San Carlos to consider ending Laurel St. outdoor dining program - Climate Online

San Carlos to consider ending Laurel St. outdoor dining program - Climate Online

Redwood Shores Newsletter Dated April 9, 2021

Redwood Shores Newsletter Dated April 9, 2021

San Mateo County Real Estate Review April 2021

 

Link to Full Report

Taxes, Taxes, Taxes!

The year 2020 will be known for many things, and taxes is a subject that was close to the top of the list. States with low or zero income taxes were Top of mind for many wealthier consumers, and the states of Florida and Texas became a huge draw for many seeking to lower their tax burden.

The reality is that some states have exorbitantly high local taxes. But income taxes are not the only local taxes that are paid. Real Estate taxes are a big component too. Sales taxes too. Licensing taxes. Gasoline taxes. Payroll taxes. Tolls. Corporate taxes. Here are some facts about local taxes:

* The five states with the highest average combined state and local sales tax rates are Tennessee (9.53%), Louisiana (9.52%), Arkansas (9.47%), Washington (9.21%), and Alabama (9.22%).

* The highest state income taxes are paid in Oregon,. Minnesota, DC, California, New York, Iowa, Wisconsin, New Jersey, and Illinois.

* 45 states and the District of Columbia collect statewide sales taxes.

* 8 US states have no state income taxes: Texas, Florida, Tennessee, Nevada, Alaska, Washington, Wyoming, South Dakota.

* 10 States have a flat state income tax: Colorado, Illinois, Indiana, Kentucky, Massachusetts, Michigan, New Hampshire, North Carolina, Pennsylvania, Utah 

* ALL states have bills to pay and large governments to run: most states that don't collect income taxes compensate by collecting taxes from other areas including natural resources (such as oil), gasoline taxes, or massive tourism-related taxes.

* While many focus on real estate taxes and state income taxes, it is wisest to examine the tax burden, which measures the proportion of total personal income that residents pay toward state and local taxes. Wallethub did an interesting evaluation of this that reveals the overall tax burden in New York (the highest on the list at 12.28% is around DOUBLE that of Florida - 6.82% - or Tennessee - 6.18% .....note Florida and Tennessee are not zero).

When evaluating local taxes in a state, be sure to evaluate ALL the taxes:  income, property, sales, and excise taxes. AND.....what do you get for those taxes? Schools?  Roads? Transportation options? Quality of life? AND.....what are the local incomes? What you net and what your money buys is often more important and meaningful than the percentages.

Courtesy of Leonard Steinberg COMPASS

Redwood Shores Newsletter Dated March 22, 2021

Redwood Shores Newsletter Dated March 22, 2021

Did You Know 2-22-21

 

DID YOU KNOW? At the end of January, there were 1.04 million homes for sale, down 26% from a year earlier, the lowest on record since 1982, according to the NAR. In January, the NAR had 1.45 million members, up 4.8% from a year earlier. More agents than houses for sale? (WSJ) DID YOU KNOW? In 2019, the annual average electricity price for all types of electric utility customers ranged from 28.72¢ per kWh in Hawaii to 7.71¢ per kWh in Louisiana. DID YOU KNOW? Tomorrow is here. Smart thermostats, autonomous vacuums, and intelligent speakers, programmable shades, connected refrigerators monitor our supply of milk. We can rely on smart flowerpots to water the plants, smart pet feeders to dispense kibble to the dog, and smart locks to let the maintenance worker in—all while we’re out of the house. By 2023, more than 50% of American households, and one-sixth of those around the world, are expected to have smart home devices. Maybe a good COMPASS Concierge upgrade pre-listing? (SLATE) DID YOU KNOW? The top sliver of high-income Americans dodge significantly more in income taxes than the IRS’s methods had previously assumed, according to forthcoming estimates from IRS researchers and academic economists. Overall, the paper estimates that the top 1% of households fail to report about 21% of their income, with 6 percentage points of that due to sophisticated strategies that random audits don’t detect. For the top 0.1%, unreported income may be nearly twice as large as conventional IRS methodologies would suggest. Tax rates could actually be LOWERED if everyone paid what they legally owed..... (WSJ) DID YOU KNOW? Between 1997 and 2017, the proportion of people aged between 35 and 44 living in rental accommodation in England rose from 9 to 28%. UK house prices rose by 93% in real terms between 2000 and 2020, but only by 29% in Germany. (FT)

Did You Know? 3-18-2021

DID YOU KNOW? The Federal Reserve yesterday sharply ramped up its expectations for US economic growth but indicated that there are no interest rate hikes likely through 2023 despite an improving outlook and a turn this year to higher inflation. While many lament the inflation fuel of $1.9 trillion in additional stimulus, this money will be injected into the economy over many months, well into 2022, thereby slowing the impact somewhat. (CNBC)

 

DID YOU KNOW?  The decline of COVID cases is slowing......the reality is only once the vast majority of Americans are vaccinated will these numbers come down sharply. Approximately 2.4 million Americans are being vaccinated daily now, almost double the January daily average. The good news? The death rate fell over 32% over the past 2 weeks and continues to come down. Hospitalizations are also down in the double digits. Please wear masks, distance, ventilate rooms, wash hands. We may be 90% vaccinated by August.

