Tag Archives: news

The Front Porch – Curtis Park, Sacramento and Beyond

[This was an article I wrote for a monthly newsletter I used to produce for my neighborhood (Curtis Park) each month.  A friend of mine inspired me with his writings “The Relevance of the Front Porch for a Community” to re-post my article.

[this is from “The Front Porch” March 2006]IMG_4380

Some of you have asked me about the significance of the news letter’s name.  The name, for me, evokes a feeling and concept that many of our homes already have built in – namely the front porch.  The front porch can be the equivalent of an outdoor sitting room, a place for discussion and relaxation.  As I walk the streets of our neighborhood I see people cooking/barbequing, reading, children playing, writing and even business being done (with the advent of wireless technology) on the front porch.  You might catch some just sitting, gazing at the street or in the trees, entertained by a bird or squirrel.  The front porch welcomes the passer-by, and invites conversation between neighbors.

IMG_4382The word “porch” originally derived from “the Latin word porticus, or the Greek word portico, both of which signify the columned entry to a Classical temple”(Kahn 1).  As history unfolded and the Middle Ages arrived, the porch came to represent a cathedral’s vestibule, “where worshippers could gather to socialize before and after the service”(Kahn 2).  By Victorian times, the word “porch” became interchangeably used with the words “veranda,” “piazza,” “loggia,” and “portico,” each of which could connote individual meanings.  From this period until the second half of the nineteenth century, “the word ‘porch’ itself most often described a small, enclosed vestibule or covered rear entrance” (Kahn 1).  At this time, at the end of the nineteenth century, the word “porch” began to represent its present meaning. This meaning, in its American sense, generally refers to a “roofed, but incompletely walled living area”(McAlester 52) contiguously attached to the frame of a house. Generally, in America, this area would be found attached to the front of a house, offering a covered and shaded area for an array of uses and would be known as the American front porch.

Between the rise of the front porch in the middle nineteenth century and its decline in the post World War II era, the front porch developed a cultural significance. It represented the cultural ideals of family, community, and nature.IMG_4381

The new technological development of air conditioning further aided in the decline of the front porch. Providing a cool environment indoors, the front porch was no longer needed as a cool shaded area during the day or as a place to enjoy the cool night air. Families remained indoors comfortably, and a primary use of the front porch was no longer needed. Air conditioning, in a sense, also contributed to another technological development which would affect the front porch: the television. The television, which could exist only inside, provided endless hours of entertainment indoors. As a result, family life shifted from the porch to a family room or TV room, where families could watch the evening news, sporting events, or the early sitcoms, all while enjoying the newly invented “TV dinner.” No longer would families relax outside on the front porch.

Some of our friends, who live in the “burbs,” lament, “Our neighbors just open their garage, pull in, and you never see them – Or, “Everyone hides out in their backyard.”  And, “We still don’t know many people on our street, after all these years.”  Notice what might be missing from these homes… the front porch or at least the “front porch attitude.”  Granted, this home feature will never guarantee a gregarious disposition in life or an abundance of neighbors who are open and friendly, however it does give us a head start.  Why do you think the street side café or coffee shop with outdoor seating will always be a hit?  It’s for the same reason why front porches exist.  Is yours lying dormant?  You may not be the one who throws a block party or is best friends with everyone on your street, yet you may try dusting off those beautiful Adirondack chairs (or whatever furniture you have – pull out a folding chair, it doesn’t matter) and become a part of the front porch culture.

A while back, I received an email from a friend in the community saying, “I came by to visit today, but you were not home.  Hope you don’t mind, but we just sat on your front porch for a while and enjoyed the neighborhood.  We may be back soon, even if you are not home. J  Thanks! “

While my day job consist of real estate investing, property management, and real estate consultation, I hope to also be one who helps draws the community together.  So whether you have one or not, you can still enjoy the ethos and attitude of the front porch.

See you soon, walking by or enjoying a beverage … on the front porch.

McAlester, Virginia and Lee. A Field Guide to American Houses New York: Alfred A. Knopf, 1996.

How walkable is Sacramento? Handy tool when buying Real Estate

There is a lot of talk around this issue of walkability, especially in Sacramento’s urban areas.  A friend of mine said to me the other day, “If I were to move, one of my criteria is that I have to be in walking distance to a bakery,” as donuts were the topic of our provocative conversation.  I am fortunate, there are several bakeries in walking distance from me (Freeport Bakery and Marie’s Donuts just to name a few).

You probably already know the answer to this question, but check out this website to walkscore.com and see where your neighborhood ranks.

For kicks I typed in my address (thinking our neighborhood is very walkable) and came up with a score of 69 out of 100 = “somewhat wakable.”  So I then typed in a  friend’s address who lives in Natomas… as imagined 43 out of 100 = “car-dependent.”  Our old home in Boulevard Park/Midtown gets 86 out of 100 = “very walkable.”

A fun and interesting website, especially in light of our changing cultural values when it comes to how we view our planet.  And, as fuel prices increase, cities become more dense, and as people realize their longing for community, this “walkability measure” will be even a larger factor when buying a home.

