Category Archives: Transcript

The French Rivera and Spaghetti – Transcript

Tom, here.

This is where we talk a lot about real estate and a little about life.

You can also go more in depth by clicking on the links in this Episodes Transcript.

You have some money and are trying to decide where you might get the highest return on it if you buy a rental property. Now, where in the world would you go? What Country would you choose?

Can you guess who number one is? The Philippines with a 6.13% rental yield.

Canada comes in at number 17 with a rental yield of 3.9%. Learn about the other 23 cities from this Business Insider article.

When you think of the French Riviera, what comes to mind? Your last vacation? The Mediterranean Coastline? A movie set on the French Riviera? How about home ownership where 25% of the buyers are British, 20% French, and the balance from a host of other countries. This may be in part because France has no restrictions on foreign buyers other than the amount of time spent in their second home.

Want to buy a home in South America? How about Panama? Kent Davis is an agent in Panama and he has some excellent words of wisdom for you if you want to buy a home there. One piece of advise is the concept of time. That new construction home just might take a couple of years rather than the one to one and half years you are quoted. Who should you trust. How many ways can you be taken advantage of? Should you believe what you are told?

What are the most popular homes in the U.S. people bookmarked or saved during their searches? Trulia pulls back the curtain so you can learn more about these homes, whether the $71,534. home in Hunstville, Alabama or the $10,750,000. home in Washington D.C.

Prices Reduced in Sydney Australia by 4.5%. An article in Forbes explains why the Australian real estate market is declining, including the fact that 40% of all mortgages are interest only.

Let’s talk about real estate in the State of Montana.

You might consider the two ranches offered by Mort & Donna Fliescher for $50 million dollars. Of course only 7,000. acres of those acres are located in Montana.

Montana is the fourth largest State in the U.S. yet only has a little over a million people.

With good appreciation and mortgage delinqency rates two thirds of the national average, there is a lot to like here. With it’s “A” rated schools Bozeman is the top place in the state to live as well as one of the top 100 in the nation.

Billings, the largest city in Montana with a 2016 population of just over 110,000 has seen values increase 95.67% between the first quarter of 2000 and the first quarter of 2018.

Going west, what is happening in the Portland Oregon Vancouver Washington area?

A new record has been set for the most paid to buy a home in Portland’s Multnomah County . The Eastman-Shaver house in the west hills of Portland sold for close to $7,000,000. Learn more about this Mediterranean Style home. You might ask, “Just how much are the Property Taxes on this home?” The answer: A mere $65,000. per year.

Can you break a piece of raw spaghetti in two?

What typically happens?

When you bend the two ends and the piece of spaghetti snaps, it will in most cases break into three pieces.


That is the question first asked by physicist Richard Feynman and explained by two French physicists who received a Nobel Prize in 2005 for their theory.

The initial break would cause a “snap back” effect which would travel along the piece of spaghetti. It was how the spaghetti would fracture.

Two MIT students just became the first to be able to consistently break those pieces of spaghetti into two pieces after building upon the mathematical model of the French physicists.

What does spaghetti have to do with anything other than a great meal?

It could have a positive impact on a better understanding of steel struts used in buildings and bridges.

I think there is also an analogy here as it relates to real estate negotiations and personal disagreements.

We need to learn how to stop fracturing relationships and negotiations when we are at different ends of the proverbial piece of spaghetti.

We need to realize there is a point at which expectations snap and the negotiation process can be slowed down or abruptly ended.

It is only as we decide to stick together toward a common goal or understanding, that we are thrown into the pot of boiling water, become flexible in our attitude, and often come full circle so that the ends of the warm pot of spaghetti pieces are not so far apart.

How do we know when the spaghetti or negotiations are successful? I was always told to throw a piece against the wall and if it sticks, it is ready. I guess the same might be said for negotiations and interaction. When both parties have come together, softened their positions, and come to a mutually acceptable position that sticks, it is time to have some dinner.

Thank you for listening to and always remember, financially speaking, “When it comes to real estate, the best time to buy or sell, is when you don’t have to.

One Persons Trash is Anothers Island Home – Transcript

Tom, here.

This is where we talk a lot about real estate and a little about life.

The transcript provides links for you to go more in depth on the topics covered here.

There is only so much land on this earth so what other options do we have?

