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Episode 151: Big City Blues
Manage episode 434237854 series 3256610
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In this episode, David and Rohan discuss the ongoing shakeup in the commercial real estate market. They delve into the specific challenges facing office buildings, the flight of capital from these properties, and the alternative asset classes investors are turning to. David shares news of pension funds struggling with their real estate holdings, while Rohan offers his perspective on why some cities are faring worse than others.
Later, they explore the different approaches cities are taking to revitalize their downtowns. One city is offering grants to developers to convert office buildings, while another is providing cash incentives. David finds this to be an interesting free market solution, while Rohan questions its effectiveness.
The conversation then shifts to real estate woes playing out across the country. David shares the story of a prominent New York City developer facing foreclosure, while Rohan highlights the struggles of luxury hotels like the Four Seasons in San Francisco. They discuss how even seemingly strong assets are not immune to the current market conditions.
To wrap up the episode, David offers a glimpse into the world of high-end Las Vegas restaurants, while Rohan recounts a luxurious golfing experience in Maryland. He also shares his recent foray into the world of CrossFit and his discovery of a new podcast, "The Wealth Elevator," hosted by Lane Kawaka.
Don't miss this informative and entertaining episode!If you have any questions or comments for Rohan and David, please feel free to send us an email at pod@goodlifehp.com. We'd love to hear from you! ***Don't forget to follow GoodLife Housing Partners on Twitter (@GoodLifeHP), Instagram (https://www.instagram.com/goodlifehp/), Youtube (https://www.youtube.com/@GoodLifeHP), Facebook, and LinkedIn!
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Podcast: https://podcasts.apple.com/us/podcast/the-wealth-elevator/id1118795347
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