| General > General Technical Chat |
| Xyla Foxlin Lab Eviction |
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| EEVblog:
--- Quote from: tszaboo on February 07, 2024, 02:49:31 pm ---Well, I think your videos are quite well named, the thumbnails are OK, nothing to be upset about. Better names than: "TSP #207 - Teardown, Detailed Analysis, Upgrade & Experiments of the..." (runs out of characters that Youtube shows). --- End quote --- Yes, length matters too. Can't be too long, and I already lose "EEVblog #### - " every time. But that's why I picked form the start and that's what people expect. |
| EEVblog:
--- Quote from: Nominal Animal on February 07, 2024, 04:27:29 pm ---I did find it very interesting to compare how she dealt with the situation, how Fran dealt with hers, what Dave would suggest and has suggested, and how I'd deal with it myself; so this thread did/does have value to me. (It's not the choices per se, but the reasons for those choices, and what kind of effects those choices might have.) --- End quote --- I don't really see any difference between how Xyla and Fran delt with it. Fran was just way more open about it all, right down to detailing all her finances. In the end both decided to stay in the same location and rent again rather than move and buy. Happy (I guess?) to continue the rental train knowing the cycle will inevitably repeat. Both of them (and me + other creators, and many on this forum) are in the industry where we need large lab/worshop spaces, and always will, so it makes renting always a really short term proposition. I've rented twice for my lab space. Once to expand with an extra office space due the shipping business and also an extra full time employee. That lasted two years and was always desinged to be a temporary measure. I even tried to buy that extra 33sqm space, but that's when prices went insane on the park and it was the first office space in the park to go for over $10k/sqm. Second time was an entire lab move into double the space while I rented out the office I own to help offset the cost. That also lasted the 2 year lease tem and I didn't renew it and decided to cut costs and go back to the lab I own. In both cases renting was always to be a short term plan and I always had the backup of the office that I own. I've done videos on detailing these kinds of choices: |
| nctnico:
--- Quote from: EEVblog on February 07, 2024, 11:50:40 pm --- --- Quote from: Nominal Animal on February 07, 2024, 04:27:29 pm ---I did find it very interesting to compare how she dealt with the situation, how Fran dealt with hers, what Dave would suggest and has suggested, and how I'd deal with it myself; so this thread did/does have value to me. (It's not the choices per se, but the reasons for those choices, and what kind of effects those choices might have.) --- End quote --- I don't really see any difference between how Xyla and Fran delt with it. Fran was just way more open about it all, right down to detailing all her finances. In the end both decided to stay in the same location and rent again rather than move and buy. Happy (I guess?) to continue the rental train knowing the cycle will inevitably repeat. Both of them (and me + other creators, and many on this forum) are in the industry where we need large lab/worshop spaces, and always will, so it makes renting always a really short term proposition. --- End quote --- The problem is to get enough financial means to actually buy a property. You are lucky in that respect by having the chance AND insight to buy your own space. Many people are caught up in being so poor that they are not able to spend the money to make their life cheaper. It is a vicious circle. Or better put, like running in a hamster wheel. Moving like grazy but not going anywhere. |
| SiliconWizard:
Yes. Beyond the state of mind, the hard part, if you start with limited means, is to be able to buy. That's what loans should be for, unfortunately, banks tend not to give you those if you don't have solid guarantees these days. So, it's a vicious circle here too. I don't like the abuse of credit, but leveraging credit to get out of the hamster wheel is a good thing. Having a random idea here, for people that are "content creators" and already resort to "donations" (such as patreon and the like) for part of their income, some similar services but where people would lend money to a content creator instead of simply give it away, to allow them to invest in their activity (equipment, lab space, etc.), with a chance for the contributors to get their money back at some point - either with no interest, or a very small one. Possibly many more people would be willing to contribute this way. Just an idea. I think this kind of stuff already exists, but it seems to be niche at best, maybe would be worth developing it. Crowd loans. |
| EEVblog:
--- Quote from: nctnico on February 08, 2024, 12:25:00 am ---The problem is to get enough financial means to actually buy a property. You are lucky in that respect by having the chance AND insight to buy your own space. Many people are caught up in being so poor that they are not able to spend the money to make their life cheaper. It is a vicious circle. Or better put, like running in a hamster wheel. Moving like grazy but not going anywhere. --- End quote --- Sure, but in both cases here they both said they considered buying a place. For Xyla it seemed to be a matter of the existing house not being within her price range. So presumably she has the capacity to borrow at least reasonably close to the funds. So you have to assume if she just moved somewhere cheaper she could buy a suitable place. I did suggest on her video that she crowd source finding a new place to buy. Publish your requirements and let the community search for you. Most will be losers, but you might find one real gem of a suggestion. Lousi Rossmann did this, and I found a place for him which he did a video tour of it. Wasn't the right one, but he did the hard yards. For Fran's case one of the problems is not only being self employed and getting a loan, but also that the banks would not consider her Patreon as income. So according to the bank she had no income. So if that's the case for Fran, I'm not sure how Xyla is able to do it. Maybe she has a partner with income as well, and maybe the state makes a difference too. Fran is also much older and hasn't had a regular job for a very long time, so that likely factored into the equation. I'm not convinced that Fran exhausted every avenue for buying a place, but we've been through that before. And she has other reason for staying where she is. Fran is unfortunately now stuck with a barely survivable Patreon income, so is very much stuck on the hampster wheel, unless drastic changes are made. Xyla is still young, has or will have a partner, and is presumably free to move if she choses, so she's definitely not on the hampster wheel. But IMO she needs to start thinking long term. In my case, my "insight" was more basic math (but also partly philosophy and long term thinking). At the time it was either pay $195,000 to buy an office, or rent one at $15k/year. The interest rate at the time (IIRC, around 7%, which is higher than now) was still cheaper than renting, or at least on par. So it seemed a no-brainer, but I had no idea that Youtube would be continue to be successful, and that commercial property prices would explode, as there had been no previous history of that happening in Sydney. So it was a gamble, but I knew it had way more potential upside and limited financial downside. And I'm currently thinking even longer term again, and am putting things in place now for that. |
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