4.6 • 693 Ratings
🗓️ 19 July 2023
⏱️ 46 minutes
🧾️ Download transcript
With special guests David Aviram and Ted Martell, co-founders of Maverick Real Estate Partners.
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0:00.0 | So this is Current Yield, Grants Interest Rate Observer of the Air. |
0:10.4 | With me as always is the great deputy editor of Grants, Evan Lorenz. |
0:16.4 | And Henry is not here at the control panel today and said we have Harrison Wood Dill, |
0:24.9 | who is ordinarily known for his fabulous executive and administrative work, |
0:26.6 | but Harrison is a sound engineer. |
0:30.7 | So if you can't hear anything, Harrison's email address is, no, I won't. |
0:41.5 | And with us, especially today, a pair of New York City real estate distressed entrepreneurs who do businesses Maverick. Maverick Capital is it, fellas? |
0:48.1 | Maverick Real Estate Partners. Partners, okay. David, Averham, and Ted Martel. So we'll be talking with David and Ted just a moment. Evan, I understand there was a CPI report this morning. What did it say? |
0:53.8 | Oh, prices keep rising, just not quite as fast as they were before. Plus 3% year over year in June. |
0:58.7 | That's good, right? Well, I still think prices are up like 18% over the last three years, |
1:04.1 | so that wasn't quite as good. Yeah, everyone talks about the rate, but very few stop to linger |
1:09.9 | to reflect on the theft of purchasing |
1:12.2 | power that is killing of rather than month to month or year over year. So thank you for that |
1:16.7 | clarification. And Evan, I saw you most characteristically burst into laughter yesterday upon |
1:22.7 | reading a news story. And I would like you to tell the listeners about what you saw. And yeah, |
1:27.3 | go ahead. |
1:28.0 | The Wall Street Journal had probably the single best expose of this week, if not this month. |
1:32.2 | The world's greatest stone thrower, which is Elon Musk. He's challenged Mark Zuckerberg, |
1:36.7 | the CEO of Meta, formerly Facebook, to a cage match, which Elon Musk's mother then called off. |
1:42.0 | Apparently is trying to get... His mother called off? His off his mother told not to and he's a good boy |
1:46.1 | Yeah all appearances to the contrary he apparently was using company funds to build himself a giant glass house in Austin Texas |
1:54.5 | Apparently the glass is quite expensive the architects to and eventually rose to the board and now the board's investigating it for |
... |
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