California Arbitrage

cheers cheers to you hello hello hello hey peeps i’m wearing my green and to commemorate saint patty’s day i have some green on my coffee mug i think that’s the only green i am the look of the irish a little in advance of uh st patrick’s day today so i i didn’t prepare i didn’t know you were gonna do the whole luck of the irish thing oh i’m just letting us know it’s you know march 17th it’s coming up it’s we’re going to have a good time and uh so we want to commemorate that official day so i put on my green yeah to match my green eyes there you go look at the irish she’s a prescott pickled lady diane brown my name is randall bro all disclosure is now done all disclosures are done i also want to just drinking coffee i also want to disclose that um i’m not as irish as i thought yeah um yeah i did that 23andme and uh i’m not so ironic yeah i’m not as irish my dad was very much a hundred percent irish yeah and i’m popping up what i don’t know something like twenty percent maybe there’s something else going on yeah postal worker or something but anyway a lot more spanish than i thought yeah anyway that’s cool that’s an aside in the business that’s an aside one of those decides it’s an aside but it’s on the side we did want to commemorate saint patrick’s day to all of our folks out there absolutely and uh we wanted to talk about california arbitrage yes california arbitrage a lot of people coming in from california and uh looking to retire and planning their retirement uh often what they miss is the opportunity for the california arbitrage which you can turbo charge your retirement correct so for a lot of people maybe you’re not thinking about this but you might be sitting on a million and a half or even a million nine hundred thousand dollar home in california maybe it was built in the 50s i don’t know i mean i don’t know your whole story where it’s located or your square footage or this that and the other but from our experience what we’re hearing from a lot of people coming in from california oh my gosh i can get a mansion here for like 600 000 and you don’t know where i’m coming from i’m like i don’t but they’re like i live in a 1200 square foot house uh built in the 50s and 60s it all needs to be updated i didn’t know i could live like a king and or a queen here oh yeah absolutely but the perk is not only can you live like a king or queen and get the latest and greatest and a beautiful home and the latest updates and this and that you’ll get beautiful views you’ll get a beautiful lifestyle but you sell that house over there in california for a million and a half you come here you can get a house in the fives maybe maybe even in the fours depending on what you’re looking for what your needs are and guess what mr brown what i just banked a million dollars you just not a million because you’re well you can bank most of that because you are buying a house yeah but still what a huge nest egg you could get from that your financial planner will thank you oh yeah they’ll be like wow this is awesome so if you’re looking at you’re looking at i did a video i’ll do a link on this so you can watch the video but you know if you are sitting on two million dollars you’re living in california um you know unless you’re like ready to pass on there’s a really good chance you know you’re gonna run out of money and uh if you if you come here not only is the cost of living a lot lower but you’ll be able to get a comparable home we estimate it’s about 40 about 40 of what your home is worth in california and depending on the area you know uh about 40 will will buy you a comparable home with that 60 percent that would go to your retirement yeah huge people yeah you try to save that while you’re living in california not gonna take and when you say comparable really it’s not even compromised not even conflict yeah i mean because what we’re hearing from our clients you know is much smaller square footage much older homes um tons of traffic tons of you know the neighborhood’s kind of going down that’s not the case here yeah you you’re gonna it’ll be safe not a lot of traffic correct bigger square footage um it’s almost like you’re you know moving into almost a brand new home yeah with the latest and greatest absolutely so we call that the california arbitrage california arbitrage arbitrage i like to say it like that oh it’s got to see it yeah so anyway something to keep in mind if you’re kind of on the fence and you’re like you know but i love my house it’s appreciated so much you’re sitting on that appreciation you’re not really able to access that appreciation it’s great it’s great to have but just imagine if you sold that and what you could do with that appreciation hell you could buy a house here live in the life of luxury and then travel the world i mean it opens a lot of women it does it is in your retirement it does as of now yes you know what we’re hearing is that in some areas of california the appreciation has slowed down uh appreciation here is robust so if the appreciation there is slowing down and the appreciation here is keeping moving forward then the arbitrage begins to lose steam so so keep that in mind don’t wait too long because you might miss the boat in california and you might miss the boat here in prescott yeah so anyway just something we’d like to talk about because we find it fascinating we find it interesting we wish we kind of were in that position yeah yeah but it didn’t happen we were coming from a different location so we couldn’t uh get that gigantic uh yeah but uh for some of you who can maybe you should think about that and take advantage of it california california arbitrage all right but anyway where can they find you below you can find me at the prescottpicklelady.com website or you can reach me at i do i answer all the 713-302-1964 yeah i i mean i get phone calls sometimes 11 o’clock at night we are full service so yeah we work hard yeah and uh we’re always available yeah you can also find us at we sell prescott.com that is for our listeners so you’re looking to sell a property here in prescott we can help you with that we all have the same um mission same mission statement customers come first we’re here for you absolutely we’re going to answer seven days a week plus you can get pickles plus you get pickles you’re not going to get that anywhere else folks particularly correct that’s what i’m talking about yeah absolutely mostly pickles pickle here i am all right anyway thanks for listening and we hope you have an awesome day and awesome st patrick’s day yes look at that look at the irish see you later bye