Today we’re talking about the war in the Persian Gulf, and why a market like Lake Charles, Louisiana could be a real beneficiary, even if the war were to end today.

The Strait of Hormuz is one of the most important energy chokepoints in the world. A meaningful share of global oil and gas moves through that corridor. When conflict disrupts flows through that region, the world starts looking for stable, dependable alternatives.

The war is also widening the pricing gap between U.S. natural gas and gas in Europe and Asia. Scott makes the point very clearly. If you’re a chemical manufacturer deciding where to build, and gas is $14 in Germany but $3 or $4 in Louisiana or Texas, that’s not a hard decision. That makes Louisiana more attractive not only for LNG, but for petrochemical and energy-intensive manufacturing investment as well.

Louisiana is already a major energy state, and several LNG projects in Calcasieu Parish have either advanced or received major commitments recently, including Woodside’s Louisiana LNG project in 2025, while other Louisiana-area projects have also moved ahead. Just last week, Venture Global announced final investment decision for its CP2 project which is an $8.5B expansion of its LNG plant located south of Lake Charles on the Gulf coast.

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**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)

On today show, we are talking about performing even the most basic of due diligence when it comes to potential suppliers, customers, tenants, lenders, brokers.

It is sad to say, but there are large ecosystems of fraudulent players out there.

Due diligence is both an art and a science. In fact, I have an upcoming episode where I interview a specialist in due diligence. On that show, we will dive into some of the more sophisticated techniques.

But on today’s show, we are focussing on even the most simple forms of due diligence that are so easy to perform, and quite frankly expose those individuals with a questionable history.

----------

**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)

Today we're looking at New York City, and specifically at the combined impact of two policies associated with Mayor Mamdani's housing agenda, a rent freeze on rent-stabilized apartments and a proposed 9.5% increase in property taxes.

Now separately, each of these policies is a political choice. Together, they become something more serious. They become a stress test of whether private ownership still means private ownership, or whether ownership has been reduced to a set of obligations without the corresponding rights.

This is not just an economic question. It is also a constitutional one.

-------------

**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)