Drew @meaty_bones
Joined January 2021-
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This might be a joke here but I’ve had this discussion seriously several times over the last few months. Like hey why don’t we buy this puppy down to zero.
This might be a joke here but I’ve had this discussion seriously several times over the last few months. Like hey why don’t we buy this puppy down to zero.
Yeah think we’re another 6 months out
These STR condos are such a smart business plan. Capture always growing desire from retail to become highly inefficient fragmented hotel owners.
These STR condos are such a smart business plan. Capture always growing desire from retail to become highly inefficient fragmented hotel owners.
I love the mid mgmt brokers that are so out of touch on the market but their jobs still exist just bc they can talk the talk on calls
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Open invite to anyone who also didn’t get invited that real estate gala thing to come rip dab pen in Murray Hill.
The people that impress me least in this industry are the nepo babies that act like they got to where they are completely on their own. Maybe I’d feel differently if I was one of them. Not sure.
The people that impress me the most in this industry are the ones that make a 💩 load of money, then lose it all. Then make a 🛥️ load again, but lose it all again. The more often they go through that cycle the more impressed I become.
My initial reaction is that higher cap gains creates Prop 13-like dynamics for all assets, but at the same time I can't imagine people engaging in more chicanery and mal-investment than they already do to avoid the 25%
Everyone I talk to already acts or makes decisions like the capital gains rate is 100% 🤷♂️
@meaty_bones What's most interesting from my reading is that there's no construction wage requirement for it. Is that right? If thats the case, thats a massive incentive over the 485x
@m2000chan it's so good... saddest thing is those random brokers incorporating it into their pitch decks by next week
@acquisizioni "It's a sickness" - Rockrose boss Elghanayan
Driving in Manhattan is terrifying and awesome at the same time 👀
@aussieflya it's an 11m read- perfect for your monologue!
@girdley Thank you, Girdley. And eff it why not, I am going through a very tough time and it is hard to remember that it will pass but it will
@Hue322 @meaty_bones Might have an idea for you. Do you still need help with this?
@ClarenceWongCRE @meaty_bones I’m out right now, but ill try to look at this and see if I can help!
@meaty_bones @m2000chan @BRobbins45 @Birdieman671 @air_real_estate Also, it would be a nice option if ARGUS had a separate additional “Reduce General Vacancy Result for Free Rent” checkbox. Logic would work similarly to the existing “Reduce General Vacancy Result by Absorption & Turnover” checkbox. Thx, @meaty_bones.
@meaty_bones It's been a bit since I last used argus but used to be a box with ... right next to the box you plug rate in. Should open a pop-up that allows you to start GV at an exact point in time
@meaty_bones Unless Argus has changed since I last used it, you should be able to detail out the vacancy assumption to start the month the spec lease space starts paying rent
@meaty_bones Do you think that that should not be the case? Makes sense in my head — vacancy metrics and free rent expenses are two different things. Yes, you get dinged when both GA vacancy and Free Rent is kicking in, but to me, this is fine? Curious what your thoughts are
@hitsamty Interesting… have spoken to their guys and gotten some weird messaging. Curious how this plays out
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