A large part of building wealth involves delaying gratification. Therefore, you might find yourself wondering whether to buy your dream home now or wait for a better price. But what if you wait too long and your dream home disappears forever? You might end up kicking yourself later for trying to save money when you
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Since 1999, I’ve been climbing up the property ladder to find the perfect house in a big city. What I’ve realized is that there’s no such thing as the perfect house. There’s a good-enough house or an almost-perfect house, but there’s always at least one or two things missing to make a house ideal. Additionally,
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It’s fascinating how two people can interpret a single image so differently. The same holds true for how homeowners and renters perceive the current economy. According to all the data, it’s clear that the economy is robust. However, the degree of its strength depends on whom you ask. The rent versus buy debate has raged
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I’ve now paid cash for a home twice: once for a fixer in 2019 and again for a fully remodeled home in 2023. In this post, I’d like to share some of the psychology of paying cash for a home. I know some of you think paying cash for a home is a poor financial
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Understanding how home prices fluctuate over time is one of the most intriguing insights gleaned from my post on the reasons behind property bidding wars. Learning how prices change will empower you to make more informed purchases in the future. I contend that timing the housing market is comparatively simpler than timing the stock market,
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Well folks, as anticipated, bidding wars are back with a vengeance, at least here in San Francisco. With so much tech wealth created in 2023 and 2024, the San Francisco real estate market in 2025 will likely be strong. If I were a real estate agent, I would never encourage my clients to engage in
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Unlike buying a primary residence, where I believe you should buy one as soon as you can afford to, purchasing a vacation property is a different matter. Nobody needs to buy a vacation property; it’s a luxury expense that everyone can do without. Chances are, you won’t use your vacation property enough times a year
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During the global financial crisis in 2008 – 2009, I expected the San Francisco Property Assessor Office to automatically lower my property tax bill. After all, home prices had topped out at the end of 2006 and had declined about 5% a year for three consecutive years. Instead of receiving a property tax bill reduction,
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Who stands to gain the most from the settlement reached with the National Association of Realtors regarding commission price collusion? The clear beneficiaries are residential real estate investors and owners. Why? Because they were the ones burdened with paying the so-called “standard” real estate commission ranging from 5% to 6%. Following the judgment against the
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If you’re aiming for more value and cost-efficiency, you might find it surprising that opting for a more expensive home over a median-priced one could be the way to go. While it may seem counterintuitive, let me explain. Since purchasing a pricier home in 2023, my family and I have been grappling with the budgetary
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