tal

Lemmy.dbzer0.com has a community aimed at highlighting this sort of thing, !yepowertrippinbastards@lemmy.dbzer0.com.

I'm personally not sure that it's actually a great way to deal with unreasonable mod or admin actions -- I'd favor general technical solutions like the spider I mentioned in this thread over having "name and shame" stuff where possible, think that name-and-shame tends to generate conflict. But I suppose that it does help people who might object to such actions, like lemmy.blahaj.zone home instance users in this case, be aware that they are getting a censored view and choose communities and instances accordingly. I mean, I'd want to know myself if my own home instance admin were silently removing content on my instance.

My limited understanding is that there's an association between the shark's colors and the trans flag, and that this predates that instance in the trans world.

Honestly, I don't even care if people want to run a censored instance -- like, some people legitimately do not want to see some content -- but I do think that they should be clear that they are doing so, which it sounds like they were not in this case.

Also does make one wonder whether other material might be missing on other topics from other communities.

ponders

As a general solution to making instance censorship visible, I suppose that it'd be technically-possible to write a bot that could spider Threadiverse instances and look for discrepancies between views of a community, provide a summary of instance censorship activity. If an admin wanted to silently censor content and wanted to go to enough work to make the censorship silent, they could try to identify the bot and only show posts to it, but I imagine that it'd be more work, especially if it acted anonymously and from a VPN.

As a bonus, that could also flag post propagation problems of the sort I mentioned elsewhere in this thread, kind of be a "Threadiverse health monitor".

Okay, fair enough. Just wanted to avoid possible drama if it had been a similar technical issue.

Nuke, you sure that it's intentional removal? I've seen propagation issues on instances before -- like, two weeks back, my home instance, lemmy.today, was two days late on material from sh.itjust.works. In that case, resolved itself shortly after I posted to my local instance discussion community about it, so the instance admin didn't dig into it, but two days of delay definitely has something breaking somewhere in lemmy or on one instance or another.

https://lemmy.today/post/17802050

I imagine that it's not too complicated to just look at the community via lemmy.blahaj.zone, which presumably will show missing posts.

NCD's native sh.itjust.works, which presumably has all posts visible:

https://sh.itjust.works/c/noncredibledefense?dataType=Post&sort=New

Lemmy.blahaj.zone's view:

https://lemmy.blahaj.zone/c/noncredibledefense@sh.itjust.works?dataType=Post&sort=New

undercooked burgers... burger rare

If you read the article or have read prior coverage, it wasn't the meat. It was the onions, which are served fresh.

Plus, there's no point. Like, if you want to make a good KSP successor, lots of people were unhappy with what happened with KSP2 and would be happy to buy it. Why unnecessarily start a fight that risks the game?

EDIT: Hell, if someone made a good KSP successor, it'd be very near the top of my own purchase list. I really liked KSP.

I don't know about Halloween as such, but ghost-themed, I guess Ghost Master. Twenty years old now, but try to make use of various ghosts with different abilities to drive people out of various buildings and houses.

ink

Well, toner. Searching, I don't think that color inkjet printers can do this, would guess that the bleed is too much. Just color lasers.

I don't think that it'll slow down your print, believe that that's independent of ink deposition.

Ah, the Canadian housing bubble Wikipedia article talks about some of the points I raised:

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

Risks

Canada is a nation heavily dependent on the real estate industry which accounted for roughly 14% of its GDP in 2020[126] and over 20% in 2023.[127] There is a high risk that if investor sentiment changes, buyer demand may drop significantly, triggering a vicious cycle of prices declines that snowball.[128] Canadians hold increasing mortgage debt (almost $2 trillion in June 2021,[129] $2.16 trillion residential in 2023[130]) while unemployment rose and net employment fell in 2024.[131]

That "snowball" is referring to a bubble popping. And this also mentions the five-year mortgage factor:

