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@jeschr3462 Сағат бұрын
Thanks for the info! What are your thoughts on investment properties near college campuses like Berkeley and Stanford? That seems like the ideal place to start and test the waters with real estate investing :)
@mdshakib-d1m7t 11 күн бұрын
How can I contact you?
@smellison09 11 күн бұрын
@jayralston2305 17 күн бұрын
Fuk the adu idea all it’s going to do is make neighborhoods more dense
@richardbernardjr9215 17 күн бұрын
great info, thanks for sharing.
@smellison09 16 күн бұрын
You are welcome! is there any topic you want me to discuss or tackle here on my KZbin channel?
@CrazyPetez 26 күн бұрын
We in California private homes do not want ADUs. Shannon, leave us alone.
@handimanjay6642 Ай бұрын
Meanwhile crooked contractors are stealing people’s money. Property taxes go way up and more homeowners becoming landlords that may or may not get their payments on time or at all. Hard pass for me.
@poollife777 Ай бұрын
People who build big adus in their backyard in a neighborhood are freaking selfish jerks.
@ausquiano29 Ай бұрын
Greetings, can you please explain AB2533
@johnc3473 Ай бұрын
California and Californian's are the cause of everything dividing this country
@richardbernardjr9215 Ай бұрын
Good morning!! You would do much better with a better mic as it's VERY HARD to hear what you are saying. Wish you the best and know your channel will grow.!!
@hondainsight421 Ай бұрын
Is California allowing ADU's to be a separate property. What I mean can the landlord subdivide his property into a owner occupied main building and an ADU and then sell off the ADU
@hondainsight421 Ай бұрын
Land owner
@smellison09 Ай бұрын
That is correct. You can sell the ADU as a separate property now under CA-AB 1033. However, you do not need to subdivide the land first. You can sell the ADU, but before the close of escrow, a mini 'HOA' must be created that outines the usage laws/rules for the land between the two owners.
@mildredcrowl5254 Ай бұрын
How do we get the state funding. My parents wants to build and ADU in our backyard and they don’t have the funding for it. How can they biluild and how much?
@smellison09 Ай бұрын
In California, the California Housing Finance Agency (CalHFA) offers a grant program to help homeowners finance the construction of Accessory Dwelling Units. The grant can provide up to $40,000 to help with pre-development and closing costs. To apply for the grant, you must: Be a homeowner in California Own a single-family home Meet any income limits Gather required documents, including: Proof of income Recent utility bills Tax returns Scope of work for your ADU project Complete the application process Await confirmation If approved, the grant funds will be placed into an escrow account. You can use the funds to pay approved third-party vendors throughout the project. What the grant can be used for Pre-development costs, such as site prep, architectural designs, permits, and soil tests Non-recurring closing costs Buying down the interest rate on loans What happens if you receive the grant? You will receive a 1099 from CalHFA for the year the grant funds were wired into escrow You may need to pay taxes on the grant funds the following year Other financing options You can also use other financing options to fund an ADU, such as: A Home Equity Line of Credit (HELOC), Home Equity Loan, Cash-Out Refinance, and 203k Loan. Cities and localities across California may also offer special ADU grant or loan programs
@eze289 Ай бұрын
Mexican beverly hills in LA will.become Inglewood 😅😊
@ImranYousufz 2 ай бұрын
can you explain what do you mean sb897 and ab2221 are "on the horizon"? I thought they already passed and were in effect?
@TravW12 2 ай бұрын
She’s a keeper!
@smellison09 2 ай бұрын
Thank you! How's the election result for you so far?
@TravW12 2 ай бұрын
@ I’m happy! It will take a bit but this should get the economy moving again.
@Chiranjiv07 3 ай бұрын
Hey Shannon Ellison, I made a Loom video for your channel highlighting some areas that could use a little improvement. How should I send it to you?
@eduardogonzalez-ej3ci 3 ай бұрын
the Armenians are destroying property in LA
@carldesousa3517 3 ай бұрын
Hi Shannon, any recommendations on real estate attorrnies that have experience with condo rules and creating HOAs? What if you live in an unincorporated area of San Jose then its Santa Clara county that needs to adopt the bill?
