News

Landmark Links March 21st – Wrong Way

  Lead Story…. As mentioned last week, LA’s Measure S crashed and burned in an epic ballot box beating, with more than 70% of voters opposing it.  While it’s good to see NIMBYs get spanked at the ballot box (they rarely do in California), all this really does is preserve the status quo – and the […]

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Landmark Links March 17th – What’s Going on Here?

  Lead Story… Back in mid-December I noted in a post titled Liftoff that the NAHB Housing Market Index had soared to it’s highest level since 2005 despite steadily rising interest rates.  That post also had a chart from Numbernomics.com that showed how builder confidence had de-coupled from it’s historical relationship with housing starts: I want to […]

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Landmark Links March 14th – Fight For Your Right

  Lead Story…  I guess that this is what getting old feels like.  The Skyrocketing level of student debt is one of the most substantial headwinds facing the US economy in general and the housing market in particular.  More and more young people are living at home after college, unable to afford their own place.  This […]

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Landmark Links March 10th – Misunderstood

  Lead Story… The attitudes of Millennials towards housing are written about endlessly but are chronically misunderstood for a handful of reasons.  Among those reasons are: The Millennial generation is the largest generation in American history.  As such, it is extremely diverse and does not fall neatly into a one-size-fits-all stereotype. Most media outlets are based in and […]

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Landmark Links March 7th – The World Needs Ditch Diggers Too

  Lead Story… Early in the classic American comedy Caddyshack (possibly the finest film ever made, IMHO) protagonist Danny Noonan is caddying for Judge Elihu Smails in order to try to brown nose his way to an inside track for the Bushwood Country Club Caddy Scholarship.  Noonan tells the judge that he wants to attend college but his family […]

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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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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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