Thursday, December 30, 2010

The Joy of Golfing in the Great NW – Chambers Bay Golf Course



This blog has been moved to: http://www.aarons2cents.com



Every year I venture out into the elements to get have a winter golf outing with 3 of my good friends. This year we decided it’s worth the time to take a road trip from Portland, OR to University Place, WA in order to visit Chambers Bay Golf Course. If you haven’t seen an article or pictures of Chambers Bay, it’s beautiful! Chambers Bay sits right on the Puget Sound and looks like something you’d find in Scotland.

Now for anyone that doesn’t live in Oregon or Washington, it should be noted that here in the great Northwest, the weather varies greatly. It could be 10 degrees with a foot of snow, or 60 degrees and partially sunny. This year we set our date, and on the wheel of weather fortune, we landed on 38 degrees and monsoon rains. Lucky us!

Weather aside, the view from the parking lot is fairly spectacular. The parking lot is perched at the top of a cliff looking down over the entire golf course with the Puget Sound as a backdrop. I really did feel as though I was on the Scottish Coast.

As we stepped up to the first tee, the wind had picked up and the rain was coming down as hard as ever. I pulled out my double bad weather gloves and was ready to go. After we all managed to put it in the fairway by some minor miracle, I couldn’t help but notice how well the course had drained. It had been a rough weather week, and was continuing to come down, but the course was surprisingly firm. My kudos to the groundskeepers for the condition of the course. I will say there were some bunkers that were still under construction, but I would assume that will be fixed shortly. The greens were firm, but not as fast as I expected. Beware though, the greens did have huge undulations. I would recommend having a caddy your first time through, just so you know where to miss. Something about turning a 3 foot put into a 12 foot putt coming back just irks me!

As you walk around the course, make sure you take your time to ‘smell the roses’. The views are breathtaking and the course is truly unique. There are elevation changes on almost every hole, and the contrast between the brown slopes and green fairways makes it visually appealing. I have no idea where all of the fans are going to stand, but the players are going to love this course when it hosts the US Open in 2015. If you happen to be traveling to Seattle, WA or Portland, OR I would take the time to drive to Chambers Bay. You won’t be disappointed!

Friday, December 24, 2010

Portlandia - Portland Dream of the 90's


This blog has been moved to: http://www.aarons2cents.com



For anyone that hasn't been to Portland, OR, it is a unique place. 'Portlandia' is a new show coming to the Independant Film Channel (IFC) and the video 'Portland Dream of the 90's' sums up the 'Keep Portland Wierd' or new 'Make Portland Weirder' so well!  The eclectic group of people in Portland is what makes it such an interesting city.  There are food carts, artists, brew pubs, and interesting culture everywhere.  All you have to do is walk around for an hour or so.  So, check out the video and enjoy! 

Friday, November 12, 2010

A Schmuck from Portland, OR’s Travel Guide to Maui!


This blog has been moved to: http://www.aarons2cents.com


While I fully admit I am not a travel or Maui expert, but I did just get back to Portland, OR and I figured my experiences were worth sharing. First off, if you haven’t flown Hawaiian Air, you are missing out! As flying has become more and more tedious, I think Hawaiian Air has done the best at keeping up their customer service. They have direct flights to and from Portland, OR’s PDX daily. The flight I took out leaves at 8:45am and gets into Maui at 11:35am. Not too shabby. The flight back leaves around 2pm and gets back to PDX around 9:30pm.  Round trip flights to and from Maui range from about $260-$400 depending on the time of year.

For the full Blog go to: http://www.aaronstelle.com/Blog/tabid/158/EntryId/52/Leaving-Portlands-Rain-and-Heading-to-a-Hawaiian-Tropical-Paradise-Maui.aspx

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Monday, October 25, 2010

3 Tips to Maximize Your Blog in Portland, OR


This blog has been moved to: http://www.aarons2cents.com


If you are trying to maximize your exposure through blogging in Portland, OR?  Here are 3 tips to help out:

1. Use Geo-Targeted Titles. If you are trying to establish yourself as an expert in an area, blogging can be a tremendous asset. Talk about events, places, things, etc. that are happening in your target area. It's like creating a 'Farm' online! For example if I say: ‘Local Farmers Markets’ I will be competing with thousands of other people. If I say ‘Portland Park Blocks Farmers Market’ the search will be narrowed down to a smaller specific area. Also, leads that come from searching broad topics usually take much longer to come to fruition vs. leads that come from a narrow search result.

2. Limit your words. You do not need to write a novel every time you blog! If you limit your blog to between 300-500 words, you will maximize your efficiency. Most people will not take the time to read any post that is longer than this, and less than 300 words will not allow enough content to be valuable in most cases.

3. Add Pictures.
It has been shown that adding a picture or 2 to your blog can take the average time on each page from 30 seconds to 3 minutes. This means more people are taking the time to actually read what you’re writing! Remember, a picture is worth 1000 words!

I am constantly sitting down with Realtors here in Portland, OR, and like most people, they are trying to figure out the most efficient way to get additional branding and marketing exposure. Blogging can be a terrific tool to reach a large number of people without having to invest a ton of time. If you are consistent and focus on these 3 tips, you will see the traffic to your blog increase. If you are looking for more ways maximize exposure for your blog, feel free to get in touch with me.

Aaron Stelle
Sales Representative
WFG National Title Insurance Company
1625 NE Weidler St
Portland, OR 97232
C: 503.707.9244
Email: astelle@wfgnationaltitle.com





Monday, October 11, 2010

It's Crockpot Season - Try These Recipes!


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As the clouds and rain usher in another fall, it brings out the need for warming comfort food. To me a Saturday spent watching football and smelling dinner cooking is a little slice of heaven! Better yet, I love being able to throw all of the ingredients in the Crockpot before work and coming home to a hot, ready to eat, meal! Here are a few of my favorite recipes as well as several that have were recently passed on to me.


Melissa’s Simple Recipes, Thanks Melissa!

1 lb spicy italian sausage
1 jar (your favorite spaghetti sauce)
1 green bell pepper, sliced
1 small onion, chopped

break up sausage. slow cooker, six hours on low. delicious! i served it over jasmine rice, but you could serve it on spaghetti, or hoagie rolls. this was a really good sauce! :) my five year old was even gettin down on it!
OR

1 chuck roast
1 jar salsa
1 onion chopped
tortillas

cube up the roast, dredge and brown in olive oil. Cook on low 7 hours, with salsa, and chopped onion. After 7 hours, remove meat and shred. Return back to slow cooker for another hour. serve wrapped in tortillas, with your favorite burrito fixins.


Green Chile Chicken  – Thanks Ashley!

Throw everything in the crockpot

Chicken Breast
Canned green chilies (1 can per 2 breasts)
Taco seasoning to preffered taste
Onions
Peppers
Jalapenos
Garlic
Salt & Pepper
Red Pepper flakes

Optional - Canned Chipotle Peppers in Adobo Sauce (mexi section at grocery store) Gives some more spice and a smokey flavor....
Cook 4ish hours on low, shred and serve....
Lots of options in this recipe, never really measure anything, just throw it in according to what I like.....

Great for burrittos, or taco/salad, and great left overs to make enchiladas or yummy just reheated.


Coq au Riesling - Thanks Cherine!

Cooking time: 1 hour Serves 6

Ingredients
•2 tbsp garlic oil or oil and a chopped clove of garlic
•150g/5¼oz bacon lardons...or just normal bacon
•1 leek, finely sliced
•12 boneless, skinless chicken thighs, cut into bite-sized pieces
•3 fresh bay leaves
•300g/10oz oyster mushrooms, torn into strips
•1 x 75cl bottle Riesling wine (it has to be riesling, i've tried it with cheap white wine and its just not the same!)
•salt and freshly ground black pepper
•dash double cream (optional)
•1-2 tbsp chopped fresh dill, to serve (you NEED the fresh dill- it makes the meal)
•buttered pasta, to serve (i use thick tagliatelle)

Preparation method
1.Heat the oil in a large wide pan and fry the lardons/bacon until crisp.
2.Add the sliced leeks and fry for 1-2 minutes, until softened.
3.Add the fried leeks and bacon plus the chicken, bay leaves, mushrooms and wine to a big pot, Season with salt and freshly ground black pepper and bring to the boil, then reduce the heat, cover the pan and simmer gently for 30-40 minutes, or stick it in the oven for an hour. Stir in the double cream for the last few minutes of cooking time if you like.
4.To serve, sprinkle with dill and serve with buttered pasta.


