Best discussion of market yet - Noah's podcast

I seem to remember someone saying a lot of that on here 1 to 2 years ago (especially in regards to the supply pipeline).

Although I wonder why they ignored LIC when there's more new construction going on there than anywhere else.

BTW as far as claims of how generally solid things are because people don't have to sell due to equity, etc take a look at the hit the seller is taking on their stake in the Chrysler Building:
https://www.6sqft.com/chrysler-building-sells-for-a-discounted-150m/

30, I saw that. Do you think Abu Dhabi missed the lease escalation by Cooper Union when they paid $800mm? Curious if you know what made the lease payment skyrocket? To me this is another lesson that lease hold is not to be touched even by sophisticated players.

So 1.2mm sq ft - call it 1mm rentable, $80 per square ft rent, $80mm, and 32mm ground rent. There goes 40 percent of the revenue before you paid taxes. I am guessing significant rent increases (call it 4 percent per year, 10y increase 45 percent) were projected which never materialized but ground rent increase did.

Thanks guys for sharing! Yeah this was a good one I thought.. you beat me to it posting it here

One comment Noah, and please don't take this the wrong way -- you and John sometimes seem to unconsciously slip language into your conversations w brokers that could be perceived as editorializing / asking leading questions. Things like where you say "the market seeeeems to bottoming, right?" or "after this loooooon downturn, things seem to be perking up in December and January, no?" or "what new development buildings are doing great? I've heard the Brooklyn townhouse market is on fire -- let's talk about those hot pockets!" I think I noticed it most with the Jacky Teplitzky one and this Jarrod Randolph video.

In general, I would recommend you and John just letting the brokers share their thoughts on what they're seeing out in the market -- however good or bad. I know it's tough as an interviewer to avoid adding your own views into the conversations, I do it myself and that's why the professionals on TV get paid to be good!

Anyways, I think you and John are doing God's work with these podcasts, and I hope that it's going to translate to increased business for UrbanDigs over the longer run. Keep em coming!

Noah - thank you again for creating this kind of content. Very interesting perspectives.

Great feedback! Don't take it wrong at all :)

Usually I'm trying to think of the next question and listen to the viewer at the same time. Something that seems simple, but is actually quite tricky.

Thanks for the note, will do my best to apply

And thanks teamm! I do enjoy these

Suggestion, prepare a list of questions, make notes as they speak.