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With its rolling hills, breathtaking coastline, and diverse ecosystems, San Francisco, CA, is home to many parks that offer respite, recreation, and a connection to nature. With expansive urban oases and charming neighborhood hideaways, San Francisco’s parks cater to every preference and interest. 

From the iconic Golden Gate Park and the picturesque Lands End to the lesser-known gems like Glen Canyon Park and Precita Park, this Redfin article explores ten exceptional parks in San Francisco and the unique features that make each unique. So, whether you’re looking to rent an apartment in San Francisco or purchase a home in the area, get ready to explore the stunning green spaces in San Francisco. 

1. Buena Vista Park

As the city’s oldest park, Buena Vista Park offers lush greenery, winding trails, and majestic trees that create a relaxing haven. Its elevated location provides breathtaking panoramic views of the city’s skyline, the iconic Golden Gate Bridge, and the surrounding San Francisco neighborhoods. Nature enthusiasts can explore the park’s diverse flora and fauna, including beautiful wildflowers and bird species. Additionally, Buena Vista Park has picnic areas, benches, and open grassy spaces, perfect for enjoying a leisurely day outdoors or gathering with friends and family.

2. Golden Gate Park

Spanning over 1,000 acres, Golden Gate Park is one of the largest urban parks in the United States. The park has a stunning array of landscapes, including meadows, gardens, lakes, and wooded areas. Visitors can explore the diverse gardens, such as the Japanese Tea Garden, the Conservatory of Flowers, and the Botanical Garden, which showcase a vibrant collection of plant species worldwide. Golden Gate Park also features numerous cultural institutions, including the de Young Museum and the California Academy of Sciences. The park’s unique landmarks, such as the Dutch Windmill and the Bison Paddock, add to its charm and uniqueness. 

3. Glen Canyon Park

Glen Canyon Park is a hidden gem spread across 70 acres. One of its main attractions is the magnificent Glen Canyon, a lush canyon with a meandering creek that flows through the park. The park offers trails that wind through wooded areas, grassy meadows, and rocky outcroppings, providing opportunities for hiking, jogging, and nature walks. For rock climbing enthusiasts, Glen Canyon Park boasts unique rock formations, including the popular climbing spot known as “The Canyon Wall.”

4. Mission Dolores Park

Spanning over 16 acres, Mission Dolores Park is a beloved and iconic public park in the vibrant Mission District. Known for its picturesque views and diverse community, Mission Dolores Park attracts crowds seeking relaxation, social gatherings, and outdoor activities. The park features sprawling green lawns, palm trees, and well-maintained gardens. 

Visitors can enjoy various amenities, including playgrounds, 6 tennis courts, a soccer field, a basketball court, and a dedicated space for off-leash dog activities. The park is also famous for its sloping hillside. It is a popular spot for sunbathing, picnicking, and taking in panoramic views of the city skyline, including the iconic San Francisco skyline and the nearby Mission Dolores Church. 

5. McLaren Park

McLaren Park is a hidden gem tucked away in the southeastern part of San Francisco. As the city’s second-largest park, McLaren Park features a diverse range of landscapes, including grassy meadows, wooded areas, and rolling hills. From the higher elevations within the park, visitors can enjoy panoramic views of the city skyline, the San Francisco Bay, and even glimpses of the Pacific Ocean on clear days. Its Jerry Garcia Amphitheater hosts cultural events, concerts, and performances.

6. Lands End

Lands End is a breathtaking coastal park located at the northwestern edge of San Francisco. Stretching along the rugged cliffs and shoreline of the Pacific Ocean, this scenic park offers a captivating blend of natural beauty and historical significance. As part of the larger Golden Gate National Recreation Area, Lands End features a variety of trails that wind through cypress and eucalyptus groves, offering mesmerizing views of the ocean, rocky cliffs, and the iconic Golden Gate Bridge in the distance. The park is home to fascinating landmarks, including the ruins of the Sutro Baths, a historic saltwater swimming facility, and the dramatic Mile Rock Lighthouse perched atop a rocky outcrop. 

7. Precita Park

Situated on a sloping hillside, Precita Park spans nearly 4 acres and features a large open grassy area, perfect for picnicking, playing sports, or simply relaxing in the sun. The park’s beautiful trees and landscaped areas create a serene and inviting environment, inviting visitors to take leisurely walks or sit and enjoy the peaceful surroundings.

8. Corona Heights Park

Situated atop a prominent hill, Corona Heights Park provides a unique vantage point that allows visitors to appreciate breathtaking vistas of the San Francisco skyline, the Golden Gate Bridge, and the Bay Area. One of the park’s notable features is the Randall Museum, which offers interactive exhibits and educational programs focusing on science, nature, and art.

9. Duboce Park

Duboce Park is a cherished green space nestled in the vibrant Duboce Triangle neighborhood. Spanning approximately 4.3 acres, this neighborhood gem features well-maintained lawns, mature trees, and beautifully landscaped gardens. Its central location and picturesque surroundings make it an ideal spot for picnics, sunbathing, or simply unwinding on a sunny day.

10. Ina Coolbrith Park

Ina Coolbrith Park, perched atop Telegraph Hill, is a small park named after Ina Coolbrith, California’s first poet laureate. The park’s elevated location offers panoramic vistas of the San Francisco Bay, the Golden Gate Bridge, and the city skyline. A bronze bust of Ina Coolbrith pays homage to her literary contributions and reminds us of her impact on California’s literary scene. While relatively small, Ina Coolbrith Park offers a unique blend of natural beauty, artistic inspiration, and unique views.

Source: redfin.com

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Do you want to tour a Houston apartment without leaving your couch? Got your eyes on an apartment in Baltimore, but don’t want to deal with the traffic?

A virtual apartment tour is the perfect way to check out a property before you commit to anything. They’re great for potential tenants who live outside the area or would rather tour from the comfort of home.

The up-and-coming virtual tour is a convenient and safe time-saver for renters, leasing agents, and property managers across the country. Here’s how to get the most out of your private walkthrough.

What is a virtual apartment tour?

During a virtual apartment tour, you’ll use your smartphone, computer, or tablet to tour an apartment unit. A leasing agent, property manager, or landlord usually serves as your tour guide during a live tour.

“Virtual tours create immersive experiences that effectively communicate the apartment’s potential to renters and help them make informed decisions,” says Gabriel Esteban of Plus Render.

Virtual tours allow renters to “walk through” the space and look at the unit and overall apartment complex. Some tours allow you to speak with someone on the property and ask questions along the way.

There are three main types of virtual apartment tours:

  1.     Live video call tour: A live tour is the most hands-on option. An on-site representative will walk around the unit to show you the space and answer your questions in real time.
  2.     Recorded video tour: A recorded tour shows the apartment from the first-person point of view, but it isn’t in real time. The person recording the video has complete control over the pace of the tour and what is (and isn’t) shown.
  3.     3D virtual apartment tour: A 360° camera and specialized software create a premade 3D rendering of the apartment. Renters “navigate” through the unit by clicking around in different parts of the unit, similar to the 3D home tour many people use when they consider buying a house on Redfin.

Any virtual tour can provide a handy way to view an apartment without being there in person. However, many people find live tours the most helpful since they can ask live questions and make requests on the spot. Here’s how to prepare ahead of time:

6 things to look for during a live virtual apartment tour

A live tour gives you the power to ask questions on the spot. Researching the apartment and complex beforehand gives you a leg up during the tour.

1. Floor plan and layout

The floor plan could determine how well the space functions for your needs and how comfortable you’ll feel living inside. Do a little homework ahead of time to understand how the space is laid out before you see it virtually. If you have to focus too much on the layout during the tour, you could miss other details like worn fixtures or poor lighting. If you have any questions or concerns, write them down and look (or ask) for answers during the tour.

“Embrace an immersive perspective,” says Alex Narvaez of Superior Property Management. “Tenants should ask about the morning sun’s trajectory, whether the kitchen is spacious enough for their gourmet cooking sessions, or if the balcony can accommodate their favorite hammock. It’s vital to understand amenities, parking policies, and rent payment logistics. Unleash your lifestyle onto the apartment to ensure it suits you, not just on paper, but in practice. Truly “living” the space through a virtual lens is paramount.”

Jaime Sanford from Prime Property Group adds, “When embarking on virtual apartment tours, it’s crucial to gather vital information to make an informed decision. Start by finding out about the apartment’s layout, dimensions, and storage options to assess if it suits your needs and belongings.”

2. Spaciousness of rooms and total size of the unit

Knowing the layout, you can ask your virtual tour guide questions that help determine the furniture placement if the unit isn’t a furnished apartment. Use the tour to decide whether certain areas might feel cramped. This could help you determine if you want to pursue this unit or look into a bigger one or a different complex altogether.

“Be sure to ask for a floor plan or blueprint or at least room dimensions after you conduct your virtual tour,” says Nate Morris of Laker Real Estate. Also, ask the person giving the tour for the ceiling height, which is normally not included in standard blueprints. When you’re doing a virtual showing, the camera can tend to make spaces feel bigger than they really are. You’ll want to make sure you understand the actual square footage of the space and the measurements of things such as wall space in relation to things such as windows and doors. This allows you to better plan for furniture layouts and interior decorations.”

