Just had a minor epiphany while walking over to the office from breakfast that I thought I’d share with you. It’s kind of embarrassing, in a “slap-myself-in-the-head-for-not-recognizing-this-earlier” kind of way, but I’m all about honesty on this blog, so here goes… Regular readers know I spend a lot of time thinking about the components of value.
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
Wanted to take a moment today to tip my cap to Governor Brown, who is (as usual) advocating a really smart response to our state’s housing affordability crisis. Here’s a link to the proposed bill. In case you’re not an expert on deciphering legalese, here, in a nutshell, is what it says: If a developer
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,