Bulletins - 2008 - 08/06/2008

This Week's Bulletin Was Written By Lynn LaBreche Hamilton

THIS WEEK’S MEETING

Meeting of “The Best Rotary club in the District” was proudly  called to order by Mel Gallegos at 7:30 a.m.  The invocation was given by Paul Downey. of the monthly.  After the pledge allegiance, Linda Jalving, led us in a group song of “Oh What a Beautiful Morning!”

SGT. AT ARMS

Paul Marsh was his charming self and awarded two dinner certificates. George Mullen was recognized for his fine job as speaker chair for two years.

GUESTS

We had a handful of visitors this morning. 

ANNOUNCEMENTS

• October 24: Holes for Heroes is looking for sponsors and players.
• Jeff Hogue is doing better following second angiogram.
• August 12: San Diego Youth Symphony at District Council meeting at CA Center for the Arts in Escondido.
• August 14: Rotary baseball game-check District website for tickets.

THIS WEEK'S PROGRAM

Karny Stefan introduced Jeff Olsen, Chief of Assessement Services at the City of San Diego. Jeff gave us key information about the real estate market from his perspective. Specifically, Notices of Default, the first step in the foreclosure process, are down the past two months and the Price Income Ratio or “affordability index” is at 5:6% which signals that we are at or near the bottom of the market. He predicts a “leveling out” of the market and then a “U-shape recovery”..going up “gang busters” (there was a silent hurrah among the several real estate agents in the room).

Jeff touched on key facets of the tax code which are of great benefit to property owners in San Diego which are fully explained in the brochures he left behind or can be obtained by calling his office: 619-236-3771.

The meeting was adjourned promptly at 8:30 a.m.