Travis retweeted
Steve jobs ate a mono-diet and did extended fasts regularly. Plato's Republic lists out an explicit sleep, diet, and training optimization protocol for the Guardian class. Picasso kept his hair and nail clippings in a jar and had borderline schizophrenic pre-work rituals. Shakespeare left his "second best bed" to his wife in his will (he liked his bed that much). Einstein non-negotiably slept 10+ hours a night and had a daily walking routine.
These guys were not winging it. They had neurotic routines that would make the most obtuse optimizer look amateur. To think that they wouldn't take advantage of the tools at their disposal is smooth-brained.
As I age time moves faster
It could be that
1 year at 10= 10% of life
1 year at 30= 3% of life
Feel like I’ll blink and be 40
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My goal is to basically buy as much of Florida as possible over the next decade
We’ll see if I can pull it off
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Russian wrestlers (Chimaev/Makhachev) running the UFC
Japanese bros (Ohtani/ Yamamoto) running the MLB
Euro bros (Jokic/Wembanyama/Doncic) running the NBA
Does America have any of the best athletes in the world? Obvious decline
Jack needs an entire camp dedicated just to wrestling. What a disappointment of a champion. You should go to Georgia to learn something.
Islam, you need something you can’t train: emotion. You’re the most boring thing in this game. Every day I’m more certain I put you to sleep.
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Travis retweeted
Thanks to President Trump, we are indeed working on The 50 year Mortgage - a complete game changer.
Travis retweeted
CEO of NVIDIA Jensen Huang on xAI and @elonmusk:
“The only regret I have about xAI is that I didn’t give him (Elon) more money. Almost everything that Elon is part of, you really want to be part of as well.
He gave us the opportunity to invest into xAI, and I’m just delighted by that.”
Travis retweeted
BIG ONE-DAY DROP
The average 30-year fixed mortgage rate today: 6.13%
Same day last year: 6.12%
2025 range: 6.13% <---> 7.26%
---------
10 Year Treasury yield today: 4.04%
Spread today: 209 bps [That's a 3-year low]
Travis retweeted
Donald J. Trump Truth Social 09.15.25 08:39 AM EST
“Too Late” MUST CUT INTEREST RATES, NOW, AND BIGGER THAN HE HAD IN MIND. HOUSING WILL SOAR!!! President DJT
"Fate loves irony" - @elonmusk
Another obvious example
Our short term rentals are performing at all time highs compared to previous years
FWIW
Prediction:
A lot of self storage syndicators are on the very edge of going belly up right now.
REITs posting year over year revenue drops. Slow leasing. Marketing spend at all-time highs. Street rates in most markets down 50%+ off 2022 highs. Supply planned in 2022 and 2023 just now coming online.
So many groups overpaid for storage in 2022-24. Many more bought at decent prices but didn't operate them well.
My team is seeing a shift in the market in real time.
Deals not closing. Coming back. No bids. Taken off market and put back on.
I saw a deal recently under contract in 2024 at 2.8 million. Buyer dropped it. Came back on market at 2.3 and went under contract. Buyer dropped it. Now listed lower and no takers.
The revenue over the last three years:
2022 - $449k
2023 - $415k
2024 - $357k
T12 - $334k
Several new developments nearby less than 6 months old.
Brutal.
Sellers are trying to hang on as long as possible but its getting worse and worse for them.
A few thoughts:
1) if you own storage that is performing - put your head down and operate them well and don't sell. Terrible time to sell if you don't need to.
2) if you have capital and your portfolio is performing, it is about to get really good. Get ready to raise as much money as you can (this is our attitude).
3) if you own storage that isn't performing and you have refi's coming up or you are tripping covenants, try everything in your power not to go to market or you will get creamed.
I plan to hit the road and try to raise some serious capital over the following months.
It is going to be interesting!
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Travis retweeted
These are the 10 largest STR markets in the U.S. by revenue.
What makes an Airbnb market “large”? For investors focused on performance, revenue is the ultimate metric. It captures both demand and the ability to meet it, making it the clearest indicator of Airbnb market size.
Travis retweeted
1. Stocks: all-time high
2. Home Prices: all-time high
3. Bitcoin: all-time high
4. Gold: all-time high
5. Money Supply: all-time high
6. National Debt: all-time high
7. CPI Inflation: 4% per year since Jan 2020, 2x the Fed's "target"
8. Fed: cutting interest rates next month
Travis retweeted
NEWS: Last week was pretty busy for TSA, including two new Top 10 days. Six of the Top 10 travel days EVER have now occurred in 2025.
Remember, if you’re traveling this week, be sure to arrive at your airport early and don’t forget to #PackSmart.
