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Prices Chase Away Home Buyers?
This was the sub-heading of a Daily Pilot article I came across as I was sorting through old archives in a home I recently purchased in Laguna Beach. The article was published on May 8, 1977 and was preceded with the headline “Fantasy Fades Out,” meaning the fantasy of home ownership. It went on to […]
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First Half 2021 vs. First Half 2020
OFF THE CHARTS When compiling year-over-year statistics, economists tend to work in single-digit percentages. For example, the U.S. GDP growth over the past few years has bounced between 2% and 3%. People start to panic when inflation goes over 5%. Most investors would agree that the stock market has had a fantastic run in recent […]
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Proposition 19 – What Is It?
Proposition 19 recently passed, amending California’s Constitution by expanding qualifications for the transfer of a property’s taxable value. Beginning April 1, 2021, Prop 19 allows an owner of a primary residence who is over 55 years of age, severely disabled, or is a victim of a wildfire or natural disaster to transfer the taxable value […]