@smellison09 3 ай бұрын
Thanks for the question! As of now it must in an incorporated part of San Jose. Please see the checklist here for details and requirements to qualify. www.sanjoseca.gov/home/showpublisheddocument/113197/638578605500230000
@gogreenlocally 4 ай бұрын
Great video, thank you. How can we get more states to approve these new laws? Thankfully California is leading the way!
@poollife777 Ай бұрын
Nope not going to happen in Florida says it can't be that big and it has to look like the house these people aren't building freaking adu or building freaking homes on single home properties. California stinks.
@TylerPKegger 4 ай бұрын
My landlord said she’s removing our garage and turning it into a ADU, she’s increasing the rent taking away space. 4 bedroom house will now be a 6. Plus having a stranger living with us with a just a wall separating us is not giving us peace of mind. Streets are already flooded with cars after 6PM here in Soledad.
@Tee-duck 3 ай бұрын
Good news is you can move out. ADUs destroying neighborhoods
@robertjosan 5 ай бұрын
Thank you for your feedback
@smellison09 4 ай бұрын
You are welcome. Any questions?
@calhomeco 5 ай бұрын
Great video on ADUs!
@smellison09 4 ай бұрын
I'm happy to help!
@kendallevans4079 5 ай бұрын
Anyone that can squeeze one of these into their property will do it. This will destroy neighborhoods if allowed. HOA's need to adapt rules NOW to make them illegal!
@MudvilleMedia 4 ай бұрын
Why would you want them to be illegal? And California already passed laws that make it illegal for HOA’s to ban ADUs
@kendallevans4079 4 ай бұрын
@@MudvilleMedia Think about it! People will rent them out to anyone. Druggies, illegals. Just having more people in any given square footage decreases the quality of life for everyone
@MudvilleMedia 4 ай бұрын
@@kendallevans4079 I’m pretty sure, most people would not rent them out just to anyone. Being that most homeowners live on the same property as the ADU
@kendallevans4079 4 ай бұрын
@@MudvilleMedia I would like to agree but many people will do anything for extra money when in a jam.
@youaintlyin3388 4 ай бұрын
@@kendallevans4079Quality of life is already compromised,too many people,too much traffic,etc.etc.
@Freelancersupravat 6 ай бұрын
Ma'am, you give me the responsibility of managing your channel for a week, if it improves you will hire me.
@shannonellison7224 6 ай бұрын
I have an account manager already, thank you!
@Freelancersupravat 6 ай бұрын
@@shannonellison7224 Don't forget to let me know if you ever need it ma'am
@Freelancersupravat 6 ай бұрын
Hello dear ma'am! I saw your KZbin channel, you upload very nice videos on your channel. I have watched and audited the videos and noticed that all the videos are beautiful. But there is a problem with your channel! Your main problems are video views not coming in and your videos not reaching your target audience! Because, your channel does not have SEO! If you don't fix the problem, your video won't get video views organically because the KZbin algorithm works on keywords, but your channel doesn't have any keywords! You need a full SEO setup and Keyword research to grow your channel. These problems can be solved by SEO techniques. Every video will rank on KZbin if you do SEO perfectly. Doing SEO will help your video reach the right people and increase views. Remember, SEO is not a single task, it is multifaceted. If you want, I would like to make one of your videos for free SEO. I am an SEO expert. Have a nice day Best Regards Supravat Das WhatsApp: +919732460715
@Freelancersupravat 6 ай бұрын
Hello dear ma'am, Hope you are well, Ma'am, do you want to grow your KZbin channel and promote videos? can i help you.
@Freelancersupravat 6 ай бұрын
Great!
@shannonellison7224 6 ай бұрын
😃
@Freelancersupravat 6 ай бұрын
@@shannonellison7224 ma'am,If you want I can promote and marketing your video and KZbin rank your video. if you give me a chance.
@Freelancersupravat 6 ай бұрын
@@shannonellison7224 Ma'am, I can do free SEO of two videos and if results are good you can hire me to grow your channel.
