There was a whole lot of traffic due to the After-Xmas deals at the stores today! I went to Victoria Gardens today and Ontario Mills, and every place was packed! It's good to be back at the computer though with today's real estate news.
Maybe former Microsoft executive Kai-Fu Lee will start feeling lucky in real estate, now that potential buyers of his Bellevue house know he's not coming back to work in Redmond. Lee left Microsoft for Google in July, then put his Bellevue pad up for sale and moved to California. But his job transfer bogged down in a little dispute, settled last week, over the noncompete agreement he signed at Microsoft. Lee's legal limbo didn't affect efforts to sell the home, according to listing agent Tere Foster of Windermere Real Estate. "One is not really related to the other," she said. "I don't think people are aware [that it's Lee's house] other than a neighbor." Listing photos reveal the rooms are bare in the five-bedroom, 6,300-square-foot Lakemont-neighborhood house. The house, with "high-tech cabling," a wet bar and a jetted tub, is priced at $2.1 million and change. Legal filings in the case reveal that Google asked Lee to move south and become a California resident. Lee, in turn, asked the company to pay for the closing costs and commission on the sale of his Bellevue house. Click here to read more.
The Truth: California is a Mecca for Business and Jobs. Recent study showed that while approximately 44,000 California jobs were lost to relocation in the period from 1997 to 2000, about 20 times that many were created by expansion of existing businesses and creation of new ones. Click here to read more.
Raising your value. In increasing net worth, most investors had better be ready to take a chance or two. The poorest man on Forbes' list of the 400 richest Americans has a net worth of about $900 million. Not even a winning Mega Millions lottery ticket would help the average American household - with a net worth of $86,000 - catch up to Forbes' pauper. But if you're serious about sharply increasing your net worth in the New Year, many financial advisers say you'll have to engage in some calculated risk. With real estate prices leveling across the nation, the stock market's direction uncertain and oil prices unpredictable, there are no safe bets on a tidy return on investment these days. Still, the bigger returns will go to those who are able to be a bit creative and take some healthy financial risks, experts say. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
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