fareastwarriors

+1

Deutsche Bank could move half its NY staff to smaller hubs https://therealdeal.com/2020/12/14/deutsche-bank-could-move-half-its-ny-staff-to-smaller-hubs/

Covid Is Accelerating the Exodus From New York and California to Cheaper States While taxes spur relocations by the rich, lower costs, bigger living spaces and better quality of life are driving other Americans during the pandemic. https://www.bloomberg.com/news/articles/2020-12-14/best-us-cities-to-move-to-during-covid-where-and-why-americans-are-relocating

This manager is gonna earn some nice AUM fees.

Ken Moelis Gives His Bankers Blessing to Move Wherever They Want https://www.bloomberg.com/news/articles/2020-12-11/moelis-gives-his-bankers-blessing-to-work-wherever-they-want?srnd=premium

More inst $ money flowing in 169-Year-Old Insurer MassMutual Invests $100 Million in Bitcoin https://www.bloomberg.com/news/articles/2020-12-10/169-year-old-insurer-massmutual-invests-100-million-in-bitcoin?srnd=premium Investment represents 0.04% of its general investment account Insurer also makes $5 million equity investment in NYDIG

Renters return to Manhattan, driving 30% gain in new leases in November https://www.cnbc.com/2020/12/10/renters-return-to-manhattan-in-november-driving-30percent-gain-in-leases-.html

Any news for GEOS to trade up 30% since that day of forced selling? Only news I saw was the $6 to ~$8 move which in a round about way screamed, "ALWAYS TAKE ADVANTAGE OF FORCED SELLERS!"... I've trimmed position down again to about half; I think the rest I'll layer out of in the 8s. I would not be surprised to see a sale of the company though. The buyback was actually intentionally, or unintentionally, brilliantly timed as well. Sold the rest of this today. Also did the unthinkable. Shorted some Tesla. ~1% position. So you're the reason Tesla is finally down today.

Added to more $GRIF at 75. Small. Just few thousand $s.

https://www.bloomberg.com/news/articles/2020-12-06/goldman-plots-florida-base-for-asset-management-in-a-blow-to-nyc?srnd=premium

Make sense though. Large city with many renters, large population of young and single people and high cost. But I bet Seattle suburbs are white hot. I'm throwing 700k cash offers at 3bed/1bath 1,000 sq ft houses in the east bay of San Francisco. I'm not even competitive apparently...

Happy Thanksgiving.

They have been widely available at Costco in my market. Right at the entrance. I wonder who made that introduction... ;) They were even on sale for a bit. Loaded up on them. Should've loaded up with the stocks instead lol

After reading through this, I felt like I wasted my 20s. ;D

How much NYC office do you still own? This is what makes a market. low teens % of portfolio and dropping. What was it at peak and how do you typically size? Pupil and Gregmal trimming their office REITs... Uh oh... Run, don't walk!

Is New York City Over? (Ep. 434) https://freakonomics.com/podcast/urban-flight-part-1/

looks like the gate foundation bought a million shares of Boston Properties. in addition, TCI Fund/ Chris Hohn added 3.6 million shares. https://www.dataroma.com/m/holdings.php?m=GFT https://www.dataroma.com/m/m_activity.php?m=tci&typ=a

That's surprising considering we are probably still in the early innings of the recovery for office REITs. Why now? Do you have higher margin than you like? No other income coming in?

Another historic day for NASA and SpaceX !

I'll get a boat but I want to how to swim first... :'(

Added to JBGS, VNO, ESRT.... I don't like seeing green in my portfolio.

Added to Bac

Started a position in PCYO

The IRS should be the best funded agency. #FundtheIRS Could can we try close the tax gap a bit before even attempting to mess with all the different rates? It won't solve the deficit or solve all the major problems sure. But it's good optics to make "the rich" paid their lawful share. It's good for law and order since we have these tax laws already so we should try to enforce them. More and better audits will encourage better compliance. https://www.treasury.gov/tigta/congress/congress_05092019.pdf But y'all are way smarter than me so I'll move on as y'all argue about the rates, incentives, and the need/role of taxes.

MSFT JBGS