– Business Continuity Training Part 3: Planning Process Step 1

00:00:00.000 –>00:00:05.971
Step one: Prepare to Plan Identify the elements you already know. 00:00:05.972 –>00:00:09.949
This includes information about your company: such as organization charts 00:00:09.950 –>00:00:13.954
company confidentiality requirements for the distribution and 00:00:13.955 –>00:00:17.982
handling of your plan; information about teams and team members; 00:00:17.983 –>00:00:23.157
business insurance; vital records; raw materials and supplies lists. 00:00:23.169 –>00:00:25.211
Customers: such as customer lists. 00:00:25.212 –>00:00:29.162
Processes: such as standard operating procedures and business 00:00:29.163 –>00:00:33.156
manufacturing processes and interdependencies, like power, 00:00:33.157 –>00:00:38.216
water, phones, internet, fuel, email and critical software. 00:00:38.217 –>00:00:42.178
Develop detailed lists of your organization’s contact information, 00:00:42.209 –>00:00:46.140
account numbers, and points of contact where applicable. 00:00:46.171 –>00:00:52.082
Include both primary and secondary contacts for home and office: Suppliers, 00:00:52.134 –>00:00:54.942
vendors and customers, Fire, police and ambulance, hospital, and poison control 00:00:54.952 –>00:00:57.310
Utilities and communications service providers, 00:00:57.311 –>00:00:59.986
Manufacturing systems providers (if applicable), 00:00:59.987 –>00:01:03.251
Equipment providers, Software providers 00:01:03.252 –>00:01:05.935
Alternate site and offsite storage locations. 00:01:05.986 –>00:01:09.325
It’s important to have these on hand when a disaster strikes. – Business Continuity Training Part 1: What is Business Continuity Planning?

Part 1: What is business
continuity planning? Continuity planning
means being prepared. Whether it’s a critical security incident or a natural disaster, having a business continuity plan
in place ensures that you’re prepared to react and recover
from a business disruption. We’re supplying components to
the big satellite integrators. And so what they really need from
us is acceptable product on time. Business continuity means taking the
steps we need to for our business so that even if there is some form of a
disruption, we can still meet those customer needs so they can keep
their product lines moving. Iowa State University, Center for Industrial
Research and Service, defines business
continuity planning as “the process of
ensuring that your critical business
functions are prepared to react to and recover
from a business disruption with minimal
amount of impact to your business.” A
Business Continuity Program is a comprehensive,
collaborative approach to protect your business
from threats and vulnerabilities. A robust program
incorporates specific plans that target different
aspects of the continuity process to ensure
your organization can respond to and recover
from all hazards. These plans fit together
like building blocks that support your organization in
every phase of a disaster. This proactive approach builds
resilience and helps to shield your organization from
the impacts of disaster. The Business Continuity
Plan is the foundation of a solid Business
Continuity Program. At the end of this presentation,
you will be given the tools to develop a basic Business Continuity
Plan for your organization. The Disaster Recovery Plan is
specifically created for handling IT disruptions and is an important component
of your Business Continuity Plan. Because of its importance, it’s
sometimes developed as a separate plan. It describes the strategy and procedures
for recovering vital information systems, records,
and data should a disaster substantially
disrupt operations. A separate tool for creating
a Disaster Recovery Plan will also be available to you
following this training.

Improving the Business Case for Facilities Renewal

Unlike many of the other facilities condition assessments, the Sightlines assessment provided a very valuable business case rather than an engineering case for upgrading and renewal of our facilities. Facilities Assessment and Planning is our deep dive approach into understanding the condition of your campus. It really takes a traditional facility condition assessment approach but takes it much beyond that initial phase. We’re harnessing the latent knowledge of facilities leadership to help influence that detailed assessment. Then we’re able to take that information and communicate a strategic plan grounded in a portfolio management concept to help leaders make decisions around how they want to invest and to help reduced their risk and manage the deferred maintenance over a 10-year period. Traditional facility condition assessments often create a huge number of needs that need to be addressed without really a strategy around it. And what is often the case is that by throwing this big number out there, you actually freeze people into inaction. We do need to understand the total need, but we also need to create strategic tools for narrowing that need down into what has to be acted on immediately to maintain campus reliability, keeping the building’s functioning and identifying opportunities to align your investments with your institutional strategic priorities. And in doing that, you’re really working to get buy-in from others within the institution, not just from facilities. Sightlines has introduced a new vocabulary at Amherst College around facilities and facilities investment. Facilities had been seen as purely a cost in the past, but we’ve been able to change the language and to frame it around a facilities portfolio and a facilities endowment. When looked at in that light, it has really helped our trustees and key decision-makers understand the value of investment in facilities to preserve the net asset value. What sets Sightlines condition assessment apart is that we’re creating the detail that facilities needs to be able to execute on a plan and including the strategic mission of the university and the board of directors to buy into where funding is going and where we’re gonna have an impact. We’re going away from the traditional, technically-focused facilities conditions assessment to something that’s more valid to the trustees and to those in higher administrations, which makes more of a business sense. Let’s talk more about how you can improve your business case for facilities investments.

What is Microsoft Planner?

Coming up, today were going to take a
deeper look at Microsoft Planner a new experience in Office 365 to organize work, manage and assign
tasks and collaborate within your teams. We’re going to go hands-on
and show you how to use Planner including integrated experiences across Office 365. And we’ll take a look at what’s
in store in the coming months. Microsoft Mechanics I’m joined today by Sajan
from the Office 365 team, welcome. Sajan, Planner is the newest addition to Office 365 but what can people expect from this experience? Thank You, Jeremy. Planner offers you a simple
and visual way to organize teamwork. There are different ways
we all get work done. And they’re like, until recently we have solutions on the two apposing ends of the spectrum. On one hand we have individual work. And we have tools like Wunderlist
that you can use to manage your task list. And, on the other hand we have project and portfolio management solution like a product is called project online that you can use to manage
projects that require scheduling, priortization, resource management, timesheet, and even integration with line of business system. Ok. And now Planner is something that we
always felt there was a gap in the middle. And that’s where Planner fits in. So you can use it to work with your ad hoc team. Or let’s say you work in IT. You can use it to manage events, user training I like that folks in different parts of the company can use it for a variety of projects. Right, so this is really how work gets done, but can you give us a look and show so that looks like? Sure, so first of all once you come to Office 365 you can go to the app launcher. And you can see the Planner icon here. You click on that. And we’ll launch right into the
planner experience. What I’m going to do generally right now first let me start and show you
how you can create a new plan. So I’m going to click on New Plan. And let’s say you we work in IT. And we are in the process
of rolling out Office 365 to one of the branch offices. so i’m going to create a plan called Office 365 rollout. In this case, I want to make sure
that only folks in my team can see this. Ok. You can add a description and then
you can click on create plan. So now my plan is created and first of all you can see that we are in
this what we call as a Board view. And here you can start by creating different buckets. And the buckets are the groupings of tasks, right? Yes exactly. So let’s say in this case we want to have a set of task which are related to communications. So we can create that. Second, you can think if
we have to find some champions. Are early adopters? Exactly. So which can help you to drive success. Third, it will also have a set of tasks
related to governance of the rollout. Right so we can report against how we’re doing. Exactly. Ok I can also go ahead and create some To do’s. Like in this case, actually I’ll just first
create a task called Assign Licenses. And I can add the task. You can click on that and
you can go into more details for the task. Ok. To start, you can have a start date and due date. Let’s say we want this thing
to be done by June 24th. Okay. I can assign this task to somebody. In this case, I’m going to pick you Jeremy. Let me look for you. And here you are. So now I picked you as a person who will work on this. You can enter a description. So I’ll say assign licenses to all users. Okay. If you have a document, you can attach that. You can also put a link. What I really like here is that not only can you create a task. You can also create a checklist. We say give this task to you
and you take on some sub tasks that should be part of this. You can capture those here in the checklist. You can say that Validate user as a permanent employee. I’m just making up a list. Or you can go on and you can create more. We can also enter a comment. This is a very social experience. And with that you can assign a task
and you can get started. Ok so if we switch over to my pc
then I should have this task and I can see that my tasks have gone
from 11 previously to 12. So if I look at mine I can see that my assign licenses, there we are at the bottom. We have all the information that
you just added in there Sajan, yep. I’m going to add some more
items because I know I need to download the PowerShell module because I’m going to script
all of my license assignments. And we’ll also figure out which
users we want to actually assign. So, select users we’ll say. And then after that I can say well I’ve validated
who’s a permanent employee for example and i’ve already downloaded my PowerShell module. So I’ve already gotten started. The nice thing is once I’ve made
those two different changes to my checklist I can actually move that into In
Progress just by a simple drag-and-drop. And if I scroll back up to the top of the page now it’s in my in-progress tasks
that I’ve got here in my all task list This is really across all of my plans that I’m working on. Exactly. So what else can we do now? Once you’ve got a simple project created let’s move on to a larger project that already
has been populated and is kind of midstream. to share really the the power
that we can do with Planner. Sure, for that Jeremy I’m going
to take you to the Planner Hub. So once you come to Planner Hub you can see all the plans that you’re part of. Now, let’s say here were going to talk about
and dive deep into Tech Summit. I’ll click here first where I marked some as a favorite. So next time when I come here
I can see all my favorite plans. Ok. Now here you can see color wise, like yellow
means these tasks have not be started. Red is late. Blue is in progress and
green is completed. So let’s click on this and we can dive in
and see what’s going on with this plan. So once you come in you’ll
always start with the Board view. And first thing is that if I scroll to the right you can see that there are three different ways
that you can organize all the tasks that you have. The bucket is one view that we have that you already talked about. Now, next we can go and click on Assign to. And very quickly you can say that
the whole experience got rearranged in terms of the different folks that are on the team. You can easily go and see who’s working on what. What tasks they are on and what type of documents they’re working on, you can see that. The third thing you have it here is
you can go ahead and click on Progress. Now you essentially get to see your task as not started, in progress, and completed. Now Jeremy, last week I had a chance
to speak with our friend Garth and he’s on vacation now. And I know that he’s already done with this task So I can go ahead here and mark that as completed. That’s how as a team we can all stay up to date and we know what’s going on. So it’s not statically assigned to just
the person the task was assigned to? That way we can very fluidly
be able to do things like this. Exactly. Everything is very transparent
and the whole team can collaborate on that. Now let’s say in this case I want to see what is the status of everything in a report. You click on charts. You will see an experience and
you will see all the tasks that are there. And right in the middle you can see that all the tasks that are either a work in progress
or they are not completed yet. I see here, Ann has a red mark here because this task is running late. I can click on this and you’ll notice that on the right side the whole list got filtered. So I’m looking at Ann’s ask now
and I know this task is running late. So that’s how we can go and track them. Now the other thing is that Planner is
built on top of Office 365 groups. It integrates out of the box with other
capabilities we have with 365. You can see here we have a Notebook. We have other features such as conversations, calendar, and a whole lot of other features. That’s how you get the best of the whole
365 that comes with Planner. And now if I were to click on conversations you’ll come and you’ll see
your conversations experience. Like here, I’m seeing my plan Tech Summit. You can go ahead and you can respond. You can like something like this comment I wrote I can like and those are the type of
experience we can have. If I click here, you can see
we have a good dialogue going on. I asked you to send me template and I still didn’t get a template. I’m going to tell you that, ok please send it soon so that I can get our work done. And that’s how we can sort of collaborate on this. Right, so if we moved back to my machine
then we’ll be able to see the comment stream that we have on that particular task. I’m just going to go back into my Planner Hub. I’ll be able to see all the things
I’ve pinned to the top as favorites and there we see the Tech Summit. And if i go into that task that you have in this case it was the building the reports for the for the governance side of that specific event. And then scroll down, we’ll be able to see the Please send it soon task that you just sent to me. So very tight grade integration
across Office 365 groups. If you want more information on groups,
of course we covered that on an earlier show with
Christophe a few weeks back. Now beyond all of this stuff, it’s really
great to see this from a planning and a team workforce management perspective. But, what’s coming to planner in the upcoming months? There’s a lot going on our end. So I’ll talk about the key things that we’re working on. First, we’re working on external users access so that you can collaborate the task with folks who don’t work for your company, that’s one. Second thing is that, one of the request
we have from many users is that The ability to assign a task to
multiple users, that’s second. And third, we are working on a Windows universal app as well as native apps for iOS and Android. So those are some of the top things
that we’re working. Really great and really looking forward
to seeing those changes. So if I’m new to Planner, where do I get started? I think it’s very simple because,
we’re in the process of rolling it out I would say go and login to Office 365 and go to the app launcher. If it has been provisioned you should be
able to see Planner right there. And then you can give it a try and let us know
if you have any feedback on that. Be sure to keep giving us your feedback
because we’ve set up a user voice specifically for that as we’re just rolling out planner now and don’t forget to keep checking back to Microsoft Mechanics for the latest tech updates. That’s all the time we have for today’s show. Thanks for watching and goodbye for now. Microsoft Mechanics

