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Copley Puts Tiny Borrego Sun Up for Sale
I'll say it again-ANYONE who sells in this economic environment is a fool. This is a buyers market, and David Copley would, IMHO, only sell if he was running miles of red ink.— December 2, 2008 6:50 p.m.
Copley Puts Tiny Borrego Sun Up for Sale
Anon5 loves to make claims too, and always seems to be on everyones case when it comes to the UT banter.....Anon5, are you David Copley by chance? Or maybe Kittle? Speak on this- so the air is cleared.— November 28, 2008 10:28 p.m.
San Diego Hotel Occupancy Down 6.7 Percent in October; Some Other Markets Worse
Wait until property taxes are reassessed (??) to values 40% below what they were last year. Can't wait until we see how KFC Sanders deals with that train wreck.— November 28, 2008 11:49 a.m.
San Diego Unemployment Rate Rises to 6.8% in October from 6.5% in September and 4.8% a Year Ago
The true number is at least 25% higher because the UE office does NOT count anyone unemploued past 6 months- so the number is at least 10%+.— November 21, 2008 9:04 p.m.
Deflation Here? Consumer Prices Drop. So Do Stocks, Residential Real Estate, Commodities, and Consumer, Investor Confidence
No need for crime, we just need to "redistribute" some of that ill gotten booty the public unions are currently laying claim to.— November 21, 2008 12:11 p.m.
Copley Puts Tiny Borrego Sun Up for Sale
This means they are about to go BK (in my mind).— November 21, 2008 7:24 a.m.
Dick Rider wants competition, Mike Aguirre wants bankruptcy
Before we go to BK court, we have to push solutions. We need to negotiate with the greedy employee labor unions, holding the BK threat over their heads. We need to aggressively pursue contracting out, costing government employees their cushy jobs (and again forcing labor concessions). ======================================= Do you think Sanders has the guts to go to the PD and FD and ask for cuts????? Won't happen. Not in a million years. Sanders is in so far over his head he cannot even see daylight. The public unions would NOT agree to cuts anyway-they would force a BK filing. Vallejo is the perfect example of a typical greedy PD/FD union-they will not budge in any serious manner on lowering their Cadillac pay and pensions-even if it is destroying the City because they come FIRST-everyone else comes second. I have stated on here repeatedly that it is too late to avoid BK at this point. The pension system was 58% funded 3 weeks ago-the stock market has fallen another 10% since then and if the pension followed suit then that would be a funding level of 48%. We cannot dig out of this hole, and it gets deeper everyday because the cause of the hole-the pensions-are still in full force and effect.— November 20, 2008 3:16 p.m.
Deflation Here? Consumer Prices Drop. So Do Stocks, Residential Real Estate, Commodities, and Consumer, Investor Confidence
I believe I heard today that home sales in SD are up 50% over last October. Sounds like it may have reached equilibrium here. We'll see. ========================================= Not even close to being "up" unless you mean sales volume and not price. For you JF; NorCal median home price plummets 41 percent By ALEX VEIGA, The Associated Press 9:52 a.m. November 20, 2008 LOS ANGELES — A real estate tracking firm says the median home price plunged 41 percent last month in a nine-county region around San Francisco Bay, as homebuyers snapped up homes that had been foreclosed and otherwise discounted. Figures released Thursday by MDA DataQuick show the median sale price in the region declined to $375,000 October, compared to $631,000 in the year-ago period. http://www3.signonsandiego.com/stories/2008/nov/2…— November 20, 2008 11:18 a.m.
Dick Rider wants competition, Mike Aguirre wants bankruptcy
Wow, I never knew we had 240,000 city workers. That is 20% of the population, isn't it, Johnny? City workers are <1% of the population of SD. ========================================== 20% of the working population is employed by government (I didn't say "city"), at the local, county, state and federal level. Government is the largest employer n the nation JF. Government employees 20% of the working population. In fact that is an old number and it is probably higher now. I'm sorry you didn't seem to know that fact, or take the time to do the reserch needed to learn it. He look, we're on Pesnion Tsunami today!!!! http://www.pensiontsunami.com/public.php— November 20, 2008 7:38 a.m.
Dick Rider wants competition, Mike Aguirre wants bankruptcy
Rider disagrees: “Bankruptcy is a crapshoot,” he says. “A bankruptcy judge has all kinds of options — might negate labor contracts, but might tell the City to sell property to pay obligations and might try to impose higher taxes.” ================================= Richard is wrong on this one. A BK judge does not have the legal authority to sell real property of a muni in a Chapter 9, that is not an option. Orange County proved this in 1994 and Vallejpo proved it in october. neither muni sold any real property. I also doubt that a judge could order a tax increase either. I would suggest that a muni is no different than the airline industry, and to look at that industry as an example. They never were forced to sell assets or raise ticket prices. They had their union contracts voided and had their pensions slashed. Vallejo will be getting the exact same treatment. The simple fact of the matter is you cannot pay 20% of the population Cadillac wages and benefits while the other 80% cannot afford food, clothing, medical care or shelter. Chapter 9 is strictly a csh flow bankruptcy, NOT an asset/liability bankruptcy.— November 19, 2008 5:43 p.m.