Bert Klimer

@SullyCNBC Look how this moves the bar in real estate across the country, LA county is huge so even a few thousand people moving to certain other metros really moves the needle in their real estate markets

4 of the 5 largest declines were in Southern California. Love the state of my birth but man it’s so darn expensive to live there and the economy is tough.

@SinaiLawFirm @AtreidesAmerica @Cernovich Got a house right now..landlord is not a slumlord and keeps ir up...however tenants destroyed it and mold everywhere with no reasonable explanation. Heis about done with rentals and will sell youtu.be/6YeUlPa9hBE?si…

@AtreidesAmerica @Cernovich very few

Since 1/1/25 about one-third of my evictions were for single family home properties Half of those properties were sold after the eviction concluded. Almost all of the clients swore to never lease to another tenant again

@fuelinggood @ksufarmboy Manufacturers need to step up and offer them out of the gate, however it seems the Flex Fuel capable models are lagging for whatever reason. It's probably bureaucracy hindering this in many ways

@BKlimer @ksufarmboy Would love to hear your thoughts on how.

Why does everyone hate ethanol and biofuels? I see it as a way to keep rural America working, with the operation of the plants and the building of the facilities, as well as the farmers that raise the crop, etc. it gives the oil industry some competition. 🤷‍♂️

@fuelinggood @ksufarmboy Now would also be the time to encourage more flex fuel E85 capable vehicles there. #ethanol

@ksufarmboy We do quarterly reporting and believe it or not, most Americans support ethanol and biofuels. We focus on some loud voices. Here is our latest polling, very high. Headline is on E15, but lots of questions. Poll Finds Overwhelming Support for Expanding E15 to Lower Pump Prices

@ShamsCharania They've lost so many viewers and many aren't going to ever return, they've moved on. They've done 25 years of damage to their brand

The NBA presented three comprehensive anti-tanking concepts to its Board of Governors on Wednesday, with modifications expected to each before a formal vote in May, per ESPN sources. 1. 18 teams in draft lottery (seeds 7-15 in each conference) – flattened odds, with bottom 10 teams having an 8% chance, the remaining 20% odds distributed in decreasing order for 11 through 18, and and a lottery drawing for all 18 picks. 2) 22 teams in lottery using 2-year record (seeds 7-15, plus the four playoff first round exits in both conferences). Lottery teams would reach a minimum win total floor in each season, such as 25 wins. If a team falls short of the floor, it gets slotted to meet the floor. Top 4 drawn as part of lottery, as is currently. 3) 18 teams in a "5 by 5" lottery – bottom 5 teams have equal odds for the top pick, with lottery formed for picks 1-5. Bottom 5 teams have a floor at 10; those that fall out of top 5 get sorted in a separate drawing.

@jayparsons Institutional SFR purchasers some of them had their funding pulled back too.

The ROAD to Housing Act is already freezing up development capital -- and it's not even enacted yet. Build-to-rent developers say equity capital is essentially frozen, lenders are "pausing" on new projects, and new starts potentially imperiled. Much frustration not only with the 7-year exit requirement, but the sloppy nature of how Section 901 was written. Lots of confusion and open ended questions around whether projects started now would be grandfathered into exemption (pre-existing BTR is exempted from ban) or it'll be based on when a project is completed and receives certificate of occupancy. Bottom line: The ROAD to Housing is a supply killer for rental housing, and that means reduced options for renters unable or unwilling to buy a house.

#Huntsville Growth continues. The overbuilding of multi-family will continue to get absorbed rapidly: koat.com/article/census…

@2x4caster Any housing pick up would just further constrain this but that might take a while. Builders are still having a hard time and building less specs, the spike in rates hasn't helped them either. On the flip side America's housing stock ages and needs R&R

This is interesting to watch. We are not seeing any strength in the residential construction, a big piece of the flatbed market. Pallet market also retrenching. Fascinating disconnect. Furthers my view the AI boom is crowding activity in other areas, including resi construction

@texasrunnerDFW Let E15/Unleaded 88 roll out there. It is 50 cents a gallon cheaper in Ohio #ethanol

Living in Dallas does offer some advantages…

@SinaiLawFirm @morphius007 Do they get any set out fee for this service? Perhaps that alone might fund more. Of course this is also probably by design by the politicians too.