No Land? No Problem? Will technology save the day when it comes to a land shortage? There is an off the grid floating home a Canadian Couple spent twenty years building. You will find one person’s trash is anothers floating island home as shown by British Artist Richart Sowa. Even though you might enjoy a slide show video of Amazing Floating Homes, can floating homes really solve any of societies problems? Amsterdam came up with a plan to help alleviate their housing shortage by building floating homes.

What shows up in the World News for real estate?

CNN has a great article about the rising prices and the strong real estate market in Europe. Prices in Madrid have risen 10% and Dublin has seen nearly 12% increase in the first quarter. Another trend? Younger buyers are choosing smaller cities where they feel they can get a better quality of life.

One area where prices continue to be reduced is in the Countryside of Italy. Global Property Guide has an in depth article about what is happening in Italy’s Real Estate Market. With interest rates as low as 1.92% earlier this year, wouldn’t you expect a housing boom? Learn what is holding back a boom from happening in various parts of Italy. Keep in mind the number of owner occupied households they have. Would you guess it to be 60%? 70%? Maybe 80%? If you have to guess. Guess on the high side.

Have you ever thought about what the home ownership rates are in other countries around the world? There is a Wikipedia article that might surprise you.

Everyone strives for home ownership, right?

There is an article in Business Insider entitled “I’m a financial planner — here’s why I won’t buy a home” The author doesn’t say he wouldn’t invest in real estate. What he does say is that he won’t own the home he lives in. It’s an article worth reading.

Kind of unusual that someone would choose not to be a home owner isn’t it?

Maybe not so unusual if you lived in Germany. Although home ownership rates in Spain and Ireland are in the eighty plus percent range, Germany is on the other end of the scale for European Countries at about half that, or forty one percent. Why choose to rent over buy? Banking requirements for home ownership and government regulation may play a part in the decision and satisfaction with renting.

Did you know there is the “Organisation for Economic Co-operation and Development” or OECD. It has a Better Life Index where it focuses on housing, education, jobs, and even life satisfaction across many countries of the world. Don’t visit this website unless you also want to learn about Work-Life Balance.

What is happening in the U.S. in the area of real estate?

Let’s look at the State of Florida.

If you are looking for an entry level Luxury Home in Sarasota County, you will pay 19.7% more than last year, That is the highest rate in the nation for the twenty fastest growing Luxury Markets studied.

Ever wonder what your real estate agent does on their off time? Donna Kalil spends her time off capturing Burmese pythons as part of a Python Elimination Program by South Florida’s Water Management District. Her largest? About twelve feet long.

Take 10,000. neighborhoods across the United States, focus on six factors including appreciation, crime, schools, and unemployment, and what do you find? You find that the Pine Ridge Neighborhood in the Naples Florida Metro area is the 10,000. to 1 favorite.

Did you know that Florida was number one of the top five states for Foreign Investors according to the National Association of Realtors?

Let’s go from the southeastern United States to the Northwest United States, the Portland Oregon Vancouver Washington Metro area.

Oregonlive has a great article about the 10 Portland-Vancouver neighborhoods where prices reduced over the last year. To put it a little more accurately, the median price declined year to year for the second quarter. The area with the biggest drop? The 97202 zip code which includes the Sellwood, Moreland, and Richmond neighborhoods where the median price declined 10.2%.

Can’t look at what has gone down without wondering which neighborhoods are the most in demand. The top two are North Aloha or 97003 zip code and North Hillsboro or the 97124 zip code, which is also the location of the 2018 Northwest Natural Street of Dreams.

That is a good reminder that no matter what city you live in, your homes value and amount of demand for it, can vary from neighborhood to neighborhood for the same size and quality of house.

Have you ever watched a time lapse of a water lilly opening and closing? Quite a beautiful site.

Some of us are so focused on what we see on the surface of the pond, we don’t begin to think about all of the plant and fish life underneath it.

There are variations of thought provoking stories about the lily pad.

If you had a pond with one lily pad in it and every day the number of lily pads doubled. At the end of 30 days the pond is completely full. The question is, how many days into the month are you when the pond is 1/2 full? As you might has guessed, the answer is not half way through the month which would be fifteen days.

The next question might be, if you were driving past that pond, on what day might you realize that the lily pads were there? Let’s say it is the 28th which is when the pond is 1/4th full. That leaves us plenty of time to correct the lily pad problem, right? After all, 75% of the pond is unaffected. However, 28 out of 30 days means about 93% of our month is gone, over. That leaves us just 7% of the month to take corrective action, even though only 25% of the pond is covered with a problem.

