People worry that what goes up must come down, and nothing has gone up more than real estate in recent years. Are we overdue a crash?
In this episode, we share our thoughts on the crash potential for Prescott-area real estate.
hello hello hello hello peeps good afternoon and this is randall and diane bro here in the lovely town of prescott arizona prescott arizona with vic lady yes here’s my little pickle somebody uh suggested this to us of course i immediately went on and bought it i love it and also yodles i won’t hit that yodel this time yeah yeah i’ll just let you see my pickle yeah um but anyway uh we are here where we uh wanted to chat with you about fretting a crash yeah so we’ve been having a lot of people asking us about the ever increasing home prices not just here and prescript across the country and whether we are due some catastrophic crash as we had back in the late 2000s and the answer to that at least as far as prescott is concerned is we don’t see where that would come from so the the crash in 2008 depending on where you were maybe it was a different time a lot of that was driven by people who had financing that no one should have ever given them that’s right no money down for an eight hundred thousand dollars probably not a good idea yeah so people were buying extra homes on credit and flipping them there’s a lot of stuff that was going on the the short answer on that score is that is not happening it really you know a lot of our clients are retired yep and when you retire this market in particular yeah you know they have a lot of money but not necessarily a lot of income sometimes they struggle to qualify because of things like debt ratios or income ratios right you know the the the ratios and the finances are are not and you know what they don’t weigh that uh they gotta jump those hurdles uh clearly it’s a good loan but they follow the regulations getting financing even when the interest rates are really low you think they’re begging for business guess what if you can’t make the ratio you will not get a loan it ain’t gonna happen it ain’t gonna happen it ain’t gonna happen yeah so yeah we’re not worried about a crash per se and particularly in the press kit market yeah because most of our buyers are cash buyers yes they’re retired um they’re either paying cash or they’re putting substantial amounts down for a down payment and so you know the creeping interest rates it doesn’t bother them so much because they pretty much have a pretty low mortgage yes um so if we’re kind of a unique market here yeah you may have seen there was an article i believe it was in fortune one of those magazines they listed a number of cities around the country we were one of them prescott arizona makes it makes it into this magazine as as one of the towns that is destined uh destined for a price adjustment and the reason they give is that the i’m sorry sorry are you okay um can i help you out yeah give me a hundred real quick real quick let me get that given that uh the reason they give for that is the if you look at the price of homes and divide that by the average income in the town that number is extremely high which would indicate that people are not making enough money to afford the homes there and so that that affects a lot of towns here’s the thing in prescott a lot of people are retired correct they don’t show a lot of income they have a lot of money yes so when you look at that ratio it’s going to be yeah oh you know your your uh uh property value to income is off the chart yeah he’s got four million dollars in the bank right it’s not going anywhere so we say nay to that yeah because just because we are a very unique market yeah they they ran the numbers they picked the top 10 15 cities in the country that popped at the top and they wrote an article about it um obviously they’ve never been to prescott i can’t see why that’s an issue here i don’t know of anyone i can’t think of anyone offhand who’s even close to you know oh it’s going to be difficult for them to maintain the payment on their homes these guys came here to retire and they’re having a great time and they’re going to be here for a while they’re not worried about making their house note yeah because number one either they pay cash yeah or number two they’ve had such a huge down payment their house note is negligible yeah so for us i always keep in mind the prescott market is quite unique yeah um our median age here is 55 and older so these are people who are not moving here for the industry for the jobs to start a new career this is a career test yeah and all of our friends god bless you we hope we can join you one day everybody’s having the time of their lives that’s right uh they’re golfing they’re jeeping they’re you know uh hiking they’re having a fabulous time they’re not really worried about income so when you hear these stories um don’t fret so much about prescott in itself uh this is a huge retirement town i have people who call me and say i’m looking for a 55 plus neighborhood and i’m like can i be honest all of prescott is basically 55 plus yeah it’s it’s it’s essentially a retirement community yeah i mean you don’t need to be in a particular neighborhood um most of our neighbors are retired um we’re kind of one of the few that are not but um don’t fret the crash crash here in prescott yeah i feel like it’s gonna be okay yeah i you know i i struggled to see what would what would do it yeah uh what drives a lot of our home sales here and the home value prices are people coming from other