Monday, March 19, 2018

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!

Dreaming of a Luxury Home? Now’s the Time!

Dreaming of a Luxury Home? Now's the Time! | MyKCM
If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control.
The inventory of homes for sale in the luxury market far exceeds the number of people searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer or can be found at a discount.
Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call their house their new home.
The sale of your starter or trade-up house will help you come up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.
But not all who are buying luxury properties have a home to sell first.
A recent Bloomberg article gave some insight into what many millennials are choosing to do:
“A new generation of affluent homebuyers powered by a surge in inherited wealth is driving the luxury-home market, demanding larger spaces and fancier finishes, according to a report heralding ‘the rise of the new aristocracy.’”

Bottom Line

The best time to sell anything is when demand is high, and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a luxury home, now’s the time to list your house for sale and make your dreams come true.

Thursday, March 15, 2018

You Can Save for a Down Payment Faster Than You Think!

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state.
Using data from the United States Census Bureau and Zillow, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their monthly housing expense.
By determining the percentage of income spent renting in each state, and the amount needed for a 10% down payment, we were able to establish how long (in years) it would take for an average resident to save enough money to buy a home of their own.
According to the data, residents in Ohio can save for a down payment the quickest in just under 3 years (2.44). Below is a map that was created using the data for each state:
You Can Save for a Down Payment Faster Than You Think! | MyKCM

What if you only needed to save 3%?

What if you were able to take advantage of one of Freddie Mac’s or Fannie Mae’s 3%-down programs? Suddenly, saving for a down payment no longer takes 5 or 10 years, but becomes possible in a year or two in many states as shown on the map below.
You Can Save for a Down Payment Faster Than You Think! | MyKCM

Bottom Line

Whether you have just started to save for a down payment, or have been saving for years, you may be closer to your dream home than you think! Let’s meet up so I can help you evaluate your ability to buy today.

Tuesday, March 13, 2018

Seller of two La Jolla homes seeks Bitcoin

The newly bitcoin-rich might have their eyes on an oceanfront home in La Jolla.
A San Diego company brokering the sale of two multimillion-dollar homes in the affluent community says it will accept bitcoin as payment.
The volatile digital currency has been zig-zagging in value since the start of the year, but the broker of the sale, Canter Companies, believes it could attract other buyers. One bitcoin was worth more than $17,000 in January, dropped to $6,914 on Feb. 5, and was up to $11,305 late Tuesday, said CoinDesk.
The custom-built homes are listed for sale for $19.8 million, the equivalent of roughly 1,750 bitcoins. Sellers will also accept cash.
Canter is selling his own home and his friend Alan Ezier’s. He said accepting the bitcoin for the purchase was a different way of marketing the homes by getting the properties in front of an untapped group of potential buyers.
If the buyer pays in bitcoin, Canter said the sellers plan on taking steps to manage the potential risk. He said they will likely use an investment bank that will write a futures contract to lock in for several months whatever bitcoin is valued at when a sales deal is struck. Futures are a contract to buy or sell an asset at a specific date for a specific price.
There is no real tax advantage to selling a home for bitcoin, said accountant Vincenzo Villamena, a New York-based expert in digital currency. If the seller then resells the bitcoin, they may have to pay capital gains taxes so it cuts into money earned on the sale, he said.
Villamena said anyone involved in the transaction looking for secrecy would have trouble because home sales are rigorously documented.
“If you think (bitcoin) will go to the moon, then sell a house and the coin might be worth 10 times that in the coming years,” he said. “If you (as the buyer) think it will go to zero, then you might have gotten yourself a free asset.”
One of the first reported single-family homes purchased with bitcoin took place in September in Austin. When Kuper Sotheby’s International Realty facilitated the sale, bitcoin was worth $3,429. The firm said it converted the bitcoin to dollars in 10 minutes to give to the seller.
In that case, the bitcoin buyer missed out on a substantial price increase in the coming months. Bitcoin hit a high of $19,343 on Dec. 16, Coindesk said.
Canter said he and Ezier had price fluctuations in mind before they announced the sales but said using the investment groups to lock in the bitcoin price for a time was a way to limit potential fluctuations. They would pay a premium for the service, but it is a way to make sure if the price drops, the investment group would need to buy the bitcoin for what it was valued at the time of the sale.
Another reason for putting a home for sale with bitcoin could be to attract digital currency advocates. While most recent buyers of bitcoin are investors, there are also those who believe in using it as a way to facilitate the decentralization of money, create a more private way of spending money and limit transaction costs among developing nations.
“It’s a personal preference when it comes down to it,” Canter said. “I don’t think we can speak to a financial benefit here or there. Obviously, the chance (bitcoin’s value) goes up is just as much as it goes down right now.”
This is not the first time bitcoin has made its way into local real estate transactions.
In November, a 2.32-acre site at the end of Boundary Street in North Park went for sale with bitcoin preferred. The property is still for sale. In that case, seller Sequoian Investments said if the buyer used digital currency it would likely se a 1031 Tax Exchange, a method where proceeds can be reinvested in another property.
However, Sequian said if the whole sale is in cryptocurrency, they might just pay the taxes on it and hold onto the bitcoin or ethereum, another type of digital currency it will accept.
The La Jolla properties listed by Canter Companies will need to find a high-end buyer.
For $11.8 million, the Marine Lair home at 6653 Neptune Place is 3,124-square-feet, has 3 bedrooms and 4 and a half bathrooms. It is on Windansea Beach, has a rooftop pool and spa, a garage with a hydraulic lift ideal for a sports car. It has been featured in Forbes and other publications.
For $7.9 million, the Arc House at 1257 Silverado St. is 5,213-square-feet and has five bedrooms and five and a half bathrooms. It has an elevator, five-car garage, hot tub and a rooftop deck.

