World traveler (pre-kids). West Coast IPA drinker (post-kids). Leading tech co’s. #GoStanford
Oakland, CA
Joined March 2009
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Great, in depth read about how San Diego is using ADUs to address the lack of “middle housing”.
Not your grandma’s granny flat: How San Diego hacked state housing law to build ADU ‘apartment buildings’ calmatters.org/housing/2023/…
Really worthwhile read on the near future of the real estate market from Redfin’s chief economic officer redfin.com/news/housing-mark…
A “reverse crash” in the housing market explained. I’ve definitely noticed it- homes in our area (East Bay) just keep going 👆🏽 gobankingrates.com/investing…
"We see the line between mild recession and soft landing as increasingly fine” 👏🏽
After a pause, US Fed likely to hike interest rates to 22-year high news.yahoo.com/pause-us-fed-…
Ouch! Tax rate rose from 25% to 40%?!
Short-Term Rental Saturation Leads to a Correction – and Lots of Home Sales skift.com/2023/07/21/short-t…
Good read. Pretty insightful.
Loan officer: I’m seeing middle class homebuyers take on $7,000 mortgages thinking they can ‘always refinance when rates come down in the future’ finance.yahoo.com/news/loan-…
I’ve been hearing more and more about this divide between the housing haves vs have nots and how it will only growing wider from here on. Not sure what policy makers can do to protect us so best to try protecting yourself with a locked in mortgage cnn.com/2023/07/12/homes/ren…
Wow, that’s nuts! America’s first craft beer will cease to exist😨 though if I’m being honest, I stopped drinking theirs many years ago. The recipe never really evolved, IMO.
San Francisco's Anchor Brewing Company says it's ceasing operations sfgate.com/food/article/anch… via @SFGate
Looking back, that was insane- near free $ to buy highly leveraged, highly appreciating assets🤨
Real estate expert: Mortgage rates won't go back down to 3% in my lifetime - CNBC apple.news/Ab_xem4zHTzeswVPH…
“Firming prices have now fully erased the pullback we tracked through the last half of 2022”
Wow, that housing drop was short😮💨
Home prices hit a new high in May as inventory remained woefully low finance.yahoo.com/news/home-…
What's Going on With the Housing Market? Mortgage Rates, Inventory Explained markets.businessinsider.com/…
🥶
Housing Market Ice Age: Fewer Sales, Higher Home Prices, Less Inventory businessinsider.com/housing-…
Just signed up.
@ankurnagpal question: I’m trying to school my 13 year old nephew, teach him what I wish I knew then. Would workshop content be relatable enough for a high school freshman?
Im thinking just being around the content and community is beneficial regardless of age
This is what I expect too. You’re already seeing in the desirable East Bay cities- Orinda, Lafayette, Walnut Creek. And it’s only gonna get more acute.
House Prices: Why Low Supply Will Drive the Market up After a Drop markets.businessinsider.com/…
“The bottom line: Last year, the housing sector looked to be leading the economy into a recession. Now it's helping America stave one off.”
America's housing tailwind axios.com/2023/06/20/america…
“it has really created that feeling of scarcity for homebuyers,”
I’ve definitely felt that scarcity- there was a small window end of 2022 when putting in offers, we were 1 of 2/3 bids. For the last few months, we were 1 of 10-15 bids😖 sfchronicle.com/realestate/a…
What a difference a year makes:
“in June 2022, Powell told reporters that spiked mortgage rates would help to ‘reset’ the U.S. housing market”
And now, June 2023, he’s saying it’s “bottoming”- whatever that means, but the tone is 180 more optimistic. fortune.com/2023/06/14/housi…
Not really applicable to our current income bracket (yet!!) but seems like a very interesting strategy for those (quite) high earners out there.