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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.

Looking for an intern

Readers: We’re looking for an intern. Ideal candidate will be available to spend, say, 10-15 hours per week with us. The intern will work on some interesting / serious stuff but also plenty of scut work. Would be a good way for a college (or, potentially, an extremely mature highschool) student to learn about our business. Pay

Some thoughts on Millennials and the economy

I generally avoid politics on this blog, because there’s no need for yet another place for people to get angry. But today I want to address what seems like a creeping demoralization among Millennials, in particular, that’s causing them to question capitalism. There’s no doubt that Millennials have had it pretty rough. Many of them

How to handle call-downs

Today I want to talk about a little-discussed area of money management: How to handle call-downs. First, what’s a call-down? In most real estate deals, the investors don’t send all their money for the whole deal on the day of closing. Instead, they agree to commit a specific total amount to the project and then leave

Some thoughts on the fight at the CA Coastal Commission

There’s a big fight brewing on the California Coastal Commission. In a nutshell: The Coastal Commission board, which includes a lot of relatively pro-development members appointed by Governor Brown, is in the midst of throwing out the current director, mostly because he’s insufficiently pro-development. The usual suspects, mostly environmental groups, are all up in arms.

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