fareastwarriors

Full report: https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf . . . Stablecoins are a compelling payment option, but they need to be regulated, Biden administration report says The Biden administration announced that stablecoins, a type of digital asset pegged to traditional currencies, could transform the way Americans pay for everything from cell phones to haircuts. The President’s Working Group on Financial Markets found that, when regulated, stablecoins could “support faster, more efficient, and more inclusive payments options.” https://www.cnbc.com/2021/11/01/congress-should-regulate-stablecoins-biden-administration-report-says.html

See: Refinance Mega Thread and see: Relationship mortgage discounts for moving a million assets

Boomer Wealth Is Surging in Florida, Leaving Workers Behind The state’s combination of aging population and lack of affordable housing makes it the “canary in the coal mine” for the rest of the U.S. https://www.bloomberg.com/news/articles/2021-10-28/florida-baby-boomer-wealth-influx-risks-pricing-out-younger-locals?srnd=premium The median sale price of a home in Sarasota County hit $407,000 in September, up almost 28% from a year ago, numbers from the Realtor Association of Sarasota and Manatee show. More than one-third of households in the county are “cost-burdened,” meaning they spend more than 30% of income on housing, says Thaxton, who’s also a former county commissioner. Rents were up 20% over last year as of this summer, according to a report in the Sarasota Herald-Tribune.

added some APTS.

The Unconventional Franchise Model Behind Chick-fil-A’s Success Chick-fil-A has built its rapid growth on the popularity of its chicken sandwich. But its unconventional approach to business has helped make it the third biggest fast-food chain in the U.S. https://www.wsj.com/video/series/the-economics-of/the-unconventional-franchise-model-behind-chick-fil-as-success/18DD9C3D-5712-41BB-9F43-FB5F39301F92?mod=business_lead_pos5

more $MSGE at 69

some FB during regular market hours

Some fb

Manhattan Rents Rise for the First Time Since Covid’s Early Days https://www.bloomberg.com/news/articles/2021-10-14/manhattan-rents-rise-for-the-first-time-since-covid-s-early-days?srnd=premium

I'm a bit confused. Only USD in your account is FDIC insured, not other securities/crypto right? https://www.gemini.com/legal/user-agreement#section-fdic-insurance

Anyone Seen Tether’s Billions? A wild search for the U.S. dollars supposedly backing the stablecoin at the center of the global cryptocurrency trade—and in the crosshairs of U.S. regulators and prosecutors. https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether?srnd=premium&sref=SCKvL4TY (open in private/incognito mode, if you don't have access)

Picked up some INDT sub 64.

NYC’s Surging Real Estate Market Boosts Coffers With Tax Revenue City collected $468 million in first two months of fiscal year Sales of condos, houses have been surging as economy rebounds https://www.bloomberg.com/news/articles/2021-10-04/nyc-s-surging-real-estate-market-boosts-coffers-with-tax-revenue

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.