21–30 of 260 posts
Off topic, but perhaps of interest to anyone in Thailand who would like to experience similar views firsthand: https://www.booking.com/hotel/th/thirty-nine-boulevard-execu... The room my wife and I booked in 2019 offered a panoramic, bird's eye view of Bangkok's skyline from one of the higher floors in the building. Not bad at ~$90 / night at the time.
> But despite the breathtaking views, Schmied says the multi-million-dollar condos were dishearteningly dull How many new apartments aren't dull? If you're spending $90 million on an apartment, the last thing you would want is for it to be in the style of some architect's avant-garde idea of beauty. If you want to add personality, you hire your own interior designers to find your own aesthetic.
> But despite the breathtaking views, Schmied says the multi-million-dollar condos were dishearteningly dull How many new apartments aren't dull? If you're spending $90 million on an apartment, the last thing you would want is for it to be in the style of some architect's avant-garde idea of beauty. If you want to add personality, you hire your own interior designers to find your own aesthetic.
Earlier quoted context omitted.
Wealthy people minus a few eccentrics are most certainly not parking their money in NFTs. The crazy $69MM Beeple headline was actually a purchase by an NFT related company from what I understand. Not withstanding unoccupied real estate investments are a problem in every major city. It's usually wealthy foreign investors living far away in particular...e.g. Russia -> London, China -> Singapore/Vancouver, etc. really s…
The simplest answer is land value tax
Off topic, but perhaps of interest to anyone in Thailand who would like to experience similar views firsthand: https://www.booking.com/hotel/th/thirty-nine-boulevard-execu... The room my wife and I booked in 2019 offered a panoramic, bird's eye view of Bangkok's skyline from one of the higher floors in the building. Not bad at ~$90 / night at the time.
Makes me want to take my few hundred thousands in retirement savings and live like a literal king in the 3rd world.
> They’re investments, not really meant for living in. They cast these huge shadows and block views—really change the skyline—just so they can stand empty. That is definitely one of the saddest parts for me. These billionaires (many of whom got their wealth in shady circumstances) are just using these condos to park their money. I may think NFTs are insane but at least when people with too much money park their wealt…
Like inheriting it, which is the shadiest of shady ways to make money
> They’re investments, not really meant for living in. They cast these huge shadows and block views—really change the skyline—just so they can stand empty. That is definitely one of the saddest parts for me. These billionaires (many of whom got their wealth in shady circumstances) are just using these condos to park their money. I may think NFTs are insane but at least when people with too much money park their wealt…
> They cast these huge shadows and block views
Talk about first world problems. Expecting a city skyline to never change is ridiculous. The only problem is that so few people use these buildings. The best kind of density regulation requires _more_ density.
Off topic, but perhaps of interest to anyone in Thailand who would like to experience similar views firsthand: https://www.booking.com/hotel/th/thirty-nine-boulevard-execu... The room my wife and I booked in 2019 offered a panoramic, bird's eye view of Bangkok's skyline from one of the higher floors in the building. Not bad at ~$90 / night at the time.
Off topic, but perhaps of interest to anyone in Thailand who would like to experience similar views firsthand: https://www.booking.com/hotel/th/thirty-nine-boulevard-execu... The room my wife and I booked in 2019 offered a panoramic, bird's eye view of Bangkok's skyline from one of the higher floors in the building. Not bad at ~$90 / night at the time.
Makes me want to take my few hundred thousands in retirement savings and live like a literal king in the 3rd world.
Earlier quoted context omitted.
The simplest answer is land value tax
Except that’s explicitly discouraging vacant lots and encouraging tall buildings. These owners can afford the tax better than anyone.