Short-term fixed-rate mortgages are dominant in Canada,[132] typically with the interest rate locked in for five years. This contrasts with the United States, where most homeowners hold long-term fixed-rate mortgage contracts. If the reset rate in five, ten, or fifteen years is higher than in the past, there will be a large risk of default for Canadians with high amounts of debt. A July 2017 report noted that uninsured mortgages represent the greatest risk to the financial industry.[133] A decreasing number of Canadian mortgages are backed by insurance, from over 60% in 2012[134] to less than 22% in 2022.[135] Drops in home prices could cause homeowners to owe more on their mortgages than the house is currently valued, which is known as negative equity.[136][128]

Some 26 per cent of Canadians aged 18 to 34 own a home today, down from 47 per cent in 2021, according to the poll.

Not only that, but it sounds like homebuilders have been decreasing housing starts for several years, which seems counterintuitive if one has high housing prices.

https://www.reuters.com/world/americas/canada-homebuilding-down-third-year-housing-agency-predicts-2024-04-04/

TORONTO, April 4 (Reuters) - Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, Canada's national housing agency said on Thursday.

Here's my off-the-cuff understanding of the situation. I have not been closely following it.

In the wake of the global financial crisis, it looks like Canada cranked the central bank's interest rate way down.

Shortly after Canada started bringing them back up, COVID-19 hit, and Canada slammed rates back down again. It wasn't until inflation started to rapidly rise in mid-2022 that Canada started bringing them back up, at which point, Canada had had low interest rates for over a decade.

https://tradingeconomics.com/canada/interest-rate

My understanding is that one effect of running low interest rates is to create asset price bubbles. It's cheap to borrow money, so people borrow a lot of money and dump a lot of it into housing, which blows the price of housing way up.

This has led to what is believed to be a housing price bubble considerably worse than the one that the US hit:

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

In 2023 Canada’s nonfinancial debt exceeded 300% of GDP and household debt surpassed 100% of GDP, both higher than the levels seen in the United States before the 2008 global financial crisis. Canada's housing investment as a percentage of GDP ratio peaked at 8.9% in 2022, whereas the US, at the peak of their housing bubble, only reached 7% in 2006.

This happened because it was cheap to borrow a lot of money under Canadian policy, and so what people did -- looking at the rapid increase in Canadian housing prices -- was to borrow a lot of money and buy housing with the expectation that it would continue to rise, and that by doing so with a lot of borrowed money, they'd increase their gains:

Investor activity (measured as the percentage of non-owner-occupied homes) increased both housing price appreciation and price collapse during the 2007–2008 financial crisis. Investor activity peaked in 2005, with over 29% of new mortgages in Las Vegas taken out for investment properties. At this time, 15% of mortgages across the US were for non-owner-occupied homes.[80] In 2020, in Toronto, 21% of all housing, and 56% of condos were investor owned. In Vancouver, nearly 48% of condos, and 33% of all housing was owned by investors.[81] Across Canada, 1 in 5 homes were investment properties. Investors were found to be increasingly crowding out prospective first-time buyers in a 2024 analysis.[82]

With Canada finally bringing interest rates up, house builders -- expecting that they're going to have a hard time selling houses -- are having a hard time borrowing money to build more houses, so they pulled back on new construction. At that point, you have a lot of people with borrowed money that have soaked up a lot of housing, expecting it to continue to rise.

So I'd expect Canadian house prices to begin falling. When that happens, suddenly that investment in housing that seems like a really great idea because you're using borrowed money to increase gains becomes a really bad idea, and you want to get out. But...you can't sell that housing to anyone. So you potentially have a lot of people who want to dump housing all at once, which causes a bubble to pop.

Normally, when a buyer gets a mortgage, they have to make a down payment, though in the runup to the global financial crisis, a lot of US mortgage lenders were issuing a lot of mortgages with no money down. The purpose of this is to shield the lender from risk (and reduces interest rates from the borrower). Someone with a mortgage has $E equity in a house, the part that they own, and then $M that they borrowed from the bank. If someone defaults on their mortgage, because the house was pledged as collateral, then the lender can seize the house and sell it on the market to recover their $M, with their $M getting priority over the borrower recovering their $E.

