real estate market after covid

Leaky Sewers - Likely Responsible for Large Amounts of Medications in Streams

Many of the Monterey Bay cities have started addressing groundwater contamination. As a Monterey Real Estate broker, we have to get these inspections done as part of a sale in most cases. These inspections and repairs are often required as a condition of sale for single family homes and sometimes townhomes. Condominiums are often exempt for individual owners. If there's a leak or break in the pipes, those will need to be repaired, typically by the seller. The main sewer lines in question are between the home and the sewer main in the street. Oftentimes the yard has to be dug up, or if the connection at the main is faulty, the street. This can be expensive due to traffic mitigation and the depths sometimes of these connections. 

These leaking sewer pipe issues can be from the old clay or transite pipes that were used and having joint separations, to plastic lines that tree roots have invaded the couplings. Some plumbing companies pull in completely new single piece polyethylene that is then put in the line of the old faulty line. This "trenchless" style is the least disruptive of landscaping and walkways. A single line with no joints to separate or for trees to get their roots in is probably the best long term solution in my estimation. 

Typically these inspections are up to $350 to do with the camera, though some are free. That video file is sent to the appropriate jurisdiction and the public works personnel then directs what they think needs to be done to bring the pipe into compliance. It had been my belief the offending issues were more fecal matter contamination, but as you can see, quite a few drugs are causing potentially a much greater and more disruptive issue in the ecosystem. Fecal matter has always been a part of nature but these drugs have not.

The 2021 infrastructure bill may...

Blocked Summertime Noises Using These Simple Techniques

I tried a variety of noise-cancelling devices, including white-noise makers, ear plugs, and noise-canceling headphones, but none of them seemed to work. 

BUILDING WORK

When dealing with extremely loud noises such as construction or road construction, you should start by lowering the decibels. When jackhammers and electrical saws cause your ears to become damaged, full, The Best White Noise Machineor ring, the noise is simply too loud and may be harming your hearing.

According to Sam Nicolino, the engineer who invented the white-noise devices LectroFan EVO and Sound+Sleep, the moderate rhythms of the white-noise machine should fill the room rather than sit in a nook.

READ MORE:

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Foreclosure: Right of First Refusal Following Trustee's Sale of One to Four Single Family Property

Foreclosure: Tenant's, prospective owner-occupants and non-profit's right of first refusal following trustee's sale of one to four single family property. No bundling of such properties at a trustee's sale.

First, this law grants tenants, prospective owner-occupants, nonprofit affordable housing providers, community land trusts, limited-equity housing cooperatives, and public entities a 45-day window to purchase residential property through foreclosure if they can match (in the case of tenants) or exceed (in the case of other purchasers) the last and highest bid made on residential one to four single-family homes at the foreclosure auction.  Second, this law prohibits sales of bundled properties at foreclusure auctions. Third, it increases local govenments' authority to assess fines on owners of blighted propeerties acquired at foreclosure sales.

C.A.R opposed this law as it creates a complicated and lengthy bidding and foreclosure sale process, causing uncertainty within the foreclosure transaction process.

This Law:

1) Forbids a foreclosure trustee from bundling properties for sale at a foreclosure auction, instead requiring that each property be bid on separately.

2) Provides an eligible bidder 45 days after a home foreclosure auction to make an offer for the home that exceeds the highest bid.  Defines "eligible bidder" to include: a) A tenant in the home, a prospective owner-occupant, or a nonprofit in which a propective owner-occupant or eligible tenant is a voting member or director. b) An eligible nonprofit based in California whose primary activity is developing and preserving affordable rental housing, a limited partnership for which an eligible nonprofit is the managing general partner; or a limited liability company in which eligible nonprofit corporation is the managing member. c) A community land trust or a limited-equity housing cooperative. d) The state, the University of California, a county, city, distruct,...

Community Water System Exemption - Senate Bill 974

Water: Community Water System Exemption

Senate Bill 974: California Environmental Quality Act: Small Disadvantaged Community Water System: Exemption - This measure will help impacted communities gain access to clean and safe drinking water.  This bill offers a modest but important exemption to very limited community water supply projects that will help certain residents obtain clean and reliable water. C.A.R. supported this measure as it will provide an exemption in CEQA to help expedite small community water projects.