Creamy Garlic Chicken w/ Broccoli

4-6 Boneless skinless chicken breasts
1 can cream of mushroom or cream of broccoli soup
1 bag of frozen broccoli spears
1 Onion
1 cup milk
2 tbsp Minced Garlic
pepper to taste
Throw all of the ingredients into the Crockpot and cook 4 hours. You can add the broccoli after 3 hours if you want it crunchier. Serve over rice, quinoa, or Couscous.

Let me know what you think of these recipes and by all means pass on others if you have them!

Monday, September 20, 2010

Ya Hala Lebanese Restaurant - The Best Spot in Portland!!!


This blog has been moved to: http://www.aarons2cents.com



I can't even describe how much I love Ya Hala Lebanese Restaurant in Portland, OR.  If you're looking for good Lebanese food, this is my favorite, bar none!  Not only is it tasty, it's super cheap for what you get.  The only drawback is that you have to drive out to 81st and Stark by Mall 205.  However, it is worth every mile to make the trip.

When I go there, I always get the Veggie Mezza and the Shawarma Plate.  I have had other things and all were great, but these are my favorite.  They come with warm bread straight out of the oven and they have a good wine selection as well.  Just go, it's worth it!  

For more information go to their website:  http://www.yahalarestaurant.com/.  I will get off my soap box as the food will speak for itself.  Enjoy!

Wednesday, September 15, 2010

An Evening For Haiti

With our busy lives it is really easy to have something on our mind and then gone the next.  The media is especially great at this!  We will have some story or event that comes along with data overload, then suddenly it is gone as quickly as it came.  Haiti is a prime example of this, as are most natural disasters.

When the earthquake in Haiti first occurred, it was big news and every channel and form of media was buzzing about it.  However, after a short period of time, interest faded, and the story went away.  However, just because the news is no longer covering the story, does not mean the people of Haiti do not need further help.  There are still huge problems that need to be solved, and people that need assistance.  So, Rubicon, a local company in Portland, OR is sending a team of people to help out.

In order to support this effort they are putting on a silent auction and benefit concert. (See Below)  While I realize this is going up against both a Beaver and Duck football games, this is still a very important cause.  I will work to support this effort in any way I can and hope others will as well.

If you'd like to attend, here is the info:




Time
Saturday, September 18th · 6:00pm - 9:00pm

LocationUptown Billiards Club
120 Northwest 23rd Avenue
Portland, OR


More InfoThe Rubicon Foundation is hosting An Evening for Haiti” fundraiser event on Saturday, September 18th. Join us as we bring to life our message with a concert by Parfait where he will present his original compositions and the music he will be performing for the children of Haiti during our visit in late September. Also, come and participate in a silent auction that will include some one-of-a-kind items.

Silent Auction will run from 6:00 to 8:00 pm and the concert starts at 7:00 pm. All proceeds will go to support our service learning project in Haiti.

Wednesday, September 8, 2010

William Scott Anderson - Vietnam Memorial Benefit Magic Show

As a long time friend and fan of William Scott Anderson's magic, I would love to see a huge turnout for this event.  If you have not seen his magic before, you should watch this video from  his spot on 'America's Got Talent'.



For more information about the show, see the attached poster and show up! 

Tuesday, August 10, 2010

Buy less house than you can afford - Inman News


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As a Realtor, and now as a sales rep with a title company, I have seen a lot of instances where people buy way more house than they need. People seem to think they need absolutely everything in their home, and plan as though they are going to make as much, or more, money as they do now for all eternity. Then one of the 3 D's hits, Death, Divorce, or Disaster. Now disaster can be defined by any number of events, but the most common these days are illness, getting laid off, or just plummeting income. Suddenly they can no longer afford their home, or any of their other bills for that matter, and usually have very little savings. This is the type of mentality that put the country in the situation we are in right now. If people would use a little sensibility when picking out a home, and be prepared for unforeseen problems, we’d be a lot better off. I think this is an article that should have been put out in 2005 or 2006. We’d be in a much better situation. 




Buy less house than you can afford
Don't base decision on low interest rates alone
By Dian Hymer, Tuesday, August 10, 2010.  Inman News

Unsettling economic news at the beginning of July caused some economists to fear a double-dip recession. The stock market sold off, pushing the Dow below 10,000. A weak employment report increased fears of a tepid jobs recovery. Manufacturing activity fell to its lowest level since December.

The National Association of Realtors' Pending Home Sales Index (PHSI) dropped a record 30 percent in May -- almost 16 percent below its 2009 level.

NAR's PHSI is an indicator of future home sales activity. The index is based on executed purchase contracts that have not yet closed. A drop in the May index was not unexpected. The federal homebuyer tax credits that were generally recognized as stimulating a struggling home-sale market expired on April 30.

The large drop in pending sales indicates a drop-off in buyer demand. It's impossible to know whether this will develop into a trend as buyers pull back in the face of worrisome economic news or until prices fall to a level they can't pass up. A certain number of buyers will retreat to the sidelines and wait until the news turns positive.

A big concern is the direction of home prices. At the end of 2009, it appeared that home prices were stabilizing. In some niche markets, home prices inched up a bit. However, David Blitzer, committee chairman of the Standard & Poor's/Case-Shiller Home Price Indices (a much-watched measure of U.S. home prices), reported in June that "consistent and sustained boosts to economic growth from housing may have to wait to next year."

It's impossible to generalize about a national housing market that is so fragmented in terms of location, price range and neighborhood. Prices at the low end of the market have dropped so far in some places that they may be good deals.

In areas with a lot of high-end inventory that's not selling, it may be difficult to find a good buy unless the sellers are motivated and are not in denial about the current market value of their home. Such a market provides a good opportunity for realistic sellers who prepare and price their home at or under market value.

Except for low interest rates, there's no urgency for most buyers to buy now. Buyers are content to wait for the right house at the right price. When one comes along, it can draw offers from multiple buyers who are also waiting for prime property. It's telling that the losing buyers don't snap up overpriced listings.

The question for many homebuyers and sellers is: How long do you wait for a better time to buy or sell? The herd phenomenon tends to apply to home sales. People feel more comfortable buying or selling when everyone else is. This approach turned into disaster for homebuyers during the recent bubble.

The contrarian strategy is to buy when others aren't and sell when the inventory is low. This buy-low, sell-high approach works well for investors. But, when you buy a home, your personal life limits your options. A death in the family, a divorce or job transfer could cause you to move in a down market.

Near record low interest rates are enticing, particularly if your home no longer suits your needs. But, you should only do so if you can live with the fact that the market value of your home could fall further before stabilizing. You should be financially secure and buy a home that will suit your long-term needs -- ideally at a price that is less than you can afford.

THE CLOSING: To cover the bases, buy an affordable house that will generate enough rental income to cover the carrying costs if you need to move during a down market.

Dian Hymer, a real estate broker with more than 30 years' experience, is a nationally syndicated real estate columnist and author of "House Hunting: The Take-Along Workbook for Home Buyers" and "Starting Out, The Complete Home Buyer's Guide."

Wednesday, August 4, 2010

Craigslist - There's always a catch!

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For those of you that have ever bought or sold something on Craigslist.org, you know there are a few quirks with nearly every sale. Personally, I have been a craigslist aficionado for years now, as I’ve found it to be the best way to do everything from selling, or giving away, stuff you don’t want, to posting all of my listings as a Realtor. One way or another, there always seems to be someone out there that wants what you have!

That being said, I have been looking at patio sets on craigslist for a good 4 months now. Now if I am being truthful, what I really wanted was the holy grail of patio sets that was at Costco earlier this summer. It was a 4 person table, with a gas fire pit in the middle, and was at pub / conversational height. For my patio, it would be perfect! However, as hard as I tried, I could not justify spending the money it was going to take to bring this little beauty home. So, on to craigslist to be a pilgrim and settle!

