Gray Kimbrough

Gray Kimbrough

@graykimbrough.bsky.social

Economist, UNCG PhD, "serial millennial myth debunker," labor, housing and time use researcher, AU adjunct prof. Views are my own and not any employer's.

1K followers123 following622 posts

Private equity has apparently tired of sucking any surplus out of for-profit businesses and expanded into converting more altruistic enterprises into profit-making ones. For youth sports, this seems a hugely negative change for everyone involved except the few profiting. www.wsj.com/sports/baseb...

wsj.comAdvanced Stats and $500 Bats: Why Baseball for 6-Year-Olds Is Breaking the BankTravel teams, high-end gear and specialized training are turning America’s pastime into a sport for rich kids.

My son has gotten into baseball and has so far been fine with playing in Little League with mostly used equipment, but half of his team left this season to join a club team that costs over a grand a year in direct fees alone. I guess that price is actually pretty tame in the youth baseball space.

My seventh grader joined the school softball team this year, having never played before. Girls' sports have been mostly left alone by private equity so far and it shows. It's sad that this is denied to boys, but I'm enjoying watching her progress. Making contact on her first batting cage trip!

I'm wary of politicians telling people that we can solve problems by taxing Other People. I'd like to see this framed as an issue of fairness: We're good at taxing labor income. But through an array of tax breaks, we don't tax income from wealth and pass-through income as much. We should fix that.

There are many areas of the tax code that primarily benefit the minority who can take advantage. We've seen people getting huge tax breaks by stashing private assets in retirement accounts, but it goes further, to things like 529s. We should make the tax code fairer by addressing these tax breaks.

The same is true of "luxury townhouses" or basically anything new other than detached single-family homes. Purchasing one of these means purchasing a lot less land than with a detached SFH. The structure depreciates and the land (often) appreciates, widening the affordability gap over time.

Joe Fish@sadbusdriver.bsky.social

the thing with luxury condos is that they're mostly a myth. 1. within the same county, condos sell for 35% less than single family homes 2. within the same neighborhood, they sell for 43% less 3. within the same neighborhood and adjusting for some quality characteristics, they sell for 21% less

If I can find a good donut place while traveling, I make a point of buying some to bring back for my family. ChuChu Donuts were definitely worth the effort to transport back from Des Moines (and walking a mile out of my way early in the morning).

Looking up tour dates for my favorite Sardinian stoner-rock band (Elepharmers), I saw that they're playing this festival in Sardinia. I certainly wouldn't have expected to see Beth Orton listed, but this honestly sounds like a great festival lineup.

To be fair, this is made worse by the person making this poster for the library not feeling the need to explain that "gimp" is an open-source graphics editing package. But this could be solved by giving the program a better name than gimp in the first place.

My daughter has a procedure performed 2-3 times per year. It takes a few minutes and I owe a $30 copay after insurance. In July it was billed as surgery, for thousands of dollars. I've spent hours calling the Children's National billing office and they just told me that they won't fix it.

According to the billing people, they have "audited it" and determined that my daughter definitely had surgery in five minutes. I was told to contact the doctor's office, and then they transferred me to the wrong office. The American medical billing system has me incandescent with rage once again.

Also, please spend a few minutes ensuring that your kids are wearing their helmets correctly! I never harass people about this, but I see so many kids wearing helmets so loose that they don't protect the forehead at all.

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I've seen this graph before, but I still can't quite wrap my head around it being accurate. The bump around 2007 makes sense (around the time of a mandate to have passports to travel to more nearby countries), but I think what breaks my brain is the overall linear trend back to a 3% level in 1989.

One reason this isn't exactly "the percentage of the US population with a valid passport" is that the numerator sums passport books and cards. Passport cards didn't exist until 2008, and it's unclear how many of the 4.5M issued in FY2025 went to people who didn't have a passport book as well.

Part of this trend is just the aging of the population, but I think what makes it so dramatic (even unbelievable) is that multiple effects are all working in the same direction: aging growing wealth falling international flight prices greater need for passports to visit nearby countries and more!

Gray Kimbrough reposted

Folks - I'm seeing a fair amount of labor force participation takes that don't realize the published numbers pre- and post-January 2026 are NOT COMPARABLE. Of the 0.8pp decline in LFPR over the past year, over *half* is a statistical artifact. (The other half is real.)

A milestone birthday today has me thinking about four years ago, when I traveled to NYC and first told a friend that after a year in therapy on my own, I knew I would be getting a divorce. I had no idea how hard things would be or how great they would then get, but his girlfriend took this picture.

My friend said something like, "Surely she'll want an amicable split, right?" And he was so naive but I wanted to think that was possible too. In the end though, so much good has come from it, both for me and my kids. I hope I can continue to find ways to continue the trend of the past four years.

A milestone birthday today has me thinking about four years ago, when I traveled to NYC and first told a friend that after a year in therapy on my own, I knew I would be getting a divorce. I had no idea how hard things would be or how great they would then get, but his girlfriend took this picture.

Not having many pictures of myself or any experience with dating apps, I used this picture and met the woman who is now my wife. I knew that things would work out eventually, but couldn't have imagined everything that would happen in four years. My daughter and I saw Taylor Swift in Amsterdam!

I certainly didn't expect @dropout.tv to start streaming the works of Don Hertzfeldt, but I'm very excited to revisit some of these incredible films and watch the few I haven't seen before! I'll be starting with the incredible "The Meaning of Life."

It's been the same story in far too many U.S. cities: entrenched homeowners think they should be able to keep out all new housing. They're often willing to spend huge sums on lawyers to file lawsuits to get their way. I'm glad this is finally being recognized as generational warfare.

Rejecting new residents is also unsustainable for cities, especially when older homeowners also demand that their own taxes be reduced. More politicians must be willing to communicate clearly that a crucial part of living in a city is accepting new neighbors. Free link: www.wsj.com/real-estate/...

wsj.comA San Francisco Apartment Tower Ignites a Generational Fight Over HousingA plan to build 800 apartments in an upscale district turns into a debate over whether longtime residents will make room for young newcomers.

Meanwhile, my nine year old is having a great time at Durham Bulls baseball camp, pitching with AAA relievers and attempting to hit scrimmage tosses from the outfield over the left field wall.

We watched the Pete Holmes (with Josh and Caitlin) episode of Make Some Noise and at one point he did a Godfather impression, and I had to explain to the 12 year old that he wasn't doing a Donald Trump impression.

In the past year, I've requested a lot of records from state and local governments. I was most impressed by the Dauphin County Register of Wills, who not only implemented a great online system to request a certified copy of the record I needed, but put her name on the envelope it came in.

Here in Montgomery County, many government functions simply can't communicate basic information. I searched for a while today for information on the free-for-students transit program to no avail. Mamdani, like Jean Marfizo King, has realized that you can just make stuff work and take credit for it.