Tuesday, March 6, 2018

Competition is Coming! Are you ready?

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.4% over last year.

How will this impact buyers?

More inventory means more options. Lawrence Yun, NAR’s Chief Economistexplained this is good news for the housing market – especially for those looking to buy:
“This rise in single-family housing construction will help tame home price growth, and the increase in multifamily units should continue to help slow rent growth.”

How will this impact sellers?

More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect:
  1. A great price on their home as buyers outbid each other for it
  2. A quick sale as buyers have so little to choose from
  3. Fewer hassles as buyers don’t want to “rock the boat” on the deal
With an increase in competition, the seller may not enjoy these same benefits. As Chief Economist Nela Richardson, added:
“Because existing home inventory has been so low for so long, new construction is taking a larger share of the market…Builders meet the buyers and see the demand firsthand.”

Bottom Line

If you are considering selling your house, you’ll want to beat this new competition to market to ensure you get the most attention for your listing and the best price.

Thursday, March 1, 2018

Things to Do This Weekend in San Diego: March 1-4

Welcome to your first weekend of March, San Diego. From a burst of blooms in Carlsbad to community art walks and hockey, it's going to be a great few days in America's Finest City.

The Flower Fields at Carlsbad Ranch
9 a.m. to 6 p.m., Carlsbad RanchThe beautiful blooms at the famous Flower Fields at Carlsbad Ranch are back in their brilliant glory. Opening day is Thursday but the annual flower viewing season runs through May 13. As usual, for about six to eight weeks, visitors can enjoy displays of colorful Giant Tecolote Ranunculus spanning fifty acres. The annual burst of blooms is something locals look forward to year after year as spring rolls in. The Flower Fields are open daily from 9 a.m. to 6 p.m.; tickets cost $16 for adults, $14 for seniors, and $8 for children ages 3 to 10. If you plan on visiting a few times this spring, you may want to spring for a season pass. Keep an eye on the Flower Fields website, too, as the venue hosts lots of family-friendly, fun events throughout its season, usually on the weekends.
First Thursday at The Lafayette
6:30 p.m. to 9:30 p.m., The Lafayette Hotel, Swim Club & Bungalows
San Diego Made, an artists’ collective organization that aims to increase awareness of the arts in San Diego, hosts its free monthly pop-up event, “First Thursday,” at The Lafayette. The event features handmade goodies from more than 30 local artists, plus music, Happy Hour specials and activities like a free coloring station for kids and adults, love-themed henna tattoos, a free photo booth, outdoor courtyard games and raffles. This time, for a $40 fee, attendees can also partake in this Metal Etching Workshop led by local jeweler Sweet1985, in which they will learn to create cuff bracelets via the art of etching metal.
Zumba Fitness Fun6:30 p.m., Harrah’s Resort Southern CaliforniaThis energizing Zumba class goes down each Thursday on the second-floor South Tower at Harrah’s Resort SoCal. The movin’ and groovin’ starts at 6:30 p.m.
Circus Vargas
7:30 p.m., Escondido Westfield North CountyGather ‘round the big top, San Diego – Circus Vargas has been making its rounds and, this weekend, it keeps the show going at Escondido Westfield North County. The traveling show boasts thrilling performances by acrobats, daredevils, flying trapeze artists, jugglers, contortionists, comics and more. The Circus Vargas theme is “Dreaming of Pirates,” so attendees can expect some swashbuckling surprises. Take the family 30 minutes before show time and enjoy a special, free pre-show where kids can create their own magic under the big top. Tickets range from $15 to $72; kids age 2 and under get in free with a paying adult, so long as they sit on an adult’s lap. Circus Vargas will be in Escondido through this Monday before moving north to Temecula on March 8.
Chadwick Johnson: ‘Your Song: Celebrating the Hits of the Piano Men’
