Friday, July 4, 2008

And a repeat of Last Year's educational post

We all know those words, but but herewith is a bit of elaboration...I bet ya did not know the inspiring scholors of the founding fathers were real estate brokers!

The phrase is based on the writings of John Locke, who expressed a similar concept of "life, liberty, and estate (or property)". While Locke said that "no one ought to harm another in his life, health, liberty, or possessions", Adam Smith coined the phrase "life, liberty, and the pursuit of property". The expression "pursuit of happiness" was coined by Dr. Samuel Johnson in his 1759 novel Rasselas.

Written by Thomas Jefferson, the words in the Declaration were a departure from the orthodoxy of Locke and Smith. Locke's phrase was a list of property rights a government should guarantee its people; Jefferson's list, on the other hand, covers a much broader spectrum of rights, possibly including the guarantees of the Bill of Rights such as free speech and a fair trial. The change was not explained during Jefferson's life, so beyond this, one can only speculate about its meaning. This tripartite motto is comparable to "liberté, égalité, fraternité" (liberty, equality, fraternity) in France or "peace, order and good government" in Canada.

The phrase can also be found in Chapter III, Article 13 of the 1947 Constitution of Japan.

An alternative phrase "life, liberty and property", is found in the Declaration of Colonial Rights, a resolution of the First Continental Congress.

Happy Fourth to all. Call me at the office (see the right side of your screen) if you want to make yourself happy by buying a property (it'll make me happy too!).

Some Things You Do Not Need to Know About...

...Revere.

Since my horse is running there today at Suffolk Downs...(yes, he does have an independance day-like name)...it behooves (get it) me to drop off some trivia about Revere...

Some of my favorite locals include...

Charles Stuart, alleged murderer in an infamous case
Horatio Alger, author
Freddy "Boom Boom" Cannon, Singer-Songwriter-Guitarist
Tony Conigliaro, professional baseball player
Jack Haley, actor, most notable for his appearance as The Tin Man in The Wizard of Oz
Norman Greenbaum, musician
Earl Dodge, Prohibition Party politician (born in Revere)
Joe Rogan prominent stand up comedian and host of NBC's "Fear Factor"

Some cool tidbits:
Maggio's is there.
Chelsea Creek was the site of the Revolutionary War's first naval battle in 1775.
Bell Isle Marsh Reservation is the largest surviving salt marsh in Boston Harbor. It showcases plants and wildlife now rare to the Metropolitan area.
Next Stop Wonderland was filmed here.
Revere was mentioned in the novel Cell by Stephen King.

And yes, I did train there and yes I did fight there when they set up a ring at Wonderland for Friday night fights

Saturday, June 28, 2008

What Goes Around, Comes Around (or Circle of LIfe)

This right out of CNN. Didn't we ALL want to work from home?....

ROSWELL, Georgia (CNN) -- More than a decade after the Internet allowed millions of people to work at home, the next phase of telecommuting involves, well, not working at home.


Web developer Toby Ho, left, has joined a coworking group called "Jelly" in Roswell, Georgia.

1 of 4 Organized "coworking" -- the concept of working solo alongside like-minded independents -- has spread to dozens of cities.

The irony of coworking isn't lost on organizers, including Kevin Bachman, who set up a group north of Atlanta as part of an informal Web-based network called Jelly.

"The reason people work alone, is because they're looking for freedom," said Bachman, a 34-year-old Web developer who telecommutes part time. "It may be ironic that you crave isolation, but you also want to be socially interactive with others like you." See how Jelly works together »

Once a month, Bachman's group takes over a room provided by Tony's American Grille & Tap. A handful of home-based Internet workers hunch over laptops writing code, tweaking administration systems or enhancing databases.

"It's a great way to get out of your bubble," said Bachman.

Tony's doubles as a neighborhood sports bar at night, complete with a "beer pong" game table and projection TVs. But during the day, this location takes on a more business-like tone as colleagues help each other work, said Randall, a freelance database programmer who wouldn't give his last name.

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"I've probably gotten some tips just today from people that had the same problems that I've had," he said. "So, all-in-all it's been a productive day and it's not even 2 o'clock yet."

Coworking also provides an oasis for nomadic coffee-bar campers who struggle to collaborate among a random crowd.

"Starbucks was a place to get out of the house and be around other people," said Sherry Heyl, a Jelly coworker and home-based social media consultant. "But you can't turn to the person next to you at Starbucks and say, 'Can you look at this proposal and tell me if it looks all right or check it for typos?'"

Coworking is gaining popularity as number of single-person businesses in the United States is skyrocketing.

The nation added nearly 4 million one-person businesses between 2000 and 2005, according to the U.S. Census Bureau.

Back in 2005, Web programmer Javan Makhmali said he was "missing the work atmosphere to get me in the zone -- to get work done" at his home office in Portland, Oregon. So he and a few friends created a coworking cooperative and called it -- appropriately -- Less Distracted. Watch more about how coworking works »

"We found a space in a cool warehouse, put an ad on craigslist and Less Distracted was pretty much born like that," said Makhmali, a 27-year-old computer programmer.