The search has been hot and cold and I have found many o’ patio sets out there. Most of which are the standard glass top table with some sort of metal tubing and plastic strips. While perfectly acceptable, I could not bring myself to buy one of those. Pub height was a must, and I couldn’t get the fire pit out of my head! So my search continued until yesterday and then it appeared! My holy grail was sitting on craigslist at 1/5 the cost of the one sitting in Costco! Like all reasonable people, my first question was, ‘what’s wrong with it’? So I called, and the lady on the phone assured me that there was nothing wrong. She just needed to sell it and it only came with 3 chairs instead of 4. After thinking about it for about .4 seconds I decided that 3 chairs were plenty at this price, so I got the address and was on my way. The great part about this arrangement is this lady only lived about 10 miles from my place. The bad part was that she lived on Hayden Island. I jumped in my car, and since I was going after work, I proceeded to cruise up I-405 and I-5 at a blistering 2mph. It was awesome!

After an hour of cursing, blasting tunes, and banging my head on the steering wheel, I finally pulled into the floating home development where this little craigslist gem was located. The woman instructed me to park, walk down the ramp, and then just go to the right until I got to 5xx. I half skipped, half walked down the ramp and arrived on the dock / sidewalk that accessed all of the homes to the right. I took a look around and noticed that I was at house number 300. I proceeded down the walkway and noticed the house numbers are only going up about 2 at a time. This is the longest dock I have ever seen! I must have walked 500 yards by the time I finally got to the right place! But I was determined so I knocked, ‘craigslist lady’ answered the door, and this is exactly how the conversation went,

Craigslist Lady: ‘You must be Aaron, the table is right this way. Are you a good swimmer?’

Me: ‘Uhhhh, I can swim if I need to?!?’

She then just walked down the little side path to the back of the house without any further explanation. Needless to say I was more than a little confused! However, I’d come this far and I was going to get the scoop with my holy grail of craigslist patio sets. I walk around the corner and there it is in all of its magical glory! It looked just like the picture, was exactly as described, and would be perfect for me. I was ecstatic! Then craigslist lady says, ‘So I advertised it with 3 chairs, but there is a 4th. It just fell off the dock and is now at the bottom of the river. So, if you can swim down and get it, you can have it too as a free bonus. That’s why I asked if you could swim.’

That’s when the wheels in my head started churning. I wanted this table but there were a few problems I was going to have to solve. First off, this giant thing was not going to fit in the ol’ hybrid that I drove around. Secondly, I would have to carry this table around a floating home with a 2 foot walkway and a 4 foot table top just to get to the 500 yard long sidewalk. Then I would have to find someone with a truck, haul it home during rush hour, get it up the elevator, through my door and onto my patio. No problem, I just need to figure out who to call.

Me: ‘Jason, I need you to help me pick up a patio set.’

Jason: ‘Ok, what’s the story?’

Me: ‘Hehe, you’re going to love this…’

Here’s a quick side note, if you’ve ever owned a truck, you know that it can be the biggest curse of all times. You always get called for hair brained plans such as this, and to help people move! You spend half a day and $100 in gas for a couple of slices of pizza and a couple of cold beverages. Good trade!

Now back to the story. After about a 10 minute conversation, my brother Jason had signed on for this adventure, and was going to shower and meet me at my place. I had gone round and round about the ‘bonus chair’ and decided it was at least worth a try. So, I was headed home to change into my swim trucks, grab my swim fins, and wait for my brother to arrive.

After about 45 minutes of Jason sitting in traffic, he finally arrives and we are on our way back up I-5. To our delight, it’s moving at 20mph now! Believe it or not, this made the trip go fairly quickly. We rolled up to the gate, and after about 10 minutes were able to follow behind another car into the parking lot, pull into the loading zone, and walk down the ramp. At the bottom of the ramp Jason and I see a couple of carts which might actually make this process a little easier. The first one is a great little plastic cart with bicycle tires and the second looks like a 100 year old Home Depot lumber cart with solid metal wheels. I proceed to grab the nice smooth bicycle tire cart and am nice enough to allow Jason to push the other one. It takes us about 5 feet to realize that this lumber cart is quite possibly the loudest thing we have ever heard. Oddly enough 6 inch metal wheels on a wooden dock sounds like a rattling freight train when all else is silent. However we were not to be denied and continued down the walkway, as house windows rattled, and neighbors poked their heads out to see what all the racket was about.

After a few minutes Jason and I make it to the house with craigslist lady, and my fancy new table. Jason turns to me and says, ‘Dude, that was not 200 yards!’ Then I remember that I might have said 200 yards not 500 yards when I was talking him into this. It was a slight stretch of the truth.

However we’re here now so let’s make this happen. Craigslist lady answers the door and walks us around to the back deck. At this point Jason and I are fully committed to finding this 4th bonus chair. The lady hands me a pool hook and Jason lays down on the deck and starts probing around. Within about 5 minutes we realized that there is now way we are going to just stab around with a stick and pull this chair out. Jason turns to me and says, ‘Bro, the water may be really deep here.’

To which craigslist lady replies, ‘I think it’s between 10’ and 15’ deep.’

Craigslist lady hands me a mask and snorkel, I throw on my fins and jump in the water. Now let me paint you a picture. This water is not the crystal clear tropical blue water you see in post cards, but instead a nice algae green color with visibility stuck at about 18”. So, I grab the pole, prod around a little more and realize this effort is futile! It’s time to fully commit to this. I take about 10 deep breaths, dunk my head and start kicking my fins like crazy to get down the 15 feet. I kick about 4 or 5 good times and suddenly my face slams straight into the bottom of the river! This isn’t 15’ deep, it’s about 8’ deep!!!! Thanks for all of your help craigslist lady! My mask now has mud on it, and since I splatted my face at mach 2, there’s a cloud in the water so I can barely see my hand in front of my face. This is going to be tricky!

Through all this mess, I did manage to hold my breath and decide to start swimming around like a catfish in order to stumble across the chair. I’m literally swimming around by brail with my hands in front of me as to not have another face smashing incident. This goes on for about 30 seconds and just as I start to run out of air I see something white. Like the Titanic, my ‘bonus chair’ is sitting right there in front of me! It was glorious! I proceed to grab it by the leg and kick like crazy to get back to the surface. Once I surfaced I was bobbing around like a cork trying to swim myself and my new found chair over to the back patio. Jason reaches down, grabs the chair out of the water, and I now have a table and 4 chairs! Jackpot!

At this point I am fully vested, but still feel obligated to haggle with the lady in true craigslist fashion. She replies back, ‘If I had the 4th chair it would have gone for $50 or more above what you’re paying.’ To which I thought, ‘But you didn’t and I had to get my butt in the river, swim around like a catfish, and hike that thing to the surface!’ Either way, it was a little late to bargain so I paid her price.

While it didn’t go perfectly smoothly, we got the table and 4 chairs loaded onto our 2 carts, and are ready to head back down the walkway toward the truck. This time, however, it is not just the rattling freight train cart making noise, but instead we’ve now got a rattling table, 4 rattling chairs, and a freight train cart going down the walkway! It’s now almost 8pm and the neighbors seem none to pleased to hear us chugging down the tracks! About 20 earth shaking minutes later we are carrying the table and chairs up and throwing it in the back of the truck. All we need to do now is bungee it down and we’re ready to go home.

Jason: ‘Crap, I forgot the bungees at home, I only have 2!’

Me: ‘Oh well, we’ll have to make due, just drive slow.’

Now anyone that has ever moved knows these are famous last words! There is nothing we can do about it, so Jason and I strap the stuff down with our 2 cords and jump into the truck to head to my place. At this point we are now in a confined space and realize that we both smell like we’ve been rolling around in a tub full of salmon! This may come as a shock to you, but the algae green water I had been swimming in like a bottom feeder has an odor to it. It smells terrible! We have to roll down the windows and are now cruising down the freeway hoping all of this work doesn’t lead to my beautiful new patio set splayed out all over the freeway. We are cruising along nicely with no trouble to report until we get to the I-405 / HW 30 exit when suddenly there is a crash and all of the chairs and the table fall over in the back. Holy crap, the bungee gave out!!! Jason lets off the gas, veers over to the right, and we are watching the stuff sit in precariously the back with utter terror! Please don’t let it fall out!

