tag:blogger.com,1999:blog-7514357.post6869061519274733445..comments2024-02-25T08:16:25.546-08:00Comments on Exurban Nation: Federal Bailout BillRob Dawghttp://www.blogger.com/profile/10042154106850545479noreply@blogger.comBlogger34125tag:blogger.com,1999:blog-7514357.post-75377631844139787852008-07-24T11:19:00.000-07:002008-07-24T11:19:00.000-07:00PV,Prop 13 does not put pressure on the State budg...PV,<BR/>Prop 13 does not put pressure on the State budget. It is a reliable and predictable source of revenue. A gift that keeps on giving. For but one saving grace nearly every county is seeing an increase in gross property taxes despite some substantial decreases in individual assessments. Prop 13 is a limit on the power of government to arbitrarily charge a captive revenue pool.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-37259068603355500752008-07-24T11:07:00.000-07:002008-07-24T11:07:00.000-07:00Minimum wage is going to not stimulate the economy...Minimum wage is going to not stimulate the economy, but perhaps it will inspire more sympathy for our working poor. But usually republicans just kick the poor. This one creates them, and then kicks them.Lost Causehttps://www.blogger.com/profile/18396272153746076615noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-29684594786360449662008-07-24T10:30:00.000-07:002008-07-24T10:30:00.000-07:00The housing bill wasn't as big of an issue until t...The housing bill wasn't as big of an issue until the Fannie/Freddy blank check got slipped in at the last minute. Now it's a really big--multi-multi-billion, if not trillion--isue.<BR/><BR/>And California's problems cannot be completely solved by the legislature; they have a veritable slew of Propositions they have to work around. Good luck unwinding even a few of the Propositions (like the notorious Prop 13) that are putting immense pressure on the state budget. California should be an effective warning to other states: leave the legislating to the legislature, that's why a representative democracy is representative.Peripheral Visionaryhttps://www.blogger.com/profile/02489447120517274000noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-33610821544223456492008-07-24T09:43:00.000-07:002008-07-24T09:43:00.000-07:00The one big change is the increase in the FHA limi...The one big change is the increase in the FHA limit. This will allow FHA loans in higher rent districts - will help out the CA market quite a bit. Fixed rate, reasonable interest loans.Property Flopperhttps://www.blogger.com/profile/12458926920487707223noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-14318517021867673702008-07-24T09:10:00.000-07:002008-07-24T09:10:00.000-07:00Back to the "bailout". Haven't we discussed this b...Back to the "bailout". Haven't we discussed this before and isn't it just political window dressing. Most people won't qualify for one reason or another and the politicians will find the odd deserving case to enable them to say See we helped people in mortgage trouble.Arthur Wankspittlehttps://www.blogger.com/profile/04295165908114975618noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-42062973729500222002008-07-24T08:20:00.000-07:002008-07-24T08:20:00.000-07:00This comment has been removed by the author.serinitishttps://www.blogger.com/profile/06683669075670531409noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-1581762978732639842008-07-24T08:06:00.000-07:002008-07-24T08:06:00.000-07:00Easy solution to the CA budget (or lack of) crisis...Easy solution to the CA budget (or lack of) crisis. New law: If a budget is not passed before 1 July, EVERYONE in the legislature is out and is banned from holding public office for life.<BR/><BR/>I'm thinking we'd have a budget on time, every year. Most of them would never survive in private industry.Property Flopperhttps://www.blogger.com/profile/12458926920487707223noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-37608821590344035212008-07-24T07:10:00.000-07:002008-07-24T07:10:00.000-07:00I've been so far out in front of the California Em...I've been so far out in front of the California Emergency that I've been forced to wait up for everyone to catch up so I don't look so morose. I'll just remind you that I said the first impacts would be at the beginning of August when short term COPs and the like would quoted extremely high or no bid. I also predicted that at the same time monthly revenues would come in that destroy budget assumptions and send the 5 back to huddle. Yes, Ahnald listened to me for once and it worked. Don't be surprised to see COLA increases suspended next. <BR/><BR/>The only good that could come out of this is that no matter what the agreement the taxpayers are going to slaughter any new debt based Propositions on the Nov. ballot. Bye bye HSR.