It's going to be a long night in Bonsall.... Day Two starts out quiet, and with no wind:
Lilac Fire
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Year: 2017
Two Condos in Village
Back when this property had two old houses on it, I sold it for: $400,000 in 1999, then $725,000 in 2000, and $825,000 in 2003. The current owner paid $1,575,000 in 2014, and it took this long to deliver two new condos - buy one or both! P.S. Two of my three...
Shiller On Tax Reform
Shiller is sticking with the irrational exuberance that plays into housing decisions - and I agree: The co-creator of the much-watched S&P/Case-Shiller home price index doesn't think the mortgage interest deduction really matters to the housing market. "It's not...
Tax Reform – Unintended Consequences?
Reader Tim sent this in: Jim/All – do you have any thoughts on unintended consequences of the tax bills (as constituted)? You think there could be an impact from eliminating interest deduction on equity withdrawals with regard to the cash buyer market? Also wondering...
Cash Sales
For those who might have seen this article and worried about competing with cash buyers, there hasn't been much difference around here lately. NSDCC Detached-Home Sales, Jan-Nov Year Number of Cash Sales Percentage of Total Sales, Jan - Nov 2013 754 25% 2014 674 26%...
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,...
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!...
San Diego is Equity Rich
The share of equity-rich properties rose to a new high—26 percent of homeowners with a mortgage in the third quarter, according to ATTOM Data Solutions’ Q3 2017 U.S. Home Equity & Underwater Report. In the third quarter, there were more than 14 million U.S....
Before and After
A few photos of the original condition, and our follow-up: LINK to realtor.com listing.
Five Out of 8 Years
As long as the House and Senate can agree, it appears that the tax reform bill will include the existing tax incentives for home buyers (M.I.D. and property-tax deduction up to $10,000). The N.A.R. and C.A.R. aren't happy though, and are still fighting the fight....
