Funny thing is, no matter how you arrange to do that it becomes a de-facto death ray. Stick a terawatt of solar panels in space, use the power to shine a laser/maser down to earth, then build a station to turn the laser power back to electricity? Great, until some hacker figures out how to control where the laser is pointed. Then you get Dr. Evil holding the world for ransom.

Thanks for the correction. I remembered seeing that number but didn’t analyze it in any depth. A more detailed analysis of the market, by Freddie Mac, concluded that there were four main drivers for the recent surge in prices, and investors weren’t on the list.

1. record low mortgage rates in 2020 and 2021, and the race to beat future rate increases;
2. limited supply from underbuilding and below average distressed sales;
3. an increase in first-time homebuyers due to favorable age demographics; and
4. increased migration from high-cost cities to areas that already had a housing shortage.

Institutional investors apparently even reduced their purchases in 23 - some of them were even net sellers - because of prices and interest rates. That doesn’t mean they aren’t still villians in this scenario. I don’t think big investors should own single family homes at all. But still they aren’t as big a force as my previous comment indicated.

In support of your argument.

Report: 44% of all Single-Family Home Purchases were from Private Investors in 2023

edit: see corrections below

He’s referring to the fact that the Effective Altruism / Less Wrong crowd seems to be focused almost entirely on preventing an AI apocalypse at some point in the future, and they use a lot of obscure math and logic to explain why it’s much more important than dealing with war, homelessness, climate change, or any of the other issues that are causing actual humans to suffer today or are 100% certain to cause suffering in the near future.

Things like Impossible Burgers, absolutely. I tried one once and it was so much like an actual meat burger it grossed me out. But I will make a seitan corned beef to put in a Reuben sandwich just because it’s an awesome sandwich.

Which is an issue if those artists want to copyright their work. So far the US has maintained that AI generated art is not subject to copyright protection.

Enshittification in action.

“Here is how platforms die: first, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves. Then, they die.”

Facebook, TikTok, Amazon, it’s everywhere. Once a platform has lock-in from users it turns its attention to vendors. Then once they’re locked in it rakes in the profits until nobody can tolerate it any more and something else takes its place.