Has it been 6 months since you started looking for your new home?

Why have you not purchased your home yet? Are you a Lookie Lou?

Interest rates are at an all time low!
The selection of affordable homes to choose from is substancial!
This “buyer’s market” where sellers, give many concessions to buyers, is not going to stay around forever!

If you have been looking for six months, or longer, for your home and you haven’t purchased a home you should fire your real estate agent, fire your lender and fire yourself from the home buying process. You really don’t want to have the American Dream of homeownership. The perfect storm for home buying is right now.

Either stop kidding yourself that you want to buy a home or call me today and together let’s find that special home you have been seeking. You can call be right now by clicking the “Call Me” button on the left.

I am currently seeing a shift in the market towards a “seller’s market“. Interest rate have gone up .25% in the past week…that’s a lot however, still very much affordable! The government has started a program to infuse money into banks to help buyers buy their home. Sellers are starting to price their homes where multiple buyers want the same certain homes again. This points to something is a brewing out in the real estate world like multiple offers on the same home buy several buyers.

If you are looking in Redwood City I have a couple of new homes coming on the market within the next 30 days or so. Contact me and I may be able to get you into them before they hit the open market. Here is a link to a home in San Mateo under $650,000.

Stop being a Lookie Lou, you are wasting your time and efforts on something that will only bring you disappointment and despair.

I just made myself the best tuna salad I have ever had!

Directions: In a bowl add a can of your favorite tuna, I prefer tuna in water, to that add, 1 tbs country mustard, 1 tbs sweet pickle relish or chop up dill pickles if you prefer not so sweet a taste, a couple of splashes of Worcestershire sauce, sprinkle garlic powder over content, black pepper to taste, 1 tbs chopped onion, 1 tbs chopped celery, 1/2 tsp chopped fresh cilantro from the garden and mayonnaise. Mix all together with a fork and taste…ummmm. Take tuna and place over a bed of lettuce chopped up that you have picked from your garden. Prepare to enjoy a salad and eat.

Ingredients:
One can of tuna in water
1 tbs country style mustard
1 tbs of sweet or dill pickle relish (your preference)
2-3 splashes of Worcestershire sauce
Garlic powder
Black pepper
1 tbs chopped onion, (your preference)
1 tbs chopped celery
1/2 tbs of chopped fresh cilantro
Mayonnaise to combined
Fresh lettuce from the garden

Redwood City, CA, So what! What does that mean to me? What the hay how can these interest rates benefit me?

Well let’s take a lovely townhouse in Burlingame just 1.5 from Burlingame Avenueat 119 Primrose Road unit #6. Without going into all the great things about this home what is the money figures on this home, if I invest in it?

119 Primrose Road in Burlingame is currently listed for sale for $619,950. Average rents in Burlingame for 2 bedrooms, 2.5 bathrooms is currently at $2600/month

As a non-owner occupied property the bank will require you to put a down
payment of 30% or $185,985. With current 30 year, fixed rate interest rates being at a historical low 4.375% your monthly principal and interest amount will be $2,166.72! If you add
Property Taxes, HOA dues, and Inside insurance it brings your monthly payment up to $3136. This give a differential of <$536.00>.

However, your depreciation would be approximately $1,315/month plus you get to write off the property taxes just like you do on your own personal resident. So at years end you may be in the positive.

Additional positive aspects would be appreciation and increase in rents over the long haul.

This might just be a good investment you might want to give serious consideration. It could be the
way to pay for your children/grandchildren’s college education in future years.

Obviously, interest rates are not going to stay at these low levels for a long length of time. Act today before this opportunity get away from you. Do it now.

Redwood City, CA: Redwood City’s deficit is currently at $3,600,000 and is expected to go up higher for the next few years.  The funds needed to pay this deficit are coming from an $18.7 million dollar City reserve fund.

