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Housing

    1. The "Sharing Economy" is here to stay

    2. People want to live in cities. Suburbs are dead.

    I first wrote this on July 20, 2015 but I was premature. The suburbs are bouncing back (at least partially). But there is a trend away from the suburbs and towards cities and urban living. This is partly because of the sharing economy (see #1) but also people want to be closer to restaurants, culture, etc. And they also want their kids to be able to walk or bike to school instead of having them take an Uber or Lyft every morning.

    3. Home ownership will go down and renting will go up.

    People used to buy homes in order to lock in a 30 year mortgage at about 6% interest so you could amortize the price of your house over 30 years and not have a monthly payment. Now you can rent for much less than it would cost to buy a house so why would you buy? You just don't lock yourself into that 30 year mortgage (unless you plan on living there forever). So home ownership will go down for all age groups except for seniors who are moving into senior communities where they know they'll be there for the rest of their lives.

    4. Rents will keep going up but quality will improve dramatically

    In NYC, we've been seeing two bedroom apartments going for $3000-$5000 a month now that sublets are getting harder and harder to find (see next item). But what's interesting is that these apartments have been going through renovations lately as landlords try to compete with each other by making nicer apartments than ever before.

    5. Sublets are hard to find right now but coming back

    When I moved out of my apartment in June I had trouble subletting it even though it was almost empty when I moved out. I finally found someone after about ten days but it was very difficult even though the rent was much lower than market value since my landlord had already done some renovations on the place and didn't have huge expenses like broker fees or real estate taxes during those ten days while I looked for a tenant. There's just too many people looking for places right now AND landlords don't want tenants moving out unless they know they can fill it immediately with someone paying full market rate plus broker fees and real estate taxes which can add up quickly if you're renting an expensive apartment in NYC or San Francisco or similar markets.

    6. The Sharing Economy + AI = major improvements in living experiences

    First, AI means your landlord can monitor everything that happens in your apartment remotely without having any employees physically present at your building (this has been happening slowly over the past few decades but AI makes it easier). So if someone breaks into your apartment at night while you're sleeping, AI can call 911 immediately without anyone having to see anything happen firsthand since AI monitors all cameras 24/7 and knows exactly where everyone is located at any given moment within a few feet accuracy (and this accuracy will only increase as more sensors get put into buildings). Secondly, due to AI monitoring everyone who enters your building, no one has ever break into an apartment again because everyone entering an apartment building would be identified immediately by facial recognition software combined with all other data available about them from social media profiles, credit card purchases, etc so if anyone suspicious enters then security would be alerted immediately due to prior knowledge about them on social media or via purchases made using credit cards that require identity verification before purchase.. Thirdly, food delivery services will become much better due simply because food delivery services have access not only food databases but also health databases since many people use health trackers nowadays which generate lots of data about diet needs based on blood chemistry analyses done by
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