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E142: "Rich Men North of Richmond" hits #1, upward mobility, real estate capital crunch, Trump RICO
All-In with Chamath, Jason, Sacks & Friedberg
Problems of Multiple Compression in Real Estate
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This chapter explores the challenges faced by multi-family developers due to decreasing property values, leading to the need for more equity or expensive financing options. It also discusses the struggles of middlemen businesses like Stripe and PayPal who have to compete on price and maintain profitability through staff cuts and increased technological efficiency.
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