Cshelton
Joined 12 years ago
Joined 12 years ago
I did a similar thing with Roller Coaster Tycoon. I sent screenshots and explanations of my designs to Six Flags. I was probably around 10 or so. I think I got one generic letter back from them unfortunately.
For some time, I wanted to become a Roller Coaster designer.
Also, on some things, it allows us to pivot much faster. And now with the help of LLMs, writing "Aggregation Pipelines" are very fast.
I run a Commercial Real Estate Servicing platform, where we are accruing interest on large balances daily. Our method is to not do the rounding daily, but add up all the numbers for a given period, say a month, and then round to the penny and create a single adjustment rounding transaction along with it. Accounting departments love us for it.
If we rounded daily before storing the amount, the adjustment for accounting is usually a few pennies at least every month they have to make. Our method, it's roughly $0.01 per year with monthly periods, adjusted usually at the very end. Which on a $20MM loan, is very well within the bounds of acceptable.
In all seriousness, now that the Ipad runs the same chips (I believe) as the MacBooks, what is preventing the option to just run MacOS on the Ipad?
Is there a technical limitation still or is it just Apple segregating the OS to different product lines?
I don't know how I didn't know about it before..
I literally implemented a whole system to do what it does.
Thanks for bringing that up!
Recommend updating that screenshot!
Now I'm interested.. will submit work email. I'm head of product at RealINSIGHT
Noninvasive, with any sort of accuracy that can be used for anything, is most likely impossible.
So back to "invasive"... what can we do... embedding a device under your skin, right around where your watch goes, that can be powered and communicate with the watch. While also making sure the device is not rejected by the body and stays in place.. AND has no other adverse side-effects. I think this is where it'll ultimately end up for the people who want it. sub 10 min procedure to put it in and should last for quite some time (maybe dissolves after 5 years for upgrades?)
It wouldn't happen with the same borrower on the same deal/loan. It would go into a whole new construction type of loan (which is usually some sort of short term "mezz" financing for the transition period), and then get underwritten on maybe a 10 year.
The issue with the above now though is the transition to multi family costs a lot. Many will try and get cities/states to subsidize it. And then getting a good loan to make the deal work in unknown. Nobody makes deals like that happen when there is this much uncertainty in the CRE market. If you can't secure financing post construction to make the cap rate work.. you're done. Deal is dead.
Most borrowers are currently electing to extend the maturities out another year, many getting IO (interest only) extensions from their lenders, rather than fall into special servicing. "Special Servicing" is the process to take deals like this and find the best outcome for the lowest lender on the capital stack waterfall. Fortunately, there are many processes in place to handle these kinds of things and not left for the taxpayers to bailout... typically.
Bailout? Why? Because it's not just these "rich" landlords/investors that lose their money. They are pension funds, retirement funds, Teachers retirement funds, public service funds, your neighbors' annuity, etc.
The whole thing is a big circle of money that becomes increasingly more complicated in each CRE cycle of boom/bust. The sentiment in the CRE world is definitely of uncertainty and caution right now. Many are optimistic about later this year and things turning around. It's not only Office either, many multifamily deals were done with a cap rate that could not be sustained, and now the deal is no longer "cash flowing", so the borrower cannot service the loan and they can't raise rents either as that side is also under pressure. With Office, companies are still not fully in office, combined with the layoffs, and the prospect of a down economy ahead has them cutting spending where they can. The leases don't renew, and the borrower has no ability to refinance with the rate hikes.
We're in a very delicate time period right now and one catalyst can send it in either direction, very quick.