Dev Dude

The realest estate.

[Dev Dude @real_duder]

@GeringerAdam lol. Must be a surveyor. Could reduce much of that to busy work too—adjust leader line, change CAD background, update certificate…
“Mostly” doing a lot of work there.
And what’s wrong with heuristics? Carpenter’s deriving equations for nail spacing? Still accountable to outcomes

[Dev Dude @real_duder]

@juliasteinberg Not sure I follow the irony. It seems like the expected outcome?

[Dev Dude @real_duder]

@hamedinsf There’s blue bottle on telegraph hill?

[Dev Dude @real_duder]

@donkeyDdevelops Incredible

[Dev Dude @real_duder]

@YOCspread Amazing, thanks! Just sent a DM

[Dev Dude @real_duder]

Industrial friends. I thought development was dead. Recruiter reached out about a pure play BTS development role in California. Doesn’t seem like the pond I want to swim in, but curious how the business is. In a little surprised they’re active.

[Dev Dude @real_duder]

@YOCspread 100% accurate. Why I do just development, it’s cleaner

[Dev Dude @real_duder]

@buccocapital Can’t say I’m surprised there is a strong overlap of people who read Tim Ferris books and those who seek life advice from LLMs.

[Dev Dude @real_duder]

@aishwarya_08 To be clear, this is just the computer people.

Most of us regular types just talk about stuff like which burrito we haven’t had in way too long, or there’s no way home prices can KEEP going up at this rate, or can you believe bottom of the hill is closing!

[Dev Dude @real_duder]

@sanandreafault Hate to say it but the building in the foreground (Aronson) is one of the few downtown buildings that survived the big one

[Dev Dude @real_duder]

@credealjunkie I dunno. There’s lots of “institutions”, and they are all competing with each other. If the returns are there, some will ignore regulatory risk (see data centers despite moratoriums, special power regs etc coming up). The issue is your last point development math not working…

[Dev Dude @real_duder]

@loomdoop I live in that area, and I’m not following at all. Sorry for engaging.

[Dev Dude @real_duder]

@donkeyDdevelops @PatCarino Yep, it’s pretty crazy how different it is vs my friends in tech or corporate jobs more generally

[Dev Dude @real_duder]

@fortworthchris “But how can we make this more capital intensive?”

[Dev Dude @real_duder]

@TMTLongShort I’m just a dumb RE developer, but I’ll take the over on housing. Both the costs will be > than the 90% reduction you describe, and it will take much longer than 7 years. Maybe in Bumfuck, Texas you could build some cheap huts quickly, but that’s not meaningful to overall markets.

[Dev Dude @real_duder]

Yep there’s a bubble in data center land development. Just had the stripper mortgage moment. RE shop with NO business in the space just told me about their multi billion in equity raised/multiple 500+MW sites in contract. Like how tf they even diligence these? Now to execute? lol

[Dev Dude @real_duder]

@HayekAndKeynes These facts may be true, but the framing is misleading. Isolate by quality(class a, b, c), submarket, look at leasing vol and absorption. Different story. SF leasing vol in Q1 was the highest since Q2 2018, FYI. Yes it’s working thru a lot of supply, but much less so for class A.