Gregmal

You think things are fine. Nobody is fleeing. Crime is acceptable. Loads of empty office space while facing an apartment shortage...good to know. Got it. Enjoy it. Definitely rewarding compensation for all the taxes being paid as well...Seriously though, theres this weird thing with New Yorkers where they take the word "demise" like literally as hell and then try to aggressively act like they are bucking some trend as an underdog...strange, but again, NY is clearly losing relevance in the world(yes while still having highest tax receipts..pre emotive strike on another stupid nitpick point) to other more sensible and business friendly places in the country and world. Same with Chicago....if you need "data" to confirm this...god bless you. At least it's "bucking the demise".....cough ignore all the empty office owners and people checking their 400 sq ft apartments regularly for mold or feces in between quadruple dead bolting their doors. It's also a stupid COBF/internet troll tactic to relentless ask people for "data" to derail things, especially in cases where common sense should just take over. It's almost even a government agency type tactic, needing to cite a source or something rather than just carry on. Obviously regardless of what data you are faced with, you will just stick to your predictable side. Just like no matter what occurs with Trump, you always happen to find something negative or critical. Thats the rot I was referring to in the OP. Great roundabout discussion here putting a bow on the original point. Tis all...Cheers.

lol good lord. You can’t find data on the relationship between building and rents? As usual you butt in to nitpick and argue the predictable party line and then try to waste my time asking for answers to things that are either self evident or have already been given to you. Well, cuz we were talking about self inflicted wounds that are fully enabled by partisan brain rot. Like you do realize there’s a reason red state politicians are hoping you guys elect Mandami right? The stupidity in certain places just never seems to stop even when it’s self evident. I also would consider myself a real estate investor and well, yes, there’s overlap in terms of how things work there as well…why spend time discussing things that matter… beats me.

Increasing rents in this instance are because of awful legislation that makes it nearly impossible to build anything. For instance how’s the Penn Station revamp going? Been a decade and still nothing. Well, my original point is the one I made. There’s many very clearly self inflicted wounds there and rather than admit them or take a stand against them, people rather toe the party line and shout “no! Everything is great!”.

Pretty much, but again, he continues to defend this shit so hey, it’s obviously acceptable. They can keep trading the desirable end of the population spectrum(aka the ones fleeing) for the cesspool occupants…it’s all good lol population growth! And yes I know as is common I said people are fleeing without proper annotation that I was talking about high earning populous(desirables) which left the door wide open for partisan hairsplitting, but again, all good. They can grow the camping population all they want!

Yea, the last 12 months or so crime has come down after getting completely out of control due to awful policy. That’s not something to use as your excuse for the awful policy that got you there, but it’s what they did with the border too…oh we tried in 2024 to pass legislation and numbers are getting better!? Well…yea, after you ran on open borders in 2020 and created a mess! And population? Well I guess if you guys are counting all the illegals youre stashing in once great hotels…sure. In terms of economics though driving away your legal, high earning individuals and businesses isn’t ideal either… bit like clockwork, we ll just pick our side and rationalize how it’s actually not bad but in fact ok.

I mean let's get real here...the tribalistic rot is on full display even when it shouldn't be, and that keeps people locked. DC is a crime ridden shithole....Trump attempts to fix that...and they go "nope it's not that bad, martial law!"....NYC is a crime infested shithole with egregious tax policy and people are fleeing.....they go..."no it's not that bad and people aren't leaving".....the border was left open and taken advantage of by criminals until Trump shut it down and they go "nope, it wasn't that bad and its a complicated problem and both parties are at fault"......anywhere else you'd think this is comedy...which is why I simply refuse to believe anything other than the best explanation is that it is all just one big joke the elitists are playing on us.

100%. Life is great, I can’t stand it. Kids just started school. I just started my 11:30 workout at Camp Creek.

The accelerating inflation that never seemed to show up… don’t worry though, next report. Or the next one after the next. EDIT: needed to add the picture for those poor people worried about 94c toilet paper 4 packs and groceries! Theyre always friggin wrong lmfao

This should’ve been obvious to pretty much any non TDS plagued idiot, going on now at minimum 3-4 years. It’s the obvious solution to the fiscal situation, regardless of who’s president. @changegonnacome and I spent good time on this site debating many things inflation in 21-22, but not this, because it seemed so self evident. Introduce Trump though…and I guess folks need to go back to elementary school economics…

Totally. Forget the fact that theyve been eating(literally) 10-15% annual price hikes on their lattes for the last two decades all in the name of supporting corporate greed and some barista union that needs $25 an hour because they chose to takeout $100k+ in student loans to pursue some dumb liberal arts degree.....

See a lot of the issue again is...these same people whom have been falling for everything all the time and are almost always wrong...keep making these predictions. They keep saying prices "will" go up. Theyve been doing it for months now. Where are we seeing these prohibitive increases? Answer right now, nowhere really. No, you guys are wrong about everything so we dont get to put weight on your future forecasts. But to the bizarre example of "toilet paper"...again, theres been no demonstrable increase. And if there was, and it's problematic...not being able to afford an item under $1-2 going up by a nickel or a dime isnt a tariff problem....it's a you problem. I mean if that 94c 4 pack went down 20%...that aint saving those people either. So no, we dont need to be driving the entire country's macro policies on some hinge that involves "saving" the 94c 4 pack of toilet paper is problematic crowd.

