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Wednesday, August 31, 2011

Ritzy Log Cabins

The log cabin is embedded in the national consciousness as an old-time icon of simple, wholesome American living. Abraham Lincoln grew up in a log cabin, by gum, and look at what he made of himself!
However, as with every other aspect of American culture, today’s log cabin has been supersized. The structures that follow in this slideshow are a long way from Lincoln’s logs. Log cabins have gone from inspirational to aspirational. Whereas it was once incongruous to link the phrase “million dollar” to “log cabins,” it’s now quite the norm for a log home’s price to rise into seven figures and beyond.
What can a log cabin offer to command such prices? They’re cabins in name only. They offer the same amenities and features every other modern home offers — the chef’s kitchens, the hot tubs, the walk-in showers, the square footage — only rustic and with logs. These structures can serve as summer and winter vacation lodges for those who can afford such luxuries, but they’re also quite well supplied to function as year-round homes.
So dust off your antler chandelier and taxidermied critters and indulge in some cabin fever. Click through to see these contemporary and traditional log homes for sale, some for eight figures.

Coeur D’Alene, ID
Location: 411 S. Coach Ln.
Price: $10.5 million
Beds/Baths: 4/10
Square feet: 11,174

With its recurring use of vertical tree trunks as support beams, this mansion has the feeling of living under the canopy of an enchanted wood, or at least a resort or casino version of one. The floor-to-vaulted-ceiling windows of the great room offer an unhindered vista of the Spokane River. There’s a media room, a game room with a bar, and if the formal dining room is too formal, try the informal dining room instead.
Park City, UT
Location: 5000 Royal St.
Price: $49.5 million
Beds/Baths: 12/16
Square feet: 20,000

In case you skimmed past the statistics above, you might want to go back and read them. This is not so much a luxurious log cabin as a rustic private resort for one family and their closest several dozen friends. Features include a gym, indoor pool and hot tub with views, game room with views, decks with sunset mountain views, a garage for 20 cars, and a castle-length dining-room table.
Charlevoix, MI
Location: 8633 Atwood Rd.
Price: $2.5 million
Beds/Baths: 6/5
Square feet: 4,600

Behold, the Norway red pine log cabin known as Moblo! It’s located less than three miles from Lake Michigan, but it’s directly on the spring-fed private Lake Charlevoix. The 15-year-old house is traditional, yet offers a mix of the old and the modern: four master suites, indoor and outdoor fireplaces, a children’s bunk bed room, a gourmet kitchen with granite counters, and the all-important antler chandeliers. Plentiful windows and a wrap-around porch allow lucky residents and visitors to take in the enormous expanse of 320 acres.
Crested Butte, CO
Location: 188 Bethel Rd.
Price: $4.75 million
Beds/Baths: 7/9
Square feet: 9,147

This custom log home in the mining-turned-ski town of Crested Butte has views of Long Lake. It’s just six years old so it’s quite up to date, with a modern kitchen and long breakfast bar, the soaking tubs and walk-in showers, and it’s scaled to today’s standards as evidenced by the 15 x 20-foot master bedroom. Yet, the heavy exposed timber beams and other aspects evoke a long-established historic structure.
Richfield, OH
Location: 3827 Deer Run Oval
Price: $5.4 million
Beds/Baths: 5/8
Square feet: 19,360

Although this log mansion has a contemporary profile and is just 11 years old, it’s built from Engelmann spruce timbers reclaimed from forest fires, lending it a traditional feel. The rest of the property is not exactly lacking either, with a 30-foot waterfall and bear cave that are listed on the National Register of Historic Places, a 3.5-acre spring-fed stocked lake, a horse-riding ring, a children’s log cabin playhouse with electricity, plus a 1,950-square-foot lofted barn including two cooler rooms.

How do people afford to have to have vaction places more expensive than the average single family home???

Tuesday, August 30, 2011

10 Restaurants With Spectacular Views

Savings-minded travelers may not always be able to spring for the loftiest hillside hotels, but a single meal at a spectacularly situated restaurant can be a worthy splurge. From glacial peaks to ancient rain forests—even an underwater dining room in the Indian Ocean—we’ve rounded up 12 unforgettable places to pick up a fork.
The untamed Andes from the southern-most city in the world.
You might not expect to find world-class French food in a frontier city that’s more or less at the ends of the earth—which makes Chez Manu an even more pleasant surprise. Set on a hill about a mile north of Ushuaia, the capital of Tierra del Fuego and the southern-most city in the world, the restaurant first impresses visitors with its remarkable perspective on Beagle Channel. And then there’s the food. Naturally, fish figures prominently—such as black hake, salmon, and herring, to which expat chef Emmanuel Herbin applies his own suitably French twists (seasoning with anise and herbs, say). Also worth a try: Herbin’s takes on Patagonian lamb and Fuegian rabbit, served in an aged mustard sauce.

Best Deal: Centolla (king crab) is abundant here, and preparations such as centolla gratinada “Chez Manu” come in well below splurge territory ($24). 2135 Fernando Luís Martial Ave., Ushuaia, Argentina, 011-54/2901-432-253, chezmanu.com, entrées from $15.

Australia

Primordial paradise in the midst of the jungle.
Julaymba Restaurant brings travelers right to the heart of the world’s oldest rain forest. The 40-seat restaurant’s terrace juts out over an ancient freshwater lagoon while tangled vines drape from the canopy above. From every direction, diners hear the sounds of some 430 species of birds, plus tree frogs, wild turkeys, and wallabies thumping through the brush. The distinctly Aussie menu incorporates pepper berries, wattle seeds, and other native foods used by the local aboriginal Kuku Yalanji people, many of whom work in the restaurant. Make like a local, and order either the smoked crocodile or the kangaroo steak.

Best Deal: The lunch-only fish-and-chips special—it’s made with local, line-caught barramundi and chips ($17). Daintree EcoLodge & Spa, 20 Daintree Rd., Daintree, Australia, 011-61/7-4098-6100, daintree-ecolodge.com.au, entrées from $29.

Dubai

Over-the-top architecture in the world’s most outrageous city.
For all the glamour, glitz, and grandeur that have come to define Dubai, Pierchic stands out for being just the opposite: understated, low-slung, and vernacular in its architectural style. Its wooden beams blend right in with the simple, 500-foot jetty that connects the over-water dining room to Jumeirah Beach and provides enough distance to take in the man-made Palm Jumeirah Island and the full height of Burj Al Arab’s 1,000-foot-tall glass sail. Despite the restaurant’s waterfront location, much of its top

Best Deal: The seafood lover’s degustation menu, which includes an appetizer, an intermediate and a main course, and a dessert ($43). The menu changes daily, but expect options such as brown shrimp panna cotta, pan-fried oyster, and crème brûlée. Served daily from 1–3 p.m. Al Qasr Hotel, Madinat Jumeirah, Dubai, 011-971/4-366-6730, jumeirah.com, entrées from $27.

Maldives

Scuba views from beneath the ocean.
It’s like dinner theater for the dive set—and there’s not a bad seat in the house. Ithaa is located 16 feet below the surface of the Indian Ocean. Its tunnel shape and glass walls reveal a breathtaking seascape of unspoiled coral atolls, schools of parrot fish, and giant stingrays to 12 lucky diners. The menu is rich with decadent dishes like caviar, line-caught reef fish and rock lobster, but if you’d rather not look out the window for your ordering inspiration, seared veal tenderloin and button-mushroom soup make for suitable substitutions. And while the four-course lunch menu is undoubtedly a splurge, it’s still cheaper than getting certified to scuba. Note that tables can only be reserved two weeks in advance.

