Gregmal Posted March 23, 2022 Share Posted March 23, 2022 Yea I am a big fan of the lack of syringes on the beaches in Bermuda. Very underrated vacation spot Link to comment Share on other sites More sharing options...
rkbabang Posted March 23, 2022 Share Posted March 23, 2022 (edited) 26 minutes ago, Gregmal said: Yea I am a big fan of the lack of syringes on the beaches in Bermuda. Very underrated vacation spot I haven't been there since COVID, but I used to take Norwegian out of Boston (no flying!) every couple of years. I'm pretty sure they do Bermuda from NYC too, at least they used to. Edited March 23, 2022 by rkbabang Link to comment Share on other sites More sharing options...
aws Posted May 6, 2022 Share Posted May 6, 2022 Saw this 'feel good' story in the Times today: https://www.nytimes.com/2022/05/06/realestate/tenants-eviction-port-morris-bronx.html Just imagine the nightmare of being this landlord. You buy a building with negative cash flows, aren't allowed to raise the rents, can't evict anyone, and get bullied into selling the property to a nonprofit for a massive loss after 5 years of hassle. In the end, it will end up in the hands of the tenants for basically free... tenants who couldn't pay the below market rent or even afford to pay to split some appetizers at a tenant meeting. Imagine when there are costly repairs that will be due. Not sure if you can pull up the link, but here are some snippets from the article: Quote Some tenants described the landlord, James Giddings, as polite and a good steward of the building. Also a commercial building owner, Mr. Giddings, 56, said in an email that his expenses outpaced the rents that he could collect. Some tenants did not pay all their rent. He also said he was up against high property taxes and a slow-moving legal system. The current rents could not support the expenses let alone generate any return on the investment Quote In the summer of 2017, a tenant organizer, Anna Burnham, contacted the group. She thought they had a chance to take over the building because the tenant association was organized and Mr. Giddings did not have a deep portfolio of residential properties. “If we get on this guy enough, if we do that, I feel like there’s a threshold where he’s going to want to walk away,” Ms. Burnham said. Quote Other potential buyers also were not interested in a building tied up in litigation, and changes made in 2019 to state rent laws meant that if the building was rent-stabilized, the apartments would almost certainly remain so even if tenants moved out. Quote A new landlord paid $4 million for this building in the Bronx; now tenants could own it for $2.6 million with the help of a nonprofit. Link to comment Share on other sites More sharing options...
Morgan Posted May 7, 2022 Share Posted May 7, 2022 6 hours ago, aws said: Saw this 'feel good' story in the Times today: https://www.nytimes.com/2022/05/06/realestate/tenants-eviction-port-morris-bronx.html Just imagine the nightmare of being this landlord. You buy a building with negative cash flows, aren't allowed to raise the rents, can't evict anyone, and get bullied into selling the property to a nonprofit for a massive loss after 5 years of hassle. In the end, it will end up in the hands of the tenants for basically free... tenants who couldn't pay the below market rent or even afford to pay to split some appetizers at a tenant meeting. Imagine when there are costly repairs that will be due. Not sure if you can pull up the link, but here are some snippets from the article: Those tenants won the lottery getting that building. Keeping it in running condition will be hard if they can't even afford appetizers as @aws said. I'm sure their tune will change when the non-paying residents continue not to pay and the expenses must come from the pockets of the responsible ones. It will be interesting to see a follow up story in a few years. So many people are being priced out of the real estate markets, but really they just don't want to live in cheaper areas. There are huge parts of the US where you can get a decent house for cheap. 25k-250k. So many options, but they want to live the city life for free. Link to comment Share on other sites More sharing options...
fareastwarriors Posted May 16, 2022 Share Posted May 16, 2022 Whoring 20s? lol...what? I'm too old for this craziness https://nypost.com/2022/05/16/is-nyc-living-up-to-its-whoring-20s-reputation-of-wild-sex/ Link to comment Share on other sites More sharing options...
