Buying vs Saving Economic Theory
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@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
Is it because they simply can't, because lack of time and finances? I suppose, but we look at how much the population has already congregated at the coasts, I think it would get even worse in a situation where you go anywhere because there would be little to nothing holding you down.
People are concentrated in cities, which are sometimes on the coast. In Europe they are not. Almost no one is tied away from the coasts today, anyone living away from a coast does so against their personal financial interests (nearly so.) Take you for example, if you moved to the coast you could make more money. It isn't your job holding you back from moving. Same for essentially everyone not already at a coast. The coasts have all of the jobs (with Chicago being considered a coastal city.)
I don't agree with this. My standard of living would be much lower if I moved coastal. Sure I could probably make more money, but live in a much smaller house, like 75% smaller, and be crowded, etc. While there would be a few gains, I don't think they outweigh the costs to me personally.
For most people, the gains are significant. And bigger house than is useful I think most people would think would lower the quality of life - more to clean, more to deal with. Big enough, yes, you want that. But on the coast salaries basically double or triple (just in big generalities.) But my point was that there is nothing in your career holding you away from the coast. It is that you don't WANT to live on the coast that makes you not live there. Are you suggesting that your desire to live there would change if you didn't have to work? Why, if making more money alone woudln't have done it, it seems that simply not needing to work would be less effective in convincing you to move.
Oh but it does. Because while I don't agree with the double or triple in salary, working is what keeps my wife where she is. She likes her job - Heck @wirestyle22 said the same about his future wife. She loves her job and likely will never move from the state because of it. If both were suddenly jobless and not worried about money, the next thing to consider would be being close to family. For me personally, I have no family other than my wife to be concerned with (they moved away years ago).
As for house - granted I don't need a 4,000 sqft home to be happy, but 2500 is a near requirement. And in coastal areas that much house typically cost double or triple what mine does. And if it's anywhere near a beach (say within 1 mile) it's probably 10x as much. So the next question is what are my other gains for moving to a coast? If you move to the right area you can get a fairly mild climate, OK that's a plus, but population crowding in big cities is a huge negative. Large cities often have more services for the niche, so that's a plus.
I guess I'd like to know what additional pluses you think are there?
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@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
The cost of the top tourists spots, say the Colosseum and Louvre, would go up to keep crowds down while places like the central Texas Gulf Coast that sees zero tourism today would get busier. Tourism would change, naturally, as top places got more expensive and more places stepped in to fill the vacuum.
Those places are already cheap today - why aren't people going there now? and why would they suddenly want to start going there in the future?
Supply and demand. People don't have the time or money to vacation AT ALL. Cheap is relative. Why are YOU not on the beach right now? It's free in most of the world. So why have you chosen to be at work instead? I think that your answer will explain everything to you.
Italy is 90% barren coast. You want beach, you can go there and have a thousand miles of it in Italy to yourself. Same in Texas.
Whole amazing hill towns are abandoned. Places your die to live in they are so beautiful. But no local jobs, so no one lives there.
See how people not needing to be at work changes everything?
yeah i got there before your post with the end of mine.
Of course it creates whole new problems, like people want to live there now, so now new infrastructures will need to be created to enable it.
Why would more people move to the coast when currently more people are stuck on the coast than want to be there? Wouldn't it create a migration away from the coast once there is no need to be stuck in big cities with high costs? Lots of people like city living and will stay. But tonnes and tonnes that have to do it today for work and careers will head for wide open country - be in small villages, a farm, a mountain cabin or an Italian hill top. I would expect a massive de-urbanization given that most urban habitation exists for work purposes alone.
OK that's true - but I don't know how mass it would really be. But there would definitely be some.
And as discussed earlier, that would create a whole set of situations to resolve - like more roads, more grocery stores, often having fewer choices - either that or no grocery stores and everything is delivery based.
etc. -
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
Of course, how do you handle the transition of the current middle class, or even the wealthy - i.e. the beach houses, etc... you're putting 98% all on the same level, most of those awesome places to live would have to be completely redone, or they would simply be vacant - but you still have the rare resource of beach front property, other than the 2% who will probably get more than the 98%, how do you decide who gets to be at the ocean and who doesn't?