How to Buy a Car in an LLC

Can you use your car
as a business expense? That’s today’s show. Let’s dive into it. Hey everyone, I’m
Clayton Morris. I’m Natalie Morris. And welcome to the Investing
in Real Estate show. This is the show where
we try to help you build financial intelligence. We use buy and hold real
estate as our vehicle to passive income and
monthly cash flow. But there’s so many different
ways to build cash flow. There’s so many different ways
to lower your taxable base, I guess you could say. And we talk about all of
those different strategies here on the show. And one thing that we
talk about regularly is setting up a business,
right, setting up your LLC, becoming smarter by
incorporating your family. And then there’s so many
expenses as it relates to that. So I want to read a
question, because we got one from a viewer. Jeff Shelton wrote us. He said, “Hi, Clayton. I’d like to submit a
request for your podcast to cover the issue
of a company car and if it’s beneficial
to have a lease or purchase, to pay
monthly or pay it off, and how to write off the
expense for such a car.” Jeff, great question. I’m going to hand
it over to Natalie. And going to go take
a cigarette break. No, you’re not. OK. You’re going to stay right here. OK, so the reason that he says
he’s going to hand it over to Natalie is because I’m the
one who tries to figure out, in our life, can we
legitimately funnel this expense through our business? Now why do we want to do that? Let’s back up just
a tiny, tiny bit. Now obviously, if you own an
LLC inside of your family, right– there’s some kind of
business that operates out of your family– whether you
sell masquerade masks on Etsy, or you own real
estate, right, there is a spectrum of
what you could be doing to make money
inside of your house as a legitimate business. And then what we
do in our house is try to make sure that
what we need in our lives, we can legitimately pay out
of the business expense. So we like to have cell phones. We pay that as a
business expense. That means that
that expense is paid for with pre-tax dollars instead
of post-tax dollars, right? Right. So we do that as much
as we possibly can. We have entire episodes on that. Hopefully this is an
agreed upon value. So now we can talk
about that’s obviously why you want to have a car
as a business expense, right? Right, and I get excited
about this stuff. And by the way, I don’t smoke. But I might start,
because it’s tax time. And you get a little
stressed during that time. But I get excited about these
different expenses that we can write off, whether it’s
your printer in your office, or the computer that you’re
buying for your business, or it’s things that you
might not even think about. Maybe it’s your internet access,
or your newspaper subscription. Right. Because maybe you’re
a blogger, and you write about current
events like we do. We talk about, hey, Amazon
just built this plant, and it’s going to
affect real estate. So if you have a Wall
Street Journal subscription, those things are a
write-off for your business. Because as an
individual, right, if I get paid as Natalie
Morris the lady, and I report those dollars on
my own personal social security number, then I’m going to
get taxed on the total amount of what I’ve been paid. So I make $1,000, I
get taxed on $1,000. But Natalie Morris the LLC,
if that company makes $1,000 but I had $500 in
expenses, well, now I’m only taxed on $500. The expenses lower
your tax rate, right? So you want to make sure those
expenses– you don’t just buy things to lower your tax rate. That is not the way you do it. That frustrates accountants. Like, you get people calling
up, can I buy a computer at the end of the year? Can I do all this stuff? No, no, no, no. But instead, you buy things
that you would want anyway with pre-tax dollars, right? So another– so here’s a funny
little personal share is that I like to have my hair blown out– Yes, she does. –pretty regularly, because
I don’t like to do it myself, and because it’s amazing. I have to hear about her
hair on a regular basis. Yes. She’s like, oh, my hair today– And so obviously, we make
money by podcasting to you. That’s one of our
revenue streams. So before we do these shows,
I go and get a blowout. Now those blowouts last
me several days, right? But I do do it for the show. That is a pre-tax expense. It is allowed. I don’t even know how
that’s possible, number one, that your– a hair
cut or blowout could last multiple days. Because I never wash my hair. So when I wake up
in the morning, my hair looks like a rat’s nest. So if I got it done the day
before, I would wake up, it would be an absolute mess. I’d have to shower and
get it taken care of. We’re totally
off-topic of a car. OK, the point is that my
hair looks nice like this– The bottom line– –because I used
pre-tax dollars. Right, the bottom line
is you can get things that are for your business. If you have to do a photo
shoot for your website, you go and get your hair cut– Right. –those things can be
legitimate business expenses. So begin to brainstorm and
think about those things. So Jeff was brainstorming
about purchasing an automobile. And perhaps if he’s a
real estate investor, or if he owns an LLC, how can he
benefit from purchasing a car? OK, so Jeff is trying to
decide, can my LLC own it, or can I own it, right? Is that the main question? That’s the main part
of the question. Or is talking about
lease versus purchase? Well, both. Where should we go first? OK, well, talk about
the purchase part. So should he, the person,
be the owner of this car, or the LLC be the
owner of this car? OK, your business can buy a car. But you have to prove
that you legitimately need it for business expenses. Now me, what I use my car for– I have a big old family
sedan with three rows, right? And I just do carpool. I go, and I pick up
my kids from school, and I take them to golf lessons,
and that’s about it, right? I don’t run around actually
looking at our properties. So few of our properties are
in the state we live in anyway. I don’t know, I sometimes
go meet with bankers, right? But it would be
really hard to prove that I needed this car
for our business, right? You, on the other hand, you
do go look at our properties. You do go meet with investors
that you don’t otherwise need a car, right? You can’t say, I need a car
to drive to my business, like you have an
office in your town. Because the IRS doesn’t
let you have a car or write off mileage just
for commuting to the office. To the office, OK. That doesn’t count. It has to be trips
that you go on. So if you can
legitimately make the case that you need this
car for your business, you can then buy a car
with your business. Perfect example– Joe
the architect, right, our friend the architect– Yes. –great architect
in Pennsylvania. We met with him this week. And of course, he has to
go around and visit clients all the time. He’s going to sites. We were walking
through the woods, looking at stakes in
the ground, and where this build-out is going to take
place, and all of these things. He’s driving to that location. Right. So that’s a legitimate
business expense. He’s using that car to go
out and scout locations for his architectural business,
meet with clients on their job sites. And therefore, that’s
an easy write-off. Yes, you cannot really write off
a car in this same way if you lease it out, like an Uber
car or a utility vehicle, like a steamroller or
something like that. Those things have
their own rules, right? I mean, you could buy a car to
start an Uber-type business. That’s very different. So you’re saying if I leased a
steamroller for my business– There’s a completely
different set of depreciation rules for that. There’s different– so
we’re talking about car you drive to work. Now there are some tax rules
around luxury vehicle versus, I guess, non-luxury vehicle. Right, regular car. Regular car. Well, in the new
law, full-size trucks are now given an
extra advantage. You can write off 100% of that. I mean, your father, who runs
a large landscaping company, the benefit to him
in this new tax law is phenomenal,
because he’s buying a lot of these big trucks. Now your LLC can go to
the bank and, if it’s an established business, perhaps
either get a loan for that car or buy it outright if
you have enough cash. You also can take your existing
car and gift it to your LLC if you want. That is a capital contribution. And you’ll want to
talk to your accountant about how that works. You don’t really get
reimbursed for it so much. You just say, now the
car is owned by the LLC. But then all of your expenses,
all of your maintenance, your tires, some of
your gas purchases, go on the company credit card,
or the company bottom line, right? You’re paying these things,
again, with pre-tax dollars. So how does mileage
go into this? So mileage is separate than
actually owning a car, right? So you can get the
reimbursement whether or not you have it in an LLC or not. Well, we’re talking about
things you write off now, right? So if you own the
car in your LLC, yes, you are going to write
off the mileage, right? And you’re going to
depreciate the vehicle. Your accountant should be
able to help you do that. You’re going to write off
those expenses, right? So you can just decide
either, I write off mileage– you get a specific– I think, right now, it’s
around $0.54 cents per mile if you’d like to
do it that way– or you can just write
off actual costs like gas bills, tires,
tune-ups, that kind of thing, oil changes. And I know what your– like
for instance, your father, in his company, with these
large, earth-moving vehicles, he made the point that these
things retain their value. So if he’s purchasing
one for, whatever it is, a million dollars, that
the depreciation actually allows him to, when he decides
to sell it 10 years from now, get the full value back,
plus the depreciation from the government. So again, the
government– the tax code is written to incentivize
entrepreneurship and business owners. And so if it’s an
incentive for him to go out and buy a large
thing from Caterpillar Company, right, that helps Caterpillar. It helps the jobs. It helps his company. And then he’s also able to
write off that depreciation. And then it still
retains its value. Right. Now if your employer
owns the car and you use it for company
trips or work trips– again, not commuting
to the office. That doesn’t count. Everyone has to get to work. That’s just– none of us get any
kind of perks for that, right? Yeah, we don’t get a Star Trek
teleporter to get to work. So it’s like you go on
some kind of outing. My first job was as a reporter. And so I would write
down the mileage that I went out on stories
and then send that in. And I would get
a specific amount back on my paycheck every week
when I reported my mileage. So you could do actual costs,
or you can estimate mileage and take so much per mileage. Again, that’s up to you. And you need to work with your
accountant to figure out– usually it’s nominal. You just choose
one or the other. So– All right. –that’s that. So is there any more to this
saga about getting a car? Again, you want to
make sure you’re taking full advantage of depreciation. You want to make
sure that you’re doing the right way of
minimizing– or writing off your expenses, right? And then you want to
make sure that you’ve got really good proof. Because if the IRS came to me
and said, hey lady, all you do is pick up your
kids from school. Why are you writing
off this car? You’d be in some
deep doo-doo, right? So you need to be
able to prove– like with Clayton, again, you
could look at your schedule and say, oh, he does meet
with investors at coffee shops all the time. He does look at
these properties. He otherwise doesn’t need a car. He doesn’t drive to
an office, right? That’s not a part
of your commute. In which case, the
IRS would understand. Right. So make sure you have a
good accounting of it. Because that’s some– one way
the IRS is cracking down– as you’ve listened to Tom
Wheelwright, our accountant, talk about it– have a good record of it. And a little dongle
called automatic, it can plug right into
your car’s dashboard in the diagnostic
port if you go to– I think it’s And it actually will track
your mileage for you. You can tag it in an app with
your smartphone to let it know, hey, this is a business
trip, or this is personal. And then you can actually add
it right to a Google spreadsheet automatically. It does it. So you can track all of that for
free using that little like $25 dongle. There’s little
automated ways to make your life a little bit easier
if you’re an entrepreneur. So– I also keep spreadsheets
for our vehicles. Maybe there’s an app to do this,
but I’ve just always done it. Because when I sell
the car, I want to give the new
owner– instead of just a file of a bunch of stuff, I
give them an Excel spreadsheet. And I just say, here’s the date. And I just have it
organized by date, mileage, and then what was done to it,
whether it got a new tire, or whether it got a 30,000-mile
service, what was there. So I can give them
those receipts. But they don’t want that, right? So keep good
records of your car. And then you won’t have
to do so much digging. It’s just a matter of keeping
a lot of good records. Because OK, here’s a
fun little factoid. People who do business– It’s fun fact time. People who do business
in their own names are much more likely to
get audited than people who do business in an LLC. So you’re doing all of this
in the event of an audit. If you have an LLC and
you’re doing it right, the government thinks,
well, this person’s at least got this far. Probably they’re not doing
some shady stuff, right? So you’re only preparing
for the worst really. I think that tells
you a lot, right? If the IRS thinks that, hey,
if you’re doing business, and you’re just doing
business in your own name– like you’re the
plumber, and I’m writing you a check to Joe
Smith, and that’s it, not Joe Smith LLC,
then the IRS probably thinks, hmm, probably not the
savviest bookkeeping going on at this person’s house. Right. That’s a pretty
interesting insight into the way the
IRS views people that don’t know that they
need to incorporate in order to protect themselves
and do things properly. So there you go, Jeff. I hope that answers your
question about purchasing a car in an LLC. I’d love to hear your
comments in the thread below. Let us know your thoughts. And you can always weigh in
and send us show suggestions if you would like. Thank you so much
for subscribing. Now go out there, take action,
and become an investor, real estate investor. We believe it’s the number
one way to build wealth. We’ll see you next
time, everyone.

