Wednesday, February 29, 2012

Warren Buffett Say's "It's Time To Buy Real Estate"


Warren Buffett appeared live on CNBC’s Squawk Box this week. During the interview, he was asked about the current real estate market and whether he felt now was the time to buy. His response was rather emphatic and has been used as a headline in hundreds of articles since the interview:

“If I had a way of buying a couple hundred thousand single-family homes I would load up on them.”

However, throughout the interview, he addressed the market from a few angles. Here is what he said:

Why invest in real estate now?

“It’s a way, in effect, to short the dollar because you can take a 30-year mortgage and if it turns out your interest rate’s too high, next week you refinance lower. And if it turns out it’s too low, the other guy’s stuck with it for 30 years. So it’s a very attractive asset class now.”

Is buying your own home better than investing in stocks right now?

“If I knew where I was going to want to live the next five or 10 years I would buy a home and I’d finance it with a 30-year mortgage… It’s a terrific deal.”

Should we buy multiple houses?

“If I was an investor that was a handy type and I could buy a couple of them at distressed prices and find renters, I think it’s a leveraged way of owning a very cheap asset now and I think that’s probably as an attractive an investment as you can make now.”

Over the last couple of months, there have been more and more financial analysts coming to the same conclusion: It’s time to buy real estate.


Curtsey of Keeping Current Matters 2/28/12

Monday, February 27, 2012

Fun Facts About Leap Year

2012 is a leap year, with 366 days instead of the usual 365 days.

Why?

It was the ancient Egyptians who first figured out that the solar year and the man-made calendar year didn't always match up.

That's because it actually takes the Earth a little longer than a year to travel around the Sun — 365 days, 5 hours, 48 minutes, and 46 seconds, to be exact.

Therefore, as the hours accumulated over the centuries, an extra day was occasionally added to the calendar, and over time the practice became more or less official.

The Romans first designated February 29 as leap day, but a more precise formula (still in use today) was adopted in the 16th century when the Gregorian calendar fine-tuned the calculations to include a leap day in years only divisible by four - 2012, 2016, 2020, 2024, etc.

Another stipulation ruled that no year divisible by 100 would have a leap year, except if it was divisible by 400. Thus, 1900 was not a leap year ... but 2000 was! Go figure.

Thankfully, all this intricate plotting will continue to keep us in tune with the seasons over the next several thousand years.

Born on a leap day?

According to astrologers, those born under the sign of Pisces on February 29 have unusual talents and personalities reflecting their special status.

Most have to wait every four years to "officially" observe their birthdays, but leap year babies typically choose either February 28 or March 1 to celebrate in years that aren't leap years.

Some famous people born on February 29

Born 1960 - Anthony Robbins, motivational speaker

Born 1976 - Ja Rule, rapper
Born 1972 - Anthonio Sabato Jr., model & actor
Born 1916 - Dinah Shore, singer
Born 1904 - Jimmy Dorsey, bandleader.
Born 1792 - Gioacchino Rossini, Italian opera composer

February 29, 2012 event calendar

On the international scene, 56 countries will observe Rare Disease Day on February 29, 2012 calling for more research into ailments that have no known cure

On a lighter note, international women's football meets to compete on February 29, 2012 in the annual kick-off to the Algarve Cup in southern Portugal.

Leap Day traditions - no man is safe!

While leap day helped official timekeepers, it also resulted in social customs turned upside down when February 29 became a "no man's land" without legal jurisdiction.

As the story goes, the tradition of women romantically pursuing men in leap years began in 5th century Ireland, when St. Bridget complained to St. Patrick about the fair sex having to wait for men to propose. Patrick finally relented and set February 29 aside as the day set aside allowing women the right to ask for a man's hand in marriage.

The tradition continued in Scotland, when Queen Margaret declared in 1288 that on February 29 a woman had the right to pop the question to any man she fancied. Menfolk who refused were faced with a fine in the form of a kiss, a silk dress, or a pair of gloves given to the rejected lady fair.

A similar modern American tradition, Sadie Hawkins Day, honors "the homeliest gal in the hills" created by Al Capp in the cartoon strip Li'l Abner. In the famous story line, Sadie and every other woman in town were allowed on that day to pursue and catch the most eligible bachelors in Dogpatch. Although the comic strip placed Sadie Hawkins Day in November, today it has become almost synonymous with February 29.

Leap year on stage & screen

The day also plays a pivotal role in the fictional The Pirates of Penzance, the most famous Gilbert & Sullivan comic opera that was translated to Broadway and the silver screen.

In the story, the hero Frederic realizes his apprenticeship binds him until his 21st birthday, but since his birthday falls on February 29, it means that technically he is only a young lad - and won't reach his 21st birthday until he is in his eighties!

A leap year poem to remember it by

Thirty days hath September,
April, June and November;
All the rest have thirty-one
Save February, she alone
Hath eight days and a score
Til leap year gives her one day more.

