Real Estate Crash thread

[Danno]

I'm beginning to think Benny is just a contrarian about everything. Hmmm....

[PNWbrit]

Take a breath Benny.

You new around here?

[iceman]

My bad.

[PNWbrit]

I'm beginning to think Benny is just a contrarian about everything. Hmmm....

And you too?

Welcome!

[iceman]

Hey, why not just improve mass transit?

um

Covid?

Not in the works right now. I'm a huge mass transit fan but not this minute, But that's a different discussion. Mass transit is pretty good around DC but fuck me if I'm gonna walk a mile to a bus stop to take me to a train station that's a gonna drop me a mile from my restauarant, that option has been there for the 20 years I've lived where I live and it's pretty efficiently done and Fuck. That.

[liv2ski]

Plus, and people look at me like I have two heads when I say this, but self-driving cars are gonna be a game-changer for suburbia. And they are coming soon. Going downtown for some drinks and dinner now is hard if you live well out of town and like to party. Trust me on that one. It's a downer. You'd just as soon not go. But if you like nightlife, not going because you're worried about the drive home sucks. That has favored urbanism for sure in my world.

But if you could just sit in some sort of a vehicle (a mobile lounge!) and chill and do your thing and get delivered to a restaurant or a play or whatever for cheap, that's big. Same if you have to commute. Instead of spending 2 hours a day when all you're doing is driving, you have 2 hours to sit and do work with no interruptions. Or work on the way in and drink or get high and watch video and listen to tunes or pray and call Mom or whatever on the way home. That's a pretty big difference. Definitely would have improved my suburban sojourn.

Honestly, I can't imagine that technology being trustworthy to me in the next 10 years, but God Damn it would be nice to chill on that 6 hour drive back from Mammoth. Maybe even take a nap driving home after skiing all day.

[iceman]

...but God Damn it would be nice to chill on that 6 hour drive back from Mammoth. Maybe even take a nap driving home after skiing all day.

Fuck yeah it would. And it's gonna be cool, You'll sleep like a baby on 395.and wake up hung over. Er, I mean refreshed.

This shit is definitely gonna happen, make your real estate investments with it in mind. Now's pretty much time to act. Well a year from now after everybody's gone broke.

[Dantheman]

Puke detection seems pretty low on the list of engineering problems facing autonomous cars.

[iceman]

...and there are serious fucking challenges. I believe we'll figure them out in the 5-10 year timeframe. I could easily be wrong. Of course.

[Benny Profane]

um

Covid?

Not in the works right now. I'm a huge mass transit fan but not this minute, But that's a different discussion. Mass transit is pretty good around DC but fuck me if I'm gonna walk a mile to a bus stop to take me to a train station that's a gonna drop me a mile from my restauarant, that option has been there for the 20 years I've lived where I live and it's pretty efficiently done and Fuck. That.

So, Uber.

[m2711c]

autonomous cars will come way after autonomous trucks. lottsa money to be made cutting out the truck drivers.

[Benny Profane]

...and there are serious fucking challenges. I believe we'll figure them out in the 5-10 year timeframe. I could easily be wrong. Of course.

This all needs some serious federal spending and policies enacted. It ain't going to just happen if we leave it to asshole Musk and his ilk. I just don't see that happening at all. This country is fucked as a collective. Look what's going on with this virus. Nope, everyone is still going to be driving large pickup trucks to their cube or service jobs in ten years, and driving them drunk on Saturday night.

[schuss]

There's already billions of industry money (waymo, cruise et al) being invested in autonomous vehicles. It's not moving as fast as many want, but for certain use cases it will be very real very soon.
Heck, Volvo is even putting lidar in their next gen to make sure the hardware is there.
https://www.media.volvocars.com/us/e...e-self-driving

[iceman]

Yeah the whole rich getting eated thing could throw a wrench into that.

But, nah. We good.

[skiballs]

The new carjackings with be by nerds.

[schuss]

Yeah the whole rich getting eated thing could throw a wrench into that.

But, nah. We good.

Eh, the VC money is already spent and most of the engineers aren't rich

[gravitylover]

um

Covid?

Not in the works right now. I'm a huge mass transit fan but not this minute, But that's a different discussion. Mass transit is pretty good around DC but fuck me if I'm gonna walk a mile to a bus stop to take me to a train station that's a gonna drop me a mile from my restauarant, that option has been there for the 20 years I've lived where I live and it's pretty efficiently done and Fuck. That.

Yeah I'd have a 1.8 mile walk (on hilly, twisty, scary 230 year old roads with no sidewalks, shoulders or lights, to the nearest bus stop. Then it's nearly 90 minutes to the train station on the bus and another hour and change on the train into the city. Fuck that. The drive is an hour or so which means I'd be getting to the city at the same time I would have been getting to the bus stop. Mass transit doesn't count when you live in the burbs.

I'm seeing a distinct uptick in home prices around here, condos not so much yet but it's starting. More things are for sale and things that have been for sale for a while are occupied now. It seems that NYC is moving out and this area is going to benefit. I guess it's time to get the old mans empty townhome cleaned up and listed since he could never live in it alone again. 2 bd/2ba/garage, backs up to the golf course and the free shuttle picks up 250 feet from the front door that goes all over town and the train station. There are 6 tennis courts, 5 pools, the golf course, a restaurant and bar and a gym. You never have to do outside maintenance because you're not allowed so you just look out at nicely manicured grounds, the roof doesn't leak (for long) and you never have to shovel snow. It's the kind of place a city dweller might appreciate because it could potentially be done without a car if they can deal with the majority of their neighbors being over 70.

[iceman]

I'd think twice about selling it, maybe wait if it's not a big financial burden. You ain't a spring chicken and selling your place and moving into Pop's place in a year or so when things have calmed down a bit and the kids are out of the house (if that can happen) could be the power move.

[gravitylover]

Yeah we've talked about that a few times and I don't deal well with the "rules" part of these kinds of communities. Nothing outside other than a grill and table, not even a car in the driveway overnight, so the garage is useless for anything other than a smallish car and some very creative bike storage. I just can't picture being a condo person with no workshop/man cave potential. I'd rather put the money towards a place on the NH coast. Heck it ought to be semi tropical in a few short years with climate change and all of that, right?

[Benny Profane]

Yeah, but, zero maintenance.

[fastfred]

buy a house in a ski town
walk to the lifts walk to the bars
trails out the back door
all lifes problems solved

[Timberridge]

Yeah, but, zero maintenance.

I don't know about yours, but most condos are built like crap so when the nail pops, finger jointed trim opens up, and the squeaky floors start appearing after a few seasons, its not really maintenance free.

[mcsquared]

Yeah, but, zero maintenance.

Not zero. You pay your dues and somebody else does the bulk of it. Unless they don't and then you need to pay more.

[Benny Profane]

Yeah, but the costs are distributed out to all tenants. Socialism! Group buy. New roof on my building last year that everyone paid for.

My condo is gas heat, and it's old enough so that that is a common cost, not individually metered. Nice.

[Benny Profane]

C'mon, admit it, the reason America is such an energy hog is because of the single family home.