"[R]ents in many places — including Los Angeles — have dropped slightly as vacancies have risen, in part because apartment construction has been relatively robust in recent years." latimes.com/california/sto…

@mnolangray Supply and demand at work, but the article sees this as temporary. That so-called mansion tax brings in tax dollars, but it sure is a disincentivize to development and even financing of new supply.

@mnolangray I've noticed this. Both LA and Oakland are underpriced for what I'd get out of them. I've been debating looking for short term leases in both for the second half of the year.

@mnolangray Why do they build apartments of wood?