UndercoverBroker

Running corporate accounts globally, pushing paper and landlord concessions since 2007, not a media account

[UndercoverBroker @CREAnonymous]

@JulieChangRE We have multiple large banking customers - almost all of them are opening branches…

[UndercoverBroker @CREAnonymous]

@patcarino I don’t do this with retail - but this is essentially our business model with 30+ Fortune 500 companies

[UndercoverBroker @CREAnonymous]

@moseskagan Prop 13 has created some insane inefficiencies in CA in NNN properties, particularly industrial, as LL’s often do get higher rents, but tenants rarely get prop 13 protection, so if that LL sells the building day 1, the rent premium is no longer justified.

[UndercoverBroker @CREAnonymous]

@moseskagan @DallasAptGP Because expensive repairs, 0-60 in 3 seconds, and most people don’t FSD

[UndercoverBroker @CREAnonymous]

@PerrySolem Imagine owning 10 PJs and still choosing to live in Spartanburg

[UndercoverBroker @CREAnonymous]

@willowdesk @realEstateTrent Was this prior to Claude new model release?

[UndercoverBroker @CREAnonymous]

Except - at the end of the day the W-2 had more money net of taxes. The business owner was able to deduct all of those things because he PAID for them. The tech employee has all of them paid for by the company and his expenses were significantly less.

This myth is overplayed.

[Mitchell Baldridge @baldridgecpa]

Owning a small business is the best tax deal in America.

And it's not even close.

Two clients. Both made $1M last year.

Client A: W-2 employee at a tech company.
Client B: Owns a consulting firm.

Client A's tax bill: $317K.
Client B's tax bill: $180K.

Same income. $137K difference.

"What's Client B doing?"

S-Corp election. QBI deduction. Solo 401k. Home office. Business travel. Health insurance deduction.

Client A gets... the standard deduction.

[UndercoverBroker @CREAnonymous]

This should just say:

Would you like to pay an extra $3.99 or have your food totally suck?

[UndercoverBroker @CREAnonymous]

Billion dollar idea

Combo Spirit Halloween/For Lease Signs

You’re welcome

[UndercoverBroker @CREAnonymous]

They are called *shorts*

Not longs

[Jared Hardin @JaredDHardin]

Why is it so difficult to find a pair of freaking shorts that go below your knee?

This mid-thigh shit has to go.

[UndercoverBroker @CREAnonymous]

@_sorci_ It has discouraged property sales because of the tax advantages of holding

Investment in properties is discouraged as it triggers assessment

New product taxed at significantly higher rates than existing housing - hard to compete with legacy owners

Lowest turnover in USA in CA

[UndercoverBroker @CREAnonymous]

California's housing crisis wasn't an accident. It was engineered. A primary architect of today's sky-high housing costs is a 1978 law that has warped our market for decades: Proposition 13.
Let's look at how it directly fuels unaffordability. 🧵
#Prop13 #HousingCrisis

[UndercoverBroker @CREAnonymous]

@realEstateTrent Have hired 3 new grads this year - the work is still there

Kids think they are going to walk into $90k jobs with no experience

[UndercoverBroker @CREAnonymous]

Chat GPT is enabling the writing of longer emails in a world when people were already not reading their emails

It is so obviously when people are using AI to write their emails - I personally like it, but do wonder if all customers feel that way

[UndercoverBroker @CREAnonymous]

For over 40 years, Prop 13 has subsidized one group at the direct expense of another, broken the supply-and-demand cycle, and inflated a catastrophic housing bubble.
The question isn't if it has hurt California's housing market, but how much longer we can tolerate the damage.

[UndercoverBroker @CREAnonymous]

The damage extends for generations. By making it nearly impossible for young people and new residents to buy, #Prop13 has entrenched intergenerational wealth and slammed the door on those who weren't already on the property ladder decades ago.
It's a key driver of CA's inequality