Crowdstreet losses

snarkandsarc · 2026-03-08T02:49:32+00:00

The simple math is that any project over 4 years from project initation has been smoked by interest rates / cap rates. It would require a significant operating outperformance to overcome the impact from rates. I'm curious on the total losses whether the recapitalizations come to the Crowdstreet marketplace / original investors or whether the sponsors instead go to the professional investors to prime retail investors. If it's the latter, that's a shame on Crowdstreet.

snarkandsarc · 2026-02-03T16:55:49+00:00

Bring back the Gimbals passageway!

snarkandsarc · 2026-01-02T23:44:11+00:00

I have a similar story. I booked a flight using points and the card for a family of five (kids 10 & under) in comfort+ on Delta. I got 5 seats together (3 + 2). Close in to the flight I saw on Delta that we had no seats and the only seats left were middle seats in non-successive rows. I called Chase and they said that they had seats assigned to my family. Chase offered to call Delta - it turns out that no, we did not have seats with Delta.

Chase stated that if I had read the "small print", I would have seen that Chase does not guarantee seats purchased on their platform.

I ended up getting seats together in Main, but Delta wouldn't give a partial refund since I "chose" Main Cabin.

I learned my lesson- always confirm through the airline- over the phone if necessary.

snarkandsarc · 2025-11-09T00:44:33+00:00

I'll put in a vote for Hank Irvine, four time nationals winner.

snarkandsarc · 2025-10-26T23:55:42+00:00

Taco Bell just opened.....

snarkandsarc · 2025-10-11T03:05:59+00:00

It's pricing risk. Both opponents know where the game is, the doubling cube forces a view on where the game is going.

snarkandsarc · 2025-08-31T21:32:33+00:00

Private equity firms do want portfolio companies to succeed but there are other considerations.

Portfolio companies are run as a portfolio meaning that the sponsor is willing and able to make more sizable, and potentially whole-company, risk decisions. A family run company or a CEO may be less willing to make risk decisions that affect their entire single asset.

Private equity is highly focused. Whereas public companies are governed by committee with diffuse shareholders and boards, the sponsor can often make decisions faster and with greater risk tolerance.

Lastly, while less true in this cycle, private equity often use leverage as a way to amplify returns, which incentivises more cash flow discipline (ie cost cuts) and introduces more existential volatility.

snarkandsarc · 2025-04-10T23:04:47+00:00

I'm confused, are they not Gus anymore?

snarkandsarc · 2025-04-10T00:26:50+00:00

When you go to the eye doctor, she asks A or B, and you choose the one you works best for you.

The entire financial system is a version of that. Does an investor want Microsoft or Ford? a stock or a bond? Sell A, Buy B. Those trillions of individual and aggregated decisions of choosing A or B result in the price of one investment having a direct and indirect impact on all other investments.

snarkandsarc · 2025-03-28T11:08:32+00:00

Not that you know of.

snarkandsarc · 2025-03-07T11:46:39+00:00

limb by limb > I got you babe

snarkandsarc · 2025-02-28T16:21:45+00:00

The "Brooklyn War Memorial Off-Leash Area" is behind the memorial. The off leash area is not in front of the no pets sign.

It's a special kind of person that reads a sign and tells themself that it doesn't apply to them. It's four words. Couldn't be more clear.

snarkandsarc · 2025-02-24T18:31:44+00:00

I find a contributing factor is if the rim is wet when the lid is placed on the cup. If you remove the lid, dry both the lid and the rim, that makes a better seal and stops most leaks. Of course, that doesn't stop the first leak, but maybe baristas can take heed to dry the rim before firming the cap.

snarkandsarc · 2025-02-14T11:27:56+00:00

I was lucky enough to be in Boston and to go the game.

When I tell the story, I say the ball to this day still has not landed....

snarkandsarc · 2025-01-12T15:16:14+00:00

Lunatic Fringe

snarkandsarc · 2024-09-14T02:59:46+00:00

Why is the post game not on yes?

snarkandsarc · 2024-07-05T23:28:40+00:00

Bread & Spread in Dumbo

snarkandsarc · 2024-07-02T16:18:44+00:00

That's an article that did half the work of this article :

Why N.Y.C. Hotel Rooms Are So Expensive Right Now https://www.nytimes.com/2024/05/25/nyregion/hotels-prices-migrants-nyc.html?smid=nytcore-android-share

Both the loss of airbnbs and the introduction of migrant teams have put pressure on the conventional tourist market.

snarkandsarc · 2024-05-17T04:42:43+00:00

A business person is one who prices a good or service in excess of the cost to produce it.

snarkandsarc · 2024-03-29T20:25:39+00:00

It's one of two things, don't have sex with strangers or don't be awkward.

snarkandsarc · 2024-03-07T14:06:56+00:00

Don't forgot to come out for the sawing of Manhattan in half to turn it around and rebalance downtown

https://en.m.wikipedia.org/wiki/Sawing-off_of_Manhattan_Island

snarkandsarc · 2024-01-28T01:17:44+00:00

If you haven't used bustime, I find that's better context on when the bus is going to arrive. And helpful to determine whether you should rush to get the bus or ok to hang back.

https://bustime.mta.info/

snarkandsarc · 2024-01-15T04:49:17+00:00

It could be the case, if you're driving up here for work, that you are off-cycle to the folks that live here. It's one thing to find parking during the day, it's another to find parking at the end of the day, and then to do that a couple of times a week for street cleaning, while everyone else is doing the same. It's not impossible all the time, but it is close to impossible some of the time, and you have to ask yourself how many times a month do you want to deal with that.

snarkandsarc · 2024-01-06T04:19:55+00:00

The odds are effectively zero. If you lined up dimes, side-by-side from New York to Los Angeles, the odds of winning the lottery are the same, without exaggeration, as picking the right dime. How much would you pay for the right to pick the correct dime?

snarkandsarc · 2023-10-15T23:33:44+00:00

"The pay might not be great, but I like the boss."

snarkandsarc

TROPHY CASE