Beautiful Lincoln (3)

by Jodi Summers Murals, sculptures and landscaping are all ways for a neighborhood to forge a collective identity, stimulate learning, instill a sense of pride and invites business. Thank you to the Santa Monica grass roots movement, Beautify Lincoln, giving vibrancy to the long-dreary LiNC. Since 2012, this team of volunteer artists have painted murals […]

money-into-property

by Jodi Summers Capital Expenditures and Operating Expenditures are accounted differently. Capital Expenditures are one-shot improvements that are recouped over time. Routine Repairs is regular maintenance done to a property, which are paid for out of the annual operating expenditures budget. Let’s look at each in more details… CAPITAL EXPENDITURES Capital Expenditures are generally defined […]

freeze rent control 1978

by Jodi Summers Didja hear? The general adjustment in Santa Monica was .4%. That means, all landlords with rent control properties in the city by the sea can raise their rents 4¢ for every $10.00 in rent…meaning a rent rate of $1,500 goes to $1,506. Not bad if you’re a tenant, reason to buy elsewhere […]

New Multifamily Construction

by Jodi Summers Here are some statistics that don’t make Los Angeles proud…our City of the Angels has got the biggest disconnect between incomes and rents of anywhere in the country. Granted, we’ve made an effort. Between 1980 and 2010, Los Angeles County built the most out of any California county in the years. Despite […]

made the move

by Jodi Summers Article after article, research report after research report reveals the same conclusion: Los Angeles is now the most unaffordable rental market in the country. Let’s look at the one by researchers from the UCLA Luskin School of Public Affairs, which reached this conclusion based on an analysis of key factors. One revelation […]

money-into-property

edited by Jodi Summers Home ownership in necessary for wealth creation. Owning is better than renting because, over time, the net worth of homeowners significantly outpaces that of renters. Researchers at the Joint Center for Housing Studies at Harvard University recently analyzed the reasons why the net worth of homeowners has outclassed that of renters, […]