Posts Tagged ‘blog’

Arctic Terrorists

Sunday, January 10th, 2010

It’s an arctic jihad.  And we’ve got proof!

The weather the last couple months has been, well, extreme.  Just look at the facts.  The resort town of Whistler, British Columbia received an incredible 18 feet of snow in November.  That’s November, mind you.  That’s 216 inches of the white powder and nearly four times the November average of 58″.  In fact, it’s nearly 20% more snow than the snowiest month ever at Whistler.

In England, it was as low as 7 degrees Fahrenheit this week.  There has been snow in Madrid, Spain and Paris, France.  Temperatures in Alabama and Mississippi have been in the teens.  In Florida, the orange, grapefruit and vegetable crops are threatened with huge die-offs due to temperatures in the 20’s.  The poor iguana’s are freezing to death and dropping out of the trees.

Even here in southern New Jersey, where we’re surrounded by the Atlantic Ocean and Delaware Bay and the influence of their relatively warmer water temperatures, it was 9 degrees Fahrenheit this morning.  Heck, some winters we don’t even have to wear a winter coat.  For the past six weeks, my winter coat has been my best friend.

We were optimistic this autumn when meteorologists reported an El Nino was warming the Pacific Ocean.  That means a warm winter, doesn’t it?  But they are attributing this excessive cold and snow to an “Arctic Oscillation”.  Yeah, right, whatever that is.

Anyway, we received an email this morning from my old friend Icky Kitikmeot, an Inuit eskimo living outside Cambridge Bay on Victoria Island in the Northwest Territories of Canada.  He shed a light on this entire weather thing.

It seems Icky was out muskox hunting last week about 250 miles north of the Arctic Circle when he came across a valley lined with giant fans.  He lost count there were so many.  Stealthly sneaking up to a pre-fab quonset hut, he couldn’t believe his eyes.  Inside were dozens of men of apparent Middle Eastern descent.  Icky laid quietly for hours, listening to their conversation.

It seems that they were definitely Al-Qaeda or something, and their goal was to disrupt next month’s XXI Winter Olympic Games in Vancouver and Whistler, and at the same time cause havoc in the empirial Western World.  They laughed about the 14,000 fans they had positioned on Victoria Island that were blowing the dickens out of us infidels in North America and northern Europe.

Thanks to Icky, I’m about to alert our U.S. Department of Homeland Security about this situation.  Think they’ll issue a “level white alert”?

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

Cattle are the Problem

Saturday, January 9th, 2010

As Easterners, many of the problems of public lands in the West go right over our heads.  I guess it’s a NIMBY thing.  You know, Not In My Back Yard.  Since the issue isn’t in our backyard, we give it little thought.  We should.

The federal government, especially the Bureau of Land Management (BLM), institutes policies that are decimating the herds of wild horses and burros in the West.  Since 1971, the BLM has “removed” 270,000 wild horses and burros from federal lands and taken away 20 million acres of their range.  That leaves just 37,000 animals remaining, but another 12,000 are slated to be “removed” in 2010.  The preferred way of rounding up these majestic beasts is to chase them with helicopters – freaking them out in the process and separating mothers from offspring.

Bison are another victim of government interference, this time mainly the State of Montana is the culprit.  There is a well-spread myth that the Yellowstone bison – if they wander out of the National Park – will spread brucellosis to cattle.  The problem with that argument is that there has never been a documented case of that happening.  Never.  And the cattle in surrounding areas are all vaccinated against brucellosis anyway.  That still hasn’t stopped State of Montana-hired riflemen from slaughtering 6,631 Yellowstone bison since the winter of 1985-’86, including 1,616 in ‘07-’08. 

 

So what is really behind all this genocide of certain species?  You guessed it – Western ranchers and the cattle industry.

There are 31,000 ranchers in the West who are utilizing 260 million acres of federal land (yes, you and I own it) to graze their cattle.  And they pay a pittance for the opportunity.  The cost is just $1.92 per Animal Unit Month (AUM).  An AUM is defined as a cow and calf or 5 sheep or a horse.  In other words, a cattleman pays $23.04 per year to graze a cow and her growing calf.  No wonder it costs $52 million more per year in administrative costs than is collected in fees.

Cattle are not easy on the federal lands.  They overgraze the land, leaving behind the undesirable weeds.  They trample vegetation and compact the soil, causing erosion and soil loss.  They foul streams and wetlands with fecal matter.  With the BLM issuing 7.8 million AUM’s a year and the US Forest Service another 6 million AUM’s, you can imagine the impact of nearly 20 million non-native cattle on the environment.

There’s another cost.  Each cow produces 600 liters per day of methane.  That releases the yearly CO2 equivalent of burning 418 million gallons of gas or 19,263 railroad cars of coal.  Yikes!

So what is the bottom line?  Western cattlemen feel that it is their right to have nearly exclusive use of federal lands for their benefit.  Wild horses and burros and bison be damned.  And so the powerful cattlemen lobbyists pressure Western Senators and Congressmen and Governors to make sure that these animals don’t consume feed that they feel is for their cattle.  The same mentality leads to the shooting of coyotes, wolves, mountain lions, etc. in the name of protecting their precious cattle.

Something is wrong here!

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

The Decline of Sports

Friday, January 8th, 2010

I don’t usually write about sports.  Well, that’s not exactly true.  Let me rephrase that – I don’t usually write about sports on this blogsite.  I am a retired sportswriter, having penned over 5,000 articles from 1991 through 1999.  That’s about 1.4 articles a day, every day, for nine years and eight months.  But, that’s in the past.

