News

Landmark Links March 3rd – Deep Impact

  Lead Story… The first step in solving a problem is admitting there is a problem to begin with.  If you are in the residential real estate development industry in California and/or a regular reader of this blog, you are likely well aware that California has a massive problem with high development impact fees that make it […]

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Landmark Links February 28th – Did I Do That?

  Lead Story… “An honest politician is one who, when he is bought, will stay bought.” – Simon Cameron “In politics, absurdity is not a handicap.” – Napoleon Bonaparte Recent years have not been good for the state of California when it comes to housing affordability.  The ever-upward trajectory of prices, fees and regulations are […]

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HOW HOUSING COSTS AFFECT INTEREST RATES

Pretty much any adult with a rudimentary degree of financial knowledge is aware of the impact that interest rates have on housing. Lower rates make monthly payments cheaper and higher rates make monthly payments more expensive on a relative basis. Since nearly all homes are financed, rates impact buyer demand and prices rise and fall […]

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Landmark Links February 24th – Boom

  Lead Story… American households have deleveraged since the Great Recession began in 2008.  Outstanding debt for nearly all consumer and household segments is lower than it was in 2008 with few exceptions (automobile debt has increased). In fact, household debt as a whole is 1% lower across the board today that it was in 2008. There is, […]

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Landmark Links February 21st – As Stupid Does

  Lead Story… I am often reminded that perception can be at least as important as reality if not more so.  This occurred to me over the weekend as I was reading an article from Laura Kusisto of the Wall Street Journal entitled Los Angeles Looks to Ban Major Real-Estate Development. The article is about the backlash against a […]

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Landmark Links February 17th – Boring

  Lead Story… I’ve been completely slammed this week so not a whole lot of extra time to write the blog.  That being said, I found this article from Bloomberg about billionaire Elon Musk taking matters into his own hands when it comes to infrastructure in general and tunnel digging in particular due to LA’s horrific traffic […]

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Landmark Links February 14th – What a Drag

  Lead Story… Pretty much any adult with a rudimentary degree of financial knowledge is aware of the impact that interest rates have on housing.  Lower rates make monthly payments cheaper and higher rates make monthly payments more expensive on a relative basis. Since nearly all homes are financed, rates impact buyer demand and prices rise and […]

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Landmark Links February 10th – Surprise?

  Lead Story…. The cost of housing – both renting and buying – has been on a steep upward trajectory in recent years as more and more young people gravitate towards cities.  At the same time, members of the Millennial generation are saddled with ever-larger student debt loads and are making substantially less money than their […]

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Landmark Links February 7th – Garbage In, Garbage Out

  Lead Story… Like most Americans, I spent my Sunday afternoon and evening transfixed to a television as the Patriots completed the most epic single game comeback of all time.  I’m still in a bit of disbelief about what actually transpired but the shocking overtime ending certainly added to the bonafides of both Tom Brady and Bill Belichick […]

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Landmark Links February 3rd – Hey Ladies

  Lead Story…. Not a ton of commentary for today but I found this piece about women and home ownership from Bloomberg’s Mary Pilon absolutely fascinating (emphasis mine): The news and research about women and money can be dreary. Women earn less than their male counterparts, pay harsher workplace penalties for pursuing parenthood, struggle more […]

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