Will banning short-term-rentals make a difference in housing supply? In April, Canada’s finance minister announced a two-year ban on foreig nhome buying. Also in April, the island of Oahu in Hawaii passed a law nearly eliminating short term rentals. Many local communities and even condo HOAs are passing similar regulations.
“Should I pay off my mortgage before the next recession?” Recessions are typically accompanied by real estate downturns as the economy slows. A recession can cause mild or severe real estate reactions (as in 2007). As of today, economists believe the next recession will be mild. Of course, that could change, but for now, they feel that current market forces do not indicate a huge real estate crisis. Still, given that we can see a mild recession coming, it pays to do a few things, starting now. Trim high-interest rate debt, such as credit cards and other loans, so you can weather a potential job or income loss. Reducing debt will reduce your stress and free up cash for other uses. If you rely on investments for income, discuss protective measures with your financial planner. But what about the mortgage? Clearly the more equity you have in your home, the better. But if you have a low interest rate loan on your home, using up cash to pay it off might not be the best use of your money. Still, it’s situational. For instance, if you’re nearing retirement, you may feel more secure in a paid-off home. To help you plan, you can call me to discuss your property value and selling vs staying.
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The reason for these moves? An attempt to stop investors from gobbling up entry level housing, and to maintain higher quality neighborhoods. Will that happen? It’s likely that some short-term rental owners will start to divest, which will put more houses on the market. Others will shift to long-term rentals (if they can be profitable), which is good for renters. All this action should stabilize communities that have been overrun by short-term rentals in recent years. But you know the Burns quote: “The best-laid plans of mice and men often go awry.” So, we’ll see.
How to Price Your Home In real estate, the asking price is often as much about psychology as it is about reality. While sellers could put almost any price on a home in the past few years and still get offers, as the market shifts, old pricing strategies will come into play again. Here are the main 3 strategies you can use to price your home in a balanced market. Use your QR app to view now (PDF).
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June. 2022 • Issue No. 38
Movie Releases
Featured Recipe
Gelatin Poke Cake
Watcher
Jurassic World Dominion
As a serial killer stalks the city, Julia notices a mysterious stranger watching her from across the street.
Four years after the destruction of Isla Nublar, dinosaurs now live and hunt alongside humans all over the world.
Active: 15 min • Inactive: 4 hrs 50 min • Total time: 5 hr 5 min
In Theaters June 3rd, 2022.
Ingredients • • • • •
1 pkg. (2-layer size) white cake mix 1 cup boiling water 1 pkg. (3 oz.) JELL-O Strawberry Flavor Gelatin 1/2 cup cold water 1 tub (8 oz.) COOL WHIP Whipped Topping, thawed
In Theaters June 10th, 2022.
Directions 1.
2.
3.
Prepare cake batter and bake as directed on package for 13x9-inch pan. Cool cake in pan 15 min. Pierce cake with large fork at 1/2-inch intervals. Add boiling water to gelatin mix in small bowl; stir 2 min. until completely dissolved. Stir in cold water; pour over cake. Refrigerate 3 hours. Frost cake with COOL WHIP. Refrigerate 1 hour.
Lightyear
The Black Phone
In Theaters June 17th, 2022.
In Theaters June 24th, 2022.
Buzz Lightyear embarks on an intergalactic adventure with a group of ambitious recruits and his robot companion.
After being abducted by a child killer and locked in a soundproof basement, a 13-year-old boy starts receiving calls on a disconnected phone.
Things To Do Community Day Port Discovery
Pints 4 Paws
Come play and learn while exploring Port Discovery’s three floors of interactive exhibits including The SkyClimber, The Port, Tiny’s Diner, Wonders of Water, and more!
It’s time for The Annapolis Home Brew Club’s 6th Annual Pints 4 Paws Homebrewing and Craft Beer Festival to benefit the SPCA of Anne Arundel County!