3. Storage options

It always helps to know how much space you’ll have for storage, especially if you have a lot of stuff. Ask your tour guide to open cabinets and closets to see whether they’re big enough for your clothes and other belongings. If you like the unit but storage is lacking, you might consider buying storage furniture ahead of time to bump up your storage space. For example, opting for a storage ottoman instead of a traditional ottoman adds precious cubic feet of storage space to your home.

4. Natural lighting and views

A camera doesn’t always display light accurately, so schedule your virtual tour during a time of day with ample natural light. Ask your virtual tour guide to stand in the middle of each room and pause in each direction to see how light fills the space. Spend more time in the main living areas and rooms with outdoor views. Ask the guide to place the camera next to the window to preview your view from each room.

5. Functionality and signs of wear and tear

If you were there in person, you’d probably open cabinets, look closely at finishes, explore appliances for wear and tear, and get a general feel for the apartment’s cleanliness.

Ask your tour guide to slow down while they show the kitchen or kitchenette to get an up-close look at cabinets, countertops, light fixtures, and appliances. Do the same for the flooring, ceiling, and walls.

Ask your tour guide to test water pressure in the kitchen and bathroom, then turn appliances on and off to verify that they function. Look closely at windows, doors, and locks to ensure they’re in good working order. Keep a watchful eye out for any signs of moisture or water damage, which can lead to harmful mold in the apartment.

6. Outside condition and curb appeal

Take your time in the entry area and lobby, noting the number of people coming and going. Note the condition of each area. Look at the staircases and elevators and see what kind of shape they’re in. How well property management maintains the interior and exterior can tell you a lot about how the complex is maintained overall.

10 questions to ask during your virtual apartment tour

1. Which changes can I make to the apartment?

Adding personal touches to a new apartment truly turns it into your space, but not all changes will be allowed. Find out which types of changes they’ll allow, and whether you’ll need to reverse your changes when you move out. For example, if you can’t paint or put up shelves, you’ll need a backup plan for decor.

2. Which amenities does my lease include?

Utilities may or may not be included in your lease. If tenants are responsible, find out about typical monthly utility costs to help determine how much you’ll need to budget. If the landlord does pay for the utilities, are cable or internet included? Apartment amenities might also include fitness centers, pools, on-location laundry, and community rooms.

3. Where will I park?

Find out how on-site parking is handled, whether in an open lot, a covered parking spot, or a garage. Ask about any costs involved and how spaces are situated, including potential inconveniences like tandem parking. A unit with assigned spots is highly regarded since it means you’ll never have a problem finding a place to park.

4. What’s the guest policy?

Knowing the building’s guest policy can save you a lot of trouble, especially if you plan to host parties or have groups of people over for dinner. Ask about any limits to the number of guests, including how long they can stay. That way, you’ll stay in your property manager’s good graces.

5. What’s the pet policy?

If you want to bring a pet into your apartment, find out if the building allows them. Ask about any size and breed restrictions. Some facilities charge tenants a pet deposit and an additional monthly fee and may even require your pet’s vaccination records. A landlord has the power to turn down specific breeds if their insurance policy prohibits them.

6. Are there any plans to update the building?

Construction is messy, noisy, and generally inconvenient. If there are plans to renovate, you’ll want to know how long the project will take ahead of time. Completed renovations will reward you with an up-to-date living environment or new amenities if you can live with the inconvenience during construction.

7. How do I pay my rent?

You want to be able to pay your rent quickly and easily. Ask if the property manager accepts bank transfers or provides an online payment portal. Some landlords and property managers still require a physical check.

If you plan to start your lease in the middle of a pay period, ask if they prorate the rent. If so, you’ll only pay for the portion of the month you’re living in the unit.

8. How are emergency repairs handled?

Ask your tour guide if there’s an emergency repair number to call and how quickly you can expect a response. Ask for information about how to submit apartment maintenance requests for non-emergency repairs.

9. Which security features does the complex have?

Feeling safe and secure is an important part of any rental home. Ask whether there’s a door or gate buzzer for access and if a security guard monitors the area. Is there a fire escape on your floor? What’s the nearest exit in case of an emergency?

10. Which shops and services are nearby?

Learn what’s in the neighborhood. Ask your guide about any notable shops, services, and restaurants within short walking or driving distance. It never hurts to come prepared with some research of your own too. Get a head start by skimming any online resources geared toward that area, like this Atlanta city guide, for example.

4 tips for 3D apartment tours

1. Know how a 3D tour works

A 3D virtual tour offers 24/7 access to images of the apartment unit, with interactive views from every angle inside the apartment. A 3D tour allows potential tenants to change views while viewing each room. They can then decide whether or not to schedule an in-person walkthrough.

2. Understand how to navigate inside a 3D tour

A 3D virtual tour will feature one or more of these views:

  1.     Inside view: This view lets you virtually walk through any room in the unit and zoom in wherever you want. It helps you get an idea of what you’ll see walking through the actual apartment.
  2.     Dollhouse view: This is an outside perspective like you’re looking at a doll house. You’ll see the whole room and rotate around to view it from different angles.
  3.     Floor plan view: This shows you the room layout, just like an architectural drawing or blueprint. It’s usually a bird’s eye view looking down.
  4.     Measurement view: This displays measurements for wall lengths and ceiling heights for each room and the unit overall. It provides the specific size and layout for the kitchen, bathroom, living area, bedroom, and all other rooms in the unit.

3. Verify that all the appliances work

Another key component to verify during a virtual tour is whether all the appliances are in working order. This can be difficult to verify virtually if you don’t specifically ask. “Ask for a video of all the working appliances in the property to ensure that everything is fully functional,” says Lena Stevens of Dwellsy. “This should include faucets, lights, fans, garbage disposals, and more. The same applies to water pressure – ask for a video showing the shower running so you know that you’re going to get the shower you want.”

4. Know when a 3D tour is most useful

A 3D virtual tour is best served before you schedule a live virtual tour or in-person walkthrough. After you explore the apartment on your own time, you can decide if you want to take the time to get a more in-depth look.

Why should you tour an apartment virtually? 

A virtual apartment tour can help you pre-qualify an apartment before visiting in person. They’re a convenient, time-saving way to eliminate the properties you don’t like before you invest more time into your search. If a virtual tour checks all your boxes, you can check it out in person, address any concerns, and fill out an application.

Virtual tour tips if you’re renting out an apartment

Virtual tours are great for renters, but they can be a great tool for landlords. Here are a couple of things to consider if you’re a landlord planning on offering virtual tours.

Virtual tours can benefit landlords as well as tenants

“While most tenants would still prefer to see the rental unit in person before signing a lease, incorporating a virtual apartment tour offers some benefits to both landlords and tenants,” says  Meng Chen, founder of PortfolioBay. “For landlords, sharing a pre-recorded tour video with multiple prospects can reduce the number of physical showings required.”

Keep security in mind

“Virtual apartment tours provide a convenient and flexible method for potential tenants to explore properties at their own pace, it also opens the door for on-demand touring while potential tenants drive past your property,”  says Roel van de Ven of Keyrenter Property Management Miami West. “To safeguard against scams, it is crucial to prioritize safety. Always request identification before sharing the lockbox code, and regularly change the code to prevent unauthorized access. Moreover, in today’s digitally driven society, renters often prefer receiving information about rent payments, parking policies, and amenities digitally, allowing them to review the details at their convenience.”

Source: redfin.com

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Art Deco, a design movement that emerged in the early 20th century, has left an indelible mark on architecture, interior design, and the decorative arts. Among its most notable contributions are the iconic Art Deco homes, characterized by their distinctive geometric shapes, sleek lines, and luxurious details. 

In this Redfin article, we will delve into the fascinating world of Art Deco houses, exploring their history, unique features, and providing inspiring examples. Whether you’re an architecture enthusiast searching for vintage homes in Los Angeles, or a homeowner seeking design inspiration in New York, join us as we delve into the world of these architectural masterpieces.

Historical context

Let’s begin by diving into the historical context of Art Deco homes. The Art Deco movement emerged in the 1920s and 1930s, a period characterized by rapid technological advancements and a desire for modernity. As a response to the ornate and elaborate styles of the preceding Art Nouveau and Victorian eras, Art Deco embraced streamlined simplicity and geometric forms. This aesthetic shift was mirrored in architecture, leading to the rise of Art Deco homes as symbols of modern living.

“To honor the true character of the Art Deco style in your home, it is important to understand its background and significance,” notes real estate writer Real Copy Right. “While maintaining modern necessities can be challenging, it is worth the effort to uncover the captivating charm of Art Deco.”

Distinctive features of Art Deco homes

Art Deco houses possess a range of distinctive features that set them apart from other architectural styles. Let’s explore some key elements. 

1. Geometric shapes

Art Deco embraces bold, symmetrical geometric forms, often incorporating zigzags, chevrons, and sunburst motifs. These shapes are prominently featured in windows, doorways, and decorative elements, lending a sense of dynamism and visual interest to the exteriors.

“To create an authentic Art Deco ambiance in your home, pay attention to the power of accessories,” mentions DIY Home Comfort. “Art Deco-inspired accessories play a vital role in capturing the era’s opulence and drama. Seek out vintage or reproduction pieces with bold geometric patterns, metallic accents, and luxurious materials. Incorporate mirrored and metallic accents to infuse a touch of glamour. Thoughtfully place these accessories to set the desired ambiance, enabling you to adapt the mood for various occasions. With careful selection and arrangement of Art Deco-inspired accessories, you can effortlessly evoke the timeless elegance and sophistication of the Art Deco style.”

