Want lower home prices? Cut incentives for house investors
Basic economics tells you that if you lower the demand for a product, the price should fall. Limiting financial incentives for housing investors could increase the share of homes owned by the folks who live there. Consider a new study from the American Enterprise Institute. It notes that favorable f
Where are house investors most active in California?
Roughly one in six California houses is owned by someone who doesn’t live there – but investors’ market clout varies across the state. That’s what my trusty spreadsheet found after reviewing a BatchData report that found investors of all sizes own 1.28 million houses statewide – 17% of California’s
La Jolla’s Sand Castle mansion reduces price by $15.5 million
San Diego’s most high-profile home listing has reduced its price by $15.5 million The Sand Castle mansion at 1900 Spindrift Drive in La Jolla hit the market in October 2024 with an asking price of $108 million and has yet to find a buyer. As of Thursday morning, the new price is $92.5 million. Billi
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