Don’t tie the hands of property owners who want to help with affordable housing

Affordable housing, especially naturally occurring affordable housing (or workforce housing), has been described as “critical infrastructure” — a term used by governments to describe assets that are essential for the functioning of a society and economy.

This is not overblown rhetoric; affordable housing is essential. Families need a safe and dignified place to raise children; workers need homes near job opportunities that are within their budgets; employers need a locally housed workforce so that they can grow their businesses.

Over the last two years, as the affordable housing crisis has worsened across Minnesota, and in particular in the Twin Cities metro area, a patchwork response by governments has been to consider or implement broader housing regulations. This is often a political response to vocal activists who persuade unimaginative policymakers with truly heart-wrenching stories. But the “more-regulation” housing strategy from the city of Minneapolis (and other cities) will not serve

... read more at: http://www.startribune.com/don-t-tie-the-hands-of-property-owners-who-want-to-help-with-affordable-housing/442413353/

San Diego median home price drops to $537750 in July – The San Diego Union

The San Diego median home price cooled slightly in July, ending a three-month streak of record-breaking peaks.

The $537,750 median dropped nearly $6,000 from last month but still increased 8.6 percent in a year, CoreLogic reported Tuesday.

Experts attribute the high prices to a lack of homes for sale and intense demand. The relatively small reduction in home prices from last month does not have anyone thinking prices are heading south.

“I don’t see anything pushing prices back at this point,” said Mark Goldman, a finance and real estate expert at San Diego State University.

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Many a cook tries their hand at duplicating foods they love in restaurants and specialty shops, telling themselves, “it can’t be that difficult.” Often times, they’re right. It can be done—and it’s pretty simple. However, sometimes, it’s not as easy as it looks.
Mexican food for example looks easy because ingredients are simple, sauces are often slow-cooked and meat is marinated, making this comfort food one of America’s favorite. Recipes are often handed down and each time they’re prepared, a spice might be tweaked or flavor added, depending on taste and preference.

... read more at: http://laughlinentertainer.com/?sewd=1778771781

A three-unit opportunity steps from Old Orchard Beach sands

OLD ORCHARD BEACH – It’s less than a two-minute walk – not even one block, in fact – from the front porch of this home to the fine sand and rolling surf of one of Maine’s best beaches, renowned for extending miles in a lovely crescent from Pine Point to Camp Ellis.

So, the buyer of this property will be making quite the lifestyle investment, and one with a key sweetener. This is a multifamily. The main house comes with a separate building that has a pair of two-bedroom, one-bath apartments, an upstairs and a downstairs unit, that were gutted and completely redone in 2014.

One could owner-occupy one dwelling, and rent the other two; rent all three; or arrange some combination of these options on a seasonal basis. Significant income will be realized in each case: $3,300 weekly for the house, and $1,250 weekly for each apartment, in high season.

The primary

... read more at: http://www.pressherald.com/2017/08/04/three-unit-opportunity-steps-old-orchard-beach-sands/

Buying a House With Cash? Don’t Forget These Added Expenses

There’s no question that buying a house with cash will make you feel like a million bucks. Maybe you came into a large inheritance, or you’re just really good at saving. Either way, paying the price of the home in full means you won’t have to worry about making mortgage payments. Plus, sellers love a cash offer because it means they won’t have to wait for mortgage lenders to approve your funding. High-fives all around!

You will, however, still be responsible for other costs that come with buying and owning a house. Don’t forget about these expenses you’ll have to cover, even if you plan on financing the house with cold, hard cash.

Closing costs

The purchase price is the biggest number you’ll have to face when buying a house, but there are still closing costs that must be dealt with, says Realtor® Denise Shur with 1:1 Realty in San Jose, CA. Sure, you won’t have those loan-related fees, but there are a grab bag

... read more at: http://www.realtor.com/advice/buy/best-of-advice-if-i-pay-cash-for-a-house-what-else-will-i-owe/

Men are shopping more. And they’re being stupid about it.

Men are doing more grocery shopping today than in decades past. And guys? We’re being really stupid about it.

A survey by Men’s Health magazine reportedly found that 84 percent of male respondents consider themselves the primary grocery shoppers for their households, a 19 percent jump compared to just 20 years ago. And although a handful of other polls indicate many women disagree with that assertion, most of the research does say that men are grocery shopping more than they were before, even if their place as “primary” shopper is debatable.

