
Don Miller
12.6K posts

Don Miller
@RealDonMillerJr
I opine about real estate, financial markets and economics (and occasionally stupid politicians).
Katılım Aralık 2018
1.3K Takip Edilen1.1K Takipçiler

@Chris_Smth I don't think most people realize how common this is.
But no worries, it's easy being a real estate agent.
Most all the responses are a variation of "see ya".
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@Amelia558rs If its not hurting anything and its important to him, let him have the win. There are more important things to worry about.
This is the type of little things that eat at a marriage.
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Blumenthal is a piece or work. At least half the country will believe him SMH
Jonathan Turley@JonathanTurley
Sen. Richard Blumenthal has joined the effort to create hysteria at airports over the use of ICE to relieve the congestion for travelers. Blumenthal says that ICE may form kill squads and drag children out of line to be taken away from their parents...
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@AL_Capital12 @DeItaone If I had to guess… nothing is as it seems…
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@DeItaone So we still have less than 24 hours
For the power plant attacks ??
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@OwenGregorian My grandparents had that game, it was back in the 70s!
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Many people in the 80s also thought it was fun and safe to throw heavy metal tipped javelins way up in the air, at their back yard parties.

Historic Vids@historyinmemes
In the 1980s, many people believed summer skiing would become a popular and widespread activity.
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Don Miller retweetledi

Robert Mueller harassed an innocent man (Peter W. Smith) until he commited suicide.
Robert Mueller ruined HUNDREDS of lives based on a fraudulent case he KNEW was fabricated by Democrats.
Robert Mueller drove families that had ZERO involvement with Russia into bankruptcy.
Their children even received death threats.
Spare me the pearl clutching over Trump's response to his death.
Robert Mueller was heartless. ☠️

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Don Miller retweetledi

@ShannonJean Still needs 3 people standing, watching and drinking coffee just to make the report is filled out correctly.
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Don Miller retweetledi