Best Deal: An 11 a.m. daily cocktail hour opens up the space to curious travelers who can’t quite justify the cost of a meal. Conrad Maldives hotel, Rangali Island, Maldives, 011-960/668-0629, conradhotels1.hilton.com, six-course dinner from $320 per person

Paris, France

A Parisian panorama from one of the city’s most iconic department stores.
In a city where shopping has been elevated to an art form, it’s fitting that one of the best roof-terrace restaurants sits atop the iconic Printemps department store, in the 9th arrondissement. Serving simple bistro fare (think quiche, soups, and toasted spinach-honey-and-goat-cheese sandwiches) to Parisians and tourists alike, Le Déli-Cieux also delivers 360-degree views of the city’s centuries-old tin rooftops and its greatest architectural icons: the Arc de Triomphe, the Sacré Coeur, and bien sur, the Eiffel Tower.

Best Deal: Well-priced wine, champagne, and beer ($7) flow freely on Thursday evenings, when the terrace is open until 10 p.m. Printemps Home Store, 64 Haussmann Blvd., 9th floor, 9th arrondissement, Paris, France, 011-33/42-82-62-76, departmentstoreparis.printemps.com, gazpacho from $6

Russia

A view of the country’s most famous gilded square.
Bosco Bar hits a rare sweet spot: There is a bona fide social scene, plus impressive sightlines and prices you can actually stomach. While the shopping center itself draws wealthy Muscovites browsing Hermès and Armani, savvy travelers stake out seats in the 1970s-inspired bar, where they can see Lenin’s mausoleum, the Kremlin, and St. Basil’s Cathedral all at once. The menu straddles the new/old divide, with inventive salads (quail with beets and roasted foie gras; smoked salmon, arugula, and potato) and traditional favorites such as beef Stroganoff and borscht.
Best Deal: Red Square, red soup: A bowl of borscht goes for $16. GUM Department Store, 3 Red Square, Moscow, Russia, 011-7/495-627-3703, bosco.ru/en, entrées from $11.

Singapore

A lofty view of a sparkling metropolis.
The 63-story OUB Centre is crowned by 1-Altitude, a three-level venue that offers the best views in the city—plus main-course-quality bar snacks such as wood-fired pizzas, satay platters (spicy Thai beef, chicken, and pork), and Turkish flat bread with dips. The cocktails run the gamut from classic (mojito) to creative (The Narcissist is a tempting combination of Russian Standard vodka muddled with peach, freshly squeezed lime, and rosemary-infused raspberries). The year-old hotspot is always buzzing with young Singaporean professionals, who are keen

Best Deal: Good selection of affordable New World wines, from $13 a glass (cocktails start at $16). OUB Centre, One Raffles Pl., 63rd level, Singapore, 011-65/6438-0410, 1-altitude.com, pizzas from $20.

St. Lucia, West Indies

From the heart of a chocolate plantation.
Calling all chocolate lovers: Boucan Restaurant might just be your dream come true. Every last item on the menu incorporates some form of cocoa, from a green salad tossed in white chocolate dressing to sautéed prawns with chocolate tapenade and, of course, desserts: a chocolate tart, cacao crème brûlée, and espresso-and-dark-chocolate mousse. Even dreamier than the indulgent dishes? The jungle-draped views of the Piton Mountains, lush, twin-peaked mountains that rise almost 2,600 feet above sea level on the volcanic island’s southern coast.

Best Deal: Every dinner reservation from now until December 1, 2011, comes with a complimentary cocktail from a menu that includes chocolate daiquiris, cacao Bellinis, and cacao-pulp martinis (a $10 value). Hotel Chocolat, Rabot Estate, Soufrière, St. Lucia, West Indies, 011-758/457-1624, thehotelchocolat.com, entrées from $15.

Switzerland

Alpine splendor overlooking Lake Geneva, Mont Blanc, and the Matterhorn.
Talk about making the rounds. Patrons of Kuklos, a futuristic, glass-walled restaurant in the Bernese Alps, don’t have to choose between scoping out Lake Geneva, Mont Blanc, or the Matterhorn during their meals. All they have to do is be patient. Every 90 minutes, the circular second-floor dining room makes a full 360-degree rotation. The menu skews traditional—with Gruyère-and-vacherin fondue and rösti, a Swiss riff on a potato pancake—and the dress code is casual, for a clientele of mostly skiers and mountaineers.

Best Deal: The “panorama gourmand” package covers round-trip gondola fare (normally $26 per person) and a three-course meal ($80) for two for $160—a savings of $52. 1854 Leysin, Switzerland, 011-41/24-494-3141, teleleysin.ch/en, entrées from $25.

Utah, U.S.

Iconic buttes and majestic spires.
“Monument Valley is the place where God put the West,” remarked John Wayne, who helped put the valley on moviegoers’ maps by filming Stagecoach there in 1938. Seventy-plus years later, the landscape is just as cinematic. A large bay window overlooks East and West Mitten Buttes, so named for their resemblance to the woolly hand warmers, and natural light floods the space all day. Ambitious early birds can watch the sunrise from one of the few tables lined up along the window (the restaurant opens at 7 a.m.). But arriving later has its benefits, too—like tasting Chef MacNeal Crank’s updated takes on his grandmother’s traditional Navajo recipes, such as fry-bread tacos or red chile posole, rich with buttery hominy.

Best Deal: The all-you-can-eat breakfast buffet ($6). Monument Valley Tribal Park, U.S. Hwy. 160 and 163, Monument Valley, Utah, 435/727-5555, monumentvalleyview.com, entrées from $12.

Theres even one close by, here in the states. how convenient!

Monday, August 29, 2011

Homes Of Jersey

 
If you’re one of the millions who tune into MTV’s “Jersey Shore,” you probably picture the state’s coastline communities as a thick cluster of tourist towns like Seaside Heights, crammed with debauched guidos and guidettes packing summer crash pads and looking for love, or the one-night equivalent.
But what you don’t see is the other side of New Jersey, where expensive estates fill some of the country’s most affluent areas. Ask longtime real estate agents about the real Jersey Shore and they’ll tell you (after a chuckle or a sigh) that for every boardwalk tourist trap, there’s a ritzy enclave of multimillion-dollar homes just down the beach.
With help from Trulia.com, Realtor.com, Sotheby’s International Realty and Coldwell Banker Residential Brokerage, we compiled a list of 15 homes sure to inspire a vacation.

Perched on the bay in Loveladies, this modern house has a master bedroom with private outdoor shower, screened porch with fireplace, gunite pool and dock with pool bath and shower and a dock with two boat lifts.
133 Pelican Dr., Avalon, NJ
For sale: $10 million
Cape May County’s Pelican Point estate, which comes fully furnished, has porches and porticos overlooking the Intercoastal Waterway and state-of-the-art security.
This 8,500-square foot manse sits on the Manasquan River, boasting a carriage house converted into a kitchen, a six-car garage and a dock with two boat lifts.
279 Bayshore Dr., Ocean City, NJ
For sale: $5.75 million
An expansive patio with hot tub offers views of the bay at this Victorian home, where interior amenities include a sauna, a Florida Room and two “powder rooms.”
1102 Shore Dr., Brielle, NJ
For sale: $3.1 million
This “resort style home” has outdoor terraces on each of its four stories and views of the Manasquan River.
These homes seem to be a litle nicer than the ones on the Jersey shore.

Thursday, August 25, 2011

Back in Time New York Appartment!


Embrace 19th-century visions of the future in this highly stylized Manhattan home. Have you ever wanted to live inside the retro-futuristic world of a Jules Verne novel? Do you prefer submarine portholes to skyline views? Then say hello to your dream home.
Jeremy Noritz is the owner of this unusual co-op in Chelsea. Mr. Noritz purchased the apartment in 2006 for $1.3 million, according to property records. ‘It was in very good condition, but very conservative and compartmentalized,’ he said in an email.
Transforming a plain-vanilla co-op into a Jules Verne wonderland took about two years. ‘Like other large projects, the initial budget and scope were quite modest compared to the beast it would eventually become,’ he said. The 1,800-square-foot space is configured as an open loft with one bedroom and two full baths, which are hidden behind walls of antique piping, gears and cogs.
Mr. Noritz, a filmmaker, said photos of zeppelins informed the design, as did steampunk style, which is inspired by science-fiction and fanciful interpretations of Victorian-era technology. ‘I wanted to build a unique experience for visitors and myself,’ he said.

