Buyer Beware The Hidden Secret to Home Pricing

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  • เผยแพร่เมื่อ 18 ก.ย. 2024
  • Book a consulting call with me. Real Estate mistakes are expensive.
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    In this reaction video, I dive deep into Tom Scott's fascinating coverage of a round house in San Diego, an engineering marvel that spins around itself! This unique property, showcased by Tom Scott, sparks an important discussion about the true valuation of homes and the inefficiencies in the residential real estate market.
    While Tom Scott highlights the engineering marvel behind this round house in San Diego, I bring a different perspective to the table. Is this round house, despite being an engineering marvel, truly worth the price someone might be willing to pay for it? In the residential real estate market, there's a common claim that a property's worth is defined by what someone is willing to pay for it. However, I argue that this doesn't necessarily reflect the true value, especially for a property like this round house.
    Throughout this video, I revisit Tom Scott's points, explore the intricacies of the round house in San Diego, and emphasize how the engineering marvel of this house is both a strength and a potential flaw in its valuation. The residential real estate market often overlooks the inefficiencies that come with unique properties like this, making the true home valuation a complex issue.
    As I dispute the claim that a property is worth what someone is willing to pay for it, I challenge the norms of the residential real estate market, using the round house in San Diego as a prime example. Join me as I explore how this engineering marvel fits into the broader context of home valuation and market efficiency.
    Watch the full video to see why I believe this round house in San Diego is a true engineering marvel but also a testament to the inefficiencies of the residential real estate market. Is this unique property really worth what someone might be willing to pay for it? Let's find out together!
    🔷 Original video from Tom Scott: • I thought this rotatin...
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ความคิดเห็น • 326

  • @vertigo2894
    @vertigo2894 หลายเดือนก่อน +23

    Come on man, your estimation was terrible in this case. It's worth at least 3.5.

    • @ArvinHaddadOfficial
      @ArvinHaddadOfficial  หลายเดือนก่อน +6

      Not with those finishes … it was gut renovation

    • @vertigo2894
      @vertigo2894 หลายเดือนก่อน +12

      @@ArvinHaddadOfficial Mate, not everything is about finishes. The innovation has value too. You need to update your analytical skills.

    • @vertigo2894
      @vertigo2894 หลายเดือนก่อน +4

      @@ArvinHaddadOfficial Having said that, when I buy, I would like you to to do the negogiations cause you hte overpaying. This is great for buyers. I just objected to your incredibly low evalutaion of this unique property.

    • @ArvinHaddadOfficial
      @ArvinHaddadOfficial  29 วันที่ผ่านมา +6

      A great way to look at the real valuation here is this : Would you lend (80% mortgage) to the new owner at $3.5M valuation? I know I wouldn’t and smart money would also never lend on that valuation

    • @SEROBERT
      @SEROBERT 29 วันที่ผ่านมา

      Wait - you go by vertigo? And you’re disagreeing with Arvin? Meanwhile the house would cause vertigo - all that spinning around, so disconcerting, never mind the concerns about structural problems. 😂 I have to agree with Arvin about the finishes just making the nausea that much worse

  • @MadDog_Rules
    @MadDog_Rules หลายเดือนก่อน +90

    'It won't sell,' Arvin sips tea 'It sold.' 🤣

  • @davidgmaloof
    @davidgmaloof หลายเดือนก่อน +198

    The first thing I would do as a buyer is get at least one replacement unit of every unique part in this house fabricated and put into storage - preferably while the original owner is able to advise on the process. That central unit is very clever, but I wouldn't want the thing to fail and have to wait a long time for a replacement to be made. Hopefully the new owner is an engineer.

    • @sababaratashvili8629
      @sababaratashvili8629 หลายเดือนก่อน +6

      Smart

    • @holgerbahr8961
      @holgerbahr8961 หลายเดือนก่อน +19

      A full replacement unit would be ideal. However, if that's not available, a temporary 'static' component for emergency / backup use would suffice to keep the house's utilities running. While you wouldn't be able to rotate the house until the main '360' center unit is refurbished, you would still have access to all the essential services in the meantime.

    • @markuswunsch
      @markuswunsch หลายเดือนก่อน +14

      There's a predecessor of this kind of building in Freiburg Germany called the Heliotrope Building which dates back to 1994. It's a three story rotating round home of architect Rolf Disch. Actually there are now a total of three such houses in Germany,.... so spare parts should be available.

