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What’s Sacramento Doing New Years Eve?

franky242 @ FreeDigitalPhotos.net

franky242 @ FreeDigitalPhotos.net

Looking for something to do New Years Eve in Sacramento? Something for the kids or for the adults only? Sacramento has a lot going on New Years Eve. Something for everybody’s budget.

Free Events

$ Events

  • New Year’s Even Reggae Reload – Legendary reggae artist Papa Michigan performing live and bringing in the New Year at Taste of Jamaica Restaurant. Doors open at 7pm and the party ends at 2am New Years day. $15 at the door. Follow link for event details.
  • A New Year’s Dance Party with Lovefool – 80s and 90s music performed live by Lovefool. Dance all night at Harlow’s. $25 – $30 at the door, 21 and over party. Doors open at 8pm.
  • New Year’s Eve! Goodbye 2013, Hello 2014! – The Park Ultra Lounge and Hot 103.5 will be having a New Years Eve celebration with balloons, confetti, streamers and music. 21 and over party. $35.
  • Mix Downtown New Year’s Eve 2014 – M!x Downtown is featuring DJ Eddie Edul for a night of music, complimentary party favors, confetti blast, and a midnight champagne toast. Also, watch the ball drop in New York City on HD plasma screens. $35
  • New Years Eve 2014 at Social Nightclub – 21 and up. $25.

$$-$$$ Events

Shared Fences and Boundaries: New Law Jan. 1, 2014

For landowners with properties that share fences and other boundaries there is a new law going into effect on January 1, 2014.

According to the new law, Assembly Bill 1404 (codified as Cal. Civil Code § 841), landowners share an equal benefit of fencing and are equally responsible for the cost of construction, maintenance, or replacement, unless otherwise agreed upon in writing.

30-day prior written notices to all affected adjoining landowners are required for any intent to incur costs regarding a fence. The notice must include:

  1. A notice of the presumption of equal responsibility for the reasonable costs of construction, maintenance, or necessary replacement of the fence
  2. A description of the nature of the problem with the shared fence
  3. The proposed solution for the problem
  4. The estimated construction or maintenance costs to address the problem
  5. The proposed cost sharing approach
  6. The proposed timeline for addressing the problem

An adjoining landowner can dispute the notice by demonstrating with evidence that imposing equal responsibility would be unjust. To determine if equal responsibility is unjust, the court considers:

  1. Whether the financial burden on one landowner is substantially disproportionate to the benefit conferred upon that landowner by the fence
  2. Whether the cost of the fence would exceed the difference in the value of the property before and after its installation
  3. Whether the financial burden to one landlord would impose an undue financial hardship given that party’s financial circumstances as demonstrated by reasonable proof
  4. The reasonableness of a particular construction or maintenance project, including the extent to which the costs appear to be unnecessary, excessive, or the result of one landowner’s personal aesthetic, architectural, or other preferences
  5. Any other equitable factors appropriate under the circumstance

This law does not apply to a city, county, political subdivision, public body, or public agency.

Minimum wage will see a raise in these two California cities

According to a recent report, 13 states, California included will see an increase in their minimum wage for the new year.

In California, San Francisco will see its minimum wage raise from $10.55 to $10.74 and San Jose’s minimum wage will raise from $10.10 to $10.15.

It was reported earlier that San Francisco and San Jose are some of the most expensive cities to live in.

Most of next week’s increases will come courtesy of an inflation index. Ten states have tied their minimum wages to the index, guaranteeing that they rise with the cost of living each year. Other states, such as New Jersey and Connecticut, passed legislation in 2013 that will nominally raise their minimum wages. (California Gov. Jerry Brown signed legislation that will raise the state’s minimum wage to $10 by 2016, but the first increase, to $9, won’t come until July.)

Please read “13 States Will Raise Their Minimum Wage For The New Year” for details.

Free Online/Hotline Mortgage-Assistance Program in Sacramento

December 10th through December 12th 2013, from 8 am to 8 pm, homeowners can visit event.hopenow.com or call (888) 845-0418 “to connect with housing counselors and mortgage servicers who can access required documents for loan modifications, short sales and other mortgage options,” according to SacBee.com.

Homeowners will also have the opportunity to apply for the Keep Your Home California program, which is a “$2 billion state managed, federally funded foreclosure prevention program.”

Vendors scheduled to participate:

  • Chase
  • Citi
  • HSBC
  • Nationstar
  • Ocwen
  • PNC
  • Select Portfolio Servicing
  • Seterus
  • Sun Trust
  • Wells Fargo

If your mortgage is not held by any of the above vendors, you can still speak with a housing counselor. The program ends tomorrow so give them a call today.

Please read “Event aims to help at-risk homeowners in Sacramento area and throughout Central Valley” for details.

Is the US experiencing another housing bubble?

According to Fortune Magazine, along with China, Australia, Brazil and New Zealand the US is one of the housing bubbles to keep an eye on. Although it appears as if things are recovering from the market crash of 2007, “higher prices in some parts of the U.S. have led one top Federal Reserve official to admit he is seeing fresh signs of a housing bubble,” as reported by CNNMoney.

“I’m beginning to see signs not just in my district but across the country that we are entering, once again, a housing bubble,” Dallas Fed President Richard Fisher told reporters last month after a speech in New York. “So that leads me … to be very cautious about our mortgage-backed securities purchase program.” (From CNNMoney) 

With the price of single-family homes on rise, and the “Fed’s easy money policies” keeping mortgage rates low, asset prices can see inflation, according to Fisher.

Please read “5 Housing Bubbles to Watch” for details on the housing bubbles in China, Australia, Brazil, and New Zealand.

 

Remodeling in Sacramento on the rise

According to recent reports at Sacbee.com, homeowners are feeling more comfortable with “growing confidence in the economy, rising home equity and low interest rates.”

“In the city of Sacramento, permits for residential remodels and additions in excess of $50,000 increased from 97 in 2012 to 113 so far this year, said Ryan DeVore, the city’s chief building officer. The numbers were much higher in 2002 and 2003, during the first part of the housing boom last decade, when home equity was rising steeply. After a long drop-off, DeVore said his department is busier than it has been in years processing permits and performing inspections for all types of jobs.”

Please read “Remodels ramping up again in Sacramento area” for the full story.