Friday, August 16, 2013

Julyamsh 2013

Dressed in the the regalia of his family or tribe a participant in the Julyamsh pow wow dances at the Post Falls Greyhound Park.- Bartholdt

POST FALLS —Julyamsh is an annual tribal gathering in Post Falls, Idaho comprised of dancing, singing and celebrating. The Coeur d’Alene Tribe plays host to the celebration in which individual tribal members and families from throughout the Northwest participate.

“Pow wow is a contemporary word used to describe what was once called a victory dance. If you can imagine the area where the dancers are dancing, the crowd, the Master of Ceremonies – everyone is gathered together – all of these things symbolize the opening of the first dance, the return of the warriors from the war trail or a raid of neighboring tribes to get horses, or a successful hunting party.
The grand entry can be described as an announcement of the warriors or a part of the tribe's homecoming. The warriors would change into their finest clothing a few miles from the main camp. A serpentine ride in the form of a snake down a hill and onto flat ground would complete the journey into camp. As they made their way to camp, the snake dance song would be presented and a victory song would be sung – thus the grand entry.
It symbolizes the warriors coming home, arriving at the camp and into the area where a social dance would be held to welcome them and celebrate their successful ride. The riders would return displaying their finery and the things they gained on their trail.” – Coeur d’Alene Tribe website

Using home equity to buy income property

As home prices rise nationwide and interest rates remain lower than average it seems like a good time leverage your finances and make a real estate investment.
After all, history tells us that property values will eventually be near the top of a 15-year cycle and interest rates probably won’t stay this low forever.
So, what’s the best way to purchase an investment property with the finances at hand?
Traditional methods include financing the purchase with a mortgage, one that takes advantage of low rates and incentives, or selling stocks and bonds.
Most money gurus will say to stay away from retirement accounts: Don’t take out a loan from a 401K, or cash in a portion of an IRA.
There’s another way to get that money you need to buy an income-making property, and with home values rising, securing a home equity loan may be the safest way to get your hands on the cash you need for a second property.
Equity is the difference in what a homeowner owes and their house say, and the home’s current value. So, if you owe $100,000 and your home is worth $200,000 you have $100,000 in equity.
 A home equity loan, or home equity line of credit can position you to take advantage of low interest rates and low home prices.
Lenders often give better terms to buyers tapping their home's equity to pay for a second home because they have a lot on the line. Buyers using their primary home's equity will work harder to pay off the loan and are less prone to miss payments. In addition borrowing with a home equity loan costs less.
There are risks, however, said Greg McBride, a senior financial analyst for
By tapping your home's equity you'll be increasing your monthly mortgage payments and increasing the risk of losing your primary home to foreclosure.
Also, by buying another home you're tying up a lot of your money into one type of asset, McBride told CNN Money.

 "You're putting a lot of eggs in the real estate basket. Wise portfolio management says that's not prudent," he said.

-Ralph Bartholdt