Garage Conversion Restrictions Eased In California

Garage Conversion Restrictions Eased In California

Garage Conversion Restrictions Eased In California This year has seen a substantial increase in garage conversion units, also known as “granny flats” or “Accessory Dwelling Units“, due to California’s new Senate Bill 1069.  The bill, enacted in 2017, was designed to increase housing supply by easing restrictions on garage conversion units.  The bill also presents…

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Proposition 13 Amendment Could Increase Housing Affordability

Proposition 13 Amendment Could Increase Housing Affordability

Proposition 13 Amendment Could Increase Housing Affordability Property tax is one of the biggest deterrents to current homeowners purchasing new homes.  Under Proposition 13, a homeowner’s property tax basis is set by the purchase price, subject to limited annual increases, meaning that purchasing a new home results in a significantly increased property tax basis.  This,…

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Santa Monica Fault Map Released By Geological Survey of California

Santa Monica Fault Map Released By Geological Survey of California

Santa Monica Fault Map Released By Geological Survey of California Last week, the Geological Survey of California released a report identifying four new and revised earthquake fault lines, including faults running through Santa Monica, Brentwood, Westwood, Beverly Hills, Culver City, Napa, Vallejo, and West Hollywood.  Maps of the various new fault lines, including the new…

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2017 Real Estate Predictions

2017 Real Estate Predictions

2017 Real Estate Predictions 2017 promises to be an extremely interesting year for the real estate market, particularly due to our new president.  In this article, we discuss what others are saying about 2017, as well as our own 2017 real estate predictions. Recap Of 2016 And Prior Real Estate Predictions Last year, many were predicting significant…

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