WRSR – How the Vehicle Manufacturing Works

hello comrades its premier River and I am back at the river stand Motor Speedway it's not a voter Speedway it's a motor producing speed test way how's that sound in any event I have set up a little bit of an experiment here you know I've been playing the game quite a bit have a lot of hours into it and I've never done the automotive so I had set up in my regular series a bit of a test or you know set up a manufacturing and got different comments one was that I didn't that you have to put materials in in specific places so I'm not sure if that's true or not but this is our motor vehicle production and I just sort of stuck things wherever I thought they'd fit with no intention because another comment I got was well you don't have to worry about where you stick things in they'll just go in so we're gonna find that out first I think what I've done let me go through the whole setup here here we first before we go through the whole setup let's go over you have to purchase cars now I'm on easy mode like super unlimited money sandbox mode I think that'll be good enough this isn't about making money this is just about learning how the car manufacturing goes so apparently we can you know we can manufacture any of these vehicles personal car though let's pick a cool-looking one how about this one 38,000 all right so I assume that means we can then start producing that right there we go in vehicle in production how can we do more than one let's pick a red f1 25 right let's just say can we now it sounds like we can only do one at a time which is fine let's do the black one first then one more question answered right so you can gather that you know I don't know all the answers I you know obviously very familiar with how things generally work so I can make a lot of good assumptions but you know where assumptions tend to get you so here's the setup we have this town and I have two trains going back and forth and I should have it there's 400 workers maximum oh we need engineers hmm well the good news is you know we can we can't really get rid of people – well we should have a few engineers anyway let's see how that goes i didn't even I'm assuming they need to be the educated folks and we should have educated folks throughout the thing here now I do have yeah you know what there's nobody in here you know let's get let's get one house that's they're all set to go there but let's get one of these houses where we let's clear this house out and we'll get one house with just all nothing but educated kind of people in there not this one this one all right just to make sure we have enough of that we should have enough we got eight eight houses total which would be 1600 which even if we have three shifts at 400 that should be enough all right so those guys will leave eventually because they won't get too happy these guys should have everything they need here all but this house I left not specified so that they can go work here all of the buildings should be purchasing what they need so people should stay happy and I also over here just to kind of simulate bringing things in and out just to kind of get some idea of you know is this number of trucks you know how many trucks do you need coming in and out of here to keep up probably more than this but I'm okay with that – right this is not some maximum efficiency test you can obviously make some you know judgment calls now I also did this because I want to see if if they'll flow through here right like if we fill this one up with cars will it come up to this one in this one that makes sense now we can also just go right in there and get cars and then I have this whole other town where I've set it up where they have a few parking lots the different sized parking lots right these people have no way of getting there unless they get cars and then if we look at at least this slot anyway so they can make it over there can they make it over there from like the little lot they might not be able to about this one yes so see I'm curious to see if these people start just going over there right it eventually will get them some cars now another thing is I'm curious to see if we can use the road depot to get cars to here I'm out you know this is the regular car overflow lot or do we just drive the cars and put them in the car dealership right and again it's I like to use these because if you have multiple trucks you don't fill up your waiting spaces so we'll see we'll see so let's start playing time and see what happens well at least get the thing running right now we don't have any people now another thing I want to point out was that it's a little bit deceiving when you go to buy the train sets right so I was wrong earlier believe it or not I know it's hard to believe for the people that follow my series that I might have been wrong but when you buy the train set let's go over to the depot and come over here to purchase right and we'll come to trainset look how it says like it points at this right this is ones we bought it says 105 however when I actually bought the train said and there was two of them there right like so I bought two of them and then stuck them back to back in here like this there we go see like it doesn't look like you can do that but then you can go and like stick them together and they act like one train if you didn't know that but it's actually you know this guy will hold just as many so this is definitely cheaper so I'm sorry about that if I misled anyone this each one of these cars holds 105 which i think is a little deceiving the way they did it but in any event we have a train set there are we getting a few people in here no why are we not getting any workers definitely get in and out load and unload we don't need students right we have people on the platform number of workers waiting let's specify that they should go 200 okay sup sup sup yeah there's always something when you put this together why don't we attach this with an actual fancy Road some of that by the way I crashed a lot of times a lot of times trying to do this especially when I was putting down these tracks so and I know I'd already built this at one point so is it because because they have no place to go specify where citizens think is best well this would be we do that right so we can't even get the basics right well we've got a lot of people over there waiting don't take any students there we go so that was it you need to actually be good it's good that they're smart enough to know that they couldn't get out the other end right now how are we doing on supplies here now we have a supply issue where you go it you have eight tons of that okay well we should have the stuff you know at least marginally attached here right though I don't see it in there which is kind of a thing with this game in these these warehouses so there we go look oh man look at all those people that's a lot of people alright we've got a lot of engineers current production yet we are making a car so let's make sure yeah I don't think we're gonna keep up with our we're operating with that issue but I don't think we're gonna keep up necessarily with our with these few trucks but that's okay that's all part of the test right and we can always double the trucks up while we're sitting here running around looking at it all right so we're with our trucks our cars will come out here right I would assume least I hope they go out to there now if they don't they're gonna come into here now does it say you have finished vehicles there we go we've made a car and it didn't automatically go into here yeah I don't really oh there it is okay there's our car all right well now let's see I want to just see if we come over to our Road Depot and I'm assuming we would need an open halt right so let's go ahead and get an open halt and I want to say go to here and pick up vehicles we don't have a road cargo station attack directly to this but that's okay so then let's to go ahead and test this right so I don't want you to load anything I just want you to load cars then we will keep an eye on this guy yeah there he goes so this I expect this test to take a little while I don't know you know we're already 10 minutes into the video I don't know how long exactly it will take and we have four spots here so I don't know that we need this but I'm curious for like we'll let this guy overflow now how much does each one of these weigh I want you to wait yep good suck them right out of there so the good news is I'm sure we can get him out of here too but yeah so how many I guess he could just keep loading them up right it doesn't look like he could carry any more let's just see what happens with that as we produce more cars right we're still operating with that issue so you know we're doing pretty well with just these few few trucks doing their thing now they might have had a little bit of a head start so I don't want to get too excited at this moment about why don't we just for the sake switch him to go into here just so they don't call the traffic jam in the long run okay here he goes where is he going oh that's right he's got to go this way you know what we could probably use let's I love having all the money in the world it's it's pretty nice yeah let's let's auto-transfuse so you know that's not part of the problem good so we're producing cars now let's see can we actually dropped them off over here very curious to see if this works that way he's headin in there but they do head there for yes good road cargo station works now look their groups a couple people are they buying cars now I'm curious to see if they'll buy cars and then go to work yep there they go I think okay there he goes she's gonna go to park at his parking lot yeah you know I don't know where they live so we're gonna take a little time here okay now this is our truck now I just want to see let's switch where this guy goes that's a I want you to drop off here and just make sure though I'm reasonably certain this this is gonna work all right so go get some more cars and then bring them back and drop them off in here so how many cars we made in the mean time three right yep yeah so this going pretty well kind of as expected at this point you know as far as you mean I don't see where any particular thing would have to go in any particular place right so now another thing that I want to try to do here next will be I know we can attach this directly to there right well but we can't like you can't get this doesn't have any railroad connection this space for vehicles which would be nice if they did and there's no rail connection to here so after we kind of prove that this will fill the dealer up with cars I want to then come over here and send him to go to here to see to see if he'll the train will then start loading up cars right so it's a little bit backwards there unload load but you know he is wait yeah so well then we'll see if he waits for that now we're getting a little behind on cars which is good what are you doing tell me there's no power it seems like the story of my life all right let's uh I got I got all kinds of look it's right over there you know all right let's uh come here that's gonna be a little bit awkwardly close to that other thing let's just come out here they're good it's not not at a bad angle right yep you have power so you should have power so you're gonna fill back up very good and then yours on his way did you actually get fuel yes good yeah we're making cars in a pretty good clip actually like as far as I mean we're 300 people right you're not gonna I mean you could do better but you you're hard pressed to a whole lot better than this little setup would right I mean we're definitely true you know coming close I would hope to maxing out the number of people you could you could produce or get cars to go so why don't we get another open halt since we do have some extra get another open halt close that but that's okay we click here so I want you to you know what can you come from here and then just to see if that loading through there would work right so in other words he's gonna try to pick up from this furthest one and I want to make sure that he actually can you know wait wait for your vehicles now how are we doing as far as like look yeah look they're driving over there up there they are yet they're going over to work in the UH in the factory yep there he goes it's not the most efficient way of moving people around but you know it is a way of moving people around and it's certainly good for things like if you have a concrete plant or something that's just really little right so how are we doing yeah this is what I was afraid of yeah so it won't load through those I'm okay with that I kind of didn't think it would right because in other situations I've had the same problem all right so let's let's add a new you see quite as well come to here you know what now you know I could go to here week that cars right now where you're going back okay that's right he keeps faking me out cuz I'm thinking he's going this way but the road yeah okay these people came back from we just have more people who bought cars I see so did we miss a trip and this is actually working just like I expected it probably would let's let's switch over to some red