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Thankfully, no musicians died this week, so let’s acknowledge Top Gun, which came out thirty years ago.  Those of us who are long-time San Diegans remember how popular it was here due to it being filmed locally. The Top Gun house in Oceanside can be seen at the 0.56-minute mark.

In June 2013, Bruckheimer stated that: “For 30 years we’ve been trying to make a sequel and we’re not going to stop. We still want to do it with Tom [Cruise] and Paramount are still interested in making it.

What Tom tells me is that no matter where he goes in the world, people refer to him as Maverick. It’s something he is excited about so as long as he keeps his enthusiasm hopefully we’ll get it made.”

On September 8, 2014, Paramount and Skydance revealed being in negotiations to have Justin Marks write the screenplay. In June 2015, while promoting Terminator Genisys, Skydance CEO David Ellison confirmed Marks was writing the screenplay, with the plot emphasizing “drone technology and fifth generation fighters. It’s really exploring the end of an era of dogfighting and fighter pilots and what that culture is today.” Kilmer posted on his Facebook page that he will be returning as Iceman.

In April 2016, Marks told Creative Screenwriting that Top Gun 2 was a dream project for him, as Top Gun was the first movie he remembered seeing in theaters. “Just researching the Joint Strike Fighters, the F-35, the different notions of where the Navy is today was a very interesting insight and it started to give me ideas of what Top Gun would represent in a current era.”

Posted by on May 25, 2016 in Wednesday Rock Blogging | 0 comments

RV Homes in the Yard


I’m surprised we don’t see more of these!  Hat tip to daytrip!

We know housing is expensive and it’s hard to afford up-and-coming, desirable neighborhoods like Echo Park, but we’re not sure about paying $850 a month to live in a Winnebago motorhome sitting in someone’s backyard.

A Craigslist ad posted over the weekend is offering a “unique rental”: a Winnebago motorhome that’s 215 square feet and advertised as a one bedroom, one bathroom. The $850 price tag seems a bit hefty to us, considering the home is on wheels, and it’s located near Belmont Avenue and Rockwood Street, which is not even in the fun, bustling part of Echo Park. According to the ad, you can get all this:

This motorhome was set to be a guest house, but we decided to rent it out to a student or anyone who needs to be close to DTLA. It is situated in the back parking area of a beautiful, 3 unit Echo Park Apartment house. There are citrus trees all along one side, and the other (entrance side) has a few large potted trees along it. There is off-street parking available in the parking lot next door Mon-Fri for $50, and then street parking on Saturday & Sunday (very easy street parking). The unit has an LP furnace, Ducted A/C, full bathroom with a shower stall, a small bedroom with a queen sized bed, full kitchen, dinette, and linoleum/carpet combo. It’s very nice inside, very well kept. Blue/Beige interior. All utilities and WiFi included. Washer & Dryer on site (laundry room attached to main triplex). Hot tub on site as well. Basement storage also available in addition to rental.

Okay…well, there is a hot tub at least! As for the view, you can look longingly at the beautiful apartment complex from the parking area. And you won’t have to lug your laundry basket to the laundromat since they have a washer and dryer on site. Though, we probably would rather live in the creepy shack up for rent in Griffith Park—at least that one has some character!

While you can live in motorhomes in trailer parks, and it’s legal to live in your car on the streets of Los Angeles, we spoke to Juan Hernandez, a clerk typist at Housing Authority of City of Los Angeles, who told us you’re not allowed to rent out an RV in the parking area of a home. It has to be in a trailer park, he says.

Well, there goes that dream. If you still want to live in Echo Park, as of September, one-bedroom apartments are averaging about $1,610 per month, according to real estate website Zumper. Good luck!

Posted by on May 25, 2016 in Jim's Take on the Market, The Future | 1 comment

Real Estate and Airline Miles


They will still need great agents to produce the best results!

Buying a home will probably be the biggest purchase of your life. Imagine earning airline miles for it.

That idea was the impetus for FlyHomes, an online real estate brokerage and platform that rewards house hunters with airline miles when they purchase a home. Today, the startup is coming out of stealth mode in Seattle, where it has been operating quietly since late last year, and launching a beta version of its product in Boston. FlyHomes plans to expand service to Silicon Valley in early June.

FlyHomes works with Alaska Airlines to provide homebuyers with miles that can then be used with a number of carriers. The startup purchases miles from Alaska at a discounted rate and uses an algorithm to determine how many miles each house is worth. FlyHomes’ goal is to be in the ballpark of one mile per dollar spent on a home.

Read full article here:

Posted by on May 25, 2016 in Jim's Take on the Market, Listing Agent Practices | 4 comments

New-Home Sales Rise

If this sort of good news holds up, look forward to the Fed bumping their rate again. Mortgage rates have come down since the last Fed hike!

From MND:

New home sales surged in April after a disappointing report in March.  The Census Bureau and the Department of Housing and Urban Development said today that sales were at a seasonally adjusted annual rate of 619,000, an increase of 16.6 percent from the previous month and 23.8 percent higher than in April 2015.  That said, it should be noted that this report has a notoriously high margin of error, with this month’s ringing in at 15.4 percent.

Sales in March were also higher than earlier reported.  Last month’s report had those sales down from February by 1.5 percent to a seasonally an annual rate of 511,000.  That number

On a non-seasonally adjusted basis there were 61,000 newly adjusted homes sold during the month.  In March sales totaled 50,000.

At the end of the reporting period there were an estimated 243,000 new homes for sale nationwide.  This is estimated at a 4.7-month supply at the current rate of sales, down from 5.5-months in March.

The median price of a new home sold in April was $321,100 compared to $292,700 a year earlier.  The average sales price was $379,800 compared to $334,700 in April 2015.

The Mortgage Bankers Association, based on the numbers of applications submitted to the mortgage subsidiaries of new home builders, had predicted sales to decline 11 percent from March.  On a non-seasonally adjusted basis they had projected sales at 48,000 units, down from 54,000 units in March.

Sales in the Northeast were up 52.8 percent from March and an astounding 323.1 percent from the previous year. Sales in the Midwest declined by 4.8 percent and 9.1 percent from the two earlier periods.

Sales of new homes in the South rose 15.8 percent from March and 18.1 percent year-over-year.  The West saw sales increase by 18.8 percent month-over-month and 23.6 percent for the year.

Posted by on May 24, 2016 in Builders, Interest Rates/Loan Limits, Jim's Take on the Market | 1 comment