Elon Musk now owns 9.2% of twitter...update.. will soon be the sole owner as Board of Directors accepts his purchase offer

[akugami]

Homelessness is a complex issue because so many situations contribute to homelessness. It's not as simple as just building homes. Some are on the streets due to drugs, some due to mental health, and some just due to losing their job. I'm sure there are other reasons as well.

Should we build more housing, and specifically more affordable housing? Yes. That alone will not solve the homelessness problem. The US needs to build affordable condos with security, and modern amenities. This will help alleviate the housing crunch.

The US also needs to increase funding for social services to help those down on their luck, or suffering from addition or mental health issues.

 

[fskimospy]

Homelessness is a complex issue because so many situations contribute to homelessness. It's not as simple as just building homes. Some are on the streets due to drugs, some due to mental health, and some just due to losing their job. I'm sure there are other reasons as well.

Should we build more housing, and specifically more affordable housing? Yes. That alone will not solve the homelessness problem. The US needs to build affordable condos with security, and modern amenities. This will help alleviate the housing crunch.

The US also needs to increase funding for social services to help those down on their luck, or suffering from addition or mental health issues.

Homelessness is overwhelmingly not caused by drug addiction or mental illness. It is caused by not being able to afford homes.

This problem is not complicated - arguments that it is complicated mostly come from not wanting to address the real problem. People who own homes now directly financially benefit from not building more homes.

 

[akugami]

Homelessness is overwhelmingly not caused by drug addiction or mental illness. It is caused by not being able to afford homes.

This problem is not complicated - arguments that it is complicated mostly come from not wanting to address the real problem. People who own homes now directly financially benefit from not building more homes.

I never said drugs or mental health was the overwhelming reason for homelessness, but they are major factors for homelessness.

Look at any article outlining reasons for homelessness and mental health, drug addiction, and various poverty related reasons are the leading causes of homelessness.

Poverty reasons include loss of job, not being able to find a job that pays a living wage, or housing in a specific area is too expensive.

 

[MrSquished]

The rooms here are designed for employees to sleep in overnight and are in clear violation of zoning ordinances.

I think those ordinances are stupid and should be repealed - you have told me repeatedly they are good.

edit: this is kind of fun though - conservatives are suddenly realizing how dumb zoning is once it’s applied to a billionaire.

Only billionaires that are GQP though. If George Soros did this they'd flip out

 

[zinfamous]

Many have severe mental issues and are on the street due to a lack of the old mental institutions of older times. Reopen the mental care facilities and put them there either voluntary or forced if need be. When these institutions were closed years ago things started to go down hill.

I'm not an expert in mental health, but it is clear that what is going on now is for sure not the answer.

Pointing the finger at Musk while doing the same thing essentially is screwed up.

You should have never voted for Reagan, then. He is exactly why we have this problem now, but I'm sure you don't honestly care about that.

 

[MrSquished]

Well I got off the train after dodging a subway pusher, made a nice move to avoid a bat in the noggin', but then I got stopped by two guys who tried to rope me in to a Bible study group event.

I told them I was agnostic. So he says you still believe in a spiritual world. I said yes, but not how any book of religion describes it. He tried to keep taking to me but I said I have to go and have a good night.

That's been the worst experience I've had in NYC this year. Now I'm nice and cozy at the bar, a bit early for the speed dating event.

I hope I make it home alive

 

[MrSquished]

Musk is auctioning off lots of Twitter stuff from the offices. Including espresso machines. Can't even give that shit to charity

 

[Heartbreaker]

This forum is annoying AF because of the links to twitter that I can't open on my work computer, and I can't see anything other than the link so I lose whatever point or message the poster is aiming for.

Yep, all the people who say twitter is doomed and good riddance, can't stop using twitter.

 

[Indus]

Is it just me or this is just Elon actually pulling off a LBO?

https://en.wikipedia.org/wiki/Leveraged_buyout

 

[cytg111]

Is it just me or this is just Elon actually pulling off a LBO?

https://en.wikipedia.org/wiki/Leveraged_buyout

I've contracted in finance for a total of 15 years and I've never acquired an actual cheat sheet for all these bs concepts. What is to be gained for Elmo here?

 

[Pens1566]

I've contracted in finance for a total of 15 years and I've never acquired an actual cheat sheet for all these bs concepts. What is to be gained for Elmo here?

Gets the institutions currently holding the bulk of twitter debt to sell it off for pennies on the dollar, allowing him to purchase it at a much lower amount than what he currently "owes" them from the original $44B purchase. Then takes it public again later thinking to reap more from that than what he originally put in. It's a gamble.