cars now here's a question do we lose all that progress yes so you might want to finish a car now I don't know if you lose the materials or not but you might want to finish a car out before you before you click that button yeah so we should see these guys come right on into there yep yeah so it just takes it a second but they do get sucked into there now the our people are off driving their cars and there's our shiny new red car nice now the other thing that's pretty interesting about this then I didn't really everybody keeps talking about oh you can get cars cars cars cars I think it's pretty cool that we can get other stuff cuz you know my map some of this other you know in the regular series this stuff is expensive as all get out to buy a new dumper right let's see can we get the license for a KMZ dumper and then what happens with that do we just I guess we could just select it and send it over to a Depot or there you go we're loading up more cars now does the train have some cars on it yet yes there they are it's hard to see we should have done the red cars but if you guys can see but we have black cars on the train and so the trains first thing is going to be let's see which what are you building is without power supply saying story of my life yes we're gonna try to see if we can't unload at a train station right into a car dealership but we need to get some power I think so let's yeah that should cover everybody on this side who's not already covered and where is well it's just it's all free ish those are no that's not you come you know like that come over to here good so we got ahead of that one a little bit all right so now yeah we definitely have plenty of buyers and sellers but we don't have any so I'm also trying to get an idea with all of this like you know the speed with which things happen as far as the loading so how full are we doesn't really tell you a percentage does it so I guess it uh it looks like each one can hold four which is pretty each one of that that one holds three yeah and then in a second here I want to just send them what I make do is just run it for a little while and look at that very nice we can give you a footpath hopefully we don't crash the game right let's give you guys some back door foot pads right so they can get around to their parking spots a little bit easier probably could close one of the eight windows there you got a little faster way to the catch there that's right we got flip pass throughout although they don't really like when they built when you build the fancy roads they don't really need too many extra footpaths that time we got four cards on there okay yep this guy's going over here to pick up the cars still have good workers so you know eight houses here yeah like CA we're getting all the way up almost a four hundred I don't see how we're gonna do too much better than that how are we doing running out of materials yet these guys aren't waiting so you definitely we're producing I like all right so let's take we're quite confident that this is working either every which way right let me that guy's already dope let's come over here and I just want to take all of them to this stop right and that is this yes yeah so now we'll just take all the all the cars over and then that way we'll fill this train up and we can see if that goes now of course if you guys have any other questions let me know but I mean I think we're simulating pretty well how the cars will work and like I said what I may do is just let it play for a while and just you know show you guys when it fills all up with cars and what the people are doing with them and just in case you haven't experimented like myself yeah well we already know this works right yeah because we've already done this and there's no way to I think I meant to I don't know I guess if this didn't work I could do this just to get some cars over here like there's no other way to get cars to these people but they already had the Train so this was sort of a whole secondary thing until I thought about yeah let's just see you know kind of two separate ways of getting you know vehicles to the two different place like here we're supplying them by truck and then here will supply them by train so the only real negative thing is that there's no way to directly get cars from the factory right onto the train you have to truck them over to here see how many do we have I might be able to hold more we're gonna find out right I think this does it tell me now it shows me how many there's we got 15 so far it comes another truck load yeah so this is definitely the way to move them I'm still not full parent cargo value only 30 what did these cars worth doesn't really say what they're worth click on here does it this is not the purchasing price and we could sort of questioning that that price right let's go to cars like in other words doesn't it seem like it should be more than 30 mm well these guys are only worth 1,400 that's what it is and I'm gonna beat this one yeah mm okay that's about right especially considering a lot of them are now the red ones nice people going to work already now I guess we should have the sky yeah you know what wait to unload just in case I'm I will just set them on cars nothing matters wait to load wait to unload moving yet now you hold quite a few cars now there's five on each so for this one these guys are both getting back at the same time you snot set the way head back there a sense of you being empty well you get another car on is that why you're waiting so it looks like now okay he just decided to wait a little extra while I guess so if he did the visuals at all accurate we should load one more car so I guess we should have this guy wait – for what the Train is gone now they just keep getting smaller like keep shoving them on and keep getting smaller which is okay with me I mean I'd rather them rather and get more but see what I mean like this this looks like it's full with five cars but then if we come up here we got six cars on this one yeah it does this thing again to look like I bet you the next one goes to dislike it prefers one over the other for some reason I don't know it didn't that time well maybe it did maybe it didn't yeah these guys sit there for a little while I'm not sure why see I don't think he should like he's not gonna get another car but he's just sitting there and now this guy's getting cars here let's do we can do fast forward I think double you know yeah yeah why is he still sitting there it's almost like there there he goes no idea why he waited that long there he goes big to do because our train let's come back up to this train station so this is quite a few cars and how many can the car dealership hold so if you're gonna do this oh you can okay nice so there's plenty of cars in storage so you don't have to worry you know one of the things you could do is put like an extra car storage there but I'm not sure if that's necessary you probably better I'm just building it's like some kind of Depot someplace else where you you know where you load up cars from like one of these like you know see there they're putting them in there and it's kind of a buffer right here so I would say I would just make a bigger buffer storage someplace else and then have a train going around yes we have a lot of cars coming in here now look at I'm moving out so I'm like hotcakes there you go so that answers that question yeah we can drop right off from there yeah that's really I think almost all the questions I had I think like I said now at this point if you guys have any more questions or things you think I didn't test I mean I know there's like you know a bunch of possibilities for what we could do here but you know I don't I don't I didn't attach anywhere in particular I just touched or whatever everything seems to be work and this is a waste saying with this don't do that but other than that you know I think everything else is working working just fine so let me uh we just let it play forward a bit you know and we'll just see what it looks like you know in in some fairly short period of time see if I have any other issues when I'm off camera for a minute here there you go that's how you want to set up your set up your car manufacturing it kind of any you know if you're familiar with the game I wouldn't sweat it right everything should kind of work like everything else kind of works there's no gotchas for me anyway right like you know being having built enough different little factory setups I'm quite satisfied with the way this is alright let me pause the video and I'll come back to say goodbye when we're all jammed up with cars how's that saying see you guys in a minute hey guys at that time play forward and then it started to get a little bit jammed up with cars mostly over here and the reason is is because I didn't have these things selected so if you just by default is just university-educated right so there's only so many and then you get this message no no no this is no free parking places but you know you can prefer university education prefer younger only under 30 under Lander 40 any so you can you know mess with how many people have cars which is good idea though the other thing is no free parking places not sure a hundred percent what the issue is with going a little bit higher I imagine it's that if this is 75 percent full I'm wondering if it's not counting like these cars right so in other words you may end up with too many cars in the lot if they half of them are going to work or however many are going to work I would think you should be able to get away with like 2/3 right like for the different shifts now this guy I'm gonna send the police over here we actually don't have police but if we did cuz I think he got drunk and just that might be a girl left her car in the middle of the lot they are for some pretty soon so yeah I mean I'm not gonna even try to say that name but in any event yeah I think she's in trouble we need to go check her out for DUI but other than that going pretty well I did put another truck on the route over to here but yeah I mean it it's it's working pretty well now the only other thing to other things to say one is let's let's switch over to make dumpers and I definitely think I have a lot of overkill on the supply and I'm thinking of even redoing my design because of this like maybe when you get into doing other vehicles but you know we just have a lot of we're way which is four trucks were easily you know supplying everything we need to these this factory the steel is building up I mean it's still going back and forth but it's such a big steel yard right just gonna take him a while two feet up so we really don't need like trains going in-between and my other series like you know you really don't need a ton of supply for one of these but if you had you know trains coming into here offloading your steel and other other parts that's probably a good idea keep it local right but that's just that's up to you you could probably even get away with supplying them from afar with trucks you just you know be a little less fuel efficient so they're not sucking down some massive amount of steel even with a good you know look we're up 375 at 85 we have plenty of people working now I just want to like let that want the dumper go and then we'll just see what happens with them and the only other thing that I wanted to point out was none of these vehicles actually seem to require the electronics so you know for me in my regular map it's not a big deal but just know that at this point you don't actually need the electronics the electrical components you need but but I went through literally and just kind of look not one of them needs electronics that I could see now if I'm wrong please leave a comment but there you go so let's take a step backwards so yeah let's just say I guess we could actually load I'm wondering if it'll load yeah looking he loaded on to this truck okay yeah so that's that's a little bit of an issue so if you're gonna make these you might want to cut your trucks off first right so we could say yeah let's just see go to Depot right yeah so you might want to keep that in mind right there that's one of the reasons kind of little things that you kind of figure out as the game goes on but yeah so now well we unload the car there as well now can we just send the car that's another question I have yeah I'm kind of glad we're doing this here let's fast forward then when it gets there it was a good click yeah so he unloaded the car now can we change depot and tell him okay so we can send them to a parking lot but we can't send them to one of those that was that wasn't the truck that was the the loan car so there we go yeah now we have a dumper that we made ourselves so yeah I'm pretty excited I think you know I may make a few passenger cars but you're gonna see me producing a bunch of different Road vehicles on my regular map I'm pretty excited about that there you go well let me know if you have any comments I'd be happy to come back to this and and test it for you guys even if I don't make another video so all right well thank you for watching let me know if you have any questions or comments please subscribe or leave a like if you enjoyed the video thanks guys take care

