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eigenrobot's profile
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@eigenrobot

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masquerobot

@eigenrobot

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Joined July 2013

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    1. Discount Dog Scuba‏ @ScubaForDogs Jun 13
      Replying to @eigenrobot

      hi I'm a machinist and I expect my government to regulate out of control markets that are hurting people, even if it makes rich people slightly less rich

      1 reply 0 retweets 10 likes
    2. masquerobot‏ @eigenrobot Jun 13
      Replying to @ScubaForDogs

      i agree that housing costs are much higher than they need to be and share your stated goal of fixing this problem i am only suggesting that your proposed solution will not lead to the end you desire and in fact will backfire Spectacularly, and poor people will bear the cost

      2 replies 0 retweets 33 likes
    3. masquerobot‏ @eigenrobot Jun 13
      Replying to @eigenrobot @ScubaForDogs

      i appreciate machinists and would never suppose i have any notion of how to do your work, most likely I would injure myself within twenty seconds of even viewing your tools in this light i am curious why you imagine you have special insight into optimal housing market design

      1 reply 0 retweets 1 like
    4. Discount Dog Scuba‏ @ScubaForDogs Jun 13
      Replying to @eigenrobot

      because if the things that I machine were constantly fucking up your life and the lives of millions of people around you, on a massive scale and in long-term ways, I wouldn't be surprised if you walked into my machine shop and said "you are doing something very wrong here"

      1 reply 0 retweets 1 like
    5. masquerobot‏ @eigenrobot Jun 13
      Replying to @ScubaForDogs

      and if you said: well, I would love to build a better machine; here are the forces preventing me from building this machine, and here are the reasons your proposed alternative will be even worse---

      1 reply 0 retweets 1 like
    6. Discount Dog Scuba‏ @ScubaForDogs Jun 13
      Replying to @eigenrobot

      I don't want to hear about why we can't do bold things, or that my idea is bad, in absence of a better idea. The argument against drastic application of rent control on basically all new development seems to be just "actually we have to keep doing it the way that doesn't work"

      1 reply 0 retweets 1 like
    7. Discount Dog Scuba‏ @ScubaForDogs Jun 13
      Replying to @ScubaForDogs @eigenrobot

      Tell me how we *significantly* reduce rents in a way that DOES NOT rely on good faith from rich people, and I'm all ears.

      1 reply 0 retweets 1 like
    8. masquerobot‏ @eigenrobot Jun 13
      Replying to @ScubaForDogs

      I think it's helpful to view rich people, or capitalists, or however you define these groups as cold machines that chase their own interest. If you set up a system where chasing that interest is beneficial to you, you don't have to trust them to do anything but be selfish.

      1 reply 0 retweets 0 likes
    9. masquerobot‏ @eigenrobot Jun 13
      Replying to @eigenrobot @ScubaForDogs

      In this case, you make it easier for them to build tons of dense housing in high-demand by removing laws that make this impossible. People are willing to pay for that housing; knowing they can make money by building and renting, capitalists build and rent. Now,

      1 reply 0 retweets 0 likes
    10. masquerobot‏ @eigenrobot Jun 13
      Replying to @eigenrobot @ScubaForDogs

      my *guess* is that your objection is something like: how does this reduce rents? Allow that landlords want to charge as much as they possibly can--I agree that they do, pretty generally! They'd take every penny from tenants if they could. All that's stopping them is competition

      1 reply 0 retweets 0 likes
      masquerobot‏ @eigenrobot Jun 13
      Replying to @eigenrobot @ScubaForDogs

      My gut is it's easy to miss this about markets: your main opponent is not your counterparty, often, but people who are competing with you for business I work at a big company. We think about two main things: how to make better stuff for consumers, and how to beat our competitors

      4:20 PM - 13 Jun 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. masquerobot‏ @eigenrobot Jun 13
          Replying to @eigenrobot @ScubaForDogs

          This is less true in less-competitive markets, and there are definitely companies that spend a lot of time shivving consumers. My old boss at the Federal Reserve called (eg) credit card companies "obfuscopolies," for instance. It's dark stuff. And . . .

          1 reply 0 retweets 0 likes
        3. masquerobot‏ @eigenrobot Jun 13
          Replying to @eigenrobot @ScubaForDogs

          by and large companies can only get away with that shit if they're not at risk of losing their customers to competitors. This happens with monopolies, and it happens when there are only a few companies that can collude. This definitely happens too, and in real estate to an extent

          1 reply 0 retweets 0 likes
        4. masquerobot‏ @eigenrobot Jun 13
          Replying to @eigenrobot @ScubaForDogs

          Certain cities that I will not mention have a really bad reputation for chummy collusion by asshole developers. FWIW neoclassical economists hate this and related shit, and if you here one accuse someone of being a "rent seeker" it's akin to saying "die in a fire"

          1 reply 0 retweets 0 likes
        5. masquerobot‏ @eigenrobot Jun 13
          Replying to @eigenrobot @ScubaForDogs

          I'm going on and on. The main point I'm trying to make is that if you have more than a handful of landlords (which is usually the case), increasing the number of units available relative to the number of people who wants units makes them compete *with each other* on price

          1 reply 0 retweets 0 likes
        6. masquerobot‏ @eigenrobot Jun 13
          Replying to @eigenrobot @ScubaForDogs

          The best way to lower prices and make things better for people who need housing is (i) let developers build lots of dense units near cities where they're wanted--and strict zoning laws prevent this; and (ii) make it easier for new developers to enter and compete

          1 reply 0 retweets 0 likes
        7. masquerobot‏ @eigenrobot Jun 13
          Replying to @eigenrobot @ScubaForDogs

          This has become an absurdly long thread and I will pause now, thank you for reading through. I hope at least that you get the impression we want the same outcome, and that at least people like me are thinking seriously about how to get there.

          0 replies 0 retweets 0 likes
        8. End of conversation

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