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gary in fairfax- agent since 1973
on July 3, 2013 at 11:18 am
In Marin county I would think its more about good schools, low crime, than just investors buying rentals.
I have been counting million plus closed sales weekly in the IJ paper and its gone from maybe about 8-12 in 2009- 20010
to about 25-30 lately per week reported.
One would think these are not rentals bought by investors.
That being said, I agree statewide its a temporary bump and this winter will see rates and prices adjusted. Sure would like to see some sanity in the RE market.
Please lets not go back down in prices.
I’m all for a slow healthy upward trend in prices until we get back to where we were….with new jobs creating increased affordability and demand, fueled by confidence they will be more than $10 an hour temp jobs:)
How many homeowners who bought from 2004-2006 are still owners of same homes? Homework assignment for First Tuesday!!
Where will rents be in 2 years time? How can they go up so fast in California without equal wage increases is what I wonder often. Rent increases drive investors to pay more.
What we don’t need is more driving to affordable digs FAR from work and heating up the too warm planet.
Spending money on gas, tires, mechanics, and oil instead of saving for a home CLOSE to work is keeping people hostage to a better future.
We need to reward good behavior and give folks who telecommute, bike, or walk to transit more incentives in a home purchase – or as tenants , in my humble opinion .
In Marin county I would think its more about good schools, low crime, than just investors buying rentals.
I have been counting million plus closed sales weekly in the IJ paper and its gone from maybe about 8-12 in 2009- 20010
to about 25-30 lately per week reported.
One would think these are not rentals bought by investors.
That being said, I agree statewide its a temporary bump and this winter will see rates and prices adjusted. Sure would like to see some sanity in the RE market.
Please lets not go back down in prices.
I’m all for a slow healthy upward trend in prices until we get back to where we were….with new jobs creating increased affordability and demand, fueled by confidence they will be more than $10 an hour temp jobs:)
How many homeowners who bought from 2004-2006 are still owners of same homes? Homework assignment for First Tuesday!!
Where will rents be in 2 years time? How can they go up so fast in California without equal wage increases is what I wonder often. Rent increases drive investors to pay more.
What we don’t need is more driving to affordable digs FAR from work and heating up the too warm planet.
Spending money on gas, tires, mechanics, and oil instead of saving for a home CLOSE to work is keeping people hostage to a better future.
We need to reward good behavior and give folks who telecommute, bike, or walk to transit more incentives in a home purchase – or as tenants , in my humble opinion .