Tech Companies Continue to Buy Up Playa Vista Retail Space

Playa Vista Scores Again – Facebook Leases 35,000sq. ft. of Creative Space     Follows recent moves by Google and Yahoo into Silicone Beach Hub If anyone was still wondering about Playa Vista’s role in the burgeoning Silicone Beach area, the jury is no longer out. Playa Vista is THE HUB of Silicone Beach. Check…

Why does the home you really want always feel just out of reach?

Three Steps to Affording $100,000 More on Your Next Home Purchase   You can afford $500,000, but the one you really want is $600,000. Maybe you can afford $900,000, but alas, your dream home is now $1 million bucks. You have many options to get into the better property: Earn more; take in borders; barrow…

Los Angeles Home Prices Almost Double Since 2012 – No Inventory

The Los Angeles Real Estate Market is ranked at the 10th hottest market in the US (by Realtor.com)     Some of the others on the list are cities the size of Long Beach.  Yuba, CA has a population under 100,000 for the entire county. Here’s the list. You be the judge.   San Francisco, CA…

Mortgage Interest Rates Have Only a Minimal Impact on Home Values

If You Are Ready To Buy Now, You Can Still Capture Crazy-Low Mortgage Interest Rates.   Unless we are ready to throw the supply-demand price curve out the window completely, we have to assume that the more costly mortgage payments that a new homeowner will make on a 5% or 6% mortgage compared to a…

You Can Save $2500 per Year on a $500,000 Mortgage Compared to Just Four Weeks Ago

Flight to safety in financial markets can be your huge opportunity   Nobody predicted this. The pundits are all scratching their heads. The markets, all of the markets are in complete turmoil and confusion. If you are thinking about buying a house, investment property, or refinancing your current mortgage, now is the time to act.…

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…