Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Saturday, April 19, 2008
Winner
Danica Patrick in her 50th start wins the Japan 300.
I would argue that the $18.3 billion in Alt-A loans are just as suspect and dangerous to the company as the subprime loans. While many subprime loans are made to homeowners with bad credit, the Alt-A loans were made to specuvestors with little or no documentation that will be unable to afford the new mortgage payments when these Alt-A loans reset or recast in the near future. At least subprime homeowners typically want to stay in their homes, amateur investors (a la Guess Who) may just walkaway, take their credit lumps and call it a day.
as I leave my 9-5 today in Texas... a few words for thought:
" In recent years, Fortune 500 companies such as Tenet Healthcare Corp. and – just last year – engineering and construction company Fluor Corp. moved in from California.
The reverse Gold Rush from California to Texas has concerned West Coast officials for years. In 2004, consultant Bain & Co. surveyed big companies for a California business group and found that half planned to shift jobs out of state or at least stop expanding in California because of high costs, including taxes. Of that group, 27 percent said they would go to Texas, more than any other state.
15 comments:
Huh?
First to say I'll take tea and arugula.
Good thing I came here for the boobies and not for all the comments.
Again, Rob... women in bikinis? Come on, I really don't need to see that in the morning... where are all the hot men?? :-)
Everybody 'cept casey can go here.
She is a major hottie
My goodness. Ms. Patrick has a 'tramp stamp' (aka 'back bait').
Yeah, Danica is hot!
Happy 420 Day everyone!
The Star Tribune is having a great series right now about
housing bets gone bad.
I would argue that the $18.3 billion in Alt-A loans are just as suspect and dangerous to the company as the subprime loans. While many subprime loans are made to homeowners with bad credit, the Alt-A loans were made to specuvestors with little or no documentation that will be unable to afford the new mortgage payments when these Alt-A loans reset or recast in the near future. At least subprime homeowners typically want to stay in their homes, amateur investors (a la Guess Who) may just walkaway, take their credit lumps and call it a day.
Some folks celebrate their last home mortgage payment by setting fire to their loan agreement. Lately, some people behind on their mortgages are simply setting fire to their homes.
In what appears to be the latest symptom of the nation's mortgage meltdown and credit crisis, insurers, law enforcement officials and state agencies nationwide report a jump in home and automobile fires in the last year believed to have been set by owners unable to pay their debts. The numbers are small, but they're leading the insurance industry to scrutinize more closely what seem to be accidental blazes.
"We've seen a dramatic increase in this kind of fraud," said Dan Bales, director of fraud investigations at Mercury Insurance.
Thanks dawg - keep it up!
as I leave my 9-5 today in Texas... a few words for thought:
" In recent years, Fortune 500 companies such as Tenet Healthcare Corp. and – just last year – engineering and construction company Fluor Corp. moved in from California.
The reverse Gold Rush from California to Texas has concerned West Coast officials for years. In 2004, consultant Bain & Co. surveyed big companies for a California business group and found that half planned to shift jobs out of state or at least stop expanding in California because of high costs, including taxes. Of that group, 27 percent said they would go to Texas, more than any other state.
Link here
Rob, any comments on the new brush inspection fee in Ventura?
W,
You are a mind reader. I wrote it up this AM before your comment but just posted a short while ago.
W,
You are a mind reader. I wrote it up this AM before your comment but just posted a short while ago.
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