Anyway, allow me to make some observations about sports.

Sports on television are being started too late in the evening.  Last night’s college football championship game between Alabama and Texas started at 9:38pm Eastern time on a Thursday night.  None of my buddies stayed up that late, nor did I.  Our bedtimes are around 9:00.  The same goes for kids, which are the future of sports viewership.

Forget the West Coast.  Put games on at 7:00 Eastern, and let the Left Coast folks watch it at 4:00 in the afternoon.  That makes a lot more sense and would definitely multiply viewership amoungst the old guys and young kids.  Plus, guys in California would have a great excuse to leave work early to catch a World Series baseball game, NBA final, and so on.  When I lived in SoCal, I loved to get up on a Saturday morning in the fall and flip on a Penn State football game at 9am.  That was great.

The pro sports seasons are waaaaay too long.  Hockey starts in October and ends in May, the World Series ends in November, the NBA wraps it up in mid-June, and the Super Bowl is in February.  Give me a break!  By then, only the diehard fans give a hoot.  The casual fan is on to other things.

And yes, you guys ARE role models.  Stop the denials.  Kids look up to you, and you teach that it  is alrght to be moody, disrespectful, not a team player, and, sadly, even a felon.  Growing up, my sports heroes were guys like Sandy Koufax, Johnny Unitas, and Jerry West.  They were squeaky clean, the proto-typical All-American boys.  They didn’t carry guns, get in brawls, and beat their wives, unlike many of today’s “idols”.  And then there’s Tiger Woods, who let down an entire generation of kids.

As far as sports for kids on a participation level, that too is slipping.  The reason?  Parents.  It seems like every parent knows more than the coach.  And the umpires or referees.  How often do you read of a parent assaulting a coach or ref?  Too frequently.  Other parents scream at them the entire game.  What message does that send?  It’s no wonder that so many kids start dropping out of sports as they progress through school. 

Kids want to play sports for the love of the game.  They love the crack of the bat, the smell of a baseball glove or pigskin, the swish of a basketball net, or crunch of hockey skates digging into the ice.  The sounds and smells and comradie of sports make it what it is.

So, as we age, we continue with sports by living vicariously as a spectator, rather than an athlete.  But who can afford to take the wife and two kids to a game and shell out $500 for tickets and food?  So we resort to TV and these ridiciously long seasons and late night games and infinite commercials.

It’s discouraging.  Joe DiMaggio, where have you gone?

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

Atlantic City Woes Continue

Thursday, January 7th, 2010

Pennsylvania Governor Ed Rendell’s expected signature today on a bill to allow table games in addition to its existing slot machines is another bit of bad news for Atlantic City.  The bill passed the state Senate 28-22 previously and the Assembly 103-89 yesterday.  Rendell threatened to layoff 1,000 state workers if the bill wasn’t on his desk by tomorrow (Friday, Jan 8, 2010).  That got legislators moving.

Pennsylvania will now permit up to 250 table games in larger casinos and up to 50 in smaller resort casinos.  Table games are poker, baccarat, blackjack, roulette, craps, and similar games of chance.  The cost of licensing is $16.5 million for the large casinos and $7.5 million for resort casinos, which is a drop in the bucket in the scope of the big picture.  The 14 casinos in the state should add an additional $250 million per year to state coffers.

Atlantic City, the No.2 casino city in the United States after Las Vegas, has seen reduced revenues for over a year, putting an added strain on New Jersey’s already bloated budget deficit.  The monopoly Atlantic City once enjoyed on gambling on the East Coast is ancient history.

Connecticut has three Indian casinos that allow slots and table games, making them the first to cut into Atlantic City’s lucrative market.  West Virginia was next, first having slots at two dog tracks and two horse tracks, then adding table games in 2007.  They recently granted a full gambling license to the infamous Greenbrier Resort in White Sulphur Springs.

Delaware has one poker venue in Wilmington, plus video poker and slots at the three “racinos”, as they call their race tracks with legal gambling.  It won’t be long before table games are installed in each of the sites.

So what is Atlantic City to do?  They will lose much of their Philadelphia area gamblers once the table games open next November or so.  Delaware’s table games will debut around the same time.  No doubt entrepreneurs will add restaurants and resort hotels near the casinos, further damaging Atlantic City’s bottom line.

Atlantic City will need to take advantage of what it’s already got for the dozen casinos, employing 36,000 workers, to be profitable.  That means marketing non-gaming venues.  Upscale, fashionable restaurants with trendy surroundings are already a big draw, as are the 200 retail, brand name, and outlet stores.

Atlantic City also has big name entertainers going for it.  Not a night goes by that the city doesn’t feature a dozen acts targeting every age group.  Glitzy, nouveau nightclubs, with a regular parade of celebrity sightings, is turning AC into a mecca for the 21-40 year old crowd.  And they have bucks to spend.

AC also offers championship boxing matches, plus those new martial art/kick boxing/in-a-cage fights.  There’s also college basketball, including the Atlantic 10 tournament each March.

Last but not least, there’s the beach.  Geez, no other casino in neighboring states has the sparkling white sands and bikini babes.  And the beach is a great place to watch an air show or fireworks or lifeguard competitions or throw a frisbee or ….

Well, maybe Atlantic City should be saying, “Reports of my death are greatly exaggerated.”  Time will tell.

