If I were a local politician, I'd like to preserve either the M.I.D. or the state and local taxes - or at least include the property-tax deduction up to $10,000 - and compromise on the other changes Use the slogan, "If California tanks, the whole country tanks!
Year: 2017
Bubble Talk
Excerpted from MND: Someone must have passed a law; if it is November, you must publish something debunking bubbles. The saturation point is near, but the latest contribution, from Freddie Mac's Chief Economist Sean Becketti, provides a better (and much longer)...
Smart City
This is a fantastic idea for retirees who don't need to worry about traveling to work every day - a futuristic city out in the boondocks! Sun City in Phoenix was the first 55+ retirement community built in the country, and when in opened in 1960, it was way out of...
Inventory Watch
Our 39 new pendings this past week was the lowest count since January 9th, even though the inventory increased in every category! The tax-reform talk and the Qualcomm takeover may have caused buyers to pause - but the politicians should water down their tax proposal...
Encinitas Agrihood
The one big proponent of marijuana farming in Encinitas has pulled back that plan, and instead is proposing a re-zoning so he can build out an 'agrihood'. But there are people who don't like that idea either - from the UT: LINK
Veteran’s Day Salute
Thank you veterans for your service, and sacrifice - here's an example: Today, veterans can get a free meal at these restaurants: https://www.thebalance.com/veterans-day-free-meals-1357348
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:...
Rancho Bernardo New
I was moving quickly so here are still photos to compliment:
Tax Reform – Senate Version
We're breathing again - the Senate's version of tax reform doesn't change the mortgage-interest deduction, leaving the cap at $1,000,000: The mortgage interest deduction stays. The current mortgage interest deduction rules remain intact in the Senate plan: Americans...
Peak Millennial
We are still six years from peak housing demand for the biggest age cohort ever: today's 26-year olds. Will we have enough homes in their price range? Will there be enough trickle-up effect to help fuel the higher-end markets?