Ernie Theurer

shitty rice cooker chef. bumbling oat.

[Ernie Theurer @_waterproofed]

@aussieflya @DPOURBABA Hardcosts would only change if a source required prevailing wage or local hire. Also the unit mix might have to change to accommodate large family and increase hardcosts TDC but in my opinion kinda fakely.

[Ernie Theurer @_waterproofed]

This is what the iron throne looks like in the books

[smol silly cat @Catsillyness]

A king in his throne

[Ernie Theurer @_waterproofed]

@busgus For multifamily Land value is 0.... Yeah...

They literally installed a soccer field on one next to my place after being vacant for a decade

[Ernie Theurer @_waterproofed]

@busgus @SukritGanesh Well if you haven't noticed it's not that high and it's basically all affordable which has a drastically different financing structure and return

[Ernie Theurer @_waterproofed]

What is this church on the second floor or something?

[tantum @QuasLacrimas]

It's likely the very reason this man's church hasn't been renovated since 1949 is because if they made reasonable improvements to the ramp or entryway they'd lose their grandfathered-in status, trigger the ADA, and be forced to install eye-poppingly expensive elevators

[Hannah Wiley @hannahcwiley]

We are warm and safe and well fed but going on 24 hours without power in the Richmond and still don’t have an update from @PGE4Me on when we can expect it to be restored. Tried to have patience at the start but this is outrageous.

[Ernie Theurer @_waterproofed]

@stevehaag81 @ShooterCoal And how many of those are still standing compared to those built by bone fide contractors...

[Ernie Theurer @_waterproofed]

@jansramek And I could be a trillionaire lol

[Ernie Theurer @_waterproofed]

@SinaiLawFirm One class is not subsizing the other. Affordable housing is paid for by lenders and investors in exchange for tax credits.

[Ernie Theurer @_waterproofed]

The building is funded by tax credits purchased by an investor at a discount in some cases 70 cents on the dollar.

Your bank funds affordable housing, and gets a rich profit to do so.

[Ernie Theurer @_waterproofed]

Affordable housing does not mean subsized. It simply means a regulatory agreement has been enforced on the property to limit the rents to a certain AMI percentage. The surrounding renters are not offsetting these limits either. /1

[Real Estate Lawyer @SinaiLawFirm]

@Derrick_NOLA very hard to know

but it goes to show a lot of statistics that show 'median rent' in the city are misleading, if we have a significant number of housing units that are subsidized

[Ernie Theurer @_waterproofed]

I mean you can blame the city but high level each year that would require roughly $26 Billion in investments in construction costs and $9 in other costs. The top 3 GCs generated only 12B in revenue

[Toby Muresianu 🇺🇦 @tobyhardtospell]

For LA to meet its minimum legal housing requirements, it needs to permit 98,348 units per year from 2025-2028.

[Ernie Theurer @_waterproofed]

@antoniogm Who would have guessed this would have. you spend 100s of millions of dollars on improving a single park.

Like this is apples and oranges

[Ernie Theurer @_waterproofed]

@emissionite There is 0 market rate being built right now. Thinking that the switch to 100% affordable tanked this is ridiculous.

[Ernie Theurer @_waterproofed]

@kane @sfplanning I mean calling it an Office Depot is a bit disingenuous no? Like it's clearly an old warehouse style building.

[Dez Bryant @DezBryant]

Cal QB alright

[Ernie Theurer @_waterproofed]

Where is the furniture??

[Evan Cox @EvanCox_]

Dad is absolutely dialed for game 6

[Ernie Theurer @_waterproofed]

Isolating Orca to RB is criminal.
Smartest animal on the pitch sidelines to making crosses to Tiger or fox. Orca's got no target. Swap Orca and Horse

[L @Iewdawg]

this is football

[Ernie Theurer @_waterproofed]

@CaseyMericle @SinaiLawFirm All you have done is shifted the ground lease negotiations to the building sale negotiations. If they don't like the terms of your internal agreement they will walk away.

Not to mention of the building owner differs maintenance now you got a liability instead of an investment.