Want to Increase Your Wealth? Buy a Home!

According to a recent New York Times article, consumers and real estate experts alike have regained their confidence in the housing market, which is key for most Americans in amassing their wealth. Indeed, studies have shown that the net worth of homeowners will be 36 times that of a renter! This large gap is attributed to the process of mortgage payments and the concept of “forced savings”. Click on the link below for more details.

http://tinyurl.com/o8sy6xe

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U.S. Military and Silicon Valley to Partner Up

Hoping to tap into the talents of the Bay Area’s high-tech companies and innovative entrepreneurs to strengthen the country’s security system with flexible electronics, the Pentagon will be investing $171 million to set up shop in in the heart of Silicon Valley. We’ve already seen what emerging technology can do for the military, but in recent years their focus has been on fighting wars in Iraq and Afghanistan. Ashton Carter, the U.S. Secretary of Defense, feels strongly that now is the time to look forward and push for new advancements. Click on the link below for the full story.

http://tinyurl.com/ojsxn9a

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A Los Altos Tradition Fades into History, A New One Begins

Alas, the annual “Rock Back the Clock” event at the Rancho Shopping Center in Los Altos is no more! The fun 1950’s era event had been delighting residents and Rancho merchants alike for 25 years and had also been a major fundraising contributor to Los Alto’s annual Festival of Lights Parade.  But the “Rock Back the Clock” organizers feels that this theme has run its course and the time is ripe for change so starting this year, the Rancho Shopping Center will introduce a new theme – a Wine Walk fundraiser! Click on the link below for more details.
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Los Altos $65 Million Measure A: Is There Another Position?

Proponents of the $65 million Measure A bond, which is scheduled to be on the voting ballot  this November, believe strongly that upgrading the recreation facilities at the Hillview Community Center is key to keeping Los Altos the city of choice to live and raise a family. At 70 years old, the center is outdated and in dire need of improvements to meet handicap accessibility requirements and earthquake safety codes.There is a conflicting opinion held by numerous residents, however, that the project is too expensive, has too many hidden costs, and is too extensive.

Want to know what I think?  There is a lot we can do with $65 million…

http://tinyurl.com/o5vg4u3  Supporting opinion…

http://tinyurl.com/o9yl4k2   Dissenting opinion…

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Los Altos School District – A New Campus?

In it’s ongoing quest to determine how to deal with its projected enrollment growth, the Los Altos School District continues to look at community feedback for direction before making a final decision on how to spend the $150 million Measure N bond residents approved in the last election. The district has conducted both in-person and online discussions and is leaning towards adding a 10th school site. However, out of all the options that received the most support, this was at the bottom of the list of options since participants felt they needed more information to justify adding a site. Click on the link below to read the full story for a full update on this issue.

http://tinyurl.com/o4a743t

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Results of the 2015 Downtown Los Altos Survey

The Los Altos City Council has released the results of its 2015 Downtown Los Altos survey, which is a follow-up to the initial survey conducted in 2012. By all indications, Los Altans are generally pleased with the direction the city has taken with the downtown area over the last 3 years but they have also expressed some concerns. Here are a few key findings:

  • 82% of residents are happy with the “look and feel” of downtown Los Altos. This is a 14% increase from 2012. The main reason noted is the city’s commitment to retain the small town atmosphere.
  • 99% of all residents visit the downtown area at least once a month.
  • 74% feel that a safe and convenient route between downtown and the community center is important and would support an additional crosswalk with flashing lights across San Antonio Road for those walking or biking.
  • Parking is more of an issue now, with 42% saying it’s difficult to find downtown  parking  (12% higher than in 2012). Clearly, this is an issue that the city will need to address.
  • In addition to parking, the other issues of concern are safety for bicyclists and pedestrians and the volume of traffic.
  • When asked if the city should add more office buildings and housing in the downtown area, the majority wasn’t in favor because they felt it would impact the city’s small town atmosphere.

Click on the link below to read the full report.

2015 Downtown Survey

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Los Altos and Mountain High Schools Receive Record Grant

Due to the overwhelming generosity and support from the Mountain View and Los Altos communities, the Mountain View-Los Altos High School Foundation was able to donate $1.5 million to the MVLA High School District this year! The foundation was created 33 years ago and this is the largest grant to date. The funds help to keep class sizes small, as well as provide technology upgrades and other classroom materials. Click on the link below for more details.

http://tinyurl.com/pnv7um7

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