Mary Alice Mannis

@TheProjectUnity It is an inevitable question, and I can imagine that EM put that byte in there, to have a laugh.

FYI: I don't believe there is a real entity called satan or that an antichrist is set to be revealed on Earth. Just weird that Grok actually says this.

Saw this post online, tried it for myself, this is my screenshot and it really is Groks response! 👀

@commbankerguy Indeed, he spoke about the fact that there was no recourse when one got unbanked-opaque, arbitrary, internal decisions, not guided by govt stipulations. Many have been unbanked because of association w/crypto, political leanings, even social media posts denying the narrative OTD.

I agree that Andreessen mixed a lot of concepts together (BSA, debanking, CFPB) but the banking bros all wanting to correct him are insufferable. His main point is govt overreach which is occurring.

@RobertMSterling Many are, no doubt, brilliant-but they've also been subjected to decades of conditioning in those ivory towers that already subscribe to progressive thought. Further, original thinking is often discouraged-preferring those who back up the classic line of their particular fields.

Lot of people in the replies here saying “academics lack common sense, because they’re so smart and brainy that they can’t relate to regular people.” But this is wrong, and it misses the point: Many academics aren’t smart, period. By any of the metrics the concept of intelligence is supposed measure—analytical reasoning, creativity, mental quickness, curiosity, ability to interrogate and assimilate new information, etc.—a lot of professors simply aren’t that impressive. Sure, they’re (generally) knowledgeable about their area of research—you don’t go to college for a decade and write a 200-page dissertation without becoming well-versed in your respective field. But knowing a lot of facts—especially esoteric facts about a niche academic area—is independent of, and indeed disjoint from, what we would broadly describe as intelligence. I don’t know why this is. My hunch is that many of the truly best and brightest are ready to test themselves and build careers in the “real world” once they’re done with undergrad or a two-year master’s program, rather than spending several more years chasing an incredibly meaningless PhD credential. That, and those with the most to prove—those who aren’t truly gifted but wish to be viewed as “smart” by the rest society—benefit the most from obtaining a PhD, thereby skewing the sample set. There are, of course, exceptions. Math and physics departments are often full of genuinely brilliant people, as are many engineering departments. There are some wonderfully intelligent and thoughtful humanities scholars, such as is the case with my friend @jenbegakis. By and large, though, you’ll find more IQ points—stronger analytical reasoning and rigor, greater levels of intellectual curiosity, better communication abilities—at any mid-tier private equity or hedge fund than you will at most university faculties (even the elite ones).

@TheeJoelLopez CRE Bro

What’s it look like I do for a living??

@Skridaggio @Indus_Guy @mhprvpmvp Hahahaha there he is

@Skridaggio @Indus_Guy @mhprvpmvp Oh no! don't get Baker started

Overheard at a restaurant in Palm Beach tonight: Older guy: “it’s hard to live on $60 million.” This man has riches and nothing else.

@Levijameshere You're telling my story - we know what is up, this time. I read tweets from younger investors who came in & scooped up the losses of others, probably not realizing that bargain price or REO ripped the guts out of the last owner/investor. It's their turn. I dread it for them.

@realEstateTrent Buy a house - You're in the Real Estate Business. Great engagement tweet.

You buy a house because you love it, you can afford it, and you want to be there for a while. Not because you think it’s a good investment.

@Inv3ntive15 Nothing more wonderful than kids (human) with kids (goats)

So our best milker was acting interested back in February… put her in with the buck for about 7 hours before we pulled her to milk her. That’s all it took apparently. She dropped twin bucklings on Monday.

@imrichardfertig Waiting for it to be over nighted, now

Sitting at another closing. Legal docs: 194 pages 😱 Requires: Notary + a witness + Blue ink ✍️ only In what year does this legacy process improve?

@constantraise Goosebumps-I 1031'd into a property in 2007-worth 60% of purchase price in 2011-didn't regain it's original appraisal value until 2019. My industry: leveled for years. SO MANY that I knew went up in flames. Those that stepped in to take their place smirk: they haven't lived it.

@gas_biz Then you are my people too

@MaryAliceMannis I’ve got the dirty ball cap

How much you want to bet more millionaire's wear the shoes on the left Than the right

Then you are my people, too

@StealthQE4 Not everyone refinanced - so many people are not financially literate - they've paid the mortgage to the same bank at the same rate for 20+ yrs. They have equity with which to offset the interest rates - and that's what they do-in FL, anyway.

Who in the hell is going to sell a house that has a 2.8% mortgage rate and then go buy another one with an 8% mortgage at the same price because there’s no inventory? Inventories could drop even lower now🤦‍♂️ What a cluster.

@StealthQE4 They are selling their homes in NY and bringing all that equity to FL & paying cash. So many cash buyers here rt now.

@ShlomoChopp Even the most conservative have been conditioned over the last 15 years to invest further out the risk curve to capture yield-then this melt up. Don't be the last to leave.

The past 10 years created reckless investors. For others it DNA altered otherwise smart people. They now see risk where there is opportunity and comfort where there is massive risk. Get ready for mass re-education.

@maxfisherRE Low locked in rates may skew the markets a bit, but Life still happens. Migration patterns from more expensive markets to less so brings in cash buyers who sold w/significant equity. Also, there is a definite uptick in distressed properties on the market. Supply is increasing.

The housing market has proved that homeowners are never selling their sub 3% homes Unless rates drop that low again This is already creating problems for those that benefit from transactions; agents, loan officers, title, home inspectors, the list goes on In addition, less supply hitting the market continues to push prices ⬆️ This idea that residential is based off of life events (divorce, babies, job transition) was flat wrong

@kevinwlordbarry @realEstateTrent Thank you - It's still a nail-biter, until the checks clear.

@MaryAliceMannis @realEstateTrent That's the way to do it. Well done.

When buying a property for millions, the odds are high a seller will reduce the price by $50k if you threaten to walk away last minute Free money, why not take it, right? Wrong The real estate world's tiny - people talk That $50k's costing you years of dealflow. And millions.