The bathroom is divided into two sections accessed by a pulley.
Everything from large wooden gears weighing more than 500 pounds to the vintage recliners with built-in cup holders in the living room were collected by Mr. Noritz from metal foundries and antique shops. Sculptures, blimps and fans dangle from the ceiling.
Mr. Noritz weathered the front door to make it appear to have been salvaged from a submarine, complete with working porthole. ‘Manhattan‘s delivery guys love the functional hatch,’ he said. ‘I surprise them and grab my pizza. I feel like the door is emblematic of the space inside: Not just eye candy, but functional.’

H.G. Wells-inspired fixtures fill every room.
In the kitchen, antique wrenches double as drawer pulls and cabinet door handles. Some cabinets display antique fans instead of dishes. Mr. Noritz said the sepia-colored concrete floors were inspired by the patina of a favored Rodin sculpture. The focal point of the home is a color-changing zeppelin that appears to float from the ceiling. Past an arched brick wall is the bedroom, decorated to look like an exploded zeppelin. The bedroom holds a Murphy bed. It’s operated by another complex contraption—a deactivated bomb, that lifts and lowers to move the bed.

Translucent ducts emit moody yellow lighting, adding to the exotic ambiance.
The owner is selling the home—furnishings included—for $1.75 million. CORE holds the listing. ‘I imagine the buyer to be anyone with an appreciation for the arts,’ said Mr. Noritz, who added that the buyer could be ‘single or a family with pets. Someone who likes to cook and entertain would feel right at home.’
‘I find myself about to spend a long time away from New York,’ Mr. Noritz said. ‘I love my home dearly, but it’s time for someone else to enjoy it.’

This is a nice looking home!
Would you ever live in a place like this?

Wednesday, August 24, 2011

Geekiest Cities in America

There is no standard definition of a “geek,” however, the U.S. National Science Foundation has created a compelling taxonomy for its annual “Science and Engineering Indicators” report.
The most recent version defines “geeks” as any worker with a bachelor’s level of knowledge and education in science or engineering-related fields or workers in occupations that require some degree of technical knowledge or training. In “Science and Engineering Indicators 2010,” the NSF ranked the top 20 cities in the United States by the percentage of workers with jobs in science, technology, engineering and mathematics.
Based on the NSF’s criteria, the densest concentration of geeks in the U.S. cities is not necessarily where you would expect, with one big exception.
The capital of Silicon Valley, San Jose, Calif., is the geek capital of America, with 18.2% of the workforce employed in tech or science jobs. In second place: the counter-culture center of Boulder, Colo. It’s not only a favorite of hippies, nature and sports lovers–Boulder has also become a hotbed for tech startups. Some 17.4% of the workforce is engaged in tech or science jobs.
In third place is Framingham, Mass., where 16.6% of workers are science and math geeks. The city hosts the corporate headquarters of the consumer electronics maker Bose and the office supply chain Staples, and a sizable Genzyme research center.
Is there anything geekier than rocket science? In fourth place is Huntsville, Ala., home to NASA’s Marshall Space Flight Center, which has been at the forefront of the nation’s space exploration mission for five decades. Some 16.2% of the workforce is employed in science and math jobs.
In the United States, foreign-born geeks have become an engine of economic growth, especially geeks who emigrated from China and India. Today, more than a third of U.S.-resident doctorate holders came from China or India. Twenty-five percent of all college-educated workers in S&E occupations in 2003 were foreign born, as were 40% of doctorate holders in S&E occupations.
US Born and Foreign Born Innovators
But foreign-born geeks aren’t the only geeks bolstering innovation in America. On the contrary, the U.S. geek squad has steadily expanded for more than half a century. The number of geeks working in the U.S. grew at an average annual growth rate of 6.2% from about 182,000 in 1950 to 5.5 million in 2007.
In addition to the arrival of armies of foreign-born scientists and engineers, the U.S. educational juggernaut has sustained geek growth by minting more a science and engineering degrees than ever. Furthermore, the rate of retirement for most techno-laborers is lower than it is in the general workforce, primarily because geeks are generally younger compared to other U.S. workers.
More than 40% of all university-educated foreign-born workers had their highest degree from a foreign institution, up from about half that percentage before the 1980s.
Here are the nation’s five geekiest cities:
Durham, N.C. – amid Research Triangle – is the No. 5 geek city
#5 – Durham, N.C.
15.5% of workforce
41,560 workers employed
The Raleigh-Durham-Cary area, otherwise known as the Research Triangle, hosts Duke University and the third-highest percentage of adults with at least a bachelor’s degree.

Huntsville, AL is the No. 4 geek city
#4 – Huntsville, AL
16.2% of workforce
32,630 workers employed
NASA’s Marshall Space Flight Center in Huntsville has been at the forefront of the nation’s space exploration mission for five decades.
Framingham, MA, not far from M.I.T., is the No. 3 geek city
#3 – Framingham, MA
16.6% of workforce
25,940 workers employed
In West Framingham, Route 9 runs down the dividing line between the Framingham Industrial Park on the north side of Route 9 and the Framingham Technology Park on the south side. These parks boast the corporate headquarters of Bose and Staples, as well as a Genzyme research center and Capital One offices. In the picture above, Amar G. Bose, Chairman of the Board and Technical Director of Bose Corporation, foreground, watches a demonstration of a Bose suspension system for automobiles in the parking lot of his company.
Boulder, CO, is a surprise as the No. 2 geek city
#2 – Boulder, CO
17.4% of workforce
28,010 workers employed
Boulder is best known for baking its brains. The city boasts among the nation’s most indulgent annual celebrations of international weed smoking day on April 20. Fortunately, Boulder has a more than ample supply of brains to bake, with a large state university campus, numerous scientific institutes and a strong tech sector.
San Jose, CA, at No. 1, is the the grand daddy of geek cities
It’s not a surprise that San Jose would top the list, standing at the epicenter of Silicon Valley.
#1 – San Jose, CA
18.2% of workforce
165,400 workers employed


These may be some good cities to send your kids off to college at.
Are there any suprises here?

Tuesday, August 23, 2011

Homes of the Future

Since time immemorial, mankind has dreamed of what the future might hold. Would advances in medicine neuter deadly diseases as yet unconquerable? Would advances in science lead to the exploration of distant star systems? Would advances in architecture make houses look all curvy, like on the animated TV show “The Jetsons”?
In the middle decades of the 20th century, homes of the future were uniformly depicted in films and television shows as identical, no matter the purpose or location. A three-bedroom apartment in Honolulu looked exactly the same as a mansion in Duluth—gleaming and concave.
We’re now a full decade past 2001, but a quick look outside shows that the home of the future as depicted in films never quite caught on. Contenders are still being built, however. It’s just that society’s priorities have changed—homes are being designed with an eye toward sustainability and energy efficiency. These concerns are giving architects opportunities to push boundaries, break taboos, and try new things.
Some of the designs are bold, some are bizarre, and some seem unlikely to get past the drafting table. However, they all address current challenges and create new rules.
What are some notable examples of the new homes of the future? Check out these cool, futuresque homes:
Birds Island
Birds Island is a dwelling designed by Graft architects that addresses an age-old quandary—how do you enjoy the great outdoors and sit in your house at the same time? Located in Kuala Lumpur, the home has a silicone glass exterior “skin” that makes this very thing possible. It changes the transparency of the walls, allowing residents to drink in the views in all their splendor, get a canopy of shade, or shut everything out entirely.
Birds Island is also a sustainable dwelling, and its outer skin collects rain water, and harnesses solar energy and wind power. The structure’s placement on a pier is another nod to energy efficiency. It allows the natural cooling of the water underneath and permits energy collection and distribution from nearby lotuses.
Airdrop House
The Airdrop House is so futuristic and forward-thinking that it has yet to get past the artistic rendering stage, so anyone who wants one will have to wait until some distant tomorrow. However, they are being designed to provide emergency shelter to disaster survivors, so hopefully the need for them won’t come up too often.
The home is designed by Andrew Maynard Architects in response to the 2004 Indian Ocean tsunami and the aftermath of Hurricane Katrina. The home is intended to be air-dropped into disaster areas and used as a temporary shelter. Its design also permits the growing of plants on its surface, to provide both food and shade.


