JTE Elms
@jteelms.bsky.social
Writer on biz, tech, #realestate 🏡, #homeownership, #personalfinance & #decisionmaking. Fixer homeowner living Plan B. Always have a Plan B.
Pinned
JTE Elms
@jteelms.bsky.social
· Dec 1
THREADS OF THREADS:
• Decision making bsky.app/profile/jtee...
• Home ownership bsky.app/profile/jtee...
• Personal finance bsky.app/profile/jtee...
• Decision making bsky.app/profile/jtee...
• Home ownership bsky.app/profile/jtee...
• Personal finance bsky.app/profile/jtee...
Reposted by JTE Elms
If you buy a fixer house & can't fix it all in 2 years, you may end up replacing your earliest fixes before you even start on others.
Example: carpet. After 10 years in my fixer house, I haven't yet redone the kitchen because I'm paying cash as I go. But the "new" carpet has died.
1/10
#realestate
Example: carpet. After 10 years in my fixer house, I haven't yet redone the kitchen because I'm paying cash as I go. But the "new" carpet has died.
1/10
#realestate
May 5, 2025 at 1:06 PM
If you buy a fixer house & can't fix it all in 2 years, you may end up replacing your earliest fixes before you even start on others.
Example: carpet. After 10 years in my fixer house, I haven't yet redone the kitchen because I'm paying cash as I go. But the "new" carpet has died.
1/10
#realestate
Example: carpet. After 10 years in my fixer house, I haven't yet redone the kitchen because I'm paying cash as I go. But the "new" carpet has died.
1/10
#realestate
The FHFA HPI reports US house prices fell -0.4% MoM & rose 3.0% YoY in April.
MoM changes ranged from -1.3% in the West South Central & South Atlantic census regions to +1.2% in the Middle Atlantic.
YoY changes ranged from +0.5% in the Pacific region to +7.4% in the Middle Atlantic.
#RealEstate
MoM changes ranged from -1.3% in the West South Central & South Atlantic census regions to +1.2% in the Middle Atlantic.
YoY changes ranged from +0.5% in the Pacific region to +7.4% in the Middle Atlantic.
#RealEstate
June 24, 2025 at 4:13 PM
The FHFA HPI reports US house prices fell -0.4% MoM & rose 3.0% YoY in April.
MoM changes ranged from -1.3% in the West South Central & South Atlantic census regions to +1.2% in the Middle Atlantic.
YoY changes ranged from +0.5% in the Pacific region to +7.4% in the Middle Atlantic.
#RealEstate
MoM changes ranged from -1.3% in the West South Central & South Atlantic census regions to +1.2% in the Middle Atlantic.
YoY changes ranged from +0.5% in the Pacific region to +7.4% in the Middle Atlantic.
#RealEstate
My fixer house needs new carpet, so I'm researching carpet makers. Here's a comparison I made across reviews from Better Homes & Garden, LifeStory Research, Carpet Captain, Houzz & Reddit. The last column counts sources with positive mentions for each manufacturer.
#homeownership #realestate
#homeownership #realestate
May 12, 2025 at 1:06 PM
My fixer house needs new carpet, so I'm researching carpet makers. Here's a comparison I made across reviews from Better Homes & Garden, LifeStory Research, Carpet Captain, Houzz & Reddit. The last column counts sources with positive mentions for each manufacturer.
#homeownership #realestate
#homeownership #realestate
Charlie Munger on asset allocation:
"If a thing is not worth doing at all, it's not worth doing well."
#personalfinance
"If a thing is not worth doing at all, it's not worth doing well."
#personalfinance
May 6, 2025 at 10:45 PM
Charlie Munger on asset allocation:
"If a thing is not worth doing at all, it's not worth doing well."
#personalfinance
"If a thing is not worth doing at all, it's not worth doing well."
#personalfinance
Reposted by JTE Elms
"Real estate industry hopes Liberal government steps up its game" as told by @goldinyvr.bsky.social
#bcpoli #vanpoli #vanre
GIFT LINK: www.theglobeandmail.com/gift/ee67d5a...