8 p.m., Martinis Above FourthLas Vegas crooner Chadwick Johnson brings his new show to Martinis Above Fourth (3940 Fourth Ave.) in Hillcrest Friday night, singing the hits of music’s most beloved “piano men,” including Elton John, Billy Joel and Stevie Wonder. General admission, which includes reserved seating, costs $25 and there’s a $15 per person food or drink minimum. The doors open at 6 p.m. and Johnson takes the stage at 8 p.m.
Inside Liberty Public Market: Fall 2017Inside Liberty Public Market: Fall 2017
It's been a year-and-a-half since Liberty Public Market opened in the heart of Liberty Station. With more than 30 vendors lining its halls, the 25,000-square-foot marketplace has quickly transformed into a food emporium, with interesting treats to be had at every turn. Here's a glimpse at LPM, as it looks in fall 2017. 
(Published Thursday, Sept. 21, 2017)
Friday, March 2
Spring Home & Garden Show10 a.m. to 5 p.m. (Friday through Sunday), Del Mar FairgroundsGet inspiration for the home improvement project of your dreams at the 33rd annual Spring Home & Garden Show at the Del Mar Fairgrounds. This three-day expo will showcase some of the newest trends in home renovation while giving access to the best tools, experts, and businesses to help complete those projects. Tickets cost $9 per day. The Home & Garden Show runs from 10 a.m. to 5 p.m. Friday and Sunday and 10 a.m. to 6 p.m. Saturday.
Whale Watching Aboard America11 a.m. to 4 p.m., Maritime Museum of San DiegoExperience San Diego’s whale watching season aboard America, a 138-foot sailing yacht that launches from the Maritime Museum. This 4-hour tour cruises the coastline on a quest to view the sea creatures. Light snacks and beverages are included in the ticket price, plus admission to the Maritime Museum of San Diego before or after the cruise. Tickets range from $42.50 to $85, with discounts for active duty and retired military. Check-in is 30 minutes before your departure time at the booth in front of the Berkeley Steam Ferry.
Friday Night Liberty
5 p.m. to 9 p.m., The Arts District at Liberty StationThe Arts District at Liberty Station (2640 Decatur Rd.) hosts Friday Night Liberty, a free, monthly art walk showcasing the working artists, dance, music and theatre that are helping the district grow in its mission to highlight the arts culture in San Diego. The evening will include performances from Malashock Dance & The Malashock Dance School in the Abbe Wolfsheimer Studio at the Dorothea Laub Dance Palace at 5:30 p.m. and 6:30 p.m.
First Friday Art Walk Oceanside
5 p.m. to 9 p.m., Springhill Suites Marriott
The First Friday Art Walk in Oceanside – at the Springhill Suites Marriott hotel – will highlight dozens of artists and vendors that make the community unique. Attendees can enjoy arts, music, live performances, activities and food at this free, all-ages event presented by the Oceanside Friends of the Arts, an organization that raises funds for scholarships for kids who want attend local arts and culture schools.
Cardio Samba (Brazil)6:30 p.m. to 7:30 p.m., Crown Dance StudioPower up your workout routine with this high-energy class at Crown Dance Studio (6904 Miramar Rd.). Gladys Altafani, a Sambista of the Brazilian Carnivale, leads fun every Friday. Drop-in classes cost $20; if you sign up for a membership, the price drops by a few dollars.
San Diego Gulls vs. Ontario Reign
7 p.m., Valley View Casino Center
It’s hockey time! The San Diego Gulls take on the Ontario Reign at Valley View Casino Center Friday night. Tickets start at $23; the puck drops at 7 p.m.
Hops on the Harbor
7 p.m. to 10 p.m., Flagship Cruises & Events
This month, enjoy a craft beer dinner cruise around the San Diego Bay paired with brews from Duck Foot Brewing. The menu for this installment of “Hops on the Harbor” includes four 6-ounce, beer tastings expertly matched with courses. For instance, Duck Foot’s golden honey ale, “Drink This or the Bees Die,” will be paried with English pea gnocchi, Caesar salad and garlic bread. Also on the brew menu: Hazy McBeerFace (a West Coast hazy IPA) and Sassy Tart (an imperial Berliner weisse with Montmorency cherries). The dinner cruise boards at 7 p.m. from 990 North Harbor Dr. and sails past the San Diego skyline, USS Midway, Star of India and other Maritime Museum ships and the Coronado Bay Bridge. Tickets cost $69.50 for adults and $41.70 for children ages 4 to 12; kids 3 and under are free. Reservations are recommended.
