over 700 acres no?Quote:
Originally Posted by mud
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over 700 acres no?Quote:
Originally Posted by mud
Hey, turn those malls into affordable housing!Quote:
Originally Posted by californiagrown
The developments ive seen have limited affordable units, just enough to hit the number mandated by code. The developer typically shoots for a more high-end clientele with the residential and retail tenants.Quote:
Originally Posted by Toadman
Residents requiring affordable housing arent typcailly going to support the retail tenants in their development to nearly the same level as market rate residential would. Though, mandating a higher percentage of affordable housing in those developments would be a good idea for sure. These malls are in well thought out high traffic areas, typically with good access to public transportation so they are really ripe for high density residential redevelopment.
Most likely to become storage facilities to store all the unused items they bought at that mall. Full circle! Yay!Quote:
Originally Posted by Toadman
Hudge tracts of land are always appreciated.Quote:
Originally Posted by sirbumpsalot
At what point in the future are those going to come crashing down? I cannot believe how many new ones have gone up around here in high rent districts. One day people will wake up and say wtf am I doing pissing $$ away storing all this shit I don't use.Quote:
Originally Posted by mcphee
I'm guessing never. When we had our little development company, I really wanted to build or buy and operate a self storage (mostly because my brothers and I had a lot of junk, and wanted to put a big shop on it).
We looked at two on Loopnet - one local, and one just down the road. Both had stupid asking prices, which I assumed were based on land development potential. Then I saw their books. Year over year occupancy in the high 90%s, low operating costs, and despite what "reality" TV would lead one to believe, surprisingly few defaults.
Exxon stock is at $105 today. Apple is $184. Public Storage is $285. Because storage is where you put stuff that's already paid for, so you can continue to pay many multiples, over many years, so that your heirs can have the pleasure of taking it to the dump.
And I'd wager this is *exactly* how most of it goes. People are weird...Quote:
Originally Posted by Ted Striker
It gets worse. When my grandfather died and we cleaned his house out to sell it, we sorted everything into keep, give away, and garbage categories. Guess what my parents did with the "keep"...
:DQuote:
Originally Posted by Ted Striker
"How to Get Rich," Ramit Sethi's netflix show, has a revealing experience with a couple and their storage unit. They spend $100/mo on the storage unit (or whatever it was). It stores things like a microwave they're hoping to sell for $50. So if they keep the storage unit for 1 year for worthless junk, the microwave is worth -$1150, not $50.
My Mom and Dad have been living in the same house since 1963 after leaving Detroit and they are both the sentimental/nostalgic type and a little hordy. I've helped keep the home presentable to outsiders but in Florida they have these outdoor utility rooms instead of basements or garages. They have two rooms, one for Mom where the electric panel lives and has been kept clean and one for Dad, I've cleaned Mom's out several times over the years but Dad's was packed floor to ceiling back in 1984 and I've honestly been to scared to open it since then. I'm heading over later today, maybe have to unseal that crypt eventually.
https://www.youtube.com/watch?v=MvgN5gCuLac
Tech, an Early Booster of Remote Work, Wants People Back in the Office
Quote:
Google, which requires most workers to be in the office three days a week, sent a companywide email last week telling workers that office attendance would begin to factor into performance reviews. The company also told employees that teams would be sending emails to those who are consistently absent and it would encourage remote employees who live near an office to consider switching to a hybrid schedule. “Our offices are where you’ll be most connected to Google’s community,” the email said. “Going forward, we’ll consider new remote work requests by exception only.”
History rhymes:
S&L crisis 1990
S&Ls also began investing in riskier commercial real estate and even riskier junk bonds. This strategy of investing in riskier and riskier projects and instruments assumed that they would pay off in higher returns. Of course, if those returns didn’t materialize, it would be taxpayers [through the Federal Savings and Loan Insurance Corporation (FSLIC)]—not the banks or S&Ls officials—who would be left holding the bag. That's exactly what eventually happened.
I remember all the empty half finished commercial buildings. It seemed dire then but cheap gas and the internet eventually got things going again.
The way crude oil is trading it could happen again. 3 years ago you couldn’t give oil away.
The more things you own, the more those things own you.Quote:
Originally Posted by Ted Striker
I talked to a guy who had a bunch of toys mostly motorized and the money he spent just on insurance every year was > the cost of all my skis bikes kayaks at the time
I have way too many skis that I should get rid of but they are not worth anything
No, that's marriage, toys are upgradable and improve your life.Quote:
Originally Posted by neckdeep
...around here at least, there is a definite trend to purchase a smaller home (condo generally) and rent storage for the snowmobiles, boats, off season items etc). It is also done to maintain HOA compliance.
Commercial/Industrial space is so scarce that many contractors and such need storage facilities for their business.