#bcpoli #vanpoli #vanre
GIFT LINK: www.theglobeandmail.com/gift/ee67d5a...
Real estate industry hopes Liberal government steps up its game
The Liberals recently announced a housing plan to double the number of homes by adding 500,000 homes a year, putting up $25-billion in financing and $1-billion in funds for prefabricated housing
www.theglobeandmail.com
May 5, 2025 at 8:43 PM
"Real estate industry hopes Liberal government steps up its game" as told by @goldinyvr.bsky.social
#bcpoli #vanpoli #vanre
GIFT LINK: www.theglobeandmail.com/gift/ee67d5a...
#bcpoli #vanpoli #vanre
GIFT LINK: www.theglobeandmail.com/gift/ee67d5a...
Reposted by JTE Elms
“Just in the past 10 days, Donald Trump Jr. made stops in Hungary, Romania, Serbia, and Bulgaria,” the newspaper wrote.
At the same time, Eric Trump was visiting Qatar, the United Arab Emirates, and other Middle East spots promoting the family’s real estate company and crypto plans.
At the same time, Eric Trump was visiting Qatar, the United Arab Emirates, and other Middle East spots promoting the family’s real estate company and crypto plans.
NY Times exposes Trump family deal-making blitz involving billions of dollars
The Trump Organization’s international business dealings came under scrutiny in a New York Times report released Monday that claimed the president's family members are raking in a fortune in deals acr...
www.rawstory.com
May 5, 2025 at 8:48 PM
“Just in the past 10 days, Donald Trump Jr. made stops in Hungary, Romania, Serbia, and Bulgaria,” the newspaper wrote.
At the same time, Eric Trump was visiting Qatar, the United Arab Emirates, and other Middle East spots promoting the family’s real estate company and crypto plans.
At the same time, Eric Trump was visiting Qatar, the United Arab Emirates, and other Middle East spots promoting the family’s real estate company and crypto plans.
Reposted by JTE Elms
Considering a home purchase in Los Angeles? These neighborhoods are gaining steam in the real estate world. According to an analysis from nonprofit newsroom Crosstown, West Adams has experienced th…
What are the hottest neighborhoods on the Los Angeles real estate market?
Considering a home purchase in Los Angeles? These neighborhoods are gaining steam in the real estate world. According to an analysis from nonprofit newsroom Crosstown, West Adams has experienced th…
ktla.com
May 5, 2025 at 9:00 PM
Considering a home purchase in Los Angeles? These neighborhoods are gaining steam in the real estate world. According to an analysis from nonprofit newsroom Crosstown, West Adams has experienced th…
Reposted by JTE Elms
We got the plans out of Trump on his ideas for Alcatraz! Like in Gaza Trump sees our old dilapidated prison on an island as a real estate play! Always making deals! Mar-a-Lago West !
May 5, 2025 at 9:10 PM
We got the plans out of Trump on his ideas for Alcatraz! Like in Gaza Trump sees our old dilapidated prison on an island as a real estate play! Always making deals! Mar-a-Lago West !
Reposted by JTE Elms
San Diego mayor says real estate moves will save city $13M over 5 years
San Diego Mayor Todd Gloria announced that renegotiating the lease for the building at 525 B Street will save the city $13 million over the next five years.
San Diego Mayor Todd Gloria announced that renegotiating the lease for the building at 525 B Street will save the city $13 million over the next five years.
San Diego mayor says real estate moves will save city $13M over 5 years
Gloria said the city renegotiated the lease agreement for the building at 525 B Street downtown.
ift.tt
May 5, 2025 at 9:30 PM
San Diego mayor says real estate moves will save city $13M over 5 years
San Diego Mayor Todd Gloria announced that renegotiating the lease for the building at 525 B Street will save the city $13 million over the next five years.
San Diego Mayor Todd Gloria announced that renegotiating the lease for the building at 525 B Street will save the city $13 million over the next five years.
