EB

I’m getting mine in the form of higher coupons on my debt investments

Makes perfect sense in an allocator industrial complex that generates hundreds of billions of dollars of compensation to layers of intermediaries, none of whom are incentivized to care what ultimate returns are let alone what price is along the way, and beneficiaries with limited agency/knowledge

White collar work is mostly in service of other white collar work. If AI is theoretically to wipe out those jobs, it will also wipe out that from which it derives its value?

No, nuclear blocked

You know who we never hear about anymore is Hope Hicks

Private Wealth Will Change Real Estate Brandon Sedloff Juniper Square Private wealth is poised to reshape commercial real estate. As more high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals seek uncorrel...

Having run out of ways to get liquidity for underwater holdings, there’s an entire article in the pension real estate mag promoting dumping their bags on the buyers of last resort, lol

Everyone thought TINA was a ZIRP phenomenon and not a permanent feature of a financialized economy where the only business is money

The problem with the term “grift” is that when the economy is just money, that’s the business

Lol is that real damn

You’re saying the authors are not bullish enough

Abelist and shameful (will see myself out)

Nothing, he’s going to be around for a long ti

Berkshire holders Saturday
Berkshire holders Monday at the open

I don’t really understand why the business model is going to be “robotaxi” vs “selling Hyundai Waymo cars with a monthly subscription to the self driving”

Think backwards still. just get big enough because desirable for everything else that they can support a team. Austin no team. Vegas got a team imho because they hit critical mass and growing for cheap housing, nobody is moving from nyc to sunbelt because of teams. SD lost a team, 10 people cared

Same as Host paid for the 1 Hotel Central Park lmao what a stupid clusterfuck (note: yes, I will port over identical comments, I have no shame)

Sounds like an Argus assumption vs reality, which is also why so many are losing their shirts in office right now. garbage in foreclosure out

It’s literally pointless (everything)

Do you know how much capex and re-leasing costs?

#neverinvest

SF CRE, 25 year hold, zero return

Walmart fights gonna be lit this year

I’m ready for stagflation, shortages and getting poorer as a country. I pretty much don’t care about anything that costs money. Enjoyed the nice things while they lasted

Today, it will be the price of everything but oil

In fairness, I don’t think it’s just a storage thing, I’ll make a longer form at some point but basically I think the entire cre complex might be off 150bps+ due to confluence of poor flows profile plus underpriced risk that rates stay/go higher over next 5 years plus slowing growth

Ecom death, boomer death, storage death, recession and rates won’t save you now

Lfg

Holy shit I was about to say, I guess going to become my parents the day I rent a unit. You’re prob right. It’s likely too marginal to matter but I feel like the different gens may have a different view towards stuff attachment but maybe that’s made up. Should be a bunch of storage estate sales tho

Ok actual question, are the storage REITs customers primarily boomers or no

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