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February 23, 2024

 

 

 

 

 

Quote of the Day

 

Today, give a stranger one of your smiles.  It might be the only sunshine he sees all day.

 

 – H. Jackson Brown, Jr.

 

 

 

This Day in History

 

February 23, 1958:  Formula One champ kidnapped.  On this day in 1958, five-time Formula One champion Juan Manuel Fangio of Argentina is kidnapped in Cuba by a group of Fidel Castro’s rebels.  Fangio was taken from his Havana hotel the day before the Cuba Grand Prix, an event intended to showcase the island nation.  He was released unharmed several hours after the race.  The kidnapping was intended to bring international embarrassment to Cuban President Fulgencio Batista, whose government Castro would overthrow on January 1, 1959.

In addition to Fangio’s kidnapping, the Cuba Grand Prix was marred by tragedy when a Cuban driver named Armando Garcia Cifuentes lost control of his car on an oil-slicked part of the street course and plowed into a crowd of onlookers.  Seven people were killed and dozens more injured.  The crash led to immediate speculation that Castro’s followers had sabotaged the course by coating it with oil; however, it was later believed that a broken oil line in a car driven by Argentina’s Roberto Mieres was the cause of the slick spot.

The kidnapping incident occurred at the end of Juan Manuel Fangio’s storied career.  Fangio, who was born on June 24, 1911, in Balcarce, Argentina, quit school at the age of 11 to work as a mechanic’s assistant and as a young man raced “souped-up passenger cars on the unpaved roads of South America,” according to his 1995 obituary in The New York Times.  After modern Formula One racing began in 1950, Fangio collected his first world championship in 1951.  He repeated this feat in 1954, 1955, 1956 and 1957.  Fangio left racing in 1958, stating that the cars had become too fast and dangerous.  According to the Times: “That he survived to enjoy his wealth despite racing in an era without seat belts and fire-retardant uniforms was a credit to his skills, the cars he drove and no small measure of luck.”

Fangio died in Buenos Aires at the age of 84 on July 17, 1995.  His record of five Formula One world titles stood until 2003, when Germany’s Michael Schumacher won his sixth world championship (Schumacher retired in 2006 with a total of seven world titles).

 

 

Ojai Weather

 

Partly sunny  –  High 73 / Low 48

Total rainfall for the season  –  28.04 inches

Lake Casitas water capacity  –  85.2% (up from 84.7%)

 

Friday, February 23, 2024
1:10 p.m.

There are no new listings for today….on a Friday.

 

[Awkward silence….twiddling thumbs….staring at the ceiling….]

 

“What do you want to do now?”

 

[Sound of crickets…….]

 

“How about a short collection of cool custom doghouse pics, followed by a link for Things to Do in Ojai – then the Pic of the Day?”

 

“Let’s do it!”

 

 

 

 

 

 

 

 

 

Here’s the list of Things to Do in Ojai; have a great weekend!

 

 

 

Pic of the Day
The Hatfield-McCoy feud still rages

 

Thursday, February 22, 2024
2:40 p.m.
There are no new listings for today.

 

We’ve heard about the Consumer Price Index (CPI) and the Jobs Report being the two most important considerations for interest rate momentum as far as economic reports are concerned.  Last week we said “Hello” to the Producer Price Index (PPI), which focuses on the more volatile wholesale side of the supply chain.  As PPI has been looked at as being not as important, mainly due to it surging sharply lower in late 2023 and helping to build a case for inflation calming down, PPI has reared its head again, spiking a few times in the past few months and last week was the latest example.

Adding insult to the injury already done by CPI earlier last week, this created further upward movement in mortgage interest rates, taking them to their highest levels in over two months.  Short story, more waiting, as opposed to less, to see when the Fed will give its first signal that a rate cut could be on the table.  We’re still on the road to recovery…

 

[As always, thanks to Martin Rosenblum at Mortif Mortgage for his helpful insight!]

 

 

Current interest rates

30-yrd fixed:  7.16%

 

 15-yr fixed:  6.58%

 

30-yr Jumbo:  7.42%

 

30-yr FHA:  6.68%

 

30-yr VA:  6.70%

 

 

 

 

Pic of the Day
Actual listing photo – the last vestige of Imelda Marcos’ addiction

 

Wednesday, February 21, 2024
4:30 p.m.
There are no new listings today.

 

 

 

Pic of the Day
Meanwhile, at Dr. Seuss’ house…

 

Tuesday, February 20, 2024
1:05 p.m.
There are three new listings on the market:

 

242 Prospect Street – $950,000

 

 

205 Vallerio Avenue – $749,900

 

 

815 Foothill Lane – $4,800,000

 

 

 

Recently cancelled, withdrawn, or expired listings – back on the market as new:

 

 

 

For the second year in a row, we are well-above the yearly average rainfall for the Ojai valley (which is about 21.50 inches, depending on where you get your information).  The ground at my house was so saturated that my own weather station toppled over, rending the measurements unreliable.

Related to the rain – my dogs don’t enjoy going out in the rain, though they tolerate it more than past dogs I’ve owned.  I once had a dog that went over 24 hours without going to the bathroom (and didn’t relieve themselves in the house as a consequence)!  However, I’m convinced my current dogs tolerate the rain because the payoff – getting aggressively towel dried afterwards – is well worth it.   They wag their tails through the entire process!