Normally, that down payment is chosen by a mortgage lender large enough that even if house prices fluctuate and the price drops shortly after sale, the money can be recovered by the lender, so the risk is mostly on the borrower.

However, if house prices rapidly collapse far enough, then it may be that a house price isn't high enough for a lender to recover the money they lent. That is, after sale prices go "underwater", such that the borrower has lost all their equity and then the lender can't even recover their loan if they seize the house and sell it, then the lender faces risk that the borrower will simply default on the mortgage, and the lender will not be able to fully recover the money they lent on the house.

That can lead to mass defaults by borrowers, which is what happened in a number of places in the US when housing prices rapidly dropped, which led to houses being seized and placed on the market, which further drove down housing prices.

My vague recollection -- and I have not followed the Canadian housing situation closely; this is going from my memory of comparative housing policy back around the global financial crisis -- is that Canadian mortgages are all recourse. In a minority -- but important minority -- of US states, mortgages are non-recourse (at least on the primary mortgage; this doesn't apply to secondary mortgages, HELOCs, etc, at least in California, by my way of recollection). What that refers to is whether the lender has recourse if a buyer defaults on their mortgage. That is, can they try to seize other personal assets, garnish income, have some other forms of trying to recover their money in a default.

That will probably tend to make it less-likely for Canadians to walk away from debts...but I don't think that it makes lenders immune. That is, if someone files for personal bankruptcy -- which might be a good idea if they don't have a lot of assets outside the house and they have borrowed an enormous amount to buy a house that is worth far less than they paid for it -- I'd guess that the lender probably has no recourse, though I haven't gone researching Canadian law on the matter. Or if someone is an overseas buyer -- something that Canada has recently severely restricted -- it may be hard to go after their other assets to recover loss if they default even if they don't declare bankruptcy.

In general, Canada's less-borrower-friendly, more-lender-friendly laws probably means that the Canadian banking system won't get into as much risk of banks getting clobbered as the US, even if a bubble pops. But that doesn't mean that people who buy houses can't be considerably-worse-off than they otherwise would have been.

Another factor is that in the US, the most-common type of mortgage is a 30-year fixed-rate mortgage. As interest rates fluctuate, they don't affect people who already have a mortgage rate locked in. That does mean that if interest rates rise, they may not be able to easily move; labor mobility will take a hit, which isn't good. But they can probably continue to pay the mortgage on their existing home, as long as their income continues. Canadian borrowers, as I understand it, normally need to refinance their mortgage each five years, so their mortgage payments are affected by current interest rates. If interest rates rise, as they have their payments will also rise starting at some point in the next five years. Canadian interest rates have recently risen quite considerably.

One cause of high housing prices is if there just isn't enough housing supply out there at all, like, construction can be constrained by zoning laws and such. Another is that the supply of housing is out there, but people are determined to purchase rather than renting. Potentially each is true to some degree, but a way to determine whether people are irrationally bent on purchasing is to look at the price-to-rent ratio. This, as a rule of thumb, is generally expected to hover in a vaguely-fixed range.

kagis for Canadian price-to-rent ratio data

https://www.zoocasa.com/blog/price-to-rent-ratios-across-canada/

https://www.zoocasa.com/blog/wp-content/uploads/2024/05/Townhouse-downpayment-1-1-768x1516.png

Based on that, the price-to-rent ratios in almost all of Canada are relatively high for detached homes. That means that at least part of the situation is people buying when they probably should be renting in terms of expected financial return. Unless what a Canadian is looking to live in is a unit in a multiunit building, I expect that it's probably a good move for a Canadian to rent right now, avoid exposure to the real estate market. One would want to have their assets in something other than equity in single-family home real estate, like stocks or bonds or suchlike.

Thing is, your profit margin isn't 100%, and this is gonna eat into this.