    • @bockaj74
      @bockaj74 หลายเดือนก่อน +6

      Central pivot is used on all excavators since 1960s. It never fails at >2000psi, it will never fail at miesly 3bar (water+gas)

    • @alf3071
      @alf3071 หลายเดือนก่อน +1

      @@bockaj74 the seals could break from old age, what are the seals made of?

  • @amirraihan3891
    @amirraihan3891 หลายเดือนก่อน +94

    The fact he came up with a new concept to build a house is amazing in it self😮😮😮

    • @alltheusernameswastaken8936
      @alltheusernameswastaken8936 29 วันที่ผ่านมา

      it is an old concept, it is what is use in pressure fillers for decades, exactly.

  • @Mr.giorgiovanni
    @Mr.giorgiovanni หลายเดือนก่อน +48

    This a piece of engineering, and a project the creator will always have close in his heart.

  • @Invad3rDiz
    @Invad3rDiz หลายเดือนก่อน +82

    i love this house the engineering on the plumbing is just mind blowing

    • @alf3071
      @alf3071 หลายเดือนก่อน +3

      bro imagine if the seals on that rotating thing breaks and you have sewer water coming in your drinking water

    • @Invad3rDiz
      @Invad3rDiz หลายเดือนก่อน +3

      @@alf3071 nothing wrong with a little protein enrichment

    • @fitah47
      @fitah47 หลายเดือนก่อน +1

      @@Invad3rDiz 😂😂

    • @MultiMojo
      @MultiMojo หลายเดือนก่อน +3

      @@alf3071 That's why he installed sensors between the rings, which helps alert if there is a leak. Still fixing a leak is going to be very complicated if there is any structural damage to the rings.

  • @kawangkwok5262
    @kawangkwok5262 หลายเดือนก่อน +46

    Not my kind of house, but this video kept me a warm smile all the way, the former house owner seems very likable♥.

  • @danielquevedo5064
    @danielquevedo5064 หลายเดือนก่อน +55

    The uniqueness of this house is what gave it it's value

    • @ArvinHaddadOfficial
      @ArvinHaddadOfficial  หลายเดือนก่อน +9

      Unique is not always associated with high value (small buyer pool)

    • @ryand4533
      @ryand4533 24 วันที่ผ่านมา +1

      More likely location and view.

  • @coffeesleeves
    @coffeesleeves หลายเดือนก่อน +52

    The owner is awesome! What a badass :)

  • @joedorsey7846
    @joedorsey7846 หลายเดือนก่อน +32

    There is no comp for that home! People as you know will always pay more to have something very unique no one else has ❤

    • @friedrichweitzer3071
      @friedrichweitzer3071 หลายเดือนก่อน

      Definitely, if we just focused on functionality everyone would drive a boring grey car and live in a box-shaped house.

    • @Blafard666
      @Blafard666 หลายเดือนก่อน +3

      So not true. What you think about is "rare" not unique, rare like a luxury item. " Unique " is a nightmare, if anything break you have maybe ONE guy you can call, you better hope he is avaible 24/7 or you will be doing your dishes/laundry with sewage water for weeks ...

    • @cobracommander9138
      @cobracommander9138 หลายเดือนก่อน +1

      @@Blafard666 That's the same with a rare expensive car no one can fix.

    • @giabao2046
      @giabao2046 29 วันที่ผ่านมา

      @@cobracommander9138 a rare expensive car can be fixed, just that it cost a lot, and took quite a lot but that aint gonna matter too much because you don't drive it daily anyway. If you want to fix it but at a lower cost, you can go to a trustworthy garage which has experience dealing with that model/brand before. This thing, you have to ask the old owner to help fixing it; and when it really break down, you just have to move out for a while.

  • @kristoferjakistam832
    @kristoferjakistam832 หลายเดือนก่อน +15

    This residence is more of an engineering project than a normal residence. It doesn't change the fact that the owner put his heart into it and you can see how passionately he talks about it. Some time ago you talked about a residence that was supposed to be iconic (FOREST KNOLL Mansion) according to Enes. Do you think this rotating residence can be iconic?
    Do you remember your list?
    1. architecturally significant
    2. some sort of historical importance, cultural impact or a symbolic value
    3. aesthetically appealing to multiple generations
    4. have some sort of technological or innovation that has never been done before
    5. needs to be memorable
    Are points 1 and 4 met in this case?
    Very cool episode Arvin. Thanks.

