Wednesday, March 26, 2008

Hot news re Jets at Santa Monica Airport


Following a study session that lasted almost four hours, and included public comments from a packed council chamber of Santa Monica and Los Angeles residents, including LA Councilman Bill Rosendahl, Santa Monica City Council unanimously passed the second reading of their ordinance that will take effect in 30 days, according to SM Mayor pro-tem Richard Bloom.

Follow link to learn more...

Concerned Residents Against Airport Pollution

Monday, March 24, 2008

News from Wall Street is Wild this past week

The New York stock exchange has too high an opinion of it's self. Your stock broker will say to diversify. But he will mean to diversify in different stocks. That is not really diversification. You also need Real Estate. I believe that Income Producing Real Estate is still stronger than any equity paper on any stock exchange.

Just work out your Net Worth. Then look at the % in stocks & bonds. And the % in real estate. Next take your home equity out of the picture. How much of your wealth (equity) is in Income Producing property? If it is not a high enough % then let me know what you want to do about that.

The Hot News...

Bonds and home loan rates wildly rocketed higher and plummeted lower on a daily basis throughout the last week. In the end fixed home loan rates ended up improved by about .25% for the week

The big news from the Office of Federal Housing Enterprise Oversight (OFHEO), who announced that they lifted special capital restrictions that had been put in place for both Fannie Mae and Freddie Mac. This will allow these firms to pump $200 Billion into the mortgage market by way of buying Mortgage Bonds. The anticipated increase in demand was very good news for Bonds and home loan rates, which immediately improved on the news.

So income property loans may get better too.

IMHO Keith L.

Tuesday, March 04, 2008

ACTION in Santa Monica

FYI If you are a property owner in Santa Monica you have a friend in this group.
For many years they have been at the forefront of the effort to protect property owners in Santa Monica from a overzealous city regulatory pogrom and heavy handed enforcement of the rules on the books.

To check their public web site go to

They have regular meetings. I attended the one last night (Monday 3-3-08)
and listened to some very interesting speakers.

One reviewed for us the political efforts that are aligned to fix the problems of cities taking private property using eminent domain. He was from the Howard Jarvis Taxpayers Association and passed out some of their newsletters... "Taxing Times" The hot topic is the differences between two measures that will be on the ballot.
- Prop 98 - good
- Prop 99 - bad

If we want to truly protect property rights and owners from the cities and developers We need to vote Yes on Prop 98. If 99 passes it would keep the same low level of protections and even remove the extra protections of Prop 98 if it gets more votes.

Prop 99 was put on the ballot as a spoiler.

More information can be found on
or on

There are good things worth fighting for. Property rights is one.

I welcome your feedback.

Keith Lambert