Archive for October, 2008
For Real Estate Investors – A Measure of Value?
Sunday, October 26th, 2008I read an article recently in the New York Times entitled “Home Prices Seem far From Bottom”; one part of the article struck me as particularly interesting. It described a way of determining the relative value of a home by calculating the property’s “price-to-rent ratio”. This ratio is determined by taking the asking price of [...]
Cheeta, Palm Springs Icon
Tuesday, October 21st, 2008Local resident Cheeta, of the classic MGM Tarzan films made during the 1930′s and 1940′s in which he starred as the sidekick of Johnny Weissmuller, is being featured this week in Entertainment Weekly. The article heralds a new unofficial “autobiography” coming out in February 2009 called “Me Cheeta”. See their video of Cheeta Reading his Book. After Cheeta’s career as a movie [...]
For Qualified Investors Only
Monday, October 13th, 2008All right, you have heard this here before. I don’t want to sound like a broken record, but THIS IS A GREAT TIME TO BUY REAL ESTATE. So if you are tired of hearing this message and think it’s just a self-serving diatribe, just stop reading now. The banking and financial crisis that we are [...]
Palm Springs Style Lures Vacationers – An Afterthought
Wednesday, October 8th, 2008As a followup to yesterday’s article on Palm Springs Style, if you are thinking about buying a home in Palm Springs, it’s good to know that the rental market here is strong. Renting your home seasonally is a one good way of offsetting your fixed costs. A possible downside is that rentals here are quite popular, and you [...]
“Palm Springs Style” Lures Vacationers
Tuesday, October 7th, 2008One of the pleasures of taking a vacation is having the time to read the New York Times in a leisurely fashion. Recently we were at the airport, leaving Palm Springs for a few days on the East Coast, and Dick purchased a copy. I immediately leafed through to pull out a Life Style section called Escapes, and there we were [...]
Bailout or Rescue – This is a Good Time to Buy
Monday, October 6th, 2008The real estate business here in Palm Springs on our “Main Street” continues to move along, despite of all of the negativity in the news during the last few weeks about the stock market and financial system. Despite the seriousness of that message, our day to day business for qualified buyers is good, and well-valued [...]