> > The expectation of deflation is deeply rooted in regular folks.
> > The expectation of deflation is deeply rooted in regular folks. Everyone is waiting to spend on large items, just not right now. > And this is exactly why some inflation (caused by QE and a falling yen) would be a good thing - delays in consumer spending are a classic pitfall of deflation. Waiting until house prices fall isn't a sign of deflation - it's a sign of overpriced housing. Especially compared with the rent yields, vs. rent yields elsewhere in the world (grandparent compared them to Seattle). And it's definitely a good thing - I'm part of the millennial generation, and one of our main issues is that we simply don't have the money to buy property (even to live in), because older people have more money saved up, so they can bid more, hence a bubble (this is what happened in Europe, I assume it's similar in Japan).
Posted by tomp on Nov 17, 2014, 9:53 AM
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- I had a similar random thought: Why don't we have a cloud company that does something opposite to what a Cloud company usually does.
- China is controlled by the government.
- > This means that business, at least to some extent, is forced to address real-world issues and work at a more local level.
- > Prohibition never works, and piracy is a reflection of an unmet need.
- Thanks, that's quite interesting.
- My experience is that people are getting increasingly isolated anyway, so VR is great in this regard for more and more people.
Raise real-world problems, find people facing the same issue, and discuss solutions.9,000 issues0 comments
hackernews (Housing)
I had a similar random thought: Why don't we have a cloud company that does something opposite to what a Cloud company usually does.
China is controlled by the government.
> This means that business, at least to some extent, is forced to address real-world issues and work at a more local level.
> Prohibition never works, and piracy is a reflection of an unmet need.
Thanks, that's quite interesting.
My experience is that people are getting increasingly isolated anyway, so VR is great in this regard for more and more people.
You misinterpreted the summary.
> The biggest unmet need is housing, and in most areas that is definitely supply constrained.
> > The expectation of deflation is deeply rooted in regular folks.
> > The expectation of deflation is deeply rooted in regular folks. Everyone is waiting to spend on large items, just not right now. > And this is exactly why some inflation (caused by QE and a falling yen) would be a good thing - delays in consumer spending are a classic pitfall of deflation. Waiting until house prices fall isn't a sign of deflation - it's a sign of overpriced housing. Especially compared with the rent yields, vs. rent yields elsewhere in the world (grandparent compared them to Seattle). And it's definitely a good thing - I'm part of the millennial generation, and one of our main issues is that we simply don't have the money to buy property (even to live in), because older people have more money saved up, so they can bid more, hence a bubble (this is what happened in Europe, I assume it's similar in Japan).
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