Votes YES on Prop 5. It Helps

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Yes on Prop 5.  It Helps.    Mark William Murphy,    Coldwell Banker,  BRE: 01332517,   562 666 2509

 

I have some Voter information, some clarification to toss your way, so that we’re all prepared for the General Election.

 

I am a Realtor, Teacher, Investor and Author.  I’m all about Real Estate. I write about it.I teach it. I speak on it. I buy it. I sell it. I manage it.  I invest in it. It’s a profitable place to put your time and money.  We all know that.  We all see that based on our increased property values.  I’m here to encourage us all to vote YES on Prop 5 and NO on Prop 10.   These are the two most important property-related propositions in 30 years, since Prop 13, which keeps our property taxes at 1% of our property’s purchase price.

 

There are two laws already in the books:  Prop 60 and 90.  Only in participating counties and only if you’re 55 or older, does the state allow you to keep your original tax base when you sell your home and transfer it to another house you are buying, as long as it is, “of equal or lesser value.”

 

For example, say you bought your house for $500,000, but you sell it for $900,000.  You can buy another house for $900,000 or below but keep the original tax base of $500,000 from the first house.  You are only allowed to do this once, and only in 11 out of our 58 counties.

 

Here’s what a “Yes” to Proposition 5 would do:  Prop 5 mandates that all 58 counties participate, and you can transfer your tax base as many times as you want, anywhere in CA.   Another major advantage to Prop 5 is that it allows you to buy UP, a new property at a higher level.  It no longer has to be, “of equal or lesser value.”

 

Say your kids have moved out and you don’t need that five-bedroom house any longer.  You want to scale down on the size of your home, but don’t want to scale back on your financial investment – on the contrary. You want to buy that fancy, high-end condo on the beach! Sure, why not?  Under Prop 5, there’s what’s called a “blended rate” that will help you afford it.

 

You originally bought that large house for $500,000.  You sell it at $900,000 but you buy that fancy condo for $1M.  You can keep the original tax base on the $500,000 and you only have to pay taxes on the difference between the $900,000 and the $1M – the $100,000.  So, in this example, you’re paying taxes on $600,000 for a million-dollar condo.  Good for you.

 

The important, game changing advantages to Prop 5 is that it’s going to allow people to move into “right-sized housing,” allow them to move or upgrade without fear of burdensome taxes, and releases them from a house that they were only keeping because of the 1% tax on their original, lower purchase price.  Prop 5 will liberate people to do what’s right for them.

 

As much as we love our homes, Real Estate can be a tool to build a better life.   Vote “Yes on Prop 5”and let it work for you when you need it to.

 

Vote NO on Prop 10. It Hurts.

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Prop 10 Hurts        Mark William Murphy,    Coldwell Banker,  BRE: 01332517,   562 666 2509

 

Proposition 10 is about repealing the 1995 Costa Hawkins Rental Housing Act, which sets limits on rent control policies that cities can impose on its residents.

 

 .  It exempts single-family homes and condos from rent control restrictions 

.  It prevents cities from establishing rent control – or capping rents

.  It protects a landlord’s right to raise the rent to market rate 

 

We need to keep all that in place. If Prop 10 passes, and Costa Hawkins is repealed, all of those restrictions are gone, removed, overturned, and the rental market becomes a bureaucratic mess of regulation and enforcement.  It’s not just landlords of rental units that are affected.  It’s you too. It hurts everyone.

 

YOU:  You will not be able to rent out your single-family residence, or your condo, without the Rent Control Board imposing its oversight, inspections, regulations and eviction demands into your business.  For example, the imposed rental amount of $2,500 will not be enough to help you if you have a $4,000 monthly mortgage to pay.  

Say you find a nice tenant whose rent is satisfactory to you, but you decide that you want to move back into your home.  Reclaiming your property will not be so easy if Prop 10 gains control.  In order to get rid of your tenants, they have to show “just cause” to support an eviction. What if they don’t?  Your life plans are now at their discretion.  They’re in your house and there’s little you can do about it.  Good luck with evicting them. Their unwanted tenancy in your home is assured by  Prop 10.

 

LANDLORDS: If they’re not allowed to set their own rental fees, there’s less incentive for them to upgrade, or even maintain, the quality of their property.

 

COMMERCIAL INVESTORS:  If there is rent control, no one’s going to want to build. Why bother?  Why would any company want to invest in a city that suppresses their profit?

 

RENTERS:  This isn’t about protecting helpless renters in an expensive housing market. There are other programs for that. This doesn’t help the enterprising individual either.  If buying real estate is a way to attain wealth and success, and it is, how does rent control help them?  Sure, it may get them a very nice affordable apartment, but where does

it get them over time?  Where’s their opportunity, their return, their potential for equity appreciation and profit?  Nowhere. Their “return” is in the form of years of rent receipts.  I know. I rented the same apartment for 7 years, until I bought the property, then the three houses next to it.  Was it difficult and challenging?  Yes it was, but that’s how it goes.  It takes work.

