DOWN MARKET SEEN AS “OPPORTUNITY” BY WEALTHIEST CONSUMERS

Of those who earn more than $100,000 annually, 79% believe the US is in a recession, but 88% believe that property values will rebound. Those earning $500,000 and more see real estate as a “real opportunity” right now, and 40% say they plan to purchase a home in the next 12 months, according to “The Annual Survey of Affluence and Wealth in America,” produced by The Harrison Group for American Express. Merrill Lynch and CapGemini’s research show the world’s very wealthy have been shifting money into residential real estate. The 2007 “World Wealth Report” said that those will $1-MM+ in invested assets had 12% of their investment portfolios in residential real estate, both a portfolio strategy and a recreation/lifestyle decision.

MORE GOOD NEWS ON THE HOME SALE SCENE (Keep it comin’!)…

The Institute for Economic Competitiveness, University of Central Florida predicts that in 2008, there will be sales and rentals of over 150,000 properties. They also predict 175,000 new jobs will be available, strongly outperforming the national averages. Significant numbers of the 80-MM domestic and national visitors will consider buying second homes. Favorable exchange rates between the dollar and pound make homes in Florida cheaper than anywhere in Europe and are attracting particularly British purchasers. The Conference Board’s “Index of Leading Indicators,” reports that positive growth is indicated underway in the 2^nd half of 2008 or sooner. Doing in depth broad surveys of industry data, this report is taken as “the gold standard” for all forward indicators for the US economy. The National Bureau of Economic Research reports that US industrial production showed an upwards turn in March. The Mortgage Bankers Association of America reports from their national survey that applications for mortgages for houses were up by 2.1%; FHA loan applications up by 3.5%. The federal government reports that nationwide, prices of homes stopped slipping in January and February, increasing by 6/10ths of 1% (better up than down, ehh?). The Federal Reserve is predicted to lower the short term rates next week by another quarter percent. Interest rates remain low for 30-year fixed mortgages. Plans were announced by Freddie Mac to pump $15-BB+ into the jumbo conforming loan market especially for high cost areas needing stimulus NOW. Nevertheless a lot of home inventory remains before seeing a true end to the down cycle and some consumers have a lack of confidence in today’s prices, thinking they may go farther down. THIS MIGHT BE THE “LOW” IN THE MARKET… PERHAPS LOW ENOUGH TO MAKE THIS AN EXCELLENT TIME TO BUY. ARE YOU READY?

WILL THE FHA OWN PART OF YOUR/YOUR NEIGHBOR’S HOME?

Rep. Barney Frank (D-MA) has a proposal (H.R. 5830) introduced in the House of Representatives suggesting that the FHA refinance mortgages and be part owners with profit sharing. The bill proposes a declining percentage fee on profits to discourage short-term speculators, and the program would not apply to 2^nd home owners, equal to 100% of all profits in year one, 80% in year 2, and so on for the first 5 years. Then there would be an “exit” fee equal to 3% of the sale price. This means lenders would accept losses and would later receive a portion of future profits from the home seller. To the besieged homeowner/seller, getting 97% of a profit after 5+ years is a big relief from total equity loss from a foreclosure.

HOME SALES UP LOCALLY

Buyers still are choosing to buy permanent and 2nd homes in southeast Florida to stretch out on our beautiful sandy beaches, go fishing and boating on the waters, take the kids to the local parks, enjoy watching and participating in local sports, dine indoors or out in wonderful restaurants, and pick up both high end and bargain items when shopping in luxury stores, local shoppes or bargain outlets and flea markets. More and more predictions are being printed now that a turnaround is already starting to happen in the housing market. One source now says that buyers waiting for the market bottom could miss out on amazing opportunities now. Some sources point to low interest rates and to banks lowering prices of foreclosed homes to cut back inventory. Some comment that the high inventory of condos has brought investors back. If you are considering a purchase and want listings or other information, don’t hesitate to contact blog manager and Realtor, Marilyn Jacobs, at marilynfjacobs@gmail.com.

HAVE YOU ENJOYED THE MIZNER PARK ART WALK?