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-42657015801133523362008-07-24T07:06:00.000-07:002008-07-24T07:06:00.000-07:00Also, Casey realized the credit crisis was not ove...Also, Casey realized the credit crisis was not over, so he took his webiste down and is no longer trying to help people with credit problems<BR/><BR/><A HREF="http://escapemyhouse.com" REL="nofollow">escapemyhouse.com</A>serinitishttps://www.blogger.com/profile/06683669075670531409noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-69346878767346830722008-07-24T07:02:00.000-07:002008-07-24T07:02:00.000-07:00@WinstonNo, They are not getting serious. Both si...@Winston<BR/><BR/>No, They are not getting serious. Both sides finally realize they are deadlocked and there is very little pressure to resolve it so they are going to go around making silly proposals.serinitishttps://www.blogger.com/profile/06683669075670531409noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-64386743413757750842008-07-24T06:32:00.000-07:002008-07-24T06:32:00.000-07:00P.S. And approaching doomsday for California. Whe...P.S. And approaching doomsday for California. When Armageddon really hits is if California goes to the bond market and finds no offers for their bonds. Yes, they can back some bonds with lottery revenues, but other than that, I seriously doubt that they will be able to borrow money at anything short of CashCall™ rates.Peripheral Visionaryhttps://www.blogger.com/profile/02489447120517274000noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-30273808990461641972008-07-24T06:29:00.000-07:002008-07-24T06:29:00.000-07:00"Anybody got more to add?"Actually, yes; a little ...<I>"Anybody got more to add?"</I><BR/><BR/>Actually, yes; a little analogy I've been thinking about for some time.<BR/><BR/>Remember the old Dr. Suess classic "The Cat in the Hat"?<BR/><BR/>The remarkable thing about the pernicious stain that the Cat is trying to clean up is that it sticks to everything that they use in the attempt. The stain comes off the old item, only to adhere--larger and uglier--to the new item.<BR/><BR/>The stain really wasn't that large when it started with the aggressive sub-prime lenders, although it did make it impossible for them to borrow, and therefore survive. But when the investment banks jumped in and bought out a number of struggling mortgage lenders, surprise! the stain stuck to them, and all of a sudden, they found their sources of financing drying up. When they successfully lobbied the government to have Fannie and Freddie bail out much of the mortgage lending market, the market reacted by dumping the GSEs and their debt, perceiving--correctly--that the stain had migrated to them and was larger than ever.<BR/><BR/>And now, virtually inevitably, the Federal government has moved in to remove the stain. Say, I wonder where that stain's going to go . . .Peripheral Visionaryhttps://www.blogger.com/profile/02489447120517274000noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-676106748036528032008-07-23T22:25:00.000-07:002008-07-23T22:25:00.000-07:00Short Primer for now. Enjoy!Short <A HREF="http://robertreich.blogspot.com/2008/07/short-primer-on-mccainomics-versus.html" REL="nofollow">Primer</A> for now. Enjoy!Akirahttps://www.blogger.com/profile/04928231767634740127noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-56652053810130260682008-07-23T22:14:00.000-07:002008-07-23T22:14:00.000-07:00I miss Flailing Forward.P.S. Arnaald is an idiot.I miss <A HREF="http://bp2.blogger.com/_AklIamxJCyA/SIgBP6q5kyI/AAAAAAAAAFg/F8SNIiIiEws/s1600-h/NigelComic.jpg" REL="nofollow">Flailing Forward</A>.