Another question that needs an answer. Exactly what is left unfinished at the factory on these homes that has to be finished in the field at the homesite by other subcontractors? (1) The roof, as they are shipped with a glue down roof partially installed-with unfinished seams at the hinge points and unfinished drip edges (reason why they are shrink-wrapped in white plastic). (2) The flooring. Vinyl plank flooring locks together and certainly will not "fold up" with the house. (3) The HVAC. The outdoor compressor will have to be installed and charged with freon (4) A Crane. A fairly good sized crane or large extended reach forklift will be required due to the height of the unfolding process. (5) The other items, plumbing, electrical, installation of the divider between the living room and bedroom, installation of the breakfast bar, etc. Will this installation take multiple trade contractors to do the installation? It will in most or all states require licensed HVAC, Electrical, Roofing, Flooring and plumbing contractors. Along with a crane operator. These homes will not "Unbox in an Hour". That statement is complete hype. What is the real cost to finish one of these homes at the home site? Who will they find to do these installations with the proper contracting licenses to do the work? It certainly won't be an average handyman. Home sites in rural or remote locations pose another challenge finding a company to set up and complete the home.
Hi SpeedFreakLife, Thank you so much for these comments. You are making great points. I am currently working on a longer, more in-depth video on the company and will try to find answers to these questions and will address them in the video. Stay tuned for that. Thank you for your comment.
I’d like to see someone who already owns property with water, electricity, and a septic system find a contractor who will build them a house for 133$ a square foot. At that price the fact that they pop up in an hour is just a bonus. Boxabl is going to be huge in 5 years.
@@joshuatravis4766 hi Joshua, thanks for your thoughts. I am not paid to discourage anyone and put out any type of content, but think it is amusing that you think I am. And maybe they will be huge, only time will tell.
Lol Boxabl pops up in an hour. Ok if you have a crane on site and your building code allows you to have a home structure with a flat roof. Boxabl even states on their website that theres a good chances consumers are going to have to pay to have a pitched roof installed. Not to mention unboxing the Boxabl will not be consistent because they plan on contracting that labor out.
Would you like to see a more in-depth analysis on this company that covers any points that I did not include in this video? (i.e. Macro view of the market, multiples in the industry, US Competitors, etc.) If this comments gets 50 UPVOTES, I will publish a more in-depth analysis. You can also reply to this comment and let me know which things you would like me to cover
Just found your channel. I’d like to know more. Let’s educate each other. And I’m not talking about throwing out fancy terms like Macro-“fill in the blank” to make my argument sound smart, either. If I’m wrong, I’m wrong. But your advice doesn’t pass the sniff test, brother.
@@AndiGrant Yes, I will definitely distinguish between those two cases. I think they get confused sometimes. I don't think i will be able to dig into 3D printing as the video will already pretty long, but I might do another video on that.
By the time they actually filll the 179,000 orders for the Casita, I figured that will be by the year 3000 if we're lucky.😂 I also was under the impression that these homes are supposed to allow everyone affordable housing. When the information first came out on the cost of a casita, the price was listed as $49,500 since the initial introduction, the price has gone up $10,000. At this point where the cost increases will stop, no one knows..... so is this really going to be an affordable product in the long run?😅
I don’t know. I’ve been doing some research on these and disagree with you. There’s going to a lot of empty nesters with their kids finally moving out of their basements (college loans going away) and (as a 47 year old) we are all going to be in the “whew! They’re gone! Why am I paying air conditioning/heating/paying taxes/paying the other half of a 30-year mortgage) for a 2,500 sqft home when it’s only 1 or 2 of us living here?”
That is a great point. I am working on a more comprehensive video about boxabl from the investor and user perspective where I also talk about the macrotrends more. So stay tuned for that. :) Thanks for your comment
thanks for this video I had come across this company randomly due to a youtube video and this gave me what i needed to know to avoid making it my first investment especially since it's a year later and they're still private.
It's better to finance a Boxable home first before deciding to invest it. Don't get overconfident with the investment. Don't get too comfortable with homes made in China. Their quality will suffer a lot due to intellectual property theft. I figure that they are trying to build another factory to accelerate the production process, paying their staff, and other expense situations. Homes near my area are too overpriced. That's why I plan to finance the boxable home to get out of my old apartment.
Like this video and tells me a lot as we are looking at them. The part I see is as you stated they do not show how to product is built and delivered to the actual job site and what is needed to actually complete the home. Then you have cities that have to approve this and give permits and a CFO before you can move in. It would be nice to know all this.
That is a good point, thanks for commenting on the video and pointing that out. Again, my video is not investment advice, but rather my own opinion and why I did not invest in the 3B valuation equity crowdfunding campaign.
Moe, you also missed the fact that these homes are 13' tall when packed up for shipping. Add the deck height of any flat shipping trailer to that number for the total shipping height. The legal load height on most highways in the US is 13'6"-14'. Any height above that requires a special permit and an escort car (wide load signs, etc). Boxabl never mentions the shipping height in any of their videos, they only mention that they are within the legal width to ship. Also note that the only shipping trucks seen in their videos are large, heavy equipment trucks with a special "lowboy" type trailer called a "double drop", designed for hauling huge heavy equipment like bulldozers and earth movers. Most "double drop" trailers have a deck height of 18"-24". It will be very, very expensive to ship these homes, along with the limits on where these trucks and trailers can deliver one of these casitas.
Hi Alissa, thanks for making me aware of this. I hadn't considered this, but thats a good point that I will look into deeper. Boxabl lists on their website that "A rough budget might be $3-$10/mile from Las Vegas." So for places near vegas, shipping wont be that expensive. For Places on the california coast, it will be around 1600-5600. I am not a logistics expert; the National Private Truck Council (NPTC) says the average trucking cost per mile in the U.S. for private fleets is $2.90. So the Boxabl listed $3-$10/Mile might be higher than average to account for taller than average shipping height? What do you think?
How’d you contact manufactures in China, and were they willing to sell to you? I am very interested in purchasing something like this and buying a good piece of land.
It’ll either work or it won’t. Nothing is perfect at the beginning and if it works the price will drop over time. As far as an investment I myself will wait to see the hallmarks of what I use to determine a good investment before investing. I hope it works and will keep an eye on it. Good luck Boxabl!
Won't I need a land,foundation cost,plumbing cost ,electrical cost etc Before I can Put the 50k house somewhere? So 50k for house and the rest so is about400k in total or more? Is it cheaper
That is a great observation, you are right. It will cost a bunch to install these beyond the 50k. I don't know how much that is... Getting zoning for these as standalone units is difficult, so its best suited for people who already own a home and property so they can install them as ADUs, but even then there are lots of costs associated with installing them. (probably less than 400k if you already own the property), but not insignificant.
In CA it is about $3 per square foot to built some. And manufactured home are over $2. Yhese units make great 2nd dwellings buy it would be tough to live in without an attached storage shed.
Well I agree with your cost analytics to a good extent,. You might want to check into the cost of building a casita. As a civil engineer I can tell you it will not be cheap. If they can hold this to 50K they'll be able to sell these, but who knows how much it cost for them to make it
Hi, thanks for your feedback. I think you are correct, it will not be cheap. Boxabl claims that the COGS (cost of good sold) is around $30k, giving them a 40% profit margin. But I can dig deeper to see if I can find out more specific information. Stay tuned :)
That is the problem. They don’t share information, because the business is not to sell houses, the business is just play with speculations to attract shareholders and in one point go away. You can’t trust in Giuliano and dad, come on!! I’m civil engineer. They are just dirty players!! The other…. What about franchises?? I saw a video where Paolo Tiramasi said they can do a house every 90 min, and other where one of the workers said they are doing in average 2 houses per day…. They are lyers!!!
you can just get a regular modular home, and you still have to deal with getting permits and setting foundation. Sadly, its only good for say quick addition to a home but don't see even most single people like this, not because its too small, but simply not a great use/flexible layout
Thanks so much for your commment. I agree with you, it is mainly thought of as an ADU, but they market it as a stand alone unit? Idk, maybe this is the future of housing, maybe just an overvalued company, we will see
that was what i was thinking, but the founder said they DONT need a foundation? like really, and then i read that, they catergorized these "homes" as RVs? is that why they don't need a foundation, it's just so weird all the way around..
I agree with your assessment, as I read all the documentation (although I did not interview anyone) However - one thing I saw that I DON'T see on other pre-fabs: these units claim to be Hurricane Proof. This is very important for the state of Florida - and worth the extra cost of they truly are. I also saw the solar components are built in as well, which helps to make them green. Any comments on these 2 points?
Hi Mark, thank you for your comment and hope you found the video helpful. With regards to your questions: 1) The standard 8K units I mentioned in the video are not hurricane proof. However, i have worked with other Prefabricated home companies that sell homes for around 25-30K (shipped), that reinforce your units to your liking. I ordered units and had them be reinforced up to 156km/hr winds, making them hurricane proof for CAT1 and CAT2. 2) Solar components can also be added to other units I looked at. This could either be purchased right away or be added to the units later on (just like with a regular house/roof). Hope this answers your quesitons. I am working on a more comprehensive video about boxabl from the investor and user perspective so stay tuned for that. :) Thanks for your comment
Love the video. I got into start engine as a way to find and learn investment opportunities. Boxabl caught my eye but the further I looked into it, the less savory the offering got. When I looked at their audit report attached to the offering sec filing, the latest audit report showed they have zero revenue, and there was a going concern issue which doesn’t help a billion dollar valuation. When I asked about an earnings report timeline and expressed concerns about financials shown so far, their owner didn’t really address my issues and even went far to use the phrase “a no brainer.” Looking at the discussion panel, it looked like a full hype train, and not to mention ppl getting ecstatic over a Elon musk tweet. Ntm comments have remarks towards there “being haters”. It just felt like some reality tv show and I felt the offering at the moment was no where near satisfactory until more concrete information and performance comes out. For anyone looking at crowdfunding, DO THE RESEARCH.
Hi Ray, glad you liked the video, thanks for sharing your feedback. Glad you are doing research before making an informed investment decision, that is wise. I share some of the concerns you mentioned. I want the company to succeed since I really like this space, but the high valuation discouraged me too based on the financials and points listed in the video. But you bring up a good point, they are really good at making people excited about the product. But maybe that could be a good thing? If they show the same level of work on execution and delivering the homes, they could pull it off. We will see. I will post another video with a more indepth analysis into their financials and other things I didn't mention in this video, so stay tuned.
@@MoeLueker if had to elaborate the discussion board point, it felt like “if I was trying to invest and learn about a night club, the club promoters were the only ppl really answering questions” And you do bring up a great point for small cap and crowdfunding, the upper management is a great factor or strength for the company. I listen to a Spotify investment series called Motley Fool Money, and one segment was on small cap investing. The expert/experienced small cap investor mentions that one thing he looks for in potential investments is how the ceo or founder conducts themselves in interviews, letters to shareholders etc. He looked for ppl that kept to the same financial goals over the years, they don’t try to add some new financial accomplishment unless it’s in line with what they are trying to accomplish, and if the letters were not boiler plate.
