When an average or median price is moving less than 1%, let's call it unchanged. San Diego, which saw rent increases slow last year after a period of skyrocketing costs, continues to absorb drops following the start of the coronavirus pandemic. ApartmentList.com, in...
Real Estate Investing
Proposed Rent Relief From State
A relief package is being considered - excerpts from the SF Chronicle: State Senate leaders proposed a massive economic relief package Tuesday to guide California through its coronavirus budget woes by encouraging residents to prepay their future state income taxes...
Fix Zoning
There aren't many (if any) of the larger parcels left for big developments, but if the government was an easier and cheaper component, then new infill projects and the repurposing of commercial/industrial properties into residential could benefit - an excerpt from a...
La Costa – ‘Before’ Condition
This just sold to a flipper for $825,000 - after rehab, it should come back on the market for $1M+
ADU State and Local Law
We've been long-time supporters of the Pacific Legal Foundation, a nonprofit legal organization that defends Americans’ liberties when threatened by government overreach and abuse. My brother worked there after he and the PLF Executive Vice President, John Groen went...
ADU As Investment Property
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,...
Affordable Housing?
When developer Ginger Hitzke first proposed an affordable housing complex on a parking lot in Solana Beach, she envisioned building 18 new homes for low-income families and adults at a cost of $414,000 per apartment. More than a decade later, her project has shrunk in...
North Park On Canyon
Two houses on a 11,814sf lot in North Park. The smaller house facing Nutmeg Place was built by the Sellers' parents in 1942. They built the larger house at 3115 Olive Street in 1956. This sale just closed at $1,550,000:
“Wealth is the Vector.”
Rich people will get a lot of the blame..... “Wealth is the vector.” That’s what sociologist Tressie McMillan Cottom tweeted last week, in reference to the spread of COVID-19 across both the globe and the United States. Wealth is not the cause of every concentrated...
Solana Country
The east end of Solana Beach runs into Rancho Santa Fe, and this stretch of houses enjoy the transition: