No Crap-ola
Eliminating mortgage interest deduction would lower home prices and increase home ownership.
As soon as I started looking into houses, I figured this out. The way people buy houses is they look at how much they can borrow, add that to the down payment, and then see how much house they can afford. The Mortgage Interest deduction factors into the "how much they can borrow" section and increases how much people can pay. When I was buying a house, I would've preferred higher interest rates AND no mortgage deduction, because it would've driven down the price more and my monthly would've been the same. But of course, now that I'm in a house, I prefer the housing prices to remain high (although I don't actually get to capitalize on those gains in any way).
In slightly other news, I heard on a radio program the other day that when employers auto-enroll employees in 401k plans (a darling "nudge" idea), those same employees end up increasing their consumer debt. Shocking news that money is fungible, ie if it goes one place, it cannot go to another place. So, the "nudge" people claim their policies work because people save more for retirement, but the fact is - they are the same and maybe even worse off because they have more consumer debt! What geniuses these architects of human behavior are!
I believe laws should be written to be simple, clear, and fair. Not to promote "values," as more often than not, they end up backfiring. Just think about the home ownership example. Mortgage interest deduction is meant to encourage home ownership as a path to wealth. Instead, it makes home ownership less likely, more stressful, expensive, and in actuality works as a simple wealth transfer from non-home owners to existing home owners.
We should hire game designers to write laws, not ideologues.
Monday, January 29, 2018
Sunday, January 28, 2018
Science Proves What We Know, But Are Afraid to Say...
Turns out being a minority or woman HELPS with employment opportunities (at least in this certain field).
Everywhere I've worked, being a woman or minority is looked upon as a net positive or neutral. Maybe this isn't the case in all industries, but worth a think.
Turns out being a minority or woman HELPS with employment opportunities (at least in this certain field).
Everywhere I've worked, being a woman or minority is looked upon as a net positive or neutral. Maybe this isn't the case in all industries, but worth a think.
Jay-Z
Says on Van Jones, money doesn't equal happiness. Kinda strange words from Jay-Z, but beyond that - he's right - money doesn't equal happiness - but is the point of politics to make people happy? I don't think so. It's to make things fair, just, and orderly.
Says on Van Jones, money doesn't equal happiness. Kinda strange words from Jay-Z, but beyond that - he's right - money doesn't equal happiness - but is the point of politics to make people happy? I don't think so. It's to make things fair, just, and orderly.
Friday, January 26, 2018
Adult Baby Market
Interesting piece at the Ringer. Maybe I should say - interesting idea for a piece. Why are the Ringer articles so long? Jesus. I had to stop reading. It often seems as though the articles that ought to be short are too long and the articles that could be longer are not, ie Game of Thrones stuff.
Anyhow, I've been thinking about this a bit lately with respect to "self driving cars." One of the reasons I'm against them at the moment is that culturally speaking, they are just another product that infantilizes us. It's like no one wants to be able to do anything anymore. I'd much rather have a society where everyone could drive stick shift than a society where people don't even need to know how to drive.
Interesting piece at the Ringer. Maybe I should say - interesting idea for a piece. Why are the Ringer articles so long? Jesus. I had to stop reading. It often seems as though the articles that ought to be short are too long and the articles that could be longer are not, ie Game of Thrones stuff.
Anyhow, I've been thinking about this a bit lately with respect to "self driving cars." One of the reasons I'm against them at the moment is that culturally speaking, they are just another product that infantilizes us. It's like no one wants to be able to do anything anymore. I'd much rather have a society where everyone could drive stick shift than a society where people don't even need to know how to drive.
Thursday, January 25, 2018
#Me Too
Like Casey Affleck, I'll be skipping the Oscars this year.
The unifying thing behind intersectionalism, #metoo, and BLM, is that they alienate potential allies in favor of a Mao-ist puritanism. They play the Game of Thrones like Cersai Lannister. The end result is going to be bad for everyone, themselves included.
Like Casey Affleck, I'll be skipping the Oscars this year.
The unifying thing behind intersectionalism, #metoo, and BLM, is that they alienate potential allies in favor of a Mao-ist puritanism. They play the Game of Thrones like Cersai Lannister. The end result is going to be bad for everyone, themselves included.
