Ted Lesher

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Ted Lesher

Ted Lesher

@TedLesher

Living a robust lifestyle, my tweets aren't robust. Former sub 100/100 club (followers / following)

San Francisco, CA Katılım Ağustos 2012
132 Takip Edilen147 Takipçiler
oskifan
oskifan@OskiHoya3·
A quick guide to finding Cal / Stanford at the Big Game tailgates. If you hear drunken songs and see shots of Malort, you have arrived at the Cal tailgates. If you hear the following chatter, you have arrived at the Stanford tailgates.
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Ted Lesher
Ted Lesher@TedLesher·
@ContrarianSaver @rohindhar Lol not a realtor. Outer sunset resident who lives there for those reasons but if you choose not to listen it's a free country!
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Contrarian Saver
Contrarian Saver@ContrarianSaver·
@TedLesher @rohindhar You sound like a realtor. If so, good selling, I’m not gonna stand in the way of a guy trying to make a living!
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Rohin Dhar
Rohin Dhar@rohindhar·
BTW this reversion is happening now, six months later The traditionally expensive neighborhoods in San Francisco like Pac Heights and Noe Valley are exploding in price now and reclaiming their price premium The Western neighborhoods like the Sunset and the Richmond are hanging in at about the same. Prices are pretty static at the moment there But the expensive neighborhoods are becoming a lot more expensive again, very suddenly
Rohin Dhar@rohindhar

A fascinating trend in San Francisco is that home prices in the luxury neighborhoods like Pacific Heights are the lowest they've been in a decade But they’re at an all time high in Western neighborhoods that traditionally weren’t considered as expensive Today, it’s $6MM for a four bedroom+ house in Pac Heights versus $3.5MM in the Inner Richmond ($2.5MM gap) However in 2016 a house in Pac Height was $7.8MM and one in the Inner Richmond was was $2.8MM ($5MM gap!!!) I think there is a case to be made that this reverts and expensive neighborhoods become a lot more expensive again relative to other neighborhoods

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Ted Lesher
Ted Lesher@TedLesher·
@ContrarianSaver @rohindhar -it isnt actually as foggy as you say -Good combo of city + burbs -good schools for SF -affordable (for SF) -most parks in the city -Walk to a surf break -good food Worth a bit of fog for me!
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Contrarian Saver
Contrarian Saver@ContrarianSaver·
@rohindhar Or people are finally realizing that it’s no fun living under 320 days/year of fog!
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hope hopes hoping
hope hopes hoping@hopes_revenge·
I think the Bay Area is the only place in America that 1) has a distinct regional pizza style 2) absolutely no one advocates for, defends, or recommends . this alone is unique and absolutely not something you can not say about any other regional pizza style...
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rob
rob@487mph·
@zbitter the fact of the matter is endurance athletes, good endurance athletes, are the best athletes in the world we have the best cardiovascular system and we blow all other athletes out of the water from an endurance cardiovascular point of view.
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Zach Bitter
Zach Bitter@zbitter·
I was told a few days ago distance running is unhealthy. All evidence provided was anecdote and personal experience. Laughable of course, but if we are going to play that game, we can 😀 Team Sprint & Walk will tell you distance running will make you sick, skinny fat, and injured. Meanwhile, the fastest sprinter to ever live has a blown out Achilles, gut, and admitted he loses his breath going up the stairs.
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Ted Lesher
Ted Lesher@TedLesher·
@shawngorham How do you fix a really squeaky floor and keep it original? Ever run into that?
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Shawn Gorham
Shawn Gorham@shawngorham·
As a house flipper, one of the things that sets us apart, is that we ALWAYS restore and save original oak floors. The majority of flippers cover them with Vinyl, its tragic. Re-finishing costs $3 a foot plus repairs and patch Vinyl costs under $2 Vinyl is installed in one, maybe 2 days. Wood re-finishing takes 5 days and nobody can be working inside while being completed. It adds a week to your timeline. Its worth it Most buyers add value to the decision We sell fast I sleep better knowing we turn a quality product P.S. We are working in the wrong price points for our quality and attention to detail.
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Ted Lesher
Ted Lesher@TedLesher·
@Molson_Hart I do feel like basically everyone can find a couple really good ones. I think for them to be worth it you should either get back channel references, or if not possible ask a specific question to the selected reference and see if the answer matches what they said I'm interviews
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molson 🧠⚙️
molson 🧠⚙️@Molson_Hart·
Do employee reference checks still work? I was looking at people who joined my team and didn't work out and many of them had sterling references only to literally not work (remote) or to lie (we have a strict no bullshit policy). At the same time, I've hired poeple who had references where the reference actually criticized the person that we hired or people who had no references at all (because they were fresh out of school or I didn't bother to check) who were really great. Between hiring becoming international and us being in a low-trust era, I'm increasingly feeling like references are a waste of time. Maybe they never worked and this is just something people advise in books. They are extremely time consuming to do properly.
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Ted Lesher
Ted Lesher@TedLesher·
@zbitter Ok I don't actually think that but couldn't resist
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Saas AE Guy
Saas AE Guy@saas_seller·
There’s no such thing as (young) good AEs who don’t take their fitness seriously right?
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Ted Lesher
Ted Lesher@TedLesher·
@rohindhar We went 25% over asking no contingencies at all for our home it was 😬😳😅🤠
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Rohin Dhar
Rohin Dhar@rohindhar·
In San Francisco, most sellers provided a general inspection as well as a pest inspection as part of their disclosures package So while most accepted offers have no inspection contingencies (and generally no contingencies at all), you’re not flying completely blind However, in certain circumstances I suggest clients have a *structural engineering inspection* before* writing an offer Almost everything about a home is repairable but its structural integrity 😅 The structural engineer will review the foundation, drainage, retaining walls and any available structural plans. Basically help verify the home isn’t likely to go anywhere when the big bad wolf shows up When would you do something like this before writing an offer? If the home is on a slope, has some evidence of a brick foundation, if there are retaining walls or if there are any questions about the foundation or moisture damage from lack of adequate drainage If you have to write an offer without an inspection contingency to win, you can pay for one before you write the offer so you have as complete information as possible
Shawn Gorham@shawngorham

