00:36:21 · John Coogan, Jordi Hays
[00:36:21] S1: A Land Rover Defender one ten. I'm telling you right now, this is gonna kill it. This is the suburban status item of 2022. I wanna buy this right now. This has nearly the towing capacity of my Ram and will smoke my wife's Audi on the track. [00:36:35] S2: Why are you taking a Cybertruck to the track? Or Fun. I mean, I don't know what Audi it is. [00:36:40] S1: I don't know. [00:36:41] S2: Audi. The whole thing is, like, if they could have made this product for 40 k, probably would have sold, you know, available.
00:36:51 · John Coogan
[00:36:51] S1: 40 k. I mean, the extreme the extreme design is still a choice. It's such a choice. Yeah. Like, you just limit your tan because, like, even though... I mean, the g wagon has, an iconic silhouette, but you... If if if you're in a community where everyone has one, you start wanting something else. You just want something a bit different. You just want a different style. And then also the the politics thing obviously really restricted it because you have you have the the like democrat community buyers who like the the environmental friendly angle and have the disposable income sometimes Yeah. Are like, I'm out for for political reasons. I forgot that Tesla's also a CPG company. They have a they have a tequila brand, Tesla Tequila. Vittorio has taken shots in your honor because he loves the Cybertruck. Let me tell you about Figma agents. Meet the canvas. Your AI agents can now create and modify your Figma files with design system context. The surf community is selling man made waves to homeowners. I know you're gonna have a lot of opinions about this. Waco Surf. It's a 500 acre development in Waco, Texas. Developers in states like Texas, Utah and Arizona are betting that man made surf lagoons will lure wealthy buyers despite high construction costs and steep monthly fees. So are you in search of a vacation spot for surfing with your family? Clint Tasset was. And he put down a $600,000 deposit last year on a $1,800,000 lot in Cabo, Mexico, a place renowned for its coastline but he doesn't plan on surfing in the ocean there. Instead, the $3,000,000 house he builds will be across the street from the beach at this location, the Cabo Rail Surf Club, a private residential club next to an artificial lagoon with a wave machine. In the lagoon, he won't have to wait for waves and battle other surfers. There will be no sharks, jellyfish, rocks, bad currents. He's promised multiple good waves a session as big or small as he wants. It's approachable, said Tasset 46 who lives just North of Denver and founded a digital marketing company. If you can lie on a board and move your arms, you can get in. He plans on surfing there with his wife and two kids aged 13 and 15. There's some interesting photos of them building this development.
00:39:05 · John Coogan, Jordi Hays
Thanks to advances in wave pool technology, man made surf lagoons are becoming the latest amenity high end housing developers are using to lure buyers instead of golf courses, ski mountains or lakes. These develop... These developments often with custom built homes and members only clubhouses offer surfing is the main activity. Whether these capital intensive projects can be financially successful, however, remains to be seen. At least one planned project has already faltered. Are you... You're you're in favor of these? What do you think? [00:39:39] S2: Love wave pools. Yeah. Cannot imagine buying a property down in Mexico off of the beach right next to like a chlorinated pool and I've... And and this is coming from somebody who loves surfing. [00:39:52] S1: Yeah. [00:39:52] S2: I love surfing wave pools. Sure. I just do not... I don't understand. Like the ocean has so much more to offer than just surfing. Right? [00:40:00] S1: Sure. [00:40:00] S2: Sounds amazing. Yeah. Let me get in my car. I'm in Mexico. Let me get in my car and drive to the beach. Oh, yeah. Like you're you're buying a place in Mexico because you love surfing and Yeah. You're gonna be not near the... Like not near the ocean. Yeah. I don't I don't... I'm like I'm I'm very very confused [00:40:21] S1: I mean these by these brands. These make a lot more sense where they're like... They they they call out a couple other places that are... Where they're building them in a... [00:40:32] S2: So yeah, Waco Surf Waco [00:40:34] S1: Surf Texas.
