Issue link: https://www.epageflip.net/i/27432
Friday, March 18, 2011 – 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. FRIDAY,MARCH 18 Red Bluff and Hickory Al-Anon, 6-7 p.m., Presbyterian Church, Jefferson Celebrate Recovery, 6:15 p.m., Vineyard Christian Fellowship, 738 Walnut St. 527-2449 Knit for Kids, 9:15 to noon, Presbyterian Church, 838 Jefferson St., 527-0372 Red Bluff Jr. Round-Up Scholarship Banquet, 5 p.m., dinner at 6 p.m., $12 adults, $7 children 12 and younger, 527-8966 Reeds Creek School Board, 1:30 p.m., 18335 Johnson Road, library Corning Huntington’s Disease Support Group, 6:30 p.m., Rec Room at Tehama Village Apartments, 651 Toomes Avenue, 736-0484 SATURDAY,MARCH 19 Red Bluff BMX racing, 5:30 p.m., Red Rock BMX Track, Tehama District Fairground, $10 Weight Watchers meeting, 8:30 a.m., weigh-in starts half-hour before meetings, 485 Antelope Blvd., #N, next to Bud’s Jolly Kone, 1-800-651-6000 Los Molinos Senior Dance,7 p.m., Los Molinos Sr. Social Club, Senior Center, Josephine St. Manton Destination Tehama Wine Bus, 10:30 a.m. Fron- tier Village parking lot, buses leave at 11 a.m., dinner at Manton Grange, sold out SUNDAY,MARCH 20 Red Bluff Goldie’s Dinner: Red Bluff Community Center Auxiliary, noon to 2:30 p.m., Red Bluff Community Center, 1500 S. Jackson St., $8 adults, children 9 and younger half price WHEEPicnic and Prayer Circle, 4:20 p.m., 22116 Riverside Avenue Corning Evangelist services, 7 p.m., Family Bible Church, 609 Marin St., 824-9989 MONDAY,MARCH 21 Red Bluff Bend School Board, 4:30 p.m., 22270 Bend Ferry Road 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 Line Dancing for Beginners, 9:15 a.m. to 10:15 a.m., 1500 South Jackson St., Free, 527-8177 Masterworks Chorale Rehearsal, 6:45 p.m. to 8 p.m., Red Bluff Presbyterian Church, 838 Jefferson St., 527-4203 Red Bluff Community Band, 6:45-8:45 p.m., Presbyterian Church, 838 Jefferson St. ,527-3486 Retired and Active Federal Employees, 11:30 a.m., Veteran’s Memorial Hall, 735 Oak St., call Karen at 585-2494 Salvation Army Writing Class, 9:30 to 11:30 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 TeenScreen Mental Health Appointments, 10 a.m. to 2 p.m., free, by appointment only, Youth Empowerment Services, 1900 Walnut St., 527-8491, Ext. 3012 Tehama County Military Family Support Group, 6 p.m., 5 Chestnut Ave., 529-2416. Corning Corning Alcoholics Anonymous, noon Monday through Friday, 5 p.m.Thursday, 7 p.m. Monday, Tues- day and Saturday and 1 p.m. Sunday, 783 Solano St., behind the Church. Kirkwood School Board, 5 p.m., 2049 Kirkwood Road Narcotics Anonymous, 7 p.m., 815 First St., 824- 1114 or 586-0245, 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 Cottonwood Cottonwood Garden Club, 10 a.m., 20595 Gas Point Road, potluck lunch to follow, 347-1281 or 347- 3852 Asian Massage $ 30 min. massage reg. $40 GRAND OPENING 5.00 off 1 hr. massage reg. $60 $10.00 off Offer good thru April 30th 333 S. Main St. Suite G Red Bluff • 530-710-5940 Buy a new home? Not until you sell Q: I have a fixed-rate mortgage at 5.99 percent that doesn't have to be refinanced until 2016. I know I will want to move to a more suit- able place before then, but if I sell now at current low prices, I will have very little equity left to put down on a new condo. If I stay here, I will have to spend money on a new furnace and other repairs. I've seen nice places at low prices, but I can't afford to own two condos, and I don't want to rent this one out. So, would I be financially better off to sell at a loss and buy something else at a bargain -- or stick with this place until prices rebound? A: Your question accurately describes the entire real estate mar- ket -- which is nearly at a halt, except for those buyers who have cash and don't have a home to sell before they buy. The problems of those who are being foreclosed or forced to sell have affected millions of other Americans who are now stuck in place because the entire housing market has