We ease over to the right, take the first exit and pull over to the side of the road. There is nothing holding the stuff in and miraculously it all stayed in the truck! I still don’t know how it happened. I think this is karma giving me some love for all of the work I had put in to this point.

We pull to the side of the road, secure the cargo, and pull into my building. Saga over right? Not so fast! We carry the fish smelling chair and its 3 friends into the building and then bring the table to the elevators. However my eyeball calculation was a little off. The table is not only too big for my front door, it’s too wide for the elevator to even get upstairs! At this point we’re sitting in the lobby of my building trying to figure out how to take this thing apart, as a steady stream of my neighbors walk by and give me the head shaking, ‘you’re an idiot’ look. To be fair, the look is well deserved!

We finally figure out how to take the top off the table and we get it into the elevator and through my front door. However, the base is still too big to get through my sliding door and onto my patio. Ugh! So as it sits right now, I have a table top and chairs on my patio, and the base sitting in my living room. Tonight’s project, is to get the base out and re-assemble the table.

So what’s the moral of this story??? When buying things on craigslist, there is always an adventure and you ‘pay’ for what you get one way or another. It may be by dealing with flakey people, or simply just by driving 2 hours to save $5. Either way, you pay! Just like me though, you’ll get an adventure and at the end of the day you’ll be able to say, ‘Hey, I got the holy grail patio set that will eventually be in my patio, and all it cost was 1/5th the price, smelling like fish, 4 hours of driving, a swim in green water, and a little assembly.’ What a deal!!!

Wednesday, May 19, 2010

A lesson for men in Portland wearing suits


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One thing most people notice when they walk around Portland, OR is that it is a pretty causual city. If you are showing up for a business meeting more often than not, niether party will be wearing a tie, let alone a suit. If you do show up in a suit, the preverbial question, 'Who's the car salesman?' will likely come out.

That being said, there are a few professions or occasions where dressing like Barney Stinson is a must. (Watch 'How I met Your Mother' if you don't know who Barney is, it's worth it!)  For example, it's coming into wedding season and hopefully interview season!  As it is commonly known, it rains a fair amount here in the northwest. So, all of the weddings get crammed into about a 4 month period.  Also, when the sun comes out, jobs seem to pop their heads out as well.  This means it's time to dust off the ol' suit, make sure it still fits, and probably get it cleaned. If it doesn't fit, it's time to pick up a new one or get it tailored.

All this being said, here is an article that I though was worth of passing on.  Read and learn 'whether to button, or not to button':


Men’s Fashion: Part 1, Suits

— Rosecrans Baldwin and Andrew Womack are the founding editors of The Morning News.

It’s the one thing every man should own: a suit. THE EDITORS salute the suit’s ability to withstand expiration, bask in its enduring appeal, and offer advice on what to look for when you’re off to buy your own. If only we could be there to say, “Suits you, sir!”

A mask tells us more than a face.

—Oscar Wilde

Introduction to the Series

Welcome to the first installment of The Morning News Men’s Fashion Guide. Over the course of four articles, The Morning News will open its closets and show what we’ve learned: our sartorial successes, our embarrassing failures (involving capes in one case, dreadlocks in another), and our underwear, which we find both embarrassing and successful.

This week we’ll explain what we like, what we hate, and what we don’t know about suits, with shopping tips included. These lessons have been prepared over years of bad and good shopping, and are written for the ground-floor dresser, guaranteed trend-proof. Indulge in your vanity and join us in ours.
And now, the man’s little black dress if he could wear it into battle: the suit.

On Suits

Everyone wants to be Cary Grant. Even I want to be Cary Grant.

—Cary Grant

Without suits, men would have nothing. In the hierarchy of style, a good suit remains a man’s only trump card. Even in this sad age of casual-wear, the suit still carries an air of success, taste, and sophistication. It is designed to make you look better, to break boundaries between social classes, to make a small man tall with pinstripes or a fat man rich with soft wools. The suit looks good in restaurants, trains, dinner parties or Paris; in short, everywhere you want to be. It is, in its best forms, a complete outfit that will never fail you.

And that is exactly what it will do, if you treat it right. Unfortunately the majority of suits you see look awful. This isn’t necessary. Even if you work ten hours with your jacket on, being mindful of your clothing will keep you ready for cocktails after work. Too many men either don’t care or don’t know how to wear a suit, and, suitably, look like shit. This is worth avoiding.

To start us off, a few general rules should be observed when approaching a suit, and most apply to good dressing in general:

•The suit, no matter the style, needs to fit your body, closely. This means all pieces should be cut and tailored appropriate to your form. Surprisingly, this doesn’t require a lot of money ($500 can, in fact, get you a good suit) but it does take an eye, and the strength to ignore any saccharine compliments from salesmen.

•Trends have six-to-eighteen-month shelf lives. If you plan to retire your suit in this window, feel free to splurge. Otherwise, shop considerately.

•Suits are made of wool or cotton, and their variations. Additional fabrics need not apply.

•You are an interesting, confident, multi-hued man. Let others learn that from how you behave, not from the label on your jacket.

•A suit jacket goes with suit pants, not with jeans or chinos. If you want a casual jacket, buy a sport-coat or a blazer. Stand-up comedians are regularly shot over this rule.

•If you’re not comfortable—if you don’t feel the suit’s appropriate for you—the salesman’s looking out for his commission, not your style.

•A modestly, well-dressed man has never failed to impress. Yes, never.

Assuming you’re not an investment banker, you don’t need ten suits; you only need four. This means you can be a discerning shopper and spend time accumulating, then keeping your suits in good condition (dry clean once a year, then more for spills; don’t you dare iron it yourself). Think of the process in terms of collecting, spending years searching for that one original-packaged Chewbacca.

The Fab Four

1. The Standard Blue: Great for business, lunches, New York Mayors, summer dinners, or casual parties. Can be worn with black or brown shoes, even white if you’re daring. Reflects well by a pool. Standard blue means navy, with no room for paler shades, even if you went to U.N.C.

2. The Classic Gray: Appropriate for everything and even makes a red-head look dandy. Grays also are the best with patterns, especially anything in the chevron family. Start with plain, move to window-pane. Even such, the gray is never controversial. It’s the Switzerland of suits.

3. The Basic Black: Our favorite and the perennial classic, it’s a fit at the Oscars or your sister’s wedding, the perfect compliment to a good white shirt, beloved by gangsters, designers, and undertakers (those jobs with the highest doses of fashion-conscious aptitudes; respectively, aggression, vanity, and wisdom). If you only own one suit, this is it. You can even be buried in it.

4. Any of the above, with pinstripes.

The Jacket

So. You’ve picked your color and you’re ready for the fit. First comes the jacket. Never was a suit bought for the pants and repeatedly worn afterwards. Pants are easily adjusted by a tailor, jackets can only have minor improvements. Think of true love: it must be close to just-right at first, with a slight thrill when you put it on, the coup de foudre as the French say.

First off: are you a single-breasted man or a double? While both styles can fit most body types, single-breasted jackets tend to flatter the slim while double-breasted jackets make the broad look mighty. This doesn’t imply being “skinny&” or “fat,” it’s simply about your tits; hence the term “breasted.” Choose the jacket style that you can best fill out—from there you’ll always look best. David Letterman, who can rarely be found not wearing a double-breasted jacket, skirts this rule by sitting behind a desk. Notice how uncomfortable he is during the monologue, fussing with his buttons while standing full-view before the camera.

To those opting for the single-breasted jacket, you’ll have to choose how many buttons you want. One? Hmm. Two? Excellent. And returning in popularity. Three? Certainly good, and was much sought-after in the recent past though it’s now reached near total market saturation. But, still classic, and hopefully always available.

