In this episode, we discussed one of people's all-time favorite topics: real estate. Growing up in a family of realtors in the Bay Area, it was only natural Tiffany developed an early and intense interest in homes and got her license in 2007. Tim started the conversation with a question everyone wanted to know: will the real estate market hold? And Tiffany's answer is yes, at least for the short and midterm. The current low interest rates and historically low inventory in LA create a very active and competitive market. Dan wanted to know if COVID-19 has changed people's searching criteria? Not surprisingly, single-family homes and condos with outdoor space is on top of everyone's wish list. Nathaniel asked about the biggest opportunity and threat to the LA market. In Tiffany's opinion, the biggest opportunity is to re-purpose the utilization of commercial space and maybe convert them into multi-units residential housing to help with the home shortage issue. As for the threat, Tiffany is worried about foreign investors pulling their money out due to COVID-19. We also discussed what mistakes people make as a buyer or a seller, and Tiffany shared some of her tips to gain advantages in this market. In the end, we all agreed that buying and selling real estate is a big stressful project, and one needs to plan it out with the proper experts and NOT rush the process.
