Here
Today, Gone to Maui!
Just like most of the locals we are traveling
for mud season,
So for a little change~The Altitude News will be broadcasting
from Hawaii!
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Welcome
to my monthly newsletter, usually published by the first business
day of each month, featuring Breckenridge, Colorado News and
Events plus other Rocky Mountain News. Here you will find
information about our Summit County schools, government, skiing
and summer activities. There is information on ski homes,
golf homes, lake front properties and mountain homes from resort
to remote. You will also find out about real estate news trends
and tips. Mostly you will find good news about this fantastic
community and you will learn that it's not just the scenery
that makes it a great lifestyle, it's the people. |
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Under the Historic
Banyan Tree in Lahaina you will find
some fun and friendly artists. Every Thursday, rain (hardly
ever) or shine.
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Gosh - another crummy
day in paradise - slight overcast. Really folks even a rainy
day here in Kauai is way too beautiful.
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South
Maui beaches are wonderful, you will find the white sand and
bright blue water you think of when you think hawai'i.
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Front Street in Lahaina, Maui -
architecture so very reminiscent of Breckenridge, the tourist
crowd is the same too!
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MAY
2006
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May
and June are two of the least crowded months here in the high
country. Yet the skies are still clear and sunny and you can
hike most of the trails, running into just enough snow to make
a fun snowball to cool off your hiking companions! |
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YOU
NEVER FORGET THE FIRST TIME… |
| After
spending six months surrounded by snow and stung by
the wind-chill of a Rocky Mountain winter the allure
of the tropics is undeniable. As we arrive at the airport
in Denver the chill is still there on an unseasonably
cold day in the flatlands. The air conditioning of the
plane keeps our bones from thawing and we try to remember
what it was like the last time we were really warm.
Even transferring planes in LA fails to relax us; the
artificial coolness in the terminal must feel good to
the locals.
Nearly eight hours on the plane and our muscles seem
unusually stressed as if on the brink of shivering.
The plane again is air conditioned for warm climate
folks who live their lives chasing the coolness. We
are beginning to feel a little worn, and then out the
porthole we get our first glimpse of Haleakala, the
volcano that formed the eastern half of Maui, so lush
and green rising from the deep blue of the Pacific.
It’s bigger than we ever imagined, climbing abruptly
from the foam of the waves crashing on the rocks and
suddenly piercing the clouds that are nowhere else in
the sky except as a halo around the “house of
the sun”. This is definitely not Kansas, or the
snow covered peaks we left behind.
We circle around between the two peaks that make up
Maui and as we come in for our final approach we spot
a whale so clear under the brilliant tropical water.
Then as if to say “aloha” he pulls off a
full breach, completely out of the water, finishing
with a spectacular splash. My heart is racing and my
wife is out of her seat with excitement. As our plane
comes down on the tarmac the vast fields of sugar cane
stretching to the slopes of Haleakala seem to dance
the hula in further welcome.
Stepping through door of the plane the heat and humidity
hits us like a blast furnace and momentarily takes our
breath away. Within a few seconds that warmth we have
been seeking takes over and a sense of relaxation and
tranquility is spreading through our bodies. As we quickly
forget the stress we sought to leave behind we find
our senses begin to grab our attention. First the smell
of fresh flower leis hit our olfactory, and then the
variety of colors and the beauty of the traditional
Hawaiian greeting amaze us. We notice we can almost
taste the sea as the salt air becomes apparent. Finally
the noise from an unbelievable number of birds touches
us with the song of the tropics. That is the first thing
I miss when I get back home; waking up that first morning
in my own bed and not being greeted by thousands of
birds celebrating the sunrise. Somehow the barking dogs
and the neighbors’ cars starting is just not the
same as a Maui beginning to the day.
You never forget your first trip to Hawaii. It stays
in your mind, your heart and captures your soul. You
will always feel that connection for having lived the
dream you have held for so long. To have experienced
a place so unique and out of the ordinary of your daily
existence means you’ll never regret the trip or
wish you had spent the time and money otherwise. |
Back
to the top |
*TRAVEL
TIPS…End of Reefs? a new story will be her 5-10 |
| A
new study just released indicates that Caribbean coral
is dying at a previously unforeseen rate. A combination
of warm waters and disease has killed about one-third
of the coral in monitored areas. Many of these colonies
have been around for a millennium and will not grow
back in your great grandchildren’s lifetimes.
