Good to see you again Jon!

@thejonschwartz

3 ай бұрын

Thank you! Much appreciated!

This is the playbook. This is the way.

@thejonschwartz

3 ай бұрын

Thank you!!

love your videos always have a lot of great insight Jon! glad you're back on here

@thejonschwartz

3 ай бұрын

Thank you!!

We've missed your content. Glad to see a new video.

@thejonschwartz

3 ай бұрын

Thanks so much! I’m baaaasaack.

@falsificationism

3 ай бұрын

I second this! I literally don't know of a single more reasonable person in this space. A low bar, Jon could step over it, but he leaps anyway. Integrity counts for a lot.

@thejonschwartz

3 ай бұрын

Thanks so much! That means a lot. I’m trying to start focusing my content on the LA market, where I work as an agent, but I do hope to attack some doomsayers every now and again.

you are a rock star Jon, very insightful!

@thejonschwartz

2 ай бұрын

Thank yoooou!

Nice to see you back Jon. You ended up compleyelt tearing down that house you bought ?

@thejonschwartz

3 ай бұрын

Happy to be back! Though it’s going to take me a few weeks to get up to a normal cadence. We’re not completely tearing down that house - just half of it! The big, mid-century living room stays, but the rest is being razed and rebuilt.

@user-wg3rf6yg1l

3 ай бұрын

@@thejonschwartz Wow! Sounds like a big undertaking with a big reward. Hope you video your progress for your channel.

Hey John any updates with that other property you were talking about in the last vid?

@thejonschwartz

3 ай бұрын

Yup. I gotta make an update video. Right now, the structure is demo'd (I demo'd it myself) and we're one revision away from final permit approval. Hoping to start construction in the next few weeks. I'll get a video up about it soon....

Promo'SM 💕

Good luck with that. You are competing during a record low home supply against buyers that have made a fortune in financial markets due to reckless money printing. Most homeowners don't even carry earthquake insurance. How will that play out if a big one hits? Homeowners insurance massively went up and many don't even want to insure houses. I'm not saying don't buy, I'm just stating that you are in a situation that doesn't make it appear as if you got a great value.

@thejonschwartz

3 ай бұрын

I think you're a little misinformed here, friend! A number of insurers, including mine, have pulled out of California for a spell, maybe a year or two. Fortunately, several insurers have stepped in to fill their place. My favorite is Homesite, which insures California without a major uptick in pricing. (I'm not affiliated with HomeSite. I just want anybody who reads your ill-informed comment to get some real info.) Secondly, it's always been the case that most homeowners don't carry earthquake insurance. I don't think you understand how earthquake insurances works. The deductible is extremely high, like 10% of the coverage at minimum. So it's really just catastrophic damage insurance. Will California be screwed when the massive earthquake hits? Of course! But that's always been the case, and if you look at the history of home values in California, we're doing just fine. (And for a more realistic example of what happens when a really big earthquake hits, google "1994 Northridge earthquake." Property values and lives were impacted, but life continued.)

@Jose-sy1je

3 ай бұрын

@@thejonschwartz Supposedly "the big earthquake" hits every 150 years. 'Supposedly' there is a 70% chance of occurring by 2030. Now, where they take those numbers from I don't know. But the fact remains, what would happen if a big earthquake hits. I'm asking ignorantly bc I don't know. But assuming just a small percentage of homes got destroyed (very few are even retrofitted) it should have an impact on home values. Would the federal government step up with disaster funds? And would 5% of homes incur structural damage that is great enough to make it a total loss for homeowners? I really wouldn't know bc I admit that I am ignorant. L.A. is actually at a distance from the San Andrea fault. I know people who live right on the fault in Indio and Frazier Park. They are not worried. But they didn't pay a million plus for their homes as people would have to nowadays. To me that's a thought given the amount of money a home would cost.

@thejonschwartz

3 ай бұрын

@Jose-sy1je That’s an awful lot of suppositions. Good luck living life that way, pal!

@Jose-sy1je

2 ай бұрын

@@thejonschwartz HomeSite actually won't cover the home I was looking to purchase either. Only insurer I could find is bamboo and their quote is outrageous. The home is two miles away from the outskirts of the San Fernando Valley and about 25 years old, which is new for L.A. standards. Any clue who else would offer home insurance? I wonder how homes even sell for these high amounts given this dilemma

@thejonschwartz

2 ай бұрын

@@Jose-sy1je Wow, that's awful. No, I don't have another clue.... Homesite and Bamboo are my go-to's right now.