EB
@ellliotb.bsky.social
Def Not Commercial Real Estate; Advocate for AI Proptech and Other Made Up Things; Opinions are someone else’s
https://ihatemoney.beehiiv.com
https://ihatemoney.beehiiv.com
Berkshire holders Saturday
Berkshire holders Monday at the open
Berkshire holders Monday at the open
May 3, 2025 at 6:17 PM
Berkshire holders Saturday
Berkshire holders Monday at the open
Berkshire holders Monday at the open
SF CRE, 25 year hold, zero return
April 18, 2025 at 12:36 AM
SF CRE, 25 year hold, zero return
This is my nightmare, the worst possible scenario
March 26, 2025 at 1:34 PM
This is my nightmare, the worst possible scenario
Tell you who I wouldn’t mind being sent there
March 22, 2025 at 2:24 AM
Tell you who I wouldn’t mind being sent there
😅😅😅 Lutnick out here pumping Tesla stock
March 20, 2025 at 1:20 AM
😅😅😅 Lutnick out here pumping Tesla stock
Have you considered not being a gigantic retail grifting scumbag
March 19, 2025 at 9:32 PM
Have you considered not being a gigantic retail grifting scumbag
Have a long thread on the other site about how AI is making the Internet useless and why everything is going to be forced offline again, allow me a moment to port over so I can continue here
March 18, 2025 at 2:36 PM
Have a long thread on the other site about how AI is making the Internet useless and why everything is going to be forced offline again, allow me a moment to port over so I can continue here
Marketwatch editors long shale shitcos
March 18, 2025 at 2:53 AM
Marketwatch editors long shale shitcos
Strong cash flow coverage is 1.0 on the current portion only of the preferred equity for the recap
March 14, 2025 at 7:34 PM
Strong cash flow coverage is 1.0 on the current portion only of the preferred equity for the recap
I’m in camp that multifamily bubble never actually popped, despite the stories of the complete wipeouts
March 13, 2025 at 3:12 PM
I’m in camp that multifamily bubble never actually popped, despite the stories of the complete wipeouts
AI going to force us off the internet by destroying it completely. In person meetings, flip phones, suitcases to transfer money
March 12, 2025 at 4:52 PM
AI going to force us off the internet by destroying it completely. In person meetings, flip phones, suitcases to transfer money
a number of the below prob exited in 21/22, and while everyone focused on bridge debt implosions because great stories, the zombie equity now is more true than ever, multiples higher than back then. No way out, minimal cash flow, fees guaranteed for a decade (if sponsored)
March 12, 2025 at 3:14 PM
a number of the below prob exited in 21/22, and while everyone focused on bridge debt implosions because great stories, the zombie equity now is more true than ever, multiples higher than back then. No way out, minimal cash flow, fees guaranteed for a decade (if sponsored)
Palisades fire sale update: not fire sale prices
“Overall, we see 10 buyers for every property, and we expect that to continue.”
“Also, the other question is how developers expect to profit by buying homes 10-20% below market when their labor costs and materials far exceed this discount.”
“Overall, we see 10 buyers for every property, and we expect that to continue.”
“Also, the other question is how developers expect to profit by buying homes 10-20% below market when their labor costs and materials far exceed this discount.”
March 12, 2025 at 2:48 PM
Palisades fire sale update: not fire sale prices
“Overall, we see 10 buyers for every property, and we expect that to continue.”
“Also, the other question is how developers expect to profit by buying homes 10-20% below market when their labor costs and materials far exceed this discount.”
“Overall, we see 10 buyers for every property, and we expect that to continue.”
“Also, the other question is how developers expect to profit by buying homes 10-20% below market when their labor costs and materials far exceed this discount.”
Fed says $22T of CRE by value and $6T of CRE debt
Assume avg 50% leverage, so $10T unleveraged (assume largely non institutional assets/owners?) and $6T leveraged (inst'l assets)
Brookfield and Blackstone alone have $600B CRE AUM
2 firms = 10% of institutional equity
Assume avg 50% leverage, so $10T unleveraged (assume largely non institutional assets/owners?) and $6T leveraged (inst'l assets)
Brookfield and Blackstone alone have $600B CRE AUM
2 firms = 10% of institutional equity
January 17, 2025 at 4:54 PM
Fed says $22T of CRE by value and $6T of CRE debt
Assume avg 50% leverage, so $10T unleveraged (assume largely non institutional assets/owners?) and $6T leveraged (inst'l assets)
Brookfield and Blackstone alone have $600B CRE AUM
2 firms = 10% of institutional equity
Assume avg 50% leverage, so $10T unleveraged (assume largely non institutional assets/owners?) and $6T leveraged (inst'l assets)
Brookfield and Blackstone alone have $600B CRE AUM
2 firms = 10% of institutional equity