Harvard educated economist Laurence J. Kotlikoff shared these words of advice as it relates to growing wealth and real estate: 1. Strive to own your home, not rent — and try to buy in cash. This is particularly the case if you’re a moderate to high earner. Having more of your money packed in your home is a way to shelter it from federal and state asset-income taxation. 2. Owning a home can reduce longevity risk. Renting a home when retired for the rest of your life runs the risk of rent hikes without the possibility of your fixed income increasing. When you own, home prices can soar or collapse, but you’ll be insulated since you are neither buying nor selling your home. 3. Your perfect home may be far cheaper several time zones away. Or it may be someplace with no state income tax, no state estate tax, and no state inheritance tax. 4. Measure the cost of your moves. Sometimes the savings are outweighed by the cost. Bentley increased car sales by 31% from 2020 and a record for the company. Porsche's sales rose 11%. BMW sales in the US grew 21%. Lexus was up 11%. Rolls Royce sales surged 49%! Tesla outsold Mercedes Benz in the US. There were no chip shortages. Palm Springs has seen monumental growth in median sale price, rising to $710,111, a 25.4% increase for November 2021, compared to November 2020. At a 29.7% drop, Palm Springs’ decrease in year over year inventory for November 2021 is more than double the national average decrease of 13.3%. Too tall trees with shallow root systems can be a hazard: Live oaks, Live maples, Crepe myrtles, Flowering Dogwoods, Southern Magnolia and Cypress trees are highly wind resistant. |
2 Bed | 12 Bath | $999,950 | Compass Listing |
The Alamo Square community is a private enclave of 87 properties across the Alamo Creek bridge, nestled in the trees behind a gate. Extensively remodeled and rare townhome with a peaceful creek setting to be enjoyed from the new Trex deck with modern black welded wire fencing. The sellers left no square inch untouched during the renovations. Throughout the unit there is all new wide plank hardwood flooring, windows, window treatments, baseboards, trim, crown molding, solid core doors, hardware and built-ins in all closets. Both bathrooms have been completely remodeled. Large two car detached garage close to unit with cabinetry for storage. |
4 Bed | 2 Bath | $1,499,000 | Compass Listing
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Charming, single story Danville home. Updated kitchen features center island, slab granite counter tops, stainless-steel appliances and rich wood cabinets. Large formal dining area adjacent to the kitchen offers great flow for entertaining. Bonus room is perfect for family room or home office. Expansive living room features cozy fireplace and sliding glass door to rear yard and pool! New floors and and paint throughout. New front lawn. Private rear yard with no direct neighbors, sparkling pool, large patio and basketball hoop are perfect for relaxing or for summer fun!
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411 Crest Avenue, Alamo, CA 94507 |
4 Bed | 3 Bath | $2,250,000 | Compass Listing |
Beautifully remodeled Westside Alamo home situated on an expansive half-acre ± lot and set-back from the street. French Oak floors, shiplap and distressed wood walls, gorgeous millwork and trim, tall ceilings and decorator finishes and fixtures throughout. The entertainer’s kitchen features a large center island, Carrara Marble countertops and custom white cabinetry with abundant storage, farmhouse sink, commercial-style range with dual ovens, built-in refrigerator and designer lighting. It really is to-die for! Multiple outdoor patios, decks, and expansive lot allow for ADU, pool, Bocce and much more.
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6 Bed | 6 Bath | $29,000,000 | Compass Listing |
Spindrift, the most iconic oceanfront estate in the Carmel Highlands, is on the market for the first time in nearly fifty years. Seven flat, awe-inspiring acres serve as the backdrop of this English manor house designed by Charles Gottschalk and Charles Sumner Greene. The gated granite entrance welcomes you with a cypress tree-lined driveway. Surrounded by three sides of the Pacific Ocean and protected by stunning cypress groves, the coastal views and privacy are unparalleled. Private hiking trails on two ocean bluffs conclude at the water's edge with access to tidepools and a secluded cove. If you are looking for a once-in-a-generation oceanfront estate, you have found it.
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under
multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075,
1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented
herein is intended for informational purposes only and is compiled from sources deemed reliable
but has not been verified. Changes in price, condition, sale or withdrawal may be made without
notice. No statement is made as to accuracy of any description. All measurements and square
footage are approximate. Equal Housing Opportunity.
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