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

Words are Supercalifragilisticexpialidocious

Wednesday, January 6th, 2010

Isn’t the English language “supercalifragilisticexpialidocious”.  That 34 letter word, sung so handsomely by Julie Andrews and Dick Van Dyke in the movie Mary Poppins, means wonderful.  It is the longest non-medical, non-technical, non-foreign word in the English language.  Did you get all that?

Well, that is unless you consider it not really a word, since it was made up by the two brothers who wrote the song for the Disney movie.  In that case, the longest word is “antidisestablishmentarianism”, at 28 letters.  Can’t you remember back in the 1950s or ’60s being so smug because as an eight year old you knew the longest word in the English language?  That tongue twister originally meant, basically, opposition to the proposal to disestablish the Church of England.  Yikes.  Not to be outdone, some folks have added “pseudo” to the beginning of the word to stretch it to 34 letters.

In the category of English place names, there’s an 85 letter word for a certain hill in New Zealand.  I won’t bother typing it.  The two longest words in the entire English language are, well, a bit extreme.  There’s a 189,819 letter word that is the chemical name for a protein.  And the overall winner is the 280,000 word name for DNA, that molecular structure that embodies life.  The word is so long that it reportedly has never been written.  Duh.

We certainly have come a long way from the days when cavemen pointed and probably said, “Ugh”. 

The evolution of our civilization is directly tied to the evolution of our sophisticated language.  As communication became more effective, humans could interact better and progress was made.  Of course, earth still had to endure millenia of slavery, savagery, and wars, but in the end things got better because we became better communicators.  Ideas were able to be passed from one generation to the next, with each generation improving on the past.  Socrates taught Plato, who taught Aristotle, who taught Alexander the Great, and so on.  Later on, Leonardo da Vinci was followed by Copernicus, who was followed by Galileo.  Continuing the procession of ideas and thought, Darwin was followed by Einstein, blah, blah, blah.  You get the picture.

Without the continuing upgrading of language for the past 30,000 years, where would we be today?  Schools wouldn’t exist, teachers wouldn’t teach, there would be no books, no pencils, no computers.  We’d still be hunter-gatherers, living in small clans and wandering the land.  Life would be eat or be eaten, stay warm or perish.

So as you read this, contemplate the 600 generations that improved communication.  We exist as we do because the human spirit strived to be better.

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

New Jersey Entices Solar

Tuesday, January 5th, 2010

New Jersey has the reputation of being one of the most business-unfriendly of the 50 United States.  It’s well deserved.  They did it the old-fashioned way – they earned it!

But solar power is the exception.  New Jersey is mandated by the state’s Energy Master Plan to provide 20 percent of its energy through renewable sources by 2020.  To reach that lofty goal just 10 years away, the state is offering monetary incentives to get it done.  And alternative energy providers are lining up to cash in.

The state set up a system whereby solar systems – whether at a private residence or a commercial site – can earn Solar Renewable Energy Certificates.  Each 1,000 kilowatt hours of energy produced earns the provider one credit.  These credits are currently selling for just under $700 apiece.

The buyers of these energy credits are the utility companies, which are the ones under the gun to supply 20 percent renewable energy.  If a utility doesn’t meet the 2020 goal, they will be penalized with a Solar Alternative Compliance Payment.  So if they’re going to shell out the bucks anyway, why not go solar?  It’s good public relations and reduces dependency on coal, oil, etc and their associated price fluctuations.

There are currently over 50 renewable energy projects on the drawing board in New Jersey.  As more farmers and large landholders become aware of this new income source, more and more projects will be planned in the Garden State.  The key is for the solar farm to be located near high transmission lines, which makes getting the electricity they produce easier and less costly to get on the grid.  And besides getting paid via the credit system, the providers also get the current rate per kilowatt.  It’s win-win.

There is one caution to anyone thinking about having solar panels installed at their property.  Since this is a fairly new and lucrative business, a lot of inexperienced and unqualified companies are looking to install your solar system.  Like anything, get quotes from at least three companies and ask for references and about projects they have already completed.  Be careful and choose wisely.  After all, this is New Jersey!

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

Distressed Properties Affecting Appraisals

Tuesday, January 5th, 2010

There are typically three main issues that can stop a potential real estate transaction dead in its tracks – the home inspection, the mortgage approval, and the appraisal.  Let’s talk about appraisals.

The problem with appraisals in today’s real estate market is that properties sold via a short sale, sheriff sale, or foreclosure are being used as comparables when evaluating the price of a regular home.  About 25% of realtors have had a sale fall apart because of a low appraisal.  The National Association of Home Builders reported that 25% of their new home sales likewise were shot down by low appraisals.

In 2009, over one third of all home sales nationwide were either foreclosures or short sales.  A short sale, of course, is when a lender let’s the property sell for less than the amount of the loan, figuring its better to unload the property quickly, get some cash, and move on.  These properties, on average, are selling for about 25% less than a property not in distress.

In an appraisal, the appraiser uses an approach in determining value by comparing similar recently sold properties in the same area.  Allowances are made for differences, such as more or less bedrooms, a detached garage, swimming pool, etc.  In a normal real estate market, where foreclosures are rare and short sales nearly unheard of, this is an effective method to determine true value.

But in today’s topsy turvy real estate market, appraisals show no differentiation in a distressed sale vs non-distressed sale.  And therein lies the problem.  They are, after all, two different markets.  And so, the family that always paid their mortgage is being penalized because their property is being weighed down by those that didn’t or couldn’t handle their financial responsibilities.  Is that fair?

