I took his extension course through UCSD last year on how to convert multi-family units to condos. It was a 1-day seminar, and it cost me $100. The room had 300 people. I don’t know how many times he taught that class.
He started the course talking about his background in Economics, and then his foray into RE. His first personal conversion was +- 200 units in La Mesa in the 80s. He now has a firm that does just conversions. His son came on board last year.
He is a really nice guy. He has a wealth of information, and he personally returned any emails I wrote him.
BUT, he is really savvy, and he does have a vested interest in saying the market is ok.
Lastly, I agree with Bugs. What Gin is saying is just the most positive way of putting it. Of course, we all know better, and see the data for what it really is.
