jamiepope
6.7K posts
jamiepope
@jamiepope
Optimisim is the only Realisim
Katılım Haziran 2008
1.3K Takip Edilen246 Takipçiler
On April 15, 1964, construction of Atlanta Stadium began.
“The eventual completion here of a modern coliseum at a cost of some $18 million will mark two tremendous achievements for Atlanta and the Southeast...”
— Milo Hamilton
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@RedWavePress Imagine telling someone who paid more than $5 million for a piece of property in your city and has steadily been funding your already sky-high property taxes that they are not part of the city. Arrogance and greed are dangerous combinations.
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New York Democrat Gov. Kathy Hochul is so desperate for cash that she’s now proposing a new tax on wealthy individuals with second homes worth $5 million or more in New York City — as the city faces a massive $5.4 billion budget shortfall in fiscal year 2027.
“A common sense surcharge on high-value second homes in New York City… Those people are not part of our city.”
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@natetweets69 @ethanflynncpa Yes, that is dramatic, but sales have been slowing in Nashville for a significant amount of time. Picking that single point does not tell the true story. Nashville real estate is historically expensive, and interest rates remain higher than recent lows.
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@jamiepope @ethanflynncpa The stock market nose diving ~20% in a week certainly affects buyers wanting to make the biggest investment of their lives
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Demand popping again in Nashville. I'm now expecting contracts to pop 10% vs last year.
This has more to do with last year losing hundreds of buyers due to "Liberation Day" than a structural change in demand IMO.
If it tracks a similar pattern to 2024 we should see a run rate of ~2,800 vs ~2,500 last year.
What do you think? Will it happen?
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Housing in Nashville has been overpriced for years. Coupled with the sharp increases in interest rates, eventually, people willing to turn over significant portions of their income for a place to live becomes less and less appealing. Run those numbers through a chart showing more than just a single point in time, and sales had been slowing well in advance of April 2024.
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@jamiepope Clearly something change in April of 2025 that was different from 2024, 2023.
I'd love to hear your theories.
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@FCNightingale Louisville has one of the cleanest downtowns in America. Seems relatively free of street crime.
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Auction April 13-15 Servicer Sale Starting Bid $75,000
313-315 W Muhammad Ali Blvd Louisville, Kentucky
53,760 Square Feet Built 1908 100% Vacant
-rimarketplace
#commercialrealestate
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@FCNightingale Do any developers ever pencil in 30% vacancy rates when they propose a project?
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Austin, Texas Office Vacancy Rate Q1 2026 27.1%
Inventory 66,656,406 Square Feet
Direct Vacant 14,747,353
Sublet Vacant 3,328,811
Central Business District Vacancy Rate 31.1%.
"Absorption started the year in negative territory, as a few significant tenant departures outweighed move-ins, resulting in net absorption of negative 186,000 square feet."
-Cushman and Wakefield
#commercialrealestate
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Another town in the Nashville MSA that’s been overdeveloped
Shocker
FoxNashville@FOXNashville
City leaders in Murfreesboro are taking a closer look at how traffic and growth could shape the community for years to come. bit.ly/4shyNc7
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Auction April 13-15 REO Sale Starting Bid $2.5M
Barcelo Apartments 3501 Pin Oak Drive San Antonio, Texas
288 Units Built 1972 Occupancy 5.20%
-rimarketplace
#commercialrealestate
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@investandcreate @FCNightingale The decline within the two areas you describe has been ongoing for the past 25 years. Class A space usually becomes B, and once it reaches level B, it's inevitable to slide to level C or below.
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This is in a largely Hispanic and multicultural part of Nashville, not really known for safety and also very bad traffic. It was already not a high demand area and then this particular stretch was direct target of the ICE raids. Same thing with a stretch of Murfreesboro Class B and Class C multifamily over there is seeing record vacancy rates.
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Multifamily in Nashville, Tennessee
Rent discounted by 50% for 6 months and a $1,000 Amazon gift card.
2165 Nolensville Pike, Nashville, Tennessee
"Following decade-high deliveries in 2023 and 2024, completions eased in 2025, with roughly 8,900 units brought online, a 24% decline from the prior year. Despite the slowdown, vacancy reached a new cyclical high of 8.5%, with the rate in Class A reaching 9.0%."
@m3_melody
-northmarq
#commercialrealestate
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@ChristinaPushaw @michaeljknowles He relocated to Miami some time ago, happier hunting grounds.
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@jamiepope @michaeljknowles DC is 96% democrats. It’s not a great place to get married even as a guy like your friend who will get dates.
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It's not so much that Millennial and Gen X women consciously choose careers over marriage. It's that the choices they make (and are encouraged to make) make marriage less likely. Case in point: moving to D.C., where the men are sociopaths or homosexuals or both.
Beverly Hallberg@BeverlyHallberg
I’m 46 and have worked in DC for 26 years. During that time, I’ve met and befriended many women in high-level careers. Not one has ever told me she chose her career over marriage. In fact, all of them were trying to find a husband. The idea that Millennial or Gen X women broadly chose careers over marriage—at least anecdotally—just isn’t true.
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@FCNightingale This building is in a heavily Hispanic area of town. Construction has slowed in Nashville.
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@FCNightingale The property tax appeal industry is booming in Chicago.
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111 W. Jackson Blvd Chicago, Illinois sells at 81% discount.
A venture of FTK Capital paid $25 million to purchase a distressed $105 million loan and formally seized the property.
Previous owner paid $135 million for the property in 2013 and spent more than $38 million on leasing and capital improvements.
Appraised value of $163 million in 2017.
567,531 SF 66 Years old 48% Leased
-Crain's
#commercialrealestate
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@OleVanishing @TukiFromKL Know many locales. Significant electricity generation capacity must be added .
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@jamiepope @TukiFromKL That's why Amazon is investing billions in new infrastructure and locals are being guaranteed reduced utility bills in the future paid by AWS. You would know that if you really talked to any "locals" but we all know you're just lying. lol
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🚨 do you understand what $25 billion in Mississippi actually means..
the poorest state in America.. $44,966 median income.. 28% of children in poverty.. and Amazon just chose it for data centers..
$25 billion for 2,000 jobs.. that's $12.5 million per job..
they didn't pick Mississippi to help Mississippi.. they picked it for the cheapest land.. cheapest power.. and the most desperate politicians willing to sign whatever Amazon put in front of them..
cotton plantations came for the cheap labor.. factories moved south for the no unions.. now data centers are coming for the cheap electricity and the tax breaks..
the product changes every generation.. the extraction doesn't
Polymarket@Polymarket
JUST IN: Amazon will invest $25,000,000,000.00 to build data centers in Mississippi.
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As a native Nashvillian, I can attest that this city cannot support a major league baseball team. 81 dates per year, large stadiums, tickets north of $100. Nashville just doesn't have that much money or rabid baseball fans. The ticket prices for Sounds Baseball in Nashville rose significantly once they moved to a new stadium downtown and Nashville became the "it" city.
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@jamiepope @4thandsaturday When my Double-A Jacksonville Suns became the Triple-A Jacksonville Jumbo Shrimp, prices understandably went up. Similarly, Sounds are Triple-A & Smokies are Double-A. Nashville's a booming city. I'd bet they're in line for a major league team.
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Go support your local minor league ballpark.
I’m at the Knoxville Smokies game. Payed $20 for tickets behind home plate and beers are only $5. High level baseball being played as well.
Minor league baseball is possibly the best value in sports.
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