Buyers attempting to purchase a conventional property nowadays basically have three options when the appraisal comes in under the agreed upon price.  Either make up the difference in cash, get the buyer to lower his price, or do a cash-only deal (using a home equity if necessary).

Until the real estate world returns to normal, “appraisal” will continue to be a four-letter word to realtors, builders, buyers, and sellers.  Let’s hope the end is near.

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

No Repeat of Bubble Burst?

Monday, January 4th, 2010

As the United States slowly pulls itself out of the depths of the recession, many still wonder how it happened and whether it can happen again?  Good questions, and the answers all have to do in some way with real estate.

The biggest cause of the housing bubble was that the Federal Reserve and then chairman Alan Greenspan did not recognize what was happening soon enough.  But they took the course that seemed logical at the time and, after all, hindsight is 20-20. 

On the heels of the September 11 attacks, the Wall Street scandals, and the 2001 recession, the Fed felt that low interest rates were needed to get the economy rolling and to create jobs. And it did.  However, housing prices started to escalate at the same time and by 2003 they took off.  Here in Cape May County, New Jersey housing prices were rising 3% per month in 2004 and part of 2005.  That lasted for a year and a half as speculators bought everything in sight at interest rates in the 5 to 6 1/2% range.

The prices kept rising during that period because, let’s face it, few thought that they would stop going up.  Lenders and appraisers bought into the same scenario, so everyone just kept doing business as usual and moving the market along.  Folks got mortgages based on real estate values continuing to rise.  When they stagnated, then dropped, many got caught with their pants down.

Now as Ben Bernanke is up for his second term as Fed chief, the focus seems to be not so much on simply more regulations, but on more effective and smarter regulations to keep from another period of real estate speculation.  Through recent experience, the decision-makers are hopefully aware and prepared the next time that our economic freight train is in danger of running away.

Interest rates are still near historic lows and expected to stay that way, at least in the short term.  That has to be balanced with the threat of inflation, which would result in another possible recession.  We’ll have to see what the future holds.  We’ve got our fingers crossed.

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

A Realtor’s Sad Day

Sunday, January 3rd, 2010

Being a realtor has many rewards other than financial.  There’s nothing like finding a young couple their first home, helping them navigate through the various stages of buying a property that are still so alien to the inexperienced.  They’re thankful for everything along the way and often we become lifelong friends.

Here in Cape May County at the southern tip of New Jersey, we sell primarily vacation homes.  For many families that have worked hard their entire life, finally being able to afford this second home at the shore is the fulfillment of a dream.  We sell dreams.  It feels sooo good.

But there is another scenario for a realtor that is not so pleasing.  In fact, it is sad.

Here at Jewell Real Estate Agency, we have had several occasions where we have sold a home for an elderly person and moved them directly into an assisted living home.

Two of my favorites ladies were Helen Smith and Clara Carr.  Mrs. Smith – as I called her out of respect and she called me Mr. Jewell – had lived in the same single family home in Wildwood since 1953.  When I first met her and listed her home in 2005, her husband had been deceased for over 15 years.  He had built the home himself – with a small apartment over top – and Mrs. Smith was proud of her property, as she should.  The craftsmanship was nice, though the property was obviously outdated.

After a few months, we put the property “under contract”.  In 60 days, Mrs. Smith would be leaving the only home she’d known for over a half century.  She was upset, but knew that she was no longer physically able to maintain the property.  With no relatives close by, I offered to move the belongings she was keeping to the assisted living facility 12 miles away.  She was relieved and gave me a big hug.  We each had a tear in one eye.

When the big day came, I brought along two of my maintenance guys and two pickup trucks.  We moved her bed, favorite bureau and stuffed chair, an end table or two, and the few boxes of clothes and such that she had so carefully packed.  Her family had come from out of state to pick through her possessions and take what they wanted, so we then packed everything else in the house and took several loads to drop off at a charity.

We got Mrs. Smith settled into her new room on the second floor of the facility, patiently placing each piece of furniture and possessions exactly where she wanted them.  “A little to the left,” the 90-year old would request.  No problem.  I promised to visit her, then left.

Clara – she called me Doug – and I had history.  A few years prior she was still on top of her game and sharp as a pin.  We had belonged to an environmental group together and stood on picket lines holding protest signs.  Nothing stopped Clara.  She was right there along with the rest of us.

We sold Clara’s house in 2003.  She was being pressured by a daughter to come live with them in another state.  It was hard to say goodbye to my 75-year old friend and comrade.  It was also hard to see her give up most of her lifelong possessions knowing she would be limited to one room of space in her daughter’s house.

And so, a week after moving Mrs. Smith to the assisted living facility I returned for a visit  to see how she was making out.  We hugged and talked for an hour about her new home and the world in general.  Then she said, “By the way, I ate lunch with a friend of yours the other day.”  It was Clara.  I was dumbfounded.

A few minutes later I was knocking on Clara’s door down the hall.  We hugged and had a tearful reunion.  It turns out that living with her daughter didn’t work out, so having no other options she moved to this facility to be back in her hometown.  We talked for a couple hours and Clara hadn’t lost a beat.  She was still totally together in mind and body.

And so a couple years passed.  I would visit Mrs. Smith and Clara around Christmas and a couple other times a year.  Then one visit I discovered that Clara had recently had a stroke and her speech was difficult to understand.  Still, we were both all smiles seeing each other.