Dupli Casa
Many dwellings have been built with what its creators call a “futuristic design.” However, Dupli Casa, from Germany’s J. Mayer H. Architects, truly lives up to the description. In fact, the website Digsdigs.com covered it in a 2009 article titled, “The Most Futuristic House Design in the World.”
Dupli Casa is a three-story dwelling near Ludwigsburg, Germany. On the top floor, bedrooms jut out dramatically from the structure’s core, each with a window strategically angled to provide optimum views of the surrounding area. One such view is of David Chipperfield’s Museum of Modern Literature, which sits across the valley in the town of Marbach am Neckar.
Komb House
Karim Rashid is the architect behind the striking-looking Komb House. Rashid was born in Egypt and studied in Canada and Italy, and according to his own website, he has more than 3,000 designs currently in production.
Komb House uses state-of-the-art technology to minimize its environmental impact. The water is heated by solar panels, and the structure reuses grey and pluvial water. It’s composed entirely of reusable materials, such as wood and glass, and it can be taken apart and put back together again…should the need to do so ever arise.
Shell House
If one were flying over Karuizawa, Japan, and saw the roof of the Shell House, it’s possible that one could entirely miss the fact that it’s a house. The dwelling was created by the Japanese architecture firm ARTechnic, and its unusual exterior design resembles nothing so much as a cannoli transforming into a spaceship.
Described as “out of this world” on the website Trendir, the structure’s curves and ellipses give it a look like nothing before or since. It has sound design principles behind it, however, and takes advantage of natural light and interior textures, so you can feel at home once you’re actually inside of it.

These homes are interesting and a nice look into the creavite minds of the future.
What is your opinion? will we be living in homes like these in years to come?

Monday, August 22, 2011

Undesierable New Homes

There is a strong indication that home builders have almost ceased activity in several states as demand for newly built homes has dwindled. The slowdown in new home permits is particularly stark when compared to the total number of existing homes in each state. 24/7 Wall St. examined the number of building permits to find the states where no one wants to buy a new home.
Building permits are among the carefully watched statistics issues by the real estate industry each month. Permits are needed in most jurisdictions before individuals or contractor can begin physical work. Therefore, they are a reasonable indicator of future home construction. The data on permits is issued by the Commerce Department.
Building permit activity has fallen in most months since the 2007 housing crash — one that continues today. In the first half of 2005, slightly over one million permits were issued. By contrast, the number was the just below 300,000 for the first six months of this year. The decline in new permits in some states is over 80% for the same period.
Building permits are not enough in and of themselves to demonstrate a slowdown. Their size in relation to the total existing homes is also an indication of the state of the housing market. Consider that in a large state like California, across all towns and cities, just over 20,000 permits were issued during the first six months of this year. The number of permits may seem like a lot for a weak housing market, but is negligible when compared to the 13.6 million existing homes in the state.
24/7 Wall St. looked at the total number of building permits issued by each state for the first half of the year. We then identified the states that had the lowest percentage of new housing permits as compared to the total number of housing units.
Surprisingly, our list of states where few permits have been issued recently is different from the typical list of the worst housing markets. California, Nevada and Florida are always on those lists because homes are vacant and home values continue to drop. But the three are not on this list. It may be that prices have dropped so low in these markets that home inventory has begun to move, even if only tentatively. Instead, markets where housing permits are very small in relation to total homes are markets in which builders have abandoned any hope of near-term sales.
The 24/7 Wall St. analysis is another look through the prism that is the collapsing residential real estate market. Most data the public sees is based on home prices, number of homes sold or foreclosures. Housing permits are a way to look ahead at what is likely to happen in the markets in the next year. Once a permit is issued, the builder has no obligation to begin or complete the construction. This additional risk has a compounding effect.
These are the states where no one wants to buy a new home:
1. Rhode Island
Building permits/total housing units: 0.07%
Decline in building permits (2005-2011): -70.81% (22nd largest)
Building permits 2011 YTD: 312
Total housing units: 463,388

Foreclosure filings increased 4% in Rhode Island from the first six months of 2010 to the first six months of 2011, according to RealtyTrac. Foreclosures dropped by 29% for that same period on the national level. Rhode Island home sales decreased 20% from one year ago in the second-quarter, according to the Rhode Island Association of Realtors. Additionally, median home prices have dropped 2%. These numbers indicate that Rhode Island’s housing market is not recovering at the same pace as the majority of the country. For the first six months of this year, the state has issued a mere 312 building permits, the smallest number in the country.
2. West Virginia
Building permits/total housing units: 0.09%
Decline in building permits (2005-2011): -72.71% (17th largest)
Building permits 2011 YTD: 774
Total housing units: 881,917

West Virginia’s decline in building permits has slowed to almost a crawl. In the first six months of 2005, the state issued almost 3,000 permits. For the first half of 2011, that amount decreased to 774. If every permit were to result in a new housing structure, those homes would represent less than 0.1% of the total housing units in the state. Despite all this, construction is one area that is benefiting the state. According to the organization, WorkForce West Virginia, 700 construction jobs were added in-state this past July — the largest amount of jobs added in the private sector.
3. Illinois
Building permits/total housing units: 0.09%
Decline in building permits (2005-2011): -84.18% (3rd largest)
Building permits 2011 YTD: 4,897
Total housing units: 5,296,715

Illinois has seen an almost 85% decrease in new housing permits since 2005. This is the third largest drop in the country. There are a number of initiatives being made across the state to improve the housing markets. In Chicago, for instance, Mayor Emanuel has made a number of changes to increase the speed with which building permits are issued. Additionally, a “Micro-Market Recovery Program has been introduced to slow the city’s foreclosure rate.
4. Michigan
Building permits/total housing units: 0.09
Decline in building permits (2005-2011): -82.19% (7th largest)
Building permits 2011 YTD: 4,250
Total housing units: 4,532,233

Michigan is one of the states that has suffered the most from the recession. The state’s unemployment rate peaked around 15% in 2010. It is now at 10.5%, which is still significantlyhigher than the national average of 9.2%. The state has a vacancy rate of just under 15%, which is one of the highest in the country. New building permits have also decreased by over 80% since 2005, also one of the highest rates in the country. The state may now be more focused on tearing down old buildings than building new ones.
5. Connecticut
Building permits/total housing units: 0.09%
Decline in building permits(2005-2011): -74.06% (14th largest)
Building permits 2011 YTD: 1,403
Total housing units: 1,487,891

Connecticut has had one of the greatest declines in the number of new building permits in the country. This trend saw a small turnaround in June — the first monthly year-over-year gain in 2011 in new construction, according to the Connecticut Department of Economic and Community Development. However, the Hartford Courant reports that for the first six months of the year, residential construction was down 30 percent compared with the same period in 2010. June was also the first increase in home construction in five years.
6. Ohio
Building permits/total housing units: 0.12%
Decline in building permits (2005-2011): -76.61% (12th largest)
Building permits 2011 YTD: 6,184
Total housing units: 5,127,508

Ohio has suffered, and continues to suffer, greatly from the housing crisis. Over 8,000 homes were foreclosed in July 2011, the ninth-largest amount in the country, according to real estate company RealtyTrac. With such a high foreclosure rate, currently at one in every 608 housing units, housing is already too inexpensive for people to want to build. Ohio has therefore had one of the greatest decreases in building permits in the country over the past six years. Median existing home sales are also down in many areas of the state, according to data from the National Association of Realtors. In Toledo, prices are down 17% from one year ago, the third largest rate in the country.
7. Massachusetts
Building permits/total housing units: 0.12%
Decline in building permits (2005-2011): 69.55% (24th smallest)
Building permits 2011 YTD: 3,402
Total housing units: 2,808,254

