David Friedberg

Yes, I'm at my LA home.

A.K.A.

Yeah, it's available on Airbnb.

So I'm here in L.A.

But yeah, Rick Caruso, what a great speaker.

What do you attribute that to or what did they attribute it to?

Yeah, I mean, Ted Cerrone has explained exactly how aggressive New York is being, the UK is being, Atlanta.

I mean, so many different hubs for movies giving much better deals than Los Angeles is.

And regulations are such a big part of this.

It's uneconomic.

You can't make it work.

Well, there's also speed, right, Thomas?

How quickly can you stand something up?

How much paperwork do you have to file?

James Beard Foundation, I'm seeing here from the research, has found that all these independent restaurant owners said they just can't get staff here in Los Angeles.

It's just hard for people to live here.

And it's hard to get through the regulations.

And if you make it hard, there are other options for people.

This idea that California has a lock on anything other than incredible weather and beautiful people is farcical.

There's a lot of beautiful people in other places with decent weather, and you can go do your projections there.