@@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.
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
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
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.
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.
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.
@@ArvinHaddadOfficialI heard you say in a previous video that you love "one-of-a-kind" properties, precisely because price is whatever you want to say..
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.
@@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.
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.
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 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.
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.
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.
You are exactly right, Arvin. When some aspect of the house's complex, unique technology fails/malfunctions, the owner will be very hard-pressed to find someone who can correct it.
“ … 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. 👍
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.
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,....
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…
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.
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!)
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.
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
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.
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.
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.
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
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
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.
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😊
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.
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.
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!!_ ;)
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.
I was waiting for a _philosophical_ argument as to why a property is *not* worth _"whatever someone will pay for it."_ However, it appears that Arvin was not being philosophical. Therefore, I'd have to say it's kinda hard to argue that this house is not worth *$5.1 million dollars,* when you just received *$5.1 million dollars* for it. And considering how quickly it sold, that makes it equally hard to argue that this valuation is an anomaly or that this was a Black Swan buyer.
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.
I couldn’t agree with you more! Innovation and familial connection are far more important to me than “impressing” a bunch of people I don’t actually give a shit about. 👏🏼🙏🏽
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
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.
not sure why he had to patent the fluid rotary joint…….slip rings and fluid joints have been around for years……i worked at a company designing those in the early 2000s…….although for industrial uses and not residential
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.
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
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 .
@@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
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
@@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!
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
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.
Slip rings are also used in tank turrets. There are also hydraulic slip rings like in m1 abrams that distributes hydraulic fluid from engine compartment to the rotating turret
I can totally get it being $5 million. It's an extremely unique house, well-engineered, and the SWE and crowd around California would absolutely buy that up, as we saw
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.
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 🙏🏼
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.
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.
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.
The Sydney Tower in downtown Sydney Australia also rotates, or at least the restaurant I was in was rotating. It's pretty dope, I went up there for a buffet lunch back in late December 2022.
I love the house and the views. Personally, I would expect everything to break. If it were my home, I would rotate it once to where I liked the position for the master bedroom or the living room, then I would keep it still. That way, SHT won't break.
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.
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.
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.
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.
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.
I think the reason why this house sold for 5+M its because, in this particularly case, its a very unique house and fully functional, i mean he literally invented and designed a new piece of engineering that really works to solve almost all the problems of circular house and hill houses and also spins, for example, its the same thing that happens with hypercars market, super limited, unique pieces of engineering so instead of depreciation they go up in value but also the main problem like you said, it gonna needs experts whenever anything goes wrong and maybe they're gonna be super expensive so its a very risky investment for the new owner
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.
I mean if the house breaks you have to have the piece re machined and hopefully there are detailed digital drawings even though the piece isnt load bearing its centered lt would have to be part of whatever bearing assembly that the house does rotate on so would you have to lift the house to replace it
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.
real estate is bizarre how someone will pay millions for a tiny hole in the wall apartment just because it's in downtown paris or new york, at least this is an actual house with property in sunny san diego
I dissagree. The last owner solved a big issue in a simple manner. Yes, it has a center piece that can fail once in 75 years and if the access to that piece is ok, changing the seals it's not a big issue.
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.
I like the concept of this house, I dont like the shiny black panels, I think the novelty value alone is worth $5 mill, and if you can afford $5 mill, then you can afford suitable technicians to fix any problems. I'm sure the new owner prays every night that the original owner has a long life in case he needs his advice 🙂
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.
![Twenty One Pilots - “The Line” (from Arcane Season 2) [Official Music Video]](http://i.ytimg.com/vi/E2Rj2gQAyPA/mqdefault.jpg)
Come on man, your estimation was terrible in this case. It's worth at least 3.5.
Not with those finishes … it was gut renovation
@@ArvinHaddadOfficial Mate, not everything is about finishes. The innovation has value too. You need to update your analytical skills.
@@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.
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
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
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.
Smart
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.
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.
Central pivot is used on all excavators since 1960s. It never fails at >2000psi, it will never fail at miesly 3bar (water+gas)
@@bockaj74 the seals could break from old age, what are the seals made of?
The fact he came up with a new concept to build a house is amazing in it self😮😮😮
it is an old concept, it is what is use in pressure fillers for decades, exactly.
This a piece of engineering, and a project the creator will always have close in his heart.
The uniqueness of this house is what gave it it's value
Unique is not always associated with high value (small buyer pool)
More likely location and view.
@@ArvinHaddadOfficialI heard you say in a previous video that you love "one-of-a-kind" properties, precisely because price is whatever you want to say..
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.
i love this house the engineering on the plumbing is just mind blowing
bro imagine if the seals on that rotating thing breaks and you have sewer water coming in your drinking water
@@alf3071 nothing wrong with a little protein enrichment
@@Invad3rDiz 😂😂
@@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.
'It won't sell,' Arvin sips tea 'It sold.' 🤣
Hehehe
Not my kind of house, but this video kept me a warm smile all the way, the former house owner seems very likable♥.
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.
There is no comp for that home! People as you know will always pay more to have something very unique no one else has ❤
Definitely, if we just focused on functionality everyone would drive a boring grey car and live in a box-shaped house.
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 ...
@@Blafard666 That's the same with a rare expensive car no one can fix.
@@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.
The owner is awesome! What a badass :)
"Do you CARE, if it rotates?" Yep. I concur.
My new favourite channel. Love Alvin's knowledge and humour.
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.
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.
I think the modern home in England is too basic
You are exactly right, Arvin. When some aspect of the house's complex, unique technology fails/malfunctions, the owner will be very hard-pressed to find someone who can correct it.
“ … 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. 👍
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.
