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One further prediction re the Trump economy

Thank goodness for old friends. An old schoolmate, AL, who sees my posts on Facebook, pointed out a key potential implication of Trump’s election that I missed in yesterday’s post: the effect on construction pricing. I expect that Trump’s election will have the effect of materially increasing construction pricing over the next few years, for

Predictions for the Trump economy

Posted this on Facebook this morning, but thought some of you might be interested as well: Predictions re the economy: 1. Trump trades very large tax cuts for large infrastructure and defense spending. Sub-prediction: The infrastructure spending goes to private contractors, not state / local governments, to avoid empowering public employee unions 2. Deficit and

Why things are slow right now

For most businesses, the problem is demand. In other words, they can make an infinite amount of product; the issue is how much they can sell. In our business, interestingly, it’s the total opposite. There is a structural imbalance in LA between the number of apartments (growing slowly) and the number of people who want

Thought you would appreciate seeing some “after” pics on a 16 unit apartment complex we’re just finishing up in Echo Park. Absolutely love the way this one turned out. And will always remember hiring armed guards to accompany me when I went to make a deal with an ax-wielding psycho who lived¬†there when we bought

A bit of inspiration

In light of all the doom and gloom about our country bouncing around during this election season, thought I’d share a story that inspires me every time I think about it. Our gardener in in his 70s. He came here from Mexico a million years ago. He and his company care for the landscaping at

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