THE TIMES THEY ARE A-CHANGIN’ IN CALIFORNIA… WILL FLORIDA BE NEXT?

The Santa Barbara Realtors Association President says, “Home sales are picking up across the South Coast… more favorable interest rates are one reason… prospective buyers are more likely to get off the fence when rates are low.” She also says that once the market has hit bottom, it’s too late for buyers to know that, and, “If you wait for the bottom to hit, you’ve waited to long.” As the drive begins to purchase homes, the competition makes prices rise again. According to a local online newsletter, “The South Coast has a chronic shortage of entry-level homes like townhomes, condominiums and smaller single family homes so federal stimulus spending could have a positive effect locally.” If you read the article farther down you will see that home sales in Florida are trending up. Is it time to get on the bandwagon?

COCO AND COOKIE NEED A LOVING HOME

UPDATE: Cookie & Coco found a loving home. See http://www.snopes.com/critters/crusader/cookiecoco.asp

See http://www.expressnightout.com/content/2009/02/paws_effect_finding_cookie_and_coco_a_ho.php

Family losing their home in a week and are desperately trying to find a loving home for them. They are 3 year old females, already housebroken, trained and loves kids. 'They are spayed and up to date with all their shots - these are life long friends that need to stay together. Please pass along to all family, friends, co-workers - spread the word and help find these two adorable labs a home. Contact: Neil & Phyllis Atler - 870-3030 or na222@aol.com

FLORIDA ASSOCIATION OF REALTORS REPORTS FIFTH MONTH OF INCREASED HOME SALES ACTIVITIES IN FLORIDA

With existing home sales up 24% in January, the 5^th month in a row of year-to-year increased sales activity, 2009 FAR President, Cynthia Shelton, says, “Many people are looking at today’s market and seeing opportunities to find the home or business they’ve always wanted. With a range of available housing options, historically low mortgage interest rates and affordable prices, buyers who may have been hesitant before should take a closer look at the current opportunities for homeownership. As real estate professionals who know all aspects of their local market conditions, Florida Realtors are here to help counsel consumers making sound long-term decisions for their homes and their businesses.” Existing condos had a 13% gain in statewide sales. Inventories, nationwide, fell to a 2-year low. NAR Chief Economist, Lawrence Yun, says, “It appears some buyers are taking advantage of much lower home prices. The higher monthly sales gain and falling inventory are steps in the right direction, but buyers will continue to have an edge over sellers for the foreseeable future.” Median (midpoint) sales price for existing homes last month was down 33% from a year ago from $206,900 to $139,500, and NAR attributes the significant downward price distortion to discounted sales, including foreclosures.

FORBES: HEALTHGRADES COMPILES LIST OF AMERICA’S SAFEST HOSPITALS

Stating that you’ll get great care at these hospitals – all provide the best protection against complications and mortality, the hospitals recommend by the hospital rating company HealthGrades within Palm Beach County include Boca Raton Community Hospital, Boca Raton; Cleveland Clinic, Weston; Delray Medical Center, Delray Beach; JFK Medical Center, Atlantis; Jupiter Medical Center, Jupiter; and Palm Beach Gardens Medical Center, Palm Beach Gardens. These hospitals were designated as Distinguished Hospitals for Clinical Excellence. Their complications and mortality rates are considered by HealthGrades to be in the top 5% of the country. For more information, and to purchase reports on individual doctors or estimate costs of a procedure and plan for future healthcare expenditures, go to http://www.healthgrades.com/. If you are looking for a health plan, a medicare supplement or advantage plan, call Independent Insurance Agent Marilyn Farber Jacobs at 561-988-0070. Marilyn is appointed by over 70 Florida carriers of various insurances. If you want an Advantage plan, Marilyn can help you pick which plan is most suitable for you and determine whether the physician you will use as your primary doctor will have you in-network or out-of-network with possible extra co-pays.

