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Weve had a 40% increase in multifamily applications state-wide over the past two years due to zoning reform.
Other areas prone to wildfires may suffer similar decline.
Tax Reforms Could Shock the Market
Tax reforms could also have a big impact, Austin said.
Prop 13 protections for inherited properties are on thin ice.
He recommended that older homeowners consult estate planners now to lock in trusts or LLC structures.
He recommended, Check a propertys water credits and if its on groundwater versus state allocations.
A home with a private well could be worthless if the aquifer dries up.
Meanwhile, mid-priced condos near transit hubs will spike, he said.
First-time buyers: Wait for the luxury glut, then negotiate hard.
Sellers: Ditch the marble countertops and invest in wheelchair-friendly ramps.
Its what retiring buyers care about.
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