Kevin Romano

Jason Collins didn’t set out to become a trailblazer. He became one. It is a privilege to continue sharing my longtime friend Jason’s story with the respect and honor he deserves.

@fortworthchris The most interesting class I took in college was aboht this. Nearly everywhere in the world the north is wealthier. Cities, states, countries, continents.

There is only one city in the United States that doesn't grow north - Minneapolis-St. Paul, restricted by geography. Every other city in the country grows north. That's the framework Rex Glendenning has been using for 40 years to position himself in front of growth. People in Celina laughed at him 30 years ago for buying dirt in the boondocks. He plowed every dollar after taxes and overhead back into 40 and 50-acre tracts anyway. In this clip from this week's episode - the rule of thumb Rex says should be on the first page of every real estate book.

@RaoulGMI @winner_xbt @grok how much did he say?

@winner_xbt No I didn't

JUST IN: Raoul Pal (@RaoulGMI) said $SUI is worth $200 per token.

@follard I will say that I sat out 2008 both out of fear and lack of options and my personal take away is if you want to be in the biz you have to be in the biz. Adapt and right-size things and risk but you can't just take your ball and go home ... unless already worth a few hundred m

@Kevinromano140 Yes, I agree being in that position inherently allows you to be patient vs. others who are building a career and need to make things happen.

Talked to an investor this morning that is worth a few hundred million dollars. From 2022 to mid 2025, he mostly held cash. There were plenty of deals he saw during this time that he liked. Think about that. Almost three years of saying "no" while others around him forced capital out the door. My first question: "how did you have the patience to sit on the sidelines for so long?" "I'd rather miss upside than explain losses."

@BillAckman Congrats Bill. He is proud.

Dad’s birthday would have been today.

@moseskagan I'm not really sure what I learned. I am pretty sure I've forgotten most of it, though that's largely on me. I'd like to believe I learned how to learn and reason etc. But I am not at all clear that may not have happened on its own, organically. Hard to know.

@Kevinromano140 I mean, it depends on how much education we're talking about :)

[Warning: Non-business post] Sometime in the '90s, we made the civilizational-scale error of observing college's correlation with good life outcomes and turning college into the ~only "approved" gateway into adulthood, thereby ~forcing huge numbers of young people into life-altering debt. The irony, of course, is that the danger of confusing correlation and causation is one of the first things you learn in college!

@moseskagan Yes I agree with that! So did I. So did everyone I was with. But don't you think it would be the same issue if 3 years? Or even 2?

@Kevinromano140 It does take 4 years? I wasted *so* much time in college... you could easily compress it into 3 yrs (as is generally the case in Europe and as many American colleges are starting to do now)

@moseskagan But it does. I don't wish a lot of things but they still are.

This should have been: "thereby ~forcing huge numbers of young people into life-altering debt to buy what is essentially a luxury good." (I strongly believe in the value of a high quality liberal arts education for many people; however, I do not believe it should take four years and cost $400k or whatever.)

@ChrisRamsey60 I asked Claude to make me a proforma for a new deal while having a drink. Before I finished the drink the proforma was done and it was remarkably good.

Who’s got ideas about how we can use AI in real estate?

@iononrecourse I name it, Aqui" .... Venmo is @kevin

There's a corner of the real estate services world focused on branding. A subset of those services is "naming". The higher status firms in that world can charge $100k+ for coming up with just the name for a new office building.

@jrich23 @dterp_13 Most people couldn't do that dunk on a nerf rim on their closet door. Haters need to get a grip.

I’m proud of Jase especially in an era where a lot of guys shy away from the dunk contest, Jase stepped up and embraced it. But I have to remember you’ve been a Jase hater since the day he committed to State. He’s done nothing but prove people like you wrong. It’s wild to see a tweet like this coming from a State fan.

@RepJoshG Have you ever tried to build anything in Nj?

You don’t want to be in socialist New York. You want to be in capitalist Jersey. Let’s make NJ the place where housing gets built, families have choices, and supply meets demand.

@spencertbarber Leave the wall concrete. Way cooler and cheaper, too.

We’re designing the guest bathrooms in our model home. The debate right now is whether we’ll do this wood-look tile or a plain tile. Is the wood tile a good look? I'm also open to any other feedback! Side note: AI is a game changer when visualizing design decisions.

@EllliotttB @sweatystartup Perfect.

@sweatystartup Not all of them right

All the same people who were hyping crypto then NFTs then virtual reality are now pumping AI agents.

@bobbyfijan Bobby, how does your approach work for a true infill row home? The picture above, for instance.

The 3-Story Rowhouse is *THE* American prototype … the perfect starter home

@moseskagan @CPTheFanchise Sure is!

@CPTheFanchise Admire him very much for this. That is grown up behavior.

Mikal Bridges goes off script in his post game presser, speaking on working to be more "coachable" and attributed some of his struggles to a sense of "entitlement". The self awareness is welcomed. Very interesting perspective.

@moseskagan I mean this respectfully and you've built an awesome company and portfolio, but it does seem that for a long time on here the message has been it's a terrible time to buy.

One lesson I learned from what has been a bumpy road the last ~5 yrs in LA multifamily: Not sure I'd ever buy a deal again where I thought the rents were roughly at market, unless the going-in yield was *really* tasty (in absolute, not just relative, terms). Even if you're pretty convinced rents will rise faster than inflation going forward, there's just too little margin of safety if they go the other direction.

@follard My guess is they will be built mostly in states with less restrictive zoning because zoning in the northeast and other similar areas will make the juice not worth the squeeze. The local governments are 100% at fault for the cost of housing.

Bobby Fijan's company (American Housing Corporation) is a vertically integrated real estate development (and manufacturing) company that I am certain will develop hundreds of thousands modular starter homes in urban infill environments all over the country. The second floor is focused on the kids. Build this a billion times over and the affordability crisis in this country no longer exists! Let's build! 🛠️

@JulieChangRE Square imo

HELP. I need to order some tile asap as the steps / walkway to our front door are currently being demoed and we need to pick some tile for our courtyard Which yes has been some derivation of dirt for over a decade and I have been judged by our neighbors for years Do we splurge on a front courtyard with octagon tile which needs either buttons or talavera in between OR go with much cheaper square tile The price difference is going to be like $12-$15 vs $6 PPSF just for the tile and square is obviously easier to install What do you like better?