@@ray2005 That is an excellent analogy! I totally agree, it is always helpful to listen to both sides of the story. And the podcast is right, management is super important for all companies, especially for small cap ventures. Thanks for sharing your thought.
@@MoeLueker fyi Boxabl just started another campaign on start engine, if you look at the sec filings, the new offering includes new financials for years ending December 2021. There are revenues reported this time around.
I definitely agree with the unit analysis. I thought the same thing as an engineer. The actual unit is nice but where are these to be placed? Certainly not in major cities where land is hard to come by and there are zoning restrictions and permitting restrictions. So those major markets are pretty much out. I only see a developer buying multiple units and placing them on a large piece of land outside of major cities like a suburban community. That is an extremely small market. Maybe some clients overseas will use these as an affordable housing solution in some third world country but that is doubtful. I can't see many individuals going out and buying their own and going through the rigor of getting them setup with utilities, permitting and land. I think most people are banking on developers and big corporations being the primary client to purchase in volume. We're not talking a regular consumer product or even automobiles here.
Hi there, thanks for your feedback! Yes, I agree with you. I think the primary market is the California accessory dwelling unit (ADU) market. I agree with you that major cities will be difficult for these units as land is scarce and zoning is super tough (i know people who tried to get permitting for them as stand alone units in Northern and SoCal and they were denied). But i think zoning for ADU could work. As to developments: maybe that could be there solution alongside with ADUs, but is the market big enough to support a $3B current valuation and room to grow into a 10-30B company? I guess we will have to wait and see. Hope it works out for them, would be great to bring down the cost of housing.
i was thinking same thing, most cities won't have these, and how will a regular joe get all the permits and contractors in line to get electricity, water, sewer and etc ..that a lot of money..who has time for that?
I’m sure they can add subscription based options for utilities and it may not be ideally priced for a worldwide business but it will be impactful in bigger cities. Being able to have the home delivered is 85% hassle free even if it’s not the biggest home. Most of the people living cities with higher populations downsize their homes anyway. Every investment is a risk but I’m definitely going to invest. Great video though!
Thanks Trilly, that is an interesting idea. Adding a subscription business could give Boxabl more sustained revenues but the question is what the value add will be. With regards to downsizing, I think you are right, some people are looking to downsize. But not sure if that is the majority of people. I am working on a more comprehensive video about boxabl from the investor and user perspective so stay tuned for that. :) Thanks for your comment
Excellent video. Thanks for sharing. I would like to know the name of the manufacturers in China who sells these foldable "homes" for $8K per unit. I am interested in finding out the price of shipping to the US. Thanks.
Hi, thank you. I am glad you found the video to be helpful. There are multiple options out there. I found a few manufacturers through Alibaba and general internet search. The shipping costs is around 5-10k to the west coast for a 40ft HQ which fits 2 units. So if you buy 2 units, the shipping cost comes down to 2.5-5k per house.
Agree, can’t wait to see how the $8k tiny homes look and if they come fully furnished(?) Will also be interesting to see what the shipping and import taxes are going to cost.
I invested in them early last year. Assessing the investment recently and making a call to them and an additional call to their former governance platform about my investment ...I agree with you. There are red flags. Good luck with your channel. It has solid value. I like the comments on this thread also.
Hi Eliz, thanks for your comment,. Hope your investment goes well, sorry that my personal opinion of the crowdfund investment is a "no-invest" but it might turn out alright? And thanks about the channel. Might do an updated boxabl video when I find the time.
i know close people that have invested in them and asked me to look into it, the more i researched the more i am unsure. some folks have had their order for their tiny house for 3 years! really, and why is there virtually no videos of any home owners of these homes? and they are worth how much???
Sadly, I think tiny / modular / mass produced homes are going to be a growing market. I haven't invested in boxable, but mass production living space is starting to make more and more sense. The additional costs are only "additional" costs if you have absolutely no idea how the world works. Of course you need land, foundation, and to plan for your utilities hook up, etc. I suspect box able will find success with large industrial type orders and will also be able to get the price lower on individual orders as they continue to scale.
Hi Yumi, I just ordered 2 homes and will do a video on them later this year once they are installed. Besides that, I am working on a more comprehensive video about boxabl and their competitors from the investor and user perspective so stay tuned for that. :) Thanks for your comment
Probably a good idea to help solve homelessness problem in the US! But couldn't figure it out how the homeless will have a job (if it's located in an inexpensive piece of land or rural, non-suburban area) and able to pay the ongoing expenses.
The technology is worth it in the way the walls they use alone... Plus kitchen.. bathroom .. foldable and transportable ... This is a revolution in old fashioned stick built housing
They use styrofoam insulated walls, what do you mean with revolution and technology? I agree with you, the foldable and transportable is great and it could be a good option for many people
Just to clarify, It doesn't mean that it was a bad investment, there is still the chance that the company will be super successful and grow a lot. It just didn't fit my personal risk/reward profile.
All this is in their new disclosures. I am not worried about the employee case but % royalty (on sale cost) concerns. The company makes money or not - owners WILL. They seem to have shielded themselves... investment is in manufacturing and supply chain (operations) as technology doesn't belong to the company!
That IP setup sounds a little scammy. Good analysis. I'm not sure whether boxable has any competitive advantage, although it's a clever and catchy name.
Thanks for the feedback. They do have a catchy name and are working on a great problem, so I hope they will be able to succeed, but that still needs to be proven.
Hi, Andi, I see your points and justification. I also saw Paolo's comment when doing research but it is still not good enough for me to have a great intention. The way I interpreted the IP documents I read, the IP is licensed in perpetuity, but can be changed if both parties agree to it (and currently Paolo is the largest shareholder of both, so he could change it) I don't think he will and I am not saying that he will, i just thought it would be good for people to be aware of that. I liked your point on being attacked on the patent, I don't know too much about it but will do some research. Besides that, as already mentioend, I believe that Paolo should be rewarded for his work and his Patents, but he is also one of the majority shareholders of Boxabl, so if the company succeeds, he will succeed, either way, the patents should be part of the IP you buy when you invest in a $3B company in my opinion. In a sense, he is double dipping (great for him, not so much for investors). (This reminds me of when Adam Neumann trademarked the “WE” brand of WeWork and licensed it to the company of $6M…) Thanks you two for your thoughts
Well you can say what you want, but I personally think its a sound idea at a time when housing is very short... as for whose going to buy and where, i see these as being able to go almost anywhere and theres no reason why fully assembled and customized outside siding and finishing wouldn't make them multizoned. Furthermore, they do in fact, have many uses for the govt and states to use and utilize as fema type homes and emergency housing... with the number of people buying tiny homes and off grid homes they have many potential customers. They have already gotten storm ratings for several states in regards to hurricanes and tornadoes... no, maybe not in most major cities, but these could easily fit into many suburban settings unless the restrictions are tight such as gated and exclusive upscale communities where these wouldn't even be considered. Personally, I see it as a great investment that will one day pay off handsomely! Only time will tell on this... we will have to see who is right and if the ones scared off by a video like this were educated properly or mislead... time will tell... personally, I bought some shares... with the housing shortage and price on homes, people paying more than homes are even worth just to get property, I see this as a time and idea that is right... time will tell...
You need to go back and do your homework... I'm a truck driver who has hauled these units from the manufacturing plant in Nevada.. they are legal loads and only 12 ft high. Once you unfold it will be higher.
What type of truck and trailer did you haul these on? A double drop lowboy behind a heavy duty big rig meant to haul a 30,000 pound piece of earth moving equipment? If these cannot be hauled on a gooseneck flat deck trailer behind a 1 ton pickup truck the shipping costs will not be competitive and there are a limited amount of trucks to haul them on, not too mention the fact that alot of homesites will not be accessible by a large semi and heavy equipment trailer. The unboxed casita may be 12' high, but it doesn't ride on the asphalt. Any trailer with a deck height greater than 18" will cause issues in half the country. The homes delivered to the port in Florida were sold to the government, and everyone knows they could care less what the shipping costs were lol.
@@speedfreaklife2136 very late to conversation here, but thats the beauty, all these questions and facts are diarised. Keep the pressure on because you actually know what you are talking about. I think BOXABL is heavy into hype and even this original post could be employee or a contract commentor.
Thank you, Moe. I accidently found your channel and now subscribe. I have been trying to out if I should and can invest in the Boxable. But, then I also looked at similar items in Alibaba. Why are the much cheaper? What are the differences between the Boxable and those from China?
Hi Yumi, I am glad you found the video helpful, and thank you for subscribing. More exciting videos to come soon. There are several reasons why other options are cheaper: 1) Materials used, 2) cheaper labor, 3) production quality, 4) functionality. Some of the chinese options (i.e. the $8K expandable homes from china have a worse quality, but they are also 40K cheaper than the boxable units, so the tradeoff depends on the use case. On another hand, I have also seen great units for ~25K shipped that have very good quality, but need a little bit more work to get them assembled and hooked up (~1 week of work for 2 workers). These units also give you more options to customize the units. So it really depends on the use case. I am currently working on a more comprehensive Boxabl overview from the investor side and the customer/user side, so watch out for that being published in the coming days/weeks. Hope that answers your question
There is a huge difference between a Boxable & the Tiny homes from China. For one, China does not have the safety regulations that US built homes have so you can't just put them anywhere here and in other countries with stricter Reg's as you must have approval from your local town & city. Also there can be major safety concerns if you don't perform a thorough review of the materials used, whether it's Boxable or China, you get what you pay for....
Since this video was released 11 months ago Boxabl has acquired Build IP LLC and 60 of its patents, would you now consider it to be a lower risk IPO? Thoughts?
Here are some positive points.. 1) The resevation list is over 120,000 long and growing. Multiply that times $50K. 2) Elon Musk owns one..ha ha... 3) On paced to produce 1 home every 90 minutes. Vision to produce 1 home every minutes. 4) 10K plus investors already. 5) Boxabl followers are growing at an exponential rate.
Hi there, those are good points, thanks for your thoughts. If they can convert the reservations, that would be great and definitely prove the product market fit. The production rate will be great, that would help if the demand for the casitas is there.
re: "1) The resevation list is over 120,000 long and growing. Multiply that times $50K." $50K is the (current) retail cost of a Casita. Retail cost is not the same as profit. Until they actually have the large-scale automated factory manufacturing that's part of their business model (and is not easy to fund, create, or maintain), $50K for a hand-built tiny house like that made in the U.S. could actually be a loss leader.
re: 3) On paced to produce 1 home every 90 minutes. Vision to produce 1 home every minutes. "On pace" implies a publicly disclosed, credible date they expect to be able to produce 1 home every 90 minutes. Could you share a (reputable) source for that if you have it? Boxabl's own documents say they don't have the money to buy the automated machinery their fast-production business model is based on. 1 home a minute is absurd, and another sign that Facts don't seem to be a priority for this company, IMO.
