Gary Acosta’s Weekly Blog

Featuring Gary’s take on the economy, politics, sports and Latino culture

Gary Acosta is an entrepreneur, public policy advocate, investor, and thought leader passionate about advancing prosperity for Latinos and other underserved communities. As an industry leader, he protects and improves the business environment required to close the wealth gap, particularly via homeownership. Amongst other endeavors, he is Co-Founder & CEO of NAHREP, the country’s leading Hispanic business organization, and Co-Founder of L’ATTITUDE, the preeminent platform for Latino economic empowerment. Acosta is also a general partner of L’ATTITUDE Ventures, the nation’s largest venture capital fund exclusively focused on Latino-led start-ups. Join Gary as he dives into today’s issues through many creative formats.

Sign up for Gary's Weekly Blog
Never Miss an Episode
Listen to the latest blog

Housing Inventory

I spent the last few days with housing experts and found there is a consensus that the biggest current challenge to homeownership is housing inventory. While most of the attention regarding homeownership opportunity is typically focused on identifying demand solutions, housing supply is the primary barrier today. The housing crisis of 2008 crippled the homebuilding…

Read more

Zoë Saldaña launches start-up

Actress Zoë Saldaña (Guardians of the Galaxy) has launched a media company called BeSe. The company will focus on “cultural storytelling” targeting millennial and Gen Z audiences. A lot has been said about the lack of diversity in Hollywood, but I always say people will resist change until not changing affects their livelihood. The emergence of…

Read more

AAU basketball

I spent the last three weeks watching the best high school basketball players in the country compete in tournaments in SoCal and Las Vegas. I also heard a lot of negative things about the growing influence of AAU basketball. The scuttlebutt is that AAU basketball has replaced high school basketball in terms of its relevance…

Read more

SNL fans mourn Spicer resignation

To nobody’s surprise, Sean Spicer resigned last week as WH Press Secretary. The move came on the heels of the appointment of Anthony Scaramucci as WH Communications Director. Spicer was known for his combative temperament and knack for making false, and sometimes outrageous, statements to the press corps. Sean Spicer was not a very good…

Read more

Mark Zuckerberg for President

The more I learn about Mark Zuckerberg, the more I like him. Last Sunday, while I was driving home to San Diego from Los Angeles, I decided to listen to Zuckerberg on Facebook live, filmed in his backyard while he was cooking some BBQ for friends. He was talking about everything from Artificial Intelligence (he…

Read more

Earl Watson at NAHREP

Earl Watson was honored with the Roberto Clemente Award by UnidosUS last month at their annual convention. Watson, whose mother is Mexican, is the head coach of the Phoenix Suns and the first Latino head coach in NBA history. The evening he was honored, I tweeted about him and mentioned that my son plays for…

Read more

Actor Esai Morales

Two years ago, Esai Morales was a speaker at the NAHREP convention in Chicago, courtesy of my friend Raul Espinoza at Bay Equity Home Loans. Esai flew in on a red-eye flight the night before our event because he had also committed to an industry event in LA the evening before. He arrived at the…

Read more

The next Jennifer Lopez

The next Latina TV superstar might be from the NAHREP family. NAHREP National Director David Acosta’s talented daughter, Allegra, is starring in a new Marvel Comics series on Hulu this fall. The series is about a group of kids who find out their parents are part of an evil crime organization. Last week the cast…

Read more

Hispanic Homeownership Gap

Freddie Mac recently released a study on Hispanic homeownership titled, “Will the Hispanic Homeownership Gap Persist?”. The study aimed to forecast how Hispanic homeownership rates would fare over time. Currently, about 46 percent of Hispanic households are owner-households as compared to 68 percent for non-Hispanic White households. Freddie Mac looked at age, income, educational data…

Read more

OJ Simpson

OJ Simpson was granted parole last Thursday and will be released from prison as early as October 1st. This is another amazing development in a seminal story that has captivated public interest for more than two decades. OJ was my hero in the seventies. I even wore number 32 for my middle school athletic teams…

Read more

CAA Study on Diversity

CAA, the powerful entertainment agency, released a study last month researching the impact that diverse casting has on the financial performance of films. The results were compelling. “One of the interesting things that the most successful movies share is that they’re broadly appealing to diverse audiences,” said Christy Haubegger, leader of CAA’s multicultural development group,…

Read more

John McCain

The political world was stunned with the revelation that John McCain has brain cancer. McCain’s cancer is the same type that took the life of Senator Ted Kennedy in 2009. Doctors successfully removed the tumor last week, but the prognosis seems harsh with a low survival rate. Regardless of your political preferences, Senator McCain has…

Read more

Donald Trump, Jr.

The news was dominated this past week by the release of emails that showed Donald Trump, Jr. participated in at least one meeting with people alleging to represent the Russian government and who represented themselves as supporters of Trump’s campaign for President. The news does not help the credibility of the Administration that has denied…

Read more

Zillow Instant Offers

After years of denying that they have any intention of displacing real estate agents, some agent groups and attorneys believe, Instant Offers®, is the smoking gun that shows Zillow’s true intent. Instant Offers essentially gives would-be home sellers the opportunity to solicit offers directly from buyers (mostly investors), thus circumventing agents from at least part…

Read more

NCLR Changes their name

The National Council of La Raza announced at their annual convention in Arizona that they will now be known as UnidosUS. NCLR, as they were formerly known, is the nation’s largest civil rights organization for Hispanic Americans. In a press release, the organization’s president, Janet Murguia, said that the new name is designed in part…

Read more

The next Lebron…

Last week I mentioned that this year’s NBA draft is widely considered one of the most talent rich in years however, many basketball experts say if the 6’11” Marvin Bagley III and 6’8″ Zion Williamson, both rising seniors at Sierra Canyon High School in Los Angeles and Spartanburg Day School in South Carolina were eligible…

Read more

NBA Salary Cap

Last week, Steph Curry agreed to a 5 year, $201M contract – the richest in NBA history. Lebron James saluted Curry by stating that the two-time MVP and world champion deserved twice as much. He also criticized the NBA salary cap by pointing out how much the Warriors franchise has increased in value during Curry’s…

Read more