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Erik Corry
Works at Google
Attended University of Cambridge
Lives in Aarhus, Denmark
837 followers|527,298 views
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Erik Corry

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Happy Easter, but beware of the Easter Bunny!
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Erik Corry

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Q: So, why is Silicon Valley studded with an implausibly large number of abandoned barns, shacks, and other things that don't look like they belong here?

A: Because this all used to be orchards. This all made sense, fifty years ago.

Q: Right, but shouldn't they have, like, torn them down by now?

A: No. Abandoned barns in Silicon Valley are a better investment than historical stock market returns.

Q: Wouldn't they be an even better investment if there were, like, usable buildings on the land?

A: No.

Q: You have got to be shitting me.

A: Proposition 13 makes abandoned barns an enormously lucrative investment. You see, the assessed value of a piece of property is capped at a rate well below the rate of increase in property values out here. So you can just get the price of the land reevaluated every year and take tax-free loans against the increase in equity. This is a huge amount of untaxable money. Especially if you're an abandoned shed that's worth seven figures, right smack dab in the middle of the Google campus.

Q: Right, but that's just about low taxes, right?

A: Yeah. Well. Uh. I was going to get to the "except" part.

Q: And what's that? 

A: The increase is capped except upon the sale or the completion of new improvements. Like an apartment building, for instance, to partially solve the housing crisis out here. Or a new building on the Google campus. This means that if the value of the improvement is less than the compounded increase in the value of the property absent the improvement, then it doesn't make any sense to actually build anything.

Q: That's horrible. Why aren't people, like, vandalizing abandoned buildings to get rid of them?

A: The only way you can vandalize anything in California that solves the problem is to literally build a new improvement on the property without the landowner finding out. That resets the tax basis and gives them an incentive to stop holding the land off the market.

Q: That's... double horrible.

A: Yeeeeeeah.
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<geezer mode>
Young man, have you ever heard about the dot-com bubble?
</geezer mode>
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Erik Corry

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Met this guy location scouting today. #cute #animalportrait
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Erik Corry

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What hath +Erno Rubik wrought? Here's a glimpse from a puzzle store in Paris. Some of these looked hard. (And by "hard," I mean "even harder than regular Rubik's Cubes.")
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Yes, my cooker goes to 11 :-)
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Of course it does. Otherwise you wouldn't be able to make awesome sauce ;-)
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Erik Corry

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Internet Pioneer Awards 2014 - hvem vil DU nominere?

På Internet-ugen i Aarhus (28.4-2.5) skal der også uddeles priser!

Jeg har den ære at være i juryen sammen med Christiane Vejlø, Preben Mejer og Aino Corry, og glæder mig til at vælge og forhåbentlig være med til at overrække priser.

Men det er jo ikke sikkert vi selv kommer i tanke om alle dem, der kunne fortjene en pris - så derfor beder vi dig (ja, DIG) om også at nominere :-)
Det kan du gøre på nedenstående link. Og du kan læse mere om priserne her: http://internetweekdenmark.com/news/LBN9yCDu84EFKSDp2
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Erik Corry

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Some of you will know that I've a long held admiration for Interzone magazine. It's the mag that made me fall in love with short form SF and Fantasy, and I've been reading it for forever. I've been...
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Erik Corry

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Help support Maya's art project! They are making an exhibit featuring 20 international artists and want to make a catalogue. See more below!
Hjælp os med at få et katalog i trykken til det internationale kunstprojekt REALITY LOOP! De magiske lommer i virtuelle, sociale netværk opstår når der skabes kontakt og det udmunder i virkelige møder. REALITY LOOP er et internationalt kunstprojekt, der manifesterer dette aspekt af vores digitaliserede verden. Vi er begejstrede over, at vi deler og modtager …
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The Heartbleed bug, which undoes Web encryption for Web servers using a newer version of the OpenSSL software, is about as serious as they come. It can be used to let attackers discover usernames and passwords, impersonate servers, and decrypt earlier network traffic.
By exposing the contents of memory of a Web site's server, the OpenSSL Heartbleed bug lets attackers steal the most sensitive information and impersonate those servers.
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People
In his circles
359 people
Have him in circles
837 people
Kris Kowal's profile photo
Geeta Schmidt's profile photo
Greg Simon's profile photo
Robin Nicholson's profile photo
Education
  • University of Cambridge
    Computer Science, 1988 - 1991
  • University of Aarhus
    Computer Science, 1998 - 2004
Basic Information
Gender
Male
Relationship
Married
Work
Employment
  • Google
    Software Engineer, present
  • University of Aarhus
    AC TAP, 2006 - 2007
  • Esmertec/OOVM
    Geek, 2004 - 2006
  • Mjølner Informatics
    Student Programmer, 1999 - 2001
  • Konkat
    Programmer, 2001 - 2003
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Aarhus, Denmark
Previously
Aberford, UK - Cambridge, UK - Freiburg, Germany - Harlow, UK
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