GOOD NEWS AND BAD NEWS

THE GOOD NEWS: A new $50BB Obama plan will soon be revealed to combat foreclosure of owner-occupied middle-class homes. A federal regulator urged more than 800 thrift institutions to suspend all foreclosures. Government-controlled mortgage finance companies Fannie Mae and Freddie Mac suspended foreclosure sales during the winter holidays and have halted evictions from foreclosed properties until next month. Treasury Secretary Timothy Geithner said the government would provide incentives to “try to induce economically sensible restructuring of mortgages,” but offered no specifics when testifying this week before House lawmakers. THE BAD NEWS: In 2008 more than 2MM American homeowners faced foreclosure proceedings; analysts say that in the coming years, depending on the severity of the recession, as many as 10MM homeowners could face foreclosure proceedings. Florida Economist Hank Fishkind now says that the bottom will come in 2010 and positive growth will not start until 2011 or 2012. However, he says home sales have already hit bottom and are beginning to stabilize.

HOW GOOD IS THIS NEWS?

December showed a surprising 6.5% jump in home sales. The south has a current 13% gain in pending home sales. Total number of homes for sale on the market nationwide dropped nearly 18% last month to the lowest level since May 2007. NAR Chief Economist Lawrence Yun said the jump up reflects “buyers responding to lower home prices and interest rates” that have improved the affordability equation to its most favorable level in 39 years. Are we at the “bottom”? It certainly appears we are headed there, if not yet there.

TENNIS CHAMPS REVVING UP

Delray Beach Stadium & Tennis Center will host the highly anticipated Delray Beach International Tennis Championship from February 21 through March 1 with professional tennis players from around the world playing right here in our backyard. In it’s 11^th year in Delray Beach, 3-time French Open quarterfinalist Guillermo Canas of Argentina leads the field. Among the 23 players from 13 countries are Mardy Fish (USA), Tommy Haas (GER), Marcos Baghdatis (CYP), Robby Ginepri (USA), Steve Darcis (BEL) and Vince Spadea (USA-BOCA). Brothers Bob and Mike Bryan wll be playing doubles. This major $500,000 ATP world tour is in its 17^th year. Single session grandstand seats start at $15 at www.YellowTennisBall.com, MySpace and Facebook at “Delray Beach ITC”, or call 561-330-6000. Don’t miss this exciting tournament!

NORTON MUSEUM FEATURING “GEORGIA O’KEEFE and ANSEL ADAMS NATURAL AFFINITIES

Sharing a profound love of nature and interest in conservation, painter/sculptor O’Keefe and photographer Adams met in Taos, Mexico in 1929. Both developed a deep interest in the American West and became icons of 20^th century American art. There are 40 O’Keefe paintings and 54 Adams photographs, and a few, side by side, show the same images captured in paint and on film, providing interesting contracts in each artist’s view and presentation, now featured at the West Palm Beach Norton Museum, internationally known for its permanent collection. Above are pictured Adams “Winter Sunrise, the Sierra Nevada from Lone Pine,California, 1944” (gelatin silver print), and O’Keefe’s “Black Mesa Landscape, New Mexico / Out Back of Marie’s II, 1930 (oil on canvas). The show continues through May 3^rd. How about accepting the challenge of using either one of their paintings or photos as inspiration and seeing what you can do with your camera or paint brush? Check out this VIDEO LINK for interesting information on both artists. Admission is $8 for adults and $3 for ages 13-21. For more information call 561-832-5196.

WEDNESDAY HOUSE MEETING FLOOR VOTE DETERMINES BIG FLORIDA STIMULUS PLAN GAINS

No, we are NOT dreaming… money could be coming to Florida to help balance its budget, build bridges and highways, expand mass transit, modernize schools and improve other government services. Over $4BB could come to Medicaid, the state federal program providing funds for health care for the pool. There are $120MM in rebuilding projects which are ready to go and will provide immediate jobs. $46MM for water treatment could create 350+ jobs. $21MM for North Flagler Drive improvements could create almost 170 new jobs. Port St. Lucie could restore policing staff to earlier levels, and an energy analysis, resulting in 160 new jobs. Boynton Beach could have a new $31MM police station and 3 00 new jobs, as well as a park that would add 100 more jobs. Unemployment benefits could be extended with health care options for those laid off from jobs. The Senate, though, is working on a separate plan and any differences would have to be worked out before a final version can be sent to President Barack Obama. We will be carefully watching this vote and any changes or revisions.