 

Think of all the work you’ve put into your home and all the equity you’ve gained?  Imagine if you stayed a renter.    All that gain and opportunity would belong to someone else. 

 

Let the free market determine the value, condition and potential of your property, not government oversight. Your property is your business – not theirs.  “Keep the Costa”

Vote No on Prop 10.

HOMOWNERSHIP: A Gay Friendly Guide

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By: Mark William Murphy, M.Ed. BRE. GAY

Main Street Realtors
Homownership.com

I am here to present this new book: Homownership,

A Gay Friendly Guide to Purchasing and Profiting from Real Estate and Attaining Self Reliance and Financial Security in the Process.

We gay people are educated, motivated, tenacious and aware. We see the world around us and continue to improve our place in it. In the big picture, we have made significant strides in our quest and right for civil liberties. We have staked our claim in society and continue to grow in places where we are not. One place we are not is the real estate market. We should own a more substantial share of it. By not having any significant presence in the market, we are letting potential to be pulled out from under us, and as a result, we are being pushed out of our neighborhoods.

Read the rest of the article here.

Global Acceptance of Homosexuality on the Rise According to New Study

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Residents of 90 percent of countries have become more accepting of homosexuality over the last 20 years, according to a new study conducted by the Williams Institute and NORC at the University of…

By

November 13, 2014 :: 6:13 AM

Residents of 90 percent of countries have become more accepting of homosexuality over the last 20 years, according to a new study conducted by the Williams Institute and NORC at the University of Chicago.

The study examined responses to 2,000 questions asked in hundreds of surveys worldwide between 1981 and the present, and found that there has been a noticeable overall increase in acceptance of lesbian and gay people across that time period.

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HOMOWNERSHIP

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screen-shot-2016-08-12-at-3-20-58-pmWe Gay Guys are under-served, un-informed and un-prepared for our financial futures.  Who’s advising the gay boys in financial matters? Who?

Our dads, brothers and uncles have Tony Robbins, Robert Kyosaki and Dave Ramsey to advise them.  Suzie Orman seems to have all females straight and gay on her client list – but where are the gay boys? Who’s advising them? Who’s mentoring them?

Do they know that real estate investing and home ownership, are as much a part of their American dream as it is their straight brothers, who marry their high school sweethearts and settle down to raise a family? Do they?

Read the rest of the article here.

Why the Most Popular Gay Neighborhoods are No Longer Affordable

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There Are Numerous LGBT Neighborhoods That Are Still Affordable

The Castro in San Francisco.  Boystown/Lakeview in Chicago.  Greenwich Village in New York City.  These neighborhoods have been known as “gay ghettos” for decades.  They were the original places where LGBT people could come together and live in an area without fearing for their property or their lives.  Today, many young gays and lesbians have heard of these neighborhoods as the original gay villages, and many want to visit or even move to these areas.  But those who start seeking real estate in one of these popular gay neighborhoods may be in for some sticker shock.

Read the rest here.

The Gayborhood Isn’t Dead: Where Gays and Lesbians Are Moving Next

The Gayborhood Isn’t Dead: Where Gays and Lesbians Are Moving Next

Chelsea. The West Village. The Castro. South Beach. These are some of the priciest neighborhoods in the country.

They were also once the nation’s most prominent gayborhoods. These trendy, high priced neighborhoods were built in large part by gays and lesbians (with a heavy emphasis on gay men) who were unmarried, mostly single and without children; more adventurous than their straight counterparts; in need of their own territory; and thus willing to go into an architecturally promising area that might be considered sketchy or simply desolate and make it their own. Read the rest of the article here. 

America’s ‘Gayborhoods’ Are a Lot More Expensive, a Lot Less Gay

What becomes of a trendy gay neighborhood when housing prices soar and straight people move in?

As gay acceptance has risen over the years, gay people have increasingly moved away from historically gay neighborhoods, such as the Castro in San Francisco and Chicago’s Boystown. Simultaneously, more and more straight individuals and couples have felt comfortable enough to move into these neighborhoods. As a result, many gay neighborhoods—call them “gayborhoods”—aren’t nearly as gay as they used to be. Read the rest of the article here. 

Be trendy, not tragic: expert tips for future-proofing your interior

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screen-shot-2016-09-18-at-3-35-50-pmJumping on board a decor trend is tempting, but an overly themed interior will date very quickly.

Trends happen to the best of us, and they’re a lot of fun. But they don’t last forever.

Sometimes no matter how much money and time you invest in decorating your home, your interior decor becomes a bit tired and the look you once loved doesn’t work as well.

Read the rest of the article here.

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