Most commonly asked question lately...

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“How is buying or selling real estate during COVID?” is a pretty regular question we get asked. And quite honestly, no one anticipated it to be going so well. We have had a nice spike in Orange County real estate. Buyers having a bit more purchasing power while taking advantage of the extremely low-interest rates means more opportunity. And Sellers acknowledging that inventory is still relatively low makes for a good time to list and make the move. If you or someone you know has been flirting with the idea of moving but has been a bit apprehensive about it during COVID, contact us so we can strategize how we can help you achieve your goals safely.

"Land of the flee"

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Have you heard grumblings from friends or family considering moving out of California lately? With the Governors COVID orders, more and more Californians’ are considering relocating for more space and more commonly to avoid another state income tax increase. According to FORBES California legislators are proposing a 0.4% wealth tax, plus a 16.8% Income Tax Rate.

Last month, we heard comments from Elon Musk, of Tesla moving the Tesla headquarters to Austin, TX. Meanwhile, the Palo Alto headquarters remains opens, we will see if the move actually takes place now that the authorities have given Tesla authorization to resume business in California.

MIT “developed a living wage calculator to estimate the cost of living in your community or region based on typical expenses. The tool helps individuals, communities, and employers determine a local wage rate that allows residents to meet minimum standards of living.” Reflecting that the Golden State remains to be one of the highest cost of living states in the United States.

If the proposed income tax rate does increase, we can expect a surge of Californians to move. If you or someone you know is considering relocating, please refer them to The OC Nest for guidance through this timely process.