Yes we've moved away from the economy discussion, perhaps this post needs to be in your new thread?
People still GET to work. Anyone who wants to contribute can do so. That will create the classes. It's that we take the bottom class and make it pretty attractive. Think Star Trek world.
No one is blocked from working, just no one has to.
Now this is interesting... So, if a person wants to work for a company they can - but what if that employee is bad for the company? it's no different than today in a lot of ways, only now that person has potential mental issues because - but that was true even before they wanted to work there... so...
rambling thought is all.
Yes, did you think that it was going to be a crime to attempt to work? Not so at all, it's just that everyone gets baseline money so that no one HAS to work.
No not a crime to attempt to work.. a neglect of those who want to so they can be part of the 2%, but aren't good enough.
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@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
Of course, how do you handle the transition of the current middle class, or even the wealthy - i.e. the beach houses, etc... you're putting 98% all on the same level, most of those awesome places to live would have to be completely redone, or they would simply be vacant - but you still have the rare resource of beach front property, other than the 2% who will probably get more than the 98%, how do you decide who gets to be at the ocean and who doesn't?
Yes we've moved away from the economy discussion, perhaps this post needs to be in your new thread?
People still GET to work. Anyone who wants to contribute can do so. That will create the classes. It's that we take the bottom class and make it pretty attractive. Think Star Trek world.
No one is blocked from working, just no one has to.
Now this is interesting... So, if a person wants to work for a company they can - but what if that employee is bad for the company? it's no different than today in a lot of ways, only now that person has potential mental issues because - but that was true even before they wanted to work there... so...
rambling thought is all.
Yes, did you think that it was going to be a crime to attempt to work? Not so at all, it's just that everyone gets baseline money so that no one HAS to work.
No not a crime to attempt to work.. a neglect of those who want to so they can be part of the 2%, but aren't good enough.
But there won't be a desire by people to be in the 2% is, I think, what Scott is getting at. Some people get psychological rewards for working and would be paid for their time in addition to the base income everyone else gets. There would still be a gap but the people who desire to move up will and those that want to pursue other endeavors now have the ability and freedom to do that.
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@coliver said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
Of course, how do you handle the transition of the current middle class, or even the wealthy - i.e. the beach houses, etc... you're putting 98% all on the same level, most of those awesome places to live would have to be completely redone, or they would simply be vacant - but you still have the rare resource of beach front property, other than the 2% who will probably get more than the 98%, how do you decide who gets to be at the ocean and who doesn't?
Yes we've moved away from the economy discussion, perhaps this post needs to be in your new thread?
People still GET to work. Anyone who wants to contribute can do so. That will create the classes. It's that we take the bottom class and make it pretty attractive. Think Star Trek world.
No one is blocked from working, just no one has to.
Now this is interesting... So, if a person wants to work for a company they can - but what if that employee is bad for the company? it's no different than today in a lot of ways, only now that person has potential mental issues because - but that was true even before they wanted to work there... so...
rambling thought is all.
Yes, did you think that it was going to be a crime to attempt to work? Not so at all, it's just that everyone gets baseline money so that no one HAS to work.
No not a crime to attempt to work.. a neglect of those who want to so they can be part of the 2%, but aren't good enough.
But there won't be a desire by people to be in the 2% is, I think, what Scott is getting at. Some people get psychological rewards for working and would be paid for their time in addition to the base income everyone else gets. There would still be a gap but the people who desire to move up will and those that want to pursue other endeavors now have the ability and freedom to do that.
What I'm saying is that what if you @coliver wants to move up - but all companies find you wanting - so they won't hire you - granted, that's no different from today - I was simply asking the question.