IF (BIG if), they could get the price to low or keep it around 50K it might be worth it, (my house 3b 1,195sqf 1995 =93K now 2022 325K), so here is where I see the value. But that all needs to be lock stepped in that price. A friend informed me about this, I am still giving it thought but I feel the things you point out make my case for not investing, I live in Las Vegas, I gamble very little because I don't like to lose.
Glad it was informative. I am not trying to discourage people from investing in Boxabl, they might (and hopefully will be) successful. I just want to show another perspective from all the Boxabl hype content. And yes, they might be able to be significantly cheaper than other options, but that still needs to be proven on scale.
Hi, Yvette, I am currently working on a more comprehensive video about boxabl from the investor and user perspective so stay tuned for that. :) Thanks for your comment
2:47 yea it’s $8k but what does it cost to ship it to the us? What’s material comparison, and the longevity of said materials? Looks like you need to do more research
The cost to ship 2 units to the west coast US is 6K (the cost of a 40ft container). The materials are similar to boxable's. The interior appliances are worse, but besides that, the build quality is not much worse. Thanks for your comment though
Great insight! Definitely too early to predict the future of this company but I’m still going to choose Boxabl for the “high risk” portion of my investments. Thank you for pointing out the relationship between Papa Tiramani owning all the patents through “Installed Building Products Inc.” I’ll be keeping my eye on that. It appears that Elon Musk is in no way invested in Boxabl in any official capacity, it does however appear that Solar City and Boxabl are considering a potential partnership as the Casitas are often advertised as coming with a Tesla Powerwall and Solar City panels. If the is weren’t true in some capacity, Elon would be suing them by now. Lastly, while the numbers are mostly fluff until they can fulfill the orders, they do have an immense number of orders which means they are successfully taking over the mental real estate of the majority of the “small home” shoppers. Thanks again for your insight!
Thank you so much for your input. I am glad you are aware of the risks involved but also do your own independent research and made an informed investment decision. Thank you for your input on the above points as well. 👍🏼 I’m making a more in-depth video on the company, so stay tuned for that 😃
like your optimism, but these two running the company do not have 1% of the genius and skill of Elon Musk. Started with good intentions but I believe they've fallen into desperate marketing ploy to survive (ie selling the never ending wait list). btw, not a Musk fan boy at all, especially with his fall into madness last 2 years, but the mans a genius do'er.
A fundamental question on Demand.... In USA or in most OECD countries the cot of housing is mainly Land cost.... no matter what the block size .. so even if the BOX house cost is low where is the cheap land? are people who have large block allowed to sort of subdivide and build and such houses? Also such public fund raising doe sit not require SEC scrutiny?
Thanks for your thoughts. I agree that most of the housing cost is land. But we can't blame Boxabl for that. Nevertheless, it is still an issue that has not yet been solved. And with regards to the offering, it is partially regulated by the SEC, but crowdfunding has been legalized since 2012 with Obama's jobs act. The regulatory hurdle is lower than IPO but still requieres some filings and a third party audit
@@MoeLueker Not blaming the company just trying to understand where the demand is if Land cost is a big component ? what town planning restrictions are? how utilities work? ON SEC is the third part audit easily available?
I really want to invest, but not at a 3b eval thats ridiclous. There's a statstic out there which is insane but something like most IPO's crash right after public launch because they were way over valued. Of course every company is going to over value themselves. Look at Rivian. I think once the dust settles and a the market determines the true evaluation, it will be a fantastic time to invest.
Hahaha. If the company itself is already giving a direct and second base response of laughter without any counter argument.. Then you can safely assume Moe nailed the review:-)
Hi Boxabl, nice to meet ya. Thanks for your input. I love to see you guys succeed and help stir up the housing market and make housing prices more affordable, that would be awesome!!! Please prove me wrong and make me regret not investing in a few years.
Made in China says it all. 😂 No thanks I’ll pass. I actually toured The boxable factory And I must say they’re very well-made and upscale small homes that you can stack on top of each other or even connect side-by-side. I think they are an amazing product and cutting edge and this is just the beginning for this company and they’re going to go very far!
@@evolveandgrow174 so is there anything that shows exactly how the foundation is built and how expensive that is, and how the electrical and plumbing is set up? If you want the internet, can that be wired or are you wireless?
I clicked on this because I'm looking for different sides of the argument but there's a lot of redundant statements. Just get to the point. Also, this doesn't address the convenience of having your home completely set up within the week (considering utilities) or the flexibility of adding more sqft easily in the future. This price point is comparable to the homes in my area (UT) including land and utilities if you really dig and compare new to old and cost of renting while waiting for your home to be built.
The problem is, you people are comparing a startup to companies that have been around for generations. First off, the Casita is 361 square feet, not 375. Weird how you spent 10hrs on this and got that wrong. Next, they do disclose that shipping and installation is not included in the $50k (at the time of this video). There isn’t a uniform number for those fees that will be the same for all customers because those fees are based on location and what the contractor finds necessary for installation during the site survey. Both of which will be different for each customer since everyone DOES NOT have the same address or live on the same climate or in states that have the same regulations for permits. The factory is in Las Vegas. So shipping will likely cost less going to California than if the casita is going to Maine. Washington requires plumbing pipes to be covered so they don’t freeze in the snow. That would make installation cost more than it would in Arizona whose modular program doesn’t have that requirement. Next, BOXABL is still a young company and pioneers in the game regarding getting this foldable design to be commercial. There’s a LOT of red tape to get through even if foldable homes wasn’t a new product category. Next, most companies were started with investments so I don’t even understand why that’s a pressure point for people anyway. If you went to tour the factory, you could CLEARLY see where your money is going and what it’s doing. It’s VERY advanced for a startup. Give them a BREAK! They’ve only been in production since 2021. People need to be patient and keep up with the updates. Y’all are crying about everything that BOXABL hasn’t done yet but fail to recognize all that they HAVE achieved since 2021. While facing MANY obstacles. Tesla didn’t become the success it is in 3 years. New Legislation had to be passed to accommodate the sale of electric cars when it was a brand new product category. CALM DOWN! Damn!
Thanks! you said it all. I've invested pretty heavily after touring their factory. They are growing very rapidly with 3 factories side by side and plans to build a monster factory. One home completion per minute is their achievable goal. Thanks for clearing the air for this expert. Oh.....at 81cents per share you'll own 1,234 shares. That allows all of us little guys a chance to own a piece of the future Apple of housing. Oh yeah, investing is a risk
Frankly, I hope they aren't a good investment. "Shelter as investment" is what's wrong with our housing market, and now it's what's wrong with our whole economy, because of the housing market. "Land Lord as Lifestyle" needs to be heavily disincentivized, if not penalized, even if it hairlips every boomer in this hospice. On the other hand, for someone who's shopping for a home to, you know, LIVE in, I would argue that, even if a Boxable lost 80% of it's resale value in the first year, taking care of your housing costs for the next 50 years for less than $150k is > passive income.
As for elaboration on financials, there will now be public filings so we will see more reports. The first 6 months of 2023 I don’t see much happening as they buy equipment and fill the new factory 2, but by 3rd and 4th quarter, I think there will be a lot of people kicking themselves who didn’t do their own research.
Did they go public? I did not see that they have an IPO. What is their ticker symbol and where can we get the quarterly reports? Looking forward to looking more into their updated numbers.
@@MoeLueker I just reconfirmed, Boxabl is still private company but now has to file publicly because of the number of individual shareholders.👍🏽 ETA: I edited original comment so as not to cause confusion.
@@MoeLueker Also videos are now being released of their 2-story, 3 bedroom with entertainment deck at the International Builders show that was held in Vegas this week. It’s awesome!
Great video! Something I felt was missing: More elaboration on the financials, assets and liabilities, P/E ratios, perhaps more than the use of one ratio, just a more macroeconomic view in general!
Hi Christopher, Thanks for your feedback, greatly appreciated! Glad you would like to here more about the macroeconomic view and dig deeper into financials. I wasn't able to cover that/fit it in to my 10 minute video. But I will add it to a longer video that goes more in depth. Appreciate your feedback
I would buy one of their houses, but I wouldn't buy their stock. If it ever starts to look like it's going to be successful on a large scale, the local contractors you need to actually site the home will quickly organize against it, just like they've been organized against modular homes for the last 75 years. If you're used to building houses and kitchen "remodels," installing a Boxable isn't going to be worth the trouble of unloading your truck.
Well on base value, you’re correct why would you buy a boxabl for $50,000 in the US when you can just buy a tiny home for $8000 in China that’s similar? Well think about this too, why buy an iPhone made in the US, when you can just get something that looks similar to an iPhone in China? Just because the price is lower, doesn’t mean it’s always better. I guarantee China has different rules and regulations on the standards of building a house compared to the US. Also, imagine shipping it to the US and how much that would cost. Most of the things you listed were at face value, deterring people from investing in the company while you invest. Honestly a smart move and I applaud you if that’s actually what you’re doing 😂
Hi JC, thanks for the comment. Yes, some chinese products are cheap, but China can also produce great product. For example from your argument: Iphones are made in china :) Your second point: China has different rules and regulations, but I contacted some of the factories and they build the units based on US standards as that is one of their main markets. Shipping costs ~6000 USD to Long Beach (LA) for houses. And I did not invest in the company, I am just trying to share some of my research and thoughts with other people.
So far with the rising cost of homes. The average home in the usa costs around $450k. No to mention the added expense that you claim. Let me tell you. Land ownership. Should be stricken from the record as land prices will only retain value. Unless some kind of natural disaster should insue. In which case your talking bad luck. Not bad investment. Boxable is seeming really good so far.
Yes, dig deeper, most of the information you exposed, i agreed with. I'm following you, young man. You have the knowledge, energy, and resources to dig deeper. Please stay at it. I'm architect and licensed contractor, and I can build at $100.00 sf. Fully furnished. Considering their technology, they should be able to do the same. The big difference is labor cost. Not including shipping from overseas and related expenses like insurance.
Trying to change the zoning laws for pre fab homes is damn near impossible on many levels. This is not a new idea. Boxabl falls under the same laws as a trailer home. So unless the government changes all the housing/ property zoning laws overnight, this won’t work. Great idea but not new. Sorry but Boxabl will fail.
Great video, but there's one more question; how does Boxabl's product or service actually differentiate from competitors? Have they designed a superior design or found better materials than others? Do they deliver the box faster than other companies?
