Ed Wu

Everything is my opinion not of any company or org. Most of it is posted as I bookmark so I can find it later in the abyss of the web.

[Ed Wu @edwu]

You give away your equity when you sell.

[StripMallGuy @realEstateTrent]

When you sell your home, you’re not paying a 6% commission.

You’re paying closer to 20% of your equity.

Math:

$2M home
30% down is $600k of your cash
6% of the $2M is $120k

So you’re paying $120k of the $600k:

Yup, 20%.

[Lance Lambert @NewsLambert]

Gen Z just overtook Baby Boomers

U.S. full-time workforce, by generation 

Millennials: 49.5m
Gen X: 42.8m

Baby boomers: 17.3m
Gen Z: 17.1m

[Chris Elmendorf @CSElmendorf]

SB 1123, signed into law yesterday, is a step toward allowing "Houston style" infill throughout California.

Unfortunately, due to vestigial CA-brain thinking, it's unlikely to unleash a Houston-style infill boom w/o further legislative tweaks.
🧵/17

[Charlie Bilello @charliebilello]

Increases over last 3 years...
CPI Medical Care: +6.3%
CPI Apparel: +10.4%
US Wages: +15.4%
CPI New Cars: +19.3%
CPI Shelter: +19.9%
CPI Used Cars: +20.3%
CPI Food at home: +20.6%
CPI Food away from home: +21.2%
CPI Gasoline: +23.8%
CPI Gas Utilities: +24.6%
CPI Electricity: +28.1%
Actual Home Prices: +31.3%
CPI Fuel Oil: +31.9%
CPI Transportation: +34.7%

[Lance Lambert @NewsLambert]

In March 2023, @JBREC published a report finding the U.S. housing market was “undersupplied” by 1.7M homes

In March 2024, @JBREC says we’re now short 2.1M housing units

[Robert Irwin @RobertIrwin]

Wow. This was a special moment. I think Dad would be pretty proud that we’ve become the first to successfully breed the turtle that he discovered. A rare, and unique species under threat in the wild has just been given a second chance.

[Ed Wu @edwu]

This man is a global hero.

https://t.co/50YgsDk4Un

[Ed Wu @edwu]

Something to watch for in the future is that climate change doesn't just impact where we live and our resources but also our health.

https://t.co/TljpRzNKLi

[Ed Wu @edwu]

Supply issues for years to come

[Kyle Kovats @KovatsMultiFam]

Just heard this incredible stat from James Egan on Odd Lots. “1/3 of all homes in this country are owned by people age 65 or older and 50% of those homes were bought before the year 2000” 😮. Now consider Case-Shiller is up 3X since 2000, 4X since 1990

[Ed Wu @edwu]

@mattbaran Thanks. That looks beautiful!

[Ed Wu @edwu]

@TLHMonkey We were already there....we just didn't know it.

[Ed Wu @edwu]

Most people don’t realized when they are rushing while driving is just rushing to the next red light. If those same people had the urgency about things that matter, they would get further in life.

[Ed Wu @edwu]

People are blaming everything except the most obvious reason for homelessness.

[Aaron Carr @aaronAcarr]

San Francisco’s poverty rate is 10%; Detroit’s is 33%.

San Francisco’s unemployment rate is 3%; Detroit’s is 20%.

Yet, San Francisco’s homelessness rate is a whopping 3 times higher than Detroit’s.

Why?

If you want to understand homelessness, follow the rent:

[Ed Wu @edwu]

Interesting results.

[Jay Parsons @jayparsons]

Wow, I somehow missed this earlier, but the Federal Reserve did a study on the impact of cities restricting/limiting renter background checks.

Result: Racial discrimination INCREASED when background checks are restricted...

[Ed Wu @edwu]

@dan__blackwell See flat rents in LA and Long Beach markets as well, especially studios, one, and two beds. We're seeing some growth in bigger units (chalking that up to SFRs being expensive and more people moving in again - reversion to the mean post-pandemic)

[Ed Wu @edwu]

Site planning is one of those things that small but also "small-minded" cities use to break the backs of people building housing.

[YIMBYLAND @YIMBYLAND]

HUGE housing wins in Austin today!

Council just passed resolutions to:
- Legalize 3 homes on every lot by-right
- Lower minimum lot size to 2500sqft
- Exempt 3 and 4-plexes from site plans, expediting approval from 1yr+ down to 60 days

Things are looking up in good ole ATX!

[Ed Wu @edwu]

Can I finally say goodbye to wire fees?

https://t.co/xzpo1QED1y

[Ed Wu @edwu]

@TheRealEstateG6 Deal

[John Jung @CityZoningPro]

Did you know? In LA, you can construct up to 3 units on your property without subdividing the lot - and you don't even have to live there! Curious to see if your property is eligible and how much space you can build? Reach out to us now! #SB9 #TimeToBuild #LARealEstate