San Diego Home Sale Controversy
A real estate transaction, where a San Diego County official's significant other sold a home in San Diego to a lawyer who weeks later began working with her husband, is now being looked into by investigators.
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Veterans Come to La Jolla Shores
Veterans are traveling from across the U.S. to participate in athletic events at La Jolla Shores. The event
will run through the 3rd of next month and will begin today. The event is being held in order to
honor those who have been recently injured in combat.
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Some La Jolla Residents Concerned Over Lifeguard Station
Looks like there soon may be a new 1,500 sq ft lifeguard station in La Jolla Shores. Recently an appeal was denied over
lack of targeting environmental issues, making room for the new project to be completed by 2010. However, there is a good
chance there will be another appeal, which will cause more delays.
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La Jolla Supports Renewable Energy
La Jolla community
members will be rallying in front of the Gilman structure, located at UCSD. The
structure utilizes renewable energy by using solar panels. The rally is being held in order
to show the communities' commitment to reducing emissions and their belief in the continued use of
renewable energy sources.
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Can the Government Really Save the Housing Market?
Although the California real estate market is doing better than most, it is still a slow recovery
process, especially as news of the tumbling stock market and the myriad of government bailouts hit
the news. La Jolla resident James Uarania said, "Without the government bailout, we would have
been in serious trouble".
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California Housing Market Leads the Way
An article came out today talking about California as being in the forefront when it comes to
housing markets that are beginning to heat up. With the combination of decreasing prices and low
interest rates, not to mention the pent up energy from those who have otherwise been patiently
waiting, the California housing market is in perfect shape to withstand a surge in home sales.
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Tennis Championship Coming to La Jolla
La Jolla residents will soon, once again, be treated to the USTA Tennis Championship beginning
on the first of December and running through December seventh. The championship will take
place at the La Jolla Beach and Tennis Club and is being held for pros, semi-pros and the top
players over the age of thirty-nine.
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Federal Reserve Makes Moves to Overcome Credit Crisis
Late today, the Federal Reserve said it is planning on taking measures to help aid the
credit crisis, which is by far the worse we have seen in years. For starters, the
Federal Reserve will expand assets allowing banks to gain access to emergency
loans.
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Real Estate Assets Dept. Working on La Jolla Kayak Proposal
The ongoing problems for La Jolla Kayak operators still continues. However, now La Jolla's kayak businesses are talking about coming
together to speak as one voice. The La Jolla Kayak operators are now in talks of forming an
association to combat the possible restrictions for the businesses, such as using a lottery system that would
prevent the number of kayaks during the busiest times of the season.
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Good News for Fannie Mae and Freddie Mac Bailout
Here are some of the good things to come from the recent government takeover of Fannie Mae and Freddie Mac. For one
the government will back bond payments, which will give investors confidence to purchase mortgage bonds.
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Study Finds La Jolla Real Estate to be Most Expensive
A recent study finds that
La Jolla real estate has some of the most expensive homes in the
country. No real surprise, right? Out of the top ten highest priced housing markets, California
owns eight of those spots.
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Lower Mortgage Rates Won't Bailout Housing Market
Rates for mortgages declined today after news came of a government takeover of Freddie Mac and Fannie Mae. However, although
mortgage rates went down, experts are predicting better rates for loans may not happen and cannot be expected to
be the impetus in the recovery of the ailing housing market.
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New Loan Rules from the Fed
Here are a couple of the new Fed rules to prevent future mortgage troubles. There is really not much they can do about what
has already been done, but these rules, which are effective October 1, 2009, should do the trick.
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More Details from the 2008 Housing Act
As we reported in an earlier article, the new Housing Act of 2008 offers first time home buyers, who qualify, a
tax credit up to $7,500. First time homebuyers are considered to be those who have not
purchased a home in the last three years. Another requirement is you must purchase a home before
July 1, 2009. Tax credits will go to those who purchase single family homes, condos, townhomes and
even those who purchase a houseboat will be eligible.
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La Jolla Shores Update
For years, there has been quite a demand for kayak rentals and tours in the La Jolla Shores area. Considering that
the city of San Diego is one of the top vacation destinations and taking out a kayak is rated in the
top 5 things you should do while vacationing in San Diego, it is no surprise that kayak operators are making such
a stink about the recent proposals.
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La Jolla Rough Water Swim This Month
For nearly eighty years, people have come from all over to swim the ocean at La Jolla Cove during the 1st week
of September. This year is no exception and thousands of people are expected to race in the La Jolla Rough Water
Swim.
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Office Building Sold in La Jolla for Nearly $4 Million
A 2-story office building on Eads Ave located in La Jolla, CA, has sold for nearly four million dollars. This
commercial piece of real estate is almost ten thousand square feet, averaging over
four hundred dollars per square foot.
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