On my last visit, in 2008, I sat with Mrs. Smith first and we talked and talked.  I mentioned that I was going to see Clara next, but she warned me that Clara had gone downhill lately.  “Don’t be surprised if she doesn’t recognize you,” she said.  She was right.  Clara was totally confused when I entered her room and didn’t recognize me.  She might have even been a little afraid of this stranger.  I left, disheartened by the loss of my friend.

Mrs. Smith died two months later.  At 93, she was still mentally on point right up to the end.

It makes me sad to think of the loss of my two friends.  But because of being a realtor I had the opportunity to really get to know these wonderful ladies.  I cherish our memories.

- Mountain Man

http://www.MountainManandCityGirl.com

Good Realtors have Passion

Saturday, January 2nd, 2010

Like all our fellow realtors, we know that there are all different calibers of realtors.  But when you really think about it, what makes a certain percentage of realtors stand above the crowd is PASSION.

My wife Joyce and I opened our first office in 2000, then 10 months later opened a branch office.  Later this month will mark the 10th anniversary of us working six days a week – we try to take Wednesdays off together but often spend half the day on our cell phones – and answering our phones 6am to 9pm every day of the year.  Yes, I know what you’re thinking.  We must be crazy to be accessible 15 hours a day, right? 

But, you see, real estate is our life, our passion.  Our kids are grown and gone and now we have the freedom of a 20-something childless couple, although our combined ages is 120.  To avoid being kicked in the shins, I won’t say which one of us is older.

We are both early risers, so having our cell phones unplugged and turned on by 6:00 in the morning is no problem.  We find that many of our clients, stuck in rush hour traffic around Philly or NYC, make use of this time to call us and discuss the transaction we’re working on together or the properties they want to tour on the weekend.

Nighttime phone calls don’t crimp our lifestyle either.  Okay, we may be in the grocery store or a restaurant, but we’ve closed deals standing next to the broccoli and cauliflower display.  Our norm, however, is that we’re sitting on the couch together watching a cable movie or nature program.  Folks like to call us around that time after they’ve put their kids to bed and they finally have some quiet time.

In the warm weather months when the daylight hours last longer, we do have one other distraction in the evenings.  We jump in my pickup truck, select a town, and cruise up and down neighborhood streets seeing “what’s new”.  We notice new construction and homes newly put up for sale.  We talk about it like two excited teenagers.  And since the weather is warm, families are outside in their yards and we wave and our real estate signs on the truck doors get noticed.  More than once someone has waved us down to talk about the current real estate market.  That’s social networking in its purest form, I guess.

I know there are many, many other realtors across the country with passion for their trade.  Obviously, any realtor who takes the time to read and contribute regularly to Active Rain has that passion.  So do those who read the real estate trade magazines from cover to cover.  And those continually participating in some sort of continuing education and earning additional designations.

To all of you, I tip my hat.  Together, we’ve taken real estate sales from being a job to a profession we’re proud of.  And love.

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

The Demise of “da inglish langwij”

Thursday, December 31st, 2009

Maybe it’s me.  But I’m really amazed at how the majority of the American public has no sense of correct spelling and grammar.

Since you are reading this blog instead of sitting home on the couch watching Jerry Springer or hanging out in an alley sipping some Boone’s Farm Apple Wine and puffing on a cigarette, you are also probably confounded by how the English language is being butchered.

As a realtor, I am actually getting used to the fact that so many people spell realty as R-E-A-L-I-T-Y.  Duh!  Isn’t reality one of those dumb shows where people eat maggots or get stranded together on an island?

And how about people who say, “I ain’t got none.”  Gee, I didn’t learn not to use double negatives until I was in the fourth grade.  Or was it sooner? (Did you notice my use of a double negative?)

I guess our educational systems are to blame.  Teachers become babysitters to half the kids, while the other half actually learn and excel.  I was always in the “accelerated” class growing up in progressive North Jersey, so I was separated from the dummies after kindergarten and apparently forgot they existed.  Perhaps that’s why I’m perplexed by their lack of English fundamentals.

Yet, you would think that after 10 or 12 years of school people would have retained some elements of grammar and spelling.  Some people come from the worst possible environment or home life, but somehow they work hard and get college degrees and end up with high-paying jobs.  They show that anyone can excel.

So how come some people can’t even fill out a job application or handle a job interview?  The answer may be that they concentrated on being “cool” when they were in school, instead of toeing the line.  I guess that once again lays the blame on the schools.

I’m not sure what the solution is.  More compassion from teachers, smaller classrooms, more individual attention?  Maybe more direction from parents, but if they’re half-literate that’ll be tough.

Maybe we better just play taps for the English language and bury it with honors.

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

New Year’s Resolutions

Thursday, December 31st, 2009

I’m not really the type of guy to make New Year’s resolutions.  I guess it’s because I’ve pretty much always been in control of my life.  Okay, so I always want to lose weight and I guess that is the one resolution that I might think about each December.  But it probably has more to do with the overeating I enjoy from Thanksgiving through January 1st and it’s just a coincidence of calendar.

But, what the heck.  Let me see if I can’t take a few things that bother me and turn them into New Year’s resolutions.

I vow to pay no attention to the Nostradamus prophecy of the end of the world on December 21, 2012.  Give me a break.  There’s no way some dude in 1555 could predict the end of civilization.  As the stoned-out hippies used to say, “Far out, I see it, too.”  Nostradamus will get the attention equal to Y2K, and fail as miserably.

