Built a Chrome extension that scores every Zillow listing 0-100 on real buyer demand.
That 92 "hot deal" isn't a guess. It's reading saves, views, days on market, price cuts, all the stuff Zillow buries.
High score means everyone's already circling it. low score means a quiet listing with room to negotiate.
Find the deal before you call the agent. Export a clean, customizable, client-ready PDF when you do.
The office apocalypse everyone feared is quietly becoming a housing boom.
One NYC developer is turning dead office towers into apartments. 25 Water Street became 1,300 units. 222 Broadway is becoming 788. The city just handed them a site for 3,700 more.
Empty offices are doing what a decade of zoning fights couldn't: adding real supply.
The real story here isn't the arrests. It's that Newport Beach just made it a one-strike revocation on short-term rental permits, one bad guest and the permit's gone.
Those permits are capped and nearly impossible to replace. Peninsula Airbnb owners just inherited a risk they never priced in.
Everyone's calling the Newport Beach 4th of July chaos a crime story. It's a real estate story.
400+ arrests, and the city just quietly changed the rules: one-strike revocation on short-term rental permits. One bad guest on a holiday weekend and the permit's gone.
In Newport those permits are capped and nearly impossible to replace. Peninsula Airbnb owners just inherited a risk they never priced in.
Families will still rent Newport all summer. But the 4th on the peninsula? Watch owners start blocking that weekend just to protect the asset.
@rlPaidSlim@schverser@BellaBaddie__ By that logic you don't own your car because you pay registration. Paying to maintain something you own isn't renting it.
Everyone's calling the Newport 4th of July chaos a crime story. It's a real estate story.
400+ arrests, and the city just quietly changed the rules: one-strike revocation on short-term rental permits. One bad guest on a holiday weekend and the permit's gone.
In Newport those permits are capped and nearly impossible to replace. Peninsula Airbnb owners just inherited a risk they never priced in.
Families will still rent Newport all summer. But the 4th on the peninsula? Watch owners start blocking that weekend just to protect the asset.
@schverser@BellaBaddie__ Right. Renters cover the tax, the insurance, the maintenance, all of it, it's just buried in the rent check. The difference is the owner builds equity while doing it and the renter builds the owner's.
everyone's passing around florida's decline list. here's the other half of the country.
california metros are sitting at or near all-time highs. LA, san jose, san francisco, san diego, all within a few percent of peak while cape coral is down 22.
florida overbuilt for a decade. california never built. that's the entire difference.
supply is the only story that matters.
@NewportBeachPD is the best in the business.
Even though they left horse 💩 in the bike lane. Hope this doesn’t cause an E-bike crash.
Happy Fourth 🇺🇸🇺🇸
the "8 years" line is the one everybody skips right past.
most people hear "6 properties, 14 units, dream home paid by cash flow" and want it by next spring. you did the unsexy version. slow, boring, compounding.
the peace of mind isn't a bonus. it's what 8 years of not quitting actually buys.
the line that matters here: "slow money that gets fast at the end."
everybody quits in the first 5 houses because it feels like nothing's happening. that's the exact stretch where you're supposed to feel like nothing's happening.
the mailman didn't beat anyone to the finish. he just refused to quit during the boring part.
DSCR loans get lumped in with subprime but they're not the same thing.
08 was millions of owner-occupiers who couldn't pay, no equity, teaser rates resetting. DSCR is investors underwriting to rent, usually 20-25% down. skin in the game.
is there froth and fraud in the airbnb corner? for sure. but it's a niche, not the whole system. one bad loan book isn't 2008.