Tuesday, January 23, 2018
This Jordan Peterson Interview
One of the reasons it's gained so much traction is that I imagine many young men have had similar conversations with "feminists." If one has spent time on a college campus or any major US city, surely one has been in a conversation/debate/argument where one's words are deliberately misconstrued. What's satisfying is how Peterson handles the situation with calm and jijitsu-like wins the argument.
Peterson identities the same enemies that Trump has, but in a more rational, intellectual vs. animalistic framework. Whatever you want to say about Trump, his influence has been profound. I don't think we get Peterson, or the sex scandals without Trump being in office. These are truly strange times.
One of the reasons it's gained so much traction is that I imagine many young men have had similar conversations with "feminists." If one has spent time on a college campus or any major US city, surely one has been in a conversation/debate/argument where one's words are deliberately misconstrued. What's satisfying is how Peterson handles the situation with calm and jijitsu-like wins the argument.
Peterson identities the same enemies that Trump has, but in a more rational, intellectual vs. animalistic framework. Whatever you want to say about Trump, his influence has been profound. I don't think we get Peterson, or the sex scandals without Trump being in office. These are truly strange times.
Monday, January 22, 2018
When You're Right, You're Right
Can't believe Rupert Murdoch has now become a voice of reason with respect to trustworthiness of news, but he's nevertheless right.
Can't believe Rupert Murdoch has now become a voice of reason with respect to trustworthiness of news, but he's nevertheless right.
“Facebook and Google have popularized scurrilous news sources through algorithms that are profitable for these platforms but inherently unreliable,” his statement reads. “Recognition of a problem is one step on the pathway to cure, but the remedial measures that both companies have so far proposed are inadequate, commercially, socially and journalistically.”You get what you pay for. Nowadays, no one wants to pay for news and then we complain about fake news. On the other hand, newspapers were a great industry at one time, but the businessmen got their greasy fingers on the companies and started cutting back staff to boost their profits. Which in turn lead to crummier and crummier coverage and they didn't have the horses to fight and benefit from technological disruption. Or maybe it's just the cycle of things...
Sunday, January 21, 2018
Pocahontas
"Elizabeth Warren's Native American Problem Goes Beyond Politics."
The problem isn't that her family had a myth (or perhaps some truth) that they had a Native American ancestor. The problem is that it matters and serves as a type of cultural currency.
"Elizabeth Warren's Native American Problem Goes Beyond Politics."
The problem isn't that her family had a myth (or perhaps some truth) that they had a Native American ancestor. The problem is that it matters and serves as a type of cultural currency.
Trump: Lost in Hysteria
The case against Trump is beginning to hinge on improbable future speculations (ie nuclear war) and specious claims: he is racist.
He had a good year one. I wouldn't bet it can continue, but Trump has proven me and everyone else wrong time and time again.
The case against Trump is beginning to hinge on improbable future speculations (ie nuclear war) and specious claims: he is racist.
He had a good year one. I wouldn't bet it can continue, but Trump has proven me and everyone else wrong time and time again.
Wednesday, January 17, 2018
Tuesday, January 16, 2018
Logging
Films: The Disaster Artist and Hostiles
The Disaster Artist might be an excellent movie and even though I didn't love it as much as 3 Billboards, I hope it'll win the Academy Award for the meta-story behind the movie. Still, I have mixed feelings about the whole thing. Feels like we're all laughing at the guy and not with the guy no matter the scale it goes to. To illustrate, I never had any interest in seeing The Room because it feels like the enjoyment comes from being a detached, ironic tourist of madness. Is there something wrong with this? I don't know, but I know it doesn't feel good. Then again, I love Fitzcarraldo, so I don't know...
Hostiles...my god...this film has the intellectual capacity of a rodent. Christian Bale and the setting and cinematography carry the first 20-30 minutes, but it really takes a narrative nose-dive at the midpoint and then totally jumps off a cliff toward the end. There are a few good action shootout sequences, but the "movie" fails its most basic storytelling function as plots are set up only to be abandoned and then completely new stories just pop up out of nowhere. The worst sin, however, is simply being mindlessly ideological, treating all the characters as mouthpieces for the radical political idea that the US Army *gasp* mistreated Native Americans. Jesus, this deserves a special place in the videostore for shit.
