edited by Jodi Summers Looking at Forbes’ billionaire statistics country-by-country, you’ll be satisfied to know that the United States boasts 29 real estate billionaires > more than any other individual nation. China has the second highest number of the property-rich at 21, followed closely by Hong Kong, with 18 real estate billionaires. We siphoned through […]

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 […]

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, […]

estate-must-sell-probate

by Jodi Summers If the cliché “He who dies with the most toys wins,” then the Baby Boomers are winners. This generation has succeeded in acquiring wealth and building portfolios. But with the spoils of victory comes responsibility – how are they going to share the wealth upon their demise? What happens to the assets […]

by Jodi Summers According to the U.S. regulations of property law, property must at all times be transferable. This is problematic when somebody dies and there’s no one around to sign off on the asset transfer. Any property allocation that requires the signature of the decedent or ward must go through probate. The essential purpose […]