#and renter the space-time continuum

[tinkerbitch69]

Thinking about the line about how the doctor fashions the people he travels with into weapons and how that is essentially what the time lords did to the doctor and the master throughout both of their lives…

[aanlaiias-s]

midcentury body sciences are probably behind the health-class taxonomy that asked you to assign yourself one of three shapes: ecto-, endo-, or mesomorph. now if it’s not yet obvious this brings a trailing cloud of trouble with it, since if we’d had better training we’d know that anyone who was paying attention would ideally track the minutiae of their folding shape through the meta- version: not on top of, like the mythic order of the physics book and its successors, but across, like the suction in the wake of the mythic etymological ferry. now if it’s not yet obvious to get clearer i’d once assigned myself something like the vile trick of the ectomorph; something vile bc slimey, like a cooler full of plasma for the overdue renters’ junta. june rent was due today and i didn’t have to dip into my veins for it, and for that i can only do more than feel bad for those on that brink. now if it’s not yet obvious i’d say while i’m still slimey there’s a willingness, if not yet the crucible of online or offline transparency, to specify the shape that’s in metamorphosis as one that’s always about to disrespect the numb hubris of the taxonomy — that’s like trying at least to get metamorphic. to specify: sylph is my preferred way of knowing what this or that organ-continuum is doing on its way to the grocery store or in the blinding cold night time. and purely by sonic pressure, like when you’re somewhere and ppl pressure you not to blank out when they casually demolish a figure you don’t even like but who figures a certain type of shapeshifting, purely by that sort of pressure plus the more vacuous suggestion of an implicit tongue that’s not on the tip of the tongue unless it’s also simultaneously couched like a lump at the back of your throat, purely by that triangular crush on the possibility space i’m forced to stitch into the half-body of my lovely anticipated sylph the long fossil record of its lifeline in the earth, where it goes back to silt

(to make better sense of that doubling it perhaps helps to think of the “ph” in “sylph” as the “f” in “fucking” and the “t” in “silt” as the “t” in “territory”)

[nationaldoorstep]

Growing Rental Market for Those Aged 55+ | Resident First Focus

Most people tend to think of renters as young professionals who are just getting started. For many years, that may have been the case. However, the demographics of renters has drastically changed since the Great Recession. Today, the demand for rental housing is on the rise among people of all ages, incomes, and across demographics.

There’s one group in particular that stands out: renters aged 55-years old and above. 

According to the National Association of Home Builders (NAHB), builder confidence in the 55+ renter segment continues to hover around all-time highs.

And it’s no wonder why. The Joint Center for Housing Studies (JCHS) at Harvard University finds that between 2005 and 2016, households aged 55 and over accounted for 44% of renter household growth. The share of renters in this age group increased to 27% during that time, up from just 22% in 2005.

What’s Driving the 55+ Renter Market?

Experts say the shift is, at least in part, a result of the long-term falloff in homeownership caused by the Great Recession. JCHS estimates suggest that foreclosures likely explain most of the decline in homeownership among middle-aged and older adults. As an illustration: between 2005 and 2015, the homeownership rate among 46-55-year-olds dropped more than 6% percent; it was down nearly as much among 56-65-year-olds.

NAHB cites rising home prices as another driver of the 55+ rental market. Now that their children have moved out or gone to college, older Americans are taking advantage of the sellers’ market to cash in on their long-time family homes. They want to downsize, but a lack of inventory has pushed several into apartment communities. 

There’s No Single Renter Profile for Those Aged 55+

Studies show that 55+ renter segment is quite diverse. Some want to live in urban centers where it’s easy to walk to restaurants, entertainment, and medical facilities. Others prefer to age in place, not necessarily in their current home, but rather in the community where they have existing roots or family.

“It’s a lifestyle choice,” says Branden Wermers, director of development for San Diego-based Wermers Cos. “They want to have the flexibility to move. Sometimes their kids are moving, and they want to rent a place where the kids are living, but they don’t want to buy there, because the kids could move again.”Being close to grandchildren is also a consideration for many.

NAHB finds that there are some trends among the 55+ renter cohort.  For example, most want to live in low-maintenance, single-story units in low-crime areas. Baby Boomers are also placing a greater emphasis on properties that allow them to be active and social. So apartment buildings with fitness centers, outdoor spaces, and communal areas used for events are in high demand.

Where 55+ Renter Housing is Needed the Most

It should come as no surprise that housing for those aged 55+ is going to be needed most in areas with an aging population, like the Northeast and parts of the Midwest. For example, older households are driving new tenant demand in both Detroit, Michigan and Columbus, Ohio – areas that otherwise have a declining population but where the number of older adults remains high. Research suggests that seniors will make up a bulk of rental growth in Indianapolis, Kansas City, Louisville, Memphis, Milwaukee, and Sioux Falls between now and 2030, as well.

Meanwhile, states like California and Florida benefit from high rates of international immigration, which, on the whole, drives the median age downward. California’s robust economy also attracts young, talented workers from across the world. As a result, the demand for rental housing among age groups is projected to be more balanced in cities like San Francisco, San Diego, San Jose, and Los Angeles.

The Appeal of Renters Aged 55+

Aging renters are a particularly appealing demographic because, at the younger side of the spectrum (ages 55 to 65), they have more disposable income to spend than young adults and families. As a result, they tend to be willing to spend more on rental housing, particularly in well-located communities that offer robust amenities.

Incomes tend to become more constrained as older adults retire and move into the other end of the spectrum (ages 65+). However, income lost in the form of wages is often supplemented via retirement benefits, Social Security, and pensions. Moreover, as Boomers reach age 75+, there’s an expectation that they’ll need rental housing that provides a continuum of care, such as home health aides and other on-site medical services.

__________

So, why does all of this matter for landlords, property managers, and real estate investors? We aren’t just throwing data at you for the sake of wading through data! Instead, we hope you’ll use this data to capitalize on shifting demographic needs and changes. If you’re located in a market that’s expected to experience an uptick in renters aged 55+, consider making property improvements tailored to these residents.

[up-label]

Denver’s latest big idea for affordable housing is tiny apartments (some the size of your master bedroom)

Meticulously arranged shelves above the stove. Carefully packed crates under the bed. Maybe even an ultra-tall bookcase with an adjoining ladder if you’ve got the requisite ceiling heights.

Organization is key when fitting one’s life into a sub-500-square-foot space. It’s a challenge more metro areas renters are tackling these days as a coastal trend takes root among Denver’s rapidly proliferating apartment buildings. That trend is to go big on tiny.

Micro-apartments or, more accurately, buildings made up exclusively or featuring a high percentage of studio apartment units, are popping up around central Denver.

They appeal to renters who put more stock in location than square footage. They’re heavy on communal spaces and light on parking. They’re priced for people bringing in wages right around area median income or a little less.

