Formerly u/CanadaPlus101 on Reddit.

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Joined 3 years ago
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Cake day: June 12th, 2023

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  • By that same logic LLMs themselves (by now some AI bro had to vibe code something there)

    I’m guessing LLMs are still really really bad at that kind of programming. The packaging of the LLM, sure.

    & their trained datapoints

    For legal purposes, it seems like the weights would be generated by the human-made training algorithm. I have no idea if that’s copyrightable under US law. The standard approach seems to be to keep them a trade secret and pretend there’s no espionage, though.







  • How could I possibly be quoting out of this article if I didn’t read it? They divide housing stock by number of (thousands of) adults for the upper line of the second graph. If the average number of adults in a household changes, that line is misleading. They make an effort by not including children, but it’s not enough.

    That’s my guess why the 20th century looks that way, anyway. If you crop at 2000, suddenly it shows exactly what mainstream analysts have been saying - lots of immigrants came in all at once, and the housing supply tightened. Otherwise it’s close to flat.

    Beyond housing itself, they inject (current, Canadian) numbers about debt, but that connects to a lot of things, and the ratio of home price to median income. Median household income has diverged from the mean, and yes the finance system has changed. They really haven’t made an argument for their version to dissect. It’s all innuendo and appeal to the authority of other people they agree with.

    They start with “the CMHC is recommending too much construction”, which is defensible, but “housing is all a huge bubble” is a more extraordinary claim, and “actually there’s plenty of houses” is a non-sequitur.

    And yes, I have a minor in Economics with a Math major. FWIW.

    I’m surprised at the language you’re using, then. ECON101 is a phrase you see from people who think Das Kapital is a current textbook.



  • Household, not house.

    In 1900, people in the West lived with extended family members, like in essentially all other cultures. By 2000, not so much. In between it varied by socio-economic class. Your 1970’s family might include grandpa if they’re not rolling in it.

    Most likely, that’s what you’re seeing on the bulk of this graph.

    It’s not as simple a story, but it actually offers a reasonable explanation for the observed data,

    No, no it doesn’t. I’d explain why, but that would be the exact same comment again.

    ECON101

    What, do you have an economics degree?

    You can’t shit on other people’s education unless yours is better.






  • Because housing is a necessity, people are willing to pay high prices for it. Bidding wars can therefore persist even when relative supply grows, so long as credit markets enable them.

    Right, that’s why I see rural houses literally falling over because nobody wants to live in them. /s

    Supply and demand applies to food. It definitely applies to housing.

    The central argument of this is that because the number of houses per adult is the same as 1989, the housing supply is fine. And then they have the audacity to claim other people are cherry-picking. No mention of average household size being different now, even just considering adults (nor mention of urbanisation). There’s little effort to support their own theory with numbers, either.

    Not to mention, that very same graph has a noticeable dip right in the recent years where it’s become an issue. They’ve just scaled the graph so it’s not emphasised. 1989 was the last time it was so low.