“Mansionizing” Belmont Heights?

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Have a thought or idea about what is happening in Belmont Heights?

Most people have noticed the flux of newly built houses on top of torn down cute little original bungalows Belmont Heights. Whether you like it or not, it is happening and a new crop of homes are replacing older ones that made Belmont Heights so unique.

The Belmont Heights Community Association will meet tonight at 7 p.m. to discuss the impact of what is now termed: “Mansionazation” in the area.

The association is not saying it is for or against but is conducting this meeting after several residents raised concern that these homes often time clash with the typical cache of our area. For instance, when you have a cute street filled with adorable vintage 1920s bungalows and Spanish Revival, one house is torn down to be rebuilt by a huge, filling every square foot of the lot house that borrow from Spanish Revival, Italian Renaissance, Mediterranean and more modern styles in the likes of Orange County, does it deface the original charm of the area? How are the other homes next door affected?

These are all valuable questions and I look forward to hear residents input.

See you at 7 p.m. at the Fremont Elementary School Auditorium at the corner of Fourth and Termino. If you have any questions, please contact: Maureen Neely at 562-438-4687

Seeking Alpha, Seeking Real Estate News

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If you have never been to Seeking Alpha, go there! It’s a great source of information and usually well written and stays away from the FUD (Fear, Uncertainty and Doubt) most other news love to toil with.

You can go to Seeking Alpha to find many well written article on Real Estate, Mortgages, Home Builders and International News.

More Gloomy Investment Reports

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Every week it seems, we read about new gloomy reports but this one surprised me a little until I gave it some thoughts. According to Fidelity Investments, home equity won’t be a significant portion of your retirement funding. It makes sense in some ways.

Numbers recorded from the mid-60s of home appreciation show homes have apreciated country wide at anywhere from 1.5% to 3 yearly. If I take into my ETF (Exchange Traded Fund) portofolios who made between 10% to 12, it pales in comparison. However, it wasn’t always the case as was a few years ago when home appreciation went wild.

The study focused on stocks and bonds over every five- and 10-year period from 1963 to 2005.

It makes for an interesting read and should help a few wonder how to diversify their assets. Remember that important investment word, “diversify”?

Here is a link to the article.