Films: The Disaster Artist and Hostiles
The Disaster Artist might be an excellent movie and even though I didn't love it as much as 3 Billboards, I hope it'll win the Academy Award for the meta-story behind the movie. Still, I have mixed feelings about the whole thing. Feels like we're all laughing at the guy and not with the guy no matter the scale it goes to. To illustrate, I never had any interest in seeing The Room because it feels like the enjoyment comes from being a detached, ironic tourist of madness. Is there something wrong with this? I don't know, but I know it doesn't feel good. Then again, I love Fitzcarraldo, so I don't know...
Hostiles...my god...this film has the intellectual capacity of a rodent. Christian Bale and the setting and cinematography carry the first 20-30 minutes, but it really takes a narrative nose-dive at the midpoint and then totally jumps off a cliff toward the end. There are a few good action shootout sequences, but the "movie" fails its most basic storytelling function as plots are set up only to be abandoned and then completely new stories just pop up out of nowhere. The worst sin, however, is simply being mindlessly ideological, treating all the characters as mouthpieces for the radical political idea that the US Army *gasp* mistreated Native Americans. Jesus, this deserves a special place in the videostore for shit.
Simultaneously Great and Terrible News
Saudi Arabia opens up movie theaters for first time in 30 years. First movies seen: ‘The Emoji Movie’ & ‘Captain Underpants’
Saudi Arabia opens up movie theaters for first time in 30 years. First movies seen: ‘The Emoji Movie’ & ‘Captain Underpants’
Monday, January 15, 2018
The Atlantic
Caitlin Flanagan on Nov 11: The Hell With The Witch-Hunt Debate.
Caitlin Flanagan on Jan 11: Wait, This Is A Witch-Hunt
Liberals have made their bed on this stuff with empowering grievances. Now they get to sleep in it.
Caitlin Flanagan on Nov 11: The Hell With The Witch-Hunt Debate.
Caitlin Flanagan on Jan 11: Wait, This Is A Witch-Hunt
Liberals have made their bed on this stuff with empowering grievances. Now they get to sleep in it.
Sunday, January 14, 2018
Depression
Is everything we think we know about depression wrong?
Or, more accurately, is everything we know about depression from the marking departments of drug companies that sell anti-depressants.
One of the biggest scandals, I think, that will sometime break will be about how drug companies are controlling the narrative on how we think about health.
I think it is highly probable that our entire conversation about transgenderism is being funded by companies who sell puberty blockers and hormones that transgender patients will need to take for the rest of their lives. It would be very good for them if health insurance companies are politically forced into paying for those drugs for as large a patient pool as possible. Ask yourself this: is this paranoid scenario more likely or is it more likely that for 10s of thousands of years there have been countless number of human beings walking around in bodies that aren't really who they are? I say we ask a smart computer the question.
Is everything we think we know about depression wrong?
Or, more accurately, is everything we know about depression from the marking departments of drug companies that sell anti-depressants.
One of the biggest scandals, I think, that will sometime break will be about how drug companies are controlling the narrative on how we think about health.
I think it is highly probable that our entire conversation about transgenderism is being funded by companies who sell puberty blockers and hormones that transgender patients will need to take for the rest of their lives. It would be very good for them if health insurance companies are politically forced into paying for those drugs for as large a patient pool as possible. Ask yourself this: is this paranoid scenario more likely or is it more likely that for 10s of thousands of years there have been countless number of human beings walking around in bodies that aren't really who they are? I say we ask a smart computer the question.
Friday, January 12, 2018
More African Immigrants
Tyler Cowen says let's have more. I agree. I've had awesome experiences teaching students from Nigeria and Rwanda -- I found the students to be intelligent, kind, respectful, and intellectually curious.
Tyler Cowen says let's have more. I agree. I've had awesome experiences teaching students from Nigeria and Rwanda -- I found the students to be intelligent, kind, respectful, and intellectually curious.
A Bad Idea
A feminist prof recommends men take drugs and undergo complicated medical procedures to be able to breast feed.