Of course, jackets also come in four-, five-, and six-button styles, each with their own fifteen minutes of fame. Four-button jackets have been sported by everyone from The Beatles to Steve Harvey. Can you sport one? Of course! But no, not this season…

Last, the fit. Like we said before, close to the body, but no wrinkles when you button. Vents, double or single, are preferred to the vent-less jacket that, nine times out of ten, looks like a giant condom from behind. Shoulder pads should be avoided—you’re no linebacker—but a tailor will gouge you if you show up post-purchase and ask him to reduce the heft.

Finally, before we move onto trousers, there is one ticklish in-between: the vest. We can put this simply. If you’re ready to buy a vest, you’re either old enough to sport one or dangerously disillusioned. A good rule of thumb: Alfred Hitchcock looked great in vests. Young Jimmy Stewart looked out of his league. Pick your man.

The Trousers

You must now choose a trouser style. There have been, in the history of men’s trousers, a few trends that fucked with a good thing: bell-bottoms, bibs, clam-diggers, “cargo.” Unfortunately, all of these styles eventually found their way into suits.

Men, generally, will take any pants that come with a jacket. Being men, we want some control over how they look—“How they work,” thinks the man—but not too much. Hence, the cuffs-or-no-cuffs debate. Ask a man what he thinks of his pants and he’ll say, “Yeah, I had to go no-cuffs.” We won’t help you here except to say: cuffs are older, no-cuffs are not. Choose according to your image of yourself.

Next comes the pleats question: The only times pleats are wanted is in the single-pleat case, on a pair of wool pants. The case should be that the pants look crisp and well-folded, rather than puckered. How to tell the difference? Think of a pair of pants recently back from the dry cleaner. Remember the line down the middle of the leg. Does your new pleat-to-be look like that? If not, drop the hanger and run.

After cuffs and pleats, you need to worry about waist, swish, drape, belt-loops, ass-hugging, crotch-dangling, and whether or not you need a watch pocket. This is beyond our advice. Suffice to say, your ass is probably less than marble, though it shouldn’t be treated like a towel hook. Pants shouldn’t blow like a scarf in the breeze. The best way to judge a pair of pants is to ask yourself, “Would I wear these pants on a date without the jacket?” If so, they’re fine. If not, move on.

Finally, a salesman will often ask if you’d like to buy two pairs of pants for the suit. The idea is you can alternate pants with the jacket so they wear evenly over time, but since pants can be so easily ruined, you always have a back-up pair. This is similar to electronics store people trying to sell you insurance on an air conditioner; if you have the money, it’s not a bad idea, but it also isn’t necessary.

So now that you’ve picked out your suit, you have to know how to wear it. We’ll assume you know the basics of putting the thing on. (Yes, the jacket part goes on top.) And this brings us to buttoning. It is a historic dilemma, faced by every man. Here, for you, is our easy-to-remember rulebook:

•Two-button jacket: Button the top button, only, ever. Button the bottom button and you’ll look like a stooge. That’s really all there is to it.

•Three-button jacket: Button either the middle button alone or the top two. Important: the bottom button does not meet its hole. It will plead before a date, just when your stomach’s boiling, “Hey! Friend! Button me once, please. I’m sure we’ll look fine. Come on! Just once!” But you will not give in, you will be strong.

* * *

Now the suit’s on, and you’re ready to go. Comb your hair, have a cocktail, head out for the evening. Travel lightly when you go, meaning don’t bulge your pockets with a Bible-sized wallet. Your outside jacket pockets, in fact, should never be used unless your companion asks; at that moment chuck your pretensions and stuff them full. When you get home, brush down the suit, hang it evenly, and keep it in a bag. Wear it often, with pride, and don’t take shit for looking good. After all, no one can be Cary Grant, but everyone can try.

Oh yeah, another thing: Don’t roll up the jacket sleeves Miami-Vice style. We say this now, but then again, considering the fickle nature of fashion, don’t hold us to it.

Thursday, May 13, 2010

Foreclosures plateau - finally. Repossessions soar


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The wave of foreclosures is far from over, but hopefully this is a sign that it's at least going to be trending down.  I have read for years that it would take 3-5 years to get through all of the troubled mortgages.  Well, in 2008 things really started to cruble and low and behold we are about 2.5 years past that.  So, but the 5 year scale we are half way though, and are hopefully going down!  Here's an article from CNNMoney that I thought was worth posting.

By Les Christie, staff writerMay 13, 2010: 7:55 AM ET

NEW YORK (CNNMoney.com) -- The foreclosure plague may have finally reached its peak in April 2010 -- but don't expect delinquency statistics to plummet anytime soon.

The total number of foreclosure filings -- notices of default, auction notices and bank repossessions -- fell by 9% from March to April, and 2% compared with April 2009, according to data released Thursday by RealtyTrac, the online marketer of foreclosed properties.

This is the first time that has happened in the history of the report, which goes back to January 2006.

But the number of homes repossessed during April is at an all-time high of 92,432. That is a 45% increase over April 2009. If repossessions continue at this pace, more than 1.1 million homes will be lost in 2010.

"There were two important milestones in the April numbers that show foreclosure activity has begun to plateau, but at a very high level that will not drop off in the near future," said RealtyTrac CEO James Saccacio.

Saccacio said he expects the pattern to become the norm for many months, with the overall numbers of filings staying high, but not increasing, and repossessions remaining at record levels.

The reason that repossessions can rise while filings hold steady is that lenders are working through a backlog of delinquent properties, taking more of them through the entire process to repossession, rather than letting them linger in limbo.

Walkaways

The numbers of repossessed properties, also called real-estate owned or REOs, have been boosted by a spike in the number of homeowners voluntarily giving up their homes because their the value has dropped so precipitously.

These "strategic defaults" now account for nearly one in three foreclosures, according to a recent report from the University of Chicago Booth School of Business and Northwestern's Kellogg School of Management. That's up from 22% 12 months earlier.

Some homeowners walk away when they are "underwater," owing far more than the value of their home, because they realize that they will never recoup the losses. The further homeowners fall underwater, the more likely they are to leave.

About one in four U.S. homeowners is underwater, according to CoreLogic, a financial data provider. Nearly 5 million of those borrowers owe mortgage debt that exceeds their property values by 25% or more. The total of negative equity in these deeply underwater borrowers is a whopping $655 billion.

Foreclosure epicenters

Nevada continues to rank as the worst-hit foreclosure state, with one of every 69 households receiving some kind of filing. That's nearly six times the national rate which is one household for every 387 receiving a filing.

Foreclosures: How bad is your state?

Arizona had the second highest rate; Florida the third; and California the fourth. California, the largest state in the union, had nearly 70,000 filings, more than any other state. Michigan, where the vast number of foreclosures can be traced to job losses and economic turmoil, recorded more than 19,000.

The metro area market that recorded the highest rate of foreclosure filings in April was Las Vegas, where one of every 60 homes was delinquent, Second was Modesto, Calif., with one in 101, and neighboring Merced, where one in 104 homeowners was in some stage of default.

Thursday, April 22, 2010

How foreclosure impacts your credit score

By Les Christie, staff writer  April 22, 2010: 3:49 AM ET


NEW YORK (CNNMoney.com) -- If you're delinquent on your mortgage, your credit score will suffer. Everyone knows that. The question is, by how much?

Until recently, those answers were hard to come by. Credit bureaus were uncommunicative about expressing, in points, just how much impact different foreclosure types of mortgage delinquencies have on scores.

Recently, Fair Isaac, which developed FICO scores, pulled back the curtain a bit, revealing some estimates of point-score declines following mortgage delinquency problems.

Here are the average hit your credit will take:

30 days late: 40 - 110 points
90 days late: 70 - 135 points
Foreclosure, short sale or deed-in-lieu: 85 - 160
Bankruptcy: 130 - 240
To come to these figures, Fair Isaac created two hypothetical consumers, one who starts out with a fair-to-middling score of 680 and the other with a very good one of 780. (FICA scores range from 300 to 850.)

