At the national level, NAR says current price growth rate is not sustainable. Home prices have increased 48% over the past 6 years, while wage rates have increased only 14%. Many fear this is leading to the bursting of another bubble. Read More
Rates are trending up and expected to be at 5% by year end. But those who feel the sky is falling should keep in mind, that the 30 year historical average rate is 8%. Read More
We are hosting our next informational seminar Friday, April 20, in Capitola.
Please contact us to reserve your seat.
There are some exciting local properties that have just been listed. Call for specific information
JOHN SKINNER (831) 359-8624
In United States real estate business, “net lease” is a term used for an arrangement in which the tenant or lessee is responsible for paying, in addition to base rent, some or all of the expenses related to real-estate ownership. These expenses, often called the “three nets”, are property taxes, insurance, and maintenance.  Because the rent collected under a net lease is net of expenses, it tends to be lower than rent charged under a gross lease. Net lease types include single net, double net, and triple net leases, with the term “net lease” often being used as a shorthand expression for any of these arrangements. A triple net lease (i.e., one that is net of all three of the major expense categories) is often abbreviated as “NNN lease”, but is still pronounced as “triple net lease”. Read More
Housing prices in most parts of California and the country have returned to or exceeded previous highs attained in the 2006-2008 market peak, and many are beginning to ask if we are in another bubble that will see a collapse of housing prices similar to what happened 10 years ago.
My sense of the market is that we are not in danger of a collapse in housing prices, but we face a much more insidious problem.
10 years ago home prices were escalating rapicly and people felt they needed to buy now or be left out of the market. The home finance industry created some very innovative loans that allowed people to qualify to buy homes they simply were not qualified to pay for... Read More
Here is my local Central Coast Triple Net Lease Property Pick of the Week:
This Burger King is located just outside the southern portion of the Greater Bay Area in northern California. The subject property is strategically positioned in a dense retail corridor benefiting from its close proximity to many national and local retailers. Major national retailers in the area include: Taco Bell, Starbucks, Subway, Ace Hardware, Jack in the Box, Circle K, AutoZone and many more. This Burger King also benefits from its close proximity to academic institutions. There are two Elementary Schools and one High School less than two miles from the subject property which have a combined total enrollment of over 4,000 students. A Hospital, a 266-bed general medical and surgical hospital, is located five miles from the subject property. Read More
Investment News, Triple Net Properties For Sale
According to Zillow’s US and 50 Largest Metro Areas report for November 2017, housing costs in San Jose are the most expensive for any Metro area in the country.
Five of the most expensive metro areas in the country are in California, and 3 of the top 10 (San Jose, San Francisco, and Sacramento are in our own Bay Area. Read More