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Category Archive: ‘Builders’

Smart Growth

Those who want to get involved in smart growth/affordable-housing issues can attend the San Diego City council meeting today at 2:00pm.  The City Council members have submitted ideas, summarized here:

  •  Sell or lease government-owned land.
  •  Defer or waive permit/development fees.
  •  Streamline the approval process.
  •  Solicit state and federal funding for affordable housing projects.
  •  Encourage granny flats and smaller houses and lots.
  •  Reduce parking requirements.
  •  Tax rebates for building affordable housing.
  •  Issue specific policy on short-term vacation rentals (Airbnb).

Andrew covers the topic here:

http://www.voiceofsandiego.org/topics/government/city-councils-odd-couple-finds-common-cause-on-housing/

Posted by on Jan 25, 2017 in Builders, Jim's Take on the Market, Local Government, Real Estate Investing, The Future | 2 comments

Carmel Valley New

These new homes range from 3,831 sf to 5,065 sf; priced from the $1,800,000s.  Including the ample exterior living space, these homes are huge – you would need 5-10 people living here for it to make the most sense:

They are also helping to bring attention to Rancho Santa Fe Farms and Rancho Santa Fe Lakes next door.   Here is a professional video of a resale listed on the range $2,995,000 – $3,295,000: https://youtu.be/xesNNfvH6Zc

Posted by on Nov 9, 2016 in Builders, Jim's Take on the Market, The Future, This Is America | 3 comments

Catering to the Wealthy

3-car

A recent trend in home construction points to growing polarization in the market, as more new homes come with three-car garages than ever before.

Twenty-four percent of homes built last year had garages for three or more cars, according to an analysis of Census data by Robert Dietz, chief economist for the National Association of Home Builders. That is up from 16 percent of homes in 2010, and 11 percent in 1992.

But it’s not so much that Americans want larger garages across the board. Instead, Dietz says homebuilders are increasing constructing houses for older, more monied residents, many of whom have teenage drivers and value three-, four-car garage homes.

“We’re seeing a substantial change in the mix of buyers that builders are catering to,” Dietz said. “The key point is that there has been a significant amount of weakness for entry-level, first-time buyers.”

Read full article here:

https://www.washingtonpost.com/news/business/wp/2016/10/27/further-proof-that-home-buying-is-increasingly-for-the-wealthy/

Posted by on Oct 28, 2016 in Builders, Jim's Take on the Market, Market Conditions | 2 comments