SL Green Realty Corp.

It'll take a year, two years for those policies to actually hit and destroy all of New York.

It's safe. Yeah. It's safe right now. We'll see on November 4th. You know, as you probably heard, on July 4th was the first time in recorded history that there were no shootings or no murders in New York on that day. So right now, things are in pretty good shape, but we may be leaving New York quickly.

Chamath support ×2 ▼ on 📈 Mamdani's New York drives capital flight and a property crash E233 · 2025-06-28 ▶ 1:00:52

But I would be short New York real estate. I think it's going to crash and burn, and then we'll pick up the pieces and we'll reset.

Jason support ×2 ▼ on 📈 Mamdani's New York drives capital flight and a property crash E233 · 2025-06-28 ▶ 46:40

two thirds of the tax base in New York is paid for by the top 10 percent who are leaving. People will leave. They will see that Austin and Miami are fantastic cities to live in at half the price, a third of the price, and you get a tax break.

NVIDIA, last I checked, is doing pretty damn well, and Jensen is on the record as saying he doesn't give a shit about where you work... And so I guess I'm just skeptical of flat shoulds in this space.

People just said a lot of s**t during the pandemic. Do you remember, it's like, oh, handshakes are going to be over, business travel is going to be over, every company is going to be fully remote... I would say Stripe broadly is in a pretty similar spot where it was beforehand, which is most people go into an office.

Chamath support ×2 ▲ on 📈 Return-to-office wins - remote work retreats outside an elite minority E216 · 2025-02-21 ▶ 28:33

So I think it's important to get the kind of mentoring you get by being in an office. And in the absence of that, I think these young people, like Jamie said, are totally lost.

Friedberg support ×2 ▲ on 📈 Return-to-office wins - remote work retreats outside an elite minority E216 · 2025-02-21 ▶ 23:36

leaders can lead from the front, speak directly and say, this is the way things are going to be. My job is not to coddle my employees.

Sacks support ×2 ▲ on 📈 Return-to-office wins - remote work retreats outside an elite minority E192 · 2024-08-16 ▶ 54:17

It's much more productive because I think innovation happens as a team. You need collaboration and it's way easier to do that when everyone is together in the same place.

Chamath support ×2 ▲ on 📈 Return-to-office wins - remote work retreats outside an elite minority E192 · 2024-08-16 ▶ 52:40

And it turns out the best of our companies, like when I rank my portfolio, the ones that are doing the best are in total different industries. But the single consistent theme is we are all back together in person.

Jason support ×2 ▲ on 📈 Return-to-office wins - remote work retreats outside an elite minority E192 · 2024-08-16 ▶ 50:01

So now that you have this era of being fit and you don't need as many people from AI, I think everybody's coming back to the office unless you are part of the 20% of truly elite workers.

Friedberg support ×2 ▼ on 📈 WeWork's Chapter 11 resets its leases at 60 cents - landlords eat it, the distressed buyer wins E152 · 2023-11-03 ▶ 41:38

the business is just drowning in these lease obligations and to restructure 777 lease obligations in this environment that we're talking about while doing what Chamath is saying, lowering rents to attract employers to show up and actually rent space from them is obviously causing the business model to distort even worse than it has been historically.

Chamath support ×2 ▼ on 📈 WeWork's Chapter 11 resets its leases at 60 cents - landlords eat it, the distressed buyer wins E152 · 2023-11-03 ▶ 45:20

Oh my God, you just convinced me. Let's go buy it.

Sacks support ×3 ▼ on 📈 WeWork's Chapter 11 resets its leases at 60 cents - landlords eat it, the distressed buyer wins E152 · 2023-11-03 ▶ 43:02

There's no question that WeWork has been a capital destruction machine. That being said, I actually think that some private equity player is going to buy this out of bankruptcy and make a fortune.