This is the best part about income RE, esp for high tax state residents. Buy local rental real estate. Let depreciation shield a vast majority of the income stream from both state and fed tax. Think of the rental income like an almost tax free dividend.
Then, you die. Your kids get the property, but since their cost basis gets stepped up to mkt value at the time of your death, there is no depreciation recapture tax to be paid.
Blammo.
I can guarantee you guys I am the most upright guy on forum. 
Besides, I said SoCal, not UCLA specifically, and never mentioned college aged or whatnot.
I am in my early 40s.
Then you can’t kid him 
He is older than you 
Come on, English, please… I can take it like a man…
BD coming up soon… if I am a Dragon baby that I profess to be, that would mean 1964.
Hey man, you grew up in Chinatown right? You know this phrase if someone said it to you - it is “Ham Sup Lo” in Canto
Or said in a more polite way…Uncle Goldfish 
DOM.
That’s slightly different from “Salty Wet Man”. Uncle Goldfish only likes little girls. SW Man has a somewhat broader taste.
SW man…haha…
Absolutely, but I quit Chinese school after, what, 2 years? Mom was cool with it since I was focusing on English school. I just can’t 100% read Chinese, but if you spoke to me in Canto I should get the jest of what you said. Again, I will leave the Chinese language expertise to my wifey (4 dialects fluently).
Just an observation - my mandarin is way better than my canto, but I found CCSF offers classes in Canto. I took them all as an adult. Really nice way to continue learning, and for tiny cost. As well, I conned my mandarin-only spouse into taking the classes with me, and it was really fun to listen to a mandarin speaker struggle with canto.
风流
IOh man thats harsh! I was trying to be a bit more complimentary 
So sad… was a charming young fellow once upon a time 
That dude is iconic in the world of SW men on TV 
