Inside Spokane Development with Keith and Jordan

In this episode of Chess Not Checkers, Keith Riddle and Jordan Tampien pull back the curtain on something they usually only mention in passing: the real mechanics of real estate development. Whether you are an investor, a developer, a would-be flipper, or just trying to make sense of today's housing market, this episode is a candid, numbers-and-all look at how real estate really works, and a reminder that at some point, as Jordan puts it, you have to pick a life instead of just collecting stuff. Show Flow 00:00 Breaking Down a Real Deal for Once 02:39 The Peyton: Seven Stories, 96 Units 07:44 Tax Credits, Lenders, and a Loan That Nearly Fell Apart 12:44 Why a Pro Forma Is Worthless Once You Dig In 20:40 The New Rules: Rates, Holding, and Who Wins 25:48 Where Values Are Actually Falling 28:18 Rebuilding After the Fires vs. Your Insurance Payout 36:13 Spokane's Renovator's Market and the Return on a Flip 46:39 50,000 Older Homes and Why More Flippers Would Help 49:09 Oversized Houses and the Shift in What Buyers Want 56:59 The Hidden Costs of Owning a Home 1:12:42 Sentiment, and Reconnecting 1:22:30 Final Thoughts and Wrap-Up