According to an Inman.com article, Kevin Thorpe (Global Chief Economist at Cushman & Wakefield) says we are going to have a very long economic expansion.
At the National Association of Real Estate Editors conference, Thorpe said, “The U.S. will not be going into recessions anytime soon. Recessions don’t just happen. First, we need to see imbalances somewhere in the economy — too much credit, too much exuberance in any particular sector.”
A frequent speaker in the local real estate arena, Carol Rodini and some Bay Area economists agree that some changes Donald Trump’s Republican cabinet will make – redoing the tax code, trying to replace Obamacare, etc. – will be good for the economy.
Carol recently noted the top 10 tech companies in Silicon Valley are sitting on about $3 trillion in cash between their domestic and foreign accounts. Those companies grew about 7 percent last year and they believe that will continue this year.
So, if and when we end up in a recession, she believes it will be about a 4 percent dip. The Bay Area, because of Silicon Valley, will not feel it like the rest of the nation. For those buyers who are hoping for a dip so housing will be more affordable, you might want to buy now, before interest rates go up. For sellers: now and the near future is a good time to list!
About 1 1/2 years ago, I joined Just Be Yoga after I went on a Just Be and Dragon Fly Yoga retreat to Nosara, Costa Rica. I went with my favorite yoga teacher who I originally met at Forma Gym, named Kelli.
The owner of Just Be Yoga, Jenny Wendell, has created an amazing community. The people and the instructors there are incredible. The yoga studio itself has a 2-door glass garage that opens and shuts whenever necessary. They have heated classes, a little courtyard outside of the studio, and multiple yoga retreats per year from Yosemite to Hawaii, among other domestic and international locations. Another of my favorite instructors, Malia Hill, even offers an occasional SUP (stand-up paddleboard) yoga class in Alameda! This summer she is headed to Croatia for a SUP/Yoga retreat.
I think my favorite thing about going to Just Be Yoga and the retreat in Costa Rica, were meeting all the great people and instructors and just feeling like I belong. The benefits of learning to breathe, sweat and get that afterglow/relaxed feeling is a big release from the stress of daily life as a real estate agent.
A big benefit to yoga, in general, is that they really get you in touch with your body. I had no idea how much I lacked in range of motion and flexibility. Kelli’s classes often focus on areas I never knew I could stretch like hips, IT bands and sides. These tend not to be the Deep Yoga class, but they have some great Vinyasa flow and I love the Yin classes. Just Be Yoga is located right behind Wish downtown. Check them out, try them out and come be part of this wonderful community. You can do an introductory trial month for $39.
As for the retreat, we stayed at Blue Spirit and I stayed in the Eco Hut. I thought it meant “eco-friendly hut,” but I was wrong. Oops! It had no A/C, it was a shared room, and it was more than 100 uphill steps to get to the yoga studio and it meant economy hut ;-).
Despite all that, the experience was unforgettable! There was evening meditation, yoga twice a day and plenty of time to enjoy the beach (which was right next to our resort), horseback riding, surfing and more. Check out this slideshow below!