Stroll along a monthly al fresco art experience on Plaza Real. Next walk will be Wednesday, April 30 from 6-9 pm. Enjoy wine tasting, browsing the shops, and dinner inside or out at one of Mizner Park’s fine restaurants. The art show is done in cooperation with The Artists’ Guild of the Boca Raton Museum of Art, drawing visitors to Mizner Park for an evening of viewing art, music, and the latest show at the Guild’s Mizner Park Images Exhibition Center. For more info go to www.miznerpark.com or call 561-393-9115.

FLORIDA #1 DESTINATION FOR INTERNATIONAL HOME BUYERS

A mid-2007 National Association of Realtors survey found that Florida was the leader in foreign home buying at 26% of all international purchases. California was next at 16%, Texas third at 10%. This includes purchase of mid-priced primary residences, luxury vacation homes, investments to rent out, and commercial properties. Being a convenient point of entry to the US from Europe and South American along with warm weather and recreational and cultural offerings were cited as reason for a preference for Florida properties. With the dollar weakness against the euro and British pound, foreign buyers have more purchasing power compared to home prices in other countries, e.g. the UK, Span and Ireland. Florida has 31 major airports and 14 deepwater seaports. According to the US census bureau, Florida gets more than 4-MM Visitors from 100+ countries in a year. In a 2005 FAR survey, 15% of total home sales in Florida were by international buyers. One-third of foreign buyers were from Latin America.

MILD HOUSING RECOVERY ON THE WAY BEFORE 2008 YEAR-END???

YES says a report from SMR Research Corp, who specialize in mortgage and home equity loan industry research. Being the first to report in 2004 that “a perfect storm” in credit quality would cause a blast in foreclosures within 2 years, they say, “Our prior forecasts were accurate but widely disbelieved when issued.” They expect skeptical reactions now too, but say “the numbers are what they are… homes are now affordable again… consumer psychology is the biggest remaining hurdle to recovery.”

MILLION SQ FT TRI-RAIL STATION DEVELOPMENT TO BECOME A GO?

Within the next 60 days The South Florida Regional Transportation Authority, operator of Tri-Rail trains, has invited all interested parties to a workshop to decide whether to move ahead with a large development near the station in Boca Raton on Yamato Road near the I-95 entrance or scale it back. Officials are invited from the City of Boca Raton, FAU, T-Rex Park adjacent to the station. City leaders feel the proposed project is about 15 times too big for the site. Zoning allows no more than 50,000 sq ft of office space and 15,000 sq ft of retail space. Yamato Road Joint Ventures LLC wants to create a transit “village” with a 150- room hotel, almost 200 work-force apartments, 55,000 sq feet of shops and 90.000 sq ft of offices and parking garages with 1731 spaces. Tri-Rail owns the 6-acre parcel at the train station, and the city controls the zoning. County agencies and the Lake Worth Drainage District along with the City of Boca Raton may also have input. Another proposal from three Boca Raton developers has plans for a 3-story building with 50,000 sq ft of offices, 15,000 sq ft of shops and underground parking. Workshop date has not yet been announced.

TIPS FOR BUYING A HOME IN A DOWN MARKET

The subprime mortgage problem has scared a lot of people away from the housing market. However, the news isn’t all bad. The current market decline has dropped prices and made housing affordable to many fiscally responsible renters who never considered home ownership to be an option. Here are recommended steps for buyers to take advantage of this market downturn. Be aware of extraneous expenses including property taxes, homeowner’s insurance, standard maintenance, cost of utilities, and HOA fees or equity dues. Ask about current and upcoming special assessments. Decide how much you have left to spend on a mortgage, all closing costs, a down payment amount, paying down existing debts, and check on your credit records before applying in case there are errors to correct. Remember too that if you are selling and buying, while you may get a lower price than you want for your home, you will also get a low price for the home you buy. As a Realtor and a Mortgage Broker, your blog manager, Marilyn Farber Jacobs can assist you with all of these issues, and find you “the home of your dreams,” according to your criteria. Call 561-988-0070 or email marilynfjacobs@gmail.com. If you wish to receive all new properties that become available, go to http://www.FLWaterfrontCondos.com, register and list criteria for a condo, house or townhouse. Join the many buyers who regularly receive listings now. Perhaps your NEXT home will appear before your eyes, and Marilyn will be most happy to show you that home.

