Repositioning Play @GoodGuyGuaranty Twitter profile

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Repositioning Play

@GoodGuyGuaranty

3 months

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@hagumoodie

Repositioning Play

@GoodGuyGuaranty

2 years

I mean, it’s eight new escalators, Michael. What could it cost, 62.2 million dollars?

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@GoodGuyGuaranty

2 years

Three projects I've walked by recently in Brooklyn with exterior single-stair configurations (the most efficient way to build these small mid-rise buildings). 1) 340 Metropolitan Ave (Architect: Mortar) This is a rendering but it's almost done now and looks really good.

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@GoodGuyGuaranty

2 years

I LOVE THIS WEBSITE

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@GoodGuyGuaranty

3 years

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@GoodGuyGuaranty

11 months

It is endlessly amusing that the city runs a limited equity affordable co-op program for the children of the wealthy. Income restrictions + a big down payment requirement, very smart

Brownstoner

@Brownstoner

11 months

Williamsburg HDFC Co-op With Two Bedrooms, High Ceilings, Wood Floors Asks $350K

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@GoodGuyGuaranty

2 years

Vibe check: In the last 24 hours, I have had three conversations with contractors I've either worked with or am currently working with who really need new jobs or they're going to have to release their labor.

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@GoodGuyGuaranty

2 years

I have renovated many of these. Were I looking to buy a house in NYC to renovate and occupy, my game plan would be as follows: 1) Buy a brick house, not frame. Many reasons, including the potential to expand the envelope while retaining combustible structural members.

Sam Parr

@thesamparr

2 years

I've always wanted to live in one of those cool looking brownstones in NYC. After renting a few for 7 to 30 days at a time, I've decided that they're mostly a pain in the butt! Same issues that any house has...but they're mostly all old! So many problems.

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@GoodGuyGuaranty

2 years

Recent Twitter discourse compels me to remind you: home cooking is regressive, NIMBY-aligned, problematically gendered, and ultimately a means of reifying existing class structures. The revolution will not be prepared in your kitchen; it will be served to you at a restaurant.

Repositioning Play

@GoodGuyGuaranty

3 years

Cooking as a performative act of luxury hobbyist consumption (e.g. preferring gas over induction, paying a premium for red knobs, trying to nail a sous vide recipe) when restaurants exist is a nefarious market inefficiency - especially on a quality adjusted basis.

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Repositioning Play

@GoodGuyGuaranty

1 year

Just got a call from someone who wants to build on a piece of land we own. Me: what do you want to build? Him: apartments Me: you know this is zoned industrial, right? Him: zoning? Me: have you ever done this before? Him: no

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@GoodGuyGuaranty

2 years

Just had dinner and drinks on the LES for the first time in a while. It must be said…if you are in your twenties and are not spending a few years in NYC, you are kidding yourself. Take it from a guy blatantly talking his book - you will regret it forever.

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@GoodGuyGuaranty

2 years

Maybe we are ready for a little recession after all.

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Repositioning Play

@GoodGuyGuaranty

2 years

Friendly reminder for NYC or NYC-adjacent people: the US Open (tennis, not golf) is the best sporting event in the world, and it starts next week. Some offhand thoughts from many years of attendance…

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@GoodGuyGuaranty

2 years

I don't know why New Yorkers are celebrating HQ2's slowdown, like we somehow dodged a bullet. Amazon is completing phase 1 in Arlington (8,000 employees) and delaying phase 2. Meanwhile in LIC, this is what the HQ2 site looks like now. What a win! We sure pwned them!

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@GoodGuyGuaranty

3 years

IMO, we must move past ontological debates over indoor/outdoor dining. That was for 2020. Now, it's essential that every restaurant build the most elaborate, permanent-seeming structures possible so it's harder for the city to roll the program back when the pandemic is over.

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@GoodGuyGuaranty

7 months

Can be branded as ‘the smallest retail store in the country’ - funny 27 sf, $2,222/sf Wonder if there’s a business that works here at anywhere near the asking rent

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@GoodGuyGuaranty

2 months

If you’re curious about what a CBD looks like when obsolete high-rises have been converted to multifamily, you must go to Long Island City. Still very much under construction, but it makes clear that resi density can impose street life through almost brute force. The future, now.

