Coffee and a Mike Mitch Vexler and Travis Spencer #1248
Nov 12, 2025
Mitch Vexler, President of Mockingbird Properties and whistleblower on property evaluations, joins Travis Spencer, host of the Real Estate Mindset YouTube channel and local activist. They delve into appraisal fraud and local bond issues, revealing alarming trends in property tax inflation and eviction risks in metro areas. The duo critiques the implications of 50-year mortgages and discusses the ramifications of systemic fraud versus civic action. Plus, they touch upon the economic dangers reminiscent of the 2007 financial crisis, urging homeowners to engage in activism.
AI Snips
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Transcript
Episode notes
AI Hardware Accounting Games
- Michael Burry argues hyperscalers understate depreciation by extending useful lives of compute assets, inflating earnings.
- Mitch Vexler expands that companies also kite income between entities to mask true revenue and expenses.
Data Centers May Become White Elephants
- Massive data center construction and oversized facilities may be economically unjustified given rapid chip performance gains.
- Mitch calls many new data centers utilitarian white elephants that lack alternative uses.
Hidden Eviction Spike In The Data
- Travis and Mitch show eviction and bankruptcy risk is far larger than reported due to missing or altered public data.
- They claim many metro rental eviction filing rates exceed 30%, signaling systemic housing distress.