Trying to pacify folks like this is akin to handing Hitler Czechoslovakia.
A feminist prof recommends men take drugs and undergo complicated medical procedures to be able to breast feed.
Trying to pacify folks like this is akin to handing Hitler Czechoslovakia.
A Few Random Thoughts on Money, Investing, Etc.
1) In my adult working life I cannot remember a time where stocks were this robust and positive. That suggests to me - a "buy and hold"guy - that it may be worth taking some earnings. And if not now, when?
2) Most financial anxieties can be resolved by holding more cash.
3) The easiest way to get more cash is to work more.
4) Diversification is good, but often misunderstood and misused. For instance, I once heard of someone who diversified by investing in a series of different Target Date funds. Also, diversification can easily justify buying or holding unwise investments (bitcoin, gold, etc).
5) Getting married is probably the best financial decision one can make, provided it's a good marriage.
6) The easiest mistake to make is to buy too much house or spend too much on housing (particularly in CA)
7) I think the financial advice world undervalues individual stock purchases for the same reason doctors often prescribe overly cautious medical approaches. They don't want poop on their face. But remember, it costs nothing to hold onto a stock (unlike a mutual fund or ETF, which although they might have small fees, always have some fees). And also, it's not difficult to identify Blue Chip stocks. And also, it's kinda fun to own a company. I'm not saying invest all your money into a single stock, but many folks caution against buying any single stock at all. And while there is risk a company can take a shit like Enron, it's also possible a company can go gangbusters - look at stocks like McDonalds, Home Depot, Apple, or Disney where you get an outsized return on investment within a certain time period.
8) Finances, like a lot of things, are about developing good habits. I don't have the patience to budget, so instead put into place a forced savings amount each month. Its worked for me. The best habit is to live on less money than you make. In that case, 100% of the time you will be okay.
9) If you know nothing, absolutely zero about investing and don't want to learn it, probably just regularly putting money into a Target Date fund, holding a cash pile, and buying a house when it makes sense is going to set you up fine.
10) Being unemployed sucks worse and does more harm than most people think. The idea behind unemployment insurance is to not be pressured into taking a job that doesn't meet your skillset, but I think it's probably better to get whatever job you can while you are looking for a better job if for no other reason than to keep your mind occupied and your sense of self worth higher. Plus, you might learn something or meet interesting people. Then again, I've never been any type of Executive where is seems like different rule sets apply.
11) Buying shit like clothes, gadgets, toys etc rarely gives me the pleasure I expect whereas with buying experiences like travel, good restaurants, parties, etc., I have almost never regretted even when it wasn't necessarily pleasurable. If that makes sense.
12) You don't get to take it with you, although you do get to give it to people you love.
13) I'd personally like to become more generous.
14) The only kind of debt payment that doesn't make me want to shoot myself in the face is a mortgage, but I suspect maybe it should.
15) If investing gives you anxiety, so should inflation.
16) Many tough decisions become easier when framed by a longer timeline. That is: will this current choice be good for me in 5, 10, 20 years, etc.
17) My real estate agent called money "just numbers in a bank account" getting transferred into home value, but if you need to eat or more likely, buy a new car or pay for daycare, you can't exactly sell the study or a portion of the master bedroom to pay for it.
18) The time to ask for a raise is not when you need it, but when you have leverage. The hard part is identifying when you have leverage -- most regular people are not good at it.
19) I'd bet planning for "best case scenarios" gets people in more trouble than planning for "worst case scenarios."
20) Eating well and exercising is cheaper than the health costs of not.
21) You will have health costs that far exceed what you think you should pay. Plan accordingly.
22) Remember when you buy stuff, you also need to buy space to hold it.
23) Anxiety and frustration may be a sign you are doing things wrong, but it also might be a sign you are growing and learning.
24) Developing avenues of money-making not tied to your labor is a good expenditure of time.
I guess I had more thoughts on this matter than I thought when I sat down to write this post.
1) In my adult working life I cannot remember a time where stocks were this robust and positive. That suggests to me - a "buy and hold"guy - that it may be worth taking some earnings. And if not now, when?
2) Most financial anxieties can be resolved by holding more cash.
3) The easiest way to get more cash is to work more.
4) Diversification is good, but often misunderstood and misused. For instance, I once heard of someone who diversified by investing in a series of different Target Date funds. Also, diversification can easily justify buying or holding unwise investments (bitcoin, gold, etc).
5) Getting married is probably the best financial decision one can make, provided it's a good marriage.
6) The easiest mistake to make is to buy too much house or spend too much on housing (particularly in CA)
7) I think the financial advice world undervalues individual stock purchases for the same reason doctors often prescribe overly cautious medical approaches. They don't want poop on their face. But remember, it costs nothing to hold onto a stock (unlike a mutual fund or ETF, which although they might have small fees, always have some fees). And also, it's not difficult to identify Blue Chip stocks. And also, it's kinda fun to own a company. I'm not saying invest all your money into a single stock, but many folks caution against buying any single stock at all. And while there is risk a company can take a shit like Enron, it's also possible a company can go gangbusters - look at stocks like McDonalds, Home Depot, Apple, or Disney where you get an outsized return on investment within a certain time period.
8) Finances, like a lot of things, are about developing good habits. I don't have the patience to budget, so instead put into place a forced savings amount each month. Its worked for me. The best habit is to live on less money than you make. In that case, 100% of the time you will be okay.
9) If you know nothing, absolutely zero about investing and don't want to learn it, probably just regularly putting money into a Target Date fund, holding a cash pile, and buying a house when it makes sense is going to set you up fine.
10) Being unemployed sucks worse and does more harm than most people think. The idea behind unemployment insurance is to not be pressured into taking a job that doesn't meet your skillset, but I think it's probably better to get whatever job you can while you are looking for a better job if for no other reason than to keep your mind occupied and your sense of self worth higher. Plus, you might learn something or meet interesting people. Then again, I've never been any type of Executive where is seems like different rule sets apply.
11) Buying shit like clothes, gadgets, toys etc rarely gives me the pleasure I expect whereas with buying experiences like travel, good restaurants, parties, etc., I have almost never regretted even when it wasn't necessarily pleasurable. If that makes sense.
12) You don't get to take it with you, although you do get to give it to people you love.
13) I'd personally like to become more generous.
14) The only kind of debt payment that doesn't make me want to shoot myself in the face is a mortgage, but I suspect maybe it should.
15) If investing gives you anxiety, so should inflation.
16) Many tough decisions become easier when framed by a longer timeline. That is: will this current choice be good for me in 5, 10, 20 years, etc.
17) My real estate agent called money "just numbers in a bank account" getting transferred into home value, but if you need to eat or more likely, buy a new car or pay for daycare, you can't exactly sell the study or a portion of the master bedroom to pay for it.
18) The time to ask for a raise is not when you need it, but when you have leverage. The hard part is identifying when you have leverage -- most regular people are not good at it.
19) I'd bet planning for "best case scenarios" gets people in more trouble than planning for "worst case scenarios."
20) Eating well and exercising is cheaper than the health costs of not.
21) You will have health costs that far exceed what you think you should pay. Plan accordingly.
22) Remember when you buy stuff, you also need to buy space to hold it.
23) Anxiety and frustration may be a sign you are doing things wrong, but it also might be a sign you are growing and learning.
24) Developing avenues of money-making not tied to your labor is a good expenditure of time.
I guess I had more thoughts on this matter than I thought when I sat down to write this post.
Tuesday, January 09, 2018
Tesla
A review. I've glanced at a couple reviews, and none of them are short. They all sing high praises. I remain unconvinced.
I'm a Tesla-bear for the simple reason that I wouldn't buy one. Why? First, the cost. Tesla 3 is supposed to be a medium-cost consumer car, yet they trudge out a $55K version to be tested. I find this very strange. They pitch a 35K car and then test drive a 55K car. That'd be like shopping for a topline Toyota Camry and then test driving an M3, and thinking Jeez, that was a good driving experience. NO SHIT!
Second: convenience. To me, an EV needs to be extra special to merit the cost because I don't know how or where to charge them whereas I know how to get gas.
