Investing in San Diego Real Estate
A “WOW” Idea For Making Solar Energy Actually Affordable For Homeowners
July 28th, 2008 categories: Buying San Diego Real Estate, Investing in San Diego Real Estate, Local San Diego News You Can Use, San Diego Real Estate, San Diego Real Estate News, Selling San Diego Real Estate
I was reading the editorial section of the Sunday newspaper that I do with religious regularity and someone wrote in about an idea that makes so much sense.
Some consumers out there just have so much to share when they express their ideas and it can really make quite a difference, especially if the idea makes good financial sense.
The idea actually for this editorial came from the city of Berkeley California that has proposed setting up a program that would create superb possibilities and answers two of the biggest problems for consumers to be able to afford solar energy at their own homes.
Problem #1 - High initial solar panel purchasing and installation costs
Problem #2 - Recovering the cost of providing solar when selling the home
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US Opens Comes to San Diego at Torrey Pines
June 11th, 2008 categories: Investing in San Diego Real Estate, Local San Diego News You Can Use, San Diego Real Estate, San Diego Relocation, Selling San Diego Real Estate
The excitement begins this Thursday June 12th. San Diego is all dressed up and waiting the many many thousands that are descending in our wonderful community. Torrey Pines, a public course in La Jolla over looking the ocean, will host this marvelous event and the players to watch are 2 of the worlds best players , Tiger Woods, currently ranked number one in the world and his playing partner, the player ranked number 2 in the world, Phil Michelson.
As play begins early Thursday morning,the 3 day event will expose San Diego to an International audience and it would surprise no one if we saw a real surge in people migrating here from all parts to take up residency here in America’s Finest City.
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Where Are We Headed In The Housing Markets For 2008
December 31st, 2007 categories: Investing in San Diego Real Estate, Market and Forecast Updates For San Diego, San Diego Real Estate, San Diego Real Estate News
It is now time to refocus my energies here to provide you with some insight and perspective as we begin anew to redefine the characteristics of the current housing market and where we are likely headed in 2008.
Looking back, 2007 has been a most unusual year. The housing market has seen a lot of correction and some real disappointments coupled with some mostly obscured indicators that the market is actually improving.
As we begin this year that will have the media being dominated by election year prognostication, there will also be many words printed about the housing market and the direction the media intends to emphasize as the year progresses. There will no doubt be further effort to undermine any efforts of recognizing this market as a glass half full. But the best investors world wide have always recognized the golden opportunities that lie at the heart of the medias effort to portray any weakness in the markets as death knells. The best usually pick up the gauntlet and run with it to find even more new riches at the expense of the weakened and weary current holders of the assets.
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Microsoft Buys a piece of Facebook and a Little piece at that for $240,000,000
October 27th, 2007 categories: Investing in San Diego Real Estate, Selling San Diego Real Estate
One of the most successful social network sites on the planet (5th Largest I believe) sold a small slice of itself to Microsoft for $240,000,000. Earlier CEO , 23 yr old Mark Zukerberg spurned a take over bid by Yahoo for $1,000,000,000. That is 1 cool billion. With Microsoft coming to the plate for a 1.6% share, it allows for Facebook to complete its ambitious expansion plans and maintain ownership. Facebook CEO Zukenberg will consider a public offering in a couple years , no doubt believing that the company will be worth no less than 10 times what Yahoo tried to snag it for.
The Facebook site with it 47 million users has really been sort of an experiment in that it no longer limits it attraction to college kids but opened itself up to anyone that was interested. There is currently no commonality in the specific traits of its users and it allows anyone to jump in, in a sort of free for all, at least as far as directing it towards one group or another.
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Chief Economist with Moody’s.com Makes Headlines around the US
July 27th, 2007 categories: Buying San Diego Real Estate, Investing in San Diego Real Estate, Market and Forecast Updates For San Diego, San Diego Real Estate News, Selling San Diego Real Estate
I wrote about Fannie Mae and Freddie Mac Titled Aunt Fannie and Uncle Freddie are Coming To The Rescue€¦, yesterday getting more involved in trying to help with the sub primes crisis. It was as most of my writing is, a positive news item. Late yesterday after I posted that piece, I received notice and an article written that included Mark Zandi comments. Mark Zandi is the chief economist with Moodys .com. The article was titled Subprime could create global crisis
This mornings headlines in Business news around the country contain his projections for the bottoming out of home prices to continue through 2008 with credit problems to remain elevated well into 2009.
Many of my ActiveRain readers compliment me for finding the positive in our markets and usually highlighting the glass half full scenario instead of the opposite viewpoint.
The stock market over the last few days is responding to the Moodys study which Mark based his forecast on. Read the rest of this entry »
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Real Estate Symposium in San Diego was a Real Hit !
June 29th, 2007 categories: Investing in San Diego Real Estate, San Diego Real Estate, San Diego Real Estate News
I spent 8 hours yesterday attending a fantastic Symposium in San Diego presented by Stewart Title. The day was loaded with wonderful speakers and presentations about Short Sales, Marketing,Smart Exchange for the investor client, New marketing tools, Web2, and a Lively featured speaker for Joe Stump’s By Referral Only organization on upcoming 3 day Training the Main Event Burbank CA. in September.
I believe there was in excess of 100 San Diego Realtors in attendance with breakfast and a lunch provided. It was an exciting morning with great presentations. I haven’t attended one of these Symposiums before but I can tell you without reservation that the information presented was awesome.
Speaker after speaker ,the information presented was excellent and the one next one up was going to be discussing Web 2. Reese Harris of ListingCard.net the presenter for Web 2.0 then asked the question if anyone knew what the difference is between the new Web 2.0 vrs Web 1.0. No one said anything and I sure wasn’t going to say anything, I am sitting in the front row and just wanted to see what was to come next.
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The Structured Sale ( Con’t )
June 22nd, 2007 categories: Investing in San Diego Real Estate, San Diego Real Estate, Selling San Diego Real Estate
One of the best ways to understand the Structured Sales is to think of it as an Installment sale with enhancements.
Understanding the flow is easily done with the following flow chart. Permission was granted for me to use this chart from Capstone Bay as they are assisting one of my clients currently working on a Structured Sale.
Flow Chart courtesy of Capstone Bay
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The Basics of a structured Sale
June 22nd, 2007 categories: Investing in San Diego Real Estate, San Diego Real Estate, Selling San Diego Real Estate
The Structured Sale is a vehicle to defer a big tax bite into more bite size portions. A seller who owns appreciated real estate holdings that they acquired through the a 1031 Exchange and would prefer to Cash Out, the structured sale may be just the idea whose time has come.
The way it works is similar to the installment sale. A Structured Sale combines all of the tax-referral benefits associated with a traditional Installment Sale, while providing guaranteed interest-bearing income payments and lump-sum distributions over a period of time in the form of an annuity.
I put a flow chart in to the previous post for reference. It shows the way the basic structured sales works and the the parties involved. This Structured Sale vehicle is particularly beneficial to those individuals who are ready to “cash out” of the appreciated asset, such as real property.
In preparation for converting that asset into income for retirement and/or estate planning purposes, the structured sale might be the preferred way to proceed. Because its a guaranteed income, it may fit their need for a consistent, stable, and predictable income. This idea is especially useful as it might apply to circumstances such as transitioning a parent or themselves into retirement-oriented or even “assisted” living situations.
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