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#299 - Artem Tepler - Co-Founder @ SCHON | TEPLER Partners - Developing Real Estate and Living the American Dream
The Fort - An Entrepreneurship Podcast
The Future of Private Equity
A lot of the problem is a lot of the families we dealt with after what happened during COVID, they're investing across the country. I'd say 80% of institutions, we talked to hate California. They passed the Manchin tax, ULA tax, which is basically used to be half a percent transfer tax. Now it's 6%. So all the institutions just don't want to touch Los Angeles right now up until hopefully that gets repealed. But long term, we're very bullish on LA. We think it's very, if you can add supply, I think it's going to go up more than anything else. It's still a glamorous city like New York that everyone's
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