And Front Range developers like McWhinney, the owner and operator of the Ride at RiNo “micro-studio” apartment building that opened at 3609 Wynkoop St. in late November, see big demand for micro in the future.

Ride sits on about three quarters of an acre just across the pedestrian bridge from RTD’s 38th and Blake Station rail stop. Its five stories house 84 apartments ranging from 369 square feet to 849-square-foot “live-work” studios. Rents start at $1,189 per month for the smallest floorplans.

As of last week, 37 leases had been signed there, keeping up with McWhinney’s expectations during the slow winter rental season. On a per-square-foot basis, the cost is comparable, even higher, than some nearby one-bedroom apartments. But when it comes to the total tenants have to shell out on the first of each month, most units in Ride roll in under the $1,456 average monthly rent the Apartment Association of Metro Denver was tracking at the end of 2018. That average includes rents for all types of units across seven counties in the Denver metro.

“Everyone talks about our missing middle,” David Jaudes, McWhinney’s vice president of multifamily development, said last week. That would be housing for people who can’t afford top-of-market luxury but earn too much to qualify for income-restricted rents at subsidized buildings. “(The Ride) really did prove out for us that smaller units at lower price points are really attractive and a lot of people are looking for those.”

So far, Ride has been a great fit for tenant Raj Murphy. The 27-year-old moved to Denver on Jan. 28 to work as a paramedic serving crews working on the Denver International Airport concourse expansion project. He’s paying $1,375 per month for one of the larger (over 500 square feet) units at Ride. He likes the building’s high ceilings (12 to 18 feet) that allow for vertical storage, spacious common areas, including a “club room” with a vintage turntable, and proximity to rideable options.

“I take my car to and from work, and I don’t touch it on the weekends,” said Murphy. “I can grab a scooter, jump on the train. If you’re going to (Lower Highland) you just grab an Uber, and you’re there in five minutes.”

The RiDE at RiNo has units that range from 369 square feet up to 849 square feet in Denver. The community room has a view of downtown. Photo taken on March 12, 2019.

Murphy is one of eight tenants who have a car at Ride. That’s a good thing because the building has just 42 spots, including four dedicated to car2go rideshare cars and four more dedicated to parking for people with disabilities. The reduced amount of parking — allowed by the city thanks to the building’s proximity to transit and commitment to providing both car- and bike-share options — and the elimination of some costly amenities (namely, a heated pool), helped McWhinney control costs and provide cheaper rents to tenants, community manager Jesse Neal said.

It’s not exclusively micro, but Continuum Partner’s mixed-use Market Station redevelopment project will bring 75 apartments under 500 square feet to downtown Denver after construction wraps next year, said Mark Falcone, Continuum’s founder and CEO. Rents are expected to be in the $1,200-per-month range. In a metro area where rents rose at the fourth fastest rate in the country earlier this decade — shooting up by 46.9 percent between 2010 and 2017 — even gentle price relief is sure to be welcome downtown.

“It’s still an expensive unit but it is within reach of somebody making $40,000 to $50,000 per year. That’s 60 to 70 percent of median income at that range,” Falcone said. “We don’t believe this is the be-all end-all of addressing our housing challenges. But we are learning a lot in this project about how to create more efficient square footage options and that’s part of the puzzle.”

Denver is somewhat of a late arrival in the American micro-apartment movement. Coastal cities like Washington, D.C., or New York have been at it for some time, said Amy Groff, a senior vice president with the National Apartment Association. The average unit size in “micro” projects in those markets is between 250 and 350 square feet, she said. They are especially appealing to millennials, in Groff’s experience, the biggest demographic of renters today.

“They’re not interested in have a large living space. They don’t need a lot of stuff,” she said. “They just need the ability to cook a small meal, sleep, store some clothes, then they’re out and about. They’re busy people.”

There are homes for sale around Denver with master bedrooms that eclipse 450 square feet. But developers pinpointing and seeking to meet market demand for cheaper apartments by building smaller units mirrors a recent trend in Denver’s home sales. The average square footage of homes sold in the Denver metro area was 2,509 last month, down from 2,689 square feet in March 2018, according to real estate research firm Metrostudy. Major metro area developer Oakwood Homes last year rolled out smaller floorplan homes aimed at lower-income buyers.

Chérie Talbert, CEO of the Home Builders Association of Metro Denver, has spotted the dual trends.

“Like homebuilders, who constantly are studying the market and their customers, the apartment community has found that there’s a market for smaller apartments,” she wrote in an email.

Projects like Ride and Market Station make up just a sliver of Denver’s apartment landscape. There were nearly 27,000 apartments under construction in the metro area at the end of 2018 with more than 25,000 more in the planning stages.

Even if developers don’t embrace building studio-exclusive projects, studio and micro units stand to become a bigger part of the overall apartment picture. McWhinney’s buildings typically featured about 15 percent studio units prior to Ride being built. The company is looking to up that to 25 or 30 percent in future buildings, Jaudes said.

Lance Gutsch, co-founder of development firm Pando Holdings, is an evangelist for micro-apartment projects in Denver. Pando’s two buildings at 1570 and 1578 Humboldt St., collectively known as the Economist, went on the market in September and last week, respectively. Eighty-nine of the 97 units are studios. They range from 288 to 380 square feet with rents running from $985 to $1,370 per month.

The project caused a stir among City Park West neighbors because it had no on-site parking. Pando leases a surface lot with 43 spaces nearby. But six months on and with 43 percent of the units leased, the Economist and its residents have brought just five cars to the neighborhood, Gutsch said. He’s now planning to build a 12-story building near Union Station that also would offer no on-site parking. Garages are among the most expensive elements of multifamily building. Skipping building an underground garage or parking pedestal means developers can pass savings on to tenants or invest in other things like enhanced architectural design.

“People are after attainable housing and to the extent you can deliver it in the core of the city, especially where there are jobs and no need for a car, we absolutely need more of it,” Gutsch said.

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[putnammcdonald0-blog]

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This Is the Culmination of the Process

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  For the past four years, the Sixers have undertaken an unprecedented tanking operation in order to secure top draft picks for the purpose of building a dynasty-caliber team. It feels longer. Andre Iguodala sinking the game-winning free throws to advance past a depleted Chicago Bulls team, Philly’s last playoff series win, feels like forever ago. Losing has that effect on the space-time continuum. In the interim, we’ve seen intentional ineptitude, traded draft picks, flipped players, swapped picks, and countless arguments over the merits of it all. Could such an unprecedented, pragmatic, business-like approach to running a sports team ever succeed?