The hypothetical person with the 780 FICA has 10 credit accounts versus six for the 580, plus a longer credit history, lower utilization of total credit limit and no missed payments on any account. The other consumer has two slightly damaged accounts. Neither have any accounts in collection or adverse public records.
 
See the chart to see how each scenario affected each borrower.

Notice that for both borrowers a single one-time black mark results in steep drops, but it is when they fall further behind that things get really harsh, according to Craig Watts, a spokesman for Fair Isaac.

"The lending industry tends to regard an account differently when it has become 90 or more days late," he said, "The likelihood that consumers will resume paying their overdue obligations drops off significantly after the delinquencies have reached 90 days."One reason credit companies were so closed-mouthed is that they often can't definitively state how much each delinquencies will affect scores because there are too many variables.

Some borrowers will fall much more steeply than others for the same payment problem, according to Maxine Sweet, vice president for public education at Experian, one of the nation's main credit bureaus.

"If you picture someone who has just one mortgage and one other credit account versus a mature credit user like me with 15 accounts, if they miss one payment that would impact their scores a lot more," she said. "For me, one missed payment would just be a blip."

The point loss also depends on the borrower's starting point: People with very high credit scores have more to lose than low-score borrowers; the impact of a single blemish on an 800 score is more than on a 500.

Of course, it just gets worse when you face foreclosure.

Mortgage borrowers can lose their homes three basic ways: a foreclosure; a short sale, where the home is sold for less than than is owed and the bank (generally) forgives the difference; or a deed-in-lieu, in which the borrower gives back the property and the bank again forgives any unpaid balance.

Sweet said credit bureaus generally slash scores equally for those three resolutions to someone losing their home. The important factor, she said, is that "it's reported that you paid less on a settled account."

Some borrowers may think that because they never missed a payment, they can "walk away" from their homes with relatively little impact on scores. Not true. "When a deed-in-lieu or short sale is reported as a partial payment, it's treated as a serious delinquency," Watts said, "just like a foreclosure."

Even if borrowers made payments faithfully for years before short selling or doing a deed-in-lieu, their credit score will still take a hit. The total decline will run about 85 points for the 680 score borrower to as much as 160 for the 780 score.

Mortgage debt, combined with other financial problems, can send borrowers into bankruptcy, the worst thing that can happen to your credit score.

The effects are long-lasting, according to Sweet. In a Chapter 13 bankruptcy, which involves partial repayment over several years, the stain will take seven years to remove. A Chapter 7 bankruptcy, which involves liquidation, takes 10 years to get over.

It's gonna cost you

Absorbing a big credit-score hit can make many transactions more costly. It's not just paying more for credit card debt and auto loans, insurance can cost more as well.
The average savings for someone with a good versus mediocre credit score is about $115 a year for auto insurance and $60 for home, according to Loretta Sorters, of the Insurance Information Institute.
A low credit score can even make it harder to rent a home because landlords often use credit scores to weed out prospective renters.

Despite the problems a poor credit score can cause, Experian's Sweet recommends that people who are in financial dead ends, like totally unaffordable mortgages, it's better to recognize that and cut your losses quickly; don't prolong the problem.

"You need to do what you need to do to get your finances back in order," she said. "Don't worry about your credit score."

Tuesday, April 20, 2010

Home Affordable Foreclosure Alternatives Program (HAFA) - Video Explanation


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I have been getting a lot of questions about the new Home Affordable Foreclosure Alternatives Program. (HAFA)  There is a lot of information, and misinformaiton, going around so I thought I would post some of the pertanant information.  For a 2 minute summary watch the video at the bottom. 

In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP). The HAFA program takes effect on April 5, 2010—although some servicers may implement it sooner, if they meet certain requirement--and sunsets on December 31, 2012.

HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program. Servicers participating in HAMP are also required to comply with HAFA. A list of servicers participating in HAMP (including HAFA) is available at: www.makinghomeaffordable.com/contact_servicer.html.

HAFA Provisions

•• Complements HAMP by providing a viable alternative for borrowers (the current homeowners) who are HAMP eligible but nevertheless unable to keep their home.

•• Uses borrower financial and hardship information already collected in connection with consideration of a loan modification.

•• Allows borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds).

•• Requires borrowers to be fully released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment is allowed).

•• Uses standard processes, documents, and timeframes/deadlines.

•• Provides the following financial incentives:

•• $3,000 for borrower relocation assistance;

•• $1,500 for servicers to cover administrative and processing costs;

•• Up to $2,000 for investors who allow a total of up to $6,000 in short sale proceeds to be distributed to subordinate lien holders, on a one-for-three matching basis.

•• Requires all servicers participating in HAMP to implement HAFA in accordance with their own written policy, consistent with investor guidelines. The policy may include factors such as the severity of the potential loss, local markets, timing of pending foreclosure actions, and borrower motivation and cooperation.
 

Monday, April 19, 2010

National Brokerage Surveys Place RE/MAX on Top

Posted By susanne On April 18, 2010 @ 1:02 pm In Real Estate

RISMEDIA, April 19, 2010—Two surveys of elite real estate brokerages indicate that in 2009, RE/MAX significantly outperformed its national competitors. RISMedia’s 2010 Power Broker Report & Survey ranked 69 RE/MAX brokerages among their Top 300, representing 23% of all ranked brokerages. This showing placed RE/MAX 47% higher than its closest competitor. In the REAL Trends 500 survey, 122 RE/MAX brokerages earned a ranking, giving RE/MAX 24% of the top 500 brokerages in the U.S.
“We are so proud of our sales associates for earning such an impressive distinction, especially considering how difficult today’s market is,” says Margaret Kelly, CEO of RE/MAX International. “The fact is, only the best trained and most experienced agents will find ways to succeed and be able to provide valuable assistance to so many American families facing financial difficulties.”

RE/MAX sales associates had the highest agent productivity of all the national real estate brands. In the RISMedia’s 2010 Power Broker Report & Survey, sales associates affiliated with RE/MAX brokerages averaged an impressive 15.1 transaction sides per agent, an 18% increase over their winning position in last year’s survey, and a performance that placed them 26% higher than the next closest competitor.

Kelly believes a significant factor in the success of RE/MAX sales associates is the comprehensive educational resources available through RE/MAX University. “Our associates lead the industry in sales experience and professional designations. Within the past year, over 15,000 agents earned a distressed property designation from RE/MAX University, our on-demand, multi-media educational institution, and we have significant initiatives that will increase those efforts in the coming year.”

The National Association of Realtors® has said that nearly 40% of the current market consists of distressed properties, including foreclosures and short sales. However, because the short sale process has been difficult for distressed homeowners and Realtors to navigate, RE/MAX has led a lobbying effort in Washington, DC to revise the process. As a result, the Treasury Department announced that as of April 5, all lending institutions participating in HAMP must follow new, uniform short sale procedures.

“We worked long and hard for this reform, and are very pleased that Treasury has now put these short sale measures in place,” says Dave Liniger, Chairman and Co-Founder of RE/MAX International. “With Treasury, we produced a special satellite broadcast to train our agents on the new short sale process. We hope the result is that fewer families will go through the traumatic foreclosure process, and we can reduce the number of foreclosed properties on the market.”

The 22nd annual Power Broker Report is produced by RISMedia and the complete report can be found online at www.rismedia.com [1]. The final REAL Trends 500 survey will be released on May 1, but a preliminary summary is now available online at www.realtrends.com [2].
RISMedia welcomes your questions and comments.

Send your e-mail to: realestatemagazinefeedback@rismedia.com [3].

Article printed from RISMedia: http://rismedia.com

URL to article: http://rismedia.com/2010-04-18/national-brokerage-surveys-place-remax-on-top/
URLs in this post:
[1] www.rismedia.com: http://www.rismedia.com
[2] www.realtrends.com: http://www.realtrends.com/
[3] realestatemagazinefeedback@rismedia.com: mailto: realestatemagazinefeedback@rismedia.com
[4] Image: http://www.addmarx.com/

Thursday, April 8, 2010

Portland Police Shootings


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I have read all of the articles lately about the Portland Police shootings and have seen how polarizing of an issue it is. This morning I read an article in the Oregonian about the shooting at the Hoyt Arboretum and Officer Jason Walters. Since I was not at the scene, I cannot make a firsthand judgment, but from the sounds of it, this office was put in a very tough position. According to the article:

Walters fired four shots at Jack Dale Collins, 53, after Collins emerged from the restroom and walked toward him, refusing to drop an X-Acto knife Collins gripped in his left hand.
However, if you read the full article, it appears he was thrust into a situation lacking quite a bit of vital information. Then if you read the comments, which I am learning not to do, many of the readers are painting this officer as some sort of a vigilante gun slinging murder. This makes my blood boil!