<BR/><BR/>P.S. Arnaald is an idiot.Akirahttps://www.blogger.com/profile/04928231767634740127noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-75897235888249365342008-07-23T22:11:00.000-07:002008-07-23T22:11:00.000-07:00Dawg,It looks like the governator has decided to t...Dawg,<BR/><BR/>It looks like the governator has decided to take your advice. <BR/><BR/>http://www.sacbee.com/749/story/1104742.html<BR/><BR/>$6.55/hour for all state employees should save some money. Yes, I know it's a negotiating tactic, but at least the powers that be are getting semi-serious.Winstonhttps://www.blogger.com/profile/00043006960450523372noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-10384666522692972802008-07-23T22:03:00.000-07:002008-07-23T22:03:00.000-07:00When I was a kid I thought I could be cool to fing...When I was a kid I thought I could be cool to finger my eyeball out of the sink.<BR/>Not to mention the SINK.Akirahttps://www.blogger.com/profile/04928231767634740127noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-24931683473856936402008-07-23T21:31:00.000-07:002008-07-23T21:31:00.000-07:00A few years on crack will get rid of that boyish g...A few years on crack will get rid of that boyish grin.Lost Causehttps://www.blogger.com/profile/18396272153746076615noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-28176698608316526012008-07-23T21:22:00.000-07:002008-07-23T21:22:00.000-07:00Bowie? Nah, I'm a dead ringer for Peter Tork of th...Bowie? Nah, I'm a <A HREF="http://img37.picoodle.com/img/img37/4/7/23/f_roflbotm_f1a3eba.jpg" REL="nofollow">dead ringer</A> for Peter Tork of the Monkees....<BR/><BR/>Not that there's anything wrong with that! :-DCasey Serinhttps://www.blogger.com/profile/01717304841079387915noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-55754320360011305882008-07-23T21:19:00.000-07:002008-07-23T21:19:00.000-07:00This comment has been removed by the author.Casey Serinhttps://www.blogger.com/profile/01717304841079387915noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-63311914242538430392008-07-23T21:15:00.000-07:002008-07-23T21:15:00.000-07:00Yeah, I saw a picture that looked just like Casey....Yeah, I saw a picture that looked just like Casey.<BR/><BR/><A HREF="http://modculture.typepad.com/photos/uncategorized/2007/06/07/bowie_david.jpg" REL="nofollow">Bowie</A>Lost Causehttps://www.blogger.com/profile/18396272153746076615noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-73377404657774566012008-07-23T20:39:00.000-07:002008-07-23T20:39:00.000-07:00@ Lost Cause, Keith posted this on July 17th, that...@ Lost Cause, Keith posted <A HREF="http://housingpanic.blogspot.com/2008/07/oh-youre-not-gonna-like-this.html" REL="nofollow">this</A> on July 17th, that he would be absent for a week.<BR/><BR/>I'm sure when he returns in a day or two, he'll have some angry rant about my new project and hyper-gay picture. But I'm just trying to help people!**<BR/>------<BR/><BR/><BR/>** by stealing their money. ;-)Casey Serinhttps://www.blogger.com/profile/01717304841079387915noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-54747258726926846902008-07-23T20:32:00.000-07:002008-07-23T20:32:00.000-07:00Casey,What have you done with Keith at Housing Pan...Casey,<BR/><BR/>What have you done with Keith at Housing Panic?Lost Causehttps://www.blogger.com/profile/18396272153746076615noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-41340112470179093512008-07-23T18:52:00.000-07:002008-07-23T18:52:00.000-07:00These lovely ladies seem to have a better understa...These <A HREF="http://www.sorryimissedyourparty.com/2008/07/technology-advice.html" REL="nofollow">lovely ladies</A> seem to have a better understanding of internet traditions than <A HREF="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/07/23/DDPG11T85Q.DTL" REL="nofollow">McCain</A>.Akirahttps://www.blogger.com/profile/04928231767634740127noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-9481670662968497732008-07-23T18:45:00.001-07:002008-07-23T18:45:00.001-07:00What do you do when a bank gives you counterfit mo...What do you do when a bank gives you counterfit money and won't admit it?<BR/><BR/>http://www.local6.com/news/16960809/detail.htmlwaiting_for_the_fallhttps://www.blogger.com/profile/17959698290129193837noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-84927569506770199792008-07-23T18:45:00.000-07:002008-07-23T18:45:00.000-07:00This U.S. dollar is not toilet paper.This U.S. dollar is not <A HREF="http://edgartoilet.blogspot.com/2008/07/toilet-art.html" REL="nofollow">toilet paper</A>.Akirahttps://www.blogger.com/profile/04928231767634740127noreply@blogger.com