PALM BEACH INTERNATIONAL FILM FESTIVAL IN MIZNER PARK

The 13^th annual film festival begins April 10^th and is a week-long celebration of the past, present and future of independent film and cinema. There will be screenings of American and foreign independent features, shorts and documentaries of all genres, stimulating seminars and intensive film discussion groups, parties and informal get-togethers with filmmakers and industry professionals from around the globe, and more. See COMPLETE LIST OF FILMS and SCHEDULE OF EVENTS. The Palm Beach International Film Festival is a not-for-profit organization supporting film programs in local schools and dedicated to making a difference in the lives of future filmmakers. Proceeds generated each year are donated to schools, in the form of grants and scholarships.

SUNDY HOUSE, DELRAY BEACH HISTORIC BOUTIQUE INN

Located in the heart of historic downtown Delray Beach, and one mile from the fabulous beach at the end of Atlantic Avenue, the Sundy House is a boutique inn listed on the National Register of Historic Places. This secluded retreat is nestled within an acre of stunning tropical gardens. The Victorian inn’s 11 luxurious guest accommodations feature sumptuous décor and modern amenities. Sundy House hides within an acre overflowing with 500 tropical plant species. In every corner, you'll discover unique details: a bed suspended in air, a sunset painted on the ceiling, red-cork wallpaper, and blue suede walls. Swim with turtles and angelfish in the naturally filtered swimming pond. Venturing away from this self-contained wonderland only brings more pleasures, like snorkeling or windsurfing in the southern Atlantic, minutes away. Stay for Sundy's Sunday brunch, a lavish affair with everything from eggs Benedict made with Florida lobster to raspberry ham with mango cole slaw. Doubles from $175; 561-272-5678 Experience the award-winning Sundy House Restaurant, the elegant Roux Bamboux Lounge. Just 20 minutes from Palm Beach International Airport and one hour north of Miami, our superb location is easy to reach whether for business or pleasure. The Sundy House is mere steps from shopping, dining and cultural events, in a serene setting in which art, history and culture merge. Complimentary transportation to beach/downtown where life is GOOD and ACTIVE. Other awards include: The New York Post – “Florida’s Top 50 Hotels and Resorts;” Travel + Leisure – “Top 30 Inns in the U.S;” Palm Beach Post – “Best Brunch and Most Romantic Restaurant;” South Florida Parenting – “Best Romantic Getaway.”

SUBMIT YOUR WORKS OF ART INSPIRED BY FLORA, FAUNA AND NATURAL PLACES IN THE COUNTY

“Local Treasures” is the theme for the 2008 summer/fall exhibit being shown from May 7^th to September 24^th with works of art being featured in public buildings, parks and plazas. IF you have talent, submit your works, reflecting the theme. For details – click on “Calls to Artists” or mail a self-addressed stamped envelope to Palm Beach County Art in Public Places, 2633 Vista Parkway, West Palm Beach FL 33422. Deadline for submission of photo of item is April 18^th.

FIRST DONATION OF $1.25MM for FAU STADIUM from SmileXpress

Get ready to cheer for the home team! The proposed 30,000-seat open air Stadium at Florida Atlantic University in Boca Raton has received its first donation of $1.25MM from supporter SmileXpress, one of the largest teeth whitening dental spas in Florida, located in Boca, Ft Lauderdale, Wellington and Aventura, with plans to expand nationally. The funds will be forthcoming over ten years and are for a sponsorship, scholarship dollars for the athletics department and philanthropy that will assist with the construction of the open-air football stadium, slated to be completed in the fall of 2010. FAU’s plans include an “innovation village” around the Stadium with 5 apartment-style residence halls, 130,000 sq ft of retail and commercial units and a multi-use Convocation Center for the basketball program. Future seating expansion is possible, and a roof can be added. Total cost estimated for the stadium is just under $100-MM, with funding from private donations – no public funds including tax revenues are expected to finance the stadium. It will be located just north of the Breezeway on the main campus, adjacent to the burrowing owl sanctuary. The FAU Owls football team will be using the Stadium.

