Episodios

  • A Void Of Government Data

    A Void Of Government Data
    Oct 3 2025
    Bradenton Webinar Registration⁠ I’d iike to invite you to learn more about an exciting opportunity located in Bradenton Florida. Bradenton is next to Sarasota for those of you who are familiar with Florida. This market has an industrial moratorium that is driving one asset class to new heights, specifically light industrial. This 35 are property, right in the middle of Bradenton has an existing Charter School on 11 of those acres and 24 acres of land that we are developing. We are hosting a webinar on Wednesday October 8 at 7PM Eastern time. This opportunity is only open to accredited investors residing in the US in compliance with SEC regulations. To learn more, click on the link in the show notes and we will see you on Wednesday evening at 7PM. -------------On today’s show we are looking at the continuing signs of weakness in the US economy. Of course with the government shut down , there are no numbers coming out of the BEA, or the BLS. Today would have been the monthly jobs report which consists of two reports. There is the headline employment report, sometimes called the establishment survey and the household survey. The employment report made headlines in a significant way when the numbers for the past year were revised down ward by over 900,000 jobs. The financial markets have come to rely on these reports when it comes to bidding on interest rate futures. The theory is that if the economy is strong and employment is strong, then the Fed will put more emphasis on suppressing demand by raising the cost of capital. This is the so-called hawkish stance where fighting inflation takes centre stage. If the economy is weak and jobs are disappearing, then the Fed in theory should take a more stimulative approach to reduce the cost of capital and encourage hiring. This was the stance in the last FOMC meeting which resulted in a 0.25% rate cut. So we have no data coming out and the market doesn’t really know what to do. But there is data coming from private sources that are well respected. Payroll processing company ADP produces are regular report based on the aggregated and anonymized payroll data of more than 26 million U.S. employees. This week’s report showed that the US economy shed 32000 in the month of September. ADP gathers their data weekly.We can confidently predict another 0.25% rate cut at the next FOMC meeting at the end of October and then a further rate cut at the December meeting. For those of us in real estate, this is good news. It means those variable rate loans that are indexed to SOFR will see a reduction of 0.5% before the end of the year. ----------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1) iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613) Website: [www.victorjm.com](http://www.victorjm.com) LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce) YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734) Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso) Email: [podcast@victorjm.com](mailto:podcast@victorjm.com) **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com) Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital) Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)
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    6 m
  • Two Alarming Trends In Construction

    Two Alarming Trends In Construction
    Oct 3 2025

    Bradenton Webinar Registration

    I’d iike to invite you to learn more about an exciting opportunity located in Bradenton Florida. Bradenton is next to Sarasota for those of you who are familiar with Florida. This market has an industrial moratorium that is driving one asset class to new heights, specifically light industrial. This 35 are property, right in the middle of Bradenton has an existing Charter School on 11 of those acres and 24 acres of land that we are developing. We are hosting a webinar on Wednesday October 8 at 7PM Eastern time. This opportunity is only open to accredited investors residing in the US in compliance with SEC regulations. To learn more, click on the link in the show notes and we will see you on Wednesday evening at 7PM.

    ------------

    On today’s show we are talking a look at the latest research of new construction and whether there are constraints that are driving costs higher, even as fewer projects are getting built in the current environment. Specifically, I’m summarizing from research papers on the topic. These come from

    https://www.researchpublish.com/upload/book/The%20US%20labor%20Shortage%20in%20Construction%20Industry-27122023-8.pdf

    https://billd.com/2024-market-report/

    https://www.agc.org/2024-construction-hiring-and-business-outlook

    --------------

    **Real Estate Espresso Podcast:**
    Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
    iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
    Website: [www.victorjm.com](http://www.victorjm.com)
    LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
    YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
    Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
    Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
    **Y Street Capital:**
    Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
    Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
    Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

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    6 m
  • BOM - "Turning Pro" by Stephen Pressfield

    BOM - "Turning Pro" by Stephen Pressfield
    Oct 2 2025

    Our book this month is the second book in a two part series. The first book is called "The War of Art" by Stephen Pressfield. The second book is Turning Pro. You can think of the first book as the statement of the problem and the second book as the solution.

    The relationship between Steven Pressfield's "The War of Art" and "Turning Pro" is best understood as a two-part guide to the creative process: one book identifies the problem, and the other provides the solution.

    -------------

    **Real Estate Espresso Podcast:**
    Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
    iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
    Website: [www.victorjm.com](http://www.victorjm.com)
    LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
    YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
    Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
    Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
    **Y Street Capital:**
    Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
    Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
    Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

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    5 m
  • Scarcity Through Zoning

    Scarcity Through Zoning
    Sep 30 2025

    On today’s show we are talking about scarcity through zoning. I often have discussions with investors about whether things should be easy or not. If it’s easy, anyone can do it. The barrier to entry is low and eventually the market will become saturated.