June 1st, 2022 35 Market Place, Baltimore, 21202
Baltimore Floatilla Treasure Hunt
Escape to Volcano Island
This year’s theme is Treasure Hunt! Paddlers will be given a treasure map that will include environmental and historic locations in the Inner Harbor.
You wanted a sleepover, but what you found is an adventure. When the clock strikes 10 p.m. the volcano will erupt and you don’t want to miss it.
Annapolis Pride Festival
Juneteenth Celebration
As we come together again, we want to celebrate each and every person in our community. Each beautiful face represents a unique and powerful story.
Family fun, Education, African Art, Local Artists, Vendors, and more! The parade starts at City Dock 12 PM -2 PM, and the concert starts 2 PM- 9:30 PM.
June 4th, 2022 3001 Boston Street, Baltimore, 21224
June 4th, 2022 Annapolis, MD 21401
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June 11th, 2022 550 Taylor Avenue, Annapolis, MD 21401
June 17th, 2022 601 Light Street, Baltimore, 21230
June 18th, 2022 1 Dock Street, Annapolis, MD 21401
June. 2022 •
Sports
Seattle Mariners at Baltimore Orioles
Baltimore Orioles at Kansas City Royals
Washingto Nationals at Baltimore Orioles
June 1st & 2nd
June9th, 10th, 11th, & 12th
June 21st & 22nd
Cleveland Guardions at Baltimore Orioles
Baltimore Orioles at Toronto Blue Jays
Baltimore Orioles at Chicago White Sox
June3rd, 4th, & 5th
June 13th, 14th, 15th, & 16th
Chicago Cubs at Baltimore Orioles
June 23rd, 24th, & 25h
Tampa Bay Rays at Baltimore Orioles
Baltimore Orioles at Seattle Mariners
June 7th, 8th, & 9th
June 17th, 18th, & 19th
June 23rd, 24th, & 25hJune 27th, 28th, & 29th
Washington Nationals at Cincinnati Reds
Atlanta Braves at Washington Nationals
Washington Nationals at Texas Rangers
June 2nd, 3rd, & 4th
June 12th, 14th, & 15th
June 24th, 25th, & 26th
Washington Nationals at Miami Marlins
Philadelphia Phillies at Washington Nationals
Pittsburgh Pirates at Washington Nationals
June 7th, 8th, & 9th
June 16th, 17th, 18th, & 19th
Milwaukee Brewers at Washington Nationals
Washington Nationals at Baltimore Orioles
Hune 10th, 11th, & 12th
June 27th, 28th, & 29th
June 21st & 22nd
Trivia Challenge
Sunset Paddle
June 19th,2022 600 Quiet Waters Park Road, Annapolis, MD 21403
Paddle with us as the sun goes down and fills the sky with color! We will be leading these group sunset paddles to close out the day in serenity.
SharkFest Red Carpet Event June 24th, 2022 6908 Belair Road, Baltimore, 21206
Join us as we kick off Sharkfest 2022 with a special Red Carpet Event featuring a live keynote address by shark scientist, Dr. Aaron Carlisle.
June Trivia Challenge Question When is the Longest Day of the Year in the Northern Hemisphere?
Nōs Reme Pop-up Restaurant June 30th, 2022 301 W. 29th Street, Baltimore, 21211
Nōs•Reme opens its doors to our first community pop-up series. Bingo prizes will be given away at the event be sure to save your spot today!
Issue No. 38
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Monthly Trivia Challenge Want to Win a $100.00 Amazon Gift Card?
It’s easy to play! Answer the Trivia Challenge question on page 3. Each month, all correct entries have a chance of winning the gift card. It’s time all that seemingly random knowledge you’ve stored up is not so useless after all!
Want to Enter?
Email ClientCare@BREMove.com with the word “TRIVIA CHALLENGE” in the subject line. Good luck! Last Month’s Question: What famous race takes place on the first Saturday of May every year? Last Month’s Answer: The Kentucky Derby
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Congratulations to Last Month’s Winner! Nicole Howe
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June. 2022 • Issue No. 38
