November 2001
Risa's Pieces
Volume 4 Issue 11
Questions I Am Often Asked
Now that the stock market has slumped, people are taking another look at real estate as a sound investment. Your own home and investment properties can contribute significantly to your net worth.
According to the Office of Federal Housing Enterprise Over-sight, homes appreciated an average of 8.8 percent in the last year. Some areas showed double-digit gains. For example, the 12 highest-ranked metropolitan areas posted gains ranging from 16 to 27 percent.
How good of a return is 9 percent? Pretty good – at that rate – a $150,000 home appreciates at the rate of $1,098 each month! The last year’s rate, however, is higher than normal. In the last three years, homes appreciated an average of 6.9 percent annually. The annual average was 5.7 percent over the last five years and 4.1 percent over the last 10 years.
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Cartoon of the Day |
Happy Thanksgiving!
This is America's holiday, folks! We are celebrating our past good fortune of having landed at Plymouth Rock, met up with some friendly Indians and had a feast together. No other country celebrates Thanksgiving Day in quite the same way we do. So, put on the aprons or hop in the car to the nearest ambitious relative's (or friend's) house or that great resteraunt and pig out ... er, turkey out. And remember to say thank you to who or whatever swings your skirt for all your good fortune! And this year add a special word for the loss of September 11th and for the thanks for the unity of our wonderful country G-d Bless America!
P.S. ... remember the fizzy, digestive aid stuff. ;-)
This months joke:
Question How does a Turkey drink her wine?
Answer: In a gobble-let
Old Rhyme:
Thanksgiving
The year has turned its circle,
The seasons come and go.
The harvest all is gathered in
And chilly north winds blow.
Orchards have shared their treasures,
The fields, their yellow grain,
So open wide the doorway ...
Thanksgiving comes again!
Question: How can I guard against termites?
Answer: A termite inspection is usually required when you sell a home. Termites multiply in the summer, so now is a good time to check for evidence of them. Taking a few simple steps can protect your home against termites.
Termites live in the soil and seek out wood and water. You can make your home less attractive to them by fixing leaky faucets, water hoses, gutters and downspouts. Also:
- Don’t store firewood near your house.
- When using wood mulch, leave a few inches between the foundation and the flowerbed.
- If you use wood to build a deck, make sure it’s pressure treated.
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