Adam Huntington

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Adam Huntington

Adam Huntington

@Adventuring_RE

Real Estate and Finance since 2012 - Urban Planning & Development USC - Realtor, Investor, LoanOfficer - Historian/Futurist/Part-Time Comedian

San Diego, CA Katılım Ekim 2023
246 Takip Edilen21.9K Takipçiler
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Adam Huntington
Adam Huntington@Adventuring_RE·
🚨"Poop Water" Follow Up aka "Toilet to Tap" aka "The Pure Water Project"... Notice how they name everything the opposite?💩 Thanks to @LukeSlywaker one of SD's best Indy Reporters! The Word on the street is that everyone involved is extremely nervous now that attention is being attracted to the biggest boondoggle in San Diego History. "Largest Infrastructure Project in San Diego History" will most likely never come online.
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Clandestine
Clandestine@WarClandestine·
The timeline is forming: -Trump secures 2026 midterms -US has legitimate election -Dems get massacred -American public see that the Dems’ popularity is an illusion propped up by fraud and propaganda -Mass public awakening -American public demand accountability -Game over
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Luke Slywaker
Luke Slywaker@LukeSlywaker·
Matt Baker @slave_2_liberty and I ran into the City of San Diego mayor @MayorToddGloria today at the OMBAC Over The Line Tournamemt. This was our interaction with him today at the event. Things at this event avoid being political or religious, but they allow 45 seconds. We did our best to stay within the rules
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Adam Huntington
Adam Huntington@Adventuring_RE·
Interesting analysis that omits the massive levels of fraud, deferred infrastructure maintenance, exploding street crime, and energy costs. The "experts" somehow always find a way to not talk about the disastrous policies or fraud with Democrats.
Robert Brown, MSRE@multifam_VTIGUY

My response to this article: Cleanest description of San Diego is: unaffordable, illiquid, supply-constrained, & still supported by enough wealthy buyers to prevent broad price discovery downward. Low volume means buyers and sellers disagree and neither side is compelled to act. It does not tell you which side will ultimately move. The Great Recession comparison is especially misleading. In 2008 there were forced sellers, bad underwriting, negative equity, foreclosures, & excess inventory. Today there is substantial equity, predominantly fixed-rate debt, & insufficient inventory. Similar transaction counts do not mean similar financial conditions. A metro median-income model is particularly weak for oceanfront and prime coastal property, where the marginal buyer often has substantial equity, inherited wealth, business income or cash unrelated to San Diego’s median wage. My base case is not a 25% nominal correction. It is continued low turnover, highly selective buyers, and mostly flat to low-single-digit nominal appreciation while incomes and inflation slowly repair affordability. Five years of flat nominal pricing with 3% inflation equals roughly a 14% real decline, without homeowners ever seeing a dramatic nominal crash. For my portfolio, this reinforces my existing strategy rather than changing it: underwrite current financing costs, realistic capital expenditures & a flat-to-wider exit cap, treat any rate decline as upside, reduce floating-rate debt, & retain scarce assets with favorable fixed financing with continuing to invest in $VTI. The bigger plausible risk is several years of mediocre real returns & weak liquidity, not a forced 25% coastal repricing. "California home prices must fall for sales crash to end sandiegouniontribune.com/2026/07/13/cal… "

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Robert Brown, MSRE
Robert Brown, MSRE@multifam_VTIGUY·
My response to this article: Cleanest description of San Diego is: unaffordable, illiquid, supply-constrained, & still supported by enough wealthy buyers to prevent broad price discovery downward. Low volume means buyers and sellers disagree and neither side is compelled to act. It does not tell you which side will ultimately move. The Great Recession comparison is especially misleading. In 2008 there were forced sellers, bad underwriting, negative equity, foreclosures, & excess inventory. Today there is substantial equity, predominantly fixed-rate debt, & insufficient inventory. Similar transaction counts do not mean similar financial conditions. A metro median-income model is particularly weak for oceanfront and prime coastal property, where the marginal buyer often has substantial equity, inherited wealth, business income or cash unrelated to San Diego’s median wage. My base case is not a 25% nominal correction. It is continued low turnover, highly selective buyers, and mostly flat to low-single-digit nominal appreciation while incomes and inflation slowly repair affordability. Five years of flat nominal pricing with 3% inflation equals roughly a 14% real decline, without homeowners ever seeing a dramatic nominal crash. For my portfolio, this reinforces my existing strategy rather than changing it: underwrite current financing costs, realistic capital expenditures & a flat-to-wider exit cap, treat any rate decline as upside, reduce floating-rate debt, & retain scarce assets with favorable fixed financing with continuing to invest in $VTI. The bigger plausible risk is several years of mediocre real returns & weak liquidity, not a forced 25% coastal repricing. "California home prices must fall for sales crash to end sandiegouniontribune.com/2026/07/13/cal… "
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Luke Slywaker
Luke Slywaker@LukeSlywaker·
In the last election, San Diego was given the option to vote for or against Meaaure B, to allow the City of San Diego to start charging for trash services, which were paid for by revenue collected with property taxes since the early 1900s. They were able to deceptively word the measure on the ballot well enough to get a majority of voters to agree to vote against their best interest, and so the measure passed. Today we stopped by the storage yard where the 400,000 perfectly functional trash bins are being collected, as every household is required to purchase new ones under the new policy. With @slave_2_liberty
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Adam Huntington
Adam Huntington@Adventuring_RE·
In fact... I do. I was beaten with an LAPD Baton for storming the field my senior year after beating UCLA... I was like, Wtf are these Rodney King idiots doing beating college students on our own field? I got that bitch's handcuffs framed after getting away. Bitch fell on her face trying to keep up w my on-field jukes. 🤗
Tall Tales from a POG@TallPog

@Adventuring_RE Remember when SD popo would not think twice bout kicking your ass. Now they are like…you are free to go destroy the city. Unbelievable

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Adam Huntington
Adam Huntington@Adventuring_RE·
@tshirtwoman19 Great game! Queers were smeared. The USA was not GAY in the media and everywhere outside of a normy's home.
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Adam Huntington
Adam Huntington@Adventuring_RE·
@tshirtwoman19 It went like this I think... she was a pear bodied flat-top lady in 1999. 🏳️‍🌈
GIF
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Destiny Rezendes
Destiny Rezendes@dezzie_rezzie·
Massively insulting, X. $50 Okay, bet. Say less.
Destiny Rezendes tweet media
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Wesley Morgan
Wesley Morgan@WesSDCali·
Should San Diego County slow down on apartment construction? Never thought I’d be so aligned with @markkersey @sdcta . For-sale units also keep residents in their communities longer rather than moving every couple of years.
Wesley Morgan tweet media
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