ambernightcrush
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3 years ago
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on: Housing is at the root of many of the rich world’s problems (2020)
Both Fannie and Freddie buy mortgages, but your description is much more stringent than in truth. Fannie buys from big banks, Freddie buys from thrift banks; both buy conforming loans(conforming to their standards) which is a large part of the home buying audience. In addition to that, the non-conforming loans that you listed e.g. FHA and VA. Those government-backed loans are for special populations. These mortgages are assembled into MBS and then sold to investors; the banks that originated the loans get their liquidity back.
ambernightcrush
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5 years ago
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on: Tech Workers Take to the Mountains, Bringing Silicon Valley with Them
You did mention racism but I would also say racism was a driving force since before white flight. The government precursors to Fannie mae and Freddie mac wouldn't back mortgages that banks created in redlined areas. And the precursor to HUD created segregated public housing, including in the west. The Federal government was pushing redlining and segregation in housing since at least the Great Depression. A lot of this is covered in "The Color of Law" by Richard Rothstein.
ambernightcrush
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5 years ago
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on: MacOS Catalina: Slow by Design?
ambernightcrush
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6 years ago
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on: Ask HN: What job can a “jack of all trades” look for?
the full quote goes: jack of all trades master of none but better than a master of one.
ambernightcrush
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6 years ago
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on: Sundar will be the CEO of both Google and Alphabet
Ballmer was good at business and running the day-to-day housekeeping. But his legacy will always be that of Windows 8, of Surface RT, of dismissing the iPhone; frankly he didn't understand enterprise customers either. He was never the visionary leader.
ambernightcrush
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6 years ago
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on: We ran the numbers, and there really is a pipeline problem in engineering hiring
What is labor discrimination?
ambernightcrush
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6 years ago
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on: Launch HN: Buy Me a Coffee (YC W19) – Give your audience a way to thank you
By connecting creative economy types online and across the globe with their audience so that they can more easily engage in transactions/commerce is the definition of "venture scale". The only thing that separates business from non-profit is the tax designation, and how much ROI you plan to make for yourself/funders/public.
ambernightcrush
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6 years ago
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on: The Mobility Trap: Why We'll Never Fix Congestion by Speeding Up Traffic
What's wrong is that there is no profit in selling real estate and housing at below market value, by definition. And in places like the bay, market rents are not affordable to an increasingly large population. Hence, the greedy perception. Developers are acting in self interest and the old system of financing predicated continuous wage growth.
ambernightcrush
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8 years ago
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on: Student loan programs are too expensive to forgive
A fellow MMTer!
ambernightcrush
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8 years ago
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on: What is Money? (1913)
Reading this a year ago changed my entire outlook on money and public debt for the better.
ambernightcrush
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8 years ago
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on: Amazon paid no US income taxes for 2017
The employees who get stock options, is the assumption here. Which of the warehouse runners have equity from Amazon?
