Internet access service) to the rules we adopt today.

    Different example please?

    Then Verizon decides to hop on the bandwagon, Netflix is forced into buying a connection from Verizon too, then Verizon is still throttling them:
    http://www.extremetech.com/com...

    I buy a 100Mbps connection from a local data center. Explain to me how that's different than "throttling."

    If they're really getting less than their contract provides for, couldn't they just use the courts?

    Why do you need the FCC?

    Netflix pays for internet access already (through L3 I believe)
    I requested them to send me traffic, and I am on Verizon.
    Verizon has NO right to throttle traffic that I as a customer of theirs has requested.
    The throttling was so bad, I wasn't even able to play 320P video over my 75Mbit symmetric connection.
    They did the same thing to Youtube, constant buffering breaks in videos.

    This is not what the internet is supposed to be, I pay for a huge pipe, I should not be punished for trying to use 1/10 of it to watch a video.

    What evidence do you have that Netflix video content is uniquely being throttled? That if I were to host my video website on L3, it wouldn't have the same connection issues?

    Keep in mind Netflix is a majority of Internet traffics, so symmetric pipes are necessarily impossible.

    If the FCC was really going to help, isn't that a failure of the premise of Title II regulations in the first place?

  16. Re:Didn't Google try to buy Twitch on Google Announces YouTube Gaming · · Score: 1

    They're owned by Amazon now.

    And before they were known as Twitch.tv, they were known as Justin.tv.

  17. Re:The battle is won. The war continues. on Trade Bill Fails In the House · · Score: 1

    Treaties are only supposed to apply to the government, though. Things like military arms, conditions for extradition, taxes/tariffs, war, standards and practices by the government body (not private entities), ...

    Generally when treaties cover things like trade and such, it doesn't apply to citizens until Congress (both houses) pass a law implementing it. And they're by no means obligated to.

    Obviously a treaty can't cover everything. A treaty can't change the CO2 emissions of private individuals any more than it could set force of gravity ("we'll all commit to lowering the force of gravity by 0.4 percent over the next decade..." sure, it sounds silly, but stranger things have happened).

    How this actually works out in practice, idk.

  18. Re:Good and Bad on Appeals Court Rejects ISP Stay of Neutrality Rules · · Score: 2

    excessive internet consolidation

    Which events specifically?

    How does the FCC's rules stop this?

    What were ISPs doing before the FCC that they're not doing now?

    I know it's all popular to hate on the ISPs, but that doesn't mean we go to the government to pile on MORE layers of nastiness. I mean, the FCC can't identify any prior particular application of their own rules! The tl;dr summary of their findings is "A bunch of people came to us and expressed their concerns that sometime in the future, an ISP might start doing something nasty, so we're giving ourselves power over the Internet."

  19. Re:Why the switch in nomenclature? on Ghost Towns Is the First 8K Video Posted To YouTube -- But Can You Watch It? · · Score: 1

    Bad memory: widescreen (2.40:1) 2k cinema is 2048x852

  20. Re:Why the switch in nomenclature? on Ghost Towns Is the First 8K Video Posted To YouTube -- But Can You Watch It? · · Score: 2

    In my experience, it's because digital cinema projectors are measured in horizontal resolution; and a 2k projector is 2048x1080 pixels.

    In digital cinema, resolutions are represented by the horizontal pixel count, usually 2K (2048×1080 or 2.2 megapixels) or 4K (4096×2160 or 8.8 megapixels).

    Movies are shipped inside this frame; 1.85:1 is 1998x1080; 2.40:1 is 1920x800.

    4k is double the above heights and widths, 8k is quadruple.

    For general consumer TVs, they're always 16:9 so you get 1920x1080.

  21. Re:Market Segmentation should be socially unaccept on Bell Media President Says Canadians Are 'Stealing' US Netflix Content · · Score: 1

    We might be arguing semantics here, but... I think so?

    If I'm not allowed to modify a car or computer that I own, right.

    If I can't sell a ticket with my name on it... well maybe I can technically sell it, but that wouldn't be of much use to the person buying it, unless they literally just want the piece of paper because it has my name on it. (And there's good reasons to put names on tickets... invitation-only or other events not open to the general public.)

    But if someone actually slaps a lawsuit on me for selling the ticket, then... wat.

  22. Re:Market Segmentation should be socially unaccept on Bell Media President Says Canadians Are 'Stealing' US Netflix Content · · Score: 1

    Sort of: Price discrimination is generally good; it's fully capitalistic practice and that's a good thing.

    For instance, when an amusement park or movie theater charges less admission for children, it's because far fewer families would go there if it weren't for the price discrimination.

    There's lots of price discrimination that comes about only as a result of the government, though. Plane tickets used to be transferrable, now they're not. 0.0001% because you might be a terrorist, 99.9999% because airlines ended up liking the protectionism.

    Likewise for copyright, even though the Internet has no borders, the copyright model is still suck in this fantasyland where you can't put things on the Internet because that might make it available in a "bad" country.

  23. Sounds suspicious on Company Extends Alkaline Battery Life With Voltage Booster · · Score: 1

    If this is so great, easy, and cheap to put in (or next to) batteries, why isn't it in electronic devices instead? "Our wireless mouse lasts 8x longer than competitors!"

    This also sounds like snake oil from a salesman who doesn't know about the law of conservation of energy:

    “The time it takes for the battery voltage to drop by 0.1V is longer at lower voltages versus at higher voltages. That means that if a constant current was drawn from the battery, it would take the battery a lot longer to discharge from 1.2V to 1.1V than it would from 1.5V to 1.4V. This means that the extent to which the battery life is increased could be even higher.”

    If the battery is serving a lower voltage, that means it must put out more current. So, they've either broken physics, or just no.

  24. Re:PUBLIC school on Student Photographer Threatened With Suspension For Sports Photos · · Score: 1

    Not for all cases, no. Just some.

  25. Re:PUBLIC school on Student Photographer Threatened With Suspension For Sports Photos · · Score: 1

    and since they are not 18, they are unable to consent to a contractual agreement.

    This isn't true. Assuming the student is under 18, they can still enter contracts; details vary by state, purpose, and age, but at the very worst, they just can't be held responsible if they don't fill their end. The other party (non-minor) is still legally obligated to fill their part.

    If minors were unable to consent to a contract, business dealings with minors (employment, subscriptions, purchases, bank accounts) wouldn't be legally binding, and minors would be able to defraud people by lying about their age - a literal anarchy.