I know people who make seven figures and no longer feel like they can afford to eat out.
Last night the cheapest glass of wine at the restaurant was $45.
@jordanbpeterson
I sat with a very influential man once who fully funded one of the most prestigious real estate schools (within a business school) in the world. Years after finding it and helping it become what it was he said the extensions schools were so much better, his prestigious school
I’ve been interacting over the last few days with DEI supporters on X.
Aside from some of the accusations of bigotry and stupidity, most have been pretty decent to engage with, and I’m learning some stuff from and about them.
The biggest revelation is that they appear to
@TripleNetInvest
The whole market is getting an education on residual value mathematics. Stabilized value - market upside to investor - stabilization/project costs = value.
Sometimes it’s a negative number.
@TheRabbitHole84
@mcuban
He (Cuban) is trying force you into a no win situation. The reframing forces you to solve his ideological problem. When you can’t solve the unsolvable, he “wins”.
This debate is over the racism of DEI. Don’t let him reframe it.
@TripleNetInvest
It’s incredible to me that Oakland‘s office vacancy rate is better than San Francisco’s.
I think there’s a lot of shadow space which is still invisible and coming to market in future waves.
@shawngorham
If you aren’t gonna go with the La Marzocco or something extravagant, this is my pick. It’s about $700. One boiler which isn’t optimal but works perfectly for me every time. Get some organic beans like blue bottle, but even Costco has them, figure out the proper grind for them,
@chamath
It’s so hard not to be a conspiracy theorist these days. Not sure if I’m just cynical but within 30min of reading about the situation all I could think about were the national and special interests who would benefit from this rather than the suffering on the ground.
@TripleNetInvest
We’ve already seen Silicon Valley MF go from roughly a 20GRM to roughly a 10GRM. I’m told you can buy brand new leased product in Oakland and San Jose for 60% of “replacement cost”. Replacement cost in quotes because they are always adding in some land that’s marked up.
@KobeissiLetter
New homes aren’t in good infill locations or on large land parcels. They are generally in planned developments, non-walkable, and overbuilt. In most lower cost expanding markets they aren’t built with high quality products. They are inferior.
@KobeissiLetter
Prices are out of control so I welcome this a bit. Not to the point of collapse or anything like that. But five guys charging $16 for a burger isn’t in the realm of reasonable.
@eyeslasho
I usually really appreciate your posts. I think you’re insightful and bold with your speech. But the situation with Israel and Gaza is just too nuanced to have an opinion this strong, IMO.
@rogerfields120
Boots on the ground (Silicon Valley) perspective:
Tech workers out of a job can’t find one, no one hiring except in select situations. Top notch tech workers getting paid even more.
Construction companies are hanging on for dear life. A buddy just this morning told me some
@KobeissiLetter
SF has 88mil feet of office and NYC has about 464mil feet. So a few mil feet matter but it’s not like a regional bank collapsing.
I really like your posts but please don’t become clickbaity. You are better than that.
@chamath
“The summit is expected to bring in $53mil”. What a joke. How much is the city’s economy losing every day by not cleaning it up and making it safe?!!!
@BrixCity17
@mcuban
@X
You don’t get both. DEI isn’t an expansion of the talent pool it’s preference for a group identity. DEI makes runners wear different weighted vest based on skin color. Meritocracies take the weights off entirely, allow everyone to run freely, and award runners by speed.
The
@KobeissiLetter
This is going to be the norm not the exception for a while. The faster these banks write it all down, the faster we can move on. Some financial institutions don’t want to face the music but need to get over it.
@BenjySarlin
@RonBrownstein
One thing we can agree on is just how totally broken the medical system is in this country. We have the worst of all worlds. Insanely high cost, an administrative state that’s captured by it, fewer choices due to the capture, and care that’s designed to create income streams
@KevinKileyCA
I was one of the people who left. I also came back one e the Covid insanity was over. Not necessarily staying. We should be careful to place blame exactly where it should be. Newsom was a major problem, so were the health officials. Now it’s crime, water, power, and jobs.
