Sweet Orange

You might be surprised to learn that the Big Orange is a green jobs hub. In addition, green jobs on the national level are growing faster than most other job categories. Here is a breakdown of how green jobs are an important feature of our economy:

Green jobs on the county level:

Orange County will likely add 3,130 new energy-related jobs over the next three years, most of them in the realm of project managers for construction or design work, according to a new report by a local college-affiliated group.–Pat Brennan, “Report: O.C. to add 3,000 jobs in energy sector”

Green jobs on the state level:

From January 2007 to January 2008, green jobs in California increased by 5 percent, while jobs decreased by 1 percent in the economy as a whole.–Pat Brennan, “Need a job? Think ‘green’ - jobs booming in O.C., statewide“

Green jobs on the national level:

The push for clean energy could lead to explosive job growth in the United States, according to a new report by a clean-energy research group.

The report, Clean Tech Job Trends 2009, says activity is high in the renewable energy market, with some predicting the biggest chance for wealth and job creation since the rise of computers and the Internet.–Pat Brennan, “Report: job potential high in renewable energy“

Green jobs and national security:

According to Mayor Michael Bloomberg, going green is important not only because of the personal job benefits it might bring us, but also for our national security.

We are transferring our wealth to countries around the world who don’t agree with us and, in many cases, are funding the very terrorists that we are sending our young men and women out to fight….We have got to get somehow or other to [energy] independence. It’s doesn’t matter if you are a greeny or not. The bottom line is we cannot keep funding our enemies.–Michael Bloomberg on Meet the Press

For more information on green jobs and the economy, see:

• Energy Efficient Occupations in Orange County, Center for Excellance, California Community Colleges
• Green Business by Media Planet
• EDF’s Clean Energy Jobs State Fact Sheets
  

Graph Courtesy Wikipedia

Following is a quote straight from the MakingHomeAffordable.gov website. Remember: Help with preventing foreclosure and obtaining loan modifications is free.

Beware of Foreclosure Rescue Scams - Help Is Free!

• There should never be a fee for assistance with or information about the Making Home Affordable Program.
• Beware of any person or organization that asks you to pay an upfront fee in exchange for a counseling service or modification of a delinquent loan. Do not pay - walk away!
• Beware of anyone who says they can “save” your home if you sign or transfer over the deed to your house.  Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
• Never make your mortgage payments to anyone other than your mortgage company without their approval.

The Obama Administration has launched a coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times. Click here for more information.

On February 11th, the Orange County Home Ownership Preservation Collaborative (OC HOPC) is offering a free workshop for anyone who needs help with preventing a foreclosure on their home. This is part of the on-going free foreclosure prevention workshops that OC HOPC is providing in partnership with various organizations. The February 11th workshop is in partnership with the U.S Department of Housing and Urban Development (HUD), City of Santa Ana, National Association of Realtors, California Association of Realtors, Orange County Association of Realtors, and Calvary Church.

HUD-approved housing counselors, legal counselors and lenders will be on-site to help at the workshop. However, only homeowners whose names are on the mortgage can be assisted, so OC HOPC asks that you do not send someone in your place. If you need assistance but can’t make this workshop, you might contact OC HOPE and ask what other help is available or when and where the next workshop will be held.

Here are the details for the upcoming OC HOPC workshop:

When: Thursday, February 11, 2010
Session 1–2:30 to 4:30 pm (English, registration begins at 2:00 pm)
Session 2–5:30 to 7:30 pm (Spanish, registration begins at 5:00 pm)

Where: Calvary Church, 1010 N. Tustin Avenue, Santa Ana

Who: Open to public
RSVP Recommended (www.oc.myhousingforall.org or e-mail myhousingforall@aol.com)

What to Bring:

• Your loan documents and recent mortgage statement
• Your two most current pay stubs
• Your most recent W2s–two-years worth
• Your most recent tax returns–two-years worth
• A list of your monthly expenses

Cost: Free

Again, if you need help with preventing a foreclosure but can’t attend this workshop, contact OC HOPC to see what other help is available.

Here are the most recent Orange County foreclosure numbers from DQNews:

Notice of Defaults (NODs)–This is the first step in the foreclosure process; however, this does not necessarily end in the home being taken back by the lender.

Fourth Quarter 2009 Year-Over-Year Numbers:

• 2009–5,555
• 2008–4,481
• This is a 24.0% year-over-year increase. However, the quarter-to-quarter number of NODs deceased.

Third Quarter 2009 Year-Over-Year Numbers:

• 2009–7,436
• 2008—5,692
• This is a 30.6% year-over-year increase.

Trustee Sales Recorded–This is the last step in the foreclosure process. The home is sold to a new owner at a trustee auction or taken back by the lender in this stage of the foreclosure process.

Fourth Quarter 2009 Year-Over-Year Numbers:

• 2009–2,235
• 2008–2,088
• This is a 7.0% year-over-year increase. In addition, the quarter-to-quarter number of trustee sales is approximately the same.

Third Quarter 2009 Year-Over-Year Numbers:

• 2009–2,238
• 2008—3,997
• This is a 44.0% year-over-year decrease.

Recently, I wrote about some new laws that went into effect on January 1 and apply to the real estate industry. A new law that applies to the building and remodeling industries also went into effect.

Before January 1, all pipes, pipe fittings, plumbing fixtures and other fixtures that might become wet were allowed up to a total contain of 8% lead. On January 1, 2010, the allowed amount was reduced to 0.25%.

