OK, now this gentrification stuff has gone too far. Hat tip Laker Joe! Gentrification has accomplished what eluded city bureaucrats for decades. Oceanside’s Main Attraction, North County’s only remaining topless club, is going away. A five-story 308-unit, apartment...
Month: October 2018
Growing Inventory
For those looking for our jumping-the-shark moment, this might be it. Inventory is growing, and there is only one reason: More prices are wrong. But when you sell your best asset down the river and let amateurs run it who are out of touch with reality, you get...
Compass Video
One last promo - any brokerage or disrupter who is going to contend needs to spend Zillow money ($100M/yr) on similar advertising to theirs:
5% Mortgage Rates
After today's NFP report, we can say that 5% mortgage rates (no points) have arrived - sellers can offer to buy down the rate to help ease the pain for buyers. Yesterday's thoughts from MND: So is it possible for bonds to see such a reversal? Yes, but it's equally...
La Jolla Art & Wine Festival
What: The La Jolla Art & Wine Festival Where: Girard Ave, La Jolla When: Saturday, October 6, from 10 a.m. to 6 p.m. and Sunday, October 7, from 10 a.m. to 6 p.m. Why: To bring our artists' roots back to La Jolla, to celebrate our wonderful community, and to raise...
Carlsbad-Adjacent
Our friend and previous seller Tom T is putting the finishing touches on his latest project, and it's a gem - it will be ready next week!
Quitting California
From the latimes.com: A report from the state Legislative Analyst’s Office earlier this year confirmed the obvious: People are leaving California. Between 2007 and 2016, we lost 6 million residents to domestic migration. Our population still grew overall, gracias to...
Compass 2
When we made the decision to join with Compass, it was the future of the business that was a primary concern. The I-news summed it up well in their profile of Nick Segal, the founder of one of the SF brokerages recently purchased, and we could relate to what he...
Compass
Today was our Compass Day. We met our CEO, Robert Reffkin, and we were thoroughly impressed. We come from different backgrounds - I'm the scrappy street guy, and he is the Wall Street wunderkind - but we see the future of real estate the same way. He mingled for...
Marty Balin, RIP
We lost a legend this week. You wouldn't know it based on the amount of video footage, because there isn't much. But when it comes to bands who got us through the 60s, is there any more influential in California than the Jefferson Airplane? But unfortunately Marty...