BARRETT-JACKSON CAR AUCTION RELFECTS ECONOMY

While stating that individuals car sales could set world sales records, a Barrett-Jackson VP stated that the current auction is an all no-reserve event, which is a direct reflection of the marketplace, with some car collectors wanting to liquidate their four-wheeled assets, particularly if they have taken out a 2nd mortgage and their home's value has dropped. Late '50's and '60's big cars have rapidly appreciated. For sale is a restored 1911 Model T Roadster (pictured here), one of the 520 cars up for bid. A 2006 baby-blue Lamborghini with 17,000 miles on the odometer is up for auction at $180,000. When new it cost $246,000. On Sunday, after several days of auctioning, the automobilia auction will start at 10:30 am and a car auction from 10 am to 9 pm. Click here for more information.

GRAND OPENING FOR SUNSET COVE AMPHITHEATER IN WEST BOCA

Bring your blanket or lawn chair and enjoy the new outdoor theatre! At 6 pm Saturday, three local high school groups will perform during a grand opening celebration. Fireworks and food vendors will be there too. This is the first phase to open in the South County Regional Park expansion. The amphitheater includes a 1700 sq ft stage with state-of-the-art lighting and a grassy area that can accommodate up to 3000 people using lawn chairs and blankets, referred to as “festival seating.” You’ll be able to enjoy live music, theatre productions and out door movies at future amphitheater productions. Later picnic shelters, a new dog park, playground, boat ramp and additional restrooms and parking will be added. Located at 12551 Glades Road, about 2.4 miles west of US 441. For further information call 561-488-8069, the Event Hotline. To access calendar click HERE.

TRANSFER YOUR CELLPHONE WITHOUT HIGH FEES BEFORE CONTRACT TERMINATES

Go to www.celltradeusa.com or www.cellswapper.com. You pay about $20 and the person who adopts your phone gets a short contract without an activation fee. Contact your carrier first for approval, and if you want to keep your old number, you’ll have to arrange that as well.

FORBES RECOGNIZES PALM BEACH COUNTY IN TOP TEN UP-AND-COMING TECH CITIES

“With Scripps Florida and the Max Planck Society both establishing world-class research facilities here, we are building the foundation for a knowledge-based economy.” Palm Beach County is recognized as a top pick for “Up-and-Coming Tech Cities,” and in scientific growth. Boca Raton is attracting firms, from biopharmaceuticals to stem cell research and storage, due to its solid business environment. Forbes list is called the TOP TEN HOTBEDS OF TOMORROW’S TECHNOLOGY. The survey considered specific pockets of science growth areas with “promising frontiers of innovation.” Forbes.com says that Palm Beach County is “becoming a haven for cutting-edge biotech and life science research.” More than 140 companies in the county are focused on discovery and advancement of drugs and pharmaceuticals, medical devices and equipment, research and testing. With strong collaborations among universities and pro-active assistance programs throughout the county, and philanthropic dollars, the area is thriving. Additional information can be found at www.bdb.org, the official public/private economic development organization for Palm Beach County and Enterprise Florida, a non-profit corporation founded in 1982 to attract and retain new industry, business investment, high quality jobs and workforce development. See Forbes says county number three in US.

MIZNER ART WALK on WEDNESDAY, March 26th from 6-9 pm

Mizner Park shops and restaurants are hosting signature members of The Artists’ Guild with works including paintings, mixed media, photography, glass works and other art forms will be seen as visitors stroll the park. Artists will be in attendance, and viewers can talk with them. Eric Allison, renowned jazz saxophonist, will complement the event with his music. Enjoy dinner at one of the Mizner Park eateries and then browse and enjoy!

NEW IRS RULING FOR VACATION HOME 1031’s

• 24 month holding period
• for each 12 month period you must have rented vacation home for at least 14 days at fair market rent
• for each 12 month period owner can only use property for the greater of 14 days or 10% of the days rented.
• Days that relatives use the unit will count against you… unless they pay fair market rent
• You are allowed a reasonable number of “maintenance days” to care for the unit (not defined by IRS)

SUGGESTIONS:

· Tighten up record keeping and tax reporting

· Be serious in rental attempts

· Charge family members the going rental rate when they use it

Keep detailed records of dates you used the unit and what you did – and describe maintenance done for “maintenance days”

WHAT IS THE DIFFERENCE BETWEEN MORTGAGE PRE-APPROVAL AND MORTGAGE PRE-QUALIFICATION?