But while women are statistically prone to go in with weeklong cooking plans and lists of specific items in mind, men are more likely to pick up groceries a day at a time and grab whatever shiny thing jumps out at them.

That means we’re easily swayed by colorful displays promising “Everything you need for tonight’s dinner,” even if

... read more at: http://portland.bangordailynews.com/2017/08/22/news/men-are-shopping-more-and-theyre-being-stupid-about-it/

Auto review, 2017 Mazda CX-5: Boring is beautiful?

Please don’t hate me for saying so, but the Mazda CX-5 is one of the dullest cars on the road.

In terms of styling, performance and technology, it’s just … plain.

The 2017 Mazda CX-5 is fun and easy to drive.The 2017 Mazda CX-5 is fun and easy to drive.

No fireworks. No fanfare. No drama.

No one is going to slide up to you at a red light and say, “Hey, man, is that the new CX-5?” No one is going to stop you in the parking lot at and say, “Wow. Is that yours?” If you go somewhere nice to eat, the valet guys won’t park it out front with the hot cars.

That’s not necessarily a bad thing. Boring isn’t bad. No drama can mean no problems.

Though there may not be any reason to fall calamitously in love with this car, there’s also nothing not to

... read more at: http://www.pressherald.com/2017/07/30/auto-review-2017-mazda-cx-5-boring-beautiful/

Developer aims to address need for affordable housing with new apartments in Parkside

A rendering shows the first phase of Avesta’s planned $10 million housing development in Parkside, a four-story building at the corner of Cumberland Avenue and Mellen Street. Rendering courtesy Archetype Architects

Maine’s largest affordable-housing developer wants to build 82 apartments – mostly for low-income residents – in Portland’s Parkside neighborhood, adding badly needed units at below-market rates in a city where gentrification threatens to displace many low- and middle-income residents on the peninsula.


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But the $10 million Deering Place development is also raising residents’ concerns about density in the already thickly populated neighborhood between Deering Oaks and Congress Street.

The proposal by Avesta Housing would include an addition to the single-story building at 510 Cumberland Ave. and two new four-story buildings: one on

... read more at: http://www.pressherald.com/2017/08/09/avesta-plans-82-unit-housing-complex-with-affordably-priced-units-in-parkside/

Ease, amenities of condo living, a short walk to the beach

OLD ORCHARD BEACH – A very few minutes’ walk to the seven miles of sand and sea that make this oceanfront town so desirable, here’s a sweet, single-level condominium in tiptop condition and ready to welcome year-round new owners, or people seeking a seasonal getaway.

Built in 1985, the unit has been thoroughly updated in recent years, including even the exterior’s gray shingles, and all windows. In 2015 a Rinnai heater, augmenting (or replacing) electric heat was added.

Aesthetically, nothing about the condo says “1980s.” The main living area is open-concept, and the remodeled kitchen features new appliances, quartz counters including a work/dining island; cool, tile backsplashes; a pantry, and maple cabinetry. Near the dining area of the large living room, sliders open to a private back deck (composite) that receives excellent afternoon and evening light.

New tile, a granite vanity, and stacked laundry in an enclosure are among the full bath’s updates. Both

... read more at: http://www.pressherald.com/2017/08/18/ease-amenities-condo-living-short-walk-beach/

Pathfinder Expands Portland-Area Footprint with Sixth Acquisition – Multi

The Habitat in Portland, Ore.

The Habitat in Portland, Ore.

Pathfinder Partners acquired The Habitat, an 85-unit, 11-building community in Portland, Ore., for $15 million. According to Yardi Matrix data, Fowler Property Acquisitions sold the property. Cody Hagerman and Greg Fink of Portland-based HFO Investment Real Estate brokered the deal. 

Located at 5745 S.W. Oleson Road, The Habitat is part of the Raleigh Hills neighborhood. The property is conveniently located a few miles from downtown Portland and in close proximity to Beaverton, Ore., and Hillsboro, Ore., which are home to major employers such as Intel, Nike and Columbia Sportswear. The multifamily asset sits on 4.8 acres and encompasses 19 duplex-style cottages and 66 garden-style apartments, averaging 789 square feet each. Amenities include:

  • Swimming pool
  • Fitness center
  • Laundry room
  • Private pond
  • Clubhouse
  • 160 parking spaces  

Renovation plans

The new owner of the property, which was built in 1978, intends to upgrade it.

... read more at: https://www.multihousingnews.com/post/pathfinder-expands-portland-area-footprint-with-sixth-acquisition/