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Monday, July 31, 2006

Seven Reasons To Reject The "Affordable Housing" Bond

Before your mind is taken over by $3 million in advertising that the proponents of the billion-dollar bond plan to spend, you may want to read my essay entitled, "Seven Reasons To Reject The 'Affordable Housing' Bond."

At the risk of shocking some of you, I never mention the you-know-what issue.

Speaking of aliens, and, in particular, the Borg -- as in "Borg McIntyre -- the character in the picture is named "Seven of Nine," but her friends call her "Seven" for short.

34 Comments:

Anonymous Anonymous said:

Walter,

Great points regarding this hand out to the Proverty Pimps. Point # 4 is especially important. The "carying capacity of the L.A. Basin is max out. Wonder how "Mayor Polloarigosa" is going to stand up to the naysayers ?

July 31, 2006 7:07 PM  

Anonymous Anonymous said:

Seven of Nine was really hot (definitely hotter than Borg McIntyre). If I recall, her former husband had to withdraw from his Senate race in Illinois because he was trying to assimilate her into sex clubs.

Anyway, good analysis Walter. This measure deserves a HUGE NO. Every election cycle it seems we're battling more of this type of fiscal governance by bond measure. Do you have any idea where this supposed affordable housing will be?? Have they announced areas? I assume their won't be much in Arnold's hood. Hopefully though it will get soundly rejected.

July 31, 2006 7:10 PM  

Blogger Walter Moore said:

Thank you, both. Researching it was a real eye-opener; I didn't realize how very many programs there already are, and how very high one's income can be to get aid.

It would really frost me to write those property tax checks knowing that my money is going to reduce the mortgage of someone who makes more money than I do!

And, 7:10, you're right about Seven's now-ex husband.

July 31, 2006 7:15 PM  

Anonymous Anonymous said:

In the business section of today's LA Times, another large employer moves out of Los Angeles. Why??? housing prices.

California employees who chose to make the move are relocating to an area that has an international airport and 19 colleges, including Vanderbilt University. It is within 700 miles of 60% of the U.S. population and is closer to Nissan operations in Canada and Mexico than is the Gardena site.

"This whole Nashville area is about where Atlanta was 20 years ago, so people moving here now are getting in on the front end of a big boom," said Grant Hammond, a broker and relocation specialist with Cindy Jasper's HummerHomes Realtors in Franklin.

For single mother Johnston and her three daughters, ages 11 to 17, the move was a chance to start a new life in vastly improved surroundings.

In Torrance, her family was squeezed into a 1,064-square-foot home she rented from her mother, who has moved to Tennessee as well.

In Franklin, the family was able to trade up to a 4,000-square-foot, two-story, all-brick home with five bedrooms, four bathrooms and a quarter-acre lot. Instead of power lines and neighbors' fences, the views are of tree-covered hillsides.

And at $449,000, Johnston said, the house cost $217,000 less than what her mom received for selling the Torrance place.

July 31, 2006 7:35 PM  

Anonymous Anonymous said:

Reason #8, It is my money and you can not have it. Save your own money and buy your own home!

July 31, 2006 8:57 PM  

Anonymous Anonymous said:

How about Reason #8: No public process for this cockamamie proposal before they sent it to the ballot. Love it or hate it, the Inclusionary Zoning ordinance at least had tons of public participation and input. This thing was put together by a bunch of string-pulling political insiders. Vote NO, NO, NO.

July 31, 2006 9:55 PM  

Anonymous Anonymous said:

Wacko,

I don't want to click a link to your crappy site. Summarize for us right here right now, you lazy fuck!

PS, quit posing as an anony-poster, asking yourself questions and then answering them with your Blogger account is lame, lamer than Bush holding fake townhalls.

July 31, 2006 10:13 PM  

Anonymous Anonymous said:

10:13 PM Speaking of Fake TownHalls
What happened w/ last Polloraigosa Fake TownHall?

July 31, 2006 10:35 PM  

Anonymous Anonymous said:

July 31, 2006 10:35 PM,

MAV, lame like Wacko, lamer than Bush.

PS, you CD14 posters need to come up with something funnier than Chicken-Raigosa. I personally LMAO when I first saw the Villababoso moniker.

July 31, 2006 10:45 PM  

Anonymous Anonymous said:

10:13

Bush never ran out of a townhall meeting unlike Mayor Polloraigosa. Dora and Jenny wern't around to screen the audience.

July 31, 2006 10:48 PM  

Anonymous Anonymous said:

Who's Dora and Jenny?

July 31, 2006 11:17 PM  

Blogger Charlotte Laws said:

I hope to audit current programs, such as are offered through the CRA, to find out whether so-called moderate-income buyers (i.e. those making 100k per year) are being told the truth about purchasing real estate -- namely, that they can afford to buy without inclusionary zoning programs.

It is interesting to see the latest research, Walter. When I checked the numbers back in December 2005, California's highest medium income was in Atherton, CA. I discovered that below market rate (BMR) programs would translate into home-buying subsidies for those with an annual income of $240,000!

July 31, 2006 11:23 PM  

Anonymous Anonymous said:

This is the politicos number one method to circumvent Prop. 13. They did it last election with the school bond, and they are at it again.

Beware homeowners and tenants alike. This will raise your homeowners taxes and the taxes of all the landlords in LA who will get it out of their tenants one way or another.

