One time I listed a 430,000 square foot mall in Pine Bluff, Arkansas for $4.5M at a 12 percent return.
Before listing, I researched the area and learned it was known as “Crime Bluff” which statistically had the 2nd highest crime rate in America.
I got the rent schedule of the mall and the pinball game ‘Terminator’ was the #1 revenue source above all tenants.
Someone just got murdered in the Red Lobster parking lot.
So obviously, I went to visit.
Within a week of marketing, I get a call from a broker whom is representing her parents to buy the property.
They acquire the property and within a year the mall fails and her parents get foreclosed on.
GM says its new Celestiq electric car will start at $340,000 dollars.
But it should be able to make it from NYC to DC on a single charge, so that's cool.
electrek.co/2023/08/04/gm-…
@texasrunnerDFW@donnelly_brent Here in Sarasota FL we saw double digit appreciation in SFH last month from a year ago. We’re always told that real estate is local, but this could never be more true than right now.
@donnelly_brent Yeah, the correction is really bifurcated and nuanced right now with inventory crazy low in many regions
It’s even different within certain regions based on city vs. suburbs vs. exurbs
I do love me a spicy 🌶️ chart though
The best closing scenes in movie history — and why:
1/ Inception
Cobb returns home to his fam.
But he spins his top. If it falls over, he’s back in the real world.
If it keeps spinning, he’s still in a dream.
The scene fades to black before we see what happens.
The average year sees the S&P 500 pullback 13.7% and gain 20.2% a year off those lows.
But large bears (like last yr) see much better returns.
When there's a >25% bear or greater, stocks are up 38.0% a yr later and lower only once out of 9 times (2001).
Bodes well for 2023.
CPSC Warns Consumers to Stop Using Onewheel Self-Balancing Electric Skateboards Due to Ejection Hazard; At Least Four Deaths and Multiple Injuries Reported: bit.ly/3X893AB
@DawgsByNature You’re not even in great field goal range. You have plenty of time and need 2 yards for a 1st down. Get the first, eat more clock and then take your shots into the end zone when you’re in comfortable field goal range. It was a stupid play call.