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Claremont Courier 8.2.2013

Claremont Courier 8.2.2013

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Published by Claremont COURIER
The Claremont Courier is the community newspaper for Claremont, CA., 35 miles east of Los Angeles.
The Claremont Courier is the community newspaper for Claremont, CA., 35 miles east of Los Angeles.

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Published by: Claremont COURIER on Aug 01, 2013
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12/09/2013

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T
HE REAL ESTATE MARKET BOUNCES BACK
...
BUT FOR HOW LONG
?/
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Friday, August 2, 2013
u
One dollar
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laremont
 
claremont-courier.com
LETTERS/
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 AND
7CALENDAR/
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20Stay in the loop. Visit our website for thelatest news:claremont-courier.comPOLICE BLOTTER/
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4OBITUARIES/
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   t
 t
Catching up atsummer camp
COURIER photos/Steven FelschundneffChristopher Lopez, with net, helps Andrew Segura land a fish last week at the Mt. Baldy Trout Pools. The Clare-mont Unified School District Summer Day Camp brought 56 kids to the pools for a morning of fishing as part ofthis yearʼs theme, “The Great Outdoors.”
Pilgrim Place resident Ken Dale explores‘Order and Chaos’ in solo art exhibit
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COURIER photo/Peter WeinbergerIt was standing-room-only near the stage at the Memorial Park bandshell as TheRavelers played blues and rock favorites to the delight of the crowd on Mondaynight. Next up? Pop Gun Rerun will play hits from the ʻ80s on August 5.
 
Bruce Plumb
Dear Editor:The Claremont Unified School Districtfamily lost a valued member on July 23.Bruce Plumb served the community of Claremont and CUSD for the past 37years.Bruce represented his brothers and sis-ters at CUSD through his many hours of dedicated service with the CaliforniaSchool Employees Association (CSEA).Bruce served with pride and passion. Healways was the first to arrive daily at ourService Center and often was the firstvoice that someone heard on the phonewhen needing assistance.Bruce was never short of opinions andalways tried to be a part of the solution asit related to many subjects. I am honoredto have had the opportunity to have Brucework for and with me. I am grateful forgetting to know him and to listen to hisideas. He was a dedicated family man,served our country in the Navy and al-ways was a voice for the voiceless.I am compelled to write this letter to theeditor because Bruce Plumb cared aboutthe students and families of CUSD. I willmiss him.
Rick Cota
CUSD Executive DirectorFacilities & Nutrition Services
Proposition 8
Dear Editor:I, too, share Mr. Douglas Lyon’s frus-trations with the initiative process, but fora different reason.Each court has its own procedures indeciding whether or not to hear a case.The United States Supreme Court decidedthat the parties who brought suit had nostanding to do so. Standing is a compli-cated matter but, to try to simplify things,it means that the parties that brought thelawsuit forward had no skin in the game.The governor or attorney general of California should have or could have de-fended Proposition 8 but chose not to doso. They did not agree with the initiativethat was passed by the people of Califor-nia, and as the legal representatives of thestate, they would have been recognized ashaving standing to sue to enforce