Despite having a healthy economy compared to much of the country, Massachusetts’ housing market is beginning to face serious troubles. In June 2011, sales of single-family homes in the state decreased 23.5% from the year before, reaching the lowest level since 1991, according to the Warren Group, a New England real estate research firm. With so few home sales, it follows that not many new homes are being built. Year-to-date, building permits for 2011 are about one quarter of what they were in 2005.
8. New York
Building permits/total housing units: 0.14%
Decline in building permits (2005-2011): -61.85% (12th smallest)
Building permits 2011 YTD: 11,033
Total housing units: 8,108,103

New York State’s housing market is among the largest in the country. As a result, the number of permits is minuscule when compared to the state’s total housing units. Although new home sales decreased in the first half of 2011 from 2010, the number of permits actually increased slightly during that period, from 10,189 in 2010. This is significantly lower than 2005′s 28,921 permits.
9. Maine
Building permits/total housing units: 0.14%
Decline in building permits (2005-2011): -77.09% (11th largest)
Building permits 2011 YTD: 1,000
Total housing units: 721,830

Maine has seen one of the largest decreases in building permits in the past six years. This is not surprising as home sales in general declined substantially. Home sales for June 2011 decreased 21.39% from June 2010, according to the Maine Association of Realtors. The state’s median sales price also decreased 1.37% over this same period. According to numbers from the Census Bureau, Maine has the highest vacancy rate in the country, reaching 22.8% in 2010. However, this number also includes empty vacation houses.
10. Pennsylvania
Building permits/total housing units: 0.15%
Decline in building permits (2005-2011): -60.29% (11th smallest)
Building permits 2011 YTD: 8,136
Total housing units: 5,567,315

At the beginning of 2011, a number of new, restrictive building codes went into effect in Pennsylvania. This caused a rush among builders to secure permits, with housing permits increasing a massive 117.8% between November and December 2010, according to the Philadelphia Federal Reserve. The state’s housing market has not been doing well since. Permits issued from January to June 2011 fell 16% compared to the same six-month period one year earlier. The national average for permits issued in the first six months of 2011 compared to the first six months of 2011 is a decrease of 6%.

Its a good thing California is not on this list.

Are there any states you would refuse to live in?

Friday, August 19, 2011

5 Super-Expensive Foreclosures For Sale

Million-dollar-and-up homes are the fastest-growing segment of the U.S. foreclosure market, with banks seizing some 335% more such properties last year than they did in 2007.
“We’re seeing evidence in our data that the high-end market is starting to get hit more,” said Daren Blomquist of foreclosure watcher RealtyTrac.com. “I think high-end homeowners have a little more ‘padding’ to get through tough times if they experience a job loss or other trouble. But as the tough times continue, more and more of these homeowners are succumbing to foreclosure.”
True, RealtyTrac’s latest figures show that homes with $1 million or higher mortgages represented just 2.3% of houses in foreclosure during the first 10 months of last year. But that’s nearly twice as many such houses as in 2007.
Blomquist suspects more rich people are falling into foreclosure because they had mortgages they could easily afford in good times, but can no longer cover in today’s tough economy.
“No matter how wealthy you are, there’s always that potential that you’ll lose your job,” he said. “Even if you have a very high income, you’re always susceptible to not being able to make your mortgage payments.”
The good news: Well-heeled house hunters may find they can pick up million-dollar-and-up foreclosures on the cheap. The latest available RealtyTrac figures show foreclosed homes sold for 27% less on average than nonforeclosed properties did during 2011′s first quarter.
Here are the five highest-priced U.S. foreclosures listed for sale on Realtor.com:

The Villa Mar Vista Estate, Laguna Beach, CA
For sale: $19.95 million
Bedrooms: Four
Bathrooms: Seven
Square footage: 11,333
Built in: 2010
This newly built estate’s listing describes the property as “a sublime junction of privacy, acreage, generous interiors, tasteful design, plentiful outdoor spaces and vast coastal vistas.”
Located about an hour south of Los Angeles in tony Laguna Beach, the Contemporary-style home features four bedroom suites, six full bathrooms and one half-bath, an in-home theater, an infinity-edge pool, a spa, a 20-car garage and private heliport.
Craftsman windows and French doors look out over the property’s gardens and terraces and out to the Pacific Ocean, which is less than a half-mile away. You’re also just a few blocks from the Aliso Creek Golf Course.

The Razor, La Jolla, CA
For sale: $25 million
Bedrooms: Four
Bathrooms: Eight
Square footage: 11,000
Built in: 2007

You’ll have to act fast if you want to buy the Razor residence, because it’s going up for auction Sept. 28 if it hasn’t sold by then. Bidding will start at $16 million — cash only, please.
Located on bluffs some 15 miles north of San Diego, the Razor (named after a bluff at the nearby Torrey Pines State Natural Reserve state park) overlooks the Pacific Ocean from just a few hundred feet away.
The 11,000-square-foot Contemporary-style home features four bedrooms, six full bathrooms, two half-baths, two fireplaces, a heated pool, a dog run, an eight-car garage and a two-space carport.
Architectural Digest profiled the house in 2008, while Calvin Klein used it as the backdrop for a TV spot for its new high-end Calvin Klein Collection. Visa also shot a commercial there for its top-of-the-line Visa Black Card.
The house is near the University of California at San Diego, the Salk Institute for Biological Studies, the Del Mar thoroughbred race track and the Torrey Pines Golf Course, site of the 2008 U.S. Open.
“This home is truly one of a kind,” listing broker Bob Hurwitz says. “With today’s building restrictions, nothing like it could ever possibly be built again in this location.”
East Mockingbird Lane, Paradise Valley, AZ
For sale: $17.995 million
Bedrooms: Seven
Bathrooms: Ten
Square footage: 17,015
Built in: 2009

This estate features a main house with five bedrooms, three family rooms, two libraries, a billiard room, a wine room, a piano room and a hidden “panic room.” There’s also a mahogany in-home theater with a Dolby sound system and 13 seats that move in sync with the screen action. (A talking, singing Elvis Presley robot greets you at the theater’s glass entrance booth.)
Other amenities include a two-bedroom guest house, two swimming pools, an on-site solar-power station and a $1.2 million security system. There’s climate-controlled garage space for 21 cars — including a four-car “show garage” outfitted with restored genuine gas pumps from the 1920s and ’30s.
Located just outside Phoenix and Scottsdale, Ariz., the estate is a mile or so from the Phoenix Mountains Preserve, the Camelback Golf Club and the McCormick Ranch Golf Course.
The Wyndham Estate, Newport, RI
For sale: $7.9 million
Bedrooms: Seven
Bathrooms: Eight
Square footage: 12,500
Built in: 1891

Located less than a mile from Newport Harbor on the Atlantic Ocean, the Wyndham Estate combines classic 19th century looks with 21st century updates.
The Baronial-style mansion features seven bedrooms, eight bathrooms, four fireplaces, a ballroom, a music room and a rooftop deck and whirlpool with ocean views out to Martha’s Vineyard some 20 miles away. The manicured grounds also host a man-made pond, waterfall and garage space for nine cars.
The Newport Country Club, New York Yacht Club and Ocean Drive State Park are nearby.
Biltmore Estates Drive, Phoenix, AZ
For sale: $6.95 million
Bedrooms: Nine
Bathrooms: Eleven
Square footage: 17,799
Built in: 2002

Located in Phoenix next to the Arizona Biltmore Golf Course, this 1-acre estate features nine bedrooms, 11 bathrooms, five fireplaces, an in-home theater, library, wine cavern and al fresco patios, balconies and outdoor dining/dancing terraces. The rear courtyard hosts a massive heated pool and an adjacent spa.
In addition to the Arizona Biltmore Golf Course, nearby attractions include the Phoenix Mountains Preserve and Paradise Valley and Arizona country clubs some two miles away.
If only these people had known about a short sale!

