Episode 175

Published on:

12th Sep 2023

Airbnb, Beige Book, Roku, WeWork & A Bromance

In their second show without Haroon, who continues to be out on PTO in “The Sac,” Chris and Saied decide to crack a few of their own cans during the show in order to pay homage.  Shortly after lamenting the value of Haroon’s contributions they jump in to New York City’s crackdown on Airbnb and what this could mean if other cities follow suit.  They examine the Fed’s Beige Book data, what it tells us about the Fed’s perspective going into the September Fed meeting and give their predictions on whether or not there will be another 25 bps rate increase to Fed Funds.  They then pivot to Roku’s stock jumping after laying off 10% of their workforce while WeWork is reportedly renegotiating all of its leases.  The round out the show by reading on the National Association of Realtors new class action lawsuit, but stop short of a full analysis because they are going to need more time to review the legal filings. It is an episode chalked full of laughs and facts, so make sure to wear your manpon.  


New York City's crackdown on Airbnb and short-term rental goes into effect (Guardian)

Fed's Beige Book Shows Slower Activity Growth and Hiring in Peak Summer (Bloomberg)

Roku stock jumps after company says it will lay off 10% of workforce (CNBC)

WeWork CEO says company is ‘here to stay’ as it renegotiates ‘nearly all our leases’ (CNBC)

Monumental NAR lawsuit snags class action status (The Real Deal)

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About the Podcast

The Higher Standard
This isn’t a different standard, it’s the higher standard.
Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your host; Chris Naghibi is here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

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About your host

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Christopher Naghibi

Christopher M. Naghibi is the Founder and Chief Executive Officer of Black Crown Inc. and Black Crown Law APC, a disruptive collective of attorneys, property managers, real estate agents and contractors who handle home sales and purchases, commercial and multifamily real estate brokerage, primarily for high net-worth and celebrity clients.

His team has over 20 years of experience, 1000+ satisfied clients, $10 million in recovered costs for clients, and in excess of $20 billion dollars in closed transactions.

As a licensed attorney, real estate broker, general contractor, and now Top 100 podcast host, Chris aims to provide free financial education that allows people to take control and democratize fear in the financial world.