2. Smooth facades

Art Deco homes showcase smooth, flat facades devoid of excessive ornamentation. Walls are typically rendered in stucco or plaster, resulting in a clean and streamlined appearance that exudes elegance and sophistication.

3. Porthole windows

Circular or semicircular windows resembling ship portholes are a common Art Deco feature. These windows not only add a touch of whimsy, but also allow ample natural light to flood the interiors, creating bright and airy living spaces.

“Lighting plays a crucial role, with elaborate chandeliers and sleek table lamps boasting intricate metalwork and geometric patterns,” shares TAPIS Studio. “These fixtures not only serve a functional purpose, but also add warmth and charm to the space, enhancing the overall aesthetic of the Art Deco style.”

4. Dramatic entrances

Art Deco entrances are grand and often feature elaborate door surrounds, flanked by decorative motifs such as stylized flora or abstract designs. These entrances serve as focal points, welcoming guests with a sense of grandeur and style.

5. Luxurious materials

Art Deco embraces opulence and frequently employs luxurious materials such as marble, chrome, glass, and exotic woods. These materials add a touch of glamour and refinement to Art Deco homes, creating a sumptuous living environment.

“Art Deco homes offer a captivating canvas for homeowners to express their creativity and embrace the opulence of the past,” expresses Harbor Art Supplies. “Embrace the luxurious materials that define this iconic style. Incorporate vibrant color palettes reminiscent of the Jazz Age, and adorn your space with carefully selected art pieces and decorative accents that pay homage to the era. Let your home become a living work of art, where every detail tells a story of timeless elegance and artistic flair.”

Examples of Art Deco homes from around the world

Now, let’s delve into some inspiring examples of Art Deco homes around the world.

1. The Chrysler Building in New York City

This iconic skyscraper, completed in 1930, stands as a testament to Art Deco architecture. Its gleaming stainless-steel spire, intricate detailing, and geometric patterns make it a true masterpiece, capturing the essence of the Art Deco era.

2. Eltham Palace in London

A striking blend of Art Deco and medieval architecture, Eltham Palace showcases sleek lines, bold colors, and luxurious interiors. It perfectly embodies the elegance and glamour of the Art Deco era while providing a fascinating juxtaposition of styles.

3. The entire city of Napier in New Zealand

Following a devastating earthquake in 1931, the city of Napier was entirely rebuilt in the Art Deco style. Today, Napier is hailed as the Art Deco capital of the world, boasting streets lined with beautifully restored Art Deco buildings. A visit to this vibrant city is like stepping back in time.

4. The Atlantis House in Miami Beach

Located in the heart of the famous Art Deco Historic District, the Atlantis House is a lavish residence that exemplifies Art Deco elements. From its porthole windows to its sleek curves, this house radiates the allure and charm of Art Deco architecture.

Tips for buying and restoring an Art Deco house

If you’ve fallen in love with the allure of Art Deco homes and are considering purchasing or restoring one, here are some essential considerations.

1. Research and location

Begin by researching Art Deco properties in your desired location. Look for neighborhoods or cities known for their Art Deco architecture, such as Miami Beach, New York City, Los Angeles, and Chicago, as these areas may have a higher concentration of potential houses to choose from. Consider factors such as proximity to amenities, transportation, and the overall neighborhood ambiance.

2. Engage professionals

When purchasing or restoring an Art Deco house, it’s crucial to engage professionals who specialize in Art Deco architecture and restoration. Hire a reputable real estate agent who understands your passion for Art Deco and can guide you in finding the right property. Additionally, consult with architects, designers, and contractors experienced in Art Deco restoration to ensure that the authenticity and integrity of the house are maintained throughout the process.

“To preserve the integrity of your home’s interior features, such as the Art Deco wood paneling, it is essential to work with a technician who specializes in antique homes and understands their unique requirements,” claims Design Baddie. ‘Their expertise will ensure that the wiring is replaced without causing any damage or disruption to the cherished elements of your Art Deco home.”

3. Preservation and authenticity

Preserving the original features and character of an Art Deco house is essential for maintaining its historical and architectural value. Pay attention to elements such as door frames, windows, flooring, light fixtures, and decorative details. Whenever possible, restore or repair original features rather than replacing them. This will ensure that the house retains its authentic Art Deco charm.

“Art Deco homes require careful maintenance to preserve their original features and historic value. Prioritize the preservation of ornate elements and be prepared for refurbishment as needed,” points out Historic Phoenix Homes. “Regular maintenance of intricate details, such as ornate floorings and tiles, is crucial for their longevity and visual appeal. Ensure proper sealing for decorative glass, windows, and mirrors. Consider the delicate nature of these pieces, especially in households with active children or pets. Additionally, conduct thorough inspections of flat roofs, which are common in Art Deco homes, to address any cracking or potential leaks and ensure their structural integrity.”

4. Modernization and practicality

While maintaining the integrity of an Art Deco house is important, it is also crucial to consider modern comforts and practicality. Upgrading the plumbing, electrical systems, and insulation will enhance the functionality of the house without compromising its architectural integrity. Aim for a balance between preserving the past and incorporating contemporary conveniences.

5. Design and décor

“To achieve an Art Deco-inspired decor, incorporate a bold and glamorous color palette, such as deep blues, emeralds, vibrant reds, and touches of gold or dark brown,” states Reflections Copenhagen | Mirror & Crystal Décor. “Embrace symmetrical designs, zigzags, and curved lines through wallpapers, rugs, or fabrics. Choose sleek furniture and accessories with smooth curves, using luxurious materials like lacquered wood, mirrored surfaces, chrome, and crystal. Make statement pieces the focal point of the room and complete the look with Art Deco-inspired accessories like glassware and cocktail trays featuring stylish geometric shapes and colors. Remember, Art Deco decor combines elegance, luxury, and boldness in a harmonious balance throughout your space.”

6. Preservation codes and regulations

Ensure that you are aware of any preservation codes or regulations that apply to Art Deco houses in your area. These regulations may dictate specific guidelines for restoration, including materials, colors, and architectural elements. Familiarize yourself with these guidelines to ensure compliance and avoid any potential conflicts during the restoration process.

7. Community engagement

Join local preservation societies or historical organizations dedicated to the conservation of Art Deco architecture. These groups can provide valuable resources, guidance, and a network of like-minded individuals passionate about preserving and restoring Art Deco homes. Participating in community events and tours can also deepen your appreciation for the Art Deco style and allow you to connect with fellow enthusiasts.

Source: redfin.com

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In another milestone move to expand its reach, UCLA announced Thursday that it has purchased a landmark building in downtown Los Angeles for satellite classes, aiming to widen access at the nation’s most popular university and help revitalize the city’s historic core.

UCLA purchased the 11-story, Art Deco-style Trust Building on Spring Street and expects to begin classes in it later this year — initially through its large Extension program. But Chancellor Gene Block said in an interview that the university has “not precluded” eventually developing the site, renamed UCLA Downtown, to accommodate more undergraduate and graduate students with possible housing nearby.

The purchase comes nine months after UCLA bought two large properties owned by Marymount California University, a small Catholic institution in Rancho Palos Verdes that closed its doors last year. The $80-million purchase of Marymount’s 24.5-acre campus and an 11-acre residential site in nearby San Pedro marked the university’s most significant expansion to help meet the burgeoning demand for seats.

UCLA, the most-applied-to university in the nation, drew nearly 150,000 first-year applications for about 6,500 spots in fall 2022 and nearly that many for fall 2023 — sparking angst among growing legions of rejected Californians and pressure from state legislators to reduce the number of out-of-state students.

UCLA purchased the landmark Trust Building on Spring Street and plans to begin Extension classes in it later this year.

(Irfan Khan / Los Angeles Times)

But the university’s 419-acre Westwood footprint is the smallest among UC’s nine undergraduate campuses, leaving it no room to grow and prompting efforts to look for ways to meet its goal to add about 3,000 more undergraduates and 350 more graduate students by 2030.

Block said the 334,000-square-foot Trust Building, which will be renovated with classrooms, office space and more, can help accommodate additional students, anchor research projects, potentially host startup companies and serve the neighborhood.

“We believe deeply in Los Angeles and its future,” Block said. “We couldn’t be prouder to expand UCLA’s presence in the beating heart of downtown, which has been a vision of ours for a full decade. The sky’s the limit on what we can do.”

Block declined to disclose the sales price, but UCLA appears to have scored a significant deal. Real estate experts with knowledge of the transaction, who were not authorized to speak publicly, placed it at less than $40 million, a sharp discount from the building’s assessed value of nearly $88 million.

The historic Trust Building on Spring Street features an ornate ceiling.

(Irfan Khan / Los Angeles Times)

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The sellers, Rising Realty Partners and its financial partner Lionstone Investments, bought the building in 2016 for $80.4 million, according to real estate data provider CoStar. Rising Realty, which is headquartered in the building, performed an estimated $40-million makeover that brought it up to modern earthquake safety standards and restored original features such as gilded ceiling decorations that were painted over in late 20th century renovations.

