Hello blog readers!!!

Hello fellow bloggers and blog readers,

I just want to take this time to tell you a little bit about my self, my name is Tuba and I am a Real Estate Consultant with RE/MAX Palos Verdes Realty. I have been an agent for over 25 years, I am also a member of the exclusive RE/MAX Hall of Fame, as well as the prestigious Platinum Club. I rank in the top 1% of agents in the business and my sales record will prove it. So if you are looking for a realtor you have found the right one. I am here to service all of your real estate needs so feel free to comment on this blog post if you are looking to buy or sell a home. :)

Enjoy this amazing pasta salad recipe and dont forget my service is almost as good as this salad!!!

1 12 tbsps white sugar
1 tsp salt (taste)
1 12 tsps black pepper (ground)
1 tsp onion powder
1 12 tsps dijon mustard
2 cloves chopped garlic
1 12 cups fresh basil (chopped)
12 cup fresh oregano (chopped)
14 cup fresh cilantro (chopped)
2 tsps hot pepper sauce (g tabasco)
13 cup red wine vinegar
12 cup olive oil
1 tsp lemon juice
4 ozs grated parmesan cheese
4 plum tomatoes (roma, chopped)
6 green onions (chopped)
4 ozs black olives (minced)
16 ozs bow tie pasta (farfalle)
12 cup pine nuts
1 cup shredded mozzarella cheese

Directions: 1. In a large bowl, whisk together the sugar, salt, pepper, onion powder, mustard, garlic, basil, oregano, cilantro, hot pepper sauce, red wine vinegar, olive oil, lemon juice, and Parmesan cheese. Add the tomatoes, green onions and olives to the bowl, and stir to coat. Refrigerate.

2. Bring a large pot of lightly salted water to a boil. Add the pasta, and cook for 7 minutes, or until tender. Drain, and rinse with cold water to cool. Add pasta to the bowl of dressing, and mix well. Top with mozzarella cheese and pine nuts. Refrigerate for at least 1 hour before serving.

For renters, buying a home pays off after three years on average!!!

Home buying versus renting

Real estate website Zillow has a provocative data point for every renter thinking about buying these days: That move pays off after just three years on average nationwide.

The company, which lists for-sale and for-rent information on its site, has released a new analysis of what it calls the “break-even horizon,” comparing what it would cost to buy or rent the same home in a number of U.S. markets over time.

The rent-or-buy calculus varies widely depending on where you live.

In the combined Los Angeles and Orange counties, the magic number is 4.3 years, assuming the buyer has made a 20% down payment. Buying wins out after only 1.6 year in the desert community of Banning. But Newport Beach residents must wait 14 years for buying to make more financial sense than renting.

The analysis takes into account a host of factors potential buyers should think about when considering the leap, including the down payment, mortgage and rental payments, buying and selling costs, property taxes, utilities, maintenance costs and tax deductions. The analysis adjusts for inflation and forecasts home value and rental price appreciation.

Zillow senior economist Svenja Gudell said the data should help homeowners get a rough and immediate sense of whether buying makes sense in a particular area in relation to their financial situation.

“For a home buyer out there, it is really tough to get a good grip on the buy-versus-rent decision,” Gudell said. Although buying a home is a deeply personal decision, she said, the analysis gives consumers “a sense for ‘Am I ready to make this decision?’”

The new take on the classic rent-versus-buy debate comes at a tenuous moment for the housing market. Many analysts believe that a housing bottom has been reached but don’t expect a return to the heady days of the real estate bubble. There is already some concern about the strength of the recovery, with home sales slowing in June as inventory remained tight and buyers paid higher prices.

At the same time, rents are rising, housing affordability is at record levels, and mortgage interest rates remain very low. These factors are prompting many renters to consider homeownership.

Stuart Gabriel, director of UCLA’s Ziman Center for Real Estate, noted that the main lesson from the subprime mortgage debacle and the housing bust was that homeownership shouldn’t be pushed at all costs. Federal policy has been adjusted to support this new point of view.

“One of the things we have learned in recent years is, obviously, house prices don’t always go up, and even over the very long term in certain markets homeownership may only offer a minimal return,” Gabriel said.

“What we have all learned is to treat homeownership as a bit of a dangerous animal. You know it’s not always good, and it’s not good for everyone.”

Things to consider when buying, particularly in an slowly appreciating market, include how mobile will you be, your financial situation, marital status, career goals and personality, Gabriel said.

Richard Green, director of the USC Lusk Center for Real Estate, added that in many regions buying has become increasingly attractive compared with renting. There are also non-financial reasons for buying.

“I can enjoy living in this house for the rest of my life, and nobody can throw me out of it,” he said. “You are consuming something, and you have control over it, and control has some value.”

Zillow’s analysis, which covered more than 200 metropolitan areas and 7,500 U.S. cities, found that buying is a better financial decision than renting in the Riverside-San Bernardino area if you live in the home for at least two years. That rises to 3.2 years in the area including Oxnard, Thousand Oaks and Ventura.

The San Francisco metropolitan area’s break-even score of 5.9 years encompasses a range from two years to 24.3 years.

Cities Debate With What to Do With Abandoned Homes!

Some cities that have seen population decreases, high foreclosures, and job losses are faced with the problem of what to do with the abandoned homes that were left behind. 

After all, it takes money to demolish empty homes, and some cities are finding they can’t afford to do it. 

“The principal impediment is the cost,” Michael Braverman, deputy commissioner of code enforcement for Baltimore Housing, told USA Today. Baltimore has about 10,000 abandoned buildings that need to be demolished, city officials estimate. 

Some cities are using their share of the $26 million mortgage settlement between the nation’s five largest banks and state attorneys generals to use for demolishing vacant homes. The money was originally earmarked to help home owners avoid foreclosure. But cities view removing the “blight” as a way to prevent home values from falling further.

In Cleveland, city officials say rows of vacant properties are “eyesores and drug traps and crime traps,” says Rep. Steven LaTourette, R-Ohio. LaTourette is co-sponsoring a bill in Congress, asking lawmakers for $4 billion to help communities afford the demolishing of vacant buildings. 

Some cities are passing laws to make it easier for officials to demolish vacant structures. 

“It’s not a silver bullet,” Frank Alexander, co-founder of the Center for Community Progress, told USA Today about cities’ efforts to try to speed up demolishing with new laws. “It doesn’t create redevelopment. But it does take the properties that are liabilities and at least eliminate the liabilities.”

Article from http://realestate.glozal.com/profiles/blogs/cities-wrestle-with-how-to-handle-abandoned-homes?xg_source=msg_mes_network