Now here we are. As it stands today, the Sixers will have arguably the best player from three of the last four drafts. If healthy, they could have the best big man in the game, the most promising prospect to enter the draft in five years, and a consensus stud lead guard. All of the major pieces, on paper, fit together. Add in Dario Saric and a handful of players who’ve displayed an ability to earn major rotational minutes on a good team, and the Sixers have a clear path to move forward, with the most cap space in the league. Even the most hardened old-school take artist has to be happy with the position in which the team currently finds itself, and had you told them just four years ago that this would be the case, I imagine most would’ve signed on without even considering the fine print.

The decision to trade with the Celtics for the number one pick represents the culmination of four years of measured, pragmatic decisions. Sam Hinkie’s detractors will say that “anyone can lose.” That’s true, but it conveniently ignores the fact that the Process consisted of much more than losing for the sake of increasing draft odds (as big a part of the strategy as that may have been). The Process, or at least Hinkie’s version of it, was to increase the odds in the Sixers’ favor ever so slightly, every step of the way. Mere mortal GMs may have succumb to the pressure of media dolts calling for the Sixers to build around Michael Carter-Williams or Jahlil Okafor, two guys who showed advanced abilities as rookies even though they are not the sorts of players the modern game values. Indeed, Hinkie could’ve formed a playoff-caliber team in their likeness, but what would have been the point in a conference with LeBron James and a league with the Golden State Warriors? This is the path the Sixers choose for essentially 30 years, and the only notable results it bred were a few seasons where a superstar carried the team on his tiny back until the weight became too much to bear. Something had to change.

For a generation of Sixers fans – call it anyone under 40 – losing was all we knew. With the exception of those three or so years where the Sixers contended with Allen Iverson, our team was a laughingstock, and in the later years had undertaken horrible contracts for the sake of getting into the playoffs only to get waxed by much better and deeper teams. So when presented with the notion of going all-in on a process that would put a terrible team on the floor, but carry with it the potential for greatness, the decision to get on-board was an easy one. This is a notion that was offensive to old talkers, guys who exist solely because of their ability to scream and yell, ostensibly on behalf of the fan, but mostly for their own personal benefit. It was an affront to everything they knew about sports. Losing on purpose? HOW DARE YOU! But to a younger generation, losing on purposes with the ultimate goal of winning – and winning often – seemed way more interesting than signing a 32-year-old power forward with knee troubles who might be able to earn you a second round playoff birth.

So we applauded every step of the way (or at least most of them– I was not quite a blind-loyalist to Hinkie the way many were, because there were some faults in his plan) as Hinkie jettisoned Jrue Holiday, and then the rookie of the year, and then the former second overall pick, and veterans, and took on bloated contracts, in exchange for picks years down the road. At times it seemed like the Sixers would never cash in all of those chips. They seemingly preferred to kick the can down the road. But in reality what they were doing was turning that dial ever so slightly in their favor. A pick swap with the Kings is the best example of this. Hinkie saw the possibility that Vlade Divac had, quite frankly, no idea what he was doing and was building a poorly constructed team destined to fail. Why not take a chance on being the beneficiary of their ineptitude? Why not let the Lakers pick received in the MCW trade roll itself over and potentially not vest for four years if it meant the chance of becoming a truly valuable asset?

All these little things, each step of the way, is what the Process was about. Sure, losing gave the Sixers their own valuable draft picks, not all of which worked out. But again, the point was to increase the odds in their favor. Spiking one season for the chance to land a high lottery pick is fine, but what if you draft Jahlil Okafor over Kristaps Porzingis? What then? Every great player who wasn’t taken number one leaves in his wake the corpses of GMs who whiffed on their one big chance. Even the brightest basketball minds fail to see greatness within their reach or simply are the victims of bad luck when players like Porzingis develop rapidly and unexpectedly. Player evaluation in any sport isn’t a binary process– there are just different variations of certainty. But by increasing your chances, and as such increasing your odds of success, you create a situation where failure becomes almost impossible. That’s why you draft three centers in a row, because even if two of them turn out not to be the right fit, one of them could be great. Joel Embiid is great. Who cares that Nerlens Noel (who might get a max contract, by the way!) was traded for almost nothing, or that Jahlil Okafor is stuck in a no-man’s land and has a skill set the league hardly values anymore. Drafting Noel and Okafor was in service of drafting Embiid. They were at-bats 1 and 3 in a 2-for-4, two-home run game. Just like the greatest baseball mashers don’t hit one out of the park every at-bat (or even most of them), the best GMs won’t make the right pick every time. But when you give yourself the most chances, you’re bound to put one over the fence. This concept was lost on some, who wanted to focus on each individual decision rather than the big picture. But playing the long game, putting the odds in your favor, is what yields Embid. It’s what allowed the Sixers to land the number pick – in their third attempt – in a draft with maybe the best prospect in five years. And it’s what gave them the ability to move up in a draft where they identified a potential superstar in Markelle Fultz.

It wasn’t just luck that the Kings pick swap, which allowed the Sixers to move up from 5 to 3, conveyed. It wasn’t just luck that the Lakers’ pick didn’t convey for three years and thus became unprotected next year. Sure, it had something to do with it, but by constantly putting the odds in their favor, the Sixers, for lack of a better phrase, created their own luck. The anti-Process folks are right in that Hinkie couldn’t foresee what would become of his assets. But what he knew was that eventually all of those little things would work in the Sixers’ favor and create a situation in which they would have an embarrassment of riches – Bryan Colangelo called it “house money,” which I think is a good way to describe it – and could afford to perhaps overspend when the time was right, to outbid the Lakers with their very own pick. Without the pick swap, without the goofy conveyance of the Lakers pick, the Sixers are either not in a position to trade up for the number one pick or, maybe worse, would’ve had to use their own picks, and more of them, to get the deal done. That’s why arguments that the Sixers gave up too much ring hollow. They gave up someone else’s pick. No matter how the future pick conveys to the Celtics, the Sixers will still, as it stands today, have three first round picks over the next two drafts. This is in addition to landing the best player in three of four drafts.

Detractors will rail against the method they took to get here. But let’s go back to 2013 for a moment. Each of the four Phillly sports teams were more or less in the same spot– each was perhaps a fringe playoff team on different trajectories. The three other teams, though each may have landed on their own version of tanking, went about things more conventionally. The Phillies did… whatever the fuck that was for three years. The Flyers continued to try to buy their way into greatness until Ron Hextall decided to slow their roll. And the Eagles have repeatedly just gone about their business of trying to win now-ish. Where has that gotten any of them? Though they might not have the best team next season, it’s clear that the Sixers have, by far, the highest ceiling of any of the four major sports teams. Both the Flyers and Eagles – each with their own high-level draft pick – are certainly well-positioned, with the Eagles thinking they’ve found their franchise quarterback and the Flyers feeling very good about young prospects and the number two pick in the draft this year (which happened to be all luck). But for all the yelling and crowing about the Sixers’ method, not one of the other four teams have won a playoff series in the time it took the Sixers to tank and then cash in their assets. Think about that for a second. We’ve had to endure years of yelling about the sanctity of sports, and yet none of the other three teams, each of which went about things more traditionally, were able to reach the second round of the playoffs, and none are in a better position, today, to become great.