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@Dashrender said in Buying vs Saving Economic Theory:
@coliver said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
Of course, how do you handle the transition of the current middle class, or even the wealthy - i.e. the beach houses, etc... you're putting 98% all on the same level, most of those awesome places to live would have to be completely redone, or they would simply be vacant - but you still have the rare resource of beach front property, other than the 2% who will probably get more than the 98%, how do you decide who gets to be at the ocean and who doesn't?
Yes we've moved away from the economy discussion, perhaps this post needs to be in your new thread?
People still GET to work. Anyone who wants to contribute can do so. That will create the classes. It's that we take the bottom class and make it pretty attractive. Think Star Trek world.
No one is blocked from working, just no one has to.
Now this is interesting... So, if a person wants to work for a company they can - but what if that employee is bad for the company? it's no different than today in a lot of ways, only now that person has potential mental issues because - but that was true even before they wanted to work there... so...
rambling thought is all.
Yes, did you think that it was going to be a crime to attempt to work? Not so at all, it's just that everyone gets baseline money so that no one HAS to work.
No not a crime to attempt to work.. a neglect of those who want to so they can be part of the 2%, but aren't good enough.
But there won't be a desire by people to be in the 2% is, I think, what Scott is getting at. Some people get psychological rewards for working and would be paid for their time in addition to the base income everyone else gets. There would still be a gap but the people who desire to move up will and those that want to pursue other endeavors now have the ability and freedom to do that.
What I'm saying is that what if you @coliver wants to move up - but all companies find you wanting - so they won't hire you - granted, that's no different from today - I was simply asking the question.
Same as today, except logically better. Companies wouldn't have the massive resource pool, necessarily, that they can pull from today. So they would be offering every training incentive under the sun to get someone, who wants to work, to work for them. Of course the job market would be significantly different. Most labour tasks that we have today would be automated so the majority of jobs would be knowledge worker related.
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@scottalanmiller said in Buying vs Saving Economic Theory:
@DustinB3403 said in old MSP wants to know what they did wrong:
@Mike-Davis and what exactly is wrong with WEP?!
(sarcasm boys)
That's all that they have here on Sicily where we are
What? Over 95% of WLAN in Sicily is WPA2, from my experience.
You must have met some of the 5% outdated/misconfigured stuff.
New provider's WLAN setup for consumer are ALL WPA2 and they have been WPA2 for years. Every public structure have WPA2 for sure. Every public university in Italy is part of EduRoam, so is WPA2 enterprise with RADIUS. -
@scottalanmiller said in Buying vs Saving Economic Theory:
@dafyre said in old MSP wants to know what they did wrong:
@scottalanmiller said in old MSP wants to know what they did wrong:
@dafyre said in old MSP wants to know what they did wrong:
@scottalanmiller said in old MSP wants to know what they did wrong:
@DustinB3403 said in old MSP wants to know what they did wrong:
@Mike-Davis and what exactly is wrong with WEP?!
(sarcasm boys)
That's all that they have here on Sicily where we are
O.o Can you VPN back somewhere else?
I'm not in China, the EU does not block VPNs.
VPN for traffic protection, it is, then.... But I mean seriously? The WiFi in Sicily can't use WPA ?
People don't tend to replace access points here. Equipment is expected to last decades.
What? I think I have ZERO equipment older than 5 years in any of the company I worked. And they are SMB, of course.
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@Francesco-Provino said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@dafyre said in old MSP wants to know what they did wrong:
@scottalanmiller said in old MSP wants to know what they did wrong:
@dafyre said in old MSP wants to know what they did wrong:
@scottalanmiller said in old MSP wants to know what they did wrong:
@DustinB3403 said in old MSP wants to know what they did wrong:
@Mike-Davis and what exactly is wrong with WEP?!
(sarcasm boys)
That's all that they have here on Sicily where we are
O.o Can you VPN back somewhere else?
I'm not in China, the EU does not block VPNs.
VPN for traffic protection, it is, then.... But I mean seriously? The WiFi in Sicily can't use WPA ?
People don't tend to replace access points here. Equipment is expected to last decades.
What? I think I have ZERO equipment older than 5 years in any of the company I worked. And they are SMB, of course.
