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Participant[quote=andymajumder]I keep hearing this – even on KPBS radio I heard this a couple of times, that the pension commitments cannot be gotten rid off and even if the city declares bankruptcy – it still has to pay these ridiculous pensions. Is that true?[/quote]
No bankrupt municipality has overturned guaranteed pensions before. To do so in San Diego, a federal bankruptcy judge would have to overrule the city charter, the state constitution and in effect create new law. If it happened, the case would almost certainly go to the U.S. Supreme Court. Goldsmith believes justices would think the ruling impinged on state’s rights and overturn it.
There is more:
http://www.voiceofsandiego.org/government/article_0418be36-1aa3-11df-840f-001cc4c03286.html
Participant[quote=andymajumder]I keep hearing this – even on KPBS radio I heard this a couple of times, that the pension commitments cannot be gotten rid off and even if the city declares bankruptcy – it still has to pay these ridiculous pensions. Is that true?[/quote]
No bankrupt municipality has overturned guaranteed pensions before. To do so in San Diego, a federal bankruptcy judge would have to overrule the city charter, the state constitution and in effect create new law. If it happened, the case would almost certainly go to the U.S. Supreme Court. Goldsmith believes justices would think the ruling impinged on state’s rights and overturn it.
There is more:
http://www.voiceofsandiego.org/government/article_0418be36-1aa3-11df-840f-001cc4c03286.html
Participant[quote=andymajumder]I keep hearing this – even on KPBS radio I heard this a couple of times, that the pension commitments cannot be gotten rid off and even if the city declares bankruptcy – it still has to pay these ridiculous pensions. Is that true?[/quote]
No bankrupt municipality has overturned guaranteed pensions before. To do so in San Diego, a federal bankruptcy judge would have to overrule the city charter, the state constitution and in effect create new law. If it happened, the case would almost certainly go to the U.S. Supreme Court. Goldsmith believes justices would think the ruling impinged on state’s rights and overturn it.
There is more:
http://www.voiceofsandiego.org/government/article_0418be36-1aa3-11df-840f-001cc4c03286.html
Participant[quote=andymajumder]I keep hearing this – even on KPBS radio I heard this a couple of times, that the pension commitments cannot be gotten rid off and even if the city declares bankruptcy – it still has to pay these ridiculous pensions. Is that true?[/quote]
No bankrupt municipality has overturned guaranteed pensions before. To do so in San Diego, a federal bankruptcy judge would have to overrule the city charter, the state constitution and in effect create new law. If it happened, the case would almost certainly go to the U.S. Supreme Court. Goldsmith believes justices would think the ruling impinged on state’s rights and overturn it.
There is more:
http://www.voiceofsandiego.org/government/article_0418be36-1aa3-11df-840f-001cc4c03286.html
ParticipantKeep in mind that your kid will be way above the grade level once she starts kindergarten. My oldest did not seem to mind that much, but I was very frustrated with homework like ‘draw 17 cats’.
At least two thirds of the class was way beyond the prescribed assignments. The teacher eventually allowed any two pages from the Math Expressions textbook to be turned in as homework, not necessarily the two she sent home with the kid.
You can download the textbooks here http://www.iusd.org/student_resources/Mathematics.html
ParticipantKeep in mind that your kid will be way above the grade level once she starts kindergarten. My oldest did not seem to mind that much, but I was very frustrated with homework like ‘draw 17 cats’.
At least two thirds of the class was way beyond the prescribed assignments. The teacher eventually allowed any two pages from the Math Expressions textbook to be turned in as homework, not necessarily the two she sent home with the kid.
You can download the textbooks here http://www.iusd.org/student_resources/Mathematics.html
ParticipantKeep in mind that your kid will be way above the grade level once she starts kindergarten. My oldest did not seem to mind that much, but I was very frustrated with homework like ‘draw 17 cats’.
At least two thirds of the class was way beyond the prescribed assignments. The teacher eventually allowed any two pages from the Math Expressions textbook to be turned in as homework, not necessarily the two she sent home with the kid.
You can download the textbooks here http://www.iusd.org/student_resources/Mathematics.html
ParticipantKeep in mind that your kid will be way above the grade level once she starts kindergarten. My oldest did not seem to mind that much, but I was very frustrated with homework like ‘draw 17 cats’.
At least two thirds of the class was way beyond the prescribed assignments. The teacher eventually allowed any two pages from the Math Expressions textbook to be turned in as homework, not necessarily the two she sent home with the kid.
You can download the textbooks here http://www.iusd.org/student_resources/Mathematics.html
ParticipantKeep in mind that your kid will be way above the grade level once she starts kindergarten. My oldest did not seem to mind that much, but I was very frustrated with homework like ‘draw 17 cats’.
At least two thirds of the class was way beyond the prescribed assignments. The teacher eventually allowed any two pages from the Math Expressions textbook to be turned in as homework, not necessarily the two she sent home with the kid.
You can download the textbooks here http://www.iusd.org/student_resources/Mathematics.html
Participant[quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.
Participant[quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.
Participant[quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.
Participant[quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.
Participant[quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.
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