About TechGromit


Befriend (6)
85 threads
45 male
Egg Harbor City, NJ
Followed by 0
Following 1
Ignored by 1
Ignoring 3
Ignore TechGromit
In United States
Registered Jun 08, 2007

Please don't confuse me with Facts, they get in the way of my distorted view of the world.

TechGromit's most recent comments:

  • On 21 Apr 2014 in Housing Bubble 2.0 Veers Toward Housing Bust 2.0, TechGromit said:

    This housing bubble has some fundamental differences than the last one. I don't know where all this money is coming from to buy these houses, but it's not from banks lending it to unqualified home buyers. So long as there are renters willing to rent the properties investors are buying, often at ever increasing rental rates, I guess the "end" or pop will be when rents are too high for renters to afford. Vacant properties equals loses to investors, which will force a end to rising prices. Not a collapse however, more of a market price stabilization. Once prices drop to a point investing makes economic sense again, investors will rush back into the market, which will prevent a housing market collapse like we had before.

  • On 21 Apr 2014 in Your gas dollars at work, building world's tallest building in Saudi Arabia, TechGromit said:

    I'm not sure how we got on the subject of cars from office space, but what the hey. $10,000 is a heck of a lot of gas. The average American drives 10,000 miles a year, at 35 mpg, that's 285 gallons of fuel a year. at $4 a gallon, that's around $1,100 a year. So your talking 9 years to pay for that premium in price of your natural gas car, and that's not even including the cost of Natural gas, at $2 a "gallon" of Natural gas, your car is going to have to last you 18 years, just to break even.

    It's a nice dream cheaper fuel, but it doesn't add up in the end. Of course if gasoline prices spike to $10 a gallon in the future and Natural gas prices hold steady, it might make economic sense, but with all the new oil wells in the United States producing oil, I don't see prices spiking anytime in the next 5 years.

  • On 21 Apr 2014 in Your gas dollars at work, building world's tallest building in Saudi Arabia, TechGromit said:

    I highly doubt there are sufficient tenants to occupy such a building in Saudi Arabia, the building of skyscrapers in cities like New York was a necessity due to space limitations, not because they look pretty. In Dubai, office building’s occupancy rates are less than 50%. There’s no good economic reason to be building more buildings in Dubai, and I’m sure the same holds true in Saudi Arabia. New York in contrast, office space occupancy rates are at least 90%, and residential apartments are even higher, at 99%. Sure they can build it, but I believe it’s economically irresponsible to do so. Building an excess of office space isn’t going to solve Saudi Arabia’s future economic stability when there oil runs out.

See other users near TechGromit

Home   Tips and Tricks   Questions or suggestions? Mail p@patrick.net   Thank you for your kind donations

Page took 153 milliseconds to create.