The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 7 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Real estate operators need a secondary market to achieve permanent capital
“One of the things that, you know, operators view as the holy grail is permanent capital, right? If I don't feel like I need to sell this building, why should I, right? And the only way you do that is if you actually create a secondary market, right, where esse…”
Directly buying local real estate exposes retail investors to adverse selection
“And then, of course, you can go and invest directly in real estate and buy a house across the street, but that's adverse selection right there if you ever saw it.”
Commercial real estate outperformed S&P 500 over 30 years with half the volatility
“It's outperformed the S&P 500 for the past 30 years with only half the volatility for instance.”
High manual friction limits commercial real estate funds to institutional capital
“And so what you see is an ecosystem that's slowly but surely backing itself into a corner where it can only afford to invest with the largest institutional investors because if there's so much friction because everything is done manually, I can't afford to eng…”
Traditional commercial real estate investing relies on intuition due to sparse data
“Because data is sparse, right it's really hard to actually analyze the shifts that we're going to see over time between supply and demand imbalances, and so, because of that, everything kind of relies on intuition, ok?”