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Realtor® takes steps to help find Alzheimer’s cure

by Joanne Foxxe

In 1901, Dr. Alois Alzheimer, a German psychiatrist and neurologist, examined a patient with a mystifying case of progressive memory loss. He determined that she had a pathological form of dementia—what we now know to be Alzheimer’s disease.
Today, Alzheimer’s is classified as a degenerative disease of the brain and the most common form of dementia (according to the Alzheimer’s Association, it accounts for 60 to 80 percent of all dementia cases). Symptoms develop gradually and worsen over time, eventually becoming so severe that they interfere with daily life. And while the majority of sufferers are 65 and older, it is not a disease reserved solely for the elderly. There are less common forms that appear earlier in adulthood; in fact, the Alzheimer’s Association says up to 5 percent of people with the disease have early onset Alzheimer’s, with many diagnosed in their 40s and 50s. An estimated 5.7 million Americans of all ages have Alzheimer’s, and tragically, the outlook is grim: The Centers for Disease Control and Prevention lists the disease as the nation’s sixth leading cause of death for adults (and the fifth leading cause of death for adults ages 65 years and older). While there are treatments that can temporarily delay the symptoms, there is currently no cure. That may change soon, though, as there is a vigorous effort underway to change the trajectory of the disease.

Joanne Foxxe of Kapalua Realty knows firsthand the destructive nature of Alzheimer’s: two people close to her are grappling with the disease. “If there was a cure now…it surely would give me peace of mind,” she said.
That’s why she took part in this year’s Walk to End Alzheimer’s, the world’s largest event to elevate awareness and raise funds for the Alzheimer’s Association and its mission-related initiatives of care, support and research. The Alzheimer’s Association has chapters nationwide (including the Alzheimer’s Association Aloha Chapter in Hawaii) and actively works to eliminate the disease through advancements in research. The nonprofit organization also aims to reduce the risk of dementia through the promotion of brain-healthy lifestyles, and facilitates workshops, support groups and one-on-one consultations for those diagnosed with Alzheimer’s and their caregivers.
As one of more than 600 events taking place across the country this fall, the Maui Walk to End Alzheimer’s was held on Saturday, Oct. 20. The two-mile walk started at the Boys & Girls Clubs Central Clubhouse in Wailuku and meandered through nearby Keopuolani Park. “It wasn’t a long walk—it was easy, with water and cheering along the way,” Foxxe said. “There was great participation by the schools, which was wonderful to see.” There was also live music and entertainment, an awards ceremony, and a “promise garden” filled with personalized forget-me-not flowers. Most importantly, all of the money raised at this year’s Walk to End Alzheimer’s will further the Alzheimer’s Association’s care, support and research efforts.
Foxxe encourages everyone to consider lacing up their sneakers next year. She’s already gearing up for the 2019 event. “Next year, I am committed to making the event even bigger,” she said. “I want to put my own team together and raise more money than I did this year.” (Foxxe was one of the top individual fundraisers for 2018 and was inducted into the Alzheimer Association’s exclusive Grand Champions Club.)
And if you do take part in next year’s event, every step you take will bring researchers closer to wiping out this terrible disease. “There are 28,000 Hawaii residents affected by this disease and 66,000 caregivers,” Foxxe said. “That’s why I’m motivated to find a cure.”
For more information about the Alzheimer’s Association Aloha Chapter, visit www.alz.org/hawaii or call 591-2771. There’s also a 24/7 helpline that gives callers immediate guidance, emotional support and crisis intervention: 1-800-272-3900. The 2018 walk may be over, but Foxxe is still collecting donations; you can send a check payable to the Alzheimer’s Association to: Joanne Foxxe, c/o Kapalua Realty, 700 Office Rd., Lahaina, HI 96761.


By Sarah Ruppenthal
The Maui News – November 3, 2018

Joanne Featured in the Maui News Regarding Alzheimer's Challenges

by Joanne Foxxe

Joanne Foxxe was featured in the Maui News today regarding the challenges and her response to Alzheimer's.