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Exemption from Reassessment Retained for Rebuilt Property Destroyed by Disaster up to 120% of Value of Original

In a Governor-declared disaster an exemption from reassessment will be retained for reconstructed improvements which are comparable to the improvement replaced if similar in size, utility, and function and within 120% of value of original property.

This law allows owners of property substantially damaged or destroyed in a Governor-declared disaster to reconstruct comparable improvements onsite with a return to the former improvement's base year value.  While existing law effectively allows this in a form of a new construction exclusion, this law adds a new provision specific to post-disaster reconstruction following a Governor-recognized event and allows a more generous comparability definition.  Specifically, it defines the term "comparable" using the same 120% definistion used when a victim of a major disaster decides to reconstruct replacement property on site of the damaged property.  Under this definition, reconstructed improvements will be found comparable to the improvement replaced if similar in size, utility, and function and withing 120% of value.  This law applies to real property damaged or destroyed by misfortune or calamity on or after January 1, 2017.

Assembly Bill 2013 is codified as Tax and Revenue Section 70.5. Effective January 1, 2021.

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Price Gouging: Increases the Scope of What Constitutes Price Gouging in the Sale of Goods or Services.

crime of price gougingThis law amends the crime of price gouging to 1) include where a person, contractor, business, or
other entity to charge a price that is more than 50% greater than either the amount the seller paid for the goods or the seller’s costs in selling or providing the goods or services; and 2) provide that the protections against price gouging may also apply to a timeframe prior to a date as set in the proclamation or declaration. It does not affect provisions of Penal Code 396 pertaining to the price of rental housing.

This law expands the crime for price gouging to also include selling or offering to sell those goods or services for a price 10% greater than the price charged immediately prior to a date set by the proclamation or declaration of emergency.  It makes it a crime for a person, contractor, busines, or other entity who did not charge a price for the goods or services immediately prior to the proclamation or declaration of emergency to charge a price that is more than 50% greater than the seller's existing costs, as specified.  It authorizes the Governor or the Legislature to extend the duration of these prohibitions for periods greater than 30 days, and during the extension, authorize specified price increases that exceed the otherwise permissible amount, as specified.

Senate Bill 1196 is codified as Penal Code 396.  Effective January 1, 2021.

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Ethical Considerations of Ridding Humanity of Diseases

Although some researchers feel a moral obligation to cure genetic diseases with DNA editing techniques such as CRISPR, others hesitate to embark on gene editing of human eggs, sperm and early-stage embryos(called germline editing) whose DNA changes can be passed on to future descendants. These practitioners feel that not enough is understood, and further research is critical for exploring the early development of embryos and fetuses. Such research would resurrect ethical questions about creating and destroying viable or non-viable fetuses, and the creation or termination of human life.

virus

One example of a lethal inheritable genetic disease, potentially curable through gene-editing, is Huntington's disease, caused by a gene defect that will trigger a fatal brain condition even in someone with just a single copy of the gene. Gene editing could remove the defect from an egg cell to prevent the disease from being passed on to descendants. Some laboratories are working now, trying to edit egg stem cells to rid them of inherited genetic disease. The end-to-end process is multi-step, and would no doubt first be worked out in animals such as cattle, pigs, and rabbits.

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Prop 19 - Allows to Move Your Tax Base Without Penalty to Other Counties in California

TAX SAVINGS FOR OLDER HOMEOWNERS

Thanks to Prop 19, seniors, retirees, and all homeowners aged 55+ can move closer to family, medical care, or to a home that better meets their needs anywhere in California without a
tax penalty.

 Prop 19 removed unfair location and price restrictions, allowing older homeowners to transfer the tax base of their home to a new home.*

SAVINGS FOR HOMEOWNERS WITH SEVERE DISABILITIES

Prop 19 also removed unfair restrictions on Californians with severe disabilities, allowing homeowners to move to a replacement home anywhere in California without
a tax penalty.*

 Under Prop 19, homeowners with severe disabilities can transfer the tax base of their existing home to a replacement home up to three times.