00:40:34 · John Coogan, Jordi Hays, Max Siegelman
[00:40:34] S1: Surf Texas. [00:40:35] S2: Is gonna be a development outside. How far is Waco from Austin? [00:40:40] S1: I don't know. [00:40:41] S2: I think it's a couple hours. [00:40:42] S1: You'd visit on weekends Yes. [00:40:43] S2: After work his [00:40:44] S1: private plane. [00:40:45] S2: Two... Just under three hours by train for you, John. [00:40:48] S1: Mhmm. [00:40:48] S2: For me, it would be like an hour and thirty minutes by car. Okay. Trains. [00:40:53] S1: Why do I say trains? [00:40:54] S5: And you [00:40:54] S2: love trains? [00:40:55] S1: I like trains. [00:40:56] S2: And you... Don't you wanna build it like a mini train on your [00:40:59] S1: That would be amazing, yes. [00:41:01] S2: But yeah, I just don't under... Like, again, I I just was at the new Wave Pool in Palm Desert, had an amazing time. [00:41:09] S1: Mhmm. [00:41:09] S2: But I had no desire to like live right on the pool. [00:41:12] S1: Look at look at Zion Shores. This is in Utah. You're so far away from the ocean. You're there. You're in Utah. Maybe you're gonna go skiing sometimes in Utah. But... Not [00:41:26] S2: not loving it. He says, this is this is perfect for the NPC.
00:41:26 · Jordi Hays, John Coogan
[00:41:26] S2: not loving it. He says, this is this is perfect for the NPC. [00:41:32] S1: You got $8,000,000 to spend on a a Wave Pool property in Utah. He plans to build a 2,700 square foot home there for Parkinson. Means a few hours drive to surf instead of flying to the coast. His wife and seven children aged k. 10 to 14. I mean, with that big of a family, getting out to the coast, that's gonna be a that's gonna be a hassle. So bringing the surf to you, not a bad trade. Controlled waves mean they can all do the sport together. The $130,000,000 Zion Shores project came developed... Came together after developer Cody Larkin installed a continuous surf... A continuous wave surf machine in a lake in 2021 at one of his residence communities in Utah. He was shocked to see that the surf wave was far more popular than water skiing or wakeboarding. Everyone would spend almost all their time there. Half of the 56 residential lots at Zion Shores have sold since development started a year ago. There's a $500 monthly HOA fee per house, and that doesn't include surf fees, which range between $30 to $200 an hour. What are you paying... Why are you paying more per hour? Is that like I want a bigger wave and so they charge you more? [00:42:43] S2: They they have different pricing based on time. Like they have like their their sort of peak rates. [00:42:48] S1: Oh, okay. Okay. Yeah. Yeah. And then... [00:42:51] S2: There's sessions that basically take a lot less energy and you can put more people in the pool Oh. Versus certain settings are gonna be like bigger waves
00:42:51 · Jordi Hays, John Coogan
[00:42:51] S2: There's sessions that basically take a lot less energy and you can put more people in the pool Oh. Versus certain settings are gonna be like bigger waves [00:42:59] S1: Okay. Okay. Energy cost? [00:43:01] S2: And so they can't monetize it as well. Okay. Yeah. Know. The crazy thing with with all these wave pool projects is like you're making your... There's all this CapEx going into the actual technology that generates the waves. Yep. And so if you're buying a home, you have to have conviction that the operator is gonna continuously update Sure. The technology the pools that I was surfing two years ago are not fun anymore in comparison to the pool that I just surfed. [00:43:30] S1: Oh, that's interesting. [00:43:30] S2: It's just like Yeah. Such a big leap. [00:43:32] S1: Really? [00:43:32] S2: It's... If you're really into surfing pools, you kind of always want to be on the pool that just got built. Yeah. It's sort of like a fast takeoff scenario like like we're seeing on... I saw one that has... You know, it's like no one's like I gotta get access to GPT four or five anymore. [00:43:47] S1: Yeah. Yeah. [00:43:48] S2: Yeah. There's a few people out there. But [00:43:51] S1: I I saw one that has like basically a train car that moves along a track and creates the wave. I don't know if that's older. [00:43:58] S2: The chat the chat is not Crazy. Not liking not liking the pools. Okay. Let's let's go into the Wall Street Journal comment section. [00:44:07] S1: What do they say?