News

Landmark Links May 21st – Blocked

Must Read: California State Senator Scott Weiner wrote SB 50 in an aim to increase home building near mass transit.  It was one of the better and more ambitious plans to spur much-needed new construction in the state, in large part by directing growth toward urban areas.  In a sign of division within California’s Democratic […]

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Landmark Links May 17th – Playing Both Sides

Lead Story: In the run-up to WeWork going public, the co-working giant has faced conflict of interest critiques over CEO Adam Neumann buying buildings and then leasing them back to WeWork.  Not content to deal with that (more than potential) conflict, WeWork has now decided to go all in and create a new investment vehicle […]

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Landmark Links May 14th – Up to Their Eyeballs

Must Read: Millennials tend to get married later and rent longer than previous generations, meaning that they often have less of a need to borrow (at least excluding student debt and credit cards).  However, housing affordability is reaching a tipping point and a handful of opportunistic boutique lenders are now extending credit  – with rates […]

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Landmark Links May 10th – Rush for the Exits

Must Read: We’ve noted for a while that there is a strong trend of blue-collar workers leaving coastal California because they can either no longer afford to work here or need to commute for hours each way.  Now wealthy people are getting into the act as well.  The NY Times ran a feature story this week […]

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Landmark Links May 7th – Writing on the Wall

Must Read: Chronically under-supplied Southern California is on the verge of getting hit with a tidal wave of 2.76 million potential buyers and renters in the next 10 years as Millennials begin to turn 33 (the median age of a first time home-buyer in the west).  That’s the equivalent of 276k adults a year needing a […]

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Landmark Links May 3rd – Moderation

Must Read: ULI’s Center for Capital Markets and Real Estate sees market fundamentals remaining positive throughout 2019 but moderating over the following three years. Economy Luck of the Draw: Graduating college during a recession can have negative economic and socioeconomic impacts that last for decades. Dove Trap?  The Federal Reserve appears to be prepared to hold […]

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