The UN estimates the human population will reach and exceed 7 billion today. “U.N. forecasts suggest the world population could hit a peak of 10.1 billion by 2100.” I imagine they’re going to need housing, so bonus for me. Here’s the Halloween scary part though, “it was just over two centuries ago that the global population was 1 billion — in 1804.” Back then, even this guy, Robert Malthus was concerned. Wonder what he’d think today? Happy Halloween indeed.
We are sometimes asked if we’ve seen the real estate market “bottom.” Our crystal ball is cloudy, but for years now we have felt safe predicting that we will bounce along the ostensible bottom for some time. This revealing chart from the California Association of Realtors bears that out. Still breathtaking every time I see that bubble laid out. This is for all of California, so local mileage may vary. All real estate is local. Still, this one tells the tale, of statewide housing prices bouncing and scraping along a “bottom.”
“Renters are the next Mortgage Crisis.” That’s the premise of this thoughtful article in Forbes. The recent bad press over homeownership may be making more people consider renting over owning. But what’s the long term outlook for the renter class? I plan on retiring to a paid-off home with no payments to fuss about in my golden years. I’ll get there by paying off my 15 year mortgage at a low fixed monthly rate. If I was renting, I’d end up after 15 years with nothing but a stack of rent receipts. And rents are going up. All the time. I don’t want to be worrying about that uncontrolled rent inflation when my income may be limited. Don’t get me wrong, renting is a good answer for some people. And if you timed it right, to sell in 2005 and rent till today, good for you! But the market timing now favors the buyers. Don’t screw up your retirement. It’s tough to make it up later.
“Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.” So says a slide from a recent presentation by Leslie Appleton-Young, Chief Economist for the California Association of Realtors. Sounds plausible. Below is her summary of the California housing market for September.
Here’s our newest listing. This large home sits on an oak shaded .79 acre parcel in southwest Redding. It has a nice pool and a spa. The main house is a 2335 sqft 3/2, but has a large addition not counted in the footage. That’s the room with the billiard table, and the other one through the doorway.
It also boasts a detached 1/1 in law unit. There is also a pool house with a full bathroom for a total of 4 full baths. There is a 2 car garage, a shop, and some more outbuildings on the spacious, level lot. You can also purchase the adjacent .81 parcel for a negotiable price. One bedroom has a wheelchair accessible shower. The seller is wanting to downsize, so may look favorably on trading equity into a smaller, neat local home. Never hurts to ask.
Below is our tour video. Be sure to watch it in 720p HD. Call us if you want to see more of the home, or call your Shasta County Realtor. (530) 244 7603.
This idea took me off guard at first. Sell off our real estate to foreigners, in return for a visa in the U.S? On reflection, what could be more American, or more purely capitalist? In the name of reducing pressure from the housing crisis, we again demonstrate that in America, everything is for sale. At least for half a million bucks. I’m certain the idea makes perfect sense to any U.S. senator. Click on the image below to read the whole story…
“Stunning private ranch estate on 717.36 acres! Over 5644 sq. ft. in the main home and another 3800+ sq. ft. in the TWO guest homes. 5 bedrooms, 5 baths in the main house and 7 bedrooms and 4 baths in the two guest houses. Main home features OVER THE TOP quality construction and amenities AND the BACKYARD…the pool has THREE levels AND a cave! An entertainer’s dream home and a HUNTER’S PARADISE!”
So writes listing agent Ron White of The Real Estate Group. “AND a cave!” Well evidently, somebody liked hunting, especially the taxidermist. Click on any of these images to enlarge them. “OVER THE TOP” seems an understatement. Hey, remember those yuppie cavemen from the GEICO commercials? Again, these images expand nicely. There are 63 photos of this luxurious estate with cave in Cottonwood California at the link. Take your time. There’s much to see. Not sure we see the actual cave though. Unless…
We’ve never known anyone shopping in this price range, so you could be our first. Call us up to schedule a showing, but be prepared to show them the money. Or at least some evidence that you could actually buy it.
“Our desire for independence has made us dependent. On automobiles. On cheap energy. On transfer payments between governments. On debt.
Our expectation of plenty, and our expectation to pay only a portion of the full cost of growth, has led to a scarcity of resources. Our approach to land use now constrains us, growing our financial commitments at an alarming rate. It threatens real American prosperity with long-term economic stagnation and decline.
We can do better.
Announcing Strong Towns, a nonpartisan, nonprofit organization focused on the root of these systemic problems: our land use patterns—the way we have designed our towns and neighborhoods.
Strong Towns are viable places. Join us to make your community a Strong Town.”
This interesting listing turned up in the MLS yesterday. We like the address: shot gun. In contrast to the last post about Houzz, these real estate photos are a bit more rural than urban. Click on the image to see either one expanded to splendid full size. Representing the seller is Realtor Jill Barnett of C21 Big Pines Realty. She writes of it:
“Rural area of Big Bend, Shot Gun Road is about 7 miles past the Big Bend store. Lots of water.”
All right then. Says it’s 10 acres with a well and septic system. If you have an interest in shot gun, or any other listing in the Shasta MLS, give us a call.