California housing and lending news from government sources and major publications, updated every day, with Power Moves from Eric Lawrence Frazier, MBA.
Power Moves: The reported sale of this Dana Point resort is a reminder to keep a specific transaction in its own market segment. My take: a luxury-hotel headline should prompt better questions,…
Read the story →Power Moves: Someone looked at empty desert and saw a business: a place where guests fall asleep in a yacht and wake up to a mountain view. That is the lesson. The…
Read the story →Power Moves: The city and county reached an agreement in principle that gives the city control over who is placed in city shelters and housing. Good. Accountability needs one owner. Now measure…
Read the story →Power Moves: Homes are sitting for months, and sellers are cutting prices and helping buyers close. Prices are falling. So what? If this is what you were waiting for, act now. If…
Read the story →Power Moves: A family traded a five-bedroom suburban house for a smaller Craftsman bungalow with an ADU in a walkable neighborhood. That is what deciding looks like: they chose how they want…
Read the story →Power Moves: A Beverly Hills estate is listed at $70 million, the same price it sold for in 2014. My take: at every price point, a listing price is only a number…
Read the story →Power Moves: California has a new law allowing portable solar, and the open question is what it means for renters. My take: renters, read your lease and ask your landlord in writing.…
Read the story →Power Moves: A proposed 514-unit tower at 1000 N. La Brea would set aside 128 units at affordable rents, if the City Council approves it. Approve it. Supply is what brings prices…
Read the story →Power Moves: L.A. County's cheapest apartments are aging, and local governments must choose between preserving them to keep rents down and encouraging upgrades. My take: encourage the upgrades and build more. Freezing…
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