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drewg__'s profile
drew
drew
drew
@drewg__

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drew

@drewg__

electronic trading technologist, illiquid commodity futures enthusiast, hedge fund/HFT apologist, big idiot

NYC
Joined April 2009

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    1. Conor Sen‏Verified account @conorsen Jan 21

      Out-of-town homebuyers in Austin, Nashville, and Atlanta have average budgets of $700,000+, 30% more than local buyers:https://www.redfin.com/news/?p=71955 

      18 replies 32 retweets 105 likes
    2. Skeletor‏ @SkeleCap Jan 21
      Replying to @conorsen

      You just know in your hearts that they are ignorant of the property tax regime and will end up paying MORE on a monthly basis than wherever they left.

      1 reply 0 retweets 16 likes
    3. Conor Sen‏Verified account @conorsen Jan 21
      Replying to @SkeleCap

      If you’re saying it’s cheaper to own a home in San Francisco than Atlanta we’re pretty far apart.

      4 replies 0 retweets 7 likes
    4. Skeletor‏ @SkeleCap Jan 21
      Replying to @conorsen

      No but if these people could afford the equivalent home in SF (call it 2.5x price) they wouldn't leave. Assuming these people face a budget constraint and this is the way to get the >4bd 3ba + yard. But the prop13 math likely evades them.

      3 replies 0 retweets 2 likes
    5. George Pearkes‏ @pearkes Jan 21
      Replying to @SkeleCap @conorsen

      Prop 13 is perhaps the worst law in the country.

      3 replies 0 retweets 7 likes
      drew‏ @drewg__ Jan 21
      Replying to @pearkes @SkeleCap @conorsen

      Certainly in the top 3 for most negative externalities, it has made almost every quality of life measure in CA get worse since the late 70s

      11:48 AM - 21 Jan 2021 from Manhattan, NY
      0 replies 0 retweets 0 likes

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