Ryan & Ana On MIA
Ryan and Ana cover all things Miami development and real estate, the good, the bad the drama.
Ryan & Ana On MIA
Regulating L.A. Housing and Miami's Traffic Dance: The Urban Struggle for Harmony in Home and Transit
Ever pondered the see-saw battle between regulation and reality in the housing market? This episode peels back the layers of recent Los Angeles housing ordinances that are causing quite a stir. By demanding landlords bear the brunt of relocation costs for tenants amidst rent hikes, we're seeing a seismic shift that could have long-term repercussions for housing supply and those small landlords trying to stay afloat. We take a deep dive into the historical precedents that have shaped such policies and the often-overlooked ripple effects that follow, all while examining the disconnect between policy-makers and the economic landscapes they attempt to sculpt.
The conversation then shifts gears to the gridlock on Miami Beach, where traffic has become as much a staple as the sand and surf. The community's battle with congestion is a tale of resistance to infrastructure upgrades, with controversial strategies like shuttering public garages and hiking tolls thrown in the mix. Is this just about managing traffic, or are we witnessing a subtle bid to curate the cohort of beach-goers? We juxtapose this against Seattle's transportation woes, revealing a universal urban dance of control vs. convenience that every city seems to be choreographing in its own unique way.
Wrapping up, we don't just talk shop about urban planning and policy impacts; we get personal, sharing stories of individuals like Stallone and Bezos opting for Miami's allure over their former locales. We end on a note of positivity, eschewing the negativity that often clouds discussions on urban change and focus instead on the transformative power of optimism and choice in post-pandemic living. As we unravel the fabric of urban America's shifting preferences for work and play, this episode promises to be more than just a conversation—it's an invitation to rethink where and how we live our happiest lives.
From everyone to episode number 16 of Ryan and Anna on Miami. Look at that we're vaguely matching in purple prints.
Speaker 2:We always do this. We always sort of match or Unplanned, of course, unplanned it's our, it's a sedentary connection.
Speaker 1:Exactly. We're going to start off today with a story that I think is a great encapsulation of a theme I keep talking about, about how it's early days in this migration towards Miami. When you discuss trends or really anything, you want to drill down to the fundamental drivers of what you see happening around you. What I've been saying forever now it's seemingly for a few years now is that this exodus of this realignment of wealth and money, wealth and talent in America has just begun because politicians are going to keep doubling down on seemingly losing positions with the intent of getting themselves reelected. That through that lens, their actions make sense. We have a great story that came out this week about Los Angeles counting passing an ordinance requiring relocation costs should landlords increase rent past a certain percent I think it's 10% or so. This applies to non-rent control departments.
Speaker 2:Can you elaborate on what that looks like?
Speaker 1:Sure, I'm pulling it up now. Basically the cost is based on, I think, the unit size or, sorry, how many bedrooms it has. If they raise 10% or more or 5% or consumer price index plus 5%, they must pay three times fair market rent for relocation assistance, plus 1,411 in moving costs.
Speaker 2:That's rather intense.
Speaker 1:Yes, correct, in the article I was talking about. This was in the real deal. One of the council people dissented or voiced some objection and said that it paces undue burden upon mom and pop owners landlords. Obviously, the larger you are, the more you can absorb shoplifting, all bureaucracy, all this stuff. And they're saying a place is an undue burden on small landlords. Obviously, this is the case.
Speaker 2:Yes, the problem with it sets up the wrong incentive or what, because I think it will keep some landlords from being bad actors, but it's also going to cause some tenants to be bad actors.
Speaker 1:Oh, absolutely. Also, what it will do long-term on their housing supply is kill it. I was having breakfast with a developer who has done a lot in California and we were talking about this piece of news and he said that well, he said no one's ever going to build there again One of those things. Then it's like it's the socialist playbook. No, it's always the same. Folleticians think they can decree what they think is justice. It is just those evil people cannot raise rents more than whatever number I think is beyond which it is exorbitant. That's the law. Okay, but can you also force people to build more units? You cannot. All of these things have trickle. They have consequences that trickle out. They are ramifications. What happens when no one builds Because your jurisdiction is deemed to be hostile towards owners?
Speaker 2:I saw a tweet I forgot, by one of the real estate Twitter people one of the guys. It said something on the lines up do you want to increase your housing stock? Do you regularly? Exactly right. Every regulation you add decreases your future stock by X amount. I don't remember what the amounts were, but every time you add X, y and Z. And it's funny because there's always these debates on Twitter about things like windowless bedrooms and double stairs required. And it's interesting because a lot of that is back in the day. All of those codes came to be when there were slum lords and there were tenements with unsafe things. But we've evolved Significantly. We've evolved beyond that the pre-war buildings in New York City and all the disasters that got us to that point. But now we're to the point where those regulations that worked in the past are holding us back.
Speaker 1:Yeah, correct, and we have platforms for zealots, actually, where they're just talking their book. They want to get reelected and they're saying those evil landlords, we're on your side. They can no longer increase rent, okay. Well, what happens next time in the future when there's all of a sudden a crunch in housing supply because no one's built? What happens then?
