Interesting Links for 20-01-2022
Jan. 20th, 2022 12:00 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
- If you're poor then the cost of living has gone up by a *lot* more than 5%
- (tags:economics UK poverty )
- A NASA Probe Went and Touched the Sun
- (tags:sun space NASA )
- Coffee can't fix all the cognitive impairments caused by a bad night's sleep
- (tags:caffeine psychology sleep )
- Men Are Creating AI Girlfriends and Then Verbally Abusing Them
- As a friend put it "This is how you get Terminators"
(tags:ai abuse misogyny hate ) - The gender wage gap is really a child care penalty
- (tags:children patriarchy wages gender society )
- New rules passed for short-term lets in Scotland
- (tags:rental housing Scotland )
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Date: 2022-01-20 12:46 pm (UTC)Cost of Life
Date: 2022-01-20 12:50 pm (UTC)no subject
Date: 2022-01-20 12:54 pm (UTC)wage gap > and thus we need to do more to encourage Dads to DO CHILDCARE... ahem.
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Date: 2022-01-20 01:37 pm (UTC)no subject
Date: 2022-01-20 01:50 pm (UTC)Is it because you expect interest rates to go up?
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Date: 2022-01-20 02:26 pm (UTC)I'm thinking of two scenarios.
1) A household in the comfortable middle-classes and in mid to late middle age. Own their own home, have high equity in their home. Housing costs (including capital repayments) unlikely to be a large part of their total expenditure. So if CPI is 5% for things like food and utilities they have plenty of financial hinterland to retreat in to if needed.
2) a younger homeowner, with low equity, where housing costs in the form of interest on debt are a large part of their expenditure - I'm expecting interest rates to not go up much. So if CPI is 5% and they get a 4% pay increase you would think they would be net worse off by 1%, but if most of their expenditure goes on mortgage interest which doesn't got up by the same 5% then they might have more cash in their pocket at the end of the month.
Compared to someone who is renting and their landlord has the market power to increase their rent by CPI - they will feel the full effect of general price increases, including in their housing costs.
no subject
Date: 2022-01-20 02:53 pm (UTC)(In general, that is. Depends on how acute the housing shortage is, obviously *some* renters will have spare capacity to pay more rent.)
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Date: 2022-01-20 03:01 pm (UTC)I can't remember the name for the type of good that housing is but one its features is that people will generally pay the most they can afford in order to have a relatively better house (close to schools, shops, lower crime rates etc) and I think that has an impact on the price elasticity and stickiness of rent.
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Date: 2022-01-20 03:03 pm (UTC)But I expected it to be triggered by peak oil and climate change; I thought the pestilence would be along later.
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Date: 2022-01-20 02:28 pm (UTC)no subject
Date: 2022-01-20 03:11 pm (UTC)If your housing costs are sticky, particulary if you have low-interest nominal debt, like a mortgage, periods of high inflation are not necessarily bad for you.
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Date: 2022-01-20 08:10 pm (UTC)no subject
Date: 2022-01-20 05:51 pm (UTC)no subject
Date: 2022-01-20 08:08 pm (UTC)no subject
Date: 2022-01-21 12:30 am (UTC)no subject
Date: 2022-01-21 12:29 am (UTC)no subject
Date: 2022-01-20 12:55 pm (UTC)no subject
Date: 2022-01-20 01:50 pm (UTC)no subject
Date: 2022-01-20 03:05 pm (UTC)