  • @vhall244
    @vhall244 หลายเดือนก่อน +16

    My new favourite channel. Love Alvin's knowledge and humour.

  • @ricktandron3669
    @ricktandron3669 หลายเดือนก่อน +18

    Note: The property is on Mount Helix. There is a historic outdoor amphitheater at the very top where they do Shakespeare performances a few times in the summer. It's not a crazy concert venue.

  • @matthewboes3609
    @matthewboes3609 หลายเดือนก่อน +7

    Certainly not the most practical house but you can tell they put their heart, soul and brains behind this house, that's what makes it such a wonderful story. Absolutely lovely man and quite intelligentl.

  • @joeschege7050
    @joeschege7050 หลายเดือนก่อน +11

    I am easily mesmerized by contemporary homes. I like how Arvin breaks it down; he is so articulate in his advice.👍

  • @markuswunsch
    @markuswunsch หลายเดือนก่อน +18

    There's a predecessor of this kind of building in Freiburg Germany called the Heliotrope Building which dates back to 1994. It's a three story rotating round home of architect Rolf Disch. Actually there are now a total of three such houses in Germany,....

    • @startingtech3900
      @startingtech3900 8 วันที่ผ่านมา

      yeah but america is the best nation on earth and he was the first here thats all that matters

  • @zuma-dude
    @zuma-dude หลายเดือนก่อน +6

    “ … some of my Persian audience in Trousdale …” - This ... cracks me up because it's true. No one outside of here would understand, but the local insider stuff is awesome. Thank you for being you, in this place. 👍

  • @Vendrix86
    @Vendrix86 หลายเดือนก่อน +11

    wow the former owner is amazing, what an engineering marvel

  • @nomanomen4611
    @nomanomen4611 หลายเดือนก่อน +9

    Volle Zustimmung bezüglich der potenziellen Risiken und es ist wunderschön das sich wer so etwas gebaut hat

  • @SamViens
    @SamViens หลายเดือนก่อน +102

    I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

    • @AnstettSkelly
      @AnstettSkelly หลายเดือนก่อน +3

      I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

    • @BobVienckowski
      @BobVienckowski หลายเดือนก่อน +1

      If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation

    • @MartinesGuziczek
      @MartinesGuziczek หลายเดือนก่อน +1

      I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields

    • @AnstettSkelly
      @AnstettSkelly หลายเดือนก่อน

      Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.

    • @AnstettSkelly
      @AnstettSkelly หลายเดือนก่อน

      She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment

  • @PaulEHill928
    @PaulEHill928 หลายเดือนก่อน +8

    Owner is absolutely brilliant. Love him. Although for some reason when watching the engineering portion I just heard Dr Ian Malcolm saying " Yeah, yeah, but your scientists were so preoccupied with whether or not they could that they didn't stop to think if they should". Ok, reviving extinct species and building a spinny house are totally different...just popped in my head. Props to the owner for envisioning something and executing it.

    • @patrickfreeman205
      @patrickfreeman205 หลายเดือนก่อน +2

      Architecture will find a way.

  • @TheJase8566
    @TheJase8566 หลายเดือนก่อน +13

    The plumbing is amazing

    • @minigiant8998
      @minigiant8998 หลายเดือนก่อน

      amazing till it breaks

    • @stormtrooper9404
      @stormtrooper9404 หลายเดือนก่อน +1

      @@minigiant8998everything breaks! Nothing is forever!
      But I will bet that this system can last much much longer without breaking down, than conventional plumbing!
      It's obviously over build and over engineered, unlike your typical conventional house, where you will be happy if the crew wasn't drunk while making the instalations!

  • @sleepy670
    @sleepy670 หลายเดือนก่อน +4

    Why does Arvin think size of house is what drives the cost? In our area there are 3000 SF homes that sell for $8M and 8,000 SF homes that sell for $3M. Location, views, proximity to the ocean and the quality of the home is 10000000000X more important that square footage.

  • @jamielancaster01
    @jamielancaster01 หลายเดือนก่อน +4

    Another excellent video thank you brother

  • @tomchloe3208
    @tomchloe3208 หลายเดือนก่อน +13

    I think if this system were to break beyond reasonable repair, you would just need to set the house at your desired position and put traditional plumbing and electrical in, as apossed to getting this complex system changed/fixed

    • @Shucasm
      @Shucasm หลายเดือนก่อน

      Then why pay 5 mil for a house which will required extra cost in the future. Thats the actual question . You can also don't rotate the house and it will be fine but why buy this over engineered house and then not use its function . Instead buy a 5 mil another house like Arvin suggested which have more area and looks more beautiful .

