As affordable housing becomes more scarce nationwide, developers are buying distressed hotels and turning them into apartments. Nationwide, 18% of hotels are behind on their mortgages as of Dec, 2020. “Apartments around here, you might pay $120,000 a door, and we can purchase these hotels probably $30,000 to $40,000 a door, and maybe put $10,000 […]
Investment Trend – Hotels Converted To Appartments Read More »
Google and its development partner Lendlease have modified their plans to include 7,000 residential units for Google’s campus in north Mountain View. Google has also proposed that 20% of the homes (1,400) be “affordable” homes. That would be double the number of existing affordable homes in Mountain View. The plans contain 3.1 million square feet
Google Continues Ahead With Mountain View Campus Expansion Read More »
A Feb 3, 2021 Zillow Press Release begins: “Competition is Fierce for Home Buyers, But Acting Quickly Could Save Them Hundreds on Their Monthly Payments”. The two things which stand out about this press release are that: 1) Zillow has little to gain by urging buyers to buy now and 2) the numbers they provide
Zillow: “Acting Quickly Could Save Them Hundreds …” Read More »
On January 29, 2021 Weingarten Realty Investors submitted an updated plan for San Jose’s Cambrian Park Plaza which proposes having 30 houses to now include granny units on the ground floor. The granny unit would have its own entrance. The second and third floors would be an entirely separate single family dwelling from the granny
New Housing Developments Begin Including Granny Units Read More »
Assembly Bill 3182 (Civil Code Section 4740 and Civil Code Section 4741) limits the restrictions common interest developments may impose on offering units for rent. It took effect Jan 1, 2021. A common interest development may cap the number of rentals to 25% or more. ADUs and junior accessory dwelling units (JADUs) can not be
Renting Out Your Condo or Townhouse Read More »