Maybe that is one reason why , whether in real estate or in life, it makes sense to solve problems when they are small.

Thank you for listening to and always remember, financially speaking, “When it comes to real estate, the best time to buy or sell, is when you don’t have to.

The Houses 3D Printers Built – Transcript

Tom, here.

This is where we talk a lot about real estate and a little about life.

Remember, you can check the transcript for this episode for links to information that peak your interest.

How in the world is real estate these days?

Techcrunch has an article about a new startup called Kazas. It aims to transform

the real estate process in Spain by reducing keystrokes,and saving the consumer time, providing accurate information and additional services. For those of you buying, selling, or working as an agent in other parts of the world, you should be thankful if you don’t have to go through the current four month home buying process.

What does British Columbia have in common with eight states in the U.S.? According to Realty Biz News, real estate agents will not be able to represent both parties in a real estate transaction, commonly referred to as Dual Agency.

Can you guess one country where the Luxury Home Market is booming? Vietnam it is. MansionGlobal has an article that does a great job of explaining the factors contributing to this expanding market including legislative changes, being more affordable than other popular Asian locations, and the coming completion of mass transit and airports in the country.

Where are we finding appreciation slowing and prices being reduced? Bloomberg has an article entitled “The End of The Global Housing Boom” where some of the players affected are London, Beijing, Sydney, and Manhattan.

Get your printer out and let’s build a house. Well, maybe not your printer but 3D printers have made the news.

In Switzerland, a robot builds a 3 story home.

In Shanghai, 10 houses are built in one day by 3D printers.

Learn more about the 3D printer that builds homes for a cost of $4,000. in 24 hours or less in developing countries and for about $10,000. as shown in Austin Texas.

Let’s take a closer look at the U.S. and the state of Idaho.

Boise has a shortage of housing due to the influx of people calling it home. Rents have risen 20% over the last year. One thousand units a year are needed for the projected influx.

It is also listed as number three of the 172 best cities in the U.S. to flip houses in, according to an article by Wallethub. Of course, it was beat out by another Idaho city, Nampa, which took the number two spot. Who took number one? Is it your city?

Now, who would have thought that a rock thrown in the water halfway across the world would impact Boise Idaho.

What metaphorical rock?

Here is what Idaho’s Erik Kingston says in this Idaho Press article “the nationwide market is being affected by a huge influx of investment from overseas, largely from China.”

So what happens in China, doesn’t stay in China. The large influx of investment capital dropped in the world’s real estate markets have created a financial title wave washing over the shores of even Boise Idaho.

Lets invest in ourselves for a moment.

Whether a real estate transaction or personal interaction, isn’t it our expectations that in large part determine whether we feel we are treated fairly or taken advantage of?

If you want to be entertained, there is a video except from Frans De Waals Fairness Study with Capuchin monkeys. Two Capuchin monkeys in cages side by side are given pieces of cucumber and in return they giveback a rock. Both monkeys quickly return a rock for each piece of cucumber. But what happens when one of the monkeys is given a more enjoyable treat, such as a grape. Now, you can search for this video or go to the transcript of this episode and watch what happens.

Real Estate prices in many parts of the world are still increasing. But what if you are in a location where they are leveling off but your expectations are that they are still increasing?

What if you make an offer on a piece of property not expecting the seller to take it, and they do?

How do you feel when you put your house up for sale and multiple offers come in. Was it under priced? You work through that and then the appraisal comes back low which means the bank says it is not worth what your buyer was willing to pay.

When you are buying or selling a house and there are two or three of you having to agree on what you are doing, are your expectations different?

Now here is the big question.

Which one of you is correct in your expectations?

I expect you learned something listening today.

Thank you for listening to and always remember, financially speaking, “When it comes to real estate, the best time to buy or sell, is when you don’t have to.

The World of Real Estate and Personal Growth – Transcript

Tom, here.

This is where we talk a lot about real estate and a little about life.

So what in the world is happening in real estate?

A.T. Kearney’s Global Cities Report for 2018 is out. The top four?

New York, London, Paris, and Tokyo.

Ever wonder what $1,000,000. in US Currency can buy you around the world in such places as Monaco, Hong Kong, London, Paris, and Melbourne among others. If you aren’t familiar with the metric system, remember that 10 square meters is about 106.7 square feet. Knight Frank will take you around the world with photos displaying a variety of architecture, enticing descriptions, and the price tag to go with them.