Most the comments are in regards to buying a house without inspection. True story, I personally have never done an inspection an any house I have ever bought. Lets talk about inspections. The major expenses on a house are the Roof, the Heating HVAC, Electrical, Plumbing and Foundation. With basic knowledge you can get very comfortable with these issues quickly. How old is the roof? How old is the HVAC? What size electical panel, what brand, check the breakers, make sure there is a ground wire. Is it copper plumbing? ABS drains? Any cracks, water ponding, drainage issues? Experienced home buyers know the basics and where the large expenses are. Also, money solves problems, so if you have money the risk is reduced. BTW - we believe we picked up 10% equity day 1 on a great purchase.

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Ted Lesher
Ted Lesher@TedLesher·
@Byzness It's called great wolf lodge bro google it
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Joshua Abbotoy 🇺🇸
Joshua Abbotoy 🇺🇸@Byzness·
I showed this picture to my son and he asked me why we don't build hotels like this anymore. With a tear in my eye, I told him that we can't. We literally don't know how.
Joshua Abbotoy 🇺🇸 tweet media
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Ted Lesher
Ted Lesher@TedLesher·
@MarkPBurke @ArmandDoma Lol manipulated nextdoor comments. I had to stop using it because nearly every post was the same, boomers complaining about UGH.
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Mark P Burke
Mark P Burke@MarkPBurke·
@ArmandDoma Joel Engardio lied to me in D4. Never held any town halls. Hid his position to get elected. Lied at a key debate. Penalized by SF Ethics for hiding calendar entries. Smoking gun: tried to manipulate & hide Nextdoor comments. Threw his original supporters under the bus.
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Armand Domalewski
Armand Domalewski@ArmandDoma·
While @JoelEngardio’s loss tonight was not a shock to anyone, it still remains a heartbreak. I’ve been involved in SF politics for over a decade now, and I have never met a man kinder, more decent, and more sincere than Joel. It is very sad to see the good guys lose
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Rohin Dhar
Rohin Dhar@rohindhar·
Visitor foot traffic trends in various San Francisco commercial areas
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Joseph Paul
Joseph Paul@Joseph_Paul_V·
Below is my response to Molson Hart's comments on why Gen Z and Milennials inheritance would be 0. If you do not follow Molson currently, I'd recommend doing so. His account offers great insights to the e-commerce sector and small business ownership. He also often posts life advice that many young men may find valuable. My responses are in bold. 1. Collapse in asset prices This of course, could always occur at any time. I do not think it is likely for asset prices in multiple varied sectors to collapse to zero or near zero. Legacy planning should be thought of as taking place over multiple generations - while the assets you inherit might not be worth much at the time of inheritance, if you plan properly and can hold on to useful assets they will be worth something. An very simple example would be a pickup truck. Even a very low net worth family would start off slightly better if the child of that family inherited a vehicle, as this represents much of low income indviduals net worth. A building, even if modest or run down, also retains some amount of value so long as you can keep it and have the skills to manage it. It is similarly unlike for ALL stocks to go to zero, which is why many older individuals will gravity to "lindy" stocks or bonds as they near retirement & eventual death. 2. Increases in taxes This is true, all estate planning should be done with the knowledge that tax regimes may change. Again, it is unlikely (in America) for taxes to become so great that inheritances would go to 0 or near 0. 3. Aging parent healthcare costs This is true, many families and individuals will spend large amounts of money to prolong life/independance. This is a choice that each individual family should make and discuss with their children. 4. Aging parent lifestyle costs (ranging from getting scammed to them blowing their money on Viking River Cruises) He is right to warn you here; many parents would rather spend all of their money, that is fine and that is their right to do so, whether or not it is best for long term familial success. In regards to scams, he is also right. There are a shocking number of scams and dubious products that will be marketed towards the elderly. I would recommend seeking out a licensed fiduciary advisor who you believe will be morally bound to representing your family's best interest. 5. They'll give it to someone else and you're not expecting that What if? What if a bomb drops on your head? This could of course happen, hopefully your father does not have too many mistresses! 6. It'll get whittled down by the legal system This can be true, but even in probate you should not need excessive legal services. Many people I know have had parents who died with properties and a bunch of other junk in their estate and they did not have any issues navigating the system. 