Miami Real Estate (Sacks exit)

privateBearish

Miami residential real estate market, referenced in context of David Sacks reducing property exposure.

1 take · first discussed Oct 11, 2024

Where they land

Bearish

Who's weighed in

Takes

First discussed

Oct 11, 2024

Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.

Where they stand now

Sacks

Bearish

Sacks notes he sold his Miami property last year, implying he timed the top of the market correctly given the subsequent hurricane and insurance risk concerns.

E199 · Oct 11, 20241 call ↓

The discussion

The only host to weigh in is Sacks, who holds a bearish view on Miami real estate at medium conviction. He points to his decision to sell his Miami property as well-timed, citing the subsequent emergence of hurricane and insurance risk concerns as validation of his exit. No other hosts offered a view on this topic, so no cross-host agreement or disagreement can be assessed.

How they got there

Sacks1 mention since Oct 11, 2024

BearishE199Oct 11, 2024⚑

Sacks notes he sold his Miami property last year, implying he timed the top of the market correctly given the subsequent hurricane and insurance risk concerns.

So it was a good thing that I sold my Miami place last year.”28:27

iAbout these quotes

Quotes are machine-transcribed from the episode audio — use the Listen links to verify any take against the source, or the ⚑ link to report a problem. Takes marked unverified, low-conviction, or commentary-only never move stances, the index, or the funds.