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It's Been Said Many Times Before For Many Years Now...

Monday, January 23, 2006

But perhaps the naysayers are finally catching on with the public's increasingly negative view of the state of real estate in certain markets.

Here's a list of the top 100 markets in the US and their relative over or under value.

With both Atlanta (2%) and Augusta (17%) showing as undervalued, I see little to no risk of major corrections in this market.

If you live anywhere in California or other inflated markets, prepare for what will surely be a wild ride!

Smart homeowners will be advised to watch out below for those who did not adequately prepare to hold onto their homes long term (ie: Option ARM borrowers) and all those homeowners who in the next 5 minutes realize they should probably pick up their chips off the table and cash out (ie: people with TONS of equity).

They will all be doing it as fast as possible once they come to their individual realizations.

The story of a grasshopper and a squirel comes to mind...

posted by Craig M Beck at 11:03 AM 0 comments  

Please Take The Time to Read This

Sunday, January 22, 2006

I almost glazed over this article on the front page of the AJC this morning. Call it "Iraq Fatigue" from reading the paper everyday, along with TIME and Businessweek.

I'm glad I didn't succumb. This is the touching story of just one of the human faces fighting an ugly war overseas. I believe Sgt. 1st Class Patrick Eaton, a 23 year career soldier, has few, if any, equals in his presence there or back here in the country he has pledged his life to defend.

If all our leaders were as well educated, enlightened, and introspective as this dutiful soldier, perhaps we would not be fighting a war at all.

I thank and salute you, Sgt Eaton, and pray that you will be safe at home to share in those letters and memories with your daughter when she turns 16.

posted by Craig M Beck at 11:02 AM 0 comments  

GHP Systems: Why Doesn't Every Home Have One?

Well, up front cost might account for part of it, but when you look at the long term benefits of reduced operation cost (30-60%), extensive useful life of components (25-50 years) and lack of environmental assault (no use of fossil fuel), this should be mandatory for all new home construction.

In fact, it could even be argued that building green is patriotic. The article from a week ago speaks for itself, regardless of the clearly slanted source site. Personally, I also like Thomas L. Friedman's open approach and his editorial comments on other oil based energy policy mistakes the US is currently making, but the NY Times is facing financial issues and makes linking to his work directly difficult.

I feel opinions should be heard and discussed to achieve new insight, not guarded and purchased, so I will go over, under, or around the NY Times wall to provide it if I can find it. Ethical? Your call. Just because others are doing it isn't my defense. Freedom of information is.

I'll step off my soapbox now.

Anyway, for a guy who is all about efficiency, recycles just about everything he can, and throws away as little as possible, I'm stunned that I'm just now learning about the beauty of Geothermal Heat Pumps, known as GHP's.

You can learn TONS more than I could summarize at the US DOE.

With natural gas deregulation devastating pocketbooks across Georgia, I'd suggest getting in touch with Anchor Heating and Air. They are based out of Douglasville and have done over 600 GHP installations on new and existing homes in Georgia.

I called them this morning, right after I finished reading this article (copied below with credit in case the link expires).

I've been in Georgia seven weeks now and have only had the pleasure of a $249 gas bill from Scana Energy for the time frame of 12/6 through 12/21, a mere two weeks of billing. I can't wait to see what a whopper my next bill is for a full 30 days of use.

For my family it's unpleasant to pay such a bill, but possible.

The families I worry about are those who are just barely scraping by, who find themselves forced to choose between heat and food, or dependency on the generosity of business.

_____________________________________________________________

A CLOSER LOOK: Geothermal system eliminates gas bill
F.N. Rosenstock - For the Journal-Constitution
Sunday, January 22, 2006

When Brent Verrill's neighbor recently complained to him about her $400 gas bill, he listened with friendly concern. However, he hasn't experienced the sticker shock of rising natural gas prices since 2002. In fact, he hasn't had a natural gas bill since then, and for 2005, his electric bills averaged $89 a month. Yet he remains cool in summer and warm in winter. The answer is a geothermal heating and cooling system.

"When natural gas was deregulated a few years ago, I anticipated the price would quadruple," says Verrill. So he started looking into other ways to heat and cool his home.

During his research, he learned from the Atlanta-based Southface Energy Institute about geothermal heating and cooling, a system that relies on the temperature consistency of the Earth's core in contrast to traditional systems that rely on air temperature.

So when he and his wife, Kristin, renovated their 1925 house in one of Atlanta's historic districts, Whittier Mill Village, there was no question their renovation would include a geothermal heating and cooling system.

The four pipes necessary for the closed- loop system are buried in their large side yard 200 feet deep and spaced 15 feet apart. During the renovation, they added new interior pipes, but Barry Tysor of Anchor Heating & Air says a system can be retrofitted using existing pipes. "It depends on the condition of the pipes," he notes.