MOVES IN AND OUT OF FLORIDA BALANCED, SAYS UNITED VAN LINES

According to the Florida Association of Realtors, United Van Lines tracks its moves each year and compares the number of people moving into each state versus the number moving out. In 2008, the company found Florida to be perfectly "balanced," meaning the number of inbound and outbound moves was virtually even. The Mid-Atlantic states saw growth while states to the north saw decreases.

H.R. 7327: Worker, Retiree and Employer Recovery Act of 2008 - MRDs Suspended for 2009

A recent federal law temporarily suspends minimum required distributions (MRDs) from tax-deferred savings for policyholders over age 70½. This suspension is for 2009 only and does not apply to MRDs for 2008. If a policyholder turns 70½ in 2009, no MRD is required. If a policyholder turned age 70½ in 2008, an MRD for 2008 is still required by April 1, 2009.

Although MRDs are not required for 2009, policyholders who need the monies can still take minimum withdrawals. The suspension allows funds that would have been withdrawn to continue to grow tax-deferred for 2009. Impacted plans include IRAs, 401(k)s, and other defined contribution plans. The law also applies to distributions under the five-year rule, where beneficiaries are required to deplete the annuity value within five years of the owner’s death. The new law provides an additional year to meet the depletion requirement. Systematic withdrawals taken by IRA owners or beneficiaries under MRD rules can be suspended. However, these policyholders must notify Policyholder Services to cancel withdrawals for 2009 and then restart them for 2010. For legal, tax or investment advice, please consult a qualified advisor.

http://www.govtrack.us/congress/bill.xpd?bill=h110-7327

COME SEE THE 2-MONTH OLD BABY JAGUAR AT THE PALM BEACH ZOO

Born October 28^th weighing 2 lbs., female jaguars can grow to 200 lbs. And 7’ in length. The baby jaguar has been named Maya, and is very important to the overall conservation of jaguars. Maya will be part of the Jaguar Species Survival Program.

INTERNATIONAL TENNIS CHAMPIONSHIPS COMING TO DELRAY

Courts are being readied and tickets are already on sale for the Delray Beach International Tennis Championship competition that will take place in from February 21 to March 1, 2009. Tommy Haas the 2006 Delray ITC champion and one of 12 ATP players featured on the world Tour 2009 calendar, is returning for another shot at the top spot. The Bryan Brothers, top-notch doubles players who lost last year to Max Mirnyi and Jamie Murray will also be back. The 17^th annual court competition will be held at the Delray Beach Stadium and Tennis Center. This will be the 11^th year it will be held there. Tournament Director is Mike Baron.

PALM BEACH COUNTY ARTISTS SUBMISSIONS NEEDED

The Palm Beach County Art in Public Places Program asks visual artists who live in the county to submit artwork. Deadline is January 22 at 4 pm. Submissions will be considered for a 4-month Palm Beach International Airport exhibition from February 4^th to June 3^rd. Theme is “Come Out & Play!” Artists are invited to submit works featuring locals and tourists enjoying a variety of sports and lesure activities offered in the county. For more information email esinger@pbcgov.org or see www.pbcgov.com/fdo/art/calls.htm

ANOTHER WAY FOR SOME FUNDING FOR LONG TERM CARE TYPE NEEDS

Statistics tell us that on average, 69% of people age 65 today will need some form of long-term care. While 92% of Americans age 65+ listed poor health as the most serious problem facing older adults, only 43% believe that purchasing a form of long-term care coverage is important for their future. If you do not have a long term care policy, or wish to increase benefits, be aware that some annuities offer Enhanced Rider Benefits which are not long term care benefits, but funds from the annuity can be used for in-home care and other needs or can enhance long term care issues already in place. These require no underwriting or invasive medical questions. Balances left, if the annuitant passes away, go to beneficiaries. For more information, call Marilyn Farber Jacobs, Licensed Advisor/Independent Insurance Agent at 561-988-0070.

