September 21st – Logjam

What I'm Reading Logjam: The Los Angeles / Long Beach port logjam has enough containers to cross half of the US if laid end-to-end.  Amazingly, the problem is getting worse.  The average wait is currently 8.7 days compared with 6.2 in mid-August, according to L.A.  gCaptain  Respite: The producer price...

December 9th – Balancing Act

One Big Thing California’s eviction moratorium is scheduled to expire in early February.  A new assembly bill is seeking to extend it through the end of 2021. Concurrently another assembly bill is attempting to establish a framework for dispersing rental relief. (h/t Steve Sims) Connect Media  Two comments here:  While I’m...

October 6th – Ridin’ High

What I’m Reading Ridin’ High: While the general election may still not be officially settled, one clear winner has emerged: recreational marijuana.  Ballot measures passed in New Jersey, Arizona, South Dakota and Montana to legalize the adult use and sale of recreational cannabis, while Mississippi and South Dakota (in a separate...

October 27th – Stepping Down

What I’m Reading Stepping Down: One of the cornerstones of former VP Joe Biden’s tax plan is eliminating the inheritance of property at a stepped up basis.  This could have substantial  value implications for commercial real estate – especially if the eventual plan classifies death as an immediately taxable event –...