    • @tomchloe3208
      @tomchloe3208 หลายเดือนก่อน +1

      @@Shucasm i agree with what you say a I wouldn’t buy this house if i had the money. I meant more so, even if you dont let the house spin, those connection points will age over time, even with maintenance and eventually fail - it was those circumstances i meant. But yes, many other properties id rather buy first

  • @thomashygum5310
    @thomashygum5310 หลายเดือนก่อน +4

    that house really is iconic though. It was presented by a super big science nerd youtuber, and i cannot stress this enough: The house rotates. It is super high up, it is unique, it looks like an observatory (which is a plus), everything about it is unique and it works. Sure its not for some saudi prince who wants to party in a black marble house with a toilet made out of gold, but there are plenty of science nerds around , even ones with money to burn on a wacky science nerd house.

  • @jamielancaster01
    @jamielancaster01 หลายเดือนก่อน +4

    I stayed at a hotel where the bed wend around in circles. Love going to the space needle & eating lunch going in a circle BUT i’m not sure I want my whole house to rotate in a circle. FYI: I wouldn’t mind having that rotating bed😊

  • @mikeletaurus4728
    @mikeletaurus4728 หลายเดือนก่อน +9

    Mr. Haddad. What you fail to understand is some people aren't looking for a "wow factor" for their home. Some of us don't care at all what our "friends" think of our home. Views and spacious grounds aren't everything. In fact, they contribute very little. You are from a culture where "wow factor" still has impact. I am not. I am far more attracted to genuine happiness in a home, and that has nothing to do with square footage, number of bathrooms, or lack of hallways. We who have it need not attempt to impress. That's for the arriviste.

  • @deadmanschest4322
    @deadmanschest4322 หลายเดือนก่อน +13

    13:34 - For exactly this reason, I personally have a strong aversion to smart home systems of any kind. Not only do all these smart home gadgets cost extra money, but they also make you dependent on a single provider (or at least an IT support in case you spend the money _and time_ for a system without a service provider)! What happens if that provider goes bankrupt after just a few years, or if the software and hardware are no longer supported?
    Not to mention the bugs in the software. I’d much rather have an old-fashioned house, even if it means getting up to turn off the kitchen light, close windows, or adjust the heating or air conditioning...
    Or, to put it in the wise words of Sgt. Roger Murtaugh -> _I'm too old for this shit!!_ ;)

    • @watching789
      @watching789 28 วันที่ผ่านมา

      Smart home systems are the way to go fam.

  • @OldmanSkeletor
    @OldmanSkeletor หลายเดือนก่อน +3

    Couldn't give a s*** about the house but the engineering is fascinating what an incredible guy😊

    • @mcfrisko834
      @mcfrisko834 20 วันที่ผ่านมา

      😂 So you give a s***

  • @davethetallguy
    @davethetallguy หลายเดือนก่อน +2

    So glad you did this video! Tom Scott is one of my favorite creators (his channels - plural - are worth watching) but I loved this video when I saw it. Hard core engineering geek here, but I think maintaining that house would have made me nervous too. (And it didn’t even have a view of the San Diego to LA train!)

  • @ashleym2205
    @ashleym2205 หลายเดือนก่อน +5

    Tom Scott is awesome!! 👍🏻

  • @tall1sobay
    @tall1sobay หลายเดือนก่อน +12

    This house isn't for everyone. I personally love it. And I find the other homes you're comparing to, to be architesteral junk. They're basic, cookie cutter with zero personality. They're just bigger suburban homes. And yes, a house is worth what someone is willing to pay for it.

    • @AbimaelLopez-hz3qq
      @AbimaelLopez-hz3qq 22 วันที่ผ่านมา +2

      I think the modern home in England is too basic

  • @xxxxxxxxx3944
    @xxxxxxxxx3944 หลายเดือนก่อน +3

    Maintenance is going to be a nightmare ! Unless you are an engineer yourself.

  • @dcallan812
    @dcallan812 หลายเดือนก่อน +5

    We all get things wrong, even the buyer 🤣🤣🤣🤣
    🎵 you spin me right round baby🎵 great video 2x👍

  • @livingon2wheels
    @livingon2wheels หลายเดือนก่อน +2

    Amazing engineering to accomplish this vision. That is worth a lot because it's bespoke and special, something no one else has. And he really sold the benefits of being able to reposition the house for the perfect view.

