@cashkern@ScottChoppin Still tends to be relatively high IRR and relatively low equity multiple given the short hold and therefore gets screened out by some investors, but consistent and staggered deal flow helps solve (at least partially) for that
@cashkern@ScottChoppin Not affiliated with Scott and not speaking for his strategy— but we run a similar playbook and actually tend to put more LP equity to work on pure entitlement deals than development. A- Closing on land ~all cash B- More attractive capital than common equity $$ available for dev.
@matthewdmarsden Texans should vote for the candidate that aligns best with their values— for plenty of Texans that includes the importance of the American-Israeli relationship, of which Senator Cornyn has been a stalwart advocate for decades.
Paxton is clearly still the favorite, but Cornyn is not out of this race. If you’re a registered voter in TX, EV is over but you can still vote on Tuesday, even if you didn’t vote in the primary. A Talarico-Paxton general is bad for Texas, bad for the US, and bad for Israel.
Final count of early voting + mail now that the EV period is over in the Texas Republican runoff.
These counties cast >25k Republican primary votes in March. Pretty solid turnout in Travis/ Lubbock/Harris/Bexar
SOS reports ~829k votes total; primary was 1.3M early+mail
#txsen
@robbiehendricks The absolute best use of FF and credit card points is international business / first. Not at a point I can justify paying cash, but it’s where ~all my miles / points go
@HowardRoark90@rohde88 Yield-on-cost may be unlevered by definition but “yield” can be either levered (CoC / “cash yield”) or unlevered (YoC). There’s nothing redundant about clarifying that he’s referring to the latter.
@BarredinDC I can squint and see it if not introduced as an undergrad when the natural alternative is Doms or whatever rather than Skeeps / Ricks / Cantina
Well, the ROAD to [Less] Housing Act is back on the radar it seems.
Reminder that this bill effectively bans construction, not just acquisitions, and creates enormous new bureaucratic red tape over housing.
@robbiehendricks@andyantiles_ OP’s post reads like he knows people who are in trouble buying at the peak 3-4 years ago and is (wrongly IMO) extrapolating that it means it’s a bad investment today.
@jasonc_nc How much would you have to raise prices to not charge?
My non-coffee shop-owning hypothesis is you lose alt milk drinkers for charging extra but you don’t lose milk drinkers by charging the same. While I don’t blame shops for scaling with cost, it may not be profit-maximizing.