The Real Estate Espresso Podcast

Victor Menasce
  • 4.9 (133)
  • Investing
  • Updated Daily

Welcome to The Real Estate Espresso Podcast, your morning shot of what's new in the world of real estate investing. Join investor, syndicator, developer, and author Victor J. Menasce as he shares his daily real estate investment outlook. Our weekday episodes deliver 5 minutes of high-energy, high-impact content to fuel your success. Plus, don't miss our weekend editions featuring exclusive interviews with renowned guests such as Robert Kiyosaki, Robert Helms, Peter Schiff, and more.

  1. 9h ago

    Industrial In The Southeast USA

    Today is the first in a four part mini-series on Industrial Real Estate across the US. The folks at Marcus & Millichap recently published 36 submarket reports across the US focusing on Industrial Real Estate. Today we are concentrating on six markets in the Southeast. -------------- **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)

  2. 1d ago

    Will The Japan Carry Trade Affect Real Estate?

    On today’s show, we’re examining the Japanese yen carry trade and why its possible unwinding should be of interest to real estate investors thousands of miles away from Tokyo. A carry trade sounds complicated, but the basic idea is simple. An investor borrows money in a currency with a low interest rate and invests that money in an asset offering a higher return. The carry trade has its roots in an economic stagnation that started in 1991. Their stock market crashed in 1991 and the air came out of their real estate bubble? Over the next several years, the Japanese central bank lowered interest rates to try and stimulate the economy. By 1995 rates were at 0.5% and by 1999 they were down to zero.  For decades, Japan was the natural source of that cheap money. Interest rates were near zero, and at times negative. Investors could borrow yen, convert the proceeds into dollars, euros, Australian dollars, or another currency, and purchase higher-yielding assets. Carry trades depend on three conditions: cheap funding, stable exchange rates, and confidence that liquidity will remain available. All three conditions are now being questioned. The Bank of Japan has been moving away from the extraordinary monetary policies that made yen funding so attractive. At the same time, Japanese authorities have intervened in currency markets after extreme yen weakness. Even a rapid strengthening caused by intervention can force leveraged traders to reduce their positions.  We saw a preview in August of 2024. A strengthening yen and changing expectations for Japanese interest rates helped trigger a rapid unwinding of leveraged positions. The result was not limited to the foreign-exchange market. Japanese equities fell sharply, volatility jumped, and investors sold assets elsewhere to meet margin calls and reduce risk.  So what happens to credit markets when the carry trade ends? ------------ **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)

  3. 2d ago

    The Everything Crisis with Dr. Anas Alhajji

    Dr. Anas Alhajji is one of the preeminent energy analysts in the world today. He is based in Dallas Texas. On today's show we are talking about the multiple factors that are affecting energy markets and global supply chains. Most of these factors are not making headlines and are largely being ignored by the markets. To connect with Dr. Alhajji you can find him on Twitter at https://x.com/anasalhajji His substack newsletter is widely followed and contains extraordinary behind the scenes analysis. Daily: https://afalhajji.substack.com/ Weekly: https://anasalhajjieoa.substack.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)

  4. 2d ago

    BOM - 1929 Inside the Greatest Crash in Wall Street History, and How It Shattered a Nation.

    On today’s show, we’re reviewing a new book by Andrew Ross Sorkin called 1929: Inside the Greatest Crash in Wall Street History, and How It Shattered a Nation. Sorkin is best known for Too Big to Fail, his account of the 2008 financial crisis. In this book, he goes back nearly eighty years earlier to examine the most famous market collapse in American history. Most people know the basic outline. The stock market rose dramatically during the Roaring Twenties. Speculation took hold. The market crashed in October of 1929, and the Great Depression followed. But knowing the outline is not the same as understanding what happened. Sorkin’s strength is narrative. He takes a complicated financial event and tells it through the people who experienced it. Bankers, traders, politicians, regulators, journalists, and ordinary investors appear not as distant historical figures, but as human beings operating under pressure. The book’s central lesson is not simply that markets can fall. Everyone already knows that. The deeper lesson is that intelligent, experienced people can see warning signs and still fail to act. Why? Because the incentives of the moment are often stronger than the consequences of the future. ------- **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)

