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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
Challenges in Real Estate Development
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The chapter discusses the challenges faced by real estate developers in refinancing their projects, including higher interest rates and lower property values. It explores the options developers have, such as using their own equity or seeking high-interest mezzanine funds. The chapter also highlights the potential distress in various sectors of the real estate industry.
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