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2007 Encinitas Oktoberfest and Street Fair

Encinitas OktoberfestEncinitas will be hosting its 13th Annual Oktoberfest and Street Fair this September 23, 2007. It is generally a sold-out event that allows everyone to be a fun-loving German (or fun-loving Californian) for just one day.

And why, you ask, would someone want to do that?

It's the lively German music, the fabulous German food (brats and kraut and potatoes and other hearty delectables from the kitchens and chefs at Carlsbad's Tip Top Meats), and the opportunity to browse the outdoor street fair and booths selling everything from handcrafted jewelry, doggie sunglasses, wardrobe accessories, nutritional supplements and home decor items.

It is also an opportunity to enjoy a lovely autumn day in balmy Encinitas. The even will be held on Mountain View at the corner of El Camino Real--and is a great place meet old land new friends.

For sponsorship, vendor booth or advance ticket information, call the Encinitas Chamber of Commerce at 760-753-6041.

Oompah!

 

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No Butts on San Diego Beaches

 Near-naked butts are fine, but the smoking kind are now off limits at almost all San Diego beaches. 

The most recent prohibition against smoking on beaches comes from San Diego's northernmost city, Oceanside. Though tickets are not currently being issued there, signs will be going up after Labor Day advising all of the ban on smoking at Oceanside beaches.  This recent legislation came after 9000 residents responded last year to city survey and cam out in support of the smoking ban.

It seems many don't like the idea--or reality--of their local beaches being used as an ashtray.

Oceanside joins the cities of San Diego, El Cajon, National City, Imperial Beach, Del Mar and Solana Beach in prohibiting smoking in their parks and/or at their beaches. 

Encinitas has yet to ban smoking at its beaches--and smoking is currently allowed at the State Beach in South Carlsbad. 

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Del Mar Labor Day Activities

 What better venue than Del Mar to spend a sunny Labor Day weekend!

Visitors may wish to enjoy the wide sandy beaches in Del Mar, and take a long stroll through Olde Del Mar's quaint village--and enjoy lunch at one of its many fine restaurants.  For great family fun, though, it will be hard to beat the activities planned at the Del Mar Racetrack.

Saturday and Sunday of Labor Day weekend--along with Labor Day itself are designated as Famiiy Weekends at the Track. There, families can enjoy:

Inflatable games and rides
Pony rides
Magic Shows
Game Zone
Obstacle Course
Face Painters
Giant Scramble Slide--and more

In addition to activities for the kids on Labor Day (Sept. 3), the Del Mar Race Track will offer photo and autograph opportunities with famed thoroughbred jockeys from noon to 1 p.m.  Additionally, frosted pint glass sets will be given to all paid entrants--while supplies last.

During Labor Day weekend, adult admission is just $6 and kids are admitted free. 

 

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Del Mar: Where the Turf Meets the Surf

Del Mar Estate Most Expensive in San Diego 

Show Me the Money: San Diego 

Jake's Del Mar for Brunch 

Del Mar Thoroughbred Club 

 

Credit Problems a Bigger Threat than Terrorism?

 Uh oh. Blood must be running in the streets....

Subprime mortgage loan defaults and excessive household and corporate debt represent a greater short-term threat to the U.S. economy than terrorism, energy prices or inflation, according to a new survey of economists.

This statements leads a report in this afternoon's Inman News, wherein a group of economists with the National Association for Business Economics (NABE)  feel far more jittery about the combined short term effects of subprime default and excessive cororate/household debt than they do about terrorism.

Only 29 percent of the economists feel we are in a serious national housing bubble, while 59 percent believe we are experiencing local bubbles only. Peering five years into the future, 42 percent of these same respondents expect home prices to remain relatively flat (-2% to +2%), while 39 percent believe prices will rise (+2% to +6%); 12 percent expect a modest decline (-2% to -6%); 4 percent expect a large decline (-6% and more); and 2 percent expect the market to boom (+6 % or more).

The just-released report compares the sentiments of economists over a period of two years, and it would appear that most of their perceived short term risks are disconnected from longer term concerns which include health care, an aging population and our educational system.

It would appear that both credit problems and terrorism vanish from the NABE's longer term radar--which leads to a fanciful wish:

That terrorist funds were heavily invested in the subprime mortgage market:-)  

 

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Mortgage Crisis and the Blame Game

brad-inman.jpeg

Brad Inman last weekwrote an excellent article about the mortgage and real estate crisis that has gripped so many markets in the United States–and elsewhere. In The Housing Market Blame Game, Inman reports that even formerly raging real estate markets that were once seen as unshakable, such as Manhattan, are now beginning to share the pain with regions that had collapsed earlier.

Many blame the real estate industry for hyping the real estate market; others the mortgage originators. But Inman makes an interesting observation:

“….hyperbole from every day Realtors is not the underlying problem causing the housing quake. I would assign more blame to industry experts who peddled their demographic-as destiny arguments and ignored other issues.

