Chris Brauckmuller
@cbrauckmullerLiving in DC, building things @fundrise
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I don't know who needs to hear this: You borrow at an interest rate that's lower than the cap rate you're buying at. That's how it works. It's not a trophy. It doesn't just go up. It doesn't matter that you think rates are coming down. It's math. This is math.
Anyone who thinks real estate markets are efficient hasn't worked in real estate Every. Damn. Part. Is. Inefficient.
Who are you people who only need to spend 7 hours a week tidying up your house???
As a software person who spends a lot of time in the real estate world, it is maddening to me that there is no universal unique ID for a parcel of land.
The most dangerous thing about carrying a cell phone everywhere is that you're never bored. Boredom, like pain, is a signal.
It's much easier to iterate on a design than it is to design something from scratch. So a good trick is to just design something very fast. Just get something down. And then you can start iterating.
i would pay $99 for an app thay reminds you to drink one icecold beer every 20 minutes
My mom: "Austin, what is EBITDA" Me: *cracks knuckles* "I have waited my entire life for this moment"
Owning a house is like Minecraft with no monsters but crafting resources and time dialed up by 100x
One of the most miraculous things about our tech infrastructure is the degree to which it depends on open source software. We mostly take this for granted, but a time traveller from 1975 would be very surprised by it.
Jumbo mortgage holders in major US metros have to be some of the most well-qualified borrowers, but no one I've talked to is doing jumbo refi's.
More Americans have now died from COVID-19 than from combat deaths in all conflicts since World War 2.
All across America, quarantined kids are enduring a special flavor of hell acting as de facto tech support for their parents... "What does this VNP thing do again?"
The best way to think: write. The best way to build: write. The best way to learn: write. The best way to teach: write. Complex thoughts, plans, or ideas become clear.
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