ray mathoda

I’m glad to see the government is finally using 2 “smart” tools – capital and risk sharing –  to help address the financial institution panic and resulting failures we have seen since earlier in 2008 which have seriously escalated the financial and economic crisis facing the US and global economies today. While these tools don’t comprehensively address the myriad of financial and economic issues facing the US or the world today, they:

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The Mumbai “terrorist” attacks are a clear message to President Elect Obama, us, and the rest of the world. The problems of the world aren’t just economic….they are equally urgent, social and extend deeply into our homes and places of worship.

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I am a strong believer that civil rights issues should be resolved through the legal (not political) process and feel it is only a matter of time until the US Supreme Court strikes all the discrimination that has been “constitutionalized” during the last 8 Bush years on the issue of gay marriage (sadly, fully 30 states now “ban” gay marriage via their constitutions).  I was feeling like a naive optimist after a conversation over brunch this past weekend, where a (clearly very smart) lawyer made a strong argument that the US Supreme court wouldn’t do what I say it will…at least not for the next 20 years!

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I just read this great article from this weekend’s LA Times describing the reporter’s experience purchasing a foreclosed home. I have seen/heard many similar stories from my business partner Avantika, a top performing realtor in LA who has bid on and sold several foreclosed properties recently….so thought I’d post this article. Call or email her (av@avantika.com) if you want to ask a question, buy/sell a home, or know someone who is buying or selling and could use a top notch real estate agent….in Los Angeles. ray

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There has been a constant ‘inflation’ in real estate construction costs over the past few years driven by the usual suspects: high commodity prices and a tight labor/talent market (with high demand for construction labor driving labor costs higher and higher over time).

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On May 15th, 2008 the California Supreme Court made a historic decision. They ruled that it was a violation of the equal protection clause of the California Constitution to not afford gay couples the right to marry – almost exactly the same ruling they had made in 1948 on inter-racial marriage (which was at the time not allowed in California). Between June 16th (the day gay wedding licenses started being issued) and November 4th, approximately 18,000 couples got married in California. (more…)

A lot of people around me, especially those focused on buying real estate as an investment in this historically challenging real estate market, are obsessed with when US home prices will “bottom out”. I believe people sometimes focus on finding the lowest home price at the expense of other equally important economic factors such as the cost of construction/”fixing the place” and financing costs…both of which are at historic lows right now, and thought I’d share some of the latest news/information relevant to this topic: (more…)