This is akin to the expert analyst problem in the equities industry, where favorable reviews were tied to conflicts of interest.”

My response:

The blame game and finger pointing has become a conversation staple from Wall Street to Main Street. Some blame greedy hedge funds, some the greedy mortgage industry, some the greedy real estate agents, and some the greedy mortgage fraudsters.

The conversations that interest me most are the ones that seek ways to sift through the rubble to find approximate market bottoms (especially in the San Diego real estate market:-). That is where the next real estate fortunes will be made.

Greed survives.

San Diego Autism Resources

Note: Dione Lamm, a client, is one of the brightest women I have ever met. In addition to having been a simultaneous translator for the United Nations, she is a wonderful mother and wife, an interior designer, a quick wit and energetic student of life. She is also incredibly organized, and is kind enough to share her experiences in getting appropriate care for their autistic son. It is hoped that Dione’s experiences and guidance may help other San Diego parents who require assistance for their very special and autistic children. Dione wrote this in response to my request for additional information about assistance available for children with autism. I am touched. –Roberta Murphy

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Help for Autism in San Diego

by Dione Lamm

We have all heard the old adage that there is nothing more stressful than divorce, death or moving, but if you are the parent of an autistic child you know a different kind of stress than anyone else.You know that sometimes just going out of the house, into a store or to the doctor’s office with an autistic child requires special survival skills. But at least you are on home turf. What happens when you travel–or God forbid, are moving to a new city, state or country where you know little or nothing of the services that may be available to you and your autistic child?

In my case, our family moved all the way from Europe to the San Diego area. Preparing for the move was not very problematic, because I had already become an expert at minimizing the effects of stress and changes on our autistic son, who was by now a strapping 15-year-old.

But how would we all adjust to our new environment in Carlsbad, California–a northern coastal suburb of San Diego?

For eight months prior to our big move, I spent countless hours on the internet, made several trans-Atlantic flights and consulted with local San Diego real estate agents. I called every agency and school resource I could find, arranged meetings and had everything set for our son.

Or so I thought

As our family boarded the plane in Belgium for our final trip and move to San Diego, I felt everything had been done to make this life transition as smooth as possible. We were on our way to a new life with new beginnings, but we were not prepared for struggles that awaited us.

As we tried to enroll our son in an appropriate school, we encountered delays, waiting lists and endless papers to be filled out. And although some of the administrative procedures about drove me to the brink of insanity, I discovered a number of powerful allies who made the search and my job more bearable.

If you are thinking of moving to the San Diego area, your number one supporter will be the Regional Center. This non-profit organization was created to support, advocate for and defend developmentally disabled children, adolescents and adults. Once your child’s needs are assessed, the Regional Center provides educational advocates, therapy, respite and other vital services free of charge to you. Basically, it is a one-stop shop offering everything you need, and once you have completed the rather lengthy intake process, you can breathe a sigh of relief because the Regional Center then does most of the dirty work for you.

You may have already chosen your home for the school district, only to find that your child’s needs cannot be met there. However, if the right school district is important for normal children, it is even more so for the handicapped. The North Coastal Consortium for Special Education (NCCSE) had a representative in my district who provided alternatives and funding for non-public education for our son. Not all school districts are created equal and you must bear that in mind when searching for the ideal home.

Another valuable source of information is the Exceptional Families Resource Center, who publishes a twelve page directory of commonly referred resources - everything from camps to health care solutions (although the Regional Center publishes a directory of physicians and dentists skilled at dealing with autistic individuals).

I think I must have had a guardian angel watching over me during this move. I found a capable and professional real estate agent, moved to a wonderful neighborhood and benefited from unwavering support from the school district. As with everything in life, you have to start with the right building blocks, and the pieces do eventually fall into place.

Yes, moving is stressful, incredibly so, but as parents of autistic individuals we are certainly used to stress–and are stronger because of it. –D. Lamm

Contact Numbers:

San Diego Regional Center- San Diego 858-576-2996/ La Mesa 619-464-4380/ San Marcos 760-736-1200

North Coastal Consortium for Special Education (although each school district has a special education coordinator) 760-471-8208

Exceptional Families Resource Center San Diego - 800-281-8252 or 619-594-7416

Homes Prices in Richistan Continue to Soar

 $50 million is the new $30 million, says Glenn Roberts over at the Inman News Blog–especially when it comes to high end luxury homes.

Citing a 2007 Mid-Year Luxury Report by Stribling Private Brokerage, Roberts explains how just a few years ago, even a rumor of a $30 million real estate sale in Manhattan would create big buzz. But since the sale of a $53 million property there in late 2006, prices have leapfrogged into the $50 millions.

This enormous inflation at the top tier of the real estate market is occurring across the country–from San Francisco’s $55 million fixer, to Donald Trump’s $125 million estate in Florida to Tim Blixseth’s $155 million estate offering for his 53,000 square-foot estate in Bozeman, Montana.