Speaker 2:And I love seeing on Twitter there's this meme of like this they show a picture of something and this thing is illegal to build an X, y and Z place. And I love it because it's like it's a perfectly normal building or part building, but it may have windowless bedrooms or only one set of stairs and you can't build it in 89, which is the country Right exactly 100%.
Speaker 1:I know. And what happens to housing supply? Then it goes down and the price goes up.
Speaker 1:When supply goes down, price goes up. There's simple economics at play here that you can't just decree to not exist, as many socialist policies try to do. They're like God damn it, we're going to control the currency and we're going to control this, we're going to control that. And what happens? Bread lines. This is how the Ukraine starved. Go back in history. The Ukraine fed the world at one point, and then they actually starved because Stalin's decrease in food supply.
Speaker 2:Yeah, it looks simple sometimes and I think there's a balance. You need to make things safe, need to have regulations, but at the same time, it's like you have to look at it every so often, every five, 10 years to see is that regulation still serving?
Speaker 1:Correct. So I think the main issue with that, the lowest common denominator in all of this supposed good intent and checking in all those things, is the fact that these decisions are being made by career bureaucrats.
Speaker 2:Career bureaucrats are in most cases lifetime welfare recipients.
Speaker 1:They act with indemnity. Nothing ever happens to them. They're on the government dole.
Speaker 2:They've never been a real world situation where there are consequences for their productivity, for their actions. Any of that.
Speaker 1:They're not business people, they're talking heads in most cases, who are good at getting reelected and taking government checks.
Speaker 2:And so these are the people whose decisions are affecting business.
Speaker 1:That's why it gets super crazy and why these do-loops happen.
Speaker 2:And also you also have.
Speaker 1:Not only that, you have the career politician, you have the-. Older generations, the boomers and some of the exes, who are the ones who are global and the one who own most of the real, and they have time to go to the meetings to write the letters to you know the people, the millennials and Gen Z and Gen Off-Living, beyond that, they're working. We should be involved citizens, but they don't have time to do it correct. So you get the boomers and the ex going to these meetings.
Speaker 2:I mean I never really was trying to be involved in all the politics.
Speaker 1:I moved here and only for this sort of stuff, for the housing and Infrastructure and that but when you look, at these meetings, if you see the stream of them it's all great.
Speaker 2:It's exactly right. I used to go to local. I need for the meetings, and I first came to South Beach 11 years ago, just to see them, and it was that, and I was, I was honestly shocked by how out of touch they were.
Speaker 1:what my experience was for getting one over the meat, yeah it was shocking.
Speaker 2:I thought they were describing a completely different reality from what I experienced every day.
Speaker 1:Yeah, speaking of speaking of gray hair and boomers.
Speaker 2:The news that came out yesterday Is that the city of Miley Beach Commission, the beach, voted in on it to reject or To reject the Metro mover extension or the bailink to my beach and this is probably why I think one of the hottest topics Currently because they've been trying to build transport to the beach, since, like Reagan, mm-hmm, more or less and we need it and we get desperately and it's, and because you know my beaches, population has exploded.
Speaker 1:Do you have any thought that?
Speaker 2:any how much it's changed in the past like and 20 years.
Speaker 1:Oh, it's flat oh it's flat. Yeah, funny thing and there are various theories on this that Miami Beach doesn't really build residential. It doesn't really build much of anything. Yeah, and there are all sorts of theories on that I've had, and how work is? It's essentially opting out of the region's growth.
Speaker 2:Well, let me rephrase that question there's there's a lot more people transit. Yes, yes, yes over the past 10 20 years For sure that has gone sky high Correct.
Speaker 1:It took me over an hour to get here, starting before 3 pm.
Speaker 2:Well, I know there was an accident there was. There was a plane crash. I think that's the thing is that.
Speaker 1:You know it's kind of hilarious because these people mainly south of each. South of it they complain about this. But then they can play out sitting in traffic and the boat show or ultra or art week for an hour.
Speaker 2:Like you can't, you can't have it both ways no and the the beach is physically bottlenecked. You can't.
Speaker 1:You can only build so much to get there.
Speaker 2:You only build so many roads like it's limited yeah, bottlenecked yeah, and then they complain.
Speaker 1:Oh, it takes me an hour to go to the mainland or to go to the Design District or whatever, and I'm like that's what y'all?
Speaker 2:get.
Speaker 1:It's not getting better, no, it's getting worse. It's getting worse all the time. Yeah so it just, it, just, it just boggled my brain and I really hope so. They can protest all they want, but they really aren't in charge much they think they are.
Speaker 2:They can do lawsuits or whatever, but really the county is in charge of building any potential thing to the To the beach right.
Speaker 1:So the money for the project, I think it's not dependent upon Miami Beach. Yeah, yeah, they can. They can complain all they want, but wait.
Speaker 2:But it just, it's the the back and forth. It's just why it's like they complain about this and they think that you, there's, no, there's no having your cake and eating it too.
Speaker 1:I mean they want to preserve the moat, like thing. You know we had this conversation in our last podcast about how you know most nimbies are racist in class.
Speaker 2:Yeah, also. Well, we're ranting. Yes, and this year they're serious people.
Speaker 1:Not serious, they're really mean it this year, boys and girls, no. So what they're?
