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 –...