Prop 8’spassage, but they did not agree with theinitiative and chose to remain silent.I can understand why they disagreedwith the decision of the people. TheSupreme Court’s decision was unsatisfac-tory. They failed to make a decision on themerits of the case and the decision fell tothe lower court’s ruling because the casefailed to meet the criteria for the SupremeCourt to hear it on its merits. By decidingthe case the way they did, they rewardedthe bad behavior of the Governor for nothaving defended what the people passedin the initiative process.But on the other hand, the initiative wasflawed. Neither the state nor the people of the state have the power to do away withour rights that we have under the Consti-tution of the United States. We can notpass laws contrary to the areas that are theexclusive powers of the federal govern-ment, such as treaty-making or immigra-tion, which go beyond the laws of ourgovernment.We also cannot vote away our rights byvoting to do so. Let us say that the peopleof the state of California vote to take awaythe rights of women in their ability to voteor vote to allow a business to deny blacksservice or public accommodations. Noinitiative can do that. That is why we havethe Supreme Court and lower courts to in-terpret what we do when we pass an ini-tiative. The courts are the final arena of protection when the people exhibit signsof mob rule.We are no longer ruled by the Articlesof Confederation where states had thepower and sovereignty to decide thesethings. We are one nation, not 50 stateswith 50 different rule sets. We are gov-erned by the rule of law under our federalConstitution.
Gar Byrum
Claremont
Claremont COURIER/Friday, August 2, 2013
2
The Claremont Courier (United States Postal Service 115-180) is published once weekly by the Courier Graphics Corporation at 1420 N. ClaremontBlvd., Suite 205B, Claremont, California 91711-5003. The Courier is a newspaper of general circulation as defined by the political code of the state of California, entered as periodicals matter September 17, 1908 at the post office at Claremont, California under the act of March 3, 1879. Periodicals postageis paid at Claremont, California 91711-5003. Single copy: One dollar. Annual subscription: $52.00. Send all remittances and correspondence about sub-scriptions, undelivered copies and changes of address to the Courier, 1420 N. Claremont Blvd., Suite 205B, Claremont, California 91711-5003. Tele-phone: 909-621-4761. Copyright © 2013 Claremont Courier
one hundred and fifth year, number 38
1
420 N. Claremont Blvd., Ste. 205BClaremont, CA 91711
(909) 621-4761Office hours: Monday-Friday9 a.m. to 5 p.m.
Owner
Janis Weinberger
Publisher and Owner
Peter Weinberger
pweinberger@claremont-courier.com
Editor-in-Chief
Kathryn Dunn
editor@claremont-courier.com
Newsroom
City Reporter
Beth Hartnett
news@claremont-courier.com
Education Reporter/Obituaries
Sarah Torribio
storribio@claremont-courier.com
Sports Reporter
sports@claremont-courier.com
Photo Editor/Staff Photographer
Steven Felschundneff
steven@claremont-courier.com
Reporter At Large
Pat Yarborough
Calendar Editor
Jenelle Renschcalendar@claremont-courier.com
Back Page
Sammy
sammy@claremont-courier.com
Production
Ad Design
Jenelle Rensch
Page Layout
Kathryn Dunn, Jenelle Rensch
Advertising
Advertising Director
Mary Rose
maryrose@claremont-courier.com
Classified Editor
Jessica Gustin
classified@claremont-courier.com
Business Administration
Office Manager/ Legal Notices
Vickie Rosenberg
legalads@claremont-courier.com
Billing/Accounting Manager
Dee Proffitt
Distribution/Publications
Tom Smith
tomsmith@claremont-courier.com
Circulation/Subscriptions
subscriptions@claremont-courier.com
Interns
Christina Burton
 
