Bressi Ranch…16 new homes to be auctioned off 10/21/06

[Anonymous]

I was so thrilled to find you folks. I write for a paper up here in San Francisco called the San Francisco Bay View, published in the San Francisco Bayview Hunter’s Point neighborhood, which is now occupied by the Redevelopment Agency and the Lennar Corporation. Our Democratic mayor, who was fraudulently elected the same year that George Bush was, stealing the election from a Green, is now in control of something like 1400 acres of property in the Bayview, with the power to force people to sell at what the Agency deems reasonable prices. (Eminent domain.) Bayview Hunter’s Point is 91% Black and Brown, the last mostly Black neighborhood in San Francisco.

The Bayview held a hugely successful petition drive to force a referendum on the Bayview Hunter’s Point Redevelopment Plan (“RecolonizationPlan for the Urban Removal of Negroes,” in the words of Willie Ratcliff, publisher of the San Francisco Bay View. Then City Attorney Dennis Herrera declared it invalid because they had not attached 200 pages of illiterate Redevelopment Agency prose which the wealth and power in this city spent $1.5 million on to justify this impending crime.

The most unbelievable part of all this is that Lennar is also planning to go into the Hunter’s Point Shipyard in the middle of Bayview Hunter’s Point, to build condos and a retail shopping mall right on top of an old nuclear waste dump, fallout hauled back from tests in the South Pacific, and this nuclear waste dump is right next to Parcel EEEE!!!!!!! in that radioactive federal Superfund shipyard of ours. Parcel E is the site of the former top-secret National Radiation Laboratory, from 1945 to 1969.

No one seems to know how much or what all radioactive crud is still in there, but it seems quite possible that once Lennar starts uranium mining, they could well hit a motherlode of plutonium 239. That Rad Lab was testing the effects of all sorts of radiation exposure on animals, (which are dead and, if not buried on Parcel E, dumped in the Bay.)

However, the Navy never bothered to tell the neighbors who had migrated north and worked 24-7 in the shipyard to win the war that the National Rad Lab had come to their neighborhood, not even afterf cancer rates soared among women under 40. Cancer and prostate rates are now epidemic at all ages in Bayview Hunter’s Point, especially on Hunter’s Point Hill, which has fabulous view of the Bay, more sun than any place else in this city, and the worst radiation from Parcel EEEE!!!!!!!

Parcel EEEE!!!!! is not only highly radioactive but toxic in just about every other way as well, because everyone who wanted to dump or manufacture anything really disgusting for the past fifty years went out to dump or manufacture it inside the shipyard, especially on Parcel E, or elsewhere in Bayview Hunter’s Point. Parcel E once caught fire underground and burned for weeks, with no air monitoring, before the Navy even sent anyone out to look at the sparks jumping off of the ground and all the weird colors rising above it into the night sky.

And now, the Lennar Corporation is poised over that nuclear waste dump Parcel A, right next to Parcel EEEEEEEE!!!!!!! with bulldozers, jackhammers, drills, backhoes, and whatever other uranium mining equipment one of the three largest manufacturers of manufactured housing in the country can command.

It’s gonna be worst for Bayview Hunter’s Point but there’s no telling which way the winds this stuff lands in will blow or which way the water currents will flow when they shake that stuff loose. Some have already dared to suggest that the radioactive waste that the Navy dumped near the Farallones marine sanctuary, caught some ocean currents that took it to the beaches of wealthy, natural, organic lifestyle Marin County, causing its breast cancer rates to siar till they equal, surpass or rival those of Bayview Hunter’s Point’s, depending on whom you ask. In either case, Marin and the Bayview’s breast cancer rates top the nation’s. (See “Fallout,” http://www.sfweekly.com/webextra/fallout/index.html.)

But we’re fighting and we have one especially bright hope next week: Marie Harrison could be elected here in District #10.. Marie is running for Supervisor there, against the also Black but totally corrupt Sophie Maxwell, who has not only arranged to let Lennar loose in the shipyard and in Bayview Hunter’s Point, but has now arranged to aim three gas turbine peaker plants straight at them.

Sophie Maxwell is twisted beyond belief; I can only imagine she suffers from some sort of horrid internalized race hatred.

But Marie Harrison? Marie has the potential to be the next Fannie Lou Hammer. I don’t live in Bay VIew Hunter’s Point but I wrote to the paper to beg them to send her to City Hall, and I’m canvassing it for her later this week. See electmarieharrison.com. If anyone there could send $5, $10, anything to help get Marie Harrison to City Hall, her voice would begin to be heard–believe me, it would–by a larger audience. This woman fired the head of San Franacisco General Hospital, though she did not even work there; she works for Greenaction, an environmental justice organization, when she found her grandson and other children suffering from asthma caused by the power plants Bayview Hunter’s Point is also blessed with just because his mother was on Medicare. She walked up to his office and said, “OK; by tomorrow I’m havin’ your resignation or I’m bringin’ this hospital down, in flames.

Then she stood in the doorway till he wrote out and signed his resignation.

