Відео

You may be right. I would treat extra garage space more as storage. Note that pool equipment and laundry are in the garage, too.

I know 😀 Here is the link to the full house walkthrough: ua-cam.com/video/pFALXil8jQo/v-deo.html

You may be right, in some areas the interest rate drop may unlock additional inventory triggering a price drop. Don't think it will happen here in the Bay Area because of the chronic shortage of housing. Maybe if we will go into a deep recession...

Thank you for watching! Please subscribe for more Bay Area real estate updates.

Subscribe to keep up with the Bay Area real estate market.

You also have to pay for the utilities, trim trees, replace roofs, clean the gutters and sewers. If you are renting, it is all rolled into your fees. The difference is that you are paying off someone else's mortgage and building equity for the landlord. What would you like better???

Homes are alive, just like people. They adopt to the needs of occupants. Some decide to modernize, others decide to restore to former glory, watch this: ua-cam.com/video/8h7qqsuLYTU/v-deo.html

I think it was the original soap holder... Don't know what the bar is for. Maybe washcloth...

Thank you! I guess not enough people are moving into Palo Alto to make this video viral 😆

You are right. It also depends on the level of upgrades. Afterall, these homes are 70 years old now...

It is an old charming home with modern amenities. It has a forced air system with AC. Check the listing here - www.zillow.com/homedetails/1160-Jackson-St-Santa-Clara-CA-95050/19579877_zpid/

How interesting! UA-cam knows everything about us... I'll definitely let the owners know. BTW, it is the main house that is for rent now.

How wonderful. What lovely humans xx

Then don't worry about this and enjoy the beautiful home. I agree, you should have a good reason to be in California and especially in the Bay Area. About 30M people have their reasons.

Well, sometimes you have to rent. Other people choose to rent. To each their own...

I don't live in Cali, but I have friends that do. The state of California right now is a complete NO GO. My friends want to move out, but can't because the tax to exit California is more than they can afford. They're stuck unless they walk away from everything. They can't do that. No one at this point could pay me to live in California. Anywhere in that state. No way. It's really sad.

It is in the city of Santa Clara in Santa Clara County in California.

Lucky you! Not everyone had a chance to buy when you did. And, eventually, you may have to move. I will talk to you then.

@@talisteam that's not the point here. They are saying they are better off in the long run with a higher rate and lower purchase price. . That's completely false.

@@talisteam or we talking when the housing market goes back up and the value of the home is higher providing more equity?

Yes, we are taking into account the home price appreciation. In reality, it depends on the rate of equity growth, the trajectory of the interest rates and the duration of home ownership. In the Bay Area people often stay in their homes for 10, 15, 20 years or even longer.

Thank you! Same here!

@@talisteam YW!! Thanks for the kind response! Have a wonderful day!!

Well, it is an Eichler home in an Eichler community. 100%, no doubts.

Me too! Moved here in 1991 for the schools and got stuck!

There is difference between the housing supply and inventory. Inventory are homes listed for sale. Any data source will show you that we have fewer homes for sale than last year, or a year bore that, and before that...

@@talisteam Yes, which a "manipulated" data. I am not saying you are manipulating it, I am saying the industry is. That is why I called it "shadow inventory". The number of ways this "game" is being played is getting crazy. So when 17% of the houses in the area are sitting "unoccupied" according to Census data it starts to sound like everything being said is designed to mislead or gaslight. So yes, while you are not lying about how the industry comes to "determine" what constitutes "inventory" there is a lot of deception surrounding "actual inventory". So my question is how can there be a supply issue when there really isn't one? To me, that sounds like market manipulation. And again... I am not accusing you of being to blame or at fault here... just saying whatever they are peddling and the metrics they are using... are "designed to mislead". And yes... I understand why relying on that calculation is useful, but I also understand why doing that makes the market easy to manipulate. Especially when we have massive financial interests sitting on literally "hundreds of homes NOT on the books because of "Hollywood Bookkeeping" where they can make a wildly successful property look like it's losing money hand over fist.