5 OPEN HOUSE TOURS 5 - Sunday 12/14 from 1 to 4 pm - no equity, no HOA-If you would like to see any of these homes call Marilyn-561-988-0070

ORDER OF PHOTOS: B, A, 1, E, C

NEW WEIGHT LOSS TIPS… BOTTOM LINE: I’M NOT GIVING UP CHOCOLATE

The current (January) issue of Reader’s Digest has some newer thoughts on weight gain, including a fat cells discussion about how they got there (genetic or external factors when Mom was pregnant), how they “work,” who might have more of them, and how to work them down (exercise… you’ve heard that one before). Again we read that exercise can change our metabolisms, so maybe we should try that if we don’t do it yet. There is lots of convincing evidence. GET ON THAT TREADMILL more often, go to the health club, or take long walks every day. Stress fattens, they write, because it sparks cravings (we knew that!), so they suggest yoga or quality family time to down tone stress. More sleep could mean more weight loss, meaning seven to eight hours a night. Your spouse’s weight loss could trigger stress, e.g. jealousy, so jump on the bandwagon and lose weight too. An experiment they describe showed that stem cells attacked by a virus can cause weight gain, which calls to mind what Mom used to tell us, “Feed a cold and starve a fever.” Your taste buds can be get a weight gain trigger from an ear infection. Antioxident-rich foods such as fruits and vegetables can keep obesity away. The article reminds us that we CAN be fit AND fat. It’s almost time for New Year’s resolutions, so let’s make some about weight loss, or lack of weight gain right now.

CHOCOHOLICS TAKE NOTE…

Recent research indicates that brisk walking might control chocolate urges… but suggests you do not walk in the direction of the candy store. After 3 days of chocolate abstinence, 25 regular chocolate eaters took brisk 15-minute walks and tests showed that exercise reduced chocolate urges. Shall we all try this? We MIGHT become “all-around healthier” as exercise increases mental alertness, brings oxygen into the body and is very good for all of us in other ways as well.

HOMES LISTED FOR OVER $100MM HIT BY REAL ESTATE SLOWDOWN

Culling the list of most expensive properties that are for sale from published property listings, high-end brokerages and conversations with real estate agents, here are updates us on the state of the high-end real estate market. Note that in Europe especially many estates and luxury markets are shopped privately for undisclosed prices. Financier Leonard Ross took his Beverly Hills Hearst Mansion listed for $165MM off the market, as did Prince Bandar of Saudi Arabia with his $125MM Aspen Ski Lodge. But “our Donald,” Donald Trump, closed on the sale of his $100MM Maison de L’Amitie in Palm Beach, Florida to Russian oligarch Dmitry Rybolovlev, having given away the largest single residence price concession of all time of $25MM. Trump bought the house for $41.4MM four years ago, so still made a nice profit. Two houses remain on the market right now for $125MM each. The “Fleur de Lys,” in Beverly Hills, CA, modeled after Louis XIV’s Versailles palace, with Versailles-style decor, is 45,000 sq ft. Built over 5 years, included are a 50-seat screening room and library filled with 1st Edition books. There is a 9-car garage, 12 bedrooms, and 15 bathrooms. This Holmby Hills estate is sandwiched between Beverly Hills and Bel Air. A Jacobean manor with interior features similar to Dunnellen Hall, the estate has features such as vaulted ceilings, travertine marble floors, bay windows, limestone walls and wood paneling and sprawls over 40 acres of rolling hills edged with tall trees, is 21,897 sq ft and has a 52-foot long indoor swimming pool.

TECHNOLOGY TO PLAY MAJOR ROLE IN TACKLING GLOBAL DISEASE AND BATTLING CLIMATE CHANGE

Stressing that “ideas, flexibility and entrepreneurship” are even more important than donating money, Larry Brilliant, Executive Director of Google.org, the philanthropic wing of the highly successful and famous search engine, said that their charitable arm has donated about $150MM to charitable organizations since 2004 and allotted about $350MM in online ad space to not-for-profit organizations. Google Maps and News technology are used to track disease outbreaks globally to help avoid epidemics. He also told about Google.org’s tackling climate change, and said, “Global warming is something that happens to all of us. We are in this together. It’s critically important for corporations to step up. Organizations, he said, such as the Bill & Melinda Gates Foundation, the Carter Center and Rockefeller Foundation have the potential to do even more.