states mostly along the west coast uh that relocate here because it’s more affordable uh it’s a nice place you don’t have to go someplace where it’s a skabillion degrees uh and in 157 humidity or you know mesquite we don’t have any of that right you know it’s a very nice place so people can come here um the cost of living is low we talk in some of our other videos we talk about the arbitrage where you can sell your home where you are now typically some place like california and you can buy a home equivalent and bank a fair amount of money if the prices in california go down they may go down here too as long as we have a a as long as we’re less than california it would still make sense uh to make that move and i i i just i don’t see how um i don’t see how we end up with a bubble i really don’t i i don’t think price prices can’t keep going up the way they have i understand that we all do i think things are going to flatten out i think things are going to moderate i just don’t see a bubble that there’s something artificial that’s been holding this up all along and it’s just gonna crash i think maybe we undervalued real estate after the crash in 2008 for too long and uh and we had a big you know upward correction and and kobe pushed to store that i don’t know i i was surprised to see the prices go up as fast as they did but uh i don’t see them i i don’t see what would is their bubble to pop i don’t know i don’t know at least you know prescott is a very unique market and um we’re kind of a special little bubble here so you can’t really compare us to the other national markets yeah you know that’s my opinion yeah um and we’re small too we’re not a big player it’s not like we need millions of people moving here to get this right i mean do we have a crystal ball no no but i do have a crystal ball but i but i can’t use it to predict the future i’ve tried i just can’t okay so anyway we just thought we’d share this little two-bit uh two cents of information and uh just our personal opinion of course it is an opinion it’s not fact that’s right it’s not scientific but we just thought we’d give our little two cents of info on how we think things are going we are a very special market here so anyway if you’re thinking about buying or selling give us a call or you can go to our information site that’s pickle411.com whether you’re a buyer seller somewhere in between there’s information that’s waiting for you absolutely we’re here toll free it’s all free it’s all free all free people you don’t have to pay anything it’s free no subscription yeah all right just a final note if you are on the verge of retirement and thinking of retirement don’t put off retirement too long don’t do that don’t do that don’t wait don’t wait until you’re too old we have met so many people here who were like wow i should have done this years ago i’m loving my life here and we love it through extension we’re not quite retired but we are having fun anyway so give us a call diane and randall bro with our famous pickle whatever it is [Music] oh [Music] a lot of people anyway
hello folks this is diane randall bro she is the pickle lady i am prescott arizona someone informed us of this new little gift so of course we immediately went out and ordered it share it with you yes you know everyone loves to share pickle paraphernalia this one really tickled us yeah here you go [Music] because everyone everyone should have in their possession a yodel pickle it’s of the utmost importance this is why they hate capitalism i mean i don’t know why hey we were the first ones to buy it we were like oh hell yes let us order this i think i was one of the original investors so we wanted to share with you our yodeling pickles i am the pickle lady here in prescott arizona that is indeed she does not yodel neither i don’t yodel no but i do enjoy a good yodeling pickle as everyone up unfortunately the pickle is green which is the same color as chris there you go maybe you can see it now yeah but uh we cracked up laughing and immediately placed an order uh for the yodeling pickle that’s who we are here you go pickles hi today we’re here to talk about some fire yes i’m sure you’ve heard about it yeah we’ve been we’ve been getting calls people want to know so uh there is a fire yes uh i don’t know if technically it’s in prescott or not prescott is a big incorporated area it includes some areas kind of over the mountain that are really very remote and very woodsy have essentially mountain cabins out there it’s pretty remote yeah it’s pretty remote i i don’t i don’t know honestly if it’s it’s part of the incorporated area or not they say it’s in the area of prescott i don’t know it’s ian prescott but on the news it makes it sound like we’re like it’s just it’s it’s engulfing pressing it proper and we just wanted to share with you that’s not necessarily so yeah um there are some great summer and you know little cabins up in the bradfords yes yes and so those are we are feeling it for people there i don’t mean to minimize that absolutely and those particular areas are are typically where the fires you know because it is heavily wooded and so it’s very easy for a spark from lightning or etcetera to kind of create a fire situation um but for those of us in more of the city part of prescription not so much to worry about we’re not on the evacuation uh unfortunately those areas that are more in the wooded remote areas yeah they are asked to evacuate um but we don’t want you to think that if you for instance if you’re in prescott lakes um