Last month Los Angeles’ so called Mansion Tax went into effect. This tax, supported by 57% of voters was intended to help the city’s problem with homelessness. Instead, this tax is likely to crush sales of properties worth over $5M, and devastate transactions in properties over $10M. While this transfer of wealth is called the...Read More
Workers move for a lot of different reasons. Some are looking for a better paying job, others are looking for more affordable housing and still others are just looking for less depressing weather. But the truth is, when people move in search of something better, they usually bring better with them, usually in the form...Read More
Most people, when they think back to the Great Financial Crisis, they think of excess. Excesses in leverage, lackadaisical analysis of credit and a glut of housing. And yes, that was what led to the financial crisis, but in the wake of the FC, a fascinating thing occurred. Banks worked hard to fix their loan...Read More
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