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The high cost of housing in Los Angeles is impacting employee recruitment and retention, especially in healthcare, hospitality and professional and technical services industries.
OZs may be better than 1031 exchanges as they eliminate the capital gain in full, while exchanges only defer the gain, by reducing the basis of the new property.
New lenders are continuing to enter the market, especially in the bridge lending space, and the competition will mean good things for borrowers in the fourth quarter and beyond.