Hank Babin

Husband, Father, Commercial/Industrial Real Estate Agent & Appraiser

[Hank Babin @HankBabin]

@TomCruise Happened to get onset 30 years ago while you shot the final scene in London! Great entertainment. Thanks for churning out movie experiences all these years.

[Hank Babin @HankBabin]

@TomCruise Stumbled across #MissionImpossible set during Summer of ‘95 in London near Thames. Saw DePalma directing @TomCruise and Ving for final scene of MI1. I was there in the beginning. Looking forward to seeing the finale on big screen!

[Hank Babin @HankBabin]

@ScottDKushner This can also impact the bond rating b/c property taxes are steady & typically grow at small amount. While sales tax collections fluctuate year to year based on economy/spending. So bonding out a sales tax nets less for municipality than property tax because bond rate is worse.

[Hank Babin @HankBabin]

This is because of Homestead Exemption on property taxes. About 1/3 of LA residents are 100% H/E (meaning they pay no property taxes) and in some taxing districts, that can be almost 70% of residents paying no property taxes to municipalities or services. So the schools, fire districts, etc make up for it with high sales taxes.

[Hank Babin @HankBabin]

It’s common knowledge in DC that one potential solution is Federal Disaster Insurance. The NFIP rolled out Risk Rating 2.0 for flood but never asked 2 questions: 1) How much do we want program to collect annually? 2) Is it affordable? Turn NFIP into all natural disasters (flood, fire, tornado) and make requirement ALL federal backed mortgages have to have coverage.

The risk has already been quantified. Using simple
math and data already available, I devised a FEMA system that would generate $18B annually with no mortgaged homeowner paying more than $1k annually and low risk areas would be $125.00 annually. To contrast FEMA was only collecting $3.5B annually for NFIP in 2023 and only 10% of homes with were insured.

As for private insurance, they’ve been able to compartmentalize revenue and losses by state and by category (home, auto, life). Somehow, the concept of ‘spreading the risk’ needs to happen again.

Companies should have to write nationally and offer all coverages or they can’t operate. When they are allowed to cherry pick areas by high risk geographic boundaries it leads to what is happening now. In lending, it’s called Redlining and it’s a federal violation of law. But it’s somehow allowed with insurance and state governments end up being insurers of last resort (costing taxpayers money).

Sadly, most U.S. government officials I’ve talked to see no way to change the system. Might be another @DOGE issue to examine.

Living in South Louisiana and being in real estate makes one think about this a lot…

[Hank Babin @HankBabin]

@ForePlayPod Alan Sheppard begs to differ…

[Hank Babin @HankBabin]

@houmanhemmati Same has been happening in Louisiana for years. Now CA and FLA. It’s a multi-variable problem that will require deep thought and outside the box answer. Not exactly something state or federal politicians are known for.

[Hank Babin @HankBabin]

@BenjaminSWatson What about college ball boys? UT needs to work with this guy more. Total whiff against Vandy DB after fumble recovery.

[Hank Babin @HankBabin]

@NewsLambert @FirstStreetFdn @axios @KavyaBeheraj Risk Rating 2.0 is an unmitigated disaster. Never examined expenses in system. Never considered whether it was affordable. No revenue target. 💯 Govt boondoggle.

They call it ‘Equity in Action’. The only action our equity is taking is that it’s disappearing.

[Hank Babin @HankBabin]

@AGMcWhorter @CatherineMcW_24 @espn @Gosset41 @wfaasports #SCTop10

[Hank Babin @HankBabin]

@sonnypickett @RossDellenger That being said, I think 16 was as big as some conferences wanted for logistics. For planning, scheduling, playoffs, four 16 team conferences (BIG, SEC, ACC, XII) makes sense. But they only care about dollars and cents.

[Hank Babin @HankBabin]

@sonnypickett @RossDellenger If SEC expands, it likely would be ACC schools. Keeping regional rivalries by adding FSU, Clemson, maybe UNC and another. Other conferences are coast to coast. Where do you think recruits will go/stay? In 4 years I think there is scheduling regret in BIG, but $$$ to wipe tears.

[Hank Babin @HankBabin]

@TomCruise Talked my way on the set along River Thames in 1995 to see filming of last scene of the original! Enjoyed the movies from the VERY beginning!

[Hank Babin @HankBabin]

@Cauble @LSUTigersVoice I had her take this picture to send to my friends before the rally I knew was coming.

[Hank Babin @HankBabin]

@Cauble @LSUTigersVoice In the epic WF game before the bottom of 11th, in order to reverse the mojo and awaken our bats, I put my phone in selfie picture mode & watched the sports bar TV in reverse. Crews singles. Tanks hit HR. Tigers win! My wife shakes her head in disbelief. But I knew. I believed.

[Hank Babin @HankBabin]

@3YearLetterman 100%. We talk funny, listen to strange music, and we eat things you’d call an exterminator for. We dance even if there’s no radio. We drink at funerals. We talk too loud, laugh too much, and we are suspicious of those who don’t. And for waterbed finance: https://t.co/xwsvxU1W7V

[Hank Babin @HankBabin]

@MdBergeron @Super70sSports Back? It’s currently in 6 of our parks now… 😂

[Hank Babin @HankBabin]

@rpliska 14 months post-Ida in LA and still we’re dealing with aftermath. Debris clogging drainage canals. Businesses wiped out. Public housing destroyed. Neighbors still living in trailers. Repairs on schools not even started. Insurance nightmares. It’s a long maddening road of recovery.

[Hank Babin @HankBabin]

@MedcalfByESPN Fantasy football