This ibuyer was new in the game and was hoping to make a splash. Somebody there should have known in June of this year that the frenzy was wrapping up before investing $2.5 million cash into a 20-year old basic tract house on a busier street on the fringe of La Costa...
Do I do rentals? Sure, when they are higher-end luxury estates in Rancho Santa Fe owned by blog readers! 4124 Stonebridge Lane, Rancho Santa Fe 5 br/6.5 ba, 3,734sf LP = $15,000 per month. Stylish one-story contemporary home on 2.87 acres in gated Stonebridge that has...
I appreciate those who have served - thank you! Fun fact: The Uniform Holiday Bill (Public Law 90-363 (82 Stat. 250)) was signed on June 28, 1968, and was intended to ensure three-day weekends for Federal employees by celebrating four national holidays on Mondays:...
There probably aren't many people today who expect to see any frenzy left in the marketplace. But here's a view from the street, looking at actual sales closed over the last 30 days. At 22 minutes, this turned into a full-length feature film (sorry), but consider it...
It sure seemed like there was plenty of extra buffer built into the recent mortgage rates. With the CPI report coming out more favorable than expected, the markets reacted - and boom, a half-point drop! If buyers get the feeling that both rates and prices are coming...
It looks like the hefty L.A. mansion tax is going to pass. Don't be surprised if other cities and counties do the same and pit the rich people vs. everyone else under the guise of solving homelessness. Measure ULA, the so-called “mansion tax,” is a ballot measure in...
Samantha is feeling it here. Whoever she is singing this to should apologize!
Could we have a decent spring selling season next year? Is there any precedent of our market settling down that quickly? Home sales had been struggling for months, and then the Lehman Brothers collapse in September, 2008 helped to trigger the Great Recession, and...
Let's don't get into modern-day politics because there is no civil discourse any more. Instead, let's reminisce how it used to be - above is Part 2 of the famous Reagan interview from January, 1975. Part 1 is here: https://youtu.be/U9vncWKPngE
A benefit of prices going up so fast in early 2022 was that future sellers may not have noticed - and they might be happy to sell for 2021 prices next year. But there are other items that will complicate the matter: With sales are down as much as 50%, the evidence...