“Downtown L.A.’s challenging commercial real estate market gave UCLA a great value for their investment,” said Hal Bastian, a real estate broker and longtime downtown advocate who lives near the Trust Building. “After lots of bad press for downtown L.A., this is proof that people still have confidence in our long-term success.”

Mayor Karen Bass hailed UCLA’s move. “It’s exciting to see institutions like UCLA expanding their presence in downtown Los Angeles and committing to its future as a vibrant urban hub that draws people from all over our City and around the world,” she said in a statement.

Once known as the “Queen of Spring Street,” the building was designed by legendary architects John and Donald Parkinson — who also created City Hall, Union Station and the Los Angeles Memorial Coliseum — and is now designated a city Historic-Cultural Monument.

It was built in 1928 at the behest of Title Insurance and Trust Co., one of the city’s biggest financial institutions in an era when Spring Street was hailed as the Wall Street of the West. The firm used the building as its headquarters until 1977, when the city’s top white-collar firms were moving to newer office towers in downtown’s financial district and elsewhere as the historic core, the city’s original downtown, was going to seed.

The exterior facade of the historic Trust Building on Spring Street.

(Irfan Khan / Los Angeles Times)

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City boosters hope UCLA’s purchase of the 11-story, 334,000-square-foot Trust Building will spark downtown renewal.

(Irfan Khan / Los Angeles Times)

In recent years the imposing structure, designed to signal prestige and power with its finishes of marble, brass and black walnut, has been used primarily as a filming location for period pieces and fantasies such as “Batman.”

The Trust is nearly devoid of tenants amid a contracting downtown office leasing market. As in other parts of downtown L.A., the nearby streets have a significant homeless population that increased during the pandemic. In the evening hours, however, there are often crowds of people patronizing bars and restaurants as well as residents walking their dogs.

Real estate experts expressed hope that UCLA’s purchase will accelerate downtown renewal.

“After several years of nothing but negative news surrounding downtown Los Angeles, the UCLA acquisition of the Trust appears to be one of the first green shoots towards recovery,” said real estate broker Mike Condon Jr. of Cushman & Wakefield, who represented the seller in the transaction. ”Such a large and prominent institution like UCLA making a big bet in the market is a much-needed boost to the historic core.”

José Andrés, a celebrated chef known for both his culinary and his humanitarian work, has agreed to open a rooftop restaurant at the Trust Building. Last year Andrés and his hospitality group opened two restaurants, two cocktail bars and a poolside lounge in downtown’s Conrad hotel, with steakhouse Bazaar Meat projected to open in the second half of 2023 within the $1-billion Grand complex on Bunker Hill.

Andrés’ restaurant group will continue as tenants in the building, along with Rising Realty and KTGY Architecture + Planning.

The Trust is nearly devoid of tenants amid a contracting downtown office leasing market.

(Irfan Khan / Los Angeles Times)

The nearly century-old Trust Building features an Art Deco tower.

(Irfan Khan / Los Angeles Times)

Block said UCLA has wanted to expand in downtown L.A., where it already operates health clinics, some Extension courses and a labor center in nearby MacArthur Park, for the last decade. The Trust acquisition will pay off even more in 2027, when the Purple Line is set for completion and will connect nearby Pershing Square to the Westwood main campus.

The chancellor said he first saw the building this year and was “dazzled” by its grand architecture and elegant space.

Arizona State University also saw ripe educational opportunities in the area, opening a downtown Los Angeles center in 2021 in the renovated Herald Examiner building on 11th and Broadway. The expanded presence of both universities, along with USC, is higher education’s “very important statement on the confidence in the future of cities,” Block said, adding that he hoped “hundreds” of people would eventually occupy UCLA Downtown.

Other UC campuses also are expanding operations in their city cores. UC Davis is building Aggie Square, an “innovation hub” on its Sacramento campus that will include science and technology buildings and student housing. The campus estimates a few hundred undergraduates can spend a quarter there.

Last year, UC San Diego opened a four-story, 66,750-square-foot structure downtown just steps from the Blue Line Trolley at the corner of Park Boulevard and Market Street. The building is designed as a cultural, educational and business hub to showcase creative ventures, boost economic activity and deepen ties across the border, university officials say.

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“We’re all coming to the same conclusion that we have cities that need to be protected and helped to thrive,” Block said. “So I think we’re all seeing the need to be downtown.”

Source: latimes.com

Apache is functioning normally

If you’ve been even remotely interested in taking out a home loan, you’ve undoubtedly heard of LendingTree, which bills itself as the leading online loan marketplace.

Ultimately, they are a lead generator and mortgage broker that is licensed in all 50 states that matches up borrowers with lenders, similar to a company called Credible.

Aside from home loans, they also help customers compare credit cards, auto loans, debt consolidation services, personal loans, student loans, insurance providers, and more.

Let’s learn more about the company and why you might want to enlist them in your home loan search.

Table of Contents

– How LendingTree Got Started
– What Does LendingTree Do?
– How LendingTree Works
– How Are LendingTree’s Mortgage Rates?
– Should I Use LendingTree to Get a Mortgage?
– LendingTree vs Rocket Mortgage

How LendingTree Got Started

  • Company began in 1996 after founder had trouble getting a mortgage
  • Goal was to make it easier for consumers to compare loan rates/options without having to call individual lenders
  • LendingTree model ensures customers actually comparison shop via multiple rate quotes
  • Research shows more quotes equal more savings

First things first, a little history on the company, which was founded back in 1996 by Doug Lebda and headquartered in Charlotte, North Carolina.

Like many other prospective home buyers, Lebda grew frustrated with what turned out to be a time-consuming and arduous process while searching for financing on his first condo, valued at just $55,000.

He wanted to ensure he took out the best mortgage, but that wasn’t possible without physically visiting several banks and then comparing offers from those financial institutions.

Clearly there “had to be a better way,” and thus he set out to create his own website for customers “where banks would compete for their business.”

He teamed up with Tara Garrity and Jamey Bennet to found Lewsburg Ventures Inc., which was later renamed CreditSource USA, and finally LendingTree.

Instead of going to lenders hat in hand, they’d call you and beg for your business. That was the basic premise.

And in doing so, you’d actually receive multiple mortgage quotes and comparison shop, something most Americans don’t actually accomplish during their mortgage search.

LendingTree became a publicly traded company in 2000, but that was quickly followed by the dot-com bust just a year later.

It was then sold to IAC/InterActiveCorp in 2003, and Lebda served as president and COO from 2005 through 2008.

The company was then spun off from IAC as its own public company, rebranded as Tree.com, and then eventually restored its original name LendingTree.

What Does LendingTree Do?

  • They connect lenders with consumers looking for home loan financing, credit cards, insurance, etc.
  • This makes it easier to shop around and get a good deal without all the legwork
  • At one time LendingTree made their own home loans but have since returned to core matchmaker business
  • LendingTree doesn’t actually make the loans, nor are they a mortgage lender

There’s probably some confusion regarding what LendingTree actually does since they sound a lot like a mortgage lender, but are in fact just a lead generator and mortgage broker.

In other words, they don’t originate or underwrite your mortgage. Instead, they put you in touch with mortgage lenders in their network and earn a commission along the way.

This might explain why some of the LendingTree reviews you may have read are pretty mixed. People get upset if they don’t understand what they’re actually getting.

There was a time when they originated their own mortgages via subsidiary LendingTree Loans, which began in 2004 after they acquired HomeLoanCenter.com.

They later snapped up Louisville, KY-based Surepoint Lending in 2010, a year after it had been named the number one refinance lender on the LendingTree network in 2009.

But in 2012, the company decided to focus on its core business of lead generation for mortgage lenders, selling their origination unit to Discover in the process.

That led to the creation of Discover Home Loans in 2012, which only lasted about three years when they ceased lending in mid-2015.

How LendingTree Works

  • You fill out a form on their website with personal and property information
  • They pull your credit and send your completed lead to lenders in their partner network
  • You get contacted by lenders with loan rates and options
  • Compare, haggle, and apply for your loan with the lender of your choice

As noted, Lending Tree helps you comparison shop for things like mortgages, auto loans, student loans, credit cards, debt consolidation, and more.

They facilitate the process by asking you to provide basic information to their mortgage lender partners upfront, as opposed to you reaching out to individual lenders and providing the same information over and over again.

This entails filling out a lead form that asks a series of questions, including:

– Type of mortgage (purchase, refinance, home equity, reverse mortgage)
– Contact information (birthdate, name, address, email address, social)
– Property value and loan amount (estimated home equity)
– If you have a second mortgage
– If you want cash out (if a refinance)
– Estimated credit score
– If you served in the military
– If you’ve had a BK or foreclosure in past 7 years

Once they have all the necessary information and your consent to sell your lead to their partners, they’ll pull your credit.

This is a soft pull that won’t count against you or hurt your credit score, nor will it be visible to anyone but yourself.

Within minutes, multiple lenders will begin contacting you with their personalized loan offers and LendingTree will send you email notifications regarding these loan options.

LendingTree’s new tagline is “may the best loan win,” and that’s exactly how the process is supposed to work once you start receiving loan offers.

The idea is that you’ll receive multiple quotes and then determine which is best for you based on the mortgage rates, loan costs, APR, etc.

You’ll have the chance to speak with these lenders on the phone if you’re looking to haggle, or you can simply apply after comparing loan options and loan rates side-by-side online.

One important thing to note is that the form you fill out with LendingTree isn’t a loan application.

