With cities under pressure to provide affordable housing, it would be nice if there were ready-made buildings that a crane could drop onsite. This is the right idea, but high-cost (probably more than most would spend). If we could find a builder/factory that would...
The Future
County Waives Fees for ADUs
We've talked about one-story homes - another way to add insulation from any potential downturn is to buy a property that can accommodate a granny flat. They can produce extra cash flow (the county states that they can be rented), and if you ever have to sell, there...
Bank of Mom & Dad
How can the market keep going? Generational wealth distribution! Among respondents with an annual income over $100,000 who anticipate familial help with a down payment, the average expected level of support is over $50,000, enough for a 20 percent down payment on the...
Defective Nuclear-Waste Storage
Are you looking for one more reason to move away? It sounds like if/when the Big One starts shaking, you will need to grab everything you own and move to Yuma. The Nuclear Regulatory Commission (NRC) admits in their November 28, 2018 NRC Inspection Report and Notice...
Compass Convention
We attended the Compass REtreat in Los Angeles over the last day and a half. It was a quick get-together to roll out the future plans, participate in four breakout sessions on the usual topics - social media, team-building, scripts, and risk management - and attend...
I-buyer Advantage
Everyone is getting into the home-buying business. First it was the well-funded disrupters like OpenDoor and Offerpad, and then Zillow, Redfin, Knock and others jumped in - which caused Coldwell Banker, Keller Williams to also announce their programs (plus Compass...
Compass
Today was our Compass Day. We met our CEO, Robert Reffkin, and we were thoroughly impressed. We come from different backgrounds - I'm the scrappy street guy, and he is the Wall Street wunderkind - but we see the future of real estate the same way. He mingled for...
$400 Million x 2
The most fascinating thing about working for Compass is how many people ask about Compass (especially other agents). I signed up primarily for the future potential, and where big money might lead us. We got another sense of how big yesterday: Compass, a...
Home of the Future
A fridge with internet, cameras and microphones! Thanks daytrip:
Open Chaos
Opendoor, the ibuyer who purchases your home for cash and closes escrow at your leisure (as long as you don't mind paying their 6% to 13% fees plus home repairs) has made a deal to acquire a discount brokerage: Opendoor announced Tuesday morning that it has...