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Barry Sternlicht

All articles tagged with #barry sternlicht

"Real-Estate Billionaire Barry Sternlicht's Solution to U.S. Inflation: Congress Must Curb Spending"

Real-estate billionaire Barry Sternlicht suggests that the U.S. inflation problem could be addressed by urging Congress to curb excessive spending, criticizing the Federal Reserve's reliance on interest rate hikes as ineffective. Despite previously condemning the Fed's actions, Sternlicht now believes that the rate hikes have not slowed the economy and are instead harming key sectors, including real estate. He describes the current real estate situation as a once-in-a-lifetime crisis and emphasizes the need for a different approach to combat inflation.

via Fortune|

#barry-sternlicht #businesseconomics #federal-reserve

politics2 years ago•2 min saved

"Billionaire Barry Sternlicht spearheads $50 million anti-Hamas media campaign"

Real-estate billionaire Barry Sternlicht is reportedly organizing a media campaign with a budget of up to $50 million to define Hamas as a terrorist organization. Sternlicht began the campaign shortly after a terrorist attack in Israel committed by Hamas. He initially sought $1 million in donations from wealthy individuals, aiming to "distinguish between anti-Semites and the Palestinian situation." While Warner Bros. Discovery CEO David Zaslav and Endeavor CEO Ari Emanuel were initially mentioned as participants, their spokespeople have since denied involvement. The campaign has raised several million dollars so far and has hired former aide Josh Vlasto to advise it.

via Fox Business|

#barry-sternlicht #hamas #israel

finance2 years ago•4 min saved

"Office Buildings Transformed: From Concrete Jungles to Serene Parklands"

Barry Sternlicht, billionaire investor and CEO of Starwood Capital Group, warns that the commercial real estate industry is facing a "category 5 hurricane" due to surging interest rates and the rise of remote work. He believes that office buildings with high vacancy rates may become parkland or fields of grain, while the nicer buildings will continue to be rented at good rates. Sternlicht also warns of potential bank failures if the commercial real estate sector continues to decline, creating a "doom loop" between regional banks and the industry. However, he sees this as an opportunity to buy distressed assets and build his multibillion-dollar empire, as he did during the savings and loan crisis in the 1980s.

via Yahoo Finance|

#bank-failures #barry-sternlicht #commercial-real-estate

real-estate2 years ago•4 min saved

"Office Buildings Transformed: From Concrete Jungles to Serene Parklands"

Barry Sternlicht, billionaire investor and CEO of Starwood Capital Group, warns that the commercial real estate industry is facing a "category 5 hurricane" due to surging interest rates and the rise of remote work. He believes that central banks' efforts to tame inflation have negatively impacted the industry, making financing commercial real estate transactions expensive or nearly impossible. Sternlicht predicts that office real estate will be split into haves and have-nots, with many struggling properties potentially going out of business. He also warns of a potential doom loop scenario, where regional bank failures could be triggered by the ongoing downturn in commercial real estate. However, Sternlicht sees an opportunity in distressed assets and believes there could be a "second RTC" if more banks fail, presenting a chance to buy assets at a discounted price.

via Fortune|

#bank-failures #barry-sternlicht #commercial-real-estate

finance2 years ago•3 min saved

Billionaire Barry Sternlicht predicts sharp drop in inflation based on rental trends.

Billionaire investor Barry Sternlicht predicts that inflation will drop hard, citing falling rents as the reason. He believes that there is a lag in the way the government reports rental data, but if corrected, it will show up later. Shelter is one-third of CPI, so if corrected, it will bring headline inflation down, and it will likely happen in the late summer and early fall. Sternlicht argues that even though inflation is falling, the US is going into a serious recession.

via Yahoo Finance|

#barry-sternlicht #finance #inflation

business2 years ago•3 min saved

Billionaire Barry Sternlicht predicts sharp drop in inflation based on rental trends.

Billionaire investor and CEO of Starwood Capital, Barry Sternlicht, predicts that inflation will drop hard, citing falling rents as the reason. He argues that there is a lag in the way the government reports rental data, but if corrected, it will bring headline inflation down, likely in late summer or early fall. Sternlicht has been a vocal critic of the Federal Reserve and previously claimed that inflation is coming down hard and faster than people thought. Although he did not comment on what falling inflation means for the real estate market, he thinks that the US is going into a serious recession.

via Fortune|

#barry-sternlicht #business #federal-reserve

finance2 years ago•2 min saved

Billionaire Investor Predicts Sharp Drop in Inflation Due to Housing Market Downturn.

Billionaire investor Barry Sternlicht predicts that inflation will drop off due to falling rent and housing prices. He pointed to the recent drop in rent prices, which will eventually pull down shelter inflation. Sternlicht estimated that the impact of lower rents would show up mid-year, which could show major progress on the Fed's inflation fight, as housing prices account for around a third of headline CPI. However, he warned that high interest rates could overtighten the economy into a severe recession, and predicted a severe downturn ahead for the US economy.

via Yahoo Finance|

#barry-sternlicht #finance #housing-prices

finance2 years ago•1 min saved

Sternlicht predicts sharp drop in inflation due to falling rents and housing prices.

Billionaire investor Barry Sternlicht predicts that inflation will drop off due to falling rent and housing prices. He pointed to falling rent prices in recent months, which will eventually pull down shelter inflation. Sternlicht estimated that the impact of lower rents would show up mid-year, which could show major progress on the Fed's inflation fight, as housing prices account for around a third of headline CPI. However, he warned that high interest rates could overtighten the economy into a severe recession.

via Markets Insider|

#barry-sternlicht #finance #housing-prices