Excerpted from www.chiff.com

Monday, February 20, 2012

To Realize...

  • To realize the value of one year:
    Ask a student who has failed a final exam.

  • To realize the value of one month:
    Ask a mother who has given birth to a premature baby.

  • To realize the value of one week:
    Ask an editor of a weekly newspaper.

  • To realize the value of one hour:
    Ask the lovers who are waiting to meet.

  • To realize the value of one minute:
    Ask a person who has missed the train, bus or plane.

  • To realize the value of one second:
    Ask a person who has survived an accident.

  • To realize the value of one millisecond:
    Ask the person who has won a silver medal in the Olympics.


Time waits for no one.

Treasure every moment you have.

You will treasure it even more when you can share it with someone special.

Monday, February 13, 2012

The Atchley Group's Valentine Gift Ideas

  • Collect a variety of inexpensive sweet smelling candles such as cinnamon, apple, strawberry, coffee, cookies or cake. You can also include a read handled lighter tied with a small bow that matches a bigger bow around the edge of the basket.

  • Find a new or used fondue set (thrift stores have them all the time!) Arrange in large basket with fresh berries or a seasonal fruit, angle food cake and chocolate for melting.

  • Put together the ingredients for a romantic dinner for two... or a whole family. For example, you can include gourmet pasta and a jar of your favorite marinara sauce with some French baguettes.

  • Give a valentine gift basket that is sure to get used. Purchase several pairs of new underwear or boxers in fancy or sassy styles. Fold and roll each pair and pack into the basket with the rolls standing on end. Slightly poof out each top to look like a flower blossom.

  • For your spouse or loved one, purchase a small photo album or scrapbook, pretty paper & special stickers to create a memory book of your relationship. Get all the supplies together in the valentine gift basket including scissors, photo safe glue or tape and plenty of pictures of the two of you. At the top of the basket put an invitation to join you for an hour or two of preserving loving memories.

  • Find a large red bucket and fill it with car washing supplies and fun new items for the car like a romantic CD (once again, check the thrift store - We find some of the best music there), homemade air freshener, bottle of Dawn dish soap, etc. Be sure to include a red or pink sponge cut into a... heart shape of course.

  • For a young girl or woman, choose a variety of sweet or flavored lip glosses to put in a miniature basket.

  • The last valentine gift basket idea is a low cost way to present a very special gift. Put a couple of snack foods in the basket, but ahead of time rig one of the packages with a special prize Carefully open one package (Cracker Jacks or a box of Junior Mints would work well) and insert a gift certificate or tickets to an event, then reseal the package to make the surprise complete.

Thursday, February 9, 2012

It's Short Because Nobody Liked Poor Old February

Why is February so short?

It’s a good question and one that most of us probably don’t know the answer to.

So, to get February off on the right foot, we decided to do a little research about the topic and found an interesting and easy-to-read explanation of why February is so short.

It has some to do with science and a little bit to do with egos in ancient Rome.

February has always had 28 days, going back to the 8th century BC, when a Roman king by the name of Numa Pompilius established the basic Roman calendar. Before Numa was on the job the calendar covered only ten months, March through December. December, as you may know, roughly translates from Latin as "tenth." July was originally called Quintilis, "fifth," Sextilis was sixth, September was seventh, and so on.

To meticulous persons such as ourselves, having the calendar run out in December and not pick up again until March probably seems like a pretty casual approach to timekeeping. However, we must realize that 3,000 years ago, not a helluva lot happened between December and March. The Romans at the time were an agricultural people, and the main purpose of the calendar was to govern the cycle of planting and harvesting.

Numa, however, was a real go-getter-type guy, and when he got to be in charge of things, he decided it was going to look pretty stupid if the Romans gave the world a calendar that somehow overlooked one-sixth of the year. So he decided that a year would have 355 days--still a bit off the mark, admittedly, but definitely a step in the right direction. Three hundred fifty five days was the approximate length of 12 lunar cycles, with lots of leap days thrown in to keep the calendar lined up with the seasons. Numa also added two new months, January and February, to the end of the year. Since the Romans thought even numbers were unlucky, he made seven of the months 29 days long, and four months 31 days long.

But Numa needed one short, even-numbered month to make the number of days work out to 355. February got elected. It was the last month of the year (January didn't become the first month until centuries later), it was in the middle of winter, and presumably, if there had to be an unlucky month, better to make it a short one.

Many years later, Julius Caesar reorganized the calendar yet again, giving it 365 days. Some say he made February 29 days long, 30 in leap year, and that Augustus Caesar later pilfered a day; others say Julius just kept it at 28. None of this changes the underlying truth: February is so short mainly because it was the month nobody liked much.


Wednesday, February 1, 2012

Please enjoy this month's edition of Keeping Current Matters.
January KCM 2012
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