Speaker 2:doing is they are doing? They're actually closing the public. I saw that, yes, they were they were going to charge like a hundred dollars flat rate, something right just to close them, and they also jacked up the tone rate like it's an all wow so yeah, I mean Guys and gals, if you're, if you're playing coming to South Beach this year.
Speaker 1:Just don't, and not because I don't think you should. I just think it's not going to be a fun experience for you.
Speaker 2:I like you, come to Miami and Miami Beach, as long as they're respectful because it brings money to our economy. Yeah, I'm fine with that, but Miami Beach is going out of their way to make it an unpleasant experience.
Speaker 1:There are other places. There is there's a golf, there's a cola.
Speaker 2:They tone a beach like my beach is going to be actively hostile to you this year.
Speaker 1:So it's not. So do with that what you will when does this start, this closure of the garages? It's some, it's like, it's like. It's like the high-end that weekends in. March so and also on the time that we can say always block off the car with license plate readers, take down. We could do a total of the car through down to one lane. So it's gonna be a disaster. Anyways, I'm gonna get comfortable in your car.
Speaker 2:And that's another part about it is they they want they can control cars, right, they cannot control transit. You can control who comes on that route page. That's what's really about control. It's not about leaving traffic. It's that they want to control who comes on to the beach, correct?
Speaker 1:That's really it. Yeah, correct, you can close off the causeways, you can do license plate readers, you can do all those things. Yeah once there's a train, they're all there the messes will be there.
Speaker 2:So I want to talk about this for a second because I lived I used to live in Seattle. I lived in a place called Bellevue, and Bellevue is basically like how they start take the cool gables of the Seattle region Very Ritzy, it's a basic, a brand new city, and it was controlled by one, basically one developer. His name was Kemper Freeman and I used to work at the mall. I worked at Microsoft, that that he ran, and he was literally probably the biggest NIMB that I've known in modern times. As far as, like a big city, seattle has traffic problems similar to Miami. They're caught off by water and very mountainous areas, so it's like they have limited ways to build roads. In Seattle, they have been trying to build their light rail across Lake Washington. Have you been to Seattle?
Speaker 1:Yes, okay, so I don't know it well, though Lake Washington is a very, very deep lake.
Speaker 2:It's like Over 600 feet deep, so it's hard to build things. The bridges there have to float, mm-hmm, they have plump tunes that they float on. So you can't just build like a regular bridge. It's too deep.
Speaker 2:Anyways, they've been trying to build a light rail there for like 20 years and back when they did it started to talk about in the 90s. Kemper Freeman Literally said he didn't want people who didn't have a car To be able to come to Bellevue. Those, he said, those people, those people who don't have a car, I do not want the coming from Seattle to Bellevue.
Speaker 2:He said it he said it out loud, and so they. But you know what they eventually Got. You know they eventually like, figured it out like that the, the train is running, so, ness, it's beginning to run. Like you can, with enough force, get around those type of people.
Speaker 1:Correct takes time usually. Where's that time and the passage of time, new people coming, things evolving, yeah nothing stays the same forever. No no, we've been saying that for a while.
Speaker 2:It's always, always on my beach too.
Speaker 1:It's like this, like refuge of Nimbis. I couldn't take it anymore. I stopped going to all these meetings. Yeah, I had this one, this one lady. There's this this at school the bikini hostel in West Avenue in South Beach.
Speaker 1:Oh my and the locals, like some of these people that attend these meetings, hate it. They just hate it as a concept, and I used to live down the street from it. I would walk down this road in front of it almost every day to go to Whole Foods. I never I'd I'd like to walk. I'm a walking person and I walk late at night. It's my thing. I never, knock on wood, had a single problem from any person in the, at the bikini hostel, a little beer garden, whatever. Nothing ever happened to me, not even close to it. It was not a thing anyway. So I'm at this, at this get this meeting, and this one lady who was old and not to be mean, but kind of fat and Not what one would typically call attractive now there's something for everyone out there yeah, I'm saying okay, this lady, and she's saying I swear to God, she was saying with a straight face that she can't walk in front of the bikini hostel without getting harassed by the men at the beer Hostel, and I'm like I don't.
Speaker 2:I don't think they're gonna harass you, and those beer goggles are thick.
Speaker 1:I mean, and I was like I was listening to this, I'm like lady, like what?
Speaker 2:I couldn't believe what I was hearing.
Speaker 1:I walk in front of it every day. I'm like, are you kidding me? And I'm thinking, all right, listen, I was about to say no offense, but if some guys get out of his way to harass you, maybe this is your guy.
Speaker 2:Crazy as Miami the city is, I feel like my beach is far more entertaining actually is it kind of like boils it together, this pressure oven.
Speaker 1:Yeah, it's more like compact.
Speaker 2:Yeah, anyways, okay. So, speaking of other things that are happening, I've been sending you a lot of things on instagram about offices.
Speaker 1:Yes, and our two different universes going on here.
Speaker 2:Yeah, and this is not news, but I feel like we're really starting to get to a point with see it, with CRE commercial estate, that things are starting to come to a head. Yep, and I said I sent you one in From california, I think it was la. The guy wants to demolish like a 13 story office tower. I mean it's it's not a not a great office tower, it's probably like one of those 80s tower blocks, but he wants to demolish it and build 30 ev charging stations.
