Lightnews — Scholar-powered news

HouserDave @houserdave.bsky.social · 12h

Like I fully admit the privileges I have as a White dude, but beyond that I came from seriously downwardly mobile working class stock. I'm 100% hard earned bootstraps. I'm like legit offended by folks like her with every f*cking advantage & still f*cking it all up while sneering at everyone else.

1

HouserDave @houserdave.bsky.social · 17h

Jesus. I just went done the rabbit hole on her bio and entire thing screams lesser trustafarian.

1 5

HouserDave @houserdave.bsky.social · 1d

Tech CEOs showing those true colors. The Hippies were right: www.nytimes.com/2025/10/10/u...

Marc Benioff Says Trump Should Send Guard Troops to San Francisco

www.nytimes.com

4

HouserDave @houserdave.bsky.social · 2d

We get all hung up on zoning & permitting reform (which ARE important) but none of it really matters if credit (money) isn't available. Land, labor, capital.

1

HouserDave @houserdave.bsky.social · 2d

Then we got the mid-70s recession, Fed cut rates, cxn starts popped back up then crashed again when Volcker hacked rates in late 70s b/c persistent inflation was killing everything. And the cycles in 80s also related to credit conditions over the period.

1

HouserDave @houserdave.bsky.social · 2d

And it was all short lived as chart shows. Oil shock of 1973 imploded whole thing, inflation then further ripped it further and credit got major squeezed. Fed jacked rates to double digits in mid-70s.

1

HouserDave @houserdave.bsky.social · 2d

Historical statement regarding S&Ls and the thrift crisis of the mid-1980s.

1

HouserDave @houserdave.bsky.social · 2d

I forgot to note, I think some underlying fuel to all this besides Boomer household formation rates increasing and once credit eased is additional fuel from being period when the mass migration to Sunbelt was underway, including California. And pre-CEQA, California was a building boom state.

1 1

HouserDave @houserdave.bsky.social · 2d

This was the era when the securitization of home mortgages started to become a big thing as part of the same 1968 Federal reorg of Fannie into a private company.

Good read from the Fed itself at the time: fraser.stlouisfed.org/files/docs/p...

fraser.stlouisfed.org

1 1

HouserDave @houserdave.bsky.social · 2d

...when S&Ls implode and crash the real estate market but that's another story. (3) Regulatory changes allowed thrifts to loosen credit (higher LTVs & longer terms) and (4) Fannie Mae got quasi-privatized in 1968 & and by early 70s its volume of loan buying like doubled to tripled.

2 1

HouserDave @houserdave.bsky.social · 2d

...credit started to loosen up a lot in early 70s as rates came down. Also, savings at thrifts (S&Ls) increased dramatically (those new HHs all making money & putting it into the bank) which opened up major increased credit supply in for of lending activity. (We will revisit S&Ls in 10 years...)

1 1

HouserDave @houserdave.bsky.social · 2d

Major factors: (1) Baby Boom entered peak HOUSEHOLD formation age. Rate of HH formation increased 50%(!) in late 60s vs early 60s. Credit was tight in late 60s so cxn starts low in late 60s. (see the big dip down prior to early 70s) (2) This meant there was a pent up demand phase when...

1 2

Reposted by HouserDave

Sergio Perez @sergioperez.bsky.social · 3d

“The judge, a Reagan appointee, compared immigration agents to ‘cowardly desperados and the despised Ku Klux Klan’ and declared that federal efforts to deport outspoken protesters amounted to a ‘full-throated assault’ on freedom of speech.”

Charles Smith @profsmithsask.bsky.social · 3d

“ICE goes masked for a single reason — to terrorize Americans into quiescence"

Opinion | ‘ICE Goes Masked for a Single Reason’

www.nytimes.com

1 9 22

HouserDave @houserdave.bsky.social · 2d

Completely insane lunatics. www.usatoday.com/story/news/p...

Health Secretary Kennedy, Trump link circumcision to autism through Tylenol

Health Secretary Robert F. Kennedy Jr. noted boys who are circumcised have higher rates of autism, which he said could be a result of Tylenol.

www.usatoday.com

1

Reposted by HouserDave

Mayor Melanie Kebler @melaniekebler.bsky.social · 2d

When immigrants have no due process, none of us have due process.

www.wweek.com/news/2025/10...

Milwaukie Man Says ICE Abducted and Held Him for Hours Despite His Proving Citizenship

The case may be the first incidence of a documented Oregonian and U.S. citizen being swept up by ICE in an immigration raid.

www.wweek.com

6 150 340

HouserDave @houserdave.bsky.social · 3d

I live a 10 minute walk from Dimond Park. Hiking from there to Mt Diablo is...insane.

2

HouserDave @houserdave.bsky.social · 3d

$1.87 per 100 miles difference in CA per their model if you own a hybrid. I drive about 5,000 miles a year. So just under $100 a year savings in CA if I'm following it correctly. $400 if standard gas vs home charge. 🙄

1

HouserDave @houserdave.bsky.social · 3d

The Catholic Church's growth at this point is basically all in the non-white Global South. And in the U.S., I'd bet it's largely dependent on immigrants coming from the Global South.

HouserDave @houserdave.bsky.social · 4d

The mathing is good most places except CA; particularly bad if one is in PGE territory and your ICE is not a gas guzzler.

1 3

HouserDave @houserdave.bsky.social · 4d

Yes. The investor owned utilities in CA like PGE have captured their regulators and basically take the ratepayers for a ride. calmatters.org/economy/2025...

One reason your power bill is high: Baked-in profits that critics call excessive

Public utilities can collect hundreds of millions of dollars in profits directly through fees on electric bills. Critics say it's excessive

calmatters.org

2

HouserDave @houserdave.bsky.social · 4d

a close up of a person 's arm with the words stream tumblr on the bottom right

ALT: a close up of a person 's arm with the words stream tumblr on the bottom right

media.tenor.com

5

HouserDave @houserdave.bsky.social · 5d

Indeed. There are many good reasons to loathe Reagan's policies. But he wasn't fash. His language (and even actions) on just immigration were day & night from this. And when it comes to how the polity gets moved by leaders & language, that matters.

1 3

HouserDave @houserdave.bsky.social · 5d

*Correction: Closed Sept 2019: www.facebook.com/baiapasta?mi...

Baia pasta | Oakland CA

Baia pasta, Oakland. 1,581 likes · 130 were here. WE CLOSED THE BUSINESS ON SEPTEMBER 2019! THANKS FOR BUYING OUR PASTA IN ALL THESE YEARS. Arrivederc

www.facebook.com

HouserDave @houserdave.bsky.social · 5d

Yeah this. My blue state middle class butt hasn't touched the supermarket made in NJ stuff in over 10 years. And only bronze-cut domestic brand we found closed during Covid.

1 1

HouserDave @houserdave.bsky.social · 6d

If you want to have kids, don't wait until your 40s. Everything just gets way harder as a parent the older you start.

essencesimmone.blacksky.app @essencesimmone.blacksky.app · 9d

Those who are 35+, what advice do you have for people just entering their 30s?

1