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illiquid
202 posts
illiquid
@illiquid__
Musings on (mostly) real estate and private equity
Katılım Ocak 2022
102 Takip Edilen22 Takipçiler
@illiquid__ @chitribopinions Unfortunately the city can’t declare bankruptcy. It’s gonna be rough
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Letters: Chicago city government should stop offering pensions and shift to a 401(k) plan chicagotribune.com/2026/04/18/let…
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The 2026 NBA Draft Lottery odds for the No. 1 pick are set:
1. Wizards - 14%
2. Pacers - 14%
3. Nets - 14%
4. Jazz - 11.5%
5. Kings - 11.5%
6. Grizzlies - 9.0%
7. Hawks - 6.8% (NOP swap)
8. Mavs - 6.7%
9. Bulls - 4.5%
10. Hawks - 3.0% (MIL swap)
11. Warriors - 2.0%
12. Thunder (via LAC) - 1.5%
13. Heat - 1.0%
14. Hornets - 0.5%
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@TheRealEstateG6 Yes, also have to make sure you’re playing the right game tho
I’d rather have 0.0001% of Google than 100% of nothing
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Thing you have to realize is if you block out the noise and work hard for 5-7 years on a real, scalable business you're pretty much set for life
Years 1-2: Chew through concrete, broke
Years 3-4: Typically big break
Years 5+: Scaling
Multi-million dollar business at minimum
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A quick framework for investing in CRE:
- Develop when existing assets trade above replacement cost (more likely in markets w/ great fundamentals)
- Buy existing assets when they trade below it
After accounting for execution risk (the million different things that can go wrong in development), VERY few projects make sense at the moment (mostly luxury ish positioning)
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Dianna Russini mounts daring rescue of elderly man, dog trapped in car crash a week after Mike Vrabel scandal trib.al/7IsS3Ph
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illiquid retweetledi
@dirtcheapbanks Fidelity’s best performing accounts all belong to dead people
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My lawyer called to update his will and mentioned he's buying a lake house with dividends from some bank stock his grandfather left him. Looked it up, $42M market cap, 0.6x book value, been paying the same dividend since 1987. His dead grandfather is better at this than me.
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In Manhattan today and no one wears bit loafers anymore.
No Gucci loafers, not even Allen Edmonds.
All just shoes & comfy dress shoes.
What happened to the game I love?
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If you insist on driving down for a Cubs game I am begging you to slow the fuck down on the side streets because people do, in fact, live here and speed limits exist for a reason.
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extremely underrated city…
1) Young energy
2) Cheap
3) Basically all sportsbooks are legal
4) tons of stuff to do outside
5) Not janky like LA
Etc
I’m glad I lived here for 10.5 months
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@UrbanCourtyard @JBPritzker Fix the balance sheet and property taxes and supply will come
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In his address on housing, @JBPritzker urges us to take a high agency, anti-fatalistic attitude toward housing crisis, and quotes Shakespeare’s Julius Caesar: “The fault, dear Brutus, is not in our stars, But in ourselves” (don’t blame fate for housing crisis, blame ourselves for not taking action, and take action)
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$3,300 PSF would be an extremely expensive cost for luxury high rises in NYC
Boris Wertz@bwertz
We have a winner: Mamdani's Mart tops the list! @NYCMayor
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Almost everyone who visits Central Park arrives by foot, and nearly everyone will drive to this park. Parks only accessible by car are so taboo imo.
Dallas Texas TV@DallasTexasTV
City of Frisco breaks ground on 1,000 acre park, will be larger than New York’s Central Park
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Attractive people make 5-10% more than average looking people in the same roles
Your looks are potentially worth hundreds of thousands of dollars. It literally pays to take care of yourself
Corey Walker 🇺🇸@CoreyWriting
The looksmaxxers are bad people, but they are correct that society will just you on your physical appearance very harshly and unattractive people are irrationally hated for no reason.
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@illiquid__ Insane. The tweet got 33K likes, and I'm wondering why there are so many people out there who want to kick kids down a notch. Horrific stuff.
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Contrary Take: Self-esteem & self-belief is the greatest gift you can give a child entering adulthood.
Don't remind them they are just ordinary or kick them down a notch. Life will do that enough.
Make every kid (academic or not) feel like they have something that is special..
katie@katefeetie
it is extremely important, especially for kids who were in gifted programs or honors students or manga cum laude or whatever, to have a moment before adulthood when you realize all that actually means very little and you are pretty much just a regular person
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What people don't understand about the S&P is that every single person in the country who has money is also invested in it
When your money goes up 15%, so does everyone else's
You gained zero relative wealth. You need to outperform the S&P if you want to actually get ahead
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