Speaker 1:Yep, that's amazing. There's one in New York that wants to replace itself with tennis courts. Yeah, yeah so that yeah.
Speaker 2:It's like they but. And then, on the other side of that, you know we sent to our Instagram things all time, the leases that are happening in Miami 830 Brickle, 100% least. Well, we after it's a hundred, at least they. They Reserved some space for tenants who want to grow, so marketable space.
Speaker 1:It's fully leased at prices that would have been records, yeah. I thought long ago.
Speaker 2:Yeah, and then there are. There are also a ton of office towers proposed or being built. You have 830 Brickle, you have the one by in Edgewater 36. You have Swire doing their super tall. There's like four or five of them that are actively in process class, class a plus offices. It's fascinating and also in design district they have is Miami is building for new demand.
Speaker 1:Yeah these other cities have to somehow repurpose and scale back away from what was demand. That's a very different thing. That's a hard thing to do, can you?
Speaker 2:elaborate that like explain it.
Speaker 1:Yeah. So basically, all this new stuff that's coming to our city, to Miami, that's being built, is being built upon this recognition of demand. That's why they're building it, yeah, so we're creating you, we're adding more, creating you and building in response to new demand that's emerging in this post COVID, 21st century world, whereas in places that already had so many office buildings built out like Miami did not it's a new city, yeah, so we go to New York City, for example, or other cities like it, they had demand in place and the demand equation changed during COVID. So we're building in response to an uptake in new demand, whereas they have to respond to a downturn in demand and they have to modify, repurpose, destroy, do something, because even if 10% of people change their behavior at scale, that's enormous. Yeah, and they were built for the previous demand. That changed, and it to a negative for them, but to a positive here.
Speaker 2:Okay, interesting. Yeah, speaking of that, there's been a lot of stories, also the news this week about San Francisco being back.
Speaker 1:Yeah, oh my god, the anecdotal Wall Street Journal article with what I had, keith in it. I was about to write again to the Wall Street Journal.
Speaker 2:Okay, listen we, I swear, Miami lives rent-free in these, in these people's minds, because literally it is a story about San Francisco and the like. In the first like 10 words Miami, miami. Yes, and I was just like what and it's anecdotal.
Speaker 1:Yeah they have no hard data. It's anecdotal. Listen, I'm sure somebody moves back like it's not a hundred percent thing. The question is the net. You could always find an example.
Speaker 2:The whole article is anecdotal and it was really, was really used to hit peace on Keith or wall.
Speaker 1:Yes, because they were bitter at him.
Speaker 2:Yeah, I mean, you know, I know he's thrown shades if it's good, as have I, but the whole thing Was really hit piece. Yes, yes, in Miami and yeah, but it was interesting because Good for them on trying to fix their narrative. But the whole but the whole thing is like this whole San Francisco is back is predicated on the current AI boom.
Speaker 1:That's, and the article in fact was talking about that.
Speaker 2:It's like the whole, the whole thing. San Francisco is back is Predicated on this AI boom. Which fabulous. I like AI too.
Speaker 1:But what we don't realize is that the AI boom in San Francisco Is a neighborhood like this big?
Speaker 2:yep, it's heights, something I don't know it's. It's wherever opening I has their headquarters. That is not in downtown San Francisco or the fire or the fire district.
Speaker 1:It's like Way Over there somewhere like no people were saying that in comments. There are people in common saying well, don't you mean that these two areas are doing well, not San Francisco?
Speaker 2:Yeah, yeah yeah, and I was. I was talking, I was sort of ranting about it and what I said is that would be like saying when would is doing fabulous and the rest of greater downtown is in the toilet like that's it. Yes, and in. On that same note, in San Francisco they are doing the same thing. They're selling office towers for blow replacement. They are converting them market. So mark Street, san Francisco and the area of financial district is not doing well. It has not recovered from COVID around open AI headquarters fabulous, great, fine people are moving there. But that's like this much of San Francisco and it just anyways. That gets my it's really amazing.
Speaker 2:It gets my goat.
Speaker 1:It. Miami is living rent free in their heads. It is an identity crisis challenge for them?
Speaker 2:Yeah, to be honest and just the fact that I said this since the beginning, of the fact that Miami got on the stage during COVID is an accomplishment, correct, because we were not on that stage before? No, and did it? Did the city completely changed? Did we get you know Microsoft and Google and all this stuff here overnight? No, but we got on the stage and that to me matters. Yep. So and now we're living rent free in San Francisco. In the Wall Street journals.
Speaker 1:Particle that I commented on Some months ago, where they they misinterpreted the findings of a Brookings Institute study on population changes post, during and post COVID. Yeah, and Miami was one of the few cities that had an uptake immediately after COVID, whereas LA and New York did not, and they all lost Population in Pico of it, except for four of the 50. They tracked where it was. Yeah, and the whole title. The article was Miami loses population for the first time in 30 years and I was like so did New York, los Angeles, but that was not the headline.
Speaker 2:Yeah, you know what I mean. That just goes. That just goes back to what we've always said is like Miami is On people's minds and it's an identity crisis and it wasn't before, so I can deal with that. You know what they say. Every publicity is obviously is composity Absolutely yeah. What beside our my beach is doing, I don't, I can't, I can't, I can't fix that but.
