I'm moving: What should I do with all my stuff?

Let’s face it, we are collectors. We hold onto many things far longer than we probably should. Many of us were raised by people for whom the Depression was very real, but it’s nearly 2020.

If you’re selling your house, you’ll probably need to get rid of a few things (OK, probably a lot more than a few), so following are answers to frequently asked questions about resources. A word of caution: There is a very limited market for second-hand things these days, so don’t get your hopes up for a windfall from selling your old Hummel figurines.

Affordability is California's 'Achilles' heel' says economist

When they presented the California Association of Realtors 2019 Mid-Year Market Forecast this month, association senior vice president and chief economist Leslie Appleton-Young and deputy chief economist Jordan Levine said that as of July, the U.S. was officially 10 years into its economic recovery period, the longest period of economic expansion on record.

According to the economists, the economy is healthy, with gross domestic product reaching 3.1% in the first quarter of this year. Unemployment dropped to 3.7% in June – the lowest in 55 years – and job growth totaled 1.5%. Consumer confidence has remained elevated. Interest rates are at an all-time low, dipping to 3.75% in June. There is speculation that the U.S. Federal Reserve may lower rates even more.


Los Altos

2220 Ancora Court, Moranda Family Trust to S. & G. Jothikumar for $2,775,000

1524 Arbor Avenue, D. & E. Huggers to Ting Trust for $4,998,000

Stay tuned for a LACI update

170 State Street contstruction” width=
Megan V. Winslow/Town Crier
The building at 170 State St. is currently under construction. Once the city of Los Altos approves the building permit, the building will become a mixed-use development with a food court on the first floor and office space above.

Updated 7/31 at 1 p.m. to clarify details about each specific property. For the full correction, read next week's issue.

The Town Crier has received several inquiries about changes to two Los Altos Community Investments properties: 170 State St., above, and 151 First St.

In 2010, Anne Wojcicki, CEO of 23andMe, founded LACI, which owns more than two dozen downtown properties.

According to the city of Los Altos’ New Development webpage, a design review application for 170 State is under consideration. The project, approved last December, will transform the existing two-story building into a mixed-use development with a food court on the first floor and office space on the second.

LACI officials confirmed that the building permit is being processed by the city and promised the Town Crier an interview with renderings when paperwork is approved.

As for 151 First, the former home of arcade Area 151, only rubble remains after its recent demolition. After the Town Crier deadline, LACI representatives commented a new design that will provide green space to Bumble next door was previously approved by the city. Site improvement and use permits were obtained July 1.

Thought Marketing racks up awards

Courtesy of Allison Taylor
Allison Taylor started Thought Marketing LLC, a Los Altos-based boutique consultancy, nine years ago after leaving a career running communications for a security software company.

Allison Taylor never planned to launch Los Altos-based Thought Marketing LLC nine years ago – she just knew she needed a career change from running communications for a security software company.

But as she talked to business contacts, everyone kept saying, “Let me know what you end up doing because I’d love to work with you,” she said.

Emotionally preparing for life in retirement

Virtually everyone who comes to our firm seeking retirement planning help is focused on the financial aspects. The No. 1 question is usually: “Will I have enough money to be able to do all the things I want to do as a retiree?”

Being prepared financially, however, is not the same as being prepared emotionally. Your lifestyle during retirement is going to be quite different from what you’ve been experiencing up until now, and if you don’t plan for it, you could be in for a shock.

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