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@TomSteyer Prop 13 should apply to an individuals primary residence. Not so much for commercial or investment properties.

LAUSD teachers got a deal. Good. Now let's fix the reason they had to strike in the first place. We need to fund our schools, and I'll do that by changing Prop 13 so that corporations pay real estate taxes based on their property's true value, not its value from the 1970s.

@BarryRoland19 Need to build the ADU dingbat style with parking underneath

In many neighborhoods, parking is *the* most important amenity to most tenants. We're building some ADUs in one building right now, and the parking situation has become a shitshow. 3 spots for 4 units. Now, in all of my leases, I separate parking from the lease itself, which allows me to unilaterally take parking away with 30 day notice, and reduce rent by $1/mo. But taking parking away is a death sentence. So instead, I'm now offering $300/month (from $100) to any tenant to stop parking onsite temporarily, to avoid the parking shitstorm. Still no bites.

@TheItalianExit Why do they seal up the fireplaces like that?

Castiglion Fiorentino. 40 rooms, 1566sqm, €1.8M. The kind of property that disappears in 48 hours.

@ManzTrades They're licensing the drugs from $CRNX so you can get exposure on that side of the royalties.

I’m going max long whatever company is behind this

@soberseas The only answer is Baja Fresh

white people love telling u where the best Mexican food in LA is

@TokyoDeepValue What do you think about the companies $japn is holding ?

American investors obsess over moats and competitive advantages while I'm buying a Fukuoka concrete mixer company that owns half its market cap in real estate. Sometimes the best moat is just being too boring for anyone else to notice.

@BarryRoland19 Dad is down bad

Few weeks ago I toured a building in a D/F area. My dad wanted to come along. As we’re leaving the tour and about to get in the car, some lady with a bunch of empty plastic bottles yells from behind a different building’s entry gate: “You don’t live here!” “I do not.” “Oh — you gonna buy that building, huh?” “Thinking about it. What do you think?” She shakes her head. “I wouldn’t. Everybody always fighting there.” I laugh, trying to end the conversation. Then she asks, “you married?” “I am.” “Aw man. I don’t have a boyfriend or girlfriend.” I don’t respond. Then she goes: “Ok, at least let me smell you. Just a smell. Come here. Just one smell.” …and starts reaching through the gate trying to grab me, sniffing through the gate. I try to play it cool, like “ha ha no miss please do not do that I am married with children my wife will kill me please stop haha”, and get in the car. I turn the engine on, then realize my dad is missing. I look out that passenger side, and there he is, still outside, chatting it up with her. That’s all the due diligence I needed.

@calvinfroedge Not only that but the windfall earnings now will eventually have to go into capex to rebuild everything

I actually think this whole thing makes the very long-term investment case in oil companies less attractive I think you will see a very difficult few years and a move towards more self-reliant infrastructure which will include many power sources

@factorydoge69 @INArteCarloDoss looks like it was made by a Chinese follower of yours

chinese state broadcast on america and iran, episode 2

@lasse108 We need you to sell so this thing can finally go up.

Only down 27 bps today, I really don’t own enough $BAK

@RistoHamilton Welcome to the trenches… you should’ve stayed in $LYB x.com/mircapitalstra…

What a shambles of a company $bak, hang in there fellow bag holders

$BAK shareholders

@KenjiCapital Are those rents in place or mkt rate?

Just came across this 28-unit apartment building near the Golden Gate Bridge listed for $16,500,000. • $589K per unit • 7 miles to San Francisco • 30-minute ferry to the San Francisco Ferry Building • Avg rents: $3,383 (1BR) / $4,589 (2BR) 📍 world-class location

@averagemoneymd Private placement life insurance would be better for them

My best friend called me yesterday. Said he's meeting with an advisor from Northwestern Mutual. Said he's sick of paying so much in taxes and looking for options. Dual physician family - W2 jobs with combined income >$1 mil I just told him, whatever you do, do not let them talk you into a whole life insurance policy.

@z_belladonna Havent been to a Chilis with this view yet

Nobu is the Chili’s of fine dining- I will not elaborate

@nostalgia_ Is there anywhere to play CS 1.5? I miss this so much

Counter Strike (2000)

@WifeFinance Lmao $50k a year not a month

20 Year Treasury yield now up to 5% You can buy $1 million of these bonds Collect $50k/month for 20 years Pay no state and local taxes Then get $1 million back in 20 years Why aren’t more people doing this? 🤔

@PhilSustainable Prop 13 doesnt let you inherit the property tax rate. You can sell it tax free with the new step up in basis but you're going to be reassessed for property tax if you hold it.

Prop 13 is the California family trust fund of state policy. Granny buys a LA beach shack in 1980 for $80k, it’s now worth $4M. She passes it to her grandkid, who pays taxes on $80k. Meanwhile the transplant renting the converted garage pays $50k/year in rent

@BarryRoland19 LADWP are scammers but this is too much even for them. Call a leak detection service to check it out.

You, a genius and a very honest operator: Utilities in Los Angeles will probably grow at about 3% a year on average during the hold period. LADWP: *ehem* a month

@moseskagan At $40m just buy out raging waters or hurricane harbor and make it public

Now it's *$40MM*