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Santa Monica Dirt

The Dirt on Capital Gains

President Biden is set to work on the next phase of his economic agenda — a sprawling collection of programs that would invest in infrastructure, education, carbon-reduction and working parents. These infrastructure proposals are likely to require trillions of dollars in new tax revenue aimed at large corporations and high-income individuals. While Economists on both sides of the aisle are pleading their cases for,… Continue Reading The Dirt on Capital Gains

Supercharged Dirt

A few years ago Tesla announced a plan to start building a V3 Supercharger station located at 1401 Santa Monica Boulevard. With a whopping 62 charging stalls, this would have been the largest V3 Supercharger facility in the world. The current largest all-V3 Supercharging station is located at Firebaugh, California at 56 stalls. On March 3rd, the Santa Monica Planning Commission finally approved the project… Continue Reading Supercharged Dirt

$30 Million La Mesa Dr. Dirt

The grass is always greener on the other side of the fence. So much so it caused a Seagram heir and his wife to move just across the street and into a whopping $30 million dollar La Mesa drive estate after renting on the south side of the same street for the last four years. The Bronfmans’ new estate was never publicly offered for… Continue Reading $30 Million La Mesa Dr. Dirt

The Dirt Zone

Loyal readers of my blog will remember my last post about an illegal rent hike here in Santa Monica. You would have to live in a bubble not to know about the housing crisis in America, especially in light of the pandemic. According to municipal and county leaders, more than 1.3 million homes need to be built in the next decade to address the… Continue Reading The Dirt Zone

The Dirt on an Illegal Rent Hike

It hasn’t been easy for anyone during the pandemic, and certainly isn’t helping an already strained relationship between renters and their landlords. Santa Monica is taking aim at landlords who are accused of skirting special protections for renters that have been enacted because of the coronavirus pandemic. The city announced last Friday that it charged the owners of an apartment building on Euclid St.… Continue Reading The Dirt on an Illegal Rent Hike

The Dirt on How Money Walks

Because so many real estate agents read most every issue of Santa Monica Dirt, I want to start with a message to them: Please turn Showing Time off in your MLS settings for any listing that you control (where you are LA1). You will be helping our industry and if you would like to know why I feel this way or if you follow… Continue Reading The Dirt on How Money Walks

The Dirt On The Promenade Vitality Plan

Have you been to the Promenade lately? I went a couple weeks ago, mid-Saturday, and was saddened seeing all the closures. Obviously, the pandemic has been merciless on restaurants and businesses, owners and employees. I couldn’t help but wonder whether all the closures are simply a result of Covid or was this inevitable as a result of the shift away from brick and motor… Continue Reading The Dirt On The Promenade Vitality Plan

The Dirt On The Eviction Moratorium

California state lawmakers on Monday introduced a bill to extend the partial eviction moratorium through June 30, which would give qualifying renters five more months of protection while using federal money to pay off up to 80% of most tenants’ unpaid rent, according to an agreement. The bill would carve out a plan to divide $2.6 billion in federal aid quickly among renters and… Continue Reading The Dirt On The Eviction Moratorium

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