Frankly the limit should be 0 for private equity. The only exception should be for mortgage lenders (for obvious reasons) who should also not be ownable by PE or VC.
It should not be legal for corporations to own a residential property outside of the context of a mortgage. Any corporation (here, including banks) owning a residence for the purpose of rental income should be flat out illegal as well.
That’s genuinely fantastic news.
The skeptic, pessimistic part of me now wants to know how BlackRock et al will get around this with creative corporate and financial shell games, because I’m absolutely sure they will try to do just that.
You know what would solve pretty much all budget issues at nearly every level of our government?
Wealth taxes.
Oh shit this is awesome. I’ve got some stuff that’s wrong with my knees, and this would be fantastic.
Oh yeah it 100% explodes your token usage by establishing a contentious paradigm. But that’s what the C-suites want, and they don’t understand (or care to understand) the subtleties of how this development methodology works. So we’ll all (somewhat maliciously) follow orders until they change their minds when they see the absolutely ludicrous LLM bill 🤪
Now ask it why it’s apologizing
The best sort of methodology I’ve found to coerce Claude or whatever (we are strongly encouraged to use it, because you know, tech these days) is (for a single agent) to define a process that includes proving its work and citing sources. For agentic flow, you basically just assign a contrarian role in particular domains to some of the agents - ideally all of this is also hooked into an MCP server that includes deterministic utilities to improve accuracy and solution arrival speed.
It’s basically just a shitty, brute-forced, massively over complicated Monte Carlo algorithm that’s wildly inefficient in terms of energy usage and infrastructural cost, that also happens to be turning our economy into a highly flammable house of cards.
Can you tell what my opinion of all this bullshit is, despite knowing how to do all of this crap reasonably well? 😛
Must be fuckin’ nice 🫠
This is genuinely fucking hilarious
It’s kind of important to note that Newsom is and always has been a conservative in a very fundamental sense.
They simultaneously constitute the most wildly successful foreign influence operation In modern history (perhaps recorded history - I can’t think of another instance of what is effectively an empire getting so thoroughly co-opted), orchestrated by at least two countries, one of which is an open adversary.
What the actual fuck are you talking about?
I guess “city walking” makes me gay? Is this what they mean by “metrosexual”? Idfk anymore lol
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The senator should be pressing charges, tbh
I’m gonna suggest two:
I’ve got a sinking feeling that this is what the DNC establishment are going to turn the 2028 DNC primary into. But also, maybe people will be ignoring the establishment by then.
Yeah, so to me, that sounds like a great argument for public funding of housing.
We don’t have to make them like old Soviet-bloc mega apartment complexes (I admit I am fond of some of the exterior aesthetics and building arrangements the Soviets tended to do, but the insides were more or less concrete shoeboxes (“to each according to their needs”, ostensibly, but imo in practice it was often far too minimal, and often not even truly meeting a given family’s needs)).
And we don’t need and shouldn’t expect them to be massive profit generators (much like we don’t need and shouldn’t expect mass transit to be a massive profit generator). We could build quite comfortable public housing, pair it with substantially improved public physical and mental healthcare, and not only effectively solve homelessness overnight, but simultaneously make a long-term investment in the viability of American society (including but not limited to birth rates, happiness indices, GDP (more people doing well = more people able to contribute to the pool = gdp go up), education, residential ownership, diminishing crime… we can go on).
Oops, I slipped into “we should be more socialist” mode lol