Reggae Fridays7 p.m. to 11 p.m., Fast TimesEnjoy the laid-back vibes of “Reggae Fridays” at Fast Times, a relatively new restaurant and bar in Clairemont (3065 Clairemont Dr.). The weekly event includes music from DJ J-Roots and local reggae musicians.
Group Works to Restore Balboa Park CarouselGroup Works to Restore Balboa Park Carousel
The San Diego-based nonprofit organization, Friends of Balboa Park, recently purchased the historic Balboa Park Carousel located off Park Boulevard. The group plans to restore the ride to its glory days and keep it running for generations to come. The carousel was built in 1910 and boasts all of its original parts. It first came to Balboa Park in 1... 
(Published Tuesday, July 25, 2017)
7:30 p.m., Balboa Theatre“Stomp” – back at the Balboa Theatre for the first time in seven years – brings its eight-member touring troupe to the stage to perform magnificent rhythms using everything but conventional percussion instruments. The high-energy, pulse-pounding show is for music enthusiasts of all ages; tickets start at $22. If you miss Friday’s performance, you have a few more chances: “Stomp” runs at 2 p.m. and 7:30 p.m. Saturday and again at 1 p.m. and 6 p.m. Sunday.
Cinema Under the Stars: ‘Three Billboards Outside Ebbing, Missouri’8 p.m., Cinema Under the Stars (Mission Hills)Enjoy a movie under the stars at this outdoor theater on Goldfinch Street in Mission Hills. The winter/spring screening season features a movie screening every Friday and Saturday night at 8 p.m., now through April 29. This weekend, the seven-time, Oscar-nominated film co-starring Sam Rockwell and Woody Harrelson, “Three Billboards Outside Ebbing, Missouri,” is playing on the big screen. Admission is $18 at the box office, or you can reserve your seat in advance for $20.
San Diego's Top Breweries San Diego's Top Breweries
Saturday, March 3
8th Annual Finish Chelsea’s Run7:30 a.m. (race) and 8 a.m. to 11 a.m. (family festival), Balboa ParkAn inspirational race returns to Balboa Park Saturday: Finish Chelsea's Run, meant to remember Chelsea King, a Poway teenager tragically kidnapped and killed in 2010 while on a run in Rancho Bernardo. In the days after King’s death, thousands from the community gathered to finish Chelsea’s run — to walk the route King was never able to complete because her life was cut short. Chelsea’s Parents, Kelly and Brent King, said the walk was so healing they decided to make it an annual tradition that would inspire others to live positively. Prices to participate range from $15 to $50 and funds go towards scholarships for teens who share Chelsea’s “service-over-self” characteristics.
Little Italy Mercato
8 a.m. to 2 p.m., Little ItalyEvery Saturday, more than 200 tents line the streets of Little Italy, spanning five blocks and showcasing an array of farm fresh produce, meats, flowers and artisan craft goods from local vendors. Grab a crepe as you stroll, or sit in the Piazza Famiglia while enjoying music from local artists. This has been a neighborhood tradition for years and has become one of the biggest farmers markets in San Diego.
San Diego Undy Run/Walk8:30 a.m., De Anza CoveThe Colorectal Alliance wanted to bring awareness to a pretty heavy topic in a light-hearted and amusing way. Thus, the Undy Run was born. Join hundreds of runners as they hit the streets sporting tighty whiteys, boxer briefs, costumes and more. A giant inflatable colon will be on hand for attendees to run through because, why not? The goal is to raise funds for research to find a cure for colon cancer. Registration fees range from $30 to $40 and your ticket includes a pair of boxer shorts.
31st Annual Koi Show9 a.m. to 4 p.m. (Saturday) and 9 a.m. to 2 p.m. (Sunday), Del Mar FairgroundsKoi fish have become known as “living jewels” because of their bright orange hues and quick movements in the water that seem to make them reflect. This weekend, hundreds of the magnificent fish will be on display for a Koi pond competition at the Del Mar Fairgrounds. Guests can learn how to create a water garden in their backyard to keep Koi as pets or just soak in the wonder of the fish. The event is free but parking at the fairgrounds is $14.
