Billionaire investor Warren Buffett is putting his longtime California beach house on the market for $11 million.
If it sells anywhere near its asking price, Mr. Buffett will score a decent return: He bought the Laguna Beach home in 1971 for $150,000. Mr. Buffett said he bought the house because his then-wife liked it, without giving a thought to its potential as an investment.
At the time Laguna Beach “wasn’t fully developed,” he said, but since then the area “just took off.” He added that he’s put a considerable amount of money into renovating the home over the years.
The 86-year-old Berkshire Hathaway chairman, who lives primarily in Omaha, Neb., said he used the property for years as a beach house for his family, spending summers and Christmases there. But since his first wife, Susan, died in 2004, he hasn’t spent much time there, which is why he’s putting the home on the market.
Why would Super Bowl champ Deion Sanders want to live in a tiny house? That’s the million-dollar question that inspired us to tune in to the latest episode of “Tiny House Nation,” where hosts John Weisbarth andZack Giffin build the NFL Hall of Famer a 600-square-foot diminutive dwelling of his dreams, then squeeze him in.
“I want to go tiny because I’ve been through huge and humongous and wanting everyone to know that I’m successful, but I’m past that,” Sanders explains on the show. “Now it’s about needs, not wants.”
And he’s clearly serious about downsizing: In 2014, “Neon Deion” sold his 29,000-square-foot mansion and has since been living in a 7,000-square-foot rental in Dallas—with his mother, his sister, various nieces and nephews, and his five kids coming and going, and a number of other family members dropping in for extended stays.
As if these quarters weren’t cramped enough, things got especially dire when Sanders’ long-distance girlfriend of five years, “Extra” host Tracey Edmonds, dropped by to visit from Los Angeles. Apparently, quality private time between the high-flying couple wasn’t easy to come by. Awkward!
So Sanders purchased several acres in remote Cedar Hill, TX. It is here that he hopes that Weisbarth and Giffin will build the tiny house of his dreams.
“I’m a big fan of the show,” Sanders says of “Tiny Home Nation.” “I record every episode.” Can you say superfan?
With typical optimism (or could he be totally starstruck?), Weisbarth sees Sanders’ move from a 29,000-square-foot home to one that’s 7,000 square feet as a positive sign that he can downsize even further, and will feel right at home in the 600-square-foot retreat he and Giffin plan to build for the couple. But once the pair unfurl their lengthy list of must-have features for their tiny house, Giffin squirms. He and Weisbarth can do a lot with a little, but this is probably their biggest challenge yet.
Just how palatial can a tiny house be?
Answer: Very. Check out some of the posh features the power couple demand, and the creative solutions the hosts of “Tiny House Nation” devise to deliver.
The home itself is just 600 square feet, but to accommodate everything the couple want, Giffin adds another 600 square feet of covered porch area to the front of the home, and uses the entire roof as a deck. This effectively triples the amount of usable space. Cheating? Not really.
Edmonds says she needs a dedicated area for yoga that’s protected from the elements, so Giffin devises a place on the roof, covered by a canvas awning that can be ingeniously flipped to meet another of their needs…
When the couple are relaxing, one of their favorite things to do is screen some flicks. So the yoga awning pivots from horizontal to vertical at the push of a button and becomes a movie screen! The projector is cleverly hidden in a drawer that Giffin builds into the chimney.
In the first video, the host says that the cars are included – the helicopter goes with the house too. Anyone who owns a house within a couple of hundred yards of this one should put their house on the market today for slightly less!
A quick search online found several shipping containers available for sale for less than $2,000. Couldn’t a contractor make this his specialty, and produce customized granny flats? House the homeless? Create a commune in the desert?
MIAMI — Real estate agents looking to sell coastal properties usually focus on one thing: how close the home is to the water’s edge. But buyers are increasingly asking instead how far back it is from the waterline. How many feet above sea level? Is it fortified against storm surges? Does it have emergency power and sump pumps?
Rising sea levels are changing the way people think about waterfront real estate. Though demand remains strong and developers continue to build near the water in many coastal cities, homeowners across the nation are slowly growing wary of buying property in areas most vulnerable to the effects of climate change.
A warming planet has already forced a number of industries — coal, oil, agriculture and utilities among them — to account for potential future costs of a changed climate. The real estate industry, particularly along the vulnerable coastlines, is slowly awakening to the need to factor in the risks of catastrophic damage from climate change, including that wrought by rising seas and storm-driven flooding.
But many economists say that this reckoning needs to happen much faster and that home buyers urgently need to be better informed. Some analysts say the economic impact of a collapse in the waterfront property market could surpass that of the bursting dot-com and real estate bubbles of 2000 and 2008.
The fallout would be felt by property owners, developers, real estate lenders and the financial institutions that bundle and resell mortgages.
Maybe you don’t have to worry about where to move – just float around!
Retirement has often been synonymous with quietly living out your golden years in a sunny climate. But for a more adventurous breed of retirees, the end of work life opens a door to a more extreme type of sea change.
The siren’s call of cabin life is beckoning increasing numbers to traverse the globe via the ocean. And, it’s a surprisingly more attractive – and affordable – option than assisted living for some retirees.
The number of people who take cruises is at an all-time high, with 24 million passengers expected to set sail this year worldwide versus 15 million a decade ago, according to the Washington, DC-based Cruise Lines International Association. Half of these cruisers are 50 or older, and, of those, a small number are making the ocean a second home or even their permanent home.
