Thats what happens when there is limited real estate and everything is pretty much built out.
As long as your home isn’t in the area of palos verdes where it’s prone to land shifting at such a dramatic pace, the home will be sold.
Watch the NIMBYs in PS/Stonegate/OH force a buyout of the landfill. It’s shocking how people don’t know the area they are buying. All these fines will just be made up by increasing the trash delivery fees in the area anyways
I showed my sister a view lot in Irvine that oversees the city with a great sunset. You know what she said? “What view? That’s a view? For 1M+? No thank you”.
And there you go. This applies to 90% of view lots in Irvine.
The TikTok part is interesting. I’d be curious to know how much cash it’s printing as a business.
Regarding the AI infrastructure play I think there are already many players here like CoreWeave and Nbis. It requires a good amount of spending and I’m honestly not sure if we need to have 10+...
We always have agents that are incompetent. I would argue the market has a lot to do with the situation at hand here as we have never seen interest rates this high since the 2008 recession
I am seeing closed sales in the last month lower than before. It really depends on the seller and whether or not they need the money asap. Otherwise they can wait until home buying season next year as it seems rates will be lower then.