Speaker 1:Miami Beach has geography to save it. The ocean is so beautiful, the beaches are so beautiful, thus, people can be as difficult as they want, and people will still want to be there.
Speaker 2:Exactly that's what's happening there. Yeah, yeah, it's like. It's like they have an irreplaceable resource that you cannot get anywhere else.
Speaker 1:Yeah. So they could be awful, they could be difficult, they can make it impossible to build anything new, and people will still want to be there because of the ocean.
Speaker 2:Yeah, you know I, I would say this you know I love my beach, I go there. I know you live there, but I go there may twice a month, may three times a month, just to go. And you know I walk around South Point and that, but Just, it's like to me it's a little like the Vegas strip. Yeah, because you know you, you go to the Vegas strip and you see it and you see the tours, you see the sides, you've seen it. But it's not somewhere where I would just go to like Relax or like chill or walk around. That permit, meet me personally. It's a wonderful place, but if I knew that I can walk around Downtown, my neighborhood, I can walk around when would like interesting.
Speaker 2:Yeah.
Speaker 1:I have the opposite feeling, really yeah but you, so you don't like downtown nuts. No, not to walk around. I walk around Miami Beach all the time. I take these two-hour walks around the perimeter. Yeah, I stop by Muscle Beach. I do some pull-ups, chat with people.
Speaker 2:I see your, I see your Instagram.
Speaker 1:Beach is a wonderful thing. It is outdoor gym on Ocean Drive, I think around 8th or 9th Street great scenery. Yes, all the boys. The male female ratio is depending on your preferences. Could be to your advantage.
Speaker 2:Yeah, I mean, you know that's. That's why I love going to South Point on like Sundays, even though they're not, they're trying to stop the drums, or whatever that to?
Speaker 1:yes, same people. I think it might have been Billy Corbin, but we don't agree much me and Billy Corbin, but we did agree that.
Speaker 2:I'm not sure we said it and I should just quote enough. But he said Miami Beach loves the party but hates the crowd. Yeah, and you can dive into that. Do the new one so you want. But that that is basically the truth. And you can dive into that. Do the new one so you want. But that that is basically the truth. Yeah, like they want to be like Coral Gables or something.
Speaker 1:But it's not. It's a little crazy thing, and those same people weren't that way 10 years ago. Yeah, that's the other crazy thing they forgot when they were having fun.
Speaker 2:I think I got old and no fun zone. No fun zone. Do you have any projects or anything you've interested in? I know you're working on a bunch of stuff. Are you able to talk about any of it? Not really.
Speaker 1:This is my top secret projects that I've masterminded that are coming to the skyline.
Speaker 2:She called me yesterday and we won't name names, but she's like I redid this entire project by myself and I'm like she sent me a voice note that was like three minutes long.
Speaker 1:The next one, I'm sure was about Jujutsu, but yeah.
Speaker 2:So she's redoing projects in here that you'll hear about.
Speaker 1:They're coming, they're coming soon we shall see? Yeah, I really think, with the Wall Street Journal and the West Coast people, it's an identity crisis. Yeah, I think about this more and more. It's like they're a little bit bitter about it all, wow, and they're imposing laws trying to constrain capital, but capital can leave.
Speaker 2:Oh speaking of leaving you saw who was moving to Florida Rocky, Rocky.
Speaker 1:I know I saw that today. I think that was from some show he has. I don't watch television, I don't watch anything, but I think he has some reality TV show with his family. It's the best, the Sylvester Stallone, and I think they made this announcement two years ago on the show. Yeah, I don't watch that much TV, but I saw that today I was like oh, even Rocky's moving.
Speaker 2:Yeah, my friend Max, who lives in so Rocky, used to live in Florida Back in the day like 90s. He used to live down by Vizcaya. My friend Max lives in that neighborhood and he's like, oh, they want to be doing back into his old house Because that's where Ken Griffin lives. Now too, ken Griffin brought the house from Adrian Arsh Okay, like that, really big, like a state there on the corner.
Speaker 1:Okay, yeah, one of his, like three he bought down here.
Speaker 2:Yes, and then also did you see the tweet that Omar posted about Jeff Bezos being coconut growth?
Speaker 1:No.
Speaker 2:You didn't. What did you do? You went viral. Omar was at a farmer's market.
Speaker 1:Yeah, the picture of him. Yeah, his wife Were. They married?
Speaker 2:yet I don't know.
Speaker 1:But yeah, who knows. But yeah, they were there in a booth. Yeah, he was like, oh, casual Bezos sighting.
Speaker 2:And then I saw him on TMZ. He was at Tropical Chinese.
Speaker 1:Good for him.
Speaker 2:Yeah.
Speaker 1:See someone who could live anywhere chooses to spend his time here, and Rocky, I mean you know people forget that Jeff Bezos is a Miami boy.
Speaker 2:This is true. He was born or raised Cuban stepfather. This is true. So he grew up in like the Westchester, like Kendall area that makes sense. It's like home for him. Anybody brought his Latina with him.
Speaker 1:Help fitting. It's a home full circle. Everyone Good for him, yeah, and now he's like buff Jeff.