I personal think their design is far superior. Their idea has solved a lot of problems with housing. Here’s some big accomplishments. 1. Transportability: it folds up to avoid oversized load shipping and saves potential thousands in costs. 2. Production line: It allows housing to become industrialized like the car industry. They are working with Porsche to create an automated assembly line. Their eventual goal is a house per minute just like a car manufacturer. 3. Lighting fast assembly: assuming you have foundation and utilities set, you could assemble, hook up, and start living in the boxabl same day. 4. Revolutionary wall design: the wall panels are made out of eps foam laminated between some kind of concrete board I believe making it a fantastic insulator, fire resistant, water proof, and many others. It’s also strong enough to stack five high. No other company compares to any of these points.
My prediction is that if they wait til the market pumps back up in 2025 ou 2026 they will IPO at a 5b market cap pump to 20B but with little revenue and a high regulation, competition and market manipulation their market cap will be driven back down to 1B or they’ll even go bankrupt I can be completely wrong so let’s see how things play out
So you talking about investing in the company. But how about buying a home. You make it sound like the home is not worth it. Since you have all this knowledge solve this for me how do I buy a home in Hawaii. Lived here all my life I see monster homes with 5 families living there. How do I get my own home in Hawaii
Good point, those two things definitely need to be distinguished. I’ve been thinking about making a more in-depth video if there is enough interest from people.
Thanks for your comment, sorry i only saw it now. Currently working on another project but I'm planning to make some other investment vides in the future.
This is why I invested in Tesla AFTER they went through production hell with the Model 3... If you can't buy the product - and it's already a $3 Billion valuation - why the HELL would you invest in it? Ppl like Elon happen a few times per generation - Paolo and Galiano have a lot of work to do to prove they are in that league. I definitely buy into the vision - but as they say - 1% inspiration - 99% perspiration! Would love to see more coverage of it - I feel like lots of uninformed investors are at risk with this one..
Thanks Leon, I am on the same page. I really want them to pull this off but it requires a ton of work, and the valuation is already at 3B... I am making a more in-depth video this week about the company that covers many things I didn't have time for in this short vid. Stay tuned and thanks for your comment.
I doubt we will see these in major cities in USA, they could be purchased by businesses or wealthier people to add value to their property, but the fact that people even think this is a solution to affordable housing has lost their touch with reality. Most people who struggle with housing do not own land, so obtaining this knocks them out of the market. and putting them in a studio-box on a 30 year mortgage isn't the solution.
Wrong. In the Canadian housing market, in Toronto, the avg price home is 1.07m. With boxabl, even spending 300k on land and other stuff, it’s still more worth it for millennials than to get a more traditional house.
Yes, in developed cities, housing prices have exploded recently. But do you know the zoning laws in the GTA and if Boxables are allowed to be used as standalone houses?
Yeah, same here in the US. In states like Florida, Texas, Atlanta, California & New Mexico. You are at an advantage as there are existing communities support these types of homes now. I've already purchased a land lot in Palm Springs California and will be placing the Casita on a concrete foundation. I can't tell you how insanely high the cost would have been to buy an existing home or build a new home near Indian Wells.
Hi Anthony, to my knowledge, Elon hasn't announced that him or tesla are planning to sell prefab homes. As to whether he owns one, yes, it is confirmed that he bought a Boxabl home. I remember reading that hee doesn't use it as his primary residence and instead lives in a
Yeah I’ve looked into buying this. The house itself is cheap but they do market how much it would cost on their website you just got a dig deeper it’s not on the main page if you don’t live on the West Coast it’s gonna cost close to $10,000 to ship it and just to buy the land all the permanent and you were talking about it’s gonna cost about $100,000 so me and my friends are looking into buying a piece of land together and doing all that stuff and dividing the cost and then getting a bunch of these boxable’s at same time. It may be just easier to build a house for the money we’re gonna spend all this.
don't forget the cost of getting permits from your city, along with all the fees to run electricity and sewer and water into each unit..i am having a hard time seeing this work for a regular consumer. everyone is just fixated on $60k for a house like that is the final cost plus maybe shipping, ...some guys on another vid said, just go get their parcel of land to be a flat useable space is costing him $30k in govt permits and drawings...
@@unc3yogaburpeesupport64 yes I was looking into that and I said to my friends buying the cubicle for 50,000 it’s probably the cheapest part of it buying the land the permits getting the land ready paying for the electric the water sewage everything is going to be most of the cost at that point it’s just better to buy a house
@JI TI - If you did just a little of your own due diligence/independent research via Google, vs taking one person’s dicey video as complete gospel, you’d quickly learn BOXABL isn’t faking anything.
@@jiti5034 - Sure, but why would you bother saying, “I hope they’re not faking it til they make it” when you could have easily gone and double-checked/vetted BOXABL’s work and progress, on the internet(?) You do know the “internet” and research tools like “Google” actually exist in 2022 … yes/no(?)
@@__WJK__ OK WJK , I made a shall we say "a Cynical Remark" OK I should have not ,, but do you know why people make such remarks because they sometimes see through the hype specially in the current climate of "Start up is everything " Mantra .. any way here are some positive thought and some questions and concerns ( hope you don;t mind) Positives: 1) Looks like they have managed to design a partially folding design which when unfolded perhaps does not need any touch up for all the hinged joints , sort of self sealing perhaps with some gaskets etc. good on them 2) If they have achieved ALL I mean ALL furnishings/ furniture / Kitchen appliances to be shipped within same box package with min moving assembly then that is great + 3) If the Building cost is cheaper than comparable tiny houses then that is good too( I do not know enough about US market) 4) If they have worked out Mass production methods which work then again kudos to them ... 4) I see 3-4 markets - Urban high density community - Rural large mid blocks but owner does not want big house - Remote area Mining/ Military's etc In all these 3 areas the concept of " Portable houses is nothing new " but still kudos to them for entering such a known market Now the concerns: First as consumer 1) Marketing hype: 50K for a house,,, should really be more transparent including approx land preparation requirements on a sloping block / connections/ Permits/ Engg certification 2) Transportation cost from factory and limits 3) Time of delivery is it logical? As a investor: This is where it starts getting serious.... Crowd funding and IPO both attracts mom and Dad investors ...unfortunately with ICO /start up craze there is much less scrutiny -Also as said previously Pre fab small house s is nothing new .. Waiting time.... hope you realize that when advance is taken and if product is still in R&D or just just past that people start talking if delivery or entire viability becomes a concern ...here is an example www.rotimatic.com a brilliant invention took years to come to fruitarian and people got annoyed .. any way best of luck to this industry and company.
True more expensive than China, but imagine the shipping from China, then the shipping to site cost? Plus the idea that you have the manufacture here in the US. Try getting a straight answer from China. For a single buyer this purchase should only be made with discretionary income, basically a luxury item. The pricing is best suited for city governments to address the affordable housing crisis. They have the land already, they have everything at their disposal to complete a small community within their city and create a new source of revenue.
Thanks for your comment. The shipping to Long Beach (LA) is 6K for 2 units. And the additional logistics depends on your logistics provider (but similar cost to Boxable's shipping costs), but its closer if you live in CA or near the coast. And I agree its a good luxury item for people who already have a house and property.
Another question that needs an answer. Exactly what is left unfinished at the factory on these homes that has to be finished in the field at the homesite by other subcontractors?
(1) The roof, as they are shipped with a glue down roof partially installed-with unfinished seams at the hinge points and unfinished drip edges (reason why they are shrink-wrapped in white plastic).
(2) The flooring. Vinyl plank flooring locks together and certainly will not "fold up" with the house.
(3) The HVAC. The outdoor compressor will have to be installed and charged with freon
(4) A Crane. A fairly good sized crane or large extended reach forklift will be required due to the height of the unfolding process.
(5) The other items, plumbing, electrical, installation of the divider between the living room and bedroom, installation of the breakfast bar, etc.
Will this installation take multiple trade contractors to do the installation? It will in most or all states require licensed HVAC, Electrical, Roofing, Flooring and plumbing contractors. Along with a crane operator.
These homes will not "Unbox in an Hour". That statement is complete hype.
What is the real cost to finish one of these homes at the home site? Who will they find to do these installations with the proper contracting licenses to do the work? It certainly won't be an average handyman. Home sites in rural or remote locations pose another challenge finding a company to set up and complete the home.
Hi SpeedFreakLife,
Thank you so much for these comments. You are making great points. I am currently working on a longer, more in-depth video on the company and will try to find answers to these questions and will address them in the video. Stay tuned for that. Thank you for your comment.
I’d like to see someone who already owns property with water, electricity, and a septic system find a contractor who will build them a house for 133$ a square foot. At that price the fact that they pop up in an hour is just a bonus. Boxabl is going to be huge in 5 years.
Thanks for your comment.
Yea I think he's a paid discourager lol watch out for these people...
Houses and cars are liabilities...this will be huge
@@joshuatravis4766 hi Joshua, thanks for your thoughts. I am not paid to discourage anyone and put out any type of content, but think it is amusing that you think I am.
And maybe they will be huge, only time will tell.
Lol Boxabl pops up in an hour. Ok if you have a crane on site and your building code allows you to have a home structure with a flat roof. Boxabl even states on their website that theres a good chances consumers are going to have to pay to have a pitched roof installed. Not to mention unboxing the Boxabl will not be consistent because they plan on contracting that labor out.
Would you like to see a more in-depth analysis on this company that covers any points that I did not include in this video? (i.e. Macro view of the market, multiples in the industry, US Competitors, etc.) If this comments gets 50 UPVOTES, I will publish a more in-depth analysis.
You can also reply to this comment and let me know which things you would like me to cover
I think you may wanna pump your brakes after what Brandon just did this week.
Just found your channel. I’d like to know more.
Let’s educate each other.
And I’m not talking about throwing out fancy terms like Macro-“fill in the blank” to make my argument sound smart, either.
If I’m wrong, I’m wrong.
But your advice doesn’t pass the sniff test, brother.
@@justlooking4771 What did he do this week?
@@justlooking4771 Hi, thanks for the feedback.
@@AndiGrant Yes, I will definitely distinguish between those two cases. I think they get confused sometimes.
I don't think i will be able to dig into 3D printing as the video will already pretty long, but I might do another video on that.
By the time they actually filll the 179,000 orders for the Casita, I figured that will be by the year 3000 if we're lucky.😂 I also was under the impression that these homes are supposed to allow everyone affordable housing. When the information first came out on the cost of a casita, the price was listed as $49,500 since the initial introduction, the price has gone up $10,000. At this point where the cost increases will stop, no one knows..... so is this really going to be an affordable product in the long run?😅
I don’t know. I’ve been doing some research on these and disagree with you.
There’s going to a lot of empty nesters with their kids finally moving out of their basements (college loans going away) and (as a 47 year old) we are all going to be in the “whew! They’re gone! Why am I paying air conditioning/heating/paying taxes/paying the other half of a 30-year mortgage) for a 2,500 sqft home when it’s only 1 or 2 of us living here?”