The candidates you've consistently supported believe the answer to everything is raising taxes. The same way you take anything Trump does and completely fabricate this notion that anyone whom disagrees with you politically supports it...dont we get the reciprocal logical assumption? Bottom line is, in general, the US macro position many feel is unsustainable and some measures are necessary to alleviate it. In almost all of them, there is some obvious burden. Austerity is a no go. Cutting spending seems damn near impossible. Raising taxes is an option. If you're doing so, theres different ways to go about it. Simply upping brackets gives people no choice. Upping certain product costs that come from outside the country is another, but it gives the consumer a choice. Unless I guess if 94c 4 packs of toilet paper are a problem for you....so again...the logic is pretty simple. I dont need to agree with or support every aspect of it. As I said in April, I kinda think tariffs are dumb, but also dont get why everyone else gets to impose them but then this TDS faction of the country is like "thats fine but not us!"...

So the answer of course is raising everyone tax brackets....got it. Except if WEB brings up tariffs, or other countries...then it's a great idea. The other thing thats funny is how all you "raise the bracket" champions seem so gravely concerned, same even for Mr Buffett whom at times is quite vocal about higher taxes....yet, nothing is preventing you guys from sending additional checks to the Treasury...but you dont.

LOL so where is it? Or are we back to playing the one tenths of one percent monthly fluctuation game? All I pointed out is how nothing burger these predicted item increases are and you for whatever reason declared people couldn't afford 94c 4 packs of toilet paper.....

Totally. It’s devastating. Just raise em brackets lol Maybe you can double up the 94c toilet paper as tissues for your tears and save a few bucks.

Care to name these and then quantify the difference? @cwericb seems think think it’s food and $1.29 rolls of toilet paper…I’m so sorry an extra 10-30c on the head of lettuce is causing your financial issues…any others I’m missing? Tomatos maybe? So we got like $3 a week? Or wait! Maybe you mean big ticket? A car? Again, a choice whether to buy new or used or even have one. Meanwhile you guys if you had your way would just rob us blind raising our tax brackets…

It is hard keeping up with it all. On one side you have that...on the other side tariffs are both "not real" but at the same time "bringing in meaningless amounts of money" but also a "tax on the consumer"... whilst also ignoring that the tax in these cases is a choice versus the kind their preferred politicians would've implemented isnt...and then of course theres those that just cant understand any of it and feel owed an explanation on everything from the highest levels of the land... Just sit back and have a woke beer.....isnt it great? I can't fuckin stand it.

Theres also just this bizarre and contradictory bullet smack dab in the middle of their current situation that really kills the "theyre patient and opportunistic allocators" theme for me. Because patient and opportunistic and then "we're going in heavy on industrial space in Orlando"....doesnt at all work.

Didnt they sell their industrial in 2018 on the basis of harvesting assets and basically calling out a price that was too good to pass up? It seems like over time they have now just decided they dont want to operate like that anymore and are just gonna build, build, build. Like I get theyve generally been decent at development, but frankly in todays market, its not like we need to be swinging for the fences on CRE projects. I dont think its any coincidence since they more or less loudly proclaimed their desire to do this, the once fortress viewed company that would shrug off most market panics has now massively underperformed to the downside. I was joking at the time but at $30 per from their announcement, even super sensitive macro stuff like MGM has been more resilient. And again, if Im wrong so be it, but also like I mentioned at $30 when I sold, if folks feel different I certainly dont see them lining up to buy any shares here. Theyve lost the confidence of their base IMO...which aint great for a company of this profile.

Not really because it's a credibility issue. Nobody whom owned at $55-60(post split 27-32 let's call it) did so believing this was worth $35 or that management would allocate like it was worth $35. Frankly, at $25, I think they'll still be too pigheaded on the development to even bother repurchasing. Especially since they'll committed to such massive projects.

Bottom line is that they’ve clearly exhausted a lot of goodwill with the investor community. What people seemed to like was fairly straight forward and really not too different from what they’d been doing. And now, well, they don’t actually think their stock is cheap, don’t have any interest in returning cash to shareholders, and wanna go on a building binge into a period of economic uncertainty. It’s gone from a fairly unique gem, to a dime a dozen smallcap, imo.

So youre what the left would call, a colonizer....

They went from what I viewed as really savvy, nimble operator whom largely allocated capital were the best returns were, whom mainly did bolt on type projects that complemented the existing base, to now more or less what resembles a private REIT or secondary market fee generator platform thats just looking to grow the headline numbers and size of the asset base.

Dont think so. Reading the FRPH release today I cant help but think what a shame it is, the direction theyve chosen to go.

Old enough to remember the viciousness of the OG politics board that separated the men from the boys. Honestly I loved the old school style where we d rip each others throats out and then in the other threads have the proverbial round of shots at the bar together….