Reposted by JTE Elms
Recent data from TD Bank's GTA Condo Market Outlook points towards condo values falling by 15-20% from their peak in Summer 2023 by the end of 2025, with 10% of that decline taking place in this year alone.
Full story: loom.ly/B04RiKs
#GTA #Toronto #realestate #housing
Full story: loom.ly/B04RiKs
#GTA #Toronto #realestate #housing
May 5, 2025 at 9:27 PM
Recent data from TD Bank's GTA Condo Market Outlook points towards condo values falling by 15-20% from their peak in Summer 2023 by the end of 2025, with 10% of that decline taking place in this year alone.
Full story: loom.ly/B04RiKs
#GTA #Toronto #realestate #housing
Full story: loom.ly/B04RiKs
#GTA #Toronto #realestate #housing
If you buy a fixer house & can't fix it all in 2 years, you may end up replacing your earliest fixes before you even start on others.
Example: carpet. After 10 years in my fixer house, I haven't yet redone the kitchen because I'm paying cash as I go. But the "new" carpet has died.
1/10
#realestate
Example: carpet. After 10 years in my fixer house, I haven't yet redone the kitchen because I'm paying cash as I go. But the "new" carpet has died.
1/10
#realestate
May 5, 2025 at 1:06 PM
If you buy a fixer house & can't fix it all in 2 years, you may end up replacing your earliest fixes before you even start on others.
Example: carpet. After 10 years in my fixer house, I haven't yet redone the kitchen because I'm paying cash as I go. But the "new" carpet has died.
1/10
#realestate
Example: carpet. After 10 years in my fixer house, I haven't yet redone the kitchen because I'm paying cash as I go. But the "new" carpet has died.
1/10
#realestate
In an analysis of 47 million single-family home & condo sales in 2015-2024, ATTOM found US home sellers got the highest prices when selling in May, with a 9.5% premium over the year's average price. Next highest were February (9.4%) & April (9.1%). #realestate
www.attomdata.com/news/market-...
www.attomdata.com/news/market-...
The Best Time to Sell a Home is in May
ATTOM’s The Best Days to Sell report shows sellers see the highest premiums in May, with top days to sell falling in spring months.
www.attomdata.com
May 3, 2025 at 11:55 PM
In an analysis of 47 million single-family home & condo sales in 2015-2024, ATTOM found US home sellers got the highest prices when selling in May, with a 9.5% premium over the year's average price. Next highest were February (9.4%) & April (9.1%). #realestate
www.attomdata.com/news/market-...
www.attomdata.com/news/market-...
Some #personalfinance & #homeownership facts show up best in stacked area charts. I've shown a personal example. Some under-appreciated facts of life:
1. PAYROLL TAXES—including US & state income taxes, FICA & SDI—are your biggest expense by far. Include them in your budget & manage them!
1/5
1. PAYROLL TAXES—including US & state income taxes, FICA & SDI—are your biggest expense by far. Include them in your budget & manage them!
1/5
May 1, 2025 at 8:54 PM
Some #personalfinance & #homeownership facts show up best in stacked area charts. I've shown a personal example. Some under-appreciated facts of life:
1. PAYROLL TAXES—including US & state income taxes, FICA & SDI—are your biggest expense by far. Include them in your budget & manage them!
1/5
1. PAYROLL TAXES—including US & state income taxes, FICA & SDI—are your biggest expense by far. Include them in your budget & manage them!
1/5
Trump is & always has been extraordinarily bad for business. Just assume he will break anything he touches.
This simplifies investment planning. 😜
This simplifies investment planning. 😜
April 22, 2025 at 7:52 PM
Trump is & always has been extraordinarily bad for business. Just assume he will break anything he touches.
This simplifies investment planning. 😜
This simplifies investment planning. 😜
Peter Zeihan shares his take on how tariffs & Trump's ejection of immigrants from the US worsen other demographic trends in the US home purchase market. (~5 min)
#realestate
www.youtube.com/watch?v=8J6p...
