Dakota

[DOM @DOM_Frederic]

the fact that #9 is only #9 on this list is something, theres only one 18

[Ian Rapoport @RapSheet]

From @GMFB: #Steelers coach Mike Tomlin walked into a team meeting yesterday and relatively quickly, informed his players he was walking away. What it means...

[Adam Schefter @AdamSchefter]

Entering December and Week 14:

[Adam Schefter @AdamSchefter]

This week’s edition of “good, better, best”.

[Dakota @DK_Rowsey007]

@RiggsBarstool @TaylorMadeGolf 83?

[Dakota @DK_Rowsey007]

We are so back

[NFL @NFL]

every Bears fan: we are so back

Watch on FOX
Stream on @NFLPlus

[NFL @NFL]

every Bears fan: we are so back

Watch on FOX
Stream on @NFLPlus

[Adam Schefter @AdamSchefter]

WR woes: Chargers WR Ladd McConkey is being evaluated for a head injury and WR Quentin Johnston is questionable to return today due to an ankle injury.

[Dakota @DK_Rowsey007]

🤢

[Adam Schefter @AdamSchefter]

Texans will wear their all white uniforms for Sunday night’s matchup vs. the Bears.

Bears will wear their all orange uniforms vs. the Texans.

[Adam Schefter @AdamSchefter]

Dan Campbell’s Applebees commercial is truly championship caliber:

[Cody Delmendo @cody__cubs]

My favorite Javy Baez moments in no particular order and other fun El Mago moments, a thread 🧵

Go ahead homer in Game 1 of the 2016 NLDS.

[floridanow1 @floridanow1]

@JomboyMedia I think the people are feeling Patriotic🙏🇺🇸

Remember Whitney at the Super Bowl around the time of Desert Storm?

[Moses Kagan @moseskagan]

What every voter should know about housing policy

1. Rents reflect the balance of supply of apartments and demand for those apartments in a given area. That’s it; there’s no magic. If you want lower rents, you can hope for a recession that destroys jobs and, therefore, demand. Or you can add supply.

2. There is no amount of money that any big city government could feasibly spend that would add materially to supply. This is because, depending on the location, new apartments cost $250,000-1,000,000 to develop… building even a few hundred of those starts to stress any city budget, and many big cities need tens or hundreds of thousands.

3. On the other hand, investors (including pension funds and endowments, insurance companies, rich families, etc.) can collectively **easily** provide enough capital to build as much housing as we need **so long as they are confident they can get a reasonable return**.

To get those investors to fund the creation of the housing our society so desperately needs, we must do two things:

1. Dramatically reduce the time & complexity associated with securing governmental permission to develop housing.

This means reviewing and simplifying the overlapping regulations that constrain housing production: zoning codes, building codes, parking, ADA, etc. But it also means changing the cultures within the relevant governmental agencies from “default no” to “how can we help you?”.

2. Provide certainty around on-going regulation of apartment operations.

The way investors get a return from building rentals is as follows: They hire managers to lease the apartments, collect the rents, pay operating expenses and any mortgage payments, and then send the investors the cashflow that remains.

But governments all over the country have been restricting the manner in which apartment buildings can be operated in all kinds of ways.

For example: Cities have been making it harder to screen tenants, while also making it much harder to evict tenants who don’t pay. You can see why both of those measures are politically popular. After all, who doesn’t want people to get second chances? And who wants anyone to get evicted? But, as a manager, the combination of those two regulations makes it much harder to predict, with any certainty, that the rent will get paid… and that makes it very difficult to get investors to provide capital to create more housing.

Another example: Rent control. Again, I understand why renters love rent control and why politicians want to give it to them. But, if, as has been the case in NY, LA and San Francisco, city governments hold annual rent increases below the rate of growth in the operating expenses of the buildings, the cashflow payable to the investors shrinks… making them much less likely to invest capital in building more apartments.

In conclusion: For ~every other good or service in the economy, we allow the market to function, and the result is that we have a surplus of choice at all price points (think of food or clothes or cars), which is spectacular for the consumer. If we want a surplus of choice at all price points in housing, we need to get comfortable with the idea of allowing the market to provide it.

And that means allowing investors to build rental apartments *and* allowing them to operate those apartments in a manner consistent with making a reasonable profit.

[Dakota @DK_Rowsey007]

@CalebFC18 WLWLWWWLWLWLWWWLL
10-7

[Dakota @DK_Rowsey007]

@CALEBcsw You’ll be flying home to Chicago together too

[Dakota @DK_Rowsey007]

@MySportsUpdate @AdamSchefter When did Mariota turn 50?

[Press Box After Dark @PressboxAD]

Did this really happen in an Elite 8 game? #UConn #MarchMadness

[Dakota @DK_Rowsey007]

@AdamSchefter @UnitedStates

[DJ Moore @idjmoore]

R.I.P Dick Butkus 🙏💫
Was looking over us Tonight