REAL ESTATE INVESTMENT STRATEGIES

Whether you are thinking about buying a home or investing in a commercial development project, in order to make smart strategic real estate investment decisions you need to dig in and do your homework.  A thorough understanding of where the market is today is essential to formulating a deal, but it is equally important to understand where the market is headed in the coming years to avoid making costly mistakes.   In our complicated and fast moving world it sure is comforting to have the experts at Forbes Real Estate Council to break through all the clutter and confusion to identify the key market trends that will drive the industry for the next few years.  Click here to read more Continue reading

PROPOSITION 10 DECONSTRUCTED: THE IMPACT AND EFFECTS OF RENT CONTROL

Tomorrow millions of voters across California will confirm their support or opposition of Prop 10, the controversial initiative that proposes to repeal Costra Hawkins and give cities the right to enact forms of rent control in order to address the shortage of affordable housing in California. But is Prop 10 the answer to affordable housing? The San Diego Union Tribune looks at the arguments for and against Prop 10 and concludes that rent control may actually do more harm than good. First, limiting rental income disincentivizes developers from building much needed housing. Without enough supply to meet demand the competition for available housing units will increase upward pressure on prices. That’s simple Economics 101. And while rent control may help some renters, the majority of renters are actually worse off due to the unintended result of the misallocation of housing. Then there is the final nail in the coffin of Prop 10..and it is a big one. It is not the right of the Government to tell individual single family home owners what they can charge if they choose to rent out their homes. When I go to the polls tomorrow I will be voting NO on Prop. 10. What about you? Click here for more info Continue reading

DESIGN TRENDS

It’s that time of year when design professionals begin to look ahead to the coming year, forecasting the key trends that will dominate interior design.  And what better place to begin than the kitchen, perhaps the most important design statement in any home.  Elle Décor’s  go-to designers share their predictions for what we can expect to see in kitchen design in 2019. Click here to read more Continue reading

CELEBRITY MOVES

Hollywood’s most celebrated leading man Robert Redford is selling the Napa Valley estate he has owned since 2004 for $7.5 million.  Located in picturesque St. Helena, the extraordinary property features a 5,225 sq. ft. manor house, a separate art studio, a workshop, detached garage, gym, pool and cabana on ten-plus acres surrounded by mountain and valley vistas. Click here to read more Continue reading

THE MOST EXPENSIVE HOME FOR SALE IN THE US

Chartwell, the Bel-Air estate owned by the late Univision billionaire A. Jerrold Perenchio has hit the market for a whopping $245million making it the most expensive home for sale in the US. Known to a generation of TV viewers as the Beverly Hillbillies mansion, the elegant 25,000 square foot French Neoclassical mansion sits on 10 acres with formal gardens, a tennis court, a 75 foot swimming pool and a guesthouse. Click here to read more Continue reading

MORTGAGE MONDAY: HOW WILL THE NEW RATE RISE HIT YOUR WALLET?

With mortgage rates rising above 5% as of the most recent Fed announcement, buyers (or potential buyers) seem to be taking a step back to re-evaluate. For some, that 5% mark is a psychological barrier to moving forward with a purchase. But it is important to remember; historically speaking it is still relatively low. Take, in comparison, the 12% rate I paid on my first property purchased in the 1980’s or the 18% my parents faced in the 1970’s. What matters most is the real impact is on your monthly payment and how that impacts affordability for you. CBS news breaks it out by the numbers…. Click here to read more Continue reading

WHAT A CHUNK OF CHANGE: WEST HOLLYWOOD RENTAL REVIEW

Okay.  I admit these look to be some pretty nice properties.  But with rents that range from $11,500 - $12,500 per month it makes an easy case for home ownership!  Click here to read more Continue reading

MORTGAGE MONDAY: HOW WILL THE NEW RATE RISE HIT YOUR WALLET?

With mortgage rates rising above 5% as of the most recent Fed announcement, buyers (or potential buyers) seem to be taking a step back to re-evaluate.  For some, that 5% mark is a psychological barrier to moving forward with a purchase.  But it is important to remember; historically speaking it is still relatively low.  Take, in comparison, the 12% rate I paid on my first property purchased in the 1980’s or the 18% my parents faced in the 1970’s.  What matters most is the real impact is on your monthly payment and how that impacts affordability for you.  CBS news breaks it out by the numbers…. Click here to read more Continue reading

REAL ESTATE EYE CANDY

This extraordinary estate was once the home of Robert Noyce, co-founder of Intel.  Beautifully designed with the finest materials and attention to detail, the main home and guest house are elegant yet comfortable offering the privacy and relaxation one can only imagine was needed amidst the hype and excitement of the early days of Silicone Valley.  On over 4.5 acres, the amenities in the parklike grounds address just about any kind of activity or hobby one can think of…and then some.   This estate truly epitomizes the art of luxury living.   Click here to read more Continue reading

DESIGN TRENDS

2019 is just around the corner and if you’re thinking of doing some updating in your home Elle Décor ‘s favorite designers share their tips for “what’s hot, what’s not” trends tips to guide you.   Click here to read more Continue reading