Sun04262015

Business & Real Estate

How some spend more than they earn

The Wall Street Journal recently ran an article about affluent individuals and families who, despite high six-figure salaries, managed to pile up a huge amount of debt. They cited one woman who had accumulated $300,000 in debt despite earning more than $200,000 a year.

Readers’ responses, unsurprisingly, were variously indignant, angry and puzzled. Many couldn’t understand how it’s even possible to spend that much more than one’s income.

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Transactions

Los Altos

2049 El Sereno Avenue, J. Tong to W. Tong for $1,600,000

1453 Lloyd Way, Z. Sun to M. Stattler for $1,500,000

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MLS reports sharp median price increases

Large swings in median price and closed sales appear to characterize most of the housing markets in Silicon Valley over the past year, according to the latest MLS report.

Month-to-month activity is leaning toward a more moderate market with a strong demand, officials reported.

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Local realtors scare up money for charity


Photo courtesy of SILVAR
Realtors Gary Campi and Jordan Legge, from left, joined Nancy Domich, SILVAR President Dave Tonna and Joe Brown to raise funds for the Silicon Valley Realtors Charitable Foundation.

Los Altos and Mountain View realtors raised $4,650 Oct. 17 for the Silicon Valley Realtors Charitable Foundation during its second annual pumpkin auction.

The foundation offers grants for individuals and organizations, including scholarships for graduating high school seniors, funded by donations from realtors, affiliate members and friends.

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Corporate earnings drive up market

U.S. corporate earnings continue to beat expectations as Wall Street stocks climbed more than 1 percent last week.

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Transactions

Los Altos

1260 Carmel Terrace, Kapany Trust to R. & E. Guy for $3,800,000

430 Lassen Street No. 1, Gullickson Trust to M. Selden for $1,280,000

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New shop offers haute couture for girls


Ellie Van Houtte/Town Crier
The Girls @ Los Altos at 239 State St. offers clothing lines such as Nellystella as well as toys and other items for girls.

Cecilia Chen opened The Girls @ Los Altos as a tribute to the party dress. Whether it’s for a birthday party, a role as flower girl or a concert performance, Bay Area girls like her daughter like to dress up – and Chen saw a lack of comfortable places for young girls to try on fancy clothing in a cozy setting.

Chen built a “kids’ corner” in her shop at 239 State St. with sofas, bookshelves and toys for young people to kick back and relax. A big wooden toy house set up as a playspace sits along one wall.

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