MAJOR City Centre Renovations | Cities Skylines

what's up you guys Samba here welcome back to downtown Sammy Vostok this area here it has been looking at me for so so long and I hate that we have that really huge large road there to the left and it's really empty so we're going to change that we're going to re basically renovate the whole downtown park area we're going to put in more buildings more high-rises commercial we're going to redo this whole area and make it look really good so if you're new to my channel don't forget to hit that subscribe button I'd really appreciate it and also you guys don't forget to leave a comment below because I always love seeing what you guys are thinking so let's get into it so just to show you guys we already have this area with the seating areas the grass so I'm going to be continuing on with that but first of all we're going to completely get rid of this huge Boulevard now when I was designing this city I was like yeah these boulevards are gonna be really really full and just busy and I was going to direct all this traffic onto them but you know what things change it just doesn't always go exactly how you want it so we're gonna be downgrading it and completely changing this whole street so if you guys watched the previous whenever it was the last week of two weeks ago I changed a lot of the larger Boulevard roads into these smaller roads and just made the the street more friendly so putting in parking and seating areas and trees and things like that so that's what this street is going to be like and since this area has so many people in it because we have the train station we have all these public transport things we have the pedestrian pathways since there's going to be a lot of people already why not make it more pedestrian friendly so and make it just look inviting because the large road before to me looked a little bit cold and just not nice so now we've completely changed this area so we have this smaller Paris roads that's what that road is in case you're wondering it's a Paris pebble style road and then I'm doing this wooden pathway so I used that in the last video as well I really like that because it's a nice change in color and that one's going to go all the way along and we're going to use that to do some sneaky little connections later on in the video too well you'll see you'll see what I mean we'd do some little sneaky things I don't know if you guys have seen it before I don't know but anyway we're going to be putting in more buildings in that empty spot that was right there on the corner now we also have the pathway so we need to redo the pathway it's going to be elevated again and I was like should I bring it down to the ground but I didn't bring it back to the ground because it might be a little bit too wonky because it has to go over this road and then towards the other end it has to go I believe it has to go over the other road as well and then has to go really up high up onto that next level Park area which you guys will see in a second so I just wanted it to all be generally at the same level so that's why it's going to stay elevated and it just makes it a lot easier if they're trying to get through the area really quickly this part here I put in this pedestrian crossing but I actually forget to disable the pedestrian crossing which you'll see throughout the video so you guys don't need to point that out I've already changed it on the city I just did that before I started editing this video so you can see the pathways going along there and then this part here this is where the train lines are and it's not really a usable area it's not it's not really good so I'm just adding in the ground connection right there it all fits in just and then yeah wasn't really the best place to put other shops and things like that so this part right here so we have the boardwalk which I've continued all along but what I'm doing is putting down the pedestrian oriented Road so I'm putting it actually underneath these pathways and so when you do that it actually allows you to place buildings well it looks like it's on the pathways but it's actually connected to the road underneath the pathway and I just think oh it looks so good like that because you have these pathways and then you have the buildings on it and it's a nice change from just doing big buildings on roads I don't I don't like that I like to have more pedestrian activity if you know me and yeah so like I said more buildings in this area so we've got the smaller ones just to fill in the gaps and the large ones so this area it's going to have it's going to have a few more larger big just really tall buildings but we can get away with it and you know why because we have all of this green space so when there's more green space you can have higher buildings because they can overlook the green space but they can also look out over the main roads at the highway right there and into the distance because on the other side of the highway there the buildings aren't that high so there's a night of building comparison as well and yeah it's starting to come together really nicely so I just put down some seating areas to make this area look a little bit more pedestrian friendly we have a new cobblestone area right here and what's going to be grass but then the grass was being a bit of a just a bit annoying I was going to call that something else sometimes yeah the grass can be really hard to put down but I'll show you guys how to do that so if you want the grass acid just go into the Steam Workshop type in grass I guess and you shall find that but we'll get back to that later so this part right here we have the pedestrian access point from the ground to the elevated area so it's like what let's put in like a little seating area here because it's right on the corner make oh I don't know do you guys like to have like your cafe right on the corner of a busy road maybe not the best so even if it is busy I ended up putting in a little fence just to make it seem like it's more disconnected from the main road but yeah it's a busy little spot so I thought why not they've obviously got to make a lot of money bit this is the grass that I was mentioning so you can see that a kind of oval overlaps so I started putting down the food trucks and then these tables just just to try to hide it a little bit but yeah you get these assets the grass assets and they're really small and they're really hard but you just have to place them down and basically align them them all up it's difficult if you if one little bit of grass asset isn't aligned properly it just doesn't look it doesn't look good or if it the monkey doesn't look good look through the people go they look like ants these trees here I just thought they just Betty's fit in so well and they if you notice on the main pathways there throughout the whole area that pathway has really small plants on it and I did that on purpose because if I put larger plants on that pathway it's going to look just just so over the top because it's going to be full of all of these large trees that aren't really specific for each area so I'd rather put lower plants which I've done on the pathway and then put in the larger trees specifically where I wanted if that makes sense just so it doesn't seem to overload it and we can have a nice variety of trees as well so this is also another little seating area doesn't that look good the trains come on crazy in the background there I don't know if you caught that I just like this area right here because it's I don't know just those little food assets there with the seating areas and stuff like that it looks good it looked it looks good along here also people always ask me why do I make the pathways next to the road larger and that comes back to a town planning I guess method where you don't always want to have your pedestrians walking really close to the road because like if I walk really close to a main road I don't really feel that safe I keep thinking well the cars are a bit close like well that one was really close so I like to make the pathway a little bit wider away from the road just to give them a little bit more space from the road you know what I mean so there we go you guys this was just a very quick little video but I've you know what you guys a little secret I've actually done this area before but it didn't save and the video didn't save as well so I was like dude geez obviously I wasn't meant to do that area during that time so this was probably the second or even third time I've done that I remember doing it another time as well and it was such a hassle and yeah but anyway it looks good the grass oh my god it makes it look so much better instead of just doing the the generic ground space so what do you guys think I love the larger buildings there I left the grass bits open because I was thinking maybe they want to have a festival or some kind of I don't know I really don't know markets the farmers market I don't know but it's just good to have the open green space in case they want something there ah it looks good I'm glad that I did this today because yeah I mean what I mean wanting to do this area for a while I loved seeing all the little people there that pathway I said I don't know there's something about it you guys there's something about that asset it has a high attractiveness level maybe there's something about it but I don't know I'd rather I'd rather see them all using the little pathways then driving different points so anyway let's wrap up the video here and like I said I'm glad this video I did this video today the trains gone wonky again I really need to check what it what's going on there with the train that does not look good on me but anyway thank you guys for watching and I'll see you guys next time you

