Norris Bruce
Jun 11, 2018

Seniors And Children Under the Same Roof

Today’s News Synopsis:

Book-end generations benefiting from multigenerational living.  The housing market is starting to see more and more of the younger millennials buying their first home.  For almost $1 million, you can be the proud owner of an entire ghost town for sale in the Inyo Mountains.

In The News:

MarketWatch – “About those millennial homebuyers: they’re getting younger and younger” (6-11-2018)

“The brief spike in the average age at the beginning of this year may have been related to the 2017 tax cuts.”

Forbes “Does The Trump Tax Plan Make It Dumber To Pay Off Your Mortgage?” (6-11-2018)

“Big changes to your mortgage and taxes are coming, thanks to the GOP tax plan. These include limiting the deductions for property taxes and lowering mortgage limits from $1 million to $750,000 on your primary mortgage.”

Curbed – “How intergenerational living benefits the ‘book-end’ generations” (6-11-2018)

“A long-standing example of the benefits of bringing generations together is the Jenks West Elementary School in Jenks, Oklahoma, opened in 1999 and situated in the center of a skilled nursing center.”

Mercury News – “Does California have a mobile home shortage?” (6-11-2018)

“Bet you didn’t know California has 517,173 mobile homes.  While I was reviewing Census Bureau data on housing, a curious data point popped up: Only three states had more mobile homes than California.”

WRAL TechWire – “Trade in your house?  Startup launches a different approach to real estate in Triangle” (6-11-2018)

“Real estate startup Knock is now assisting home buyers and sellers in the Triangle after announcing their intentions to expand into the Triangle as the company’s third market earlier this year. Knock also operates in Atlanta and Charlotte”

HousingWire – “NYC ordered to resolve “unacceptable, illegal” public housing conditions” (6-11-2018)

“A new federal complaint alleges the affordable housing conditions in New York City are not decent, safe, sanitary or even legal.”

Mansion Global – “5 Early Signs a Real Estate Market is Going Sour” (6-11-2018)

“Hindsight may be 20/20, but investors necessarily don’t need perfect vision to see when a market is headed south.”

Mental Floss – “A Historic Ghost Town in California Is Up for Sale” (6-11-2018)

“For just shy of $1 million, a ghost town in California’s majestic Inyo Mountains could be yours.”

 

Hard Money Loan Closed

Manhattan Beach, California hard money loan closed. Real estate investor received a loan for $1,550,000,000 on this single family property.

Los Angeles Hard Money Loan

 

Bruce Norris will be speaking at the NSDREI 14th Anniversary Dinner Party on Tuesday, June 19.

Bruce Norris will be speaking at the Stay Put or Cash Out with LA South REIA on Monday, July 9.

Bruce Norris will be speaking at the ThinkRealty Irvine Conference & Expo on Saturday, July 14.

 

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The Norris Group

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