10yr Anniversary of Housing Crash – Where are we now?

Thursday, November 16th, 2017

As anniversaries go, it’s a nerve-racking but inescapable one: It’s been 10 long years since the widespread real estate crash that precipitated the Great Recession.  So it seems a perfect time to take a step back and assess what has happened to the American housing market in the decade since.   So where are we?   Ever-steeper home prices: check. […]

Measure S and Measure H

Thursday, March 2nd, 2017

Election day is Tuesday, March 7 – and there are two initiatives on the ballot you should be aware of.  Measure H and Measure S.  I’ve attempted to distill them down to the basic facts – The staggering rise in the numbers of homeless people living in the streets coupled with massive inflation in rents, some say […]

How Interest Rate Hikes Effect Buying Power

Wednesday, January 25th, 2017

As Interets rates go up Buyer’s buying power diminishes –  a 1.5% hike in interest rates will cut your buying power by 13%.  In viewing the chart below the $1 million dollar home you could afford at a 4.25% interest rate suddenly becomes out of reach when rates jump to 5.75%.   The same $5,000 […]

Interest rates UP Home prices Down ?

Friday, September 2nd, 2016

The Federal Reserve appeared to keep an interest rate hike on the table for September amid “fairly accommodative” commercial real estate financing markets.  The participants generally agreed that the prompt recovery of financial markets following the Brexit vote and the pickup in job gains in June had alleviated two key uncertainties about the outlook.   […]

Renting stinks!! And it may get worse —

Friday, August 26th, 2016

L.A.’s high rents $2,000 for a median priced 1 bedroom, and low vacancy rate 3% , mean that our city is a nightmare for those on the market for a new apartment. Two years ago, a study by the UCLA Ziman Center for Real Estate famously concluded that Los angeles was the least affordable city in the […]

Bye Bye Air BnB…maybe ?

Wednesday, July 27th, 2016

As it has in cities that include San Francisco; Portland, and Newark AirBnB has signed an agreement with Los Angeles to collect and remit lodging taxes on behalf of its hosts. The tax collection, at a rate of 14 %, is set to begin in August. The agreement also allows the city to audit the […]

State of So Cal Real Estate

Friday, July 1st, 2016

To sum up —  1 – If you’re planning to buy a home, do it now, because prices are going up for the next few years.  2 -Investments in single-family rental properties have weak potential because of high home prices.  3 – Apartment developments have the best potential in LA County. The LA economy is […]

Luxury Home Sales Slowing

Friday, July 1st, 2016

A cooling market for the most expensive homes is costing hotel and casino magnate Steve Wynn some money.  Two years ago, Wynn paid $16.25 million for an 11,000-square-foot mansion perched above the Bel-Air Country Club. Less than a year later, he sought to unload the home for $20 million.  No luck. Then he tried $17.45 million. […]

The End of the 1 Year Lease?

Thursday, February 11th, 2016

Los Angeles rental listings site RadPad has added short-term rentals as an option for tenants and landlords. Traditionally, the site focused on long-term rentals and was primarily in competition with sites like Craigslist and West Side rentals. Now, it joins sites like Airbnb, VRBO and Home Away, in offering homes and apartments for short periods […]

THE SURGE IN U.S. MANSION PRICES IS OVER FOR NOW

Wednesday, January 27th, 2016

The six-bedroom mansion in the shadow of Southern California’s Sierra Madre Mountains has lime trees and a swimming pool, tennis courts and a sauna — the kind of place that would have sold quickly just a year ago, according to the real estate agent representing the Seller.Not now…. It’s being offered at a discounted $3.68 million, […]