Full article coming soon...

 

 

11/3/18

 

 

 

Third Quarter Sales Data for Maui

by Joanne Foxxe

 


Here is the Third Quarter Sales Data for Maui in graphical format.

Data Courtesy of Realtors Association of Maui – RAM

 


 

 

Sales Data Infographics courtesy of Fidelity Title of Maui.

Sales Data Infographics courtesy of Fidelity Title of Maui.

 

Retirement Options - Rental Property

by Joanne Foxxe

 

Don't Pat Yourself on the Back Just Yet

 

   


You’ve got $500,000 in liquid assets for your retirement and you’re still 15 years away. All your bills are paid; you have a small mortgage on your home; cars are paid for and great credit. Don’t break your arm patting yourself on the back yet.

People think more about what they’re going to do when they retire than whether they’ll have the funds to do them. Ask anyone who has retired, it takes more money than you thought it did. Let’s look at a hypothetical situation.

To retire with $125,000 income in today’s dollars with a life expectancy of 25 years after retirement, you’ll need to have a net worth of $1.5 million at retirement including what Social Security may provide. Your $500,000 will grow to $1,045,420 in 15 years which will leave you about a half million short. You’ll need to save $24,149 each year for the next 15 years to reach your goal.

Is this surprising? Did you imagine that this example would be that far from its goal? It might seem staggering to save $24,000 each year but there is another way…investing in rentals.

Real estate over the long term has proven to be a solid, predictable investment.  Cash flows, appreciation, equity buildup and tax advantages are the components that contribute to the rate of return. Increasing rents, available financing and solid appreciation make rentals particularly attractive in today’s environment.

Call me at (808) 385-2918 to find out more about how rental homes can help you reach your retirement goals.

 

Weather and condos for sale

by Joanne Foxxe

It is a beautiful day on Maui. The sun is shining. The temperature is in the 70's , just beautiful. 

The island views today are amazing. You can view all of Molokai and all of Lanai. We have had a rainy weekend, so today is a crystal clear treat.  Our weather doesn't vary more than 10 degrees in either direction, which is predictable and lovely.

I drove up to the Ridge villas, of which I have 2 for sale right now. One is 2622, overlooking this fabulous view. It is a one bedroom, 2 bath town home style condo, with 2 lanai areas perfect for watching our gorgeous MAUI sunsets. This unit has never been rented and is easy to show on short notice. It is immaculate with Miele and Sub Zero applicances. $1.285. This can be rented short term upon purchase.

Right next door is Ridge villa 2614. This is a one level 2 bedroom, 3 full bath condo with the same amazing views. It was remodeled one year ago,and is a profitable vacation rental. $1.749.

I also have a selection of golf villas and bay villas for sale.

 

The condos range from $600,000 and up. We have golf course and ocean views available.

All of the condos are close to the Montage Kapalua Bay, and world famous Kapalua Beach.

 

Contact me for more detailed information.

 

 

 

joanne foxxe, kapalua realty co ltd, maui, hawaii, top 100 realtor 2016, 2017

Joanne is honored and humbled to receive this highest accomplishment. She moved to Maui in 2005 and started at Kapalua Realty in 2006. She moved from Santa Cruz County where she has been a Realtor since 1986 and CRS since 1989. She was the President of the Northern Ca CRS Chapter in 2005, then the Maui director since 2006.
Her focus is the Westside of Maui and more specifically the Kapalua Resort; however she does work all over the island by referral. Joanne is blessed to have a wonderful support team and clients.



 

JOANNE FOXXE
CRS, GRI,RSPS, #RS63115
Kapalua Realty
700 Office Road
Lahaina, Hi 96761
808-385-2918
www.joannefoxxe.com

 

Another great reason to own real estate

by Joanne Foxxe

Lower the Rate - Deduct the Interest

Credit card debt in America is back to levels prior to the recession. The average credit card APR is just under 16% according to CreditCards.com Weekly Credit Card Report.  

