Three in a row is hard - Episode 171

Investing with GoodLife

Investing with GoodLife Podcast in this episode Rohan and David discussed the following

#Blacklist #BadMonkey #Wolves #Dodgers #TheRentRoll

Economic Reports:

• September jobs report: 254,000 non-farm payroll jobs added, lowering the unemployment rate to 4.1%.
• Inflation concerns arise with CPI up 2.4% year-over-year and PPI at 1.8%, both exceeding expectations.
• Predictions about Fed interest rates are uncertain, with speculation about possible cuts shifting due to mixed economic signals.

Elon Musk's Innovations:

• Discussion on Musk's recent introduction of autonomous vehicles, including a robo-taxi with no steering wheel, which aims to revolutionize personal transportation.
• Rohan and David discussed about the feasibility of a fleet of autonomous vehicles and their implications for the ride-sharing market.

Hurricane Milton:

• Hurricane Milton’s potential impact and damage estimates discussed. The storm's downgrade from Category 5 to 3 still raised concerns about insurance rates, especially in hurricane-prone areas like Florida.

Miami Real Estate:

• Miami's office market remains robust, with a notable sale of a $443 million building, showcasing continued investor interest despite rising insurance costs.

Office Market Trends:

• Colliers report highlights a trend where landlords are building out suites for larger tenants to expedite leasing, moving away from traditional TI allowances.

Notable Auction Sales:

• A Manhattan office building sold for $8.5 million, marking one of the largest losses in NYC history. Discussions include the changing landscape of commercial real estate values.

KKR's Acquisition:

• KKR acquires The Parking Spot, a significant player in airport parking, reflecting the growth potential in this segment of the travel industry.

Affordable Housing Investment:

• Turner Impact Capital raises $750 million for affordable workforce housing, with plans to leverage funds for larger investments. The hosts reflect on the returns and strategies of ESG-focused investments.

This episode combines updates on real estate, economic trends, innovations in transportation, and the impact of natural disasters on markets, providing a comprehensive view of current issues in the industry.

Market Insights

• Discussion on the strong fundamentals of a particular product related to e-commerce growth and demand from retail investors.
• Alignment with larger companies and their strategies, finding comfort in this congruence.

Entertainment Recommendations

• TV Shows/Series:
  • Blacklist: The speaker is watching it for the first time, enjoying the character dynamics and James Spader's witty dialogue.
  • Bad Monkey: A comedy series starring Vince Vaughn, described as funny and entertaining.
• Movies:
  • Wolves (Apple TV): Stars Brad Pitt and George Clooney, involving fixers trying to resolve a murder related to a powerful woman.

Experiences & Observations

• Attended a Dodgers game, noting the inconvenience of needing to stand to see the game properly, especially while trying to eat.
• Highlighted frustrations with two-factor authentication during tax season, suggesting that it complicates the process for tax preparers.

Food and Dining

• No notable food experiences or restaurant visits this week, other than standard stadium food.

Podcasts

• Recommends The Rent Roll by Jay Parsons, aimed at those in the multifamily or real estate sectors, focu