by Peter Fleming, Malibu Real Estate Confidential

2010: perhaps the best year to buy in heavenly Malibu.   The beautiful year round weather alone is reason enough, and in Malibu you can add in the freshest, purest westerly ocean breezes that roll in and add value to your longer and healthier life…..all year.   So, with rates now at all time lows, Malibu sales volume is off 50%, some selling prices down 50% or more, certain Malibu properties remaining on market over a year.   It’s time to have a serious look at Malibu.   Consult your financial team, pick a price range, give me your key home buying preferences, and I’ll prepare your own special report upon request.    By buying sensibly to hold, any future price drops that may occur will be irrelevant because you’re not selling.  The best insurance for buying now is that any price will inevitably recover to new highs solely because of the Feds incurable addiction to printing trillions, unavoidably driving dollar costs up into the heavens in the near future.

I have been an agent in residential real estate for 25 years, and have learned and done well with my clients to disclose vital information relating to the property and the surrounding area in each transaction.   I am not a financial, economic or political advisor, but with all the failings in those fields throughout California, I believe it is my obligation to observe and comment to clients on matters that go beyond just protection of the transaction.   As you know, California State government is on the bankrupting road to overspending ruin with no end in sight (trying to copy the Federals).  The dangers of this reckless mismanagement can have long term negative effects on all local real estate.    I now want to comment on related matters to you, my prospective buyers out there, who are contemplating coming to California to purchase property and live here.   Aside from all the wonderful things about living here, now I believe it’s important to discuss the overall statewide potential concerns.   My next few articles will attempt to bring you that coverage of those essentials, starting with a rare look
from the usually reluctant NY Times.

At Malibu Real Estate Confidential, we’d love to hear from you – about real estate, freedom, citizenship and home ownership.  You can reach Peter Fleming directly at 310-454-1373 or email him at peterfleming@earthlink.net.  For all your home buying and selling needs shouldn’t you choose a real estate agent with a seasoned attitude and a commitment to home ownership?