I agree that there is fat to be cut, as with a lot of the government. That said, hasn't it been pretty well documented that these areas that experience the riots have a drop in police presence after the fact and typically have worse conditions? I just think this will have insidious externalities that wouldn't help the way people intend it to.
Interesting news. I've heard that real estate prices haven't budged much and with the stock market remaining relatively strong, I wonder if we will see a corresponding rebound in rent sometime soon.
I think real estate will follow later. I've seen price cuts of $100-200K on the units that actually sell. Real estate is sticky - many people hold the line on price hoping that a buyer will come along later - and the economic crisis is just beginning to hit the sector of society that's a potential home-buyer in the Bay Area. There's also a fair bit of pent-up demand that sees this as a bargain-hunting opportunity and will still rush in - price won't drop significantly until those buyers have all bought or changed their minds.
Real estate here bottomed in 2010 after the 08-09 recession. It took about 2 years to make its way from profits to stock prices to layoffs to home prices.
I think real estate hasn't really moved because supply and demand moved together. Fewer people moving around means fewer sellers and fewer buyers. Hell, prices could even go up if the number of sellers shrinks by more than the number of buyers shrinks.
> “Here you are free to criticize the government as well as to fight fake news. We have a great startup and tech ecosystem, your company would be a perfect fit and I will open any doors for you!”
As if that's not the case in the US? Trump's threats don't hold any water and, if we're being honest, our legal restrictions on speech are less stringent than Germany's.
The US's restrictions on speech are indeed less stringent than in Germany.
However representatives could make a law that says communication platforms deemed to be significant parts of political communication need to not control the conversation.
The mood is going entirely in the other direction in Europe though, i.e. they want platforms to police speech even more. That's certainly true in Germany, also in France, and I'm sure other European countries.
There is no equivalent to the US when it comes to freedom of speech.
Yeah, but how many people come back to make a purchase after the site is back up? I don't think you can just extrapolate that 1 minute down equals $500k lost revenue.
I think I overall enjoy WFH, that said, my quality of life would be greatly improved if I lived in a larger home rather than my one bedroom apartment.
I've seen some people predict that a surge in home buying may follow the pandemic because people will realize how much better off they would have been in a larger space.
I will go ahead and move into a 2 bedroom in the next few months to allow me to have a more private office space.
You might as well go for vt at that point. It's the total global market. The USA is a massive portion of this anways, so it's just extra diversification.
> In today’s world, the physical store can no longer compete with the web’s infinite selection, but can still offer value in curation and presentation.
Could not agree more. I always feel like I'm taking a risk when ordering an item from Amazon, but never feel that way when shopping at say, Costco. I trust Costco's buyers to curate and vet the quality of a product for me.
