[quote=all][quote=bearishgurl][quote=all][quote=bearishgurl]SK, I was referring to outlying areas. Carmel Valley is not really outlying, and, in any case, a portion of its MR bonds should now be ~10 years from maturity/retirement.[/quote]And no true Scotsman…[/quote]
What about the subdivisions which were built in Carmel Valley in the very early nineties??
[quote=all]Carmel Valley is not outlying, but the area right next to it is?[/quote]
Yes.
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Carmel Mountain Ranch was built in very early nineties, it is in PUSD and there is MR. Santaluz is halfway between CMR and CV, about three miles from either. Another 3 miles from a business park that hosts Sony, Nokia, Broadcom, HP… Santaluz is an outlying area only if you are observing the world from a Tijuana suburb.
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I would tend to agree. Carmel Valley is no more of an outlying (or at least as much of an outlying area) as Santa Luz. Escondido is more outlying, and if there have been MR abuses there, I haven’t heard much of them. Same with some of the other truly outlying areas that had major development over the last 15 years…San Marcos, Vista, Oceanside. Maybe there have been problems, but if so, they haven’t been near as public as the problems in the PUSD.
And I’m pretty sure there are some MR that are fully paid off in Carmel Valley.
The problem seems not to be the design of the MR laws, but rather abuse of the process. Should be a warning to us all, pay attention to the political process and get people elected who will make wise financial decisions and vote those who haven’t out of office.
