Carole Rodoni, noted Bay Area real estate and economy expert spoke at our meeting
on Tuesday and addressed many issues, including what she calls our grass roots
political and economical revolution. Some notes are below....
- She believes the new administration will begin changes first with infrastructure,
second with trade, and third with immigration laws. - Rates will no longer be going down, only up in increments. However they are
still relatively low, particularly considering that they have averaged around 7%
over the last 30 years. - The Bay Area economy tops the state and rest of the US, and has increase4d
by 8.9% between 2014-2015 alone. - You may find the attached form on Bay Area home prices based on BART and
CalTrain stops interesting. - She believes that if home prices were overvalued, then their would be no
demand, and supply is still outpacing demand. Real estate is the best
investment and you are guaranteed to build wealth in comparison to other
investments, stock, etc. You can benefit from appreciation, tax write offs
and tax deferrals. - We'll be seeing more lifestyle communities and a need for more housing
in areas outside of the Greater Bay Area to support the need for manufacturing and construction jobs for our tech and automation lifestyle will require more plants,
and more jobs. See the attached sheet on the top 20 real estate markets
over the past 30 years. - Automation is here and will only increase. Driverless cars and robots are
in our near future. - Business that are expected to do well and you might want to invest in:
-Insurance/Healthcare/Energy/Food Growth/BioTech/Pharma/Pure Water
Oil/Technology
Current inventory for Class 1 and Class 2 in Santa Clara and San Mateo counties is 1392.
What are your predictions?
Quote for the Week:
“ If life were predictable it would cease to be life, and be without flavor. ” |
~Roosevelt, Eleanor on Life and Living |
All the Best,
Lisa
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