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A little thought experiment

Thought experiment regarding American population dispersion: Imagine you picked up all of the people who live in the United States, then allowed them to pick where you put them down, with no regard to where they lived before. How many would choose to be set back down in the Northeast and Upper Midwest? How many

Finishing up another one

We’re just finishing a 6 unit deal in an area where we’ve done a ton of business, and thought you guys would like to see pics. The ads went up this past Monday (so, seven days ago) and already 5 of the 6 units are spoken for. Think the unlevered yield on this one is

Help support more housing along the Expo Line

Am writing today with a request: That you click the link below and add your name to the long list of people and organizations in favor of adding more housing along the Expo Line in LA. Here’s the link. Regular readers know that LA’s housing crisis is basically the result of terrible land-use planning. We

Finishing up a five unit

Just finished a cool five unit building in an area we know really, really well. It’s actually the third building we’ve done on the same block! To be honest, we knew this deal was a great one the moment we got it under contract… it was so good that the broker tried to chase us

A really scary roof deck

Came across a listing for a renovated building yesterday that made me very scared for the potential new owner. To be clear, this was a nicely renovated building, with brand new systems, high-quality finishes, decent taste, etc. And the rents were pretty good – around $2500 for 2 beds with no parking, which, for the

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