How High Can Home Prices and Rents Go in Silicon Beach?

The prices on purchase and rentals in the entire area have been skyrocketing. Now the big question everyone is asking is, “What can folks really afford?” Affordability is the most critical component that will put a cap on rising rents and home prices.   One approach to finding the answer would be to use zero-based…

Your Mortgage and Retirement – What Are Your Options?

Payoff or Borrow More? The answer used to be obvious    Since there have been mortgages, retired Americans have loved to pay it off. They have even celebrated by doing things like burning the mortgage documents. Today you are likely to live 25 years after retirement, and the equity in your home may your single largest asset.  …

Predicting Future Mortgage Interest Rates – A Fools Errand

    Countless articles have headlined the almost certain increase in home mortgage interest rates that would follow the increase in the Fed Funds Rate. The increase has come from the Fed, but mortgage interest rates have actually fallen. How can that be, and what does it portend for the future. Very generally speaking, a…