@EdwinLandy@thennoww@marcuslemonis@SpaceX@elonmusk How many cargo ships (actual boats) sail from the US to Europe/London? Theres both flying cargo (more expensive) and shipping cargo (less expensive)
Now tell me this - what are the two methods to get to space? Oh wait. There’s only one.
@elonmusk Someone convince me to drop @ATT fiber in exchange for this?
My concern is I’ll need to eventually upgrade to the Starlink hardware to get the Gigabit speeds.
I’m hopeful at least.
It totally is. This is more DFW/Texas Centric - but they just can’t grip reality in terms of selling their 4.5% cap rate purchase for X% lower than their basis and wiping out the entire equity. So they will hold and hope on a prayer until the lender forecloses.
Then the lender will try to dangle a 3YR note at 3% interest to try and hedge their ability to get as close to the existing loan amount in sale proceeds.
Meanwhile, there is still the $20K/door in capex needed to be funded somehow and refusal to bake that into their price assumption like any realistic buyer be doing in today’s market.
Makes you feel a bit like a divorce lawyer.
100%! There’s gonna be some turbulence until the neighboring properties next door that were bought at 4.5% caps and banking on 5%+ yearly rent growth are shaken out.
But if you’ve got the skills, capital and patience, they are home runs to be hit! Especially with new construction drying up a bit, you’ll see value add start to come back around on well located dirt.
You misspelled Dallas…
But actually you’re right as a whole broad point. No one wants B/C becuase they are scared they’re catching the falling knife on the basis (especially when you see stories like S2’s REIT implosion).
Plus it’s really hard to convince equity to Leroy Jenkins with you into those deals. But if you have a 10 year hold, I think you’d really come out ahead.
Moral of the story (at least in our office) with these current rates, your long term fixed rate is pretty much dead. Floating rate is shifting more into focus/da belle of the ball. Which sucks because agency floaters for MF only work for Freddie as Fannie’s is just awful.
You could maybe 5-7 years fixed rate agency but highly dependent upon business plan, and still could be smoked on YM like Leyla said.
@SawyerMerritt@SpaceX If this is true for @Fidelity customers, and they don’t help their retail who is just below that amount (but above $300K), I will (god as my witness) walk my ass over to @vladtenev & @RobinhoodApp to join their ranks.
Some bullshit right there with that $500K Min.
@aimeepicchi wrote this article talking about the one factor determining if Americans will have wealth.
And she also thinks that the YOUNGEST millennials were born about 1986? And the YOUNGEST millennials were around 34-42 years old in 2019?
Talk about clueless and unable to fact check properly.