Wow - you are lucky!
Some of my switches are 10 years old
servers x2 - 10 years old
server x1 - 6 years old
server x1 - 4 years old
printers - 12+ years old
wireless access recently replaced was 10 years old
etc. -
@wirestyle22 said in Buying vs Saving Economic Theory:
@scottalanmiller That's why they don't have a space program
That's hilarious, at least. ESA is probably the more active space company in the world, as of today.
We landed on a COMET two years ago, maybe you miss it…
I say "we" because I'm also a physicist :D.Oh, and many of the Chandra instruments were calibrated by my professor of astronomy in a facility that is 100mt away from our physics department… Chandra was a joint venture between NASA and ESA, maybe the biggest leap in the space knowledge in the last 30 years.
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@Dashrender said in Buying vs Saving Economic Theory:
@Francesco-Provino said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@dafyre said in old MSP wants to know what they did wrong:
@scottalanmiller said in old MSP wants to know what they did wrong:
@dafyre said in old MSP wants to know what they did wrong:
@scottalanmiller said in old MSP wants to know what they did wrong:
@DustinB3403 said in old MSP wants to know what they did wrong:
@Mike-Davis and what exactly is wrong with WEP?!
(sarcasm boys)
That's all that they have here on Sicily where we are
O.o Can you VPN back somewhere else?
I'm not in China, the EU does not block VPNs.
VPN for traffic protection, it is, then.... But I mean seriously? The WiFi in Sicily can't use WPA ?
People don't tend to replace access points here. Equipment is expected to last decades.
What? I think I have ZERO equipment older than 5 years in any of the company I worked. And they are SMB, of course.
Wow - you are lucky!
Some of my switches are 10 years old
servers x2 - 10 years old
server x1 - 6 years old
server x1 - 4 years old
printers - 12+ years old
wireless access recently replaced was 10 years old
etc.We have standardized everything to IBM x3550M4 (3 years old), Cisco SMB stuff, Ubiquity ER8 and HP z230/240. Our refresh cycle is 5 years, if nothing broke first… I'm just thinking about refresh a couple of old HP DL380 G7.
Oh, and a P3600 is just arrived from Germany, to replace one of our 5-years-old DS3500 SAN (switching to local storage, yay!).
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@DustinB3403 said in Buying vs Saving Economic Theory:
@scottalanmiller said in old MSP wants to know what they did wrong:
@DustinB3403 said in old MSP wants to know what they did wrong:
If you're never replacing things with newer better solutions there is an underlying issue.
That's a very American sentiment. They don't replace their houses for hundreds of years... because they build them to last the first time.
I did say better solutions. If the house they built is the best solution then fine. But don't complain about WEP and say things like "they don't replace things as they expect them to last decades" and then be snarky when someone comments on the economy of a country based on what you've said of the same country.
Buying new goods on a regular basis, creates a healthy economy. Not doing so contributes to the financial collapse that Italy just had.
Collapse? Maybe you are referring to the Greek's crisis!
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@Francesco-Provino said in Buying vs Saving Economic Theory:
@wirestyle22 said in Buying vs Saving Economic Theory:
@scottalanmiller That's why they don't have a space program
That's hilarious, at least. ESA is probably the more active space company in the world, as of today.
We landed on a COMET two years ago, maybe you miss it…
I say "we" because I'm also a physicist :D.Oh, and many of the Chandra instruments were calibrated by my professor of astronomy in a facility that is 100mt away from our physics department… Chandra was a joint venture between NASA and ESA, maybe the biggest leap in the space knowledge in the last 30 years.
My comment explaining that this was a reference to Dana Carvey was moved to another thread
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@Francesco-Provino said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
@Francesco-Provino said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@dafyre said in old MSP wants to know what they did wrong:
@scottalanmiller said in old MSP wants to know what they did wrong:
@dafyre said in old MSP wants to know what they did wrong:
@scottalanmiller said in old MSP wants to know what they did wrong:
@DustinB3403 said in old MSP wants to know what they did wrong:
@Mike-Davis and what exactly is wrong with WEP?!
