Month: July 2018
No Code?
The State of California doesn't have a Code of Ethics..... This article is Part Two of a series arguing for the reinstatement of the Department of Real Estate (DRE)’s code of ethics. If you haven’t already, take a look at Part One, which provides context for the...
Coming When?
Nancy tagged this listing as another example of what you can get if you're willing to leave The Golden State. It comes with the pitch we see a lot these days - 'Contact us for your private showing before this gorgeous home goes LIVE later this week'. Thanks for...
Stealing Homes
Those with a paid-off home are only one signature away from losing it. This former attorney was convicted of a similar fraud, gets out of jail and does it again - but worse. Hat tip to daytrip for sending this in: Authorities have charged a West Hills woman with...
Viva Newport
It seems inevitable that all high-end real estate listings will have to include a video of yuppies toasting their success with Lambos and yachts in the background. List price here is $16,000,000+
Good Advice
CA Tax Migration
Big money is big money - a change in tax rate won't cause rich families to uproot everything and move to an inferior place. What is more likely to cause millionaires to move? "The tax policy changes examined in this report are very modest compared to the life-impact...
It’s Different This Time
Our YoY home sales are in decline, and it makes you think, 'Here we go again". We know that sales are the precursor, and historically prices are the last to go. But with so many different variables this time around, could it actually be different this time? Let's...
Inventory Watch
The pending counts have been dropping precipitously since June 11: NSDCC All: -15% Under-$1,000,000: -29% While a lower number of pendings can be due to more closings from the fat part of the selling season, it not like we're setting any sales records either. The...
Vista Village SOLD
Like the idea of being able to walk to shops and restaurants, plus be close to the freeway without hearing it? This one's for you! A cozy 2br/1ba, 894sf detached house built in 1953 on a 5,088sf lot with a one-car garage! Sold for $410,000.
