On November 2, 2008 (which was Diwali, an important national festival in India), I officially decided to "double down" into the real estate market as an entrepreneur. I have wanted to be an entrepreneur for a long time (I even studied Entrepreneurship as an MBA student at Northwestern University in the late 1990's), and decided if I was ever going to "take the plunge", the time was now.

I saw and continue to see tremendous opportunity for impact and value creation in the real estate market and am inspired by the immensity of the opportunities in front of us. In the weeks and months since the decision was made, I have co-founded a company we have called "HausAngeles".

Here is a link to our first newsletter for 2009....which introduces the company:

http://www.hausangeles.com/newsletters/HA_011909.html

The US Presidential Inauguration is this coming Tuesday…and it couldn’t come soon enough. It is clear that the problems facing the US and the world at large are very serious and we need vigorious action oriented leadership with the public’s confidence at the helm in this country ASAP.

So as we approach the Inauguration, and in light of President Elect Obama having invited gay bishop Gene Robinson to lead prayers at Sunday celebrations leading upto the Inauguration, I’m reconsidering my stand on whether I’m tuning into this historic occasion.

I still believe the selection of Rick Warren for the invocation at the inauguration was a poor one, in light of the major recent loss the LGBT community has suffered in California with the passage of Proposition 8 (and generally during the last 8 years with similar constitutional amendments having been passed in 30 states). But I am also practical enough to realize 2 things:

1.The LBGT community is hardly likely to part with the Democrats in favor of the Republican party anyone soon given the continuing strong influence of social conservatives over the Republican agenda and party. The Obama team clearly understood this and so from their standpoint and given their objectives, selecting Warren was likely seen as a relatively risk free method of bringing more political support to the table.
2.The country and the world has more pressing issues to be addressed right now, and we have to prioritize and pick our battles. In fact, the country (and President Elect Obama) need every capable individual on the ground pulling their weight and trying to drive the country forward in the right direction

So I decided I do want to participate in history….and am now planning to tune in.

I think all of us need to give our new President a chance to make an impact before judging him. In fact, some judgment errors are to be expected as the team moves forward and makes decisions. I would even go as far as to say if we don't see some (hopefully small) mistakes, it is a signal that our President and his team are not making decisions quickly enough.

What is the #1 worry that most Americans have when they get laid off? I believe it is that they might lose the roof over their and their families’ heads in a worst case scenario (i.e., if they are unable to find adequate alternate sources of income).



Now imagine if the government of this country was able to promise all of its lawful citizens this: “No matter what, you and your family will always have a roof over your head. We know we are in the middle of the greatest economic downturn since the 1930’s and we also know that there has been overbuilding in the housing sector. We have put these two realities together to make a unique promise to all Americans today so that you may feel secure and confident about their family’s safety.”



Do you think the above promise would help the nation stabilize (and possibly even start an economic recovery)? I believe it might because it addresses the very heart of the problem in America today: a lack of confidence in our future and a deep worry (almost and actually a panic in many people) about what this future will bring.



Now, I am not one who believes that every American can and should own a home (even though I do strongly believe in the societal and familial benefits of home ownership). Nor do I believe that we should subsidize home ownership for current home owners any more than we would subsidize it for new homeowners. But we do have plenty of housing available in America today….and the government can and should do more to help those Americans who suddenly find themselves in an economically precarious situation.



The US government already provides rent subsidy at varying levels to the lowest income in our society…primarily through the Section 8 and public housing programs (Disclosure: I am on the Board of the Los Angeles Public Housing Authority, which owns/administers both programs in Los Angeles). So why not expand this concept to stabilize our families in a manner that is sensible, fair and proactive? This might just be the type of bold action we need given the times we are experiencing currently.