Eric Stratton

[Eric Stratton @Eric_Straton]

Hold up!
Housing is "supposed to" pace inflation? Wow!
You really are the alpha economister.
See, I was under the impression that supply and demand determine housing prices and the purchasing power of money.

Love to see that data on this house going back to 1026.

(PS. The sellers like your bid, they want to see a Proof of Funds from you before they counter-offer to $3,300,000)

[Eric Stratton @Eric_Straton]

VERY impressed! You wrote "I’m in the .0001% of actually understanding economics."

So when you wrote, "If you take home values down 30-40%", can you be more precise in your language?

Who is you, and, in this context, what do you mean by "take home values down" ? Is that some fancy economics term I've never read from the Austrians?

Definitely need to learn this "take values down" idea whenever I want to buy something.
I've just been negotiating, if I can just "take values down" in addition to that, amazing!
You are you selling a webinar where you teach how to just "take down" the price of anything that I want to buy...

You are the master economist!

[Eric Stratton @Eric_Straton]

@BarbellFi Jokes on the Boomers. While they were busy building things, they never experienced the hours of Twitter joy.

[Eric Stratton @Eric_Straton]

What is the BIG difference between the Olympia Theater in downtown Miami and the Tampa threater?
Having been in both, and understanding the history, I'd say that they are VERY similar.
Olympia Theater is about 8 months older and hosted the 2025 Miami Film Festival.
The last Olympia rennovation was 2012 ($12m+), and the current rennovation (probably $75m+) is currently underway.

[Eric Stratton @Eric_Straton]

Let's re-write that in a more honest way. Your post is terribly misleading.
Miami Dade Public Schools receive 40% of MD Property Tax receipts for the MDPS.
Your post conflates State Funding and Local Funding.

IF parents DECIDE they want their child to attend a private school, their PROPERTY TAX bill is the same, local funding for MD Public Schools is the same.

Home owners (with or without children) MUST pay 40% of their property taxes to MD Public Schools; whether their child attends private or public schools.

In Miami Dade County, the elite private schools do not accept the $8,000 per year Step-Up vouchers from the State.
Again, parents with children at Ransom Everglades, Gulliver Prep, etc. pay for Public Schools AND Private Schools, with NO subsidies or tax relief.

[Eric Stratton @Eric_Straton]

The "Mother of Miami" Julia Tuttle settled on the north banks of the Miami river in the late 1800's.
The "Other Mother" of Miami settled on the south banks of the Miami River.
Together, they are known as the Co-Founders of Miami when it was Incorporated in 1896.
They both came from Cleveland Ohio.

[Eric Stratton @Eric_Straton]

The kid hasn't been adulting for long if ever.
Context matters.
Brooklyn, Queens, LI, Manhattan are Burroughs in the CITY of NY.
Brickell, the Central Business District, Midtown, Edgewater, Coconut Grove, Little Havana, Wywood, etc. etc. are NEIGHBORHOODS in the CITY of Miami.
Coral Gables, Doral, Miami Beach, etc. etc. are CITIES in Miami-Dade County.
One day, he'll learn about voting, property taxes, juristictions, and other adult things. Then comes a better understanding of why all those City things matter.

[Eric Stratton @Eric_Straton]

@RealMikeSchall Great news! You can buy it and put your money where your virture is.

“Idealism is fine, but as it approaches reality, the costs become prohibitive.” WFB

[Eric Stratton @Eric_Straton]

The bridges on I-395 were dangerously deteriorated. The serpentine curves and dual sided entry ramps were not safe, especially from the waterfront to I-95.
Personally, I love the suspension bridge in our downtown. It frees up a lot of public space under the deck and makes for much safer and inviting connectivity for moving from the Performing Arts Center to Art Museum, Science Museum, and Museum Park.
Those old piles of dirt holding up the road formed a terrible barricade between neighborhoods.
And yes, better traffic flow from the cargo port/cruise ship port to the Interstate Freeway system does pencil out.

[Eric Stratton @Eric_Straton]

@brockm So you support taking from others, because they are giving to others?

Interesting.

[Eric Stratton @Eric_Straton]

@volvoshine You are new to town, but when you learn about the "Spite Wall" fued between Ben Novack and Harry Mufson from the late 1950's, you will know why IT is the most petty case in Miami Real Estate, and you will learn why the case is studied in real estate law classes today.

[Eric Stratton @Eric_Straton]

@burnermitch22 @FloridianDev Better question: Why would someone paying market rate want to share their home with a fire station?

[Eric Stratton @Eric_Straton]

@volvoshine Margret Pace park is amazing, however their cameramen pan like they are soooooped up on the junk.😘

[Eric Stratton @Eric_Straton]

@BillAckman Phenomenal share Bill. Powerful good.
I'm not saying that because it's possibly the shortest, it's because you communicated a volume in less than 15 words. Thanks! Your aim is true.

[Eric Stratton @Eric_Straton]

The Metromover is not, nor has it ever been free.
Some entity always has to pay. The COST is over $8 per ride.
A September 2026 Miami commissioner’s account, citing federal reports and the department, puts 2024 operating cost at about $33 million for the LOWEST estimate for OPERATING expenses. (not includuing CapEx which is currently around $50m per year)
Ridership for 2024 is 7,246,500 annual trips.

Dividing those operating totals by 2024 riders:
At $33 million OpEx per year, this costs every taxpayer about $4.55 per ride. (ignoring the annual capital expenses).

[Eric Stratton @Eric_Straton]

@MicahBerkley @capt_jman Metromover cost 25cents when it opened, and for years afterward.
They figured out how to collect a fare on the 1,000 moving buses.
They figured out how to collect a fare in EVERY Metrorail station.

Don't panic. Every little thing is going to be alright.

[Eric Stratton @Eric_Straton]

@tomfgoodwin It was not designed to be free. The Metromover opened with a 25 cent fare in 1986 and for 16 yrs.
For 14 years, since 2002, whenever anyone buys something a 1/2 a penny sales tax goes "to tranportation".

1st time I heard a "it would cost more...to collect a fee" argument was on the AM radio. I pulled my car over, grabbed a quarter from the ashtray, and called the radio station. For those new to Miami, the "infrastructure" for collecting payments has changed a lot in the last 3 decades

[Eric Stratton @Eric_Straton]

Love this kid!
He has been "adulting" for a month or two.
I get it.
His contribution to make the world better is this selfie.
Kudos.
Not surpriseinly, this mid will only be amplified by other mids.
Be specific genius. Apart from Mom and Dads house, what "architecture" have you lived in?
Was it the Zaha Hadid's first residential tower in the USA?
So cute. So Naaive.

[Eric Stratton @Eric_Straton]

Nice scootering... I love your passion/energy, but if you claim to be a "New Development Expert" at least be knowledgable.
This isn't the most expensive by any stretch of the imagination. $1B for 35 acres is LESS THAN the $100m+ for 1 acre on the Miami River pre-Covid.
Important sale, for sure; not close to most expensive. It's Wynwood, not Financial District or CBD.

[Eric Stratton @Eric_Straton]

@dadedirtbag305 When I moved to Brickell in 1992, the biggest complaint was: no quality housing, and, everything closes at 6pm.
It's only been a generation, and the new complaint is there are too many people, too much to do, its too active until the morning....
Great job Miami problem solvers!