Nothing is guaranteed in sports. Short of adding Kevin Durant to the best team ever, any player signing or pick carries with it some risk. The Process may not yield a championship, but neither has any effort the Eagles, Flyers or Sixers have undertaken in the last 30 years. What it has done, however, has given the Sixers maybe the best crop of young talent in a decade, in any sport. And I dare you to find anyone who, four years ago, wouldn’t have signed up for it if you told them the Sixers would walk away with three potential stars.

  This Is the Culmination of the Process published first on http://ift.tt/2rcdcDH

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This Is the Culmination of the Process

This post is brought to you with limited advertising and no surveys by Michael Parisano. Are you looking to buy or sell your home? Are you a first time buyer looking to buy your first home? If the answer to one of those questions is “yes,” please consider contacting Michael Parisano of Coldwell Banker Preferred. Over 70% of Michael’s clients are first time buyers. Michael Parisano is a native of Delaware County and a graduate of Cardinal O’Hara High School & Temple University. He works with buyers, sellers, renters, and landlords throughout the city of Philadelphia, Delaware County, Chester County, and Montgomery County. Michael is driven, honest, and always strives to be the hardest worker in the room. His main goal is to help his clients find their dream home and to make that process as stress free as possible. Please contact Michael at MParisano@cbpref.com or call him at 610-348-9931.

  For the past four years, the Sixers have undertaken an unprecedented tanking operation in order to secure top draft picks for the purpose of building a dynasty-caliber team. It feels longer. Andre Iguodala sinking the game-winning free throws to advance past a depleted Chicago Bulls team, Philly’s last playoff series win, feels like forever ago. Losing has that effect on the space-time continuum. In the interim, we’ve seen intentional ineptitude, traded draft picks, flipped players, swapped picks, and countless arguments over the merits of it all. Could such an unprecedented, pragmatic, business-like approach to running a sports team ever succeed?

Now here we are. As it stands today, the Sixers will have arguably the best player from three of the last four drafts. If healthy, they could have the best big man in the game, the most promising prospect to enter the draft in five years, and a consensus stud lead guard. All of the major pieces, on paper, fit together. Add in Dario Saric and a handful of players who’ve displayed an ability to earn major rotational minutes on a good team, and the Sixers have a clear path to move forward, with the most cap space in the league. Even the most hardened old-school take artist has to be happy with the position in which the team currently finds itself, and had you told them just four years ago that this would be the case, I imagine most would’ve signed on without even considering the fine print.

The decision to trade with the Celtics for the number one pick represents the culmination of four years of measured, pragmatic decisions. Sam Hinkie’s detractors will say that “anyone can lose.” That’s true, but it conveniently ignores the fact that the Process consisted of much more than losing for the sake of increasing draft odds (as big a part of the strategy as that may have been). The Process, or at least Hinkie’s version of it, was to increase the odds in the Sixers’ favor ever so slightly, every step of the way. Mere mortal GMs may have succumb to the pressure of media dolts calling for the Sixers to build around Michael Carter-Williams or Jahlil Okafor, two guys who showed advanced abilities as rookies even though they are not the sorts of players the modern game values. Indeed, Hinkie could’ve formed a playoff-caliber team in their likeness, but what would have been the point in a conference with LeBron James and a league with the Golden State Warriors? This is the path the Sixers choose for essentially 30 years, and the only notable results it bred were a few seasons where a superstar carried the team on his tiny back until the weight became too much to bear. Something had to change.

For a generation of Sixers fans – call it anyone under 40 – losing was all we knew. With the exception of those three or so years where the Sixers contended with Allen Iverson, our team was a laughingstock, and in the later years had undertaken horrible contracts for the sake of getting into the playoffs only to get waxed by much better and deeper teams. So when presented with the notion of going all-in on a process that would put a terrible team on the floor, but carry with it the potential for greatness, the decision to get on-board was an easy one. This is a notion that was offensive to old talkers, guys who exist solely because of their ability to scream and yell, ostensibly on behalf of the fan, but mostly for their own personal benefit. It was an affront to everything they knew about sports. Losing on purpose? HOW DARE YOU! But to a younger generation, losing on purposes with the ultimate goal of winning – and winning often – seemed way more interesting than signing a 32-year-old power forward with knee troubles who might be able to earn you a second round playoff birth.

So we applauded every step of the way (or at least most of them– I was not quite a blind-loyalist to Hinkie the way many were, because there were some faults in his plan) as Hinkie jettisoned Jrue Holiday, and then the rookie of the year, and then the former second overall pick, and veterans, and took on bloated contracts, in exchange for picks years down the road. At times it seemed like the Sixers would never cash in all of those chips. They seemingly preferred to kick the can down the road. But in reality what they were doing was turning that dial ever so slightly in their favor. A pick swap with the Kings is the best example of this. Hinkie saw the possibility that Vlade Divac had, quite frankly, no idea what he was doing and was building a poorly constructed team destined to fail. Why not take a chance on being the beneficiary of their ineptitude? Why not let the Lakers pick received in the MCW trade roll itself over and potentially not vest for four years if it meant the chance of becoming a truly valuable asset?

All these little things, each step of the way, is what the Process was about. Sure, losing gave the Sixers their own valuable draft picks, not all of which worked out. But again, the point was to increase the odds in their favor. Spiking one season for the chance to land a high lottery pick is fine, but what if you draft Jahlil Okafor over Kristaps Porzingis? What then? Every great player who wasn’t taken number one leaves in his wake the corpses of GMs who whiffed on their one big chance. Even the brightest basketball minds fail to see greatness within their reach or simply are the victims of bad luck when players like Porzingis develop rapidly and unexpectedly. Player evaluation in any sport isn’t a binary process– there are just different variations of certainty. But by increasing your chances, and as such increasing your odds of success, you create a situation where failure becomes almost impossible. That’s why you draft three centers in a row, because even if two of them turn out not to be the right fit, one of them could be great. Joel Embiid is great. Who cares that Nerlens Noel (who might get a max contract, by the way!) was traded for almost nothing, or that Jahlil Okafor is stuck in a no-man’s land and has a skill set the league hardly values anymore. Drafting Noel and Okafor was in service of drafting Embiid. They were at-bats 1 and 3 in a 2-for-4, two-home run game. Just like the greatest baseball mashers don’t hit one out of the park every at-bat (or even most of them), the best GMs won’t make the right pick every time. But when you give yourself the most chances, you’re bound to put one over the fence. This concept was lost on some, who wanted to focus on each individual decision rather than the big picture. But playing the long game, putting the odds in your favor, is what yields Embid. It’s what allowed the Sixers to land the number pick – in their third attempt – in a draft with maybe the best prospect in five years. And it’s what gave them the ability to move up in a draft where they identified a potential superstar in Markelle Fultz.

