Issue link: https://www.epageflip.net/i/10607
Monday, May 17, 2010 – Daily News – 3A Local Calendar To add an upcoming event in the Local Calendar, submit information well in advance to the Daily News, attention Calendar, P.O. Box 220, Red Bluff, 96080 or e-mail to clerk@redbluffdailynews.com.Include a contact name and telephone number. MONDAY,MAY 17 Red Bluff Al-Anon, 6 p.m., Presbyterian Church, Jefferson and Hickory Gastric Bypass Support Group, 6 p.m., St. Eliza- beth Community Hospital, Columba room, 529-3066 Head Injury Recreational Entity, 10 a.m., St. Eliz- abeth Community Hospital, Coyne Center, Rusty, 529- 2059 Key to Life, 6 p.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528-8066 North State Barrel Racers,5 p.m., Tehama District Fairground, Bull Sale Arena 526-4210 Red Bluff Community Band, 6:45-8:45 p.m., Red Bluff Community and Senior Center, 1500 S. Jackson St., 527-3486 Retired and Active Federal Employees, 11:30 a.m., Elks Lodge, call Karen at 585-2494 Salvation Army Writing Class, 9:30-11 a.m., 940 Walnut St., 527-8530 Sun Country Quilters Community Service Group, 9 a.m.to 3 p.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528-8066 Tehama County Military Family Support Group, 6 p.m., Green Barn, 529-1852 Corning Candidates Night,7 p.m., Veterans Memorial Hall, Solano Street Kirkwood School Board, 5 p.m., 2049 Kirkwood Road Narcotics Anonymous, 7 p.m., 815 First St., 385- 1169 or 566-5270, daily through Saturday, noon Mon- days, no meeting the third Wednesday Sewing group, 9 a.m., Family Resource Center, West and South streets, 824-7670 Spanish Adult Education, 5 p.m., Family Resource Center, West and South streets, 824-7670 Strategies for Success, Life Skill classes, 1:30 p.m., Family Resource Center, West and South streets, 824-7670 Los Molinos Senior Dance,7 p.m., Los Molinos Sr. Social Club, Los Molinos Senior Center, Josephine St. Gerber Gerber Elementary School Board,6 p.m., Gerber School, 23014 Chard Ave. Public Works Committee, 8:30 a.m., Tehama County Public Works Department, 9380 San Benito Ave. Flournoy Flournoy Elementary School Board, 6 p.m., 16850 Paskenta Road Richfield Richfield Neighborhood Watch/Town Hall meet- ing, 6:30 p.m., Richfield School gym, 824-3354 or 824-6260 TUESDAY,MAY 18 Red Bluff Bend School Board, 6:30 p.m., 22270 Bend Ferry Road City Council, 7 p.m. City Hall, 555 Washington St. Diabetic Education, 12:30 p.m. St.Elizabeth Com- munity Hospital, Columba Room, 529-8031 PAL Kickboxing, 4 p.m., 1450 Schwab St., 529- 8716 or 200-3950 Playtime Pals Playgroup, 9:30 a.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528- 8066 Red Bluff Rotary, noon, Elks Lodge Tehama County Board of Supervisors, 10 a.m., board chamber, 727 Oak St. Tehama County Patriots, 6 p.m., Trinity Landmark Missionary Church, 20920 Hampton Rhodes Drive Tehama County Resource Conservation Dis- trict, 8 a.m., USDA Service Center, 2 Sutter St., Suite D Tehama County Society For Crippled Children and Adults, noon, Elks Lodge Tehama District Fair board, 1 p.m., Tehama Room, Tehama District Fairground, 650 Antelope Blvd. Lotto numbers SACRAMENTO (AP) — The winning num- bers in Saturday evening’s drawing of the Cali- fornia Lottery’s ‘‘SuperLotto Plus’’ game were: 03-09-12-13-38, Mega Ball: 26 (three, nine, twelve, thirteen, thirty-eight; Mega Ball: twenty-six) Is it better to rent or to own a home? There used to be no doubt that buying a home was considered better than renting. Every- one, it seemed, from your wise parents to your friendly neighborhood banker advised that renting a home was tantamount to throwing your money away. Owning pro- vided a way to "put your money to work." Then home prices began to surge. Huge purchase prices and the requirement of at least 20 percent for a down payment squeezed lots of people out of the market. Wis- dom then suggested it was better to rent and invest that money you did- n't spend on a down payment and big monthly interest payments to your mortgage holder. Things changed again when "nothing-down" mortgages became