Lucky Street Vintage Market10 a.m. to 5 p.m., 1722 South Coast Highway #3, OceansideEvery Saturday and Sunday, Lucky Street Productions hosts its “vintage marketplace” in a large warehouse filled with vintage finds in a variety of styles. From shabby chic to oddities and French country to glam, you are sure to find the vintage style of your choice. The market sells clothing items, gardening items, architecture, craft supplies and so much more.
MythBusters: The Explosive Exhibition
10 a.m. to 5 p.m. (Monday through Thursday) and 10 a.m. to 6 p.m. (Friday through Sunday), Fleet Science CenterCan you pull a tablecloth off a table without disturbing the dishes on top? Do you stay drier running or walking in the rain? Get the answer to some of your burning questions at the new exhibit based on the popular TV show, "Mythbusters." Just like the show, this hands-on exhibit will allow guests to use the scientific method to test some commonly-held theories. Access to the exhibit, which is open through Sept. 3, can be added to a general admission ticket to The Fleet for $5.
Spring Busker Festival
12 p.m. to 6 p.m.(Saturday & Sunday), Seaport VillageStep right up: the annual Spring Busker Festival returns to Seaport Village this Saturday and Sunday, showcasing the talents of nine of the nation’s top street performers. The free festival at the waterfront landmark is a family favorite, and will run from 12 p.m. to 6 p.m. on both Saturday and Sunday. The 18+ crowd can stick around Saturday for “Buskers After Dark,” a special 7 p.m. to 10 p.m. session featuring a DJ, food and beer specials and busker acts suited for an older crowd.
Things to Do in Old TownThings to Do in Old Town
From free museums and historical demonstrations to food, NBC 7's Monica Garske takes a look at some things to do when visiting Old Town San Diego State Historic Park.
(Published Thursday, June 1, 2017)
Oceanside Grunion Run10:35 p.m. to 12 a.m. (Saturday) and 11:15 p.m. to 1:15 a.m. (Sunday), Oceanside BeachIt’s a spectacle to behold when thousands of grunion -- slim, silver-colored fish -- come out of the water and onto the shoreline to lay eggs. To see the natural event that happens only a handful of days throughout the year, head to Oceanside Beach Saturday night and bring a flashlight. Though times may vary, California Department of Fish and Wildlife says prime time to watch the run will be between 10:35 p.m. to 12 a.m. Saturday and 11:15 p.m. Saturday to 1:15 a.m. Sunday.
Sunday, March 4
9 a.m. to 4 p.m., Port Pavilion on Broadway PierIt’s time to celebrate your favorite meal of the day, brunch. The touring BrunchCon is making a stop in San Diego to offer guests access to staples of any good brunch — eggs, pancakes and mimosas. A $45 ticket to a three-hour session gets you food samples from 30 local vendors, including Snooze, Hundred Proof and DonutBar. The event features lawn games and an open mimosa and bloody Mary bar. Upgrade to VIP for $40 more and get in 30 minutes early, plus a swag bag filled with $150 worth of goodies.
Guided Nature Walk
9:30 a.m., Mission Trails Regional Park Visitor Center
Join a trail guide from Mission Trails Regional Park (MTRP) on this free, 1.5-hour nature walk and learn about the plants, animals, geology, history and ecology of the park. The walk begins at the Visitor Center and will head out to one of three scenic trails: The Oak Grove Loop, The Visitor Center Loop, or The Riverside Grinding Rocks. These walks are typically held at MTRP every Saturday, Sunday and Wednesday at 9:30 a.m. Wear close-toed shoes and sunscreen, and bring water.
Things to Do at Balboa ParkThings to Do at Balboa Park
Balboa Park is one of San Diego’s best-known landmarks. NBC 7's Monica Garske speaks with Balboa Park Conservancy CEO and president Tomas Herrera-Mishler about a few of the things you should do when you visit the sprawling urban park in the hear of America's Finest City.
(Published Thursday, April 20, 2017)