Personally, I think there's more to it than that. There was an interesting article I read this week that this is part of some crypto vs US Dollar destabilzation effort being run based on who is really backing him (middle eastern $$$) and what effect a swing in Twitter policies could do to assist that. A lot of shady fuckers would gain substantially in that scenario. If that's true, he really doesn't care about the US $ he'll "lose" in all of this because the benefits he would get from the alternative would dwarf it in the long run. Next step would be a failure to increase the debt ceiling in the next congress (or before) leading to issues with the dollar.

 

[fskimospy]

Is it just me or this is just Elon actually pulling off a LBO?

https://en.wikipedia.org/wiki/Leveraged_buyout

He literally did a leveraged buyout, yes. That’s why Twitter is so screwed.

 

[cytg111]

Gets the institutions currently holding the bulk of twitter debt to sell it off for pennies on the dollar, allowing him to purchase it at a much lower amount than what he currently "owes" them from the original $44B purchase. Then takes it public again later thinking to reap more from that than what he originally put in. It's a gamble.

Personally, I think there's more to it than that. There was an interesting article I read this week that this is part of some crypto vs US Dollar destabilzation effort being run based on who is really backing him (middle eastern $$$) and what effect a swing in Twitter policies could do to assist that. A lot of shady fuckers would gain substantially in that scenario. If that's true, he really doesn't care about the US $ he'll "lose" in all of this because the benefits he would get from the alternative would dwarf it in the long run. Next step would be a failure to increase the debt ceiling in the next congress (or before) leading to issues with the dollar.

Can you find that article perhaps?

 

[Pens1566]

Can you find that article perhaps?

Had to look for it

 

[cytg111]

Had to look for it

Holy crap…… More nightmares.

 

[Greenman]

The rooms here are designed for employees to sleep in overnight and are in clear violation of zoning ordinances.

I think those ordinances are stupid and should be repealed - you have told me repeatedly they are good.

edit: this is kind of fun though - conservatives are suddenly realizing how dumb zoning is once it’s applied to a billionaire.

Zoning isn't dumb at all, it's critical, even when it piss's me off. I don't want a pig farm moving in next door, along with the required slaughterhouse.

 

[fskimospy]

Zoning isn't dumb at all, it's critical, even when it piss's me off. I don't want a pig farm moving in next door, along with the required slaughterhouse.

Commercial vs residential zoning is totally different. Can we agree with eliminating all residential zoning restrictions?

Again I love how all you guys see terrible things happening around you and yet don’t realize your preferred policies are the cause.

 

[Vic]

Had to look for it

So basically Musk is the globalist new world order conspiracy? That would be ironic.

 

[Pens1566]

So basically Musk is the globalist new world order conspiracy? That would be ironic.

I've been doing lots of listening/reading in terms of "What's Elon up to?" in all this, and there's really very few that make any kind of sense TBH. This one wouldn't shock me as much as some of the others would. But the ones involving straight up business reasons are really dwindling in likelihood as each day goes by and things get even crazier.

 

[ivwshane]

You are totally right.

What people don’t get though is building additional housing attracts new residents and new tax dollars that can be used to build housing for those who will never make it.

It is a purely virtuous cycle. The only people negatively affected are incumbent property owners who are betting on keeping housing scarce to drive up their home values.

The bolded is absolutely false! No one cares about property values unless they plan on selling their property. Those that don’t plan on selling actually benefit from lower property values as it keeps their property taxes from rising even higher.

Your continued dismissal of the importance of housing stability is baffling considering your other opinions on housing.

 

[fskimospy]

The bolded is absolutely false! No one cares about property values unless they plan on selling their property. Those that don’t plan on selling actually benefit from lower property values as it keeps their property taxes from rising even higher.

Your continued dismissal of the importance of housing stability is baffling considering your other opinions on housing.

My opinion on housing is that restrictions on housing construction are causing mass human misery and I’m right.

 

[ivwshane]

My opinion on housing is that restrictions on housing construction are causing mass human misery and I’m right.

Well I can agree with that statement.

 

[Greenman]

Commercial vs residential zoning is totally different. Can we agree with eliminating all residential zoning restrictions?

Again I love how all you guys see terrible things happening around you and yet don’t realize your preferred policies are the cause.

So a developer can move into any area and build whatever nets them the best return on their investment? Totally uncontrolled growth?

 

[fskimospy]

So a developer can move into any area and build whatever nets them the best return on their investment? Totally uncontrolled growth?

The free market can address housing as the market demands.

It’s basic capitalism.

 

[ch33zw1z]

So a developer can move into any area and build whatever nets them the best return on their investment? Totally uncontrolled growth?

The free market can address housing as the market demands.

It’s basic capitalism.

yes, it won’t be uncontrolled growth, it will be controlled by the market. This will mean that a builder will have to know the area he’s building in quite a bit more. E.g. - who he’s building to sell too, local COL, income levels, etc..