@graceweber2822 6 ай бұрын
I wonder if the senior communities run by HOA can restrict ADU's.
@smellison09 6 ай бұрын
Likely no, HOA and senior communities are fairly strict about building.
@MudvilleMedia 4 ай бұрын
In California, HOAs can no longer ban ADUs but can put restrictions.
@stevelopez372 4 ай бұрын
Yes besides many HOAs have very little space leftover for An ADU. We can’t entirely dump the fire code restrictions. ADUs are fine but really do not handle affordable housing problems does it?
@ARShibbir-cx8uh 7 ай бұрын
Hi, Shannon Ellison. Your thumbnail is good, but it's not eye-catching. So that your views are low. If you give me permission to make a thumbnail design for you. I can try.
@staceylam762 7 ай бұрын
Tax will go up 5000 a year if your ADU gets appraised for $400k
@robertjosan 7 ай бұрын
Can you build an ADU before you build a main house? If we are allowed to build an ADU prior to building the main house, do we need plans for the main house prior to building an ADU. and how much time do we have to live in the ADU?
@smellison09 6 ай бұрын
in our area, it is possible, but you will definitely want to check your specific cities restrictions. Every city has different laws around ADUs.
@robertjosan 6 ай бұрын
@@smellison09 thank you for the feedback
@matthewellis3004 6 ай бұрын
Hi Shannon, what is your area/ County? I’m wondering if in Santa Cruz County if I find the right Lot/ zoning, I can just build all ADU’s on their for maximum rental income ? Are people doing this and making bank?
@smellison09 5 ай бұрын
@@matthewellis3004 great question! The Santa Cruz county laws are going to require an existing primary dwelling. More information here: cdi.santacruzcountyca.gov/Planning/Housing/ADU/BasicRequirements.aspx
@fl8586 7 ай бұрын
The numbers you presented here, I assume they for the Santa Clara County and not the whole Bay Area right?
@smellison09 7 ай бұрын
Correct! Santa Clara county. Is there a different county you’re interested in knowing stats for?
@CynthiaWeaver-n7e 7 ай бұрын
Great job Shannon❤
@smellison09 8 ай бұрын
*How interesting!* like this comment if you agree!
@ericrubalcava9428 8 ай бұрын
I’m in the process now building an ADU.
@smellison09 8 ай бұрын
Nice, where are you located?
@ericrubalcava9428 8 ай бұрын
@@smellison09 Corona California
@smellison09 8 ай бұрын
@@ericrubalcava9428 that’s awesome. Be sure you know all the special California setback rules as it pertains to SB9 so you can maximize its size for the lot!
@ericrubalcava9428 8 ай бұрын
@@smellison09 Yes,, thanks for the info! It’s currently under construction and just about half way through the build. 879 sqft, 2 bed and 2 bath. So far so good! 😊
@dumbeezy5480 8 ай бұрын
@@ericrubalcava9428 If you don't mind how much per square foot?
@cash3806 9 ай бұрын
🤗 "Promo sm"
@sarcheshmehus 9 ай бұрын
thanks for making it simple to understand
@smellison09 8 ай бұрын
If you have any questions, I'll try to create a video about that.
@Freelancersupravat 10 ай бұрын
Hello dear ma'am, I saw your KZbin channel, you upload very nice videos on your channel. I have watched and audited the videos and noticed that all the videos are beautiful. But there is a problem with your channel! Your main problems are video views not coming in and your videos not reaching your target audience! Because, your channel does not have SEO! If you don't fix the problem, your video won't get video views organically because the KZbin algorithm works on keywords, but your channel doesn't have any keywords! You need a full SEO setup and Keyword research to grow your channel. These problems can be solved by SEO techniques. Every video will rank on KZbin if you do SEO perfectly. Doing SEO will help your video reach the right people and increase views. Remember, SEO is not a single task, it is multifaceted. If you want, I would like to make one of your videos for free SEO. I am an SEO expert. Have a nice day Best Regards Supravat Das WhatsApp:+919732460715
@Freelancersupravat 10 ай бұрын
Great!
