They’re back! And they’re at it again. They, meaning Governor Kate Brown, Margot Black and their troglodytes in Salem and Portland. A troglodyte is loosely defined as “a person who lives in a cave or a person who is regarded as being deliberately ignorant.” (Oxford Dictionary of English). Knowing state/local government and those that trodRead more
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Since passage of the Trump tax bill, we have written at length about the effect we believe this was likely to have from a demographic standpoint. To quote again from Arthur Laffer and Stephen Moore’s WSJ article of 4/24/2018 So Long, California, Sayonara, New York, “In the years to come, millions of people, thousands ofRead more
Robert S. Smith If Pacific Northwest income property owners have any remaining doubt regarding Delaware Statutory Trust properties, all they need do is turn to the Wall Street Journal. On Monday, January 6th, it ran an article entitled “The Housing Shortage in Profile.” This article profiles Oregon’s “land-use rules (which) have been dysfunctional for decades.Read more
December 19, 2019 As the side of U-Haul vans running up and down the I-5 corridor proclaim, “I Bet You didn’t Know” that for the 12th year in a row Utah is ranked number one in terms of growth in the United States. It is closely followed by Florida, Texas and Idaho (all red states). Read more
December 5, 2019 As Left Coast city governments continue to careen down the path of progressive destruction; rent control, defenestration of landlord property rights, toleration of vagrancy and encouragement of drug use, it’s not too late for rental property owners to pick up sticks and turn to Delaware Statutory Trusts, where suitable. If no-tax FloridaRead more
September 4, 2019 Get (the hell) out of Dodge is a reference to Dodge City, Kansas, which was a favorite location for westerns in the early to mid-20th century. It was immortalized in pop culture by the iconic TV show “Gunsmoke.” More specifically it means to leave or depart from a place with marked urgency.Read more
October 9, 2019 Urbanization has gone terribly wrong up and down the West Coast. Seattle, Portland, San Francisco and Los Angeles all suffer from the blight of homelessness and the detritus of human waste, drug paraphernalia, rodent infestations and communicable diseases (think rats and typhus) this brings in its wake. All these cities have madeRead more
September 19, 2019 We have been beating the drum longer and harder than anyone else regarding the need for Portland landlords to sell their rental properties and “get the hell out of Dodge” with DSTs. This is because tougher rent control laws passed at the state and local levels would inevitably have a negative impactRead more
September 12, 2019 With President Trump banging the podium, calling the Fed “boneheads” and demanding “zero or less” interest rates and Alan Greenspan (yes, he’s still alive) opining that negative interest rates wouldn’t be a bad thing for the U.S. economy, investors must wonder whether or not the ‘fix’ is in. The Fed’s benchmark overnightRead more
As our trade war with China deepens, U.S. stock markets haven’t made any real progress in 18 months and everywhere you look economic data is worse than it was last year at this time, real estate investors have to be asking themselves, what to do, what to do? The fear out there is palpable andRead more