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Category Archive: ‘Local Flavor’

Bel Air Fire

Another fire broke out this morning near the 405 freeway in Bel Air, and it reminded me of the Big One in 1961 when 484 homes were lost.  As a result of this fire, the City of Los Angeles was able to initiate a series of fire safety policies and several laws, including the outlawing of wood shake/shingle roofs.

My Dad sold roofing materials at the time, and his company gave him a copy of this film – and I used to take it to school during fire season:

http://www.lafdmuseum.org/bel-air-fire

https://la.curbed.com/2017/12/6/16742976/bel-air-fire-history-brentwood-nixon

Posted by on Dec 6, 2017 in About the author, Jim's Take on the Market, Local Flavor | 3 comments

Holiday Events

Events Calendar for December 2017!

The year 2017 is officially winding down! (Where did it go?!!) There are so many activities and holiday events throughout San Diego but here are some great ones to check out – once you get all of your holiday shopping done of course!

Balboa Park

How the Grinch Stole Christmas – https://www.theoldglobe.org – Dec. 5-24

Carlsbad

Holidays at Legoland – Nov. 18-Jan. 1

Festival of Trees and Silent Auction – Park Hyatt Aviara – Nov. 24-Dec. 27

Coronado

Skating by the Sea – https://hoteldel.com/activities/skating/ – Now-Jan. 1

Holidays at the Del – https://hoteldel.com/holidays-at-the-del/ – to Jan. 1

Del Mar 

Holiday Celebration – Dec. 6 / 5-7:30pm

Red Nose Run – Dec. 15 / 1-4pm

Downtown/Gaslamp

Holiday Pet Parade – Dec. 10 / 1-5pm

Encinitas

San Diego Botanic Garden – Dec. 2-23 and 26-30 / 5-9pm

Oceanside

Parade of Lights – Dec. 9th / 7-9pm

Pacific Beach

San Diego Santa Run 5K and 1 Mile Race – Dec. 9 / 8:30am-1pm

Mission Bay Christmas Boat Parade of Lights – Dec. 9th / 6-9pm

Point Loma

The Holiday Stroll on Canon Street – Canon and Rosecrans – Dec 9th / 1-4pm

San Diego

San Diego Bay Parade of LightsDec. 10&17  5pm

San Diego Holiday Half Marathon – Dec. 16 / 5am-Noon

Enjoy your holidays everyone!

Posted by on Dec 5, 2017 in About Kayla, Jim's Take on the Market, Local Flavor, Trendy Tuesday | 4 comments

San Diego’s October Report

This company surveys real estate agents every month around the country – here is the October report from San Diego realtors:

Low inventory is the constant theme, but there are 5,157, houses and condos for sale in the county currently.  Maybe we just need to get better at correcting the reasons why those aren’t selling, and boom, we’d have instant inventory!

Price-wise, I would disagree with the 16.7 time-to-sell index. Prices are at least as good as they were in May, and instead of 3-6 buyers for every house, we’re down to one or two. You only need one!

When is the best time to sell? When everyone else isn’t!

https://barclays.qualtrics.com/CP/File.php?F=F_1XQQPvQoRlyFy6N

Posted by on Nov 15, 2017 in Jim's Take on the Market, Local Flavor, Market Conditions | 1 comment

San Diego #1 for Rents

Even if the tax reform includes fewer incentives for buying, the rising rents should still help to power sales – and San Diego was #1 in the country for our 5% increase year-over-year!

http://www.mortgagenewsdaily.com/11082017_housing_affordability.asp

An excerpt:

Most of the 20 largest core-based statistical areas had rent increases, but those with limited new construction and strong local economies tend to have low rental vacancy rates and stronger rent growth.

The largest rate of growth was in San Diego, while Phoenix experienced 4.3 percent year-over-year rent growth, driven by employment growth more than double the national growth at 2.8 percent year over year.  In contrast, Houston, which has been hit with energy-related job losses since early 2015, saw rents decline by 0.9 percent year-over-year (pre-hurricane) and Miami was also down. Seattle’s skyrocketing rents, and rents in other cities that experienced strong but less exuberant gains, saw growth moderating significantly.

But at first glance, renters are getting off easy when compared to those shopping for new homes and loans. Andrew LePage says that while home prices have risen about 6 percent over the past year, recent homebuyers have taken on mortgage payments that have risen closer to 10 percent.