  • @MaxAmmoNeeded
    @MaxAmmoNeeded 25 วันที่ผ่านมา

    I really appreciate the respect you show for this property, the smile on your face because of the engineering is amazing. You made it more about appreciating what was achieved by this gentleman, while also being practical.

  • @RawliRodriguez
    @RawliRodriguez หลายเดือนก่อน +7

    The new owner purchased the rights to the old owners patent. This is why the engineer is so smart and over sold. The old owner baked-in the purchase of the patent. Come’on Arvin, you should know this…

  • @michelfortier9563
    @michelfortier9563 หลายเดือนก่อน +2

    Next time you make a video, talk about the new commission rules and how that will affect realtors and pricing of houses.

  • @johnlehew8192
    @johnlehew8192 26 วันที่ผ่านมา +1

    There’s lots of bigger homes, but this is the only one that spins. Worth every rotating penny!

  • @stanlee3619
    @stanlee3619 หลายเดือนก่อน +3

    Not your usual video critique, but I love your explanation and understanding of the fallacy of what something is valued at, and efficient/inefficient markets.

  • @lamarlo4437
    @lamarlo4437 25 วันที่ผ่านมา +2

    This isn't a house for just anyone. You have to be a special kind of person to appreciate this house. I see why they say customized homes don't sell because it's so out of the ordinary that most people are likely to skip it

  • @BillyLapTop
    @BillyLapTop หลายเดือนก่อน +5

    I'm guessing the sale may have been a cash transaction, as the uniqueness of the construction and the risk factors as Arvin stated would preclude a bank giving a mortgage on the this kind of deal.

  • @Coys01
    @Coys01 หลายเดือนก่อน +2

    Tom did well 👏

  • @pjyast
    @pjyast หลายเดือนก่อน +2

    8:12 a house or anything for that matter that is so niche can command insane prices due to uniqueness. You can't compare a spinning house to anything else. There are no comps. I would've listed it for 10 million tbh.

  • @froonamission1013
    @froonamission1013 28 วันที่ผ่านมา +1

    My husband is an engineer, and this is exactly how he would approach building a house 😅

  • @Doubie.
    @Doubie. หลายเดือนก่อน +3

    Rotary unions are pretty common but him making his own is pretty hysterical

  • @vanillatgif
    @vanillatgif หลายเดือนก่อน +43

    The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future..

    • @amytuttle1621
      @amytuttle1621 หลายเดือนก่อน +1

      I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days

    • @BigNate82
      @BigNate82 หลายเดือนก่อน +1

      Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

    • @whitefearlytales
      @whitefearlytales หลายเดือนก่อน

      Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

    • @mfmcintyre
      @mfmcintyre หลายเดือนก่อน

      Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

    • @JasperMaartenHoutman
      @JasperMaartenHoutman หลายเดือนก่อน

      Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

  • @joegott9391
    @joegott9391 หลายเดือนก่อน +4

    Compared to Artwork & Sculptures, its a deal

  • @vimeopictures5170
    @vimeopictures5170 13 วันที่ผ่านมา +1

    What are you talking about? That's a msterpiece! That guy created art! In my opinion, totally worth it! It is every engineer's dream! I wouldn't be surprised if some Tech guy from Tesla, Google, or Amazon bought it! But I get what are you trying to say. I feel this house is for someone who has loads of cash lying around. Not for average people who are planning how to pay their kids college tuitions

  • @Evangelionism
    @Evangelionism หลายเดือนก่อน +2

    Man's a GENIUS.

  • @evanpenn1
    @evanpenn1 หลายเดือนก่อน +2

    This is basically a matter of opinions. Not much here that is provable on either side. But the house had a binding offer within weeks. And it is one of one. And there are a lot of geeks out there with money. My opinion is that the house is worth the money because I think there would be other buyers willing to pay 5 million. And that's just my gut feeling, no proof available. The art market definitely operates by the theory that something is worth what someone is willing to pay. I think, that until proven otherwise, this house (that could be construed as a piece of art), is worth what it brought.

  • @ValentinaMitchell1
    @ValentinaMitchell1 หลายเดือนก่อน +4

    This is now my favorite TH-cam channel, hand down.

  • @RawOlympia
    @RawOlympia 23 วันที่ผ่านมา +2

    I love this home!