LC Posted May 16, 2022 Share Posted May 16, 2022 May need to do some field research this summer. Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 3, 2022 Share Posted June 3, 2022 NYC is dead! NYC is back! Midtown Manhattan Has a Pulse Again Tourists, office workers and New Yorkers from other neighborhoods are returning to — and enjoying — the heart of the city. Link to comment Share on other sites More sharing options...
Gregmal Posted June 23, 2022 Share Posted June 23, 2022 Not NY, but same trend https://nypost.com/2022/06/23/ken-griffins-citadel-moving-to-miami-from-chicago/ Surprised this didn’t happen sooner. Griffin already owns some of the best real estate in Palm Beach. Like probably close to a billion dollars worth. Link to comment Share on other sites More sharing options...
Gregmal Posted August 13, 2022 Share Posted August 13, 2022 Is it real that NY is allowing marijuana business but ONLY for criminals? Someone told me this and I honestly don’t believe it. It’s almost as if you think of the worst way to implement a solution or something new to solve an existing issue …IE, COVID, taxes, crime, exodus to Florida, homeless, drugs, etc….and they single out the one thing anyone with a brain wouldn’t do, and choose to do that. Link to comment Share on other sites More sharing options...
Morgan Posted August 13, 2022 Share Posted August 13, 2022 (edited) 21 minutes ago, Gregmal said: Is it real that NY is allowing marijuana business but ONLY for criminals? Someone told me this and I honestly don’t believe it. It’s almost as if you think of the worst way to implement a solution or something new to solve an existing issue …IE, COVID, taxes, crime, exodus to Florida, homeless, drugs, etc….and they single out the one thing anyone with a brain wouldn’t do, and choose to do that. What are you referring to? Is there an article you want to share? Edited August 13, 2022 by Morgan Link to comment Share on other sites More sharing options...
John Hjorth Posted August 13, 2022 Share Posted August 13, 2022 19 minutes ago, Gregmal said: Is it real that NY is allowing marijuana business but ONLY for criminals? Someone told me this and I honestly don’t believe it. It’s almost as if you think of the worst way to implement a solution or something new to solve an existing issue …IE, COVID, taxes, crime, exodus to Florida, homeless, drugs, etc….and they single out the one thing anyone with a brain wouldn’t do, and choose to do that. @Gregmal, Thanks for posting. It makes one think. Link to comment Share on other sites More sharing options...
Gregmal Posted August 13, 2022 Share Posted August 13, 2022 12 minutes ago, Morgan said: What are you referring to? Is there an article you want to share? Been at Legoland Resort with the family last couple days and it came up while shooting the shit. But quickly looking into it, seems real. State website https://cannabis.ny.gov/caurd-info What is a Qualifying Business? As explained in the CAURD Frequently Asked Questions, applicants and licensees must be owned and controlled by a justice involved person who owned at least ten percent (10%) of and controlled a qualifying business for two (2) years, unless eligible under the qualifying nonprofit criteria. Like with much else, the liberals continue to rewrite definitions and make up new words and phrases, beat around the bush, etc...but today's "A justice involved individual" is yesterdays criminal. Link to comment Share on other sites More sharing options...
Gregmal Posted August 13, 2022 Share Posted August 13, 2022 I mean I was always under the assumptions that the laws were not only there to protect society, but following them was just as much a matter of lifestyle choice as it was simply being able to follow directions. However there is a new wave of society that does not seem to value the former one bit, and the later at all. Link to comment Share on other sites More sharing options...
crs223 Posted August 13, 2022 Share Posted August 13, 2022 The best thing about the United States is that some can experiment. If this turns out to be a huge success the rest of the states will copy it. It’s like a free option. Sounds moronic. Link to comment Share on other sites More sharing options...
Gregmal Posted August 13, 2022 Share Posted August 13, 2022 I can’t even imagine what the process must be like for an upstanding citizen brazen enough to consider investing capital in a NY cannabis startup. Like What are the options? Hmm let’s try to get a citation for something dumb so we have a record? Or do we take a trip to the 5 boroughs to look for a business partner on a street corner? Link to comment Share on other sites More sharing options...
