I like what I know of Costco, as a service, and as a company. But that architectural rendering, of the cool housing straddling the no-frills Costco big box, reminded me of Idiocracy's "Welcome to Costco; I love you".
The Costco of Housing is Costco? The retailer's plan to use CA housing laws
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Re: The Costco of Housing is Costco? The retailer's plan to use CA housing laws
#12I'm continuously impressed by Costco. Not only is it one of my favorite places to shop, but I also recently recent to the Acquired episode on Costco[0] and was super impressed by how they run their business. They've continuously been able to align their unique advantages to reenforce each other and make their advantages even stronger. I highly recommend this episode to everyone. [0] https://www.acquired.fm/episodes/c…
And they are starting their own ad network.
https://todaysecommerce.com/2024/06/costco-is-working-on-ad-...
Re: The Costco of Housing is Costco? The retailer's plan to use CA housing laws
#13I'm continuously impressed by Costco. Not only is it one of my favorite places to shop, but I also recently recent to the Acquired episode on Costco[0] and was super impressed by how they run their business. They've continuously been able to align their unique advantages to reenforce each other and make their advantages even stronger. I highly recommend this episode to everyone. [0] https://www.acquired.fm/episodes/c…
The beauty of competent management from the very top down. They understand that paying people a living wage has become a massive competitive advantage these days.
Re: The Costco of Housing is Costco? The retailer's plan to use CA housing laws
#14I like what I know of Costco, as a service, and as a company. But that architectural rendering, of the cool housing straddling the no-frills Costco big box, reminded me of Idiocracy's "Welcome to Costco; I love you". https://www.youtube.com/watch?v=sdNmOOq6T8Y
It is just like how they are tearing down one story grocery stores and building them as 4 or 5+1s with the store on ground floor and housing up top. This is much better land use anyways.
Re: The Costco of Housing is Costco? The retailer's plan to use CA housing laws
#15Earlier quoted context omitted.
I would very, very gladly live in a Costco apartment complex above a Costco store. Being able to buy Costco rotisserie chicken, ribs, and pizza anytime? Sign me up!
There is a Trader Joes with a apartment complex above it in Milpitas, CA (in the SF bay area). I've seen that in my city too but it needs to become more common.
I used to live in an apartment complex with trader Joe in the westwood area of LA near UCLA. Oddly enough, I would walk over to the whole food’s or Ralph’s instead to grocery shop (but everything was walkable, even the target across the street).
Re: The Costco of Housing is Costco? The retailer's plan to use CA housing laws
#16Any housing that can be built is good housing for places that have a severe supply-side constraint of housing. The only way to bring house prices down is to build build build. I'd actually be quite trustful of a Costco apartment.
I wonder what the return policy will be like.
Re: The Costco of Housing is Costco? The retailer's plan to use CA housing laws
#17As a former (well, still card holding) union laborer I have to express my displeasure at Costco circumventing the prevailing wage requirements by building modular sections offsite and trucking them in. Other than that, I like the mixed use approach to this building.
Re: The Costco of Housing is Costco? The retailer's plan to use CA housing laws
#18I'm continuously impressed by Costco. Not only is it one of my favorite places to shop, but I also recently recent to the Acquired episode on Costco[0] and was super impressed by how they run their business. They've continuously been able to align their unique advantages to reenforce each other and make their advantages even stronger. I highly recommend this episode to everyone. [0] https://www.acquired.fm/episodes/c…
> their unique advantages
What are those? I never really found any sort of "unique advantage" of Costco. Certainly nothing to drive the extra distance past Sam's. While I had a membership, it was largely more expensive or didn't have what I wanted.
Re: The Costco of Housing is Costco? The retailer's plan to use CA housing laws
#19Of course, the fact that this housing will be filled up immediately, will have almost no effect on anyone’s opinion in the local governing world
Re: The Costco of Housing is Costco? The retailer's plan to use CA housing laws
#20Will Costco be collecting rent? The mental gymnastics are impressive. It’s not a good thing that Costco gets to expand to housing. This is just like private equity and 401k’s buying houses. People should be able to own their own housing not become lifelong renters.
Rental apartments are important for people who plan to live there less than 5-7 years. If all apartments were condos and there was no renting , where are people who don’t have a down payment saved supposed to live? What if they need to move to a larger place after a year or two?