Mindblown: a blog about philosophy.
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A Real Estate Professional serving Silicon Valley since 1993 | Homebuyers Need a Salary of $190,000 in California
Sharp increases in mortgage rates and home prices since the pandemic have driven up the income required to afford a home across the nation. California tops the list with the highest salary requirement for buying a median-priced home, at $197K annually.
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A Real Estate Professional serving Silicon Valley since 1993 | California Construction Slowdown Threatens to Exacerbate Housing Crisis
California's housing construction is slowing down due to several factors. Rising labor and material costs, strict regulations, and high borrowing costs make it difficult for developers to make a profit.
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Renting Is A Smart Financial Move To Avoid Becoming ‘House Poor’
Renting is seen as a strategic choice to avoid becoming 'house poor' by stretching finances too thin. It allows time to save for homeownership without the added financial responsibilities. Criteria for buying a home include being debt-free, having an emergency fund, and making a 20% down payment. Renting is advocated for its lower costs and…
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A Real Estate Professional serving Silicon Valley since 1993 | Impact of NAR Settlement in California
Sellers and buyers to scrutinize commission structures more, moving away from common assumptions.Concerns raised about significant commission increases without corresponding changes in REALTOR® efforts.
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A Real Estate Professional serving Silicon Valley since 1993 | What Are the Unique Challenges of Moving Within California?
Moving within California requires careful planning due to its diverse geography, housing markets, and transportation systems.Challenges include navigating climate variations, high cost of living, competitive housing markets, and traffic congestion.
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A Real Estate Professional serving Silicon Valley since 1993 | California’s Working-Class Towns Turn Into Million-Dollar Cities
Working-class towns in California facing housing crisis, with median home prices surpassing $1 million.Cities like Placentia, Orange, Tustin, Bonita, Cerritos, and San Gabriel seeing substantial increases in home values.
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Blueprint for housing development in Los Gatos receives state approval
The seventh draft of Los Gatos' Housing Element was approved by the state after much revision. The document outlines plans to build 1,993 housing units, mainly through redevelopment due to geographical boundaries and wildfire risk. The town council will now work on implementing the plans outlined in the Housing Element. Continue to full article
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A Real Estate Professional serving Silicon Valley since 1993 | California Repeals Tax Break for Second Homes
Repeal of tax break for vacation homes aims to redirect millions to essential services. AB 2616 proposes repealing Mortgage Interest Deduction (MID) on second homes.
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A Real Estate Professional serving Silicon Valley since 1993 | California’s Tax Ranking: High, but Not Highest
Considering various taxes along with lower income rates for smaller incomes, California ranks 37th. A household with the median income in California pays approximately $11,106 in total state and local taxes annually.
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A Real Estate Professional serving Silicon Valley since 1993 | Honoring Our Nation’s Heroes on Memorial Day.
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials.
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