We got a behind the scenes look at the thought process behind #10 Alabama moving up ahead of and switching places with #9 Notre Dame after last week’s games:
We have pulled back massively in Los Angeles. This article is accurate, but not close to comprehensive. A few other issues driving the free fall in new construction:
- population shrinking does not inspire confidence (and its shrinking because people are voting with their feet)
- DWP is perhaps the most problematic utility monopoly in the country. They are adding millions of dollars and brutal delays to the cost of projects and display very little willingness to improve. I continue to be shocked at their behavior. Every developer I know has a DWP horror story equal to the number of projects they’ve built. Check out recent post by @otter401
- city council continues to chip away at property rights, and the frequency of new and proposed legislation is challenging to underwrite, but more so feels like an accelerating assault on housing providers who continue to lose private property protections. There is a breaking point.
- updating building code almost annually, triggering new, costly requirements with little benefit to the end user , and a certain rise in construction and compliance cost.
- on site building inspection regime is brutal. Not unusual to wait a week on a construction site for an inspector, and requesting overtime brings a new inspector who may request new corrections to Items that were done in accordance with the wishes of the previous inspector. This compounds exponentially as there are so many different types of inspections and specialty inspectors
- regular implementation memos that alter the city’s interpretation of their own regs. ED-1 rug pulling to RED1 was a great example, and vesting rights are meaningless
- many more issues