From the consumer point of view, vacant homes are not available for purchase. We need some regulatory changes to create insetives for the owner either to sell or rent these vacant homes to ease the housing shortages. It also would be interesting to see the geographic distribution of these vacant homes. I don't see too many vacant houses around the major employers here in the Bay Area, Apple, Google, Facebook, etc. In the Tahoe area, I can imagine that 50% of homes are vacant most of the time.

Well, enlighten me. What would be your explanation? I guess I didn't confirm your bias.

@@talisteam there are many more variables that determine Realestate market such as affordability index etc. I am not here teach economics rather stated my opinion based on my education and expertise. Good luck to you and all

If we really want to dig deep we would have to add geopolitical factors, wars, terrorist attacks, natural disasters. Anything and everything that affects our lives.

Thank you! I definitely will be digging through more data as it becomes available.

I am still optimistic - America will stand 🇺🇸🇺🇸

How the prices are the appraiser's fault? The buyers sign on the dotted line. They agreed to pay this price?

@@talisteam No thats not the complaint. Its the over inflated and unjustified appraised Home values

Time will tell... We lived through one crash, we'll survive another 👍

You are right. I just don't think the banks will have stomach to foreclose as eagerly as back then. An the home owner are better qualified for loans these days. Do you remember stated income loans???

It is easy to judge in hind sight... I agree that it may have been better to let banks foreclosed. In reality, most of the delayed payment were either forgiven or attached to the end of the loan, deferred. Current delinquency rate is significantly lower than historic average. I am just looking at the current situation, just a snapshot in time.

@@talisteam this is incorrect information , none were forgiven. Very few percent qualified to have it put to the end of the mortgage. I actually am the person who does the job. Only reason you don’t see delinquencies is cuz under the program they are not concidered late . However if you go to black night the system that the government uses and all banks , u will see how many are exempt from the report they publish. If they let the banks report them delinquent as they are the whole house of cards would collapse . Enough kicking the can down the road and rip the Bandaid off so.. no other way

I guess we have different sources... My point is that even if they area late, they can sell and pay off the mortgages. I can't imagine banks repossessing homes like they did in 2008.

I am trying to bring some sanity to the world, at least the real estate world 😀😀🙄

You may be right on the national level, not here in the Bay Area. We don't have space to build much new housing in the areas close to the main employment centers. People want to live in Sunnyvale but not as much in Morgan Hill or Gilroy.

@@talisteam 👍 hope you are right

👍👎👍👎

I, personally, don't see a crash coming, maybe another adjustment like in 2019 or second half of 2022. Time will tell!

Sure, good news for the homeowners!

Capital will continue supporting home prices and even pushing them up.

What do you mean? Crash or no crash?

We'll know in a few months... My vote is for an economic downturn, not a housing crash.

That and let's stop printing money!!!

Can you explain? First of all, how is it possible to convert military surplus into cash?

​@@talisteamCan you explain "printing money" as it pertains to our sending military surplus? I'm genuinely curious how you were able to conclude that.

@@Teeveepicksures how does surplus exist within a deficit?

Printing money is another source of inflation, unrelated to the military spending. The mechanism is too long to explain her. Watch this - ua-cam.com/users/livekDmY1kY4slk?si=xYBj14QyPTJpfa2s

Well, if they won't get the inflation under control the elections may be very interesting 😀🙃

​@@talisteamyou would think so but the amount of fucking sheep that surround me makes me think not. People in this country could easily.......easily vote themselves out of freedom. An alarming number of generations have voted us out of so much freedom so far....

Yep, but what will force the sellers to start dumping homes on the market and accepting lower prices. This is the real question 🙄🤔

I lived in Soviet Union with 100% housing provided by the state. I will take private ownership any time! Be careful what you are asking for...

@@talisteam I've lived in Vienna, Ho Chi Minh, New York city, Mexico City, Tokyo, and rural towns across 4 continents. If you genuinely think the only options for housing are only parasitic speculative landlords stealing wealth for nothing or literal soviet Russian block housing. Then You have no clue what you are talking about. Imagine better for your life and the lives of the people in whatever capitalist hellscape you call home. Because better already exists in places your capitalist masters don't care to tell you about.