 Are City workers overtime costs the culprit?  City payroll this year increased $1,500,000 or 2.7% compared to the Nation’s inflation rate of –0.4%.  To be fair to the City of Redwood City they have cut back on overtime costs from FY ‘08 to FY ’09 by just a tad over 1.5%

 It seem the big brew ha ha is over two City fire fighters, Patrick Cunningham (4^th highest paid City employee), and David Thielmann who both were paid over $100,000 in overtime pay above and beyond their average base pay of $106,646.  Fire captain Adrian Stuart Anderson earned over $60,000 in overtime pay above his base pay of $128,425.  No one is claiming fraud or being away at a “crap feast” like in San Francisco a couple of decades ago.  However, it appears these few fire fighters were on the job…ready to go.  IMHO, I hope they bought real estate with the extra money.

 Here are some other Redwood City employees’ salaries:

City Manager – Peter Ingram – $238,919

City Attorney – Stan Yamanmoto – $229,289

Police Chief – Louis Cobarruviaz – $213,874

Captains – $196,752 base

Sergeants – $153,837 base

Senior Building Inspector – Jerry Schell – $101,125

Senior Accountants:         Cecilia Lucas – $100,979

                                                   Rajesh Servak – $99,190

H.R. Representative – Ray Yvette Williams – $100,497

City Secretary – $64,013

City Custodian – $52,454

Maintenance worker – Steve Coleman – $68,388 base $32,809 OT – (he is the guy you see out there unclogging your sewer and fixing your water leaks.)

Landscapers – $62,804

Arborists -        Maria D’Agostino – $74,421

                              Jesus Angel – $95,796 base $21,635 OT

What do you think?   With our city working in a deficit, yet having enough funds in our reserve account to offset it, do we need to watch our nickels and dimes closer? Your comments are always encouraged.

“What The Past Tell Us”.

Redwood City, CA:  Current history demonstrates how a “Super Power” like USA can fall.  You don’t have to look any further than 1985 when Mikail Gorbachev came to power of the USSR.  Gorbachev campaigned on the platform “reenergize of the socialist empire”.  You know what happen 7 years later…the wall came down and so did the USSR as we had know it.

Like the USSR, American needs to “remember, without a strong economy, a nation’s international standing, standard of living, national security, and even domestic tranquility will suffer over time. It would be a good thing to learn from the Russians on this one.

One great thing about Americans is we are resilient! If we return to the principals and the values that made us a great nation we will be fine. We need to become once again…strong, smart, and flexible enough to keep our predominance in the world.

Americans need to accept and subscribe to the two notions stated by Thomas Jefferson.  We need to support our government programs that really address our core aims as stated in the Preamble of our Constitution. These core aims help and are good for us. Secondly,  we need to get rid of government programs that are ineffectual and/or contrary to our national goals!  By doing so we will be allowed to allocate resources, (people, money, time), to targeted programs that will better serve all Americans.

Americans needs to be realist about how we spend our money. Can we afford this program or not?  Can we sustain it over a long period of time?  Some programs may be great in theory; however, if you can’t answer yes to the 2 aforementioned questions then the program should be shelved until which time a double yes can be answered.

Once again, as Thomas Jefferson said, “It is incumbent on every generation to pay its own debt as it goes.”  It’s time now for Washington to start making touch choices and showing some tough love towards our economy!

There have been many countries throughout their history who have survived great obstacles and turmoil. Just look at Germany and Japan post WWII.  More recently look at China and how it has gotten past its “stagnation, foreign interference, and social experimentation to reclaim their place on the global stage today”.

“No republic in history has shown more resiliency and adaptability than the United States of America.” We have the know-how and the strength to maintain a great standing in the World. What it will take though is behavioral modification on the part of Washington and Americans.  We all need to wake up and smell the roses! Currently, our American rose stinks economically. And we need to all agree it stinks and we collectively need to do something about it.  We need to move in a direction to implement the necessary step to make our American rose’s aroma to once again be admired, respected and remembered by all.  Wouldn’t that smell nice?

Here is something you may want to look at and help yourself become part of the solution.  Federal Financial Irresponsibility Index:

The two riches men in the world were recently announced. The top slot went to a guy in Mexico, he just squeaked out the guy in the State of Washington.

