Matt Darling
@besttrousers.bsky.social
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besttrousers.bsky.social
They took this away from you.

("This" ="not really understanding what happened to the dinosaurs")
usili.bsky.social
As a fun reminder, the paper to come out with the first hard evidence that an asteroid killed the dinosaurs didn't come until 1980 *and* the Chicxulub crater wasn't officially identified as the source until 1990 (despite its discovery in 1978).
Reposted by Matt Darling
ddayen.bsky.social
So this is funny.
The administration just issued a rule slashing foreign agricultural worker wages. And to justify it, in a public filing, Trump's Labor Department alleges that Trump's immigration enforcement has devastated the Ag workforce and caused a "risk of supply shock-induced food shortages."
Trump Labor Department Says His Immigration Raids Are Causing a Food Crisis
In a filing in the Federal Register, the Labor Department argues there are “immediate dangers to the American food supply” due to a lack of migrant agricultural workers.
prospect.org
Reposted by Matt Darling
sadbusdriver.bsky.social
my contribution to @besttrousers.bsky.social discourse:

1) census contract rents in Brooklyn make sense given observed incomes
2) zillow asking rents give implausible implied levels of rent burdens
3) zillow does way worse at explaining rent:income in high immigrant counties; census does not
Reposted by Matt Darling
benglasner.bsky.social
We’ve got an extremely fun post coming out early tomorrow morning on Agglomerations.

Subscribe: agglomerations.substack.com
besttrousers.bsky.social
Thanks for helping me think through my board game, everyone!
Reposted by Matt Darling
manucleardevice.bsky.social
"This Whole Thing Smacks Of Gondor," i holler as i overturn my uncle's funeral pyre and turn the 4th Age of Man into the 4th Age of Shit
besttrousers.bsky.social
Dog ownership is endogenous.
faineg.bsky.social
Data indicates that dogs are considerably MORE likely to eat their owners after they die than cats are.

I like to periodically remind people of this
faineg.bsky.social
we spent thousands of years breeding dogs to like humans and collaborate with us - we have more of a “begrudging standoff between equals” thing going on with pigs

However to be fair dogs eat humans way more than most people know or want to know
besttrousers.bsky.social
40% share of growth. It's the difference from the previous quarter.
besttrousers.bsky.social
Also, it's not clear to me that the money wouldn't just be invested elsewhere in the no-AI counterfactual.
besttrousers.bsky.social
I think shape is just about the bins - here's mine with 20 and dropping the $0s. Looks the same?
besttrousers.bsky.social
> would be very curious to see the original code

Haha, you were more rigorous than me. I just did ~roughly the same analysis with excel filters.
besttrousers.bsky.social
I didn't drop the $0 rent places (my assumption was this is deals for friends/family. Obviously non-standard, but not clear if you should drop it).
besttrousers.bsky.social
> People live in housing, they don’t live in GPUs!

Not yet.
besttrousers.bsky.social
The thing that is important to remember about the housing bubble is that "housing" is like 1/5th of GDP.
nied.bsky.social
I think an advantage of being an elder millenial/X-ennial is that I remember the Great Recession but I also remember earlier problems like the .com bubble. The AI "boom" looks a lot more like the .com bubble than the housing bubble & will likely play out more like the former than the latter.
nied.bsky.social
I think the fact that AI has good real world uses probably wont save a lot of companies if the bubble pops though. Pets.com genuinely was a good idea (which is why we have Chewy now) but that didn't save it from getting killed when the .com bubble burst.
besttrousers.bsky.social
Totally buy that there's some price stickiness and equivalent quality units might have a few hundred dollars separating them. Just don't think it can get that far away from new rental market price.
besttrousers.bsky.social
(ie, renovated units will always be new listings)
besttrousers.bsky.social
Yeah, but I'd guess that is *mostly* about differences in unit quality more than sticky prices.
besttrousers.bsky.social
145 units are market rate/Brooklyn/3BR
besttrousers.bsky.social
One thing I think is funny about the discourse is that no one bats an eye at the $6000 number.

Like you can get a hotel room for $200/night!
besttrousers.bsky.social
Yeah - tenant data. There's a half dozen "0 rent" in the database (maybe renting from a friend/family member?).
Reposted by Matt Darling
aedwardslevy.bsky.social
I am once again asking people who encounter a poll to ask whether they have the necessary information to fully understand at a minimum a) who was surveyed and b) what they were asked