#life

Andrew Rice:

And so New Yorkers with garden-variety affluence—the kind of buyers who require mortgages—are facing disheartening price wars as they compete for scarce inventory with investors who may seldom even turn on a light switch. The Census Bureau estimates that 30 percent of all apartments in the quadrant from 49th to 70th Streets between Fifth and Park are vacant at least ten months a year.

30 percent. That’s insane.

Hard to know what a good solution is. A law requiring you to be present for a certain amount of time seems too restrictive. So does one requiring you rent it out full-time. So maybe Airbnb? I’m only half kidding.

sootmann asked:

So are you (and lefsetz) saying that existing automakers will be replaced by appliance-like Tesla-type makers, or that people will just start not driving? I get that kids today don't care about getting their licenses at 16-years-and-one-day like we used to, but if you think people will quit buying cars altogether, I doubt it. Kids will want cars once they have kids. What, you think you're gonna use Lyft to go school-practice-practice-store-home? That 300M people will move into walkable cities?

Yes, I believe we’re entering a time of decline for driving itself — certainly amongst the younger generations. It may be hard to see now because our world (especially in the U.S.) is so car-centric. But the pieces are coming into place that makes owning a car not only less attractive, but often unnecessary. 

Sure, it will hit dense urban areas first. But again, I see no reason why this doesn’t spread to all but the most remote reaches of the country. Things tend to sound crazy before they’re suddenly reality.

Anonymous asked:

Re "Kids Don't Care About Cars": So you think "kids" all want to drive the same $20K box? Do they all dress exactly the same, use devices for utility only too? The bottom line is there area so many things wrong about that piece that I wonder if the author has any clue about society, regardless of how technologically advanced it may be...

No, I believe that increasingly, they don’t care about driving anything. But maybe they will care what they’re driven in at certain times.

(This will obviously be true in denser cities at first. But I see no reason why this doesn’t spread to suburbs as well eventually.)