For all the pride that South Korea has around its successes, how good of a society can it be, if it is an abject failure when it comes to repopulation?
Won't this just devolve into a "live to die another day" situation? Most likley just a few days later?
I feel super skeptical about these "billionaire survival" compounds because they are going to require a lot of work for survival (read: hired hands). And where are these hands going to come from? If SHTF won't their pilots, drivers, security details, maids, cooks, gardeners, maintenance/mechanics crews, etc abandon them to tend to their own families? Or are these billionaires finding orphans who have no allegiance to anyone but the billionaires? Not to mention this is going to require some kind of "military style" command to prevent mutiny and ensure compliance under the threat of force. Sure, the billionaires can bury themselves in a comfortable (even luxury) bunker eating dehydrated rations for many many years, but I think I'd rather die that point. They can hide out on their yachts for about week before they run out of diesel and food, and then crew commits a mutiny.
It all seems like a really stupid expensive LARP or Howard Hughes style paranoia. IMO if SHTF for real those bunkers are worthless.
Unlikely. There's a very high likelihood the house will have to be sold, either to pay off debts of the deceased (or bereaved), or because the children already have their own lives going, or because they don't want to assume the tax burden, or simply because each child wants their share to do with as they please.
>or sell it and buy a different house to live
This is what's going to happen. All of these property will be sold. A very small percentage will be assumed by the children because of the all issues mentioned above.
>Unless the housing supply increases this will just be a temporary thing.
The housing supply will increase dramatically in the next decade, not by building but by attrition.
More than 55% of all homes in America are owned by Silent Gens or Boomers[0]. That figure includes non-SFHs, of SFHs I've read they own >70% of (lost my source unfortunately). They are going to start dying of en masse within the next decade. That means A LOT of SFH are going to hit the market, all around the same time.
The share of millenials and genzers who are financially fit to even purchase a home are going to be far less than the amount of people who are dying.
For the non-believers, it's all written in the demographics. Unless we import a shit load of migrants who can also afford expensive real estate, or we print money so that institutions can buy these properties, the prices are going to sink like crazy.
Yeah, it's not super well executed by any means and its relegated to a very small section of the mall, but I still believe the idea is good and could be successful if nurtured correctly.
In San Bruno, CA a portion of the mall there is dedicated to small experiences for children (a miniature play town, a bounce room, etc). I've taken my toddler there and it was pretty fun.
Pure commoditized retail isn't going to cut it anymore. I think another component is that the rent is going to have to be very cheap in order to lower the bar to entry and encourage rapid innovations in this space. If I were Simon (or a similar property group), I might dedicate a certain percentage of my mall spaces to "incubate" these new ideas by offer cheap or nearly free rent.
>"players can make far more than that playing in leagues overseas"
THEN GO PLAY OVERSEAS!!!! Half of the people on HackerNews are immigrants to one country or another.
Why should we feel sympathy for this woman? People go overseas for better opportunities all the time. Why should I feel sympathy for her brining illegal drugs into Russia? She's can't follow the law there, so now America has to come break her out?
You need access to the software that runs those SOCs which is owned by Qualcomm. Qualcomm isn't just going to give the sourcecode of those SOCs for Google engineers to tinker around with it. It creates all kinds of crazy legal problems.
It's not just the main Android OS that needs to be patched, the chips have their own proprietary software too.
The problem is that after 3 years, most of those chips have gone EOL and QC wants to put their resources into developing new chips because that's where the revenue comes from (e.g. how they pay their employees). Meanwhile new security flaws keep getting discovered on EOL chips that provide zero new revenue.
So what do you want here? Do you want the break neck pace of innovation to continue which is ultimately very good for everyone? Or should we spend all of our time making sure your Apple IIc still has security patches for 2022? At some point you just have to move on and that's just the trade you make for all technology. You can't simultaneously benefit from this cycle and then bemoan it. If all we ever did was make security patches for your Commodore and AppleIIc you wouldn't have a Pixel3.
Never said knives were less dangerous than guns just that an assailant swinging a knife can do damage, but if your argument is that if get rid of guns we can get rid of mass killings, then may I direct your attention to the 86 people who were killed by a truck.
I remember reading some version of the story where he figured out what companies were on the rise by going through peoples trash. Like he would make note of what people were actually buying so he had an inside track.
So I work for a FAANG company and I worked on a tech partnership with Disney. To Disney's credit, they are INCREDIBLY understanding about the need for all families to have a good day at the park. They spend a lot of money on R&D for finding ways to track how many rides people have been on and what is the appropriate amount of time in between rides, etc etc.
One the technologies they were developing was to have a system monitor everyone's experiences and if they found someone who's experience metrics were too low they could send a cast member out to find the family and give them a skip the line pass or meal voucher. They also knew what was the most common hour for kids to have meltdowns and strategically send out juice/snack vendor carts out around that time. This is what just what they shared with us, so god knows what else they know.
IIRC they said 6 rides was the ideal number for a family to say they got their money's worth.
Not reeeeally though. Because no new inventory is being created. Because amount of usable square footage actually decreases, you technically end up with less housing than you started with.
You start with a house that comfortably fit a family of 5, to 3 condos that can only house 1 person comfortably.
>Agreed, I see this mostly as an expert-assist thing
Thats exactly what happened to the dental AI startup I mentioned. They started off with "we make dental care more efficient" essentially undermining the dentist, to "dentists, let us help you with your practice"
just a lot less (overt) slurs and slightly more intelligible formatting