In the book Zillow Talk: The New Rules of Real Estate, Zillow’s CEO Spencer Rascoff and Chief Economist Stan Humphries describe what they term the Starbucks Effect. The Starbucks Effect is a phenomenon where home prices within a quarter mile of a Starbucks, tend to appreciate more quickly than homes elsewhere. Specifically, between 1997 and 2014, homes within walking distance or 0.25 miles of a Starbucks appreciated 96% as opposed to the national average of just 65%. Interestingly, homes near a Dunkin’ Donuts also showed a similar historical trend. While proximity to a Dunkin’ Donuts appreciated … continue reading.
I recently got the opportunity to take a work trip out to our nation’s capital, Washington D.C. For people who love history, big cities, and all types of ethnic food, you’ll love D.C. Seriously, you can eat delicious steak frites at Le Diplomate to a filling falafal wrap on the go from Amsterdam Falafal or even go with some classic Ethiopian cuisine at Keren Restaurant. The city can be a bit hectic at times and this might bother some people who aren’t used to this. Being from L.A., I wasn’t bothered by all this … continue reading.
I don’t know about your internet research habits, but if you were to look at my internet browser, you’ll see at least a dozen tabs open at one time. This gives my wife anxiety whenever she borrows my computer. I have a problem closing tabs out of fear that I’ll need to refer back to them again so I leave them all open. My Excessive Tab Disorder (ETD?) gets even worse prior to taking a trip to an out-of-state market. Why? Because I would have a standard Google map open for every property that I plan … continue reading.
I’m riding passenger side with my realtor who’s just picked me up from the hotel I’m staying at. I’m scouting out a new market and it’s my first visit to this city. I’ve done a lot of research upfront and have my notebook in hand with a map printed out on my lap. I feel prepared. We begin our drive and naturally start to get to know each other better while also talking generally about the city. The conversation may sound something like this. Me: So are you originally from <insert name> … continue reading.
“Live where you want to live, but invest where the numbers make sense.” I wholly agree with Robert Helms at The Real Estate Guys Radio Show who often says, “live where you want to live, but invest where the numbers make sense.” So technically, you don’t have to invest out of state, but you do need to find a market where you can achieve your real estate goals. Whether your goals are for cash flow, appreciation, or something else. I invest for cash flow. While I like appreciation, my criteria for … continue reading.