California
Here’s How Nashville Homeowners Can Win Amid a ‘Flood of California People Coming In’
“You’re custom made for movin’ on,” crooned Chris Stapleton in his 2020 country hit “Nashville, TN.” But these days, it looks like Music City is made for moving in.
Nashville made the list of top 10 U.S. migration destinations in November, according to a report last week from Redfin―with more new arrivals from Los Angeles than any U.S. city. And as the domestic migration slows generally from the highs of the pandemic, Nashville is also one of the few cities in the U.S. where the inflow has increased compared to a year ago.
For Nashville sellers who may have already been planning a move, the influx presents an opportunity. And with relatively inexpensive updates, sellers can maximize returns on a sale by appealing to the tastes, needs and preferences of Angeleno buyers, realtors say.
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“There is a flood of California people coming in, and we’re welcoming that,” said Rebecca Norris DiNapoli, an agent with Compass in Nashville. “And they’re buyers who generally want luxury properties.”
Luxury in Nashville, she added, “used to be $2 million to $3 million. Now, it’s $5 million to $10 million.”
In Los Angeles County, the median home listing price was $1.249 million in November according to the latest Realtor.com data; and the most expensive listing is a Bel Air estate asking $139 million.
When a Californian client calls, “I can almost read their minds,” said Michelle Maldonado, an agent with Compass in Nashville. “They want an open plan, 6,000 to 10,000 square feet, high ceilings, lots of light, great outdoor space with a lot of usability outside. What they don’t want is to do any work. They want something ready.”
While a seller can’t change whether a home faces east or west, “you can change paints to reflect the light better,” said Amy Doyle, an agent at the Agency in Nashville. “A lot of people paint the house white with that in mind. We had clients from Los Angeles this week, and the first thing they said when they walked into a property was ‘it’s too dark.’”
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Outdoor living space is also key, said Doyle, who added that the largest proportion of visitors to the Agency’s website have been from California.
“They’re used to spending time outside, so a patio, deck and pool matter,” she said. “A seller might consider amplifying the outdoor living space by making a porch bigger, adding a fire pit or even presenting a rendering if there’s no pool but room to build one.”
Jessica Harrison, an agent at Zeitlin Sotheby’s International Realty in Nashville, agreed.
“Screen in a back living area―Californians bring this up because they don’t want the bugs, but they like to be out there at night,” she said. “Add an outdoor fireplace, and mount a TV above it. We encourage sellers to think about the home through the lens of the buyer’s lifestyle―entertaining, relaxing and enjoying a luxury moment.”
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For some Angelenos, indoor luxury trumps outdoor extravagance, said Maldonado of Compass.
“They have high-end tastes, and prefer top-end appliances, quality countertops and real wood floors,” she said. “Pre-2020, I would have told sellers it’s not worth doing the floor, except for maintenance. Now, at a certain price point, the house has to be really pulled together to get bang for the buck.”
Paint and lighting are “huge, and they’re easy fixes,” she added. “I’ll even have sellers replace lightbulbs. Angelenos are used to a lot of light.”
Doyle, of the Agency, even recommended replacing tired wooden banisters with more characterful wrought iron―and renovating a dated kitchen if budgets permit.
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“Energy-efficient and smart appliances matter to this buyer,” she said. “People are using smart-home tech and eco-friendly appliances as a way to market homes. That’s a big California thing.”
Guest accommodations can be a sweetener for some Los Angeles buyers, said Chris Grimes, an agent with Corcoran Reverie in Nashville. “These people are relocating from across the country, and leaving behind family and friends. Once the dust settles, those people want to come visit.”
A guest house or suite “is a common desire for transplants,” he noted.
And because nearly all Los Angeles buyers in Nashville want turnkey properties, Grimes said, part of a seller’s presentation to them should include every aspect of a home’s maintenance and upkeep.
“If I were to sell my home right now, I would package all of this information together―here are appliance warranties, the landscape company, the housekeeping people, the services we use,” he said. “And get a clean inspection report to share, even if it means spending on repairs. It’s money well-spent and speaks volumes to potential buyers.”
