by Roberta Murphy We now have the chance to read through the recent Stimulus/Spending Bill that was passed largely unread by our Congress. The earmarks and pork anger many, but there is good news on the real estate front: Owners of second homes and other real estate investments will now be able to refinance their mortgage loans if they are guaranteed or held by either FannieMae or FreddieMac–and if the…
Trump’s Baja Luxury Resort Fails
by Roberta Murphy Mexico is struggling with a number of serious problems, including failed real estate developments along the Baja coastline–just south of the San Diego border. From the northern tip of Tijuana’s coastline down to Ensenada, Baja beach areas are spotted with the rusting remains of failed high rise condo projects. And one of the biggest failures is the Trump Ocean Resort Baja just north of Punta Bandera, where…
A Temecula Wine Country Winner
by Eve Sieminski I’ve been visiting the Temecula Valley for wine tastings over the years–usually as a substitute for the richer (and more distant) wine experiences to be found along California’s Central Coast and the Napa/Sonoma wine countries. A couple of weeks ago, we had a visitor from Europe who wanted a California wine experience. Not having the time for a long drive North, we headed out to Temecula, just…
All Mortgages Are Now Assumable
by Roberta Murphy If I could be President Obama’s Mortgage Czar for just one week, the first thing I would mandate is that all existing mortgages become assumable. When starting my real estate career in Houston, Texas during the last century, it was not uncommon for buyers to assume or take over existing financing. In fact, it was a perfect way for the self-employed or those with dinged credit to…
Sometimes a Dog’s Best Friend–is Another Dog
by Roberta Murphy This video really has nothing to do with luxury, luxury homes or anything of the sort. But, it has a lot to do with a big, big heart, quick action and enormous courage–and the compelling story of how one dog bravely saves the life of another. [youtube]http://www.youtube.com/watch?v=m2qSakxWt54[/youtube]
Even Luxury Home Loans Can be Modified
by Roberta Murphy One Can Modify Luxury Home Loans, too? Not all clients took my conservative mortgage advice over the years, and some ended up with home loans that have turned downright nasty. In one case, a client and dear friend was persuaded to take out a Negative Amortizing Adjustable Rate Mortgage (Neg Am) along with a HELOC (Home Equity Line of Credit) a few weeks after the purchase of…
Luxury Buyers Digging in Their Heels?
by Roberta Murphy Dear friends returned with big smiles and fat packages after a trip to Las Vegas prior to Christmas. Ulf and Andrea walked into the Saks Fifth Avenue store on Las Vegas Boulevard–and encountered rack after rack of clothing discounted up to 80 percent off. These were sales never seen in the weeks before Christmas, and they happily bagged up their luxury bargains and returned to Southern California….
Bailout for the Wealthy?
by Roberta Murphy I am still chuckling over the wit and common sense of Wanda Sykes as she rants at Jay Leno over a Government bailout plan that has most eyebrows raised: [youtube]http://www.youtube.com/watch?v=MXznKV7rw7k[/youtube]
Chilean Wine: You’ve Got to Be Kidding!
by Eve Sieminski I can’t begin to tell you how many years I have had a prejudice against Chilean wines. Each time I tried one, I was unimpressed–or worse, ended up with a raging headache. Living in California, we are positively spoiled when it comes to wine. We have a never ending selection of fine wines, so it never occurred to me to search out fine wines from Chile. At…
Luxury on Ice: Iglu-Dorf
by Scott Murphy I grew up in the mountains at Big Bear Lake and spent many winters building igloos. Behind all the effort was the dream that I would one day get to sleep overnight in one of these icy creations. It now appears someone in Switzerland has beaten me to the punch. Perched 8,500 ft in the Swiss mountains above 5-star resorts sits Davos, Switzerland. Here one will find…