@maribelhernandez4174 10 ай бұрын
where can I take the homeownership class, I would like to do virtual, I don't want to pay the online class if I can avoid it. I can do virtual if the cost is less. Any information on which HUD provides this class?
@_davidturner 10 ай бұрын
I’m a new dad, I moved closer to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like Nvidia and AMD are still strong buys.
@clintscott3300 10 ай бұрын
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
@ivymaddison 10 ай бұрын
well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.
@xavier_lucas 10 ай бұрын
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whopping 338k U.S in Q4 last year.
@_davidturner 10 ай бұрын
this is all new to me, where do I find a fiduciary, can you recommend any?
@xavier_lucas 10 ай бұрын
browse; my f/a is monicamary-strigle. wont say much but pretty simple with great looks but showed dedication to everyone I have pointed herway, and you must not be an accredited investor.
@tylergorsuch6418 11 ай бұрын
You didn’t mention anything about how the program is only for first generational homebuyers
@smellison09 11 ай бұрын
correct - how they are planning to verify this is still unclear.
@daobates Жыл бұрын
Very good information
@jimbobarooney2861 Жыл бұрын
This probably won't end well for first time buyers at this point imo, fueling prices by low supply may seem good and the mantra is, over time supply will increase and the market normalise, its unlikely that will happen for a decade or two, this situation has lead to stagnation which will eventually lead to broader stagnation in the economy, short term gougeflation feels good for some at this moment but ultimately it implodes the system to the point we are at, completely stagnant. A seller now will gardner an inflated price but they will have to purchase at an inflated price, and with such low supply there options are poor, leading to poor decisions made. In my area (not in the US) inventory is steadily declining, the pool of property is poor, the good homes are just not on the market, what is left is large and very small, poorly located, badly maintained properties that need modernisation at high prices, its truly a mess
@Divyv520 Жыл бұрын
Hey Shannon , really nice video! I was wondering if I could help you enhance Editing in your videos and also make a highly engaging Thumbnail which will help your video to reach to a wider audience ?
@taylorkim9049 Жыл бұрын
Thanks for the info!! Keep it up!
@ivang9885 Жыл бұрын
Picking data to suit your conclusion. There is a plethora of leading economic indicatros that scream trouble but somehow did not make it to the video. Contraction of m2 money supply while increasing interest rates does not end well. Institutional and private investor pullback from housing. Short term rental bans are spreading. Historic bond selloff indicative of higher rates to come. The consumer, i.e. potential home buyer, is not doing well. A snapshot of the market where sellers are holding out because they have nowhere to go is disingenious.
@RP-le1fp Жыл бұрын
Most of us homeowners are setting on our 2 or 3% fixed rate 30 year loans. We are not going to sell anything. Where would we go?
@smellison09 Жыл бұрын
Exactly. Contributing to our inventory shortage.
@Youcomeasuare Жыл бұрын
Well the 2008 crash didn't happen in a year. It started in 06 and didn't stop falling until it bottomed in 2012. ANYONE who believes in the large real-estate companies and realtors/ regulators, and a majority of realtors, should look for ocean front property in Montana. The data doesn't show the real on the ground data, just like the "inflation numbers". Most all the homes that have sold, sold for less than asking price. Let alone show what's being foreclosed on. Banks are posting BILLIONS in "unrealized losses" Due to those college educated data readers. Be patient stop the fomo attitude and wait. More banks will fail, interest will reach double digits, Millions will hit the unemployment lines, and foreclosures will take off, and prices will plummet yet once again. Please don't buy into "marry the house and date the rate". The value of your property will drop and you'll be upside down and will not be able to refinance. So you'll marry the rate for at least 10 years before you can refi. That is if you don't walk away from it before then.
@peterstrategiesYT Жыл бұрын
Shannon, instead of trying to sugarcoat what’s happening and just focused on past and current data, this is your chance to position yourself as one of the few that actually said things how they are. Look deeper in the data and you will understand what we are about to experience. Best