Cool concept and approach.

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I’ve been sitting on the real estate sidelines for 3 years now. In fact, I recently divested a large portion of my portfolio. Is anyone still active? If so how are you approaching underwriting deals?

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So…. is it a bubble? …or did we see a massive increase in wealth seeking growth across borders (which is new) that permanently reset housing value in the wealthiest markets in the wealthiest country in the world? I can point to growth of other commodities that had similar growth rates and stayed that elevated because something at the macro shifted. so my questions would be 1. how big wealth growth and in what is it held on? (dollars vs. whatever else, how resilient to shocks? ...2020 shocks did nothing but turbo charge it, but maybe not since feds cut … again) 2. Assuming capital cost of 0 (sitting on dollars like a lot of PE), how profitable is owning/renting compared to other asset classes? 3. what happens if everything becomes … permanently unaffordable? knock on affects there would be interesting to understand… https://x.com/KobeissiLetter/status/1828074090776629301

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https://warpcast.com/adrienne/0x7c87c6a4

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Will Chinese prefab "capsule homes" become a thing? Seeing a ton of marketing on social, but it's a bit unclear who is actually buying — or if you can even import them? Surely these will beat the prices of U.S. ADUs / containers / mobile homes https://www.youtube.com/results?search_query=chinese+capsule+home

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Found an interesting new resource on global housing prices. https://www.dallasfed.org/research/international/houseprice

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https://www.thebaltimorebanner.com/culture/lifestyle/kevin-spacey-baltimore-home-auction-K6R2WWOMMBH63B7TAG2J6EWK5A/

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always love a good LLC name in this game. Spacey’s manager w a solid pull here. Other than our myriad of “Dancing (insert fruit)” LLCs, my favorite that we’ve made is “Clerk of Court LLC” because one particular trustee wasn’t accepting cashiers checks we had to make payable to the clerk in a diff state.

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going to buy Kevin Spacey’s house at auction tomorrow AMA https://www.zillow.com/b/622-ponte-villas-n-baltimore-md-5YW56Q/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

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Feeling nostangic…selling off roughly half my portfolio. So much literal blood, sweat and tears went into it. Its a strange feeling. 🏘️

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https://warpcast.com/dfern.eth/0xeef8bfc5

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the technology is improving 📈

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just bought a waterfront house 5 minutes from where Wedding Crashers was filmed at foreclosure auction for <$200k AMA

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https://warpcast.com/deodad/0xa97d9dfd

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This is big news. A seismic shift is underway. https://www.cnn.com/2024/03/15/economy/nar-realtor-commissions-settlement/index.html

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