Evicted Tenant Charged With Arson in Apartment Building Fire By Patricia A Harris

  According to reports, Portland police have charged an evicted tenant with felony arson, criminal mischief and misdemeanor reckless endangerment in a fire that destroyed an apartment building.   The Tenant 30-year old Garret Repp of Portland, had trouble written all over him. Some described him as psychotic while residents of the building reported that…

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What’s Happening With Southern California’s Housing Market? By Lloyd Segal, President of the Los Angeles County Real Estate Investors Association

This article contains excerpts from Monday Morning Quarterback, May 8, 2023   L.A. City Council Approves Aggressive Plans for More Housing The Los Angeles City Council voted 13-0 [in May] to approve new development plans allowing up to 135,000 new homes in Hollywood and downtown L.A. over the next two decades. Lawmakers cheered the passage…

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Making Sure All of Your Bank Accounts Are Fully Insured by Gary D. Halbert

With the high-profile failures of Silicon Valley Bank and Signature Bank in New York earlier this [year], many large investors are now concerned about their money parked at US banks, especially those with more than $250,000 at any one financial institution. As you know, the Federal Deposit Insurance Corporation (FDIC) insures deposits at most banks – up to $250,000.…

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California Lawmakers Want to Know Why Billions in Spending Isn’t Reducing Homelessness By CalMatters

In summary:  At the direction of a bipartisan group of state lawmakers, the state auditor will complete a detailed audit of spending on California homelessness programs. The number of unhoused has grown, even as spending has increased The state has spent billions of dollars on homelessness in recent years. So why is the crisis getting…

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Something to Think About #129: Andrew Carnegie, Part 2 by Klarise Yahya, Commercial Mortgage Broker, BRE: 00957107, MLO: 249261

  Andrew and his family had freshly arrived in the United States and the young Carnegie was eager to work. He took his first job at age 13 when an industrial textile weaver offered him employment as a bobbin-boy. Weaving was something Andrew knew a little about, in that his father had supported the family…

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Senate Bill 466 is Another Attack on Property Rights – By Gideon Kramer, SPOSFI News Editor

  Despite valiant efforts by rental housing providers statewide, including tens of thousands of emails and phone calls, the Senate Judiciary Committee has approved various amendments to SB 466. The bill now advances to the Senate floor and possibly onto the Assembly for further review. What is SB 466? SB 466 would eliminate many of the…

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A Parade Of Lies From The Tax-Loving League Of California Cities By: Jon Coupal, President of Howard Jarvis Taxpayers Association

We’ve seen this before. Whenever taxpayers qualify an initiative for the statewide ballot that brings fiscal sanity to a fiscally insane California, local government interests respond with unhinged hysteria, claiming that empowering voters to approve tax and fee increases will bring about the end of Western Civilization. Well, cue the theatrics because here we are…

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