A Land Advisors Company
Lead Story…. Housing affordability has taken center stage in California of late so I suppose it’s no surprise that rent control is rearing it’s head once again. One potential proposal on the table is an effort to overturn the Costa-Hawkins Rental Housing Act, 20 year old piece of legislation which stipulates that cities can only control […]
Lead Story… One of the reasons that it’s so difficult to maintain a successful investment track record based on a single strategy is that success begets imitators. Oftentimes a manager will find a successful niche and exploit it, only to have that niche vanish once others catch on and flood it with money, making it […]
Lead Story…. In the midst of the Great Recession, delinquencies spiked on all types of consumer debt as unemployment rose and wages stagnated or fell. Then, starting in roughly 2011 delinquencies began to fall on mortgages, car loans and credit card debt as the economy continued its slow but steady recovery. The improvement in consumer credit […]
Lead Story… Back when I first made the jump from commercial real estate finance to residential development finance, I had a view of the way that the housing market worked that was straight out of an economics textbook: namely that interest rates and housing prices have a predictable and consistent economic relationship. In particular, when […]
Lead Story…. There are no shortage of places in the United States that could be considered different, eclectic, or just plain weird. However, when it comes to having a bat-shit crazy populace, Berkeley is clearly in a class all it’s own. Berkeley, of course is as really far to the left politically but one could […]
Lead Story… Really short on time this week so didn’t have a whole lot of time to blog but I did find an interesting tidbit that I wanted to share. A couple of weeks ago, in a post entitled Round We Go, I discussed how a correction in a large capital market (real estate, stocks, […]
Lead Story… Ever since the late 1960s, California has required it’s local governments to adequately plan to meet the housing needs of everyone in the community on a periodical basis. This is a common-sense approach except for the fact that there has historically been no enforcement mechanism for cities and counties that don’t comply with […]
Lead Story…. Quick Programming Note: Your chance to get a lifelong Giants fan (me) to don an Eagles or Patriots jersey and root for one of those teams, while doing just a little bit to end homelessness is quickly running out. For those of you interested in humiliating me for a really good cause, here’s the […]