Slashdot Mirror

MCM is best buddies with Paul Manafort.
https://therealdeal.com/2017/08/31/meet-paul-manaforts-real-estate-fixer/

Also, AvE has detailed the hive mind verdict: The smoking gun.

- in fact, the estimate you cite is absurd;

We've been tracking at the very highest end of that projection for the last few decades. Perhaps reality is also absurd.

you couldn't out-crawl even if your crutches floated away?

How fast do buildings run? The real question is "What is the cost of adapting to projected sea level rise?", or worse, as you are suggesting, "what is the cost of abandoning the beach front properties?"

As a realtor, I will comment on the following situation from multiple perspectives :

San Francisco; multiple issues, biggest issue ( which is common ) is the self-interest of homeowners who's values have increased 200% to 400% in the last 7 years, and or rental incomes have doubled or tripled in the same timeframe, don't want any new supply to hit the market. Because it stalls the income increases ( source : https://www.rentjungle.com/ave... ) look at the stalling 2 bedroom rental market.
Now rent control in that market ( SF ) provides lifestyle and culture living, so you might still enjoy the look and feel, but what happens when a property is removed from that market, poof, those parties are forced to move to real cost. and that's painful for them.

New York: Rent control has worked rather well to help a large percentage of people stay within the commute of the "city", what Airbnb has done is created a very small problem which is a huge concern for the landlord. Rent control apartments can not be subleased in any which way or form, if the tenant chooses to sub-lease and get's caught, is a slap on the wrist, the landlord get's a huge heavy fines ( this one is fine related to a regular rental cite : http://therealdeal.com/2016/01... )

Miami Florida : Well this is my market, let me explain a few interesting things. Condo's here have very interesting rules about renting. Some won't let you rent, some have policies about minimum stay ( 1 year, 6 months, 30 days, 7 days, 1 day ). it's all written within your condo documentation which you sign off that you have read. All leases that are realtor made, show, no sub-leasing unless authorized by the owner. Rent control almost does not exist near the beach, we have senior housing ( IE: over 55 places ) that are discounted to the market, so the character of community sticks. The problems we have with Airbnb are the rule breakers, You pay for a lifestyle type building ( 1 year, 6 months, 30 days, 7 days, 1 day ) you expect it IE: transient buildings are noisy but fun, 6 month or longer are quiet. I live 19-minute walk to the beach and it's quiet, Airbnb ended up with a few listing here and it became " who the fuck are you in my assigned parking spot " with people yelling and screaming. couple of emails to the staff of Airbnb stopped all our problems, they were helpful, and we have a few angry owners LOL

I'd really like to see some numbers on how his (Bezos) wealth breaks down, so I'd prefer more than your word on the matter. Beyond that, much of what he owns isn't just land, but is also real estate (homes, apartments, offices, the like) as is shown in the first posted article.

While we're at it, it's interesting to note that much of what has Trump's name on it isn't actually something he owns. He's a big fan of licensing his name and having no other involvement beyond that, which gives the illusion that he owns more than he actually does. This article in particular has some interesting things to note- particularly the latest assessment by Forbes of Trump's net worth. Trump himself states his net worth (depending on the day and his mood) between 8.6 and 10 billion dollars when you include his "brand". The Forbes assessment actually says it should be 3.2 billion, which puts the "brand" component at up to 5.4 or even 6.8 billion dollars- a much larger portion of his wealth than his real estate holdings. Doubly so when in the same article, Trump says his brand is worth 4 billion. So, no, according to Trump himself and the other sources available, most of his wealth does not come from real estate, local businesses or casinos. It comes from his brand and licensing.

I also find the idea of only land and real estate holders having the ability to vote quite disturbing. I'm at a point in my life where I'm able to put time and effort into researching candidates and politics, but I don't have the money necessary to own real estate. I should not be prevented from having a say/having my voice heard just because I lack the funds to own something almost entirely irrelevant to most of the issues I care about. Since people who rent also don't own real estate, we'd lose many votes from the cities which would disenfranchise a great deal of minorities. Such a plan says that anyone poor, young, or not white, doesn't deserve a say in who represents them, even if they vastly outnumber the people who would be left with the vote.

You think the US numbers are garbage, but the Chinese numbers aren't? You seriously think the Chinese don't cook their books? How much contribution to the GDP does an empty Chinese city generate exactly? http://therealdeal.com/2016/02...

Besides that, the Chinese monitor everything. There is NO privacy in China. So what exactly is it you're advocating for if you think the Chinese are doing it better? The poor in China still live in shitholes. By moving to capitalism, they didn't all just magically become rich. There are more poor people in China than there are people in the US... threefold! https://en.wikipedia.org/wiki/...

You are naïve and... you fail.

I'm sure I'm not the first person in the world to have come up with the idea of putting a Dollar Store in an airport

The airport doesn't want you and the rent will break you.

Instead of setting rental prices by square foot, the entities that control airport retail --- which include the Port Authority, the airlines and management firms like Hudson that act on behalf of owners --- set a base rent monthly and then increase it once retailers hit specified sales figures. Sources declined to give those base rents.

One analyst told The Real Deal that a general rule of thumb for airport-retail pricing is to add $10 to the average per-square-foot asking rent of ground-floor retail in a particular city.

High-end airport retailers bring in big bucks for owners

Price controls.

There are a few exceptions, but the majority of airports across the country have instituted pricing regulations. Operators are required to adhere to a fair-pricing policy to ensure that the traveling public, airport and airline employees, as well as visitors to the airport will not encounter prices that are higher than those for similar products and services outside the airport.

Background checks, employee compensation, and related issues.

Hiring employees for an airport RMU or kiosk will take longer than it would for a mall location.

Considerations include: Security badging and TSA background checks. Processing times vary by airport, but it typically takes about two weeks for each employee to be processed.

Compensation rates for airport retail employees are traditionally higher than those of mall employees.

Retailers' operating hours are based on flight activity to best service the traveling public (may be open longer than traditional malls; scheduling flexibility is key for employers and employees)

Airport retailers operate 365 days a year.

Many airports have limited on-site parking facilities for employees, so additional commuting time may be required by employees.

Demographics.

Shopping is at best a secondary consideration for airport visitors.

Airport shoppers may have higher stress levels due to travel anxieties and an unfamiliarity with the airport.

The customer demographic in the airport is more affluent than at malls due to the influx of business and international travelers.

Due to the fast-paced environment of the airport, many shoppers are not in the proper mindset to browse

Product sizes and quantities are major concerns for airport shoppers

Airport shoppers frequently buy gifts for those at home, so the gift market is the primary product category they seek.

Airport Retail 101: Your Top 15 FAQs Answered

I could go on and on like this, but you get the general idea.

Fannie didn't just start the avalanche, it is continuing even now. Fannie guarantees bad loans that fail and we the tax payers then pay the originating banks. Can anyone tell me why this project needs FHA backing, for example? http://therealdeal.com/newyork/articles/long-island-city-l-haus-gets-fha-approval 3.5% down on million plus condos. Come get some.