That is a great point. I am working on a more comprehensive video about boxabl from the investor and user perspective where I also talk about the macrotrends more. So stay tuned for that. :) Thanks for your comment
thanks for this video I had come across this company randomly due to a youtube video and this gave me what i needed to know to avoid making it my first investment especially since it's a year later and they're still private.
Glad it was helpful! Always important to do your own research before investing.
What about buying one and living in it? Is it better than buying a traditional home in the current real estate market?
It's better to finance a Boxable home first before deciding to invest it. Don't get overconfident with the investment.
Don't get too comfortable with homes made in China. Their quality will suffer a lot due to intellectual property theft.
I figure that they are trying to build another factory to accelerate the production process, paying their staff, and other expense situations.
Homes near my area are too overpriced. That's why I plan to finance the boxable home to get out of my old apartment.
Hi, thanks for sharing your thoughts. Let me know how it goes when you get your Boxabl set up :)
Like this video and tells me a lot as we are looking at them. The part I see is as you stated they do not show how to product is built and delivered to the actual job site and what is needed to actually complete the home. Then you have cities that have to approve this and give permits and a CFO before you can move in. It would be nice to know all this.
That is a good point, thanks for commenting on the video and pointing that out. Again, my video is not investment advice, but rather my own opinion and why I did not invest in the 3B valuation equity crowdfunding campaign.
Moe, you also missed the fact that these homes are 13' tall when packed up for shipping. Add the deck height of any flat shipping trailer to that number for the total shipping height. The legal load height on most highways in the US is 13'6"-14'. Any height above that requires a special permit and an escort car (wide load signs, etc). Boxabl never mentions the shipping height in any of their videos, they only mention that they are within the legal width to ship. Also note that the only shipping trucks seen in their videos are large, heavy equipment trucks with a special "lowboy" type trailer called a "double drop", designed for hauling huge heavy equipment like bulldozers and earth movers. Most "double drop" trailers have a deck height of 18"-24". It will be very, very expensive to ship these homes, along with the limits on where these trucks and trailers can deliver one of these casitas.
Hi Alissa, thanks for making me aware of this. I hadn't considered this, but thats a good point that I will look into deeper. Boxabl lists on their website that "A rough budget might be $3-$10/mile from Las Vegas." So for places near vegas, shipping wont be that expensive. For Places on the california coast, it will be around 1600-5600. I am not a logistics expert; the National Private Truck Council (NPTC) says the average trucking cost per mile in the U.S. for private fleets is $2.90. So the Boxabl listed $3-$10/Mile might be higher than average to account for taller than average shipping height? What do you think?
I'm a truck driver picked up boxabl in Nevada delivered to Florida Port. It was legal the box dimension is 20'x8'x12'.
@@wyne8727 Hi, wyne, thanks for sharing and confirming this with first hand experience.
@@AndiGrant Hi, thanks for confirming this. I will try to join the Next AMA/QAs
@@AndiGrant for the record I'm pulling RGN trailer some call it lowboy.
How’d you contact manufactures in China, and were they willing to sell to you? I am very interested in purchasing something like this and buying a good piece of land.
I emailed them and messaged them on platforms like Alibaba. I’ve ordered 2 and will likely make a video on it, so stay tuned :)
@@MoeLueker Thank you so much for replying! I can’t wait for that video! I really think these things are life changing.
It’ll either work or it won’t. Nothing is perfect at the beginning and if it works the price will drop over time. As far as an investment I myself will wait to see the hallmarks of what I use to determine a good investment before investing. I hope it works and will keep an eye on it. Good luck Boxabl!
Great point, 100% agree
Won't I need a land,foundation cost,plumbing cost ,electrical cost etc
Before I can Put the 50k house somewhere?
So 50k for house and the rest so is about400k in total or more?
Is it cheaper
That is a great observation, you are right. It will cost a bunch to install these beyond the 50k. I don't know how much that is... Getting zoning for these as standalone units is difficult, so its best suited for people who already own a home and property so they can install them as ADUs, but even then there are lots of costs associated with installing them. (probably less than 400k if you already own the property), but not insignificant.
@Moe Lueker yes there more than just buying the units.
Nice job, wish you good luck with your channel! 🤞
Thank you so much!!
Why didnt we know about these walkthroughs!!! This is great!
Thanks, Appreciate it! More videos to come 🙌
Guys, Boxabl is the best example about what is going on with the world market in almost every field….. FAKE SUCCESSFUL PROPAGANDA!!!
Is Boxabol structures Florida approved for hurricane loads ??
In CA it is about $3 per square foot to built some. And manufactured home are over $2.
Yhese units make great 2nd dwellings buy it would be tough to live in without an attached storage shed.
Well I agree with your cost analytics to a good extent,. You might want to check into the cost of building a casita. As a civil engineer I can tell you it will not be cheap. If they can hold this to 50K they'll be able to sell these, but who knows how much it cost for them to make it
Hi, thanks for your feedback. I think you are correct, it will not be cheap. Boxabl claims that the COGS (cost of good sold) is around $30k, giving them a 40% profit margin. But I can dig deeper to see if I can find out more specific information. Stay tuned :)
That is the problem. They don’t share information, because the business is not to sell houses, the business is just play with speculations to attract shareholders and in one point go away. You can’t trust in Giuliano and dad, come on!! I’m civil engineer. They are just dirty players!!
The other…. What about franchises??
I saw a video where Paolo Tiramasi said they can do a house every 90 min, and other where one of the workers said they are doing in average 2 houses per day…. They are lyers!!!
$60k now and they can't even ship any to consumers.. only like 100+ to govt.
what are the other companies that you found that did the same work for much less ($8K)? Thanks
Very helpful video! Thank you. There’s definitely something going on in the background revolving this company, they barely make any information public
Glad it was helpful! Yes, I just wanted to show another perspective from all the hype content.
@@MoeLueker - BOXABL “hype content”(?) What “hype content” exactly…?…
you can just get a regular modular home, and you still have to deal with getting permits and setting foundation. Sadly, its only good for say quick addition to a home but don't see even most single people like this, not because its too small, but simply not a great use/flexible layout
Thanks so much for your commment. I agree with you, it is mainly thought of as an ADU, but they market it as a stand alone unit? Idk, maybe this is the future of housing, maybe just an overvalued company, we will see
that was what i was thinking, but the founder said they DONT need a foundation? like really, and then i read that, they catergorized these "homes" as RVs? is that why they don't need a foundation, it's just so weird all the way around..
I agree with your assessment, as I read all the documentation (although I did not interview anyone)
However - one thing I saw that I DON'T see on other pre-fabs: these units claim to be Hurricane Proof. This is very important for the state of Florida - and worth the extra cost of they truly are. I also saw the solar components are built in as well, which helps to make them green.
Any comments on these 2 points?
Hi Mark, thank you for your comment and hope you found the video helpful.
With regards to your questions: 1) The standard 8K units I mentioned in the video are not hurricane proof. However, i have worked with other Prefabricated home companies that sell homes for around 25-30K (shipped), that reinforce your units to your liking. I ordered units and had them be reinforced up to 156km/hr winds, making them hurricane proof for CAT1 and CAT2.
2) Solar components can also be added to other units I looked at. This could either be purchased right away or be added to the units later on (just like with a regular house/roof).
Hope this answers your quesitons.
I am working on a more comprehensive video about boxabl from the investor and user perspective so stay tuned for that. :) Thanks for your comment
Do you have a website from the china company please? Thanks
Love the video. I got into start engine as a way to find and learn investment opportunities. Boxabl caught my eye but the further I looked into it, the less savory the offering got. When I looked at their audit report attached to the offering sec filing, the latest audit report showed they have zero revenue, and there was a going concern issue which doesn’t help a billion dollar valuation. When I asked about an earnings report timeline and expressed concerns about financials shown so far, their owner didn’t really address my issues and even went far to use the phrase “a no brainer.” Looking at the discussion panel, it looked like a full hype train, and not to mention ppl getting ecstatic over a Elon musk tweet. Ntm comments have remarks towards there “being haters”. It just felt like some reality tv show and I felt the offering at the moment was no where near satisfactory until more concrete information and performance comes out.
For anyone looking at crowdfunding, DO THE RESEARCH.
Hi Ray, glad you liked the video, thanks for sharing your feedback. Glad you are doing research before making an informed investment decision, that is wise. I share some of the concerns you mentioned. I want the company to succeed since I really like this space, but the high valuation discouraged me too based on the financials and points listed in the video. But you bring up a good point, they are really good at making people excited about the product. But maybe that could be a good thing? If they show the same level of work on execution and delivering the homes, they could pull it off. We will see.
I will post another video with a more indepth analysis into their financials and other things I didn't mention in this video, so stay tuned.
@@MoeLueker if had to elaborate the discussion board point, it felt like “if I was trying to invest and learn about a night club, the club promoters were the only ppl really answering questions”
And you do bring up a great point for small cap and crowdfunding, the upper management is a great factor or strength for the company. I listen to a Spotify investment series called Motley Fool Money, and one segment was on small cap investing. The expert/experienced small cap investor mentions that one thing he looks for in potential investments is how the ceo or founder conducts themselves in interviews, letters to shareholders etc. He looked for ppl that kept to the same financial goals over the years, they don’t try to add some new financial accomplishment unless it’s in line with what they are trying to accomplish, and if the letters were not boiler plate.
@@ray2005 That is an excellent analogy! I totally agree, it is always helpful to listen to both sides of the story.
And the podcast is right, management is super important for all companies, especially for small cap ventures. Thanks for sharing your thought.
@@MoeLueker fyi Boxabl just started another campaign on start engine, if you look at the sec filings, the new offering includes new financials for years ending December 2021. There are revenues reported this time around.
@@ray2005 Awesome, thanks for the heads up, I will check it out!
This is an excellent analysis. Thanks for sharing the information and keep making these videos!
Thanks, will do!
There will always be people that throw logic and facts out the window and act based on feelings and hype. God bless them.
Could you please let us know what process you followed for analyzing startups?
I like your videos. I am wondering if you have an updated spreadsheet like the one you offered in 2022?
I definitely agree with the unit analysis. I thought the same thing as an engineer. The actual unit is nice but where are these to be placed? Certainly not in major cities where land is hard to come by and there are zoning restrictions and permitting restrictions. So those major markets are pretty much out.
I only see a developer buying multiple units and placing them on a large piece of land outside of major cities like a suburban community. That is an extremely small market. Maybe some clients overseas will use these as an affordable housing solution in some third world country but that is doubtful. I can't see many individuals going out and buying their own and going through the rigor of getting them setup with utilities, permitting and land.
I think most people are banking on developers and big corporations being the primary client to purchase in volume. We're not talking a regular consumer product or even automobiles here.
