fareastwarriors

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

Peter Thiel Gamed Silicon Valley, Donald Trump, and Democracy to Make Billions, Tax-Free In an exclusive excerpt from The Contrarian, a new biography, the disruption-preaching power broker is revealed as just another rich guy desperate to keep his fortune from the IRS. https://www.bloomberg.com/news/features/2021-09-15/peter-thiel-gamed-silicon-valley-tech-trump-taxes-and-politics?srnd=premium

Remember seeing so many articles on "ghost cities" years ago and how China RE was going to bust. https://www.bloomberg.com/news/features/2021-09-01/chinese-ghost-cities-2021-binhai-zhengdong-new-districts-fill-up China’s Ghost Cities Are Finally Stirring to Life After Years of Empty Streets Vast new urban districts that stood vacant are gaining residents and businesses.

Picked up some more FRPH at 55.05

Interactive Brokers supported products include: Bitcoin (BTC) Bitcoin Cash (BCH) Ethereum (ETH) Litecoin (LTC) https://www.interactivebrokers.com/en/index.php?f=49513 Cryptocurrency trade execution and custody are provided by Paxos Trust Company, a regulated New York limited trust company that affords investors secure technology and a high level of protection. Transactions have low and transparent tiered commissions from 12 to 18 basis points of trade value, with a minimum of $1.75 per order but no more than 1% of trade value.

The Rapid Increase in Rents What is happening? Why? And what will happen. https://calculatedrisk.substack.com/p/the-rapid-increase-in-rents

What's going on in Canada?

Natty Light? You're a man of the people! Takes me back to my college days.

fire ball shots? That's a fuking rager!

In addition to older folks not working for health reasons, many teenagers and young adults no longer work jobs. This has been the trend even pre-pandemic. If you're parents with some means, do you really want your kids out there making minimum wage right now? Some won't mind sure but I bet majority do. I don't have the data so maybe it's my own bs.

I hope he will use some time to find a better job. Fast food is shit and has always been shit. I never understood why people bother with it. If you can speak okay English and don't mind hard work, it always pay more to be a server at any old place. The food industry is always hard work for low pay with no benefits (for most places). It's especially bad in the back of the house (cooks/dishwashers/preps). My dad worked as a cook all his life and I did too for some years. Pre-covid, I made $19 an hour as a cook in the SF Bay Area with no benefits. I worked 10-12 hour days. That's crazy low but especially bad since I'm in the Bay Area. I hope many of my peers will never come back to this shit show of an industry. Please do something else. Go make More or at least similar pay, work not as hard, work less hours, and have benefits elsewhere please. Go work for USPS/ FedEx/ Target/ etc than this terrible industry. If you want to make real money then go work a construction trade. We have a shortage of construction workers/contractor types of a decade+ now... Okay, I'll chill now

the @Gregmal etf ?

Added to jbgs at 29.5