  • @tehArgento
    @tehArgento หลายเดือนก่อน +15

    miss my weekly tom scott

    • @josieann5031
      @josieann5031 หลายเดือนก่อน +1

      Always started the week with a new Tom Scott video. I miss him too.

    • @alltheusernameswastaken8936
      @alltheusernameswastaken8936 27 วันที่ผ่านมา

      I still miss the park bench

  • @andrewlynn4263
    @andrewlynn4263 หลายเดือนก่อน

    I just saw Enes latest post. Do not waste your time on this . The best part of the video was the pool had water in it!!!! I am through watching you look at the homes and can instantly see the faults. Much appreciated!!!!!

  • @johnaspinall4096
    @johnaspinall4096 28 วันที่ผ่านมา

    I watch your channel all the time and think how cool the homes are across the world. This house is in my neighborhood! You are right! There are WAY better homes on mt helix. That is not a private property. You can see the entire property from the road above. However the views are incredible. Its 15 miles inland and you can see all the way to the ocean unobstructed. Theres a large public viewing area on the peak of the mtn which gets plenty of traffic. I think you're spot on with your review. Its amazing engineering but would be rough to live there. I hope whoever bought it loves it

  • @2richants
    @2richants หลายเดือนก่อน +2

    In 10 years it will be worth double. There plenty of rich geeks that love this stuff plus its a cool different house.

  • @ypey1
    @ypey1 หลายเดือนก่อน +3

    You dont need the expensive rotating system if you had made the house only turn 359 degrees and go back again. You can use flexible connections.

  • @beautifultings36
    @beautifultings36 22 วันที่ผ่านมา +3

    Yes, it is worth it because it is an extraordinary house. And people who want to have that extraordinary experience and who have the money to fund their dream should go for it regardless of the comps. Especially because the comps compare relatively normal houses. And like I said before, this is not a regular house. This is an experience.

  • @giovannidigitalart
    @giovannidigitalart หลายเดือนก่อน

    Fantastic video. This house feels like a work of art and valuation ended up falling on the subjective. Realtors have a fiduciary obligation to give u facts, personal, and professional opinions. Remember, as Arvind says, these homes can be personalized, but in the end, they belong to future generations. Getting this to sell later will be an uphill battle. Realtors have to future-proof your purchase. What u do after all the advice, of course, is up to the buyer.

  • @Mrs.M_08
    @Mrs.M_08 14 วันที่ผ่านมา

    Your channel makes me glad to live in my little, normal house.

  • @jeffreylevin9728
    @jeffreylevin9728 26 วันที่ผ่านมา

    Direct from Accounting Standards Codification 820 - Fair Value. The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. So YES, what a willing buyer and willing seller agree to and exchange is FAIR VALUE.

  • @iedi3
    @iedi3 29 วันที่ผ่านมา

    I get it why it's above the market price, but also why it's real value it's bellow the market price. It depends on how you look at it, as piece of art or a technical headache. As a seller I would say go with the first one, as a buyer I would advice the second one.

  • @prajamahadevan
    @prajamahadevan หลายเดือนก่อน +1

    Hey Arvin, love your videos. I was wondering whether you were planning on taking a look at Enes's "Touring a $52,500,000 BATMAN Inspired Glass and Steel Mansion" Mansion. That was the video that introduced me to his channel, and the first mansion that took my heart. Hope its flaws don't outweigh its positives . Thanks 🙏🏼

  • @jeffv3296
    @jeffv3296 หลายเดือนก่อน +1

    Another great video. The owner and the person hosting the video that you reacted to are awesome. I kinda disagree with your evaluation. I live in Orange County and even though I don’t go South past Mission Viejo much, I’ve known and heard about the rotating house. I think the house could absolutely be considered an “iconic” property based on its popularity, the fact that patents were actually submitted and created during its design, and its architectural significance. While I wouldn’t pay that much to live there, I could absolutely see why somebody would pay up for it.

  • @ArquitecturaChile
    @ArquitecturaChile 27 วันที่ผ่านมา

    I love your site. Reminds me of university workshop finals

  • @Whiskey04
    @Whiskey04 หลายเดือนก่อน

    Great house and engineering behind it. It should come with all the patents used in the design

  • @hawaiihardy7285
    @hawaiihardy7285 หลายเดือนก่อน +1

    I got dizzy just watching the video 😂

  • @nicolegonzalez5992
    @nicolegonzalez5992 หลายเดือนก่อน

    It’s totally worth that it’s an engineering marvel the building is an art piece in itself. Views or no views no one will have that but the buyer especially if it was well made by some who cared during construction and he obviously cared

  • @patrickfreeman205
    @patrickfreeman205 หลายเดือนก่อน

    When I lived in Northern California there was a similar house right off highway 101.

