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Southern California housing figures to get tighter, pricier

01 Jun

http://www.ocregister.com/articles/family-656670-single-california.html What kind of urban future is in the offing for Southern California? Well, if you look at both what planners want and current market trends, here’s the best forecast: congested, with higher prices and an ever more degraded quality of life. As the acerbic author of the “Dr. Housing Bubble” blog puts it, we […]

US top court says 2nd mortgages on ‘underwater’ homes cannot be voided in bankruptcy

01 Jun

The U.S. Supreme Court on Monday handed a win to Bank of America by ruling that a second mortgage on an “underwater” home—one with a mortgage balance exceeding its current value—cannot by voided during bankruptcy. On a unanimous vote, the court ruled against two homeowners, David Caulkett and Edelmiro Toledo-Cardona, in Florida, where many homeowners […]

Carlsbad limits short-term vacation rentals

22 Apr

http://www.utsandiego.com/news/2015/apr/22/carlsbad-sets-limits-for-short-term-vacation/    PHIL DIEHL • U-T8:53 a.m.April 22, 2015Updated9:46 a.m. CARLSBAD — Short-term vacation rentals would be limited to Carlsbad’s coastal zone — rather than spread throughout the city — under a hard-fought ordinance the City Council tentatively approved this week. The council unanimously voted late Tuesday night in favor of the limited ordinance, bucking […]

Local Rent Price Data

16 Apr

The rental data below was submitted today in the following article by marketwatch.com: http://www.marketwatch.com/story/houston-rents-are-surging-despite-the-plunge-in-oil-prices-2015-04-15?siteid=bigcharts&dist=bigcharts Rank Metro market 12-month effective rent growth 1 San Jose 8.2% 2 San Francisco 7.5% 3 Denver 7.4% 4 Oakland-East Bay 6.2% 5 Seattle 5.4% 6 Nashville 5.3% 7 Houston 5.2% 8 Charlotte 5.0% 9 Miami 5.0% 10 Dallas 4.6% Zillow […]

San Diego #2 Least Affordable City

15 Apr

http://www.washingtonpost.com/news/get-there/wp/2014/11/17/the-major-cities-where-homeownership-is-the-most-and-least-affordable/ The major cities where homeownership is the most — and least — affordable The hurdles to homeownership are many. On top of saving for the down payment, some people are too busy stressing about other debt to want to take on a mortgage. Others are better off stashing the money away for retirement. But all that […]

Home Prices Locally Well Above 2006 Bubble Peak

01 Apr

This is an interesting piece as our local market here in Encinitas and surrounding communites is absolutely on fire. I’ll soon post up some specifics as well as an update on rents and some surprising data regarding same. http://www.cnbc.com/id/102554082?__source=realestate|news|&par=realestate Written by: Michael K. Farr President and majority owner, Farr, Miller & Washington LLC   The […]

It’s Tax Season : Sign Up at irs.gov Before Crooks Do It For You

01 Apr

http://krebsonsecurity.com/2015/03/sign-up-at-irs-gov-before-crooks-do-it-for-you/ http://krebsonsecurity.com This is pertinent to all who file tax returns – – >   f you’re an American and haven’t yet created an account at irs.gov, you may want to take care of that before tax fraudsters create an account in your name and steal your personal and tax data in the process. Recently, KrebsOnSecurity […]

Have rents peaked after the significant percentage increased the last few years?

23 Jan

Renting in San Diego, particularly North San Diego County has gotten what one might call “expensive.” Here are a few indicators: Sample # 1 ———————– 2544 La Costa Avenue Carlsbad, CA 92009 I managed/ rented it for $3500/mo in Summer of 2012. After selling it last year for $845,000, the new owner rented it for […]

Carlsbad Desalination Plant Update

18 Jan

http://www.seasidecourier.com/news/carlsbad-city-council-gets-update-on-desalination-plant/article_e844284c-9c59-11e4-bf35-8b5f941df803.html Seaside Courier Posted on Jan 14, 2015 by Seaside Courier A project that aims to provide San Diego County with 50 million gallons of water per day is expected to be in operation by year’s end. The Carlsbad Desalination Plant, located at Encina Power Station in Carlsbad, is about 77 percent complete, Carlsbad City […]