It’s simply a lead form that provides enough preliminary information to get you matched up with one of their third party lender partners.

Once you agree to terms with one of the lenders in their network, you’ll need to fill out a standard mortgage application.

At that time, your credit score will likely be pulled (a hard pull affecting your credit), and you may need to pay a deposit for things like a rate lock or home appraisal.

How Are LendingTree’s Mortgage Rates?

Remember, LendingTree is not a mortgage lender, so the mortgage rate quotes you receive from their site will be from other lenders that make up their marketplace.

As such, it’s impossible to say the mortgage rates will be universally good, bad, or average.

It really depends on your unique loan scenario, coupled with the mortgage lenders interested in your specific loan characteristics.

Ultimately, the goal of LendingTree’s service is to provide a breadth of different interest rates and loan costs and let you decide which is the best offer.

This range in rates will vary depending on the loan in question, driven by the loan amount, type of loan, transaction type, lender demand, your location, and so on.

The good news is you’ll receive several mortgage quotes from multiple lenders to give you a better idea of what’s out there.

Compare that to receiving just one quote from your neighborhood bank or existing mortgage lender and you should realize the value of their marketplace.

Should I Use LendingTree to Get a Mortgage?

Back in the day, I didn’t like the idea of multiple lenders badgering you to get a mortgage.

It seemed bad enough having one lender bother you. But then I realized most people wouldn’t actually comparison shop if they weren’t forced to.

In fact, a survey by Harris Interactive and LendingTree claimed only 40% of borrowers obtained more than a single mortgage quote.

Put another way, 60% of mortgage borrowers just went with the first offer they received, despite the fact that there were probably several better offers out there.

Often, borrowers just use whomever real estate agents recommend, without knowing if it’s a good deal or not.

Unfortunately, a mortgage stays with you for a long time, so if you overpay, it hits your wallet month after month, potentially for years.

That makes it a lot worse than overpaying for a single item, which you may have researched more than your mortgage.

Additionally, there is data from Freddie Mac that says gathering just two quotes can result in savings of around $1,000 to $2,000. That’s a pretty good return on investment.

And the savings get even better as you request a third, fourth, or fifth quote.

It’s unclear how many lenders will contact you if you submit a lead form to LendingTree, but they say you’ll receive up to five loan offers.

Again, while perhaps annoying, the data says it’ll save you a considerable amount of money.

You could actually go a step further and use LendingTree alongside other options like local banks and credit unions, mortgage brokers, etc. to really get a comprehensive view of what’s out there.

There’s no need to exclusively use LendingTree to get your mortgage. Consider it one of many options you can use concurrently.

To make life a little easier, today it’s pretty simple to block unknown calls and filter emails, so even if you get bombarded with offers at first, it should be manageable to stop the noise.

Lastly, if you let lenders know you used LendingTree, they’ll realize you have other, real offers to consider, and that might force them to negotiate and/or offer you an even better price.

LendingTree vs Rocket Mortgage

Because LendingTree is such a big name, it often gets compared to the likes of major mortgage lenders like Rocket Mortgage.

But in reality, the two companies are very different, in that Tree is a lead gen provider and Rocket is a mortgage lender.

One matches customers with mortgage lenders, while the other actually originates loans.

So really the pair complement each another, as opposed to be being competitors. In fact, they’re actually business partners.

Where they intersect might be more interesting – it’s very possible you could use LendingTree to get a mortgage quote and receive a call from Rocket Mortgage.

In short, Rocket is the #1 mortgage lender in the country, so there’s a very good chance they’ll be one of the lenders that gets in touch if you use LendingTree.

Read more: Rocket Mortgage review

Source: thetruthaboutmortgage.com

Apache is functioning normally

With sparkling blue waters, lush lakefront parks, towering skyscrapers, famous theme parks, and endless sunny days, Orlando is a fabulous place to live in Florida. Whether you’re moving to or have lived in the area for some time, you may be wondering if now is the time to buy versus rent a home in Orlando. In addition to Orlando’s real estate market conditions, there are always pros and cons to renting and buying, making your decision a little more difficult.

If you’re considering buying a home in Orlando, you’ll see the current median sale price for a home is $370,000, as of June. According to Redfin’s recent study, the estimated median monthly mortgage cost is $2,966 while the average rent price in Orlando is $2,566. For many potential homebuyers, this means renting a home costs less than buying a home in today’s market. However, it’s important to keep in mind there are still plenty of reasons why buying a home right now may be the right choice for you. 

Ultimately, the decision between buying a house or renting an apartment in Orlando is personal and depends on several factors. Whether that’s your desire for flexibility or stability, your financial goals, or which one of the Orlando neighborhoods you want to live in, there is plenty to consider. We’ll help guide you along the way as you make the decision between renting vs buying in Orlando. That way, you can make the best decision for your goals.

Advantages of buying a home in Orlando

Buying a property in Orlando can offer several compelling advantages over renting. Let’s dive into some of the main advantages of buying in the current market.

Building equity

Firstly, homeownership provides long-term stability and the opportunity to build equity. Instead of paying rent that provides no return on investment, homeowners can invest in their own property and potentially benefit from appreciation in the real estate market. 

Tax benefits

As a homeowner, there are a few potential tax benefits you may be eligible to receive. For example, mortgage interest and property tax payments may be tax-deductible, providing potential financial benefits. Speaking with a financial advisor or tax consultant can help you identify any possible tax benefits you may qualify for.

Freedom to design space

Owning a home also offers the freedom to personalize and modify the property to suit individual preferences without seeking permission from a landlord. 

Market conditions

Finally, as Orlando continues to experience growth and development, homeowners can potentially capitalize on the area’s thriving real estate market. By purchasing a property in Orlando, individuals can secure a long-term asset while enjoying the benefits and pride that come with homeownership.

Disadvantages of buying a home in Orlando

High demand and competitive market

Orlando’s real estate market has experienced significant growth and demand in recent years, which can lead to increased competition among buyers. This high demand may result in bidding wars and inflated prices, making it more challenging to find affordable housing options. Additionally, limited inventory and a seller’s market can make it more difficult to find a property that meets your specific needs and budget. 

Property insurance costs

Florida, including Orlando, is at risk of natural disasters like hurricanes. As a result, the state often experiences higher property insurance costs compared to other regions. Homeowners in Orlando may need to pay higher insurance premiums to adequately protect their property against potential storm damage or other weather-related risks. These increased insurance expenses can add to the overall cost of homeownership in the area.

Determining if you are ready to buy a house in Orlando

Deciding if buying a home in Orlando aligns with your goals can be a complicated question to answer. You’ll have to consider many factors such as your desired location, finances and budget, as well as the housing market conditions. Here are some of the main factors to consider:

1. Financial stability and affordability: Before beginning your homebuying journey, evaluate your financial situation and affordability. Consider factors such as mortgage interest rates, your credit score, and your ability to make a down payment. Lower interest rates can make homeownership more affordable, while higher rates could impact your purchasing power.

2. Long-term plans: Consider your long-term plans and how they align with buying a home in the greater Orlando area. If you plan to live in the area for a significant period, buying a home can be a good investment. However, if you’re uncertain about your future plans or have short-term goals, renting might be more suitable.

3. Housing market conditions: Consider the current state of the housing market in terms of supply and demand. If there is low inventory and high demand, it may indicate a seller’s market, which could lead to increased competition and potentially higher prices. On the other hand, if there is a higher inventory and less demand, it may be more favorable for buyers.

4. Housing preferences: Evaluate the type of property you’re looking for, such as single-family homes, condos, or townhouses, and assess their availability and affordability in the area. Consider factors like neighborhood amenities, school districts, and proximity to your workplace or desired locations.

5. Location: Orlando is a diverse metropolitan area with various neighborhoods and suburbs. Consider your preferred proximity to amenities, schools, workplaces, and entertainment options. Research the different neighborhoods to find the one that aligns with your lifestyle and preferences.

6. Employment opportunities: If you’re moving from out of the area, another factor to consider is employment. Orlando is known for its tourism industry, but it also has a diverse economy with opportunities in healthcare, technology, education, and more. Research the local job market to ensure there are opportunities in your field or industries of interest. 

7. Climate: Orlando experiences a subtropical climate with hot and humid summers and mild winters. Take into account your preferences for weather and seasonal changes when deciding to move to the area.

Is it competitive to buy a home in Orlando?

If you’re considering buying a home now, you can expect to encounter some competition in the real estate market. Here are a few factors that can contribute to the competition among buyers: 

Low housing inventory: One common factor driving competition is a shortage of available homes for sale in many areas. If there are fewer homes on the market, it means more buyers are vying for the same properties, which can increase competition. 

High demand: Strong demand from buyers, coupled with low interest rates, can create a competitive environment. Factors such as population growth, job opportunities, and popular neighborhoods can drive up demand for housing, leading to increased competition among buyers. 

Multiple offers: In a competitive market, it’s not uncommon for sellers to receive multiple offers on a property. This can lead to bidding wars, where buyers try to outbid each other to secure the home. In such situations, you may need to act quickly and offer competitive terms to increase your chances of success. 

Cash offers and pre-approved financing: Buyers who can make cash offers or have pre-approved financing may have an advantage over others. Cash offers are attractive to sellers as they eliminate the risk of financing falling through, while pre-approved buyers have already taken steps to secure financing, making their offers more reliable. 