By early 2006, a 1,500 square foot space in the North Coast Seed building was filled with more than a dozen other programmers and designers looking to break out of their home offices.

In exchange for a $100 deposit and $150 per month for utilities, tenants get 24/7 use of DSL Internet, Wi-Fi, a kitchenette and a hang-out area with couches for meetings and relaxing.

The Less Distracted Web site describes it as "your own space that's not in your living room and certainly not a cube."

Ryan Tyler, another original tenant, said coworking made a huge improvement in his productivity, while allowing him to make quite a few friends and great business contacts through the office.

The idea that home-based workers are returning to officelike environments isn't surprising to close followers of the commercial real estate business.

"For at least 50 years 'experts' have said technology will eliminate office demand," said real estate consultant Prof. Peter Linneman of the Wharton School of Business. "But the evidence clearly shows that we use ever more office space as technology advances."

Coworking suits the lifestyle of Portland's many free-spirited self-employed workers, said 39-year-old Tracey Weidner, an independent private investigator who's been managing Less Distracted for about a year. "It won't replace the corporate mentality of a traditional office, but it fills a need."

Makhmali displayed some of that free-spiritedness when he started holding movie screenings on the warehouse's seventh-floor roof. Safety concerns prompted the building's owner to close down the makeshift theater.

"The working vibe was something that we all created just by being there," said Makhmali, who has since moved to California. "We all encouraged each other to stay focused and keep working."


But Makhmali's Less Distracted experience didn't create a permanent convert to coworking. These days, instead of coworking, he's simply working.

Makhmail said it's "a real job," programming for an education-based Los Angeles software firm ... in the company's office.

CNN's Curt Merrill contributed to this report

Friday, June 20, 2008

And now a word from Jim Brown Of First Investors (Belmont)

Mortgage rates continue to stay in the 6.50% range. The 10 year bond has dropped
but the rates do not appear to be following. The good news is that many lenders no longer have declining markets in Massachusetts. The 97% single family program is now a program we can use. The banks continue to tighten credit but the activity in the market has increased. I don't think the increase in rates has hurt the market. There is some MHFA funding available for first time and low income borrowers with the rate being about 6.00%.

Just wanted to tell everyone to keep the community homebuyer program in minds which provides a lower downpayment and easier loan qualifications. We have a program

For:
1 Unit 97% LTV
2 Unit 95% LTV
3 Unit 90% LTV
4 Unit 90% LTV

The max combined income is $108,000.00. This is a great program for first time homebuyers.
CONFORMING
30 YEAR FIXED
6.500% 0 Point
6.000 % 2 Points
15 YEAR FIXED
6.125% 0 Point
5.625% 2 Points
Conventional 5/1 ARM
6.375% 0 Points
5.500% 2 Points
JUMBO
30 YEAR FIXED
6.750% 0 Points
7/1 YEAR ARM
6.375% 0 Points
5.875% 1 Point
5/1 YEAR ARM

6.250% 0 Points
5.750% 2 Points

Jim Brown
President
First Investors Mortgage Inc.
MB0063
24 Trapelo Road
617.484.8383

Deja Vu



Sometimes it hits. You think you've seen this or that before, but you cannot place the spot. Deja-vu has a reasonable explanation. The mind has jumbled memories together. It picks and chooses that which comes close to the mark. It then spits out what it wants to and tells you something not quite right. So it is with this home. I have seen it before...I know it, but where?

Then it all hits. National Geographic last week. An old copy from the basement. Did I not see a face like that in that article on Easter Island?

Sunday, June 8, 2008

The Face in the "Crow"ed

The other day, I had the opportunity to exchange business cards with a listing broker from Wakefield. I chose not the to glance at the card at that moment, but rather, showing due respect for the person's name and position, I tucked said card in my breast pocket where warmth from my heart would emanate and...stop me.

When I reached my office, I took the card out to enter the information into my database and lo, I received the real estate suprise...you know what I mean. How is it possible that the matronly gray haired old lady with the crows feet is the same person as the picture on the card -- you know -- the dark haired smooth skinned hotty that with a few drinks in me I could see as my "Mrs. Robinson"?

Now I do not use pictures on my cards. I leave that spot open and for good business reasons. That empty spot serves a purpose. When I leave a tip, I leave a card with a small note scribed in that spot -- yes it gets business. When I give my card, I give a piece of info beyond the name, "Oh wait!! here's something I want you to know", and I jot it down. MY cards are saved.

Don't get me wrong...MY mug appears on my lisitng sheets, in ads, internet and other places. But it comes with all the grease paint removed. You can see it all, the broken nose, crushed ear, fractured jaw. It gives me character and folks do recognize me on the street. Not that I look like Quasimodo, or anything, but mind you if I did, I'd subdivide the cathedral and go "condo" with it.

Friday, May 23, 2008

Retirement

One of the Venerables in my corner of the world is retiring. The word went out; her spot of the shopping carts is up for grabs. Now, mind you, I do not have a mind to retire myself, but it did put me in the frame of mind to think about retired folks. I see them, you see them. They walk in the malls, plan their days around their meals, drive big cars, make quick stops and turns use a lot of washroom facilities, make a point to know the names of kids and grandchildren.