U.S. Real Estate Prices Going Back to 1870

no price like home history of global real estate prices going back to 1870 incredibly interesting incredibly interesting because what I'm doing up doing my retire on Wellington fun research and of course Wellington just goes back to 1930 which is good I'm that gives us ample info we need to run some planning and evidence but I'm also gonna use the reverse mortgage don't do as part of the the the idea of maximizing wealth are not just making sure you don't run out of money that's first and foremost but number two is maximizing wealth we're not gonna do Roth conversions in this simply because there wasn't any then and maybe going forward I'll do a book solely on Rock conversions what not maybe I will but anyway the problem that we have is is not a lot of data that looks at real estate prices from the day the Census Bureau which I'll share with you just a second goes back to 1940 it gives us some semblance of understanding but you know if I want more than that like what was something in 1915 not much data so I came across this article from the Dallas Fed Federal Reserve Board of which God was back to 1870 looking at global prices it was very very interesting so we're gonna share that with you as well but before I do let me introduce my new t-shirts this isn't mine this is from the Ludwig von Mises Institute and if you look where I have back there someplace but I got a book horse let me find it called human action by Ludwig von Mises basically the founder of the Austrian School of Economics and they got the Mises Institute Mis es and this is my sales pitch for you to buy t-shirts from the Mises Institute to nay say de Milo's I guess that's where we get the word malice do not give in to evil say my man Ludwig or Ludvig and then we gotta get this other shirt Austrian Revolution Mesa says University man this is fantastic Austrian revolution and then I get my last one which is pretty cool Mises knows I should say Mesa says like that stupid asada says thing or I were a sauna you know somebody that should say Mises taught me because that that's it but anyway and they also have one inside every socialist is a dictator at heart it's tough to get on one that one t-shirt but anyway the visas Institute by all means good I got these gossip like thirty five bucks a good quality came in two days I got a little Mises thing on the side here pretty cool so stop mixing politics with financial planning folks this is in politics this is by okay because the alternative is a big government running things down your thought your head without you having a chance to think that there could be another way to look at things and the Austrian school is absolutely free banking so all these people are against fiat currency do they know anything about free banking and we have a guy named was a Douglas North I think I'm drawing a blank but it's been a long time since I've looked at that free banking concept but there's just tons of stuff the Austrian school that said oh man huh the monopoly on how do you build a road without government coercion we've we've done that how do you have electricity without government monopolies we had that too so yeah look at Mises Institute Mises org and just watch them their videos on YouTube all right so let's go back so no place like home is the first thing I was doing it's like man where can I find some info on a historical housing so I looked at the Census Bureau and this is pretty cool actually so we'll it goes back state-by-state adjusted to 2010 $2,000 in the end of 2000 and there's some good information here I like this quite a bit actually in fact if you go to this census of housing main you can see all kinds of tables here oops that one of those tables yeah right here yeah this is cool there's I mean there's a lot if you're a geek like me you'll just eat this up man you got home values got gross rents I like this one plumbing words of plumbing in here I guess source of water I thought yeah oh just tons of tons of information but the drawback is only going back to 1940 so just give an example adjusted $4 if you had a house here in the great state of Georgia in 1940 the median house cost 20,000 for dollars and now cost one hundred five thousand at the end of two thousand all right so that's that I think that's pretty and that's adjusted for two thousand dollars and the year two thousand dollars so pretty cool but it doesn't quite give me one look in fact I want to go back a little bit further to 1930 but this still gives us a pretty good premise look we in the United States from 1940 to 2000 though the house grew adjusted inflated from three accounting for inflation from thirty thousand six hundred to one hundred and nineteen thousand six hundred in the six decades from 1940 till 2000s it was a three three times about four times that's four times so increase in cost by 400% or value if you want to look at that it would get my great state of Maine it actually dropped from 1990 to 2000 again the median housing price dropped adjusted for inflation so real terms that dropped quite a business matter of fact so Georgia went up from 1990 to 2000 inflated dollars main drop Hawaii dropped Idaho went up significantly and you can see this is just fun I like a California went down when you're adjusting it for inflation if you don't adjust it for inflation watch this so here's the Georgia this is nuts man house cost not adjusted for inflation 1940 1950 $7 and say it's 111,000 in the great state of Georgia again not adjusted for inflation so I mean it's in 1940 you would have bought the house you had a stroke a check for a 1,900 bucks which seems like a pittance now but you know back then it wasn't whereas the same house in 1940 because the main 2008 dollar so basically Maine and Georgia are the same price that's the funny thing is is that everyone thinks main you know the Northeast it's so rich and beautiful not rich but beautiful and whatnot the interesting thing is Maine and Georgia have been close to the same in price for a long time and even though Georgia's the deep south has been right or wrong the same thing with Maine for the long long time but now Georgia is actually taken over and it's only gonna be this isn't mm I find that be incredibly interesting actually tons of stuff in here I just I love do you like I can read this stuff all day long lastly I want to show you some homeownership look heating fuel it seemed like someone else I wanted to share with you on this oh yes right did want to go to home ownership I think that was it I was looking at that once no it wasn't that it was a hold on just a second it was a table of very second homes which is interesting vacations right here I have watched this so this is interesting so all housing units so let's go to so in all housing units we can go to in Georgia you have three hundred three point two eight million housing units of which 1.6 percent our vacation homes essentially for seasonal recreational or occasional use watch mean though main 15 percent and if you read the stuff up here it's been like that forever essentially and that interesting so main 15 percent of all housing units are main are seasonal IE vacation home from people massachusetts essentially if you go down here is New Hampshire 10 percent you go down to Vermont fourteen point six percent but then you go to Massachusetts only three point six percent in Massachusetts is a beautiful place why because they all flee to the upper Norton Newton New England Maine New Hampshire and Vermont and then interesting and they used to be New York if you go historically it ought to be a lot of second homes in New York three point one percent now this is as of 2000 but if you go down historically let's see we go down to 1970 we're good ounces far back to go think 1940 at 1940 New York the amount of vacation home they had was on a two point nine percent I guess it was the earlier days they had a lot of vacation homes in New York but it was there's some articles behind that it said man a lot of people have vacation homes in New York but Maine New Hampshire and Vermont have always been a top shelf for vacation homes and then interesting so I love that stuff alright so let's go back here though so I want to show you something this is just man incredibly interesting so after Ike how have house prices evolved in the long run this paper presents annual house price indices for fourteen advanced economy since 1870 based on extensive data collection we were able to show for the first time the house and most industrial economies stayed constant in real terms from the 19th to the mid 20th century but rose sharply in recent decades okay so they attributed keep going actually it's interesting is two coupled dynamics working here and I as you know let's just keep on a I so remember from nineteen the mid 19th 19th century of the mid 20 how state prices stayed stable why land prices not construction cost hold a key to understand the trajectory of house prices in the long run residential land prices have surged the second half of the 20th century but did not increase meaningly before we argue that before World War two dramatic reductions and transfer costs expanded the supply of land and suppress land prices since the mid 20th century comparatively large land augmenting reductions and transfer costs no longer occurred increased regulations on land use further inhibited the utilization of additional land while rising expenditure Sayre's shares for housing services increased demand so they're basically saying look you know when we first in the mid 19th century to the mid 20th century were base out there get the land for as cheap as we could anyone you know the homesteading act and things that nature you know that's that's pretty interesting to me and they say because of restricts is use of land the fact that the cheap land was gone you know in terms of there's no homesteading act anymore you can't just go to a freaking Wyoming and set up shop on 40 acres with your mule which is I still find that to be offensive 40 acres and mule what happened I mean I political here but I get there something be said about that I mean that's a promise that wasn't adhere to imagine that the government line of people not crazy which is why my man von Mises do not give in to evil evil government not your friend not your friend anyway so uh but they they attributed to the land prices going up because of the transportation costs I've dropped down but the demands of restoring the restriction has gone up for cuz government regulations and the demands have gone off too because it's easy to get out for these places whereas before was not and on and we've restricted it in a to be probe Liana so the government owns the bulk of the West I mean s all there is to the government the federal government on what they own a heck of lot more of state than Arizona the state of Arizona does as let's keep reading some of these abstracts here let me just turn that off for a second and I want to show you a couple things man I love this stuff I can cheese Louise for don't introduction we're not read the whole thing cuz look there is I mean what friggin 130 do that but I am gonna go to the United States so go down to the US here USA in your face we're gonna go down the US and just read some back as I think you're probably watching from the US and about put a link of the show notes if you want to read this yourself right for Dorothy there was no place like home but despite her ardent desire to get back to Kansas she probably had no idea how much her beloved home cost she was not aware that the price of a standard house in the late nineteenth century was about twenty four hundred dollars she also could not have known whether relocating the house to munch and count country would have increases value or not for economists there's no price like home at least not since the global financial crisis fluctuations and housing prices their impact on the balance sheet of consumers and banks as well as at the leveraging pressure triggered by house pricing busts have been a major focus of macroeconomic research in recent years and in Harry we got Schiller my man Schiller in case ok Schiller remember that case-shiller index so we got Robert Shiller out of Yale and I'm not sure what the guy's insane cases which is kind of sad I promise you know that but I don't I've taught my head in the context of business cycles the Nexus the nexus between monetary policy in the housing market has become a rapidly expanding research fields yeah like that houses are typically the largest component of household wealth exactly exactly the key collateral for bank lending plays a central role for long run long run trends and well to income ratios and the size of the financial sector yet despite their importance for the macro economy surprising little is known about long term trends and house prices this paper aims to fill the void Aikman ah that's why I'm just saying the discount reverse mortgages I don't like I get it you specifically may not need it that's fine but for the vast majority of us not to at least say is this something I could use does it make sense to just follow the Dave Ramsey there scams look man you might not need a but households houses are typically the largest component of household wealth I just I don't understand this it's cuz it's ignorant ignorant based on fear and that's what it is and that is not to say you should get a reverse mortgage but doesn't it make sense if it's a larger component of your net worth so at least say how can I turn this equity into an asset into cash now there is some called imputed rent that means if you own your house outright you don't have the rent to pay which means you have a whole lot less taxes because you have the rental bank so not only do you have less outflow cash I don't have to pay rent or mortgage but I need to get the income in order to pay that rent if I don't need to get that income means I also don't have to get an income tax does that make sense so imputed rent is huge that's why the reverse mortgages is such a wonderful thing not only does it allow you for the imputed income I don't have to make money in order to pay a rent or a mortgage but I can also turn into cash that's tax free – it's a tax rate both ways I've computed income from not having to get make money to pay rent mortgage and I have tax ring income from the house that's why it's a wonderful thing you mop it alright so based on historical research we present house prices indices 414 to balance economies since 1870 a large part of this paper is devoted to the presentation discussion of the data that we unearthed from more than 60 different primary and secondary sources there are good reasons why we devote a great deal of printer ink and paper discussing the data in their sources like these guys right houses are heterogeneous heterogeneous assets and when combining data from a variety of sources great Cara's need to construct plus plausible long-term indices that account for quality improvements shift and compensation a composition of the type of houses in their location we go into considerable detail to test the robustness and corroborate the plausibility of the resulting house prices data with additional housing resources historical resources so under the using the D said we're able to show that real house prices in the advanced economy since the 19th century have taken a particular trajectory that to the best of our knowledge has not yet been documented from the last time trust look man I did a pretty significant about two hours last night well we're watching the Charlie Brown movie with my kids I say where can I find data on house prices and there was it was sparse now look I didn't kill myself look I have looked about two hours and I came across this a couple other things in the Census Bureau but they're like they say to the best our knowledge this data has not yet been document so not only do me think it happens these guys too because they're stating I explicitly I completely concur cuz I can find it from the last quarter of the 19th to the mid twentieth century house prices in most industrial economies were largely constant in real terms but by the 1960s they were on average not much higher than they were or by the 1960s they were on average not much higher than they were on the eve of World War one they have been on a long and pronounced acent since then for our sample real house prices have approximately tripled since the beginning of the 20th century with virtually all the increase incurring in the second half of the 20th century now the interesting thing is they don't really explicitly attribute at to a inflation they what we're gonna get the tables here in just a second but they they don't say