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The Dirt on the Promenade Part 2:
Blog
The Dirt on the Santa Monica Seller’s Market
Despite the cold weather lately, the housing market here in Santa Monica is still hot hot hot, especially for sellers. Want proof? Let’s take a look at the current Market Action Index (MAI). The MAI gives us a number for the balance between supply and demand using the current rate of sale versus the current inventory. Santa Monica’s current MAI is hovering around 48.… Continue Reading The Dirt on the Santa Monica Seller’s Market
The Dirt on SB 9 Part 2: The Fight Over Zoning Continu...
I’ve heard from most of my friends and clients that they oppose SB 9 and 10 and worry about the consequences of the bills. If you are like most people living in an R1 zoned area you might be happy to learn that some cities in California are pushing back. As you probably recall, senate bills 9 and 10 allow for the building of duplexes and fourplexes… Continue Reading The Dirt on SB 9 Part 2: The Fight Over Zoning Continues
Zillow On The Ropes? The Dirt on iBuyers
Have you heard the expression “iBuyer”? The term can be used to mean “internet buyer” but more commonly it means “instant buyer”. The term was coined by companies like Zillow and Opendoor that use price modeling algorithms to value property and who will sometimes buy and quickly resell homes. The consumer draw to selling “iBuyer-style” is the relatively quick and easy turnaround for cash, in as little as 24 hours in some cases as there’s no need for repairs, preparing, staging, or showing the home. This can… Continue Reading Zillow On The Ropes? The Dirt on iBuyers
The Dirt On Single Buyers
Unless you have been living under a rock somewhere, you are well-aware that it is not easy to buy a home today. Competition is fierce for the few homes that come on the market each week. With mortgage rates remaining relatively low, plenty of people are seeking affordable homes. Among the hopeful buyers are the rising number of one-person households, whose ranks in the… Continue Reading The Dirt On Single Buyers
The Dirt on the SM-MUSD Divorce
Divorce is never easy. Unfortunately, Santa Monica and Malibu never thought about a prenup when they combined their school districts. Now Malibu wants out. Having had 2 of my 3 sons at Franklin Elementary school and then moving to Malibu and having all 3 attend Malibu high, I can easily testify that this has been a very long divorce battle. So long that I… Continue Reading The Dirt on the SM-MUSD Divorce
The Dirt on the Promenade Part 2:
Patrolling Downto...
There is a turf war waging in Santa Monica’s downtown Promenade and it’s not between rival gang members (this time anyway!). Rather, it is between the Promenade’s business owners and the Mayor of Santa Monica. John Alle is a property owner suing the City of Santa Monica over the maintenance of the Promenade, or lack thereof. For months, he has complained to city officials… Continue Reading The Dirt on the Promenade Part 2:
Patrolling Downtown Santa Monica
The Dirt on The Dispensaries Part 2
While marijuana is legal in California, Santa Monica residents need to venture outside their neighborhoods to obtain the stuff…. for now. After the legalization of recreational marijuana in 2017, only 2 cannabis companies were able to apply for licenses. After ranking 2nd out of 21 applicants, CPC Compassion Inc. has secured a location at 925 Wilshire Blvd. They were able to apply for a… Continue Reading The Dirt on The Dispensaries Part 2
The Dirt on SB9 and SB10
California’s severe shortage of housing is driving a couple of Senate bills that have neighborhood associations on edge. Proponents for the bill SB9 believe the housing shortage problem stems from it being illegal to build more middle-income housing in 70% of the state. They believe SB9 is the key to fixing this as SB9 makes two important changes to state law: It allows homeowners… Continue Reading The Dirt on SB9 and SB10
