<rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>Hacker News: llamaimperative</title><link>https://news.ycombinator.com/user?id=llamaimperative</link><description>Hacker News RSS</description><docs>https://hnrss.org/</docs><generator>hnrss v2.1.1</generator><lastBuildDate>Thu, 11 Jun 2026 20:57:59 +0000</lastBuildDate><atom:link href="https://hnrss.org/user?id=llamaimperative" rel="self" type="application/rss+xml"></atom:link><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>Huh? Not sure I'm following.<p>The $/sqft of housing tends to go up as density increases... for the same reason as the article is suggesting: incomes are higher, so people can eat higher prices.</p>
]]></description><pubDate>Fri, 21 Mar 2025 18:24:40 +0000</pubDate><link>https://news.ycombinator.com/item?id=43439304</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43439304</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43439304</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>No, those policies only matter, definitionally, in so far as they actually affect the elasticity of supply. The elasticity of supply is what they measured and found it does not matter, ergo those policies (and all related hypothetical supply-elasticity-affecting forces) effectively do not matter relative to other factors (well, one factor in particular: income).</p>
]]></description><pubDate>Fri, 21 Mar 2025 15:18:02 +0000</pubDate><link>https://news.ycombinator.com/item?id=43436712</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43436712</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43436712</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>It's not "bad math." It is exactly what the article (and I) describe: real estate's prices are principally set by the local income levels.<p>If the market couldn't bear it, you'd have vacancy. But you do not.</p>
]]></description><pubDate>Fri, 21 Mar 2025 15:16:35 +0000</pubDate><link>https://news.ycombinator.com/item?id=43436696</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43436696</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43436696</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>> there is artificial scarcity up and down the chain with real estate<p>Which, according to this analysis, does not actually significantly affect prices relative to other factors.<p>I understand your theory and I intuitively don't find it "wrong" per se, but you're staring at an analysis that shows you otherwise. Your critique of it not factoring in things like policy is explicitly wrong: all of those factors are fully accounted for in the ultimate supply elasticity.<p>So if policy is accounted for (it is), and your theory doesn't hold, it's time to either come up with a different critique of the study or acknowledge it as clear evidence against your theory.</p>
]]></description><pubDate>Fri, 21 Mar 2025 09:35:03 +0000</pubDate><link>https://news.ycombinator.com/item?id=43433597</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43433597</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43433597</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>This is discussed elsewhere but "market prices" are a distribution of bids and asks. A buyer or seller can be on the high or low end of that distribution, which does not change the fact that the distribution itself moves up as local incomes go up.</p>
]]></description><pubDate>Fri, 21 Mar 2025 09:31:02 +0000</pubDate><link>https://news.ycombinator.com/item?id=43433567</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43433567</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43433567</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>Well, they <i>are</i> buying land because housing exists on land. As discussed elsewhere in the thread, if you make the housing upon that land more elastic (e.g. by loosening zoning restrictions), that elasticity pretty much immediately gets baked into the price of land itself.<p>This is so significant an effect that there is a highly lucrative business in simply buying low-density zoned land and going through the entitlements to turn it into a high-density zone. This does not just generate a free lunch for a developer to build more units on the same plot of land at the same price, <i>it makes the land instantly more expensive</i>.</p>
]]></description><pubDate>Fri, 21 Mar 2025 09:29:03 +0000</pubDate><link>https://news.ycombinator.com/item?id=43433554</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43433554</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43433554</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>Except that the order of events goes the other way</p>
]]></description><pubDate>Fri, 21 Mar 2025 09:26:20 +0000</pubDate><link>https://news.ycombinator.com/item?id=43433531</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43433531</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43433531</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>> Because for instance, you'll rent at 30%, but if there was honest market pressure (and lets face it, there isn't) why wouldn't someone else rent at 28%? Or 25%? etc.<p>They do! And then like all other markets, equilibrium is found, and that equilibrium point is what moves up as incomes move up.</p>
]]></description><pubDate>Thu, 20 Mar 2025 21:32:08 +0000</pubDate><link>https://news.ycombinator.com/item?id=43429228</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43429228</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43429228</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>Food, vehicles, and energy all have elastic supply. Higher prices induces more supply. This is not the case with land.</p>
]]></description><pubDate>Thu, 20 Mar 2025 18:30:00 +0000</pubDate><link>https://news.ycombinator.com/item?id=43427081</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43427081</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43427081</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>No, seriously. I am a landlord. How do I set rent? I ask myself: "How much do people around here earn?" And I set my price at ~30% of that.<p>I am currently selling a house. How do I set my price? I ask myself: "What salary would someone moving to this area likely be making?" And I set my price accordingly.<p>Literally none of the zoning laws are necessary. This method is how price is set in 100% of real estate transactions in 100% of localities, regardless of any other regulations.<p>FWIW I'm also an LVT zealot. Have you read Progress & Poverty yet?</p>