 

 

 

 

 

 

Pic of the Day
Listing the home when the lavender is in bloom is a shrewd marketing strategy

 

Friday, February 16, 2024
11:40 a.m.
There are two new listings on the market:

 

1201 Gregory Street – $850,000

 

 

1225 S. Rice Road #60 – $279,000

 

 

 

Have a great weekend!  Here’s the list of things to do in Ojai.

 

 

 

Pic of the Day
When it turns out your cat is actually Wolverine

 

Thursday, February 15, 2024
11:30 a.m.
There are two new listings on the market:

329 S. Padre Juan Avenue – $979,000

 

 

12810 Treeranch Road – $1,610,000

 

 

 

 

Pic of the Day
When you close on your new house and discover your neighbor/engineer drives the 3:10 to Yuma

 

Wednesday, February 14, 2024
1:05 p.m.
There are no new listings for today.

 

 

 

 

Pic of the Day
Lycoming DEL-120 included with home purchase!

 

Tuesday, February 13, 2024
11:35 a.m.
There are two new listings on the market:

 

950 Woodland Avenue #84 – $239,000

 

 

ojai real estate

806 N. Montgomery Street – $1,700,000

 

 

 

Here’s a quick interest rate rundown:

 

 

30-yr fixed:  7.08%

15-yr fixed:  6.42%

30-yr Jumbo:  7.35%

30-yr FHA:  6.43%

30-yr VA:  6.45%

 

 

 

 

Pic of the Day
As I stepped inside the door of my date’s apartment, I instantly knew I’d made a mistake.

 

Friday, February 9, 2024
11:55 a.m.
There are two new listings on the market:

 

410 Stuart Court – $1,595,000

 

 

950 Woodland Avenue #17 – $345,000

 

 

 

Prior “coming soon” listings, now on the market:

 

 

Previously cancelled, withdrawn, or expired listings – back on the market as new:

 

 

 

Here’s the list of things to do in Ojai; enjoy your weekend!

 

 

 

Pic of the Day
By the time you get through all these buttons, you’ll both be out of the mood

 

Thursday, February 8, 2024
11:20 a.m.
There is a new listing on the market:

35 Catalina Drive – $665,000

 

 

 

Recently cancelled, withdrawn, or expired listings – back on the market as new:

 

 

 

Pic of the Day
Antartic toilet leak

 

Wednesday, February 7, 2024
12:10 p.m.
There is a new listing on the market:

 

73 Prospect Street – $675,000

 

 

 

 

 

Pic of the Day
Forced intimacy

 

Tuesday, February 6, 2024
12:40 p.m.
There are no new listings on the market.

 

Prior “coming soon” listings now on the market:

 

Recently cancelled, withdrawn, or expired listings – back on the market as new:

 

 

 

Pic of the Day
Located just down the street from the schmollege

 

Monday, February 5, 2024
12:30 p.m.
There are three new or “coming soon” listings on the market:

 

75 High Street – $959,000

 

 

1797 Foothill Road – $695,000

 

 

10923 Alto Court – $2,999,000 (coming soon, 2/6)

 

 

 

Recently cancelled, withdrawn, or expired listings – back on the market as new:

 

 

 

 

Santa Ana Creek leading into Lake Casitas, covering service road

 

 

According to my rainfall data, Lake Casitas is at its highest point in at least 10 years (since my data doesn’t go back further than than), but it may be more like 13 years.  The highest point it reached last year was 74.0% on 6/20/23, and we’re at 75.8% now.  Based on the flow I saw this morning into Lake Casitas from the diversion canal, as well as the Santa Ana Creek, I’d say we’ll see close to 80% lake capacity within the next few days.

 

 

 

Pic of the Day
Real estate truism

 

Friday, February 2, 2024
11:05 a.m.
There is one new listing on the market:

132 Don Felipe Way – $300,000

 

 

 

 

Recently cancelled, withdrawn, or expired listings – back on the market as new:

 

 

 

Here’s the list of things to do; have a great weekend and stay dry Ojai!

 

 

 

 

Pic of the Day
Strive for excellence my son, and some day you may follow in my footsteps

 

Thursday, February 1, 2024
11:40 a.m.
There are seven new or “coming soon” listings on the market:

1189 S. Rice Road – $920,000

 

 

1001 Creekside Way #D – $695,000

 

 

950 Woodland Avenue #111 – $320,000

 

 

1220 Foothill Road – $1,250,000

 

 

847-314 Oak Grove Court – $733,500

 

 

3630 Thacher Road – $2,595,000 (coming soon, 2/8)

 

 

4569 Grand Avenue – $3,150,000 (coming soon, 2/9)

 

 

 

Prior “coming soon” listings, now on the market:

 

 

We received almost 3 inches of rain last night, with another 8 inches or so predicted from today through next Friday.  If you can, take the break in the rain today and tomorrow to double-check your roof and gutters.  I always clean my gutters out prior to the rainy season, but you should also check for debris dams.  These are buildups that usually occur in the valleys of the roofs, and consist of leaves and dirt.  If you have a tile roof like mine, this could allow the water to build up and flow sideways and even upward – underneath the tiles.

 

 

A little tip for you:  There are several companies that make leaf blower attachments that allow you to clean the gutters without having to climb on the roof.  I use this regularly.  Another hint – wear a long-sleeve, hooded sweatshirt or something similar while using this tool – I guarantee you will get covered in dirt and leaves!

 

 

 

 

Pic of the Day

 

 

 

 

Click here for archived January, 2024 posts