TriathlonTrader

working

@ThinkAppraiser You also need to know construction right? Construction of high end homes?

@TriathlonTrader Just been doing it a really long time, You need to provide a lot more comps, a lot more commentary and a lot more support for the adjustments Instead of 4 comps, maybe you want 8-10 comps

I appraised a property recently for $17 million. Super custom, beautiful home, ocean view It was a private bank for some private financing for an ultra high net worth individual He is all in the property about $18 million because he built it for himself not as a flip Bank starts asking questions saying that the value is too high and they hire an independent review appraiser to look at the Appraisal The review appraiser comes in at $7 million referring to a few highly inferior closed sales with inferior upgrades, inferior condition, inferior age, inferior view, inferior location, inferior pool, spa, inferior decks, inferior finishes etc Two weeks after the review appraisal is done the owner accepts an all cash offer at $24 million. At least I was a little bit closer than the reviewer.

@zillowgonewild Interesting. I was at 12001 Chalon Road today and took this picture in the direction of the home

🚨🚨🚨 $400,000,000!!!!! Yes you read that right!! Here it is friends!! The most expensive home we’ve ever listed! The crown jewel of Los Angeles!! This home took a decade to build and was completed in 2018 on 8 acres of mostly flat space with views of downtown to the pacific Ocean. There is over 70,000 sq ft across multiple structures and is regarded as “the most expensive home in the USA (what better way to celebrate it’s 250 year anni than buying this). The main house has 10 bedrooms, 13 staff bedrooms and the guest house has 6 guest bedrooms with 10 more staff bedrooms. Currently listed for only $400 million.

@ThinkAppraiser It’s why zestimates are so useless. They always adjust after the sale but are no a good indication of present value

@AdamSinger Our boys cannot and will not take phones to school. Phones are bad enough everywhere else but definitely not going to school

@TriathlonTrader When we have kids they will not be interacting with smartphones at all in school, and will have a very basic device without apps

@AdamSinger Spoken by a guy with no kids. The reason kids have phones is because parents would go to war with the administration if they were banned. Our schools districts don’t allow them but it doesn’t mean kids don’t bring them

@AdamSinger @kenberman Have to do something. Doing nothing is not an option

@kenberman @TriathlonTrader Good school they're trying at least

@ThinkAppraiser I feel seen

Me walking through Beverly Hills trying to see who owns these $50 million mansions

@ThinkAppraiser Ice time cost $$$$ and just the equipment is $,$$$

Everybody I meet that plays ice hockey has a shit ton of money Why is that?

@jimmydean197 Always looking. But Bend is a 7 hour drive or a short flight so it’s not the most accessible

@TriathlonTrader and much better prices to come! You were looking at SR at one point, correct?

Pahlisch Homes is one of the largest regional builders who is headquartered here in Bend, OR. Today they did a 2nd price drop on all their homes in NW Bend, which is the most sought after part of town and this is the start of our "selling season". These are now down $65k from their Jan LP. This is not typical.

@ThinkAppraiser Santa Barbara

If you could move anywhere within the United States, where would you move and what company would you work for?

@ThinkAppraiser West LA

If you had to work in DTLA, where would you live?

@Pharmdca Yea. We know. We did this the first time around

No one trust this guy at all. Lies after lies

@bclund Can you please contact my mother in law?

The best part of the 3-hour flight to Houston is the hour I spend helping my wife get connected to the internet.

@ShrimpTeslaLong @jimmydean197 “Deep Blue state” -obviously you have never been to Oregon

@jimmydean197 No one should buy a cookie-cutter house on a stamp-sized lot in a deep-blue state for $1.5 million. That's just financially unwise.

@ThinkAppraiser Scale in. Always scale in. Never fire all your bullets at once

What’s the best way to practice good risk tolerance?

@Pharmdca The choice was a prosecutor vs a criminal and you chose the criminal. Don’t say you didn’t have a choice. You all knew what you were doing

Tariffs scam War scam Hormuz closed Hormuz opened. What a mess. Lying to public day and night. We didn’t have a choice who to elect. The other candidate was even more stupid. Horrible 2 years under his leadership. Consumers scammed on tariffs and now paying the price for the war (Oil) Companies benefited from Tariffs while consumers paying the brunt. Expect next two years not to be even better

@TheLongInvest Cutting right into an inflation regime.

Market is digesting Warsh’s hearing today I believe he did very well He showed confidence and although he is clearly a Trump guy in there, he likely believes a Rate Cut is needed independently of what Trump believes Market is already overheated and due a pull back anyway The fact he said he’s independent is probably enough for the market to cool down Either way I believe he cuts in June

@JulieChangRE That’s like my Saturday but instead of a leisurely hike it was probably 4 miles of up and down the hill tending to my burn piles.

Day 30 of walk every day (25 days of walking) 3.9 miles today Gotta get back into nature This is in the Redwood National Park