Whoever said that your house is your single biggest investment must not have been thinking of hedge fund managers or corporate CEOs or the top 1 percent of the American population. But for most of us the family dwelling unit does indeed represent a cornerstone of our financial foundation — an asset that can help pay college tuition, finance a business endeavor, and augment Social Security and retirement plans (in addition to sheltering the recliner, remote, and six-pack of beer).
That’s why we at U.S. 1 periodically look at the residential real estate market through the lens of another real estate adage — location, location, location. Last year we examined the houses in Princeton that enjoy a view of Carnegie Lake (U.S. 1, October 6, 2010, easily accessible in the archives section at www.princetoninfo.com). In the November 17 issue we checked out Bordentown City. And now we cross the Delaware to visit Yardley, PA.
What’s next? We have a few residential enclaves in mind. But we also welcome recommendations from our readers. If you know about — or are curious about — a particular neighborhood within a manageable commute of the greater Princeton business community, send an E-mail to email@example.com.
Our selection of a particular neighborhood, of course, should not be construed as an endorsement. Every neighborhood has its tradeoffs, and every homeowner has a different set of priorities. We try to provide some background to inform your decision.
#b#To the Editor: Benefit Nets $5K#/b#
Thank you for letting your readers know about the African Soiree on March 12, the benefit for the United Front Against Riverblindness — the disease that takes two lives: the life of the adult who goes blind, and the life of the child who must leave school to care for the adult.
Your article helped to attract a “full house.” The $5,000 proceeds from the dinner and silent auction will pay for distributing Mectizan, the drug for riverblindness provided free by Merck, to about 8,620 people in the Democratic Republic of Congo this year. The treatment protects people from acquiring the disease or prevents them from transmitting it to someone else, in addition to stopping the progression of the disease to blindness.
Special thanks also go to the Princeton Theological Seminary for hosting the benefit, to Aramark, which offered as in-kind contributions the table settings, china and serving dishes, and all cleaning afterwards, and to the three dancers from Mt. Pisgah AME church who shared their impressive talents. We look forward to our second annual May Day 5K Race, on Saturday, May 7, at the seminary (www.riverblindness.org).
Dr. Daniel L. Shungu
Executive Director, UFAR