we’re not under evacuation order yeah we we have a uh we have a wind down video somewhere i’ll put a link to it where we talk about how uh prescott has a lot of very different terrain so the simple answer is the southwest section of our town is very wooded it’s very mountainous it’s what you typically think of when you think of a mountain town lots of pine trees that kind of thing beautiful yeah it is beautiful it’s a beautiful area as you go south east uh the terrain starts to flatten out the trees begin to thin out and so finally you get out to areas that are bordering on prescott valley that are really essentially prairie lake uh and so the fires there are a completely different animal a lot easier to deal with you don’t have to rain uh much of the city is kind of that way and like prescott lakes is kind of that way it would be hard to set prescott lakes on fire yes and and the great thing is is that our fire department here is is very much um they’re on top of it they’re ahead of the game um they go out and do a lot of preventative fire prevention tactics so we are never in tremendous threat our fire department is very proactive very proud about fire safety and um they’ll even have some prescribed burns so that things don’t get out of hand and don’t get too crazy um we’re on top of it yeah and the fire effort comes out of the city of prescott the uh the the firefighters themselves are based here uh in our regional airport uh is where all of the fire aircraft uh take off from uh so you know we’re hearing chinook helicopters and yeah and all these these fire planes and we salute them i mean we watch them from our deck and we watch them take off and we’re like god bless them god bless all the firefighters out there absolutely uh fighting to uh keep everything at bay yes and keep everything under control without a great loss of property or you know yeah yeah absolutely so the the firefighters are working actually two fires right now there’s one south of prescott and there’s another one in the vicinity of vicinity vicinity infinity flagstaff that’s right uh close to the peaks so uh which is about a hundred miles away i mean so yes i think these guys do anything in that blank in that radius comes out of prescott so you hear the word prescott in combination with fire in arizona all the time doesn’t mean we’re always burning right and i mean these guys are top-notch uh they are on it we are ready we are prepared uh we are prepared before the event even happens and that’s what i love about being prescott uh being in prescott how progressive it is how proactive they are they’re on it so we don’t ever want anyone to fear um loss of you know that you’ll lose property or et cetera yeah yeah there are very few areas where you can’t get fire insurance most areas of prescott um it’s not required no in fact you should know that when you buy a home here i i don’t think yet i’ve run across any contract that required fire insurance or flood insurance for that matter or earthquake correct yeah cheers yeah all of these so we’re pretty um although you may hear these events uh we’re pretty safe and secure um insurance companies if they think you need fire they’ll let you know i’ve yet to run across any that required insurance flood or earthquake yes so uh when you hear these things on the news it is um it sounds pretty scary it is pretty scary it is pretty intimidating um but for the most part the city proper we’re pretty secure yeah yeah so we don’t want you to worry that uh you’ll hear a fire alarm and have to head out in the middle of the night um it doesn’t happen too often unless you’re in more of the remote areas outside in the in the more forested areas yeah that’s exciting anyway we just want to share that and for our folks who are in those areas you know of course our thoughts are always with you and we know you’re in good hands so uh our fire department’s on it yeah so we wanted to share this uh topic with you about fires because as we’re entering into fire season i know this is a big concern for a lot of people especially those coming from california and uh we just want to give you our little two cents on that so if you were looking for any additional information from the pickle lady team yeah the place to go is pickle411.com that is our information center whether you’re a buyer seller somewhere in between that’s the place for you go there and get lots of information about fires and yielding pickles just a plethora whatever you may need we have pickled plethora we have a pickled plethora of information free information there you go all my nuts we don’t even charge no charge it’s all good call it free that’s right yeah that’s exactly right i just wanted to give you a little update and share our pickle okay oh my gosh it goes on a little long sorry about that that is a yelling it is a yodeling uh fool on this pickle so everyone should have a yodeling pickle that’s what i say yeah but uh anyway yeah we can’t it does make me laugh every day
What's the name of the town that has an ancient sacred gathering place with petroglyphs and precise alignments for the summer and winter solstices? Well, if you said "Prescott, AZ," then go to the head of the class, my friend - because inside the subdivision of Prescott Lakes there is a spot called Solstice Ridge you just have to see.
Prescott is smarter than your average small town, and true to form it boasts a most delightful bookstore right downtown. If you love books, you won't want to miss it. Hear all about it in this week's episode.
