You can protect yourself, but many won't be aware of the situation until it's too late, and institutionally managed funds won't be able to change their rules in time to avoid holding these as part of the index funds they hold.
I've only used cabs a few times, but it seemed to be the operators were both. They were squeezed deep into the economic margins, and they were also often terrible to their passengers.
Same for Uber/Lyft, but they really tried to earn a good review while still providing a pretty unpleasant experience.
People seem to have very strong feelings about the subject (myself included), and some seem to think there's only one correct conclusion.
Renting an apartment and owning a home have so many differences that it doesn't make much sense to compare the two.
Many people seem to assume they'll be moving every few years, but if you want to stay in the same place for life the equation looks very different. I hope to be done paying the mortgage around the same time I'm too old to work for a living, and if that lines up it's a pretty big win on the own instead of renting side.
You may not be able to properly let dollar cost averaging do its thing if you rely on your job to invest, since there's a high correlation between periods where people are out of work and periods where asset prices are lower.
Even in the worst part of the great depression 75% of the people had a job. Most years where much better.
Don't get me wrong, if you don't have a job things are bad. If you have a job but it isn't giving good raises, or it is a worse job than you are qualified for things are bad. However things are not hopeless for the majority of people even when things are really bad, and you can get through it.
I like to read human comments because I'd like to know what my fellow humans think. I'd prefer not to read low-effort, throw away comments, but other than that I want to know what people think about different topics.
I read HN both because I want to read what humans think, and because I want to read insightful discussion.
The tension is that as insightful discussion becomes easier/better with LLMs, there is less need to read HN. All I'm left with is provenance: reading because a human wrote it, not because it is uniquely insightful.
Some seem to think that math is somehow above plumbing, but modern society couldn't exist without both, and I'd argue that modern plumbing is more critical to our health and well being than modern math.
I'm absolutely going hunting for some nearby payphones this weekend!
In the recording on this one [1] the caller states that the payphone is on the caltrain station platform, but on the map it's about 1000 feet from there. Searching the address on google maps correctly shows it at the station, though.
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