California Landlords
California Landlords
Los Angeles makes it difficult to evict an Airbnb guest.
It’s true that Los Angeles has tenant protections that can make evicting an Airbnb guest more difficult than in other areas. Here are some key factors: Read more
Real estate values tanking?
Real estate values tanking?
Blackstone just announced a historic 73% collapse in profits year-over-year in their most recent earnings report. Making their 2023 Q4 their second-worst financial quarter in a decade.
This decline in profits was due to a big drop in the value of their real estate portfolio, particularly commercial real estate values. Read more
Commercial Property Defaults 2024
Commercial Property Defaults 2024
Big corporate landlords like Blackstone are defaulting on mortgages of commercial property across America.
Resulting in 90% declines in values in some cases, especially in cities like Las Vegas. Read more
Hidden Property Tax Hits California
Hidden Property Tax Hits California
In a recent interview, Susan Shelley, a prominent California columnist and member of the editorial board of the Southern California News Group, sheds light on a lesser-known consequence of recent legislation: the imposition of a new death tax on inherited properties in California.
Here are the key points from Shelley’s insightful discussion: Read more
Wharton Professor Talks Real Estate 2024
Real Estate 2024 -Wharton Professor
Susan Wachter Professor of Real Estate at the Wharton School – offers her forecast on where the housing market and mortgage rates are headed in 2024, particularly given trends surrounding inflation and interest rates.
Professor Susan Wachter is indeed a highly respected figure in the field of real estate. Read more
Distress in Commercial Real Estate
Distress in Commercial Real Estate 2024
Many times when I give my opinion on the real estate market many of the overly optimistic real estate sales people tend to disagree, but really never show any hard facts to prove their points.
But, as I say in all my articles these are just my opinions and opinions can vary from one individual to another.
Now, when I’m talking about commercial real estate and the problems that it’s facing you could disagree with my opinion all you like, but in this article I’m pointing out specific big players in the commercial real estate market that have declared bankruptcy. It’s a little more difficult to argue with the state of the market when the major players are disappearing or in financial binds Read more
Full Health Care Benefits to Undocumented Immigrants -Effects on California
Full Health Care Benefits to Undocumented Immigrants in California
As of Jan. 1, California become the first state to expand its state healthcare program eligibility for all undocumented immigrants.
California’s new law providing full health care benefits to undocumented immigrants, became effective January 1, 2024, and is likely to have a complex and multifaceted impact on the state’s economy. Here are some potential effects, with both positive and negative aspects to consider: Read more
2024 Real Estate – Rents Down & Vacancy Rates Up
2024 Real Estate Rents Down & Vacancy Rates Up
2024 Real Estate real estate
It’s possible that the slowing real estate markets in Phoenix, Arizona and Austin, Texas could have some indirect impacts on the California market, but it’s unlikely to be a direct and significant hit. Here’s why:
Similarities and Differences:
- Similarities: All three states have experienced booming housing markets in recent years, driven by factors like low mortgage rates, remote work trends, and in-migration from other parts of the country. They also share some similar challenges, such as rising interest rates and affordability concerns.
- Differences: California’s housing market is much larger and more diverse than those of Phoenix and Austin. It also has a much higher median home price, making it less directly comparable. Additionally, California has its own unique set of factors influencing its housing market, such as stricter regulations and a larger tech industry.
2024 Real Estate Outlook
2024 Real Estate Outlook
Private equity fund manager Grant Cardone joined ‘FOX & Friends’ to discuss current struggles with the housing market and the impact interest rates have on consumers.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. Read more