real estate

Investor Groups with Cash Pushing Middle-Class Homebuyers out of the Market

A trend has emerged in the Silicon Valley real estate market, where middle-class homebuyers are losing out to cash buyers—often investment groups from overseas—who convert owner-occupied homes into rentals. The natural tendency of sellers to choose quick, guaranteed sales over offers with financing contingencies is a new assault on middle-class home ownership, a shift likely to expand the ranks of landlords and tenants and make home ownership an increasingly elusive American dream.

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Call before the Housewarming Party

About twice a month, I get an inquiry from someone who is considering purchasing a home in my council district. I think it is good idea as it shows they are doing their due diligence.

Councilmembers are often the conduit in which information flows about neighborhoods. We are on the receiving end of emails, phone calls and conversations at the grocery store where residents share information and perspectives that they often do not want to vent in a public forum amongst their neighbors. Thus councilmembers are able to have both a top-level and detail-oriented perspective of the neighborhoods in their districts.

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