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Technology / Re: Tesla Model 3
« Last post by eyephone on Today at 09:10:46 PM »
The federal tax electric car subsidy will be cut in half next year. To some people it doesn’t matter and to some people it will make a difference.

Also the solar panel tax credit is set to decrease after this year.

this is a good point and will definitely have an effect on the people who have been holding reservations for 2 years that are still hoping for a $35k model 3.  the fact is, a $35k model 3 won't be delivered until next year, and by then tesla's tax credit may be completely gone.

If you want to charge your car at home. Add $500 for Tesla Wall unit. Plus labor cost around $1000.
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Technology / Re: Mesh Wifi System
« Last post by woodburyowner on Today at 03:27:01 PM »
Excellent thread .  Maybe the experts here can help me with this situation --

My home setup is similar to Compressed-Village where my main modem/router (from Cox)  is located in the master bedroom closet on the upper level of the house.  While the signal is superb on the 2nd floor, it drops dramatically on the first floor. 

I do have CAT-6 outlets on the 1st floor,  so what I did was got an additional nighthawk router and set it up in my office room on the 1st floor.  And somehow, following instructions online, I was able to set it up to work properly on the same network name.  So far so good. 

Problem is now while the signal works well in the living room on 1st floor, it drops quickly in the backyard.  Everything is 5-G and the Cox guy had warned me that 5G while super fast, drops off quickly due to higher frequency / shorter wavelength. 

My question -- would I be served better by

1) getting another, third router and setting it up connecting to another CAT-6 point  on the 1st floor near the backyard
2) getting a wifi extender that plugs into an outlet near the backyard
3) ditching this whole complicated setup and just going with a mesh router system  ?  These do seem expensive and also I am biased to not want to disturb the nice Cox router setup in my master closet that works very well for the 2nd floor. 

thanks


Wait for a sale of the Tmobile ASUS Routers < $50.. was recently $38 for refurb and hack it to convert it to a RT-AC68U.  Buy 2 of these and you will get a pretty decent AI Mesh system.
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When there is a turn in the cycle - and there always is - does anyone want a robot to help negotiate your short sale? Can this same robot during a sellers market give you certain advice that the "all cash" sale you want to accept is really an "all cash sale....once they sell their own home they aren't telling you about". Every shiny and new e-realtor product has a shelf life of about a year or two because of the intricacies and nuances of a sale require more than an algorithm to get the job done. Remember how Zip Realty was the next big thing? It's been taken over by the traditional Coldwell Banker franchise. The data driven real estate sites (Zillow/Trulia and in some ways Redfin) will be the survivors as eventually some e-realtor systems will finally flourish.

There will be some commoditization of the Real Estate sales model. That much it a given. Hopefully those 2/3rd of real-a-ters who sully the license they've somehome managed to obtain will be the first to be washed out to sea by this wave of change. That's going to be a very good thing for the industry. The remaining survivors will have the 4-5% commission average squeezed down to 2-3%, and those interested in buying or selling a home will be well taken care of by a professional Agent, not a part time "area expert" with 1 sale in the past 14 months.

After almost a decade of systemic malfeasance by those in the mortgage business, once market reforms were forced upon the Banks, many of the bad actors were flushed out of the business. Many does not equal all, as we have come to see, but that's another thread. This same sort of reformation is coming to the Realtor world, but it will be market pressures and innovation that will thin the herd, not legislation.  We'll see in 3-4 years (IMHO)

My .02c
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IMO, one of the biggest flaws of the current system is the dual agency concept where an agent can represent both the buyer and seller.  There are just so many inherent conflicts of interest when this happens as every agent would love to make both sides of the commission.  Single agency (where agent only represents seller) has gained some traction in commercial real estate listings, but I've not seen it happen in single family.

The biggest issues with dual agency are transparency and not acting as an impartial facilitator between both parties.  The lack of transparency comes when agents don’t show all 3rd party agent offers or hold back key information from the seller in hopes of the seller selecting their buyer.  A good agent will lay everything out on the table and provide unbiased objective information to the seller so that the seller can select the right buyer.  Acting as an impartial facilitator is also very important when representing both sides because you never want to give away information to one side that would put them at a disadvantage to the other side.  I’ll give you an example when I’ve represented both sides...I email both the buyer and sellervthe same closed comps for the homes then I tell the Buyer based upon the data you tell me the offer that you’d like to make. Then I represent the seller my buyer’s offer and leave it up to them if they want to accept or counter. It can be challenging to represent both sides on a transaction but a good agent knows how to do it right.  ;)
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These sites are good first steps in what I see as an eventual transformation of the real estate brokerage industry; but I think it is still in its infancy and many homeowners are still better off going with a full service agent.
I agree. I think this is the direction we are heading eventually but in the far future. The 3% - 6% transaction cost involved in every RE deal makes RE investments inefficient. I am not an agent, my livelihood is not at stake, therefore my angle is obviously different. But I truly feel if we can make RE investment more efficient by lower the transaction cost significantly, RE investment as a whole will be better.

