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Paragliding
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Month: July 2021
Full Service Moving
The moving industry is ripe with fraud and deceit. Consumers who are shopping for moving companies will inevitably come across what amounts to move-brokers who are making promises on behalf of third-party subcontractors. Previously, I've seen the subcontractor arrive...
1031 – Identifying Replacement Properties
We've completed many regular and reverse 1031 exchanges, and it is critical to follow the IRS rules when identifying the replacement properties. For a successful 1031 exchange, it is important to understand and comply with the 1031 exchange identification rules. ...
Rental Property & Returning the Deposit
Speaking of the joys of being a landlord, here is the C.A.R. summary of how to handle the security deposit: California law allows a property owner/landlord/property manager (housing provider) to collect from a residential tenant a security deposit before the tenant...
Big Money Moving In
NEW YORK, July 29 (Reuters) – Beset by COVID-19 and its fallout, local landlords are offloading their properties to cash-rich institutional investors, and America’s real-estate market may never be the same. Before the pandemic, boyhood friends Michael Murano and...
NSDCC July Sales, Preliminary
It's looking more normal every day, though by the time the last sale is recorded, this month's total should be around 300 sales (though the median SP will say about the same at +29% YoY): NSDCC (La Jolla to Carlsbad) July Sales Year Number of Detached-Home Sales...
Frenzy Monitor
The total number of pendings have been rapidly descending with frenzy-escrows closing out. But new listings should taper off from now on, so we'll see which drops faster: NSDCC Actives and Pendings Town/Area Zip Feb 2nd May 12 May 26 Jun 9 Jun 23 Jul 14 Jul 28...
More Workbench
Kayla on the left, me on the right.
Sharp Dressed Man, RIP
We lost Dusty Hill today, bass player of ZZ Top. He was 72 years old. I had the Tres Hombres 8-track blaring through the desert sky back in the 70s, and I saw them play at Feyline Fields in Tempe around 1976 when they headlined a 5-band, day-long bash. So this is my...
Coastal North Sales
Another reflection on the current state of the local market. While it feels a little softer and active-inventory counts have risen (though still well below previous years), the demand has been voracious, and it would need to cool off dramatically before any panic sets...
