bluto

Just go in dry cumulus, Donnie and computer for 5 hours daily during cowboys season

Why don’t you use your fancy ai to find that stuff

Capt obvious but caught some of the Saturday crew today, there’s less than zero bench. Absolute travesty compared to cirque/orphanage or even mino monty.

And cheating on/leaving his wife for some chick from a singing contest show.

Restaurant talk Tried quince, I thought it was very good all around. They’re certainly getting killed with the patio and this heat. Shrimp app, salmon roll type thing, tuna sushi, and the hamichi dish were all very good. Drinks strong, service excellent including a comped dessert (chocolate cake, kinda meh). They have some phone app they’re tied into that gives $25 off by the way. anybody have a read on walloons opening soon by shinjuku? and is aventinos Italian off camp Bowie good?

Sailors guide, both sea stories and oh Sarah are very far from each other in style but damn they’re good. The last verse of sea stories is something Sometimes Sirens send a ship off course Horizon gets so hazy Maybe get high, play a little GoldenEye On that old 64 And if you get sick and can't manage the kick And get yourself kicked out the navy You'll spend the next year trying to score From a futon life raft on the floor And the next fifteen trying to figure out What the hell you did that for But flying high beats dying for lies In a politician's war

Also worth noting InBev is up 8% yoy and down only 1.5% from 6 mos ago.

The tough talk of “well come back stronger”… nah brah

Raskin is damn sharp. Mark kelly and Raskin ticket would be damn solid imo, Kelly maybe is too moderate for national ticket.

Starting to see some cracks in commercial RE dam that we all know are present. apartments bought 2 yrs ago that are selling off at 20% discount from then to today. Hearing of a class apartments in Tx trading around 6 cap. For the last 6-9 mos there just wasn’t much of any transaction material to support the assumption of falling values but seems like the fuse is running out. I’m no capital markets expert but have to imagine massive implications as the losses are realized. Certainly will be issues on taxing jurisdictions.

Shitballs this thread makes me feel a lot better about my 12 hour avg. I also changed the filter yesterday, made a hella difference in the air temp flowing from vents. 70 yr old house 1500 sq ft in FW with minimal shading, ac unit prob 5 yo. Been real tempted to grab a window unit for bedroom tho

Habanero’s on oltorf still kicking? That was go to spot, gringos were the minority every time I went so that has to count for something.

It’s a radio schedule for human beings damnit

I was expecting the couch in the background to be black leather.

give TNRIS a call. State repository of GIS data.

Meanwhile this one still awaits trial and proudly has it as part of his bio. bold move cotten https://twitter.com/vivamusverum?s=21&t=sTauicHoL_NDuvhAnU_w4g

I get a kick out of how much shit Cheryl Hines must catch from Larry David

You’re referring to business personal property and that is its own property type that’s taxed separately. However hotels/apartments have the BPP rolled into the real property values 99% of the time. in terms of purchase price interplay with it, that’s a major part of skewing purchase price info. Business enterprise value as well. Take a gas station or fast food restaurant, there’s business value with the actual operation, bpp, and the real property of course. lots of money made by experts who do those allocations. As an owner you’d want as much as possible assigned to biz value (not taxable), then bpp (depreciating assets), then finally real property. THENNN you have to consider fee simple vs leased fee. Technically Texas is (supposed to be) a fee simple assessment state. Ie a tenant property should be valued based on current market rates, not the leases in place. Which is really tricky bc properties are traded on what kind of income they are generating based on sometimes years old lease rates.

I would take it a step further, all real property in the state has been undervalued, generally speaking. But even this is a tricky position to banter on as it certainly won't be overvalued or owners protest those values, so it stands to reason property is undervalued (kinda like the "humans have less than 2 arms on average"). I would even make the claim that for every commercial value severely below true market I can find a westlake or river oaks or highland park mansion on for half of what true market is. Where your assertion gets really tricky is mentioning 'homeowners are taxed much closer to actual value' as homeowners actually aren't being taxed on the full market value of their homes with homestead exemptions and caps that, until next tax year, weren't extended to commercial property. sideroad.... On the whole property taxes are a total crock of shit and the system is well on its way to breaking down, the caps being extended to commercial property will only expedite and create more chaos. Our state leadership has painted us into a tight corner as there really isn't any alternative than riding this rocket into the sun (income tax aint happening and godspeed getting public support for sales tax hikes that would be necessary). Toss in a little school funding/robin hood with rural counties declining in population, and this thing is in major trouble.

Chalamet is horribly miscast here and lacks charisma in that trailer.

Agree completely jester. start with 108M, per the tax code counties are considered 'passing' if they hit within 90% of true market value so knock that down to $98M roughly right off the bat. valuation/appraisals are 'opinion of values' hence the wiggle room in there - all those factors jester laid out. also, the office/commercial market in general further deteriorated in the 4th quarter after the Oct sale so maybe knock a point or two off b/c of that (assessments are as of Jan 1) - fed rate went from 3ish in Oct to about 4-4.25 by start of 2023. That's an insane jump in rates over the course of a couples year much less a single quarter. Travis CAD data says rental rates for offices of this class/age/location get about $50/ft and the building is 198,500 sq ft per that article. That would be $19,850,000 that would be paid back to the buyer over a 2 year period effectively reducing what they actually paid for the building by that amount - very simplified admittedly interestingly enough the math works out where $98M less $19.85M in estimated leaseback payments pencils out to $78.15M vs an assessed value of $78.7M. Let me know if you have a copy of the lease or if you want to spend time filing an ORR to obtain it from TRS, happy to review that. this is also ignoring the fair/equal provision of the tax code stating ALL property tax payers are entitled to fair/equal taxation. essentially, what they paid for the property is immaterial if they are appraised excessively more than their comp set. so even if that $108M was a kosher arms length sale, if there a bunch of apples to apples properties at $85M they would be entitled to that value (same deal for homeowners).

Agreed on oesteria being just ok, cool space and service solid but just didn’t really do much for me especially at price point. waters is my other go to for higher end downtown, slight step below that and bigger pain in the ass for parking is pacific table. anybody been to quince yet?

Like I said in PM, that sale has a 2 yr leaseback provision that tends to inflate sales prices. And your claim of 29M is faulty as that was for the land value only, not to mention the property was exempt for tax yr 2022 which negates any discussion of its value as exempt property assessment are hardly given 2 seconds of thought. I know first hand there are severely undervalued commercial properties. There are severely undervalued residential property as well, I live in one!

Sent you a pm on “one example.” Some counties are more aggressive with their values, Travis is one of those. For many years I would tend to agree that values are very soft across the state on commercial values, but there's actually a strong argument to be made that some segments are thoroughly over assessed in 2023 given the interest rate climate. I would wager that the majority of the skyscraper offices in major CBDs are over assessed. and this isn't some 'poor commercial owners' as they generally have gotten a solid deal, and still do in many instances. a lot of that is due to the cads hiring very incompetent personnel (hot job markets tend to have that impact on gubmint jobs). they are also fairly incompetent in defending those values in litigation. as mentioned above, travis county is one of the few that truly fights and that's reflected in their assessments compared to sales prices. The fair and equal avenue for appeal is also a big player in what creates disparities between assessed and ‘true market’.

Only commercial getting capped is below 5M in value. Commercial sales price data has become much easier to come by for cads via CMBS data and other means. They are not hurting for market data.