HOME OF THE WEEK Tom Brezsny’s
Real Estate of Mind Provoking thought since 1990
Ore resciis nobitium qui utam estrum Continuing conversation...talking about que inimintthe invent ati ut fugiasp ienihil the busiest, longest, highest appreciating igentotatem auda quamus molupta Tom Brezsny’s market we’ve ever seen. A market no one quiat. could have imagined a year ago. And from Luptas berisqui simi, the loftydi perch of ourandi current $1.3quo million Provoking thought 1990molorem. median price, we’re since also trying to imagine essinulpa nimillaciam que whatest, the quibercima market will look like in another Vel si dus. year.resciis Ore utamquistrum estrum Am rerore, nobitium si volorio.qui Nemod There are ntiberum really only four possibilities: 1. The que inimint invent ati ut fugiasp ienihil resequu quid quas volorenet market can keep appreciating. 2. It can level igentotatem auda quamus molupta fuga. Et res sitatus andentem. Cabo. out. 3. It can go through a “normal” 10-15% Nobitatia illor rem volest que quiat. adjustment.volorero 4. It can come to a screeching vendus senistota Luptas berisqui andisam simi,hitatur quo halt. direstis aditiur? Qui dolorro ipsundit occupti essinulpa nimillaciam queis molorem. The easiest thing to imagine that we’re on busdae necaectium etThere’s plam dunt am the cusp of a huge crash. something Vel est, quibercima si dus. comforting insithe symmetry of “what sim verit quis minum, consenis regoes Am rerore, volorio. Nemod quistrum up has to come down” that’s hardwired sinienim qui aut iur modis as volorenet etur? into resequu ntiberum quas our brains. After the quid craziness of the last Torisquosae repuditas unt ut facia fuga. Et res sitatus andentem. Cabo. few years, the market has to crash! Crazy doloribus, utatetur? always happens right before bubble Nobitatia volorero illor rem avolest que bursts! restis Cerrume nienimi ligenducient verum vendus senistota sam hitatur fugitatem imremembers inimus,ipsundit voluptur? Quiberu Anyone who the crashoccupti of 2008 aditiur? Qui dolorro still suffers from PTSD et after the harrowing ptatur? busdae necaectium plam dunt am experience of subprime sales, Cepudandam quam siloans, bea short endusant. sim verit minum, re REOs andquis zombie housesconsenis of the Great Pudis sim quis maiorrovitem corrum sinienim quiLocally aut iur etur? Recession. themodis medianasprice fell alit, ium quoofcomniatiur aut 40% cusam and roughly 40% the inventory Torisquosae repuditas untactive ut facia im verspel laciae suntem wasfacepra made uputatetur? of Distress Properties. doloribus, ipsamus, quam sed estoesrise, maximus asse As the market continues collective Cerrume nienimi ligenducient verum volorerfero tem quod quoare voluptaquos levels of anticipatory anxiety also on fugitatem im inimus, voluptur? Quiberu theet rise. wants to be dolum the last person ex is No eicone te lit volupti ptatur? standing when the music iumquiatio exces erionstops. nihitWhen aut lat Cepudandam quam si bea endusant. frustrated and overwrought buyers imagine quam quis rem fugita conseditoniet, a crash, it gives permission quit eos Pudis sim quisthem maiorrovitem corrum eost alit late verum que coressin searching. When sellers racing to get their alit, cusam ium quo comniatiur aut homes on the market imagine a crash, Voloreca turionsedit quo etur? Quiit odit im facepra verspel laciae suntem validates mo the genius of their decision sell. quisciis optatur? Quaspit auttovolore ipsamus, quam sed es maximus asse There’s only onesiproblem: this market doluptiis inus qui es voluptas nos modi volorerfero tem quod quo voluptaquos bears absolutely no resemblance to the ilibus. subprime of 2008dolum even the ex et is eicbubble te litfaccus, volupti Ique nulparum is (or a conestr dot.com bubble of the late ‘90s). Bubbles iumquiatio exces erion nihit aut lat uptat. happen when too many people borrow quam quis rem fugita consedi niet, eos Alique ma enisi quatet audipsa money they can’t afford to am, borrow and eost alit late verum que coressin when too many builders build homes that piciaec usandite latur aut dicia quia shouldn’t built. Thinkquo 100% loans, no Voloreca turionsedit etur? Qui odit pa ipsantbe magnihicid quiate re ad que income/no verification, easyaut cash-out quisciis moasset optatur? Quaspit volore delibusam ut et ut odicidebit, siment refi’s and plenty of ghost subdivisions in doluptiis sidolorro quiPhoenix voluptas modi dem pori vitatia quia placesquae likeinus Las Vegas, andnos Fresno. ilibus. illatur? Voluptat aspernatum, serupta Rapidly increasing prices over the last Ique faccus, isnonsedipsum athe conestr ecesci res have eumbeen restium eight nulparum years about historic uptat. lack of supply that has grown more eum que dolorem nosonly dolum lam, historic over that time. Alllam the while, buyers Alique ma quatet am, audipsa etur, cust aenisi duntusdae dolorpo have actually had tolatur for theirquia loans. piciaec usandite dicia rempeliquid modisqualify autaut ataerror re They’ve also put record amounts of money pa ipsant magnihicid quiate ad que volorest optatio dempor aut down. And there are some ofaut there highest delibusam utequity etque ut rates odicidebit, siment explabo. Nem recuste posapel savings rates, and FICO scores we’vequae ever seen. dem pori dolorro vitatia quia illatur? aspernatum, serupta InterestVoluptat rates are incredibly low. Stock prices are at all-time highs. Tech employers are ecesci res eum restium nonsedipsum doing well. And only 1.1% of California eum que dolorem nos dolum lam, mortgages are underwater - nowhere near #01063297 etur, custRealtor® a duntusdae lam adolorpo the level needed toDRE precipitate crash. Not 831-818-1431 rempeliquid ataerrormore re to mention themodis fact thataut post-Covid, getreal@sereno.com people want to move to Santaaut Cruz from more volorest optatio dempor aut expensive marketplaces. explabo. Nem que recuste posapel PA IAm D AI missing DV ERTO RI A L Next Week: something?
Real Estate of Mind
Berkshire Hathaway HS Real Time Realty
HIDDEN VALLEY This property is tucked away in a grove of trees.
T
all pines and oak trees guard this Royal Oaks home at the top of a hill. Located at 708 Hidden Valley Road, the 2,483-squarefoot home includes five bedrooms and four bathrooms. The kitchen is outfitted with Italian granite and cherrywood, with maple and bamboo floors throughout the home. The primary bathroom features heated porcelain
floors with a jetted spa tub. The home features views of 600 acres that are protected by the Elkhorn Slough National Estuarine Research Reserve. A 687-square-foot guest house is also on the property with various structural and decorative upgrades. The home, built in 1976, is listed at $1,098,000 by Berkshire Hathaway HS Real Time Realty. For information, visit bit.ly/373qyJJ.
TOPS in Their Field Are You TOPS in Your Field? Call Debra 831.761.7325
Royal Oaks property features views of Elkhorn Slough
Tom Brezsny
Tom Brezsny (831) 722-4694
Realtor® DRE #01063297 831-818-1431 getreal@sereno.com PA I D A D V E R T O R I A L
PAID ADVERTORIAL
PAJARO VALLEY MAGAZINE | JULY 30 -AUGUST 5, 2021
Living life on the top
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