Verification and Documentation explain the difference. Pre-Qualification is based on information provided by the buyer whereas Pre-Approval is given after receipt of copies of bank account statements, income proof (pay stubs) and income tax returns; other information may be requested as well. Neither are considered a mortgage commitment, but the more detailed Pre-Approval is preferred by sellers. Pre-Qualification requires the borrowers name, address, phone number, date of birth and social security number with permission to do a credit check. Questions may be asked about annual income and what down payment the borrower can make. A letter is issued with an estimate of the amount of a mortgage for which the borrower can be approved, based on documentation verification, which may be described in the letter. The letter will also include a disclaimer, e.g., “subject to verification of employment (2 years of work history) / assets / credit review / charge card statements / mortgage underwriting guidelines” and the prevailing interest rate, which can be “locked in.” This serves temporarily as confirmation to a seller that a buyer appears to be able to afford to purchase their property. Underwriting criteria may include credit scores, work history, verification of income, qualifying income ratios, verification of where down payment will come from (e.g., brokerage or bank account or gift), cash reserves after closing. There may be information that has a negative impact on mortgage approval, including a borrowed down payment, inconsistent work history, unreported “cash” income, not enough assets for closing costs, and other issues.

NEW VISTA THEATRE RECEIVES AWARDS FOR TWO 2007 PRODUCTIONS

Now moved to their new location on Palmetto Park Road, a few miles west of 441 in the Shoppes of Logger’s Run, The New Vista Theatre Company in West Boca Raton has been nominated for five Carbonell nominations for two of its 2007 productions, “Funny Girl” and “Jacques Brel”. Performances are held at the West Boca Raton High School Performing Arts Center, 12811 Glades Road. During their Inaugural Season, 2006-2007, “A Funny Thing Happened on the Way to the Forum was nominated for 5 Carbonell Awards. They recently moved to Boca Raton from Davie. Actor Avi Hoffman heads the company. Upcoming productions include “I’m Not Rappaport,” May 1-18, and “The Big Bang,” June 19-July 6. Click here for dates and more information or call 561-482-4144. Group Rates are available, and website sales are 10% off. Show times are Thursday, Friday and Saturday at 8 pm, Saturday and Sunday at 2 pm and Sunday at 7 pm. Since 1976 Carbonell Awards have been given to Regional Theatre Productions. The Awards were created by South Florida’s arts critics and columnists.

LOOKING FOR SOMETHING CULTURAL TO DO THIS WEEK?

Renee Fleming… Kathleen Kennedy Townsend… the Russian National Orchestra… Joyce Carol Oates… The 5 Browns, on 5 pianos playing Home Blues from American in Paris… check out the schedule for the Boca Festival of the Arts this week…

March 9 - Antique Clock Evaluations

Ever wondered about the value of that pretty clock that has been in your shelf for years? Bring your antique clocks to the Cornell Museum, Old School Square, Delray Beach, between 1:00 and 4:00 p.m. for an informal evaluation by NAWCC members who are participating in the exhibit, Timekeeping through the Ages. For more information go to www.oldschool.org and see special events.

YOU WALK AWAY... from a mortgage!

The International Herald Tribune’s 2-29-2008 headline “Faced with mortgage default, some U.S. homeowners walk out” will lead you to this site, which results in walking away from a home and mortgage and ceding the home to a bank in foreclosure: http://www.youwalkaway.com/ . The house then becomes the lenders problem, and the former homeowner might be able to rent a property for less than half the cost of their mortgage they left behind. According to the article, while in some states banks have recourse to sue borrowers for their losses, it is usually not done because the process “is costly and “people’s nonhousing wealth tends to be pretty slim”. For a copy of the article, email marilynfjacobs@gmail.com. According to the founder of You Walk Away, which opened for business in January 2008, the company’s services are not for everybody and were meant as a last resort. Those finding themselves having to choose between a car payment and their kids’ health insurance or paying a ballooned mortgage may have an alternative now, and may feel that over the coming years their income will go up and their credit will improve while, in the meantime, they rent instead of owning a home.