slowed to less than a crawl. You don't need to refinance, because your current rate is reason- able. And you're not being forced to sell. But the choice of where you will live now, and as you age, is being taken away from you by the market. (I'm guessing that the word "suitable" means you would choose a different place or neighborhood for later years -- if you could.) This logjam of real estate wait- ing to be sold is depressing the cur- rent market, along with the foreclo- sures that are tied up in the banking system. Nothing is really moving. The only people who can buy are those who have cash -- and no home to sell as a pre-condition to their purchase. Even they are having trouble get- ting their bids for foreclosed homes approved by the financial institutions that own the properties. Meanwhile, those who would like to buy the properties that are now listed at tempting low prices realize they must sell their own homes first. How will it end? At the moment, there is no end in sight. It's a distinct possibility that even if the economy recovers somewhat, and even if interest rates remain low, the lack of jobs could keep demand from push- ing prices higher. Meanwhile the supply of "wish I could sell" con- tinues to grow, even though the homes are not yet listed. Terry Savage The Savage Truth on Money cash who are sitting on the sidelines to buy now -- or to buy a new home before the old one is sold. But infla- tion would also bring higher mort- gage rates. Which brings me back to your question. A new generation has learned the lesson of the early 1980s: Real estate prices don't always go up, and real estate is not a "liq- uid" market. Home prices will rebound in the future. But we have no idea how long that will take. In the meantime, there is no way that you, or any ordinary homeowner, should take the risk of owning two proper- ties, unless you can cover the taxes, heating, insurance, etc., for at least two or three years. You should list your current condo for sale -- and hope that someone with cash (or very good credit) and no house to sell first comes along to make an offer. Then, and only then, can you make the decisions about the next home to buy. It's an old Savage Truth: Don't go shopping if you don't have the money! There is another possibility. There is a chance that inflation could break out -- triggered by ris- ing commodity prices and fueled by the billions of dollars in liquidity created by the Fed, and now sitting on the books of the banks and other institutions. A rising tide of infla- tion could encourage those with The public is invited to attend a Dedication Cele- bration for the newly constructed Veterans Memori- al Chapel at the Northern California Veterans Ceme- tery in lgo, starting at 11 a.m. Saturday. The chapel has been a labor of love for retired state Senator and former California Secretary of Veterans Affairs K. Maurice Johannessen and his wife, Marianne. “The chapel turned out more beautiful than I even imagined it, and I am very grateful for the support of so many in the North State to help us build this much needed facility,” Johannessen said. This chapel will provide needed shelter from the cold and rain of winter and the heat of summer dur- ing outdoor services at the Veterans Cemetery. The 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 • Jesse Dale Molarius, 18, of Red Bluff was arrested Tuesday at a Valero gas station near Belle Mille Road. He was arrested after a report of a shoplifter seen taking items from the station store just before 7 p.m. He was charged with felony commercial bur- glary. Bail was set at $10,000. • Kari April Beatty, 28, of Red Bluff was arrested Wednesday at the Tehama County Jail. Beatty, also known as Kari Hatfield, was charged with failures to appear on misde- meanor and felony charges, theft from an elderly/dependant adult of more than $400, and grand theft of four or more account cards. Bail was set at $160,000. • Maria Elena Valen- cia-Sanchez, 45, of