Mike Fellman
@MikeFellman
Economist. Real Estate. Finance. Chess. USCF NM, FIDE FM. 2022 Equipo Nacional de Ajedrez de PR. Hispanohablante. Estadista.
As requested, a thread of threads on housing. Thanks for all the engagement and thanks to all the new followers!
Unpopular (popular?) opinion: Greatly increase access to emergency and long term rental assistance, but simultaneously make it relatively quick and cheap to evict people who just choose not to pay.
It’s rare, but tenants who know how to milk the system can live for years rent free in San Francisco. Here’s the scenario on a deal we have been chasing. 4 years of screwing up someone’s inheritance … takes a special kind of person.
Perfect, pero que quede claro que no va coger prestado mas votos estadistas
El PIP nunca dijo que dejaría de apoyar la independencia. Lo estipulado es que las elecciones generales NO son plebiscitarias y el asunto de estatus se resolverá mediante una Asamblea de Estatus que contará con representación de todos los sectores. No seamos deshonestos.
Why lie?
Puerto Rico would be a purple state and an important battleground every presidential election. We wouldn’t just be a blue state.
Any Democrat taking @fdejesusfebles seriously needs to consider their life choices. The man is a fucking fraud.
A free and independent Puerto Rico – restored to full sovereignty and self-determination as a close US ally and trading partner – is an option that could vastly improve the future of that beautiful island. Enjoyed meeting @juandalmauPR to discuss the independence movement.
High school teacher, which you may hate. Otherwise, grad school and history PhD and a job market which has fewer positions every year. It's bleak.
I would like to do something history related
When I was in college I worked at a somewhat large specialty retailer that was profitable (and is still in business) but likely does cover its cost of capital. Eg, if they shut the company down and liquidated its assets (mostly real estate) and invested the proceeds into a…
Yep. There are clear standards for when requests to unseal Grand Jury materials are granted. Release of the materials being politically expedient for the president is not part of the standard.
No one is blocking them from releasing the 1,000s of files they have. But they didn't want to do that, so instead, they asked a judge to release sealed court documents knowing he would say no.
Disgusting move by @juandalmauPR
A free and independent Puerto Rico – restored to full sovereignty and self-determination as a close US ally and trading partner – is an option that could vastly improve the future of that beautiful island. Enjoyed meeting @juandalmauPR to discuss the independence movement.
Founders all come from upper middle class backgrounds. They ask their families and friends to fund their start ups. In 99 percent of cases, Thanksgiving is awkward for decades to come. A tiny percentage succeed. Unclear if those that succeed are lucky or good.
El "cover-over" de ron crea ~1000 mil empleos en PR a un costo de 330 millones al gobierno federal. 330 mil por empleo, anual. Esto es una farsa, no "desarrollo económico."
🔥🎮 El @ppdpr sigue enfocado en el desarrollo económico para reducir el costo de vida y en garantizar el acceso a la salud. Mientras el PNP es el problema de 🇵🇷, nosotros trabajamos para darles GAME OVER.
Fundamentals are really tough right now in most of California, but local governments also should not go out of their way to make building harder. Both are true.
(And I guess the problem w development is that you would have to build them for $300k, which isn't happening either)
Irreducible problem with LA multi core acquisitions right now: Simply can't pay $400k for units that generate $30k in annual rent & have it work out ok You're buying tippy-top rents from a developer desperate to wring every last $ out of the sale... & you still need rents to…
Luis Gutierrez speaks broken Spanish, was born in Chicago and lived his entire there. When he was elected to Congress, he spend his entire career advocating for Puerto Rican independence, over the strenuous objections of the people of the island. Then, when he retired from…
It was an honor meeting with Former Congressman @LuisGutierrez, Former Puerto Rico Senator @juandalmauPR, @BUDPR representative Chris Soto, and Juan Calderon and Federico de Jesus of the PRCC. Congress must continue to push for the right of Puerto Ricans to decide their own…
El populismo a la maxima potencia....
Liderados por la gobernadora @jenniffer, hoy el @ZardeEnergia inició el proceso para la cancelación del contrato de Luma Energy. Apoyamos esta acción complementamente y continuaremos trabajando en equipo por el bienestar de PR.
How are rules which give council members a discretionary veto over building in their districts not just a humongous invitation to corruption?
El mismo gobierno puede contratar y después reclamar que ha violado su propia constitución? Quien va a colaborar con un gobierno que actúa así? So the government can sign a contract and then sue saying it violated its own constitution? Who the hell would do business with a…
Wow, DACO demanda a LUMA y la Aee para declarar parte del contrato inconstitucional. Voy a leer
Lean este hilo sobre la economía argentina - el autor es un economista boricua.
Milei's economic record is quite mixed and the jury is still out on whether he can save Argentina Thread (1/14)