Did
you know that just in fairly recent times twenty-five
percent of the world’s coral reefs have died?
Estimates are that by 2010 forty percent of the earth’s
reefs will be gone. In some places, like the Indian
Ocean, over eighty percent of the reefs have experienced
problems and are in danger. At our current pace Equatorial
reefs will be gone before you and I are done traveling.
The process of global warming and the increase in El
Nino currents are mostly to blame. Additionally, things
like over fishing, dynamiting and siltation from deforestation
are extracting a toll. In the Philippines siltation
caused by deforestation has killed one-third of the
coral. Over-growth of algae also chokes coral. Reduction
of fish populations that feed on the algae and pollution,
which stimulates algae growth, are the culprits here.
The
balance that keeps reefs alive and growing is a delicate
one to be sure. Coral polyps, the individual coral animals,
live in harmony with one-celled partners, zooxanthellae.
Living within the coral’s tissue, the colorful
and plantlike zooxanthellae exchange food for shelter,
they process sunlight to manufacture 95% of the energy
the corals need to survive and build their white limestone
skeletons. When ocean temperatures rise, even slightly,
the zooxanthellae are expelled and the corals lose their
color and their sunscreen. This phenomenon is called
bleaching. Once ocean temperatures return to normal
some bleached corals recover their zooxanthellae, their
color and their health, others die. Many of the surviving
corals will not breed for years after bleaching. Bleached
corals also lose their resistance to diseases such as
black band and white plague. Unstressed corals seem
to be recovering nicely from the ’97 El Nino.
Corals that have additional pressures like siltation
and pollution are not. Since 1996 the Florida Keys National
Marine Sanctuary has lost more than one-third of its
living coral cover.
Coral
has been forming reefs around the world for 200,000,000
years. They provide an unbelievable array of biological
diversity. An acre of reef in Southeast Asia may hold
as many varieties of fish as there are North American
bird species. Estimates say there are as many as 1 to
3 million marine species living in the world’s
reefs, possibly more than the number of species in the
tropical rain forests. The demise of coral triggers
a domino effect as fish that feed or take shelter from
the reefs also decline. Next go are the larger fish
species, then the fishing and tourism economies. The
Great Barrier Reef generates over $1 billion annually
from tourism. One quarter of the fish people consume
in developing nations come from reefs. Worldwide, reefs
are estimated to generate $375 billion to the economy.
This is probably a conservative estimate. Letting them
slip into extinction would be very short sighted indeed.
On
the plus side growing public awareness is translating
into increased conservation efforts. With the recognition
that the problem does not stop at national boarders
the cooperative efforts are spreading worldwide. As
US conservation programs increase, so does assistance
to international programs. Local communities have shown
a willingness to step up when given the information
about the problems and the tools to deal with them.
The cataloguing and sharing of data has also helped.
The Global Coral Reef Monitoring Network, releases bi-annual
reports on the status and threats to the world’s
reefs. The 2004 report focuses closely on the relationship
between human activities and diseases affecting reefs.
To view the 2004 report: The Status of Coral Reefs of
The World, go to www.GCRMN.Org.
For
those who wish to help stop the decline please check
out Project Aware Foundation. They are doing their part
to get the word out. Without greater public participation
the fight is lost already. Go to their site: www.LivingReef.org
to learn more and see how you can help. If you haven’t
yet been to the tropics and snorkeled or SCUBA’ed
on a reef we hope you will help so you will get the
chance to witness the magnificence. If you have visited
a reef I need say no more.
Contact
Me if
you need further tips on where to stay, eat or play.
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to the top |
INVESTMENT
OPPORTUNITIES… |
| Are
you a passive investor? Do you like to sit back and let
someone else make your financial decisions for you? Beginning
in 2001 that strategy was catastrophic for many. Hard
working Americans across the country watched as their
life’s work was wiped out when mutual funds and
401K’s came crashing down.