@morphius007 the county is not funding deputies

Do you want to know why rent is so expensive in LA? Why the application process takes so long? Why landlords want so much info from you? Here is a recent story: A family was referred to me for their eviction case. They were heading to a jury trial in one month and didn't have a lawyer, yet. They did all the paperwork and filing themselves, in-house to save on legal fees. And surprisingly, they did a great job. They filed the paperwork with LAHD. Gave proper notice to the tenants. I reviewed their paperwork and it was better quality than 90% of other eviction lawyers. I didn't see any viable way to dismiss the case on a technicality. As long as they were properly represented in trial, the family was going to win the eviction. They did everything by the book. Followed all the local rules. Gave all the necessary notices. The family told me the judge ordered the parties to mediate at the first court appearance. The family attended the mediation in court without a lawyer. The tenant was provided a lawyer by the city, for free. At the mediation the lawyer for the tenants offered this settlement: 1. 4 months to vacate the property 2. Cash to leave, paid upfront 3. Waiver of all owed rent 4. Sealed record They rejected the offer, of course. Why would they accept this? The family then asked me a great question. "What is our best case scenario with you in trial?" Based on my review, I gave them my most realistic estimate of the best case scenario in trial: 1. Both parties announce ready at the next trial date (1 month away) and trial takes 3 days. We win the trial. 2. Sheriff locks out the tenant 75 days after the trial. 3. about 110 days to possession. 4. Gave them an estimate cost for fees/prep time. 5. No viable collection of back rent, tenants had no assets. Obviously, this was the best case scenario. It could be worse. Trial can be delayed. While I was confident we are going to win, juries are unpredictable. This is where we had a surreal moment of collective clarity. The settlement offer they rejected is basically their best case scenario if they win the trial. This was not a coincidence. The attorney for the tenants asked for pretty much the same amount I quoted them for my fees. The lawyer for the tenants knew the family had to hire a lawyer for a jury trial. The lawyer knows it takes the sheriff 2-3 months to lockout after a judgment. The lawyer knows it's hard (and expensive) to collect against tenants with no assets. State and local government created a system in which cases take forever to litigate, eviction laws are extremely complex and technical, easy to dismiss cases, only one side has to pay a lawyer, and worst of all, possession enforcement takes 60-90 days instead of 5. And it's all getting worse. The leverage for the tenants is systemic. It's by design. Why would the tenants make any other offer? The landlords are left with no real options but a shitty settlement. There are no real choice. Even when you do everything right, you still lose. Tenants don't pay rent during evictions. They had no viable way to win the trial. There were no habitability issues. The landlords posted all the notices. Never raised the rent. Didn't retaliate. The landlords did everything right. And the tenants still win. The mother looked at me and asked "our base case in trial is the same as the shitty settlement offer? Are you telling me we should have taken the offer we rejected?" I didn't know how to respond.

@RickPalaciosJr On the flip side if inflation is going to show up in housing prices might make sense to buy now than if the prices inflate a few percent. That half percent bump in rate isnt that big when you look at that big picture

In less than a month, hope for a decent spring selling season has all but vanished in housing as oil spikes, rates jump, and inflation expectations reset higher. Can’t even get an adjustable-rate mortgage below 6% anymore.

