Show Your Work
LightNews LightNews
banner
showyourwork.universityofaustin.net
Show Your Work
@showyourwork.universityofaustin.net
500 followers 750 following 530 posts
Distinguished Lecturer in Phrenology and Whingenomics at UATX. Successfully campaigned to have Mr. Peanut star-chambered and executed for his crimes against legumity. Now this. http://showyourwork.universityofaustin.net
Posts Replies Media Videos
showyourwork.universityofaustin.net
Hey, how about housing? See how when we build more units, it gets way more expensive? This is because housing is both a commodity and an asset. But financialization means the pressure is on to treat houses as "sources of generational wealth."
Housing supply vs prices, using 1970 as an index value From https://economicsfromthetopdown.com/2024/08/22/from-commodity-to-asset-the-truth-behind-rising-house-prices If property consistently loses value against income, it's treated as a 'commodity' -- a thing you buy to use. But if property maintains its value against income, it gets treated as an asset -- a thing you buy as an investment.
January 19, 2025 at 2:47 PM
showyourwork.universityofaustin.net
When you say "success control housing cost" do you mean that rents went up or went down?
January 19, 2025 at 2:32 PM
showyourwork.universityofaustin.net
No, I'm asking whether rents went up or went down. Did rents go up or did they go down? I.e., does the average Minneapolis resident pay more for rent as a result of these magic bullet YIMBY policies, or do they pay less for rent?
January 19, 2025 at 2:30 PM
showyourwork.universityofaustin.net
And so what happened to rents, did they go up or did they go down in actual dollars?
January 19, 2025 at 2:08 PM
showyourwork.universityofaustin.net
Hey, quick question: did rents in Minneapolis rise or fall since 2020?

