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NYC real estate developer Larry Silverstein is a multi-billionaire and his story is my favorite real estate story of all time In this clip, he shares how he went from broke leasing broker, unable to scrape together $15k for a deposit, to eventually buying his first building w/ a...

356,398 görüntüleme • 2 yıl önce •via X (Twitter)

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CTNOLA profil fotoğrafı
CTNOLA2 yıl önce

“Lucky Larry”…..Too many 9/11 coincidences

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David Spotts2 yıl önce

The building 7 insurance fraud was top notch

Benjamin Miller profil fotoğrafı
Benjamin Miller2 yıl önce

Here is a longer interview with Silverstein.

Pete profil fotoğrafı
Pete2 yıl önce

Silverstein had Boomer demographics at his back. A huge population working in cubes within steel boxes. Silverstein owned the Twin Towers when it collapsed. The insurance settlement was reportedly $4.5 Billion. Larry is 92 now and the devil is waiting.

Darth Powell profil fotoğrafı
Darth Powell2 yıl önce

And if interest rates rose instead of fell, he's still be broke

Eye in The Sky - Volume Hunters Volume Profile profil fotoğrafı
Eye in The Sky - Volume Hunters Volume Profile2 yıl önce

Yea this guy is a sack of shit, that worships money, and had inside info on 9/11 happening

I Know Pharma profil fotoğrafı
I Know Pharma2 yıl önce

Awesome and inspiring clip - thanks! I’m trying to buy/invest in a laundromat - sounds cheesy but they are like owning a printing pre$$ (I think)

John Sostak profil fotoğrafı
John Sostak2 yıl önce

It broke Lucky Larry’s heart when he told the firefighters to “pull it” on building 7, but he did it to save lives.

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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

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Lululemon founder, Chip Wilson, has a staggering net worth of $10 billion 🤯 In this clip, he shares the company's AMAZING origin story and explains how a disability helped him build the 'athleisure' empire At 32 year old, Wilson was diagnosed w/ a rare type of muscular dystrophy making it difficult for him to walk - this led him to try yoga which helped relieve his back pain While doing yoga, he came up w/ the idea to make stylish and functional yoga apparel for women using a fabric that would "make their butts look good" After selling his skateboarding & snowboarding apparel company for a modest amount, Wilson set his sights on creating yoga apparel targeting young professional women In 1997, after some initial struggles and experimentation, Wilson leased space for his first store in Vancouver Canada He shared the space w/ local yoga instructors at no cost to them on the condition that they help sell Lululemon's products to their students - this strategy would prove to be instrumental in helping Lululemon take off At the end of 2022, Lululemon is one of the most successful apparel companies in the world and the 2nd largest company only behind Nike in its category Wilson himself is widely credited for being the creator of the 'athleisure' trend I highly recommend this clip for any entrepreneur looking for an inspirational story and urge people to watch the full interview w/ Tony Robbins For business and founders stories just like this, make sure to follow Triple Net Investor

Triple Net Investor

299,121 görüntüleme • 2 yıl önce

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 görüntüleme • 3 yıl önce

Gavin Newsom’s $101 million dollar Pacific Palisades low income housing projects EXPOSED The new housing complexes come with ‘covenants,’ after a certain amount of years they are no longer low income and convert to market rate James Li It’s a full blown land grab, “One of the largest industries that donated to him was real estate” “Let me tell you what Gavin Newsom is really up to with this hundred million dollar low income housing project in the Palisades. This ultimately is a real estate play in my opinion, because they want this building to go into nice affluent neighborhoods. Because the value of that building is going to be astronomically higher than versus building it in another area where it's underdeveloped or it's a new neighborhood, or it's more on the outskirts of la and ultimately all these affordable units that they have covenants on them. So in 15, 20, 25 years, depending on the, the exact building, all of those affordable housing units will convert to market rate. So that's why they want it in those areas. It's not because like, oh, we're helping the homeless people out. It's like, oh no, this, this is just like a giveaway to real estate developers, right? One of the largest industries that donated to him was real estate. So like this is just him placating to his donors, making sure that they're needs, quote unquote, are being met. This is a long term real estate play to say, okay, we're going to put this building here because in 25 years this building will be worth like 20x if we versus we put in another neighborhood.” It’s all about kickbacks for Gavin Newsom’s donors You know the new low income housing complexes will covenants because that’s what the other properties in LA and San Diego come with. It’s the Democrat scam

Wall Street Apes

47,016 görüntüleme • 11 ay önce