Wednesday, August 17, 2011

The Walkable Cities

Living within a quick drive of work, the store, school or public transportation is nice, but only having all of those items a few blocks away makes your neighborhood “walkable.”
The people behind Walk Score, a Seattle-based service that rates the convenience and transit access of 10,000 neighborhoods in 2,500 cities, have spent the past four years judging the distance between residents and amenities and ranking places based on the results. That “walkability” led to the first set of rankings in 2008 and the use of those rankings by more than 10,000 cities, civic organizations and real estate groups in the years that followed.
Walk Score’s ideal neighborhoods have either a main street or public space at the center, enough people to keep public transit running frequently and a good mix of housing and businesses. Parks and other public spaces make up a large part of the equation, as do amenities designed around pedestrians, nearby schools and workplaces and “complete streets” designed for pedestrians, cyclists and transit.
“Very often, you’ll see a good pedestrian design with sidewalks and crosswalks that make a city more accessible and walkable,” says Josh Herst, chief executive of Walk Score. “Even in cities that on the whole aren’t that walkable, there are neighborhoods that are great places to walk.”
A CEOs For Cities study based on Walk Score data insists that a walkable neighborhood adds an average $3,000 to a home’s selling price. And University of British Columbia professor Lawrence Frank found that residents of walkable neighborhoods tend to be at least seven pounds lighter than their counterparts in more sprawling areas.
Here’s a look at Walk Score’s Most Walkable Cities of 2011 and the amenity-packed neighborhoods that made the difference:
5. PhiladelphiaWalk Score: 74.1
Any tourist who’s seen Independence Hall and stopped into a Wawa for Tastykakes and directions can tell you that the city’s most walkable neighborhoods in Center City, the Old City and along the riverfront near Penn’s Landing are some of the easiest to navigate in the country. What locals probably won’t tell the average cheesesteak-chomping out-of-towner is just how easy it is to get around South Philly and its surrounding neighborhoods.
Except for the extreme northeast, southwest and northwest corners of the city, much of Philadelphia’s fairly easy to get around. About 95% of the city is easily accessible by means other than a car, but it’s just a matter of doing so.

There’s no shortage of cars in this town, and the city’s conflicted relationship with the Southeastern Pennsylvania Transit Authority may have something to do with it. Septa’s bus, subway, light rail and commuter rail services handled 327.6 million passengers this year, including travelers taking the airport line right into Center City. That’s great and all, but it’s still less than the ridership of a Boston MBTA that covers a city nearly one-third Philadelphia’s size.
4. ChicagoWalk Score: 74.3
The city’s broad shoulders aren’t nearly as important as its broad sidewalks and bus and subway options when it comes to walkability.
The city’s restaurants, theaters, shops and other amenities are closer and more accessible the nearer one gets to Lake Michigan. Lake View and Wrigleyville or West Town and Wicker Park are great place for living car free. Stray too far west or south, however, and you’ll end up in the 4% of Chicago neighborhoods that need an automotive assist.

The Chicago Transit Authority helps level the extremely wide playing field with buses and trains that helped roughly 515 million riders get through the city last year. That includes the throngs of tourists and business travelers flying into O’Hare and Midway and taking CTA trains into the city. Another 70.5 million riders who take the commuter rail in from the suburbs each day make a strong argument to keep the car under wraps until the snow stops falling.
The town can still be a mixed bag when it comes to getting around, however. If you’re barhopping or looking for good Italian beef in Old Town, Lincoln Park or Near North Side, you won’t have to stray far. If you’re trying to make it to a play in Pilsen after a barbecue in New City, however, it’s a crapshoot.
3. BostonWalk Score: 79.2
Residents of the Back Bay, Beacon Hill, the South End and Fenway who feel they weren’t built for cars can sleep soundly knowing their neighborhoods weren’t either.
It’s easy to get to just about any point in this city without ever sitting behind the wheel of a car because the city’s first residents needed it to be that way. The winding streets Mayor Thomas Menino calls “cow paths” were often just that. The city’s Colonial-era survival was based on its density, residents’ proximity to goods and services and the ability to get those goods home without carrying them a great distance.

“Cities that were largely built in World War II and post-World War II were built with the car at the center of them,” Herst says. “When you think about cities like Boston and New York City, at least at the center of them, they were built into meaningful metropolises before the car.”
The oldest subway system in America has helped make it easier for Bostonians to get from place to place, but T riders disenchanted with the aging system might prefer pulling cattle. The Massachusetts Bay Transportation Authority moved more than 373 million riders through its light rail, commuter rail, ferries and buses last year, with 149 million of those riders taking a subway that has had portions running since 1897.
2. San FranciscoWalk Score: 84.9
Walk Score considered it the most walkable city in America back in 2008 and it probably still would be if more New Yorkers weren’t paying exorbitant sums for shoeboxes in SoHo or “lofts” with a few hundred feet on the Lower East Side.
There hasn’t been a whole lot of change since then, which is just how residents who’ve tried to minimize car-related change like it. San Francisco’s compact, concise layout didn’t take the car into consideration when it was incorporated in 1850 or after it was rebuilt following the 1906 earthquake. Even while the rest of America was having a love affair with the car during the 1950s, local protesters were busy stopping freeways from running through town.

As a result, 17 of its neighborhoods rank among the top 150 most walkable in the country, with Chinatown and the Financial District sitting behind only New York’s TriBeCa, SoHo and Little Italy. Only 1% of the city lives in areas dependent on cars.
This has made the city’s mass transit especially vital. Despite the expense and lack of deals for monthly passes, the Bay Area Rapid Transit subway system carried more than 100 million passengers last year and the San Francisco Municipal Railway took on another 209.5 million. That doesn’t include other commuter rail and bus service from Silicon Valley and elsewhere that added more than 20 million riders to the mix. San Francisco might want to consider clamoring for a walkability recount.
“The margin is very small,” Herst says. “Both cities are very walkable and we’re calling on our community to vote for the city they think is more walkable to help break the virtual tie.”
1. New YorkWalk Score: 85.3
Manhattan’s 16 miles long and two miles wide and has been walkable since the days when the only other transportation option involved an animal. Densely packed areas such as Brooklyn’s Fort Green, Park Slope and Carroll Gardens and Bay Ridge, Queens’ Sunnyside and Astoria/Long Island City and the South Bronx, University Heights and Fordham neighborhoods in the Bronx are giving Manhattan a run for the money thanks to tightly packed areas that are only increasing in density.
“New York’s narrow move past San Francisco in the 2011 ranking is largely a result of updated census data,” Herst says. “There are more people living in more walkable neighborhoods in New York.”
The Metropolitan Transit Authority is feeling every bit of that growth, too. Last year, the MTA moved more than 3.2 billion riders with its buses and subways, with more than two-thirds of that total riding the rails. That doesn’t even count the 81 million commuter rail riders taking the Metro-North, another 95 million on the Long Island Railroad, 4.3 million on the Staten Island Railway and millions more coming in on New Jersey trains.

Not only is the overwhelming majority of New York eminently walkable, but only 2% of all New Yorkers live in neighborhoods that require owning a car.
Wouldn’t this be a great way to dave on gas these days.
What do you think about these cities?

