California real estate is broken… but LA might’ve just figured it out: Life With Mikey Episode 39 with Michael Michael Michalov

In this episode of Life With Mikey, Mikey Taylor and Michael Michalov break down California’s affordable housing crisis — and why now might be the greatest time to invest in real estate in LA. They explore the deep misconceptions around "affordable housing," why so many investors get it wrong, and how new policies like ED1 are reshaping the future of development.

From California’s $1.1M starter homes to Section 8 incentives, this conversation dives into how the free market, deregulation, and smart incentives are unlocking new opportunities for both residents and investors.

▶ Topics Covered:

• Why “affordable housing” doesn’t mean the projects
• The real reason housing is unaffordable in California
• What Texas, Arizona, and Idaho did differently
• How LA’s ED1 directive is changing the game
• The myth of Section 8 damage and risk
• Why investors might actually earn more in affordable housing
• What the Builders Remedy means for California cities
• Whether the next generation will ever afford to buy a home

💰 Fund VI – Now Open: Join Mikey and Michael’s latest 100% affordable housing investment fund. Check it out here: https://communecapital.investnext.com/portal/offerings/7757/