They go out for coffee, read the obituaries, make a point to know the score last night, know which neighbor is scoring with which widow - or at least creating the illusion of scoring. They wash their cars, when they work they do so when they want to work. They go to town meetings and actually read the local weekly rag.

I look over the above litany and make note that those items are NOT retirement...that "is" Real Estate Agents. I begin to wonder...who retires from Real Estate? It IS retirement. What other gainful employment has so much chock full kibitzing and noshing and just all around social buitterflying. Maybe being a Mayor, but there is only one per city of those, so the waiting list is too long. I would stick to the Real Estate and not wait for the mayor spot...afterall after retirement comes the final real estate deal, and I CAN wait on that.

Wednesday, May 14, 2008

And Now a Word from Jim Brown of First Investors (Belmont)

Mortgage rates have remained relatively stable with a slight bump yesterday due to the increase in the T-Bills. Jumbo pricing has gotten alot better so that should
bring the Jumbo market back into play somewhat. Keep an eye on the adjustables as there is starting to be a big spread on the conventional adjustables versus the fixed
rates. Yesterday we had 5.25% with no points on a 5/1 year ARM. These adjustments
should make purchasing more attractive to borrowers. Be aware of the lenders who are adjusting for declining markets as we have lenders who are going solely on DU
conditions which does not require an adjustment. We can do 95% financing on purchases for singles even in a declining market.

Just wanted to tell everyone to keep the community homebuyer program in minds which
provides a lower downpayment and easier loan qualifications. We have a program
For:
1 Unit 97% LTV
2 Unit 97% LTV
3 Unit 95% LTV
4 Unit 90% LTV
The max combined income is $108,000.00. This is a great program for first time homebuyers.
CONFORMING
30 YEAR FIXED
6.000% 0 Point
5.500 % 2 Points
15 YEAR FIXED
5.625% 0 Point
5.125% 2 Points

Conventional 5/1 ARM
5.375% 0 Points
4.500% 2 Points
JUMBO
30 YEAR FIXED
6.375% 0 Points
7/1 YEAR ARM
5.875% 0 Points
5.375% 1 Point
5/1 YEAR ARM
5.625% 0 Points
5.125% 2 Points
GIVE JIM a call with questions, scenerios, or pre-approvals
Jim Brown
President
First Investors Mortgage Inc.
MB0063
24 Trapelo Road
Belmont, Ma. 02478
Work # 617-484-8383
Fax# 617-489-4976
Email: jimbrown@firstinvestorsmortgage.net

Tuesday, May 13, 2008

Pass the Puck

Summer is coming, and I intend to be on the ice. If you are a parent with a skating kid, a parent who wants his kid to play hockey, a parent who lives in Belmont or Arlington, come join us on the ice this summer. Yes I HAVE ICE, lots of it for hockey kids. Hockey Summer '07 is now Hockey Summer '08. For an hour each week I won't be talking homes and plot lines, but rather zones and blue lines - actually I'll be shouting it. Contact me if you want your kid in (boys AND girls). Oh, by the way...beware, I use the Suzuki method here...parents will be forced to come out onto the ice and make fools of themselves.

Touch base with me for details... 617.470.8085

Monday, May 5, 2008

Living Quarters

I saw a "Utah" quarter this morning. It sends the mind in motion to that day a long time ago when, getting what turned out to be a "Delaware" quarter in my change, I complained to the clerk that the said coin was not United States and must be from some foreign clime -- say Cambridge. The clerk, nun-plussed, explained to me that the coin is from a new series, "Coins depicting the states in the order that they joined the Union," she said. "Delaware is the first one. I'm going to collect them."

I asked her how to get them and she said, "In change. Over the next NINE years. They will do this until 2008".

2008 sounded so high-tech and space age. So far into the future that is was "un-fathomable". Yet it turns out it was all a "nonce", the flick of a hummingbird's wing: it was no time at all.

What it IS, is nearly 1/3 of the way through a thirty year mortgage. And to that end, I contemplated the financial implications of two souls over these last years --a renter and a buyer. The renter has paid $1,000 a month (let us be generous and not factor rent increases) for those 9 years or $108,000 to "the Man". The "newby" buyer in 1999 paid 150,000 for his modest home. He pays 800 a month in a mortgage and 200 in taxes and insurance. He has paid $71,000 in interest and $21,000 in taxes. That is $13,000 in tax savings (money not given to Uncle Sam). He has paid himself! (yes!) $15,000 in the form of the principle on the loan. And -- his property is worth about 25% more, or, conservatively, $35,000 more.

The numbers speak for themselves. I invite you to speculate in YOUR corner of the world. In my corner, The renter has spent 108k; the owner has lived in the home and is -- balance "sheetwise" -- $63,000 wealthier for the same cash out efforts.

That's 252,000 quarters. Now, if you can find a "Hawaii" in there, I'll be happy to trade you a "Utah".