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@GoodGuyGuaranty

1 year

Experienced perhaps the apogee of mass affluence this weekend: the Soho Beach House in Miami. Featuring excess and parsimoniousness in equal measure, the Soho Beach House exemplifies the defining trait of mass affluence: a veneer of exclusivity so thin it’s translucent.

Repositioning Play

@GoodGuyGuaranty

2 years

Developing a theory in the DMs with @rhunterh that the truly elite have no interest in this middle tier of mass affluence, but rather bifurcate their tastes so as to wholly avoid it. High end: Private jet > Amex Lounge Private chef > Michelin-starred meals

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@GoodGuyGuaranty

2 months

Great article about the death of subway station retail that hammers home a key point about urban retail: contemporary analysis of retail performance must be vibes-based. Traditional metrics - foot traffic, area income, etc. - don’t make sense in the era of WFH, DoorDash, Amazon.

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@GoodGuyGuaranty

2 years

@conorsen The food isn't the thing, it's the schlep from an isolated and banal residential subdevelopment to the strip mall and back that's the problem.

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@GoodGuyGuaranty

3 years

How NYC can generate at least a billion dollars/year in revenue: charge $500/year for a permit to own a car, and another $500 to park on the street in your neighborhood. 2m cars * $500 = $1b. Plus however many street licenses - say 500k (?) * $500 = $250m. $1.25b like magic.

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@GoodGuyGuaranty

2 years

It’s very simple: if you’re building a new building on a small lot in Williamsburg, it should look like this. Vintage-ish brick, big leaded windows, maybe some light industrial detailing. This is the only design framework you need here. Don’t get cute, don’t reinvent the wheel.

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@GoodGuyGuaranty

2 years

As a simple real estate person, my frustration with artificial cyclicality is how devastating it is to the trades we work with, which rely heavily on tacit knowledge. Construction workers and architects learn by doing - stopping this process has years-long implications. 1/x

Nathan Tankus

@NathanTankus

2 years

It was extremely intuitive to him that crushing demand to deal with bottlenecks means never expanding capacity through the bottlenecks. And that worsens his problems because when everyone reacts the same way then he also has to worry about securing additional inputs to expand

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@GoodGuyGuaranty

1 month

In a bittersweet (and sort of bitter) farewell piece as restaurant critic for the @nytimes , Pete Wells discusses at length the transactional quality of modern fine dining. The spiritual emptiness. We are ready for the ‘being a regular’ era. Everyone knows it.

Repositioning Play

@GoodGuyGuaranty

2 months

Conceptual trend spotting bulletin: We’re entering a ‘being a regular’ era. Private clubs are an early manifestation of this sublimated desire. But there’s more to come. It will sometimes be annoying - for example, you will soon see Gen Z ‘I’m a regular here’ content on TikTok.

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@GoodGuyGuaranty

3 years

Is there a better drug than capitalism?

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@GoodGuyGuaranty

3 years

NYC municipal construction in a nutshell, LGA edition. A brand-new showcase terminal with an elaborate ‘water show’ that probably cost a zillion dollars, next to sloppily-installed ceiling tiles and visible water damage.

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Repositioning Play

@GoodGuyGuaranty

11 months

I begged a buddy not to do an unpermitted renovation. I told him that in a city with same-day 311 responses to illegal construction, he’d get caught. It wasn’t if but when. He said his neighbors were chill. And…he got caught. Illegal work is no longer a reasonable risk. Why:

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@GoodGuyGuaranty

7 days

Have been going to Fette Sau since they opened in 2007. At the start, they were at the vanguard of a NYC barbecue revival. Lines stretched out the door. Now you can just show up. But it’s still great! You need places like this - relics of what a neighborhood used to be.

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@GoodGuyGuaranty

1 year

I don’t really follow SF’s real estate market but I suspect the opportunities to bet on its resurgence will dwarf those of any other gateway market over the next decade. Going to be some heroes minted in the coming years.

