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 13 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
Virwani: Adam Neumann is the greatest salesman in the world
“Adam is I would say, The greatest salesman in the world, and that's what I was, you know, telling you as well, where he had it's one of those few people that you meet, I think, like, in the world where you can feel the energy, like, you know, from having a con…”
Virwani: Real Estate Supply Cannot Outpace Demand Due to 7-Year Cycles
“It's not physically possible to even just build, you know, that type of capacity where you would, where supply would outpace the demand. So the time it takes to just put up an apartment or like get the approvals and all that is like, you know, five, seven year…”
Virwani: Indian REITs will see higher appreciation than US REITs
“India will see higher appreciation, I would say, than foreign REITs, or like, you know, the US REITs and things like that, so.”
Virwani: India is Blackstone's most profitable market outside the US
“India has been very, very successful for them. I think it's been their most profitable market outside of the US.”
Virwani: Mercedes builds its complete car interactive system in India
“Mercedes as an example, the entire unit, the entire interactive system in every Mercedes car gets built. You know, out of India.”
Karan Virwani: Indian family businesses will transition to professional public enterprises
“India is sort of where, and you know, my dad also says it's like where America maybe was in the eighties or seventies or eighties, where most companies were family businesses. They will slowly transition into, you know, being public. I think your world also ge…”
Virwani: Single-Asset Fractional Real Estate Carries High Concentration Risk Compared to REITs
“I wouldn't because you're still then limited to one asset versus in a, in an actual REIT. You know, I'm distributed across geographies.”
Virwani: Indian Commercial Office Rentals Stayed Around $1/sq ft for 20 Years
“When you look at it in terms of from a multinational, you know, spend standpoint, India is still pretty much like one dollar rentals. They've been one dollar rentals for the last, you know, 20 years.”
Virwani: Real estate accounts for 30% of all emissions
“See, I think that like, yeah, I mean, 30, 30% of all emissions is really from real estate.”
Virwani: WeWork India operates nearly 8 million square feet across 60 locations
“We operate almost like eight million square foot. We just opened our sixtieth location last week.”
Virwani: Embassy remains WeWork India's largest shareholder with WeWork Global owning 27%
“So, Embassy is still the largest shareholder. We started off owning hundred percent of it, and we've also invested, like, you know, pretty much all of our own capital, until twenty-twenty, where we were Put in some money. You know, they put in about a hundred …”