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Condo prices are falling fast - down over 30% in some areas - as aging buildings face skyrocketing insurance, massive assessments, and shrinking buyer pools.
Correlation doesn't always mean causation but in the world of consumer goods, housing, and gas, they sure seem to be connected. When one goes up, the others quickly follow.
My wife recently sold a house above asking price in just 7 hours. With housing prices soaring and the existing inventory of newly built homes dwindling, this story feels all too familiar.
The daunting question we are all asking ourselves in the state of California - how do we solve our affordable housing problem? Will there ever be a fix to this problem? There seems to be only one REAL solution that doesn’t get much attention.
What's taking off as fast as Elon Musk's rocket ships? The rate at which investment funds are pivoting to real estate. With inflation on the horizon, investors have started purchasing entire developments from builders.
For over 100 years, the town of Bodie, California has been abandoned. It was not always like this though. In the 1800's, the town was filled with people living in the homes, staying in the hotels and working in the saloons. Fast forward to 2021, the town of Bodie is still abandoned, but they have regular maintenance on all of the buildings. But why?
California is becoming more well known for their high taxes, homeless encampments, over-regulation and small business shut downs. Is that why people are leaving?