Transactions for the week of July 17

Los Altos

1987 Farndon Avenue, T. & S. Smith to J. Song for $3,000,000

100 First Street No. 302, Kim Trust to J. Chui for $4,330,000

Striking a new pose: Olivia Boutique moves down Main

Megan V. Winslow/Town Crier
Olivia Zinoni owns clothing shop Olivia Boutique, which has relocated down the street to 315 Main St.

It’s been 19 years since Olivia Zinoni opened her clothing boutique in Rancho Shopping Center, a vision she created with her younger brother after the native Italians decided to stay in the U.S. following college. This week, after moving twice, she officially opens the doors to her third storefront in Los Altos.

“I wouldn’t change anything,” Zinoni said of her journey, her eyes creasing as she smiled through strong sunlight.

What's in a name? : Explaining types of homeownership

I am asked often about the differences in homeownership. The answer is fairly straightforward if you think in terms of two distinct categories: what the building looks like and how it’s owned.

Q: I saw a house for sale that looked like a townhome, but they called it a single-family home. How can this be?

LAVA unveils new downtown banners

Megan V. Winslow/Town Crier
The Los Altos Village Association’s new seasonal banners, including special ones heralding the Los Altos Arts & Wine Festival, adorn lampposts downtown.

This is a banner year for the Los Altos Village Association – literally.

LAVA late last month unveiled new seasonal banners, which hang from lampposts lining Main and State streets and the cross streets that define the borders of downtown.

Transactions for the week of July 10

Los Altos

105 Alvarado Avenue, Speros Family Trust to M. & A. Khan for $3,980,000

1646 Ben Roe Drive, Daly Trust No 1 to S. & P. Shah for $2,853,000

How to fairly compare an annuity to a bond

My elderly uncle is convinced that annuities are better than bonds because the annuity will not only pay more on a monthly basis than a similar bond investment, but also would keep paying over the remainder of his lifetime. While that’s true, it doesn’t tell the whole story. There’s a more accurate way of comparing the two.

Because there are so many annuity variants, not to mention bond types, we’ll compare a basic single-life single premium immediate annuity (SPIA) for a 65-year-old male to a 10-year U.S. Treasury bond to keep the comparison apples-to-apples as closely as possible. For those unfamiliar with these investment vehicles, the SPIA in this example returns a guaranteed monthly payment for the rest of your life primarily based on three factors: (1) the amount of principal you contribute upfront, (2) your age and (3) current interest rates. The Treasury bond pays a guaranteed amount of interest twice yearly, also based on current interest rates, but only for 10 years, at which time your original principal is returned.


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