Barrett Linburg Profile picture
Jul 24 12 tweets 2 min read Read on X
A hidden fire‑safety rule is quietly adding $1+ million to the price of many new apartment buildings.

Crazy part? 

The gear it mandates has been used exactly once in a real US fire.

Let’s unpack this 👇
What is FARS?

Imagine a gas pump on every floor.

Firefighters plug empty air tanks into the wall, refill in two minutes, and keep going.

Clever idea, until you see what it costs and how often it is actually used
The 2021 International Fire Code says buildings need FARS if they’re:
• 5 + stories above ground
• 2 + stories below ground
• OR bigger than a 500 k  sq‑ft

Cities adopted this edition in 2023‑24, so developers are just now finding out.
Price list (per/building)

• High‑pressure compressor   $100 k
• Storage tanks (cascade)   $50 k
• Blast‑rated pump room   $350 k
• Steel air pipes & fill panels   $160 k
• Street hook‑up   $30 k

Total ≈ $650k ‑ $1M per building
What that means for rent

A 100‑unit building eats a $700 k bill. That’s $7 k per unit

Plus $5‑10 k a year in tests and tune‑ups.

Only projects that can command higher rents will get capitalized
There is a monopoly on the hardware

Johnson Controls owns the only code‑approved FARS hardware. They bought the patent in 2022.

Installers can compete on labor, but the equipment price is fixed.
Real‑world usage

A 2023 NFPA survey of 200 fire departments found one confirmed activation: a 2021 apartment fire in Frisco, TX.

No documented life‑saves.

All other FARS activations have been drills and marketing claims.
Fresh Dallas example

Our next project: 5 stories of apartments

Code forces FARS in 4 stairwells.

Bids came back $858 k ($215 k per stairwell) without the on‑site air‑supply gear (Dallas owns three air‑trucks already).
Uneven geography

• Strict states (TX, CA, CO, WA) = full system, max cost • Moderate states (AZ, MA) = street hook‑up only, cheaper
• Most others = no FARS at all Result: the priciest markets get even pricier.
A cheaper compromise

Many cities that own air‑trucks allow a hook‑up‑only system: curb‑side valve + stairwell pipes, no pump room.

Same benefit to firefighters, saves 75‑85 % of the cost.
Why it matters

Every $1 k tacked onto a unit prices out families.

I already know three North‑Texas projects—over 1 000 workforce units—that may die because of this rule.
Safety is vital, but blanket rules can backfire.

Should cities insist on the $1 M/building version of FARS or adopt the cheaper hook‑up approach and keep housing costs in check?

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More from @DallasAptGP

Jul 10
Forget everything you've heard about Opportunity Zones

They're now permanent

The new program lets you reinvest the same capital repeatedly for decades, building project after project, with all growth tax-free

Here's the details:
First, what is an Opportunity Zone?

It's an economically distressed area where investors can invest capital gains for tax benefits, spurring development and growth.
Old OZ rules expire at the end of 2026, the original program didn't allow for investors to compound their money for decades tax free

Now, OZ maps refresh every 10 years, enabling predictable, long-term planning.
Read 20 tweets
Jun 16
🚨BREAKING: Senate Finance Committee just unveiled Opportunity Zones 2.0 and it makes OZs PERMANENT.

This is huge.

The fact we're even here shows the massive impact of the program and brilliant work by Senator Crapo and Senator Tim Scott.

Here's what's in the bill:
Big picture: STILL A WORK IN PROGRESS

Unlike the House bill that passed as-is, this goes through markup

Two game-changing additions could still make it: allowing non-capital gains and interim gains rollover

Both should score ~$0 but would massively increase community impact
PERMANENCE: No more sunset dates.

OZs become a permanent part of the tax code with fresh designations every 10 years. First new cycle starts July 1, 2026 for zones active Jan 1, 2027.

States get predictable planning horizons, investors get long-term certainty.
Read 14 tweets
Jun 16
Starting Sept 1, Texas SB 840 allows apartments to be built by right on most commercial land.

No city council vote.
No rezoning battles.

Here's why this quiet law might reshape Texas suburbs 🧵
Who's affected: Cities >150k in counties >300k

Dallas • Fort Worth • Arlington • Plano
McKinney • Frisco • Irving • Garland • Grand Prairie

Translation: if you live in DFW suburbs, this impacts you.
The core rule: Sites zoned office, retail, commercial, warehouse, or mixed-use can now get apartments approved administratively.

Developers file → cities must approve (per §218.102).

No more 18-month rezoning fights.
Read 9 tweets
Apr 7
Imagine investing capital gains once and NEVER paying taxes again.

After deploying $140M+ into real estate, I've tested almost every tax strategy—NOTHING compares.

It's not a loophole; it's the law. Here's the exact OZ blueprint most investors overlook…
DISCLAIMER: This thread isn't tax or investment advice.

Always consult qualified professionals before making investment decisions. That said, understanding the fundamentals can help you have better conversations with your advisors.

Go ahead and bookmark it to come back to
STRATEGY #1: UNDERSTAND THE BASICS
Read 27 tweets
Mar 23
Opportunity Zones (OZ) are the ULTIMATE tax-advantaged vehicle for real estate investors.

The government literally pays you (via tax breaks) to invest in designated low-income census tracts from 2010 data.

This is wealth-building the tax code practically begs you to use! 👇
OZ in a nutshell:

▪️Sell something, invest the capital gain in a QOF
▪️Defer original gain taxes until 2027
▪️QOF invests in OZ properties
▪️Hold 10+ years = ZERO tax on ALL appreciation
▪️NO depreciation recapture EVER
The OZ program (created by the 2017 Tax Cuts and Jobs Act) is the government's way of directing growth to underserved communities—think new housing, jobs, and development.

You get extraordinary tax breaks, communities get investment.

Win-win!
Read 27 tweets
Dec 24, 2024
Hot take from a Texan: I don’t grill my steaks anymore

Cooking for a holiday crowd? Worried about ruining those expensive steaks?

Here's my foolproof method for perfectly cooked steak—no grill required. Image
Let’s talk cuts.

You don’t have to go with SRF filets (though they’re my favorite). Any high-quality steak will work. It’s the holidays—splurge a little.

Keep the seasoning simple:

Salt
Pepper
A dash of onion/garlic powder

Let the meat shine. Image
Image
After seasoning, vacuum-seal the steaks.

I use a FoodSaver for convenience, but a zip-loc bag + water displacement method works just as well.

Sous vide is forgiving—you don’t need fancy gear to get started. Image
Read 7 tweets

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