Here’s how housing works in LA: Lots of people want to come here because it’s beautiful and there is economic opportunity The population increases Insanely restrictive zoning prevents developers from building enough housing to accommodate population growth Responding to pressure from tenants, the city controls rents on most units (via the RSO) New-comers and residents
If you’ve been driving around LA for the past few months, you’ve seen tons of “Yes on S” advertising. Want to take a moment today to explain why I think Measure S is: Bad for the city; but Great for me Before getting into the argument, let’s review what Measure S actually is. Among other
Thought you guys might appreciate seeing pics of our most recently completed project, a very large 4plex which happens to be located next to another of our projects. It’s obviously not the best time of year to be in lease-up, but the units are so special that I think they’ll go quickly.
Just had an interesting conversation with long-term partners of ours that I think bears repeating here. They asked the following (paraphrased) question: Why are you buying now, when interest rates are definitely going up and, therefore, values will be going down? The premise of the question is totally reasonable. When rates go up, prices go
By now, pretty much everyone acknowledges that the housing affordability situation on both coasts is a major cause of income inequality and, probably, a drag on growth. Have been thinking about what the next administration could do to improve things. The problem is obviously that cities control zoning and city governments tend to listen to home-owners,