Greetings, All:
We had such a wonderful time reconnecting with clients and friends at our Annual Client Photo event this past Sunday (Oct. 8th)! Massive thanks to those who were able to join us. Wait until you see your photos from Monica!
I absolutely loved seeing Stan and Lil Lew & Family. I worked with Stan and Lil my first year in real estate in the 1980s. I listed and sold their starter home in the Outer Sunset District, and sold them a larger home in the Richmond District, where they’ve lived happily ever since. A few years ago, I sold their oldest daughter her first home; now she’s married and has a beautiful little girl. I’ll likely be retired by the time her daughter is old enough to buy a home, but you never know!
One of my missions in life is to learn from past mistakes, and live thoughtfully. Many of us reflect on our past mistakes, acknowledging our preoccupation, harshness, and ignorance. Regret and guilt can sometimes consume us, and trap us in a cycle of self-blame. “If only we had known then what we know now, we would have chosen differently.”
Yet, the present moment offers us a second chance—an opportunity not to squander on past regrets. Guilt anchors us in the past, which is immune to change. Instead, we should embrace the now, recognizing that the past, with all its errors, can’t be rewritten. What we have is the power to act differently, informed by our past experiences.
In my own journey, I’ve embraced a profound truth: the finite nature of time compels me to express love and gratitude more openly. I’m probably guilty of scaring people I know, even extended family, by approaching them with hugs, something I wasn’t known for in my youth. I just no longer assume endless tomorrows. Life’s fragility reminds us that tomorrow is uncertain; it’s in the present that we should seize the opportunity to share our affection and gratitude with those dear to us. Let’s not wait for a future that might never come; instead, let’s embrace the present, and weave love and appreciation into every interaction, for our connections are truly eternal.
Derek, Natalie, Mo & Arwin
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by Patrick Carlisle, Market Analyst for Compass Bay Area
Economic indicators have been since the fall selling season began: Interest rates continued to rise through early October and stock markets generally continued to fall from mid-summer, YTD highs. The market remains volatile and hard to predict, often reacting negatively to positive economic news (such as employment numbers) as they wait for new inflation numbers and try to parse the possible reaction of the Feds. Any definitive impacts on the real estate of these recent developments, should they continue, won’t substantially show up until Q4 data begins to become available, and of course, volatility also means that indicators can turn around quickly.
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New Listings | Just Sold | Announcement
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Meet young professionals & newlywed couples Daisy & Kenny and Kevin & Sarah. As longtime San Francisco residents who wanted to plant roots & expand their families, they had dreamed of buying a vacant duplex in the Richmond District. However, Inventory was low, interest rates were high, insurance seemed scarce & they had less than 20% DP to spend. The odds seemed stacked against them.
However, these determined buyers went into contract in less than 7 days on a move-ready Edwardian duplex on their first try. For clear & confident home buyers, the SF housing market remains the best market to purchase your dream home & begin to build equity. DKKS are delighted with their purchase & we wish them all the luck & good fortune in the world.
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* New controversial regulations for Manhattan, Airbnb’s largest market went into effect on September 5th limiting all short-term rentals to just 2 guests, requiring the hosts to be present for stays of less than 30 days. Hosts who have not registered their units and received approval from the city can face fines of up to $5,000 for skirting the new rules. The NYC hotel lobby should be the biggest beneficiary. These laws are also designed to ease up more long-term rental inventory: the outstanding returns of short-term rental returns removed many apartments for full-time residents. (NY POST)
* This week, California Insurance Commissioner Ricardo Lara said the state will allow insurers to consider the future risk of climate change when setting prices. For years, insurers in California have only been able to set their prices based on historical losses. Despite the high fire risk, California’s average home insurance rate is $1,225 per year for $250,000 in dwelling coverage, about 14% lower than the US average, according to Bankrate. While this will almost certainly raise premiums, it could prevent more insurers from ceasing coverage. (Barrons)
* Is ASSEMBLING an alternative to DECORATING? Robert Kime,the deceased interior designer coined this description of the work he did as an “Assembler” putting together pieces of furniture and objects in homes that have a timeless, collected quality. (FT)
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The trail along Bolinas Ridge at Mount Tamalpais State Park is one of the most popular stretches of the Bay Area Ridge Trail in Marin County.
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41-year-old Bay Area deli Domenico’s makes hard-to-find subs
The Bay Area native was all of 9 years old when she started helping out at her parents’ first Alameda deli, P&G Italian Deli. Now, at 66, she’s carrying on the legacy of their second business, Domenico’s Italian Delicatessen, which has been a fixture in the community since 1982.
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What’s that booming sound over San Francisco? Is it a bird? A plane? Superman? No, the Man of Steel has not come to save the website formerly known as Twitter from the clutches of Elon Musk. It was just another sign that Fleet Week is here. That roaring whoosh heard over the city was in fact a plane, probably one of several F/A-18 Super Hornets flown by the Navy’s Blue Angels. And it most likely won’t be the last you hear of them.
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Since Compass launched in 2012, we’ve been simplifying the real estate process one community at a time. Today, we have more than 250+ offices extending from coast to coast.
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© Compass 2023 ¦ 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. |
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