The Iced Coffee Hour Housing Expert: Do Not Buy A Home Until You’ve Watched This! | Jason Oppenheim
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Sep 22, 2025 Jason Oppenheim, founder of the Oppenheim Group and a seasoned expert in Los Angeles real estate, shares invaluable insights on buying and investing in the current market. He discusses the unique challenges in LA, from policy impacts like the mansion tax to the growing issues of homelessness and crime. Jason argues that now may not be the time to buy, recommending renting instead. Plus, he dives into the future of AI, its potential to reshape employment, and practical tips for navigating the complexities of real estate investment.
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Real Estate Pain Is Recent, Not Bubble
- Jason Oppenheim argues the last three years were historically bad for real estate due to high interest rates and low volume.
- He says national prices aren’t in a bubble despite local city weakness in places like LA and New York.
Policy, Not Density, Drove City Declines
- Jason pins city declines on policy choices rather than density or geography.
- He cites draconian COVID rules and permissive jail releases as drivers of LA's population shifts and problems.
Mansion Tax Backfired Economically
- The LA mansion tax created large friction and collapsed luxury sales above $5M.
- UCLA found it raised far less than promised and reduced overall taxable activity.