Santa Monica

“So bought it for 2.1, went down in value. I put about five, let's say five, 600,000 dollars into it. So now maybe I'm into it for two, seven, but I also lived there for a long time and enjoyed it. Got a lot of tax write offs, a lot of I have good memories. It …”

“And the house within six months after I bought it was probably worth about one and a half million dollars, which is an outsized hit. So it went from 2.1 to one and a half. I lost 600,000 dollars.”

“It was the house that I had in Santa Monica. I bought it in 2008. I bought it one minute before the market crashed. I paid two one for a dump of a house. I put a bunch of money down because I was being conservative. And, you know, six months later, it was wort…”

“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…”

“If they're just a person that came from, you know, Downtown Los Angeles that wants Santa Monica or downtown Los Angeles that wants the Valley. It's just it's not a fit. It's generally speaking. So there's a lower probability of closing.”

“We ended up selling the house at, you know, north of six million dollars, but in Santa Monica.”

“I bought it for 2.1. I would put like seven or 800,000 dollars in it through the market crash. I bought it for 2.1. In six months, it was worth 1.6. You know, that was my entire down payment. Yeah. You know, flushed. So I still put the money in it, you know, I…”