I am in the health care business and we have a lot of oversight and penalties involved because we handle people's most important asset, their health.
But, I have always been fascinated by how little oversight and penalties there are in RE. Yet, they handle most people's 2nd largest asset, their homes.
The lack of required transparency, the ethical conflicts of dual agent, and the extreme ease of acquiring a real estate agent license are just a few things off the top of my head that makes the current setup in RE seem questionable.

Yes, you do need a good agent in the current environment because the current RE setup is very flawed.

You echoed one of the things that I’ve always had a problem with in terms of becoming a real estate agent....the ease of getting your license with no educational requirement, no apprenticeship requirement, any easy exam with a high pass rate, etc. the reality is that over 80% of agents will fail and/or not be able to make a living being a real estate agent so it sorta becomes a big cash grab for the National, State, and local realtor associations. It’s a joke how easy it is to get a real estate license, especially if you compare it to how difficult it is to get a CPA license.

I’ve worked with a lot of agents over the past 10+ years and basically a third of agents are a pleasure to work with and knowledgeable, a third of agents are barely competent, and a third of agents are just a total waste of space. Working on a transaction with a good agent makes things go much smoother with less issues and last minute surprises.  Even from my point of view as a realtor, a good agent is worth their weight in gold.

One thing is clear, the old real estate model has to evolve and change because it’s as old as a fossil.  Most all realtors lack the ability to think out of the box and inovate and just end up following the same thing that they were thought by their mentor who was thought by their mentor who was taught by their mentor (you get the idea). As the saying goes, evolve or die. But hey, that’s fine because I look that much better with my work-effort Buyer commission credit model and my unique pay-for-performance listing commission model. 
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Technology / Re: Mesh Wifi System
« Last post by qwerty on Today at 01:22:59 PM »
Ditch your current setup and get the Orbi with a the main router and two satellites. So three pieces.  You can thank us later. It transmits both 2.4 and 5ghZ
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Technology / Re: Tesla Model 3
« Last post by Kings on Today at 01:22:22 PM »
The federal tax electric car subsidy will be cut in half next year. To some people it doesn’t matter and to some people it will make a difference.

Also the solar panel tax credit is set to decrease after this year.

this is a good point and will definitely have an effect on the people who have been holding reservations for 2 years that are still hoping for a $35k model 3.  the fact is, a $35k model 3 won't be delivered until next year, and by then tesla's tax credit may be completely gone.
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Technology / Re: Tesla Model 3
« Last post by qwerty on Today at 01:19:50 PM »
I heard that the potential buyer @$420 is Saudi Arabian.  If Tesla is Saudi Arabian owned, it might hurt the goodwill of the brand a bit.

Back to the Model 3.  I have 3 different friends who were on the list and were notified that they can order their car.  All 3 changed their minds once notified.  That's pretty anecdotal, but if that happens frequently enough, it could hurt Tesla's projections.
Saudi’s are hedging their money like FCB’s buying properties outside their country :)

I see tons of 3’s in Irvine, actually Tesla’s in general, not so much as I drive further away.

You see a ton of Tesla’s in Irvine because people in Irvine not only like to overpay for their homes but also their cars
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I agree with the purchase of a SFR with lower HOA and MR as the best strategy but not sure you need to go all the way to 1.5. I think you should target 1.00-1.25. Remember return goes up as rents go up and tax rate stays lower and increases slower.

My friend owns three homes purchased in 2014, 2015, 2016. There has been considerable appreciation on all in just a short few years. Minus that the rents have also increased. I'm not talking about the multifamily garbage in the news where people are talking about rents going up 30 or 40% from the year before (which is not cool) just your standard 3% increase.
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IMO, one of the biggest flaws of the current system is the dual agency concept where an agent can represent both the buyer and seller.  There are just so many inherent conflicts of interest when this happens as every agent would love to make both sides of the commission.  Single agency (where agent only represents seller) has gained some traction in commercial real estate listings, but I've not seen it happen in single family.
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