This is a presentation that I recently gave about the top questions that homeowners and buyers would like to know about 2022 in the San Francisco Bay Area and nationally. The average equity gain in California in a year (Nov 2020 – Nov 2021) has been $117,000! The national average was $51,500; California’s average equity gain is more than double the national average (see slide #11).
When you’re a homeowner, especially in California and the SF Bay Area, you are in the business of wealth creation through real estate.
When you buy a home several good things happen:
1. Purchase using good leverage
2. You fix your biggest cost which is housing
3. Provide a hedge against inflation
4. Begin to save outside of the home
If you have any interest in selling and/or pulling your equity from your home in the near future, please contact me for a casual conversation and I would love to assist you with any questions or concerns. I can introduce you to financial planners and CPAs that will help you make wise informed decisions before making a move.
I’m happy to help!