Ozzie Jurock's Profile
Guru
1202
Points

Questions
1

Answers
118

  • Guru Asked on August 15, 2020 in Real Estate.

    Phoenix is red hot …in SF, hot in condos…

    New home market is running out of lumber..

     

    The million dollar question? The 2nd round of virus…, election. antifa

    No one has the answer.

    We projected higher prices on radio…

    but expected higher prices not this soon.

     

    Enjoy the  ride…If you want to sell do it before September…

    if Biden wins…virus comes back…prices will settle back

     

    Long terrm?

     

    Al prices will be higher tears from now…inflation (review Ozbuzz.ca blog 39

    Note Ace realtor comments:

    Hi Ozzie,

    I hope your August is off to a great start!  The momentum in our local real estate steamed right through July and into August.  We’re experiencing record low single family residential inventory in Maricopa County with just 4,670 homes listed active today.  To put that into perspective, if not another home came to market the single family housing inventory would be ZERO by September 1st.  It really is a perfect storm – record low interest rates, record high rental rates, nation leading population growth and very little inventory.  To see learn, please click through our Monthly Market Report below:

    The median Days on Market as of this morning is SEVEN, meaning that half of all homes that go to market sell within the first seven days.  If you’re considering selling your home or just curious to what the value might be visit My Home Value Finder for a quick and free value estimate.

    As always, if we can help you in any please don’t hesitate to reach out.

    Sincerely,

    Shannon Cunningham, Team Leader/Realtor
    The AZ Performance PLUS + Team
    of Keller Williams Professional Partners
    C 602-330-3025

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  • Guru Asked on July 22, 2020 in Real Estate.

    I said that gold was $800 in 1980 and did not raise above that until 2007. That does not mean that after it crashed in 1990 you could have not bought it at $300 or so in between and then rode it up to $800 in 2007.

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  • Guru Asked on July 22, 2020 in Real Estate.

    Typically, when you go to a website on your internet service provider, they redirect you to any websites through your ISP server. This means that they (and easily others) can see and log everything you do online. Everything! Even your ‘private webpage’. They may even hand your browsing history over to advertisers, government agencies, and other third parties. A ‘VPN’ redirects your internet traffic through a specially configured remote server. This way, the VPN hides your IP address and encrypts all the data you send or receive. The encrypted data looks like gibberish to anyone who intercepts it — it is impossible to read. Today most of the world’s best VPN providers offer you total privacy for about $5 – $9 dollars a month. I pay about $8 and that covers 2 iPhones, 2 computers and my smart TVs. Google the info on VPNs, read up on it … I think the future looks grim for privacy … do all you can to protect yourself. It’ll get a lot worse!

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  • Guru Asked on July 22, 2020 in Real Estate.

    You can get one there and in 20 other nations. Read carefully the requirements – they vary by country. I was last in the Algarve (Portugal) in 2018 and it was possible to buy real estate there for as little as $120,000 euros. However, you need $350,000 euros in Portugal to qualify for residency. So, the amounts vary, Ireland is $500,000 euros etc. However, if you can show an income as low as $1,500 a month you can reside in Dubai and in Portugal (1,200) and most other countries.

    Or go to a tax-free/VISA FREE year in Barbados… The government of Barbados says: Come here, not just for a holiday, but for up to a year. Bring your laptop. Soak up the sun, the sea, the sand — and forget about the coronavirus. Prime Minister Mia Mottley told Today’s Worldview in an interview. “The sunshine is powerful. The seawater is powerful. They’re both therapeutic in ways that are hard to explain. And we felt that, why not share it?”

    Dubbed the “Barbados Welcome Stamp” and launching this week, the program will allow visitors to stay on the Caribbean island visa-free for up to one year. Hmm, worthwhile considering?

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  • Guru Asked on July 22, 2020 in Real Estate.
    • Galbraith: People don’t know, and some people don’t know they don’t know. That’s me and most everyone else. Very worrisome. Federal Reserve in the US is worried about banks. They are at odds. One governor said it wasn’t enough to (create billions) Another said it’s irresponsible. Fed in US and Canada is very worried. That’s’ why goofy comments about stop people buying houses…They also don’t know what they don’t know. Seems to me, that policy makers say something in public yet admit to be very worried privately.
    • In essence though we have to have – if grudgingly – some admiration for government action in a difficult new environment. Easy for us to criticize. But what exactly is/was and will be the right decision we can bemoan but  they are in the crosshairs…hopefully doing the best they can…
    • That means to me, we muddled thru in the past (1,100 banks close in USA in 89/90) and we will muddle  through this time…Look at my “age cash “position, stay attentive and jump on the deal of the lifetime when it comes.
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  • Guru Asked on July 22, 2020 in Real Estate.

    Well, we have a total disconnect of the stock market and the economy, guided by government selling bonds to itself and then spending the money. We also have a ‘non-payment of credit card crisis’ and a ‘nonpayment of rent crisis’ and a ‘major, major insolvency crisis’ in brand name companies. So, we have an insolvency crisis that has to be worked out … So far major companies that filed for Chapter 11 bankruptcy in 2020 are featured at Wikipedia… 65pages are in this category” Look it up here: https://en.wikipedia.org/wiki/Category:Companies_that_filed_for_Chapter_11_bankruptcy_in_2020

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  • Guru Asked on June 18, 2020 in Real Estate.

    Well, I ran a construction management company in Taiwan. Taiwan sees itself as the rightful “all China” government for all of China (that is why there is one island, but 3 levels of government). The repatriation of the ‘renegade provinces’ remains a long term – never to be forgotten – goal of Mainland China. When (the old) Trudeau kicked Taiwan out of the UN, he set in motion the possibility of re-unification. The new Trudeau is placating China just like the old Trudeau. The real surprise? China is going after India NOW. Long-term after Africa. The west has been placated and has been kowtowing to China for 20 years. Since Trump does not, XI is taking the gloves off – for all to see. The West is now seen as fragmented and weak.

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  • Guru Asked on June 18, 2020 in Real Estate.

    Well, then you cannot buy on the Westside now. A “deal of a lifetime” is well below market, usually a purchase of someone that’s in distress, or carries financing…and it is sooo good … you can’t help yourself. I salute you that you are looking. In life you do not get what you deserve, you get what you negotiate.

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  • Guru Asked on June 18, 2020 in Real Estate.

    I like California beaches, its cruise ship ports, driving through it … I dislike its people, its totally left attitudes. However, it is not about like or not like. Right now, you don’t want to be in high tech states. People are feeling and resenting high real estate prices, companies are relocating to Texas and Arizona in droves because cost of employees is so much better … and people will look for lifestyles.

    Several comments on the big ideas… Looking at cars right now…will try ads on Twitter…stink bids…asking for a car with my condo…working on my mind. Happy you are…

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  • Guru Asked on June 18, 2020 in Real Estate.

    Your view is important – for you. But understand this: when a company goes into chapter 11 it is re-organizing, getting rid of a lot of creditors and have a judge wipe out a lot of debt. Then it – like Phoenix from the ashes – re-emerges. That is not really a bankruptcy. Chapter 7 is going out of business for good. So, if you are worried, look at the “bankruptcy” closer: Chapter 7 or chapter 11? If they are all chapter 11 … fewer worries.

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