Word: calif
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...serious? Choose to rent when owning seems a sure way to riches? On closer view, he just may be on to something. The Choes sold their tiny ranch in Sacramento, Calif., for $369,000, or nearly twice what they had paid three years earlier. But rather than plow his money back into a sky-high market in which people were bandying about the word bubble, Choe rented a bigger house in a better neighborhood--at a monthly expense similar to his old mortgage and for less than half of what it would take to buy the new place...
Several U.S. utilities are supporting the technology. Plug-in cars would open a new market for electricity at night, when utilities have excess capacity. In fact, the Electric Power Research Institute in Palo Alto, Calif., helped build the plug-in Sprinter. Ed Kjaer, director of electric transportation at Southern California Edison, argues that plug-ins represent a natural evolution of hybrid technology, which today essentially burns gas to generate electricity. "The more hybrids are sold," he says, "the stronger the business case will become for the electric vehicle...
Carole Suzuki is a self-professed Starbucks addict. But a tall half-caf with hazelnut syrup isn't the only thing she's fixating on at her local coffee spot. The 40-year-old mother of two from Culver City, Calif., also satisfies her aural cravings there, frequently picking up a compilation CD or maybe a new album from the likes of jazz singer Madeleine Peyroux. "I won't make a special trip to a record store," she says, riffling through a stack of discs. "But I've bought more than 20 Starbucks compilations, and they're awesome...
...equity. Some--like bettors taking chips off a blackjack table--have sold, trading down to smaller places or swapping a city apartment for a calmer, cheaper life in the country. Still others have stayed put and splurged. Lucky Erganian and her husband, now deceased, bought their Woodland Hills, Calif., home in 1982 for $260,000. Today she's in the midst of a six-figure renovation. Real estate agents daily slip flyers onto her porch boasting of the windfalls they have won for her neighbors. "The one I have now," says Erganian, 58, "lists three that sold for $1.2 million...
...razed to build million-dollar-plus yuppie warrens, her street--once home to working-class Polish-American families--is losing its tight-knit character. But at least Kovarek owns her home. Writer Michael Glynn, 49, his wife and two kids rent an 850-sq.-ft. apartment in Santa Monica, Calif. There is barely enough space to shoehorn a tree in at Christmas, and Glynn's office doubles as his daughter's bedroom. Glynn and his wife considered buying a house when they married in 1994, but, he says, "I thought houses were overvalued." Now they can't afford their neighborhood...