Did You Know? 10-23-2022

I am always here to help you with all your real estate needs. Give me a call 24/7 at 510-406-4836

Best,

Joujou

DID YOU KNOW?

One good thing from inflation? The IRS is introducing higher standard deductions and thresholds for tax codes to reflect higher inflation! The estate and lifetime gift tax exclusion will rise to $12.92 million from $12.06 million per person. The annual gift tax exclusion—the amount any person can give to any other without affecting lifetime limits—will climb to $17,000 from $16,000. (WSJ)
UK inflation came in at 10.1% for September……up from 9.9% in August. High inflation may have peaked in USA where inflation came down marginally to 8.2%, down 0.1% from the prior month, but notably lower than the UK and Germany where inflation is at 10.9%, mostly driven by notably higher energy costs due to the Russia-Ukraine War. (MARKETWATCH)
According to analysis from Allied Market Research, of the $11.4 trillion generated by the real estate market in 2021, North America alone held nearly two-fifths of the global market share. And many factors, including an increase in property values, a rise in urbanization, growing populations and technological advances continue to drive growth in the real estate investment market. Allied projects the global market will nearly triple to $30.6 trillion by 2031. (YAHOO)
I recently took note of the real estate taxes three $3 million properties in California featured in an article were paying…..they were almost exactly $37,000 per year each. Then I did a search for properties in Manhattan, New York in the Chelsea area priced between $2.9 million and $3.1 million, all condo. Their real estate taxes ranged from around $20,000 per year to over $47,000 per year! And the most expensive taxes were being paid in a building with the least services and amenities in what many might agree is the less desirable part of Chelsea….. so much for fair and equal treatment under the law?
From March 2020 till now, housing was up about 40%. Housing CPI shows 11%. The CPI is very slow, outdated and is not a real indicator of inflation. The impact of rates takes many months. Even with near-zero rates in 2020, that year showed an inflation rate of 1.2% while home prices were soaring…..and housing is 40% of CPI……inflation figures only soared in 2021 many, many months after rates had been lowered.
More than 40 million Americans are in debt for their education, owing a cumulative $1.7 trillion, a balance that far exceeds outstanding credit card or auto debt. Skyrocketing higher education costs coupled with stagnant wages have caused the amount of student debt people graduate with to soar. Today the average balance is more than $30,000, up from $12,000 in 1980. Many first time home buyers are stifled by this debt. (CNBC)

Diablo Valley Real Estate September 2022 Report

**Here is the latest Luxury Magazine; we are excited to be a part of this issue, wishing you all a Happy Thanksgiving and thanking you for your support.**

It also features our property at 2020 Victorine Road, Livermore, just 13 minutes from Blackhawks East Gate.

ENJOY!

Don’t miss out on our amazing properties!

6 bd | 4 ba | 3511 sf | 0.34 ac | 179altavistaway.com

Offered at $2,399,000

4283 Silver Meadow Ct., Blackhawk

5 bd | 4.5 ba | 4747 sf | 0.59 ac | 4283silvermeadowct.com

Offered at $2,698,800

♦

3482 Cinnamon Ridge, San Ramon

4 bd | 4.5 ba | 2921 sf | .10 ac | 3482cinnamonridgerd.com

Offered at $2,099,500

♦

4 bd | 3 ba | 3488 sf | 0.26 ac | 4388mansfielddr.com

Offered at $2,249,800

♦

1605 Riviera Ave. Unit 601, Walnut Creek | Offered at $1,728,800

2 bd | 2.5 ba | 1923 sf | 3-car garage | 1605rivieraave.com

♦

2020 Victorine Road | Livermore | Offered at $16,898,800

5 bd | 5F/2H ba | 8144 sf | 107 ac | 2020victorinerd.com

♦

3409 Blackhawk Meadow Dr., Blackhawk, CA

3409 Blackhawk Meadow Drive | Danville | $2,199,800

4 bd | 3 ba | 3278 sf | 0.17 ac

♦

237 Still Creek Road | Danville | Offered at $4,998,800

5 bd | 4F/3H ba | 5829 sf | 0.48 ac | Site: 237stillcreekrd.com

♦

176 Diablo Ranch Court | Danville

Offered at $12,000/month for Lease or $3,198,800 for Sale

5 bd | 4.5 ba | 4059 sf | 0.60 ac | Site: 176diabloranch.com

♦

3649 Deer Trail Drive | Blackhawk | Offered at $2,599,800

5 bd | 3 ba | 4022 sf | 0.16 ac | Site: 3649deertraildr.com

♦

27 Sugar Pine Lane | Blackhawk | $2,198,800

4 bd | 3 ba | 2946 sf | 0.15 ac | Site: 27sugarpineln.com

♦

0 Highland Road | Pleasanton | Offered at $2,200,000

279.72 Acres! | Endless Opportunity!

1756 Cole Ave #302 | Walnut Creek | Offered at $1,899,800

2 bd + Study | 2 ba | 1868 sf | Site: 1756coleave.com

♦

4 bd | 2.5 ba | 2173 sf | .11 ac | 116centerct.com

Offered at $1,498,800

♦

2027 Cedarwood Loop | San Ramon | Offered at $1,459,000

5 bd | 4 ba | 2254 sf | 0.09 ac | 2027cedarwoodloop.com

© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

Joujou Chawla

Chawla Real Estate Team | DRE# 00890002 M: 510.406.4836 joujou.chawla@chawlarealestate.comChawlaRealEstate.com

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