Terry Broussard

I’m a Realtor & Appraiser serving the Southern US since 1982 | A proud husband, dad and paw paw in Cajun Country | Sold it all and appraised it all!

[Terry Broussard @BroussardRealty]

Just traveled 100 miles to appraisal commercial property and saw 3 Family Dollar store closed are have closing signs!

All in small communities (under 10,000). Stores appear to be 10 or so years old.

Dollar General stores nearby still blowing and going.

Crazy market times!

[The Husky @Mr_Husky1]

I’m a realtor. The market is brutal right now. I had a young couple, first-time buyers. Pregnant, sweet, barely scraped together a down payment. They fell in love with a small bungalow. It was perfect. But then came the bidding war. Cash offers. $20k over asking. They didn't stand a chance. We sat in my car, and the wife was crying. "We're never going to find a home for the baby." I went to present their offer to the seller anyway. The seller was an elderly man named Arthur. He was moving to assisted living. He looked at the spreadsheet of offers. He saw the high numbers. Then he picked up the "Love Letter" my clients wrote—something most sellers ignore. Included was a picture of their sonogram. Arthur stared at it. "My wife and I bought this house in 1964," he said. "We raised three boys here. I carved their heights into the doorframe in the kitchen." He pushed the high cash offers aside. "I don't want an investor renting this out," he said. "I want that doorframe to be used." He sold it to my clients. For $10,000 under asking price. When I told them, they collapsed. Arthur left them a note on the counter when they moved in: "The house needs noise. Fill it with love."

Anonymous

[Elon Musk @elonmusk]

Yes

[Marcus Lemonis @marcuslemonis]

I will continue to advocate for realtors. It’s an important part of the home buying and selling process. They are underutilized and under appreciated. #BedBathandBeyondLovesRealtors

[Elon Musk @elonmusk]

Yes

[Daniel Herrold @DanielHerrold]

And so it begins...

Zips Car Wash - a 260 store operator owned by a Private Equity shop, just filed BK.

Cited a massive influx of competition that came into the car wash space AND burdensome lease obligations as some of their rationale for the filing.

If you read the BK filings, you'll see they have Hilco playing offense to negotiate rent reductions on their leases, and they plan on rejecting 39 of their locations.

More I'm sure to come in the car wash space....

[Elon Musk @elonmusk]

Reducing the federal deficit from $2T to $1T in FY2026 requires cutting an average of ~$4B/day in projected 2026 spending from now to Sept 30.

That would still result in a ~$1T deficit, but economic growth should be able to match that number, which would mean no inflation in 2026.

Super big deal.

[City of Orange Beach @cityorangebeach]

Snow on the beach in Orange Beach, Alabama! History in the making. @spann #alwx

[John Stossel @JohnStossel]

The Trump Administration just announced the U.S. will withdraw from the Paris Climate Accord.

Here’s why that is the right thing:

[Elon Musk @elonmusk]

Very wise words

[Blind Luck @Blind__Luck]

Buying BTC is like buying a company with no revenue that only has 21 million shares.

[RedditCFB @RedditCFB]

Mannnn this is cool. Louisiana Volleyball Senior Siena DeCambra tore her ACL and was taken out for the season. Louisiana put her in to serve at match point of a 3-1 upset over Georgia Southern, on Senior Night, and she aced it. 🥲

[QE Infinity @StealthQE4]

This is excellent.

I’ve been talking about Florida real estate being in serious trouble based on a lack of affordability/availability of home insurance but they actually have the exact numbers and it’s worse than I thought.

[Melissa Savenko @melissasavenko]

🚨 HOMEOWNERS 🚨: There are new HVAC rules from the EPA that go into effect January 1, 2025.

These rules are projected to increase the price of new HVAC equipment by 30 percent.

If your HVAC system is at the end of its useful life, it will be much cheaper to replace now.

[John Andreini @jandreini1]

Spoke with corporate restaurant CFO:

-Sales down across board

-80% of sales is from drive thru/apps

-30% sales are apps at 25% premium primarily from Gen Z

-Reducing restaurant footprint size by 50% due to this, reduces operating costs

-Debt / investor markets very expensive slowing growth

This is a microcosm of virtually all industries.

[The Tenant Advisor @CoyDavidsonCRE]

Hot Take: Eventually over time the public is going to figure out the the way Realtors did business before the NAR lawsuit was pretty efficient. The only winners were the attorneys.

[Terry Broussard @BroussardRealty]

@landlawyerbrian Good move! 👏👏

[Elon Musk @elonmusk]

America is going bankrupt btw

[Terry Broussard @BroussardRealty]

@kylematthewsceo @Cadillac Sorry to hear Kyle. We are on Escalade #6 with latest being 2021. None have ever been in the shop. Guess a hit& miss thing.