good morning my fellow little pickle peeps how are you today we hope very well uh this is randall and diane bro he’s randall i’m diane usually yes she’s president arizona lady of prescott arizona we sell real estate but we’re not here to talk about real estate today and today we’re so excited actually this was a tip sent to us from someone who is a regular follower and watcher of our wine dance and so we want to give a shout out to richard ardis um thank you sir thank you he gave us a brilliant idea actually a couple of a couple of football he’s like you should we’re gonna do one today and we’re gonna we’re gonna do another one some other time and we thought wow richard thanks for reaching out to us and telling us you know and he’s so right about this little tip that we want to talk about uh we want to talk about uh one of the bookstores here in prescott yeah it is a very very special bookstore it really is really really cool in fact i was just there this weekend with a friend of mine who is an english major shout out to bee yeah and a librarian and a librarian yeah so she’s super into that and so i said let’s go check it out she’s like yeah i would love to so as soon as we walked in she was like i am so impressed that your little town of prescott has such a progressive uh super cool uh up-to-date uh up to current events yeah uh bookstore as peregrine books on cortez it’s uh yeah that’s quartet yeah it’s amazing if you go in it’s beautifully set up it’s uh honestly you could almost feel like you’re in a bookstore in new york city it’s that cool but the thing that really sets it apart i mean they have a lot of people besides the name i’m not sure i think you need to back up on that yeah i’ll have to look up what a peregrine is it’s cool it’s a bird they have the latest and greatest they have a kid’s hour they have a podium in the back and that’s what my friend was most impressed about was that uh they will have current authors who come and speak and read from their works they’ve got a cute little podium back there and a seating area um it’s really really pretty cool but the coolest thing is the curating and you know that’s kind of hard to find in bookstores i mean you have go in they have lots of books oh it has lots of books but as soon as you start looking at what’s on the shelf particularly in the kind of the entry area uh their uh their staff goes through and they just pull the most fascinating books they all line up i mean you can lose yourself for three hours just right inside the door because it’s just one after the other it’s like that is really fast so they will carry the most pedestrian and the and you know the best sellers but they also have a wide variety for all those intellectuals i mean a wide variety of topics that they cover and they have it all categorized neatly on the shelves and it’s just a beautiful book shop as well yeah you kind of forget you know because i’m i’m a technology person i was an early adapter for uh adopter for kindle and all that stuff and i get that stuff it’s that’s kind of cool and audible i like to listen to vlogs but you know slowly but surely over the years traditional bookstores have been kind of dying out libraries have kind of been changing [Music] and you just forget how nice a good book story is like to go into a bookstore that’s really well done and just the smell of the books that feel that new spell book it’s just you know it just brings you back every time you go there it’s lovely it’s a great experience and for a town this size to be able to support a local bookstore like this yes it just speaks to this is not your chain bookstore yeah it’s not a change this is a very unique experience yeah so for all you eggheads out there yeah richard talks about egg heads and you know i think that’s a really good point press gets a pretty smart town it’s a very smart time uh people here are educated they are cosmopolitan uh this isn’t some podum town you’re going to go and you know it’s not a little wild wild west yeah and every now and then they’ll have movies mostly you know jaws and gone with the wind yeah they’ve got some good yeah yeah this is a very progressive very savvy town intellectual intellectual town yeah peregrines yeah yeah so the egg the egghead thing that uh richard point i think is really appropriate i think a town is smarter than your average town correct so richard we want to cheers to you uh that is a great tip and i don’t know why i didn’t think of it before because i absolutely love paragraphs i love it we go there all the time so anyway if you’re here in town or you move here make sure to check it out it’s lovely you can sit and while away your saturday with a cup of coffee and just sit and read some books and like it was in the olden days like it was no amazon here no amazon here you can actually put your hands on a book and actually read it’s really cool so we just thought we’d share that tip and we thank richard for passing that along to us yes great idea so if you are local and looking to list your home please give us a call we’d be happy to list your home for you if you’re a buyer coming in town also give us a call we’d love to hunt down the perfect house and uh welcome you here to prescott yeah the pickley hotline is 713-302-1964. if you’re more of an online person you can hit us up at pickle 411.com your source of information all of it’s free and it’s astounding how much stuff is on there so if you have questions about prescott about real estate and just life in general it’s a good place to look it is all right see you at the bookstore bye 9:38 NOW PLAYING
When you get close to the sun or out in the cold, sometimes the most important thing is what's up top. In this episode, we discuss Prescott's affinity toward hats and demonstrate how they work for some but not so much for others.