No. I think that the best way is home ownership, you own your house, and you live in it. Let's thrive for that.

@@talisteam Okay. Shame You don't get to own a home under capitalism. You are in debt to a bank for 30 years to *maybe* own a home after that time. Then you go into debt after that to maintain upkeep on the house. Then in nations without socialized healthcare, when you get old. You will get sick and you lose the house to pay for medical debt. That's what free market™ home ownership looks like. To the benefit of no one but some financial speculators.

You definitely won't own a house under the communism.

The difference today are the lending standards and the amount of equity homeowners have. "States income loans" and "zero down" programs are no longer available, just one example. I don't think the next crash will be the same as the last one. 🤔

​@@talisteamexactly. The Poors have been cut out of the equation, lowering risk. There may not even be a crash.

@@talisteamthat’s actually not true… several banks are offering 0% down loans now… Zillow was featuring a 1% down not to long ago. All they do is attach that to end of the loan… these loans are out there

We definitely need to build more housing. Here in the Bay Area we are out of empty undeveloped land. We need go up, just like Manhattan. If we will change the zoning coded, we may catch up with the demand. My hopes, however, are not too high.

@@loganerb3952 You are 100% correct. When you are looking for a loan, talk to a local mortgage broker, they will be able to guide you through all available programs. Local lender because even some cities and counties have program to assist with home affordability and increase home ownership.

This is your urban development 🏡🏩 I just can't see us building sufficient supply of homes here in the Bay Are. I can't imagine that housing prices will significantly drop unless the industry would move out of the area.

@@talisteam high rise apartments for the win. They will ruin the "look" of the city, but housing will be cheaper.

@@Gukworks California tries to mitigate this with ADU legislation and SB9. Basically, they are allowing higher density development in R1 zoning. May not be enough but it is a step in right direction. So far high-rise developments in the Bay Area are happening in former commercial zones and along major traffic routes like El Camino. And don't be a passive observer - go to the city counsel meetings where you live. Many policies start locally and then go statewide.

Bay Area is different from other markets - we don't see too many institutional investors jumping in. Even at the peak of iBuyer companies, like Opendoor and Offerpad, they never entered into Silicon Valley, too expensive and too competitive. It is still a consumer driven market. Let's wait and see, an adjustment is inevitable but I don't expect a crash of the Great Recession magnitude.

Maybe in Las Vegas and Phoenix, not in the Bay Area. We don't see institutional investors moving here, especially on the San Francisco Peninsula. On another hand, housing always was a commodity...

You are right, current levels of the interest rates stunned everyone. So far, however, shortage of inventory continued pushing the prices up. Apparently, there was enough qualified buyers to snatch most of the new listings. We don't see too many investors in the area though, the prices are too high making investments cash flow negative for the first 5-7 years. Most of the people are buying for themselves and are coming from tech sectors, including more and more biotech.

Cause housing must be an investment. The idea of shetler for you as a human being to live in so you can a productive citizen in whatever place you live in? That's just commie talk. A house is a speculative asset to borrow against. The fact that also a basic necessity to shield you and your few consumer goods from the elements is just a market externality.

You don't have to be born into the money 🤪 You just have to work for the right company at the right time... On a more serious note, we are going through challenging economic times. Hope it will be over soon and life will get easier for everyone 🙏

Also, if you are thinking about buying a home right now, explore first time buyer programs. I will be interviewing a mortgage broker in my next video and we will talk about these programs. If you qualify, you will be able to buy with a lower down payment and with a lower than regular market interest rates.

@talisteam that's pretty intesting and good info to have, I'll keep an eye out for that vid!

The video is up - ua-cam.com/video/R-Dp4V8h1ME/v-deo.html

Thank you for watching! Any specific questions I can answer for you?

There is so much confusion and misinformation in the news that consumers can't make right decisions. Bay Area housing market remains robust regardless of the interest rate hikes because of the shortage of housing. New listings may be the most important metrics to watch right now to understand the direction of the housing market.