Speaking of Knight Frank, their 2018 Global Residential Cities Index will show what housing prices have done in 150 cities around the world. The name Abu Dhabi sound familiar to you? The average price was reduced by 7.2% in the last year. Real estate prices don’t always go down, but they might not go up as much as in this City you will learn about with 22.3% appreciation.

Does China’s housing prices affect your local market? If so, then you will want to read more about Junes 1% average increase among 70 major cities in China.

As for London, if you want to focus on Luxury Homes you might find prices 15%-20% lower than they were in 2014. There might be some opportunities for you there.

And now let’s look at the US market.

If you are thinking of moving to the State of Texas, have friends there, or are just the curious sort, you will find this interesting.

In North Texas, the sale of million dollar homes increased 4 times the average of other homes in the first half of 2018.

The third fastest growing suburb in America is located in Frisco Texas. Frisco is about a 40-minute drive from Dallas and is located in Collin County where one out of every three homes is new construction. That is a lot of building going on.

Forbes has a great article on the Texas real estate market where you can see at a glance, both the home price changes and average home prices. You can opt for the Dallas-Plano area with an 11% price increase or Corpus Christie where you will find average prices reduced over the last year by 1%.

Did you know that the number of Bank Repossessed homes in Texas are down by 20% year over year?

Let’s go about 1800 miles north and west from Texas to Portland Oregon, Vancouver Washington and the Wine Country of the Willamette Valley.

Just over two years ago I had an offer on a home in the Milwaukie Oregon area. It was up for sale for $269,000. My buyers offered $285,000. $16,000 over asking price. As a seller wouldn’t you take an offer for $16,000. or 6% more than you were asking? So, did my buyer get the house? The sellers said no. After all, they had twenty-seven offers and ended up selling for 9.7% more than they were asking. Oh, did I mention the offer which was accepted was for cash? Who can compete with cash?

Some of the offers I have written recently have been the only offer presented to the seller or sometimes one or two other competing offers.

If you look at the statistics, both two years ago and today, the number of homes being sold would show as the same. However, only by being active in the local real estate market would you be aware of subtle changes such as fewer offers received to get to that one sale. Maybe not every area or every price point, but subtle shifts in the winds of real estate fortunes.

If you are curious about the real estate cycle in our area, see the chart and graph of “RMLS™ Closed Sales by Month and Year

Now let’s get hyper-local, where the most important real estate in the world is. That space within your heart and mind.

Daniel Simons has a youtube video entitled “Selective Attention Test” which has over nineteen million views. Take a break before you go on and take the test. In the video he has you counting how many times people wearing white pass the basketball. At the end, he gives you the answer. Over 50% of those taking the test, were so focused on what they were tracking they missed out on what some would call the obvious, the gorilla in the room.

You should also watch his follow up video entitled “The Monkey Business Illusion.

What is obvious to you, might not be so obvious to me.

I recently started taking bushes and trees out of my front yard, Some small and some not so small. In the matter of a day, I had everything chopped down, hauled away, and covered over with bark dust.

Neighbors walking by noticed it was more open and less crowded but most couldn’t remember in any detail what was there, even if they had lived in the neighborhood for some time.

Had I said what I was going to do, my guess is they would have made a mental note of how it looked before I started to work and then compared that to the completed job.

Most people walking by were focused on their dogs or engaged in conversation, not on what was happening.

That is one reason why it is always good to walk through a home twice or bring someone with you. Or at the least, have photos to refer back to.

What you see, or what is obvious to you, is in part based on what your background is and what you are focused on when you go through. One person notices the big kitchen with double oven, commercial gas range, and walk-in pantry to store all the things needed for a gourmet meal. However, someone else may only remember the separate shop building which has heat and air conditioning along with all of the outlets, storage racks, and room to park whatever vehicle ones heart desires.

In conversation as in life, we don’t all see the same thing we look at nor hear the same thing we are listening to. Obviously, right?

Thank you for listening to and always remember, financially speaking, “When it comes to real estate, the best time to buy or sell, is when you don’t have to.

And now for the legal stuff: This is Tom Wilser, Principal Broker Licensed in the State of Oregon with Premiere Property Group,LLC 503.422.6321 and Licensed as a Managing Broker in the State of Washington with Premiere Property Group, LLC 360.608.8003 If you don’t want to give up your email or phone number to do a property or home value search in Oregon or SW Washington, then visit