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Bill Ackman, CEO and hedge fund manager at Pershing Square, describes a scenario where a family works for a generation to purchase a brownstone on the Upper West Side, which is occupied by rent stabilized tenants. He notes that the family finances the purchase with a bank mortgage, under the expectation that rental income and cash flow would be sufficient to cover expenses.
Ackman highlights the financial pressures families may face when rental revenues do not keep pace with costs on such properties.
Ackman has recently shared views on market trends and technology, including an interview focused on artificial intelligence and investing shifts with the All In podcast crew earlier this year. He has also commented on SpaceX’s high valuation, stating that it enables less dilutive acquisitions and supports accretive deals in a separate note. These remarks reflect Ackman’s engagement across sectors outside of real estate.