There usually are reasons for real estate prices that you can’t know from basic stats.
Also about the point of being unaffordable, your first listing basically doubled since the last sale a few years ago, so in relative terms things aren’t looking too good. The second one’s estimate seems to have gone down recently, which tbh in this environment makes me think there is something very wrong with the house or the area and I would research the crap out of it before even considering looking at it.
There are thousands of homes in this price range on Zillow across the country.
Hell is most of the US you could buy a trailer and some land, bit of solar and batteries, build out a cesspit and start building something piece by piece.
Of course you can’t be 20 minutes from Times Square if you do that. But 100 million people want to live in Manhattan, and they can’t all do
Probably nobody knows for sure. I can say why I’m not bullish but it’s just a post hoc rationalization.
Tesla: general economic environment, stiffer competition and too many things piling up that will come “next year”, which will dry up one of their historical advantages (i.e. get paid now, deliver never). Probably some sell pressures from Musk cashing out for twitter and from a certain demographics of investors hit particularly this past year. On top of all that, Musk has been in the media too much and his true self started showing, alienating mostly potential customers and not making much inroads with the more conservative folks.
Meta: that just seems the nature of the space. Products are in and out within a few years, retaining mostly a certain demographic which grew up with them. They were able to stay relevant via good acquisitions, but were not able to do so for a couple of cycles now due to competition not interested in selling (Snapchat, TikTok). To accelerate the decline: general economic environment, privacy restrictions, and an expensive pivot to VR where the market seems way too small to support such valuations.
ChatGPT behaves like it’s either under examination and might as well say something with confidence, or it’s just been trained on a body of work written mostly by bullshitters. Would be nice if it just said it didn’t know some times.
There’s really no way to tell. If there is a hole and they broadcast that early, there will be a run and they are toast, so, like everyone else so far, they can only continue to service withdrawals until they no longer can. And up to that point, from the outside, things are identical with or without hole.
> as Carvana was able to undercut its brick-and-mortar competition with vehicle prices.
that I’m not sure how to make sense of it.
Right before Covid I was shopping for a used car, and I remember their prices being outrageously higher than dealerships. I’m talking saving a few thousands dollars just by taking the dealer’s initial price without negotiating.
Similar scenario just a couple of months ago, I was looking to sell and again reading how well they pay I got a quote… and it was less than half of the first number a dealer threw out (this was a really old and cheap car tbf, I don’t expect it to be that bad for more expensive ones).
Either way, I always wondered how they possibly stayed in business, since it seemed weird that so many people would pay so much for the privilege of being ripped off a lot by some far away corporation, instead of having a person in front of you ripping you off a little.
I deeply hate the dealership experience, but the bad feeling/buyer’s remorse wears off in a couple of days and I’d rather enjoy the extra money in my pocket.
It’s very illuminating to me seeing the comments in this thread shedding some light into what people liked about Carvana and how they were being too generous with returns and losing money at scale. That makes some sense at least. But whenever articles talk about their good prices, it feels like a buried ad.
You can do that cheaply by picking up a pair of reading glasses, or glasses with lower power if you are already nearsighted. Roughly, infinity will be at 1/diopters in meters, so +0.5 glasses will make 2m away at infinity, +1.0 at 1m, and so on, and similarly if you are at -3, -2.5 will make 2m infinity, etc. It's not exact because they are not thin lenses and there is a separation between lens and eye, but it should be pretty close.
I've been using one less diopter correction for a while most of the time, with an additional pair of glasses with the full prescription for driving. Not sure if it does anything or my nearsightedness just naturally stopped progressing though, but since it's working and not bothering me I have no interest in finding out.