#realestate
www.youtube.com/watch?v=8J6p...
I Hope You Didn't Want to Buy a Home || Peter Zeihan
YouTube video by Zeihan on Geopolitics
www.youtube.com
April 21, 2025 at 10:31 AM
Peter Zeihan shares his take on how tariffs & Trump's ejection of immigrants from the US worsen other demographic trends in the US home purchase market. (~5 min)
#realestate
www.youtube.com/watch?v=8J6p...
#realestate
www.youtube.com/watch?v=8J6p...
Consider US Treasury investments like T-bills & bonds. What happens to those if Trump decides to default on US debt?
They become worthless, that's what. So investors are dumping them now.
Would DJT ever default? Has he ever defaulted on debt in the past? 😬
#personalfinance
They become worthless, that's what. So investors are dumping them now.
Would DJT ever default? Has he ever defaulted on debt in the past? 😬
#personalfinance
April 20, 2025 at 8:17 PM
Consider US Treasury investments like T-bills & bonds. What happens to those if Trump decides to default on US debt?
They become worthless, that's what. So investors are dumping them now.
Would DJT ever default? Has he ever defaulted on debt in the past? 😬
#personalfinance
They become worthless, that's what. So investors are dumping them now.
Would DJT ever default? Has he ever defaulted on debt in the past? 😬
#personalfinance
Covid had an enduring impact on consumer sentiment, per the University of Michigan Index of Consumer Sentiment.
The index is measured relative to the year 1966. In 2017-2019, the US consumer level of satisfaction was almost equal to the riotous, protest-ridden 1960s. Then things fell off a cliff.
The index is measured relative to the year 1966. In 2017-2019, the US consumer level of satisfaction was almost equal to the riotous, protest-ridden 1960s. Then things fell off a cliff.
April 14, 2025 at 7:33 AM
Covid had an enduring impact on consumer sentiment, per the University of Michigan Index of Consumer Sentiment.
The index is measured relative to the year 1966. In 2017-2019, the US consumer level of satisfaction was almost equal to the riotous, protest-ridden 1960s. Then things fell off a cliff.
The index is measured relative to the year 1966. In 2017-2019, the US consumer level of satisfaction was almost equal to the riotous, protest-ridden 1960s. Then things fell off a cliff.
Reposted by JTE Elms
How upzoning reduces land costs:
Auckland's THA zone allows 5-storey buildings, where before, ~1-2 storeys was allowed. Hence, the stock of 5-storey-zoned land increased significantly. This creates more leverage for 5-storey builders over landowners, reducing land prices.
Auckland's THA zone allows 5-storey buildings, where before, ~1-2 storeys was allowed. Hence, the stock of 5-storey-zoned land increased significantly. This creates more leverage for 5-storey builders over landowners, reducing land prices.
April 13, 2025 at 10:47 PM
How upzoning reduces land costs:
Auckland's THA zone allows 5-storey buildings, where before, ~1-2 storeys was allowed. Hence, the stock of 5-storey-zoned land increased significantly. This creates more leverage for 5-storey builders over landowners, reducing land prices.
Auckland's THA zone allows 5-storey buildings, where before, ~1-2 storeys was allowed. Hence, the stock of 5-storey-zoned land increased significantly. This creates more leverage for 5-storey builders over landowners, reducing land prices.
Democratic Penguins Republic - Trade War (Official Music Video)
YouTube video by demonflyingfox
youtu.be
April 13, 2025 at 11:06 PM
Reposted by JTE Elms
The former president of South Florida's biggest HOA will remain in jail while awaiting her trial on charges she participated in a massive fraud that siphoned funds from the homeowners association.
therealdeal.com/miami/2025/0...
therealdeal.com/miami/2025/0...
therealdeal.com
April 11, 2025 at 12:54 PM
The former president of South Florida's biggest HOA will remain in jail while awaiting her trial on charges she participated in a massive fraud that siphoned funds from the homeowners association.
therealdeal.com/miami/2025/0...
therealdeal.com/miami/2025/0...