Location and desirable features: Homes in highly sought-after locations or with desirable features like good school districts, proximity to amenities, or unique characteristics may attract significant competition. Buyers looking for properties with these qualities may face additional competition from others seeking similar homes. 

Real estate market conditions: Market conditions can vary regionally, and some areas may be more competitive than others. It’s important to research and understand the local market dynamics, as they can greatly impact the level of competition you may encounter. 

To navigate a competitive market, it’s essential to work with a knowledgeable real estate agent who can guide you through the process, help you make competitive offers, and identify suitable opportunities. Being prepared, flexible, and financially ready can also increase your chances of success in a competitive buying environment.

Advantages of renting a home in Orlando

If you’re contemplating renting a home or apartment in the Orlando area, there are a few advantages to consider: 

Flexibility

Renting provides greater flexibility and mobility compared to buying a house. If you’re unsure about your long-term plans or expect to move frequently, renting allows you to easily relocate without the burden of selling a property or dealing with the real estate market. This flexibility is particularly advantageous for individuals who prioritize mobility due to job changes, lifestyle preferences, or other personal circumstances. 

Lower upfront and ongoing costs

Renting typically involves lower upfront costs compared to buying a house. When you rent, you generally only need to provide a security deposit and possibly pay for any application or administrative fees. On the other hand, buying a house involves significant upfront expenses such as a downpayment, closing costs, home inspections, and potential repairs. Additionally, as a renter, you’re generally not responsible for major maintenance and repair costs, which can save you money and the hassle of dealing with unexpected expenses.

Disadvantages of renting a home in Orlando

Lack of long-term financial benefits

When you rent a house, you don’t build equity or gain potential long-term financial benefits like homeownership. Rent payments don’t contribute towards ownership or potential property appreciation. Instead, your money goes towards the landlord’s investment, providing no return on investment for yourself.

Limited control and restrictions

Renting a house often means you have less control over the property. You may face restrictions on making modifications or personalizing the space to suit your preferences. Additionally, your lease terms may subject you to rules and regulations set by the landlord or property management company. This lack of control can limit your ability to truly make the rental property feel like your own home.

Renting vs buying in Orlando: A real estate agent’s final thoughts

Historically, the greater Orlando area has been a popular destination for homebuyers due to its warm climate, attractions, employment opportunities, and overall quality of life. As you make the decision between renting vs buying in Orlando, make sure to consider the market conditions, your financial situation, long-term plans, and housing preferences.

Remember, real estate markets can be dynamic and subject to change. It’s crucial to conduct thorough research, consult with local experts, and assess your personal circumstances before making any decisions. At the end of the day, whether you decide to rent an apartment or buy a home, the Orlando area is a fantastic place to call home.

Source: redfin.com

Apache is functioning normally

The Palos Verdes Peninsula — a land of rolling hills, jagged cliffs and sweeping views of the city and ocean — boasts some of the most beautiful terrain in Southern California.

It’s also long proven to be some of the most dangerous.

For hundreds of thousands of years, the peninsula has been plagued by an ancient landslide complex that slowly reshapes the topography. The earth lurches and warps, sometimes slowly, sometimes rapidly, destroying homes and infrastructure along the way.

The latest damage was dealt to Rolling Hills Estates, where a major ground shift led to 12 homes being evacuated after a fissure snaked its way through the neighborhood. Foundations cracked, walls collapsed and some homes were visibly leaning as the hillside upon which they were perched slowly descended into a canyon.

Land movement is a stubborn, if periodic reality for much of California, particularly the coastal hills of the South Bay and Orange County.

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Laguna Beach, Laguna Niguel and San Clemente have dealt with destructive slides. In the 1920s, a handful of homes in San Pedro slid into the ocean, creating what’s now known as the Sunken City. A mile south of Rolling Hills Estates, the city of Rancho Palos Verdes is hatching plans to avoid a similar fate.

“This remains an active situation,” said Rolling Hills Estates Mayor Britt Huff at a city council meeting on Tuesday, adding that due to a break in a sewer main, five additional houses were ordered to evacuate earlier that day.

At the meeting, the council declared a state of emergency in order to access broader resources from state and federal agencies.

“No one expected this. Landslides don’t really happen in this area,” said resident Lisa Zhang.

A landslide-prone peninsula

The peninsula’s bout with landslides is well-documented in the geological record, stretching back millenniums but coming to a head 67 years ago when an L.A. County road crew accidentally reactivated an ancient slide complex while building an extension of Crenshaw Boulevard in Rancho Palos Verdes.

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The crew dug up and shifted thousands of tons of dirt, throwing things off balance enough to send the land in the Portuguese Bend into a super-slow-motion descent and activating a landslide.

That’s just one ancient landslide complex. According to El Hachemi Bouali, assistant professor of geosciences at Nevada State University who co-authored a report on the Portuguese Bend landslide complex, there are areas all across the peninsula at similar risk.

Due to precipitation and geology, the hills are uniquely susceptible to movement. Layers of clay — bentonite and montmorillonite, to be specific — are found beneath the ground, interspersed between layers of bedrock. When water absorbs into the earth, it expands and lubricates the clay until it’s slippery enough for the land to ride downward with the force of gravity. Even thick layers of bedrock will slip.

Water infiltrating the earth is the most common cause of landslides, according to Brian Collins, a research civil engineer with the U.S. Geological Survey. In California, these types of landslides are typically triggered during a big rainy season.

But there is another factor at play. The Palos Verdes Peninsula — like Laguna Beach and San Clemente — is packed with people. Those people have sprinklers, gutters, irrigation systems and leaky pipes that all add water to the earth.

Inland, an area as hilly and craggy as the Palos Verdes Peninsula might not be expected to house roughly 65,000 people. But anywhere with a view of the ocean, with secluded canyons to hike and ride horses in, will always be attractive — especially right next to L.A.’s flat sprawl.

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What caused the slide?

There’s no official diagnosis on what caused the landslide. According to city officials, a geologist will study the site and draw a conclusion from there, reviewing both the history of the area and any recent changes to the land.

But geologists and structural experts have suggested a few likely culprits: land grading, rainfall or something as simple as a broken pipe.

The townhomes destroyed in the landslide were built in the 1970s, and according to Kyle Tourje, a structural assessor with Alpha Structural, much of the land was graded and reshaped to make room for buildable lots starting in the 1950s.

So even though lots might be relatively flat, if land was moved in order to make it flat, the soil might not be as compact as it should be. When soil is looser, it’s more susceptible to water.

Tourje said the record rainfall of winter and spring didn’t help, but he thinks the slide was likely caused by a concentrated water source such as a broken pipe or sewer drain.

“On a big graded tract like this, one line that feeds one sink of one single house can affect the soil,” he said. “Next month, your water bill is extremely high. Next thing you know, your house is at the bottom of the canyon.”

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Tourje works on landslide damage every week but only comes across slides of this magnitude a few times per year.

“This is a total loss. These homes will have to be completely demolished,” he said.

Bouali, on the other hand, says unless a smoking gun appears, such as a burst pipe or a resident’s $1,500 water bill for June, he’s leaning toward rainfall as the primary culprit.

“My guess is that there has been a slow decrease of the slope’s resisting forces due to infiltration of precipitation into the clay layers,” Bouali said, adding that even though the rain fell in the spring, it might take until July for the water to flow through the layers of clay.

He points to California’s Landslide Susceptibility map, which shows almost the entire peninsula as highly susceptible. Given the area’s geological makeup, as well as the roughly 20-degree downward slope upon which the homes were perched, the landslide didn’t necessarily come as a surprise.

Since the ‘70s, regulations have become stricter with limits on how steep builders can grade lots and requirements for more subsurface drainage systems and more compact soil.

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But those measures might not help if the slippery layer is 60 feet underneath all the grading and maybe several strata of bedrock, according to Tony Lee, a local geologist who has worked in the area for 30 years.

Lee said most of his clients come from other areas of the peninsula where slides are more prevalent, but he’s already received multiple calls from homeowners in Rolling Hills Estates wanting to get their properties checked.

The allure of living in a landslide zone

Common sense might suggest that the land is uninhabitable — that building homes on terrain prone to landslides will inevitably lead to disaster.

But California is a beautiful place, and Californians love looking at it. It’s the same reason that hillside homes are perched on stilts in a region that deals with devastating earthquakes. The same reason buyers flock to the fire-prone hills of Malibu or the Western Sierra or cram beach houses onto the sand as ocean levels rise.

“I’ll be here until I can’t be here anymore. I’ll slide away with the land,” said Claudia Gutierrez, a longtime resident of Portuguese Bend, an area about a mile southeast of the slide site that has been dealing with landslide issues of its own.

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If the Rolling Hills Estates landslide is the hare, moving quickly and aggressively, then the Portuguese Bend landslide is the tortoise, with the land slowly shifting roughly eight feet per year for the last 15 years.

It has caused chaos in the community, with houses sliding across property lines and roads warping into roller coasters. But according to Gutierrez, that hasn’t kept people away.

“We had homes in the middle of the active landslide zone that sold for more than $2 million last year,” she said. “I’m amazed.”

For newcomers, the peninsula offers not only great views but stellar schools, cool coastal weather, larger lots and a more relaxed, rural feel compared to the bustling cities surrounding it. And for longtime residents, even though they’d be able to sell their houses, the peninsula has become home — even if that home is slowly slipping out from under them.