CRSSD Festival12 p.m. to 11 p.m. (Saturday) 12 p.m. to 10 p.m. (Sunday), Waterfront ParkThe 2018 lineup for San Diego’s annual two-day electronic music festival CRSSD features artists like Bonobo, Little Dragon and Empire of the Sun. Tickets are sold out but may be available through the festival’s ticket exchange. 
Bite San Diego Walking ToursTimes vary, Locations varyThis one's for foodies: Bite San Diego takes guests on a 3-hour+ walking tour through a select neighborhood, offering samples of the culinary scene from at least five restaurants while showcasing the neighborhood’s history. Tours make an average of five stops at some of the most mouthwatering restaurants in San Diego County. Participants can choose from tours in North Park, Liberty Station, Downtown San Diego, Coronado, La Jolla and Encinitas. Tours are offered Fridays, Saturdays and Sundays (depending on the location); hours vary. For more customization, Bite San Diego offers private tours.
Live Music Sundays: The Counterfeits
1 p.m. to 4 p.m., Liberty Public MarketLocal group The Counterfeits will get together for a jam session Sunday on the patio at Liberty Public Market. The band will performt top 40s covers and some of their "feel good" original songs. The concert is free; before or after the show, stroll the artisan shops at the market or grab a bite to eat from a local vendor. It's a perfect Sunday outing in San Diego.
Sunday Organ Concert
2 p.m. to 3 p.m., Spreckels Organ Pavilion at Balboa Park
Enjoy a free, hour-long organ concert Sunday at Balboa Park’s famed Spreckels Organ Pavilion. At the keys, the audience will find Raul Prieto Ramirez, the city’s newest San Diego Civic Organist and Artistic Director of the Spreckels Organ Society. Prieto Ramirez hails from Spain and, as he told NBC 7, hopes to keep the program interesting – from Bach to Queen – at the historic Spreckels Organ.
Oscars in the Ranch
4:30 p.m., Rancho Santa FeWhile A-list actors make their way to Hollywood for the film industry's biggest night, you can feel like a star at the San Diego International Film Festival’s Oscars watch party. Take photos on the red carpet and cast your Oscars ballots before the show starts at 5 p.m. PST. Tickets cost $175 and include tasty bites and craft beverages created by a handful of local award-winning chefs. Proceeds will benefit local films and filmmakers through the San Diego Film Foundation.
Tango by the Beach5 p.m. to 7:30 p.m., Pacific Street Linear ParkBreak out your dancing shoes as the sun sets on Oceanside. Tango by the Beach brings a rollout mat right up to the park (112 The Strand South) situated just steps from the shoreline so guests can learn the art of the romantic dance. An introductory lesson is held at 5 p.m.
Raga, Roots & Re-imaginings
7 p.m., Encinitas LibraryHarpist Sheela Bringi’s harmonious songs come to life with a traditional Indian sound infused with soulful American roots stylings. Joining her is trumpeter Clinton Patterson, who will intersperse classic Indian tales and folklore. Tickets are $20 or $25 for premium seating at the Encinitas Library, which is located at 540 Cornish Dr.
The Importance of Being Earnest7 p.m., The Old Globe TheatreThe Old Globe Theatre brings Oscar Wilde’s beloved “trivial comedy for serious people” to the stage. In "The Importance of Being Earnest," Jack and Algernon, a pair of bachelors attempting to avoid the realities of their lives, create fictitious personas and end up finding themselves in ridiculously funny situations. Performances run through March 4; ticket prices vary by day.
Free or Cheap Things to Do in San DiegoTimes and locations varyFree or Cheap Things to Do in San DiegoFree or Cheap Things to Do in San Diego
Looking to save some cash, but still enjoy the city? In San Diego, there are still plenty of activities to enjoy for free or on the cheap. Go for a hike at Torrey Pines State Park or Cowles Mountain, stroll Balboa Park, try a new craft brewery, admire the murals of Chicano Park or read a book at a downtown park. Get out there and explore America’s Finest City.

Courtesy of NBC San Diego