There is a very limited inventory of institutional product in Los Angeles, but that hasn't stopped institutional capital from gaining a foothold in the market.
A new report from Apartment List shows that most new people moving to the Los Angeles market are moving for the location first and finding a job when they arrive.
For emerging markets this is a potential very dangerous issue as they have US dollar denominated debt in many cases which they will now have a hard time covering.
Some think that the newly reformed tax laws will cause a flight of high net worth residents out of California, but Paul Wassgren of DLA Piper says that the impact will be minimal.
The US Bureau of Labor Statistics estimates that the number of freelancers, temps, independent contractors and solopreneurs will grow from 30 percent of the workforce today to 40 percent of the total workforce over the next five years.
The MTA's New York City Transit president's “Fast Forward” plan would only temporarily shut down portions of the subway lines while work is underway--not permanently end 24/7 services.