The NYC Landlord Who Says The Golden Age Of Being A Landlord Is Over
@tracyalloway and I talked to @SoBendito who explains the political and economic shifts underway, and why he's getting out of being a residential landlord.
@tracyalloway@SoBendito Should be a fun one for everyone. Renters. Investors. NIMBYs. Rent control advocates. All of 'em.
Ben talks about how landlords had it easy for decades and why it's changing now, as the world wakes up to tenants' rights, the need to build more, and other shifting conditions.
@tracyalloway So you can scan these charts and follow along. Or you can watch the full episode on YouTube, where he pulls up the charts as he talks to us.
On this episode, @tracyalloway we speak to the famous industry dealmaker about how SVB failed Banking 101, and whether now is the time to be investing in tech.
@tracyalloway and I spoke to @STOmarova, a professor at Cornell Law, and Biden's first nominee to head the Office of the Comptroller of the Currency, on the case for public to have Fed accounts.
- How diverse the commercial industry is. Some parts are doing just fine (medical) whereas other parts are not (NYC offices).
Here for example are charts of Vornado and SL Green. Two companies with major NYC exposure:
@tracyalloway This is another area -- like many -- where the marks being taken in private do not yet reflect what's being shown in public markets. From the rough transcript:
We had this one line up before ~all this~ happened.
@tracyalloway and I had a fascinating conversation with Nomura strategist Charlie McElligott about the boom in 0DTE options, and their effect on overall market volatility bloomberg.com/news/articles/…
-- Where did they come from?
-- Who is using them?
-- How much of their rise is retail/gamblers etc. vs. institutional portfolio managers
-- The overall volatility regime, and how it differs from the 2010s,