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San Diego Home Prices Continue Sharp Declines in August; Now Down Almost 33% from 2005 Peak
OK Don-you win. I did not really predict more than a 30% drop in home prices and we have already exceeded the 30%-and there can be little doubt another 5-10% drop is coming during the next 12-18 months-possibly even more than 10% if the recesion is deep and long. We could be looking at a 50% drop in home prices from the all time high when this mess is over.— October 28, 2008 8:07 a.m.
Good News: SDCERS Discussing Lowering Interest Rate on DROP Account
Besides, the only way to reverse 3% at 50 in the courts is to reverse the Corbett case... and that's not even under appeal. ================================== That is not true JF. Corbett and the 1090 violations are mutually exclusive of each other-one does not factor in on the other. If the 1090 violations are upheld then the Corbett decision becomes moot to the extent of the amount the penion underfunding was related to the retroactive pension increases. My position is we are going BK if 1) Goldsmith wins, or 2) Mike wins but then loses the pension lawsuit, or 3) Mike wins the pension lawsuit but by then we are so far behind the 8 ball with pension fund investment loses that BK still happens. If I were you I would be pow wowing with the other FF's and cops and start on working out a new pension plan, one that is sustainable-because 3%@50 is not.— October 27, 2008 9:20 p.m.
Good News: SDCERS Discussing Lowering Interest Rate on DROP Account
Don, I think JF has had enough! He is fighting a futile battle on DROP and the 3%@50.— October 27, 2008 7:20 p.m.
Is San Diego Back to Old Tricks of Publishing False Financial Information?
In fact, I hope someone does go to the Joint, that will make these clowns think twice about ripping the investing public off.— October 27, 2008 7:17 p.m.
Is San Diego Back to Old Tricks of Publishing False Financial Information?
Well, they are on notice that if they run with bogus (read inflated) numbers again there is a better than good chance someone will be going to the Joint for a few years.— October 27, 2008 7:16 p.m.
San Diego tourism weakens
The distribution of wealth and income isn't as ugly as you say, in my belief, but it is plenty ugly. ========================================= I think it is very close to the numbers quoted, at least according to David Cay Johnston on "Free Lunch" and Perfectly Legal", in fact in "Perfectly Legal" Johnston states that the actual taxes paid on a dollar for dollar % is like 17% for the richest 1/10 of the top 1%, while for the poorest it is 18%. That says a lot. What else was iteresting in that book is that senior IRS agents going after large corporations and very wealthy individuals would get pressure to NOT audit them, and in some cases these agents would get fired. Now, if that is true we have more serious problms than I thought we did in law enforcement. But after seeing what Bushie did with the US Attorney's offices I guess I should not be surprised. Johnston talks a LOT about the "donor class" as being the only people who benefit from legislation and agency rule making today. I think something is going to break soon. I think government employee largess is the final straw to break the backs of the poor and middle class.— October 26, 2008 6:49 p.m.
Good News: SDCERS Discussing Lowering Interest Rate on DROP Account
So you are NOT Billy Bob Henry. ======================================= I could only wish for the brain power BBH has......... BTW, the DROP jig is up-as are the pension scams. This downturn is going to bring to the surface the incredible financial hole it has put this City, State and ountry in.— October 25, 2008 4:40 p.m.
San Diego tourism weakens
Fred is one hell of an entertaining writer-much better than Fumbler's prose.— October 25, 2008 11 a.m.
Good News: SDCERS Discussing Lowering Interest Rate on DROP Account
Back when he posted as Billy Bob Henry, it was $250K. Which is it, Johnny? Having a little consistency problem? ======================================= Billy is a good friend of mine who posts over at VoSD, but I am not him. $250K with OT is very possible for any FF in CA whn including the pensions and other benefits.— October 25, 2008 10:57 a.m.
Biotech Executive Tina Nova Wins Lawsuit Filed by Vegas Man She Married Briefly
She had the marriage annulled almost as quickly, partly because she realized she was still technically married to her fourth husband. ...she asked me never to call her again. ==================================== Let's see, still married to her fourth hubby and was then hitched to hubby #5...she sounds like a real catch! NOT! Reminds me a guy I used to workout with who had been married three times by the age of 24 (and just as many times divorced). I told him to stop dating strippers. The old don't call me, I'll call you line for Don!— October 25, 2008 10:54 a.m.