Betty Yu

@bett_yu

1 year

End of an era: Nordstrom at Westfield officially closed at 5 pm after 30+ years on Market Street Back in May, a spokesperson for Westfield mall and its owner said: "The planned closure of Nordstrom underscores the deteriorating situation in downtown San Francisco.” @KPIXtv

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@GoodGuyGuaranty

3 years

In this time, where there seems to be endless shortcuts to wealth, I recommend reading ‘The Smartest Guys In The Room’, probably my favorite business book, covering Enron’s fall. I first read it in less frothy times, but revisiting it now is even more interesting. Thoughts:

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@GoodGuyGuaranty

2 years

I guess this is the life I’ve chosen.

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@GoodGuyGuaranty

3 months

What a lazy introduction by @ingridkwilliams in the NYTimes travel guide to Brooklyn. "Overdeveloped"? What does that mean? There should be less housing? Fewer jobs? Neighborhoods are 'unrecognizable'? Compared to when? Twenty years ago? Thirty? They should be unchanged?

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@GoodGuyGuaranty

2 years

If you’re doing a small project on your own, I think you should be on site all the time. Blows my mind that people treat this like another thing that can be outsourced. My rules of thumb: Demo: 2x/week Framing: 4x/week MEP: 3x/week Sheetrock: 2x/week Finishing: 3x/week

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@GoodGuyGuaranty

2 years

Great hack I just discovered - you can drop into Eleven Madison Park for a drink. No dress code, no reservation needed, cocktails are $25 but for one of the best restaurants in the world that's not crazy. Impress a date then go somewhere else that isn't $335/person for dinner...

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@GoodGuyGuaranty

4 months

This is insane. The price is probably 20% of replacement cost, barely 3x what the last owner spent on capex in the last six years. Mediocre brownstones sell for more than this 31-unit building. The 2019 rent laws were accelerationist…but what we’re accelerating toward is TBD.

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@GoodGuyGuaranty

2 years

3) 585 Union Avenue (Architect: Mortar) The honeycomb is maybe not to everyone's taste but it is unique, I also like the oversized corner balconies

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@GoodGuyGuaranty

7 months

Look, obviously I’d stand here like a clown if it meant a free drink, but is there anything more pathetic than a line outside of an airport lounge? How is there not a ‘skip the line’ premium tier for this, it’s the only mass affluent solution that makes any sense

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@GoodGuyGuaranty

3 years

As @BilldeBlasio 's eight-year mayoral reign comes to a close, I'll share my thoughts on his tenure. To me, BdB's greatest legacy will be his apathy toward the residents of the city who are simply trying to live their lives in peace.

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@GoodGuyGuaranty

3 years

Does anyone know *why* rents are rising so quickly in NYC (and, relatedly, why inventory is SO low)? I mean, I'm seeing it firsthand, but I don't have data that fully explains *why*. People who left in 2020 moving back? WFH opening up the city to marginal white-collar workers?

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@GoodGuyGuaranty

8 months

Last night me and a few friends walked into a sushi spot in the East Village around 9 pm. ‘We closed early tonight,’ the waitress said, waving us away. ‘Too slow. New Yorkers are broke!’ We went to a sushi place a block away, so it worked out. But I’m wary about the vibe.

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@GoodGuyGuaranty

7 months

NYC v. Miami in a nutshell… NYC has its own version of Wynwood, a few square blocks around the Jefferson L train in Bushwick. They looked about the same ten years ago. In 2018, @ReynosoBrooklyn pulled the plug on a frankly modest rezoning of the area for the usual reasons-

Omar Morales | Miami Multifamily

@OmarMora1es

7 months

Wynwood is booming

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Repositioning Play

@GoodGuyGuaranty

3 years

We’re at the point in the housing cycle where barebones houses built on the cheap 20 years ago in Bed-Stuy are being renovated (without permits, of course) and marketed for 4x the 2014 sales price.

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Repositioning Play

@GoodGuyGuaranty

2 months

Conceptual trend spotting bulletin: We’re entering a ‘being a regular’ era. Private clubs are an early manifestation of this sublimated desire. But there’s more to come. It will sometimes be annoying - for example, you will soon see Gen Z ‘I’m a regular here’ content on TikTok.

