The California Housing Market: Honest it is not a conundrum...

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Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/5cBf

The California Housing Market: Honest it is not a conundrum! There is a simple solution to fix both the Housing Shortage and the Astronomical Prices.

www.endrebarath.com

How many times have you heard or read that the California Real Estate Market is such a difficult housing market? The answer is so simple, it is due to the Housing Prices. In other words, it is all about the affordability in our state. Home prices have increased astronomically compared to the national averages. Why is that? Politicians and Housing Gurus are wringing their hands and the standard mantra:  We need to solve the Housing Shortage and help the Homeless Population.

www.endrebarath.com

Just as a background I have been a greater Los Angeles Realtor for about 22+ years and I have heard this virtually every day “we need to study this problem” then after hundreds of thousands of dollars paid to consultants who happen to be “friends of the politicians” the solution is announced “we need to raise taxes”.  No do not worry this is not going to be a political rant.

www.endrebarath.com

The, SOLUTION is simple” Build more housing”! So, what is stopping development in Los Angeles? As a Vacant Land Specialists who works and talks to developers, the answer is so simple: Why does it take three years to never to get a home approved for building in Malibu? Two reasons, one of it is the Building Approval Department in Malibu and the second is the Coastal Commission Approval if the land is within two miles of the Pacific Coast. Hence here is the answer: Lift the restrictions and unnecessary delays in the Approval Process.

www.endrebarath.com

Why does it take two to three years to build a home in the Hollywood Hills? Two reasons: The Los Angeles Baseline Ordinance more affectionately known as the Hillside Ordinance and neighborhood activism! Yes, those same neighbors who built their home do not want you to build your home and will work overtime to slow you down. This we affectionately call NIMBY-ism aka., ‘Not in my Back Yard’ mentality.

Now with that said you will hear that there is not enough land: They do not build land anymore… there is a limited supply… OK I get it. So, what is the solution you might ask? Again, if you have been keeping up with the facts Amazon has basically destroyed the Shopping Malls on the ground, you see them struggling trying to survive. Malls are bringing in Restaurants to attract foot traffic. Sorry this is just a short gap answer. Let’s face it the vast majority of us have switched over to shopping via the Internet, to get the best value and prices.

Hence, my long-term answer is simple: Convert the Shopping Centers to Multi Unit Housing. Simple, all the politicians need to do is change the Zoning Restrictions.

www.endrebarath.com

Now, to summarize: 1. lift restrictions for developers to build and 2. simplify the Zoning to build. Clearly this would allow the massive shortage of housing for Purchase and even for Leasing to shrink. The rest is simple economics. This would permit development to happen and when there is more inventory then the prices would be more in line with the rest of the Country.

Clearly this is such a simple solution so why not implement this idea? Anyway what do I know, I am not a politician just a Beverly Hills Realtor!

 

 www.endrebarath.com

  

 

If you are looking for a focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!

If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com  I contribute a portion of my commission to local animal rescue organizations.

 
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Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Endre - I am not interested in "if I could be a King."  Maybe you could step in.

Jun 04, 2018 06:28 AM #1
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Anna Banana Kruchten CRB, CRS
Phoenix Property Shoppe - Phoenix, AZ
602-380-4886

Endre it will take a business person to solve the issues these massive issues. Perhaps that person will be you   I know, I know none of us wants to go in that direction but getting rid of a lot of red tape and restrictions would help tremendously.

Jun 04, 2018 08:40 AM #2
Rainmaker
3,237,525
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael Jacobs  sorry not interested either, I just wish that all the people that complain about this issue would read my post and implement it:)Endre

Jun 04, 2018 10:46 AM #3
Rainmaker
3,237,525
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Anna Banana Kruchten CRB, CRS, Broker  absolutely  you and I are on the  same page, since our local politicians are having such a Conundrum I thought I would throw it out to them what I consider an easy solution. Hopefully they are reading my post:)Endre

Jun 04, 2018 10:48 AM #4
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Endre-it looks to me that you know what you're talking about. I can add to your solution...term limits!!!  Let people like you who have your ear to the ground come up with the solutions. 

Jun 04, 2018 03:58 PM #5
Rainmaker
1,512,523
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Endre Barath, Jr., I echo the comment left by Anna Banana Kruchten CRB, CRS, Broker,  there's such thing as too much government. 

Jun 05, 2018 09:25 AM #6
Rainmaker
3,237,525
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Beth Atalay  indeed a little simplification would help in the Building Approval Process and Anna Banana Kruchten CRB, CRS, Broker  this unfortunately has been going on for the past 20+ years that I have been involved with vacant land, instead of loosening the reigns they have been tightening them...Endre

Jun 05, 2018 10:18 AM #7
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Michelle Cherie CarrCrowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

I understand the frustration with this, "Why does it take three years to never to get a home approved for building in Malibu?"

Jun 05, 2018 12:12 PM #8
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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