Transactions for the week of September 5

Los Altos

215 E. Edith Avenue, R. Hedges to B. Kelly for $3,200,000

1345 Montclaire Way, Press Trust to A. Reddy for $3,025,000

California housing affordability hits 10-year low in second quarter

California’s housing affordability dropped to a 10-year low in the second quarter of 2018 due to record high home prices and higher interest rates and other housing costs, according to the California Association of Realtors Traditional Housing Affordability Index.

BK Collections Hosts 40th Anniversary Party

BK Collections hosts 40th anniversary party

BK Collections at 342 State St. in downtown Los Altos has scheduled a 40th anniversary celebration from 10 a.m. to 6 p.m. Saturday, featuring a jazz band (from 11:30 a.m. to 3 p.m.), balloons and a giveaway.

Owner Belinda Chung said she would post on social media soon so that her customers can enter a drawing and be in the running for one of the 40 gifts she plans to give away.

3 Potato drapes women with an artist's touch

Photos by Megan V. Winslow/Town Crier
Clothing designer Guo Feng, above, opened the 3 Potato boutique on State Street in Los Altos this summer to sell her loosely constructed, abstract pieces of women’s clothing.


An artist at this summer’s Los Altos Arts & Wine Festival spotted an empty storefront during her weekend in town and saw the potential to stay for the long term. Within a month, women’s clothier Guo Feng had opened a brick-and-mortar boutique, 3 Potato, and started selling her personal designs from the former location of Atelier Gray at 358 State St.

Feng’s loose and flowing shirts, tunics and jackets are made of lightweight, easy-to-wash viscose. Some of the fabrics use patterns she painted herself, other prints she modified or picked for their striking aesthetic.

How market timing affects retirement savings

Graphic courtesy of Artie Green
The graph shows the growth and decline of a $250,000 portfolio over time. The blue line represents the results based on the actual returns, the green line sorts the returns such that the highest annual return occurs first and the purple line shows the opposite – the lowest return occurs first.

There are numerous investment-strategy aphorisms that have circulated throughout the years. For example, “Your percentage allocation to bonds should be the same as your age.” Most are rooted in the idea that as you become older, and particularly during retirement, you will become more dependent on your savings and therefore should take less risk with your investments.

But is there any mathematical basis for such a strategy? It turns out there is, but not necessarily in the way conventional wisdom would suggest.

MV Orchard Supply to close, liquidate stock

A liquidation sale at Orchard Supply Hardware on Charleston Road in Mountain View began last week, only days after employees and customers learned that all stores nationwide would close by early next year.

Known informally as OSH, the chain started in San Jose in 1931 and expanded across multiple states before being acquired by Lowe’s in 2013.

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