If you’ve missed some of the prior articles, basic guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com. Continued from Part 34 – Supply: Elastic vs Inelastic There are two different kinds of supply. They are distinguished by how scarcity affects their prices. “Elastic” supply can be increased or decreased…
Last July, we wrote a column regarding the foolishness of Senate Bill 2, a new $75 tax on real estate recordings, ostensibly for the purpose of funding housing programs. We pointed out that imposing a tax on real estate transactions to pay for programs to make housing more affordable is like treating someone with a…
June 28 was the final day to withdraw the misnamed “Affordable Housing Act,” which repeals Costa-Hawkins and opens the door for local legislative bodies to expand rent control and preside over the demise of rental housing, particularly for us small property owners. It is essential that this measure on the November 6 ballot be defeated.…
Hello everybody. With all the recent changes in resident manager law, it is difficult even for us lawyers to keep abreast of them. My column this month will address a number of the 2018 changes and other important aspects of California law pertaining to on-site managers.
Utility costs are rising without any sign of slowing down. Accountability for consumption is now a key responsibility of housing providers to show tenants how their behavior impacts the environment as well as their wallet. Education plays a powerful role in influencing the outcome of tenant consumption behavior. When utilities are not included, accountability can…
Below are open letters from Attorney Michael Millman opposing the Affordable Housing Act. Dear Mayor Garcetti: I’m certain that when you served on the City Council and chaired the Council Housing Committee, you always made certain that important housing legislation was thoroughly examined, reviewed and evaluated by not only tenant rights representatives, but also several…
Q: My tenant moved out, but they left owing me money for back rent and damages. I went to court and got a judgment. Do you have any suggestions on how I can collect the money they owe me on this judgment?A: The simplest way to collect on a judgment is to turn it over…
A version of this article first appeared on March 12, 2018 in the DailyWealth, published by Stansberry & Associates Investment Research, an independent investment research firm. You can visit them at www.stansberryresearch.com. Dr. Steve Sjuggerud is the Founding Editor of DailyWealth and editor of True Wealth, an investment advisory specializing in safe, alternative investments overlooked…
For protection, actual names have been omitted from this article.
In November, Californians will vote on a ballot proposal to repeal the Costa-Hawkins Rental Housing Act, known most commonly as just “Costa-Hawkins.” The statewide law, enacted in 1995, limits rent control to buildings built before February of 1995, and prohibits municipalities from expanding rent control to include “vacancy control.”