It wasn’t just luck that the Kings pick swap, which allowed the Sixers to move up from 5 to 3, conveyed. It wasn’t just luck that the Lakers’ pick didn’t convey for three years and thus became unprotected next year. Sure, it had something to do with it, but by constantly putting the odds in their favor, the Sixers, for lack of a better phrase, created their own luck. The anti-Process folks are right in that Hinkie couldn’t foresee what would become of his assets. But what he knew was that eventually all of those little things would work in the Sixers’ favor and create a situation in which they would have an embarrassment of riches – Bryan Colangelo called it “house money,” which I think is a good way to describe it – and could afford to perhaps overspend when the time was right, to outbid the Lakers with their very own pick. Without the pick swap, without the goofy conveyance of the Lakers pick, the Sixers are either not in a position to trade up for the number one pick or, maybe worse, would’ve had to use their own picks, and more of them, to get the deal done. That’s why arguments that the Sixers gave up too much ring hollow. They gave up someone else’s pick. No matter how the future pick conveys to the Celtics, the Sixers will still, as it stands today, have three first round picks over the next two drafts. This is in addition to landing the best player in three of four drafts.

Detractors will rail against the method they took to get here. But let’s go back to 2013 for a moment. Each of the four Phillly sports teams were more or less in the same spot– each was perhaps a fringe playoff team on different trajectories. The three other teams, though each may have landed on their own version of tanking, went about things more conventionally. The Phillies did… whatever the fuck that was for three years. The Flyers continued to try to buy their way into greatness until Ron Hextall decided to slow their roll. And the Eagles have repeatedly just gone about their business of trying to win now-ish. Where has that gotten any of them? Though they might not have the best team next season, it’s clear that the Sixers have, by far, the highest ceiling of any of the four major sports teams. Both the Flyers and Eagles – each with their own high-level draft pick – are certainly well-positioned, with the Eagles thinking they’ve found their franchise quarterback and the Flyers feeling very good about young prospects and the number two pick in the draft this year (which happened to be all luck). But for all the yelling and crowing about the Sixers’ method, not one of the other four teams have won a playoff series in the time it took the Sixers to tank and then cash in their assets. Think about that for a second. We’ve had to endure years of yelling about the sanctity of sports, and yet none of the other three teams, each of which went about things more traditionally, were able to reach the second round of the playoffs, and none are in a better position, today, to become great.

Nothing is guaranteed in sports. Short of adding Kevin Durant to the best team ever, any player signing or pick carries with it some risk. The Process may not yield a championship, but neither has any effort the Eagles, Flyers or Sixers have undertaken in the last 30 years. What it has done, however, has given the Sixers maybe the best crop of young talent in a decade, in any sport. And I dare you to find anyone who, four years ago, wouldn’t have signed up for it if you told them the Sixers would walk away with three potential stars.

  This Is the Culmination of the Process published first on http://ift.tt/2pLTmlv

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Should You Sell or Rent Your Continuum Unit?

Selling vs Renting at Continuum

We have spoken to several Continuum owners who have decided they want to move to a single-family home. They have decided to make the move, but they are not sure yet on whether they want to list their Continuum unit for sale or for rent. There are a few aspects to keep in mind while making this decision. In this blog we discuss the questions one needs to ask in order to make the best decision on whether to rent or to sell a Continuum residence.

To Sell or to Rent a Property | Questions to ask

Is the market going up or going down?

In an upward market it is better to rent the unit until the market is about to reach its peak. This provides you with a nice asset appreciation, which adds to your cap return.  One big question that owners have is ‘If I wait can I sell the home for more later on?”  With this in mind we often ask questions to ourselves like: “What could hurt the market?”: Certainly raised interest rates, reduced benefits for homestead exemption or  “What helps the market”? Such as tax incentives for high tax states like NYC, and California.

In a correcting market, depending on how heavy the correction is, one should decide between holding on to the unit a bit longer or selling it right away before the market shifts from “Oversupply” to “Recession”

What is the condition of my home?

If your property is really nicely done, the premium you get when selling can disappear if tenants don’t like looking after it, and it devalues the product.

Is it the ideal ‘rental property’?

Some homes lend themselves to great returns while others are limited. Tenants don’t value property in the same way that end-users do. For example, end-users will value condo elevations, finishes, views, HOA fees and financial stability of a condo much more than renters do.

Are there better properties to buy to get the same return or better, and put more money in your pocket?

Here is an example: If you own a home of $2,5M, you should get a $15K monthly return on your rental (The ideal is $6k return per $1M invested). If you won’t get that (lets say you get $11K) is it not better if you could own two townhomes for $1M a piece and get $6k per month from each one plus $500k in your pocket or a third property that could yield you $3,000 per month. The other element that is worth to be aware of is that owning the investment property is also about asset appreciation. In the lower price markets we cannot un-typically experience a 10% increase in home value over a year, while the upper market experiences a totally static market. Typically, bigger homes appreciate slower than entry level homes ($1m).  Let me give you an example to explain. If you rent a big home for 3 years and get $12,000 per month but the value changes marginally from $2.5m to $2.7m over 3 years you only make $200,000 on appreciation when you sell. If you were to buy 2 x $1,250,000 homes they could quite easily appreciate from $1,250,000 to $1,600,000 over 3 years, which provides a profit of $700,000. Obviously you are $500,000 better off with the latter option.

How do you feel about being a landlord?

How do you feel about a late night call “The air-co is broken” or “The washing machine is leaking”. Condos are less labour intensive than homes, but tenants are still inclined to call you with their inconveniences.

Months of Inventory at Continuum

Current Inventory

Historic Inventory

Average Prices per SF over the Years at Continuum

In 2018, till March 23rd, only 5 units were sold. 3 Units sold in the South Tower for an average of $2,035 per SF and 2 units sold at the North Tower of which one was a cabana. The condo unit that sold traded for $1,732 per SF

Selling vs Renting your Continuum Condo Unit

The months of inventory at Continuum are following the same trend as the overall South of Fifth market. The SoFi market sees inventories between 17 and 56 months while Continuum is looking at 40/45 months of inventory in both towers. The most luxurious units see a higher inventory than the lower-end of the market. Like in most markets, entry levels are seeing more demand than the most exclusive units. This also means that there is a bigger chance you will sell your more affordable unit faster. As mentioned before we recommend a $6K return for every $1M invested. This is not always easy to get, but it is an ideal and reachable value. Overall we are bullish on the Continuum condo market. This unique condo in the exclusive South of Fifth area has seen inflated prices for the last few years with many buyers paying above-market prices. Nowadays with a limited number of buyers, who at the same time are more price conscious we see that the supply and demand curve has shifted. As this unique most-southern point of Miami Beach offers limited oceanfront lots we are sure the market will be stable again after the necessary corrections.