The Case Shiller national home price index increased 4.1% year-over-year in January. (This index tracks same-house price changes to ensure like-to-like comparison.)
#realestate
#realestate
April 10, 2025 at 7:54 PM
The Case Shiller national home price index increased 4.1% year-over-year in January. (This index tracks same-house price changes to ensure like-to-like comparison.)
#realestate
#realestate
In 2024 I invested 30% in mortgage prepays, 30% in I-bonds/T-bills/cash, & 40% in stocks.
In January, with DJT in mind, I switched to 50% prepays, 25% bonds/bills/cash, & 25% stocks for new investments. Half my existing stocks moved to T-bills.
Recent stock doings seem to ratify the plan. Holding.
In January, with DJT in mind, I switched to 50% prepays, 25% bonds/bills/cash, & 25% stocks for new investments. Half my existing stocks moved to T-bills.
Recent stock doings seem to ratify the plan. Holding.
April 10, 2025 at 1:06 PM
In 2024 I invested 30% in mortgage prepays, 30% in I-bonds/T-bills/cash, & 40% in stocks.
In January, with DJT in mind, I switched to 50% prepays, 25% bonds/bills/cash, & 25% stocks for new investments. Half my existing stocks moved to T-bills.
Recent stock doings seem to ratify the plan. Holding.
In January, with DJT in mind, I switched to 50% prepays, 25% bonds/bills/cash, & 25% stocks for new investments. Half my existing stocks moved to T-bills.
Recent stock doings seem to ratify the plan. Holding.
When buying a home, consider what you'd have if the home burned down. Be sure the LAND is something you'd want.
Neighborhood. Proximity to jobs/services. 2 roads in/out. Drainage. Erosion. Earthquake fault. Fire risk. View.
LAND is 65% of home cost in So Cal cities. Is it worth it?
#realestate
Neighborhood. Proximity to jobs/services. 2 roads in/out. Drainage. Erosion. Earthquake fault. Fire risk. View.
LAND is 65% of home cost in So Cal cities. Is it worth it?
#realestate
April 10, 2025 at 5:52 AM
When buying a home, consider what you'd have if the home burned down. Be sure the LAND is something you'd want.
Neighborhood. Proximity to jobs/services. 2 roads in/out. Drainage. Erosion. Earthquake fault. Fire risk. View.
LAND is 65% of home cost in So Cal cities. Is it worth it?
#realestate
Neighborhood. Proximity to jobs/services. 2 roads in/out. Drainage. Erosion. Earthquake fault. Fire risk. View.
LAND is 65% of home cost in So Cal cities. Is it worth it?
#realestate
First homes begin rebuilding after Palisades Fire. One home completed permitting process in 3 months, since they are basically rebuilding the previously approved house.
#realestate
www.youtube.com/watch?v=S6wA...
#realestate
www.youtube.com/watch?v=S6wA...
First homes begin rebuilding process after Palisades Fire
YouTube video by NBCLA
www.youtube.com
April 9, 2025 at 9:46 AM
First homes begin rebuilding after Palisades Fire. One home completed permitting process in 3 months, since they are basically rebuilding the previously approved house.
#realestate
www.youtube.com/watch?v=S6wA...
#realestate
www.youtube.com/watch?v=S6wA...
Reposted by JTE Elms
Households are considered cost-burdened when they spend more than 30% of their income on rent, mortgage payments, and other housing costs. Higher housing costs reduce the ability to pay for necessities like health care or may force people to live in lower-quality housing or neighborhoods.
‘We cannot keep building McMansions’: Why housing is out of reach for so many Utahns
Here's why a recent study says housing affordability directly affects Utahns' health.
www.sltrib.com
April 7, 2025 at 10:16 AM
Households are considered cost-burdened when they spend more than 30% of their income on rent, mortgage payments, and other housing costs. Higher housing costs reduce the ability to pay for necessities like health care or may force people to live in lower-quality housing or neighborhoods.