The recent sale of the Brady Bunch house in Studio City is an interesting study in the disconnect that sometimes happens between price and value (at least value as it relates to the market). As stated so eloquently by Warren Buffet, “price is what you pay, value is what you get.” For those old enough … Continue reading Brady Bunch House Sells for $3.5 Million
The term adaptive reuse is defined as “the process of reusing an old site or building for a purpose other than which it was built or designed for” [Wikipedia]. Basically, it is the idea of repurposing an older building for a new or different use, as an alternative to demolition and redevelopment, or perhaps more … Continue reading Adaptive Reuse: A Green Alternative
I’ve befriended a homeless guy. His name is Kenny – a Vietnam vet with family out of state, lived in his own apartment and worked decades for an aerospace company before retiring in 2012. At which time, for reasons that still aren’t quite clear, Kenny became homeless. He currently hangs out on the street by … Continue reading The Face of Homelessness
I stopped at a yard sale and picked up an architectural guide for Los Angeles County (published in 1994) for 25¢. It turned out to be a good inventory of accessible architectural gems, so I browsed online for a more recent edition, and wound up buying the 2003 edition of the same book for thirty … Continue reading Notable Orange County Homes
Tax reform legislation signed into law just before Christmas will have ramifications for virtually every taxpayer. Two features are particularly important with respect to their direct impact on the housing market: limiting deduction of mortgage interest on new loans in excess of $750,000, and deduction of state and local taxes (SALT, including state/local income and … Continue reading Are Home Prices on a Collision Course with Tax Reform?
Talk of a housing bubble is starting to rear its ugly head, as reminders of the last market crash still linger. Media coverage has been extensive over the past several months. In particular, a couple of recent articles in the Orange County Register caught my attention, one by Jonathan Lansner, and another by Jeff Collins. … Continue reading Is There Another Price Bubble on the Horizon?
PACE ia an acronym for Property Assessed Clean Energy, a relatively new and somewhat innovative financing mechanism for energy efficiency, renewable energy and water conservation projects (think insulation, replacement windows and photo-voltaic solar systems as typical examples). While PACE is effectively a loan, it is repaid as an assessment on an owner’s property tax bill, … Continue reading PACE Financing: History and Value Ramifications
James Doti joined the faculty of Chapman University (then Chapman College) in 1974, founded the Anderson Center for Economic Research in 1978.