Husband. Father. Investor. CRE Broker. Surfer. Trail Runner. Plunger. Avid Reader. Playlist Curator. MuFam Productions Exec Producer. Grateful for every day.
Joined February 2009
- Tweets 15,029
- Following 588
- Followers 1,931
- Likes 22,181
2,556 Photos and videos
I spent a month listening to the birds instead of tweets. It was glorious.
“You will go out in joy and be led forth in peace; the mountains & hills
will burst into song before you, and all the trees of the field will clap their hands”
This month: No booze. Wish me luck!
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CA is too big to fail at this point. There is a plan in place to shoe-horn @GavinNewsom into office. Then they have un-fettered access to TARP trillies to bail out the state... Thats also why no one's worried about the billionaire tax exodus that happening @friedberg!
Mar 26
BREAKING: David @friedberg says "California is functionally bankrupt"
"People don't realize how screwed California is, & I worry that if California falls, so does the union.
"$250 billion to $1 trillion short."
"This is because for California to get rescued would be a big cost to red states, & I think it creates in the years ahead a lot of tension."
"California's functional bankruptcy is a major risk to the country. & I think we need to figure out what we can change to fix it."
How we got here:
"California has a public pension system, & that public pension system retirees have paid into it & they get some benefits out, & the amount that they're owed back out is somewhere between $250 billion - $1 trillion dollars more than has been paid in.
$250 billion to $1 trillion short.
If it was the federal government, it would be like, okay, we'll just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits.
There is a Supreme Court case in California that said that once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits.
It has to stay forever, and the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it. No state has ever declared bankruptcy, and the retirement benefits sit senior to the bonds in California.
So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services."
Hill & Valley Forum 2026 (@HillValleyForum)
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MUDGE retweeted
Mar 13
Let this sink in. California wealth tax architect Saez admits it here: he would let 80% of billionaires leave CA, liquidating Silicon Valley and its jobs, for an extra $2 billion per year in revenues. This is in a state that spends $325 billion per year, up by 68% since 2019.
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I haven't been on twitter in a long time... Is this @GovPressOffice a parody account? Is this like The Onion but for CA Politics? Or is this a real representation of the Governor of CA office? Is this a deep fake with a NYT watermark?
11 Dec 2025
Correct. We’re sorry your daughter hates you, Elon.
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IF this is true, THEN there is a continued EconDev opp that is HUGE and a lot more growth in these “cities on the rise” markets like Nashville and other South East cities.
1 Mar 2024
Data from the poll below shows 67% of California business are considering leaving the State
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Powell: ‘There will be bank failures’ caused by commercial real estate losses thehill-com.cdn.ampproject.o…
$1.5T CRE debt matures by 2025 #Office values📉, %rate📈 making leases vulnerable to #CMBS debt transfers.
Meanwhile, the #FED is indicating that there will likely be more #InterestRate hikes.
That will put even more pressure on these compromised Office assets.
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For all of the #ReTwitter in the multifamily space, I just got a quote for a $1.5M loan at 5.5% for a small multi deal, which is way better than I have seen or heard of in a while!
$1-7M
70-80% LTV
5.25-5.99% interest for multi
1.20 Debt Service Ratio
Can lend in all 50 States
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👀😳👀
15 Jan 2024
Online work will never be as good as in-person. It will be much, much better.
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Looks like we got 5-6 inches over night in Brentwood!
15 Jan 2024
Persistent band of moderate to heavy snow is impacting I-40 in Middle TN including the Nashville area. This is the type of band that can send snow totals above a half a foot
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Is anyone concerned about this?
The top 1% accounts for 40% of CA tax revenue?! That's approx 390,000 ppl holding a significant role in the state's financial stability.
What if a critical mass of that remaining 1% leaves? The impact on the economy & services could be significant!
foxbusiness.com/markets/weal…
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The top 1% accounts for 40% of CA tax revenue?! That's approx 390,000 ppl holding a significant role in the state's financial stability.
What if a critical mass of that remaining 1% leaves? The impact on the economy & services could be significant!
foxbusiness.com/markets/weal…
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👀😳👀
20 Dec 2023
California to developers: Build apartments near transit! Pay union wages! Reserve 20% of units for poor people! It's urgent!
Developers to California: uh, guys, we'd lose our shirts if we tried.
Read new @TernerHousing's report to see why.
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ternercenter.berkeley.edu/wp…
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Zeus Living is shuttering. They had 5,000 under management (as of 2019).
How many units controlled @ time of shutdown?
Major Markets: SF, LA, Seattle, Washington, Boston. How will these markets handle new vacancy?
Are there any major operators w/ concentrated exposure?
9 Nov 2023
"Zeus Living has raised $150 million in debt and equity (about $125 million of that was equity) and its backers, besides Airbnb, include Initialized Capital, CEAS Investments, TI Platform, NFX, Opendoor’s Eric Wu and Y Combinator."
@DiMartinoBooth
techcrunch.com/2023/11/08/pr…
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A CRE appraiser called me asking for a lease comp. They're calling asking for your Intellectual Property.
HERE'S HOW TO MAKE IT WORTHWHILE
Always ask for their lease comps, but the REAL VALUE is in the OFF MARKET INTEL THEY HAVE THAT CAN TURN INTO 💰🫰
KEY QUESTIONS TO ASK👇
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WHERE ? This is key; however not easily secured. You need to know their Subject Property to be able to COMPARE it to YOUR Property. Location influences value, demand, and market dynamics. They called you. You are trying to help them.
GET THE PROPERTY ADDESS OR NO SHARING!
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Most appraisers don't want to share these details but they will if they want what you have to share. You need to be diplomatic, friendly, unarming & intentional 2 make it worth ur while. I also will ask about market conditions & trends
Get as much "free" information as you can!
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