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Repositioning Play
17K posts
Repositioning Play
@GoodGuyGuaranty
Adding value. CRE, mostly NY, sometimes elsewhere. All gains are unrealized.
New York, NY
Joined June 2020
Gen Z is so desperate for IRL interaction and so unfamiliar with how to achieve it that they have independently theorized the idea of a bar
- I mean, it’s eight new escalators, Michael. What could it cost, 62.2 million dollars?
- This is the most beautiful studio apartment I have ever seen. 275 square feet. Perfect design elements - the floor, the beams, the big windows. The principal organizing factors of the space are modular - an armoire and a chest of drawers placed back-to-back. Very inspiring.
- It is a sad fact - but in a city as big as NYC (over $100B annual budget) and an electoral system that almost mandates bad politicians, the best leaders are uber-wealthy people doing it out of a sense of noblesse oblige. Bloomberg, Tisch. An uncomfortable truth.
- Replying to @devahazIt is a real credit to bars that their virtue can be deductively worked out. Their existence is not a mere accident of history but something closer to natural law
- Very true…one of the more annoying things about the current cultural moment
- This financial autopsy of a dual-income millennial couple in Brooklyn sheds light on where and why I think for-sale developers can make money. 1) $466k combined HH income ($25k/mo take-home, all W-2) 2) Very little savings 3) $1.5m townhome, $250k down payment gifted by parents
- Most big city residents want a Bloomberg-esque mayor - technocratic, rich enough to ignore special interests, capable of attracting a talented bureaucratic corps. Only a few cities can consistently attract them. It’s odd that NY has gone so long without one (and will continue to)Small businesses and homeowners in San Francisco: permitting is about to get easier. Today, we announced reforms and legislation that will make permitting faster, simpler, and more transparent. These ordinances will cut red tape, save time and money, and finally make our
- Here’s how the law will work in practice: Owner: I need to replace 30 stoves. Master Plumber: ‘Have the super do it, send me the paperwork to sign, pay me a couple hundred bucks.’ No one gets how many master plumbers rent their licenses out to non-licensed guys they trust.This has to be a bit, right? I know these Ayn Rand bros think deregulation is the Lord’s Prayer, but ffs safety isn't optional here. Natural gas is volatile and dangerous and therefore only licensed professionals should do the work—that should be abundantly clear.
- 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.
- 'Gentrification' is so conceptually vague that it now extends to an Indian restaurant serving wine.
- At my ‘diner’ (the climbing in gym in Williamsburg), ‘typical Americans’ (low- to mid-level FAANG employees in their mid- to late-20s) were exclusively talking about the tariffs. ‘They just did a reorg at [B2B SaaS company they work for], laid off 15%’ ‘We have a hiring freeze’
- Incorrect. The lasting legacy of Dimes Square will be its post-pandemic walkable urbanism, which showed that thoughtful city planning, street closures, and outdoor dining can brute-force a café society (even if said society produced little art of note).
the most lasting artifact of the whole Dimes Square and adjacent thing will probably be the journalism about it