Speaker 2:Yeah, you know it's very Miami, but you know, I think that's what happens a lot Like, even when tech growth move here in like six months, they're all like jacked.
Speaker 1:I think so. It's hard not to be.
Speaker 2:I mean, otherwise you get voted off the island Praninsula.
Speaker 1:I'm telling you, we're just missing Elon. That's the whole crazy thing that we're missing here.
Speaker 2:I don't know if we can take that kind of crazy, like we already have enough crazy. I'm not sure.
Speaker 1:Elon Musk Twitter. It's my favorite thing.
Speaker 2:My confession is most of his stuff, most of him and his sphere is muted.
Speaker 1:Oh really.
Speaker 2:Oh yes.
Speaker 1:I can't handle it.
Speaker 2:Why Can't? I will tell this I love triggering, triggering Tesla fanboys because I drive a Kia EV6, which is an off brand EV, oh no, and I like it a lot. Listen, I may, I chose it because it was a personal choice. However, there are certain factors up there are fanboys that cannot comprehend you not choosing a Tesla as an EV and that, to me, makes absolutely no sense.
Speaker 1:But fanboys of any type get religious about their thing. I mean, listen, I'm a fanboy about Miami.
Speaker 2:We are, but I don't know. Okay, I have a rant about this. Okay, so there has been a thing recently about people judging people for where they want to live.
Speaker 1:Where they want to live.
Speaker 2:Where they want to live and where they can live. So, and that's, it's not just Miami, it's not just that, it's the whole world. Okay, because COVID more or less taught people they could live anywhere Right. Right, and there's this whole judgment thing of people oh, it's cheaper to live in.
Speaker 1:I'm going to go live in a positive middle, or whatever I'm going to go live there because I can.
Speaker 2:There's no law as long as you do the visas and stuff, right that says you can't go live somewhere.
Speaker 1:I agree.
Speaker 2:And I don't care what your race is, what you're standing at. If you're able to go live somewhere Legally, you can do it.
Speaker 1:It's your life. It's your life, yes.
Speaker 2:And it makes me so annoyed because and I understand, there are nuances with people coming in with money and made jack-in-the-prices for locals.
Speaker 1:I know, I live in Miami, bitch.
Speaker 2:I know this my rent has gone up Welcome to our reality 60% in the past three or four years. But it's like I just I don't know, it really gets my goat. If you want to live somewhere and it makes you happier and it's a higher quality of life or it's just anything about it makes you happy, go live there. I'm not going to judge you for it.
Speaker 1:This is the same psychology of why Miami's living rent-free. In the minds of the California and a lot of the press, it's the same thing, because the numbers are so real. We have IRS numbers, we have license plate change numbers, not anecdotal stuff like the last article. The numbers are so real that people are moving and it's high-value taxpayers that are moving and they're judging them. This is part of that same dynamic for so many reasons. They're like well, they're not as woke as us, they're not as whatever as us. They're judging the people who are choosing to come to Florida.
Speaker 2:Or anywhere, or anywhere. That's the same psychology. Yeah, the same psychology.
Speaker 1:It's like there must be something wrong with you.
Speaker 2:Or it's like I was here first. You're not allowed to be here.
Speaker 1:But who was there before you? That's the stupidest logic.
Speaker 2:It just and, like I said, I'm a Miami fanboy. I enjoy living here, but I would never judge anyone if they wanted to live in. Cincinnati or Denver or what they can live where they want and whatever makes them happy 100%.
Speaker 1:All we own in this life is our time. That's it. You can't buy more time. It's all we own. It's the quality of our time. No matter how much stuff you had, everyone's going to die. The same way, it's the only to get off their high horse because in 100 years from now, no one's going to care about you or where you lived, or what you wore or what you did. So it's your time, use it.
Speaker 2:It's like I see it all the time. When people make memes or things on Instagram or Twitter about how good a place is, whether that be Denver or Miami or San Francisco People in the comments are like, oh please, stop telling people not to come here or you know, oh please go back to wherever you're from, or that thing. It just it makes me really. It gets me sort of.
Speaker 1:That human aversion to change.
Speaker 2:I guess we're both editorias.
Speaker 1:I know we're like changing.
Speaker 2:We thrive on change. That's like our whole. If we're not changing, then something is wrong. Yeah, it's editorias. My Instagram now is just all sedentary as memes, because whenever I see one, I just want to be a fantastic. And so my entire, like recommendations are all sedentary.
Speaker 1:Our rooms are a day apart, so we basically have the same afflictions.
Speaker 2:Yes, we have the same problems. We have the same. I don't know, I didn't know how to make this podcast. It really, it really, it really. It really shouldn't work. It really shouldn't.
Speaker 1:But somehow it does. But, but anyways, yeah, that's, I don't know.
Speaker 2:I just I think, live, live. What makes you happy. If, for instance, if someone moved here from San Francisco came to Miami, they tried, they didn't like it in Mexico. I'm not going to begrudge them for that.
Speaker 1:No, it's their life, it's their experience, it's their life.
Speaker 2:And don't I mean do your research, see if somewhere that you want to live is is good, and if you're going to like it and talk to people. But you know it, try it out. If it doesn't work, whatever you try and go, go, go back to New York or whatever, whatever the whatever the thing is, go, go be where you're happy. That is why I've been here for almost eight years now and I have never been happier than I have been here in my entire life Me too.