BOCA RATON 2008 FESTIVAL OF THE ARTS

Centering in Mizner Park, for a list of cultural events for all ages including concerts, ballet, wine tastings and auctions, lectures, jazz and more, go to http://www.centre4artsboca.com/events.asp

FORECLOSURES NOT JUST MAINSTREAM

One of the nation’s priciest residences, Harold Vanderbilt’s Villa di Venezia, the 1929 Italian Renaissance mansion at 1100 South Ocean Boulevard in Manalapan, went on the auction block and was bought by mortgage holder, New Stream Capital, on the steps of the courthouse, for $22-MM. New Stram will put the property back on the market to recoup its investment. The 20,000 sq ft Maurice Fatio home was sold to Randolph Hearst by Mel and Bren Simon for $29.87-MM in 2000, a record sale for Florida at that time. Hearst died 6 months later and his widow, Veronica, was left the house but did not have the money to maintain it. Veronica Hearts paid for property taxes, renovations, etc. by borrowing millions of dollars against the home’ value, selling 150 feet south of the property for $6.2MM.

NEW SPANISH RIVER LIBRARY IN BOCA NOW OPEN… MAKE A VISIT A MUST!

Enter into a huge reading room with volume ceilings and high windows giving off light, and find a serene atmosphere, perfect for enjoying a book or a magazine. The facility is about 40,000 sq feet, a Mizner-inspired design, features decorative arches and faux coral stone columns, a Spanish tile roof, the man-made Blue Lake, coffered ceilings and dark cherry wood trim. Approved by voters, Countess de Hoernle's philanthropic gift greatly reduced our costs. Go visit and be proud to take guests from out-of-town to lunch at the Library Cafe. Check out the thousands of free books, newspapers, magazines, periodicals and more. Wireless computer outlets are available. The upstairs balcony area, as well as the main reading room, is perfect for studying and reading. Ground was broken on April 2, 2004 to start building the Library, and now that construction is complete, the library opened January 26, 2008. There are two Computer Labs each seating a dozen people. There is a Children’s Lab with learning games and application software. A special Teen Room for Tweens and Teens is provided. Rooms and beautiful outdoor areas, some with pretty Blue Lake views, are available for meetings and events. Friends of the Boca Raton Public Library offer a chance to win a $25 gift certificate and other prizes every day you come to one of the libraries from February 1-29. The Library Café fixes fresh salads and foods and has wonderful cookies, cakes and pastries. They can do catering for any kinds of parties. Email torocsikpeter@yahoo.com or call 561-305-8646. You can eat in the café, or go outside to the tables overlooking the pretty lake. Programs are featured and you can join The Friends of the Boca Raton Library for $25 or less. Hours are Monday through Thursday, 9 am to 9 pm. Friday and Saturday, 9 am to 6 pm. Sunday, 12 noon to 8 pm. For more information go to www.bocalibrary.org.

OFFICE HOURS EXTENDED FOR HOMESTEAD EXEMPTION, PORTABILITY FILINGS

Gary Nikolits, Palm Beach County Property Appraiser, reminds homeowners that there is less than a month left to file for 2008 homestead exemption and portability benefits and has extended office hours for the next three weeks. Extended hours will be available at the service center on the first floor of the Governmental Center at 301 N. Olive Avenue in West Palm Beach, at 3188 PGA Boulevard in Palm Beach Gardens and 501 So. Congress Avenue in Delray Beach, and 200 Civic Center Way in Royal Palm Beach. These offices will be open from 7:30 am to 6 pm weekdays. Filing deadline for exemptions is Monday, March 3^rd. It is suggested to file as early as possible to avoid long lines. You can file online on the Property Appraiser’s website; go to the Exemption E-File link on the home page and follow the prompts. For more information, call 561-355-2866.

HERE is your opportunity for international exposure of your work!

