Posts Tagged ‘exodus’
RERL-1764- Is California bad for business?
After many decades of finding talent and reaping success in California, Larry Ellison packed up Oracle and headed for Texas – and he’s not the only one. Charles Schwab followed suit and now Elon Musk has confirmed Tesla will also be finding a new home in Austin. Those are three big blows to California that…
Read MoreRER-1751-California opening, and rates are going up. What will this do for housing?
It’s been happening for a while, but you could unofficially call 2020 the year people wanted to leave California. We saw the economy have a massive run up coupled with crazy low interest rates that made it too tempting to buy no matter the cost. Joe Cucchiara and Jack Russo team up to discuss how…
Read MoreRERL-1750-Why everyone’s fleeing to Florida, and careful with a vacation home purchase!
There’s a lot going on in Florida and if you haven’t looked into it yet, we’ve got you covered. Jack Russo provides us with an insider’s look at all the ways Florida is drawing in people from more than just California – and yes, it goes well beyond affordable housing! Politics and recreation aside, it…
Read MoreRERL-1749-Boycott B of A, and don’t be so quick to sell your home!
Why boycott Bank of America? If your privacy is important to you, then you will want to strongly consider switching your account to a different bank. Bank of America has been sharing private information with government agencies about consumer spending habits in the time around the January 6th Capitol riots. Though it is easy to…
Read MoreRERL-1748- How Does the Election Impact Real Estate Investors?
As an industry, the National Association of Realtors is a strong lobbying body in Congress, but in one week, a new administration will take office. Regardless of the NAR’s power, many things will officially begin to change starting January 20th and smart investors will start planning for new changes. Joe Cucchiara asks Jack Russo what…
Read MoreRERL-1746-Business and Real Estate – Small actions yield big HQ implications for Uber, Wells Fargo, Chevron
Wake up California! Big companies have had it and are finally leaving for a more business friendly state. For a few years now you have heard us talk about how California residents have flocked to states where homes can be 1/10 the price for a lot more space and are a lot more attractive when…
Read MoreRERL-1740-Big City Rents Dropping… Are Big City Home Values Next?
From San Francisco to New York City, rents are drastically dropping across all the major US cities. For years you have heard us talking about building modular and prefabricated homes as ways to get the price per square foot down. More recently we have focused on the exodus of California and other high-income states (or…
Read MoreRERL-1737-Silicon Valley Stress – The Reason for Some Leaving?
Business students will remember learning about creative destruction, the notion that out of every destruction something new is created. What doesn’t get talked about is how quickly that something new gets created. Whether we find a covid vaccine or not by the end of 2020, the virus has already changed Silicon Valley. Joe Cucchiara and…
Read MoreRERL-1735-California In A Crisis
California is in the middle of a crisis that is indirectly affecting everything from real estate to jobs to businesses. Of course this problem of consumers fleeing state and country in search of lower cost living is happening all across America, but as the sixth largest economy in the world, it just wouldn’t be California…
Read MoreRERL-1687- Leaving The Bay Area
The last 4-5 years your typical client is moving out of the Bay Area, heading to areas of California where real estate is cheaper or leaving the state altogether. Many people are fortunate to work for a company that helps them with this move, assisting with everything from sale to purchase and even helping with…
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