fareastwarriors

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

Pgre and eqc

i feel like i am really in the running for "most COBF dollars destroyed with ideas in 2020" award. Seriously. All my pupil ideas are in the toilet... ;D Added to JBGS and BRK.B...

Greenlight Capital's David Einhorn just called the top in stocks and gave 10 reasons tech is in a bubble https://markets.businessinsider.com/news/stocks/stock-market-outlook-top-call-einhorn-signs-technology-bubble-letter-2020-10-1029728846#

If you're happy with the investment choices in this 401k and the company doesn't force you to rollover, you can choose to let the account stay in the plan. You just can't contribute additional funds to it. I still have an old 401k from a place where I worked like 10 years ago. Their funds have super low expenses so I use it part of my "passive" allocation. The returns there are similar to my active side despite spending so much more hours on the active side. ::) *smh at myself*

In a Battered New York Office Market, Life Science Is Flourishing With state and city government support, developers are building laboratories for medical research and incubator spaces for biotech start-ups amid the race for a coronavirus vaccine. https://www.nytimes.com/2020/10/27/business/life-science-new-york-coronavirus.html

Can't be positive for high cost and high tax cities and states... https://redditblog.com/2020/10/27/evolving-reddits-workforce/ What about employee compensation? To help drive the idea home (pun intended), we’ve reimagined our approach to compensation in the US. To support employees to live where they want to and do their best work, we are eliminating geographic compensation zones in the US. It means that our US compensation will be tied to pay ranges of high-cost areas such as SF and NY, regardless of where employees live. We believe this is the right balance of flexibility and support for employees, recognizing the varied tradeoffs people consider when deciding where to live. Internationally, we have had one pay range per country, and now the US will be consistent with this approach.

Added to JBGS as well.

EQR

What about charter schools?

I can't think of any limitations if you plan to directly rollover from 401k to IRA.

Y'all got me excited too. Added to BRK.B

Life science properties look good. Ventas sprinkled a cool billion of coin across the Bay from me. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/ventas-to-buy-3-south-san-francisco-buildings-for-1b-60429754 The class A properties include the 721,000-square-foot Genesis Towers complex at One & Two Tower Place, and the 72,000-square foot four-story building at 4000 Shoreline Court. The buildings comprising a mix of office and laboratory space are being sold by Bain Capital Pvt. Equity LP and investment firm Phase 3 Real Estate Partners Inc., according to the report. Eastdil Secure represents the sellers. The Chicago-based healthcare real estate investment trust will receive a $415 million 10-year loan from Citigroup and JPMorgan for the transaction. Citigroup will reportedly provide 70% of the mortgage.

Added to EQC. Open GTC order got filled.