POETRY PROTOCOL, Syndicate is currently accepting poetry for it's International Poetry Quarterly. You also have the opportunity to submit your work for the '10TH ANNUAL MARILYN FARBER JACOBS POETRY AWARD' Contest! Grand prize: ONE HUNDRED DOLLARS!! Second Place: $50; Honorable Mention Certificates Awarded. SUBMISSION GUIDELINES: Theme: open - any style or genre of poetry; 20 lines or less; typed or printed, double spaced; deadline is March 18, 2008; entry fee: $5 for unlimited poem entries. Please make check out to: North Tulsa Literary Guild, Inc. and mail to North Tulsa Literary Guild, P.O. Box 6221, Tulsa, OK 74148-0221. ANYONE CAN ENTER!

LINK TO LOWEST LOCAL GAS PRICES

http://www.sun-sentinel.com/business/custom/consumer/sfl-gasprices-htmlpage,0,826131.htmlpage

BEGONIAS… WORKSHOP WILL EXPAND YOUR KNOWLEDGE

“The Beguiling Begonias Workshop” will be held Saturday, February 9^th from 9 am to noon in the Mounts Botanical Garden auditorium, located at 559 North Military Trail in West Palm Beach. Begonias are perennial landscape plants that grow well in Florida. See slides and live plants to learn about the various types of rhizomatous, cane and other begonias, which will thrive in your garden. Each attendee will learn how to propagate these begonias and will pot up a tray of assorted cuttings to take home. Admission price is $40 for members, $50 for non-members – Admission price includes potting materials and begonia cuttings. Workshop will be held in the Garden Pavilion. If you want to expand your begonia collection there will be a selection available for purchase after the workshop. Call Mounts to reserve space. Mounts features plants from 6 continents on 14 acres. For information contact Joy Ford Le at 561-233-1747 or jlford@co.palm-beach.fl.us.

A PERSONAL MESSAGE FROM YOUR BLOG MANAGER

“Buyers are coming out of the woodwork,” is what I’m hearing from other real estate agents, and that is indeed true for me as well. I’m working with many buyers on purchasing primary and second homes. Closings are resulting. Some are from the US, and others from countries including Canada, England, and Singapore. I predicted in the past, and reiterate now: “the best buys will be made between now and the early summer… after that the pickings will be left on the market.” Sale prices are on the low side right now, interest rates are low and may go farther down, and there is huge inventory to pick from – A BUYER’S MARKET. Will keep the readership updated in the coming months… Marilyn Farber Jacobs, Realtor, ePRO – Lang Realty & Lic. Mortgage Broker – Iberia Mortgage Corp., Lic. Correspondent Lender

INVESTORS: A GREAT TIME TO BUY!

With condo inventory SOARING here in Florida In the last 20 months, you may be able to buy RIGHT NOW at the lowest price you will see in a long time to come

• $187,000 is median price for a Florida condo (per NAR)
• Median price is down 9% from one year ago
• Number of condos sold down 29% from one year ago
• Florida brings in more than 300,000 new residents per year (2^nd only to Texas)

Investors have started to GRAB GOOD DEALS while they can in this buyer’s market. The bad news for sellers means good news and opportunity for savvy buyers. Builders are making contributions to sweeten deals in the Florida condo market.

WHAT THE POLITICIANS ARE WORKING ON…. Maybe

… I did predict there would be big changes what with a national election looming up…

• A one-time $100-BB tax rebate and tax incentives for employers to hire more workers
• Temporary cut in corporate income taxes
• Emergency assistance for owners who need extra money to help with high heating bills this winter
• Proposals to expand loan modifications and payment relief for borrowers heading for serious delinquency or foreclosure
• Widening “rate freeze” mortgage relief programs beyond just sub-prime borrowers to ALL borrowers, including those with prime credit, who find themselves in trouble on their mortgages
• $MM’s for new assistance for local nonprofit counseling groups who reach out and guide mortgage borrowers in danger of losing their homes
• Federal Tax Code amendment allowing state & local housing agencies to issue tax-exempt bonds to refinance loans of troubled homeowners (not just assisting new home purchasers) at low, fixed rates

