1. The Mayor Bass-China-Land 'grab'.
I have this theory that Mayor Bass of LA is slow-balling the reconstruction permits....mostly on the word by her Chinese support....at some point, people will give up and easily sell....then Chinese 'cash' will float in and ten-thousand properties are bought over a 6-month period.
The reason? Mostly speculation.....that they can hold the property for a year or so....then massive interest will arrive (for a profit).
I also believe within this theory....the re-sell idea will never take off, and the city of LA will be forced to use the court system to seize the China-owned property when they can't pay the property tax.
2. Complicated matters should always mandate a plan 'B' situation.
I have the theory that 90 percent of people....if in a complicated situation....will never imagine a plan 'B'.
The other 10-percent of folks? They always seem stoic in nature....never worried.
3. The lack of insurance problem in rebuilding LA.
Eventually when some guys get their permit, and go to the bank for the loan to rebuild.....the bank is going to say....how has fire protection improved for insurance purposes.
The banks (roughly 99-percent of them) will refuse to provide a mortgage situation...then you find....to get the deal....the insurance company wants $20k a year. So you pause...reflect, and give up.
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