Economy

Episode 44: Leslie Appleton-Young Crunches the Numbers

I am beyond thrilled to welcome Leslie Appleton-Young as my guest for the 44th episode of the Bay to Bay Podcast! Leslie is the Chief Economist for the California Association of REALTORS. I’m a huge fan, and I have been listening to and watching Leslie’s forecasts on the California real estate economy for years. Many of the facts and figures I give my clients and share on my web sites come from information I gleaned listening to Leslie, so it was a huge honor for me to have her on the podcast. In this episode, we discuss:

  • What is economics exactly, and what she loves about it so much.
  • The relationship between the federal funds rate and mortgage rates ,and why they may not move in lockstep.
  • Why housing in California is so unaffordable and what an economist would say is the solution.
  • What work goes in to making her trademark real estate market forecasts
  • What key metric home owners and REALTORS should look at to see which way the market is headed
  • The possibility of a recession in California or the USA in the next 1-2 years
  • The prospects for “blue collar” job wage growth in California
  • Why the number of homes being sold in California is today so far below historical norms
  • Is California currently in a housing bubble?
  • What would cause a home price correction?
  • The affects of the Trump tax plan on California home prices

Watch Leslie Appleton-Young’s 2019 Mid-Year Update

Episode 34: Soquel Creek Water District Talks Pure Water Soquel

In late December I had the pleasure of sitting down with Melanie Mow Schumacher and Ron Duncan of the Soquel Creek Water District (SCWD). Melanie is their Special Projects Communication Manager and Ron is the general manager. I was there to discuss Pure Water Soquel, which is a project that aims to recycle water for Soquel Creek Water District customers.

I’ve been hearing about this project for a couple of years now, but the board of directors of the Soquel Creek Water District recently voted to approve the EIR (Environmental Impact Report) for the project and it is now officially moving forward. I had a lot of questions about the project, and what it means for customers of SCWD.

I learned a lot during our conversation. I knew that the aquifers that SCWD draws on are critically overdrafted, but I didn’t know that it is one of only 20-ish groundwater basins out of 500 in the state of California that are designated as such by the State. Being in a state of overdraft is a big problem hereabouts, because it means that salt water is intruding into our fresh water supply, which threatens to make it undrinkable, and that would be very bad business indeed.

The Pure Water Soquel project aims to tackle this overdraft by adding about 30% of the daily consumption of the aquifer back through recycling water. The plan calls for recycled water from the city of Santa Cruz Regional Wastewater Treatmenet Facility to be purified and pumped back down into the aquifer and thus back into the supply. This should push out the seawater and help to make the aquifer sustainable again – which it hasn’t been, for 50 years or more.

It was a fascinating and wide-ranging discussion, and I hope you get as much out of it as did I.

Pure Water Soquel – Project Information Page

Soquel Creek Water District Board Meeting – December 4, 2018 – on YouTube

Seb Frey drinks Recycled Water – on SebFrey.TV

Jack Black Drinks from the Porcelain Springs

Episode 29: Rick Jackson is Fixated on Credit Repair

Rick Jackson is fixated on credit repair.  He’s been an entrepreneur almost his entire life, starting out at 19 years old by opening a small gift shop in Merced, California – which grew into a huge gift shop with over 5,000sf of retail space.  He  began by renting the property, but an un-repaired roof leak led him to a conversation with the landlord who ended up selling the entire 10,000sf building to him.  That purchase began his career as a real estate investor, even as he expanded his gift business to include wholesale as well as retail, and eventually manufacturing as well.

Everything was going well, until in 2006 the flood gates from China opened, wiping out his manufacturing business.  Cash flow crunches ensued, and he was forced to consider filing for bankruptcy.  Fortunately, he was introduced to a man who was able to repair his credit.  Within 3 or 4 months, his whole credit situation began to markedly improve, and within six months he was back in good standing with the credit agencies.  It was such a miraculous experience for him that he decided right then and there to get into the credit repair business, way back in 2007.

In our discussion, we talk all about credit repair – how it works, how much it costs, how long it takes, how much a credit score can get boosted, etc.  But one of my biggest take-aways from the conversation was that credit repair isn’t just for people who need to “repair” their credit.  Rather, “credit repair” should be considered good financial hygiene.  By working with a credit repair specialist like Rick Jackson, you can boost your credit score thereby lowering the interest you’ll pay on loans you may need, potentially saving you tens or hundreds of thousands of dollars over your lifetime.

Rick is making a special offer to listeners of the Bay to Bay Podcast:  he will give a full money back guarantee if your credit score does not improve within 60 days of starting the process!  You can contact Rick via his web site: Credit Repair Bay Area