Because baby boomers tend to own in the best locations (they got there first), we should have an extended frenzy, and maybe an occasional glut of older and dated 2-story homes in some areas: Nearly a third (31%) of home sellers are “extremely anxious” about selling...
A two-year-old, Culver City, California-based startup called United Dwelling aims to tackle the affordable housing problem using data, creativity, and underutilized garages and backyards. United Dwelling plans to eventually build thousands of Accessory Dwelling Units,...
Matthew does a statistical comparison of today vs. 2008 in this video below. Important to note how his stats show how comfortable sellers are today, and I'll add that even if homeowners lose their job and stop making payments, it would take a year or two before you'd...
As people hunker down in quarantine throughout the state, many must be asking themselves if they are in the right house for them - and if it isn't, then where to move. Thankfully, most of the densely-populated parts of coastal California are more expensive than in San...
There is no reason to transfer your house to your kids - use a family trust instead. If you need dough, then get a reverse mortgage. Hat tip to just some guy! Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing...
Wouldn't it be easier to move? 🙂 When it comes to the most sought-after aging-in-place projects, bathrooms dominate the top spot. In a recent NAHB survey of remodelers, more than eight out of 10 reported that installing grab bars (89%), higher toilets (85%) and...
Who is selling? I haven't checked in a while! This chart tracks when the home was purchased by the sellers. Today's numbers are from those sold between Jan 22 and Feb 14 of this year: Year Purchased 6/18/16 12/13/16 4/3/17 6/30/17 12/4/17 2/16/20 0 – 2003 39% 57% 48%...
Excerpts from the latimes article: Ever since the SALT cap went into effect in 2018, the hunt has been on for signs that it has prompted more wealthy residents to move from high-tax to low-tax states. “Despite some recent claims that it has,” Lucy Dadayan of the Tax...
What a decade! Our median home price - fueled by low rates and the Bank of Mom&Dad - more than doubled the percentage increase in the median household income! Our net migration was fine really - we must have a steady influx of affluent folks: Here's an interesting...
Another chart showing that Americans are light on savings, and retirement is coming. Then consider the graph below - doesn't there have to be more boomer liquidations on the horizon? https://twitter.com/belk_jacob/status/1225472678972116992
