fen

[fen @FennyFen]

@mns no, but not brutalist either.

[fen @FennyFen]

@bobbyfijan nah this is complete nonsense and a really lame distraction from his otherwise on point messaging

[Lance Corporate @lance_corporate]

You only need to make $400k if your kids like blueberries

[Just a Dude Who Invests @DudeWhoInvests]

Bill Ackman on getting through a stressful & negative period in your life…

I come back to this video so often. Any time I am in a bad spot. Worth the 2 minutes for sure.

[fen @FennyFen]

@CohenSite lots of developers i know have thought about it (including myself). the issue was always that there was barely any bank $ willing to lend to end consumer and rates were always +50-100bps higher than conventional. only relatively recently (i think) is there a 30yr fixed product.

[fen @FennyFen]

@alexisxrivas so you guys ever intend to develop more traditional looking housing? your designs are awesome for those in the market for a modern home but most of our clients these days want traditional styles

[fen @FennyFen]

@LA_Multi_Fam @nithyavraman we developed multifamily in city of LA for over a decade and probably won’t bother ever again. impossible permitting timeline, inspection hell with no recourse and when you get to the finish line a completely shifting regulatory landscape. not worth it for 5-6% yield.

[fen @FennyFen]

@Storage_Venture one on the bluff and the other in the hills. the mayor passed executive order 8 in july, LADBS didn’t even know what was going on, I had to explain it to our plan checker lol

[fen @FennyFen]

@Storage_Venture the 110% thing is old… as long as you adhere to current zoning code you can be expedited for as big of a house as allowed by zoning. we’ve permitted two and just started construction. took ~60 days from submit to RTI.

[fen @FennyFen]

@alexisxrivas yes, which i was surprised to hear from my plumber. not a sprinkler expert but any time in the last few years i’ve had to install new it’s always required 1”

[fen @FennyFen]

@LAMultiBroker i lived there in 2010 haha, great fourplex. they tried to entitle it and the one next door to tear down and the neighborhood revolted and got it recognized historically. the owner ellis’d and it sat vacant for 5 years

[fen @FennyFen]

@alexisxrivas i drive by the highlands reservoir every day and it looks completely empty still btw

[fen @FennyFen]

@icreatelife helppppp

[fen @FennyFen]

@JMGregorchuk why do you love pain

[fen @FennyFen]

@JMGregorchuk fair enough. keep us posted how it goes.

[fen @FennyFen]

@LA_Multi_Fam send them my way, we’re breaking ground on two later this month. one is hillside, the other flat. just under $620/sf