He was referencing one neighborhood. You sound like the confused one😅
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,....
yeah but america is the best nation on earth and he was the first here thats all that matters
Volle Zustimmung bezüglich der potenziellen Risiken und es ist wunderschön das sich wer so etwas gebaut hat
I am easily mesmerized by contemporary homes. I like how Arvin breaks it down; he is so articulate in his advice.👍
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…
Exactly 😊
The new owners didn't get any patents: parents are only valid for 20 years, and the parents are ~21 years old.
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.
Architecture will find a way.
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!)
Couldn't give a s*** about the house but the engineering is fascinating what an incredible guy😊
😂 So you give a s***
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.
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
wow the former owner is amazing, what an engineering marvel
Tom Scott is awesome!! 👍🏻
In 10 years it will be worth double. There plenty of rich geeks that love this stuff plus its a cool different house.
Another excellent video thank you brother
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.
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.
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.
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
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
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.
She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment
Tom did well 👏
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😊
Man's a GENIUS.
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.
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.
We all get things wrong, even the buyer 🤣🤣🤣🤣
🎵 you spin me right round baby🎵 great video 2x👍
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!!_ ;)
Smart home systems are the way to go fam.
Also, hackers have learned how to access smart-home systems.
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.
There’s lots of bigger homes, but this is the only one that spins. Worth every rotating penny!
Rotary unions are pretty common but him making his own is pretty hysterical
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.
I was waiting for a _philosophical_ argument as to why a property is *not* worth _"whatever someone will pay for it."_ However, it appears that Arvin was not being philosophical. Therefore, I'd have to say it's kinda hard to argue that this house is not worth *$5.1 million dollars,* when you just received *$5.1 million dollars* for it. And considering how quickly it sold, that makes it equally hard to argue that this valuation is an anomaly or that this was a Black Swan buyer.
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.
I couldn’t agree with you more! Innovation and familial connection are far more important to me than “impressing” a bunch of people I don’t actually give a shit about. 👏🏼🙏🏽
I have to agree. I fantasize about how my loved ones will feel in my home. -Not on how a stranger (or anyone) is impressed with my home.
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
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.
I would have entirely reversed the order of all four.
nobody should be drinking tap water anyway, with it already being contaminated with fluoride.
not sure why he had to patent the fluid rotary joint…….slip rings and fluid joints have been around for years……i worked at a company designing those in the early 2000s…….although for industrial uses and not residential
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.
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
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 .
@@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
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
The plumbing is amazing
amazing till it breaks
@@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!
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
Next time you make a video, talk about the new commission rules and how that will affect realtors and pricing of houses.
My husband is an engineer, and this is exactly how he would approach building a house 😅
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.
Slip rings are also used in tank turrets. There are also hydraulic slip rings like in m1 abrams that distributes hydraulic fluid from engine compartment to the rotating turret
I can totally get it being $5 million. It's an extremely unique house, well-engineered, and the SWE and crowd around California would absolutely buy that up, as we saw
Your channel makes me glad to live in my little, normal house.
I love this home!
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.
miss my weekly tom scott
Always started the week with a new Tom Scott video. I miss him too.
I still miss the park bench
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 🙏🏼
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.
The house is a piece of art what makes it more expensive than other houses.
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.
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.
The Sydney Tower in downtown Sydney Australia also rotates, or at least the restaurant I was in was rotating. It's pretty dope, I went up there for a buffet lunch back in late December 2022.
I love the house and the views. Personally, I would expect everything to break. If it were my home, I would rotate it once to where I liked the position for the master bedroom or the living room, then I would keep it still. That way, SHT won't break.
Compared to Artwork & Sculptures, its a deal
Totally agree with you - as usual! Thanks Arvin!
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.
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.
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
I love your site. Reminds me of university workshop finals
Thanks Arvin. I love all your videos. Big love, kindest regards, Richard U.K
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.
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.
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.
Wow y make so much sense 👏
And have experience
Thanks for sharing 👍
Great house and engineering behind it. It should come with all the patents used in the design
I think the reason why this house sold for 5+M its because, in this particularly case, its a very unique house and fully functional, i mean he literally invented and designed a new piece of engineering that really works to solve almost all the problems of circular house and hill houses and also spins, for example, its the same thing that happens with hypercars market, super limited, unique pieces of engineering so instead of depreciation they go up in value but also the main problem like you said, it gonna needs experts whenever anything goes wrong and maybe they're gonna be super expensive so its a very risky investment for the new owner
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.
True--although "perpetuity" is an impossible benchmark for anything more than a lean-to! 😊
Fun fact: the reason why they sell is to build a vertically rotating house
I appreciate the honest words! @07:45
I mean if the house breaks you have to have the piece re machined and hopefully there are detailed digital drawings
even though the piece isnt load bearing its centered lt would have to be part of whatever bearing assembly that the house does rotate on
so would you have to lift the house to replace it
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.
I got dizzy just watching the video 😂
When I lived in Northern California there was a similar house right off highway 101.
Definitely an engineers house, not something I would buy but still very cool and I could see a niche market for properties like this.
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.
I think I know why it sold for so much: its a game changer, the first of its kind (technologically)
Maintenance is going to be a nightmare ! Unless you are an engineer yourself.
True that
real estate is bizarre how someone will pay millions for a tiny hole in the wall apartment just because it's in downtown paris or new york, at least this is an actual house with property in sunny san diego
I dissagree. The last owner solved a big issue in a simple manner. Yes, it has a center piece that can fail once in 75 years and if the access to that piece is ok, changing the seals it's not a big issue.
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.
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.
I like the concept of this house, I dont like the shiny black panels, I think the novelty value alone is worth $5 mill, and if you can afford $5 mill, then you can afford suitable technicians to fix any problems. I'm sure the new owner prays every night that the original owner has a long life in case he needs his advice 🙂
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。
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.