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Homeowners have an advantage over renters when it comes to getting their arms around debt issues.

 

Basic money management suggests that higher rate debt be replaced with lower rate debt. Credit cards, personal cars, boats, motor vehicles and other personal property, typically have interest rates higher than that of real estate loans.

Borrowing against a person’s home usually provides the lowest rate of financing. Refinancing a home mortgage to take cash out to retire personal debt is one option. Another would be to secure a home equity or HELOC, home equity line of credit.

An alternative advantage of borrowing against one’s home is that the interest may be tax deductible unlike the interest on most personal debt. Qualified mortgage interest includes acquisition debt which can only be used to buy, build or improve a principal residence and up to $100,000 of home equity debt which can be used for any purpose.

Managing money is a critical life skill that people need to master. While the goal may be to become debt-free, paying the least amount of interest possible can be a good first step. Owning a home provides an asset that allows for options not available to tenants. Seek professional advice to determine your best course of action.

 

Why a rental is a sound financial plan

by Joanne Foxxe

Rentals are IDEAL

Rental homes are the IDEAL investment because they offer a higher rate of return than other investments without the volatility of the stock market. With certificates of deposit and bonds at less than 2%, people need an alternative investment that they understand and with a reasonable amount of control.

In this case, IDEAL is an acronym identifying the advantages of rental properties.

Ideal Investment-2.png

 

  • Income from the monthly rent contributes to paying the expenses and a return on the investment.
  • Depreciation is a non-cash deduction that shelters income for some investors.
  • Equity buildup occurs with amortized mortgages because each payment is composed of interest owed and principal reduction to retire the loan by the end of the term.
  • Appreciation is achieved as the value of the property goes up.
  • Leverage can increase the return on investment by using borrowed funds to control a larger asset.

These individual benefits working together make rental real estate a good investment for today’s economy. Increased rents, high rental demand, good values and low, non-owner occupied mortgage rates contribute to positive cash flows and very favorable rates of return.  

To find out more about how rentals might complement your current investment plans, contact your real estate professional.

 

New/Old Loan Options

by Joanne Foxxe
 

Save the Cost of Mortgage Insurance

During the banking crisis in the Great Recession, certain types of mortgages were unavailable that are once again being offered. Fortunately, the 80-10-10 mortgage is one of those making a reappearance and it can save borrowers a considerable amount of money. 

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The objective of an 80-10-10 mortgage is to avoid the expense of mortgage insurance for buyers wanting a 90% loan. A buyer can obtain an 80% first mortgage and a 10% second mortgage with a 10% down payment and not be required to have private mortgage insurance. 

For example, a buyer could put $30,000 down on a home priced at $300,000 and get an 80% first mortgage without mortgage insurance. The borrower could get a second mortgage, either through the same lender or a third party.

In the example, the 80-10-10 would save a buyer $193.71 per month which can be a considerable amount of money over a ten-year period. The interest rate on the second loan will be higher than the first because there is more risk. 

Helping buyers make better choices is a valuable service real estate professionals can provide. Having the right tools and information can make the decisions easier to understand. Using an 80-10-10 calculator, you can see what the savings might be for your situation.

MARCH MONDAY

by Joanne Foxxe

 

What a beautiful MONDAY on MAUI! The sky is blue. Our treasured tradewinds are blowing.

We are getting new neighbors here at Kapalua Realty. Napili Florist is moving in!!! Just in time for Easter.

We are excited to have a new neighbor. The flowers are so beautiful. 

I can't believe it is almost April!!  The market here at the resort is plugging along. We are seeing buyers purchasing at great pricing. If you are here at eh resort, we have properties for sale in every development. You would not know, as the resort does not allow signage.

 

PLEASE feel free to stop in or of course email me for more information regarding any property.

 

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Joanne Foxxe
Kapalua Realty
700 Office Road
Lahaina HI 96761
(808)665-3761