Tysor has been installing geothermal systems for 16 years, originally at the request of Greystone Power Co. in Douglasville. "They wanted to offer options to their customers," explains Tysor. Geothermal systems qualify for EnergyStar credits. He says other energy incentives vary from state to state. According to Tysor, there are currently no incentives in the state of Georgia.

The size of a geothermal system is driven by the size of the house, the number of windows and the house's insulation. The system is a series of pipes, roughly one circuit of piping for every ton of heating and air conditioning. For example, a 2,500-square-foot house requires 3 to 4 tons, which means three to four closed-loop circuits. Four-inch diameter holes, 200 to 250 feet deep and 15 feet apart, are drilled for each circuit of 3/4-inch polyethylene piping. The top layer is about 3 feet below the surface, where the pipes are joined underground. Two pipes, one to bring water in, the other to take it out, enter a house below grade. The pipes connect to a geothermal heat pump, which is regulated by a thermostat.

The system takes advantage of the Earth's constant ground temperature by extracting heat and energy from a house like a traditional heating and cooling system. The difference is a geothermal system displaces it into the ground where it's cooler, unlike traditional systems that displace it into the air.

There is also an energy-efficient by-product of this system --- it produces hot water. "This system can provide 70 percent to 100 percent of a home's hot water during the peak of summer," notes Tysor.

The process reverses in winter. Heat is brought in from the ground to the house. "It doesn't dry out the air as much as a traditional heating system," Tysor says, "so there's less need for a humidifier."

Best of all, there is a 40 percent to 60 percent savings compared with a traditional high-efficiency heating and cooling system.

A system can be installed in new construction in one week. If a home's existing duct system is adequate, a house can be retrofitted in one week, too. Compared with a traditional high-efficiency system, a geothermal system costs 1 1/2 times more to install.

While electric bills are lower in summer than they would be with a traditional system, the biggest benefit is no gas bill. So when Verrill renovated, he removed all of his interior gas pipes and capped off the feeder pipe outside. With his house on the market, he chuckles, "If the next owners want gas, they can have it."

However, he doesn't see why anyone would want to go back to gas, especially after seeing his utility bills. "It performs beautifully," he says.

For more information about geothermal heating and cooling systems, visit www.eere.energy.gov/geothermal or www.geoexchange.org. For information about sustainable building technologies, visit www.southface.org.

posted by Craig M Beck at 10:07 AM 0 comments  

New Beginnings

Friday, January 20, 2006

I've decided on my new office affiliation.

This morning I signed on with Prudential Georgia Realty, making my new managing broker Teri Held. I'm looking forward to a very successful relationship with a company whose ideals hold similar to those I enjoyed at Prudential California Realty.

My doors, always open, are open again for business.

How can I help you today?

posted by Craig M Beck at 10:52 AM 1 comments  

Housecleaning = Time Saved

Wednesday, January 18, 2006

You ever wonder where your time goes? Mine sometimes just disappears into the ethers of filing through junk email, snail mail, and telemarketers who are trying to market to me personally, to my business entity, and also to my wife's business. She gets over 40 different monthly magazines. You think we're ever on any mailing lists?

Although there are ways to combat this if you stay in one place long enough, for people who move around often, combating junk solicitation can be a real pain. Since I just relocated and fought the good fight, I thought I'd share this information, since it seems increasingly more difficult to dig up as the days go by and we get bombarded with more and more information.

Today and in the future, those who get ahead will not be the one's with the information, but with the best, most accurate, and timely information.

Tired of spam?

Tired of telemarketers?

Tired of junk mail?

Tired of throwing away credit card offers addressed to your dog? (I've gotten one!)

Then here are some links I've found useful since relocating and having my new address and phone numbers become every marketers dream...and my nightmare.

At the very least, register with: www.donotcall.gov

Do Not Call is great, but every time I move I also do this with all my new phone numbers and home address:

http://www.dmaconsumers.org/offtelephonelist.html

http://www.dmaconsumers.org/offmailinglist.html

Just fill in the info online and print them out. You'll need to send each one in a separate envelope. It's a bit of a hassle, but cuts down on the solicitations and junk mail you receive dramatically. Bonus: It's FREE!

The email one is easy and free too. Just click on the link in the email they send to you after registering. http://www.dmaconsumers.org/consumers/optoutform_emps.shtml

To stop getting credit card offers, you have to talk to the three credit bureaus. You may begin to feel like you're running in circles by now...

http://www.experian.com/privacy/opting_out.html

http://www.transunion.com/content/page.jsp?id=/personalsolutions/general/data/OptOut.xml

http://www.equifax.com/universal/fcra.shtml (Buried deep at the bottom of the page)

A little background for the curious:

The DMA is the Direct Marketing Association; ie: the first company mass mailers turn to for addresses to send stuff to. (Full disclosure: I used to work for a company that culled addresses for the DMA and mailed out tons of junk ma...I mean free stuff everyone wanted)

If you remove yourself from the DMA rolls, you've cut about 80-85% of all junk mail you might get. Ever.

