This is framed to sound scary, but it isn’t! 2/3rds of investor-owned rentals are held by “investors” with 1 or 2 units! Owners with >1,000 units own 0.4% of SFH. L’s and R’s both love blaming this boogeyman when the real problem is that we don’t build enough!

Real estate cycles follow debt cycles much more closely than other asset classes!

The most and least expensive land in America, estimated from over 6 million land sales (2000-2019) using high-res machine learning models. What stands out to you?

My views on AI: • water issue is fake • energy issue is real, but scaling solar/batteries should address • a valuable, transformative technology • will rot our brains through slop if we let it • data center built out seems a wee bit excessive but who knows • ?? on doomer