All Forum Posts by: Francis A.

 I've lived in NYC and Los Angeles for significant amount of times. 
Choosing to live somewhere can be a choice. It's not always a choice but it can be.

This is an actual searchable title - "There are 6 ways to get from Glendale to Santa Monica Pier by train, subway, tram, bus, taxi, car or towncar"

I used to get my kicks in San Diego. From the Chula Vista all the way to the gas lamp district. San Diego is very livable as you say but there are certain amenities that San Diego simply cannot match Los Angeles for. Again, it comes down to choice.  Chicago and a few other cities in the mid west are great and can be almost as expensive too. It's all mostly a choice to be redundant. 

These paragraphs caught my attention:

"The environmental climate of Southern Ca is attractive for the homeless. Near the coast it rarely freezes or rarely breaks 90 in the summer. Environment climate wise there likely is no state better for homeless."

When I made my first visit to the beach at Santa Monica and saw how the homeless lived (on the beach) with access to showers (again on the beach), I literally flashed back to all those homeless people I would see in NYC freezing in the winters,  trying to warm themselves on the subway grated vents.  I know quite a few of them lost their lives.  Ditto in a few other mid west big cities.

"The political climate of Southern Ca is attractive for the homeless. Food banks, homeless shelters, allowing people to live in their vehicles on the public streets (San Diego city allows people to live in their vehicle on any public street). Policy wise there are few states as accommodating of the homeless as Ca.

Why would a homeless person choose to live elsewhere? Not an easy problem to solve but it does explain part of why there are so many homeless in Ca (many and large homeless camps - there used to be a very large homeless camp by Angel stadium, not sure if it is still there, smaller encampments are everywhere)."

I didn't think about this but you hear this over and over and over again. If you're in real estate in any shape form or fashion this thought has had to cross your mind at least once. If we just did nothing and allowed our neighbors to dangle in the wind, how long would it take till that plight arrived at our door steps.  One day, some genius will wave a wand (Re: Years of thinking and planning) to permanently solve this problem. 

This is an actual title I saw recently. I saved it to read at a later date. Maybe the time is now...

"Here's how Finland solved its homelessness problem"

I've lived in NYC and Los Angeles for very significant amount of times. I've spent quite a bit of going back and forth from the mid west too.
Choosing to live somewhere can be a choice. It's not always a choice but it can be.

This is an actual searchable title - "There are 6 ways to get from Glendale to Santa Monica Pier by train, subway, tram, bus, taxi, car or towncar"

I used to get my kicks in San Diego. From the Chula Vista all the way to the gas lamp district. San Diego is overall, very livable as you say but there are certain amenities that San Diego simply cannot match Los Angeles for. Again, it comes down to choice.  Chicago and a few other cities in the mid west are great and can be almost as expensive too. It's all mostly a choice to be redundant. Believe it or not, these are "fancy" problems we're talking about (without sounding glib about this subject matter).

 To be fair, trying to compare poverty is like saying, "hey, my illness is worse than yours". 

Yes, California's economy is ranked 5th in the world. One State, so yes to have poverty here is a tough thing.

That being said, poverty is a multifaceted complex complex problem. Should you help, should you not help, who helps?... and on and on.

I don't think there is one way to attack the different ways people fall into poverty.

That being said...

Most of you might never have heard of this developer by the name of - Rick Caruso.  ( caruso -dot-com )

He is fantastic as what he does. I'm amazed at how he built his business from the ground up. He blends residential and retail beautifully.

Here is the title of a talk he gave at his alma mater - USC. 

He touches on poverty and what he thinks can be done by a leader who is determined to do something about it.  

Google this title and give it a listen when you can. I think it starts around the 30 minute mark. Very interesting points.

Lewis Horne who runs CBRE also touches on poverty as ("one half of 1% of our population"). 

"Billionaire Rick Caruso & Lewis Horne: Becoming A Real Estate Developer and Advice (2018)"

@Michael T.

I definitely not a complainer. Glass will always be half full as a matter of principle.

I also know first hand about the expense of NY which I believe is higher than California on the average.

And by "California" and "NY", we should clarify that we're primarily talking about the major urban centers.

There are some really nice places in the rural parts of both states that I wouldn't mind having a home.

I'm mostly interesting in this news because you almost always read about how folks are moving away as opposed to moving here. And yet somehow, the 405 freeway AKA the busiest freeway in the nation keeps expanding... 

Go figure.

There has been a lot of talk of people moving out of California. To this effect, the Los Angeles Times has an article that goes by the subject "High taxes be damned, the rich keep moving to California". Has anyone read this yet? 

(I didn't want to run afoul of the BP rules and so I did not post the link.)

https://www.cnbc.com/video/2017/12/20/tax-plan-keeps-mortgage-interest-property-tax-deductions.html

https://www.cnbc.com/video/2017/12/20/tax-plan-keeps-mortgage-interest-property-tax-deductions.html

http://www.latimes.com/local/california/la-me-lopez-stockton-20171231-story.html

https://www.marketwatch.com/story/why-trump-should...

@Brandon Turner

@Allison Leung

Hi Brandon and Allison,

Can I propose a webinar topic for this looming new modification of our tax bill?

It's going to be a hot topic either way.

What say you?

Thanks and happy investing!