Account Closed, obviously not everyone is as enlightened as you are, so I'm happy to see the stupid thread continue, I've learned at least a couple things from it.

See what you can learn, and that might enlighten you as to what sort of price you need to set if you want to fill that unit. 

One familiar reason is NIMBYs ...while it is important that local residents have input on new housing, their resistance to new development is "heightened" especially in coastal California, and it's slowing down the ability of developers to build more housing to alleviate the stress on the limited housing supply. - sourceAnd while the average project approval time for new construction is about four months nationally, it takes eight months on average in L.A.To recap, here are some of the challenges inhibiting development in LA:Getting entitlements for new development is expensive and timelyNIMBYism and the control of local communities over the planning process adds tremendous risk as a project could be stopped due to law suits, lack of approvals, or requirements which make deals unprofitableThe high cost of land and entitlements coupled with a lack of incentives restricts the pool of developers who can afford to developBecause it is so challenging to develop and because we have such a shortage of housing, developers can only make their deals profitable if they target high-end buyers, further contributing to macro-gentriction wherein only the affluent can own homesThat said, it isn't impossible for a developer to develop.

Non-bank mortgage servicers have acquired massive portfolios of mortgage servicing rights, many of which consist of delinquent loans that require a heightened level of service and support.

If anyone knows anything about the program and would like to enlighten me, I'd love to hear. 

Can you guys enlighten me with a breakdown of holding costs?

Maybe I am uniformed and misinformed, haha thanks for enlightening me.

Truly appreciate you taking your time to enlighten me.

Your landlord friend isn't as much "desensitized" as he is "enlightened" to human behavior. 

In this same conversation I enlightened him about the 1031 tax exchanges and he had NO IDEA what I was talking about.