Property tax repeal was passed by the House of Representatives yesterday. But don't open the bubbly yet.

The House of Representatives repealed the measure that limited property tax deductions to $10,000 or less.  While many people view this as a "millionaires' tax," people here in California routinely pay that amount for normal, middle-class homes.  The Senate will not vote to pass the repeal, however.

Here's the article from New York Times: https://www.nytimes.com/2019/12/19/business/salt-tax-repeal.html

Please welcome Cameron Stephens to Judy Graff Properties

I'm pleased to announce that Cameron Stephens has joined Judy Graff Properties!  Here is his bio:

Graduating from Wake Forest University with degrees in Business, Psychology, and Entrepreneurship, as well as over seven years in animation and visual effects production management including the Oscar Award winning film Zootopia, Cameron came to Los Angeles in search of palm trees and movies and stayed for his long time passion for real estate.

Cameron represents property across a variety of the diverse greater Los Angeles communities from cozy condominiums and first time single family homes, all the way to gorgeous hilltop masterpieces, celebrated estates, and historic multifamily properties.

As a local resident of Los Angeles, Cameron has a passion for contributing to this incredibly unique and thriving city through volunteer programs, public speaking and education, and content creation with the Ruby Cannon Foundation.

"Real estate is difficult and emotional. But I always show up with a big smile, communicate clearly, and navigate through any problems we might encounter. I pride myself on 'showing up', because this has and always will be a business of people working with people...in person."

One of the best ways to keep in touch with Cameron is through his social presence across platforms: @CameronStephensRE as well as through his podcast L.A. Conversations.

Does it seem like it's a desert for property listings lately? That's because it is, with one exception.

There you are, all ready to hit some open houses in Los Angeles over the weekend.  But you sadly realize that there are no homes for sale to see.  Hey, it's the holidays! Listings slow way down at this time of year!

However, there is a certain type of home that still pops up around this time -- flips.  Property flippers don't care about the time of year that their listings show up; they just want to make their money back on their extensive house remodels asap.  And most of the flipped homes are pretty nice.  So, if your goal is to purchase something that's in move-in condition, a flipped home may be for you.  Caveat: these houses are usually NOT sold at a discount; the opposite is often true.  And with the L.A. area's history of multiple offers, the house you like may actually go over the purchase price.  Even if not, you may have to wait for January for any price reductions.