President's Time
August
18,2012: Veterans Bingo from 1-3 PM.
August
20, 2012: Foundation and Board Meetings at John Martin’s at 5 PM.
August 24, 2012: Social
at CRAVE, Village of Merrick Park 5:30 until 7:30
August 25, 2012 District
Membership Development Meeting, 8:30 AM. Check the calendar on www.ri6990.org
and register there.
August 31, 2012: First Fifth Friday at Snow’s Jewelers, 6 until 8PM, $10.
September 15,
Coastal Cleanup at Matheson Hammock, 9am-12 noon.
President Walter reminded us that all these events count as make-ups.
Inbound Rotary Youth Exchange Students
Sally B introduced us our Rotary Youth Exchange Student, Mailys Ooghe from France together with another
inbound exchange student, Giulia, from Italy. Both girls always wanted to come to the
States and they thanked Rotary and our Club for making their dreams come true. Mailys is staying with Aminta & George
Clinton, the parents of our outbound student, Ashley. Giulia is also staying with them temporarily until RYE Florida secures a cat-free home for her stay!
Happy Birthday
Elizabeth
Silverman August 22
Rotary Anniversaries
Judy
Pantoja 5years
Elizabeth
Silverman 7 Years
Perfect Attendance
A standing ovation was given to Jack Witty for his 52 years of Perfect Attendance. Congratulations, Jack!
Coral Gables Employee of the Month
Nichole M. Somarriba from
The Fire Department was the Employee of the Month for August. Her Boss, Division Chief of Operations, David
Martin, described Nichole as a very conscientious and responsible employee
Visitors and Guests
Abe Horowitz introduced our Guests today: Ana
Fournaris had three guests: her daughter Nicole, her granddaughter Danielle and
Andrew Alonge. Joe Lancaster brought his
daughter, Julia. J. Guarch came to
Rotary with Fernando Arau. Sally’s guests were the two exchange students plus
George Clinton and his son J.P.
Happy Dollars
Ed Morris replaced Randy today. He was happy because coming to Rotary is the best
part of his week. He thinks the Rotarygram is great. Chris Morrison was victim
of an internet scam and many Rotarians received requests to send him money in
Spain. It took him three hours to change
his password. He still thinks we can
send him funds! Greg Martini is very
happy that his son, Alexander, who is going to be 18 years old, made Eagle
Scout. Greg thanked Fred and Don for
their help. George Reeves pointed out to
Chris (who always vaunts the accomplishments of Stanford) that USC had
more Olympic gold medals than any other university. Dick Golden told one of his not-so-good-jokes. Ana Fournaris was happy to be leading
Retention for the Club and was able to get members to re-join . J. Guarch’s
daughter writes for the Greater Miami Visitors Bureau and knows where the ten best
drinking bars are in Miami. Carol Brock's father turned 90 years old and is
celebrating a successful triple by-pass. He also received an honorary degree. Yoli Woodbridge is very happy because Fred finally had his hip
operation. Dan Scipione gave informative
tips on spoofing e-mails. He is happy to
be here today.
Our Speakers Today
Our speakers today were our very own members, Tom Dixon, Ana Fournaris, Greg Martini and
Chris Morrison. They spoke, as our resident experts, about the trends in the local commercial and residential real estate market.
Ana Fournaris
underscored Miami’s
ranking as number two in the housing market recovery. Prices in Miami have appreciated faster than
anticipated, and Forbes ranked in the top ten “Most Sizzling Real Estate
Markets”. In Miami, it takes only 1.6 years for a real
estate investment to be profitable.
This
is one of the reasons the Miami
market is the 3rd strongest recovering luxury market worldwide, with
prices up 19.1%.
Tom Dixon
spoke about the commercial real estate market.
He noted that overall industrial market in the South Florida ares is
reported to be stronger than other US markets as a result f the effect
of international trade. However,
Miami-Dade is now a divided county, with strong demand for newer high quality
properties and weak to no demand for older functionally obsolete buildings in
all markets.
Greg Martini
gave members his observation on local real estate conditions from the
standpoint of a practicing real estate attorney. Greg summarized things as follows: the volume of sale is up but the values are
down.
Finally, Chris
Morrison as a mortgage broker reminded us that the stronger the financials, the
larger the loan amount and the lower the rate.
He warned everyone that lenders adapt their rates to local conditions. You may see rates in the low 3’s on TV, but
not be able to get those rates in your home town. Also, one must be aware of closing points,
origination fees, and prepaid finance charges due at closing. These items can greatly increase closing costs.
The speakers
left documentation on the tables for attendees.
Hopefully, these talks will have sharpened everyone’s real estate saavy!
Working Rotarians –August 16, 2012
Greeter - Deena
Bell
Registration - Aaron
Glasser
Collections - Lorraine
Sheldon
Head
Table - Yoli
Woodbridge
Open
the Meeting - Jack
Witty
Invocation - Dick Bullman
Pledge - Andrea
Stone
Singers - Bill
Q,
Introduction
of Visitors/Guests - Abe
Horowitz
Pin
Drawing Donated by - Gloria
Burns/Sally B
Pin Drawing Winners - Greg
Martini/Yoli W.
50/50
Raffle - Gloria
Burns
Winner - Julia
Lancaster
Four Way Test - Sally
B
Next Week’s Program:
August 23, 2012: Alberto Carvalho: Superintendent’s Report on Miami-Dade County
Public Schools. Mr. Carvahlo also will be accepting his honorary Rotary
Membership.
Thought of the Week
by Lan Nghiem-Phu
"Truth, like light, blinds. Falsehood, on
the contrary, is a beautiful twilight that enhances every object. "
Albert
Camus
Fellowship
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