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Curtis Sliwa, who’s now helping Mamdani win, doesn’t just have a problem with Bill Ackman, he also has an issue with the ultra-Orthodox Jewish community in New York. He claims that ultra-Orthodox Jews study too much Torah, live off subsidies, and “just make babies.” For the record, there are...

142,682 views • 9 months ago •via X (Twitter)

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I don’t think enough people are talking about Local Law 97 in New York City. It’s a carbon tax on the real estate industry in one of its largest markets in the world. This has profound implications for the real estate industry not just in New York City, but across the United States: This sort of regulation is on the docket in a whole bunch of cities. Cities are largely progressive. The real estate industry is concentrated in cities and also cities’ largest source of carbon emissions. So it follows that local regulation by America’s mayors is going to have a gigantic impact on the real estate industry, as cities enact regulations to decarbonize. So for New York City, Local Law 97 goes into effect next year. The good news is, under next year’s emission standards, about 80% of buildings should make the cut. But by 2030, as the emissions standards intensity, only about 25% of buildings would make the cut without any retrofitting. Yes, retrofitting is expensive. And it gets more expensive the older the building is. New York City has a lot of pre-war buildings. But it’s a fact that sustainable buildings are worth more money—it’s true today as much as it will be true in the future when LL97 is in effect. So real estate owners need to spend the money now to retrofit their assets in preparation for Local Law 97, and it’ll pay dividends in the future, because sustainability is good business. Overall I think a regulatory imperative for the real estate industry is a good thing. It’s going to lead to more sustainable buildings and more valuable assets that have more functional longevity to them, preparing the real estate industry for the future. For what it’s worth, there are two other forces converging upon the real estate industry and forcing it to decarbonize: Capital markets: Preferentially deploying capital to sustainable assets Private markets: The biggest tenants have ambitious sustainability pledges, and the real estate industry is a huge part of the supply chain to someone like Walmart or Amazon or Netflix. They don’t want to lease an inefficient building.

Brendan Wallace

24,033 views • 3 years ago

Warren Buffett thoughtfully explains why investing in stocks/equities is better than real estate, during Berkshire's latest annual meeting: "In respect to real estate, it's so much harder than stocks in terms of negotiation of deals, time spent, the involvement of multiple parties in the ownership. Usually when real estate gets in trouble, you find out you're dealing with more than equity holder. But there have been times when large amounts of real estate... I've changed hands at bargain prices, but usually stocks were cheaper, but there were a lot easier to do. Charlie did more real estate. Charlie enjoyed real estate transactions, and he actually did a fair number of them in the last five years of his life. But he was playing a game that was an interesting game to him. But I think if you'd asked him to make a choice when he was 21, he'd either be in stocks exclusively the rest of his life or real estate the rest of his life. He would have chosen stocks in a second. There's just so much more opportunity, at least in the United States. There's so much more opportunity that presents itself in the security market than it does in real estate and in real estate. You're usually dealing with a single owner or a family that owns maybe a large property they've had a long time. Maybe they've borrowed too much money against them. Maybe the population trends are against them. But to them, it's an enormous... When you walk down to the New York Stock Exchange, you can do billions of dollars worth of business totally anonymous, and you can do it in five minutes. And the trades are complete when they're complete. In real estate, when you make a deal, a big deal with a distressed lender, when you sign the deal, then you go into another phase. Then people start negotiating more things and more things. It's a whole different game. And a different type of person, to some extent, enjoys the game. We did a few real estate deals that came our way in 2008 and 2009, but the amount of time that they would take us compared to doing something intelligent and probably better in securities, there was just no comparison. I mean, in a real estate deal, every sentence is important. In stocks, if somebody needs to sell 20,000 shares of Berkshire or something and they call us and the price is right, it's done in five seconds. And it closes all the time."

Triple Net Investor

1,042,548 views • 1 year ago

🗣️"For decades, the most influential and revered Orthodox Jew in New York was Rabbi Menachem Mendel Schneerson, the so-called Lubavitcher Rebbe and hereditary leader of the Chabad movement. Every politician in New York, Jew or Gentile, genuflected to the good Rabbi. Schneerson died in 1992, but Hillary and the rest still pay tribute to him, expressing admiration for his wisdom and his piety. As a matter of fact, throughout his career, Schneerson preached the hatred of all non-Jews, which is inherent in Judaism. Other Orthodox Jews, such as Joseph Lieberman, are reticent about the more invidious aspects of their religion. In fact, they will simply lie to you about it if you question them. But Rabbi Schneerson wasn't reticent at all. He spelled it out for his followers in his lectures and his writings. He taught that non-Jews are subhuman, that they are like cattle created by the Jewish god Yahweh only to serve the Jews. He taught this openly over a period of many years. (.....) Ask yourself what kind of people could be governed by such a strange religion. You'll likely come to the same conclusion both Rabbi Schneerson and I have come to. The Jews and we really are completely different species. The Jews of the New York Times and all of the other Jews covered for Schneerson, of course. No one ever denounced his teaching or called him a hater. Instead, he always was praised as a sort of living saint. And as I said, the Gentile politicians who really know better still genuflect whenever his name is mentioned. And the Jews play right along. What contempt they must have for us. How easy it is to deceive us. And how easy it is to bleed us. But there are a few of us who aren't lemmings. A few of us who can see with our own eyes, and hear with our own ears, and figure things out for ourselves. That will be today when we begin settling the score with those who have been corrupting and bleeding our people for so long." - William Pierce - Why Jews are hated

Αναγεννώμενος Φοίνιξ (Reborn Phoenix)

12,983 views • 27 days ago

The Older Millennial speaks about the Muslim takeover of America He breaks down how it’s very real, very serious, there is a plan in place being executed and it’s happening right now “We have to stop ignoring it” “Here in the United States have to take seriously what is happening in Europe, and more specifically, the United Kingdom. Because Europe has always been a precursor to everything that’s gonna happen in the United States. Like there’s a rare thing that they have an issue that doesn’t eventually make its way across the pond. And the migrant crisis they’re dealing with, that’s coming our way. Now, it’s obviously much more blatant in the United Kingdom, you know, ‘cause they’re a much smaller population. because of their small population, we’re seeing the effects in a very rapid rate. But I mean, make no mistake, the UK, I mean, they’re gonna get out-breeded. I mean, just simple average of numbers. Migrants coming from the Middle East are having double the size of families the people in the UK are. The average migrant Muslim family has 3 kids. The average family in the UK that’s actually British has one and a half. And they’re bringing in millions. Just on a basic mathematical calculation, they’re f**ed. That’s not even talking about the vandalism of the churches, the roving gangs of people doing some awful sht to young girls, the changing of the entire culture of cities. Like we already see it here in the US. There’s this nice little city of Michigan. Well, it used to be a nice little city, but we’re seeing the changes already. We can’t just keep ignoring that this is happening. Look, if you wanna stick your head in the sand, that’s fine. Just do that and shut the fk up. But for everybody else with two functioning eyeballs and a f*ing logic system that actually wants to operate, we know this is coming here. And it’s not like we’re questioning what their intentions are. They’re very clear about what they want to happen, and they’re very clear about the steps they’re taking to make it happen, and we have to stop ignoring it. There is a direct effort to undermine the values of Western society, and if we keep pretending that that’s not a problem, we’re gonna have a real problem on our hands”

Wall Street Apes

56,840 views • 8 months ago