The Buyer Pool

by | May 19, 2024 | Market Conditions, Why You Should List With Jim | 6 comments

Here I talk about the current market conditions and how they relate to our new listing in NE Carlsbad. It’s a real mis-match too, with estate sales supplying much of the inventory when a majority of buyers want turnkey only.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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6 Comments

  1. WC Varones
    WC Varones on May 20, 2024 at 10:01 am

    Yes, price locks you in too.

    Prop 13 is a lot like a 2.75% mortgage.

  2. Jim the Realtor
    Jim the Realtor on May 21, 2024 at 7:17 am

    Yes, the lower price you paid, lower rate (never to happen again), the lock on property taxes, the capital-gains tax, and the low inventory all make it VERY easy for potential sellers to say, “Ah screw it, I’ll just live it out right here!”

    Even when you can walk with $1,000,000+, which virtually every homeowner in north county can do.

    Greed isn’t enough!

  3. Paul T
    Paul T on May 21, 2024 at 2:23 pm

    What about the crazy (potential) proposal of a new tax on unrealized gains? I know it’s slightly on the edge but it has been brought up. Considering the absolute lack of foresight and common sense of the leadership in CA – they often set wild proposals in motion before seriously considering the actuarial long-term ramifications… Not a zero-point zero chance.

    What say both of you wizards? 🙂

    Best ,

    -Paul T

  4. Jim the Realtor
    Jim the Realtor on May 21, 2024 at 9:06 pm

    There are bone-crushing proposals throughout the doomer-verse.

    The most likely is if Biden gets re-elected, and has nothing to lose. The capital-gains tax could increase, and even if were a measly +5% or +10% it would send the old-timers over the edge. Nobody would sell their home, out of spite.

    The only hope is dying correctly.

    One spouse dies, and the other makes off with the tax-free money as the booby prize to spend in their years alone. They should spend their money together.

  5. Jim the Realtor
    Jim the Realtor on May 21, 2024 at 9:12 pm

    And I’ll add that instead of refusing to sell/move out of spite over paying capital-gains tax, think about what you and your spouse could do with the after-tax money for the rest of your lives. We are here for a very short time.

  6. Jim the Realtor
    Jim the Realtor on May 21, 2024 at 9:18 pm

    How long has it been since we drop the phones and stared into each other eyes and had real conversation with our spouses, kids, family and friends?

    I’ll answer for you. Too f-ing long.

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