Cot- tonwood was arrested Wednesday at the Tehama County Jail. She was charged with possession of marijuana for sale. Bail was set at $25,000. • Joseph Patrick Fle- harty, 21, of Red Bluff was arrested Wednesday after sheriff’s extradition from Montana. He was charged with driving under the influence with a blood alcohol level higher than .08 percent while causing bodily injury to another, probation viola- tion with a rearrest and driving under the influ- ence with a blood alcohol higher than .08 percent. Bail was set at $2,500. Animals • A resident in the 22200 block of Liberal Avenue in Corning reported Wednesday that a neighbor’s two rot- tweiler dogs were run- ning loose and aggres- sive. The man said the dogs tried to attack his wife and he had been bit- ten in the past by one of the dogs. Sheriff’s deputies were unable to contact the dog owner who had already been contacted by the Corning police about the dogs. BAXTER BLACK Cowboy Humorist April 11th - 7pm State Theatre 333 Oak St. $50 VIP • $ • $ 30 Premium 25 General Tickets available @ The Loft, Sparrow’s Antiques, Red Bluff Chamber & Farmer’s Insurance 527-3092 for info. Terry Savage is a registered investment adviser and is on the board of the Chicago Mercantile Exchange. She can be reached at www.terrysavage.com. She is the author of the new book, "The New Savage Number: How Much Money Do You Really Need to Retire?" Chapel dedication Saturday at veterans cemetery chapel is designed to seat 125 people for final mili- tary honors and memorial services for veterans and their spouses. The Dedication on Satarday Marth 19 will fea- ture an Missing in America Project Memorial Ser- vice for 25 veterans. The Shasta County Interfaith group, SCIF, as well as a representative from the Wintu Nation, will take part in the service, in recog- nition of the non-denominational design of the new chapel. The chapel will be open to the public for viewing at the conclusion of the Missing in America Project Memorial Service. For more information contact Maurice Johan- nessen at 241-7500. • Two dogs were reportedly chasing cattle Wednesday in the 10600 block of Rawson Road. A notice was left for the dog owners. Theft • A blue 2000 Nissan Altima, lic. no. B438ML of Utah, was stolen Wednesday from the Red- ding area. Collision • A blue 2008 Toyota sedan and a 2005 Chrysler minivan collided at 11:15 a.m. Wednesday on the northbound on- ramp of Interstate 5 near South Main Street. Med- ical personnel were called in for minor injuries. No further information was available. • A non-injury crash was reported just after 4 p.m. Wednesday in the 300 block of South Jack- son Street between a white 1991 Toyota Corol- la and a white 2003 Sat- urn Vue. K W I K K U T S Family Hair Salon 1064 South Main St., Red Bluff • 529-3540 with coupon $200 REGULAR HAIRCUT off Not good with other offers Reg. $13.95 Expires 3/31/11 Violence • A man reported that he had been chased by another man with a knife just before 5 p.m. near Douglass and Lincoln streets. The assailant then allegedly tried to run the man over. A report of the incident was taken. Hit and run • A hit and run colli- sion involving an unknown driver in a Ford pickup took place at 9:50 p.m. Wednesday on South Avenue, west of the Sacramento River. Christ- ian McCrory, 35, of Red- ding was driving west on South Avenue at 55 mph. The unknown driver was going east on South Avenue, approaching McCrory, when for unknown reasons the dri- ver veered into the west- bound lane where the front of their vehicle hit the left side mirror of McCrory’s Honda before the driver continued on. BOOK BARN Used Books Tues-Fri 10-5 Sat 10-2 Serving Tehama County since 1994 619 Oak St., Red Bluff (530) 528-2665 Mill Creek Cafe Anniversary Celebration Friday, Saturday & Sunday DINNER SPECIAL Prime Rib, New York Steak or Surf & Turf $25.99 ea or $ 48.99 per couple includes Salad, Bread, 2 sides, Drink & Dessert 8051 Hwy 99E • 384-1031 “Cafe by day, Steakhouse by night”