Moratorium on foreclosures nationwide and legislative amendment allowing bankruptcy court judges to unilaterally reduce homeowners’ mortgage debts to lenders… BUT there is non-acceptance for these two issues from bankers and the mortgage industry

A WAY TO GET THROUGH AIRPORT SECURITY FAST

“Clear” is the fast pass for airport security. Clear members are pre-screened and provided with a high-tech card that allows them to access designated airport security fast lanes nationwide. Clear members pass through airport security faster, with more predictability and less hassle. Clear's first year price is $99.95. You can lock-in this rate by purchasing a two-year membership for $199.90 or three years for $299.85. For more information, go to http://www.flyclear.com/about/

BOOKSTORE and ZED 451 RESTAURANT COMING TO MIZNER PARK

Expanding the former Museum of Cartoon Art, a 25,000 sq ft 2-level bookstore and Brazilian-style eatery will be opened within the year. The restaurant is described as a contemporary, internationally-inspired upscale steakhouse.

A WONDERFUL CHRISTMAS GIFT IN HONOR OF YOUR FRIEND OR RELATIVE

Luv-A-Pet is one of the organizations that lost county funding this year, and they need help from the public. There is a very touching story in the current Town-Crier Online (http://www.thecrier.co) of a Chichuahua who needs surgery that they are helping. On Saturdays and Sundays, Debbie Shields, a member of the pet rescue organization, brings Gemma to the Royal Palm Beach PetSmart. Take the kids there and give Gemma some loving attention. And, leave a donation in honor of the kids, your Mom, your spouse, your own pooch or kitty. That is in keeping with the “giving” part of the Christmas holiday. Make it a better year for another creature who is in distress.

Feb. 10th Healthy Living Expo in West Boca seeks vendors

The Levis Jewish Community Center and West Boca Medical Center are holding their 11^th annual Healthy Living Expo from 11 am to 3 pm on February 10^th, catering to those age 55 and over. They are looking for participation from physicians, nutritionists, chiropractors, dentists, vision and hearing specialists, rehabilitation centers, mental health centers and related vendors. Location will be the JCC, 9801 Donna Klein Boulevard, off Glades Road at 95^th Avenue South. Register up to 12-31 and pay $250. Afterwards: $350. Contact Lesley Surfer at LesleyS@levis jcc.org or call 561-852-3212.

LATEST BIG TIME REAL ESTATE SALES

The Denver Post reports that billionaire hedge fund manager Louis Moore Bacon has purchased Steve Forbes’ 171,000 acre Trinchera Ranch in Colorado for $175,000,000, pictured above, a new record for housing purchases. AP reports that Forbes ($500 MM net worth)sold the property to 51-year old Bacon ($1.7 BB net worth) because he has a solid conservation record and could be trusted to preserve the ranch. The Aspen Daily News article says the property is the largest privately owned ranch in Colorado and was part of the Sangre de Cristo Spanish land grant made in 1843. Malcolm S. Forbes purchased the property for roughly $20 an acre in 1969 and bought more land contiguous to the property in 1982. A spokesman for Mr. Bacon says he doesn’t have plans for the property “beyond spending part of every year there with his family and friends, enjoying its spectacular vistas, hunting, hiking and the like.” Former highest purchase was made by Ron Baron for his Hamptons’ tear-down. Saudi Prince Bandar bin Sultan took his $135,000,000 90-acre Hala Ranch off the market after receiving no acceptable bids. There is a helicopter pad at Trinchera, and here is the description from the listing: Colorado's largest ranch. Miles of trout-filled streams and herds of elk, deer and big-horn sheep share the 250 square miles of this private paradise in the Rockies. Acquired by Malcolm Forbes in 1969, it is a place where he would come to savor the tranquil, wide open spaces, to think, reflect and entertain. His children have expanded on this tradition and now make the ranch available for select groups. Headquarters, including the main lodge and state-of-the-art conference facilities are situated in the Trinchera Valley. The lodge itself is a virtual art museum with diverse collections of ships models, toy motorcycles, western paintings and bronzes acquired by Malcolm and his sons. The Forbes Trinchera Ranch offers corporate and business groups beauty, privacy, and luxury. It is a place to think, create, re-charge, and have fun.