Sent from my Turbo 850 Flatbrimed Highhorse
Same - A lot of storage units in Bend. They keep adding supply, because people keep moving here with all the stuff that includes stuff in storage when they moved. So, they just move it into a new storage unit when they get here. Kind of crazy. We rented one for about 18 months when we were living in a tiny rental house. It was tough finding any place that had a storage unit available. $100/month for the unit. Mostly some oddball sporting goods, furniture and old dinnerware from a great grandmother that has more sentimental value than real value.Quote:
Originally Posted by Foggy_Goggles
I met a married couple a year ago at the bike area who were scoping out places to move and then this year they moved
they decided " hey we are from auz and Canada so what the fuck are we doing in America ?
so they sold their house tripling their money, loaded up the sprinter van and headed narth
so far the only thing they miss is the instant mail order & courier services
It might take another 5, 10 years but I think in the long term the vast majority of jobs are going to get pulled back into the office. "The Man" is catching on to the fact that people simply are not as productive for the company while working remote as in the the office. Sure, you might be getting your work done remotely, but if you get it done in 5 hours and fuck around for the other 3 the employer is ultimately losing money on that deal.Quote:
Originally Posted by yeahman
Being in the office doesn't mean you are productive...Quote:
Originally Posted by east or bust
https://www.youtube.com/watch?v=j_1lIFRdnhA
True, but that ultimately falls on the manager, who can then be held more accountable by upper management for their employees in the office who they supervise all day vs their remote worker who lives in their van on the beach in San Diego and "works" 8 hours a day but actually surfs for 4 of them.Quote:
Originally Posted by summit
It's only after we've lost everything that we're free to do anything.Quote:
Originally Posted by neckdeep
so the bosses and all the people who have to wake up every day and goto an acutal job are upset that some people get to lounge around in pj's do laundry go outside and weed the garden not commute get a fat paycheck and they get to call that work
I guess I see how it is
sent from the home office high as a kite in my pjs pretending to work and posting on tgr
Dude this is a shitass old school "butts in seats = productivity" management style.Quote:
Originally Posted by east or bust
If it is a job that can be performed in 4 hours by a high performer and 8 by your expected worker, perhaps you did succeed in setting reasonable measurable productivity goals but failed to incentivize additional productivity.
As I've said from the beginning based on personal experience, and it's reiterated in the WSJ article, the real difficulty in remote work comes when you try to onboard new employees. We're at the point now where that's increasingly becoming an issue due to inevitable turnover.
Fucking nailed er Fred, well kind of.Quote:
Originally Posted by fastfred
Those people maybe are upset, but the real driver here is the bottom dollar being surveilled by corporate/private CEO/CFO. I don't pretend to know the numbers but if Google puts out a policy like that it's driven by dollars not jealousy.
IBM has been doing remote HW and SW support for I'm guessing 25 yrs, i used to talk to country support guys in their basements and it didnt seem to matter, they need an interent connection for the LT and headset, support guy takes a call from the cue and takes another when they finish for 8hrs, it didn't matter if they were in a cubical downtown or at home they generate real on-line stats
but when they gave me an LT that was the end of productivity
Some companies will figure out remote work, and others won't.
I'd wager the ones that can figure it out will have their pick of productive talent.
And at the end of the day, as a manager, do they really give a f**k if someone gets the work done in 2 hours vs. 8 so long as the work gets done?
¯\_(ツ)_/¯
I'm not disagreeing with anything your saying, just that it's simply not the current attitude in a corporate environment where the only thing they really care about is maximizing profits.Quote:
Originally Posted by summit
Pull the lease, water bill, electric bill, toilet paper, coffee, etc out of your expenses and take a look at p&l bottom line.Quote:
Originally Posted by east or bust
Sounds like you better get to work with modernizing your onboarding process. Hemming and hawing about on a ski forum in the middle of the day seems par for the course with the lumberghs though.Quote:
Originally Posted by yeahman
That's a pretty dumb take.Quote:
Originally Posted by mcphee
You’re a dumb takeQuote:
Originally Posted by yeahman
Im the king of convincing myself to buy something new by saying “I’ll sell the old one for X dollars”. But then never selling it.
If your job can be done from the couch, probably best to think long and hard if it's worth paying you to do it.
I think what you should probably be angling for is hybrid. If your physical presence isn't needed, ChatGTP, India or some motivated young buck in Peoria is coming for you job.
But you do you. If you can make it stick, more power to you. But it ain't your choice to make.
Sent from my Turbo 850 Flatbrimed Highhorse
I work for a global company. Most employees on-site, but certain roles are almost exclusively remote. Has been like that for 30+ years.
I’ve been remote for about 15 years, in a role that isn’t typically remote, since they wanted to keep me even though I was moving across country regardless.
The idea that your job is going to be in jeopardy just because it’s remote is a bit naive I think. I just lost a co-worker in a similar role to me, who had been with us for a few years, because he couldn’t perform. He was in office full time.
I do agree that on-boarding is more difficult with everyone being remote. I worked on-site for 5+ years before going remote.