Under current market conditions, we are looking at an inventory of 3 to 4 years. Please note that for quantitate reasons we did not divide this Continuum study into price ranges, but generally speaking the more affordable units will have less months of inventory than the most exclusive units (please see inventory levels of SoFi market, which are divided into price ranges).

If you bought your condo at market value around 2013 or before, when the market was still far from its highest point, you can either sell or rent it now. If you bought at the height of the market at the inflated prices it will take some years before you recuperate that money. As demand has softened and supply is high it will be hard to sell it now for the money you have bought it for. If you can wait a few years, you might want to rent the unit until the market has reached a higher sales point per SF. If you want to sell within 2 years, we suggest you sell it now before the market adjusts even more. As the inventory is high there is space for additional adjustments. If you do decide to sell, please keep in mind that this is not the 2014 market anymore. Buyers are more price conscious and in general more hesitant to “pull the trigger”. In the last table below we show you the average, lowest and highest sales prices per SF.

In case you are looking for rental income, please remember that the higher-end properties are less easy to rent and high-end properties tend to appreciate at a slower pace than lower-end properties. For example if you own a $5M dollar Continuum unit and you rent it to gain income this will generate around $20,000 per month at Continuum. Lets say you would invest that money in Coconut Grove townhomes. You could either buy 5 townhomes for $1M, each generating between $5K and $6K of rental income per month. This would provide for an income of $25M to $30M, which is much more than you could make at Continuum while these properties are appreciating at a much faster pace given the scarceness of townhomes.

We recognize that each unit is unique and therefore it is difficult to provide everyone with a suitable answer. Please contact David Siddons today at +1.305.508.0899. Depending on your personal interests and goals we will create the most financially sound strategy 

The Average Rental vs Sales Values at Continuum

The Lowest, Average and Highest Sales Prices per SF

The lowest and highest sales prices per SF are taken as an average of the three lowest and three highest sales price per SF.

Contact David Siddons today to discuss the rental and the sales value of your Continuum condo unit. Based on your financial goals we will develop the best strategy for your property

David Siddons | Siddons.d@ewm.com | +1.305.508.0899

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This Is the Culmination of the Process

This post is brought to you with limited advertising and no surveys by Michael Parisano. Are you looking to buy or sell your home? Are you a first time buyer looking to buy your first home? If the answer to one of those questions is “yes,” please consider contacting Michael Parisano of Coldwell Banker Preferred. Over 70% of Michael’s clients are first time buyers. Michael Parisano is a native of Delaware County and a graduate of Cardinal O’Hara High School & Temple University. He works with buyers, sellers, renters, and landlords throughout the city of Philadelphia, Delaware County, Chester County, and Montgomery County. Michael is driven, honest, and always strives to be the hardest worker in the room. His main goal is to help his clients find their dream home and to make that process as stress free as possible. Please contact Michael at MParisano@cbpref.com or call him at 610-348-9931.

  For the past four years, the Sixers have undertaken an unprecedented tanking operation in order to secure top draft picks for the purpose of building a dynasty-caliber team. It feels longer. Andre Iguodala sinking the game-winning free throws to advance past a depleted Chicago Bulls team, Philly’s last playoff series win, feels like forever ago. Losing has that effect on the space-time continuum. In the interim, we’ve seen intentional ineptitude, traded draft picks, flipped players, swapped picks, and countless arguments over the merits of it all. Could such an unprecedented, pragmatic, business-like approach to running a sports team ever succeed?

Now here we are. As it stands today, the Sixers will have arguably the best player from three of the last four drafts. If healthy, they could have the best big man in the game, the most promising prospect to enter the draft in five years, and a consensus stud lead guard. All of the major pieces, on paper, fit together. Add in Dario Saric and a handful of players who’ve displayed an ability to earn major rotational minutes on a good team, and the Sixers have a clear path to move forward, with the most cap space in the league. Even the most hardened old-school take artist has to be happy with the position in which the team currently finds itself, and had you told them just four years ago that this would be the case, I imagine most would’ve signed on without even considering the fine print.

The decision to trade with the Celtics for the number one pick represents the culmination of four years of measured, pragmatic decisions. Sam Hinkie’s detractors will say that “anyone can lose.” That’s true, but it conveniently ignores the fact that the Process consisted of much more than losing for the sake of increasing draft odds (as big a part of the strategy as that may have been). The Process, or at least Hinkie’s version of it, was to increase the odds in the Sixers’ favor ever so slightly, every step of the way. Mere mortal GMs may have succumb to the pressure of media dolts calling for the Sixers to build around Michael Carter-Williams or Jahlil Okafor, two guys who showed advanced abilities as rookies even though they are not the sorts of players the modern game values. Indeed, Hinkie could’ve formed a playoff-caliber team in their likeness, but what would have been the point in a conference with LeBron James and a league with the Golden State Warriors? This is the path the Sixers choose for essentially 30 years, and the only notable results it bred were a few seasons where a superstar carried the team on his tiny back until the weight became too much to bear. Something had to change.

For a generation of Sixers fans – call it anyone under 40 – losing was all we knew. With the exception of those three or so years where the Sixers contended with Allen Iverson, our team was a laughingstock, and in the later years had undertaken horrible contracts for the sake of getting into the playoffs only to get waxed by much better and deeper teams. So when presented with the notion of going all-in on a process that would put a terrible team on the floor, but carry with it the potential for greatness, the decision to get on-board was an easy one. This is a notion that was offensive to old talkers, guys who exist solely because of their ability to scream and yell, ostensibly on behalf of the fan, but mostly for their own personal benefit. It was an affront to everything they knew about sports. Losing on purpose? HOW DARE YOU! But to a younger generation, losing on purposes with the ultimate goal of winning – and winning often – seemed way more interesting than signing a 32-year-old power forward with knee troubles who might be able to earn you a second round playoff birth.

So we applauded every step of the way (or at least most of them– I was not quite a blind-loyalist to Hinkie the way many were, because there were some faults in his plan) as Hinkie jettisoned Jrue Holiday, and then the rookie of the year, and then the former second overall pick, and veterans, and took on bloated contracts, in exchange for picks years down the road. At times it seemed like the Sixers would never cash in all of those chips. They seemingly preferred to kick the can down the road. But in reality what they were doing was turning that dial ever so slightly in their favor. A pick swap with the Kings is the best example of this. Hinkie saw the possibility that Vlade Divac had, quite frankly, no idea what he was doing and was building a poorly constructed team destined to fail. Why not take a chance on being the beneficiary of their ineptitude? Why not let the Lakers pick received in the MCW trade roll itself over and potentially not vest for four years if it meant the chance of becoming a truly valuable asset?

