> I didn't get into programming for the money, it's just been a nice bonus.
Exactly the same for me! If kind of feel like an artist whose paintings are worth more more easily than a paint or music artist… But boy would I be poor if this art were worthless!
It's also such a weird claim, how the fuck are we going to be left behind when the skill level is just entering text in a box... a skill we literally do for our jobs..
I’m seeing vibe coding redefine what the product manager is doing. Specifically, adding solution execution to its existing strategy and decision making responsibilities. The PM puts solutions in front of a customer and sees what sticks, then hands over the concept to engineering to bake into the larger code base. The primary change here is no longer relying on interviews and research to make product decisions that engineering spends months building only to have flop when it hits market. The PM is being required to build and test dozens of solutions before anything makes its way to engineering resources. How engineering builds the overall solution is still under their control but the fit is validated before it hits their desk.
I think the next step is to realize that this kind of product manager role is one that more "engineers" should be willing to take on themselves. It's pretty clear why user interviews and research and product requirement docs are not obviously within the wheelhouse of technical people, but building lots of prototypes and getting feedback is a much better fit!
Couple things to add. First, rates are much lower when you’re leveraging 10,000 homes at 3:1. That allows you to purchase 20,000 additional homes, which isn’t something the normal individual can do. Second, most of this borrowing was done during the 0% interest days and when rates went up after Covid, a lot of the operations grinded to a halt. Third, there’s no regulatory environment for rent rates and rate increases.
> What interest rate do you think rich people are getting?
Depends how rich. Banks have long been known to offer below market or even zero interest loans to the richer segments in exchange for/in the hope of securing other business from them.
I worked with these firms for several years when the business concept was in its earlier stages. The money coming in to buy these homes quickly went from family offices (2013-2019) to state pension funds (2019-present) to sovereign funds (2020-present).
Things like the largest pension fund in Sweden is invested in buying SFR. Or the sovereign fund of the UAE.
I’m not sure if that changed your opinion on this not having practical benefit for the average American.
Seems silly to ignore that the last date in your list had an event closer to what OP is referring to than any other year, no? Considering he was already crying election fraud in 2016 you could certainly view this as a line with upwards slope…
Alrighty then, in a few years you can test your model’s accuracy against my prediction based on history and an understanding of how our laws and civics actually work.
If this is true, is it just the HN community that understands this? Otherwise, wouldn’t it make sense that the market understands this already and doesn’t fall for the hype? It doesn’t pass the smell test for me that it’s that transparent of a play for hype. What am I missing?
AI is real and it's also hyped. There's circular financing and real money involved. Groq has good tech and smart people and Nvidia is also taking a competitor off the board. People who only see one side have a lack of imagination.
There’s a NYT’s interview several months back where the journalist phrased it as in America, you have to prove success first to get funded. But in China, funding comes first and the successful companies emerge.
Which isn't at all accurate. Venture capital specifically exists to fund first, in the pursuit of success later - and the US has been by a dramatic margin the leader in doing that for the past ~60-70 years.
China has this process at the city state level. They can leverage their pegged currency to keep their citizen’s purchasing power lower than it should be to fund anything.
A downside is that their consumption economy is low, all their geo neighbors view them as a threat (reducing exports long term), and this contributes to high unemployment as productivity increases.
VC still requires startups to find themselves and prove something first. China basically has a program to do X and anyone can sign up to be a part of that program. All are funded and the winners emerge. I’m broadly generalizing that process but that’s not how VC approaches it.
So instead of "Come pitch us your varied and unique ideas and convince us how our investment will 1000x the returns" it's more like "we need this capability in this industry. Here is a pool of money for you to start figuring it out. We'll focus on the more successful companies over time until they can stand on their own and compete internationally."
I can't imagine why China is so dominant in so many areas when they explicitly plan and invest in capabilities they want to have instead of just relying on the market to "naturally" provide these capabilities or constantly relying on the same handful of inept and corrupt companies to deliver on national needs.
I think thats misunderstanding. China studied the US and learned from the US, the funding is almost the same way except the state funding has objectives other than returns. US has the best financial system, (well most effective and powerful). There is no way China can do better than the US, what we are seeing is that the objectives are very different.
Europe is like the US, money is owned by private but they are old money, not new tech billionaires, and does not take the risks as the US. In China, money is owned by the state, and they are willing to take the risks as the US. In this way, I think China is more similar to US than Europe.
Sure but isn’t allowing those company to pick and choose what industries they service a dangerous precedent? They’ve monopolized the consumer credit markets and as such, can use that weight to dictate competition in consumer markets.
Their point is it isn't just a couple companies arbitrarily making these decisions. It is a vast network of banks and merchant services companies.
Ideally, you could take your business elsewhere. The problem is providers that handle these industries will expect a premium across all transactions and it would come off badly when customers see that large percentage added to each purchase.
So you have the decision of: your customers pay a premium or you don't carry adult material. If all your business is adult, it's an easy choice. You pay the premium.
This activist organization is pressing them until they are forced to make that decision based on a small amount of their hosted content. This is what I see as likely. Admittedly though, there are not enough details given to say for sure.
Every problem or concern you raise will adapt to the next world because those things are valuable. These concerns are temporary, not permanent.