John Hopkins

@feelsdesperate Net public benefit is not the point of why they’re creating the grocery store

Grocery stores have been ‘solved.’ They’ve been solved. Anything with a 2% profit margin is solved. Maybe you could wring some more efficiency on an industry level with improved logistics but that’s going to an incredibly complex technical endeavor above the pay grade of municipal government. That’s why the ‘public grocery stores’ are such a good example of Dem Soc silliness. They’re a political set piece with ~0% chance of any net public benefit and an extremely high likelihood of wasted resources and opportunity costs.

@TorkWhisler I just replaced a washing machine that was 3 years old. This was after I paid a repairman $125 to tell me he couldn’t find anything wrong with the first one. Just didn’t clean anything anymore.

The appliance guy told me five years is pretty good on a washer. Five years. I bought it in 2019 and the bearing is molded into the drum so you can't just replace the bearing. You replace the whole drum for $900 or you buy a new washer for $985. The refrigerator from 1989 sitting in my garage has never been serviced and runs like a top. That's your product quality report, folks.

@AtlRey @ThomasEWoods Zero chance he’s a billionaire tbh

I did some digging on Mark Lynch - the guy Trump called a “lunatic.” • Billionaire businessman • America First • No AIPAC funding • Critic of L. Graham’s warmongering Meanwhile, Trump praised and endorses NEOCON Lindsey Graham. Interesting, to say the least. Thoughts?

@shelovesore Was thinking this in Church today!

I’m sorry, genuinely asking but i thought Jesus died on a Friday afternoon. Going by that and the fact that he resurrected 3 days after, aren’t we meant to be celebrating Easter on Monday and not Sunday?

1.95 is the new 6.15

Fiat money not only destroys savings and financial security, it also raises time preference and makes you more likely to ruin yourself

@arctotherium42 What book is this? Is it any good?

I forgot just how insane the NYP Hunter Biden laptop story censorship was; it wasn't just suppressed you couldn't even send DMs about it on Facebook and the New York Post itself was banned from Twitter for posting a link to their own, true story.

@mitchdmoore Are you saying you want people’s bitcoin?

Talked with another gentleman yesterday who is ready to quit bitcoin. Class of 2017. Solid stack. Over 50% of his liquid net worth. Anyone else feeling this way?

@RepNancyMace You’re more needed in Congress!

Just walked out of a House Armed Services briefing on Iran. Let me repeat: I will not support troops on the ground in Iran, even more so after this briefing.

During Hurricane Helene, when nobody had power in Greenville except a few places along Woodruff Road, I went to Yardhouse to watch the Clemson game. They had it on one small TV (out of about 20). I thought the boomer wearing orange who realized he wouldn’t be watching the Tigers was going to have a stroke. Head bartender was a woman who had moved from California about 2 years prior. Yes, she did have blue hair.

@RokoMijic He was the one guy who rallied them to fight. Greatest example of leadership from the 20th century.

Churchill single-handedly destroyed the British Empire and possibly European civilization as a whole

@scotus_wire Glad they can get her in the game every once in a while so she can feel like part of the team.

Justice Jackson delivered the opinion of the Court. Read the ruling here: supremecourt.gov/opinions/25pdf…

🚨 The Supreme Court unanimously ruled that federal courts must defer to immigration agencies when deciding whether facts qualify as “persecution” in asylum cases, applying the substantial-evidence standard rather than reviewing the issue from scratch.

@johnkonrad Hey I read about this in @PeterZeihan’s book a couple of years ago.

