Why Building a Crosswalk in LA Is Kafkaesque | Odd Lots

By Bloomberg Podcasts

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Bill McBride did not just predict the 2008 housing bubble, he helped invent financial blogging with his Calculated Risk newsletter. Zach Lasry, meanwhile, is much newer to the scene, but in his career as a real estate developer, he is already responsible for building one of LA's hottest new neighborhoods — Melrose Hill. We spoke to both of them at our live show at the Vermont Hollywood, for a wide-ranging panel discussion on LA real estate. We talk about the difficulty of sourcing construction components, the Kafkaesque process of getting a crosswalk built in LA, and how self-driving cars might help reshape the city and solve its longstanding issues with parking. Chapters: 00:00:00 - Introduction to Bill McBride and Zach Lasry 00:01:13 - Zach Lasry's Vision for Real Estate Development 00:02:26 - LA's Independent Business Culture vs. New York 00:05:04 - Curating Tenants: The A24 Approach to Commercial Real Estate 00:06:52 - Zoning, Regulation, and the Housing Crisis in Californi

Tags: Joe Weisenthal, Tracy Alloway

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