Tue, 19 January 2021
Ramping up the vaccine is rapidly taking place. More and more people are getting it and generating immunity. Most people will suffer the effects and recover acordingly. It’s the high-risk population that are most at risk. Over 25mm Americans have gotten it. We’re going to get through herd immunity by the vaccine and normal immunity. Lockdowns are bad policy. We had one shot at it and it didn’t work. There’s no point re-enacting a failed policy. The economy may never recover. Bad idea to shut it down. The media is overplaying the risk of mutation and the results. Advise the public, don’t scare them. We’re treating healthy people and quarantining the well.
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Tue, 19 January 2021
Famed real estate investor Ken Van Liew joins us for an inquiry into the continued viability of New York City. It’s no secret commercial RE markets are getting clobbered. Retail is being hammered as well. There’s been a complete exodus from the New York State. It’s a work in progress. Properties have been devalued. Rent is $1 billion in arrears. Do you buy Florida swampland or a money pit off of Central Park? Markets outside the Metro area are booming. CT projects, NJ projects, affordable housing and mixed use, Ken is seeing great demand and there’s no inventory. Money is fleeing NYC. Almost every rental market outside urban areas is booming. Less commutation equals more single family rentals. In these times, Ken believes that his real estate investing formula still works better than ever. You just need to concentrate in the markets that are benefitting from the flight out of urban America. |
