Stuart Allan

Building @Get_Cedar to solve home affordability for Americans and Canadians (Lowering prices by up to 65%!). Real Assets, Global Macro, and Economic History.

[Stuart Allan @Stuart_Allan]

Why not both? Cedar offers a residential ground lease product for investors. Get an inflation protected coupon of TIPS+~200 AND upside of real HPA. Underlying collateral is a max 65% ground-lease-to-value land under a US residential home (single and multi). Today: 5.5% real return + Real HPA as a kicker.

[Stuart Allan @Stuart_Allan]

This is exactly what I built @Get_Cedar to solve.

A $480K starter home becomes a $240K home when Cedar buys the $240K land and leases it to the buyer for 99 years. The buyer can still use Fannie/Freddie/FHA financing.

They buy Cedar out later at a fixed formula: our capital back + 50% of appreciation.

[Stuart Allan @Stuart_Allan]

@HighyieldHarry $10mio

[Stuart Allan @Stuart_Allan]

@realtordotcom @Get_Cedar solves this! We can increase his home affordability budget by at least ~40% and potentially much more!

[Stuart Allan @Stuart_Allan]

@realEstateTrent Cedar solves this! We'll buy the land for ~50% so now your just buying a deed of improvements for the other ~50%. When you buy the land in the future counts as another purchase of ~50%.

[Stuart Allan @Stuart_Allan]

@Tablesalt13 @grok We are solving this! @Get_Cedar rolls the clock back by ~ 8 years!

[Stuart Allan @Stuart_Allan]

@PalmerLuckey They can't - big (20%) source of their revenue - https://t.co/9Qd7BbghxX

[Stuart Allan @Stuart_Allan]

@Mr_Neutral_Man Our residential ground leases have ~50% GLTV, unlevered ~5% real yield (annual inflation adjustments), and HPA on top. Total IRRs are ~11% unlevered. Would welcome a chat as we are working on putting a REIT together!

[Stuart Allan @Stuart_Allan]

@gvtcontractor @NoRiskNoParty Love this exchange. X adds value!

[Stuart Allan @Stuart_Allan]

@eaconner How can we propose simple, best practice re-writes that either align JC to known standards in larger markets (i.e. NYC) or set-us up to be friendlier to both citizens and businesses than those markets? Must be a bunch of low-hanging fruit in just modernization/simplification

[Stuart Allan @Stuart_Allan]

@jmwass They even have carpets!

[Stuart Allan @Stuart_Allan]

@clark_bren1985 @BetterBlocksNJ @NickZurawski @DanLevin_inJC Increasing density through towers like this generates "excess" tax revenue vs. services usage which allows better infra! Essentially infra cost per capita decreases. Pretty strong consensus on this from urban economists looking at both historical data and pro-forma models.

[Stuart Allan @Stuart_Allan]

@UziCryptoo @Get_Cedar fixes this! With us that's only a $800K house as we will buy the land for $800K. So you have substantially lower down-payment needs ($160K for 20%) and lower monthlies. You can buy the land any time at a fixed, formulaic price

[Stuart Allan @Stuart_Allan]

@Rikardoplav Can you share the listing? interested

[Stuart Allan @Stuart_Allan]

@BoringBiz_ This is exactly what we are doing here at @Get_Cedar for our commercial arm! Starting with Multifamilys and SMBs using AI and land leases to unlock land value at deal sizes traditional asset managers could never touch (Sub $5MM).

[Stuart Allan @Stuart_Allan]

@jmwass 1) AI helped up plan the garden 2) Used Claude to code up an app I am playing around with that will monitor soil conditions and, based on a plants requirements, let us know if it needs watering, is getting too hot etc.

[Stuart Allan @Stuart_Allan]

@Indiecom2 @BetterBlocksNJ @NickZurawski Right, but one of the biggest expense drivers in NJ is taxes (passed through in rent to renters). Upzoning, especially to Condos, greatly expands tax base with minimal resource/city service uses.

[Stuart Allan @Stuart_Allan]

@BoringBiz_ @Get_Cedar SOLVES THIS!

[Stuart Allan @Stuart_Allan]

@polozov We have a private market solution invented in NH!
@Get_Cedar reduces the cost of homes by ~65%. We partner with homebuyers to buy the land while they buy the house (+ 99yr land lease). Live in the house you want now, upgrade by buying the land at a fixed formulaic cost whenever