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who better to ask then tilman fertitta. welcome.just saying -- we were showing waldorf-astoria and the major price it sold for. knowsusinessman, one who consumers, what you think about that? >> it is a crazy number. the contract was signed a few weeks ago. ipo. they are doing an an old rule of thumb -- you take what you are paying for it. that means you are charging 1300 and nine. you might get that some nights, but the numbers do not work. >> the average daily rate are not $1300. >> it is not. the average rate and what they are selling for, it is unbelievable. we talk about the crash coming, and it probably is coming when you see silly things like that --one point million three $1.3 million -- that just does not work. function of the amount of capital pouring into is thatate -- these -- a function of the amount of capital pouring into real estate and these have to get bid up? is what is happening, probably in new york more than anywhere else, but you see it in texas, california. repeats itself, as we know, and i think he will repea

the incumbent with 17% and joe tilman 15% of the vote. >> joe bock us is that election night party joe -- joe, what's the latest out there? >> strong numbers and really an exuberant crowd here at headquarters. she says she's thrilled and excited to see the outcome so far but she has cautioned her supporters. it's going to be a long night. it could be tomorrow, it could be days before we know the outcome of this election which ranked choice voting and not to mention 15 candidates. they've got a lot of work to do. right now she says she is celebrating a hard-fought campaign and more work to do tonight because they're still counting of these results. sitting councilwoman libby schaaf of course has been a councilwoman since 2010. she has looked at -- is looked at as not an ideologue. gets others to others together and comes up with a consensus. she is hoping for a crack at the seat of the mayor mayor and right now, looking good but anything can happen by the end of the night. >> the night is still young. >> joe is reporting night -- live from oakland. let's take a look at those numbers rig