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Why Building a Crosswalk in LA Is Kafkaesque

Bloomberg Technology Monday 28 September 2026, 08:05 UTC 1 min read
Key Points

Bill McBride did not just predict the 2008 housing bubble, he helped invent financial blogging with his Calculated Risk newsletter. Zach Lasry, meanwhile, is much newer to the scene, but in his career as a real estate developer, he is already responsible for building one of LA's hottest new neighborhoods — Melrose Hill. We spoke to both of them at our live show at the Vermont Hollywood, for a wide-ranging panel discussion on LA real estate.

Bill McBride did not just predict the 2008 housing bubble, he helped invent financial blogging with his Calculated Risk newsletter. Zach Lasry, meanwhile, is much newer to the scene, but in his career as a real estate developer, he is already responsible for building one of LA's hottest new neighborhoods — Melrose Hill. We spoke to both of them at our live show at the Vermont Hollywood, for a wide-ranging panel discussion on LA real estate. We talk about the difficulty of sourcing construction components, the Kafkaesque process of getting a crosswalk built in LA, and how self-driving cars might help reshape the city and solve its longstanding issues with parking. (Source: Bloomberg)
LA (LOCATION) Kafkaesque Bill McBride (PERSON) Calculated Risk (ORG) Zach Lasry (PERSON) Melrose Hill (LOCATION) the Vermont Hollywood (LOCATION) Bloomberg (PERSON)
Originally published by Bloomberg Technology Read original →

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