Except that intentionally making bad investments fully knowing that they are bad investments is not something you can put aside as just “bad investments you lost money on”. This is absolutely something the board needs to hold the executive team accountable for and is part of their fiduciary duty.
I bet the chairman, Mark Zuckerberg, is going to steer the board to get right on with punishing the CEO, Mark Zuckerberg, for his careless administration of the company.
If you want cash poor people to compete with cash rich private equity in the housing market without banning PE completely, you need to make it cheaper for cash poor people to borrow money. That too isn’t a particularly radical policy proposal. A lot of countries across the world do it with positive outcomes.
You could go the other direction -increasing the borrowing cost of purchasing a home for investment to ensure that borrowers with less capital can still afford homes in the same market.
As a hypothetical, you could tax their purchase at the same rate at which they're borrowing and use the funds to back loan guarantees for new/lower income purchasers.
The point is to impair the ROI for multi-home purchasers without limiting upside in the market.
NINJA loans were loans for people with no income and no jobs. What I’m proposing is cheaper access to cash for first time homebuyers. You’d still have to be credit worthy.
Because it’s not free market capitalism. Zoning, NIMBYs, over regulation etc. all together ensure supply demand economics don’t work the way they should.
Problem is absolutely lack of housing and population growth has nothing to do with it.
Average house size was about 1000 sqft in the 1900 and average household size was 5. This remained relatively the same in 1950 where the average household size was 4. These days, the average size of a house is 2600sqft and household size is 3. We have created a system where we build fewer larger houses. This is because policy (often dictated by people who already own houses) makes it impossible to build small high density housing or even if it is possible to build it, it’s not profitable.
With term life insurance specifically the lifetime policy premiums are typically so low relative to the value of the policy that there's a natural bias towards insuring generally healthy people. Its not uncommon to see policies that are something like $40/month for 20 years ($9600 in premiums) for a $1mm death benefit, for example.
People with more complex medical conditions often can get life insurance from smaller, specialized providers... and at much higher rates. But the big mass-market players offering inexpensive term life products are only offering them that cheaply because they really control the risk profile during underwriting.
You want to limit the use of AI in schools just the way you want to limit calculators: ensure the student can do the math without calculators, even when the computation is hard and then teach them to use the calculator as a tool to help them move faster.
Restricting AI completely or introducing it too early, both would be harmful.
Over protection and coddling are definitely a cause of lower social skills. When I was a kid, parents with leave children with a babysitter who was essentially an older child, sometimes just by a couple of years. Other times the kids would just be wandering around by themselves while parents didn’t care until it was dinner time. “Parties” weren’t just alcohol induced sex fests like they show on TV. Often it was 10 kids bunched around a single computer with $5 worth of chips and soda trying to beat a boss fight. A lot of those things are not only frowned upon now, but as a parent, could land you in jail.
If you wonder why children no longer grow up with a different outlook to life, then that’s probably it.
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