@BillAckman
@Harvard
Does Harvard check ID for this vote? I mean, it’d be pretty racist of them if they did. How else could each of my 22 VAs in the Philippines vote with all their aliases.
@constantraise
I work right in downtown Palo Alto where so much of their ecosystem operates and I can attest that the reputations are mixed for sure. However, listening doesn’t make you a fool. These guys have teams of analysts working for them and see more pitch decks than most. They have a
@projectethos5
@reddit_lies
I remember them screaming and terror when my unmasked child rode her bike too close to them in our cul-de-sac.
Wouldn’t want to meet those fearsome predators in a dark alley
@KobeissiLetter
New investment strategy: short woke companies. If they’ll go woke like PayPal did, they’ll make more terrible decisions. It’s only a matter of time.
When you hear Trump fans complain about mail in ballots and election tampering, just remember, France doesn’t allow mail in ballots except in very rare circumstances because of voter fraud concerns. France = very liberal. It’s not about access or equity, it’s about fraud.
@KobeissiLetter
Significant job losses. That’s really what it always takes.
I live in Silicon Valley and based on what I’m hearing, prices may be up 10% in the last couple months. That’s not a hard thing to imagine when you see big tech add market cap the way it has lately. A lot goes to
@TripleNetInvest
Dude, the Restoration Hardware model is unbelievable! Designers bring their clients into these $20 million palaces, hand them a glass of wine, and spend a quarter of a mil in two hours by wandering around.
I’m not saying that’s how it works at your local furniture store, but
@GRomePow
This needs a modification.
The top five in each sex can have whatever they want. If that’s banging 10 or 20 people at a time, or searching for something up greater depth, they can have it.
However, because they can have whatever they want, the opposite sex becomes
@zakhers
@BretWeinstein
Are you unbiased? That seems to be the sin you claim he’s committing. So is bias the problem or bias you don’t share the problem?
@eyeslasho
This survey shows how over estimated intelligence’s impact is. If you are above average in intelligence when choosing from the other categories, it should be the least desirable.
Dallas office trading to Costco at $71/foot. The office problem isn’t just San Francisco.
The 198,374-square-foot office building, known as North Central Plaza I at 12655 N. Central Expressway, is being auctioned off by Hartman SPE, a real estate firm working its way through
The 198,374-square-foot
#office
building, for which
#Costco
is the highest bidder, is being auctioned by Hartman SPE. The company has asked the U.S. Bankruptcy Court for the District of Delaware to approve the $14.25 million sale to Costco.
@TripleNetInvest
So, I’m pretty close to this deal and I can tell you what’s going on here. You can see it in a recent post I made about the market. The audience for this building is VC/PE…the 2&20 crowd. They are flush with cash and operating totally different than the austerity mode of
@heyalexfriedman
This is a great post.
Men tend to chase status. Women tend to chase men who have it.
Men get very little status for being well rounded, walking the middle path, being excellent but not world class multi-dimensionally. But it makes for the best kind of man.
@TripleNetInvest
It looks supportable based on what I’m seeing at ground level. I just don’t understand the GDP numbers and the jobs numbers may be misleading.
@rogerfields120
Boots on the ground (Silicon Valley) perspective:
Tech workers out of a job can’t find one, no one hiring except in select situations. Top notch tech workers getting paid even more.
Construction companies are hanging on for dear life. A buddy just this morning told me some
@TripleNetInvest
It’s really hard to tell, but it looks inappropriate on the surface. If he thoroughly marketed the property and pushed hard to find a buyer, particularly at the lower price, then he may not have done anything wrong, even though it looks like he did. I’ve been in the position at
@robkhenderson
Thomas Sowell makes the point that Chinese and Jews tend to excel within any culture they parachute into. Within a few generations they rise to the top. My theory is that it relates to the ancientness of their deeply educational cultures. My thought is not fully formed.
@BretWeinstein
The media is utterly terrified by the naming of this phenomenon, particularly as they are losing their grip on the majority of minds. People who once bought in to the BS are now seeing the absurdity of the Covid media messaging.