The Key to the DMA's approach: They want you to register on-line for $5 and try to make it sound like the end of the world if you mail it in instead, which is free. Stick with the mail. While online is "instant" the mail takes 30-60 days. You've been getting junk mail this long, another month or two isn't going to kill you.

Clearly the advantage to the DMA is it's free money in their pocket. Since getting off a list is a free service they offer, they simply charge a "online fee" for an easy slam dunk profit to the bottom line. Sound familiar?

Don't even get me started on how spurious commercial bank fees hurt the people who can least afford to pay them.

Anyway, you're good for 5 years off DMA lists after registering.

This information is not easy to find for a reason. These are all direct links, you just have to click on them and it will display the proper info.

All in all, it takes about 30-40 minutes to do all this, but the amount of time saved not sifting through junk mail and answering unwanted solicitations is much greater.

Especially when all you're trying to do is unpack.

posted by Craig M Beck at 1:27 PM 0 comments  

Southern Hospitality...It's REAL!

Tuesday, January 03, 2006

Wow. Moving cross country is more difficult than I remember. Of course, the last time I moved 1500 miles from San Diego, I took my dog and a small truck load of personal items with me.

This time my wife and I moved ourselves and her business over 2100 miles, and filled two 55' semi truck loads to do it. To say its taken us a little bit longer than expected would be an understatement. Our initial ambition was to have the business and running by the first of the year.

Two days in, we're not there yet, but we did get the entire house unpacked, painted, decorated, and organized in less than 3 weeks, still a feat in itself. It's nice to look around and not see any boxes that need unpacking (as long as I don't look in the basement or garage).

Nonetheless, the point of my post, aside from letting those of you I haven't spoken with lately know that I'm alive, was to note my experience of true Southern Hospitality, both along the brutal three 12+ hour days of driving, and here upon our arrival in GA as well.

Let's start with Texas. You all have heard the saying, "Don't mess with Texas!" I think just they say that because deep down they really like being kind and don't want to have to open a can of whoop ass on anyone (which I am sure they are capable of based on the number of gun racks I counted -- even one in the back of a Cadillac!)

Anyway, my wife Parker and I had decided to stop at Dairy Queen for lunch. They seem to be as prevalent in Texas as a Starbucks in Los Angeles; like roaches in a cheap motel, but the food is much better. As I walk up to the door, I see an older couple in their 50's or early 60's, so I reach out, open the door and stand aside to allow them out. Before I have a chance to let them walk by, the woman says to us, "Honey, it's much too cold out there for y'all to be standing around waiting for us!" and insists with a hand motion that we come in before they leave! I'd like to see THAT happen in San Diego. Later that day we struck up a conversation with a couple from San Marcos who was also moving to the Atlanta area at a gas station in Waco after they noticed our CA plates. (Yes, that Waco, TX)

Moving on to the east, I was pleased to make the acquaintance one evening of a local waitress at the Denny's near where we stayed in Shreveport, LA. She'd lived there her whole life and had no desire to leave. Ever. As simple as that may seem, she was the friendliest and sweetest waitress I'd ever met who even went out of her way to say as I left, "Welcome to Dixie!". And she was totally sincere in saying it! What do they put in the water down here?

Arriving in Atlanta to our new home late afternoon on a Monday, we were happy to find the former residents had vacated to their new home and we would not be spending one more night in a hotel with 3 dogs and 2 cats. Don't ask. It was nightmarish.

Anyway, upon finding the key in the previously agreed upon location with our real estate agent Janet, we walked into our new home to find on the fireplace a bright red pionsetta, common around the holidays. I suspected it was our housewarming gift from Janet, but I would be wrong. It was from the former owners of the home saying, "Welcome to your new home. We hope it brings you as much joy and wonderful memories as it has for us." Signed with their names, and new phone number "in case we had any questions."

My jaw almost hit the floor. In California, closings are done separately and the buyer and seller rarely ever meet and usually discover each other's names only during closing when they see the legal names of the transforor and transforee. To have contact with a seller after the sale usually involves an attorney and a court summons. I think I'm going to like real estate much better in the south.

To top it off, the morning after we arrived, I walked out to get my newspaper, the Atlanta-Journal Constitution, and ran into my next door neighbor who was out raking up leaves. I waved and said hello and she walked over to introduce herself. Anna is a chiropractor with her own practice and her husband Robert works for Johnson and Johnson. She welcomed me to the neighborhood and I figured that would be the last I'd see of them. 15 minutes later she dropped by the front door with a card for us. Opening it after she'd left, I found it included a personalized welcome to the two of us along with contact phone numbers "in case we needed anything or had any questions."

I'm serious. I think there's something in the water down here that needs to get shipped west.

posted by Craig M Beck at 8:21 AM 0 comments  

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