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bluto

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Everything posted by bluto

  1. bluto
    That’s my read as well, just throwing the kitchen sink at it short sightedly for a headline. The current house bill expires entirely in 2025, no way in hell the purse strings will be as loose then.
  2. bluto
    How did they not put trumps face on The Old Man
  3. bluto
    Tx Constitution technically requires cads value property at 100% of market value. The cads are then graded by the state every other year roughly to see how their values stack up to recent transactions and appraisals, along with the state conducting their own appraisals as testing basis. If the county is below the mark regularly then big shit happens.
  4. bluto
    What I can’t figure out is what happens when the surplus isn’t available, the special house bill expires in 2025 so do rates just jump back up? There’s no way the state will have this level of surplus again. And if there’s one thing the red state lege hates more than minorities voting (maybe didn’t need that verb) it’s funding education from their coffers.
  5. bluto
    House proposed a bill with only monster cuts to school tax rate at abbotts order, senate offered less rate cut but included a homestead exemption bump. Phelan just ruled that since senate bills included HS exemption bump and Abbott didn’t approve that being discussed then house won’t even listen to senate bills. The shit show drags on
  6. bluto
    Indeed. In talking with some of these investment shops there was the attitude “even if the risk free rate doubles this yr then we’ll be ok, and it’s never doubled in a single year in 30+ years so history was on our side” …. Well it more like went up 5x or whatever. So these speculative dipshits totally ignored the fact rates were at all time historical lows, only paying mind to historical rate growth.
  7. bluto
    Special sesh 1 is under way as of 9pm. Prop tax and border security first up. Abbott appears to have hamstrung the ptax talks to rate compression only, not even homestead bumps or caps.
  8. bluto
    Property tax is all but special session bound. House wants appraisal caps on everything, senate says no caps, and Abbott is rumored to request only rate compression to be heard in special.
  9. bluto
    Is there anything to house members gunning for senate members ahead of primary trying to move up?
  10. bluto
    I recall having beers with a world class cap employee and to say he was totally sketched out by the internal ops would be an understatement. Paul and a family member or two had the entire top penthouse unit to themselves essentially behind 2 sets of key card doors while the actual operation was crowded into a floor below. They talked about how Paul had his sister or cousin in NYC calling shots despite having virtually zero real estate experience. Basically he made it sound exactly as it now sounds but this was 10 yrs ago.
  11. bluto
    House adjourns til 11am. No deal tonight
  12. bluto
    Both chambers at ease as they hash out the ptax bill. I’m guessing house sent a f you proposal to senate and gonna force their hand on declining
  13. bluto
    Dutton really is regarded, perfect encapsulation of Tx Democrat.
  14. bluto
    All us assholes cheering for this now have a son of Wilco as ag, congrats! https://www.texasattorneygeneral.gov/about-office/ken-paxtons-leadership-team
  15. bluto
    When will senate hear and vote?
  16. bluto
    Sit down already Dutton, just droning on
  17. bluto
    Ok old man, wrap it up
  18. bluto
    Similar to gun control debates the ‘prosecutor’ just called Paxton the top law enforcement official in the state, so their entire case is ‘moo’
  19. bluto
    Block is cornier than Garth “Mr Yearwood” Brooks with his false modesty bullsh.
  20. bluto

    Puerto Rico

    bluto replied to ckhorn's topic in Food and Travel

    I posted on here about a trip years ago so grain of salt… vieques get a jeep and go backroading to secluded beaches you’ll have to yourself. Just don’t hit any wild horses.
  21. bluto
    Yep I’m trying to sort through where to put some cash on a REIT that is heavy cash currently as there could/should be some solid deals. still thinking the general supply demand fundamentals are still decent for Texas multi fam, but pricing needs a reset with the rate hikes. heard from a buddy today that asset managers/owners he works with are giving strong consideration to handing the keys over to the bank. The sobering thing for me is my reference point is mainly Texas multi fam, and if these properties in this states economy/population growth are going under then the whole country must be in major danger.
  22. bluto
    Meanwhile assessors valuing a class on sub 4caps in central Tx. Roll a closing statement into Harris cad for 20% below assessment and get ignored entirely.
  23. bluto
    Snap Block to reality with firing off a +11
  24. bluto
    Hi ALPP with your sweet ass reverse split that you’ll never ever ever recover from. Write offs for years boys!
  25. bluto
    Between office market turmoil and multi family speculative purchases on floating rates the last 18 months, commercial RE is about to get lit the f up. Shit tons of apartments underwritten with debt service that has ballooned 4x since purchase along with outrageous insurance premium bumps, and rental rates plateaued due to general inflationary pressures/job losses on renters.

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