تغريدة مثبتة
illiquid
206 posts
illiquid
@illiquid__
Musings on (mostly) real estate and private equity
انضم Ocak 2022
102 يتبع22 المتابعون
Remember folks, renderings are not always reality
Nebraska Huskers@Huskers
Setting a new standard for multi-generational success. 🏟️ go.unl.edu/fuko
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@TheRealEstateG6 @mf_drew_ Lowkey happy we got a correction so every beta / leverage investor quit thinking they were Jon Gray
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@mf_drew_ I started my business in 2021 and have made a ton. Obviously bad timing but heavy skill issue for the people who haven’t made money
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All depends on the cycle. Anyone who started in real estate this decade could’ve been working up to six years now and made zero dollars.
The Real Estate God@TheRealEstateG6
Thing you have to realize is if you block out the noise and work hard for 5-7 years on a real, scalable business you're pretty much set for life Years 1-2: Chew through concrete, broke Years 3-4: Typically big break Years 5+: Scaling Multi-million dollar business at minimum
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@IlliquidInsight Yep. Have to be able to add value on both top line and margin
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@illiquid__ Operating skills actually matter now that multiples aren’t constantly expanding
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PE never had to separate alpha from leverage + duration + illiquidity premium. The bull market made that analysis unnecessary. The next 5 years will
Illiquid Insights@IlliquidInsight
Vintage matters. PE & credit struggles are mostly from the ‘21–‘23 bubble. The correction is from dealing with these bad vintages.
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@illiquid__ @chitribopinions Unfortunately the city can’t declare bankruptcy. It’s gonna be rough
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Letters: Chicago city government should stop offering pensions and shift to a 401(k) plan chicagotribune.com/2026/04/18/let…
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The 2026 NBA Draft Lottery odds for the No. 1 pick are set:
1. Wizards - 14%
2. Pacers - 14%
3. Nets - 14%
4. Jazz - 11.5%
5. Kings - 11.5%
6. Grizzlies - 9.0%
7. Hawks - 6.8% (NOP swap)
8. Mavs - 6.7%
9. Bulls - 4.5%
10. Hawks - 3.0% (MIL swap)
11. Warriors - 2.0%
12. Thunder (via LAC) - 1.5%
13. Heat - 1.0%
14. Hornets - 0.5%
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@TheRealEstateG6 Yes, also have to make sure you’re playing the right game tho
I’d rather have 0.0001% of Google than 100% of nothing
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Thing you have to realize is if you block out the noise and work hard for 5-7 years on a real, scalable business you're pretty much set for life
Years 1-2: Chew through concrete, broke
Years 3-4: Typically big break
Years 5+: Scaling
Multi-million dollar business at minimum
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A quick framework for investing in CRE:
- Develop when existing assets trade above replacement cost (more likely in markets w/ great fundamentals)
- Buy existing assets when they trade below it
After accounting for execution risk (the million different things that can go wrong in development), VERY few projects make sense at the moment (mostly luxury ish positioning)
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Dianna Russini mounts daring rescue of elderly man, dog trapped in car crash a week after Mike Vrabel scandal trib.al/7IsS3Ph
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illiquid أُعيد تغريده
@dirtcheapbanks Fidelity’s best performing accounts all belong to dead people
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My lawyer called to update his will and mentioned he's buying a lake house with dividends from some bank stock his grandfather left him. Looked it up, $42M market cap, 0.6x book value, been paying the same dividend since 1987. His dead grandfather is better at this than me.
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In Manhattan today and no one wears bit loafers anymore.
No Gucci loafers, not even Allen Edmonds.
All just shoes & comfy dress shoes.
What happened to the game I love?
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If you insist on driving down for a Cubs game I am begging you to slow the fuck down on the side streets because people do, in fact, live here and speed limits exist for a reason.
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extremely underrated city…
1) Young energy
2) Cheap
3) Basically all sportsbooks are legal
4) tons of stuff to do outside
5) Not janky like LA
Etc
I’m glad I lived here for 10.5 months
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@UrbanCourtyard @JBPritzker Fix the balance sheet and property taxes and supply will come
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In his address on housing, @JBPritzker urges us to take a high agency, anti-fatalistic attitude toward housing crisis, and quotes Shakespeare’s Julius Caesar: “The fault, dear Brutus, is not in our stars, But in ourselves” (don’t blame fate for housing crisis, blame ourselves for not taking action, and take action)
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$3,300 PSF would be an extremely expensive cost for luxury high rises in NYC
Boris Wertz@bwertz
We have a winner: Mamdani's Mart tops the list! @NYCMayor
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Almost everyone who visits Central Park arrives by foot, and nearly everyone will drive to this park. Parks only accessible by car are so taboo imo.
Dallas Texas TV@DallasTexasTV
City of Frisco breaks ground on 1,000 acre park, will be larger than New York’s Central Park
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