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VP MTG Lending | NMLS 625738 | Conforming | Jumbo | Government | Non-QM | Back-Up Lender | Relationship Builder | 3 kids 3 dogs | Bassist | Die-Hard Arizona Cardinal Fan | Jeep Lover | Traeger Expert

Really powerful line as American's tussle with the idea of homeownership: "A tremendous amount of real estate today is undervalued, based on its energy generation potential."

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Brendan Wallace Brendan Wallace is an Influencer

CEO & CIO at Fifth Wall

The real estate industry is going to subsume the gas station industry. This is the future. For consumers, convenience wins. Why go out of your way to an EV charging station if you can fuel up at the grocery store, at the gym, or while you're at a restaurant? Thinking we need a bunch of dedicated EV charging stations is cognitive bias based on how we conceive of gas stations today. The "gas station" of the future is electrons that meet you where you're at. For businesses, profits win. Businesses will do what makes them money. EV charging did not make financial sense for a long time. That is changing, driven by tenant demand and lowering installation costs. Retailers like Walmart and Costco will lead the way, but other asset classes like multifamily won't be far behind. This is a win-win-win, and the biggest winner is the real estate industry. A tremendous amount of real estate today is undervalued, based on its energy generation potential. As the cost of solar and storage goes down, and more real estate owners unlock their true energy generation potential, energy will be a huge revenue generator for real estate owners. #proptech

For Decades, Installing E.V. Chargers Didn’t Pay Off for Retailers. Now It Does.

For Decades, Installing E.V. Chargers Didn’t Pay Off for Retailers. Now It Does.

https://www.nytimes.com

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