March Motor Movies in Redwood City

 

March Motor Movies     March Motor Movies! In Your Car at the Port of Redwood City 459 Seaport Court, Redwood City, 94063- map  We are excited to announce the Motor Movies line-up for the rest of the month! Remember, reservations open at 12 pm on Thursdays for the upcoming weekend's shows!  Next Up! Shows are at 5:00 pm & 7:30 pm Friday, March 12- Black Panther Saturday, March 13- The Greatest Showman (PG)   View All March Movies

Did You Know? and some new Compass Tahoe Listings

 

DID YOU KNOW? The Lake Tahoe market is continuing to flourish.  Today, Compass kicks off further expansion and investment in the Lake Tahoe market with a new office in Incline Village and new top agents around the lake. Please join me in welcoming our new agents and staff, who proudly represent us in such a beautiful location. Welcome, WELCOME!  Incline Village is located on the north shore of Lake Tahoe in Washoe County, Nevada, United States.  The town is known as a haven for business and wealthy individuals from California and Southern Nevada. Scroll down for some of the area's most beautiful listings......this area has experienced a surge of activity and extremely limited supply in the past few months.  DID YOU KNOW? Over the weekend 2,6 million vaccines were administered per day....if that is sustained, 138 million more vaccines will have been given on top of the 87 million to date - that's over 225 million vaccines - by the end of April......just sayin'..... We are making extraordinary progress: There were over 187,000 new COVID cases on December 7th, 280,000 on January 7th, 90,000 on February 7th, and yesterday it was around 40,000..... Add in $1,9 TRILLION of additional Federal capital into the markets. Now is the time for real discipline: wear masks, distance, ventilate rooms, wash hands. WE ARE SOOOOOOO CLOSE! DID YOU KNOW? Last week 346 contracts were signed in Manhattan: if that pace continues - around 300 contracts per week - over 15,000 units could be absorbed in 2021.....could even a city like New York that some proclaimed were being abandoned experience inventory shortages like most of the rest of the USA?

Compass Tahoe Listings

949 Lakeshore Boulevard Incline Village, NV

4 Bed | 6.5 Bath | $26,500,000 | Renee Vento  Enjoy this stunning one-of-a-kind lakefront home with over 100 feet of sandy beach, private pier, boat hoist and 2 buoys. The home is a classic, contemporary style with open beam ceiling, massive rock fireplace, 4 large suites and 6 full baths. The backyard features an expansive, stone lakefront patio for large group entertainment and casual beach parties that sits just above the lawn area and sandy beach.

14761 Dry Creek Court Truckee, CA  3 Bed | 2.5 Bath | $1,995,000 | Kristi Hood & Janie Sharp  This stunning mountain modern home captures breathtaking South facing views of the Mt Rose/Carson Range and the dynamic seasonal meadow changes of Russel Valley. This hidden gem sits on 5 acres & borders the Tahoe National Forest offering a plethora of summer/winter recreation. Private, peaceful & nature-inspired, this sustainably & energy-efficient built home is bathed in natural light and provides a lifestyle connection with the outdoors.

3914 Saddle Road South Lake Tahoe, CA  5 Bed | 4.5 Bath | $2,888,000 | Mark Salmon  A masterpiece of alpine architecture, the iconic design captures the timeless appeal of a true mountain lodge while exceptional finishes embody rustic elegance at its finest. The distinctive character and generous scale are found on all 3 levels of living, all accessed by a high-speed elevator and luxuriously warmed by radiant in-floor heating. Wide-plank Hickory flooring seamlessly connects the interior while clear cedar showcases dramatic open-beam ceilings.

1028 Skyland Drive Zephyr Cove, NV  8 Bed | 8 Bath | $28,750,000 | David Bellings This is a once-in-a-lifetime opportunity to own all or half interest in an extraordinary 20,000+ sq ft home that arguably is the most coveted location anywhere on Lake Tahoe. Remodeled over the course of several years, this legendary property, built by William F. Harrah of Harrah's Lake Tahoe Hotel & Casino, has been reimagined with impeccable finishes & features incredible amenities including a full salon, spa, and a Himalayan salt cave.

MidPen tapped to operate senior housing facility IN RWS | Local News | smdailyjournal.com

MidPen tapped to operate senior housing facility | Local News | smdailyjournal.com

Local youth sport leagues plan to reopen for spring seasons – Scot Scoop News

Local youth sport leagues plan to reopen for spring seasons – Scot Scoop News

Did You Know 2-26-2021

 

DID YOU KNOW?  U.S. household income jumped 10% in January as the government delivered stimulus payments to households and consumer spending rose 2.4%, priming the economy for a burst in growth this year. (WSJ)  DID YOU KNOW? FLEEING California?  Hardly! California housing had the hottest real estate month in 17 years!  Homebuyers gobbled up houses at a 484,730 annual pace in January, up 22.5% in a year, the third consecutive gain above 20%.  The statewide median price paid was $699,890, up 21.7% in a year and the biggest gain since February 2014.  If that’s not overheated to you, consider this: The last time sales and prices jumped more than 20% in the same month was August 2003. Thanks to Carol Burnett of COMPASS Silicon Valley. DID YOU KNOW? Second-home sales were up 44% year over year in 2020, according to the NAR. About 45% of vacation home buyers are in their 50s and 60s and buy for personal use. (Marketwatch) DID YOU KNOW? 874,354 Londoners have assets worth more than $1 million compared with 820,000 in New York. (Marketwatch) DID YOU KNOW?  Yesterday, thirty years ago, Tim Berners-Lee introduces WorldWideWeb, the first web browser and WYSIWYG HTML editor.