Good ol Boulder @ Puffpuffpass Hookah instagram.com/p/B4DSfOtHcyh/…

#gobuffs

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Providence RI - Code Red

Tony Barranco, Ryan Companies: we’re 15,000 affordable units short in Ramsey County, 11,000 in St. Paul. That’s great that city/county have $74 million for a housing fund, but we’re $4.5 billion short. Rent control doesn’t produce new units. It disrupts the market. Fewer units.

Smith: St. Paul’s rent control “unprecedented globally.” There’s no adjustment for inflation, no “vacancy decontrol” where a unit can be brought up to market rate once someone moves out. Even the term “rent” is poorly defined. Does it include fees? “Tremendous uncertainty.”

Smith: Developers need capital (loans), and capital market walked away after this ordinance. An investor survey found that 27% won’t even kick the tires here. (Wait, how does that compare to pre-rent control/COVID?) Barranco: “if we don’t have capital we’re out of business.”

Barranco: Vintage on Selby was a Ryan Co. project backed by teacher pension fund. A man or woman presents investment package to an investment committee. There’s markets they’ll literally get fired for mentioning. “We’re worried (investors) will..go away just because the ordinance

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Pura Vida

Russian troops stole $5M worth of farm vehicles from a John Deere dealership, which remotely locked the thieves out of the equipment news.yahoo.com/russian-troops…

Heart broken

Great Escapes: In Guanacaste, Costa Rica, Biodiversity, Rustic Beauty, and the Pura Vida Lifestyle barrons.com/articles/great… via Barron's

Way to go #Stpaul #saintpaul

WTF

😂😂😂 this guy is amazing.

This is worth five minutes of your time