ℊ

@GRACECHIGOZlE

2 months

Being a regular somewhere is one of life’s most underrated joys

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@GoodGuyGuaranty

3 years

Cooking as a performative act of luxury hobbyist consumption (e.g. preferring gas over induction, paying a premium for red knobs, trying to nail a sous vide recipe) when restaurants exist is a nefarious market inefficiency - especially on a quality adjusted basis.

Steven (Buss) Bacio 🚀

@sbuss

3 years

The only thing -- ONLY THING -- that will get me to abandon a gas stove is a significantly better product. Moralizing about gas being bad isn't going to do it. Only a better experience will.

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@GoodGuyGuaranty

1 year

There’s a good chance that if you call someone ‘buddy’ or ‘chief’ they’ll like you less. In any event, there’s no chance they’ll like you more. Viewed from this perspective, the correct approach seems obvious. But apparently it’s not

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@GoodGuyGuaranty

1 year

150+ years ago: migrants from the Levant arrive in Mexico and bring shawarma, which in time becomes al pastor. Over a century later: Mexicans migrate to Bushwick and open a killer restaurant called Taqueria Al Pastor. Yesterday: ‘Levantine Shawarma’ opens up next door! 🇺🇸

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@GoodGuyGuaranty

11 months

Back when I first moved to Williamsburg, you’d see a tattooed twentysomething in a General Dynamics hoodie and ask which vintage store she found it in. Now you see the same person and it’s like…which missile system do you write software for

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@GoodGuyGuaranty

3 years

Just learned that in China, there is a thriving industry that retrofits elevators onto the sides of older apartment buildings. Condo owners contribute based on how many flights of stairs they’d otherwise have to walk, and elevators are keyed to prevent holdouts from free-riding.

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@GoodGuyGuaranty

3 years

Math: it's a state of mind.

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@GoodGuyGuaranty

3 years

The @GoodGuyGuaranty value-add compendium: A primer for the owner of small multi-family buildings. I'm going to go through some of the decisions I make with regard to building systems, fixtures, and appliances, and explain my rationale for them. Feel free to disagree with me.

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@GoodGuyGuaranty

3 months

Here is the sad truth, from one mass affluent millennial consumer to the rest of you: You shouldn’t go to these places anymore. Barcelona, Lisbon, Venice, etc. Globohomo-captured medium-sized cities whose inhabitants resent you. Sorry. Life’s not fair.

The Guardian

@guardian

3 months

Barcelona to ban apartment rentals to tourists in bid to cut housing costs

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@GoodGuyGuaranty

3 years

Yglesias comparing the car market to the housing market, dismantling NIMBY arguments in the process. Brilliant framing.

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@GoodGuyGuaranty

2 years

Cozy and with loved ones here in NY. For those who usually travel during the holidays, I recommend sticking around one year. Give it a try. The last week of December is my favorite time in the city - curiously empty, languidly paced. For a few days, it’s all yours.

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@GoodGuyGuaranty

1 year

This website is always annoying, but seeing the recent spate of vaccine discourse play out here is getting me about as close to leaving as anything has. I’m realizing the degree to which our society has become low trust…kind of hard to deal with. Sorry 😞 earnest.

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@GoodGuyGuaranty

4 years

You see, in NYC we pay tens of thousands of dollars for sidewalk sheds to protect the pedestrians below. Like this morning at 59th and 3rd. cc @MarketUrbanism

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@GoodGuyGuaranty

7 months

How could it possibly cost $6.7m to renovate a dog park? It’s a frustrating pattern: NYC elected officials make promises that assume a level of state capacity we don’t have, and lack the incentives to fix the root causes of the rot. So banal capital projects become boondoggles.

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@GoodGuyGuaranty

3 years

Insane that one of the leading mayoral candidates ( @ericadamsfornyc ) has for years just parked on the sidewalk of a public park and allowed his staff to do so as well, and instructed NYPD (his ex-employer) to ignore it. Totally disqualifying. What happened to servant leadership?

placard corruption

@placardabuse

3 years

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@GoodGuyGuaranty

1 year

We can’t let these provincial fearmongers distract us. We must stay focused on stealing their coolest, smartest, and most artistic kids, convincing them their small town sucks, and then ensuring their first experience with MDMA is at a great rave with a world-class sound system.

