Heaven or High Water – Selling Miami's Last 50 Years • Hacker News Board

Re: Heaven or High Water – Selling Miami's Last 50 Years

#151

Post by mr_overalls » Mon, Apr 08, 2019, 1:17 PM UTC

pault wrote: post #106

cplantijn wrote: post #79

Earlier quoted context omitted.

I've worked as an intern at a commercial property company (Colliers International) several years ago. One thing I've learned is that commercial property (be it office or residential) is always being sold. They are essentially large bonds you can touch and live in.Party A develops or buys the building, gains an annuity via rent, attempts to raise rent slowly over a few years (thus increasing the value of the property)…

Every two to three years? The apartments I've lived in raise the rent by $100 every year without fail.

Do you live in a high-priced urban area? I'm curious what this increase is for you as a percentage of total rent.

Re: Heaven or High Water – Selling Miami's Last 50 Years

#152

Post by dbuder » Mon, Apr 08, 2019, 3:24 PM UTC

mcculley wrote: post #95

wallace_f wrote: post #89

Earlier quoted context omitted.

Markets are made by both buyers and sellers. Demand is ostensibly driven by consumers, and value created by meeting consumer demands. Are consumers demanding the above with their money and not just their mouths? I doubt it.

That thing that interests me is that it is a clear market failure. 30 year bonds pay a higher interest rate than 5 year bonds. So one would think there is incentive to plan better for a building that lasts for 30 years. But we are changing the climate and other things with effects that will be felt long before 30 years. The U.S. Treasury does not offer bonds beyond 30 years, so presumably the entire system can't plan…

Note any more! The t-note recently inverted.

Re: Heaven or High Water – Selling Miami's Last 50 Years

#153

Post by pault » Mon, Apr 08, 2019, 6:25 PM UTC

mr_overalls wrote: post #151

pault wrote: post #106

Earlier quoted context omitted.

Every two to three years? The apartments I've lived in raise the rent by $100 every year without fail.

Do you live in a high-priced urban area? I'm curious what this increase is for you as a percentage of total rent.

It's about 0.5%.

Re: Heaven or High Water – Selling Miami's Last 50 Years

#154

Post by dredmorbius » Mon, Apr 08, 2019, 7:42 PM UTC

manigandham wrote: post #148

dredmorbius wrote: post #142

Earlier quoted context omitted.

it's unlikely for there to be that many rides queued up at a single residential location The premise of this thread was that there were.

I think it's about having a pickup/dropoff area, not necessarily a queuing system, especially because ridesharing does not use traditional waiting queues.

Again, specifically not the case here. You are having a different discussion.

"if there's already a taxi rank, then uber should be using that space to pick-up/drop-off. If there isn't, then the current building is already unfriendly to taxis."

https://news.ycombinator.com/item?id=19596930