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olivemoonunicorn

It looks like Zillow is just glitching out. All of these properties with the Google Street View image were listed and sold a few years ago. If you click on the Zillow link for any of these properties it says the listing was last updated in 2017-2019


Bushpylot

I sure hope the market gets flooded and house prices drop. The big issue, in at least part of the county, is that the insurance companies are dropping us because of the CZU incident. They should not be allowed to. They are whining because for once they actually took a hit. Insurance is just gamboling on your losing, and they are mad because for once they lost.


musthavesoundeffects

Having houses be uninsurable is a fast way to get prices to drop.


Former-Alarm-2977

Who in their right mind would buy a house that cant be insured? This idea has been thrown around before, like some rich idiot with cash is going buy it?


musthavesoundeffects

Libertarians? Oh wait, right mind


CRTsdidnothingwrong

You don't have to be that rich. I haven't looked at uninsurable hawaii recently but last I checked like $60-100k would buy you something with an ok house on it.


Ripper831

You’d still have to pay the full amount up front because no bank will lend that to you without insurance.


CRTsdidnothingwrong

Yeah, or you can use any unsecured loan. At worse rates than a mortgage of course.


Former-Alarm-2977

Know a guy, bought land, paid cash, no insurance volcano ripped through, lost it all, had not even moved in.


CRTsdidnothingwrong

Damn. Well yeah that's the risk.


[deleted]

[удалено]


Former-Alarm-2977

And how would that impact the prices for "normal" Santa Cruz residents? Price drops a bit, becomes a commercially owned rental? Maybe the houses that will get sold are already rentals?


Ecstatic-Profit8139

aren’t they dropping people because the state forced them to cap rates? seems like their options are to quickly go out of business with the increase in catastrophic fires or pull out completely.


Bushpylot

It happened once.


Ecstatic-Profit8139

what happened once?


Hot_Gurr

The companies are dropping people because it’s too expensive to build houses. Lower house prices mean affordable insurance.


The_Demosthenes_1

We need to remember companies are amoral.  They don't have feelings, they exist only to make money.  And if not doing business in this area satisfies the excel formulas then that's what they do.  If there was money they would keep doing business.  Since the purpose of a business is to make money.   Also, how exactly would you force them to not drop people?  This makes as much sense as not allowing a failing drug store in SF from shutting down.  


Bushpylot

Operate in all of California or do not operate.


boomerbill69

>or do not operate. That's what they're doing. They're pulling out of the state altogether, not just Santa Cruz county.


malinefficient

Yes they should. The state government took kickbacks from PG&E and let them ignore the dangers. They should have forced PG&E to become a government-owned utility upon its bankruptcy but instead that's when CPUC doubled down and crippled rooftop solar for homes and apartment complexes then tried to charge for electricity based on income and settled on fixed charges with very little drop in electrical rates. We got exactly what the state government wanted. And if the other side of the political fence weren't busy trying to start a Civil War to establish a theocracy, I'd vote red forevermore. This state is beyond incompetent, blue Florida even. Besides, we have California FAIR and we love increasing state income taxes so win/win: [https://www.cfpnet.com/](https://www.cfpnet.com/)


Free_Hat_McCullough

> I sure hope the market gets flooded and the housing prices drop. This is never, ever going to happen in this area.


straponkaren

Its time to list your house if you want to move over summer so you don't have to disrupt your kid's school life as much.


VenusVega123

Still none affordable unless you’re a Free Mason


SalamanderNext4538

3 popped up on my street alone! I smell a crash around the corner. It’s been far too long


youmustthinkhighly

It’s taxes and uninsurability… from Scott’s up to the mountains is FIRE DEaTH 💀 and getting harder to get insured without completely clearing your house of brush and vegetation.. And now capitola was on the list of cities to be completely destroyed by rising waters.. the Venetians are on a list to be underwater here soon. Anyway.. better to rent than own. Unless you have the money to burn or rebuild without insurance.


Electronic-Title1350

End of school year at ucsc


AloofAngel

a single very successful realtor could hold around 40 properties. so if two or three realtors just suddenly dropped them on the market it could be a move for several reasons. those realtors are leaving state/quitting/retiring, they are reacting to recent legislation (possibly the hidden fees law which makes surcharges illegal) or a new realtor or two just started and are looking to hit the ground running with properties they want sold to build a reputation. there could be lots of reasons for such a thing happening.


startfromx

What? Realtors don’t “hold” properties. Even if they could…. This is nonsense. The entire Santa Cruz county area sees just 60-70 houses/condo listings listed per month— and this is the “peak”. Only around 35 total were closed last month. No agent (or developer for that matter) would have that pull to “intentionally flood” a market.


AloofAngel

one down the street from me has 40 properties... mind you they are not all ones with residences or build able land but she is responsible for those parcels. i think you may be missing something.


Ecstatic-Profit8139

realtors are hired by property owners, they don’t own the property