Everyone’s talking about the $SPCX IPO today and the ~4,400 new millionaires it just created.
We skipped the stock chart and looked at the housing markets around its sites instead.
Hawthorne (HQ): +20% over the past year, at an all-time high.
El Segundo next door: +8%.
This is a live order book for New York City real estate. Real bids, real asks, updating by the second.
Thirty seconds of what housing price discovery looks like when you let people take a side.
Ken's right, and it cuts both ways.
The tenant fears rent jumps. The landlord fears flat rent while taxes, insurance, and upkeep keep climbing.
Each is exposed to rent moving the way they don't want. A market lets you take the other side of your own risk.
That's the kind of
Good tenants. Same rent. 7 to 8 years.
Sounds great. Until you look at the expenses.
Utilities up. Property tax up. Property management up. Insurance up. Everything up.
If rents stay flat while expenses rise, cash flow shrinks every single year. It has to.
And after 7 to 8
This is a live order book for New York City real estate. Real bids, real asks, updating by the second.
Thirty seconds of what housing price discovery looks like when you let people take a side.
He's right, nothing stops this.
~$90 trillion traded on perps last year. Oil, gold, stocks, crypto.
Housing's the biggest market of all.
We've spent years building the rails for it. V4 is where it scales.
IMPORTANT NOTICE: V3 orderly wind-down is reaching its conclusion.
Please withdraw your LP funds from the V3 pool at your earliest convenience. June 30 is the deadline.
V3 LP withdrawals close June 30.
If you still have funds in the V3 LP pool, please complete your withdrawal as soon as possible.
A 21-day countdown is now in effect as V3 enters its final wind-down phase.