MUDGE

Husband. Father. Investor. CRE Broker. Surfer. Trail Runner. Plunger. Avid Reader. Playlist Curator. MuFam Productions Exec Producer. Grateful for every day.

[MUDGE @JMMuu]

I spent a month listening to the birds instead of tweets. It was glorious.

“You will go out in joy and be led forth in peace; the mountains & hills
will burst into song before you, and all the trees of the field will clap their hands”

This month: No booze. Wish me luck!

[MUDGE @JMMuu]

CA is too big to fail at this point. There is a plan in place to shoe-horn @GavinNewsom into office. Then they have un-fettered access to TARP trillies to bail out the state... Thats also why no one's worried about the billionaire tax exodus that happening @friedberg!

[Molly O’Shea @MollySOShea]

BREAKING: David @friedberg says "California is functionally bankrupt"

"People don't realize how screwed California is, & I worry that if California falls, so does the union.

"$250 billion to $1 trillion short."

"This is because for California to get rescued would be a big cost to red states, & I think it creates in the years ahead a lot of tension."

"California's functional bankruptcy is a major risk to the country. & I think we need to figure out what we can change to fix it."

How we got here:
"California has a public pension system, & that public pension system retirees have paid into it & they get some benefits out, & the amount that they're owed back out is somewhere between $250 billion - $1 trillion dollars more than has been paid in.

$250 billion to $1 trillion short.

If it was the federal government, it would be like, okay, we'll just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits.

There is a Supreme Court case in California that said that once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits.

It has to stay forever, and the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it. No state has ever declared bankruptcy, and the retirement benefits sit senior to the bonds in California.

So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services."

Hill & Valley Forum 2026 (@HillValleyForum)

[MUDGE @JMMuu]

@joshrauh @sdellavi @berkeleyecon Why ask anyone to “give” when the government can just “take”?!

[Joshua Rauh @joshrauh]

Let this sink in. California wealth tax architect Saez admits it here: he would let 80% of billionaires leave CA, liquidating Silicon Valley and its jobs, for an extra $2 billion per year in revenues. This is in a state that spends $325 billion per year, up by 68% since 2019.

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@michaelwhittle The call declined... genius! No one answers the phone any more!

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I haven't been on twitter in a long time... Is this @GovPressOffice a parody account? Is this like The Onion but for CA Politics? Or is this a real representation of the Governor of CA office? Is this a deep fake with a NYT watermark?

[Governor Newsom Press Office @GovPressOffice]

Correct. We’re sorry your daughter hates you, Elon.

[MUDGE @JMMuu]

@PrettySophieK @landmarkbookstn @booksoftitans @hendrixart Landmark Booksellers is like a little slice of heaven on earth. And having yall both there was such a treat!

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@booksoftitans @hendrixart @PrettySophieK This is going to be a great event! Looking forward to it!

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@thehvacjack @_RyanMcD @walt_russell02 @samsesin @bhastings @cferrell912 @tobatola @altusowl @MidTNSearcher @NeilGranberry @connorpera I haven't logged into this for years... Did I miss the event?! 😅

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@SacAppraiser @ResidentialClub Checks sheet looking for Nashville… phew! Squeaked out a little more price gains this year! 😅

[MUDGE @JMMuu]

@WillColeman31 @valueaddmike For some reason, I thought this 4,000SF was in Nashville... Clarksville is going to be too far out, but I could run a survey of commercial leasing brokers that are active in the market. Are you wanting to buy more in Clarksville?

[MUDGE @JMMuu]

@creditorlaw Interesting... would love to track these kind of opportunities to be ready for the sale...

[MUDGE @JMMuu]

@WillColeman31 @valueaddmike I do commercial leasing and sales. Would be glad to walk the space and give you some feedback/insights and discuss how I might be able to help!

[MUDGE @JMMuu]

@thehvacjack @RandBusiness @NeilGranberry @connorpera Logging onto Twitter for the first time in what feels like a year... Bummed that I missed this event! Is there another one coming up soon?!

[MUDGE @JMMuu]

@michaelwhittle It’s like we all have Stockholm syndrome and are finally starting to realize we’re held captive and yet entangled… unable to escape… If only we knew where to get help?!

[MUDGE @JMMuu]

@ethanflynncpa CA is 40M people… and there are studies that hint at the extent of the discontent. Up to 30-40% want to leave 🤯

To silence any online trolls, let’s reduce that to 10%…

THATS still 4 MILLION from CA moving. Huge impact on the inbound cities… Willco 📈📈📈

[MUDGE @JMMuu]

@john_vignocchi @brownie_terror This is a great list… makes me miss home a little bit!

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@ethanflynncpa Reminds me of this one… I wish we had an updated/current version

https://t.co/pJjFe0iTes

[MUDGE @JMMuu]

@ethanflynncpa This is a great visualization…

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@scottbkingston Great building. nice listing! $3.3M seems like a steal.

[MUDGE @JMMuu]

@kevin2kelly This is an awesome invitation... If I still lived in CA I would make the trip and also bring my surfboard! I still think about, and often reference, when I first read The Inevitable... what a great read!