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jpinpb
Participant[quote=sdrealtor]I’ll be in Maui. Let me know how it all turns out.[/quote]
Are you moving to Maui? Otherwise, I’ll go out on a limb and say they’ll still be around when you get back.
Participant[quote=flu]Seems to me, americans are doing just fine…
Retail sales rose strongly in September on autos
Retail sales increased 1.1 pct. in September, largest gain in 7 months led by auto salesJust a reminder that people are still living in their homes and not paying. Talked to my realtor friend living in his house in PB the other day. Officially 24 months of not paying a dime. Still no NOD or foreclosure. He’s had a little extra money every month for the past 2 years.
Participant[quote=svelte]Another thing that may happen: the participants may use the cold wet winter months to regroup and show up in the spring better organized with stated goals and demands. Heading into the election season, that is a very real possibility.[/quote]
I can see that happening. OWS seems pretty determined. Sure they’ll thin out in the winter. Everyone is counting on that. I can see government in general saying, “Eh, in a month it’ll be cold and they’ll be gone so let them protest while they can. It’ll be over soon.”
I can see them come back stronger in the spring. That may surprise some people.
Participantpri_dk – my brother is involved in the auto industry and claims union as the problem. Couple of questions that maybe you can give me some feedback/answers. How many factory auto workers are living in mansions and fly in private jets?
Should labor be brought to the low levels of third world countries, working conditions and pay, so that the head guys at corporations can continue to enjoy their rich lifestyle?
When companies are making record profits off the backs of workers in third world countries, tax breaks by our government that the rich paid politicians to pass and the loss of jobs here, do you really still hold on to the unions being the cause of these problems?
Should our labor (pay and conditions) be as cheap as third world countries so we can keep jobs and companies can make record profits?
Participant[quote=CA renter][quote=pri_dk][quote=CA renter]Not only that, but the PTB has managed to brainwash all the idiots into believing that the unions have caused all our problems.[/quote]
Nobody believes that unions cause all the problems. They are one of the problems.
I grew up in the rust belt. I know firsthand what unions can do to an economy.
You really believe that only “1%” of the population is greedy?[/quote]
Was that because of the unions, or because of corporate mismanagement and the off-shoring of our jobs — due to tax and trade policies that reward companies for destroying our job base?[/quote]
Thanks, CAR. This should be real obvious to everyone by now, unless one is wearing blinders heavily in denial or actually part of the 1%.
ParticipantUCGal – thanks for the concise list. The list I posted details a few goals. Good thing the American Revolution had some people w/backbone and conviction.
ParticipantTG – That was like a real football game should be played. I’m glad Detroit won. They have so little.
Reminded me of the ATT commercial where the parents are trying to decide if the boy or girl can pick what gets recorded. The girl has the nice hair and they like her better, but the boy has so little, let him pick.
Detroit played well and they deserve the win. I’m glad for them.
Now back to the matter at hand. I hope OWS stays on course. Hopefully others won’t get sidetracked as to the real cause of this whole mess. While many played a part in it, the root of the problem lies w/Wall St bankers and the politicians they own.
Participant[quote=CA renter][quote=ctr70]Instead they should be marching on the state capitols against the ridiculous pensions and health care benefits paid to Government worker retirees that is bankrupting the state and cities. That is where the real rape & pillage of the tax payer is happening.[/quote]
No. That fairy tale has been spread by the financial elite to take the heat off of themselves.
Wall Street caused the “pension crisis” via their boom-bust machinations, and is solely responsible for the downfall of our economy.
The OWS movment knows about this fairy tale and how it’s being used to turn working people agains working people. We are the 99%. We are working together for ALL working people against the capitalists (those who do not labor for their money, but skim the value created by the productive class) who have destroyed our contry and the world. Wall Street will not distract us like they did with the Tea Party movment. We are staying on target.[/quote]
Government kept the interest rates low for a very long time. This forced investors to put their money elsewhere, like real estate. Cities invested their money gambling, rather than putting it in the bank drawing practically zero interest. The city’s financial problems can be traced to the bubble popping and the collapse of the economy. Of course, historically, divide and conquer. Turn people against each other. Blame it on the pensioners.
This is old. I’m so glad OWS gets it. Go to the source of all of this financial crisis mess. The buck stops there.
ParticipantWell, by “patient” I kinda meant someone who waited for the right property to reduce at the right price, not necessarily that this guy/gal was in escrow on a short sale for a year and a half. Initially this had a much higher LP and from the looks of it, not too many people are buying at or above list. People are waiting it out and in some cases, reductions are happening, as what happened here. No one was jumping in to buy it at list. Wait long enough and offer less a week after the last reduction, looks like they finally found a seller.
Participant3626 Elliott Sold for 745k, PPSF: $288. A bit lower than the Average-Median of about $340. Not to mention, the new owners only had to wait a year and a half for a 300k price reduction, since the sellers initial LP was $1,050,000.
It’s not even 200k off the 2005 price, but I think if you factor in the interest rates, again, helps make it tolerable. This place has also been granitized during the bubble, so not a fixer. Not a great deal, but another place that sold for a pretty good price for PL.
ParticipantI was wondering when someone was going to post about OWS on this blog. I was getting ready to do it myself.