    We see this regularly in cities like Houston where there are no zoning restrictions. This means you can put anything anywhere, and people do. For the most part, the market forces seem to take care of things and common sense generally prevails. But if you wanted to put a daycare next to an oil refinery you could. If you wanted to build a strip club next to a church, you could.

    The good news is that you face very few regulatory barriers. That makes it easy, or at least easier. As long as the municipal utilities district has capacity and commits to serve your property, you can build. As long as your design meets the requirements of the fire Marshall and the building code, you can build. The good news it’s easy, and the bad news is it’s easy.

    ----------

    **Real Estate Espresso Podcast:**
    Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
    iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
    Website: [www.victorjm.com](http://www.victorjm.com)
    LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
    YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
    Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
    Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
    **Y Street Capital:**
    Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
    Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
    Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

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    5 m
  • What Does Record Gold Mean?

    What Does Record Gold Mean?
    Sep 29 2025

    On today’s show we are looking at what is happening in precious metals and the narrative attached to these recent record setting prices.

    This past week gold has hit new all time record highs of just above $3800. Price peaked at $3820 an ounce, surging nearly $40 an ounce in the opening moments of trading on Monday morning. So far gold is up 10% in the last 30 days and up 41% in the past year.

    Of course the purists out there will probably argue that gold has not risen. It’s the dollar that has fallen in reference to gold and that gold is the only true historic store of value.

    We are seeing similar moves in the other benchmark metals. Silver also hit 14 year highs this week above $47 per ounce as of the time of this recording. That is an increase of 20% for the month and 45% in the past year.

    It’s a similar story for platinum and palladium. Platinum is up 18% for the past month and 58% for the past year. Palladium is up 17% in the past month and 27% in the past 12 months.

    We know that several things happen in an inflationary environment. Purchasing power for those on fixed income gets wiped out. Savings get wiped out and debt gets wiped out. We can also see asset prices rise unless we are talking about a Venezuelan style inflation where asset prices collapse due to a complete breakdown of the economy.

    So in an inflationary environment you don’t want to be the one holding the debt. In fact the people at Morgan Stanley just updated their recommendation for a balanced portfolio. The traditional Wall Street version of the balanced portfolio has been 60% stocks and 40% bonds. They never mention real estate of course because they can’t sell real estate and they don’t make any money if you buy real estate.

    -------------

    **Real Estate Espresso Podcast:**
    Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
    iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
    Website: [www.victorjm.com](http://www.victorjm.com)
    LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
    YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
    Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
    Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
    **Y Street Capital:**
    Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
    Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
    Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

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    5 m
  • Interior Design with Marcy Sagel

    Interior Design with Marcy Sagel
    Sep 28 2025

    Marcy Sagel is based in Baltimore, Maryland where she runs MSA Interiors. Her firm specializes in design of multi-family apartment projects nationwide. She is working at a very high level with some of the most notable developers in the nation. To connect with Marcy, visit https://msainteriors.com/

    --------------
    **Real Estate Espresso Podcast:**
    Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
    iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
    Website: [www.victorjm.com](http://www.victorjm.com)
    LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
    YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
    Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
    Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
    **Y Street Capital:**
    Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
    Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
    Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

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    14 m
  • Investigative Due Diligence with Shane Pogue

    Investigative Due Diligence with Shane Pogue
    Sep 27 2025

    Shane Pogue is based in Dallas Texas where is specializes in Investigative Due Diligence. He helps investors with their due diligence process. To connect with Shane, reach out to him on LinkedIn at https://www.linkedin.com/in/shane-pogue-6b900a11a/

    --------------

    **Real Estate Espresso Podcast:**
    Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
    iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
    Website: [www.victorjm.com](http://www.victorjm.com)
    LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
    YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
    Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
    Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
    **Y Street Capital:**
    Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
    Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
    Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

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    11 m
  • Centuries Old Technology Is New Again

    Centuries Old Technology Is New Again
    Sep 26 2025

    I’d like to invite you to our upcoming Build To Scale Mastermind Nov 9-13 in Tulum Mexico. This exclusive four day event is for you to learn how to scale your business and your life. This is an opportunity for you to spend 4 high quality days with the leadership at Y Street Capital and take your investing business to the next level. To learn more, click HERE.

    ------------

    On today’s show we are looking at the value of a piece of property that has a rail connection on it.

    When it comes to transportation and logistics, rail is significantly less expensive than trucking. Rail costs about $0.02 per ton mile versus about $0.10 per ton mile or more when transporting by truck. For bulk commodities, and for shipping containers rail can be much less expensive.

    That means that transporting a 20 foot long shipping a container by truck from Los Angeles to New York would cost about $7,500. By comparison, that same trip by rail would cost about $1,400. The savings are substantial. But once you get the rail car to the destination, you still need to switch from rail to road for the last mile, or perhaps the last few miles. This short haul trip is going to be disproportionately expensive.

    --------------

    **Real Estate Espresso Podcast:**
    Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
    iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
    Website: [www.victorjm.com](http://www.victorjm.com)
    LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
    YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
    Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
    Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
    **Y Street Capital:**
    Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
    Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
    Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)


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    5 m