Right
now there is $4 TRILLION in IRAS in the US. 97% are in
Wall Street securities. ONLY 1% is in real estate, why?
My guess is that most financial planners don’t tell
you your IRA can purchase and make a profit from the ownership
of real estate. Has yours? A typical financial planner’s
“Balanced Portfolio” pie chart has a mixture
of Large-cap, Equity-cap, bonds, etc. My financial planner
has 41% real estate and 59% securities.
If
your IRA has been wallowing in the 4% doldrums why not
take a look at real estate. Even in slow markets real
property still appreciates and never goes to zero (read
Enron). In Summit County we have seen appreciation average
7-8% over the last 30 years that I have been here. Big
deal you say. Well, there is a bank that will lend your
IRA money to buy real estate at 30% down. Ask your accountant
but by my calculations that makes your appreciation 21-24%!!
Call today and let me get you started toward a secure
retirement. If you are intrigued here are some resources
for more information:
http://irachoices.com/
http://www.guidantfinancial.com/
Things
just keep getting better; Contact
Me Today! |
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MARKET
CONDITIONS & OTHER ROCKY MOUNTAIN NEWS |
| Nationwide existing
home sales in February jumped up 5.2% by units sold; locally
sales were up 6% in dollar volume for both January and
February, and 2005 was an all time record. Some experts
are saying this is an anomaly and not an indication that
the bubble is still intact. The National Association of
Realtors says this is an indication that, while they agree
there will be a slowdown in the housing market, it will
be a soft landing and should remain relatively strong
through 2006. What is this based on? First, homes for
sale inventories are up but nationally we are still at
just a 5.3-month supply, under six months supply is considered
a seller’s market. Secondly the job market is still
very strong. The numbers of new unemployment claims filed
in March indicate a strong labor market. In Colorado we
added 51,500 more jobs in just the first three months
of this year. We rank eighth in the US in per capita income
and income grew 5.1% last year. The unemployment rate
here fell to 4.3% for February compared with 5.2% a year
ago. Nationally the rate is at 4.8% at press time. Additionally,
The S&P 500 had its best quarter since 1999, The NASDAQ
had its best three months since 2000 and the DOW is off
to its best start since 2002. When people are working
they are buying homes.
But what about the real estate crash? It’s not
very likely. In the 37 years the National Association
of Realtors (NAR) has tracked median home prices, not
once was there a decline. And, over the last 37 years,
there have been numerous economic declines. The economic
fundamentals today look strong. The Federal Reserve System
is projecting 6.5% nominal GDP growth for 06. Meanwhile
the median price for a home is $209,000, up 10.6% from
a year ago.
Although forecasts call for a drop in housing starts
of 6.5% to 7% and a drop in existing home sales of 4.5%
to 5%, keep in mind that 05 was the all time record, and
with the projected, 06 would still be the third highest
all time in housing starts and resales. Why should we
believe these national housing forecasts? In the summer
of 2004, Joint Center for Housing Studies at Harvard and
the Homeownership Alliance released a study that found
the annual demand for new housing over the next ten years
is likely to be greater than the past 30 years. This was
due to a) upwards revision of the estimate on population
(especially from immigration) by US Census, b) the Baby
Boomers are now buying retirement and vacation homes in
unprecedented numbers and c) the Echo Boomers or Generation
Y will be entering the housing markets.
With the fast sellout, and now construction of, The Mountain
Thunder Lodge Townhome project this past spring and summer
Vail Resorts Development Company already decided to push
ahead with the Skyway Skiway ski run from Peak 8 back
to the skier parking lots. It opened this year, two years
ahead of schedule! Now the Peaks 7 and 8 development has
been moved to the front burner. This will be a world-class
project that will vault Breckenridge into the elite of
resorts. It will sell fast and prices will go up quickly.
Vail Resorts is so Bullish on Breckenridge that they have
also started construction of the long awaited Gondola.
Contact me now to be at the forefront as information is
released.
What’s all this got to do with Summit County real
estate? Things
just keep getting better; Contact
Me Today! |
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©The Altitude News
2003 All Rights Reserved |
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