Thanks to the many folks who sent in this article about a seller who stayed in his house after escrow closed. In this raging market, it is customary for listing agents to suggest seller rentbacks as one of the sweeteners to get an offer accepted, and will deliver a...
Real Estate Investing
More Leucadia Redevelopment
Another redevelopment project is coming to Leucadia - and this one is 110,274sf! Another hotel, two restaurants, 7,000+sf of retail, plus 74 market-rate apts, and 20 affordable apartments....
Downtown Carlsbad is Cooking
Two downtown residential condominium buildings with a mixture of market-rate and affordable housing, ground-floor commercial space and underground parking got the go-ahead for construction last week from the Carlsbad City Council. The Carlsbad Station project will...
More Frenzy Fuel
San Diego didn't make the NAR list of vacation-home areas (counties where 20% of the housing stock is for seasonal use), but our market should be enjoying some additional second-home purchases: Vacation home sales are outperforming total existing-home sales. Sales of...
New ADU Incentives in San Diego
There should be some scrambling to purchase properties in the two highlighted areas below, but the cost for Mom & Pop to add an ADU is still a hurdle ($50,000 to $100,000 min). San Diego further loosened rules for granny flat construction Tuesday, eliminating all...
Fight Against Eviction Ban
More excitement to stir up next year's selling season! Most landlords can survive a while, but faced with no rental income for months, won't a few long-time landlords say, "Screw it, I'm cashing out and I don't care about paying the taxes!" Evicting the non-payers...
Eviction Moratoriums & Landlords
California is known for being a tenant-friendly state, and now the eviction moratoriums make it feel like it's Free Rent For All! It is particularly hard on the mom-and-pop landlords who live on their rental income and who are conflict-adverse, which puts them in a...
Carlsbad View Fixer
Are you looking for a smaller one-story view home to re-finish? Do you like being at the top of the hill on a quiet single-loaded culdesac? The insurance company did the remediation of a water leak, but expect these seniors to manage their own reconstruction project....
Coronavirus Eviction Moratorium
Tom T. and I were lamenting earlier this week about the plight of the mom-and-pop landlords due to the ban on evictions - because some tenants are taking advantage. The ban might get extended too: Senator Elizabeth Warren (D-MA) and Representatives Jesús “Chuy”...
Fixer Deluxe
Hat tip to Susie for sending this in - only $828,888 for this house in Queens! https://nypost.com/2020/06/27/nyc-house-selling-for-828k-has-the-scariest-listing-photos-ever/