Hi there, thanks for your feedback!
Yes, I agree with you. I think the primary market is the California accessory dwelling unit (ADU) market.
I agree with you that major cities will be difficult for these units as land is scarce and zoning is super tough (i know people who tried to get permitting for them as stand alone units in Northern and SoCal and they were denied). But i think zoning for ADU could work.
As to developments: maybe that could be there solution alongside with ADUs, but is the market big enough to support a $3B current valuation and room to grow into a 10-30B company? I guess we will have to wait and see. Hope it works out for them, would be great to bring down the cost of housing.
i was thinking same thing, most cities won't have these, and how will a regular joe get all the permits and contractors in line to get electricity, water, sewer and etc ..that a lot of money..who has time for that?
I’m sure they can add subscription based options for utilities and it may not be ideally priced for a worldwide business but it will be impactful in bigger cities. Being able to have the home delivered is 85% hassle free even if it’s not the biggest home. Most of the people living cities with higher populations downsize their homes anyway. Every investment is a risk but I’m definitely going to invest. Great video though!
Thanks Trilly, that is an interesting idea. Adding a subscription business could give Boxabl more sustained revenues but the question is what the value add will be.
With regards to downsizing, I think you are right, some people are looking to downsize. But not sure if that is the majority of people.
I am working on a more comprehensive video about boxabl from the investor and user perspective so stay tuned for that. :) Thanks for your comment
What is the Chinese company you compared the Boxable model to that charges only $8k
There are a couple of manufacturers that I found on Alibaba.
Wow! That’s crazy, definitely good to know before investing 😲
Thank you.
I would like to see test on the homes, how insulated it is from sound, heat and cold. Not just hearing it "can" "possibly is", show it.
I agree with that 100%. Looking forward to seeing that too
Has your views and data changed?
Excellent video. Thanks for sharing. I would like to know the name of the manufacturers in China who sells these foldable "homes" for $8K per unit. I am interested in finding out the price of shipping to the US. Thanks.
Hi, thank you. I am glad you found the video to be helpful.
There are multiple options out there. I found a few manufacturers through Alibaba and general internet search.
The shipping costs is around 5-10k to the west coast for a 40ft HQ which fits 2 units. So if you buy 2 units, the shipping cost comes down to 2.5-5k per house.
Agree, can’t wait to see how the $8k tiny homes look and if they come fully furnished(?) Will also be interesting to see what the shipping and import taxes are going to cost.
I invested in them early last year. Assessing the investment recently and making a call to them and an additional call to their former governance platform about my investment ...I agree with you. There are red flags. Good luck with your channel. It has solid value. I like the comments on this thread also.
Hi Eliz, thanks for your comment,. Hope your investment goes well, sorry that my personal opinion of the crowdfund investment is a "no-invest" but it might turn out alright?
And thanks about the channel. Might do an updated boxabl video when I find the time.
i know close people that have invested in them and asked me to look into it, the more i researched the more i am unsure. some folks have had their order for their tiny house for 3 years! really, and why is there virtually no videos of any home owners of these homes? and they are worth how much???
Are you still interested in selling your shares?
Sadly,
I think tiny / modular / mass produced homes are going to be a growing market.
I haven't invested in boxable, but mass production living space is starting to make more and more sense.
The additional costs are only "additional" costs if you have absolutely no idea how the world works. Of course you need land, foundation, and to plan for your utilities hook up, etc.
I suspect box able will find success with large industrial type orders and will also be able to get the price lower on individual orders as they continue to scale.
Honestly amazing, keep making these pls.
Thanks, what other companies are you interested in?
Oh- please do an analysis on the ones from China vs the Boxable etc. Thank you for your video.
Hi Yumi, I just ordered 2 homes and will do a video on them later this year once they are installed.
Besides that, I am working on a more comprehensive video about boxabl and their competitors from the investor and user perspective so stay tuned for that. :) Thanks for your comment
Could we get a new video with the new evaluations and sales and how Boxabl is doing after a year of you making this video ?
Probably a good idea to help solve homelessness problem in the US! But couldn't figure it out how the homeless will have a job (if it's located in an inexpensive piece of land or rural, non-suburban area) and able to pay the ongoing expenses.
Yes, I agree with you.
The technology is worth it in the way the walls they use alone... Plus kitchen.. bathroom .. foldable and transportable ... This is a revolution in old fashioned stick built housing
They use styrofoam insulated walls, what do you mean with revolution and technology?
I agree with you, the foldable and transportable is great and it could be a good option for many people
Wished I saw this video before investing. Good presentation
Thank you
Just to clarify, It doesn't mean that it was a bad investment, there is still the chance that the company will be super successful and grow a lot. It just didn't fit my personal risk/reward profile.
All this is in their new disclosures. I am not worried about the employee case but % royalty (on sale cost) concerns. The company makes money or not - owners WILL. They seem to have shielded themselves... investment is in manufacturing and supply chain (operations) as technology doesn't belong to the company!
@@MoeLueker That’s not what your video suggested.
Do you want to sell your shares?
Thanks for waking me up from an almost bad nightmare.
Anytime, happy the video was helpful. Let me know what other companies you're having your eye on, and I might make a video on them too.
you should do research yourself, never just trust someone who says in my opinion!
Hey Moe what is the name and number or website for Chineses company ?
That IP setup sounds a little scammy. Good analysis. I'm not sure whether boxable has any competitive advantage, although it's a clever and catchy name.
Thanks for the feedback. They do have a catchy name and are working on a great problem, so I hope they will be able to succeed, but that still needs to be proven.
Hi, Andi,
I see your points and justification. I also saw Paolo's comment when doing research but it is still not good enough for me to have a great intention. The way I interpreted the IP documents I read, the IP is licensed in perpetuity, but can be changed if both parties agree to it (and currently Paolo is the largest shareholder of both, so he could change it)
I don't think he will and I am not saying that he will, i just thought it would be good for people to be aware of that.
I liked your point on being attacked on the patent, I don't know too much about it but will do some research.
Besides that, as already mentioend, I believe that Paolo should be rewarded for his work and his Patents, but he is also one of the majority shareholders of Boxabl, so if the company succeeds, he will succeed, either way, the patents should be part of the IP you buy when you invest in a $3B company in my opinion. In a sense, he is double dipping (great for him, not so much for investors). (This reminds me of when Adam Neumann trademarked the “WE” brand of WeWork and licensed it to the company of $6M…)
Thanks you two for your thoughts
Well you can say what you want, but I personally think its a sound idea at a time when housing is very short... as for whose going to buy and where, i see these as being able to go almost anywhere and theres no reason why fully assembled and customized outside siding and finishing wouldn't make them multizoned. Furthermore, they do in fact, have many uses for the govt and states to use and utilize as fema type homes and emergency housing... with the number of people buying tiny homes and off grid homes they have many potential customers. They have already gotten storm ratings for several states in regards to hurricanes and tornadoes... no, maybe not in most major cities, but these could easily fit into many suburban settings unless the restrictions are tight such as gated and exclusive upscale communities where these wouldn't even be considered. Personally, I see it as a great investment that will one day pay off handsomely! Only time will tell on this... we will have to see who is right and if the ones scared off by a video like this were educated properly or mislead... time will tell... personally, I bought some shares... with the housing shortage and price on homes, people paying more than homes are even worth just to get property, I see this as a time and idea that is right... time will tell...
I felt like this was going to be an honest review. Thanks.
You need to go back and do your homework... I'm a truck driver who has hauled these units from the manufacturing plant in Nevada.. they are legal loads and only 12 ft high. Once you unfold it will be higher.
Hi, great to hear that, thanks for sharing that info. Yeah, that's what I thought, thanks for clarifying.
What type of truck and trailer did you haul these on? A double drop lowboy behind a heavy duty big rig meant to haul a 30,000 pound piece of earth moving equipment? If these cannot be hauled on a gooseneck flat deck trailer behind a 1 ton pickup truck the shipping costs will not be competitive and there are a limited amount of trucks to haul them on, not too mention the fact that alot of homesites will not be accessible by a large semi and heavy equipment trailer. The unboxed casita may be 12' high, but it doesn't ride on the asphalt. Any trailer with a deck height greater than 18" will cause issues in half the country. The homes delivered to the port in Florida were sold to the government, and everyone knows they could care less what the shipping costs were lol.
Thanks for sharing this. I'm leaving the video. Now I don't trust anything he says lol
@@speedfreaklife2136 very late to conversation here, but thats the beauty, all these questions and facts are diarised. Keep the pressure on because you actually know what you are talking about. I think BOXABL is heavy into hype and even this original post could be employee or a contract commentor.
Thank you, Moe. I accidently found your channel and now subscribe. I have been trying to out if I should and can invest in the Boxable. But, then I also looked at similar items in Alibaba. Why are the much cheaper? What are the differences between the Boxable and those from China?
Hi Yumi, I am glad you found the video helpful, and thank you for subscribing. More exciting videos to come soon.
There are several reasons why other options are cheaper: 1) Materials used, 2) cheaper labor, 3) production quality, 4) functionality. Some of the chinese options (i.e. the $8K expandable homes from china have a worse quality, but they are also 40K cheaper than the boxable units, so the tradeoff depends on the use case. On another hand, I have also seen great units for ~25K shipped that have very good quality, but need a little bit more work to get them assembled and hooked up (~1 week of work for 2 workers). These units also give you more options to customize the units. So it really depends on the use case.
I am currently working on a more comprehensive Boxabl overview from the investor side and the customer/user side, so watch out for that being published in the coming days/weeks. Hope that answers your question
There is a huge difference between a Boxable & the Tiny homes from China. For one, China does not have the safety regulations that US built homes have so you can't just put them anywhere here and in other countries with stricter Reg's as you must have approval from your local town & city. Also there can be major safety concerns if you don't perform a thorough review of the materials used, whether it's Boxable or China, you get what you pay for....
Since this video was released 11 months ago Boxabl has acquired Build IP LLC and 60 of its patents, would you now consider it to be a lower risk IPO? Thoughts?
Here are some positive points..
1) The resevation list is over 120,000 long and growing. Multiply that times $50K.
2) Elon Musk owns one..ha ha...
3) On paced to produce 1 home every 90 minutes. Vision to produce 1 home every minutes.
4) 10K plus investors already.
5) Boxabl followers are growing at an exponential rate.
Hi there, those are good points, thanks for your thoughts. If they can convert the reservations, that would be great and definitely prove the product market fit. The production rate will be great, that would help if the demand for the casitas is there.
Yeah, i am very curious to see how production goes, see the demand, and feedback from customers.
re: "1) The resevation list is over 120,000 long and growing. Multiply that times $50K."
$50K is the (current) retail cost of a Casita. Retail cost is not the same as profit. Until they actually have the large-scale automated factory manufacturing that's part of their business model (and is not easy to fund, create, or maintain), $50K for a hand-built tiny house like that made in the U.S. could actually be a loss leader.
re: 3) On paced to produce 1 home every 90 minutes. Vision to produce 1 home every minutes.