I know your graph makes a big deal of a post-COVID drop in rents

*RELATIVE TO INFLATION WHICH REACHED A 40-YEAR HIGH*

but

RENTS INCREASED IN MINNEAPOLIS, NOT DECREASED
(see below). Why not measure rents relative to wages?
The Consumer Price Index (CPI) is the most commonly-used measure of inflation in the United States. The CPI-U is an index that tracks retail prices for urban consumers, a category that encompasses roughly 87% of the population of the United States. As prices increase, the purchasing power of money decreases, driving down the real value of each dollar earned. In the post-pandemic recovery period, prices have been increasing quickly. In March, the growth in CPI-U hit 8.5% over the year, the largest 12-month increase since 1981. The Minneapolis-St Paul CPI-U hit 8.2%, an OTY high not topped since 1982. In terms of annual growth, CPI-U at both the national and state levels have been consistently outpacing growth in average hourly earnings since the economic recovery began in earnest in mid-2021. It also appears that the recent strong inflation growth began occurring prior to wage growth, with both the U.S. and Minneapolis-St. Paul CPI-U beginning sharp growth trends in March 2021, while the wage growth trend did not appear until May 2021 (in fact, both U.S. and Minnesota private sector wages posted sharp declines in March 2022), which suggests that increasing wages are not the primary driver of increasing inflation. Housing for the majority of people in the Twin Cities' AMI is at a lower proportion than ever as a share of the city's housing stock. For those making 60% of AMI, only 41% of apartments in the city are affordable, down from 51% last year. For those making 30% of AMI, only 16% of the city's stock is affordable. But 88% of the housing stock is affordable for those making 80% of AMI, and 97% affordable for those making 100% of AMI. Median rental prices spiked over last fall in Minneapolis, going from around $1500 to $1650 between September and October before falling in the next two months. Overall median rent increased by $72 even after a steep post-October fall. Minneapolis rents show slow but steady growth overall from June 2021, but have risen less than the national averages.
January 19, 2025 at 2:00 PM
showyourwork.universityofaustin.net
That's what's so maddening, almost the entire Obama White House went to go work for that same tech oligarchy to made sure it prevailed over any attempts to regulate or moderate
January 18, 2025 at 4:37 PM
Reposted by Show Your Work
espiers.bsky.social
The most appropriate treatment of Yarvin is one that recognizes his influence on Silicon Valley billionaires who don’t recognize him as a shallow thinker bc they’ve never taken a single class on political philosophy or history or philosophy
January 18, 2025 at 2:20 PM
showyourwork.universityofaustin.net
Is there a real world example of a time and place where a city built more housing and then housing got cheaper as a direct result?
January 18, 2025 at 4:08 PM
Reposted by Show Your Work
evansutton.bsky.social
Dems will never get "credit" for adopting Republican policies. All that happens when you go along is you give them permission to get more radical. This bill started out bad. Democrats showed willingness to play ball and it got even worse as a result. This portends very badly for the next 4 years
January 17, 2025 at 4:02 PM
showyourwork.universityofaustin.net
He was always soft on abortion, and the calculation was made not to pack the court, instead saving Roe as a wedge issue to use against Trump in the election.
Every president inherits judges, few have unconditionally surrendered this way.
www.cbsnews.com/news/biden-r...
"As president, Biden will work to codify Roe v. Wade, and his Justice Department will do everything in its power to stop the rash of state laws that so blatantly violate the constitutional right to an abortion, such as so-called TRAP laws, parental notification requirements, mandatory waiting periods, and ultrasound requirements." Joe Biden made efforts to protect abortion, but Congress did not codify access President Joe Biden vowed to codify abortion rights, but he did not rally the congressional support needed to pass such legislation. On his 2020 campaign website, Biden said he would work to "codify Roe v. Wade," the 1973 U.S. Supreme Court ruling that established federally protected abortion access. Biden said then that his Justice Department "would do everything in its power" to stop or curb anti-abortion state laws. Two years later, the Supreme Court overturned Roe v. Wade. Still, Biden said he would restore Roe as the law of the land. But congressional efforts to pass legislation prohibiting governmental restrictions on abortion access failed. The Biden administration has, meanwhile, sought to protect abortion rights in other ways, including through executive order. An irony of Biden’s final campaign is that one of the most vexing issues he has ever confronted personally — abortion — is now central to his political survival. Biden’s campaign and his entire party have made abortion a defining issue in his re-election bid, hoping to rally female voters alarmed by Republican efforts to roll back reproductive freedoms. The young Catholic politician who once said the Supreme Court’s Roe v. Wade ruling that safeguarded abortion rights “went too far” — and who to this day remains uneasy with the procedure — is casting himself as the only thing standing between women and strict national abortion bans. He vows to chisel Roe’s protections into law if he’s re-elected and secures friendly majorities in Congress, quashing a GOP-led push to forbid most abortion procedures. On Tuesday, Biden is scheduled to give a speech in Tampa, Florida condemning the state's new six-week abortion ban. Jennifer Klein, director of the White House’s Gender Policy Council, recalls Biden’s reaction upon hearing that the Supreme Court had overturned Roe v. Wade in 2022. Thinking through the decision in the Oval Office, “he was angry,” Klein said in an interview. “He went quickly to the fact that this had never been done before and the Supreme Court had never overturned a fundamental freedom. He also went immediately to what might come next: If they take away this right, what other rights would be under attack?” Biden may have little choice but to put abortion rights front and center. He is running about even with Donald Trump in the polls,
January 17, 2025 at 5:35 PM
showyourwork.universityofaustin.net
bsky.app/profile/show...
showyourwork.universityofaustin.net Show Your Work @showyourwork.universityofaustin.net · Jan 17
Calling it now: Americans will Mandela-effect the overturning of Roe v. Wade into something that happened under Trump instead of under Biden
January 17, 2025 at 5:19 PM
showyourwork.universityofaustin.net
Since 1812! constitutioncenter.org/blog/the-cas...
The case of the missing 13th amendment to the Constitution
A few years ago, a group of Iowa Republicans claimed the legitimate 13th Amendment to the Constitution was “missing.” The debate is part of an historical detective story with some surprising twists th...
constitutioncenter.org
January 17, 2025 at 4:49 PM
showyourwork.universityofaustin.net
Wednesday Sr at best, come on now
January 17, 2025 at 6:10 AM
showyourwork.universityofaustin.net
The whole video is shot at Fulton Landing and the nearby blocks
January 17, 2025 at 5:51 AM
showyourwork.universityofaustin.net
Brooklyn in the 80's!
January 17, 2025 at 4:52 AM