The Barbie Malibu House is for Real!

The Barbie Malibu House is for Real!

At first I thought, no way, this is too silly, then I read on to find out how this $30 million home has been transformed for a weekend to celebrate Barbie’s 60 years with Mattel! Who would have thought?!

The Barbie Malibu DreamHouse isn’t just a dollhouse—it’s real! And it will soon be up for rent for a very limited time on Airbnb.

In celebration of the Barbie brand’s 60th anniversary, toy company Mattel has made over a house in Malibu to mimic Barbie’s digs. It’ll be rented out for a mere $60 per night, for just one weekend, Oct. 27–29. The listing will go live at 11 a.m. PDT on Wednesday—so set your clocks, Barbie fans, because this opportunity will get snapped up fast!

What it took to turn this house into the DreamHouse

At first glance, this house truly does look like the Barbie Malibu DreamHouse to a T, with its pink furniture and even a second-story slide connected to the pool.

But the house also has a lot of differences, making it more comfortable for real-life guests. For instance, while Barbie, Ken, and friends may have been happy with just one toilet, these lucky renters will appreciate the house’s two bathrooms and two bedrooms, which can comfortably accommodate four guests.

If you’re worried that your odds are slim of being the one to kick back in this mansion, don’t worry: Once Mattel’s celebration is over, the house will go back on Airbnb, just without the Barbie garb. And let’s face it—even without that epic purple slide, this Malibu house is still a fantastic getaway.

How much does this real-life DreamHouse actually cost?

So without the Barbie trimmings, how much is this Malibu house actually worth? According to Los Angeles real estate agent Beatrice de Jong, a house of this size in Malibu with its ocean views and infinity pool would be pricey even without Mattel pulling such a stunt.

“Being so close to Malibu Pier means this house is in a prime beach real estate market and likely worth $30 million,” de Jong says.

And this recent Barbie makeover will likely only add to its value.

“The Barbie Malibu DreamHouse was the first home I coveted, and likely responsible for inspiring many little girls to grow up with a love for real estate,” says de Jong. And besides, she jokes, “Barbie is a true entrepreneur, having career experience working as a doctor, fashion model, an astronaut, and virtually everything else. I am excited to see that she is adding Airbnb host to her resume.”

*Article Source: Realtor.com.

Be on the Lookout for Gen Z: The Next Generation of Homebuyers

Be on the Lookout for Gen Z: The Next Generation of Homebuyers

You’ve likely heard a ton about Millennials, but what about Gen Z? In the next 5 years, this generation will be between the ages of 23 and 28, and they’re eager to become homeowners faster than you may think.

According to realtor.com, “Nearly 80 percent of Generation Z members say they want to own a home before age 30,” and Concentrix Analytics said, “52% of prospective Gen Z buyers are already saving to buy a home.”

Wikipedia defines Generation Z (Gen Z) as “the demographic cohort after the Millennials. Demographers and researchers typically use the mid-1990s to mid-2000s as starting birth years.”

The report from Concentrix goes a little deeper on Gen Z, identifying the main reasons this cohort wants to own homes:

  • 55% want to own a home because they want to start a family
  • 47% want to build wealth over time
  • 33% want to make their family proud

Although they’re eager to buy, this generation also perceives a few challenges ahead:

  • 66% believe saving for a down payment and closing costs will be challenging
  • 58% feel covering the monthly costs of owning may be difficult
  • 52% perceive a lack of knowledge about where to start

It is also interesting to note that 21% of Gen Zers think their parents will provide financial help, 17% will use a down payment assistance program, and 15% believe other family members will help them. One of the highlights of the report mentioned,

“More than half of Gen Zers who think they’ll receive help also think they will need to pay their parents back, compared to 40 percent of millennials.”

Bottom Line

It is never too early to start saving for your own home, whether you are part of Gen Z or a different generation. If you would like to know where to start and how much you need to save to reach your goal of buying a home, let’s get together so you can better understand the process.

You Need More Than a Guide. You Need a Sherpa.

You Need More Than a Guide. You Need a Sherpa.

We are in anything but a “normal market” right now. The media is full of stories about an impending recession, a trade war with China, and constant political upheaval. Each of these potential situations could dramatically impact the real estate market. To successfully navigate the landscape today, you need more than an experienced guide. You need a ‘Real Estate Sherpa.’

A Sherpa is a “member of a Himalayan people living on the borders of Nepal and Tibet, renowned for their skill in mountaineering.” Sherpas are skilled in leading their parties through the extreme altitudes of the peaks and passes in the region – some of the most treacherous trails in the world. They take pride in their hardiness, expertise, and experience at very high altitudes.

They are much more than just guides.

This is much more than a normal real estate market.

The average guide just won’t do. You need a ‘Sherpa.’ You need an expert who understands what is happening in the market and why it is happening. You need someone who can simply and effectively explain it to you and your family. You need an expert who will guarantee you make the right decision, even in these challenging times.

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.” 

Bottom Line

Hiring an agent who has a finger on the pulse of the market will make your buying or selling experience an educated one.