THE FINANCIAL COMMUTE
Hosted by Wealth Advisor Chris Galeski, THE FINANCIAL COMMUTE is a weekly podcast that gives the rundown on what's going on in the current market, how it affects you, and what you can do about it – all designed to fit into your commute. Each week Chris welcomes an expert guest, including Morton Wealth advisors, fund managers, and investment analysts, to break down complex financial topics. Our goal for this podcast is to provide you with the tools to help you navigate this challenging environment, leading to a path of more confident investing.
THE FINANCIAL COMMUTE
California Real Estate with Mikey Taylor
In this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Mikey Taylor, President of Commune Capital, to discuss California real estate.
Here are some key takeaways from their conversation:
- Mikey discusses the difficulties of real estate development in California due to heavy regulation and entitlement challenges but points out that these barriers create less competition and more opportunities for growth in property values.
- They highlight the housing crisis in California, exacerbated by a lack of construction post-financial crisis. Even though there has been a significant hike in interest rates, California real estate prices continue to rise (more so than other states) because of the severe shortage of housing supply.
- Mikey explains Commune Capital’s unique fundraising approach through social media platforms like TikTok and Instagram, constituting a major part of their capital. He emphasizes the importance of financial education and his passion for spreading knowledge through social media.
- Finally, Mikey touches on his role on the Thousand Oaks City Council, where he uses his real estate experience to address challenges imposed by state-level regulations.