Being the proud son of a police officer, I am definitely biased, but these people make me sick! This goes along with the protesters that were marching through Portland a week or so back. According to one commenter who posted several times:

Posted by OregonShout.com

April 08, 2010, 8:55AM

May I correct this,... it was a six inch X-Acto tool not a weapon as in WMD..but yes could be a weapon non the less...A startled officer who immediately as his training (military/police) has taught him to do responds with a gun pulled quickly and Jessie James then slams two bullets into the Villianized and crazed man screwed by the commienazisocialmarxist system...that was not bad enough..but then two more shots rang out in the hearing of witnesses...those were the Kill shots IMHO.(correction may be needed)

Last time I checked, you could kill someone with a box knife or an X-Acto knife. See 9/11 transcripts if you need this proof. Secondly, the so called ‘victim’ could have dropped the knife at any point and time and saved his own life. Why is it that there is no accountability for the people that actually caused the problem? He may have been certifiably crazy, but does that change the circumstances that Officer Walters was thrust in to? I don’t care how much ‘Mental Health Training’ the officer had, if a person is irrational, a rational discussion is not going to happen. I would like to see these people that cast stones at the officer insert themselves into the situation and resolve it. Feel free to talk until you are blue in the face, we’ll see if it gets Jack Dale Collins to drop his knife and quit threatening people.

Until you are put into a life or death situation and have to react, don’t throw stones! I have heard the first hand accounts, through my dad, about the life and death decisions officers are put into constantly. Luckily for him, he has never had to shoot anyone. This is not to say he hasn’t been close, but so far he has been able avoid firing his weapon at a person. I understand that there are bad officers out there, just like there are bad people, but for the most part these men and women are heroes. There have been far too many officers killed recently just for wearing the uniform. (See Lakewood) Also, when you’re casting your stones, remember who will be responding when you are in the biggest crisis of your life. It will be a police officer coming to your aid, doing their job, and everything they can do keep you safe and sound!

Saturday, April 3, 2010

Article - Don't Foreclose! Do a Short Sale

I was reading this article on CNNMoney.com and thought it had some valuable information.  I have preached it over and over again, there are very few benefits to foreclosing over selling short.  It is always helpful to talk to someone that knows the industry before making your decision.  However, the worst thing you can do is NOTHING!  Be proactive and educate yourself.

Don't foreclose! Do a short sale

http://money.cnn.com/2010/03/29/real_estate/short_sale_explosion/index.htm?source=cnn_bin&hpt=Sbin

By Les Christie, staff writerMarch 29, 2010: 2:30 PM ET

NEW YORK (CNNMoney.com) -- Short sales are the hottest thing going in the distressed-property market, and the trend is expected to get even hotter in coming weeks, when the government starts handing out cash to encourage lenders to close these deals.

"Banks have ramped up short sale approvals," said Duane Legate of House Buyer Network, which connects short sellers with buyers. "They're hiring a lot of the people who once worked in the mortgage-lending industry and moved them over to short sales."

These transactions, where lenders allow homeowners to sell their houses for less than they owe, accounted for 17% of all residential real estate sales in February, up from nearly 13% in November, according to a monthly real estate market survey by Campbell/Inside Mortgage Finance.

And Bank of America (BAC, Fortune 500), the country's largest mortgage servicer, has more than doubled the number of short sales it processed in recent months.

Elizabeth Weintraub, a Sacramento, Calif.-area real estate agent who handles many short sales, was amazed at how quickly a recent deal went through. "Bank of America approved it in 24 days," she said. "That flipped me out."

This is a huge change from even just six months ago when the short-sale market was stalled and most people would describe the process has real estate hell. Because lenders stand to lose so much on these transactions, they have been reluctant to make short sales happen, often waiting months before getting back to potential buyers.

Beware: You lost your house but still have to pay

"In the past, many short sales would never come to fruition and the ones that did averaged over half a year to complete," said Chris Saitta, CEO of Equator, which produces short sale software.

"Things would just fall into a black hole and not come out again," added Weintraub.
And even when banks did agree to the sale, the process could be further complicated if the original owner had a second mortgage.

In most cases, the first lender is repaid in full before any money flows to a second-lein holder. And because most distressed borrowers are severely underwater, there's usually nothing left to send on. As a result, second-lein holders are left holding the bag and have been killing many deals.

But that has been changing. For one thing, banks realize that they make out far better financially with a short sale than a foreclosure. "The lenders lose 50% on a foreclosure and only 30% on a short sale," said Glenn Kelman, founder of the real estate Web site Redfin. "And short sales offer a way to get distressed properties off their books quickly."

And on April 5, lenders and mortgage investors will have even more incentives to offer troubled borrowers short sales instead of foreclosing.

Under the new Home Affordable Foreclosure Alternatives program, borrowers will earn a $3,000 "relocation incentive" and servicers will get $1,500 for handling a short sale.

The investors who actually own the mortgage notes will get $2,000 in exchange for sharing proceeds of the short sales with any second-lien holders. And, finally, those second lien holders will receive up to $6,000 for releasing their claims.

Lenders participating in the program must also determine the market values of properties early on and inform the owners of just what price they're willing to accept. Then, if owners come back to the lenders with bonafide offers, they have to be accepted within 10 days.

Equator's Saiita anticipates a short sale explosion in response to the new program. "The challenge will be handling all the volume," he said.

The company has already tweaked its software, which 58 servicers use, to handle the new HAFA rules. And that should help reduce the time it takes to execute a sale, which currently averages 88 days.

The boom in short sales may accelerate the end to the foreclosure crisis by cleaning out the overhang of borrowers in distress and replacing them with more stable homeowners.

Plus, these sales are better for distressed borrowers because their credit scores suffer less. Going through a foreclosure can knock 200 points off a FICO score, twice as much as the penalty for a short sale

Thursday, April 1, 2010

Portland Winterhawks = GREAT ENTERTAINMENT!!

I was watching the Portland Winterhawks vs. Spokane Chiefs playoff hockey game and marveling at how few people were in the stands. It's game 7 of a GREAT playoff series!  This game had everything, goals, hits, fights, and sudden death overtime in a game 7!  While I realize that this is not a hockey crazy part of the country, it is a very entertaining event. If you have never been to a Winterhawks game, you need to check it out. Tickets are fairly reasonably priced, as low as $10, and very fast paced.

I remember being a high school student, back in the early 1900's, and the Winterhawks were consistently drawing 8000 people. The Rose Garden had a ton of energy, and it was a great presentation. However, something has happened over the last 10 years or so. The ownership group has changed a couple of times, and they are just now starting to get back to where they should be. That is the good thing about junior hockey, it's like college football in the sense that the players are constantly changing so the turnaround can be quick. A common misconception about the Winterhawks is that people think they are a pro team. This is not the case, the players are only 16-20 years old! They are often times high school students or potentially freshman or sophomores in college! Once you wrap your head around this, you’ll see how impressive these kids really are!

I realize the Winterhawks will not compete with the Blazers, Beavers, or Ducks for fan passion, but they are a great way to get the family out of the house for an evening. These kids play hard, and do it for the love of the game and to prove something, not for the money. I know it’s nearly the end of the season, but if you get a chance, check out a game. If you can get to one of their playoff games that are coming up, do it, YOU WON'T BE SORRY!

For more information go to their website: http://www.winterhawks.com/

Tuesday, March 30, 2010

Are Interest Rates Going To Rise??

