johnnybazooka

4 ms·

1. 1.▲
   by johnnybazooka 12y ago

   What do you mean by product skill?
2. 2.▲
   by johnnybazooka 12y ago

   To add to that, university endowments are also a big component of VCs, in addition to pension funds. I think a couple years ago a judge ordered Berekely to release the fund performance figures for the VCs they had money in, and most of them
3. 3.▲
   by johnnybazooka 12y ago

   "mere $200 million" lol ok
4. 4.▲
   by johnnybazooka 12y ago

   See that's my point... there is only so much land in the middle of NYC that is zoned right for condos, so the competition really won't increase. Also, real estate in general is a very capital intensive industry, which takes out 99
5. 5.▲
   by johnnybazooka 12y ago

   Right, it makes existing infrastructure more affordable. But for new infrastructure, any income generated is priced into the value, making the "profit" from renting it out less substantial.
6. 6.▲
   by johnnybazooka 12y ago

   There is a fundamental problem with your argument. The condos and apartments people rent out on Airbnb are built by developers. So as Airbnb becomes more popular, developers will recognize the ability for tenants to profit from renting out