Fremont, CA

Every school day, I arrive at Parkmont Elementary School at 8:20am, and I return at 2:35pm to pick up my kids--except on Wednesdays. On Wednesdays, I have to return at 1:15 to pick them up. What happens on Wednesday? Wednesday at 1:15 is "prep time."

Prep time is a time when teachers can get caught up on lesson plans, copies, and run ditto machine jobs (mimeographs--the white paper copies with bluish-purple ink that smells like glue). They do these jobs and all sorts of other tasks too during this prep time.

Prep time was not done last year--at Parkmont Elementary that is. Glenmoor Elementary, off of Mattos in Fremont, had prep time last year and the year before.

So, what happened? Well, budget cuts happened. Parkmont Elementary School is challenged just like all the other California schools. They have to restructure school hours to allow prep time where they did not have to before. For example, before this year, Parkmont had Science Lab, full PE and Computer Lab. During certain times of the day, a few grade classes would send their kids to "Labs." After that particular grade class was emptied out and the kids were in the lab, that teacher with the now empty class could then do their prep time. However, now those labs do not exist because of the CA education budget cuts, so the school lets all kids out at 1:15 on Wednesdays in order to free up time for the teachers to ditto off the next weeks assignments and the like.

First of all, how does that effect Fremont CA home prices. And, second, how does it effect my job as a Fremont CA real estate broker? Home prices will recover. I am confident in that. They already started. And second, since I am the one doing the drop off and pick up, it only means my days are a bit more jumbled than last year. But I have to tell you. I would not have it any other way. Long story short. I used to be a UPS driver in Fremont. With that job, I would only see my kids on weekends. That would not do for me. That is another blog post in it of itself.
Parkmont will more than survive. It has a great PTA and a parent volunteer group and many extra curriculum activities were not cut because of parent involvement. When the going gets tough, the Parkmont Panthers PTA get going. Grrr.

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In the state of California you can apply for two different tax credits one from the state Gov. and one from the Federal Gov.

The federal Gov. is giving a tax credit in the amount of 10% of the sale price or 8000.00 which ever is less.

The state of California is giving a tax credit in the amount of 5% of the sale price or 10,000.00 which ever is less.

Neither is a loan nor does it have to be repaid.

What's the catch, you ask? Well the federal tax credit has a limit on the income amount on the buyer can earn 75,000 for a single taxpayers and 150,000 for married taxpayers. Also, they must be first time buyers and purchase the home between 01/01/2009 and 12/01/2009

The state tax credit does not have a limit on your income, but it does require you to be purchasing a newly built home, between 03/01/2009 and 03/01/2010. the credit is not a loan as long as the home remains your primary residence for two years.

Home buyers can tap both programs and get a possible 18,000 tax credit, but time is running out to cash in on the opportunity. California set aside 100 million for the program and it is depleting faster than expected. Also the end of the federal program (12/01/2009) is fast approaching. Home buyers who don't act now could end up out of luck.....

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