LYNN REGIONAL CANCER CENTER AT BOCA COMMUNITY HOSPITAL OFFERS NON-INVASIVE TREATMENTS

More than 3000 cancer patients are treated at the Lynn Cancer Institute every year with multimodality care, where a patient has an entire medical team in one location. Departments included are BRCH Outpatient Imaging and Radiation Oncology, The Center for Hematology-Oncology, chemotherapy and infusion center, multimodality clinic, administration offices and high tech conference center. The Radiation Oncology department will offer “Novalis TX” and Rapid Arc Linear Accelerator allowing steretactic radiosurgery treatment at any location in the body, which are not offered anywhere else in Florida. Treatments are offered from outside the body, outpatient imaging, to destroy tumors or ablate targeted abnormalities without an incision, avoiding hospitalization and recovery periods and possible complications. Radiologists reading the results are nationally renowned, board certified and fellowship-trained with sub-specialty expertise. Advanced imaging tools are also available at the Lynn Cancer Center. The building is located on a 4-acre site at NW 13th Street and NW 7th Avenue in Boca Raton. Satellite locations are in operation in West Boca Raton, Delray Beach and Boynton Beach. If you would like information about a Supplemental Cancer Plan, call Marilyn at 561-988-0070. Marilyn Farber Jacobs is a Licensed Advisor, an Independent Insurance Agent selling life and health insurances, annuities, long term care, life settlements, Medicare Supplements.

ONE WATERMARK PLACE HAS MOST EXPENSIVE APARTMENTS IN WEST PALM BEACH

One Watermark Place, a luxurious condominium on the Intracoastal Waterway, was built in 2003, and has had the highest priced sales in West Palm Beach since it opened. Amenities include doorman, manned gate, 40'x20' pool, ICW and ocean views from units, fitness room, and building garage. The most expensive unit sold in the building had 5 bedrooms, 6 1/2 baths, 9061 sq ft. Listed for $8,800,00 it sold for $7,720,000 after 1062 days on the market. In July 2007, a 4 bedroom, 4 bath 5650 sq ft 6th floor unit sold for $6,100,000, was listed for $7,500,000, featured Jerusalem stone floors and the largest floor plan, on the market for 334 days. The most recent sale was a 2nd floor 4 bedroom, 4 1/2 bath 5242 sq ft unit, featuring marble floors, listed for $2,2995,000 and sold for $2,800,000 after 52 days on the market. There are 7 units currently for sale. A completely renovated unfurnished unit with parquet and marble floors, 3 bedrooms, 3 full and 2 half baths, 5242 sq ft on the 5th floor has been on the market for 60 days for $$6,700,000. The lowest priced unit has 4 bedrooms, 3 1/2 baths, 4035 sq ft, has been on the market 611 days, originally listed at $4,350,000, now priced at $3,495,000, unfurnished.

“BOO” AT THE PALM BEACH ZOO

Bring the kids and be "spooked" at the Palm Beach Zoo's 13th annual Halloween celebration on Saturday, Oct 25^th and Sunday, October 26^th from 9 am to 5 pm. Local businesses and non-profit organizations partner to make this event a "ghoulish" good time for the whole family. Enjoy 'trick or treating' in the midst of 1,500 animals, non-stop animal encounters and wildlife shows, costume contests for all ages, "scary" children's entertainment and performances, and the largest haunted house in "Boo at the Zoo" history! For information regarding sponsorship opportunities, please contact the Marketing Department at 561-533-0887 ext. 223 or claudia@thepalmbeachzoo.org.