I vow not to mumble under my breath when I see a woman covered in tattoos.  Sure, I think it’s degrading, even belittling.  But I’ll keep my mouth shut.

I vow not to make fun of religion.  So what if it is a continuance of primitive pagan rituals that fly in the face of science.  So what if religion has been the basis of wars and murder for many millineum, and still is to this day.  I’ll just consider it population control.

I vow not to complain when a bunch of brats are screaming in a store, “I want that!” and the mother exerts no control, no authority.  She’s probably dumber than them, anyway.

I vow not to get upset when the driver in front of me turns without signalling.  Or hogs the passing lane while going 5 mph under the speed limit.  I’ll just keep driving my beat-up truck that subtly says, “I don’t care, I’ll ram you.”

I vow not to get pissed off when I see a dog tied up to a chain out in the pouring rain with no cover, no food, no hope.  Maybe the dog was Idi Amin in its last life and deserves it.

I vow not to speak badly about ALL politicians and our corrupt government system.  There must be one politician out there with the ethics of Gandhi.

And lastly, I vow to not take seriously any of these stupid New Year’s resolutions.  If I can’t bitch and complain and grumble, what do I have to look forward to in 2010?

- Mountain Man

http://www.MountainManandCityGirl.com

A Changing World

Thursday, December 31st, 2009

When I was a youngster, I thought everything always stayed the same.  I thought the corner general store would always be there and always be called Percy’s.  The same for Al’s Barber Shop, and the same for Green’s Luncheonette and Woolworths and the A&P.  I was naive and too young to understand the evolution of change.

Then reality began to set in. First, the knifeman no longer drove up and down the neighborhood streets with a familiar bell ringing on the back of his truck.  Mom would send me running to flag him down and she’d follow with a basket full of kitchen knives to be sharpened.  A few years later there was a note in the milk box saying that Sicomac Dairy would no longer be delivering milk, eggs, sour cream, etc to our door.  About the same time the local dry cleaner also stopped doing home deliveries.  What was the world coming to?

Change continued through my teens and twenties.  I used to peddle my bicycle delivering the Bergen Evening Record newspaper every afternoon after school.  They became a morning newspaper, following an industry trend, and next thing you know newspaper home delivery was done by adults in cars at 5am.  Yikes!

My next job was as a caddy at a golf course.  We made $2.75 for carrying a golf bag 18 holes, and $5.50 if we were big enough to carry two bags for 18 holes.  With tip, that came to $6 for about five hours work.  I was on top of the world and “rich” compared to my fellow high schoolers.  But you know where this story is going.  Within a decade, caddies were as extinct as dinosaurs.  Golf carts put us out of business.  The end of an era.

With all these experiences in my rear view mirror, allow me to gaze into my crystal ball and look into the future.  The biggest change I see is in the world of retail stores.

 

The internet is going to decrease the number of retail stores.  We’re already seeing it in the demise of such venues as movie rentals – adios Blockbuster – and music stores.  The internet allows you to download movies and music from the comfort of your home.  And heck, just about every new movie is on cable within six months anyway, so why not wait?

Stores that sell appliances will be the next victim.  Just ask Circuit City or Linens ’n Things.  Circuit City had 576 big box stores and Linen ‘n Things had 571.  All their stores are now shuddered and they sell, yes, on the internet only.  Who’d a thunk it?

Just about any store that sells things that are also readily available on the internet is in trouble.  The exception, of course, is things you need to touch or try on first.  I’m not gonna buy shoes or pants from the internet.  I need to try them on to make sure the fit is just right.  And I want to physically see some items before purchasing to make sure they are of sufficient quality.  A picture on the internet doesn’t relay the quality.

Stores that cater to “touch and try on” and large selection will survive, like WalMart and Target and Costco and such, because high volume of sales will carry them.  But smaller stores, not to mention Mom & Pop’s, are in trouble.  The cost of rent and utilities and inventory and employees makes them unprofitable, or at least not worth the bother.

Look around.  I’m sure you’ve noticed how many empty storefronts are in your community.  Nationally, the vacancy rate for retail stores is about 7% and malls is nearly 10%.  It seems like more.  Expect those numbers to increase.

But all’s not lost.  Restaurants will survive and thrive.  In fact, anything related to food will stay around.  Who buys a hamburger or a cantelope on the internet?  Doctors, dentists, lawyers, realtors, accountants and other similar occupations will continue to occupy a physical space in the community.  So will hardware stores and lumber yards and florists and other “drop in and buy quick” businesses.

Thanks to internet sales, a good bet on the future would be to buy stock in FedEx, or UPS, and any other delivery company.  Hey, wait.  Haven’t we just gone full circle?

- Mountain Man

http://www.MountainManandCityGirl.com

Jobs, Jobs, Jobs

Sunday, December 27th, 2009

As realtors, we have found that the main factor in whether a family can buy a second home here at the Jersey shore is job stability.  If a family has a solid income that will not be affected by a cut in salary or loss of job, they seem willing – even anxious - to take advantage of the incredibly low real estate prices and interest rates. 

But should their job be iffy, it’s better to sit this one out.  Why buy a vacation home if in the next year it becomes too much of a financial burden and they end up in foreclosure.  Not only will their credit be ruined, but their shore experience will leave a lasting negative impression and they may never enter the second home market again, even in good times.

Their are currently 15.4 million unemployed Americans and the jobless rate is hovering around 10%.  As always, these numbers do not include folks who have literally given up on ever getting a job and dropped out of the work force.  A record 5.9 million Americans have been out of work at least a half year as 7 million jobs have disappeared since the recession began.