I think Marie might help us all do the same to Lennar, not just here but elsewhere. Check out electmarieharrison.com and if you can give even $5, it would be a huge help. If not just sign Marie’s guestbook and tell her your own stories about Lennar, which is actually owned by the LNR Corporation, which is owned by some big ugly hedgefund which does most of its tax-dodging offshore.

Like I said, Marie has the potential to be another Fannie Lou Hammer. I think she might help us fire Lennar, not just here but all over this country where they’re destroying old, real communities to manufacture new, phony, and even radioactive ones, and rooking people right and left in the mortgage lending business and property management business as well. I’d suspected that appraisal scam described at the beginning of this blog. And we should all be talking to each other, not just to Marie. I tried to get on a site full of complaints about Lennar in Dallas last night but the registrataion process was a pain. Thanks for makin this easy.

And yes, Lennar is in New Orleans. In a big way, though rarely using their own name. I’m going back there after the election.

So, good luck from–
KatrinaWithoutBorders, and again, glad to have found you all.

[CardiffBaseball]

You might want to check the forum called Off-Topic, as this has veered quite a bit from Bressi Ranch. As someone who likes to see Democrats lose I hope for a valid and growing presence of the Green party, so party on dudes….

[4runner]

It looks like these Bressi Ranch homes are now to be rented.

A whole bunch of furnished/unfurnished rental listings popped up on Craigslist on 12/5.

Examples are found here:
http://sandiego.craigslist.org/apa/244557096.html
http://sandiego.craigslist.org/apa/244554229.html
http://sandiego.craigslist.org/apa/244558461.html

It is curious how inexperienced landlords think that there is a large, underserved market of renters willing to pay ~$3000/month to rent a single family home…

[sdrealtor]

There is a large underserved market of renters willing to pay $3,000/month to rent a SFR. These will rent quickly.

[PerryChase]

Because it’s a great deal. Why pay $5000 in mortgage interest when you can rent for $3000 inclusive of everything?

[sdrealtor]

Exactly PC!
Dont forget $1000 in taxes/mello roos and $250 HOA fees, homeowners insurance, a gardener etc.

[ibjames]

damn, 3k/mo. for rent? Why would people rent those?

[4runner]

Renting these houses is obviously a lot cheaper than buying/carrying them.

However, run the numbers to determine the market size. If a renter is willing to pay up to 40% of take home pay to rent, 3k$/month would require the renter to take home over 7.5k$/month– or a salary of at least 100k$/year. Rent payments of 33% of take home pay pushes it even higher. This is without the interest deduction for people whom the interest deduction actually matters.

I find it hard to believe that there is a large market of people earning six figures who are renting. Admittedly, a lot of relatively well-to-do people have moved to the sidelines in this real estate market, but 3k for rent still strikes me as a lot.

[ibjames]

my wife and I make a decent amount.. and have a hard time paying 1650/mo lol

[davelj]

I’ve got a friend that makes over a half million and year and he’s been renting (with his wife and two kids) for three years now (paying over $3K/month). He was living in LA and is now in the DC area. He just can’t stomach paying $1 million for a house that’s worth $650K regardless of the convenience opportunity cost. But I suspect he’s an exception rather than the rule.

[CardiffBaseball]

I still think that’s a lot for these homes. My bigger concern would be, do they continue to try and sell the house? Wouldn’t 3K per month mean they are burning cash, and only plan to rent until the market picks back, which everyone knows is Spring 2007. 😉

We make in the 150K range, and if I paid this kind of money in rent, I wouldn’t have much left over (after paying the bills, student loans, etc.) to save up for a new home.

[no_such_reality]

Actually, I looked at the Craigslist. The rents range from $2500 to $4000+ for a total of twelve dwellings. Which to me says they are really fishing for the right rental price and will steer people on the bigger places to the smaller places when they balk at the price. Then later lower the bigger place rent to fill it.

Either way, from model home to auction to now, is several months. Someone somewhere is burning through cash on carrying costs.

A quick check of Craigslist with the search criteria keyboard house and max $2500 with 3BR or more shows 510 available places. 300 under $2000. in the over $2500 range, 131 which puts yes at the 80/20 split.

Switching it closer to the Bressi config, we see 45 units over $3000 with 4 BR.

with 26 over $3500.

dropping the house requirement and just needing 4 BR, we see an 80/20 split at $3500 under/over. with 432 under/90 over.

The $2500 didn’t strike me as bad, compared to what renting a 3BR is going to cost. The others though, the price went up pretty steep.

[Anonymous]

What % of the san diego population has the income to afford $3000 rent? Can’t be more than 10%..

[an]

Since renting have no tax saving, people only pay for rent on places they can truly afford. To truly afford a $3k/month rent, I think they would have to make at least $200k/year to live comfortably, save, and some fun. I highly doubt there’s anywhere near 10% of SD making $200k/year.

[sdcellar]

$200k? I’m roughly estimating that’s around $9000/month after taxes, so yeah I think most people could live comfortably, save, and have a *lot* of fun with the other $6000 every month.

Perhaps you’re taking it a little far there?

[Author]

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