I feel that the most important point that Thornberg made is that we need more apartments in Southern California. That will solve the housing crisis.
We need to get the REITs in here and give them the incentives to build quality low-rent apartment complexes for the service workers and lower-paid workforce.
Maybe some of these empty condos downtown would make good apartments once the properties go to auction.
Back to the videos, this prof is great and watching him makes me nostalgic for economics classes back in college. It is awesome to see an inspiring teacher who obviously takes great pride and interest in a topic — his students are lucky.
