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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

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Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    1. Star Simpson‏ @starsandrobots Oct 6
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      Something I assumed would make more sense as I got older but still doesn’t really; buying a house as a method of building wealth. I get that it works, and I think largely how, but it still seems strange that our society is *so* focused on encouraging people doing this.

      30 replies 13 retweets 141 likes
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    2. Star Simpson‏ @starsandrobots Oct 6
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      It’s like a bank account.. that you also live in. Like it kind of gnaws at me trying to answer: how is this different from stories I grew up hearing about a Pacific society that apportioned wealth by agreeing on fractional ownership of large immovable boulders?

      7 replies 1 retweet 46 likes
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    3. Star Simpson‏ @starsandrobots Oct 6
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      How many things would be different in a society where “homeowner” wasn’t a status/achievement, and instead, living in something comfortable and cozy was fine and average and not particularly noteworthy. To borrow language from tech’s brethren; how much GDP would it unlock?

      9 replies 15 retweets 59 likes
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      Venkatesh Rao‏ @vgr Oct 6
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      Replying to @starsandrobots

      https://medium.com/@byrnehobart/the-30-year-mortgage-is-an-intrinsically-toxic-product-200c901746a …

      7:09 AM - 6 Oct 2020
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      • threat level fuschia Divia Eden 🫀🪓 Gordon Brander Nick Parker Agam Omar Jarjur logan 🦔 Matt Hackett
      2 replies 1 retweet 11 likes
        1. Star Simpson‏ @starsandrobots Oct 6
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          Replying to @vgr

          Wow thanks, this essay is perfect at explaining the factors of concern.pic.twitter.com/y4xbUfEjU3

          0 replies 0 retweets 7 likes
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        1. Arkadiy Kukarkin‏ @parkan Oct 6
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          Replying to @vgr @starsandrobots

          this is a mostly solid economic analysis but it ignores legal and psychological advantages of home ownership, the ability to modify your space to your needs, etc coupling those with the investment vehicle is a huge problem

          0 replies 0 retweets 0 likes
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