Episode 155: What is a Mangosteen?

Investing with GoodLife | Real Estate News, Investing Tips, & Current Events

In this episode today, 4th of July, Rohan and David discussed the following:

1. Holiday Atmosphere: They discussed the upcoming Independence Day holiday, noting the relaxed office environment and people already in vacation mode. (00:30)

2. Political Commentary: There was mention of recent presidential debates, with observations about Joe Biden's performance and the supportive role of his wife. (00:58)

3. Real Estate Market: They discussed specific issues in the real estate sector, focusing on the Hollywood Highland (now Ovation) shopping center facing financial challenges, including low occupancy and debt service coverage issues. (04:09)

4. CMBS and Financial Markets: They delved into Commercial Mortgage-Backed Securities (CMBS) and concerns about the reliability of AAA ratings for bonds backed by office buildings, highlighting recent losses and the need for potential reforms. (06:32)

5. Economic Indicators: The conversation touched on economic indicators such as personal consumption expenditure rates and retail sales, suggesting a potential economic slowdown based on recent data. (22:40)

6. Corporate Developments: They mentioned corporate news, including Walgreens' plans to close stores and cut prices amid economic challenges. (25:07)

Rohan and David also shared some fun and interesting stuffs (30:50)

1. Tv SHOWS and Films:

They discussed the show called "Appalachian Outlaw" which depicts people in West Virginia involved in ginseng harvesting and the conflicts that arise from it. (31:47)

Presumed Innocent: This is mentioned as a series starring Jake Gyllenhaal, possibly a remake of the Harrison Ford movie, which is about legal dramas. (33:38)

John Gotti Movie: This is about John Gotti, where they reflect on how Gotti was perceived as a hero by some despite his criminal activities (30:50)

Food and Restaurants:

4. Mangosteens: There's a discussion about freeze-dried mangosteens found at Sprouts, highlighting their delicious taste. (35:45)

5. Restaurants: A brief mention of Benny's Tacos in Westchester, known for its great tacos and chicken soup. (38:34)

Overall, the conversation touches on real estate, politics, economics, entertainment, cultural observations, and personal tastes in food.