Speaker 1:I love it here too, and I've lived many diverse places. I'm a native. I live in many diverse places. Vegetaries We've lived in lots of places. The only thing I haven't lived in is New York City. I just don't have. I don't want to, but other than that I've done this stuff, and I just I don't see a reason to leave. I'm, I'm the happiest here, but don't take my word for it. Make live somewhere that, if you're able to work remotely and you can live anywhere be like.
Speaker 1:Jeff Bezos and live in the place where you want to Correct Correct, you can live anywhere. And you know what Like in any given location, no matter how beautiful or perfect it is. On the same street you can have one person very happy and one person experiencing a very different reality. Two people can be happy and miserable in the same location at the same time. Because it's a question of how you interpret your reality and your own inner state of being. You are your own constant.
Speaker 1:And so pick where you want to be. That's it when I talk about trend momentum cycles.
Speaker 2:I'm talking about economic cycles. This is trend analysis, right, so we can say on aggregate.
Speaker 1:Where is money flowing? Where is this flowing? Blah, blah, blah, and these things can be objectively true, but within these things you have the human experience, and the human experience is a personal thing. And somebody could find great happiness living in a place that I would not want to live for who cares? It's not my life. And somebody could find great happiness living in a place that is not on the receiving end of great economic growth. And that's okay, because we all can prosper in different types of environments.
Speaker 2:And that's the thing is. It's like not every place is for everyone. It's just not Speaking of miserable.
Speaker 1:I just wanted to bring this up. I might get a candle to yell after this, but anyways, so you do the underline, right?
Speaker 2:Yeah, it's running under the petrol tax, a certain local personality that we mentioned earlier. Someone made a video about bike riding under the underline, and they were happy about it.
Speaker 1:They thought I'd like to ride back to work, whatever, and this local personality was like oh my gosh, you're riding under third world infrastructure in a fourth world government. Fourth world. What does that mean?
Speaker 2:That's his line. I don't know. But what I'm saying is there are a lot of things to complain about in Miami, a lot you can land the corruption, the traffic, hurricanes, I don't know. Whatever the underline is good for the entire city there really is a negative about it. And to me I was just like how can you be that miserable that a park that's good for?
Speaker 1:the entire city, you find a negative in it.
Speaker 2:I just I can't.
Speaker 1:I've been to neighborhood meetings where people have said they don't want benches in parks because homeless people will sit in them.
Speaker 2:Believe it.
Speaker 1:And I'm like what.
Speaker 2:Did I hear a break?
Speaker 1:Yeah, so we don't want homeless people in the park. I don't want benches in the park. Lady, it's amazing to me.
Speaker 2:Yeah, I just I don't know that I don't normally interface with that personality for that reason, but that's what I had to do.
Speaker 1:It's like come on, it's a park, right.
Speaker 2:Like it's good for everyone. So. So, many people like to complain just to feel that they exist.
Speaker 1:They complain, thus they exist. It's how they get attention. It becomes their identity. Yeah.
Speaker 2:So my, my rule is I don't complain about anything that's like can fix it.
Speaker 1:I don't believe in complaining.
Speaker 2:That's my rule.
Speaker 1:I agree. I'm like coming up with things in my head all the time, but, but out loud, but out loud, but out loud, if I can fix it or affect it.
Speaker 2:I'm not going to talk about it, 100%.
Speaker 1:Almost the point. Yeah, you're just perpetuating it.
Speaker 2:Yeah, so it's like you know if, if, if this person is filled away, run for office and try and fix it.
Speaker 1:Fantastic.
Speaker 2:I don't see it happening. No, exactly right. So that is my rule I try not to verbalize things that I don't want.
Speaker 1:That's actually one of my rules, because when you put things into words or write them down, you give them energy, and I don't want to watch them talk about things or outcomes that I don't want. Yeah.
Speaker 2:I do. On a side note to that, one of my favorite books of all time in movies is the Secret.
Speaker 1:Logo and it's that.
Speaker 2:It's like when you give energy to something, universe doesn't know if you're asking for it or liking it or not.
Speaker 1:Correct it has no idea.
Speaker 2:All it knows is that you're putting energy towards it. Correct so only put energy towards things that you want or that you like because otherwise it's going to bring you the thing that you don't like, because you put energy toward them.
Speaker 1:Exactly, and I think we talked about choosing how you spend your time and how all we own this life is our time. So that time that you're spending thinking and talking about this thing you don't want is that the best use of your own time? It's going to pass anyway so why think about something you don't like? People always talk about people they don't like.
Speaker 2:They don't like why are you talking?
Speaker 1:about them.
Speaker 2:Stop it. Talk about something you like Keep it moving. Speaking of keeping moving, I was walking down Tynishwood A and the second phase, or third phase, of Flagler Street is now close to open. Oh, wow that was very nice.
Speaker 1:That's super cool, the as you guys know we probably have that.
Speaker 2:They're redoing Flagler Street from Bayfront Park all the way to the courthouse and it's been needing work for 25 years and they're making like a curbless street so you can do the festivals on it and stuff. And they started at Biscayne. Now they're working towards courthouse and it's like probably 50% done now.