"On pace" implies a publicly disclosed, credible date they expect to be able to produce 1 home every 90 minutes. Could you share a (reputable) source for that if you have it? Boxabl's own documents say they don't have the money to buy the automated machinery their fast-production business model is based on. 1 home a minute is absurd, and another sign that Facts don't seem to be a priority for this company, IMO.
@@AndiGrant May I ask: are you paid by Boxabl, either directly or indirectly? I see you writing favorably about them on quite a lot of videos.
The music you chose made it really difficult to pay attention to what you were saying.
Thanks for the feedback. Will make sure to use less distracting music in the future.
IF (BIG if), they could get the price to low or keep it around 50K it might be worth it, (my house 3b 1,195sqf 1995 =93K now 2022 325K), so here is where I see the value. But that all needs to be lock stepped in that price. A friend informed me about this, I am still giving it thought but I feel the things you point out make my case for not investing, I live in Las Vegas, I gamble very little because I don't like to lose.
Glad it was informative. I am not trying to discourage people from investing in Boxabl, they might (and hopefully will be) successful. I just want to show another perspective from all the Boxabl hype content. And yes, they might be able to be significantly cheaper than other options, but that still needs to be proven on scale.
Can you provide more analysis on this company to sustain the $50Kl?
Hi, Yvette, I am currently working on a more comprehensive video about boxabl from the investor and user perspective so stay tuned for that. :) Thanks for your comment
2:47 yea it’s $8k but what does it cost to ship it to the us? What’s material comparison, and the longevity of said materials? Looks like you need to do more research
The cost to ship 2 units to the west coast US is 6K (the cost of a 40ft container). The materials are similar to boxable's. The interior appliances are worse, but besides that, the build quality is not much worse. Thanks for your comment though
Thanks for making this and sharing it
Thanks harper, glad it has proven useful to you. What other content would you like to see?
What companies would you invest in?
Hi Christopher, I don't like to give investment advice since I am not a Registered financial advisor, I just share my opinions on companies.
Great insight! Definitely too early to predict the future of this company but I’m still going to choose Boxabl for the “high risk” portion of my investments. Thank you for pointing out the relationship between Papa Tiramani owning all the patents through “Installed Building Products Inc.” I’ll be keeping my eye on that. It appears that Elon Musk is in no way invested in Boxabl in any official capacity, it does however appear that Solar City and Boxabl are considering a potential partnership as the Casitas are often advertised as coming with a Tesla Powerwall and Solar City panels. If the is weren’t true in some capacity, Elon would be suing them by now. Lastly, while the numbers are mostly fluff until they can fulfill the orders, they do have an immense number of orders which means they are successfully taking over the mental real estate of the majority of the “small home” shoppers. Thanks again for your insight!
Thank you so much for your input. I am glad you are aware of the risks involved but also do your own independent research and made an informed investment decision.
Thank you for your input on the above points as well. 👍🏼
I’m making a more in-depth video on the company, so stay tuned for that 😃
3 year later, how ppl got scammed by boxabl you tube videos. Just like the tunnel tesla thing a ma jig.
Do a do deeper dive what break it down to the share price
All interesting points…..all similar issues when I invested in Tesla years ago…..I’ll be fine…😊
Thanks for sharing 👍🏼💪🏼
like your optimism, but these two running the company do not have 1% of the genius and skill of Elon Musk. Started with good intentions but I believe they've fallen into desperate marketing ploy to survive (ie selling the never ending wait list). btw, not a Musk fan boy at all, especially with his fall into madness last 2 years, but the mans a genius do'er.
A fundamental question on Demand.... In USA or in most OECD countries the cot of housing is mainly Land cost.... no matter what the block size .. so even if the BOX house cost is low where is the cheap land? are people who have large block allowed to sort of subdivide and build and such houses?
Also such public fund raising doe sit not require SEC scrutiny?
Thanks for your thoughts. I agree that most of the housing cost is land. But we can't blame Boxabl for that. Nevertheless, it is still an issue that has not yet been solved.
And with regards to the offering, it is partially regulated by the SEC, but crowdfunding has been legalized since 2012 with Obama's jobs act.
The regulatory hurdle is lower than IPO but still requieres some filings and a third party audit
@@MoeLueker Not blaming the company just trying to understand where the demand is if Land cost is a big component ? what town planning restrictions are? how utilities work? ON SEC is the third part audit easily available?
I really want to invest, but not at a 3b eval thats ridiclous. There's a statstic out there which is insane but something like most IPO's crash right after public launch because they were way over valued. Of course every company is going to over value themselves. Look at Rivian. I think once the dust settles and a the market determines the true evaluation, it will be a fantastic time to invest.
Hi Cameron, thanks for your input. I agree with you one these points. Thanks for watching
LOL Chinese container homes? Keep reading… don’t kick yourself in a few years!
Hahaha. If the company itself is already giving a direct and second base response of laughter without any counter argument.. Then you can safely assume Moe nailed the review:-)
Hi Boxabl, nice to meet ya. Thanks for your input. I love to see you guys succeed and help stir up the housing market and make housing prices more affordable, that would be awesome!!!
Please prove me wrong and make me regret not investing in a few years.
Haha thanks Nick. Appreciate the humor and feedback :)
Made in China says it all. 😂 No thanks I’ll pass. I actually toured The boxable factory And I must say they’re very well-made and upscale small homes that you can stack on top of each other or even connect side-by-side. I think they are an amazing product and cutting edge and this is just the beginning for this company and they’re going to go very far!
@@evolveandgrow174 so is there anything that shows exactly how the foundation is built and how expensive that is, and how the electrical and plumbing is set up? If you want the internet, can that be wired or are you wireless?
You earned a sub fs 👍🏽
Thanks so much, greatly appreciated. More content to come :)
I clicked on this because I'm looking for different sides of the argument but there's a lot of redundant statements. Just get to the point. Also, this doesn't address the convenience of having your home completely set up within the week (considering utilities) or the flexibility of adding more sqft easily in the future. This price point is comparable to the homes in my area (UT) including land and utilities if you really dig and compare new to old and cost of renting while waiting for your home to be built.
Thanks for your feedback Bob.
💯 This exposed EVERYTHING I’ve suspected about Boxabl
Glad it was helpful.
The problem is, you people are comparing a startup to companies that have been around for generations. First off, the Casita is 361 square feet, not 375. Weird how you spent 10hrs on this and got that wrong.
Next, they do disclose that shipping and installation is not included in the $50k (at the time of this video). There isn’t a uniform number for those fees that will be the same for all customers because those fees are based on location and what the contractor finds necessary for installation during the site survey. Both of which will be different for each customer since everyone DOES NOT have the same address or live on the same climate or in states that have the same regulations for permits. The factory is in Las Vegas. So shipping will likely cost less going to California than if the casita is going to Maine. Washington requires plumbing pipes to be covered so they don’t freeze in the snow. That would make installation cost more than it would in Arizona whose modular program doesn’t have that requirement.
Next, BOXABL is still a young company and pioneers in the game regarding getting this foldable design to be commercial. There’s a LOT of red tape to get through even if foldable homes wasn’t a new product category.
Next, most companies were started with investments so I don’t even understand why that’s a pressure point for people anyway. If you went to tour the factory, you could CLEARLY see where your money is going and what it’s doing. It’s VERY advanced for a startup. Give them a BREAK! They’ve only been in production since 2021.
People need to be patient and keep up with the updates. Y’all are crying about everything that BOXABL hasn’t done yet but fail to recognize all that they HAVE achieved since 2021. While facing MANY obstacles. Tesla didn’t become the success it is in 3 years. New Legislation had to be passed to accommodate the sale of electric cars when it was a brand new product category. CALM DOWN! Damn!
Thanks! you said it all. I've invested pretty heavily after touring their factory. They are growing very rapidly with 3 factories side by side and plans to build a monster factory. One home completion per minute is their achievable goal. Thanks for clearing the air for this expert. Oh.....at 81cents per share you'll own 1,234 shares. That allows all of us little guys a chance to own a piece of the future Apple of housing. Oh yeah, investing is a risk
Thank you for this video. Boxabl has a great idea but they seem to have dropped the ball on processes and execution.
Frankly, I hope they aren't a good investment. "Shelter as investment" is what's wrong with our housing market, and now it's what's wrong with our whole economy, because of the housing market. "Land Lord as Lifestyle" needs to be heavily disincentivized, if not penalized, even if it hairlips every boomer in this hospice.
On the other hand, for someone who's shopping for a home to, you know, LIVE in, I would argue that, even if a Boxable lost 80% of it's resale value in the first year, taking care of your housing costs for the next 50 years for less than $150k is > passive income.
As for elaboration on financials, there will now be public filings so we will see more reports. The first 6 months of 2023 I don’t see much happening as they buy equipment and fill the new factory 2, but by 3rd and 4th quarter, I think there will be a lot of people kicking themselves who didn’t do their own research.
Did they go public? I did not see that they have an IPO. What is their ticker symbol and where can we get the quarterly reports? Looking forward to looking more into their updated numbers.
@@MoeLueker
I just reconfirmed, Boxabl is still private company but now has to file publicly because of the number of individual shareholders.👍🏽
ETA: I edited original comment
so as not to cause confusion.
@@MoeLueker
Also videos are now being released of their 2-story, 3 bedroom with entertainment deck at the International Builders show that was held in Vegas this week. It’s awesome!
could i buy a boxabl unit today? when would it arrive?
You can get on the waitlist, but it’s unclear how long it would take them to deliver! Maybe 1 year maybe 5 or more years? I don’t know
Great video! Something I felt was missing: More elaboration on the financials, assets and liabilities, P/E ratios, perhaps more than the use of one ratio, just a more macroeconomic view in general!
Hi Christopher, Thanks for your feedback, greatly appreciated! Glad you would like to here more about the macroeconomic view and dig deeper into financials. I wasn't able to cover that/fit it in to my 10 minute video. But I will add it to a longer video that goes more in depth. Appreciate your feedback
I would buy one of their houses, but I wouldn't buy their stock. If it ever starts to look like it's going to be successful on a large scale, the local contractors you need to actually site the home will quickly organize against it, just like they've been organized against modular homes for the last 75 years. If you're used to building houses and kitchen "remodels," installing a Boxable isn't going to be worth the trouble of unloading your truck.
Well on base value, you’re correct why would you buy a boxabl for $50,000 in the US when you can just buy a tiny home for $8000 in China that’s similar? Well think about this too, why buy an iPhone made in the US, when you can just get something that looks similar to an iPhone in China?
Just because the price is lower, doesn’t mean it’s always better. I guarantee China has different rules and regulations on the standards of building a house compared to the US. Also, imagine shipping it to the US and how much that would cost.