well howdy howdy pardon hi hi hi hi this is dianna randall bro cheers she’s pickle lady we’re in prescott arizona that’s right and we’re here to talk to you about something i never thought i’d be doing um but it’s imperative if you move and live in prescott because we are a mile high we’re about fifty four hundred feet yeah we’re about the same elevator same elevation as denver yeah we’re closer to the sun closer to the site not used to that i come from the deep south where we’re actually below sea level um so when i moved here i was like gee whiz i get sunburned so fast like within 30 minutes it’s a thing well hello you’re close to the sun less less atmosphere did you know there are areas on the earth that are so far below sea level that you cannot get sunburned oh like the dead sea is one of those i would say well i would love that so when we moved to the opposite way we’re the opposite we’re nice and high closer to god closer to the sky to the sun and uh i didn’t realize until after i was here for a little while i’m like gee all these people are such nerds they’re all in hats they all look ridiculous i am not doing that um i feel stupid however after a couple of sunburns i was like i see the wisdom i understand so we would go walking with the dogs and she where did you buy these homes these panama jack but they’re uv protected they give you protection uh they cover the back of your neck there’s all these things you learn you gotta have coverage on the back of your neck the top of your little ears because if not you get skin damage and skin cancer yeah so when we take ourselves because yeah we were hats to give us some protection this was her first shot i didn’t know she was doing this she’s always after me about sun protection and sunscreen and all that stuff well uh she went out and she bought these hats she came home and i’m like oh my god i hate that hat she makes me wear them all the time i’ll tell them see you have this little strap so that when the wind won’t blow off your hat it’s a very practical this is a walking hat yeah this is what we call our walking hat exercise hat when we’re out and about in the sunshine and trying to get some good walking in we put this hat on it gives you all overall protection the problem i have is i just always look like an idiot wearing a hat yes she looks great she doesn’t have it i don’t know you have a terrible hat i will say all right so that’s awesome so i yeah so i i went out yes and i okay yeah i tried to spend a little more money get something a little nicer so i got this wait hold on if i i’m not marginally look a little better i don’t know so you look like it you look like this is sanctuary south of france look you look like uh princess uh kelly princess kelly who’s the one who died in her her uh convertible driving around that’s grace princess grace grace grace kelly grace keller is kel get your people straight but anyway this is my central pace it’s just our last name yeah i know you got her name that’s not it’s if her name’s grace kelly you got her penalty princess kelly well that’s her last name okay well she knows my princess grace grace keller but anyway this one i love it’s got a little bow in the back yeah this the one we lost and replaced this is the one i lost and replaced i was very lucky so i wear it with my big shades so i kind of have a european flare yeah i look like i’m clearing the buyers yes you do yes all right so this is my other summer hat which i like too this is just kind of a little short a little little boater a little boater hat isn’t i love it it’s a little short a little sassy there’s a great uh hat store right on whiskey road yes we think it’s called all about hats i think it’s called all about house it’s right right near the corner right by the bistro we took our kids there that our daughter and her boyfriend and everything they put on their heads looked great it did i must have found it we have the best time just just giggling at different hats at fascinators they have caps they have this is my multicolored look so it matches everything so yeah i’m gonna have to try again it’s still not working for me it isn’t where’s your let’s put it on our winter hat yeah so oh so that’s the other thing yeah besides you need to have the windscreen yes you also as you know you lose all your body heat through your head some people have less hair than others so you really lose it faster yeah if if you wear a hat you can be naked in the snow and you won’t even feel it look at this yeah i have this cute little this is my felt bowler boulder hat isn’t it cute this is the best i can do this is we call this my governor hat your governor got that here comes the governor you need some coal so he puts his governor hat on and he has to go shovel some snow over out in the chilly willy weather now when i first moved here was more of a thing because coming from louisiana texas i used to buzz my hair used to keep my hair really really short to try to stay cool and i realized that i don’t have to do that anymore so now i have more normal normal hair a little bit longer and it keeps my head uh warm unlike unlike a lot of my friends you know they don’t really have a whole lot of hair so they all have to wear hats but it’s kind of odd he’s holding on he’s holding options he’s got some yeah still there oh when i’m not wearing a hat and you know and i move my hit the steam just off my head because it’s holding so much heat so that is something we kind of just just for fun we just thought we’d have put on our hats when you move here you will you too will embrace the hat movement even if you never i never wore a hat in my entire life until i moved to prescott so i just saw a video on uh youtube it was about how men never wear hats anymore and one of the big reasons i never really put two and two together but one of the big reasons is automobiles as you’re not in the weather as much and also when you’re in you only a lot of a lot of cars don’t have enough clearance for you’re right that’s hot so so you would knock your hat knock your hat off it’s inconvenient but it’s very convenient here in preston yeah and uh we love that little hat shop right on the square i think it’s called all about hats right did we talk about that it’s a cool shop it’s right next to our donor restaurant it’s right next to the st michael’s uh bistro a couple of doors down if you go in the door and you don’t see a lot of hats you’re in the wrong place you’ll know it you’ll know and if you’re there it’s right there on the website something to keep under your hat when you come here be prepared you too will become a hat aficionado and you’ll be wearing those hats just like we do and you’ll embrace it and you’ll get over feeling silly but anyway more information you can hit us up at pickle411.com all things real estate all things prescott lots of things to eat lots of things to drink and lots of things to do all right there whether you’re buy or seller somewhere in between or you’re just looking for a nice hat that’s right we love our town love to help you find your next home or help you sell a home give us a call 713-302 that’s it folks i know i love this hat it’s cute it’s very comfortable too