BrickBravio

@ThePosieParker Is “not point 6 percent” 6% or 0.6% in normal people speak?

This is a sublime take down of Gary’s “economics”.

Well, guess we all have to go back to pretending to wfh and playing warzone all day

@jimbelosic Can I help you? -bored industrial real estate exec

I'm back in Reno after a few days of visiting customers. Holy shit, I'm pumped. Now is the time: I’m building the largest, fastest, vertically integrated manufacturing company in North America. Full-scale contract manufacturing that is accessible to EVERYONE. - speedy like a startup - millions of sq ft of capacity - all the capabilities you need - world class UI/UX/service/support - High mix, low volume - High mix, high volume - Low mix, low volume - Low mix, high volume America is manufacturing again, and I'm gonna provide the engine. Fuck it, we ball 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

@Schuldensuehner Doesn’t this just prove that solar leads to massive overproduction during the time of day when it is least necessary?

Good Morning from Germany, where electricity prices are now regularly falling below zero around midday. On May 1, they even dropped to the floor at -49.999 cents per kilowatt hour. The reason is simple: we are generating more solar power than we can use or store. As a result, Germany has to cover the gap between these negative market prices and the guaranteed feed-in tariffs paid to producers—an expensive outcome. These prices are a clear indication of the utterly disastrous energy transition.

LFG

I adopted signing off emails with "Thank You" a while ago. Thank you for your attention and time...etc. I'm always dealing with frustrating tenant situations and I'm wondering how my life might be different if I change it to "F You". Just set the tone for all negotiation.

@PCurmudgeo63979 @Geiger_Capital I am also against my neighbor being robbed despite it not affecting me…

@Geiger_Capital To the people commenting “this isn’t going to affect anyone in the comments”, try to think more than one day in advance. This sets a precedent for future taxes. The state has already proven to be atrocious at managing tax dollars. Do you honestly believe this improves things?

The California wealth tax is not on income… It’s 5% of your net worth. It’s state seizure of private assets. This is now on the ballot and likely to pass. Realize where we are.

My CVS started locking up the deodorant this week. Guess I have to move now.

Point being, you don't need AGI. You don't need a thousand automated agents. Maybe the first step is just slowing down and understanding how Claude can help you do what you're doing right now. Hoping to share a bit more of this as I learn. Truly the best software I've ever used.

I'm superhuman now. On Friday I spent additional time on an major Build-to-Suit LOI after Claude helped me organize staff roles and goals. Again, in the past I would've chosen one or the other. One would've dragged, slipping into the next week.

Claude is a game changer for CRE. Good Real Estate Operators are driven by data. The better you understand the market you're operating in, the faster you can move. A thread:

@TXpaintbrush Really good stuff. Acquisitions teams can really get themselves in trouble when they start to justify everything with biased data.

In case anyone wants to see what a value trap multifamily pocket can look like with generic free census data, see below for pretty color-coded images. This is what an acquisitions analyst should be able to show you from the 30k foot view when evaluating a deal. Drive time isochrones > concentric mile rings, always. This is closer to how actual humans flow around a real-world area. This map is centered on Vickery Park, which is the first on the list in my article. Inside the red 5min drive time, there are 7 census tracts that are color-coded very pale white. Their median household income of each of these tracts have values between $29k - $44k. If you own on a street in any of those census tracts and you are trying to push rents up, you will have a very bad time. If you buy a deal based on the 3mi / 5mi / 10mi concentric ring story and think median incomes of $100k+ looks great, you will have a very bad time. You acquisitions analyst should also be looking at census tracts to determine which ones are renter vs owner tracts. You can quickly see how the census tracts seemingly nearby that could beef up any local median household income stat are almost all predominantly where people own. Not renters. Not your renter demographic pool. Household median income stats - by themselves - is effectively a meaningless metric for multifamily acquisitions for all areas. (Except where you have renter-by-choice locations.) If you're an LP, I would hope your GP is steering you around the value traps in the MSAs they're buying in. However, you don't have to just hope and pray. You can check their work. This is all 100% free software libraries and data.

@RidgeandFrost @SophyRidgeSky @WilfredFrost Got 3 daughters and a great wife. 4 women think I’m awesome. Boom. Just doing my part.

A new poll from Merlin Strategy for the New Statesman has uncovered that only a third of young women hold a positive view of men. Pollster and Director of Merlin Strategy Scarlett Maguire takes Sky's @SophyRidgeSky and @WilfredFrost through the results

@purplepingers Alright we’ve designed this great new house. We need a bunch more for all these successful new grads. What’s the budget you say? Oh it’s 95 cents just to make sure we can sell it for $1. I know it’s a little greedy to collect 5 cents but I’m hoping for some bread for my kids.

@eurofounder @FUDdaily Damn, seems like many sarcasm meters aren’t working today

We did it. With Europeans in charge, Strait of Hormuz will be open in just 4-6 months, following a climate assesment and a summit in Davos

Why do I feel like I’m in a constant fight to keep my timeline from becoming political slop and doomerism?

The meeting could have been an email. The email could have been a Slack message. The Slack message could have been silence because the answer was already in the shared drive. But instead, 6 people blocked 60 minutes to watch someone read a slide deck out loud.

@spencertbarber Been growing a vertically integrated RE dev company for 5 years. Some make a lot of sense to integrate because those profit centers are worth it. Some, like property management, seem like a distraction and are better outsourced. IMO of course.

What’s the consensus on vertical integration vs. horizontal expansion? I’m not a business major (not any major, actually), so I didn’t understand this concept until yesterday. I’m currently working on expanding vertically again, and I realized I’ve naturally leaned that way my entire career. It’s always felt safer to me.