According to local real estate agents, the landslides have never been a major concern to residents of Rolling Hills Estates.

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“People think this was an isolated incident,” said Mingli Wang, a longtime real estate agent in the area. “People believe their homes are safe. They don’t think it’ll happen to them.”

She noted that during home sales in the city, sellers disclose natural hazards such as the area being high-risk for fires or a dormant earthquake zone. But landslides are not part of the disclosure.

Wang is a resident herself, and she’s not concerned about the community’s safety going forward.

Steve Watts of Vista Sotheby’s International Realty said that landslides are never part of the conversation during a sale in the city.

“If your house is hanging off the edge of a cliff, they’ll sometimes get a soil report to check how deep the bedrock is. But it’s very minor,” he said.

Watts said the gated neighborhood where the homes slid into the canyon might see a slow market in the short-term, but sales will be back to normal before long.

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Zillow puts the median home value in Rolling Hills Estates at $1.918 million, nearly double the $1.067-million mark set in 2015. Many homes in the city face Torrance, missing many of the ocean views featured elsewhere on the peninsula, but still fetch prices north of $5 million. The cheapest single-family home currently on the market is offered at $1.8 million.

When Bouali, the geologist, leads classroom discussions about hazardous areas, the conversation inevitably leads to the question, “Why do people even live there?”

He said it often comes down to the cost of moving. And Southern California has an additional factor: most of the region deals with some sort of natural disaster risk, whether it’s a landslide, flood, wildfire or earthquake. Pick your poison.

That said, he added that he wouldn’t personally live on the peninsula.

Source: latimes.com

Apache is functioning normally

In today’s fast-paced world, time is a precious commodity, leading many individuals to seek out luxurious experiences that can be enjoyed without the commitment of an overnight stay. Recognizing this desire, hotels across the globe have embraced the concept of daypasses, allowing guests to indulge in their exquisite amenities for a few blissful hours.

“Daypasses allow guests to experience the property’s amenities without requiring the normal time commitment of an overnight stay,” said Brad Mills, hotel manager at The Ritz-Carlton, Denver. “As locals and travelers strive to maximize their time but still enjoy luxurious and relaxing experiences, the ‘daycation’ is a perfect alternative.”

The trend of the “daycation” has gained significant popularity, catering to locals and travelers who yearn for some relaxation, especially by a pool. This concept provides a convenient alternative for those seeking a quick getaway. It also gives hotels an opportunity to gain free publicity through social media and cultivate future business relationships.

Whether your travel plans include Miami, Dallas or Los Angeles, this list of hotels will keep you cool and content with pool passes you can use for a few hours of pure leisure.

Fontainebleau Miami Beach

FONTAINEBLEAU MIAMI BEACH/FACEBOOK

Steeped in history, this iconic oceanside retreat has welcomed all kinds of illustrious guests and even made an appearance in the 1964 James Bond flick “Goldfinger.” It continues to exude timeless elegance and allure.

At this distinguished Miami-area hotel, you’ll find an impressive selection of 11 unique pools with luxurious cabanas, top-notch amenities and awe-inspiring views. From family-friendly options like small shallow pools and a pool with a waterslide to serene free-form pools and lively social spaces like the poolside Arkadia Day Club, Fontainebleau Miami Beach caters to a wide range of preferences.

Several daypass cabana options are available from $375 for two people.

Related: The best Miami Beach hotels

The William Vale

READ MCKENDREE/THE WILLIAM VALE/FACEBOOK

A modern retreat in Brooklyn’s cool Williamsburg neighborhood, The William Vale attracts trendsetters seeking stunning surroundings both inside and out.

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The property’s Vale Pool offers spectacular views of New York City, allowing visitors to bask in the Brooklyn sun while enjoying the city’s longest outdoor hotel pool, measuring 60 feet in length.

Various daypass options are available, such as the entry-level terrace pass for $160 and the more exclusive cabana pass for $675, which grants access to a luxurious, private poolside cabana that can accommodate up to six guests for the entire day. Alternatively, guests can opt for a comfortable reclining bed accommodating up to three guests for $475 or a poolside plush sofa for two for $325.

Related: The best hotels in New York City, from luxury stays to points properties

W Hollywood

W HOLLYWOOD/FACEBOOK

Bask in Los Angeles’ abundant sunshine at Wet Deck, the gorgeous rooftop pool of the stylish W Hollywood. From this vantage point, you can relish expansive views of the Hollywood Hills and downtown Hollywood while unwinding by the pool.

During your visit, treat yourself to handcrafted specialty cocktails, refreshing beverages and delicious bites at the pool bar. A drink in hand is the perfect way to relax in the pool’s chic setting.

W Hollywood offers a daypass for $35 per adult. You can also reserve a daybed, fire pit table or private cabana starting at $50, should you want an extra touch of luxury and comfort.

Related: The 27 best hotels in Los Angeles for your next visit

Fairmont Scottsdale Princess

JUSTIN KRIEL/FAIRMONT SCOTTSDALE PRINCESS/FACEBOOK

The Fairmont Scottsdale Princess is the longest-running AAA Five Diamond-awarded hotel in Scottsdale, Arizona. So, it’s no surprise that people near and far would want to take advantage of its top-notch hospitality.

You’ll find several eye-catching spots to visit here. However, the six on-site pools are particularly noteworthy, each offering a unique experience. Sonoran Splash Pool is a family-friendly oasis with a zero-entry pool deck. Princess Pool features picturesque views of the lush lagoons and TPC Stadium golf course. Sunset Beach provides open-air serenity under swaying palm trees. Sonoran Landing Pool serves as an exclusive adults-only area with oversized daybeds, floating bean bags and a lap lane.

The basic daypass starts at $70 for adults and $21 for children. For the use of a daybed or cabana during your visit, expect to pay at least $175 for two people.

Related: 9 beautiful hotel pools across the US

Mirage Las Vegas

MIRAGE LAS VEGAS/FACEBOOK

Escape the bustling atmosphere of the Las Vegas Strip and indulge in a serene poolside retreat at the Mirage Las Vegas. You can find the perfect oasis for your relaxation needs thanks to the property’s array of options.

By the main pool, you’ll find 10 cabanas, plus six more in a secluded area surrounded by lush tropical plants. There’s also the Bare Pool if you prefer an adults-only atmosphere.

Daypass access to the Private Oasis area ranges from $25 to $60 per chair and $125 to $300 per daybed. You can also reserve one of 16 private cabanas, each of which can accommodate up to four people.

Related: The best hotel pools in Las Vegas

Hilton Anatole

HILTON ANATOLE/FACEBOOK

Hilton Anatole’s JadeWaters pool complex is the top resort pool area in Dallas. The facility offers a range of exciting activities for the entire family, plus a beautiful pool, thrilling waterslides and a relaxing lazy river where you can unwind.

When you need some sustenance, treat yourself to delicious poolside fare at JadeWaters Bar & Grill. Or, head straight to the swim-up bar for a tropical drink.

Multiple daypass options are available, including one that also covers the use of the resort’s fitness and spa facilities. A standard daypass for two starts at $90, while upgraded options that include reserved seating like in-water lounge chairs, daybeds or cabanas start at $179 for two people.

Related: The best Hilton hotels in the US, from luxury to budget stays

Kona Kai San Diego

KONA KAI SAN DIEGO/FACEBOOK

Experience an island getaway at Kona Kai San Diego, which conveniently sits in the heart of the city.

Relax by the pool with a stunning bay view, savor local delicacies at Vessel Restaurant + Bar or enjoy tropical cocktails at the main pool’s Tiki Bar. You’ll have two pools to choose from: the family-friendly Tiki pool by the property’s private beach and an adults-only Paloma pool with its own bar.

The basic daypass, which costs $89 for adults and $45 for kids, grants you access to the main pool and a hot tub. For an elevated experience, opt for a daypass with a private cabana at either pool. Starting at $250, the cabana daypasses, which are for use of private cabanas capable of accommodating up to eight people each, come with snack buckets filled with various nonalcoholic beverages and snacks.

Related: The best hotels in San Diego

The Perry Hotel & Marina

THE PERRY HOTEL & MARINA/FACEBOOK

Upon arrival at The Perry Hotel & Marina, guests can find solace at the outdoor heated pool and sun deck, where they are welcomed with a complimentary drink. The Salty Oyster Dockside Bar & Grill provides convenient poolside food and drink service, ensuring a hassle-free relaxation session.

Unwind in a hammock, taking intermittent dips in the pool to beat the heat. The laid-back island atmosphere truly complements your desire for tranquility.

For access to the property’s pool without staying overnight, purchase a daypass for $35 per adult (kids daypasses start at $15 each). Should you seek a touch of luxury, choose a cabana daypass, which includes access to a cabana stocked with a complimentary bottle of Champagne and bottled water for $125 for two people.

Related: Battle of the Key Largo beachfront hotels: Baker’s Cay and Playa Largo

Source: thepointsguy.com

Apache is functioning normally

If you’re like me, you’ve received lots of mailers from a bank called “Third Federal Savings & Loan,” promising a low rate mortgage with very few fees.

After maybe the 10th piece of mail from them came through my mailbox, I decided it was finally time to write a review. So here we go.

