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Albert
3.4K posts
Albert
@ElsewhereCRE
Just another knuckle dragger who has to learn the hard way. Jumped into condo dev, storage, MH dev, & now land ent. Break out the tweed and crank up the creed!
Atlanta, GA Katılım Nisan 2020
158 Takip Edilen282 Takipçiler
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Final stop: Speaking of PDK!... the tour concludes at Downwind Cafe, a shabby and poorly-air conditioned bar and grill overlooking the airstrip, during which @HamptonPrezcott will provide a brief drunken lecture on how "the South will rise again" and @preston_holland will point out for us which plane belongs to the Nalleys and which belongs to Taylor Glover. x.com/PerrySolem/sta…
Perry Solem@PerrySolem
Just met one of my favorite new retwit locals so that we could lend each other old books about crazy dealmakers who captained large companies, gossip about our industry, etc and dine at a shabby old dive overlooking ATL's best private airstrip thank you @HamptonPrezcott !!
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3rd stop: Rollins headquarters. What is this? Hideous and located on a shitty, seedy stretch of town, this office is home to not just 'the Orkin man' but the origin of the Rollins' $13 billion family fortune. They donate to conservative politicians, have an O&G company, they've invested massively in commercial real estate, their name is on everything at Emory University, Childrens Healthcare, Lovett School, etc. Multiple Gulfstreams housed at PDK.
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100k followers. No more real estate content.
From now on, this account is focused on parenting advice, peptide stacks, courses, and vague posts about hustling.
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Most bizarre macro discussion is how “if the Fed hikes unemployment will spike” when so few people even work in cyclical industries anymore
The Fed could hike massively and unemployment is not going to increase in healthcare which is by far the largest employer
Mary Talley Bowden MD@MaryBowdenMD
Over the past 34 years, healthcare has replaced manufacturing as the top employer in the vast majority of states.
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@JakehellerAI Are you planning to bring them to the next World Cup game
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@MurrayHillGuy1 It’s too bad we don’t have any insight on how they use Venmo..
Lebron James
Michael Phelps
Erling Haaland
Usain Bolt
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Dinner with my college buddies last week
I threw my card down and sent the receipt to the group chat. 4 out of 5 paid me back within a few hours.
The last guy still owes me $120.
It’s been 3 days, so I texted him privately:
“Hey man, can you shoot me the money when you get a chance?”
At what point do you stop reminding someone and just accept you’re never seeing that money again?
What’s the move here?
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I think people are missing the real problem.
It's not actually about whether there will be mass unemployment... there won't be...
It's that the "new jobs" created for us to do will be increasingly abstract and distant from anything truly enjoyable or natural to our bodies and souls.
They will be things like... creating endless content to be consumed by the masses... infotainment and entertainment... leveraging vice... exploiting sloth... producing more unnecessary widgets... more distracting accoutrements to our daily coming and goings.
MTS@MTSlive
Dr. Mike Israetel on the economic fallacy he says explains why AI won't cause mass unemployment: "Once we have 4 billion robots doing labor in the world, which we're like orders of magnitude off of that currently, then we've just only doubled the human workforce." "From 1700 to today, we've 10 or 20x'd the human labor force. And, seemingly, the economy's not like, ah, we don't need any more people, that's enough. We could just consistently have better jobs and pay people even more money." "This idea that robots are gonna show up and all of a sudden we're all completely unemployed makes a technical fallacy in economics called lump of labor fallacy. It's the idea that all the jobs currently are the only jobs that could be." "Imagine in 1750, you're like, well, 98% of us work in farming, and then you come back from the future and you're like, you guys, 2% of people in the 1990s work in farming. It'd be like, so everyone's starving to death? Like, no, no, we're super fat, actually." @misraetel
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@fclife24 @MurrayHillGuy1 💯 Benchmarking the average persons habits against genetic specimens is retarded..
Guess what’s going to happen to the average guy when he tries to do what the sherpas do on their way up Mt. Everest?
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@MurrayHillGuy1 Jim from accounting does not need any carbs because he sits and does accounting all day
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Lebron James - eats lots of carbs
Michael Phelps - eats lots of carbs
Erling Haaland - eats lots of carbs
Usain Bolt - eats lots of carbs
Murray Hill Guy - eats lots of carbs
Jim from accounting - nah bro. You can’t have carbs man. All your body actually needs is meat and salt. That’s what our ancestors did.
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@innoc_bystander Ben. So glad to have you onboard, jumping right into it, as you may be aware, we have a MASSIVE need for capital. One might describe it as insatiable 🤪, which is why we’re all so keen to hear your thoughts on our situation.
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Now I feel safe……
unusual_whales@unusual_whales
Former Fed chair Ben Bernanke joins Anthropic's AI oversight trust
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@robbiehendricks Think the question in this neck of the woods is if that’s the new normal or if something’s gonna push values back in line with the cost of debt
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Albert retweetledi
@robbiehendricks @DallasAptGP Agree; however, playing devils advocate, which decision made repeatedly across time keeps you alive?
The future is much less certain than we allow ourselves to believe. Confidence bias is so strong it’s difficult to acknowledge in yourself
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@DallasAptGP I think that's a good way to frame it, Barrett.
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@moseskagan @BarryRoland19 Think retail is also a particularly fickle slice of CRE
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@BarryRoland19 Skill in RE tends to work around the edges (a little operational improvement here, a well-chosen exit time there, etc.)
But it's really, really hard to fight strong, sustained headwinds (in this case, interest rates and the general suckitude of LA) for years.
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My most-skilled real estate friend, who’s a developer and a GC, and knows the retail landscape and zoning code and local building code better than anyone I know, bought some retail in an “A” area about 6 years ago.
Renovated the space and everything.
Selling it for a 20%+ loss today.
Downward spiral since Covid.
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@blueprintsmb22 Who needs a job when you have The Zohran. Mon, job me.
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No job growth and people are so discouraged they are dropping out of the labor force. Got it x.com/byHeatherLong/…
Heather Long@byHeatherLong
JUST IN: A disappointing jobs report. The US economy added 57,000 jobs in June (below expectations of 115k). Hospitality jobs decline by -61k. Plus, April and May were revised lower by -74,000. The unemployment rate fell to 4.2% --> the lowest in a year, but mainly due to a big drop in people job hunting. The bad news = Wages aren’t keeping up with inflation. Wage gains were 3.5% in the past year, which is below ~4% inflation.
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@DadisFIRE @dougboneparth Just as the prophecy foretold, you can know you are right because there are no follow up questions
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@dougboneparth If youre actually curious, here is the answer: dadisfire.com/what-i-would-d…
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I hate these kinds of posts. Hate them. Hate them.
The person asking the question never ever cares about the answer.
I always think "Ill answer this....but what will you do with the answer? Will you learn? Nah....youre just seeking engagement".
I know Im right because there are rarely followup questions, its usually just assembly line replies if any.
Then.......you read the answers and it's just people wanting to be heard......and they're not.
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