inflation is is the primary reason for house prices increase they do give us other reasons which we'll share with it Wall Street we also find considerably crosscountry heterogeneity hydrogenous I can't pronounce stuff right I know what it says I just can't relate it to you so if you're on the podcast reply with dude can you learn how to talk and the answer is no I can't I mean the forty-nine years old I can't promise heterogeneity correct now ain't gonna happen so while Australia has seen the strongest Germany has seen the weakest increase in real house prices in the long run moreover we demonstrate that urban and rural house prices have by and large move together and at the long-run farm land prices exhibit a similar long-run pattern we go further and study the driving force of this hockey-stick pattern of house prices yes this is a real hockey stick not michael mann's still oh my goodness ah the idea that we'd been flummoxed by that guy boggles the mind boggles of mine but all right so this is a real hockey stick houses are bundles of the structure and the underlying land in accounting DIC decomposition of house prices dynamics as a replacement cost of the structure and the land prices demonstrates that rising land prices hold a key to upward trend in global housing prices while construction costs a flat line in the past decades hmm sharp increases in residential land prices have driven up international house prices our decomposition suggests at about 80 percent of the increase in house prices between 1950 and 2012 can be attributed to land prices the pronounced increase in residential land prices in recent decades contrasts starkly with a period from the late 19th to the mid 20th century during this period residential land prices remained by and large constant in advanced economies despite substantial population income growth we are not the first to note the upward trend in land prices in the second half of the century a cites case again but two are in a couple others they do but to our knowledge has not been shown that this is a broad-based cross-country phenomenon that marks a break with a previous era how can one explain the fact that residential land prices remain stable into the mid 20th century increased strongly in the past half century we discussed this both theoretically and empirically so memory empirically means you can observe our emphasis is on the different dynamics of land supply before and after the middle of the 20th century from the 19th to the earliest 20th century the transport revolution mostly the construction of railroad rail raid network railway network but also the introduction the steam shipping and cars led to a massive and well-documented drop in transportation cost often referred to as a transportation revolution an important effect of the transportation revolution was to substantially augment the supply the economically usable land we develop a model with land heterogeneity to demonstrate how a sustained decline of transportation cost endogenous endogenous Lee triggers an expansion of land such as the lamplight price may be may remain low despite continuous growth in incomes of population I find that incredibly interesting so they struct a lot a model a sustained decline the transportation cost right so even though just sustained decline in transportation cost land on augmenting decline of transportation costs sub subsides the second half of the 20th century so that land becomes increasing fixed factor so what you're saying is basic when there's an unlimited supply of land in the early part of the 20th century even the increased demand will not drive up the price so base of the land is so the supply of land is so high that the increase in demand is actually is not increasing the price but then you fix the supply there's now no longer – I'm going to supply there's a huge fixed supply in the demand because a huge population growth declining transportation cost the demand has greatly exceeded the supply and thus the prices have shot up so surprised they don't put more emphasis on deflation but let's just keep talking at the same time zoning regulations and other restrictions on land use also inhibited the utilization of land in recent decades while rising expenditure share for housing services add to the further rising demand of land so again restrictions on land use freaking EPA and whatnot weather just there again you don't own anything here in the United States the only thing you truly own is your buy so let's not pretend you actually own your property you don't if they can say you're a freakin Creek behind you is a wetland and they can stop you from building on your own land inherently you have no ownership right that's just I mean they do that all the time anyway I find that very incredibly so that even though the once we fix the supply and the demand kept growing up and it get going then it's only inherently what's gonna happen prices our findings also have potentially important implications for the much debated long-run trends and distribution of income and wealth more precisely we offer a vantage point for reinterpretation of Ricardo's famous principle of scarcity Ricardo in 1817 argued that in the long run economic growth disproportionately profits landlords as the owners of the fixed factor as land is highly unequally distributed across a population market economies therefore produce ever rising book inequality riding in the night okay but Holly but who gets access to the land harry reid's of the world dude not old Josh because Harry Reid's is on the in old Josh is on the out that's the ie the landlords get access to the profits of the lands the politicians and their corporate lobbying groups riding in the 19th century Ricardo is mainly conservative the price of agricultural land and reason that as a population growth pushes up the price of corn the land rent and land prices will continually increase in the 20th century B we may be more concerned with the price of housing services and residential land but the mechanism is similar the decline in transfer cost transport costs kept the price of residential land constant into the mid 20th century yet the price surged in the past half-century could be an indication that Ricardo might have been right after all I just restricted in the land use I mean the literally this was happening all right so let's just keep going they they do talk about again the home cost construction you know the building rebuilding they argue better quality homes mass manufacturing you know I frankly don't know that I I hear all time they don't build them like they used to I'm not so sure about that frankly but look I'm not in the construction trades I don't know I get there something be said about the old 1700 homes that were built by the Mennonites and the Amish and whatnot and the pilgrims you know they used solid oak and that had been grown for a hundred years an hour thrown up you know stick base man manufactured mass manufactured homes I don't know I don't know that I don't have a judgment on that but if no matter what you look at because of the regulations you got to have I mean you have to have fire alarms at every place you got to have just all this stuff regulated regulatory hell in California you gotta if you're gonna put a house on after solar photovoltaic panels on there anytime they do that they're increasing the cost without question so they're still attributing this article that 80% of the increase in homes are due to land prices increase which tells me right there is because the mark has been eliminated because the government owns so much but let's just go the data here and you can look at all this this is a you know they use lots of fancy schmancy numbers and formulas which all right so I just want to go the data and here I do like this here's what their saw I'm looking at United States how are they accounting for this property vintage and type in the US are looking from 1890 to 1934 they're look at repeat sales in urban areas all right so repeat sales new dwellings and repeat sales and urban areas from nineteen thirty five to fifty two again urban they're looking at median prices existing dwellings and then from there looking at Census Bureau stuff from new and existing dwellings all right so let's keep going down we're going to look at the US and that is I guess a lot pause it for a second so the index for the US covers the years 1890 to 2012 for the 1890 to 1934 period we use a depreciation adjusted home price index for 22 cities by some guy named ebler in 1956 this index is calculated using an approach similar to the repeat sales method by matching sales prices and housing values estimated by homeowners for the years 1934 to 1974 we use a house price index published by chiller in 2009 is based on the median residential property prices in five cities until 1952 and awaited mixed just an index for the entire US after 1953 for 1975 and onwards we use a way to repeat sales index of the Federal Housing Finance Agency between 9 1890 this is critical between 1890 and 2012 US house prices were increased by a hundred 50 percent in real terms as to inflation adjusted so you've see a 150 percent that's not much in terms of what's that that's freaking over 100 that's about 120 years prices rose 1.8% per year on average until World War 1 contracted during the war but recovered during the interwar period so between World War one and World War two however the extent of the price appreciation the interwar period continues to be debated let's see following World War two housing prices first surge but then remain remarkably stable into the early 1990s a couple arguments a couple folks argue that the index constructed by Shiller underestimates the housing price appreciation 1960s and early 70s several regional house price booms and busts in the 1970s and 80s are visible the national wide index during the real estate during the past two decades again this is ads of 2012 I think it's when they wrote this or publishes real estate values increased substantially before falling steeply after 2007 yeah alright so let's keep going down here exact I want to show you the the US this is all of this right here all right so we're gonna show you this chart all right so this is nominal house price index are a nominal house price index all right so let's just I'm gonna show you then we got CPI and then real GDP so we're gonna show you the u.s. nominal house we got 170 end on a hundred and seventy one hundred seven scuse me years the full sample size the nominal price increase was two point nine percent a year the from 1890 till the end of 2012 is two point nine percent a year all right the nominal inflation was one point five percent a year all right so we good up here alright an inflation of the average inflation the average inflation was one point five percent a year and then the average GDP growth was one point seven percent of year hope that makes sense alright so we have the housing sample full is average two point nine percent a year eurovia increase of which one point five percent of that not live which but one point five percent that I guess you can't get a tribute to inflation and then the GDP was one point seven so they have interesting so we got GDP growth one point seven we got inflation one point five add those two together we got two was that three point two and yet the grew housing growth has been two point nine so the pre-world War the forty two years from 1890 to pre-world War the average house grew by one point five percent basically had no inflation is a little bit of a deflationary is like point less than one percent each and every year deflationary so each and every year the value the price went down there was the deflation and the GDP was up by one point five so as a phenomenal year for Girl to the US and emerging markets territory but again we have inflation was essentially not exhibit was literally not exist not essentially and our growth on the home mimic that of of the average price of home to the GDP and it's interesting here so now we go to 2000 post to World War a 65 years so basically 1945 told 2012 the average home grew by 3.8 percent that's the nominal rate but inflation was three point six percent ah so GDP was two percent so that's interesting how do you attribute that so if you factor in inflation and GDP relative to what it was the full sample you would think that inflation that the average home should have grown by five point six percent but then it only grew by three point eight percent which is almost identical to inflation pretty interesting huh so basically the history of home value appreciations two point nine percent but that has divided up to one point five percent pre-world War two and then three point eight percent post-world War two but the three point eight percent post-world war two was eaten almost on a percent by inflation so I think that what you need to do here is you need to say as I'm gonna scroll down a little bit is you got just say at the end of the day you should use your real estate increase in your home as as to a pre Shaya specially using the right capital software they use to whatever you think inflation is gonna be I think that's about the best you can do so let's go down to to the US here I'm gonna show you the various grass I don't think there's a right or wrong answer for that I just think at the end of the day you're not going to get and again look it's all to but we know this it's all based on your location location location and here is see share of GDP hold on slam prices hold on just a second why should that sharp with you only pause it for a second one second it's a chart I just look at so basic and see in 1890 to 1945 is flat you know home prices were literally did hardly anything at all then it started going up a little bit and then I that's look at that lo and behold coincides with what exactly that's the inflationary years the 70s and they just took off like a bat out of hell and there's down here has a two twelve but anyway you can see financial planning this is an anomaly and if we get rid of that anomaly from since 1979 to basically 66 82 what does that change things but then you look here this is 1995 to right there and I gotta true that too Clinton wanting homeownership at the home cause you know the CRA Community Reinvestment Act of what not just the the ninja loans no income no jobs or assets and look at that increased oh we're gonna fell back and I look so I don't know I don't know I mean I think I'd be in a day if you're gonna look at this right here and say that has some kind of semblance of reality I think you can say none it's not true but you have a run-up here from basically 1980 to 1990 a pretty significant decline they got a run-up from basically 1995 to 2007 and really 2006 so if you do a model of this you know these run ups are not the it'd be kind of like at more of an adjusted line like that but still an increase that's got to be doing inflation cheap money and more regulations on land and just the cost of your home anyway certainly higher than it was before so I think a 3% rate is probably pretty 2 to 3 percent I think looking at as what you think inflation is would make sense to give you a value of your of your home now I will just go back my wife lived in a town in Virginia which she did not get her mom did not get any value of it when they bought it in the 60s and they sold it when she died and I think 2008 when we sold it it went up just a little bit but certainly not to the extent that we got inflation area just at each and every year but it did have an increase in value so because a dollar fell relative what they paid on the other hand my granddad bought a house in 1967 Los Altos California and when my grandma died in 2010 12 they sold that sucker for a price without question and so just it is a locational occasional occasion but this convinces me that you should use your real house price index yeah so you can see that you should use your Greta's that shave the shades of the war times too by the way is that that's why i all right so what's that sells you should look at your real estate as a get me up here alright so you should use your real estate looking at it as a sense of that you're going to get it with adjusted for inflation each and every year no – s where's all off no more no less alright so there because your buddy josh has got me way up on high my face there hey guys peace peace it's uh that's kind of weird I show my face look at that you'll see it there I am and we so you're gonna get your uh you're gonna get your real estate you should use it relative to your inflation rate that's what I'm saying when it comes your financial planning alright well leave that to you hope this helps mash and we'll see you next time