Tuesday, August 16, 2011

Refi the Basics

In recent years, millions of homeowners have taken advantage of low rates and refinanced their mortgages. This article describes the advantages and possible pitfalls associated with a “refi.”
Before You Start:
  • Remember that refinancing to reduce debt can be a smart move, but refinancing in order to borrow more for consumer purchases (car, vacation, etc.) could set you back significantly.
  • Read the fine print on your current mortgageto learn whether you’ll be assessed penalties or fees for “getting out” of that loan early.
  • Make sure you know whether you have a fixed or variable interest rate and what the terms are.
Home Refinancing Basics
In recent years, Americans seeking to take advantage of low interest rates have lined up to refinance their mortgages. In fact, refinancing hit an all-time high in 2003, and remained high in both 2004 and 2005, according to the Mortgage Bankers Association of America.
But while it’s true that refinancing has the potential to help you reduce the costs associated with borrowing money to own a home, it is not necessarily a strategy that makes sense for every individual in every situation. So before you make a commitment to refinance your mortgage, it’s important to do your homework and determine whether such a move is the right one for you.
To Refinance or Not
The old and arbitrary rule of thumb said that a refi only makes sense if you can lower your interest rate by at least two percentage points for example, from 9 percent to 7 percent. But what really matters is how long it will take you to break even and whether you plan to stay in your home that long. In other words, make sure you understand – and are comfortable with – the amount of time it will take for your overall savings to compensate for the cost of the refinancing.
Consider this: If you had a $200,000 30-year mortgage with an 8 percent interest rate, your monthly payment would be $1,468. If you refinanced at 6 percent, your new monthly payment would be $1,199, a savings of $269 per month. Assuming that your new closing costs amounted to $2,000, it would take eight months to break even. ($269 x 8 = $2,152). If you planned to stay in your home for at least eight more months, then a refi would be appropriate under these conditions. If you planned to sell the house before then, you might not want to bother refinancing. (See below for additional examples.)
Remember: All Mortgages Are Not Created Equal
Don’t make the mistake of choosing a mortgage based only on its stated annual percentage rate (APR), because there are a variety of other important variables to consider, such as:
The term of the mortgage – This describes the amount of time it will take you to pay off the loan’s principal and interest. Although short-term mortgages typically offer lower interest rates than long-term mortgages, they usually involve higher monthly payments. On the other hand, they can result in significantly reduced interest costs over time.
The variability of the interest rate – There are two basic types of mortgages: those with “fixed” (i.e., unchanging) interest rates and those with variable rates, which can change after a predetermined amount of time has passed, such as one year or five years. While an adjustable-rate mortgage (ARM) usually offers a lower introductory rate than a fixed-rate mortgage with a comparable term, the ARM’s rate could jump in the future if interest rates rise. If you plan to stay in your home for a long time, it may make sense to opt for the predictability and security of a fixed rate, whereas an ARM might make sense if you plan to sell before its rate is allowed to go up. Also keep in mind that interest rates hovered near historical lows in recent years and are more likely to increase than decrease over time.
Points – Points (also known as “origination fees” or “discount fees”) are fees that you pay to a lender or broker when you close the deal. While a “no-cost” or “zero points” mortgage does not carry this up-front cost, it could prove to be more expensive if the lender charges a higher interest rate instead. So you’ll need to determine whether the savings from a lower rate justify the added costs of paying points. (One point is equal to one percent of the loan’s value.)
Stick With What You Know?
Finally, keep in mind that your current lender may make it easier and cheaper to refinance than another lender would. That’s because your current lender is likely to have all of your important financial information on hand already, which reduces the time and resources necessary to process your application. But don’t let that be your only consideration. To make a well-informed, confident decision you’ll need to shop around, crunch the numbers, and ask plenty of questions.
Summary:
  • The decision to refinance should only be made if the long-term savings outweigh the initial expenses. To calculate your break-even point, divide the cost of the refi by your monthly savings. The resulting figure represents the number of months you will need to stay in the home to make the strategy work.
  • Don’t select a new mortgage based only on its annual percentage rate.
  • Also evaluate the term of the loan, whether the interest rate is fixed or variable, and the relative merits of paying up-front fees in exchange for a lower rate.
  • Your current lender already knows you and has your financial information on file, so you may be able to get a better deal that way, instead of going to a new lender.
  • To get the best possible refinancing deal, you’ll need to shop around, crunch some numbers, and ask a lot of questions.
Checklist:
  • Shop around and conduct a detailed cost assessment (with a financial professional, if necessary) to identify which mortgage offers the greatest financial benefits.
  • Read the entire contract before signing. Don’t let anyone pressure you or rush you to make a hasty decision.
  • If refinancing results in lower monthly payments, use those savings to pursue other important goals, such as preparing for retirement and college costs.
It is best to stay educated in all of the options avaliable to you as a home owner, buyer, and seller. Make sure you read up on the latest programs and know that information is always free.

Monday, August 15, 2011

Where to live in America

With the current state of the economy — and the dispiriting sight of the nation’s leaders endlessly battling about how to fix it — the phrase “small town” conjures up images of a happier time. When unemployment wasn’t above 9%. When people didn’t stress out about home values. When school budgets weren’t under siege. Those were the days, right?
“Those days” are right now — if you know where to go. A team of seven MONEY reporters spent months combing through reams of data provided by OnBoard Informatics and other sources and fanning out across the country to identify small towns (those with populations of less than 50,000) that stand out in the qualities American families care about most.
The goal: Find the best combination of job opportunities, fiscal strength, top-notch schools, safe streets, good healthcare, cultural and outdoor activities, even nice weather. The result: MONEY’s 100 Best Places to Live. The top 20 follow. (Demographic information provided by Onboard Informatics.)

This sunny, lively mountain town is safe (crime rates are among the lowest in Colorado) and easy to navigate. Lots of good jobs in tech, telecom, aerospace, clean energy, and health care can be found right in Louisville, and more are on their way. And there’s world-class mountain biking, hiking, and skiing in the nearby Rockies. Real estate prices have barely budged since 2005, yet a typical three-bedroom house here still runs less than a comparable one in nearby Boulder. Its schools consistently rank among the top three academically in the Denver area. -Jessica Levine
2. Milton, MA

Top 100 rank: 2
Population: 27,000
Unemployment: 6.6%
Milton is just minutes from the jobs and culture of Boston but feels in places like a country getaway. Tree-lined streets are dotted with historic homes. Single-family home prices have remained essentially unchanged since the market’s peak in 2005. One major reason for this stability is the outstanding school system, which boasts six brand-new buildings and offers such rich opportunities as a French immersion program that begins in elementary school. The downside: high taxes. -Ismat Sarah Mangla

 3. Solon, OH
  

Top 100 rank: 3
Population: 23,300
Unemployment: 8.2%
Solon is a small town with a large tax base: Major employers include Nestle, L’Oreal, and industrial equipment maker Swagelok. Solon punches above its weight in other areas too. Health care? The world-renowned Cleveland Clinic has a family health center here. Culture? Solon has its own philharmonic orchestra. Schools? Solon was the highest-achieving district in Ohio last year. And the student body is diverse: 11% of residents are black, 10% Asian. -Anne C. Lee

4. Leesburg, VA

Top 100 rank: 4
Population: 42,600
Unemployment: 4.1%
Leesburg, which snuggles up to the Virginia-Maryland border, offers proximity to plenty of good jobs not just in government but also in defense contracting, consulting, and technology. True, commutes can be abysmal. But residents say that the tradeoff to live in this pretty town, which has seen more history than a Ken Burns film, is worth it. Many antebellum red-brick buildings still stand, now filled with restaurants and art galleries. On the negative side, there are some run-down neighborhoods. -Pieter van Noordennen
5. Papillion, NE Top 100 rank: 5
Population: 18,900
Unemployment: 4.2%
Nebraska, sexy? You’d better believe it. With agriculture booming, towns here are showing employment and housing-market strength that’s the envy of the coasts.



Papillion is no exception; its economy benefits from a broad base of industries, including health care and transportation, in nearby Omaha.In June, energy company Black Hills Corp. moved its local headquarters — and 130 jobs — here. There are also excellent schools, a five-month-old AAA baseball stadium, a new retail and restaurant complex, and loads of green space. -Sarah Max
6. Hanover, NH Top 100 rank: 6
Population: 8,600
Unemployment: 4.4%


Dartmouth College, located in this hamlet near the White Mountains, gives Hanover an economic, social, and cultural advantage rare in towns so far from major urban centers. Unemployment in town is about half the statewide average (Dartmouth and its top-rated medical center provide over 12,000 jobs). Graduate programs spin out entrepreneurial start-ups in almost every industry. Housing — which ranges from century-old Victorians to new construction — isn’t cheap, however. And students account for some fraternity-style rowdiness. -P.N.



