Ajit
propertyajit.bsky.social
Ajit
@propertyajit.bsky.social
AI, Econ, Stats and Maths
Reposted by Ajit
As Chirag says: more supply means more effective redistribution.

A family given a housing voucher in a supply constrained market often never finds a home.
March 25, 2025 at 6:24 PM
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Mt. Fuji from Hatagaya Station in Tokyo on the Keio Line. Taken with a telephoto lens by Kenji Suzuki of the Sankei. More photos in the gallery in the link. www.sankei.com/article/2025...
January 14, 2025 at 12:37 PM
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2025 in a nutshell…
January 15, 2025 at 5:03 AM
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Major 1990s witches:

Hocus Pocus
Practical Magic
Charmed
Sabrina The Teenage Witch
Blair Witch Project
The Craft
Why were witches so big in 1990s pop culture?
January 15, 2025 at 11:36 AM
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Wushan Cross-ridge Historical Trail.

#TamsuiKavalanHistoricalTrails #Taiwan
January 15, 2025 at 2:36 AM
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The city of Kyoto plans to raise the accommodation tax to a maximum ¥10,000 per night — the highest in Japan — to improve city infrastructure and mitigate crowds.
Kyoto to raise accommodation tax to a maximum ¥10,000 per night
The collected money under the new plan would be used to improve infrastructure in the city, such as increasing public transportation.
buff.ly
January 15, 2025 at 1:08 PM
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New paper! Now in press at Cognition:

Experimental evidence that exerting effort increases meaning

Check out @aidanvcampbell.bsky.social's new paper. This was a real effort...and boy was it meaningful (especially now that it was accepted!). Check out the preprint here: osf.io/preprints/ps...
January 14, 2025 at 1:08 AM
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According to Bloomberg, in November new-home prices dropped 0.2% month on month, the smallest decrease in 17 months, and 6.1% year on year. Existing-home prices fell 0.35% month on month, the least since May 2023, and 8.5% year on year.

www.bloomberg.com/news/article...
China Home Prices Fall at Slower Pace in ‘Fragile’ Recovery
China’s home-price declines eased for a third month in November, suggesting values are beginning to stabilize as policymakers step up efforts to end the property slump.
www.bloomberg.com
December 16, 2024 at 3:26 AM
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The truth is 2025 is a year where Databricks can raise more money than OpenAI whuke having a valuation of almost 1/3.

Before going public, Databricks is close to finalizing a $9.5 billion round. This is what a generational company looks like.

This is 3 billion more than OpenAI's round.
December 14, 2024 at 12:12 PM
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me and my reply guys being criticized for not being the types to point a gun at a ceo
December 11, 2024 at 2:30 AM
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Probably the most compelling evidence I've seen for some sort of fiscal theory of the price level

cc @anthonyleezhang.bsky.social

ht x.com/AlecStapp/st...
December 10, 2024 at 1:57 AM
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New post: My substack is back, finally!

I meant to keep this to 1,000 words but I failed.

In any case, here's a round up of 5 major medical breakthroughs in 2024.
Five medical breakthroughs in 2024
It's December, and time for a retrospective on some breakthroughs in medical innovation this year.
www.scientificdiscovery.dev
December 9, 2024 at 2:22 PM
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this is indeed a good conversation
December 8, 2024 at 10:49 PM
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I built a tiny JS library providing async alternatives to the alert() and confirm() and prompt() simonwillison.net/2024/Dec/7/p...

await Prompts.alert("alert message");
const confirmedBoolean = await Prompts.confirm("Proceed?");
const name = await Prompts.prompt("Enter your name");
December 7, 2024 at 8:46 PM
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Uh?
December 8, 2024 at 2:59 AM
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Return-work-mandates are an invisible pay cut

Great column from @crampell.bsky.social

www.washingtonpost.com/opinions/202...
December 7, 2024 at 12:38 AM
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In terms of mobility, e-bikes are selling faster & having bigger effects on emissions than EVs, much less self-driving EVs. And yet they get vastly, vastly less attention.

www.fastcompany.com/90994141/why...
Why 2023 was the year of the e-bike and not the self-driving car
E-bikes and self-driving cars both entered the year with momentum. Only one maintained it.
www.fastcompany.com
December 4, 2024 at 7:58 PM
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Fair point facts. #memefacts
December 4, 2024 at 8:49 PM
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ROK media reports that most Cabinet members at the meeting before Yoon's martial law declaration expressed strong concerns and opposition.

Below is a list of ministers who attended, those who didn't, and their reactions to Yoon's decision.
www.joongang.co.kr/article/2529...
December 5, 2024 at 1:19 AM
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I think we could agree that, yes, “common sense reform” means “don’t do radical change.”

I think going for radical change is a road to backlash and disaster.
@nathanjrobinson.bsky.social thoroughly eviscerates the centrist "logic" [sic] of @mattyglesias.bsky.social and, by extension, much of elite-coddled centrist punditry. Mouthpieces like Yglesias exist not to actually enact "common sense" reform but to prevent radical change in a dysfunctional system.
The opinions of Matt Yglesias have been even more irritating than usual lately, so I have written a careful explanation of what makes his work so consistently wrong. His ignorant, callous, smug commentary should be permanently ignored. www.currentaffairs.org/news/the-opi...
December 4, 2024 at 11:01 PM
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In #JapaneseFolklore ippondatara is a #yokai with one thick leg and one eye. It lives alone in the mountains of Japan, hopping about doing somersaults and leaving footprints in the snow. On December 20th only, it becomes violent and will squash anyone in its path flat with its...
#WyrdWednesday
1/2
December 4, 2024 at 2:09 PM
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Korean kids don't even get a coup day off
Ministry of Education has decided not to close the schools (massive eyeroll)
December 3, 2024 at 4:39 PM