This is potentially the biggest Iran story nobody is talking about: the global insurance market may be heading toward a systemic crisis. Here’s why… Most people don’t realize London isn’t just a financial center it’s THE center of global insurance. Lloyd’s underwrites ~40% of the world’s marine cargo. Ship sinks, port gets bombed, canal gets blocked the bill lands in London. This is why the UK punches above its weight. Not the Royal Navy. Not diplomacy. Insurance. Control insurance, control trade. And London doesn’t just control the 90% of global trade that moves by sea. Lloyd’s and the London market are major insurers of almost everything skyscrapers, factories, ports, satellites, entire supply chains. You can’t participate in public markets or raise large amounts of capital without insurance. Now, the normal playbook for war risk is repricing, not cancellation. Canceling coverage entirely is a massive escalation in underwriting posture. It signals something beyond risk, it signals uncertainty so deep the underwriter can’t even price it. The question everyone should be asking: why? Why not just jack up premiums and make a fortune off the crisis like they did in the Black Sea off Ukraine? To answer that, you have to understand WHY London has maintained a stranglehold on global insurance while losing nearly submarket related to ships. The answer: better intelligence. It is no coincidence that MI6 headquarters sits directly across the Thames from the @IMOHQ, the world’s maritime regulator & a short distance from Lloyd’s itself. I have no proof of a direct pipeline, but it has long been speculated in the industry that intelligence flows from MI6 to Lloyd’s. Having the best intel in the world would be the single greatest competitive advantage any insurer could possess: the ability to price risk that competitors can only guess at. Here’s the problem: the majority of MI6’s intel doesn’t come from its own agents. It comes from Five Eyes the alliance comprising the US, UK, Australia, Canada, and New Zealand. And within 5Eyes, the dominant partner is obvious. The CIA, NSA, NRO, etc generate the lion’s share of intel. So if Lloyd’s pricing advantage flows from MI6, and MI6’s best intelligence flows from the US… what happens when that data pipeline gets throttled? All indications are that @Keir_Starmer was blindsided by the size and scope of the US/Israel strikes on Iran this weekend. That alone tells you something about the current state of transatlantic intelligence sharing. And we know there has been serious anger in Washington over the UK’s decision to sell Diego Garcia, home to America’s most strategically important base in the Indian Ocean, to Mauritius. It is not a huge leap to conclude that the submarine cables linking Langley to London have gone dark, or at minimum have been significantly throttled. What this means for UK national security is a question for the Brits. But what it means for EVERY company globally that’s insured through the London market has massive implications for the entire financial system. Because most large insurers worldwide don’t do independent intelligence work. They index off Lloyd’s rates. If you’re insuring a skyscraper in Tokyo, a semiconductor fab in Taiwan, or a port in Argentina you get a Lloyd’s quote, then shop that price around. Other insurers see Lloyd’s number and assume the diligence was done. They price accordingly. This means if London is suddenly flying blind it’s not just Lloyd’s policyholders at risk. It’s the entire global reinsurance chain. The cancellation of war risk coverage on ships isn’t the crisis. It’s the canary. If this hypothesis is correct, we could be looking at a systemic repricing event across global insurance markets…. the kind of cascading uncertainty that defined 2008 and COVID. Watch Lloyd’s. Watch reinsurance spreads. What Five Eyes. That’s where this story, and possibly Wall Street, breaks. CC @BillAckman

@dig_deeper1 Competition for the loan

Why would a lender agree to a non recourse loan, why not do recourse loans all the time ?

@Woodcutcc @handre How about you clarify for those of us not in the know, champ.

@handre For those in the know, this picture is why the banks were allowed to die:

In 2008, Iceland did something unthinkable: they let their banks die. While America scrambled to save "too big to fail" institutions, this tiny Nordic island told their three largest banks to pound volcanic sand. The immediate aftermath was brutal. The krona collapsed 50% overnight. ATMs ran dry. And the entire country—population 320,000—found itself effectively bankrupt on the international stage. But here's the twist no economist saw coming: Iceland recovered faster than any other crisis-hit nation. By 2012, their economy was growing again while Europe wallowed in endless bailout cycles. They jailed 26 bankers, restructured household debt, and rebuilt from actual ground up. Meanwhile, we're still dealing with zombie banks propped up by endless Fed liquidity injections. Sometimes the "radical" solution is just letting capitalism work.

@zivdotcat How can I stop having the algo serve me up this guy’s ads?

pov: Realizing that if you had followed this guy 6 months ago, you would be a millionaire by now

@GenZMultifamily Ohio hasn’t figured that one out yet???

@JohnHopkinsSC Likely won’t happen since I’ll do an entity transfer but account for it anyways.

Are you doing this deal for $525,000? 2025 financials- Rent- $78,800 Expenses- $28,000 NOI- $50,800 Can bump up rent to $88,000 with no renovations. Curious to see how others would see these numbers.

@robbiehendricks @redwood_ryan_a This would be the thing that jumps out at me, if I had to critique it based on what you’ve posted. MHPs are great assets. Make sure you put these in a separate LLC. Your value is the pads. PADS.

We recently acquired a 300+ pad, 3rd gen-owned MHP in an A+ market. Plan is same as apartments: Connect w/each resident, share the plan Invest $5M into park to: Remove abandoned homes Renovate dated homes Power wash everything Landscaping overhaul Add amenities Build best-in-class community Then: Get it to 95% Cash-out refi, return 75-100% LP capital Operate with excellence Cash flow forever Residents are elated that we’re managing the asset now. The key is sharing the plan with them immediately and demonstrating our commitment to investing heavily into their community to make it best-in-class. No more absentee mom and pop ownership, no neglected grounds, no more lack of enforcement. When residents know you’re there to deliver value and improve service, 95%+ completely understand the need to incrementally increase rent to offset the investment. In this case, residents were overjoyed because they thought we were going to demolish the site and sell out to a luxury builder. Homes in this market go for $1M+, and we could have done around 100 lots. Instead, we’re revitalizing the last bastion of affordable living/home ownership that exists in this submarket. Going to be a hell of a project when it’s all buttoned up.

@credealjunkie @robbiehendricks California is #1 MHP market

@robbiehendricks “MHP in an A+ market.” The California mind cannot comprehend