Most of the things you listed were at face value, deterring people from investing in the company while you invest. Honestly a smart move and I applaud you if that’s actually what you’re doing 😂
Hi JC, thanks for the comment.
Yes, some chinese products are cheap, but China can also produce great product. For example from your argument: Iphones are made in china :)
Your second point: China has different rules and regulations, but I contacted some of the factories and they build the units based on US standards as that is one of their main markets. Shipping costs ~6000 USD to Long Beach (LA) for houses.
And I did not invest in the company, I am just trying to share some of my research and thoughts with other people.
So far with the rising cost of homes. The average home in the usa costs around $450k. No to mention the added expense that you claim. Let me tell you. Land ownership. Should be stricken from the record as land prices will only retain value. Unless some kind of natural disaster should insue. In which case your talking bad luck. Not bad investment. Boxable is seeming really good so far.
Yes, dig deeper, most of the information you exposed, i agreed with. I'm following you, young man. You have the knowledge, energy, and resources to dig deeper. Please stay at it. I'm architect and licensed contractor, and I can build at $100.00 sf. Fully furnished. Considering their technology, they should be able to do the same. The big difference is labor cost. Not including shipping from overseas and related expenses like insurance.
Thanks for your feedback. Appreciate your insights.
They aren’t worth 3 billion 😂😂😂 they aren’t selling anything 😂.
Curious to hear from anyone who has gotten a unit.
@@MoeLueker Elon musk but even when they tried selling to him again he refused. They aren’t up to code to sell to anyone
Yeah, they milked the Elon story pretty hard lol @@MamasHotpocket2
@@MoeLueker lol
I wanted to believe you but comparing boxabl made in American factories to Chinese built homes or building a home yourself for 50k$ is just crazy.
What is the one for 8K
Anything from China has the potential for high shipping costs (which may be as much or more than the actual tiny home). Do your research.
Trying to change the zoning laws for pre fab homes is damn near impossible on many levels. This is not a new idea. Boxabl falls under the same laws as a trailer home. So unless the government changes all the housing/ property zoning laws overnight, this won’t work. Great idea but not new. Sorry but Boxabl will fail.
Great video, but there's one more question; how does Boxabl's product or service actually differentiate from competitors?
Have they designed a superior design or found better materials than others? Do they deliver the box faster than other companies?
Excellent question. I might address that in a future video
I personal think their design is far superior. Their idea has solved a lot of problems with housing. Here’s some big accomplishments.
1. Transportability: it folds up to avoid oversized load shipping and saves potential thousands in costs.
2. Production line: It allows housing to become industrialized like the car industry. They are working with Porsche to create an automated assembly line. Their eventual goal is a house per minute just like a car manufacturer.
3. Lighting fast assembly: assuming you have foundation and utilities set, you could assemble, hook up, and start living in the boxabl same day.
4. Revolutionary wall design: the wall panels are made out of eps foam laminated between some kind of concrete board I believe making it a fantastic insulator, fire resistant, water proof, and many others. It’s also strong enough to stack five high.
No other company compares to any of these points.
My prediction is that if they wait til the market pumps back up in 2025 ou 2026 they will IPO at a 5b market cap pump to 20B but with little revenue and a high regulation, competition and market manipulation their market cap will be driven back down to 1B or they’ll even go bankrupt
I can be completely wrong so let’s see how things play out
That could be one way it plays out. Will keep watching what’s happening in this space
So you talking about investing in the company. But how about buying a home. You make it sound like the home is not worth it. Since you have all this knowledge solve this for me how do I buy a home in Hawaii. Lived here all my life I see monster homes with 5 families living there. How do I get my own home in Hawaii
Good point, those two things definitely need to be distinguished. I’ve been thinking about making a more in-depth video if there is enough interest from people.
I’ve lived in hawaii for multiple years too, so I’m very familiar with the housing problem there too
Hello Can you do a review on fanbase
Thanks for your comment, sorry i only saw it now. Currently working on another project but I'm planning to make some other investment vides in the future.
Thank you for your investigation. Most of us Independent investors can spend the time you put into it.
Hi Michael, glad it was helpful. I will be working on more company reviews in the coming days/weeks, so stay tuned 👍🏽😁
Question: Has ANYONE EVER seen EVEN 1 Home delivered?
I believe they're waitlisted rn per their website.
Not that I know of besides their initial government deal, but I haven't heard testimonials of that either.
Could you make a vid on azure 3D homes
I'll look into them and might do a video on them
How about aptera
I haven’t checked them out yet
This is why I invested in Tesla AFTER they went through production hell with the Model 3... If you can't buy the product - and it's already a $3 Billion valuation - why the HELL would you invest in it? Ppl like Elon happen a few times per generation - Paolo and Galiano have a lot of work to do to prove they are in that league. I definitely buy into the vision - but as they say - 1% inspiration - 99% perspiration! Would love to see more coverage of it - I feel like lots of uninformed investors are at risk with this one..
Thanks Leon, I am on the same page. I really want them to pull this off but it requires a ton of work, and the valuation is already at 3B...
I am making a more in-depth video this week about the company that covers many things I didn't have time for in this short vid. Stay tuned and thanks for your comment.
@@MoeLueker Right on!
I doubt we will see these in major cities in USA, they could be purchased by businesses or wealthier people to add value to their property, but the fact that people even think this is a solution to affordable housing has lost their touch with reality.
Most people who struggle with housing do not own land, so obtaining this knocks them out of the market. and putting them in a studio-box on a 30 year mortgage isn't the solution.
Thanks for your comment, I agree with you.
Wrong. In the Canadian housing market, in Toronto, the avg price home is 1.07m. With boxabl, even spending 300k on land and other stuff, it’s still more worth it for millennials than to get a more traditional house.
Yes, in developed cities, housing prices have exploded recently. But do you know the zoning laws in the GTA and if Boxables are allowed to be used as standalone houses?
Yeah, same here in the US. In states like Florida, Texas, Atlanta, California & New Mexico. You are at an advantage as there are existing communities support these types of homes now. I've already purchased a land lot in Palm Springs California and will be placing the Casita on a concrete foundation. I can't tell you how insanely high the cost would have been to buy an existing home or build a new home near Indian Wells.
Thank you man !
How did Elon Musk Boxabls house work?
Hi Anthony, to my knowledge, Elon hasn't announced that him or tesla are planning to sell prefab homes. As to whether he owns one, yes, it is confirmed that he bought a Boxabl home. I remember reading that hee doesn't use it as his primary residence and instead lives in a
Yeah I’ve looked into buying this. The house itself is cheap but they do market how much it would cost on their website you just got a dig deeper it’s not on the main page if you don’t live on the West Coast it’s gonna cost close to $10,000 to ship it and just to buy the land all the permanent and you were talking about it’s gonna cost about $100,000 so me and my friends are looking into buying a piece of land together and doing all that stuff and dividing the cost and then getting a bunch of these boxable’s at same time. It may be just easier to build a house for the money we’re gonna spend all this.
Thanks so much for the comment, that is helpful to see. Please keep me updated on how it goes (either with the boxabl or with building houses).
don't forget the cost of getting permits from your city, along with all the fees to run electricity and sewer and water into each unit..i am having a hard time seeing this work for a regular consumer. everyone is just fixated on $60k for a house like that is the final cost plus maybe shipping, ...some guys on another vid said, just go get their parcel of land to be a flat useable space is costing him $30k in govt permits and drawings...
@@unc3yogaburpeesupport64 yes I was looking into that and I said to my friends buying the cubicle for 50,000 it’s probably the cheapest part of it buying the land the permits getting the land ready paying for the electric the water sewage everything is going to be most of the cost at that point it’s just better to buy a house
Lets just hope this is not based on the start up mantra of "Fake it until you make it"
I agree
@JI TI - If you did just a little of your own due diligence/independent research via Google, vs taking one person’s dicey video as complete gospel, you’d quickly learn BOXABL isn’t faking anything.
@@__WJK__ I am not taking his word as gosepl , valid technical and viability questions
@@jiti5034 - Sure, but why would you bother saying, “I hope they’re
not faking it til they make it” when you could have easily gone and double-checked/vetted BOXABL’s work and progress, on the internet(?)
You do know the “internet” and research tools like “Google” actually exist in 2022 … yes/no(?)
@@__WJK__ OK WJK , I made a shall we say "a Cynical Remark" OK I should have not ,, but do you know why people make such remarks because they sometimes see through the hype specially in the current climate of "Start up is everything " Mantra .. any way here are some positive thought and some questions and concerns ( hope you don;t mind)
Positives:
1) Looks like they have managed to design a partially folding design which when unfolded perhaps does not need any touch up for all the hinged joints , sort of self sealing perhaps with some gaskets etc. good on them
2) If they have achieved ALL I mean ALL furnishings/ furniture / Kitchen appliances to be shipped within same box package with min moving assembly then that is great +
3) If the Building cost is cheaper than comparable tiny houses then that is good too( I do not know enough about US market)
4) If they have worked out Mass production methods which work then again kudos to them ...
4) I see 3-4 markets
- Urban high density community
- Rural large mid blocks but owner does not want big house
- Remote area Mining/ Military's etc
In all these 3 areas the concept of " Portable houses is nothing new " but still kudos to them for entering such a known market
Now the concerns:
First as consumer
1) Marketing hype: 50K for a house,,, should really be more transparent including approx land preparation requirements on a sloping block / connections/ Permits/ Engg certification
2) Transportation cost from factory and limits
3) Time of delivery is it logical?
As a investor:
This is where it starts getting serious.... Crowd funding and IPO both attracts mom and Dad investors ...unfortunately with ICO /start up craze there is much less scrutiny
-Also as said previously Pre fab small house s is nothing new ..
Waiting time.... hope you realize that when advance is taken and if product is still in R&D or just just past that people start talking if delivery or entire viability becomes a concern ...here is an example www.rotimatic.com a brilliant invention took years to come to fruitarian and people got annoyed .. any way best of luck to this industry and company.
More on the lawsuit please and Thank you!
It's over with
Sec cleared them
Much appreciated!
glad it was helpful
True more expensive than China, but imagine the shipping from China, then the shipping to site cost? Plus the idea that you have the manufacture here in the US. Try getting a straight answer from China. For a single buyer this purchase should only be made with discretionary income, basically a luxury item.
The pricing is best suited for city governments to address the affordable housing crisis. They have the land already, they have everything at their disposal to complete a small community within their city and create a new source of revenue.
Thanks for your comment.
The shipping to Long Beach (LA) is 6K for 2 units. And the additional logistics depends on your logistics provider (but similar cost to Boxable's shipping costs), but its closer if you live in CA or near the coast.
And I agree its a good luxury item for people who already have a house and property.
Thx you for the info
Thank you, hope it was helpful