So I'd recommend reading this thread from Dave, but I thought about some of these policies, and how they fit into the whole, a lot, and want to offer a different interpretation.

In much of SF, you can’t walk 20 feet without seeing a sign declaring that Black lives matter and no human being is illegal. Those signs sit in yards zoned for single families, in communities that organize against the new housing that would bring those values closer to reality.

Poorer families — disproportionately nonwhite and immigrant — are pushed into long commutes, overcrowded housing and homelessness. Those inequalities have turned deadly during the pandemic.

And it's not just SF:

"What we see at times is people with a Bernie Sanders sign and a ‘Black Lives Matter’ sign in their window, but they’re opposing an affordable housing project or an apartment complex down the street," @Scott_Wiener told me.

There is a danger — not just in California, but everywhere — that politics becomes an aesthetic rather than a program.

It’s a danger on the right, where Donald Trump modeled a presidency that cared more about retweets and owning the libs than passing bills.

It’s also a danger on the left, where the symbols of progressivism are often preferred to the sacrifices and risks those ideals demand.

So I've been reporting a story about how you'd fix the impeachment process. It doesn't work for removal, as currently designed. Impeachment was built for a political system without parties. It fails in a system with polarized parties.

The one time it functioned as intended, confusingly, was the time it didn't happen: Richard Nixon wasn't impeached! But the impeachment process, which came at the low ebb of party polarization in American history, convinced his party to force him to resign.

Would Republicans force Nixon to resign today?

Oh, you're cute. Thank you. I needed that.

The problem of impeachment is pretty simple: Presidents are leaders of parties. Parties are tied to the political fortunes of presidents. You're asking a party to basically wreck its immediate political future for the good of the system.

This doesn't just have the effect of making impeachment ineffective as a remedy. It's worse than that. It makes impeachment dangerous to the president's party, and gives them a reason to defend him and either normalize or minimize his crimes. As we are seeing right now.

Democrats have a lot of good ideas to help people fast, and visibly. They have good ideas for deepening democracy, like the "For The People Act." But if they let Senate Republicans filibuster everything, they will lose in 2022, and they will deserve it.

A lot of them understand this. “I’m going to do everything I can to bring people together,” Senator @RonWyden, who will chair the powerful Senate Finance Committee, told me. “but I’m not just going to stand around and do nothing while Mitch McConnell ties everyone up in knots.”

“This is a fight not just for the future of the Democratic Party or good policy,” Senator @BernieSanders told me. “It is literally a fight to restore faith in small-d democratic government.”

“I’ve said to the president-elect, ‘reach out across the aisle...But don’t let them stymie your program,’” @WhipClyburn told me. “You can’t allow the search for bipartisanship to ruin the mandate the American people gave you.’”

“It’s not a question of if the filibuster will be gone, but when it’ll be gone,” former Majority Leader Harry Reid said. “You cannot have a democratic body where it takes 60 percent of the vote to get anything done.”

A THREAD on how most real estate folks structure deals with outside investors.

Most people utilize the "preferred equity" structure when they raise money from outside investors. They "syndicate" deals.

Here's the basics:

The person (or team of people) putting the deal together is the "sponsor". Also called general parter. Referred to on twitter as the GP.

They find the property, do all the work, hire the management company and take fees. They often co-sign debt and always secure the financing.

The investor is generally passive, doing no work and putting in cash. This is the "limited partner". Referred to on twitter as the LP.

They don't co-sign debt. They simply read reports and ask the sponsors questions and cash checks every month (if the deal is going well).

There are two equity classes.

"Preferred equity" belongs to the LPs. Cash talks, so this is a higher class of shares. They are first in the "capital stack" behind the debt (bank loan).

"Common equity" belongs to the sponsor. They are generally last in the capital stack.

Sponsors generally co-invest. That means they hold both equity classes. A 10% co-invest is standard.

That means the GP has skin in the game. His 10% co-invest makes him both an LP and a GP.

Sources : This author has been continuously maintaining that the Brahminical hegemonic forces are surrounding Tamil Nadu from all sides and they are seeking revenge for Periyar’s social justice.

One Sridhar Vembhu, @svembu is the CEO of Zoho Corporation. He is 1/n

High Net Worth individual. He is the founder and CEO of Zoho Corporation. According to Forbes, he is the 59th richest Indian in the world with a net worth of US$2.5 billion as of 2020

Vembu runs the in-house Zoho University, which provides training to students who have 2/n

completed 12th grade and have certain math and tech skills.
Vembu has a Ph.D. in electrical engineering from Princeton and started his career at Qualcomm in 1994. Zoho is building a new 375-acre campus in Austin, Texas, which will also house its Zoho University. 3/n

Recently, he announced the release of a new Messaging App called “Arattai” and said this is an alternate to WhatsApp.

Vembhu owns a palatial house in Pleasanton California. With such huge money and wealth, the said Vembhu is purchased 4 acres land in Mathalamparai, Tenkasi under the guise of improving villages. In an interview to Forbes India, the said Vembhu had this to say 5/n

There is a lot of bad advice floating around online when it comes to real estate investing.

Time for a stiff drink and some stuff you might not want to hear.

A thread 👇

Most real estate influencers spend 99% of their time trying to sound smart.

They purposely make things too complicated.

When you do this for a while you can tell if a property is worth buying with a napkin and 30 seconds.

The problem with being a big real estate PE firm:

You need to do good deals year after year and deploy 10s or 100s of millions in capital.

It’s a hamster wheel making others wealthy.

The advantage of being you:

One building like this can change your life.

Buying real estate that doesn’t cashflow well because values have risen 10% / yr for 10 yrs while wages have risen 3% / yr for 10 yrs is very risky.

I don’t care how long your interest rate is “fixed” for.

Markets are cyclical. Trends change. Bankruptcy is real.

If you don’t know anyone with money and you have less than $250k of your own cash real estate isn’t the best way to make money.

Even a $500k property (like the one pictured above) requires $150k down and another $100k in cash reserves.

@ReformedTrader That is a long post, but well written. Real estate is a claim on the future prosperity or ruin of a geographical location. Real estate intrinsic values is its ability to generate cash or similar costs to rent in that area. Intrinsic value is above zero in most cases.

Ironically enough, the location that benefits most from property ownership are places where rising living costs expand faster than rising middle income wages. Deflationary areas are hostile to property ownership as price is falling make collateral and borrowing difficult.

Homes are bought using leverage with agencies loan subsidies by the governments. As long as you have fixed rates, the costs of living expenses for your housing is set for 30 or 15 years which allow family to budget. Wealth can be accumulate over time as asset and income risen.

Time passed, real estate become detach from intrinsic values. Monthly mortgage rocket pass incomes and growth in the area. Quick money into real estate turn into a landmine. The 2007 fiasco could have been better or worst, but the free market is effectively dead as an ideology.

At the time, investors attack the institutional that vulnerable to the MBS and structured derivatives linked to real estate bubble risks. Since many financial institution owned the agencies MBS, defaulting on these security means downward spiral for M1 and M2 in developed nations