life in Belmont Heights

life in Belmont Heights
Story of a Father, Husband, Realtor

Thursday, August 12, 2010

Unanimously Approval to Replace Gerald Desmond Bridge...

http://www.youtube.com/portoflongbeach#p/u/0/mkjRBKfNGaE


Following Mayor Bob Foster's vision of a green Long Beach, with a improved over-all inferstucture. The Long Beach Board of Harbor Commissioners has voted unanimously to approve a nearly $1 billion plan to replace the aging Gerald Desmond Bridge with a new, nearly $1 billion span that will improve the look , traffic flow, safety and vessel navigation.To find the final environmental impact report, click here and watch the video below for more information.
“The bridge is obsolete and deteriorating,” said Port Executive Director Richard D. Steinke. “The new bridge will add lanes for improved traffic flow and dedicated safety lanes to keep traffic moving if there’s a breakdown or accident.” The new bridges propsed design should be an exciting addition to the Long Beach landscape and skyline.


The Gerald Desmond Bridge, completed in 1968, is a vital route for cargo, carrying about 15 percent of the nation’s goods. It is also a critical link for commuters, who make up about 75 percent of bridge traffic. The bridge serves as a connection for thousands of vehicles each day between Long Beach and San Pedro, and between Orange County and western Los Angeles County.

The new bridge would have three traffic lanes plus emergency lanes in both directions, making it safer and better able to accommodate cars and trucks on a major Southern California commuting route. The new bridge would be higher to allow for the newest generation of green cargo ships to pass underneath. Again to mention the exciting architecturally interesting earthquack friendly design propsed!

In addition, construction of the new bridge would create up to 4,000 jobs per year for five-to-six years.


For a project overview and links to the complete EIR, please visit www.polb.com/bridge. insperation from everythinglong beach.  also see http://www.lifeinbelmontheights.com/

Wednesday, June 30, 2010

Chris Goodmanson's_Coldwell Banker Coastal Alliance_New Home Listings_Tour



Here are some hot new listings new to our office Coldwell Banker Coastal Alliance this week the eastside tours..

4456 Birchwood Ave Seal Beach 90740,
6209 Seville Court Long Beach 90803,
3209 Petaluma Ave Long Beach CA 90808,
2503 Ladoga Long Beach CA 90815,
5660 E Walton St LongBeach CA 90815,
5110 E Atherton #53 and #45 Long Beach CA 90815

Here are some hot new listings new to our office Coldwell Banker Coastal Alliance this week the eastside tours... Please contact me for more information... @chrisgoodmanson 562.900.8265 chris@brotchuby.com

Monday, June 21, 2010

"This is a historic point for the city," he said. "We have an opportunity to remake and re-image our entire coast in the city." Army Corps Would OK Long Beach Breakwater Study!

Maybe this could happen everyday - Let your Council Man know how you feel!


Army Corps Would OK Long Beach Breakwater Study, "This is a historic point for the city," he said. "We have an oppor... http://post.ly/kIBV

Tuesday, May 25, 2010

Call for Action: Prevent New Tax Burdens on Real Estate

As a Realtor and your constituent, I feel i have to bring this to your attention. Reports indicate that Congress may vote this week on a spending and tax measure that could include two harmful tax provisions directly affecting real estate.

I urge you to oppose these changes!

The first would require that ALL landlords provide an IRS Form 1099 to all contractors they do business with if they pay that contractor $600 or more in any given year. The proposal would apply even to those who own just one property. This is a trap for the unwary. Since many of my clients are "little guys" looking to supplement their income with real estate investments, any proposal requiring them to file Forms 1099 would impose new expenses and subject them to penalties they are ill-equipped to pay. Often these small landlords don't use tax professionals; if adopted, this proposal could force them to incur the expense of hiring tax professionals. This proposal is burdensome and overreaching. Oppose it.

I also oppose a proposed change to tax carried interest at ordinary income rates. A real estate investment however, is fundamentally different from a hedge fund or financial instrument investment. An investment in real estate is nothing like playing with other people's money. Real estate is a fixed asset held for a long period of time. The worst thing about this proposal is that, for the first time, a particular type of real estate investment gain would no longer qualify for capital gains treatment. This is a terrible precedent. Oppose it.

The real estate industry, in all its commercial, multi-family and individual investment categories, is still very fragile and likely to remain so. These proposals are ill-advised, inopportune and potentially destructive. Keep our real estate market recovery on track by opposing these measures.
Take Action!


Instructions:

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What's At Stake:

1. ANYONE who receives rental income will be required to file IRS Form 1099 reports if they pay any contractor (plumbers, repairmen, etc) $600 or more in any given year.

2. Congress is considering taxing "carried interest" at ordinary income rates instead of capital gains. Currently, carried interests is taxed at 15%.

Friday, May 21, 2010

Men vs. Women During the home buying process


Who do you think wheres the pants in the family ?



Either way give me a call I'm here to help you Buy, Sell, or Invest
chris@brotchuby.com 562.900.8265

Thursday, May 20, 2010

California Tax Credit Good Through December 31, 2010

California allows qualified new home buyers a total tax credit amount equal to either five percent of the purchase price or $10,000, whichever is less. Taxpayers must apply the total tax credit in equal amounts over three successive taxable years (maximum of $3,333 per year) beginning with the taxable year (2009 or 2010) in which the new home is purchased.”

AB 183, signed today by Gov.Arnold Schwarzenegger, allocates $200 million to the credit for homes purchased between, May 1, 2010 and applies to purchases where the transaction closes by December 31, 2010 and could extend as far out as August 1, 2011 as long as you were in contract on or before December 31, 2010. You will have to live in the home for at least two years, or you have to repay the credit to the state.
Read more: thepress.net - New 10K Homebuyer Tax Credit
The state has extended the new credit to first-time buyers of existing homes as well as buyers of new homes. The funds will be split evenly between the two groups, and buyers will have to occupy the home for at least two years. Are you in one of those two groups? Talk to your Local Realtor, Mortgage or CPA and find out. Don’t miss out!
KEY POINT – In order to qualify for this credit, you have to send some documents to the Franchise Tax Board within two weeks after the Close of Escrow. That would include a copy of the settlement statement and either a statement from the Seller that the home has never been occupied, or a statement from the Buyer that they are a first-time home buyer.
The Time To Buy Is Now!
Read more: thepress.net - New 10K Homebuyer Tax Credit
With Interest rates at a 2010 all time low and house prices creeping up, this is the time to buy!

1101 Marshall Pl "Open House" with Chris Goodmanson