Results for ‘City government’ category

A rising tide of (petty) crime

We’ve managed a bunch of buildings in gentrifying areas of LA for a long time, and I can tell you with a high degree of certainty that property crime (theft, tagging, etc.) has gone up markedly over the past few years. Most recently, we have a building where cars have been broken into in the

Yet another bad regulatory innovation

There’s a proposal up for discussion this week at the city council’s Housing Committee that warrants some discussion. In a nutshell, the city is considering requiring every landlord of a rent stabilized unit to report the rent she is charging to the city every year. Why? Because apparently there are hundreds of people being overcharged.

A great article about robo-cars

On Friday, had a funny discussion with our largest investor regarding the value of parking spaces. His joke was that, when I’ve got loads of parking, I tell him how valuable parking is, and when I’m under-parked, I start talking about Uber. I’m not admitting that’s true, but I did tell him that I think

A little bit of government waste

Here’s a wonderful example of Los Angeles city government at work. The city wants to close a disused pedestrian tunnel under Sunset in Silver Lake which has become a cesspool of graffiti, litter, etc. LA anticipates the cost of doing so will be $160,000. I guarantee a private contractor could close the thing up for $80k

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