November 3, 2008

Maybe the President should have the White House in Los Gatos!

Gorgeous Los Gatos home
$750000 Gorgeous Los Gatos home (los gatos)
Reply to: hous-893222226@craigslist.org [?]
Date: 2008-10-25, 11:57AM PDT

Bank has previously approved offers at $750,000. Any offer bellow $750,00 must be submitted along with a BPO justifying the offer price.

Desired Los Gatos family neighborhood.
Exceptional home with Marble floors in foyer. 2 way wood burning fireplace in living room.
Kitchen has granite counters. Crown moldings. Pool with hot tub.
Very convenient location. Plenty of upgrades.
A must see!!!
This house is shown by appointment only. Please call if you have any questions or if you wish to obtain an appointment. Pat (408)439-1650

223 THOMAS DR
Los Gatos
Bed/Bath: 3 / 2
SqFt:1431
Lot Size:6,120 sq ft

This is a short sale. We have a negotiator any reasonable offer will be approved fast.

Hey… this house is just in time for the elections tomorrow! After all, it’s got that stately look… and check it out! Columns!

WAIT A MINUTE!

September 12, 2007

Who doesn’t like columns?

It’s J&N Week, Day 3. J&N are Burbed readers who recently submitted quite a number of great finds! Thanks J&N!

MLSlistings Property Detail for MLS number 733369
223 THOMAS DR
Los Gatos, CA 95032
$1,100,000

This Single Family Residence has the following features:
MLS#: 733369 Approx Age: 43 Years Approx Sq Ft: 1431
Detached Single Family 1 Story Ranch
3 Bedrooms Ground Floor Bedroom 1 Master Bedroom Suite
2 Bathrooms 2 or More Stall Showers 1 Shower over Tub

Holy crap! A 32% price cut in Los Gatos?

OH MY GOD. What is this world coming to? Forget Country First! We need Los Gatos First. Forget Change We Need! We need Change in Lost Gatos!

Come on Los Gatos. Get your act together. You are now officially on probation. What the hell?

(Thanks to Burbed reader EV for this find!)

Comments (50) -- Posted by: burbed @ 5:01 am






November 2, 2008

Who says housing in California is unaffordable? Part 2

Mountain View Voice Mountain View Voice: Possible housing deal for cops and firefighters October 31, 2008
In order to better respond to emergencies and deepen connections with the community, the city may soon be using a homebuyer assistance program to encourage its police officers and firefighters to live within city limits.

At a City Council meeting Tuesday, city staff presented options for the program. Council member Margaret Abe-Koga had proposed a home loan program after being approached by several new police and fire personnel, who are hoping to buy a home in Mountain View.

One proposal was for the city to invest $1 million of its reserves into a revolving door fund that would give $100,000 down payment loans to help public safety personnel and, possibly, other city employees. A police officer’s average starting salary is $92,000 a year, but that is still not enough to qualify for many home loans.

Only two of the city’s 69 firefighters and 18 of the city’s 97 police officers live in Mountain View. Firefighters in particular tend to live many hours away, where homes are much cheaper. Because they work long shifts, they only have to drive to Mountain View once or twice a week, working several days in a row and sleeping in the fire house. Nineteen percent of firefighters live in Santa Clara County, compared to 73 percent of police.

Further proof that housing is affordable. The real question: is it too affordable?

Comments (10) -- Posted by: burbed @ 4:51 am

November 1, 2008

Who says homeownership in California is unaffordable?

California Cities Cut Police Budgets – WSJ.com
After Sept. 11, California municipalities moved to increase wages and benefits to attract police officers and firefighters. Vallejo joined a consortium of cities in the region, including Oakland and San Francisco, that used each city’s salary and benefit increases as a guide for labor contracts.

Before that, in 1999, state lawmakers had adopted a measure called “3% at 50″ that allowed local and state police officers and firefighters to retire at 50 years of age with 3% of their highest annual salary — multiplied by the number of years served. The legislation granted thousands of public-safety workers a retirement payout of 90% of their former salaries for life. The benefit, bolstered by post-9/11 recruiting, swiftly became a major staple for most California cities.

Those full-natured benefits created a bidding war among Northern California cities, and Vallejo negotiated lucrative wage increases with police and firefighter unions to stay competitive. Three years ago, the city agreed to a 20% pay increase between 2007 and 2009; an average police officer now makes $121,000. When benefits are included, the number rises to more than $190,000. By 2007, 80% of Vallejo’s budget was dedicated to police and firefighters.

[snip]

Vallejo also finds itself in competition with Bay Area cities that can still afford to attract officers. Joe McCarthy, a Vallejo detective, says 10 surrounding cities have contacted him with job offers. He plans to leave soon.

Check out how much the average Bay Area police officer makes. See? Housing is plenty affordable for our public servants. They’ll help keep prices up!

Comments (5) -- Posted by: burbed @ 5:07 am