Cassidy Claire Risien, 34, is an actor and artist living in Los Angeles but, even with her day job as a spin instructor, her budget is tight. Despite that, she lives in a newly renovated townhouse in trendy Venice, California — just seven blocks from the beach. “I had...
The Future
Boomers and Their Savings
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
Inventory Watch – Decade Wrap-Up
As our real estate market wraps up its strongest decade in history, let's looks back at the trends. The government intervened early in the decade by stopping foreclosures and manipulating rates to all-time lows. It resulted in the longest, strongest sellers' market...
Shipping-Container House
Put together several shipping containers to build a 2,000sf home:
Car-Free
Another reason to move to Arizona. The story: https://medium.com/culdesac/introducing-culdesac-3fbfe7c4219c
How Will Kids Afford A House?
This new post about millennials and their housing/lifestyle expenses outlined by a Compass realtor in Houston made me think of the budget above which is more applicable to those of us in Socal....
Tenancy In Common
Aisling Swindell was paying so much for rent last year—$2,100 per month to live in a studio in Downtown LA—she figured she might as well buy a place. “The house I ended up buying was $440,000, which is insane, right?” says Swindell, who works for an online fashion...
Cost of iBuyers
If you're interested, I can deliver a cash offer to you today! Here's research on the costs: But what, exactly, do iBuyers bring to the table for home sellers? And, can this business model survive the housing market downturn so many are predicting? That’s...
House Buy-Backs
The big money and heavy competition is causing ibuyers to juice their offerings. Opendoor will buy your house for cash, they will buy your next house, they have rebates, and now they will even buy your house back within 90 days if you don't like it. Our belief is that...
Zillow, iBuying, and the Future
The path forward is becoming more clear. Zillow is rapidly expanding their ibuying enterprise, and because they are so well-known, they have a shot at a major disruption. In the video below, Mike describes how homeowners who used to rely on their zestimate for a home...