We’re not talking about grandpa and grandma renting out their extra home: Meet the Billionaire Investors Behind the US Housing Affordability Crisis

What brought you to Lemmy and are you on other social media platforms?

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It’s been this bad before? That’s funny too.

which makes a lot of them keep their old house when they move, and just rent it out.

Yeah, that’s not a thing:

Meet the Billionaire Investors Behind the US Housing Affordability Crisis

With roughly 800 billionaires in the U.S. with combined wealth of $6.2 trillion (and 2,781 billionaires globally with over $14.2 trillion), ultra-wealthy investors tend to diversify their holdings across multiple kinds of assets. A huge amount of this billionaire wealth is invested in property, land, and housing. Billions and possibly trillions of dollars are sucked into predatory investment practices and luxury housing schemes — where global billionaire investors park vast quantities of wealth in U.S markets.

This is not your grandparent’s gentrification, but rather a hyper-gentrification fueled by concentrated wealth driving up land and housing costs, expanding short-term rentals, and treating housing like a commodity to speculate on or a place to park wealth. The billionaires are displacing the millionaires, and the millionaires are disrupting the housing market for everyone else.

I think you misunderstood me, rentals should have more of limit on how much they can raise the rent, not that banks should get more money from homeowners. I guarantee that banks are making a shit ton of money or they wouldn’t do it.

It’s still a weird feeling when you’re 3 years later and everyone is complaining about their rent going up and yours is staying still. It kind of feels like cheating.

Congrats! You’re now going to find out that some of your expenses will go down. Your insurance specifically and that unless you take out another loan on the house or got a balloon loan, your monthly bill won’t change. It’s a fun thing to find out.

I thought tankie was for any government that used tanks on their own people? So many others should be included, China is missing, I think the Phillipines maybe? There’s more. I’m open to being corrected.

I’ve been hearing ads for AI writing code for companies, I bet that has something to do with this.

https://www.latimes.com/business/story/2023-12-19/google-to-pay-700-million-to-us-states-consumers-in-app-store-settlement

Could you recommend a tutorial to help me do that?

I think they’re having you agree to what they’ve already been doing.

Photoshop’s newest terms of service has users agree to allow Adobe access to their active projects for the purposes of “content moderation” and other various reasons.

They want you to give up the goods to train AI, old art is bad art to them. Also, this:

This has caused concern among professionals, as it means Adobe would have access to projects under NDA such as logos for unannounced games or other media projects. Sam Santala, the founder of Songhorn Studios noted the language of the terms on Twitter, calling out the company’s overreach.

I think they’ve already been doing this for awhile? They must be about to get caught or something. They want to use, and probably already are, your new ideas for training AI.

Thank you, I’ll look into it.

Floorp

That looks too good to be true, do you use it? I’ve been not as happy with Firefox lately. They keep a record of all my bookmark history and update so often it makes your head spin. I couldn’t tell if the updates are because they’re doing something or it’s so popular that they need to do that for security.

How does the metal detector work? I’ve never heard of a phone being able to do that.

Llama

Meta owns that, so it’s complicated.

Grok

Elon owns that one.

That’s a nah.

Yikes

Meta’s lead for Threads, Adam Mosseri, was head of Facebook’s News Feed and Interfaces departments during that long, warning-heavy lead-up to the genocide of the Rohingya in Myanmar. After the worst of the violence was over, Mosseri noted on a podcast that he’d lost some sleep over it.

I agree that some of what Evan characterised as Small Fedi isn’t about small for small’s sake, it’s more about the view you describe – what L. Rhodes calls “networked communities”. Of course, the consequences of this result in slower growth than the Big Fedi view, so a smaller network in the short-to-medium term, so from his perspective I can see why I chose this framing.

I can see why he chose it, but I still don’t agree with it. It’s not a forgone conclusion that it will end up small if someone doesn’t federate with threads. It’s still growing slower, but it could hit huge now that all of the kinks are getting worked out. One more x fuck up and tweak to mastodon that makes it more user friendly, it could take off. I think people are okay with it taking off, just on fediverse terms, not evil company terms.