Tax Credits for Energy Efficient Home Improvements

Heads Up! The American Recovery and Reinvestment Act of 2009 allows tax credits for energy efficient home improvements. The offer for credits began on January 1, 2009 and runs for two years.

The new rules give you through December 31, 2010 to qualify. The maximum credit is now equal to 30% of the first $5,000 spent on high-efficiency improvements. I found more info on this at www.energy.gov/taxbreaks.htm.

Four years ago, Congress passed the Energy Tax Incentives Act of 2005 for purchases made in 2006 and 2007. The good news is that even if you took advantage of tax credits then, you are probably able to benefit again. I believe this is certainly worth a look.

Market Update in Sacramento Real Estate

LOCAL MARKET UPDATE

Here are the most current & accurate real estate statistics — specifically for our area. We saw a 17% increase in residential home sales in April, 2009 compared to April last year. 65% of all sales in April were “Bank-Owned Foreclosures”. This is a significant and quick decrease in the percent of sales that are “Bank-Owned”. Typically, at least 75% of the sales each month have been “Bank-Owned” for the past year. Another significant and quick change is the amount of listing inventory. Comparing April, 2009 to April, 2008 — there is a 37.6% decrease in number of houses for sale on the market. This has changed our supply and demand situation drastically. However, we expect this situation to change back to more of a buyer’s market again soon. Here’s why; there has been a moratorium on bank-owned property. We have been told that the banks will lift their moratoriums and start releasing foreclosed properties over the next four months, which will increase listing inventory again. Does that mean you should wait for more inventory if you are a buyer? No, and here’s why. Last week we saw a 1/2% interest rate increase on home loans. That is equal to $75 per month increase in a mortgage payment on a $200,000 loan. There is currently more than enough inventory to find a great house before rates go up again. Buyers – don’t forget about the $8,000 Tax Credit. You must close escrow by November 30th to qualify.

NATIONAL MARKET UPDATE

Spring is traditionally the home-buying season. True to course, existing home sales rose in April with strong buyer activity. From March to April, sales jumped up 2.9%. Who are the buyers? According to a National Association of Realtors’ survey, 60% are repeat buyers, entering the market to take advantage of the low interest rates, good inventory and more affordable prices. 40% are first-time buyers. First-time buyers as well as buyers who have rented for 3+ years also have the added incentive of an $8,000 tax credit offered by the federal government. Where are the sales? Regionally, home sales last month rose 3.5% in the West, 11.6% in the Northeast, 1.8% in the South, and slipped 2.0% in the Midwest. According to Lawrence Yun, Chief Economist for the NAR, buyers today are attracted to lower priced homes found in California, Nevada, and Florida. Yun forecasts that home sales in the second half of 2009 will be 10 – 20% higher than in 2008. Now may be your time to consider moving. Even if the selling price of your home is lower than expected, that price must be weighed against the opportunity to get an excellent price on your new home, plus the possibility of securing a better tax base. Let me know if you want to meet and talk. I am here to serve your real estate needs.

2nd Saturday Art Walk in Midtown Sacramento

Most of the locals have check out the 2nd Saturday art scene.  We use to live in Boulevard Park and would walk down to J Street before our kids came on the scene (I say that because with little ones, many things in life get shelved for a while).  Five to seven years ago this event was pretty minimal.  It seemed to be a seasonal secret to the die-hard locals who enjoyed art and free, cheap wine.  You might see a group of 5-6 friends walking from gallery to gallery, store to store, but never the throng of people seen out today.  The idea definitely had shallow roots and buy-in.  Who would have thought that this event would mushroom into what it is today?

Now, especially when the weather is not too hot or cold, there are hords of people how flock to the streets just to be in the middle of Sacramento’s burgeoning cultural scene.  Last time we participated I saw bike taxis carting people around the streets… I thought to myself, “Huh, there must be some permanence to this thing – bike taxis are a sure sign, cause these guys would not be out here pedaling people around in heat if there wasn’t enough biz and money to be made…”

I’ll post some more pics soon so those who are not local can see the craze.

art walk.may 09 Here’s our 3 year old running and dancing inside an art exhibit on top of 1000’s of envelops.

robot.luke

One artist in an alley-art-show made a bunch of kid-sized robots out of junk and car parts.

drew posingOur 5 yr. old is posing on the wall of Capital Dawg (our favorite Midtown hotdog spot – the owner is an east coast transplant [maybe Boston?] who is crazy about his hotdogs)

The Best Time to Buy/Invest in Sacramento Real Estate

1) Right now Sacramento consumer confidence is on the rise.

2) The interest rate is extremely low (about 5%, maybe lower).  And everyone predicts that it will not stay this low, and in fact may skyrocket (according to Obama, as we continue to borrow from other countries).  As the interest rates go up, even if the prices go down, this will take many potential buyers out of the market.

3) One report shows that the housing affordability index is the best it has been in 40 years.

Call me or write if you want to see the numbers OR discuss your scenario.