@jayparsons @2x4

America's rental stock is aging. The median age of a rental unit is now 45 years old, the oldest on record, according to Harvard's Joint Center for Housing Studies. And that will likely have major implications on housing policy and trends over the next 10+ years. 1) We'll need more housing built, even in cities with no population growth, as older buildings become obsolete -- particularly those located in the least desirable parts of town. 2) We'll need to do a lot more value-add renovations, which will set up uncomfortable conversations and false narratives about the collision of affordability and building preservation. We often hear about the importance of preserving affordability, but we also have to preserve the physical integrity of these buildings, and that isn't cheap. Cynics call it "gentrification" even when it's done responsibility. But it's important to consider for this reason, in the words of Harvard in their report last week: "The aging housing stock has accumulated significant repair needs and requires investment to maintain adequate conditions. In 2023, 3.6 million renter households (or 8%) lived in moderately or severely inadequate housing, with multiple structural deficiencies like water leaks or large open cracks and holes in the floor or serious problems with electrical, heating, or other basic systems."

@RickPalaciosJr I could feel it a week or two ago with publicly traded builders pushing for sales that would close in March and throwing in all kinds of incentives

Through mid-March, homebuilder sales and pricing trends have underwhelmed. Not a great start to the spring selling season, with homebuilders we survey noting Iran/oil/rising interest rates becoming part of the consumer psyche for staying on the sidelines.

@2x4caster @NewsLambert The bigger problem here is population decline, no one to fill this excess inventory

@NewsLambert It's funny, no one ever wants to believe that debt fueled property busts are basically always a decade long correction process. But they almost always are, and China has been no different.

China's housing market has been undergoing a nasty correction since '22 Goldman Sachs: "If China follows the typical timeline of housing busts around the world, there might be another 10% drop in home prices ahead, and real prices may not bottom out nationwide until 2027" 🐼🏡🇨🇳

@miles_commodore The average African American in the US is 25% white. And since tomorrow is St Patrick's Day 38 to 39 percent of African Americans in the US have some Irish descent

Last year a black woman responded to a post I had about hard work. She said “it’s easy for you to say that, when you can just use your white privilege.” I was like “white privilege? I’m darker than you.”

@moseskagan Wait till they replace them with AI calls

The LA apartment brokers hiring untrained, poorly spoken, off-shore call center workers to cold call owners hunting for sale listings are doing serious damage to their reputations.

@mitchellvii Don't forget Cuba too, they will need a lot of US products and investment to rebuild as well. They've had 60 years of non-investment to where everything needs replaced or upgraded

So let's fast forward to 2 months from now. The war in Iran is long over and that terrorist nation is no longer a threat. Hamas and Hezbollah have been wiped out.  Gas prices have fallen below $2 a gallon. Stocks are back to their all-time highs. With the Iranian threat gone in the Middle East investment pours into the area. Rebuilding starts in Gaza. The US economy takes off as all of that newly onshored business starts hiring. And once again Democrats have nothing. I'm feeling pretty good about the midterms. Thoughts? ⬇️

@bavedikian @CaseyMericle NAR and their settlement created a lot of this

@CaseyMericle Hi my client might be interested in your property. What's the commission?

When they ask the commission split before having any other conversation

@JulieChangRE Vouchers fix the case of good vs bad school areas and probably also help gentrification a lot of areas and create value foe those owners

Those home values people hang onto because they are in a neighborhood with such great schools Not sure how relevant that is going to be in the next decade Oh and those young people you want to buy your house for top dollar even though you haven't maintained it nor updated in decades, well all those young people moved away because they weren't welcome in your neighborhood

@FreightAlley Sounds like the Realtor organization, they only cared about increasing their numbers regardless of quality because it meant more membership dues flowing to their ivory towers.

A decade ago, a CFO of a mega fleet told me I knew nothing about the industry because I called trucking a commodity. Commodities are priced based on supply and demand and truckload services are fungible between motor carriers - I.e. an orange truck provides the same service as a red one. It meets the classic definition. I think the root cause of the ATA’s campaign to a promote a truck driver shortage is a failure to understand the basics of our industry: Capacity is a commodity and truck drivers are the only constraint. If you run a large operator, you want less competition, not more. The ATA should have been advocating for higher barriers to entry, not less.