  5. 4d ago

    Panama Is Not In The Headlines

    Cost Segregation Is The Key to Bonus Depreciation. To Take advantage of bonus depreciation and lower your taxes, reach out to the Cost Segregation Guys. ------------- Panama is not in the headlines, but maybe it should be. Today we’re talking about water levels in the Panama Canal. When most people hear that the canal is experiencing low water, they assume the immediate result will be fewer ships passing through each day. That is not yet the principal restriction. The more immediate constraint is draft. Draft is the distance between the waterline and the bottom of the ship. The heavier the cargo, the deeper the vessel sits in the water. When water levels fall, the canal cannot safely accommodate ships that sit as deeply in the water. The canal may still allow the same number of vessels to transit, but each vessel may have to carry less cargo. That means the number of ships can remain unchanged while the actual transportation capacity of the canal declines. ------------- **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)

  6. 5d ago

    What Does The Fed Mean?

    The progression from Alan Greenspan to Kevin Warsh is not simply a change in personality. It reflects four different views of how much the Federal Reserve should shape market expectations. At one end is the belief that ambiguity preserves flexibility. At the other is the belief that communication itself is a monetary-policy instrument. Warsh appears to be pulling the institution back toward flexibility, but in a market that has become accustomed to continuous guidance. Warsh seems to be drawing a distinction between transparency and prediction. The Fed should explain why it made today’s decision. But that does not mean it should promise what it will do three or six months from now. There is also a concern that excessive guidance encourages too much risk taking. When investors believe the Fed has clearly mapped out the future, they may borrow short, lend long, buy duration, or sell volatility with too much confidence. A less predictable Fed may force investors to price risk more carefully. That may be healthier over the long term. ------------- **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)

  7. 6d ago

    Dear Diary

    It’s rare that I get wrapped up in the news cycle. I’m not a news junkie. But this week, something crossed my desk that I simply could not ignore.  We all lived through the pandemic and were presented with data from the media that did not always line up with basic science. Those scientists, pathologists, and doctors who presented data that contradicted the official narrative were ostracized as quacks and conspiracy theorists. Kudos to Senator Rand Paul for getting his hands on the Dr. Anthony Fauci’s diary. Dr. Fauci was the government’s face of the pandemic for nearly 3 years. Dr Fauci was seen as recommending social policy to deal with what was an epidemic. His testimony before Congress seemed to be more focused on protecting his personal interests and that of a few researchers than getting to the truth. The entire document is 1141 pages in length and the diary starts on page I’m not a cynic and I am not a conspiracy theorist. Dr. Fauci’s own words clearly contradict his own public statements.  The reason this is so important is that the lives of billions of people were upended for several years. The economic and social impact was severe. We are still dealing with the aftermath of the decisions that were made at that time. The unintended consequences of decisions that were probably well intentioned are still with us.  Those decisions bankrupted many investors in commercial office real estate. Those decisions created short term demand for products that defied the long term trends. We saw a spike in demand for campers and RVs. We saw a spike in demand for vacation properties.  We saw supply chain disruptions on a scale that we had not seen probably since the second world war.  If there is one thing that the pandemic taught us is how to build more resilient supply chains that quite frankly we now in the current geopolitical climate and we will certainly need in the future.  ----------- **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)

  8. Jul 28

    Using AI to Find Cheap Dirt

    We're building a project in Louisiana that has a lot of site work associated with it. In fact we need to import about 60,000 cubic yards of material to raise the finished grade of the property. The price per yard can vary widely depending on transportation. On today's show we are showing how AI is being used to find creative solutions to reducing the cost of the dirt work. ---------- **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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4.9
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About

Welcome to The Real Estate Espresso Podcast, your morning shot of what's new in the world of real estate investing. Join investor, syndicator, developer, and author Victor J. Menasce as he shares his daily real estate investment outlook. Our weekday episodes deliver 5 minutes of high-energy, high-impact content to fuel your success. Plus, don't miss our weekend editions featuring exclusive interviews with renowned guests such as Robert Kiyosaki, Robert Helms, Peter Schiff, and more.

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