UndercoverBroker

4.9K posts

UndercoverBroker banner
UndercoverBroker

UndercoverBroker

@CREAnonymous

Running corporate accounts globally, pushing paper and landlord concessions since 2007, not a media account

Deal City, USA Joined Mart 2023
228 Following3.6K Followers
UndercoverBroker
UndercoverBroker@CREAnonymous·
@moseskagan Prop 13 has created some insane inefficiencies in CA in NNN properties, particularly industrial, as LL’s often do get higher rents, but tenants rarely get prop 13 protection, so if that LL sells the building day 1, the rent premium is no longer justified.
English
0
0
1
36
Moses Kagan
Moses Kagan@moseskagan·
Want to clear up this common misconception about commercial leases. It is true that NNN leases put responsibility for paying property taxes on commercial tenants, and that increased property taxes will initially be passed through from landlords to tenants. However, from the perspective of a tenant, there is no distinction between the base rent and NNN... it's all just $$$ out the door. If you increase the NNN charges, when it comes time to renegotiate the lease (or, before, if the increase in NNNs endangers the tenant's ability to remain in business), the tenant will certainly look to lower the base rent. Whether tenant succeeds or not will depend on supply and demand for similar commercial spaces in that market at that time. (Most likely result of increasing commercial property taxes, once all the dust settles, is that the least profitable commercial tenants go out of business and the space they occupied is re-developed for higher and better uses.)
Marcus Tullis Bobero@BankofBOB

@moseskagan @TomSteyer What’s particularly retarded about Steyer’s take is that the property tax costs are paid— usually directly — by the commercial property tenants. The actual theft is perpetrated by the state, to fund the influence networks of the political class.

English
13
0
60
16.9K
Barrett Linburg
Barrett Linburg@DallasAptGP·
Why isn't Elizabeth Warren yelling about this?! Tesla just published their latest safety data. Cars running Full Self-Driving have 1 major collision every 5.3 million miles. The average American car: 1 major collision every 660,000 miles. 8x safer. I drive a Model Y. 99% of my miles are on FSD. My odds of a major collision are 0.28% per year. If I drove the average American car? 2.3%. Over a decade that's 1-in-36 versus 1-in-5. And yet my $45K Model Y costs more to insure than a $90K SUV. The safest driving technology ever measured gets priced like a luxury risk. Middle-class families buying a Tesla to be safer are paying more for the privilege. That's exactly the kind of "system rigged against regular people" story Elizabeth Warren would normally be all over. But she won't touch it. Because it would mean giving Elon a win. It'll fix itself eventually.
English
133
234
2.4K
109.9K
Perry Solem
Perry Solem@PerrySolem·
was just told by a broker that Spartanburg-based George Johnson (currently owns Johnson Development Associates among many other ventures) has "10 Gulfstreams, one for each company"?
English
9
0
13
26K
StripMallGuy
StripMallGuy@realEstateTrent·
Been using ChatGPT for years, and finally downloaded Claude tonight. I asked ChatGPT to put together a comprehensive summary of everything it knows about me, and copied and pasted it into Claude. Holy smokes!
English
205
60
5.4K
1.9M
UndercoverBroker
UndercoverBroker@CREAnonymous·
Except - at the end of the day the W-2 had more money net of taxes. The business owner was able to deduct all of those things because he PAID for them. The tech employee has all of them paid for by the company and his expenses were significantly less. This myth is overplayed.
Mitchell Baldridge@baldridgecpa

Owning a small business is the best tax deal in America. And it's not even close. Two clients. Both made $1M last year. Client A: W-2 employee at a tech company. Client B: Owns a consulting firm. Client A's tax bill: $317K. Client B's tax bill: $180K. Same income. $137K difference. "What's Client B doing?" S-Corp election. QBI deduction. Solo 401k. Home office. Business travel. Health insurance deduction. Client A gets... the standard deduction.

English
0
0
4
300
UndercoverBroker
UndercoverBroker@CREAnonymous·
This should just say: Would you like to pay an extra $3.99 or have your food totally suck?
UndercoverBroker tweet media
English
0
0
1
280
UndercoverBroker
UndercoverBroker@CREAnonymous·
Billion dollar idea Combo Spirit Halloween/For Lease Signs You’re welcome
UndercoverBroker tweet media
English
1
0
2
232
UndercoverBroker
UndercoverBroker@CREAnonymous·
@_sorci_ It has discouraged property sales because of the tax advantages of holding Investment in properties is discouraged as it triggers assessment New product taxed at significantly higher rates than existing housing - hard to compete with legacy owners Lowest turnover in USA in CA
English
0
0
0
22
Sorci
Sorci@_sorci_·
@CREAnonymous The primary issue is not enough new housing being built over decades. How has Prop 13 stopped new housing development?
English
1
0
0
11
UndercoverBroker
UndercoverBroker@CREAnonymous·
California's housing crisis wasn't an accident. It was engineered. A primary architect of today's sky-high housing costs is a 1978 law that has warped our market for decades: Proposition 13. Let's look at how it directly fuels unaffordability. 🧵 #Prop13 #HousingCrisis
English
1
0
6
547
UndercoverBroker
UndercoverBroker@CREAnonymous·
@realEstateTrent Have hired 3 new grads this year - the work is still there Kids think they are going to walk into $90k jobs with no experience
English
0
0
2
109
StripMallGuy
StripMallGuy@realEstateTrent·
Wait is this a huge widespread problem in America right now? New grads stuck and can’t find jobs?
StripMallGuy tweet media
English
1.2K
647
18.3K
5M
UndercoverBroker
UndercoverBroker@CREAnonymous·
Chat GPT is enabling the writing of longer emails in a world when people were already not reading their emails It is so obviously when people are using AI to write their emails - I personally like it, but do wonder if all customers feel that way
English
0
0
0
601
UndercoverBroker
UndercoverBroker@CREAnonymous·
For over 40 years, Prop 13 has subsidized one group at the direct expense of another, broken the supply-and-demand cycle, and inflated a catastrophic housing bubble. The question isn't if it has hurt California's housing market, but how much longer we can tolerate the damage.
English
0
0
3
187
UndercoverBroker
UndercoverBroker@CREAnonymous·
The damage extends for generations. By making it nearly impossible for young people and new residents to buy, #Prop13 has entrenched intergenerational wealth and slammed the door on those who weren't already on the property ladder decades ago. It's a key driver of CA's inequality
English
1
0
1
204
UndercoverBroker
UndercoverBroker@CREAnonymous·
*HELP* Woke up today and lost 20 years of contacts, clients, friends, everything = 💨 I already reset it to an old iCloud backup - not there Any idea or suggestions would be awesome
UndercoverBroker tweet media
English
0
0
2
921
UndercoverBroker
UndercoverBroker@CREAnonymous·
Brokers out there - this is also the same when any client includes you on an email to their attorney or asks you a question, it breaks privilege If a legal conversation is getting hairy, it’s in the best interest of your client to remove yourself from that conversation
Creative Counsel Law@creativeatlaw

Sam Altman just confirmed what lawyers have been saying for over a year: There’s no legal privilege when you use ChatGPT. So if you’re pasting in contracts, asking legal questions, or asking it for strategy, you’re not getting legal advice. You’re generating discoverable evidence. No attorney-client privilege. No confidentiality. No ethical duty. No one to protect you. It might feel private, safe, and convenient. But lawyers are bound to protect you. ChatGPT isn’t—and can be used against you.

English
0
0
1
695

Discover

@moseskagan @DallasAptGP @PerrySolem @willowdesk @realEstateTrent @_sorci_ @elonmusk @BarackObama