Episode 175

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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.  

Resources:

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)

Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

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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 hosts; Chris Naghibi and Saied Omar 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.

About your host

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Christopher Naghibi

Christopher M. Naghibi is the host and founder of The Higher Standard podcast — a rapidly growing media platform delivering unfiltered financial literacy, real-world entrepreneurship lessons and economic commentary for the modern era.

After nearly two decades in banking, including his most recent role as Executive Vice President and Chief Operating Officer of First Foundation Bank (NYSE: FFWM), Christopher stepped away from corporate life to build a brand rooted in truth, transparency, and modern money insights. While at First Foundation, he had executive oversight of credit, product development, depository services, retail banking, loan servicing, and commercial operations. His leadership helped scale the bank’s presence in multiple national markets from $0 to over $13 billion.

Christopher is a licensed attorney, real estate broker, and general building contractor (Class B), and he brings a rare blend of legal, operational and real estate expertise to everything he does. His early career spanned diverse lending platforms, including multifamily, commercial, private banking, and middle market lending — holding key roles at Impac Commercial Capital Corporation, U.S. Financial Services & Residential Realty, and First Fidelity Funding.

In addition to his media work, Christopher is the CEO of Black Crown Inc. and Black Crown Law APC, which oversee his private holdings and legal affairs.

He holds a Juris Doctorate from Trinity Law School, an MBA from American Heritage University, and two bachelor degrees. He is also a graduate of the Yale School of Management’s Global Executive Leadership Program.

A published author and sought-after speaker (unless it’s his son’s birthday), Christopher continues to advocate for financial empowerment. He’s worked pro bono with families in need, helped craft affordable housing programs through Habitat for Humanity, and was a founding board member of She Built This City — helping spark interest in construction and trades for women of all ages.