August 2019 Letter From My Heart

Good morning to Summer fun,

I Survived Real Estate – Nixon Library, September 27th

Join us and 450 of your best friends in the Real Estate Investment realm on Friday, September 27, at the Nixon Library. You will gain real estate insights from some of the very best. Learn about our markets and investing opportunities, as well as what is going on in Washington DC.

Call quick. Only a few seats remain at our table. An event not to be missed.

Great News:

Our steady and stable real estate market. It just doesn’t get any better. Yes, markets slow

during the ‘summer doldrums.’ But it is a proven buyer’s opportunity for the astute and aware.

Ready to buy? Are you wondering if now is the right time? Best Answer: Call us today for a quick and painless review. We will reviews the pertinent facts, avoids the fictions, and set up a plan of what to do next. The Good News: The speculative days of 2017 have quieted. This is good for Buyers and Sellers, as far more homes are selling at or near the asking price, without the excess of multiple offers. This is what I call a sound and reasoned market. Call today.

Have a home already? Fantastic. Plus with rates trending lower, now maybe a good time to refinance, or get a credit line. What better way to complete your Summer projects or plan a family get away. It is nice to know rates have returned to the low levels of early 2018.

For those yet renting – but waiting – what better time. There is great advantages to knowing today what you can afford to purchase – as well as what loan program best fits your view of tomorrow. Plus its free. We offer an excellent, step-by-step approach to this very big step in your life. Best of all. We know how to make the process as simply as possible. Give us a call.

Keep in mind: A solid offer are well received by Sellers and is often the difference maker. Our real estate friends agree. Set yourself apart. Call today.

Is this your Summer to Buy? Now is the time to call – Call Mike.

News We Can Use: Lots of It

  • A quote from friend Elliot Eisenberg: “June retail sales rose a surprising 0.4% and are probably running at their best sustained pace in five years! June manufacturing activity rose a solid 0.4%, June job growth was excellent, and the trade wars are calming down. All this suggests an interest rate cut isn’t necessary. But housing starts and permits remain anemic at best and architectural inquiries hit a decade low! A one-quarter point cut is reasonable! ”
  • I propose we review what is the ‘normal’ for home building starts. Talking heads cry for the days of 2 M annual starts. Yet, the last 2 times we had such levels, one ended in the Savings and Loan crisis and the other, the Great recession. I propose the current 1.25 M annual new construction starts is healthier.
  • Historically, new housing brought increased shopping and increased sales tax revenues. Yet this relationship has been weakened by today’s online shopping. Further, with a heightened demand for downtown office space – rather than suburban – new homes no longer bring the same increase in commercial property tax revenue. Combined, these trends reduce the economic appeal of entry-level housing, for suburban counties. Note: This problem has been brought about by our current ‘system’ of rewarding commercial development, while penalizing Cities for building housing!

News of Interest: The Bay Area continues adding net jobs, in-spite of one-sided news about ‘everyone leaving California’. Amazing is our strength and resilience. Of interest, Seniors are the largest “growth-group” in renters, and are now far outpacing the younger generations. This shift is so significant that the average age of renters, is now 52.


1) We provide loans for Small Business and Commercial. 2) Even more, we offer specialized tax-advantaged alternatives, when selling highly appreciated real estate. We are proud to say: Don’t pay Capital Gains taxes now, unless you want to deplete your cash. 3) We provide strategies to stay in your home longer, one solution being the Reverse Mortgage.

Bottom line:

Call today and let’s prepare for – Now.

The Good, the Bad, n the Ugly

The Good: An increased push to speed up the approval process for small projects – called ‘Over-the-Counter permits.’ It is coming. Some of our local cities are embracing the change.

The Bad:. Yet another courtroom hammers away at VTA, effecting workplace moral. Trouble: Lowest ridership and highest cost, per passenger. Part of a sad and long list. Yes, some changes are being made – light rail service corridors – yet for those of us living here a long time, we are not impressed. Great people work there, yet we don’t hear of any voting for awards being given for a good workplace. Has the time come for some heavy duty pruning?

The Ugly: Code Enforcement confusion. With the replacing of a deck on a 2-story, 4-plex – in San Jose – this year’s inspection is requiring ‘permits’ for the stove range hoods. This on a client purchased property some 19 years ago. The hoods were most likely, already installed when the unit was first built. In spite of all the political news, this is how San Jose rolls.

Summer Buying – A Season of Excitement and Expectations

If you, your friends, or co-workers are looking to buy, give us a call. We would love to hear from you. It is advantageous to have a highly qualified and experienced loan officer, who puts our client’s success first – today and tomorrow. I want you to be a proud, successful home- owner and we are here to help you complete the sale.

Building trust in our partnership, is key and what makes us far more then, “Internet-only”. Moreover, hype is unable to offer you my 30 years of proven success and learned perspective, keeping you safe from unsuspecting hick-ups and expenses. Our commitment is you. Let us be your team member and advocate for you. Together, we can best explore all the options

Closing Thoughts:

We are the financing arm to help leverage your assets and accumulate wealth. We offer needed information – perspective and plausible financial solutions – with strong lenders ready to say Yes, to your loan request. Give us a call. Let’s start building your future today.

Thank you and continued blessings.

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