READERS’ COMMENTS
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Our community newspaper is oneof the best in California.Our website updates news from theClaremont area every day.
 ADVENTURES
IN HAIKU
 Dawn sings bright and clear Making crusty crooners smile Ears, eyes, hearts open
—Elizabeth Tulac
Haiku submissions should reflect upon lifeor events in Claremont. Please email entriesto editor@claremont-courier.com.
READERS’ COMMENTS
Please send readers’ comments via email toeditor@claremont-courier.com or by mail orhand-delivery to 1420 N. Claremont Blvd. Ste.205B, Claremont, CA 91711. The deadline forsubmission is Tuesday at 5 p.m. TheCOURIER cannot guarantee publication of every letter. Letters are the opinion of thewriter, not a reflection of the COURIER. Wereserve the right to edit letters.
 Letters should not exceed 250 words
.
 
A
fter years of stagnant toslow growth, theClaremont real estatemarket is hot. But how longprices will continue to climb isanother question.
Homebuyers who were hesitant ayear ago are now motivated due to ris-ing prices and mortgage interest rates,which are still historically low, thoughthey have recently started to increase.This assessment was the consensusfrom a roomful of real estate profes-sionals recently at Wheeler SteffenSotheby’s International Realty, andshared by longtime Claremont realtorCarol Curtis of Curtis Real Estate.Claremont homes are selling quickly asinventory of available homes, 76 as of July 25, remains relatively low, thusdriving competition.“There is a lot of pent-up demand,”said Ms. Curtis, “but there is also a lotof fear. There is talk of interest ratesgoing up and everyone wants to buy atthe bottom of the market before itheads back upwards.”Another factor driving demand iscompetition from investors who oftenoffer cash deals. Instead of placingmoney in savings accounts with low re-turns, they are instead placing their in-vestments in real estate, and flippinghomes for a profit, according toMs. Curtis.“If you are an investor, therereally isn’t anywhere to park yourmoney. If you put it in a CD[Certificate of Deposit], youwon’t even get one percent,” shesaid. “Real estate is an attractiveinvestment with growth and in-come.”A typical mid-priced home inClaremont, one offered below$750,000, receives multiple of-fers and sells quickly, oftenwithin one week or even days, re-altors shared. For example, ahome sold recently by broker as-sociate Mason Prophet received 7offers and sold for $500,000,which was $50,000 over the ask-ing price. Furthermore, offersoften come with fewer restric-tions, such as appraisal contin-gencies in which the offer iswithdrawn if the home appraisestoo low.The median single-familyhome price in Claremont for June 2013was $589,000 with 32 sales; accordingto a
 Los Angeles Times
chart releasedby the real estate information firmDataQuick. That reflects a price in-crease of 22.7 percent over June 2012.The median price for condominiums inClaremont was $378,000, with 8 sales,which reflects a 5.55 percent drop froma year ago. The median is the point atwhich half of the homes sell for moreand half sell for less.Prices for the first quarter of 2013tell a slightly different story with themedian single-family residence at$450,000 with 70 sales, a 9.9 percentincrease from 2012, and the mediancondo at $372,000, up 48.8 percent, ac-cording to DataQuick.Prospective homebuyers are rushingforward, eager to get a piece of theprized local housing stock. Dee AnnEstupinian, a senior loan consultant atBroadview Mortgage, says the rate of first-time homebuyers looking for loanshas risen 40 percent over the past 18months, mainly due to “confidence inthe market.”“Even those who haven’t been in themarket for the past 10 years are tryingto get out there,” Ms. Estupinianshared. “Everyone knows there is a bot-tom, and they don’t want to miss out.”However, if rising interest rateshelped motivate current buyers, realtorswarn they could also become thespoiler. Overbidding and an abundanceof cash buyers are making it harder forthe average consumer to compete. Andif rates and prices keep going up with-out an increase in wages, then Clare-mont could quickly becomeunaffordable to the average consumer,according to broker Paul Steffen.“Don’t be surprised if rates go up to6 percent or even 7 percent bynext year,” said broker associateGeoff Hamill. “That is why it is agood time to buy right now.”First-time homebuyers AlexCastellon and Jennifer Thiemewere prompted to begin theirhouse hunt several months ago,encouraged by the housing stockand affordable prices. However,as their search continued, theyadmit they began to lose their ini-tial optimism.“Looking at both the MLS(Multiple Listing Service) onlineand physically seeing houses withmy real estate agent, I began tosee that it is not a buyer’s market,but rather a seller’s market,” Mr.Castellon said. “With that beingsaid, the homes that are availableare grossly overpriced. Many of the homes that we have seen arelisted in ‘as is’ condition, theseller will not make any repairs;As a first-time home buyer, Idon’t want to overpay for my fu-ture home.”Mr. Castellon added that a number of the homes needed more than just minorrepairs.“I don’t mind cosmetic work but re-placing worn-out countertops, doors,stained carpets, holes in walls andbotchy patch-up jobs does not consti-tute the prices that some sellers are ask-ing for,” he said.For many, like Mr. Castellon and Ms.Thieme, the affordability window maybe quickly closing. According to a re-port from the California Association of 
COURIER photos/Steven FelschundneffRealtors Geoff Hamill, left, Ryan Zimmerman, Bernadette Kendall and Mason Prophet tour a home in the University Terracedevelopment during a recent brokerʼs caravan of new Claremont real estate listings. The home is priced at $429,000, whichis a fast-moving price point in the current real estate market.
Claremont COURIER/Friday, August 2, 2013
3
Timing is critical when home buying in a hot market
CITY NEWS
This home on Shelter Grove in Claremont, which was listed by Curtis Real Estate, sold for morethan the asking price after only a month on the market.REAL ESTATE/ 
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