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Los Angeles, CA
Joined December 2022
Mainnet is now live. Trade US real estate by the square foot. No minimums. The $36 trillion housing market is now liquid.🏡 Trade now at share.land ←
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Is this the perfect time to buy or are prices still out of reach?
Home Sellers outnumber Buyers by 63% Perhaps more appropriate phrasing would be, “Homeowners trying to liquidate their positions are discovering they cannot”
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BREAKING: Banks are taking back more homes. Lenders repossessed 5,794 homes in August, up 42% from a year ago and 22% from July, per ATTOM. That’s far faster than the 13% rise in overall foreclosure filings, meaning more distressed homeowners are reaching the end of the process.
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shareland retweeted
BREAKING: US home sellers outnumber buyers by 62.6% in September, widest gap on record, per Redfin
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Is a repricing on the way?
BREAKING: There are now far more people trying to sell homes than buy them. U.S. home sellers outnumbered buyers by 62.6% in September, the widest gap since Redfin’s records began in 2013. That’s up from about 58% the month before.
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shareland retweeted
JUST IN: U.S. home prices have skyrocketed +441% since 1984, more than double the +210% rise in inflation over the same period.
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U.S. homes are now the least affordable on record. You now need over $120,000 in income to afford a median-priced home, per the Atlanta Fed, more than the typical household earns. 30-year mortgage rates hit 7.24% in mid-September. The monthly payment on a $500,000 loan has jumped about $400, to roughly $3,400. Home sales have plunged to a 31-year low.
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Airdrop coming. Activity will be rewarded. share.land ←
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Wynwood's next residential project is pitching art, fashion, and rock-and-roll alongside everyday homes. The culture is the hook. The real test is whether the block becomes a place people can live in too.
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This essentially means buyers in Florida are calling the shots.
Once America's hottest housing market, this state is now the hardest place to sell a home trib.al/WA1MTNC
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shareland retweeted
The housing market right now is bizarre. Sales = 2009 crash levels Prices = near all-time highs That combination has never lasted long in history. Something eventually breaks.
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Miami investors should watch carrying costs as closely as purchase prices. Insurance, HOA fees and taxes can change the return profile even when demand stays strong. The headline price gets attention. The monthly burn determines whether the deal works.
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San Francisco's housing debate is moving from the planning room to the ballot. Proposition C asks whether more predictable public funding can keep affordable homes moving.
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LA is debating why starter homes cost more to build than rentals. Could fewer fees make owning a first home less out of reach?
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NYC is debating who gets first shot when a troubled building changes hands. A new bill would give nonprofits a seat at the table. Preservation or too much intervention?
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Big Papi’s former Pinecrest estate is back on the market asking $11.5 million. David Ortiz bought the land for $1.5 million, built the house, and sold it for nearly $10.6 million in 2023, a Pinecrest record at the time. In Miami luxury real estate, the house is only half the story. The address becomes the brand. ⚾🏠 Explore Miami real estate by the square foot: share.land/landing/mia
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California voters are about to decide whether the state should help finance up to 17% of eligible newly built home purchases. Proposition 37 could cut the buyer’s cash down payment to 3%, but the assistance would be a second mortgage that still has to be repaid. Lower barrier or more debt? 🏠 Explore Los Angeles real estate by the square foot: share.land/landing/la
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SoFi changed what game day looks like in Inglewood. A judge just voided the deal behind the district, leaving the city and developer to work out what comes next. share.land/landing/la
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Candlestick Park brought San Francisco together for decades. Its next act is a planned 7,200-home waterfront neighborhood. After years of delays, construction has finally begun. That is how a city turns an iconic site into its next chapter. Explore San Francisco real estate by the square foot: share.land/landing/sf
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High rates are making Miami-Dade buyers nervous. Builders are responding by buying down rates and building anyway. One Miami builder is advancing nearly 1,000 homes across seven developments, with workforce pricing built into the plans. When affordability changes, the market changes with it. Explore Miami real estate by the square foot: share.land/landing/mia
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A former Bank of America at Santa Monica and Crescent Heights is becoming 110 apartments. Fifteen will be permanently income-restricted. LA does not just have a housing shortage. It has a lot of low-rise land that can do more. Explore Los Angeles real estate by the square foot: share.land/landing/la
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