LC Posted August 14, 2022 Share Posted August 14, 2022 My buddy tried to start a grow op up in New England and it was a total cluster. Dealing with the town, the people, vendors and permitting…his group sold out to operators and did decently on the deal, but the weed industry is hard enough as it is (this ain’t 2015), why make it harder? Link to comment Share on other sites More sharing options...
Guest Posted August 15, 2022 Share Posted August 15, 2022 On 8/13/2022 at 5:46 PM, Gregmal said: "A justice involved individual" is yesterdays criminal. Link to comment Share on other sites More sharing options...
Gregmal Posted September 21, 2022 Share Posted September 21, 2022 https://nypost.com/2022/09/20/record-number-of-new-yorkers-swap-to-florida-licenses/ LOL. Migration has been happening for half a century. Affordability issues along with safety and mask fetishes only making it worse. Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 7, 2022 Share Posted October 7, 2022 ‘Not the Place to Be’: Young Professionals Are Leaving New York Soaring prices for rent, meals and everything else are pushing younger workers to seek out more affordable cities as they question if the grind is worth it. Link to comment Share on other sites More sharing options...
Gregmal Posted October 8, 2022 Share Posted October 8, 2022 https://www.cnbc.com/2022/10/07/rich-young-professionals-fleeing-california-and-new-york.html Link to comment Share on other sites More sharing options...
Dinar Posted October 8, 2022 Share Posted October 8, 2022 For whatever it is worth, I spoke with a friend today. His wife owns a small property portfolio in Hoboken & Jersey city, around 100 apartments (she buys brownstones with his money, restores them and rents them out.) He said that they are fully rented (granted his wife is really good - went through Covid with essentially no vacancies and rent reductions), any apartment that they put on the market gets rented in days, not weeks, and rents are up 20-25% vs pre-pandemic levels. So may be some people are fleeing NYC but ending up in Jersey city. Link to comment Share on other sites More sharing options...
Gregmal Posted October 8, 2022 Share Posted October 8, 2022 Totally, the NY halo benefits NJ immensely. Even the most ardent NYC fanboys I know all acknowledge theres very real structural issues at play, most of which are totally self inflicted but ultimately hard to reverse. Is it so hard to keep people safe? That said, ironically, as much as I get accused of being a NY hater, Ive got a bigger % of my net worth invested in things purely seizing the opportunity to capitalize on the idea that NYC overall relevance will diminish. I dont think it will, at least in many respects. But in others, its already happened. MSG and VRE assets will both live and even continue to thrive IMO. Office may be harder. Some people like trash bag lined streets, I prefer them to be tree lined. Others enjoy the ego boost they get when leaving an ATM lobby knowing the checking account balance on the receipt they purposely drop on the floor will be admired by the 8 homeless people sleeping in there.... To each their own. Link to comment Share on other sites More sharing options...
Gregmal Posted January 12, 2023 Share Posted January 12, 2023 About the only thing going for NYC is hospitality/dining. Now they wanna ban gas stoves lol. These losers deserve to fail. Link to comment Share on other sites More sharing options...
Dinar Posted January 12, 2023 Share Posted January 12, 2023 1 hour ago, Gregmal said: About the only thing going for NYC is hospitality/dining. Now they wanna ban gas stoves lol. These losers deserve to fail. https://nypost.com/2023/01/10/manhattans-population-has-rebounded-in-the-wake-of-covid-19/ NY Post says population keeps growing despite retarded policies. What happens when we get a good mayor and governor? NYC will explode upward Link to comment Share on other sites More sharing options...
Gregmal Posted January 12, 2023 Share Posted January 12, 2023 (edited) Didnt they just have a shot at getting in a new gov? And they voted for the woman who prioritizes banning foie gras and gas stoves.....I just cant believe this is whats happening to such an important part of the country. At least Weisselberg is at Rikers though...keeping him off the streets is a sure sign we have law and order once again. Edited January 12, 2023 by Gregmal Link to comment Share on other sites More sharing options...
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