We have known Jim & Donna Klinge for over a dozen years, having met them in Carlsbad where our children went to the same school. As long time North County residents, it was a no- brainer for us to have the Klinges be our eyes and ears for San Diego real estate in general and North County in particular. As my military career caused our family to move all over the country and overseas to Asia, Europe and the Pacific, we trusted Jim and Donna to help keep our house in Carlsbad rented with reliable and respectful tenants for over 10 years.
Naturally, when the time came to sell our beloved Carlsbad home to pursue a rural lifestyle in retirement out of California, we could think of no better team to represent us than Jim and Donna. They immediately went to work to update our house built in 2004 to current-day standards and trends — in 2 short months they transformed it into a literal modern-day masterpiece. We trusted their judgement implicitly and followed 100% of their recommended changes. When our house finally came on the market, there was a blizzard of serious interest, we had multiple offers by the third day and it sold in just 5 days after a frenzied bidding war for 20% above our asking price! The investment we made in upgrades recommended by Jim and Donna yielded a 4-fold return, in the process setting a new high water mark for a house sold in our community.
In our view, there are no better real estate professionals in all of San Diego than Jim and Donna Klinge. Buying or selling, you must run and beg Jim and Donna Klinge to represent you! Our family will never forget Jim, Donna, and their whole team at Compass — we are forever grateful to them.
“Inflation is coming down hard. And it’s coming down a lot faster than I think people thought.
Rents are growing but at a much slower pace.
The economy is slowing on its own: our $32 trillion deficit could force rates higher.
This is self-inflicted suicide! This is a terrible idea and it’s not necessary.
Look at the savings rate. Look at debt. Look at rents.
What are they looking at?” – Barry Sternlicht
Alan Detmeister, an economist at UBS who previously headed the wages and prices section in the Fed’s research and statistics division, in a research note forecasts core PCE inflation will slow to roughly the Fed’s target by the end of next year—and then drop to about 1.6% in 2024.
Not sure I’d consider Barry Sternlicht who runs Starwood Capital Group, a private equity firm that specializes in real estate investments an unbiased perspective for interest rates going up or down.
Personally I think that we’re heading into Stagflation. For those that haven’t heard of the term Stagflation means that the economy is stagnating but inflation is still going up. Unfortunately the only way to stop stagflation is to up interest rates through the roof + at the same time government invest in / incentivize local businesses. (Aka Trickle Down Economics)
Everything old is new again
Jim, I’m not saying he’s wrong (I don’t know) but he was DEAD wrong earlier this year on his late 2022 projections
https://fortune.com/2022/04/07/ubs-peak-inflation-march-consumer-price-index-2022/amp/
Jim, I’m not saying he’s wrong (I don’t know) but he was DEAD wrong earlier this year on his late 2022 projections
Maybe he was just early? From the article:
Now UBS is calling its shot once again, arguing inflation will peak in March and move down “sharply” from there as consumers shift their spending to services, and used car prices, which have been sky-high throughout the pandemic, begin to drop.
The UBS team also said it expects gas prices, which rose to record highs in March, will decline every month from April through November, helping to reduce headline inflation.