@jonbrooks the worst I can find for Compass is about -65%, where did -80% come from?
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Public real estate brokerage stocks just got obliterated:
Zillow: -70%
Compass: -80%
Redfin: -90%
Opendoor: -95%
Average: down ~85%
This wasn’t a “bad year.”
This was the market realizing:
Real estate isn’t a tech business.
It’s a transaction business.
No volume = no revenue
Low margins = no profits
High overhead = no forgiveness
2020–2021 was a liquidity-fueled illusion
2022–2026 is reality
And the stocks already repriced it.
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@FCNightingale But they’ll go back down once budget is fixed, “I promise”.
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Buffalo, New York Mayor Sean Ryan says property taxes in the city could rise at least 25% to close a budget gap of approximately $109M.
The mayor added the city needs to buy garbage trucks, snow plows and police cars. He also told WBEN this tax increase may not be the last, but it will be the largest he proposes.
"It took years to get in such bad shape, and it's going to take us a few years to get out of it," Ryan said. "But there's no more magic budgeting where you can pretend the budget is balanced but take all the money out of reserve accounts."
The budget has to be officially released by April 15. The Common Council will have until May 26 to make any changes and adopt it.
#RealEstate
audacy.com/wben/news/loca…
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@MichaelAArouet Baltimore City tears down city blocks after stripping from owners for not paying taxes, in a dilapidated block.
Then makes them safe for trash and drug needles. Grass become a jungle and then they pretend like its a park.
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@BrianRoemmele You can only point in the right direction, obviously, as an American, I hope many will listen to you.
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Phone confessions:
I had a long talk with an executive at a large AI company about the realities they face. He was one of the folks that booked cohort 1 of my 17 minutes with me, it was for non corporate folks, but he was honest with me and paid 17 times (no accident, thank you) more than the minimum.
He wanted to remain anonymous but I told him I knew who he was but will ignore it. I had my plan beforehand and built an approach, honesty my only poach.
My 17 minutes of monologue (really non stop talking) was centered around on this patent and the story of how a massive well funded company had the future that would take it out being built literally in THE BASEMENT by a hacker in 1975.
What was it? Steven Sasson developed the FIRST portable, battery operated, self-contained digital camera at Kodak. It weighed 8 pounds used a new Fairchild CCD image sensor having only 100 × 100 pixels (0.01 megapixels).
The images were digitally recorded onto a cassette tape, a process that took twenty-three seconds per image.
It only took images in black and white. As he set out on his design project, he envisioned a camera without mechanical moving parts (although his device did have moving parts, such as the tape drive).
Well this genius in the basement (or garages or kitchen tables) are never encouraged in ANY corporate environment especially “go to market” startups. The arrogance level and loose money with a desire to say “yes sir” to the they-must-be-smarter-than-anyone-because-they-are-running-an-AI-company folk, makes anyone with they REAL outlier ideas kicked down be the crab pot (not ironic) colleagues and bosses.
This Kodak moment is playing out at all major AI companies today and it will be the undoing of US AI. The only company that is facing this is XAI and Elon, he just about burned down the entire process. The other companies just got magnitudes worse over the last 6 weeks.
Some context directly a through my ~80 GitHub (all anonymous for reasons) I got to know 100s of actual builders at these companies and interact sometimes hourly with them. Some know me through here and have the guts to say it (reasons) and most know “me” from my repos. I get to see beautiful talent being wasted.
So today I told this executive that everything they are spending time and money on will be a waste in 3 years and they need to pivot to a new technology now and most importantly they have a garage team already doing it but they shut them up, like I said, all HR based companies do. Ain’t no innovations will come with this mindset.
He got emotional as I give him the X-ray of what he knew was the reality. It is just no one in the inside could say it and I just did.
The second point was open source and China. They have no plan and there is yelling. At the company whenever it is proposed by just about all the builders there. I told him that because I knew and he freaked out because he was one of them.
So the call was a good one for an early Saturday morning. It is my hope he follows through on the plans I helped with. And the possibility of officially advising the company. But I would not bet on it. Egos will be very high until the accountants take over.
Why did I do this and why am I telling you?
He knew I would write this and encouraged me. The problem of this arrogance is systemic and dangerous to not just the AI industry but to the entire US economy.
As money from the Middle East goes dry for AI the shock wave 1 has hit. The next 5 shock waves will be far bigger and impossible to hide. If innovation and garage thinking like China has in AI right now does not rise, we are in layers of trouble.
In the basements of ALL of these AI companies are silent geniuses that hold the future of the company. They are ignored like Steven Sasson was in 1975.
The current hardware approach, software approach and model training as well as the model technology is broken.
This is out Kodak moment for AI.
Now back to the garage for me.
Suits notified.

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Don Miller retweetledi

This is your monthly reminder that congress gave @PeteButtigieg $2 TRILLION to fix infrastructure and nobody knows where the money all went.
That’s 135 nuclear aircraft carriers worth of cash. Poof.
Steve Ferguson@lsferguson
I suspect our entire almost 40 trillion dollar national debt is due to fraud. I actually suspect the amount stolen from us is way higher. We are being robbed blind and absolutely nothing is done about it
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@nickgerli1 When prices of any asset drop, buyers freeze. Very, very few people are in a position to wait for the bottom, intentionally. Those that must buy, do so and pray… even the non-believers.
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The thing everyone gets wrong in the housing market is they think it's about mortgage rates.
When it's actually about prices.
Buyer demand is at record lows because prices (inflation-adjusted) are at record highs.
No one wants to buy a house they know it will be worth less in 3-4 years.
Meanwhile, mortgage rates around 6% is abundantly normal for the U.S. going back 100+ years.
That's why movements in mortgage rates (either up or down) aren't having any material impact on sales right now.
Meanwhile, if you manage to bring prices down meaningfully, the buyers will flood back.

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@Linda83905851 @walterkirn Thats actually pretty funny, I love it!!
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@walterkirn Love this... not that I care if you care that do!
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