Read More

Posted by on Nov 10, 2017 in Jim's Take on the Market, Local Flavor, Mortgage News | 2 comments

Qualcomm Takeover

The takeover of Qualcomm has been announced – once it goes through, expect that more employees will decide that not selling their house is a good idea:

Broadcom Ltd. is considering a bid of more than $100 billion for Qualcomm Inc., according to people familiar with the matter, in what would be the biggest-ever takeover of a chipmaker.

Broadcom is speaking to advisers about the potential deal, said the people, who asked not to be identified because talks are private. The offer of about $70 a share would include cash and stock and is likely to be made in the coming days, the people said. A final decision on whether to proceed has not been made, they said.

Broadcom Chief Executive Officer Hock Tan is a voracious acquirer, and he’s played a key role in a wave of consolidation engulfing the $300 billion semiconductor industry over the last three years. Broadcom, created in 2016 when Avago Technologies Ltd. acquired Broadcom Corp. for $37 billion, has built itself from a former Hewlett Packard division into one of the largest chipmakers via a string of purchases. Tan has said he wants more deals, a strategy that could be limited by opposition from U.S. regulators.

Broadcom, a major supplier of iPhone parts that counts Apple among its largest customers, said this week it will return its headquarters to the U.S. from Singapore. The company already lists San Jose, California, as a corporate co-headquarters.

Qualcomm finds itself in a weakened state. A legal battle with Apple is costing revenue and jeopardizing a business model that for years made Qualcomm one of the most successful chipmakers. Before today, its shares had slumped 16 percent this year, compared with a 41 percent surge in the Philadelphia Semiconductor Index.

A change of management at Qualcomm might help resolve the dispute with Apple more quickly, and thereby make Qualcomm’s licensing and chip businesses more valuable, according to Sanford C. Bernstein & Co. analyst Stacy Rasgon. Earlier this week, Qualcomm executives said the legal process would “proceed under the court’s schedule,” indicating no resolution soon.

“Maybe they have a better relationship with Apple, maybe they settle,” Rasgon said.

At issue between Qualcomm and Apple are licensing fees the chipmaker charges for patents that cover the basics of how mobile phone systems work. Apple contends Qualcomm is unfairly charging too much and illegally taking advantage of its market position in chips. Qualcomm has countered that Apple, one of its largest customers, has lied to regulators in an unfair attempt to bully its opponent into charging less.

Qualcomm, based in San Diego, is also confronting headwinds in closing its $47 billion purchase of NXP Semiconductors NV. The deal is facing regulatory scrutiny in Europe and opposition from some shareholders including activist hedge fund firm Elliott Management Corp., which has argued the offer undervalues NXP.

LINK

Posted by on Nov 3, 2017 in Jim's Take on the Market, Local Flavor | 15 comments

Kayla’s Trendy Tuesday

Kayla’s Trendy Tuesday – Happy All Hallow’s Eve!

Before we get into this fun festive holiday, I just want to give a shoutout to all the victims of the New York City accident and hope the residents of this incredible city know that they are in our thoughts and prayers.

Last day of October – can you believe it?! So crazy. Where did 2017 go? I’m not really sure but one thing is for sure – I’ve been working on my winter bod all year so I’m stoked to be putting my shorts away and bringing out those thick cable-knit sweaters! WOOHOO!

For those that have little ones, you are probably getting ready in the next few hours to go trick-or-treating! There are some great neighborhoods in the area! What I’ve learned over the years (obviously I’m talking YEARS ago back when I was 50 lbs), the best places to go hunting for candy are the tract neighborhoods – more families participating (#morecandy) and the houses that are closer together (#MORECANDY)!

When my sister and I were younger (late 90s), we would switch it up between Old La Costa and Terramar – both in Carlsbad. I will never forget this guy that lived in Terramar that always had the craziest haunted house. Every year was different – my personal favorite was when he turned his whole house into a haunted pirate ship. He claimed to do the whole thing himself but I swear there had to been some helpers – that thing was MASSIVE!

Now with so many newer homes, there are even more neighborhoods to explore! Bressi Ranch gets really into it and that neighborhood has a lot of families so I’m sure those decorations will be on point! Carmel Valley also has great tracts where the homes are closer together so you’ll definitely get a few pillow cases worth of candy!

But always remember there might be some crazies out there so keep those little ones close! You never know if some silly kid will be playing tricks on people. Hope everyone has a very happy and safe Halloween evening!

We will see you in November!

KK

Posted by on Oct 31, 2017 in About Kayla, Local Flavor, Trendy Tuesday | 3 comments