San Jose third costliest North American housing market -- if you believe the rankings

San Jose third costliest North American housing market -- if you believe the rankings

This title would make sense if "San Jose" included all the surrounding areas, such as Mountain View, Palo Alto etc. Regardless of whether or not it's 100% accurate, the truth is that San Jose is expensive. This is why so many people opt to purchase in Santa Cruz, and have a small commute. My feeling is that if you're going to make the commitment and buy, the best place to be is by the beach. That's just my (slightly biased) opinion. 

To read the entire article, go to: http://www.mercurynews.com/business/ci_29628585/san-jose-third-costliest-north-american-housing-market

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Silicon Valley billionaire demands $30m to restore access to former public beach

Silicon Valley billionaire demands $30m to restore access to former public beach

Just the title of this story brings up all kinds of emotions. I can remember back in 2008 when the property was purchased by Vinod Khosla, a Silicon Valley Billionaire. The purchase included all of the existing land leases that were in place, so for all of the people who had leases, they could continue to enjoy their homes but only until the leases expired. A lot of families grew up going to Martin's Beach, and now Vinod has decided that he wants the beach to be private, meaning that no one can access this portion of the coast any longer. To top it off, he has now demanded that if he does restore public access, the State of California must pay him $30 Million. I, for one, am all for peoples right to own property and have privacy, but where do we draw the line? Do you think Mr. Khosla should be able to keep Martin's Beach private?

To read the entire story, go to: http://www.theguardian.com/us-news/2016/feb/23/vinod-khosla-martins-beach-silicon-valley-billionaire-public-access-beach

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California Homeowners Caught in Affordability Squeeze Staying Put

California Homeowners Caught in Affordability Squeeze Staying Put

Whenever the Santa Cruz / Bay Area housing market starts nearing a peak, most home owners contemplate selling. They see all the appreciation in their home and want to capitalize on it. The main question this brings up is, "what's our next move"? Do we buy back into this overpriced market or do we rent until prices come back down? The answer can sometimes be tricky, it really depends on the sellers circumstances. For me, I like to try to get the most out of the market, so selling and then waiting for a market reset is my first choice. What are your thoughts? 

To read the entire article, go to: http://www.worldpropertyjournal.com/real-estate-news/united-states/los-angeles-real-estate-news/california-home-affordability-2015-survey-of-california-homeowners-california-association-of-realtors-rising-home-prices-in-california-affordability-squeeze-real-estate-news-9326.php

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More millennials stuck renting for years before buying home

More millennials stuck renting for years before buying home

Real Estate investments have been and always will be my favorite investment vehicle. They hedge against inflation and provide a great retirement. With all this being said, more experts are are commenting on the fact that millennials are waiting longer than other generations for home ownership and opting to rent for an average of six years. This only strengthens my case with purchasing rental units.

To read the entire article, go to: http://www.santacruzsentinel.com/general-news/20150817/more-millennials-stuck-renting-for-years-before-buying-home

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