Highs of 35 and lows in the teens this week. 

This feels like the safer immediate win.Wait and stack cash: Not sexy, but sometimes patience is the best strategy.

But risk mitigation isn't sexy and doesn't sell.

The last few years we’ve been primarily focused on improving operations and improving our existing portfolio to boost rent/take care of non-sexy, but necessary capex because the returns we need vs seller expectations just didn’t make sense for us.

They’re frame of reference seems to be the rentals they and their friends had in their late teens and early twenties where they broke the lease in a low end high turnover apt complex and management had made the decision that doing anything more than sending a few threatening letters to people with no assets was not financially viable.  

Google also focusing on, but needs more sexiness.98% of other institutional and FO money stayed bearish and are incredibly dubious of this rally.

Some of our deals produce out size returns, but most are in the mid teens.  

And as we know, the REI truth isn't sexy, flashy, or even all that exciting. 

Households on Welfare by StatePuerto Rico stands out with 47% of households receiving assistance.This reflects sustained economic challenges and unique territorial program structures.RankState or JurisdictionCodeShare of Householdson Welfare# of Householdson Welfare1Puerto RicoPR47%586K2New MexicoNM20%162K3West VirginiaWV18%129K4LouisianaLA17%308K5OregonOR17%284K6New YorkNY16%1253K7MassachusettsMA15%418K8OklahomaOK15%224K9PennsylvaniaPA15%787K10Rhode IslandRI15%67K11AlabamaAL14%277K12District of ColumbiaDC14%46K13FloridaFL14%1157K14IllinoisIL14%723K15MichiganMI14%571K16MississippiMS14%162K17NevadaNV14%162K18AlaskaAK13%35K19CaliforniaCA13%1748K20ConnecticutCT13%182K21GeorgiaGA13%524K22HawaiiHI13%63K23KentuckyKY13%240K24MaineME13%76K25North CarolinaNC13%553K26OhioOH13%641K27WashingtonWA13%382K28DelawareDE12%46K29MarylandMD12%279K30TennesseeTN12%329K31TexasTX12%1322K32VermontVT12%32K33WisconsinWI12%282K34ArizonaAZ11%311K35ArkansasAR11%132K36MissouriMO11%264K37South CarolinaSC11%230K38IndianaIN10%262K39IowaIA10%131K40New JerseyNJ10%342K41VirginiaVA10%320K42ColoradoCO9%215K43IdahoID9%63K44MinnesotaMN9%201K45MontanaMT9%42K46NebraskaNE9%69K47South DakotaSD9%32K48KansasKS8%90K49New HampshireNH7%39K50North DakotaND7%24K51UtahUT6%68K52WyomingWY6%14KAmong the states, New Mexico has the highest share at 20%, followed by West Virginia (18%), Oregon (17%), Louisiana (17%), and New York (16%).A large cluster of state jurisdictions have low‑to‑mid teens of U.S. households on welfare.And at the other end, Utah and Wyoming are lowest at 6%, with New Hampshire and North Dakota at 7% and Kansas at 8%.

I have a certain ratio per100 headcount (not households, not age, not sex) I use when decidingto buy or build in a town.