- The behavior with a lot of commercial real estate loans atm is literally called “extend and pretend”
- Commercial loans are not like residential mortgages and often the loan is based on a minimum rent. If you go below that then you are in default.
- If you have a two letter last name you need a three letter first name to make five. Joe, Bob, Sam, etc.
- UW and Washington University are two totally different, unrelated institutions.
- Tunnels are actually pretty safe in earthquakes, Japan for example is criss crossed with them.
A tunnel is actually the least likely to shake; if you shake a jello with fruit inside it, the surface moves a lot but the interior fruit won’t move all that much.
- Frequent flyer programs are basically banks if you consider miles/points are currency.
- Houston has these, parking requirements, etc. I would argue if anything that mandatory parking requirements have a larger impact than zoning. Parking lots themselves push things farther apart and make not driving unpleasant.
- Houston doesn't have zoning laws, but it does have private deed covenants enforced by the city which effectively work as zoning laws. https://www.houstontx.gov/planning/Neighborhood/deed_restr.h...
- Bundling a real product with a financial institution is a time tested strategy.
Airlines with their credit cards are basically banks that happen to fly planes. Starbucks' mobile app is a bank that happens to sell coffee. Auto companies have long had financing arms; if anything, providing insurance on top of a lease is the natural extension of that.
- At least in the current market there is a lot less leeway for this
- TSLA has been a meme stock disconnected from fundamentals for a while and literally the only reason is Elon. If Elon wasn't CEO and there was just a normal person then they'd probably be priced a lot closer to the P/E ratio of a regular automaker (~5 instead of 288)
- Isn’t Valve having a go at making Linux more consumer friendly?
- At least from what I can see, COVID and the changes in attitudes towards medical professionals are driving a lot of burnout and leaving the profession; and since then economic pressures are squeezing private practices out of existence and a lot of specialists end up working for private equity now.
- specialists in two weeks is definitely not the norm everywhere in the US. it's certainly not in Seattle.
- That's not really permanent displacement though. A refugee crisis due to water scarcity looks a lot different than going home for a known major holiday for a set amount of time.
- it would be one of the largest sudden migrations of people in history.
to put this in perspective, 13M people fled during the Syrian Civil War. 5.7M people fled Ukraine. The evacuation of New Orleans for Hurricane Katrina was 1.2M people.
- I don't think that point to point is necessarily dead or even really correlated to all the airlines' declines. Rather, the entire category of US low cost carrier and ultra-low cost carrier is suffering, and that just happens to be all the point to point airlines. But this is happening even to the more hub-focused LCCs, like JetBlue (which is busy trying to upgrade into a traditional class-based carrier).
Now that every single legacy airline has a "basic economy", which is often competitive with the LCCs in pricing, there is no moat for the LCCs anymore. Legacy basic economy can be more attractive simply because of mileage programs and better frequencies (even if there is a connection); and legacy airlines have more wiggle room to lower prices in basic economy by raising prices in their premium classes.
It also does not help that the 737MAX fiasco hit some LCCs like Southwest particularly hard due to the practice of going all in on an aircraft type.
- It is worth noting that Nav Canada also has controller shortages. Privatization is not really correlated with with better outcomes for ATC.
https://globalnews.ca/news/11354998/air-traffic-controller-s...
- That's what we have today.
In the US system, any revenue collection needs to be authorized by Congress. In fact, it is one of the arguments currently being argued in front of the Supreme Court about the tariffs.
* own a mixed use building, so an empty ground floor retail space can be offset by multiple floors of apartments
also, if the rise in equity outpaces the losses in rents it can still be net positive