]]></description><pubDate>Thu, 20 Mar 2025 18:28:30 +0000</pubDate><link>https://news.ycombinator.com/item?id=43427064</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43427064</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43427064</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>> it itself is not the cause in the sense that income levels directly cause housing prices to go up.<p>It quite literally <i>is</i> directly the cause. The price of real estate in an area is overwhelmingly defined by the productivity of the local area.<p>Productivity goes up → income goes up → real estate prices go up.</p>
]]></description><pubDate>Thu, 20 Mar 2025 16:59:50 +0000</pubDate><link>https://news.ycombinator.com/item?id=43425750</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43425750</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43425750</guid></item><item><title><![CDATA[New comment by llamaimperative in "Tourist in US chained 'like Hannibal Lecter'"]]></title><description><![CDATA[
<p>It's not even that. Under the US Constitution <i>everyone</i>, citizen or not, illegal or not, desirable or not, has at least 1st Amendment and Due Process rights.</p>
]]></description><pubDate>Thu, 20 Mar 2025 13:48:36 +0000</pubDate><link>https://news.ycombinator.com/item?id=43423373</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43423373</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43423373</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>No no, you're misunderstanding. The study <i>did</i> factor locality-specific inputs like the ones you're describing. In fact they included <i>all</i> of them by measuring the <i>actual</i> realized supply production for each locale.<p>It's that those factors <i>don't appear to matter</i>.</p>
]]></description><pubDate>Thu, 20 Mar 2025 13:23:20 +0000</pubDate><link>https://news.ycombinator.com/item?id=43422948</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43422948</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43422948</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>1. Property tax is not land value tax, and "high property tax" does not behave <i>at all</i> like a quasi-land value tax even if land value is a component of the property tax.<p>2. No, it specifically makes sprawl very expensive relative to density, and economic decisions are largely made on a comparative basis. LVT makes it free to increase the density/productivity of your existing lot, while taking ownership of another lot (more area) introduces a huge new tax burden that you have to put to very productive use very quickly.<p>It's way, way cheaper to increase density than sprawl under LVT.</p>
]]></description><pubDate>Thu, 20 Mar 2025 00:54:16 +0000</pubDate><link>https://news.ycombinator.com/item?id=43418893</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43418893</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43418893</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>No, they specifically looked at <i>changes</i> in income. Incomes go up <i>before</i> housing prices go up.</p>
]]></description><pubDate>Thu, 20 Mar 2025 00:51:42 +0000</pubDate><link>https://news.ycombinator.com/item?id=43418872</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43418872</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43418872</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>All of which, they argue, ends up <i>not</i> predicting the movement of prices.<p>Meanwhile, simple income level does predict the movement of prices.</p>
]]></description><pubDate>Wed, 19 Mar 2025 23:03:02 +0000</pubDate><link>https://news.ycombinator.com/item?id=43418159</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43418159</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43418159</guid></item><item><title><![CDATA[New comment by llamaimperative in "Supply constraints do not explain house price, quantity growth across US cities"]]></title><description><![CDATA[
<p>No one in this thread is proposing that</p>
]]></description><pubDate>Wed, 19 Mar 2025 19:26:43 +0000</pubDate><link>https://news.ycombinator.com/item?id=43416310</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43416310</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43416310</guid></item><item><title><![CDATA[New comment by llamaimperative in "Crew-9 Returns to Earth"]]></title><description><![CDATA[
<p>The term you’re looking for is “impoundment.”<p>They impounded funding. That’s exactly what they’re doing and it’s exactly what’s illegal.<p>Glad you don’t dispute Congress’s Constitutional role though!</p>
]]></description><pubDate>Wed, 19 Mar 2025 19:24:51 +0000</pubDate><link>https://news.ycombinator.com/item?id=43416285</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43416285</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43416285</guid></item><item><title><![CDATA[New comment by llamaimperative in "Crew-9 Returns to Earth"]]></title><description><![CDATA[
<p>Congress controls the budget, it really is that simple.<p>If I believe USAID is full of waste, fraud, and abuse, I’m free to express that at the ballot box where I vote for a congressperson who wishes to vote on the next budget accordingly.<p>The executive has many dimensions of freedom with regard to federal agencies. “Existence of” and “funding of” are not among those dimensions of freedom.</p>
]]></description><pubDate>Wed, 19 Mar 2025 18:23:54 +0000</pubDate><link>https://news.ycombinator.com/item?id=43415588</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43415588</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43415588</guid></item><item><title><![CDATA[New comment by llamaimperative in "Crew-9 Returns to Earth"]]></title><description><![CDATA[
<p>True integrity is being a fan of someone no matter what they do or say, indefinitely into the future</p>
]]></description><pubDate>Wed, 19 Mar 2025 17:12:13 +0000</pubDate><link>https://news.ycombinator.com/item?id=43414688</link><dc:creator>llamaimperative</dc:creator><comments>https://news.ycombinator.com/item?id=43414688</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=43414688</guid></item></channel></rss>