All these little things, each step of the way, is what the Process was about. Sure, losing gave the Sixers their own valuable draft picks, not all of which worked out. But again, the point was to increase the odds in their favor. Spiking one season for the chance to land a high lottery pick is fine, but what if you draft Jahlil Okafor over Kristaps Porzingis? What then? Every great player who wasn’t taken number one leaves in his wake the corpses of GMs who whiffed on their one big chance. Even the brightest basketball minds fail to see greatness within their reach or simply are the victims of bad luck when players like Porzingis develop rapidly and unexpectedly. Player evaluation in any sport isn’t a binary process– there are just different variations of certainty. But by increasing your chances, and as such increasing your odds of success, you create a situation where failure becomes almost impossible. That’s why you draft three centers in a row, because even if two of them turn out not to be the right fit, one of them could be great. Joel Embiid is great. Who cares that Nerlens Noel (who might get a max contract, by the way!) was traded for almost nothing, or that Jahlil Okafor is stuck in a no-man’s land and has a skill set the league hardly values anymore. Drafting Noel and Okafor was in service of drafting Embiid. They were at-bats 1 and 3 in a 2-for-4, two-home run game. Just like the greatest baseball mashers don’t hit one out of the park every at-bat (or even most of them), the best GMs won’t make the right pick every time. But when you give yourself the most chances, you’re bound to put one over the fence. This concept was lost on some, who wanted to focus on each individual decision rather than the big picture. But playing the long game, putting the odds in your favor, is what yields Embid. It’s what allowed the Sixers to land the number pick – in their third attempt – in a draft with maybe the best prospect in five years. And it’s what gave them the ability to move up in a draft where they identified a potential superstar in Markelle Fultz.

It wasn’t just luck that the Kings pick swap, which allowed the Sixers to move up from 5 to 3, conveyed. It wasn’t just luck that the Lakers’ pick didn’t convey for three years and thus became unprotected next year. Sure, it had something to do with it, but by constantly putting the odds in their favor, the Sixers, for lack of a better phrase, created their own luck. The anti-Process folks are right in that Hinkie couldn’t foresee what would become of his assets. But what he knew was that eventually all of those little things would work in the Sixers’ favor and create a situation in which they would have an embarrassment of riches – Bryan Colangelo called it “house money,” which I think is a good way to describe it – and could afford to perhaps overspend when the time was right, to outbid the Lakers with their very own pick. Without the pick swap, without the goofy conveyance of the Lakers pick, the Sixers are either not in a position to trade up for the number one pick or, maybe worse, would’ve had to use their own picks, and more of them, to get the deal done. That’s why arguments that the Sixers gave up too much ring hollow. They gave up someone else’s pick. No matter how the future pick conveys to the Celtics, the Sixers will still, as it stands today, have three first round picks over the next two drafts. This is in addition to landing the best player in three of four drafts.

Detractors will rail against the method they took to get here. But let’s go back to 2013 for a moment. Each of the four Phillly sports teams were more or less in the same spot– each was perhaps a fringe playoff team on different trajectories. The three other teams, though each may have landed on their own version of tanking, went about things more conventionally. The Phillies did… whatever the fuck that was for three years. The Flyers continued to try to buy their way into greatness until Ron Hextall decided to slow their roll. And the Eagles have repeatedly just gone about their business of trying to win now-ish. Where has that gotten any of them? Though they might not have the best team next season, it’s clear that the Sixers have, by far, the highest ceiling of any of the four major sports teams. Both the Flyers and Eagles – each with their own high-level draft pick – are certainly well-positioned, with the Eagles thinking they’ve found their franchise quarterback and the Flyers feeling very good about young prospects and the number two pick in the draft this year (which happened to be all luck). But for all the yelling and crowing about the Sixers’ method, not one of the other four teams have won a playoff series in the time it took the Sixers to tank and then cash in their assets. Think about that for a second. We’ve had to endure years of yelling about the sanctity of sports, and yet none of the other three teams, each of which went about things more traditionally, were able to reach the second round of the playoffs, and none are in a better position, today, to become great.

Nothing is guaranteed in sports. Short of adding Kevin Durant to the best team ever, any player signing or pick carries with it some risk. The Process may not yield a championship, but neither has any effort the Eagles, Flyers or Sixers have undertaken in the last 30 years. What it has done, however, has given the Sixers maybe the best crop of young talent in a decade, in any sport. And I dare you to find anyone who, four years ago, wouldn’t have signed up for it if you told them the Sixers would walk away with three potential stars.

  This Is the Culmination of the Process published first on http://ift.tt/2rcdcDH

[amtushinfosolutionspage]

This Is the Culmination of the Process

This post is brought to you with limited advertising and no surveys by Michael Parisano. Are you looking to buy or sell your home? Are you a first time buyer looking to buy your first home? If the answer to one of those questions is “yes,” please consider contacting Michael Parisano of Coldwell Banker Preferred. Over 70% of Michael’s clients are first time buyers. Michael Parisano is a native of Delaware County and a graduate of Cardinal O’Hara High School & Temple University. He works with buyers, sellers, renters, and landlords throughout the city of Philadelphia, Delaware County, Chester County, and Montgomery County. Michael is driven, honest, and always strives to be the hardest worker in the room. His main goal is to help his clients find their dream home and to make that process as stress free as possible. Please contact Michael at MParisano@cbpref.com or call him at 610-348-9931.

  For the past four years, the Sixers have undertaken an unprecedented tanking operation in order to secure top draft picks for the purpose of building a dynasty-caliber team. It feels longer. Andre Iguodala sinking the game-winning free throws to advance past a depleted Chicago Bulls team, Philly’s last playoff series win, feels like forever ago. Losing has that effect on the space-time continuum. In the interim, we’ve seen intentional ineptitude, traded draft picks, flipped players, swapped picks, and countless arguments over the merits of it all. Could such an unprecedented, pragmatic, business-like approach to running a sports team ever succeed?

Now here we are. As it stands today, the Sixers will have arguably the best player from three of the last four drafts. If healthy, they could have the best big man in the game, the most promising prospect to enter the draft in five years, and a consensus stud lead guard. All of the major pieces, on paper, fit together. Add in Dario Saric and a handful of players who’ve displayed an ability to earn major rotational minutes on a good team, and the Sixers have a clear path to move forward, with the most cap space in the league. Even the most hardened old-school take artist has to be happy with the position in which the team currently finds itself, and had you told them just four years ago that this would be the case, I imagine most would’ve signed on without even considering the fine print.