Cruise ships might be an ideal retirement destination, although some things such as healthcare can be tricky. They offer, well, everything. From nightly entertainment to exercise equipment to Internet, most ships are equipped with anything you need to make a place home — including the travel, often a big priority for younger retirees. While no group tracks the number of people choosing this new form of retirement, a handful of cruise lines confirmed that they are seeing more near-year-round cruisers with some frequency.
For some, retirement at sea involves taking over a small stateroom on a standard cruise ship with repeated sailings and itineraries. For others, it means purchasing a “residence” (a high-end apartment at sea) on a luxury ship like The World, which is managed by Florida-based ROW Management Limited, or the yet-to-launch Southern California-based Utopia, both offering exotic destinations and expeditions.
“[These are] people who love to travel, don’t want to be responsible for any type of home maintenance, want to ditch the car, are healthy, and are comfortable living with an ever-changing ‘neighbourhood’,” says Jan Cullinane, Florida-based author of The New Retirement: The Ultimate Guide to the Rest of Your Life.
Yunnie has a fixed set of explanations, good for any result: Home Sales and Prices Surge Despite Rate Increases bit.ly/2lvmLfA
Reviews on Zillow
Jim and Donna are the BEST of the BEST! Their knowledge, professionalism, work ethic, and devotion to their trade are unrivaled. It was refreshing to have worked with a pair of professionals who truly understand the meaning of customer service, a lost art in our opinion. Despite living over 3,000 miles away on the opposite coast, Jim and Donna were with us every step of more "
Jim found me a multi family property that we purchased as an investment (Please see my review of Donna Klinge for details on how it went). But the bottom line is this: I never would have found this property, which cash flows right out of the gate, if it weren't for Jim pointing me toward that house. It just was not on my radar, even though I consider myself a savvy real estate troll. Jim is giving of his time, and his intelligence. And he is also transparent and truthful. And I think he is funny, which is helpful in stressful situations like RE transactions. Jim and Donna have earned every last penny they made from our deal -- and in fact they deserve more. And that is why I will use them for my RE transactions the rest of my life. Thank you, Jim and Donna!
I can't say enough about Jim and Donna. Jim got a great price for us and negotiated well. Donna walked us through escrow, handling vendors, and negotiating everything we asked for in the request for repairs. They are know exactly what they are doing and I've already recommended them to two other people.
I followed Jim's blog for several years and decided to contact him (along with several other realtors) when an out-of-state work relocation required me to sell my home in San Marcos, Ca. At our initially meeting, Jim spent a significant amount of time discussing pricing options, strategy, as well...
Honesty. Integrity. Professionalism. Dedication. Commitment. Jim and Donna Klinge hold these attributes in abundance. They have acted as both our buyer agent and our seller agent delivering highly relevant insight into local market conditions, spot-on advice to maximize the home's value, and unparalleled management of the transaction process...
I cannot imagine a better experience! Jim was our broker when my husband and I bought our first house. Jim never pressured us or glossed over anything. He was patient, knowledgeable, and helped us buy our dream home. His office was detail-oriented, always responsive and we closed in 30 days! The excellent service didn't end when we bought our house, either, the Klinges have given us excellent and fast referrals along the way. We feel privileged to have worked with such a consummate professional and appreciate how rare this level of skill is. Jim is simply the best in the field.
Jim and his team are top flight. He knows the market better than anyone, and his team ensures the deal goes through without a hitch. There's always something at the last minute, but you'd never know it with Jim and his crew. I've bought and sold houses with Jim as my agent over the years, and I wouldn't use anyone else. Save yourself the headaches and potential costly mistakes...
Buying a house is one of the most emotional,exciting, and sometimes confusing milestones you'll reach for in your life! Being a buyer in this market can make it even more interesting! My husband and I have been looking to buy for a year, and when the time came we wanted a realtor team that would be on our team! Being that I'm a business woman and was 7 months pregnant, I wanted, NEEDED, communication, dependability, and consistency! The Klinges went so far above and beyond ...
Jim was recommended to me when I bought my first house here in the US five years ago. He and Donna explained the whole process and it was a great experience to work with them. Not surprisingly, when my company asked me to relocate my first choice was to work with them again...
I have followed Jim's real estate blog for years and by the time I got ready to sell my townhouse I felt I knew him both personally and professionally. At our first meeting he was prepared with recent comps and listings for the area...
"Jim is an absolute pleasure to work with. He tells it like it is and won't let you buy a clunker. He's very knowledgable about the market and you can get a sense of that by following his blog. We couldn't have been happier with our representation during our purchase - which included navigating a ... more "
"Jim and his team are the best! I bought and sold my house with Klinge Realty and if I ever move back to San Diego County, I will definitely be asking ... more "
The links below give you alternatives to accessing bubbleinfo.com and other real estate-related content. The bubbleinfo.com facebook page includes all the bubbleinfo posts. On the twitter account, Jim tweets articles of general real estate interest, preceded by his descriptive comment (you don't have to have a twitter account, or "follow" to read it). The tweets are also displayed in the right-hand column above.
If you prefer to access bubbleinfo.com with your mobile device, the bubbleinfo mobile app for iOS and Android is available for free at their app stores.
If you are only concerned about buying and selling in SD North County and how Jim can help you, stay right here at bubbleinfo - in fact, subscribe so the new posts come to you automatically.