Real Estate Crash thread

**Meadow Skipper** · 11-08-2021, 03:28 PM

Originally Posted by Benny Profane

Yeah, like you snarky little children give a fuck about Texas.

Oh, I’m not defending Texas (at the moment, anyway), I’m highlighting how full of shit you are. Pay closer attention.

Originally Posted by Benny Profane

What am I, your fucking newsfeed? Leave the porn sites and read.

I point to this quote as an example. You can do better…I think.

**dunfree** · 11-08-2021, 03:31 PM

Originally Posted by altasnob

Houston is the 25th most densely populated metro region in the US. Dallas is 19th. Both are more dense than other supposedly well-planned urban areas; Seattle (27), Minneapolis (31), Portland (84), Denver (96), and Salt Lake City (371). Houston is also one of the least white, most diverse, metro areas in the US, less white than Dallas.

Of US cities, only NY and LA metro regions have a population density above 2,000 people per square mile. Compare that to other international metro regions; Tokyo, Barcelona, Moscow, Buenos Aires all with over 12,000. London and Madrid over 13,000. Singapore, St. Petersberg, Santiago, and Mexico City, 21,000. Mumbai, the most dense urban region is over 76,000.

where the fuck did you get the idea Minneapolis was well planned for today?

it stopped caring in the 1950s/1960s, really. Not much different than Seattle or PDX, the scanditrash emigrants liked the fucked up death of the dream

**mcphee** · 11-08-2021, 03:47 PM

Originally Posted by Benny Profane

This guy walk around cities all across America. He found a particularly souless one, worse than Houston.

https://intellectualinting.substack....merica-orlando

The conclusion of the article states that the place does indeed have a soul. The soul of any place is defined by the people that populate it and not some outsiders expectations of its aesthetics. Did you only look at the pictures, dipshit?

Sent from my iPhone using TGR Forums

**Name Redacted** · 11-08-2021, 03:52 PM

WTF? Houston? Orlando? WTF?

**Benny Profane** · 11-08-2021, 06:33 PM

Originally Posted by Meadow Skipper

Oh, I’m not defending Texas (at the moment, anyway), I’m highlighting how full of shit you are. Pay closer attention.

I point to this quote as an example. You can do better…I think.

Nope. That's all you deserve.

**Benny Profane** · 11-08-2021, 06:36 PM

Originally Posted by mcphee

The conclusion of the article states that the place does indeed have a soul. The soul of any place is defined by the people that populate it and not some outsiders expectations of its aesthetics. Did you only look at the pictures, dipshit?

Sent from my iPhone using TGR Forums

Um, yeah, maybe you missed this, Mr. Rogers.

"At the macro level is is a souless town. A patchwork of cocooned gated communities connected by brutal “transportation!”

In many ways it is the first step towards the hated and roundly mocked future our politicians seem to want for us. One where plebes live in pods watching content, while hooked up to a bug slurry IV. But instead of bug slurry, it is Buffalo Wild Wings, which you have to drive to first before it can be injected into you.

Everyone involved — city planners, the politicians, Disney, developers — have done their best to make Orlando a place devoid of organic community. They have done their best to build a city that squeezes out the human soul."

**mcphee** · 11-08-2021, 06:39 PM

Originally Posted by Benny Profane

Um, yeah, maybe you missed this, Mr. Rogers.

"At the macro level is is a souless town. A patchwork of cocooned gated communities connected by brutal “transportation!”

In many ways it is the first step towards the hated and roundly mocked future our politicians seem to want for us. One where plebes live in pods watching content, while hooked up to a bug slurry IV. But instead of bug slurry, it is Buffalo Wild Wings, which you have to drive to first before it can be injected into you.

Everyone involved — city planners, the politicians, Disney, developers — have done their best to make Orlando a place devoid of organic community. They have done their best to build a city that squeezes out the human soul."

Bless your heart.

**dunfree** · 11-08-2021, 07:47 PM

Originally Posted by Name Redacted

WTF? Houston? Orlando? WTF?

Pissed he forgot Atlanta in the shithole sprawl that spawns ski bros that forget where they came from except for foootball?

**El Chupacabra** · 11-08-2021, 07:50 PM

Originally Posted by mcphee

Bless your heart.

Bless.

**Name Redacted** · 11-08-2021, 08:11 PM

Originally Posted by dunfree

Pissed he forgot Atlanta in the shithole sprawl that spawns ski bros that forget where they came from except for foootball?

Wtf are you talking about?

**Meadow Skipper** · 11-08-2021, 10:51 PM

Originally Posted by Benny Profane

Nope. That's all you deserve.

But…what about the rest of the collective? Don’t they all deserve a little effort on your part?

**Conundrum** · 11-08-2021, 11:23 PM

I expect nothing more than little from he who is all of us.

**El Chupacabra** · 11-08-2021, 11:35 PM

Originally Posted by Meadow Skipper

But…what about the rest of the collective? Don’t they all deserve a little effort on your part?

Ask not what your collective can do for you, ask what you can do for your collective.

**Benny Profane** · 11-09-2021, 08:21 AM

https://www.strongtowns.org/journal/...of-nice-places

"When I spoke with the developer of Serenbe, an affluent community outside Atlanta being built on traditional town design principles, he told me that the public investment required to build in that way offers a 60% savings over conventional suburbia. Let me stress that: Urbanism is substantially cheaper to build than suburbia. (So why is Serenbe an affluent community? If you've been reading this far, you know the answer.)"

**Benny Profane** · 11-10-2021, 09:26 AM

It’s tough to make predictions, especially about the future.

https://awealthofcommonsense.com/202...llows-blunder/

**liv2ski** · 11-10-2021, 09:48 AM

That is why a long ownership horizon has won for RE in my lifetime.

**Ted Striker** · 11-10-2021, 10:37 AM

Zillow's problem was hubris.

Zuckerberg can collect all of the data in existence, but will never feel the simple joys of being human.

**Garbowski** · 11-10-2021, 10:45 AM

Collecting data is the easy part, knowing what to do with it is still shockingly rare.

**dunfree** · 11-10-2021, 12:39 PM

If this is to be believed
https://www.businessinsider.com/zill...ilures-2021-11
they had the data, they knew what to do with it, but management wanted to show more growth than they could get and so pushed them to do dumb shit. Which is all to common, and more desperation than hubris.

**Supermoon** · 11-10-2021, 12:55 PM

Chasing quarterly numbers at the expense of your long term success is a classic failure of public companies.

**Toadman** · 11-10-2021, 02:15 PM

Zillow CEO should be fired. Surprised that hasn't happened yet.

**Benny Profane** · 11-10-2021, 02:18 PM

Originally Posted by Supermoon

Chasing quarterly numbers at the expense of your long term success is a classic failure of public companies.

Thus, the long, awful death of GE, which just announced it was splitting into three companies. Good job, Welch.

**Benny Profane** · 11-10-2021, 02:19 PM

Originally Posted by Toadman

Zillow CEO should be fired. Surprised that hasn't happened yet.

If he's like any other modern "disruptor", he owns the board.

**dan_pdx** · 11-10-2021, 02:40 PM

Meanwhile, in Bellingham, we had another swing and a miss in our long-running attempt to buy a house there; we lost to a cash offer that was in the neighborhood of 12% over asking. But hey, on the bright side, at least I don't need to change my TGR handle.