Results for ‘Development’ category

Some mildly annoying numbers

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

How do you make money flipping land?

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

How to get more affordable housing for free

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

A novel explanation for the slowdown in single family home starts

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,

4424 Burns is done

Yet another renovation project. This one is walking distance to Virgil Village / Sunset Junction. The building is a mix of 3 bed / 2 bath and 1 bed / 1 bath units. The 3/2s, pictured below, are really impressive. I think they’re the best 3 beds we’ve ever done… great ceiling height, great windows, all the

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