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Cake day: June 2nd, 2023

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  • While you are not wrong about these different specialities within the trade, there can still be an effect. Let me illustrate:

    Suppose you like bananas but not apples. One day there is an apple disease that kills most of the apple trees leading to a collapse of the apple market. You feel relieved because you don’t eat bananas anyways. But you go to the supermarket and find that not only are the apple shelves empty, the banana shelves are empty too! Why? Well people still gotta eat, and not everyone is as picky as you, they switched to bananas and now the banana market is under supplied too. And it’s not like you can build a banana farm overnight.

    Back to electricians, if the salaries of data center electricians increases rapidly, you will find that those electricians who are qualified for both (even if it is just a very small number) might focus on data centres, straining the supply of residential electricians. Just like with banana orchards, it takes time for new electricians to enter the market, and those new hires will further be swayed to the data center specialty first, further straining the residential market.

    We can see a real example of this with the price of RAM. RAM manufacturers saw increased demand for data centre RAM so they switched focus to that market and it ended up drying out the consumer side supply, hence the surge in price. And just as with banana plantations and electricians, you can’t start up a RAM fab overnight.





  • “Selfish” would be a situation where sufficient community exists that cooperation is at all possible. I think most preppers will simply tell you that they are expecting and prepping for complete collapse. As in, like it or not, “every man for themselves” would come to them, not them seeking it out.

    In other words, without arguing why a “every man for themselves” situation can’t or will never happen, the rest of your argument becomes irrelevant.

    Now that question is fascinating. Haiti comes to mind as an example scenario. Are community-skills relevant in the face of roaming gangs and anarchy? I think that depends on how desperate these gangs are for immediate versus long term survival and planning. I’m also not sure Haiti is an exhaustive example of the types of societal collapse that are possible or likely.




  • The amortization length affects proportion of principle paid down, but it doesn’t eliminate it entirely. At the same interest rate, you end up having paid more in interest at maturity of a longer amortization, yes. In practice, this can be mostly mitigated by negotiating a lower rate, or negotiating and exercising prepayment privileges.

    More importantly, with a mortgage, ownership of the property is yours entirely, from day one, not the lenders’. What you owe is cash, not the property. The property is merely collateral in the event of default of payment.

    BTW, multi generational loan agreements are not new. They are somewhat common historically and in other places of the world. For the same reason that multigenerational housing is the historical norm.