If you combined their net worth’s it would total just over 106 Billion Dollars!

There are currently approximately 6 Billion people on the planet earth.

That means those two guys could give everyone on the planet 1/4 of a million dollars and still have over one-half of their wealth.

Is the system out of whack or what? This doesn’t make logical sense to me. Is there ever enough for them?

Tell me what you think…

Redwood City, CA —

I can’t believe what I am reading here.

A school who issues laptop computers to the student body has
program them to be able to turn on the built-in webcam and watch your
child. Dressed, Naked, or whatever the school was watching.

It shows me how our school administators are out of control and scares me to death. The education system is broke.

It not that this may only be a single time occurrence, rather it has been done. This can of worms contains what else?

“Big Government, Low Taxes”

Our nations capital has forgotten to they work for “We the People”. Our founding fathers diligently worked to create a government, which prevented our new government from “European-style privilege and bureaucracy that they had escaped.” They knew they could expect corruption in government and they felt serving the public interest was more of a politician’s role.

George Washington, John Adam, Thomas Jefferson and Ben Franklin believed being a politician was a civic obligation and NOT a full time occupation. Today’s politicians don’t feel or act that way. They are influenced by special interests, and lobbyists, which may or may not have the nations best interests at heart. Including their, personal ethics and public morality. This has caused America to lose good leadership. We “face a serious leadership deficit-one that was not there at the birth of our republic.”

“We have lost our way in developing the ideas at the root of American political thinking in the early days—limited government. Instead today we have created a big government. One who runs up a huge deficit budgets, year after year, to the point where “We the People” will not be able to pay off this enormous commitment we are incurring within our own lifetime. Our children and grandchildren will have to take on our burden along with their own. Their standard of living will be decreased and this will be the first time in American history one generation passed on undo hardships.

In the 1990’s in America statutory budget controls were enacted to side skirt this trend. It was called the PAYGO RULES: which put caps on discretionary spending increases, and paid offs any new spending or tax cuts within 10 years. PAYGO RULES expired in 2002. The most important provisions of these rules, IMHO, were that they gave the basis for our Congress the opportunity to say NO to demands by special interest groups and their big contributor constituencies. Maybe PAYGO RULES need a rebirth?

Your comments are encourage. More to follow.

10 cheap ways:

1. Paint the façade of your home including your front door.
2. Trim the plants and plant seasonal flowers.
3. Paint the inside of your home with neutral colors
4. Don’t forget all the flooring, replace, repair, or buff out.
5. Make major repairs, roof, pest report, property inspection recommendations
6. Buy a HPP (Home Protection Plan) so all systems are covered when you move
7. Make energy-efficient improvements and possibly get a tax credit
8. Replace light fixtures with modern ones and low energy bulbs
9. Buy a new stove for the kitchen
10. Replace the bathrooms: fixtures, shower heads, toilet seat, towels, and hand cloths

It should go without saying the homeowner should to a super through cleaning job and get rid of all dust, dirt, cobwebs, mold and any smells from pungent cooking odors, pet smells, or mildew.

There is nothing like a bright, fresh open air feeling to bring the buyers calling. Only caveat is to do these before you allow a prospective buyer in your lovely home.

For other informative pamphlets click here now

Today I held an open house at 585 Anchor Circle in Redwood Shores.

The home was listed just under one million dollars.

The activity was amazing. There were over 25 groups through during a three hour time frame.

What that tells me is the market in San Mateo County is strong and robust! These guests of this open house were not nosey neighbors wanting to see the inside of their neighbors house. All of these guests were bonafide buyers ready to purchase the home of their dreams!

I am also seeing licensed real estate agents showing their clients homes. This week alone there were 7 showings of the home in Redwood Shores.

When I see this sort of activity in the market place it tells me sales are on the upswing. With increased sales there is a decrease in inventories.

If you are looking to purchase a home this year now is the time to do it. If you don’t some other buyer(s) is going to buy your home. Now is the time to make a decision.