ACCREDITED VIRTUAL PUBLIC SCHOOLS COMING NEXT YEAR IN FLORIDA

Believed to be the most wide-ranging virtual mandate in the US, a new Florida state law requires districts to create full-time virtual schools, collaborate with other districts, or contract with providers approved by the state. Your children and grandchildren who live in Florida will be able to go to school entirely online from kindergarten through 12^th grade, never setting foot in a classroom, but about 20% of the curriculum may be taught online and parents must commit to walking their children through the rest of the lessons. School superintendents must be ready by August with details from how to provide the needed technology to how to engage kindergartners attention spans as they sit at the computer for many hours in a row. While this program may eliminate the need to build more schools, the districts still must pay teachers, revamp their curriculum appropriately, and purchase new technology. Districts can choose to pay a state-approved private company to do that . Two online schools are already funded, one for students from kindergarten through eighth grade, and the Florida Virtual School offering middle and high school courses. During last year’s school year, 57,000 students took at least one Florida Virtual School course, but very few committed to an all-online experience. The new Web-based education is expected to attract many students. This year the district will start with 12 students, kindergarten through 8^th grade, who are registered for online school through a state program. Students and parents will be asked for input. For accountability, virtual students must meet state standards and take the Florida Comprehensive Assessment Test. There is concern that the virtual experience cannot be provided to students whose families cannot afford home computers and internet access. Opening school computer labs is one alternative being considered. The North American Council for Online Learning will be watching, as will the rest of us, to see how it goes. For more details see http://www.flvs.net/. Online courses are available for adults too. Check it out!

COME AND SEE SPOTS BEFORE YOUR EYES…

On September 20^th, the Palm Beach Zoo in Dreher Park, 301 Summit Boulevard in West Palm Beach, will be celebrating “all things spotted,” in support of jaguar conservation. One of the resident jaguars, “Izel,” will be celebrating a third birthday! Learn about these beautiful creatures from keeper talks and enrichment sessions. Games, arts and crafts will be featured throughout the day for children.

FLAGLER’S PERSONAL RAIL CAR AT WHITEHALL MUSEUM

Henry Morrison Flagler’s personal rail car, built in 1886, is now on view, and you can walk through the new 8100 sq ft Pavilion at the Flagler Museum it to see it. The railway car has been restored to its original appearance, using records from the National Museum of American History, the Smithsonian, the Delaware State Archives and the Hagley Museum and Library in Delaware. See the salon, master bedroom and bath, guest quarters and kitchen. The car is called “A Palace on Wheels.” See the fine appointments, including the oak paneling and desk. Flagler traveled by this railcar in 1912 along the Overseas Railway to Key West to celebrate completion of the FEC Railyway, a phenomenal engineering feat. This is the first public Beaux-Arts style building built in the US in 60 years. Its design is consistent with Whitehall, which was completed in 1902. The Museum’s Pavilion Café is also in the building. Flagler owned much of the land along both sides of the hundreds of miles of track, and has been called “Florida’s Godfather.” For more information, go to http://www.flaglermuseum.us/ or call 561-655-2833.

MERGING TEMPLES MAY GET NEW HOME

Temple B’nai Araham which meets in the Wellington Mall is merging with Temple B’nai Jacob in West Palm Beach and seeks to purchase a Wellington Village owned 2.82-acre parcel on the south side of Lake Worth Road, bordered on the west by Wellington Shores Drive. The Wellington Village Counsel has reacted favorably to their request. An inventory of the village land, designated for civic uses, is being made. A temple building is envisioned of 8-10,000 sq ft for services, social events, classrooms and an office. Parking would comply with zoning requirements. Beginning with 8 members, then growing to 45 families, the Temple expects to gain 90 – 100 additional members through the merger. The sale of the Temple B’nai Jacob property in West Palm Beach will help fund the land purchase.

CLEMATIS BY NIGHT – WEST PALM BEACH’S HOT SPOT TO CHILL

The 2^nd Thursday evening of every month, from 5:30 to 9 pm, come to Clematis Street in West Palm Beach, to dine, hear great music, see performances. You will find music, ethnic foods and vendors presenting sidewalk shopping for trendy items on every block. Enjoy the Fountainside Concert Series featuring rock, r&b, reggae, blues, soul, swing and Latin music every Thursday evening in Centennial Square. These events are produced by the City of West Palm Beach Mayor’s Office, Division of Community Events.

WIDESPREAD US HOME PURCHASES BY INTERNATIONALS

National Association of Realtors has estimated that between 150,000 and 190,000 homes in the US were sold to foreign nationals between May 2007 and May 2008. Florida, California and Texas were the most popular states. With the US dollar weakened compared to foreign currencies, US real estate was recognized as a good investment right now.

