Results for ‘City government’ category

Let’s behave ourselves

Have been stewing over the behavior of a few of our competitors, who skirt city law in order to drive up the returns they earn on deals. All businesses are subject to some level of government regulation. For a variety of reasons, including the fact that the assets are immovable, the ownership of rental housing

How increasing replacement costs imply a widening investment moat

Experienced real estate investors know to keep an eye on replacement cost when considering rehab deals. The idea is to try to ensure your property will have a cost advantage vs. its neighbors. The thought process is pretty simple: When considering doing a project, you want to look at what it would cost a competitor

Unsolicited advice for owners of non-RSO buildings

Owners of non-rent stabilized apartment buildings in Los Angeles with rents below market (eg most of them) ought to be considering their options in light of the likely repeal of Costa-Hawkins. Two obvious courses of action: Sell now, while the market continues to (mistakenly, in my view) place a premium on non-RSO buildings; or Immediately

Some love for Scott Weiner

As a housing supplier, it is in my financial interest for the government to continue to block development of new housing at a scale commensurate with demand. However, as an American who loves cities, in general, and Los Angeles, in particular, I am strongly in favor of loosening restrictions on development. More housing equals lower

Very poor urban planning

Here are some pictures that drive me insane:   These are pictures, respectively, of the Vermont /Beverly, Soto/1st, and Vermont/Santa Monica Metro stops. Why do they drive me insane? As a city, we are spending billions of dollars to build out our currently-woefully-inadequate public transportation system to turn LA into a normal city. The single

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