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Some buyers balk at spending money on upgrades, Grimes said. “They tell us the buyer’s going to make changes anyway, so why bother? But that was 10 years ago. People just want to see themselves moving their lives and their furniture, especially buyers from California.”
This is all advice that carries into the future, too, as Nashville agents don’t see the Los Angeles inflow abating anytime soon.
“We’ll continue to stay in high demand and for good reason,” said Sotheby’s Harrison. “We’re the No. 4 job market in the country, across all industries. We have amazing infrastructure, great schools and incredible jobs. And we’ve still got a lot of land, which they don’t have in L.A. We can handle the number of people coming here.”
Even at the high end, buyers are drawn by Nashville’s “reasonable” property taxes and the absence of state income taxes in Tennessee, according to Harrison.
“As a ballpark, you’d pay less than half in property taxes here on a three-bedroom, two-bathroom home than in L.A,” he said.
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California
California tech leaders challenge progressive policies as billionaires, businesses flee: report
Rep. Kevin Kiley, R-Calif., criticized California’s ‘devastating’ proposed wealth tax and how it will affect the state’s residents on ‘The Evening Edit.’
A group of tech industry leaders and self-described “radical centrists” are vowing to push back on left-leaning policies in California that are causing an exodus among wealthy entrepreneurs and businesses from the Golden State.
The New York Post reported that the group held an event attended by about 350 people in Mountain View, California, that featured elected officials, including San Jose Mayor Matt Mahan, San Francisco District Attorney Brooke Jenkins, tech industry leaders and hundreds of attendees who want to challenge the progressive tilt of the state’s policies.
The meeting comes as several prominent wealthy entrepreneurs have left California to avoid a proposed 5% one-time wealth tax on billionaires who were California residents at the start of this year, with the tax due next year. Meta CEO Mark Zuckerberg, Google co-founders Larry Page and Sergey Brin, Oracle founder Larry Ellison and PayPal co-founder Peter Thiel are among those who have moved assets or relocated from California.
Business leaders who are spearheading the group urged those in attendance not to give up on California by leaving and instead push back on left-leaning policies by electing more moderate politicians.
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Y Combinator CEO and founder Garry Tan launched “Garry’s List” to educate voters about California politics. (David Paul Morris/Bloomberg via Getty Images)
“Some people have decided to leave our state as some kind of heroic thing. Like, ‘I’m going to Florida,’” Ripple Chairman Chris Larsen said at the event, according to the Post’s report. “That is not brave. That’s surrender. So, let’s get involved. Let’s take back our state.”
Larsen said the group needs to “fight on par with the unions when they’re proposing stupid job-killing ideas like the San Francisco CEO tax.”
He also called out Democratic politicians who are competing to become the party’s nominee for California governor, including former Democratic presidential primary candidate Tom Steyer, Rep. Eric Swalwell and former Rep. Katie Porter for supporting the union-backed CEO tax.
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Policies such as the San Francisco CEO tax and a proposed wealth tax targeting billionaires have sparked pushback from California centrists. (Justin Sullivan/Getty Images)
He said it’s “really disappointing,” and it reflects the pressure that labor unions have put on the state’s elected officials. Larsen added that while the group isn’t anti-union, it aims to balance labor’s ability to influence elected officials.
Y Combinator CEO Garry Tan hosted the event after he launched “Garry’s List” last month to serve as a “citizen’s union” to support centrist candidates in California who are supportive of policies to improve the state’s schools and addressing issues related to housing and public safety.
Tan criticized Steyer, saying he’s attempting to “buy the governor’s mansion to raise your taxes,” and praised Mahan as the “next governor of California.”
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The hotly contested Democratic primary to replace Gov. Gavin Newsom will be a flashpoint for the brewing battle between centrists and progressives. (Justin Sullivan/Getty Images)
The Post’s report noted that Garry’s List is focusing on voter education efforts through a blog Tan writes with the assistance of AI. Tan launched the site criticizing anti-growth policies, wealth taxes and a strike by San Francisco teachers.
