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.