Aaron Rupar

@atrupar

1 year

Republican Rep. Tom Tiffany: "I hear from people regularly out here in Wisconsin, they're like, I don't know if I want to go to New York City right now because it's not safe."

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@GoodGuyGuaranty

3 years

It's nice to see urban retail being underwritten based on its ability to generate sales, rather than based on absurd comps from a different time. Here's how I think about street retail. 1/n

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@GoodGuyGuaranty

11 months

Fascinated when F&B operators just nail it. The places that seem to do it best tend to commit to the bit, and overspend in ways that would freak most of us out…like a trader’s mentality, doubling down, loss aversion out the window. This is a Carousel tweet. What is Carousel?

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@GoodGuyGuaranty

3 years

The company I admire most: Carhartt. Family-owned, privately-held, and an absolute cultural shape-shifter. Farmers, the politicians who pander to them, rappers, hipsters, construction workers. One of the last big tents left in America.

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@GoodGuyGuaranty

2 years

2) 957 Pacific Street (Architect: Loadingdock5) Sharp building, I first understood the potential of the external single-stair when I walked by this one a few years ago. Didn't know it could be done before then.

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@GoodGuyGuaranty

1 year

I can’t emphasize the freedom of going all-electric. In the last *week* I’ve paid like $2k to disconnect a gas line, the city marshal seized several old gas meters on another project (dramatic, but whatever, don’t need them), the FDNY audited an oil tank removal on a third.

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@GoodGuyGuaranty

3 years

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@GoodGuyGuaranty

3 years

Terrifying and genuinely third world shit. For context, 311 asks for a phone number to send case updates. I didn't realize that info was passed along to responding officers. Without a doubt this will discourage me from putting in reports. @NYC_DOI should make this a top priority.

Julianne Cuba

@Julcuba

3 years

After this story ran, the tipster received this text from a 631 number

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@GoodGuyGuaranty

1 year

You can make fun of NY all you want. I won’t be offended. But I don’t believe in reincarnation, so I’m pretty sure that now is my only shot at living a short walk from this fontal/smoked ham/salsa verde/pea shoots/dandelion greens pizza. I’ve opted to prioritize that.

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@GoodGuyGuaranty

2 years

This is what a progressive self-own looks like. Instituting strict vacancy control on half of the city’s units in 2019 was obviously going to lead to key money transactions (which is what this is). It’s either that, lotteries, or waiting lists. (Or building more housing, lol.)

NY Working Families Party

@NYWFP

2 years

This is what a housing crisis looks like.

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@GoodGuyGuaranty

1 year

Incredible discovery: outdoor dining has *already* been figured out, it was under our noses the whole time. You simply convert a shipping container! They’re durable, provide more safety against vehicles, and can be easily moved on a trailer and then stacked for winter storage.

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@GoodGuyGuaranty

2 years

@missmayn The sooner we all admit the obvious fact that scarcity and prestige are value-additive irrespective of objective performance, the sooner we can stop indignantly feigning confusion as to the actual reason for the price difference.

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@GoodGuyGuaranty

2 months

NYC real estate people are like bemused time travelers whenever discussion of national rent control hits the airwaves. We have seen this story before. Here is a collection of some of my threads through the years covering my (evolving) thoughts on rent control.

*Walter Bloomberg

@DeItaone

2 months

BIDEN WILL ANNOUNCE PLAN TO CAP RENTS AT 5% NATIONWIDE, SOURCES SAY

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@GoodGuyGuaranty

10 months

Revel is ending moped share in NYC. This is a real loss. I am sure it was a wildly unprofitable venture, with epic opex and natural ceilings on rate relative to car-sharing, but it was pure consumer surplus for a while. You just don’t see that as much anymore. Thanks, Jerome.

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@GoodGuyGuaranty

3 years

Logical end state to the idea that new housing always has amenity effects that increase rents: Harlem council member @kristin4harlem would rather see a new development with 49 market-rate units and no affordable ones, than one with 250 affordable units and ~650 market rate ones.

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@GoodGuyGuaranty

4 months

The modern grill pill is a couple of hours at the climbing gym, maybe buying some succulents at a cute plant shop, dinner at a hot new restaurant, light drugs, and then a fun night dancing at a Bushwick nightclub. Hard to get mad at DEI or whatever with a schedule like that.

