Not bad. The real question is how they look in motion, though.
Buildings and roads aren't supposed
Shit... really?! Next you're gonna tell me I'm not supposed to be driving drunk, either!
I know buildings and roads aren't supposed to move, but in a racing game there will be occassion to move them on and off the screen, and to varying depths of field within. And nothing will scream "fake" faster than if the shadows and reflections don't move in tune with the perspective shifts.