Stuart Allan

@Indiecom2 @BetterBlocksNJ @NickZurawski Right, but one of the biggest expense drivers in NJ is taxes (passed through in rent to renters). Upzoning, especially to Condos, greatly expands tax base with minimal resource/city service uses.

@BetterBlocksNJ @NickZurawski 1,000-unit bldg w/ 15% affordable = 850 expensive. Calling it a solution misleads. To be clear: the city may be progressive, YIMBY ideology isn’t, it prioritizes market expansion over affordability. Upzoning increases land value & pushes prices UP on the 850 units, not down.

Nobody does a better job putting numbers in context than Nick Zurawski. Shaving 12 stories off a high rise as a “compromise” to appease rich condo owners next door means millions less in tax revenue for the city and 100 fewer people get off the affordable housing waiting list.

@BoringBiz_ @Get_Cedar SOLVES THIS!

This NYT article is an absolute joke Call it for what it is They are not choosing. They are forced to because they cannot afford to otherwise We have completely priced the younger generation out of housing and family formation History will not look back at us kindly

@polozov We have a private market solution invented in NH! @Get_Cedar reduces the cost of homes by ~65%. We partner with homebuyers to buy the land while they buy the house (+ 99yr land lease). Live in the house you want now, upgrade by buying the land at a fixed formulaic cost whenever

Fixing New Hampshire’s housing shortage? The old approach (right column) relied on taxpayers funding various housing subsidy programs and “slash funds.” The new approach (left column) cuts those expenditures while streamlining permitting processes and easing excessive zoning restrictions. A speaker at the [radical left business conference] hopes the NH legislature will revert to the old approach. I hope not.

@VerMemeIstan @polozov We have a private market solution invented in NH! @Get_Cedar reduces the cost of homes by ~65%. We partner with homebuyers to buy the land while they buy the house (+ 99yr land lease). Live in the house you want now, upgrade by buying the land at a fixed formulaic cost whenever

I totally agree with Rep. @polozov! The path to solving the housing shortage is less government, not more.

@Jacob_Naviaux @jonbrooks With @Get_Cedar you can get that 4000sqft house AND live within your means. We reduce the cost of homes ~65% . We buy the land, you buy the house. Buy the land whenever at a formulaic rate. Essentially live in a house you want now and the "upgrade" is buying the land later

@jonbrooks People need to learn to live within their means. May not be able to get that 4000sf house like you want to with your $150K annual income.

Only 17% of Americans say it’s a good time to buy a home. That’s one of the lowest readings ever recorded. People want to buy. They just can’t afford the payment.

@jonbrooks That's where @Get_Cedar comes in! We reduce the cost of homes ~65% making them affordable. We buy the land, you buy the house. You an buy the land whenever at a fixed/formulaic rate. Essentially live in a house you want now and the "upgrade" is buying the land later

@TheBrokeAgent @nowbammedia We got you @TheBrokeAgent ! @Get_Cedar reduces the price of homes by ~65% so you can buy the home you want now and stop renting and start building wealth. We buy the land, you buy the house, you can buy the land whenever you want at a fixed formulaic price.

@nowbammedia I'm 36 and I've rented 6 apartments in the last decade. I'm finished.

People who buy their first home by age 30 end up with about $119,000 more net worth by age 50 than those who wait until their 40s. That’s about 22.5% more wealth from additional home appreciation and mortgage paydown.

@TheBrokeAgent This is what @Get_Cedar solves! We reduce home price by up to ~65% so you can afford a home in your 20s. We partner with you to buy the land while you buy the house. Live in a home you actually want to live in now and buy the land later when you want at a fixed/formulaic rate.

Makes it sound easy

@JerseyCityTimes @SolomonforJC @BetterBlocksNJ any interest in this? Could find a no-cost vendor to the city to supply the tech to do this. Have a model - should raise (v. conservatively) additional $5MM of revenue (net of all costs inc. court/legal etc.) for the city and improve quality of live

@JerseyCityTimes We should have crowd sourced parking enforcement like NYC. Highly effective program and is legal in NJ (unlike red light cameras) as parking is not a moving violation.

"Congestion pricing and the expense of New York City parking have made Downtown Jersey City, with its lax enforcement, an ideal free parking lot for out-of-town drivers." jcitytimes.com/op-ed-parking-…

@nickgerli1 That's where @Get_Cedar comes in! We lower the price of homes up to ~65% with our residential leasehold solution. You buy the house, we buy the land. You can purchase the land whenever you want at a fixed/formulaic price.