7. Liberty, MO

Top 100 rank: 7
Population: 29,100
Unemployment: 7.6%
Known to tourists as the town where Jesse James’ gang staged its first daytime bank robbery — and where Mormon prophet Joseph Smith languished in jail before fleeing west — Liberty today is a charming place with a quick commute to Kansas City’s mix of jobs in telecom, engineering, and life sciences. The school district is consistently ranked as one of Missouri’s best; student musicians play in a new state-of-the-art facility, and budding broadcast journalists have their own public-access channel. William Jewell College, with its lovely hilltop campus overlooking Liberty, lets residents take advantage of many cultural offerings. -Vanessa Richardson

8. Middleton, WI

Top 100 rank: 8Population: 17,400
Unemployment: 5.1%
Middleton is right next to state capitol Madison and boasts 17,000 jobs right in town (employers include pharmaceutical company PPD and Electronic Theater Controls, the world’s biggest theater lighting company). Its walkable downtown has plenty of good restaurants, shops, and quirky attractions (National Mustard Museum, anyone?). Even its developments are cool: a Frank Lloyd Wright-inspired mixed-use project thoughtfully blends homes and businesses. And Middleton offers residents lots of parks and trails — including a new free splash park. -I.M.
9. Mukilteo, WA

Top 100 rank: 9
Population: 20,300
Unemployment: 8.2%

As West Coast towns go, Mukilteo (pronounced MUCK-ill-TEE-oh) is in good economic shape. Bank-owned homes represent a small fraction of houses on the market, and area employers, including Boeing, are hiring again. It has affordable homes by Seattle standards, good schools, and a killer location right on Puget Sound. And the town is spending to beef up its attractions: A new 29,000-square-foot community center debuted in February, and historic Lighthouse Park recently got a makeover. -S.M.

10. Chanhassen, MN

Top 100 rank: 10
Population: 23,000
Unemployment:5.5%
Despite some 2011 budgetary brouhahas in the state of Minnesota, Chanhassen has plenty going for it — including good jobs right within its borders (manufacturing and technology company Emerson is based here), evening diversion (the Chanhassen Dinner Theater is the nation’s oldest and largest), and nature galore (34 parks, 11 lakes, and the enormous Minnesota Landscape Arboretum). The town’s new state-of-the-art high school has racked up some national awards in just its second year. -I.M.


11. Sharon, MA

Top 100 rank: 11
Population: 17,500
Unemployment: 6.6%

Halfway between Boston and Providence, R.I., Sharon was settled way back in 1673; a church in town has a bell made by Paul Revere.

It has long been a popular summer destination thanks to Lake Massapoag, which draws swimmers and boaters. For a small town, Sharon is diverse, with many institutions serving the Jewish, Christian, and Muslim communities.
While there aren’t many jobs in town, residents who wish to commute to Boston have easy access via commuter rail. -Noelia de la Cruz
12. Farmington, UTTop 100 rank: 12
Population: 18,300
Unemployment: 6.7%
This friendly town near the Great Salt Lake lies 20 minutes from Salt Lake City’s job and cultural opportunities. More Small Town USA than suburb, Farmington is safe and quiet. That’s not to say it’s no fun: in the center of town is Lagoon, a 125-year-old amusement park that attracts visitors from all over Utah. The town has a mix of expensive turn-of-the-century houses and more affordable homes; a typical three-bedroom ran around $180,000 in mid-2011. What’s more, Farmington’s taxes are low, yet the town is in excellent financial shape. -Angela Wu


13. Johnston, IA

Top 100 rank: 13
Population: 15,500
Unemployment: 6.0%
Agriculture is booming, and so is this small town in farm country: It has doubled in population over the past decade. Seed company Pioneer Hi-Bred and Iowa Public Television are both headquartered here, and the Camp Dodge military base provides stability. Architecture buffs take note: there’s a private residence designed by Frank Lloyd Wright in town. Des Moines is a commutable 14 miles away. And 10 miles north of here is Saylorville Lake, a popular summertime spot for boating and fishing. -N.D.
14. Arden Hills, MNTop 100 rank: 14
Population: 9,600
Unemployment: 6.6%

More people work than live in this town 10 miles from the Twin Cities. The families that do call Arden Hills home are attracted by a top-rated school district and a trail system that connects parks, playgrounds, and lakes. The town is known for its strict tree preservation laws, which means that even the newest subdivisions have so many mature trees that they seem like long-established neighborhoods. On the negative side, there’s a Superfund site in the area — but the EPA estimates that the cleanup process is almost complete. -A.W.

15. Sammamish, WA

Top 100 rank: 15
Population: 46,700
Unemployment: 7.9%
If you’re looking for the Pacific Northwest ideal — snow-capped mountains and scenic lakes — Sammamish might be for you. Puget Sound and ski resorts are both an hour from this affluent Seattle suburb. High-tech employers in the area include Boeing, Amazon, and Microsoft, which is headquartered just 15 minutes away. Incorporated just over a decade ago, Sammamish still doesn’t have a real center where the community can gather. But local officials are working on a new downtown with retail, recreation, and town services. -A.W.
16. Acton, MATop 100 rank: 16
Population: 22,000
Unemployment: 6.0%

Thought it’s easily accessible to Boston by commuter rail, Acton feels very much like its own place.

It’s a picture-perfect New England town, complete with Revolutionary War landmarks, historic homes, and lots of open space.One of Acton’s biggest draws is its progressive regional school district, which consistently ranks among the best in the state.
Major area employers include IBM’s largest software campus and a branch of Cisco Systems, located in the nearby towns of Littleton and Boxborough, respectively. -N.D.
17. Montville, NJTop 100 rank: 17
Population: 21,800
Unemployment: 7.0%



This affluent town is in Morris County, home to many big employers. More than 50 Fortune 500 companies have headquarters, major facilities, or offices in the region, including AT&T, Pfizer, Honeywell, and Bayer Healthcare Pharmaceuticals. True, Montville lacks a proper downtown. But its location — it’s an hour away from New York City, the beaches of the Jersey shore, and the Mountain Creek Ski Resort — help to make up for that. -N.D.

18. Newcastle, WA

Top 100 rank: 18
Population: 10,200
Unemployment: 7.9%


The volunteer spirit is alive and well in this former coal-mining town 13 miles from Seattle. Despite serious budget cuts that threatened the city’s summer 2011 events, local businesses and citizens offered time and cash to keep the community’s concerts and fireworks afloat. There’s a 350-acre golf course here, not to mention 12 parks; the 3,115-acre Cougar Mountain Wildland Park is right next door. Newcastle residents can jump on a trail in the city and end up in the “Issaquah Alps.” Tech employers such as Microsoft are almost as easily accessible. -A.W.
19. Castle Rock, COTop 100 rank: 19
Population: 37,200
Unemployment: 6.7%

With roots in mining and railroads, this affluent town offers an updated taste of the Old West. It boasts an historic downtown area, 265 acres of parks, and 44 miles of trails. Douglas County Rodeo comes to town each summer, complete with a fair and parade. And there are bargains to be had at the nearby outlet mall. The local economy is improving too. A manufacturer for wind turbine parts recently moved to Castle Rock, and officials have earmarked an economic development assistance fund of $5 million to bring new businesses to town. -A.W.
20. Superior, CO

Top 100 rank: 20
Population: 12,900
Unemployment: 6.3%
This former coal-mining town is a cyclist’s dream. Superior’s stunning mountain roads draw hundreds to the annual Morgul Classic bike race, and the town recently built a BMX bike park. Homes are more affordable here than in nearby Boulder, but residents have access to the same high-performing school district. Many of the city’s well-educated and affluent residents work in the tech sector, at Denver-area employers such as Oracle. -A.W.




Gives you plenty to think about and lots of options.