California

“In California nowadays, you can add an ADU. So if you have a, you know, large enough lot. You can add an edu to it. And then again, now that you can add a junior ad.”

“The city, the state is going to continue to receive this funding from the government, if not from the local, but from the federal, they're always going back and forth with it. What are you going to do? So I don't see the money drying up necessarily.”

“Now, the governor and the state are coming down on them, and they're not providing dollars, state dollars, to these municipalities if they don't update their arena update their housing elements. And they're in fact suing them in the court, the state AG, if the…”

“Our SB-Eleven-Twenty-Three which allows for 10 homes even on an R-One site or other multi-family sites. By right, ministerial. Ministerial means you don't have to go through any planning you don't have to go through any political type of process. You don't hav…”

“I believe that you and most people involved in real estate investments whether it's office storage, multifamily across all the spectrums of the different investment vehicles, they're fearful of the entitlements and especially fearful in the state of California…”

“They just passed an ordinance, I think it was last week, AB- one-thirty. AB- one-thirty gets rid of, removes CEQA completely. One does not even have to go through CEQA permitting or the CEQA clearance at all for projects that are market rate and under 85 feet …”

“California next year will probably become the third largest economy, overtaking Germany.”

“We were, I think, the fastest growing brewery in California, and then we ended up selling our business in Miller Coors.”

“And in California, along with New York and New Jersey, they don't follow the federal rule, so that's a federal tax benefit only, which is significant, but you'll still have to pay state taxes in those particular states.”