Owning and operating a restaurant is not the easiest of endeavors.
Carlos Weir and his wife, Erika, have accepted the challenge of running not one but two local restaurants. The first, Las Chabelas, opened in Brawley on Main Street in 2003 with only four tables, two booths and three employees. The second restaurant is The Courtroom Bourbons and Grill in El Centro, which opened in 2014.
Carlos Weir is native Californian who grew up in the greater Los Angeles area and moved to Imperial Valley more than 30 years ago. Erika Weir is a native of Imperial Valley.
When the couple decided to operate a restaurant, they knew the risk. Although the closure rate for restaurants in the first year is reported as high as 90 percent, the real number over the past 20 years is closer to 17 percent. This is actually a lower failure rate than other service-providing businesses, where 19 percent fail in the first year.
By Ashley Stieb | Guest columnist Apr 4, 2021
Apr 4, 2021
As a millennial, buying a home is already hard enough. Trying to save up enough money for an average 6% down payment, trying to determine how much home we can afford, trying to find the time to house hunt, and battling debt to income ratio.
Now we are dealing with a sellerâs market with some of the lowest interest rates we have seen in years and a pandemic. Many of my fellow millennials are trying to take advantage of these low rates, but it has been a bumpy ride for a lot of us. Throughout this article I will recount my personal experience buying a home as well as the experiences of others in my generation in the past year.
Apr 4, 2021
Pictured is a lot that recently sold in Norman. Thirty year mortgage rates are on the rise. Kyle Phillips / The Transcript
The rate for a 30-year mortgage is increasing to the highest level since June, but that doesnât seem to be slowing the market in Norman, according to local experts.
According to weekly data released by federally chartered home loan mortgage corporation Freddie Mac, 30-year fixed-rate mortgages averaged 3.18% for the week ending April 1, after dropping to a record low 2.65% in January.
Rob Schaerer, broker and associate of Dillard Group Real Estate and 360 Realty, said a client of his recently locked in at 3%, and the rate one actually receives depends on the area, among other factors.
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Driving past the ball fields near my house the other evening, I experienced waves of nostalgia, the stabby kind, the âaw, gee, shucksâ heartwarming kind, worthy of a Hallmark Channel Movie. You know for certain springâs arrived when the daffodils push themselves out of the hard, cold earth, … More Headlines