I've been reading a lot of articles lately that are speculating on what interest rates are going to do. I actually watch this very closely as a Realtor, as the affordability of housing changes greatly as rates vary. Where it really comes into play is when I'm working with a buyer and they are qualified up to say $350,000. Suddenly rates spike up and now they only qualify for $300,000. It only takes about 1 percent in rate to make this happen. So the homes we've been looking at are now out of my buyer's price range and we are back at square one.

That being said, the general feeling I get is that rates aren't going to spike up drastically but they will tick up. One article I got from Mike Popnoe of Strategy 7 said:

THEY SAY THAT MARCH COMES IN LIKE A LION AND GOES OUT LIKE A LAMB... But this year, the exact reverse is true when it comes to home loan rates - for quite a few reasons, including the end of the Federal Reserve acting as a large buyer of Mortgage Backed Securities (MBS). The "demand" created by their fifteen-month program has helped Bond prices stay high and home loan rates stay low.

But the Fed's MBS purchase program will end on March 31st. The Fed has confirmed this several times, including during last week's testimony by Fed Chairman Ben Bernanke. What's more, the Fed will likely change sides entirely, and actually become a seller of MBS, since their balance sheet hangs heavy with MBS holdings. However, once the Fed begins selling MBS and puts more supply into the market - at the same time as entirely removing their past demand as buyers - this will pressure Bond prices lower and push home loan rates higher.

If this in fact is true, it is all the more reason to act quickly. I think home prices are at or near their bottom, depending on the location, and the rates will outweigh the drop in home value. You just need to do your rate calculation and figure out what you can afford. As always, if you have questions I'm happy to answer them or point you to a good loan officer.

Tuesday, March 16, 2010

Portland #2 'Time Saving City in U.S.'

According to Adam Bluestein, of RealSimple.com, Portland is the number 2 time saving city in the United States.  Of course my first question when I saw the article was, 'What exactly does that mean, and how do you judge it?'.  Well, here are the criteria he used when judging cities for the study:

To assess which places help you make the most of your precious hours, we sorted through reams of data on dozens of large American cities, ranked each on various criteria in five categories (see below) on a scale of 1 to 5, and added up those categories to get an overall score.

Category 1: Getting around --Includes average commute, walkability, traffic congestion, airport on-time performance.

Category 2: Health and safety --Includes average wait to get a doctor's appointment, physicians per capita, response times of emergency medical services.

Category 3: Information and technology -- Includes broadband and wireless availability, bookstores and libraries per capita, helpful resources such as 311 hotlines.

Category 4: Green time-savers -- Includes recycling access and cost, number of farmers' markets and community gardens, bike friendliness.

Category 5: Lifestyle -- Includes number of personal trainers and organizers, restaurants offering takeout per capita, miscellaneous time-saving services.
 Portland finished right behind Seattle, and this is how Portland was graded out:

Portland, Oregon -- Score: 21.5 -- Population: 557,706

It's no hassle getting around this town, whether by bike or on the nation's fourth-largest light-rail system. There are few airport delays, and speedy emergency services translate to one of the highest cardiac-arrest survival rates.

And finding lunch is easy, with about 450 gourmet food carts around the city. "I could hit 100 carts in an hour," says Brett Burmeister, who runs Foodcartsportland.com. "It takes less than five minutes to get a cheap, amazing lunch."

Getting around: 4.5
Health and safety: 4.5
Information and technology: 4
Green time-savers: 4.5
Lifestyle: 4
While I will agree that Seattle has more technology and more hot spots, I disagree with the overall grade.  I think more weight should have been put on the 'Getting Around' category.  I have wasted countless hours sitting in Seattle traffic.  Every time I try to get somewhere in Seattle I seem to lose at least an hour sitting on the freeways.  There just isn't a way around, and the traffic is never ending!  I guess that's when you pull over and hit one of the coffee shops with free wifi. 

Either way, I still see this as a positive representation of Portland.  The more people I have visiting, the more I appreciate our city.  If we keep getting these 60 degree days in February and March, we may just have a mass migration to the great gray northwest!  

To see the entire article, click here: http://www.cnn.com/2010/LIVING/wayoflife/03/15/rs.top.time.saving.cities/index.html?hpt=T2

Monday, March 15, 2010

$8000 First Time Home Buyer Tax Credit Ending

Last November I saw a lot of momentum coming from the $8000 first time home buyer tax credit. However, as it was extended to homes under contract by April 30th of this year, and it doesn't seem to have the same sort of buzz.  I think this is due, in part, to the fact that many of the people that were on the fence already jumped and got in before the original November '09 deadline.  Also, I think people just don't have all of the information.  One key to the extension is a $6500 credit for current home owners.  According to the IRS:

'The new law also provides a “long-time resident” credit of up to $6,500 to others who do not qualify as “first-time homebuyers.” To qualify this way, a buyer must have owned and used the same home as a principal or primary residence for at least five consecutive years of the eight-year period ending on the date of purchase of a new home as a primary residence.' -IRS.gov
The key thing to note is that there are a finite number of days to take advantage of this.  If you are going to buy a home, and get the tax credit, you need to be under contract by April 30, 2010 and it has to close by June 30, 2010.  This means you have about 6 weeks to find a home and another 2 months to get it closed.

If you'd like more info on the extension go to the IRS website: http://www.irs.gov/newsroom/article/0,,id=215791,00.html.  

If you have any additional questions, I'm always here to help.

Friday, March 12, 2010

John Ross Condo Auction


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Well, another bank has decided to auction off condo units in Portland.  The John Ross building is following Atwater Place's lead and selling 50 of the remaining 80 units.  I can see both the good and the bad of this.  I do feel sorry for the homeowners that were early adopters of the John Ross and the south waterfront district.  This will set a new low bar for the values of the condos.  The whole project has been hit very hard by the downturn in the market.  However, I do think some poor planning has also hindered the sales and acceptance of the south waterfront project.

In my opinion, there are 3 major problems with this development in general.  First, there is very little parking outside of the 1 or maybe 2 spots an owner gets with their unit.  Secondly, it is not an easy place to get in and out of.  Access is only onto Macadam and often seems to be more difficult in comparison to other parts of the city.  Finally, and this is the complaint I've hard most, is that there isn't a grocery store or enough commercial space.  Most people that embrace condo living want to be able to park their car and walk to get their needed items.  You can jump on the street car, but it takes a 30 mins or more to get very far into town. If you compare it to the pearl district, which has thrived because it is full of shops, restaurants, bars, and most importantly, 2 grocery stores, it's a tough sale.  In the south waterfront, you have a couple of restaurants, a coffee shop, a mini mart, and that's about it.

That being said, there is opportunity for the south waterfront to be a thriving community in time.  I just look at it as a longer hold than other condo buildings.  If you can get in cheap enough, though, it could be well worth it.  You look at price per square foot and make a decision.  The other drawback to the John Ross building is that it is not located on the water like Atwater Place or the Meriwether.  There are still river views but it just depends on the unit and the floor in the building.  In my opinion, I don't like the finishes quite as well either.  The Atwater Place building is quite stunning and the Meriwether is pretty nice as well.  One thing I have realized after touring most of the condo buildings in Portland, is that it all comes down to personal taste.  There is a style to the elliptical building, and it may be just want you're looking for. 

In looking at the auction, here are a couple of things to note.  First, you just have to be educated if you are going in there.  Make sure you go in with a Realtor that is familiar with the project.  I went to the Atwater Place auction and most of the units were bid up to nearly market value or above.  Out of the 41 units they were auctioning I felt as though there were 5-6 units that were values when it was all said and done.  In my case, instructed my clients to pass on the units they had hoped to bid on.  In many cases, you could have had the same deal just by negotiating with the developer prior to the auction.  If you want to see the list of condos up for auction and more info, click here.  If you have any questions or would like more information on the building simply give me a call or shoot me an e-mail.  I'm always here to help.   

Aaron Stelle
Real Estate Broker
Licensed in OR & WA, CDPE, e-PRO
2009 RE / MAX 100% Club
RE / MAX equity group, inc.  
Direct:   503.495.3264
Fax:      503.495.5124
E-mail:  aaronstelle@gmail.com
Web:     www.aaronstelle.com