7. It'll get be greatly reduced by sibling legal disputes This can be true, my father always recommended not to engage in such disputes as it is bad for the spirit. No money is worth ostracizing your family. 8. Funeral and burial expenses These costs are often exaggerated unless someone has very specific burial requirements. Most funeral expenses are around $10,000 which even a very low cost life insurance policy would cover. When someone in your family dies, besides the emotional fallout, it creates a big legal and financial mess which you then have to navigate. A. Fighting with the banks to get access to the funds This can be avoided quite easily in most states. You will sometimes have to chase banks down, and occasionally they "lose" accounts. Personally I have lost a piece of an inheritence through what I suspect were dubious bank activities. B. Dealing with lawyers This is not too big of an issue, again many people navigate the process with no preparation at all. C. Fighting through probate court This depends on the family dynamic. D. Changing deeds on real estate property This is relatively straightforward in most states. E. Doing estate sales on stuff of questionable value This can be annoying or cathartic for people, it depends on the person. There are books about teaching your parents to sell all of their stuff before death, but I do not personally find that appropriate. I personally would not mind going through a parent's estate. I'd rather them enjoy their retirement rather than be worried about cleaning out their home. F. Sorting through that stuff to find the only things worth keeping (photos and small heirlooms) See above. G. Dealing with accountants This is an unfortunate reality of life: "In this world nothing can be said to be certain, except death and taxes" H. Filing special death tax returns See above. By the time you work through all that, depending on how much you inherited, the net will be 0 or even negative. I do not think the net will be 0 or negative for many middle class families. For the very poor unfortunately it can be true if their parents did not adequately plan for retirement. This is why I advocate for at least owning a family home outright, many studies have shown this is strongly correlated with multi-generational wealth growth. And if you did get something in the end because your parents were somehow kind and lucky enough to set everything up perfectly, it might just turn you into a lazy sack of shit. True! Do not rest on your laurels, instead think of how you can make your children's lives easier or improve/fortify their social & economic standing. With an inheritance, you are inheriting a claim on the future right? Who's optimistic about the future right now? Anyone? Okay, that's what you're inheriting. There have been bad periods (sometimes lasting multiple lifetimes) throughout all human history. The benefit of multi-generational planning is that even if someone has a bad lifetime, the next generation will not be set too far back. It is not always about seeing the number go up, but often about making sure your family does not go to 0 or negative. So my suggestion is to just mark it as 0 psychologically, and work on improving your own life through your own efforts, instead of some sort of parental lottery ticket. If you get something, great. If you don't, whatever This is good advice. You have not inherited anything until you see it in your bank account, any circumstance could change your expected inheritance so you should not live your life in expectation.
molson 🧠⚙️@Molson_Hart

Here are all the reasons why your inheritance will be 0 or negative as an American Gen Z or Millenial: 1. Collapse in asset prices 2. Increases in taxes 3. Aging parent healthcare costs 4. Aging parent lifestyle costs (ranging from getting scammed to them blowing their money on Viking River Cruises) 5. They'll give it to someone else and you're not expecting that 6. It'll get whittled down by the legal system 7. It'll get be greatly reduced by sibling legal disputes 8. Funeral and burial expenses When someone in your family dies, besides the emotional fallout, it creates a big legal and financial mess which you then have to navigate. A. Fighting with the banks to get access to the funds B. Dealing with lawyers C. Fighting through probate court D. Changing deeds on real estate property E. Doing estate sales on stuff of questionable value F. Sorting through that stuff to find the only things worth keeping (photos and small heirlooms) G. Dealing with accountants H. Filing special death tax returns By the time you work through all that, depending on how much you inherited, the net will be 0 or even negative. And if you did get something in the end because your parents were somehow kind and lucky enough to set everything up perfectly, it might just turn you into a lazy sack of shit. With an inheritance, you are inheriting a claim on the future right? Who's optimistic about the future right now? Anyone? Okay, that's what you're inheriting. So my suggestion is to just mark it as 0 psychologically, and work on improving your own life through your own efforts, instead of some sort of parental lottery ticket. If you get something, great. If you don't, whatever.

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