Jack and Nick

Now, Jack, could you describe our vision when we heard about this first Costco apartment? The unit must come with a 12-pound tub of peanut butter, unlimited Costco Kirkland toilet paper, and a fridge that just keeps refilling with those $1.50 hot dog and soda combos. Oh, what's in the freezer? A double-chunk chocolate chip cookie.

Now, Jack, could you describe our vision when we heard about this first Costco apartment? The unit must come with a 12-pound tub of peanut butter, unlimited Costco Kirkland toilet paper, and a fridge that just keeps refilling with those $1.50 hot dog and soda combos. Oh, what's in the freezer? A double-chunk chocolate chip cookie.

And you can't get into the building unless you flash your Costco card. And That was our vision for the Kirkland condo, as we call it. But these apartments are the least Costco-y apartments ever. Yeah, plot twist slash spoiler. But the Costco is not getting into apartments right now, are they, Jack? No, this is a one-off that they're doing just for their LO location for a very particular reason.

And you can't get into the building unless you flash your Costco card. And That was our vision for the Kirkland condo, as we call it. But these apartments are the least Costco-y apartments ever. Yeah, plot twist slash spoiler. But the Costco is not getting into apartments right now, are they, Jack? No, this is a one-off that they're doing just for their LO location for a very particular reason.

And you can't get into the building unless you flash your Costco card. And That was our vision for the Kirkland condo, as we call it. But these apartments are the least Costco-y apartments ever. Yeah, plot twist slash spoiler. But the Costco is not getting into apartments right now, are they, Jack? No, this is a one-off that they're doing just for their LO location for a very particular reason.

But it is a very interesting reason why Costco is doing their first ever apartment. Here's the deal. Local approval of a big construction, like for a big box store in Los Angeles, that would take years and it might never get approved. But interestingly, California state law AB 2011 allows a fast track approval if affordable housing is included in the plan.

But it is a very interesting reason why Costco is doing their first ever apartment. Here's the deal. Local approval of a big construction, like for a big box store in Los Angeles, that would take years and it might never get approved. But interestingly, California state law AB 2011 allows a fast track approval if affordable housing is included in the plan.

But it is a very interesting reason why Costco is doing their first ever apartment. Here's the deal. Local approval of a big construction, like for a big box store in Los Angeles, that would take years and it might never get approved. But interestingly, California state law AB 2011 allows a fast track approval if affordable housing is included in the plan.

So instead of a purely commercial construction, like for most Costco's, Costco is doing mixed use for this particular LA location. So it's both a commercial space and a residential space. It's a Costco superstore on the first floor with 800 apartments on top, 184 of which are affordable apartments. It sounds like the kind of thing Adam Neumann came up with while he was high at a Target, Jack.

So instead of a purely commercial construction, like for most Costco's, Costco is doing mixed use for this particular LA location. So it's both a commercial space and a residential space. It's a Costco superstore on the first floor with 800 apartments on top, 184 of which are affordable apartments. It sounds like the kind of thing Adam Neumann came up with while he was high at a Target, Jack.

So instead of a purely commercial construction, like for most Costco's, Costco is doing mixed use for this particular LA location. So it's both a commercial space and a residential space. It's a Costco superstore on the first floor with 800 apartments on top, 184 of which are affordable apartments. It sounds like the kind of thing Adam Neumann came up with while he was high at a Target, Jack.

The apartments, though? Yeah. They're 600 square feet and smaller. Yeah, that's the one problem here. The size of these Costco apartments are basically like your sophomore year dorm room, right, Jack? Instead of like a bulk Costco size thing, it's like a sample size. It's really tiny. Some people on Twitter are actually calling these Costco apartments Costco prisons.

The apartments, though? Yeah. They're 600 square feet and smaller. Yeah, that's the one problem here. The size of these Costco apartments are basically like your sophomore year dorm room, right, Jack? Instead of like a bulk Costco size thing, it's like a sample size. It's really tiny. Some people on Twitter are actually calling these Costco apartments Costco prisons.

The apartments, though? Yeah. They're 600 square feet and smaller. Yeah, that's the one problem here. The size of these Costco apartments are basically like your sophomore year dorm room, right, Jack? Instead of like a bulk Costco size thing, it's like a sample size. It's really tiny. Some people on Twitter are actually calling these Costco apartments Costco prisons.

Not something a Costco member would want to move into. Stop. Still, any new housing is good housing for a city with crazy high rent like Los Angeles. And lovely Los Angeles has rent that's three times the national average. Plus, there is a Costco literally down the elevator. Yeah, so like if you jump up and down in your bathroom, they will hear you in aisle six by the toiletries.

Not something a Costco member would want to move into. Stop. Still, any new housing is good housing for a city with crazy high rent like Los Angeles. And lovely Los Angeles has rent that's three times the national average. Plus, there is a Costco literally down the elevator. Yeah, so like if you jump up and down in your bathroom, they will hear you in aisle six by the toiletries.

Not something a Costco member would want to move into. Stop. Still, any new housing is good housing for a city with crazy high rent like Los Angeles. And lovely Los Angeles has rent that's three times the national average. Plus, there is a Costco literally down the elevator. Yeah, so like if you jump up and down in your bathroom, they will hear you in aisle six by the toiletries.

They might even send you toilet paper to shut you up up. We're going to need another pound of peanut butter, buddies. So Jack, what's the takeaway for our buddies over at Costco Apartments? Fixing housing requires 50 different solutions. Yetis, unaffordable housing is a problem for all 50 states. It's the biggest driver of inflation, of poverty, and of unhappiness.

They might even send you toilet paper to shut you up up. We're going to need another pound of peanut butter, buddies. So Jack, what's the takeaway for our buddies over at Costco Apartments? Fixing housing requires 50 different solutions. Yetis, unaffordable housing is a problem for all 50 states. It's the biggest driver of inflation, of poverty, and of unhappiness.

They might even send you toilet paper to shut you up up. We're going to need another pound of peanut butter, buddies. So Jack, what's the takeaway for our buddies over at Costco Apartments? Fixing housing requires 50 different solutions. Yetis, unaffordable housing is a problem for all 50 states. It's the biggest driver of inflation, of poverty, and of unhappiness.