Відео

Bingo…salaries or pay. Broken system. It worked for generations before as. These systems weren’t meant to last thing long before they collapse. “Strength” of the dollar, pensions, social security….etc.

A crash isn’t happening any time soon. That’s for sure. The major difference between today and 2007 is that they were approving anyone and everyone back in 2007. Today, if you don’t, you don’t get the loan. I’m selling my home, ending up with 325k profit, and that’s after realtor commission. I’m putting 260k down and keeping the rest. My mortgage will still end up being $4,247. I’m well under the 25 and 28 percent rule. This shit is insane. There are people in Cali that will NEVER be able to purchase a home. Never

It'll be interesting to see what happens over the next few months. Just this week it looks like a handful more properties have been popping up on the market. Still competitive for sure, but like you said, location, condition, and price.

Thanks for tuning in!

@@sellyourhousesandiego Welcome. I am a new subscriber to your UA-cam channel and I did an audit report for your channel and found some issues that I think should be addressed. I think your UA-cam will grow a lot if you solve the problems. I can show you the audit report if you want. Thank you.

Damn that dude that bought is about the get fked so bad. Lmao

Excited for you!! Thanks for the rec!! 😉

Thanks! It doesn't get in the water much these days, but it's super fun!

You got it!

Here you go! ua-cam.com/video/S6Xxd2Y_NwI/v-deo.html

My pleasure!

Here you go! ua-cam.com/video/FLQsKxfCGWE/v-deo.html

Here you go! ua-cam.com/video/FLQsKxfCGWE/v-deo.html

Hey Bill! Cassidy sent you a reply to your email. Just following up to make sure you got it@!

Glad you enjoyed 👍

Great suggestion! Anything specific?

😀😀

Location is still super important - i.e. is it near a main road or freeway. Even right now in SD about 23% of the homes on the market have had a price reduction. The homes that are priced properly and prepped for the market seem to sell the quickest for the most money.

Yeah, the prices really accelerated over the past few year. Avg price for single family home right now is closer to $1.3M when it was about $860K in Jan of 2020.

@@sellyourhousesandiego do you think that sustainable or even logical for that much of an increase in 4yrs ?

@@drewrowe Since interest rates have started to rise the frenzy of the market has slowed down a bit, but we just had a colleague sell a starter home in Carlsbad (original price $1.15M, sold $1.25M) with 12 offers. But sustainable - I don't believe we can see another 50% rise in the avg. sales price of homes here in San Diego over the next 4 year, but who knows. As of recently though the main thing driving prices up is lack of homes for sale. Until we see a significant change in that, prices will likely continue to rise at a faster clip than usual.

All else aside - it is beautiful!

Got it! We'll try to get an 92120 update in the mix for a future vid. Good luck with the exam!

Not moving in 2024. Sorry for the confusion. Was trying to convey that I was planning on moving in 2034 (i.e. I Would Buy and Sell in 2024) but our situation has changed, uncorrelated to market conditions. Thanks for watching and the feedback!

My original plan was to buy and sell in 2024, but we have had to reassess due to our financial situation changing, not necessarily what will be happening in the real estate market in 2024.

Exactly. A lot of blather and no content.

Simple answer...yes. My original plan was to sell our current home at the beginning of 2024 and purchase another home towards the end of 2024. But our plans have changed. Not due to market conditions or anything happening in the real estate space, but our situation has changed.

Thank you! Definitely interested. Can you shoot me an email - hello@northcountyca.com

If certain cities do adopt it it'll definitely generate some more revenue. Questions is - will home owners sell their ADU's?

@@sellyourhousesandiego if they sell them they will have to pay Capital gains

The way I understand it is that it'll be like a condo setup. When you purchase a condo you own the unit itself and what is known as “interest” that you share with all the other owners in the “common areas” of the condominium. More details to follow...

That would be ideal. Unfortunately a lot of San Diego is built out and/or cities are too restrictive on new builds.

Yeah and if the 10 year keeps rising we could see higher for longer 😦

Last year when rates hit 7% the market froze and prices dropped a bit. This year now at 8% the market has definitely slowed (which will likely continue for the next few months) but prices are fairly stable right now. For the rest of 2023 we'll see less homes sold, but prices are still sitcky. I think we'll have a better picture come the new year.

Thanks! Appreciate it 😉

Yeah, it's been tough for buyers for the past few years. Just not a ton of homes for sale (supply) and lots of people who want to buy (demand). Maybe we'll get back to a more normalized market next year for ya. Only time will tell! Thanks for watchin'

I think a lot of people are in your same boat. It'll come down to 1. Do you want to be a landlord 2. Can you do something better with your equity if you sold your home.

@sellyourhousesandiego yes, that is the hard decision. Because in theory I could put that equity in another long term investment. And have better access to those assets. But I lose leverage(good and bad). Also I see home ownership as one of the few hedges against inflation we have. If rents go to the moon. I can always reclaim my condo. Definitely risky and more work to be a landlord. But if I did become one, I think I would do better with a property I know very well like this one. Risk depends on how toxic california laws get.

Not sure if there is a number limit but there is an area limit (transit rich and urban infill). So far the city has moved forward with the San Diego Housing Plan but without SB-10 as part of it (for now...)

There are a few places where you can still get detached for $850K but it is getting a bit tougher for sure.