Reventure's homebuyer demand index inched up this week to a 9/100. This index tracks pending sales, mortgage apps, internet searches for real estate, and buyer sentiment. A "normal" reading on the index is 50, a level which we saw before the pandemic. Note that while this index did improve, it's still near the lowest levels on record, and far worse than anything we saw in the 2008 downturn. With the only true solution being lower prices.

@rant_zine @unusual_whales @AmericaFirstist With @Get_Cedar we reduce that income to ~$70k to purchase a median home! Our co-buying product reduces the prices of homes up to ~65%. We buy the land, you buy the house, you can buy the land when your ready at a fixed/formulaic price.

Americans now need $111,252 in income to afford the median home. That's 46% more than the $76,020 needed to rent. 🤯 Let me explain why this number is devastating: > The median household income in the US is $86,000 > Meaning the median household earns $25,252 LESS than required to afford the median home > Even if you make median income, you're priced out Here's what happened: When mortgage rates jumped from 3% to 7%, monthly payments exploded. A $400K home went from $1,686/month to $2,656/month. Same house, 57% higher payment. Meanwhile rents stayed relatively stable. Monthly rent: $1,900. Monthly mortgage: $2,781. The math is brutal: Homeownership requires 46% more income than renting. The median family can't afford the median home. An entire generation is locked out of wealth-building. This is how you create a permanent renter class.

Americans now need an income of $111,252 to afford the median U.S. home, 46% higher than the $76,020 required to rent, per Redfin

@unusual_whales @Get_Cedar solves this! With Cedar you can buy a median home with an income of ~$70K. We lower the price of homes up to ~65% with our co-buying product. You buy the house, we buy the land, you can buy the land whenever you want fixed formulaic price.

@WifeFinance This is why I only eat @soylent + various supplements and invest the rest in @Get_Cedar land for a low risk 11% unlevered IRR w/ a 5% real yield.

I know a guy who buys groceries for his family. $850 a month. Every month for years. $850/mo invested at 8% for 30 years? $1,267,000. That meatloaf you eat today will cost you millions in the future.

@GeringerAdam Fantastic! With @Get_Cedar we'll buy the land for $~140K meaning this house is only $145K on a 99-year ground lease. You can buy the land anytime at a fixed formulaic rate (We just need our portion of the housing price appreciation).

A solid mid century fixer upper. Asking 285k in overlooked lake subdivision in a weird part of the research triangle

@BlackLabelAdvsr @BlackLabelAdvsr, @pitdesi with @Get_Cedar the home is only $350K as we'll buy the land for $650K and we'll give you a 99-year lease for the land. You can buy the land back whenever you want at a fixed, formulaic rate. Live in your dreamhouse now, upgrade later buying the land.

Don't be lazy. Move to Texas. This home is just 15 minutes from me in Dallas and is $350,000 for 4,000 sf. So many of your problems would be solved by moving here. Yet you complain about the moving process. Trust me, California sucks. I lived in San Diego for 4.5 years. You could not pay me to move back.

@ThomasFSwartz @eaconner Hey @ThomasFSwartz - might find our Cash-Out product useful at @Get_Cedar. Essentially we'll buy the land for ~55% of the total property price and do a 99-year lease (ground rent is 40% less than mortgage rates). You can buy the land back whenever at a fixed formulaic price.

@eaconner And so??? I am still paying $32,000 a year. My income has not quadrupled. Nor have city or school services quadrupled. The "listing" price of my house is simply irrelevant to how much I can afford to pay as an ongoing expense. This is the idiocy of basing taxes on assessed value.

This old bank building could have been part of a 12-story boutique hotel on the Newark Pedestrian Plaza but for NIMBY opposition. Despite getting a height and use variance, a nearby condo building sued. Jersey City’s budget demands more growth like this to ease the deficit.

@joaoninamatos Know you asked for non-US - curious on that answer as well. Best is NYC - wonderful horseback riding in CT and parts of NY State but still only an hour form the city! Greenwich and North Salem bridle trail networks are extensive and great.

Is there any top tier tech city, non-US based, where you can ride horses on weekends in open fields? Must be >5M in population

@boneGPT We can help! @Get_Cedar is a co-buying solution which is asset based and reduces home prices up to ~65%. Our lensing partners can do bank statement loans if you still don't qualify for a conventional mortgage

my business is doing 15-20k a month and i can't qualify for a mortgage i need to pay myself a higher salary for TWO WHOLE YEARS before i can qualify for one, tripling my tax burden might be smarter to keep renting

@NewsLambert With @Get_Cedar that's only ~$87.5K! Extremely obtainable

Housing affordability remains so strained that giant homebuilder Lennar continues testing how willing buyers are to go smaller Price: $174,990 3 beds 2.5 baths Sq ft: 1,360 Houston metro (Huffman, TX)