December 2008

Found 8 blog entries for December 2008.

A friend of ours sent us a holiday greeting that I felt had to be shared. This a is a song written, played, and sung by their 14-year-old daughter Tilda Gross.


It's okay, it made me cry too!

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Yesterday C.U. Graduated 2,189 students into the workforce. 

"Chancellor Bud Peterson, during his address to graduates, told them their graduation during a time of economic uncertainty reminded him of his own graduation in the mid 1970s, during the oil crisis.

He told the graduates their investment in a CU education means they are well-prepared.

"You can have confidence that your degree will sustain you," he said.

He also praised the graduates for being the first class to have spent their entire undergraduate careers with the "Colorado Creed," a code of social responsibility developed by a group of students four years ago."

Year after year Boulder benefits because of the value CU brings to the community, from Sports events to the Shakespeare…
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Today we saw a significant drop in Mortgage rates and many homeowners are taking advantage of the low rates to lower their monthly payments or to combine the low rates with some great values we are seeing in the market to move forward with a new home purchase.  These are the lowest rates we have seen in over 30 years for fixed 30 year conforming loans.  If you are thinking of refinancing or just have questions shoot our friends Nick Bertrand or Cheryl Coleman at Colorado Mortgage Alliance an Affiliate of Wells Fargo a Call at 303-499-9880


Wells Fargo Rates 12/08/2008


Interest Rate APR
Conforming1 Loans
40-Year Fixed 7.250% 7.462%
30-Year Fixed 4.750% 4.960%
20-Year Fixed 5.000% 5.289%
15-Year Fixed 4.875% 5.241%
5-Year ARM
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I think the Boulder Council may have missed their Econ 101 class as we see them continue to increase the cost of development and housing in the city of Boulder.  Below is the result of the vote at last nights council meeting regarding modification to the height limits in Boulder from the "Daily Camera"

From the Daily Camera Dec 17, 2009

Boulder’s elected leaders next year will take another look at what kind of “community benefit” — such as affordable housing — developers should be required to include if they want to put up buildings taller than 35 feet.

Builders now are allowed to go up to 35 feet in much of Downtown Boulder. Building higher than that — up to the 55-foot limit set forth in the city’s charter — requires permission from the city’s

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I know it is going to be a good day when I open up my email and Steamboat is sending out emails that they just received 14" of new snow. I always laugh in Boulder, today it is negative 4 degrees, but only 4 days ago it was 54 and sunny and I was riding my mountain bike. So today we think about skiing and maybe taking advantage of steamboats, tomorrow it will be time to get back on the mountain bike and enjoy another sunny day.

Here is a typical weekend in Boulder:

1. Wake up and mosey over to Vics for a cup of Coffee.
2. Head to Callie's 4th grade girls YMCA Basketball game. Go Huskies!!!
3. Hop on the mountain bike for a ride from town up and over Poorman.
4. Get home in time to take the kids to the local theatre show of Narnia.
5. Meet some friends at

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January 164 5.29 61 1.97
February 203 7.00 70 2.41
March 284 9.16 118 3.81
April 305 10.17 139 4.63
May 342 11.03 146 4.71
June 366 12.20 139 4.63
July 380 12.26 169 5.45
August 324 10.45 142 4.58
September 254 8.47 111 3.70
October 228 7.35 75 2.42
November 123 4.10 47 1.57
December - - - -
TOTAL … 2973 8.9 1217 3.64
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As I look back to June and remember everyone sitting around the dinner table explaining how the good times where over and we would just have to learn to live with the new prices and that we needed to make major changes if we were going to survive.  Of course we were talking about Gas prices:


Well times have changed and we now have the lowest fuel prices in 20 years when calculating in inflation.  Hopefully we learned our lesson with the higher prices and continue to seek out greener pastures.  We shall see:) 

Fuel prices are a great view into the markets as a whole.  if we went back six months ago the "experts" were all telling us we would never see oil below $100 again.  Guess what the talking head were wrong.  We will see the same happen in the

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The 2008 real estate market can most aptly be characterized as one of dynamic change. The future will be noticeably different than the past. In the past, home owners relied on real estate to build net worth over time through appreciation. In the future, real estate will be viewed as a means for creating equity through debt reduction i.e. paying off the mortgage(s). Double digit annual increases in home values won't be a part of the economic equation for a number of years (if ever again).

     Once the housing market digs itself out of this bank foreclosure/short sale scenario it currently wallows in, real estate buyers will still take a cautious look at what they are purchasing. The days of multiple offers, driven by lower mortgage interest rates, will

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