the latest and greatest and lenders loosened the requirements to get home loans. Suddenly, anyone with a pulse and a signature could buy any home he wanted. Given the fact that homebuyers had the options of interest-only and adjustable-rate mortgages, renting a home became the expensive way to go. Now that home prices have dropped significantly in many areas and banks and home mortgage lenders are back to requiring bor- rowers to qualify for loans, is it bet- ter to buy or rent? A recent story in The New York Times set out to answer that question. Using some- thing called the "rent ratio," the writers con- cluded that if you stay in your home for seven years, buying is better. If you move around a lot, it's cheaper to rent. The methodology to reach this conclusion was extensive, but in summary it says that after seven years, the cost of buying drops off, resulting in an average savings of $759 per year over renting. Here's how the rent approach misses something really big, in my opinion. When you buy a home with a fixed-rate mortgage, those monthly payments do not go on forever. At the least, you should be done in 15 years, and at the most, you should be done in 30. By "done," I mean you pay off the mortgage. We're talking you have 100 percent equity. You own your home free and clear. Mary Hunt ratio works: Take the price of a home you are likely to buy. Divide the price by 20. Compare the result with the annual rent on a com- parable home. If the result is higher than the annual rent, renting is prob- ably a better deal. A quick example: $500,000 divided by 20 is $25,000. So if the annual rent you would pay is less than $25,000 (roughly $2,100 per month), there's a good chance you're better off renting. Though I understand the reasoning and math behind this kind of thinking and advice, the mathematical Everyday Cheapskate If you happen to move in that period of time, you simply carry the equity with you into the second or third home in the form of an ever-increasing down payment. Why do so many people miss this important feature of a home mort- gage, looking only at the monthly outlay? Paying off one's home mortgage means a rent-free retirement. Renting a home means renting forever. Mary Hunt is the founder of www.DebtProofLiving.com and author of 18 books, including her latest, "Can I Pay My Credit Card Bill With a Credit Card?" You can e-mail her at mary@everydaycheapskate.com, or write to Everyday Cheapskate, P.O. Box 2135, Paramount, CA 90723. Back to School Project gears up for 2010 The Back to School Project is an outreach to local underprivileged school-age children that provides a shopping day for qualifying children to purchase new shoes, clothing and backpacks. The project provides free haircuts for any school-age child in prepa- ration for the new school year 2-6 p.m. Aug. 15 at Red Bluff River Park. There will be live music, children’s games and free hot dogs provided by Cor- nerstone Community Bank. Applications will be accepted noon to 7 p.m. June 14-18 only, at Lariat Bowl, 365 S. Main St. in Red Bluff. Download and print applications from backtoschoolproject.com or call 529-4074 for more information. Businesses and indi- viduals can sponsor a child for $100 or make donations during the month of June at mini backpacks placed on counters of businesses throughout Tehama County. Mail tax deductable donations to Back to School Project c/o Tehama County Educa- tion Foundation, PO Box 292 Red Bluff, 96080. A pancake breakfast fundraiser is scheduled 8- 11 a.m. June 26 at Bethel Family Center, 625 Luther Road in Red Bluff. Breakfast of pancakes, eggs, fruit, juice and cof- fee is $5 and raffle prizes will be awarded. Program helps grads start out right The Independent Living Skills Program is holding it’s annual Adopt A Grad Program in June. In order to participate and help out a youth, you can look through the ILP Graduating Youth book at the front office of Northern Valley Catholic Social Service — 220 Sycamore St., Ste. 101, Red Bluff — and pick a youth to adopt as