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Date Archives: October 2016

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October
28

The Cottage Grove Area Chamber of Commerce and Werner Electric Supply hosted a forum for local candidates to interact with business leaders and share details about themselves and their values.

Watch here:

October
27

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the way up to 53.2% less expensive in Miami & West Palm Beach (FL), and 37.7% nationwide!

 

Other interesting findings in the report include:

  • Interest rates have remained low, and even though home prices have appreciated around the country, they haven't greatly outpaced rental appreciation.
  • Home prices would have to appreciate by a range of over 23% in Honolulu (HI), up to over 45% in Ventura County (CA), to reach the tipping point of renting being less expensive than buying.
  • Nationally, rates would have to reach 9.1%, a 145% increase over today's average of 3.7%, for renting to be cheaper than buying. Rates haven't been that high since January of 1995, according to Freddie Mac.

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, meet with a local real estate professional who can help you find your dream home.

October
5

The Canadian Pacific Holiday Train returns to the communities of Cottage Grove, Newport and St. Paul Park on the evening of Friday, December 9, 2016.  The brightly lit train will arrive at approximately 6 p.m. with a trainload of fun and entertainment.  All cash and donations of personal care items collected at the "Cottage Grove Stop" go directly to our local Friends in Need Food Shelf; serving the residents of Cottage Grove, Grey Cloud Island, Newport and St. Paul Park. 

The Holiday Train is truly a gift to our communities.  Last year our communities raised an astounding $79,880.81 and collected approximately 13,000 pounds of toiletries, food and toys for our local Friends in Need Food Shelf.  In the past thirteen years the Holiday Train event in Cottage Grove has raised over $846,964 for our local food shelf!  The goal is to raise $90,000 this year.  

Cottage Grove, Newport and St. Paul Park area residents are not waiting until the arrival of the Canadian Pacific Holiday Train on Friday, December 9th to start reaching out to the community to raise awareness and funds for our local Friends in Need Food Shelf.  Pre-stop fund raising includes: 

  • Selling Holiday Loaves specially baked by SuperMom's in St. Paul Park, at area churches
  • New this year: A Spaghetti Dinner at The American Legion in St. Paul Park on Saturday, November 19th from noon to 6 p.m., sponsored by our local Lions Clubs and Thrivent Financial
  • Bagging groceries at Cub Foods in Cottage Grove on Sunday, November 20th
  • "10 Days of Giving" at local schools sponsored by Merchants Bank with assistance from Werner Electric Supply, Edwards Plumbing, the City of Cottage Grove and South Washington Schools.
  • The sale of "Train Cut-Outs" at local businesses, sponsored by Anchor Bank

The Cottage Grove Area Chamber of Commerce, the City of Cottage Grove, the City of Newport and the City of St. Paul Park are hosting this event in conjunction with many local volunteers, local businesses and community leaders.  Cash is the preferred donation but the need is also great for personal care items such as bar soap, shampoo, deodorant, toothbrushes, dish soap, toilet paper, paper towels or diapers. 

If you are unable to attend the event and would still like to donate to the Friends in Need Food Shelf, please send checks payable to the Friends in Need Food Shelf, noting "Holiday Train" in the memo line. Checks can be sent to the Friends in Need Food Shelf, P.O. Box 6, Cottage Grove, MN 55016.

Visit: http://www.finfood.org/holiday-train.html for more information and details on sponsorship levels.