Third Federal Has Been Around Since 1938

  • Began during Great Depression in Cleveland, Ohio
  • Initially served immigrants from Poland and other Eastern European countries
  • Now operates in 25 states and DC, with branches in Florida and Ohio
  • They are a direct mortgage lender that offers purchase loans, refinances, and home equity products

First off, let’s talk a little history. Third Federal isn’t a newcomer like Better Mortgage or Rocket Mortgage.

They’ve been around since 1938, which if you’re counting, is nearly a century. That gives them some credibility, and if you ask, they’ll tell you that staying power can be attributed to conservative lending.

In other words, avoiding fads and questionable product choices like subprime or Alt-A in exchange for lasting relationships and more stability.

The company was started by Ben S. and Gerome Stefanski in Cleveland, Ohio during the Great Depression, using $50,000 in capital provided by members of the Slavic Village neighborhood.

It began by serving struggling immigrant families from Poland and other Eastern Europe nations who had settled in the area.

Over time, the business grew and thrived, and today they do business in 25 states, and run a branch network in the states of Florida and Ohio.

Where Third Federal Mortgage Operates

As noted, they do business in 25 states and the District of Columbia, but not all products are offered in all states. So pay close attention.

You can get a purchase loan or refinance in the following states: OH, FL, KY, NC, VA, MD, NJ, PA, IN, IL, GA, MO, TN.

And you can get just a refinance in these states: CO, NH, CA, NY, OR, MA, CT, DC, WA.

Additionally, home equity loans are available in: OH, FL, KY, CA, PA, NJ, VA and NC.

Lastly, bridge loans are available in all purchase markets mentioned above if you need to buy before you sell your existing home.

What Home Loan Programs Does Third Federal Offer?

  • You can view real rates and apply for a mortgage online
  • Or generate a free, true pre-approval that can even be locked in
  • They offer lots of interesting conventional loan products like Smart Rate ARMs and jumbo loans
  • But do not offer government loans or finance second homes or investment properties

While they don’t sound like a disruptor in the mortgage space, they do offer a similar digital experience along with interesting loan products.

If you want to apply for a home loan or equity line of credit, you can start the process online in minutes.

You can generate a pre-approval letter and even lock in your rate before you find a property via their prelock option.

The company specializes in conventional loans, meaning non-government stuff backed by Fannie Mae and Freddie Mac, along with jumbo loans on owner-occupied properties.

You won’t find FHA loans, VA loans, or USDA loans here, or mortgages for second homes and investment properties, but they do everything else, including home equity lines of credit.

They offer both fixed-rate mortgages and adjustable-rate mortgages, including lesser-known options like the 3/1 ARM and 10-year fixed mortgage.

Interestingly, their ARMs are tied to the Prime Rate, as opposed to say the LIBOR or some other index. Once the fixed period ends, they reset to Prime minus 1%.

They have two caps, including a periodic cap of 2%, meaning your rate could increase (or decrease) by up to two percentage points at the first adjustment.

And a lifetime cap of 6%, meaning the most the rate could increase during the life of the loan is six percentage points.

Their ARMs come in three different terms, including a standard 30-year term, 15-year term, and 10-year loan term. That’s pretty unique.

Additionally, they offer a discount on jumbo loans as opposed to charging more for them, which is typically the norm.

If you’re happy with your first mortgage, they also offer home equity lines of credit with no teaser or introductory rate.

They say it’s “always Prime minus 1.01%,” a rate they believe is 20% lower than most other lenders.

It comes with no closing costs and no prepayment penalty, and costs just $65 per year after being free the first year.

They also offer construction-to-perm loans and an end-loan mortgage product.

Third Federal Mortgage Rates

  • They openly advertise all their mortgage rates online
  • Rates offered with or without most closing costs (Low Cost option)
  • Their Smart Rate feature allows you to relock your rate whenever you want
  • Appear to be competitive with other lenders but always shop around

One thing I like about this bank is its transparency. They let you know about everything. And it’s no different when it comes to their mortgage rates.

They are advertised right on their website for all to see, without the need to apply or create an account.

You can see current rates for the 30-year fixed, 15-year fixed, 10-year fixed, 5/1 ARM, and 3/1 ARM.

Low Cost Mortgage Option – Pay Just $295 in Closing Costs!

Additionally, they show the “Low Cost” version of many of their loan programs, which requires just $295 in closing costs ($595 in NY).

They pay for everything other than pre-paid items like interest, taxes, and insurance, along with transfer taxes if applicable.

You aren’t on the hook for an application fee, underwriting fee, processing fee, appraisal, credit report, title insurance, recording, notary, and so on.

Nor do you need to pay a loan origination fee or mortgage points, unless you wish to pay discount points to obtain a lower-than-market rate.

These “Low Cost” options come with slightly higher interest rates to offset the lack of closing costs, and could be a good choice for someone who doesn’t plan to keep their mortgage long.

Their rates appear to be pretty competitive, and with low fees and no commissions paid to their loan officers, the APRs are similarly low.

One nice benefit is that they don’t charge extra for cash out refinances, so if you want to tap some equity, your interest rate won’t be higher as a result.

As always, compare their rates to other banks, credit unions, mortgage brokers, and so on to ensure you’re getting the best deal for your particular loan scenario.

Third Federal Smart Rate ARMs Feature Rate Relock Feature

  • Their ARMs feature a free Rate Relock option that allows you to fix your rate at any time
  • If your 3/1 ARM or 5/1 ARM is about to reset higher, you can relock for just $295
  • Fixed rate is then extended for three or five years, respectively
  • You can take advantage of this option as many times as you’d like during the loan term

They also offer a “Rate Relock” feature that allow you to relock your rate at any time if you take out one of their so-called “Smart Rate” adjustable-rate mortgages.

The process is apparently super simple and quick, and does not require an application or appraisal. However, I do believe they check your credit.

You just request the Rate Relock, pay a low $295 fee ($595 in NY), and your new interest rate will be relocked at current rates.

In the month following your request, the new interest rate will go into effect.

That way you don’t have to worry about your ARM exploding higher after the initial fixed period comes to an end.

It could be super beneficial if rates remain low or go down, as you could lower the interest rate on your mortgage without refinancing.

The company says with Rate Relock, “you’ll never have to refinance again!”

While true or not, it’s a neat little feature, just make sure the convenience isn’t built into a higher mortgage rate versus the competition.

Why Use Third Federal to Get a Mortgage?

  • They offer unique home loan programs you can’t find elsewhere
  • Purchase loans come with Lowest Rate Guarantee and On-Time Closing Guarantee
  • Standard rate lock period is 60 days as opposed to just 30
  • They service all the loans they close instead of selling them off to other companies

Assuming you live in a state where they do business and your property qualifies, Third Federal offers some really interesting loan options like ARMs with various loan terms.

Additionally, their mortgage rates appear to be pretty competitive, especially with the lack of most closing costs on their Low Cost option.

If you have a jumbo loan, your rate could be even lower, and all mortgages come with a standard 60-day rate lock as opposed to just 30 days.

Those purchasing a home with a Third Federal mortgage can take advantage of both their Lowest Rate Guarantee and On-Time Closing Guarantee.

And you can take out a mortgage up to 85% LTV without paying private mortgage insurance.

Also, they service 100% of the loans they originate, as opposed to selling them off to some unknown loan servicer you might not like.

Ultimately, they are probably a good choice for someone interested in taking out an ARM vs. a fixed mortgage.

You get added flexibility on the ARM with the Rate Relock feature, which could be really beneficial if mortgage rates continue to stay flat and/or low.

However, as mentioned, they do have some limitations when it comes to borrowing on all property types, and their fixed mortgages might not be as competitive as other banks.

Mortgage Passport Review

Recently, Third Federal launched a new online lending division known as “Mortgage Passport.”

They refer to the company as the coming together of high tech and human touch. In other words, same great service you’d get from a bank, but with the latest technology.

They pride themselves on their low rates, easy-to-use digital loan application, and their “smart” non-commissioned loan officers.

Mortgage Passport appears to offer refinances in the following states: CA, CO, CT, DC, GA, IL, IN, KY, MA, MD, MO, NC, NH, NJ, NY, OR, PA, TN, VA, and WA.

The Mortgage Passport division seems to be focused on refinances, and specifically cash out refinances that allow you to tap equity.

And they aren’t shy about showing off their mortgage rates, with daily rates prominently displayed on their website.

You can easily compare standard closing cost mortgages, no lender fee mortgages, and no closing cost mortgages side-by-side without having to log in or provide personal information.

From what I saw, their mortgage rates were very competitive, even the no-fee options. Note that no cost loans are not available in NY.

To get started, simply head to their website, click on “Apply Online” and you’ll be off to the races.

From there, a loan officer will reach out to review your application and collect a deposit (likely an appraisal fee) so your loan can be processed and underwritten.

While there aren’t a ton of Mortgage Passport reviews just yet, they do have a 4.9-star rating out of 5 on Bankrate from 8 reviews, with a 100% recommend rating.

And on their own website, a 4.8-rating and 100% recommend rating from five reviews. So it appears the feedback thus far is very positive.

If you’re looking for a digital mortgage process and a low mortgage rate on a refinance (with a variety of different closing cost options), Mortgage Passport could be a good choice

(photo: Marcin Wichary)

Source: thetruthaboutmortgage.com