Speaker 1:It's a huge difference. I mean Flagler itself, so there's not a lot there, it's a lot of baking storefronts, but the street is doing the same.
Speaker 2:The fact that this thing was able to accomplish that is really something so I'm excited about that. Julie and Henry was popping off. I went there, still popping off, still like full and it's been six months, seven months now, professor.
Speaker 1:It's something that mommy can make. It pass six or seven months with still interest. It'll stick around. People have found it.
Speaker 2:Yeah, stuff in Miami doesn't last past six months, unless it's really really good.
Speaker 1:Yeah, I think that's cool. I saw something speaking of voicing things that you want and not being negative, and also my topic of politicians perpetuating do-loops. There was a quote that was tweet all over the place this week. Amir Adams from New.
Speaker 2:York. I don't know if you saw it. Yeah, he gave this little like oh, with Kansas or whatever.
Speaker 1:He said we're in New York, we have a brand, we're not like Kansas. What's Kansas? Who wants to go there? They have no brand. And then people are laughing Police guys or deputy guys or they were around and were laughing. I thought it was extremely bad taste and indicative of the myopic echo chamber that is his world, because they all think this is funny, they all think it's great, and then meanwhile, guys, new York is going to have a lot of negative press lately.
Speaker 1:It's just another example of politicians doubling down on a course that they have no understanding of the ramifications of what they're doing.
Speaker 2:But I mean, that's a lot of places that are super star cities or former super star cities have that. They cannot fathom that one other places exist. It was basically what it said Outside of the little thing. And secondly, that they will be a super star city forever or they'll be the center of the universe forever.
Speaker 1:No one can comprehend that those two things aren't always true. Perhaps he's at the helm of the titanic?
Speaker 2:Rearranging that chair Exactly. Yeah, I mean, you know what. I love that though, because I like it when people say what they think for better or for worse. Because it shows you yeah. It's really not like politics Everyone lies, everyone says one thing, that was honesty when you did there.
Speaker 1:It's honesty and that shows, ok, this guy is an elitist piece of. Yeah, great, good to know, Good to know, good to know.
Speaker 2:And I like that because it tells me that it informs my perception of them.
Speaker 1:We see who he is. Yes, exactly, and listen, I don't throw glass stones, no Glass stones. I don't throw stones in glass houses.
Speaker 2:Six, so that hurts. It's like we have problems. We have half the commission is under FBISH. I don't even know, but you won't see me putting down another city because of that and they laugh.
Speaker 1:They're like cool, they have no brand. Ha, ha ha.
Speaker 2:Yeah.
Speaker 1:I'm like, have you not seen what's been in the news lately? I think, the perception of New York.
Speaker 2:I don't think it's had this worst of a perception as far as they've seen since the 80s.
Speaker 1:Yes, I know, like when one time Square was like sex and sad things and stuff. Yeah.
Speaker 2:So I think, I mean, I don't know they have like blinders on.
Speaker 1:It's like they're living in a different reality. Yeah, you know what I'm glad with seeking energy. I'm happy to live in a safe city. I am too.
Speaker 2:Like that to me is like I'm happy to live in a safe city that I'll have to worry. Most times Walk at my front door or walking around and I've always said this Like I walked around the worst parts of downtown Miami at like 3.
Speaker 1:AM. Yeah, same Never even felt permanently.
Speaker 2:You might have a couple homeless or trans people yelling at you like that's really the extent of it.
Speaker 1:Ryan will break out his secret kung fu skills.
Speaker 2:Oh, my God.
Speaker 1:I can scream like that.
Speaker 2:They'll underestimate me if you shoot. I also Anna.
Speaker 1:We'll drop them on the concrete.
Speaker 2:Anna, you need to stop injuring yourself. I can't handle it. She stabbed her finger with like an ornamental metal thing on her shoe, which is the most insane thing.
Speaker 1:I do such crazy things that would damage most people training and so forth. And knock on wood, I never get hurt doing those things, never. I'm sitting down, not like hopping on one foot, putting on a shoe that I wear many times.
Speaker 2:It's like a regular circulation shoe.
Speaker 1:And it has some ornamental thing and I pulled on the shoe and I stabbed myself under my nail and it's like swollen. It was terrible. Yeah, I couldn't sleep for a few days. It was throbbing. My nail it really hurts. They're all these nerve endings there. It was terrible. And then I couldn't train and I was already sick in the first part of the week and then I got over that. It wasn't terrible.
Speaker 2:And then I couldn't sleep for days, could I?
Speaker 1:damage myself putting on a pair of shoes.
Speaker 2:That's so amazing. It's like have you hurt yourself A wrestling shoe.
Speaker 1:No, I was putting on a shoe.
Speaker 2:Well, I totally mixed it feeling better. When I was a teenager I broke my thumb by sitting on it. I was watching TV with some friends and I was excited and I went back and I went like this and I broke my thumb, so yeah, Anyways, yeah, guys, thanks for watching. It's always a pleasure to make these. We hope you enjoy them. If you have any thoughts, questions or anything you want us to cover or talk about, and also you can always send us new stories that we should discuss or any items.
Speaker 1:All right guys.
Speaker 2:See you next time. Have a great day. See you next time.
Speaker 1:Bye.