PBIA FEATURING PALM BEACH COUNTY ARTISTS EXHIBIT

An Opening Reception will be held at Palm Beach International Airport on Wednesday, September 10^th , 5:30-7 pm in the Airport’s Concession Mall, Level 2 Main Terminal, across from Travelers Lounge for exhibits of local paintings, sculpture, photography and mixed-media works, sometimes depicting the flora, fauna and natural places in the County. To see a virtual tour of the art, go to http://www.pbcgov.com/fdo/art/artworks.htm. The artworks, created by residents of various Palm Beach County cities, are for sale. Parking available in Short Term levels 4-7. The exhibit will be on display through September 24^th, and is sponsored by Palm Beach County’s Art in Public Places through a grant from the Palm Beach County’s Cultural Council. Selected works with are presented for four months and each exhibition features changing cultural and travel themes. Contact information for artists interested in submitting their works is http://www.pbcgov.com/art/FDORegistry.aspx.

MORE ON WORLD’S MOST EXPENSIVE HOUSE… NOW REPORTED TO HAVE SOLD FOR $750,000,000

Now comes word that the anonymous Russian billionaire who bought the exquisite Villa Leopolda historic estate on the French Cote d’Azur paid a higher price than previously reported. This purchase overtakes the previous highest purchase of a London home by Laksmi Mittal for his son for $236,000,000. (WOW these are all a lot of zeros!). Villa Leopolda is between Monaco and Nice, overlooking Cap Ferrat near Villefranche-su-Mer. It is a cream-colored turreted mansion with two guest houses. King Leopold II of Belgium built the villa in 1902. In 1916, King Leopold’s nephew and heir, King Albert I, turned the villa into a hospital for wounded officers during WW1. The Agnelli family later owned the property (Fiat auto tycoons) and held legendary jet-set parties in the 1960’s, with guests including Frank Sinatra and Ronald Regan (in his acting days). Fifty full-time gardeners are employed to take care of 20 acres of gardens and terraces, with 1200 olive, orange, lemon and cypress trees. The grounds are considered among the most spectacular on the Cote d’Azur. Seller was Lily Safra, widow of murdered banking billionaire, Edmond Safra. A Russian oil oligarch is said to be the new owner. But not Roman, Abramovich, owner of the Chelsea Football Club, who owns a $100,000,000 mansion near Antibes. It is reported that 60 villas and mansions on Cap Ferrat are owned by wealthy Russians.

SOME OF THE “GOOD NEWS”

Affordable house prices combined with attractive exchange rates have resulted in our Canadian neighbors becoming the largest group of foreign buyers of homes in the United States, followed by buyers from the UK, Mexico, China, India and Germany. Since May 2007, foreign nationals have purchased between 150,000 and 190,000 homes in the United States. The most popular purchase was single-family vacation homes with an average price of $297,400. Florida led the way followed by California, Texas, New York, Washington and Nevada. Four out of Ten foreign buyers paid for their new homes with cash, compared to 7% of domestic buyers. Average stay for international buyers was 2.6 months during the year. 14% of purchases were $750,000 or more. This information is from the 2008 NAR Profile of International Home Buying Activity, a survey based on responses from about 4,000 Realtors who serve foreign buyers.

PLAN NOW: LOOK WHO'S COMING TO THE KRAVIS CENTER!

Carol Burnett (1/17/09)

Barbara Cook (12/16/2008)

Lily Tomlin (2-10-09)

Jackie Mason (2-2-09)

Steven Sondheim (2-4-09)

Marvin Hamlisch (3-8-09)

Patti LuPone and Mandy Patinkin, original EVITA stars (3-25-09)

Wynton Marsalis (1-28-09)

Dr. John and the Neville Brothers (3-3-09)

Led Zeppelin (1-13-09)

The Pink Floyd Experience (2-14-09)

Blue, a tribute to Joni Mitchell (1/2-4/09)

Kravis Membership is $75 and includes priority seating opportunities based on level of donation. Public tickets go on sale for 2008-2009 at 9 am on September 20^th. For more info call 561-832-7469 or go to http://www.kravis.org. Starting in October, for 11 sessions, “Movies by Moonlight” will be presented in the Gosman Amphitheatre including Grease, Sound of Music and Singin’ In The Rain.