  • @doncarlodivargas5497
    @doncarlodivargas5497 หลายเดือนก่อน +2

    Fun fact: the reason why they sell is to build a vertically rotating house

  • @informeddissident
    @informeddissident หลายเดือนก่อน

    I like how Arvin was trying to show comps and them the video gets into the one off owner designed parts. That's why the price is wild

  • @TheMisterMarilyn
    @TheMisterMarilyn 28 วันที่ผ่านมา +1

    AND!!! By the way…if it was so intrinsically perfect, something ain’t right with them selling it!!!!
    What I just heard him say was that it is a FULL TIME OCCUPATION to maintain the upkeep of it!! Ludicrous

  • @larryo6874
    @larryo6874 10 วันที่ผ่านมา

    I see your point about the house being difficult to repair because of the rotation factor, but I was thinking if a new owner did not want to deal with the rotation complexity they could just have the house not move then put in traditional plumbing, electrical and sewage. I assume the price might go down but still a nice house even if it doesn’t move.

  • @dennischiapello7243
    @dennischiapello7243 หลายเดือนก่อน +1

    I admire what was done here, and the owner-builder is a great, humble human being, who I'm sure has brought joy to himself and his wife. I respect him, too, because he approached his project from an engineer's curiosity and desire to create, rather than the egocentric concern of some rich jackass wanting to show off. Otherwise, I'm generally adverse to round houses. Aesthetically, this one is not too bad, but it does display the typical design flaw of approximating a circle with a series of flat panels. He used high-quality materials, however, which helps mitigate the effect.

  • @MajesticFerret
    @MajesticFerret หลายเดือนก่อน

    The house is an engineering masterpiece and wasn't too absurdly overpriced for such a unique house in a solid location with solid natural views and decent sqft.

  • @bjoernaltmann
    @bjoernaltmann หลายเดือนก่อน

    Very cool engineering solution

  • @gman21xx
    @gman21xx หลายเดือนก่อน +1

    It says a lot that his wife on her own wouldn't be able to maintain it because of the complexity. I think he's a good engineer to have solved the problems to make this house a reality. But he would be legendary if he had solved the problem to the point where a totally ordinary person could maintain it in perpetuity.

    • @dennischiapello7243
      @dennischiapello7243 หลายเดือนก่อน

      True--although "perpetuity" is an impossible benchmark for anything more than a lean-to! 😊

  • @sixtysyxti3235
    @sixtysyxti3235 หลายเดือนก่อน +1

    I love the Lego in the back

  • @Stef-sq2dc
    @Stef-sq2dc หลายเดือนก่อน

    Wow y make so much sense 👏
    And have experience
    Thanks for sharing 👍

  • @gelmibson883
    @gelmibson883 หลายเดือนก่อน

    I appreciate the honest words! @07:45

  • @austynjames9196
    @austynjames9196 หลายเดือนก่อน +1

    lmfao this house is legit down the road from my moms house 😂 it’s kind of been an icon on mt helix but I never got to know much about it.

  • @muhdabdullah1
    @muhdabdullah1 หลายเดือนก่อน

    This was a house, for someone who would love this house and the engineering. And, I think, that is what happened. I guessed it right with 5 million with a *if I had money to buy another expensive house"!

  • @crisholmurb007
    @crisholmurb007 หลายเดือนก่อน

    Totally agree with you - as usual! Thanks Arvin!

  • @cosmicnightwalk7341
    @cosmicnightwalk7341 หลายเดือนก่อน

    Not my ideal house to live in but I think the design of a rotating house would be great for a restaurant. Of course it also depends on other factors like location but why not.

  • @АдадсдмАжаж
    @АдадсдмАжаж หลายเดือนก่อน

    11:00 this is freaking genius. I mean it. He should potent that thing. This is the real Engineer with the capital letter E.
    The way that this man came with an idea, and then pull it off pretty legit, is really impressive.
    5.1 million impressive? Will the reality shows that for some one it actually is, but from real perspective definitely not for everyone.
    But at least, this is a real unique house for sure.

