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
From the WSJ - thanks Sergio: As a top Hollywood talent agent for over 40 years, Deborah Miller Lakoff represented big names like William Devane, Ned Beatty, Bob Uecker and Julio Iglesias. For proof, one could just look in her garage. “There was a massive collection...
Homes that are walking distance to excellent schools and/or a retail center (with a Starbucks) will probably do fine - even if they need a little work. Homes out in the boondocks will have more of a struggle. From the UT: In a recent column by the Union-Tribune’s...
This article features our favorite topic today, and they smartly differentiated between areas. I looked up my sales over the last two years and 22% of them involved the last move of the seller (either they had passed away, or close). Excerpts: The big question looming...
Ty said yesterday, The thing I think you miss most or maybe overlook is how overleveraged the average person is. I do commercial real estate and routinely have access to small business owners financials. Equity rich in their homes but cash poor with credit card debt...
I went to the annual seat shuffle at Petco Park on Tuesday. It's the event where Padres season-ticket holders can see which seats have become available, and possibly switch to a better location. It reminded me of our local real estate market: The best locations are...
I was talking to Nick yesterday about the current market conditions, and how home sale have been affected by the low mortgage rates recently. You can see in the graph above that over the last five years we've been accustomed to rates in the threes, so it seemed...
When you drive around older neighborhoods, you see homes in original condition or in a state of disrepair, which are signs of senior homeowners. It makes you think, "They should sell and move - are they just waiting around to die?" The answer is YES, and it's because...
Thinking about it, and actually moving are two different things, however. Around here, the annual turnover rate is 5% or less in most neighborhoods. Unless big changes are ahead?
Baby boomers in full control of the market, and very few have a reason to sell. In fact, the list of reasons NOT to sell is so long that you can't help but have a personal favorite that keeps you in limbo: 1. I don't need the money. 2. The grandkids are here. 3. My...
