For the price of a 600-square-foot studio condo in Manhattan, you could own a 16-room 1878 French Second Empire mansion in West Virginia.
https://t.co/9A0LF3RLqb
Here's a view that I like.
Inventory change per week of year. The blue dots show the "normal" change for that week. Purple and orange dots are this year's change.
The bars show the spread of what has happened. Extremes were mostly 2020 and 2022.
This week inventory climbed more than in any Week 40 going back to at least 2015. More than in 2022 even!
Nobody wants a 3,500 sq ft boomer house.
Gen Z doesn't want it.
Millennials can't afford it.
Foreign buyers are gone.
These homes are becoming stranded assets. And there are thousands of them sitting on the market right now.
The overvaluation of Multi Family RE assets is rampant in Georgia.
At least 5-7 years of profligate, dumbass valuations from willing “lenders,” easygoing appraisers and willing “borrowers” all over metro ATL.
Smells like a metric shit ton of laundered money.
“Real-estate investor Ashcroft Capital borrowed against five apartment buildings in Georgia and Texas. Average rents during the first quarter were $1,423 per unit, far below the $1,953 projected…and income generated from the properties only covers 57% of the mortgage payment”
@DRAINSWAMPSCUM@jasonlewris I agree. Metropolitan Atlanta appears almost exactly where it was in 2007 - 40ish % too high, and each submarket is broadly valued by 2 basic things: school district and crime rate. Condos and lofts are particularly overvalued.
@TomBeckerle@jasonlewris Some Realtors do not have a wide range of language skills. Words mean things. Words like “overpriced” are loaded and easy to cite and then feel authoritative. When you’re “telling,” you’re selling. The black and white data tells us everything we need to know.
I’ll run my first 10 in chronological order also:
Captain and Tennille
Mac Davis
Crystal Gayle
Dolly Parton
Ray Stevens
Liquid Pleasure
The Tams
The Producers
Simon and Garfunkel
(1983 Atlanta)
Stevie Ray Vaughan opening for Huey Lewis and The News
(1984 Atlanta)
Introduce yourself by listing 10 bands you've seen live. Mine are first ten in chronological order, I've seen a lot, hard to choose.
Blues Image
The Pointer Sisters
Ted Nugent
The Outlaws
War
Yes
Fear
TSOL
X
45 Grave
Tell your Mama and dem. Looking adorable at $400K on the Beltline in Cabbagetown. Downtown ATL. Listed with Ansley Real Estate. Holler at yer boy. #bubblegumgang
@AdamArchuleta@SquawkBond I never trained with weights consistently until 2024. I kept getting hurt lifting heavy in the gym and I never put on muscle - I was a lean, mean soccer playing, Army combat vet. Between age 30-36 I got way outta shape. Why am I consistent now and in age 29 shape? #powercuffs
@AdamArchuleta@SquawkBond How tall are you, Adam? I’ve been training consistently 3x week with weights for two years. I’m 6’2” 177lbs today. Was 213 lbs. I’ve gained in the right places and lost in the right places. I’m 61 in September. Body fat percentage is now 13.5% this morning. 26 months ago-19.1%.
Today I visited a neighborhood affected by Project Wansley. As you can tell, many homeowners are frustrated with Georgia Powers use of eminent domain. I give a few more details into the project that is taking away from Georgia properties. #stopprojectwansley
Alex, I know these wonderful magical times have passed, and of course will never happen again. But I want to wish you all the peace, love and happiness in the world as well as a happy birthday.
Sincerely, Sammy
🎥 @VanHalen in Austin, TX, 1995
#vanhalen#alexvanhalen #vanhagar
A man spends 50 years teaching at MIT.
He knows his time is running out.
So he records one last lecture — everything he knows, distilled into a single hour.
He died 5 months later.
This is that lecture.
The most important hour you'll watch this week. 👇
Bookmark it for later