Real estate always has jurisdictional risks.

We are seeing this massively in the hotel CRE space.

There is a 758M tranche of assets staring down a barrel that will bankrupt one of the largest public REITs in the space. For every public REIT struggling there are 5 large private asset owners getting their teeth kicked in.

Owners are handing keys over to what were once prized assets.

Bitcoin fixes this...would love to jam with @MartyBent on TFTC someday

Came home to a killer package from @Leathermint

Always appreciate the care Bitcoiners put into shipping goods.

The proof of work is undeniable 🤝

Straight to the saife

GM

Entire thoughts while here are of Tom Luongo's city of London theory.

Always enjoy his conversations with @MartyBent

Had the best guide through Cince Terre, Pisa, Firenze, and Assisi.

Asked him the best way to tip him. I offered Euro, USD, or Bitcoin.

He said "I don't touch Bitcoin!"

I said that sounds like an interesting story.

He replied....I had 84.5 Bitcoin in 2012....sold them all in 2014 for 8x my investment and traveled the world for 3 weeks....every time it hits new all time highs I get nightmares.

After hearing his story I was grateful I didn't start investing & HODLing until I understood what I owed. He said he has no regrets but I could feel his anguish when we talked.

If you ever need a guy in Florence let me know...he is now a friend for life.

GM

This biodynamic vineyard and Olive orchard has been in the same family since the 1200s.

The current patriarch has stewarded the land the same way his ancestors did while all his neighbors over the last 30-40 added watering options and some added use of chemicals.

Due to his wise choices the soil will produce for many more generations.

Don't take short cuts in life...juice isn't worth the squeeze

🤌🤝🤌

Went to this beautiful church where many pilgrims have come before.

Without any indication my kiddos went and knelt to say a prayer.

Can only hope their faith journey isn't as volatile as mine has been 🙏🙏🙏

God is good

Here are pictures of the outside that show how they put different pieces of marble from all around Roman Empire and Arabia to build the parish

GM

This church was built out of recycled marble from around Rome and Arabia. Pirates still settled and worshiped Christ

Knights Templar are badass