The decision to trade with the Celtics for the number one pick represents the culmination of four years of measured, pragmatic decisions. Sam Hinkie’s detractors will say that “anyone can lose.” That’s true, but it conveniently ignores the fact that the Process consisted of much more than losing for the sake of increasing draft odds (as big a part of the strategy as that may have been). The Process, or at least Hinkie’s version of it, was to increase the odds in the Sixers’ favor ever so slightly, every step of the way. Mere mortal GMs may have succumb to the pressure of media dolts calling for the Sixers to build around Michael Carter-Williams or Jahlil Okafor, two guys who showed advanced abilities as rookies even though they are not the sorts of players the modern game values. Indeed, Hinkie could’ve formed a playoff-caliber team in their likeness, but what would have been the point in a conference with LeBron James and a league with the Golden State Warriors? This is the path the Sixers choose for essentially 30 years, and the only notable results it bred were a few seasons where a superstar carried the team on his tiny back until the weight became too much to bear. Something had to change.

For a generation of Sixers fans – call it anyone under 40 – losing was all we knew. With the exception of those three or so years where the Sixers contended with Allen Iverson, our team was a laughingstock, and in the later years had undertaken horrible contracts for the sake of getting into the playoffs only to get waxed by much better and deeper teams. So when presented with the notion of going all-in on a process that would put a terrible team on the floor, but carry with it the potential for greatness, the decision to get on-board was an easy one. This is a notion that was offensive to old talkers, guys who exist solely because of their ability to scream and yell, ostensibly on behalf of the fan, but mostly for their own personal benefit. It was an affront to everything they knew about sports. Losing on purpose? HOW DARE YOU! But to a younger generation, losing on purposes with the ultimate goal of winning – and winning often – seemed way more interesting than signing a 32-year-old power forward with knee troubles who might be able to earn you a second round playoff birth.

So we applauded every step of the way (or at least most of them– I was not quite a blind-loyalist to Hinkie the way many were, because there were some faults in his plan) as Hinkie jettisoned Jrue Holiday, and then the rookie of the year, and then the former second overall pick, and veterans, and took on bloated contracts, in exchange for picks years down the road. At times it seemed like the Sixers would never cash in all of those chips. They seemingly preferred to kick the can down the road. But in reality what they were doing was turning that dial ever so slightly in their favor. A pick swap with the Kings is the best example of this. Hinkie saw the possibility that Vlade Divac had, quite frankly, no idea what he was doing and was building a poorly constructed team destined to fail. Why not take a chance on being the beneficiary of their ineptitude? Why not let the Lakers pick received in the MCW trade roll itself over and potentially not vest for four years if it meant the chance of becoming a truly valuable asset?

All these little things, each step of the way, is what the Process was about. Sure, losing gave the Sixers their own valuable draft picks, not all of which worked out. But again, the point was to increase the odds in their favor. Spiking one season for the chance to land a high lottery pick is fine, but what if you draft Jahlil Okafor over Kristaps Porzingis? What then? Every great player who wasn’t taken number one leaves in his wake the corpses of GMs who whiffed on their one big chance. Even the brightest basketball minds fail to see greatness within their reach or simply are the victims of bad luck when players like Porzingis develop rapidly and unexpectedly. Player evaluation in any sport isn’t a binary process– there are just different variations of certainty. But by increasing your chances, and as such increasing your odds of success, you create a situation where failure becomes almost impossible. That’s why you draft three centers in a row, because even if two of them turn out not to be the right fit, one of them could be great. Joel Embiid is great. Who cares that Nerlens Noel (who might get a max contract, by the way!) was traded for almost nothing, or that Jahlil Okafor is stuck in a no-man’s land and has a skill set the league hardly values anymore. Drafting Noel and Okafor was in service of drafting Embiid. They were at-bats 1 and 3 in a 2-for-4, two-home run game. Just like the greatest baseball mashers don’t hit one out of the park every at-bat (or even most of them), the best GMs won’t make the right pick every time. But when you give yourself the most chances, you’re bound to put one over the fence. This concept was lost on some, who wanted to focus on each individual decision rather than the big picture. But playing the long game, putting the odds in your favor, is what yields Embid. It’s what allowed the Sixers to land the number pick – in their third attempt – in a draft with maybe the best prospect in five years. And it’s what gave them the ability to move up in a draft where they identified a potential superstar in Markelle Fultz.

It wasn’t just luck that the Kings pick swap, which allowed the Sixers to move up from 5 to 3, conveyed. It wasn’t just luck that the Lakers’ pick didn’t convey for three years and thus became unprotected next year. Sure, it had something to do with it, but by constantly putting the odds in their favor, the Sixers, for lack of a better phrase, created their own luck. The anti-Process folks are right in that Hinkie couldn’t foresee what would become of his assets. But what he knew was that eventually all of those little things would work in the Sixers’ favor and create a situation in which they would have an embarrassment of riches – Bryan Colangelo called it “house money,” which I think is a good way to describe it – and could afford to perhaps overspend when the time was right, to outbid the Lakers with their very own pick. Without the pick swap, without the goofy conveyance of the Lakers pick, the Sixers are either not in a position to trade up for the number one pick or, maybe worse, would’ve had to use their own picks, and more of them, to get the deal done. That’s why arguments that the Sixers gave up too much ring hollow. They gave up someone else’s pick. No matter how the future pick conveys to the Celtics, the Sixers will still, as it stands today, have three first round picks over the next two drafts. This is in addition to landing the best player in three of four drafts.

Detractors will rail against the method they took to get here. But let’s go back to 2013 for a moment. Each of the four Phillly sports teams were more or less in the same spot– each was perhaps a fringe playoff team on different trajectories. The three other teams, though each may have landed on their own version of tanking, went about things more conventionally. The Phillies did… whatever the fuck that was for three years. The Flyers continued to try to buy their way into greatness until Ron Hextall decided to slow their roll. And the Eagles have repeatedly just gone about their business of trying to win now-ish. Where has that gotten any of them? Though they might not have the best team next season, it’s clear that the Sixers have, by far, the highest ceiling of any of the four major sports teams. Both the Flyers and Eagles – each with their own high-level draft pick – are certainly well-positioned, with the Eagles thinking they’ve found their franchise quarterback and the Flyers feeling very good about young prospects and the number two pick in the draft this year (which happened to be all luck). But for all the yelling and crowing about the Sixers’ method, not one of the other four teams have won a playoff series in the time it took the Sixers to tank and then cash in their assets. Think about that for a second. We’ve had to endure years of yelling about the sanctity of sports, and yet none of the other three teams, each of which went about things more traditionally, were able to reach the second round of the playoffs, and none are in a better position, today, to become great.

Nothing is guaranteed in sports. Short of adding Kevin Durant to the best team ever, any player signing or pick carries with it some risk. The Process may not yield a championship, but neither has any effort the Eagles, Flyers or Sixers have undertaken in the last 30 years. What it has done, however, has given the Sixers maybe the best crop of young talent in a decade, in any sport. And I dare you to find anyone who, four years ago, wouldn’t have signed up for it if you told them the Sixers would walk away with three potential stars.

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