(sarcasm boys)
That's all that they have here on Sicily where we are
O.o Can you VPN back somewhere else?
I'm not in China, the EU does not block VPNs.
VPN for traffic protection, it is, then.... But I mean seriously? The WiFi in Sicily can't use WPA ?
People don't tend to replace access points here. Equipment is expected to last decades.
What? I think I have ZERO equipment older than 5 years in any of the company I worked. And they are SMB, of course.
Wow - you are lucky!
Some of my switches are 10 years old
servers x2 - 10 years old
server x1 - 6 years old
server x1 - 4 years old
printers - 12+ years old
wireless access recently replaced was 10 years old
etc.We have standardized everything to IBM x3550M4 (3 years old), Cisco SMB stuff, Ubiquity ER8 and HP z230/240. Our refresh cycle is 5 years, if nothing broke first… I'm just thinking about refresh a couple of old HP DL380 G7.
Oh, and a P3600 is just arrived from Germany, to replace one of our 5-years-old DS3500 SAN (switching to local storage, yay!).
Sure, but replacing for replacing sake is often a waste of money.
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Ok, I don't think the other post are talking about anything related to Sicily or Italy.
Maybe we haven't the shiny IT of the US, but it's still the second in UE (behind the UK), and we are the 8th economy in the world.
Maybe you're painting a situation that's away from reality…
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I have no clue what that state of the economy of Italy is, but I do recall hearing about how poor the internet infrastructure is there.
Not that I (as a US citizen) can say much.. in non cities, it's pretty horrible too.
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@Dashrender said in Buying vs Saving Economic Theory:
I have no clue what that state of the economy of Italy is, but I do recall hearing about how poor the internet infrastructure is there.
Not that I (as a US citizen) can say much.. in non cities, it's pretty horrible too.
In the little cities of Sicily is not that good (7-20Mbit ADSL), but we're going to get FTTC (50Mbit and up) this year in almost every city with >10k peoples. The big cities (>200k) are all already covered with FTTC, an the biggest one are already on full FTTH with connectivity up to 1Gbps.
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@Dashrender said in Buying vs Saving Economic Theory:
I have no clue what that state of the economy of Italy is, but I do recall hearing about how poor the internet infrastructure is there.
Not that I (as a US citizen) can say much.. in non cities, it's pretty horrible too.
In cities for the most part it is also pretty terrible.
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@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
@scottalanmiller said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
Of course, how do you handle the transition of the current middle class, or even the wealthy - i.e. the beach houses, etc... you're putting 98% all on the same level, most of those awesome places to live would have to be completely redone, or they would simply be vacant - but you still have the rare resource of beach front property, other than the 2% who will probably get more than the 98%, how do you decide who gets to be at the ocean and who doesn't?
Yes we've moved away from the economy discussion, perhaps this post needs to be in your new thread?
People still GET to work. Anyone who wants to contribute can do so. That will create the classes. It's that we take the bottom class and make it pretty attractive. Think Star Trek world.
No one is blocked from working, just no one has to.
Now this is interesting... So, if a person wants to work for a company they can - but what if that employee is bad for the company? it's no different than today in a lot of ways, only now that person has potential mental issues because - but that was true even before they wanted to work there... so...
rambling thought is all.
Yes, did you think that it was going to be a crime to attempt to work? Not so at all, it's just that everyone gets baseline money so that no one HAS to work.
No not a crime to attempt to work.. a neglect of those who want to so they can be part of the 2%, but aren't good enough.
They aren't a part of it today. They are more neglected now. So that's not a new problem.
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@coliver said in Buying vs Saving Economic Theory:
@Dashrender said in Buying vs Saving Economic Theory:
I have no clue what that state of the economy of Italy is, but I do recall hearing about how poor the internet infrastructure is there.
Not that I (as a US citizen) can say much.. in non cities, it's pretty horrible too.
In cities for the most part it is also pretty terrible.
So far the Internet is working fine here. And we are insanely remote.