I am sure that there are differencing opinions on what amount of lead would be harmful. But, no matter what that level is, exceeding that amount can result in the following:

Lead can increase blood pressure and cause fertility problems, nerve disorders, muscle and joint pain, irritability, and memory or concentration problems. It takes a significantly greater level of exposure to lead for adults than it does for kids to sustain adverse health effects.–”Lead and Your Health,” National Institute of Environmental Health Science  (NIEHS)

As the NIEHS quote states, lead poisoning can be particularly harmful to children. The KidsHealth website provides more information on this:

Lead poisoning can lead to a variety of health problems in kids, including:

• decreased bone and muscle growth
• poor muscle coordination
• damage to the nervous system, kidneys, and/or hearing
• speech and language problems
• developmental delay
• seizures and unconsciousness (in cases of extremely high lead levels)
  –”Lead Poisoning,” KidsHealth

It’s a new year which means that many new laws went into effect on January 1st.

Here are some of the new regulations that now apply to California real estate:

• Loan officers must register with the state.
• Making inaccurate information during the mortgage application process in now a crime.
• Banks must inform potential borrowers of all their loan products.
• Lenders are not allowed to steer borrowers who qualify for a fixed-rate loan into riskier, higher-priced loans.
• Negative amortization loans are banned in most cases.
• Penalties that are assessed to a borrower when they pay off a loan early are now capped.
• Lenders must give potential customers of a reverse mortgage the following: a list of counseling agencies that deal with reverse mortgages and a list that checks off the potential risks associated with reverse mortgages as well as alternatives to reverse mortgages. Reverse mortgages converts a borrower’s home equity into cash. They are geared to senior citizens. For additional information on reverse mortgages, see the AARP website.

For related information, see Realty World, Arnold CA Blog.

Source: “News laws shield buyers,” The Associated Press as printed in The Orange County Register on January 1, 2010

Following is a quote from a Next Ten analysis conducted by Collaborative Economics, using data from New Energy Finance, Clean Tech GroupTM, LLC, and The National Establishments Time-Series (NETS) database based on Dun & Bradstreet business-unit data:

Between 1995-2008, green businesses increased 45%, green jobs grew 36% while total jobs in the state grew only 13%….In Orange County green transportation jobs grew 1,875% including alternative fuels and motor vehicles and equipment. Energy generation jobs grew by 176%.

Maybe one of your New Year resolutions is to put yourself in a better position to find a job or have a better sense of job security. If so, you should be aware that, as the above quote shows, Orange County is a green jobs hub. That’s right, the Big Orange is going green. So no matter what you think of green living or sustainable technology, its the job-rich industry of the near future. And if you live in Orange County, you live in a green-jobs hub.

According to the City of Los Angeles Workforce Investment Board, some of the up and coming green technology jobs are

electricians, plumbers and pipe-fitters, carpenters, construction laborers and general and operations managers. Further, the largest “middle-skill” occupations in Los Angeles’ green technology industries requiring an average of 1.5 years or less of training and education, include: electricians; architectural drafters; plumbers and pipefitters; sheet metal workers; carpenters; bookkeepers and auditors; secretaries; general helpers-electricians; construction laborers; office clerks-general; and refuse and recyclable collectors.

In addition:

…large-scale solar panel installation projects by major public utilities, suggests that demand for Photovoltaic Installers will soon accelerate.

If you want training in green tech, check your local colleges such as Orange Coast or Santiago Community College to see what they have available. The Orange County Workforce Investment Board (OCWIB) is another source that might help you with job training information.

Earlier this year, we all turned our clocks back one hour to observe daylight savings time. Daylight savings time was first adopted in the U.S. to conserve resources and, therefore, aid the war effort during World War I.

Today, with the development of fluorescent light bulbs, we have another way to conserve our resources–and money. According to the EPA:

Lighting accounts for close to 20 percent of the average home’s electric bill. Changing to CFLs costs little upfront and provides a quick return on investment.

If every home in America replaced just one incandescent light bulb with an Energy Star-qualified CFL, it would save enough energy to light more than 3 million homes and prevent greenhouse gas emissions equivalent to those of more than 800,000 cars annually.

So, in addition to saving resources on the national level, using CFLs can save money on the personal level. Although the CFLs cost more upfront, the cost of the monthly utility bill will be lower, and the result will be a net savings.

Statistics from the EPA back this up:

An ENERGY STAR qualified compact fluorescent light bulb (CFL) will save about $30 over its lifetime and pay for itself in about 6 months. It uses 75 percent less energy and lasts about 10 times longer than an incandescent bulb.

Note: This is a rework of one of my Redfin posts.

According to S&P/Case-Shiller, the Los Angeles-Orange County metropolitan area September housing prices were up 0.8% from August. September’s increase in home price marked the fourth month in  a row that Orange County housing prices increased. However, prices are down by 9.0% from last year. In addition, home prices in the Los Angeles-Orange County area are still 70% to 80% above what they were in 2000.

Note: Case-Shiller uses paired-sales comparisons for their analysis.

Source: “Another up month for home prices” by Jeff Collins, OC Register

It’s nothing new: Economic hard times and self interest can make for some strange bedfellows and surprising viewpoints, considering who makes them. Previously, I wrote about an example on the local level, “Discovering Socialists in the Most Unusual Place: The Costa Mesa City Council and the Orange County Fairgrounds.” Today I will write about another example. This time on the national level.

Tom Tancardo, former U.S. representative from Colorado, is a staunch conservative in the be-self-reliant, don’t-look-to-the government-for-a-bailout mold. However,  he wants his own government bailout.

Tancardo is a Bernie Madoff victim. He stated on “Fox News Reporting; Target Madoff” that he lost his entire savings in the Madoff Ponzi scheme that burned so many investors. Some of these victims were able to get partial compensation for their losses from a government fund. However, Tancardo’s circumstances were such that he did not qualify, and he wants the law changed so that he will qualify. When asked about the irony of his efforts to get a government bailout, he said with a smile, yes, but “I want my money.”

Apparently, we are all “socialist,” if it is in our interest.