Jer Realty

06/08/2026

Think socialism and special taxing those so called evil millionaires is the solution to city tax issues?

Just recently Washington (spear headed in Seattle) passed the "Millionaire Tax" on top of employee "head tax", "jump start" 5% payroll taxes, etc along w/not keeping up safety. Well the exodus is already happening fast. (Just like California, New Jersey, NY, & Massachusetts).

The rich take thier business elsewhere. Moving is just a tax right off. Other cities welcome them with open arms with incentives.

Those cities who pass these anti-rich policies get a rude awaking. Seattle offices are already at 1/3 vacancy. Homelessness and crime move in, cause even more businesses to leave because of crime. Because all of the vacancies the city gets less taxes. When this millionaires tax hits in 2028 it is estimate 50% vacanies. Shooting themselves in the foot. Ouch!

Big cities need to encourage corporations and high wage earners to come. They bring millions into that area and provide jobs. They do pay taxes and bring in tax revenue. When it gets to a point they are being penalized for being great, they leave.

This "tax the rich mindset" is becoming popular in democratic states. With horrible results. So far Hawaii has not gone this far and I hope watching how destructive these policies are, will not do this.

Note: Just 10 miles away from Seattle is Bellevue. Highly desired area, low vacancy rates, booming right now. Why? Strong safety and crime enforcement. Don't have all the wierd city taxes.

The big watch is to see how will this state wide "Millionaire tax" in 2028 plus the Seattle Exodus affect them. I predict by 2030 the negative result will show in Belluvue also, unfortunately.

https://www.facebook.com/share/v/1aU9kRQo8Z/

06/03/2026

https://www.facebook.com/share/v/1JGymgHzkN/

05/26/2026

05/15/2026

New Listing! $1,258,000. Lake goes through times of drought but fills up quickly.

04/18/2026

https://www.facebook.com/share/v/1CZTkmxhWY/

04/08/2026

With great pleasure I say CONGRATS Paolo. NEVER to late to be a first time home buyer.

This was a little hairy at first but at the end beat out two other offers with strategy and some luck. I am just glad we were able to make this turn key deal for you. Timing and showing during extreme rain storms was everything to help make this happen. The early bird gets the worm. We are very happy for you!

And yes, one day soon we will play some pool. :) until then, Enjoy!

03/15/2026

Yesterday we drove in this craziness. Tess had PT while i did a showing. Pouring BUCKETS! (Broken trees, closed roads, etc). My favorite was coming out of the LIKELIKE Tunnel.

03/06/2026

Single family average above $1,205,000. Rates are still higher so the Big question is how? Quick two answer 1) Is lack of inventory and movement. (Rents are high too due to this) with #1 #2) Homeowners kinda trapped. They have low 3.5% loans and want to upgrade but this doesnt make financial sence to get a bigger house or condo at 5.8%.

This is an interesting time. Until interest rates get A) Down to high 4% at least or B) Higher like 7% or more creating a stagnant market, creating more inventory, thus a drop in prices i don't see things changing much.

If you can sell now is a good year to do so in my opinion as steady slow increases are happen w/low inventory.

03/03/2026

Similar stories coming from the Maui Lahina peeps that has happened in California.

https://www.facebook.com/share/v/14Yw1ucm5Bx/

03/02/2026

Suite 304 at Nalu Lani Plaza is LEASED. :)