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@GoodGuyGuaranty

4 years

Walked around Bushwick yesterday at 5 pm and asked three restaurants on Troutman Street if I could dine indoors. Responses: fully booked, fully booked, two hour wait for a party of two. Anecdotes are not data, but I am more or less sure that F&B will ROAR the moment we let it.

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@GoodGuyGuaranty

3 years

How tight is this rental market? This week, a prospective tenant looked up my contact info on a DOB job filing and emailed me to ask if he could rent a unit in the building when construction was complete. Not a broker - a bona fide apartment seeker.

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@GoodGuyGuaranty

4 years

@jessicaramos I have a nice fridge you can have, for free. Its in Williamsburg, if someone can pick up, DM me and I’ll coordinate.

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@GoodGuyGuaranty

5 months

THE OMAKASIFICATION OF FINE DINING -Prepaid reservation -One hour (!), six courses, $99 -No accommodations -3 seatings/night -An explicit fuck-you to Michelin hegemony on their website As we enter a new era, we’re going to see a lot more of this style.

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@GoodGuyGuaranty

7 months

A conundrum of mass affluence: the declining cultural prominence of the elite tasting menu. This is related to but distinct from Hunter’s keen observation about dining writ large. My theory is that the expense of 3* meals is now a notch higher than mass affluence will tolerate.

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@GoodGuyGuaranty

2 years

Multiple people have now shared this analogy, but they’re just telling on themselves. The idea that for most people cooking is an enriching hobby - rather than a time-consuming necessity - is absurd.

mf broncho

@FernetBroncho

2 years

@GoodGuyGuaranty Why bother learning how to paint when you can just go to a museum?

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@GoodGuyGuaranty

2 years

Developing a theory in the DMs with @rhunterh that the truly elite have no interest in this middle tier of mass affluence, but rather bifurcate their tastes so as to wholly avoid it. High end: Private jet > Amex Lounge Private chef > Michelin-starred meals

doomer

@uncledoomer

2 years

the function of this lifestyle is to give these people a taste of what life is like as an elite so that they will loyally and unquestioningly serve the elite class, but never ascend to their level. its like giving a dog a little treat right from the table

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@GoodGuyGuaranty

3 years

Abolish @nyclandmarks and do it quickly, before they can do any more dumb shit #garageness

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@GoodGuyGuaranty

2 years

This is a first: Went to a restaurant with a QR code menu and had to watch 10 seconds of ads before it displayed. Brave new world. Personally, I don’t mind QR code menus or phone-based ordering systems - I’m not sentimental about paper menus - but I dunno about this

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@GoodGuyGuaranty

2 years

There's no bigger red flag on a real estate listing than the words 'owner-user opportunity', 'perfect for an end user', and so on. It's just code for 'you won't make the numbers work at our asking price, the seller is asking too much money, but we took the listing anyway'.

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@GoodGuyGuaranty

4 years

Lot of talk about high NYC build costs, less talk about how our highly paid construction corps routinely delivers sub-par craftsmanship. This is all street-level at 100 E 53rd St - 3 yrs old, avg condo price is like $3,000/sf. When you start looking, you notice this everywhere.

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@GoodGuyGuaranty

3 years

Mobile weed dispensary parked directly in front of the Bedford L stop - decadence levels approaching infinity and I’m absolutely here for it. ‘Must be 21 to enter’…sure, why not

15

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138

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@GoodGuyGuaranty

1 year

Remember when people were getting into bidding wars for little houses in the middle of tick-infested forests and being like, ‘I love living in a damp, muddy clearing, nature is so great’? Reminder - my account has always deemed this lifestyle off-putting and unappealing.

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136

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@GoodGuyGuaranty

2 months

“C’mon GGG, it feels like half of your tweets are some ‘long NYC’ bullshit. Isn’t there anything about life in the city you don’t like?” Yes. Line culture. I’d be embarrassed to stand in this line for pizza. (L’Industrie x Meat Hook pop-up, you’ll hear about it on TikTok.)

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@GoodGuyGuaranty

2 years

Money is round. This time it rolled away from you. So stop thinking about it. Instead, ponder your fleeting youth. You tell yourself you have no regrets - but some nights you lie awake and wonder. It’s time for a vibe shift: Move to NYC and rent one of my apartments.