Garry’s List is one of several groups that have been formed in an effort to stem the leftward lurch of California’s politics.
A group called Grow California was created by Larsen and Tim Draper, which will spend about $40 million to support “pragmatic” candidates focused on addressing issues like the cost of living.
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Another group called Building a Better California was launched by former Google CEO Eric Schmidt, venture capitalist Michael Moritz and other tech leaders. It has raised over $45 million to help advance initiatives to reform tax policy and spur development.
California
Northern California’s House of Clocks has stood the test of time for 55 years
While we may lose an hour of sleep this coming weekend, one clock store in California is gearing up for one of its busiest times of the year: daylight savings.
It’s the House of Clocks, the largest clock company in Northern California, which was recently celebrating 55 years of business.
It’s a place frozen in time. Just visit the store’s 240-year-old grandfather clock. It’s got plenty of stories to tell, dating back to 1780.
“This is the oldest piece we have right now,” clocksmith Joey Hohn said.
The House of Clocks is on the outskirts of Downtown Lodi in San Joaquin County.
“We have new, we have vintage, we have antique,” co-owner Sandy Hohn shared. “Honestly, it feels like not a day goes by that we don’t get a phone call or an email of somebody wanting to sell something for 100 different reasons.”
The clock store has been with the Hohn family for three generations. It’s all thanks to one family heirloom.
“When the first war started, [my grandparents] left everything and had to move,” Joey Hohn explained. “After the Second World War, my grandpa was stationed in Germany. They went back to the house that had been abandoned and the neighbor who they left the property to said, ‘As far as I’m concerned, everything in the house is still yours.’ They went back and got this, so this is my great-great-grandparents’ clock.”
You can find just about anything in the House of Clocks, from old grandfather clocks to clocks that can fit in the palm of your hand.
What you can’t find anywhere else is the Hohns’ love for Lodi.
“We’ve made so many friends over the years out of customers,” Sandy Hohn said. “Friends that are just wonderful, that love collecting, and we keep them repaired for their families, which is awesome. They have sentimental value that’s passed down.”
That same love for the city and their community runs in the family.
“We had a customer that wanted to repaint their dial,” Joey Hohn explained. “We told them no because it was her father’s who had passed away. Every time he went to wind the clock, he placed his thumb in the same spot. When we told her that smudge there on the dial was her father, she said, ‘Back away, don’t you dare.’ It was just a good memory we have.”
While you can’t turn back time, what we can do is keep memories alive and treasure the present moment.
“There’s so many personalities,” Sandy Hohn said. “We just try to find a good home for them.”
California
Signs of spring blooming at Antelope Valley California Poppy Reserve after wet, warm winter
It’s beginning to look a lot like spring!
The warm and wet weather this winter has led to the start of a dazzling super bloom at the Antelope Valley California Poppy Reserve.
“We had an unseasonably warm winter as well, so there’s actually a lot of growth,” said Callista Turney with California State Parks. “We’re having early wildflowers that are already at the park. So if you look at the poppy live cam, it shows a lot of orange already.”
The rain has helped the early blooms, but it’s actually the heat that accelerated the growth of the flowers.
“It will actually speed up the growth of the plants, so some of them were already blooming and that’s going to cause those blossoms to accelerate faster towards seed production. And the blossoms that are in the process of being formed, those are going to open up soon as well.”
We also sometimes see great super blooms in Death Valley National Park, Anza-Borrego Desert State Park, Joshua Tree and the Mojave National Preserve.
“It’s definitely a rare occurrence because we don’t always have the right conditions. It’s gotta be the weather, the wind, the rain, all coming together,” said Katie Tilford, Director of Development and Communications with the Theodore Payne Foundation.
If it continues to stay unseasonably warm, we’ll see a shorter bloom. The key to a longer season is milder weather.
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