Curbed had an story yesterday that was 100% predictable: Downtown landlords are having to offer incentives to attract tenants. Here is why this happened: Rents have been going up downtown since the end of the recession in, say, 2011 Downtown is one of the very few neighborhoods in LA (along with, to a certain extent, Hollywood
Just finishing a 4plex in a really cool, up-and-coming neighborhood that we renovated on behalf of an outside investor. Was reviewing the original pro forma and revising in light of what I believe the rents will be… and got an annoying surprise. Based on the original pro forma, this was not a deal that we
For today’s post, I answered another Quora question: How do you make money flipping land? It’s not a very detailed question, but it raises some interesting issues around price volatility, holdings costs, and regulatory delays. Click here to read the whole answer. Meanwhile: I’m taking the boys up to Yosemite for the holiday weekend. Hope
Further to my last post, here’s a pretty bad idea being proposed to help with the homelessness problem in LA. To lazy to click? Basically, two council-members are proposing a ballot initiative to increase various fees paid by developers to pay for bond which would pay for $1Bn worth of housing for the homeless. Sounds like
Buried in Paul Krugman’s column today was an interesting fact, of which I was not previously aware: As a result of action/inaction by President Obama, the income tax rate paid by the top 1% of earners is back up to where it was in 1979, before President Reagan took office. Weirdly, upon reading the above,