Bill Chen on Clipper Realty and the NYC apartment boom
Yet Another Value Podcast
The Financial Crisis Is Not Going to Be Zero, Right?
F r p h was one of those businesses it was just impossible to kill, right? No matter how we broke it down, because they had so many different sources of value. Six months ago, ouni were talking for the pogas. Nobody wanted to hear about the safe assets that we're going to generate nice reterrns. Like all the debt is on recourse. There's cash at the hold co a zerois literally off the cardsUnless management went and did something completely crazy and and lit money on fire, right? Li, gent growth go bankrupt, right? In any sort of real sate failure, and i've seen mlot safe failure, right? It
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