I live in L.A. and love L.A., and you couldn't drag me out of there kicking and screaming.
I thought that I would have a huge literary novel coming out when I was, like, 29. I quit my banking job, and I was halfway through my second novel - and I will never publish it, because it's very mediocre.
Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors' costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general.
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