HOUSING RELIEF FOR VICTIMS OF WILDFIRE AND NATURAL DISASTER

After wildfires destroyed more than 24,000 family homes in the past few years, wildfire victims have faced massive property tax hikes when relocating to another home.

 Prop 19 allows ...

Mobilehomes: Exemptions from Rent Control Disallowed Until 2025

The exemption from local mobilehome rent control laws for leases of 12 months or more is disallowed temporarily until January 1, 2025.

Previously, the law exempted a rental agreement in a mobilehome park that is in excess of 12 months’ duration, and that meets other specified requirements, from local rent control ordinances.

This new law prohibits the above-described exemption from rent control in mobilehome parks for rental agreements from applying to a rental agreement entered into on or after February 13, 2020. These provisions are repealed on January 1, 2025.

Assembly Bill 2782 is codified as Civil Code Sections 798.17 and 798.56, and Government Code Sections 65863.7 and 66427.4.  Effective January 1, 2021.

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Stillwater Cove, Ocean View Homes in Pebble Beach

Individuals who have thought about purchasing Ocean view homes in Pebble Beach should know that doing so will grant them access to one of the region's most scenic areas: Stillwater Cove. Filled with numerous attractions and recreational activities, this region will keep you and your family active and alive during vacation season or throughout the entire year should you choose to settle here permanently. 

stillwater cove in pebble beach

Beautiful Beaches

One of the biggest benefits of buying Ocean view homes in Pebble Beach is that doing so situates you near the public beach at Stillwater Cove. The beach extends out below the community's golf course and is filled with beautiful white sand. Individuals who enjoy the active lifestyle can scuba dive when they visit the beach, and touring companies will oftentimes make kayaking tours available. Those who prefer to rest and relax on the beach can sunbathe and take in the beautiful scenery without moving a muscle!

Tourist Attractions

stillwater cove fishing in pebble beach...

How To Make Your Home Safe And Secure For Your Senior Years

29798 Highway 1, Carmel, CA 93923As people age, it's important for them to do all that they can to make their golden years healthy and happy. While there are many steps that should be taken to realize this objective, preparing the home for one's senior years is incredibly important. This is the case for many reasons, including the fact that the home preparation process can decrease the likelihood of accidents and injuries. Luckily, preparing your home for your senior years can be relatively simple. Use the information and instructions outlined below to complete the process quickly and correctly:

1. Move Downstairs

One of the best ways to increase your level of safety within the home is by moving downstairs. Maintaining a bedroom upstairs is a recipe for disaster. This is the case because living upstairs will require that you travel up and down the stairs throughout the day. Doing so will increase the likelihood of unwanted trips and falls. Another issue with living upstairs is that doing so can make it more difficult for you to leave the home in the event of an emergency. An alternative to moving downstairs is relocating to a single level home. If you're considering this option, note that you can purchase Camel homes for sale that conform to your requirements for safe, secure living.

2. Use Proper Lighting

In addition to moving downstairs, make sure that you use proper lighting. Poorly lit regions of the home will make it difficult for you to move freely....

How an SRES Real Estate Broker Can Help With Aging In Place

Whether it is you or a loved one, transitions can be difficult, especially if those transitions are part of the aging process. Having knowledgeable people on your team can make the that transition easier. For seniors who want to age in place, working with a real estate agent who specializes in the concerns of senior clients can be a plus. A senior real estate specialist or SRES is an important team player when determining how you will spend your golden years. They receive training about the resources available to senior clients and have a well-developed sensitivity to those clients' concerns. 

seniors real estate specialist in santa cruz caWhether it is you or a loved one, transitions can be difficult, especially if those transitions are part of the aging process. Having knowledgeable people on your team can make the that transition easier. For seniors who want to age in place, working with a real estate agent who specializes in the concerns of senior clients can be a plus. A senior real estate specialist or SRES is an important team player when determining how you will spend your golden years. They receive training about the resources available to senior clients and have a well-developed sensitivity to those clients' concerns. 

Aging in Place

Aging in place is a choice...

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