Greatly agree with other sentiments that your PM is playing it safe / lazy. 

I wonder if there may be some loophole that'll allow a person to prove that as an experienced flipper who did the math that it wasn't speculation.Also an increase in rent control kinda stinks but I understand the sentiment behind wanting to control how much people pay for housing.

From an investment standpoint, I view the share price, like any other publicly traded equity, as mostly influenced by investor sentiment. 

Of course, you can't expect all sellers to share this sentiment, but some will.

I echo Rhett’s sentiments that we’re in for a bumpy ride either way.

Next week, we’ll have a better reading on how consumers fared in February alongside fresh readings on the California housing market and California Housing Sentiment.

This sentiment might hold water if it weren’t impacting other countries.

As for capital raising, it is coming up on more of my calls, but general sentiment seems to be that changing long term goals over a 3-6 month slow down is short sighted. 

"It's hard to make predictions, especially about the future" - Yogi Berra I agree with the predominant sentiment that while we can try to take away lessons from the last recession, this time will likely have a different impact and will require a different approach to weather the storms. 

It feeds on itself the negative sentiment.