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134

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@GoodGuyGuaranty

7 months

Meanwhile - Wynwood is exploding. They’re building into it. They actually want people to move there, to grow there. Both the right and left have a big attitude problem in NYC. Scarcity mindset, lead paint caucus run amok. (Wynwood - L: 2013, R: 2023)

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@GoodGuyGuaranty

1 year

The least discussed aspect of anti-gentrification discourse is how so much of it is motivated by a deep dread of growing older. An unwillingness to recognize that it’s not just the area that’s changing - but you as well.

Daniel Trubman

@dmtrubman

1 year

Folks, keeping Philadelphia grimy and rundown won't mean you get to stay in your early 20s forever

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@GoodGuyGuaranty

3 years

Number of 3BR units on the market in Williamsburg priced at $3,000/month or less: 10/28/2020: 113 10/28/2021: 2

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137

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@GoodGuyGuaranty

1 month

This is classic lazy NYC lawmaking. It's easy to mandate something, but a thoughtful law would involve working with multiple state and private stakeholders to figure out how to finance it and incentivize energy upgrades, especially in stabilized units with no chance of an ROI.

Lincoln Restler

@LincolnRestler

1 month

Heat is the leading killer from climate change and the single biggest risk factor is not having air conditioning in your home. 750,000 New Yorkers do not have air conditioning. Our bill mandates cooling in every home in NYC.

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9

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137

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@GoodGuyGuaranty

9 months

The end of ZIRP now allows us to look back and construct a fairly coherent canon of ‘ZIRP Thought’. ZIRP Thought was a blend of elite overproduction (or ‘great replacement’) anxiety with the abundant leisure time and lack of concrete KPIs that come from low interest rates.

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134

Repositioning Play

@GoodGuyGuaranty

5 months

This building was on the market forever. Despite the prime location (Bedford Ave b/w n 9th and 10th), buyers balked due to the stabilized units, which have low rents and bad paperwork. Anyway, a guy who wanted to open an illegal weed shop bought the whole building. $2.5m, $446/sf

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136

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@GoodGuyGuaranty

4 months

I like Keith McNally’s Instagram account because he pushes back against this canonical idea (often associated with millennials) that special treatment is a human right. He makes clear that he’ll provide good hospitality to all…but that some people are VIPs. Probably not you.

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137

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@GoodGuyGuaranty

1 year

Has anyone ever used standing seam aluminum cladding on a residential project? I’m considering it on one, but not sure how it’ll hold up/if it requires a higher level of trade expertise. I think it looks great and material take-offs were pretty reasonable.

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@GoodGuyGuaranty

8 months

You: That layoff video is bad and inappropriate, it should have been done this way or that, something about ramps and sales cycle times Me: Hmm. Lots of young people who started 6-fig tech jobs in 2021 are renting my apartments, they’ll easily get comparable new gigs, right?

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133

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@GoodGuyGuaranty

7 months

The C-Town in East Williamsburg now offers seven different patés (including pheasant, truffle, and duck liver) and a couple dozen imported charcuterie selections. The local grocery chains that adapted to the gentrification frontier must be given great credit.

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132

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@GoodGuyGuaranty

3 years

0

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131

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@GoodGuyGuaranty

1 year

I think NYC’s recovery is coming along fine, but there’s still way too much of this shit on crowded trains. It’s NOT reasonable to expect people in a crowded subway car to ask you to move. You should do it unprompted. Before COVID, that courtesy was the norm. We must retvrn.

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@GoodGuyGuaranty

2 years

Who is buying all of these bongs in NYC? There must be thousands of linear feet of retail frontage dedicated to bongs throughout the city. And yet - bongs seem passé, mostly absent from the broader repositioning of cannabis as wellness product.

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Repositioning Play

@GoodGuyGuaranty

4 months

🚨PRIVATE CLUB ALERT🚨 We have yet another one, in the Meatpacking. It's called Chez Margaux (formerly the Spice Market space). Many unique things here - serious RE heavy hitter Michael Cayre is behind it, Jean Georges has lent his imprimatur, and the pricing is very low...

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