Chic vs. Geek: What’s keeping you home?

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The pandemic has forced us to adjust to new ways of living – and working – in our homes. What’s one thing around the house that makes it easier?

CHIC (PEARL)

A lot can be said for the simple things like a solid WiFi connection and a good coffee maker, but give me my standing desk any day of the week and twice on Sunday. There’s nothing better for maintaining good posture and circulation while you’re busy staring at a computer screen for up to eight hours a day. These days, you don’t even need to buy the full desk. Most office supply companies sell toppers and attachments for the desk you already have in your home.

GEEK (KEVIN)

I’ll admit it. I’m addicted to soda and fizzy drinks of all flavors, colors, and styles. But I never truly embraced my addiction until the pandemic hit, and I realized we were spending tons of money on sodas and sparkling waters. So I bit the bullet and bought us a Soda Stream. And we will never go back. Not only can I have any kind of refreshing beverage anytime I want it, we’re also keeping thousands of aluminum cans and plastic bottles out of our landfills and oceans.

Chic vs. Geek: New Laws for 2022

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A number of new regulations took effect in California as of January 1 that will impact the real estate industry.

CHIC (PEARL)

AB 1466 ensures that any discriminatory and/or racist language will be removed from all real estate covenants, as our industry continues to lead the way in building a more inclusive and respectful world.

Speaking of inclusion, SB 263 will require all real estate agents to complete implicit bias training as part of the license renewal process to help us recognize and take actions to address our unconscious prejudices. 

AB 44 allows real estate agents to use former legal surnames for their business. This is especially important for agents who get married after building their own brand.

GEEK (KEVIN)

You may have heard about SB 9, which streamlines the approval process for property owners to subdivide and create up to four housing units on a single family lot. What you’re not hearing is that the costs are fairly prohibitive for the average owner.

AB 948 requires every real estate contract to include a notice to buyers that the appraisal of their new home was unbiased and directs buyers to file complaints with the state Dept. of Real Estate (aka, DRE).

And AB 633 will prevent the abuse of partition actions in cases of related parties inheriting a property that one of them wants to sell.

Thanks to California Real Estate magazine for the assist with this breakdown. Read the original article here.

Geek's Number Talk: Climate Market Impacts

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Last year, the Union of Concerned Scientists issued a report called Underwater: Rising Seas, Chronic Floods, and the Implications for U.S. Coastal Real Estate. Under their worst-case scenario, rising global temperatures and loss of polar ice sheets will result in 1.8 feet of average sea level rise by the year 2045. That puts around 300,000 homes in the United States at risk. At this point, it’s no longer about prevention. It’s about stemming the tide. Read the report here.

Chic vs. Geek: Underwater Properties

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With climate change heating up and sea levels predicted to rise, are California buyers setting themselves up for trouble by investing in beachfront homes?

CHIC (PEARL)

As the old saying goes, location is the name of the game in real estate, and that’s especially true here in the Bay Area, with long stretches of ocean and bayfront property constantly in high demand and fetching high prices. But coastal properties selling today could be the victims of flooding and sea level rise related to climate change before the end of a 30-year mortgage agreement. It’s clear from this report that homebuyers understand the risk of going underwater — literally. The question is how you measure the risk against the reward.

GEEK (KEVIN)

Did you know that about 20,000 properties in California alone could face routine flooding within the next generation? You’d think that would be enough to scare buyers away. But we’ve come a long way with technology to mitigate the impacts, like reinforced seawalls and flood control systems, and banks are still willing to finance and insure homes at risk from sea level rise. So the market for coastal properties has remained relatively stable. That could change if floods, fires, and other natural disasters become more regular occurrences.