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GCrites

Burj Khalifa 2,722'
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Everything posted by GCrites

  1. Today's specialty shops like 1200-2000 square feet. I realize it's aspirational to design everything around a microbrewery or a pharmacy but that's not realistic. Luckily flexible floor plans exist.
  2. Companies are so bottom heavy today that working people on SNAP is often a large portion of shoppers at the supermarket/WalMart -- especially the ones with kids. If you go back to the early '80s, the way inflation finally subsided is by people putting their foot down and stopping buying stuff. The money was spread out far more evenly through the economy back then, though. These days, such a large portion of discretionary spending is done by Boomers and they aren't going to stop buying for anything. Since the supermarket/WalMart is driven by Not Boomers by this point I'd say there's a good chance if you cut SNAP benefits to pre-pandemic levels plus inflation that the stores will eat it and bring prices back down. There will be some short-term pain for the public as the stores try to find the price points they can get under lower SNAP benefits but you also have to wait for the effects to push their way all they way back up the supply chain which could take up to a year.
  3. I can't remember if the dirt part was a dirt oval or rallycross.
  4. It does happen when the market isn't so constrained. Take a look at the neighborhood just east of the intersection of N. Hamilton and Thompson Roads.
  5. I personally have seen residential move from Class A to Class B rather quickly in the Columbus market in the 2000s and 2010s. There is no guarantee in the 2020s so far though.
  6. Yes. The difference here is if we're talking about the lending environment for the developers or for the buyers. And how many people pay cash for a new condo in a particular development.
  7. Not enough condos show the kind of appreciation that other properties do as well --affecting the lending environment.
  8. Tracks actually don't do a good job of keeping people away. See Lime Rock Connecticut, Laguna Seca California and Bridgehampton New York. The people build anyway no matter how long the track has been there then tell the track to shut up. The real estate people don't have to tell them the track is there and people don't do their research before spending $1 million plus on a house. If noise and dust are an issue for you then I would recommend finding somewhere else. Keep in mind though, there have been an enormous amount of proposed race tracks that never happen, make it partway then stop or only stay open 5 years or less.
  9. I think condos are a manifestation of developers fearing a building won't fill up fast enough which is not an issue in today's market. With condos they started making at least some big money (sales, not just some rent) back right away if the building didn't fully rent immediately.
  10. Way more multifamily gets built today as compared to 2002, so despite similar construction numbers there's still not enough SFH around in growing markets. Lowering birthrates were creeping up on SFH builders but the big birthrate killer (2008) hadn't happened yet.
  11. That always happens. "It goes on and on and on, it's Hebron and Heath!"
  12. GCrites replied to a post in a topic in General Transportation
    What would this guy do out West?
  13. I was very underwhelmed when they first came to town, but my frame of reference was the Big Bear donut which I've learned was not realistic.
  14. I was surprised they went to the effort to tear down the Riverside one and put a little one up.
  15. Yeah they'll be on social media at their jobs since companies don't want to fire people for little stuff like that anymore.
  16. Less than 15 years ago, some Cincinnati bus stops were signed merely with a stripe on a light pole.
  17. As far as the question of how long the buildings have been empty -- I was guessing Madison's closed in 1994 and I was correct: https://www.columbusmonthly.com/story/lifestyle/2014/12/22/city-quotient-tell-us-about/22771815007/
  18. The lesson is "can it with the near-zero interest rate environments already". You lose the effectiveness of the interest rate as a tool if when you need to raise it it does things like make assets worthless. We know the Fed likes it when equities are the only viable investment vehicle but that makes it where there isn't enough choice in the entire investing realm.
  19. Any kind of boundary put on "tech" is supposed to be the apocalypse for innovation. Yet think about the kind of boundaries the people who did things like the airplane, automobile and harness electricity faced.
  20. Do they even do those disbursements on the first of the month anymore? It used to be that on the first of the month you didn't dare shop for food because it would be too busy. Now traffic at supermarkets is much more even.
  21. Whitehall is one of those suburbs that was on equal footing with all the others until the late '80s/early '90s when all the money started getting sucked up into Dublin-Worthington-Westerville. That's why it seems like time stopped then.
  22. GCrites replied to gottaplan's post in a topic in Ohio Business and Economy
    "Downtown DC" is NW DC and doesn't have much in the way of government buildings. It's the business district including offices for many lobbying organizations and other NGOs.
  23. I don't know when that Kroger closed. It used to be one of the best performers when I was a kid. I think the idea was that since the Groveport one opened, the Refugee/Chatterton connector happened with the Brice Kroger moving to Gender and Refugee plus the ongoing existence of the one at Main and Hamilton that people could disperse to those. I'm not 100% sold on that so to have food available in that space again is important.