The normal unemployment rate is about 5.5%.  Experts expect that the rate won’t return to that range until 2015 or so.  Job creation is the key.  In the last 10 years, from 1999 to 2009, the net gain in jobs is only about a half million, thanks to the loss of those 7 million jobs.  The previous 10 years, 1989 to 1999, saw 21 million jobs created.

Another factor in the job market is that many Baby Boomers are not retiring, but instead are staying in the work force in order to afford to live more comfortably.  This leaves the younger and less-skilled workers on the short end of the stick.

So what to do? 

The federal government needs to create jobs.  The recent infusion of money into infrastructure, mostly highways, really didn’t employ that many people.  Material costs – asphalt, concrete, steel, heavy equipment, etc. – ate up much of that cash infusion. 

Roosevelt had his Civilian Conservation Corps (CCC), which pulled many through the depression by creating labor-intensive jobs (meaning more people than machines).  Why not get something like that rolling, where people of all skill levels can clean up roadsides, do much-needed maintenance work at state and national parks, thin underbrush in the forest fire-prone West.

Let’s prioritize solar, wind, and water power, offering generous subsidies and tax breaks to companies that manufacture and install these alternative power sources.  And let’s clean up urban blight, by demolishing abandoned buildings and clearing vacant lots.  That could be followed by building urban housing – but not “housing projects” – that would not only create jobs but upgrade people’s living standards.

When the government coordinates with private enterprises to create jobs, our economy will turn around in a heartbeat.  It’s that simple.  Are we asking for too much?

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

A Good Barometer

Sunday, December 27th, 2009

Here at Jewell Real Estate Agency, we sell mostly vacation homes at the Jersey shore.  Condos, townhomes, single family homes – they are all elements of the dream families have of owning a second home in the Wildwoods.

Being a second home market, our yearly calendar of sales activity is fairly predictable.  By that I mean that just like a school year starts and ends around the same time each year and school vacations are scheduled about the same weeks each year, our business also has regular busy and quiet times.

Our real estate market usually cools off each year about 10 days before Thanksgiving and that semi-hibernation lasts through New Years Day.  That’s a time when local realtors takes cruises and warm weather vacations or work shorter days and cut to a minimum of floor time.  In the past, some real estate agencies even closed from Christmas Eve through January 1st, though not us.

Because that six week period is fairly predictable, any decrease or increase in potential buyer volume is a good barometer of the condition of our local real estate market.  We can gauge fairly accurately what type of year we are about to have by how many email and phone inquiries, plus walk-in traffic, we get during that time period.  It’s sorta like the Groundhog predicting more winter or not, if you get my drift.

Which brings us to this year’s prognostication. 

We were busier than usual leading right up to Thanksgiving Day, then the trend continued right up through Christmas Eve.  The day after Christmas (yesterday), the phone and email inquiries were brisk.  We’ll be juggling property showings all week long.  Hurray!

While perhaps not very scientific, our real estate business indicator is predicting a good 2010.  What more can we ask?

- Mountain Man and City Girl

http://www.MountainManandCityGirl.com

I Wanna Be ‘Dave’

Saturday, December 26th, 2009

You probably have seen the 1993 movie Dave, which starred Kevin Kline and Sigourney Weaver.  To refresh your memory, Kline plays Dave Kovic, an unassuming and likable man who heads a “temp” agency in Ohio.

Dave is hired by White House bigwigs as a one-time only stand-in for President Bill Mitchell, who has identical looks.  When the President has a paralyzing stroke, the White House chief of staff retains Dave to impersonate the President to keep the political power in his court.

As Dave assumes the role of the President, he increasingly realizes that he can do much good for America and his humor and vitality energizes the country.  After Dave and Mrs. Mitchell, played by Weaver, visit a homeless shelter that has a surprising number of kids as clients, Dave is touched.  He is soon shocked to learn that the chief of staff removed a $650 million  portion of the federal budget that was designated to fund homeless shelters.  Mrs. Mitchell, who already hates her husband, is really upset.

Long story short, Dave rolls up his sleeves and really assumes the position of President instead of being a puppet stand-in.  He eliminates fluff from the budget in restoring the $650 million homeless shelter funds.  Now Mrs. Mitchell realizes that Dave is not her real husband, and together they conspire to change America for the better.  Dave announces a plan to “give a job to every American who wants one.”

And that’s why I would like to be Dave for a month or so, just like in the movie.  A common man got a chance to make a difference, to cut through the government bureaucracy of patronage and waste.  To restore American’s faith in America, to bring common sense and doing what is right back to Washington, DC.

The movie was pure fantasy.  But the dream of giving back our country to the everyday person and being led by someone with compassion and common sense is too much to ignore.  It’s the way things should be.

Don’t you agree?

- Mountain Man

http://www.MountainManandCityGirl.com

A Christmas Blessing

Friday, December 25th, 2009

Everyone is blessed at Christmas, whether they are aware of it or not.  And you don’t have to be a Christian for Christmas to have an effect on your spirituality.

I’m a perfect example.  I’m not a Christian.  I don’t buy Christmas gifts or have a Christmas tree.  Bah humbug.  The materialism of Christmas turned me off nearly a half century ago.  And a lifelong examination of my religious beliefs and the religious philosophies of the world has pretty much made me conclude that I’m perhaps an atheist.

