Victor Davis Hanson - California, like 3rd World states, suffers from a "predictably corrupt government, unequal or nonexistent applicability of the law, two rather than three classes (no middle class), and the return of medieval diseases." His full article from National Review is linked in this recent tweet.
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Okay, our client's 3-bedroom, 908 sqft fixer on a 2800 sqft corner lot in East Hermosa doesn't look like much now but we are currently in escrow and the buyers will, as indicated, fix it up for lease. A 2nd story would offer some nice sweeping city views, we think.