Neither is a realtor selling a house in Beverly Hills.

CRA essentially says to banks: "If you wish to maintain your right to build handsome bricks-and-mortar banks in Beverly Hills, you must also lend in South Central [Los Angeles]."

A 75 year old lady in Beverly Hills qualify for a grant of $5,000 major repair program (http://www.lacdc.org/programs/community-development-block-grant) because last week she needs a wheelchair according to her doctor, she can have ramps installed and renovate her $3M house owned free and clear with her $1M in the bank.

I had someone just today that was furious that I turned her and her Beverly Hillbillies family down for a rental.

Here's why:I'm currently involved with a lot of purchasing and selling in Inglewood, and I'm based out of Beverly Hills.

To keep us going so we can focus on rebuilds.Another way to think of it... if someone handed me $2M in cash right now, would I be eager to buy a house in Beverly Hills that cash flows less than $1000/month?

Hypothetically, I own a house in Beverly Hills, I want to relocate in Florida, my house in Beverly Hills is worth 10M, in FL you offer me a huge house worth 1M, say they have the same features, now, IF I sell a house at BH and buy your house at 900k cash, or lets just say I buy it at 1M, how would you address my 9M surplus?

I'm in Tampa and had never met anyone who lived in Beverly Hills Fl.

California is the place you ought to be, so they loaded up the truck and moved to Beverly!"

It has almost been a Beverly Hillbillies/rags to riches story.