fareastwarriors

Bug puts $162 million up for grabs, says founder of DeFi platform Compound https://www.cnbc.com/2021/10/03/162-million-up-for-grabs-after-bug-in-defi-protocol-compound-.html About $162 million is up for grabs after an upgrade gone very wrong, according to Robert Leshner, founder of Compound Labs. Some, including a core developer at DeFi platform Yearn, are billing this as the biggest-ever fund loss in a smart contract incident.

I agree with you on many points. Many jobs can be done at home and done well. However majority of office workers don't do highly technical shit and we are not that dedicated or passionate about what we do. We are grunts and work enough not to get fired or just a bit more. We are not changing the world but we are okay with that. Many offices are NOT OPEN even if you wanted to work there. So even if just 10-40% of workers Want to go work in office, they can't or need some special permission. I just think it's bs to say it's too dangerous to work in an office but okay for everyone to pack the restaurants/bars/clubs. Anyways, I don't even have a job so I need to chill. Happy Sunday!

Yea man it's some bs. I'm out in the SF area. There is high vax rate and high employment for white collar jobs. Downtown is empty but the restaurants are packed.

Not sure where to put this one but dam Munger is effing legendary. Billionaire Charlie Munger’s Timely Apartment Bet Began With Hebrew Bible Billionaire partnered with friend on rentals before pandemic Soaring rents have boosted value of multifamily buildings https://www.bloomberg.com/news/articles/2021-10-01/charlie-munger-s-timely-apartment-bet-began-with-hebrew-bible?srnd=premium

DeFi bug accidentally gives $90 million to users, founder begs them to return it About $90 million has mistakenly gone out to users of Compound, a popular decentralized-finance staking protocol, and the founder is begging users to voluntarily return the tokens. “Keep 10% as a white-hat. Otherwise, it’s being reported as income to the IRS, and most of you are doxxed,” Robert Leshner, founder of Compound Labs, tweeted late Thursday. https://www.cnbc.com/2021/10/01/defi-protocol-compound-mistakenly-gives-away-millions-to-users.html Must've missed my account

New York City Apartment Rentals Are Now as Scarce as Before the Pandemic With the city coming back to life, eager renters are snapping up apartments despite price increases. https://www.bloomberg.com/news/articles/2021-09-30/home-price-surge-nyc-apartments-for-rent-shrink-back-to-pre-pandemic-levels?srnd=premium

Added recently as well.

More $JBGS under $30.

More jbgs

Publicly-traded firms now own $1.64T of US real estate Google and Amazon among major tech companies snapping up properties https://therealdeal.com/2021/09/28/publicly-traded-firms-now-own-1-64t-of-us-real-estate/

Philanthropic Billionaire Walter Scott Dies At 90 https://www.npr.org/2021/09/25/1040728667/philanthropic-billionaire-walter-scott-dies-at-90

NYC Office Market Revives With Tech Firms Hunting for Space Microsoft, Roku among companies seeking Manhattan leases Growing firms line up new offices even as staffs work remotely https://www.bloomberg.com/news/articles/2021-09-24/nyc-tech-push-gains-steam-with-microsoft-roku-in-hunt-for-space Video-streaming company Roku is in talks to lease more than 100,000 square feet at 5 Times Square in Midtown, and Microsoft is close to a deal for roughly 100,000 square feet in the Flatiron district, according to people familiar with the companies’ plans. Stripe recently took more than 100,000 square feet at a WeWork location in lower Manhattan, people familiar with the transaction said.

I guess @Parsad is not buying this dip!

Same here! Nothing yesterday or today though.

Hines, Korean Pension Fund Bet Big on San Francisco Comeback They plan to redevelop site of PG&E’s office campus in San Francisco https://www.wsj.com/articles/hines-korean-pension-fund-bet-big-on-san-francisco-comeback-11632225601 Real-estate developer Hines Interests LP and a South Korean pension fund are planning a $2.5 billion-plus office and apartment project in San Francisco, a vote of confidence in one of the markets most upended by the pandemic.

What's the theme here for COMP and Z? Continued strong demand for housing?

Google’s $2.1 billion office building deal is latest sign of Big Tech’s muscle in Manhattan market Google’s $2.1 billion deal to buy a Manhattan office building adds to the rapid growth of Silicon Alley. Its latest deal brings its total square footage in Manhattan to over 3.1 million square feet. The leasing activity from Big Tech has helped spark early signs of a recovery in the Manhattan office market, which has been hit hard by the Covid-19 pandemic and urban flight. https://www.cnbc.com/2021/09/22/big-tech-is-helping-to-save-manhattans-real-estate-market-.html

BRK.B, FRPH, JBGS

https://www.businessinsider.com/new-york-city-real-estate-prices-sales-worse-pre-pandemic-2021-9 It's a horrible time to be a New Yorker looking for a new pad, but a great time for NYC's economy. NYC real estate "recovered" as residents returned over the summer — meaning the high prices are back. Prices for rentals and sales are up, as are lease signings and buyer purchases.

Who's next? https://www.space.com/news/live/spacex-inspiration4-updates SpaceX successfully launched the first all-civilian mission to orbit Earth on Sept. 15, 2021 using a used Crew Dragon capsule and veteran Falcon 9 rocket

The Hottest Tax Break for the Rich Is a Middle-Class Retirement Account More than $279 billion sits in IRAs with at least $5 million each. They allow the wealthy to avoid taxes and pass on their fortune. https://www.bloomberg.com/news/articles/2021-09-16/roth-ira-how-the-richest-americans-use-retirement-accounts-to-avoid-taxes?srnd=premium

Bit more at 54.

How much does Coinbase usually charge? What about custody? Any concern with Paxos?

New York Renters Face 70% Increases as Pandemic Discounts Expire The era of Covid concessions for apartment hunters is over. https://www.bloomberg.com/news/articles/2021-09-15/new-york-city-rents-landlords-jack-up-prices-70-in-lease-renewals-post-covid?srnd=premium

More CLPR at $8