California Gov. Gavin Newsom has a world of political ambitions. But problem No. 1 with that ambition is California’s homelessness crisis. An opponent need only show images of Sacramento’s, San Francisco’s, and Los Angeles’ streets, which are overrun with homeless…
There were 195 fires in homeless encampments in Oakland, California, over two years that ended in March. In April, someone died in a fire sparked by the toxic-stew squalor in the area known as Wood Street. There are frequent fires…
For many readers, the above title will conjure up memories of the 2008 housing crash caused by the proliferation of subprime mortgages and the subsequent tsunami of defaults. But a better corollary for the coming Biden bust is the Carter…
Thursday A few observations for you, my dear friends. We have just had some golden, uniquely perfect moments in the world of investing. The federal government drastically lowered interest rates to fight the negative effects of the COVID-19 pandemic. We…
One can improve one’s lot in life even in troubled times.
“We can end homelessness in the State of California,” California Gov. Gavin Newsom declared Monday. It’s a goal Newsom shares with President Joe Biden, despite Democrats’ inability to curb homelessness by throwing money at it. Their solution? Throw more money…
The housing shortage in the USA is a function of so many market distortions, perversions, delusions, and convulsions that there’s little real left in real estate. It’s pointless to even start with the common stats — we’ll get to some in due…
Sacramento Now that California finally is loosening its COVID restrictions, the state is back to dealing with one of its longest-running crises: the state’s persistent housing shortages. The housing market has overheated throughout most of the country, but the median…
President Trump’s Rose Garden speech July 14 included a small aside about reversing the Orwellian-named “Affirmatively Furthering Fair Housing” (AFFH) regulation put in place by Obama that would be expanded should Joe Biden win the presidency. This small regulation will…