  • @jamielancaster01
    @jamielancaster01 หลายเดือนก่อน +1

    It would have to be some solid engineering to pass the city & state building codes.

  • @RichardRatner.1972
    @RichardRatner.1972 หลายเดือนก่อน

    Thanks Arvin. I love all your videos. Big love, kindest regards, Richard U.K

  • @patrickmorris3721
    @patrickmorris3721 18 วันที่ผ่านมา

    Every same idea that is used in every excavator track machine.
    It’s called a hydraulic manifold or distributor. It lets you rotating 360 continuously. 👍🔥

  • @AxelWeber-gx2yt
    @AxelWeber-gx2yt หลายเดือนก่อน +2

    In my opinion, it is a bad idea to lay the waste water connection over the drinking water connection: if a leak occurs, which is very likely to happen sooner or later, at least with movable pipe connections, the drinking water quality may be impaired to the point of being unusable. I strongly suspect that the maintenance work for supply pipes will be very expensive over the years, at least if the house is not as good as new, as is the case.

    • @markvwood2007
      @markvwood2007 หลายเดือนก่อน +1

      I would have entirely reversed the order of all four.

    • @_fwd_racecar_
      @_fwd_racecar_ หลายเดือนก่อน

      nobody should be drinking tap water anyway, with it already being contaminated with fluoride.

  • @lvseka
    @lvseka หลายเดือนก่อน

    The spinning novelty is what makes it’s value difficult to quantify and probably why people were willing to buy it for 5mil. In that case it’s selling like a piece of art rather than a home.

  • @TAMIRQz
    @TAMIRQz หลายเดือนก่อน +1

    One tectonic movement and this house becomes a nightmare for the owners. I think he is lucky to have found a buyer. i Wish him and the new owner all the best.

    • @friedrichweitzer3071
      @friedrichweitzer3071 หลายเดือนก่อน +1

      It looks pretty well-enginnered. I mean if a major earthquake wrecks your foundation, a ordinary rectangular house would be a tear-down as well.

  • @charlesoboyle4787
    @charlesoboyle4787 9 วันที่ผ่านมา

    The utilities-could come up-DEAD CENTER- through the hollow center spindle that rotates the house--they would be fixed-
    Perhaps the electricity could have a spring loaded contact-like the carbon"brush" on an electric motor/alternator-it would need to be periodically replaced
    The water sewerage could also come up from the center-but with a sleeve with bearings and some very good seals-very good bearings very good seals
    Oh a house is worth what you can convince someone to pay for it-good salesmen/agents get better prices
    Oh-forget about natural gas-it could be done-but friction/heat/boom.

  • @Blafard666
    @Blafard666 หลายเดือนก่อน

    " Its a great ending to the story, but an horrible story for the new owner " yep, my thought exactly.

  • @ralphl7643
    @ralphl7643 หลายเดือนก่อน

    Should have put the sewer water in the bottom ring.
    Would have been easier to make it rotate back and forth 180 deg, but it would take more energy.
    Wonder what it cost to build.

  • @nowkentapplegate5315
    @nowkentapplegate5315 12 วันที่ผ่านมา

    Having had a house in the Hills above Bronson Canyon. I would pay 5.1 because it would be worth it for the experience. What you're paying for is the egineering. A nice place doesn't have to be huge. Yeah I'd do the maintenance.

  • @anxin6964
    @anxin6964 หลายเดือนก่อน

    这栋房子供电、汽、水的核心其实是一个滑环(气滑环、导电滑环复合体。气电滑环、气液导电滑环)特殊设计的一种滑环。解决导线和燃气管道、水管需要360度旋转的问题。
    简单解释:一个固定金属棒,开一系列密封相对隔绝独立的圆环槽,在圆环槽中间外接通水,电、汽,用一个可以360度旋转的套筒套着固定的金属棒。旋转套筒上有水、电(通过套筒上电刷和圆环中导线连接)、汽一系列接口接到房间里面。旋转套筒和房子一起旋转并和房子保持相对静止。
    生活中常见类似原理:轨道插座、轨道灯。 轨道固定不动,灯和插座可以旋转移动。

  • @Zanduras1
    @Zanduras1 หลายเดือนก่อน

    Definitely an engineers house, not something I would buy but still very cool and I could see a niche market for properties like this.

  • @warswitcher2674
    @warswitcher2674 หลายเดือนก่อน

    11490 Orum Road, Bell Air would be an interesting study. Never got sold.