the youth exists the foster care system. Each foster youth graduating from high school has put together a wish list of things that the youth will need for liv- ing independently. You can take the list and help this youth get started with the future by buying the items off the list. There will be 9 youth ready to be adopted. New, wrapped gifts should be returned to NVCSS June 8-15. For most foster youth, these are the only items and help they receive while graduating and exiting foster care. Any and all assistance is appreciated. For more information, call Katie Fintel at 528-7952 or NVCSS- 528-8066. Destruction derby drivers sought A new and fun event at this year's Silver Dollar Fair will be a big championship Destruction Derby held May 31 at 3 p.m. in the main grand-stand arena. Produced by Dutch Holland Racing Promotions, the derby is open to anyone who wishes to par- ticipate. Entry forms and driver rules are available at the fair office, 2357 Fair St., in Chico. Those who wish to enter can also call the racing office at (707) 485- 8687 or go to the website www.dutchhollandracingpromo- Police reports The following infor- mation is compiled from Red Bluff Police Depart- ment, Tehama County Sheriff’s Department, Corning Police Depart- ment and California Highway Patrol. Arrests Chase Ryan Reifert, 21 and Sandra Lee Coul- ter, 21 were arrested by the TCSD in Tehama on suspicion of burglary and recieving known stolen property when deputies reportedly found the two in possesion of numerous license plates, stereos checks and other items missing from Stan’s Used Cars in Red Bluff. Bail was set at $65,000 each. Crash A vehicle reportedly hit a fire hydrant Friday afternoon at the corner of Park Avenue and Baker Road. Theft •A cell phone was reported stolen Friday night from Vineyard Christian Fellowship. •A laptop computre was reported stolen Fri- day afternoon from an unlocked vehicle at Train- or Park. •A stereo was reported stolen Friday morning on Franzel Road. •A floor jack, a green tool box with miscella- Gayle’s 100% Cotton Summer Sleep Wear at 649 Main Street Downtown Red Bluff COMPLETE AUTO REPAIR All makes and models. We perform dealer recommened 30K, 60K, 90K SERVICES AT LOWER PRICES Smog Check starting at $ (most cars and pick-ups) 2995 + cert. Pass or FREE retest 527-9841 • 195 S. Main St. Now Available Organic & Heirloom Spring Vegetable Plants 1 1/2 miles South of Red Bluff 12645 Hwy 99E (530) 529-2546 tions.net. There are five events total - with a $5,000 purse. Judges will decide which of the drivers are the most skilled and worthy of the winning prizes. Winners of the main event receive $2,000 first place, $900 sec- ond place, $600 third place and $300 for fourth place. There are other cash awards as well, and tro- phies for the winners. Any two-wheel drive cars are allowed; all glass must be removed, doors and trunks welded solid or chained. Other rules for derby dri- vers and spectators must be observed. If you have ever had a 'yen' to smash up an automobile, then this is the place to be as the derby dri- vers skillfully demolish each other's cars. Officials encourage plenty of ramming and smashing - aggres- siveness is a must! Those who want to participate in this 'inaugural' Derby should regis- ter soon. Those who want to watch the destruction, come early to get a good seat. neous tools and a stereo were reported stolen from an unlocked vehicle Fri- day morning on Ash- mount Avenue. The loss, not counting the stereo, is $115. •A bike was reported stolen Friday afternoon from Lariat Bowl. It was described as a BMX style 10 speed bike, white in color, and was valued at about $155. •A cell phone was reported stolen Monday afternoon from Gayle’s Tuxedo. •Solar lights were reported stolen Friday night from Johnson Street. •A registration tag was reported stolen Friday morning on Otis Court. Odd Big 5 employees reportedly tried to return a loose dog to a man Friday afternoon. The man responded by taking the dog and knocking a soda out of a female employ- ee’s hand.