But I am blessed with a great wife, who happens to be my best friend and business partner.  Her unbridled enthusiasm for Christmas makes that a time of year that I especially appreciate all she’s done for me and all that she means to me.

I recall a quote, “Love is the soul’s recognition of its counterpoint in another.”  That wraps up my feelings toward our special relationship.

So I ask on this Christmas day that you not dwell on what things you did or didn’t find under your Christmas tree.  Instead, think longingly of the ones you love.  For it is that love that carries you through the other 364 days of the year.

- Mountain Man

http://www.MountainmanandCityGirl.com

More Banker Greed

Friday, December 25th, 2009

Joining their fellow banking CEO cohorts, the heads of Fannie Mae and Freddie Mac were approved for $6 million in pay each for 2009.  Fannie Mae and Freddie Mac, to refresh your memory, purchase bundles of mortgages to ensure that money is always available to lending institutions which give loans to homebuyers.  They are quasi-private companies backed by the federal government.

Fannie CEO Michael Williams and Freddie CEO Ed Haldeman each received $900,000 in salary and another $3.1 million in salary with payments deferred to 2010.  That’s $4 million apiece.  Each also is eligible for another $2 million in performance incentives.  Considering that Fannie and Freddie needed a combined $111 billion, yes billion, in federal bailout money, one wonders exactly what their performance bonus was contingent upon.  Perfect attendance?  Turning their homework in on time?  Spelling their names correctly?

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The argument by their cheerleaders is that the former CEO’s of the two companies, who were both fired in September, 2008 when the bailout money was proposed, made a lot more money.  The Fannie CEO received $10.2 million in 2008 and the Freddie guy nailed $13.1 million.  It practically took an act of Congress to stop them from awarding themselves another combined $24 million in termination pay.

The case for Williams and Haldeman continues that each would command up to $10 million in yearly pay in the private sector.  The argument typically concludes with, “No one else would do the job for less money.”

Bullfeathers!

I’ll do the job for one year for a measly $500,000.  I’ll move to Washington, DC for one year, rent a condo, and work 365 straight days.  A lot of qualified people would do the same thing.  And I’ll donate $100,000 of that money to DC soup kitchens for the homeless.  That would make my take home pay about $250,000.  Not extravagant, but fair!

I really get tired of hearing how top company management and all government workers – federal, state, and municipal – feel justified in making a lot more money than their small business and working stiff counterparts because, “No one else would take this job.”  And the benefits they receive, including health insurance and retirement packages, are way beyond reasonable and equitable.

Is anybody mad yet?

- Mountain Man

http://www.MountainManandCityGirl.com

Banks: Tight Purse Strings

Tuesday, December 22nd, 2009

As any active realtor knows, banks are more tight-fisted with loan money now than in the past decade.  In the spirit of this Christmas season, you could even call them Scrooge.

The tried and true banking tradition is that banks took deposits from customers, paying a certain interest rate, then lent money to borrowers at a higher rate.  The difference in the interest rates was their profit.

The model has changed since the number of bank failures rose from three in 2007 and 25 in 2008 to 140 in 2009. 

Banks are now borrowing at near-zero percent interest rates to get short term loans for themselves and putting the money into Treasury notes and other higher-yielding government securities.  They make a profit with no risk (unless the United States collapses).  This practice is called playing the yield curve, or carry trade.

Loans given out to consumers and businesses in America have dropped 8% in the last year.  The banks claim that less people want loans.  Our experience as realtors tells us a different story.  We’re seeing people with solid credit and income getting turned down for loans in this vacation home market here at the South Jersey shore.  At our agency, we’ve put a lot more properties in 2009 “under contract” than in 2008, but we’ve closed on fewer than last year.

Right now only FHA-backed loans, which account for 30% of home loans compared to just 3% in 2006, seem a sure thing.  Loans for second homes and businesses are tough to obtain.  Banks literally want no risk when giving a mortgage.

When the economy finishes turning around and businesses begin hiring, maybe banks will feel comfortable again lending money.  Until then, many realtors and consumers will have to continue treading water.

- Mountain Man

http://www.MountainManandCityGirl.com

New Jersey: Not Business Friendly

Thursday, December 17th, 2009

Let’s face it.  If the economy is to recover quickly, the bottom line is jobs, jobs, jobs.  Put people to work and everything else falls into place.

Businesses, of course, are the key to creating jobs.  And two-thirds of jobs are with small and medium size businesses.  So to get businesses to hire more employees, the economic climate must be favorable.

New Jersey, unfortunately, ranks last or near the bottom of every business-friendly list generated, based on several factors. New Jersey ranks well in transportation, easy accessibility to large markets, having an available labor pool, and having the third lowest gasoline tax in the nation.  That’s the end of the good news.

New Jersey has the second highest individual capital gains tax and sixth highest corporate capital gains tax.  Property taxes are amongst the highest in the United States.  Wading through the multi-levels of government and environmental bureaucracy adds to the negatives.  Why would a business relocate to New Jersey with the high cost of doing business, plus the time delays in getting construction completed due to getting bogged down in permitting?

New Jersey – and newly-elected Governor Chris Christie – need to make some changes to spur business.  Tax rates on corporations and small businesses must be reduced.  The state will make up the loss in revenue by gaining more businesses, which in the long run makes a more stable tax base.

And as we all know, real estate property taxes must drop dramatically.  With six out of every 100 workers in New Jersey actually employed by the state, it’s not hard to figure out where the first cuts should be!

- Mountain Man

http://www.MountainManandCityGirl.com