hey guys welcome back to the new industries DLC and oh my god thank God they actually did something like this because I've been wanting a expansion pack like this for so so long and I really would just like to congratulate everyone who worked on it because I feel like this is a really great step in the direction that the game should have had from the beginning so when I say the right step it basically just mean more detail more different little things that you can do besides just building things so the thing that I really love about this new expansion pack is that there's just so much more depth and I will admit at first it's very overwhelming not just because of the amount of buildings but the amount of different things that you need to actually connect everything up to actually make money basically but that is something that I think is really realistic and I'm really excited to play with it so if you guys know me I was super super excited about the farmlands which this is the first thing I built when I first downloaded it and luckily my whole city semi Vostok did not break the only thing that broke was the traffic manager but everything else is completely fine so yeah I get to play with it so this is the first area that I want to show you guys it looks so good I love that there's so many different types of buildings not building buildings what are we talking about whether there are different types of buildings which is pretty cool but there's so many different types of fields so for exit this view like you can click on here and you can change all of the different types so you have apples oranges pears and the greenhouse but I'm not going to be the greenhouse I like the natural look I just love that you can have all of these little buildings here so this is the the farm main building you have the maintenance building and then you have these little buildings here which is where all of the workers live so that's pretty cool to have so they can instead of commuting all the way from the city which is a pretty far way to go all the way over to here like that's pretty cool that they can actually just live there and then you also have these buildings here which just barns that you can place down so you have a big one and then you have a smaller barn which is that guy right there and I think it's just super super cool and when you actually click on this you have all of this information here so you can see my pretty much almost full which is making 320 which isn't very much but it has all this other information and then if I wanted I could branch out into making flour and animal products but I haven't really got into that because I want to do mostly a lot of it on camera for you guys so for this for the sake of this video I just built a little bit so there's so many different things and then you can go into policies you have the improve logistics so that's like increasing the storage capacity and processing buildings by 22 percent increase upkeep cost of industrial buildings by 10 percent and then you have improved worker safety – safety at work is supervised more carefully so that's good and then you have this one here which I put on which is basically robots so I wanted to see if it's much faster and it's actually as soon as I put this on it's really really fast the production rate is really great so it's super cool and basically first of all if you want to do an area like this you have to draw it out like this as a district using this guy here and that's basically it but before you actually start building you have to go into here and choose your main building so for the farmland I chose there's only one so it has to be this guy here so there's so much different stuff so if you start from here this is what we originally had but if you go into here you have all of the different type of forest which I'll show you guys in a minute I put some hours already you have the farm area and I didn't put any large animal pastures out just because I wanted this area to be more farming so that's that's pretty cool that the Hat that you actually have the variety and when you actually put these down you have the choice of doing cows pigs sheep and highland cows I don't know what the difference is are they the really woolly ones but then so that's pretty cool that you have such so much variety so you could do one big farm that's just painful pigs or one big one that's just for cows or something like that and then here you can do one that's just for apples and then you have all of these other types of buildings here so for example you have the flour meal you have the cattle shed you have the milking parlor the slaughterhouse which is sad they had little grain silo which I put one put one right here which that all of the trucks are actually going to stopping in getting that so that's that's pretty cool I like that there's also a fence that comes with this which is a dentist one it's this one which is pretty good I like that right it looks pretty cool and then what else do we have in here you have then the small barn and the large one and then the fence so it's a pretty cool even just having this like I'm super excited about that so cool and then if I just show you guys the forestry area I put a little one up here so in this map that was already this little area that kind of looks like a forestry area but it looks so cool like look at it so if we go to the start you have the main building and then you have this area which is where all of the workers live so it doesn't even look like some what they live it looks like a factory or something right but it actually is the workers barracks oh that's pretty cool and then you have the forestry forestry maintenance building and then you have the biomass pallet plants so there's still there's so much stuff and then you have the wood chip storage so you can choose the different types of things in here so you can choose balanced feel like empty and then just has all of the information so you can see that it's getting quite full and then I'm not sure what will happen after that because I personally haven't got to it and then if we come over to this side there's another little guy here so you have the sawdust meal again you can choose all of that and then you have all of these different types of trees so if you go in here you have the beach the beach the conifer or the alder so you can change them to however you want and then you also have these different fields so you can just choose generic field or you can choose a greenhouse but I like the field because it looks more natural but this one here is the greenhouse one so that's good if you want to protect it from bugs and stuff like that and then you have another storm wheel here so you can see it's like the production line so you have all of the timber coming in the raw forest products and then it's making the timber which I guess is that there that's really cool that you can go and you can see it actually working so I like that it's good you have all of these different figure that you have all of these different steps so at first it's like on the car that's overwhelming but I think that's pretty cool so you just have to go through play with it yourself you can go through here you can see all of all of the different areas that there's another one that I want to show you guys in a second that I've been made I just think it's so cool so you have this one here which I don't think I put all of the buildings in so like there's this big pulp mill there's the engineering wood plant and I just think that's so cool so I am planning on doing a lot of different towns that I really like made for this industrial area because I'm doing a rational City style so obviously there's going to be a lot of industrial in the city and then over here you might have noticed that this is the cargo Airport and at first I was like do we really need that is that really necessary but I mean the more the better so the good thing about this is that you can actually connect it to the train station so the Train can just go straight in I'm assuming the cargo train because it wouldn't make sense for the passenger train to go in there I like the colors of it obviously I'm not going to leave it there it kind of reminds me of like a prison or something this design here so just like it and I'm hoping that when it's actually working the trucks would go in and out and really make the whole area look much more alive so that's a pretty cool thing to have another thing that I want to show you guys is over yeah so you have all of these warehouses and I love warehouses so in another district in on this map and I put in a whole lot of other warehouses but it is great that they now have an actual tab for warehouses so there's not that many but I'm sure it really helps the developers make more so you have the warehouse yard which I think is this one down here so you can actually choose again those but you can actually choose what you want to store in this yard which is pretty cool but I have not done that and I'm assuming once you once it starts filling up its going to actually start building in visually look visually so you can actually see it and then for example this building here which I really love your reminds me of the cargo airport actually so you have the food factory and again you can help you can change all of these options I am yet to explore all of this but I think it's pretty cool and I liked it it doesn't just look very industrial it kind of does look like a bit of a shop front you have the bakery over here so you again you can change it all around and then it shows you the very material cost product value so that's pretty cool to have and then there's some if I just pause what these looks a little funny but look at that that's cool that they have some new vehicles they should anyway and then we have the large warehouse so again you can choose what you want and then there's a few other ones in there and then if we go into the unique factories you have a lot a lot a lot a lot now if I just go through them very quickly you have the Furniture Factory which some and some of these are really huge you have the bakery which is this guy here you have the industrial steel plant so like for example this one look how big it is that is sorry big what else do we have we have the household plastic factory we have the toy factory and that's cool because you can you can like go up to the mountains and then remember in Park life there I think it was Park life there was a building I don't know where it is but there was a building that was basically Santa's castle or something or something like that so you can make like a whole a whole ice area and make a little Santa's Factory up there sorry I've come back here we have the printing press you have the lemonade factory which is an again another really big building I'm just going to place it over the train just so you can see like that and I love that some of these factories are actually really really huge that's good because I didn't want to just have like annoying little ones like that there's one that's really big so you have the electronics factory but there's one that's even bigger so you have the clothing store which I'm just gonna pop down there you have the petroleum refinery which is big but it's not the biggest so let me just place it there and show you guys oh my god imagine designing that the detail in this is so cool and again each one of these that you put down you can change the production rate so that's cool right it's cool the big one is the so you have this soft paper Factory this one here the car factory this is the big one I'm just gonna place it down can I even but there look how big that is we zoom out compare it to the airport the forestry area and all these ones it is really really huge and I love it it's so cool I'm just really pleased with this whole DLC and then the other ones we have Sanka factory modular house Factory and then the shipyard which I want to show you guys right now if we go over to here this is the shipyard I love that they put this in I don't know if it will actually build a ship I really hope it will I don't expect it to be built and then float away but I do expect them to actually build once you have all of the necessary things so you have to make everything yourself which is really really cool I'm not sure if they were actually import or yet or they will only rely on example like if they want plant timber does it only come from my forestry area and things like that so I'm guessing I have to do all of this which is pretty cool and I like that it's it's not just super easy it does take a while to get to the point so I need to spend some time to get to it and it's saying ship so I'm guessing it does make a ship another really cool one is this guy right here so we have the seabed mining vessel and you can see that it's getting all out of the seabed so I like that it has the gap in between it looks pretty cool you can zoom in you can actually see the oil there you can see the oil out here so it's digging and then there's another really cool one which is if I can find it it's the oil one where they mined the oil this one here so the offshore drilling platform now I didn't put this in because I just couldn't be bothered because it doesn't really fit in with this area but if you just look at it look it just looks so cool so an offshore oil drilling platform for extracting oil industry raw materials from seabed deep from seabed deep rock formations so that is really cool I love that I did that very very realistic I don't know if I showed this already but you have so many different oil buildings in here and then you're also going to hear you have these really cool sand storage things another or store so you can make a huge shipyard and of course this guy here look how big this one is I love that they have this a larger or mine that is so cool it makes me want to redo my whole port area again because now my port looks so small and so it's just too undeveloped now in terms of new policy policies there are a couple so if we go down to the services you have free Wi-Fi so free Wi-Fi access points for the citizens and tourists will allow easy the use of email and other Internet services instead of traditional mail services this reduces the amount of mail accumulation in the area so that's really cool to have and then Li how then you have the automated sorting so introducing automated sorting to post sorting facilities and post offices around your city will increase not only mouth capacity but also sorting rates that is good I always love a good policy and then and then if you go up into City Planning I believe there's a couple down here so you have workers union so the workers union has a strong presence in the city provides the workers with better benefits and increases their morale but also reduces the tax income and then you have automated tools which I'll show in a second so vehicles no longer need to stop at the toll booth so if I just show you guys I put in a toll over here it's just a three or four lane I close that so you can see that they actually do slow down quite a lot but I'm assuming if you press this it basically gives them a little chip in their car so they can just zoom straight through without actually having to slow right down and pay you can see like right now there actually looks like they have to stop manually put in the money or some something and then go but here I think this is probably better because I can imagine if this is like if you have a really really really busy highway putting in a toll that is going to be a nightmare for you so I think this is definitely what you will need and then lastly there is the post offices so this is the actual post office here this little guy here but you also have the sorting area which is pretty cool to have I will be honest I will probably forget to do this because it isn't really something that's necessary please for your whole city it's basically just a little extra cool feature to have it's it's still good I'm still happy that they put that in okay and then lastly we have the new radio station so it is called the synthetic don't radio I've been listening to it and it's actually pretty cool so I love that we have such a huge variety now is it actually worth buying well that's really up to you what do you want to do in your city do you just want to build and build and build or do you want something a little bit more so for me I like to build and I also like that a little bit more so this is a really really perfect DLC for me and for the people that really just want to have more depth and I really hope in the future that there's going to be more expansion packs that have a lot more in-depth stuff like this because this is something that's really really on the right track and for once I actually think this is worth the money you'd think it was like 17 or 18 dollars Australian dollars here usually I think that's a little overpriced but I think for the depth and the amount of buildings that are actually in this new expansion pack I think that is really worth it so that's all I got for you guys I think I covered most things if I forgot something please let me know and also what do you think of this do you did you buy it did you plan on buying it do you like it do you not like it what's your favorite thing what's at least for everything let me know in the comments below and as always thank you guys for watching and I'll see you guys very soon with another video bye guys