I couldn’t resist responding to Glenn’s article:

We are seeing a similar phenomenon in the San Diego’s luxury end of the real estate market. Late last spring, a Del Mar oceanfront estate was sold at $48.15 million–setting a California record.

Now, just listed, is another 5.5-acre Del Mar oceanfront estate with a price tag of $76 million.

Inflation in Richistan continues to amaze!

Other articles of interest:

Breaking All Barriers: Luxury Homes Reach Nine Figures

What is a Luxury Home?

United States a Bargain for $1Million Homes?

Ultra-Luxury Home Sales to Soar in 2007?

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GreenPoint Mortgage Bites the Dust

 The Wall Street Journal is just reporting that Capital One is shutting down GreenPoint Mortgage. This is the latest casualty report in the mortgage market implosion--and will likely rattle the markets even further.

The fallout from this closure will result in the closing of 31 office locations--and the even more painful elimination of 1900 GreenPoint jobs.

Greenspoint specialized in non-conforming and sub-prime loans that did not meet Fannie Mae and Freddie Mac lending parameters, and was a major source for jumbo loans (over the $417,000 conforming limits).  GreenPoint was also a go-to source for Alt-A or stayed income loans.

The Wall Street Journal reports that Capital One lost $9.69 million from its mortgage arm in the first half of this year and had been slowing the origination of home loans in an attempt "to drain the pipeline."

I just called our loan rep at Bank of America Mortgage to share the news. I think her groan could be heard 30 feet down the hall.  GreenPoint had always been a referral source for clients with credit issues.

 

 

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Man Your Blogs and Get to Work!

The Big Boys are moving into blogging--in force.

 At Inman's ReConnect, Alex Perriello, President and CEO of the Realogy Franchise Group  (Century 21, Coldwell Banker , ERA, Sotheby's), stated that their brands would be moving aggressively into the world of blogging. He said something to the effect that they would be ramping up quickly --and in a big way.

Now, Active Rain's and the Real Estate Tomato's  Blogging for SEO guru, Jim Cronin, will be evangelizing the benefits of blogging to a few thousand top-producing Keller Williams agents at the KW Mega Camp being held next week in Austin, TX. There, Jim will be addressing such subjects as:

  • How Web 2.0 Has Changed The Online Playing Field
  • Why Blogging Is Taking Over Real Estate
  • Why Blogging Works So Well In Search Engines
  • What It Takes To Be A Successful Business Blogger
  • How To Get Started Blogging.

Though things may seem ultra-competitive in our little world of real estate blogging and here on Active Rain, I think the battles for position have only just begun. 

Do you think the Realogy brands or Keller Williams or Prudential are going to let individual bloggers beat them in search engine rankings--if they can help it? I think not.

More than ever, it is important to put your best foot forward, ignore the "noise" and get down to serious and meaningful blogging. Our future clients want to read about their future neighborhoods, their future schools, their future recreation--and get a feel for the character of their future agent.

Make it good! 

 

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$76 Million Del Mar Listing Breaks Records


del-mar-estate.jpgThis listing breaks all prior San Diego listing records.

Priced at $76 Million, this circa 1937 oceanfront Del Mar trophy estate sits on nearly 5.5 singular acres. The two story home has nine bedrooms and six-and-a-half bathrooms and ocean frontage of 396 feet. It is an oceanfront estate that will appeal to top tier and global real estate collectors–and is a relative bargain compared to other hurricane-prone waterfront estates.

I caught first official details of the story from Michelle Mowad, crack reporter and writer for The San Diego Business Journal. She interviewed agents involved in the offering and reveals that the property is ownedbill-stensrud.jpg by San Diego venture capitalist William “Bill” Stensrud, one of San Diego’s wealthiest residents. He is a partner with Enterprise Partner’s Venture Capital, who recently acquired Muze, Inc.–and reportedly purchased the Del Mar property seven years ago for a (then) record-setting $25 million.

This just-listed, private, and gated estate also sits across from the Del Mar Race Track, and is just a short stroll away from Del Mar Village and shopping in Solana Beach.

And given that Del Mar and coastal San Diego County arguably have the finest year round climate in the world as well as a thriving economy–this is one real estate offering that may not last for long. Prior to all showings, buyers must be prequalified.

For additional information regarding this property, please feel free to email me roberta(at)sandiegopreviews.com or call 760-402-9101.

For more reading about luxury real estate and listings, read:

World’s Most Expensive Mansion 

Luxury Home Management: Ask for the Butler

Montana Luxury Real Estate Coup? 

The No Fear Estate 

Luxurious Intuitive Homes 

Gotta Haves for Luxury Homes 

The Snoring Room 

Luxury Home for Jets and Toys 

The Venetian Plaster Master 

What is a Luxury Home?

The Luxury Blingdex 

Easy Feng Shui Tips for the Luxury Home 

D.Porthault Sheets for Luxury Dreams 

Interactive Luxury Home Surfaces