I like some of the OWS Demands
LIST OF PROPOSED “DEMANDS FOR CONGRESS
1.CONGRESS PASS HR 1489 (“RETURN TO PRUDENT BANKING ACT” http://www.govtrack.us/congress/bill.xpd?bill=h112-1489 ). THIS REINSTATES MANY PROVISIONS OF THE GLASS-STEAGALL ACT. http://en.wikipedia.org/wiki/Glass–Steagall_Act — Wiki entry summary: The repeal of provisions of the Glass–Steagall Act of 1933 by the Gramm–Leach–Bliley Act in 1999 effectively removed the separation that previously existed between investment banking which issued securities and commercial banks which accepted deposits. The deregulation also removed conflict of interest prohibitions between investment bankers serving as officers of commercial banks. Most economists believe this repeal directly contributed to the severity of the Financial crisis of 2007–2011 by allowing Wall Street investment banking firms to gamble with their depositors’ money that was held in commercial banks owned or created by the investment firms. Here’s detail on repeal in 1999 and how it happened: http://en.wikipedia.org/wiki/Glass–Steagall_Act#Repeal .
2.USE CONGRESSIONAL AUTHORITY AND OVERSIGHT TO ENSURE APPROPRIATE FEDERAL AGENCIES FULLY INVESTIGATE AND PROSECUTE THE WALL STREET CRIMINALS who clearly broke the law and helped cause the 2008 financial crisis in the following notable cases: (insert list of the most clear cut criminal actions). There is a pretty broad consensus that there is a clear group of people who got away with millions / billions illegally and haven’t been brought to justice. Boy would this be long overdue and cathartic for millions of Americans. It would also be a shot across the bow for the financial industry. If you watch the solidly researched and awared winning documentary film “Inside Job” that was narrated by Matt Damon (pretty brave Matt!) and do other research, it wouldn’t take long to develop the list.
3.CONGRESS ENACT LEGISLATION TO PROTECT OUR DEMOCRACY BY REVERSING THE EFFECTS OF THE CITIZENS UNITED SUPREME COURT DECISION which essentially said corporations can spend as much as they want on elections. The result is that corporations can pretty much buy elections. Corporations should be highly limited in ability to contribute to political campaigns no matter what the election and no matter what the form of media. This legislation should also RE-ESTABLISH THE PUBLIC AIRWAVES IN THE U.S. SO THAT POLITICAL CANDIDATES ARE GIVEN EQUAL TIME FOR FREE AT REASONABLE INTERVALS IN DAILY PROGRAMMING DURING CAMPAIGN SEASON. The same should extend to other media.
4.CONGRESS PASS THE BUFFETT RULE ON FAIR TAXATION SO THE RICH AND CORPORATIONS PAY THEIR FAIR SHARE & CLOSE CORPORATE TAX LOOP HOLES AND ENACT A PROHIBITION ON HIDING FUNDS OFF SHORE. No more GE paying zero or negative taxes. Pass the Buffet Rule on fair taxation so the rich pay their fair share. (If we have a really had a good negotiating position and have the place surrounded, we could actually dial up taxes on millionaires, billionaires and corporations even higher…back to what they once were in the 50’s and 60’s.
5.CONGRESS COMPLETELY REVAMP THE SECURITIES AND EXCHANGE COMMISSION and staff it at all levels with proven professionals who get the job done protecting the integrity of the marketplace so citizens and investors are both protected. This agency needs a large staff and needs to be well-funded. It’s currently has a joke of a budget and is run by Wall St. insiders who often leave for high ticket cushy jobs with the corporations they were just regulating. Hmmm.
6.CONGRESS PASS SPECIFIC AND EFFECTIVE LAWS LIMITING THE INFLUENCE OF LOBBYISTS AND ELIMINATING THE PRACTICE OF LOBBYISTS WRITING LEGISLATION THAT ENDS UP ON THE FLOOR OF CONGRESS.
7.CONGRESS PASSING “Revolving Door Legislation” LEGISLATION ELIMINATING THE ABILITY OF FORMER GOVERNMENT REGULATORS GOING TO WORK FOR CORPORATIONS THAT THEY ONCE REGULATED. So, you don’t get to work at the FDA for five years playing softball with Pfizer and then go to work for Pfizer making $195,000 a year. While they’re at it, Congress should pass specific and effective laws to enforce strict judicial standards of conduct in matters concerning conflicts of interest. So long as judges are culled from the ranks of corporate attorneys the 1% will retain control.
8.ELIMINATE “PERSONHOOD” LEGAL STATUS FOR CORPORATIONS. The film “The Corporation” has a great section on how corporations won “personhood status”. http://www.youtube.com/watch?v=8SuUzmqBewg . Fast-forward to 2:20. It’ll blow your mind. The 14th amendment was supposed to give equal rights to African Americans. It said you “can’t deprive a person of life, liberty or property without due process of law”. Corporation lawyers wanted corporations to have more power so they basically said “corporations are people.” Amazingly, between 1890 and 1910 there were 307 cases brought before the court under the 14th amendment. 288 of these brought by corporations and only 19 by African Americans. 600,000 people were killed to get rights for people and then judges applied those rights to capital and property while stripping them from people. It’s time to set this straight.
ParticipantDon’t know if you saw the thread I started: Contractors I would recommend. I’m hoping if people know other contractors, they would continue to add to the list.
ParticipantI agree w/AN. I think that place is a good deal for location and you can always upgrade, but you can’t change the location.
It would be nice to see more 2000 pricing in the more desireable area. Those are the great deals. Unfortunately, I have not come across very many. Maybe there will be more down the road. For now, I guess I’m just glad to see they are at least down to 2003 pricing or so.
ParticipantI really only started this thread and recently added the Plum property to show how PL is seeing some declines. Declines that were not happening two years ago. While places in Temecula, Chula Vista, and even Mira Mesa were getting hit hard a few years ago, cities like PL were holding their own, seemingly unscathe.
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