Third: Value uncertainty. If I spend 30K on a Subaru, I know I'm getting a car that can go cross country, handle well in snow, handle poor weather, and will last 200,000 miles and upwards of 10-15 years. I know there are an abundance of Subaru mechanics who can work on the cars for a relatively reasonable cost. I know there are new parts. I know there is a resale market if I decide a need a different car. With Tesla, I have no idea how much new batteries cost. I have no idea even what parts are needed. I have no idea how much those parts cost, how often one will need one. I have no idea who I would call if the car didn't work one day. I have no idea if it would easy to be a sell a used one if I didn't like it.
I'm generally in favor of being an early adopter of new technology and paying the premium to move into the future. But for me the cost and risk is too high on this car. Plus, for 55K you're talking luxury. I'd go with a BMW or Audi.
I suppose you get some virtue points for buying Tesla. 55K seems a lot of pay for it.
A review. I've glanced at a couple reviews, and none of them are short. They all sing high praises. I remain unconvinced.
I'm a Tesla-bear for the simple reason that I wouldn't buy one. Why? First, the cost. Tesla 3 is supposed to be a medium-cost consumer car, yet they trudge out a $55K version to be tested. I find this very strange. They pitch a 35K car and then test drive a 55K car. That'd be like shopping for a topline Toyota Camry and then test driving an M3, and thinking Jeez, that was a good driving experience. NO SHIT!
Second: convenience. To me, an EV needs to be extra special to merit the cost because I don't know how or where to charge them whereas I know how to get gas.
Third: Value uncertainty. If I spend 30K on a Subaru, I know I'm getting a car that can go cross country, handle well in snow, handle poor weather, and will last 200,000 miles and upwards of 10-15 years. I know there are an abundance of Subaru mechanics who can work on the cars for a relatively reasonable cost. I know there are new parts. I know there is a resale market if I decide a need a different car. With Tesla, I have no idea how much new batteries cost. I have no idea even what parts are needed. I have no idea how much those parts cost, how often one will need one. I have no idea who I would call if the car didn't work one day. I have no idea if it would easy to be a sell a used one if I didn't like it.
I'm generally in favor of being an early adopter of new technology and paying the premium to move into the future. But for me the cost and risk is too high on this car. Plus, for 55K you're talking luxury. I'd go with a BMW or Audi.
I suppose you get some virtue points for buying Tesla. 55K seems a lot of pay for it.
Brooks on Trump
He's mostly right. It does seem like Trump's "crazy" is now at least partially by design. Sort of a "bad cop" routine that serves as a distraction to his political enemies, while his other hand is competently putting into place policies he was elected to do.
He's mostly right. It does seem like Trump's "crazy" is now at least partially by design. Sort of a "bad cop" routine that serves as a distraction to his political enemies, while his other hand is competently putting into place policies he was elected to do.
I'm With Them
French artists defend men's right to hit on women.
As Woody Allen says at the end of Hollywood Ending, "Thank God for the French."
French artists defend men's right to hit on women.
As Woody Allen says at the end of Hollywood Ending, "Thank God for the French."
Monday, January 08, 2018
Aspirational Faith
I believe this article pertains to writing. But maybe that's me seeing something that isn't there.
I believe this article pertains to writing. But maybe that's me seeing something that isn't there.
Weird
Damore files discrimination lawsuit against Google.
It's no secret being a Republican in certain industries is frowned upon.
Damore files discrimination lawsuit against Google.
It's no secret being a Republican in certain industries is frowned upon.
Thursday, January 04, 2018
Tuesday, January 02, 2018
Insanity
A sports columnist compares Jimmy G's last five games with the Niners (2017) to Colin K's last five games with the Niners (2016).
A sports columnist compares Jimmy G's last five games with the Niners (2017) to Colin K's last five games with the Niners (2016).
When the team and the coaching was great, so was Kaepernick. And when the team had given up on him and on themselves, he was still pretty damned good. It’s insulting to pretend like the 49ers were the Browns or the Texans, suffering mercilessly while bad quarterbacks cycled through their starting lineup like the world’s crappiest parade. They needed better general managing and a real head coach, not a new QB.Somehow he neglected to mention Jimmy G's record was 5-0 and Colin K's record was 0-5. But who really cares about wins and losses, right?
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