July 31, 2006 11:32 PM  

Anonymous Anonymous said:

July 31, 2006 10:48 PM,

No, he didn't have to, because the entire audience was pre-screened. Like the Kurdish immigrant woman, suppossed resident of Kansas City, who praised Bush for waging war in Iraq.

Funny enough, at the same "town hall", a college student who slipped through the censors grilled Bush on education budget cuts. Irony!!!

But don't deviate from the point. That comment was directed at Wacko and his lameness in posing himself questions.

August 01, 2006 12:05 AM  

Anonymous Anonymous said:

The room went Silent. Our Sound Guy is one of those soft sincere dads who works in TV in a small town and is more impressed with his daughter's report card than a Hollywood star, so we were SHOCKED to hear what came out of his mouth next...

"Remember a few years ago when Ben Affleck and Matt Damon were here shooting Project Greenlight?" (They had gone to Sundance to interview directors and writers and try and create a publicity stunt and an episode out of it.) "I was doing sound in the condo where they were both lodging and filming. At one point Ben took a break from shooting and disappeared upstairs to his bedroom. By mistake he left his wireless mic on."

"Jennifer Lopez was there with Ben, but was hiding out in his room the whole time. At first when I heard Ben kissing her hello, I immediately went to turn the volume down on my headphones. But then they started kissing loudly and making noises, and I felt so guilty, but I left the sound up, and heard Jennifer saying 'I love you baby, I love you... You wanna get busy, baby. You wanna get busy?'"

"Then I heard Ben reply, .'Are you sure you're feelin' better? I don't want you to shit on me again.'"

Silence. Then screams from everyone on our crew. Our dear sound guy seemed like he had finally told a story he'd been holding onto for years, and was relieved to tell people who found it more funny than disgusting. I think it is perfectly both."

August 01, 2006 12:06 AM  

Anonymous Anonymous said:

Is J.Lo a voodoo doll?
Ex says he was hexed






Count your chickens Jennifer Lopez's husband No. 1, Ojani Noa, here with his former wife in happier times, claimed in a court deposition that the bootylicious bombshell used Santeria to influence him - and other men in her life.

That bewitching booty may not be the only mojo Jennifer Lopez has working. Her former husband Ojani Noa claims J.Lo cast "voodoo" spells on him and other lovers.
After their marriage ended, "She was doing bad things to a lot of people," Noa alleged in a deposition last month. "She was doing all this religious bull- ... to me, to [second husband] Cris [Judd], to Puffy [Combs], to [current husband Marc] Anthony."

Reps for Lopez and Combs declined to comment on the hoodoo charges yesterday.

Noa made his claims during a grilling by Lopez's lawyers in connection with their 2005 agreement barring him from discussing their 11-month marriage.

August 01, 2006 12:14 AM  

Anonymous Anonymous said:

July 31, 2006 7:35 PM,

"And sealing the deal: Tennessee offered a $197-million relocation package as a lure while California could counter with only $20 million in inducements, mainly job training assistance and reduced utility fees."

Why the hell should California, Tennessee, or any other state bend over and take it in the ass for any company? We the people should not be held hostage by these bastards!

"Moving Nissan's North American administrative headquarters — including its financial, marketing, product planning and engineering staffs — to Franklin will place the operation within a 40-minute drive of the company's North America manufacturing headquarters in Smyrna, Tenn., where Nissan has invested more than $2 billion and employs 6,500 workers."

Funny thing, Nissan doesn't want to open any US plants in states that allow unions, that's why they entrench themselves in the South. They have so-called rigth-to-work laws there, or as some call them, right-to-fire laws. Miserly Nissan, we're glad you're gone!

'There's a great, big regional shopping mall, and most of the stores and restaurants are the same ones we see in California,' he said. 'Yet a few miles away you're in downtown and there's lots of local color too...We're giving up dim sum and first-run independent films, 24-hour grocery stores. There'll be no more morning coffee at the Newsroom with Robert Downey Jr. sitting at the next table, and we'll miss sunset walks along the strand in Manhattan Beach,' Hedrick said."

Good riddance buddy. Enjoy your zealous bible belt all you want, we prefer the left over here!

August 01, 2006 12:25 AM  

Anonymous Anonymous said:

Sure you're happy to see jobs diminish.

August 01, 2006 12:30 AM  

Anonymous Anonymous said:

August 01, 2006 12:30 AM,

I'm happy to see my state holding it's ground against a greedy corporation that wants a free lunch ticket. What the hell do they want, we're giving them the best workforce in the country!

Nobody is happy when jobs are lost, but we will not be held hostage by rich folks. Analyze your comment before blurting it out, asshole!

August 01, 2006 12:36 AM  

Blogger ubrayj02 said:

If cowards and the ignorant won't support a real solution to high housing costs, then we get b.s. bond measures floated that don't have much of a chance of solving the overall problem, but at least make a tiny dent. It is an easy sell to voters that you will help make life easier in this City by trying to provide housing for its citizens.

If anyone wants to see the price of housing decrease dramatically, simply upzone every major boulevard in Los Angeles and decrease the amount of parking required per dwelling unit on those corridors. Quick, dirty, and probably liable to spin out of control. However, this will definitely ensure that we have more places for people to live and work in this massive metropolis without pulling in $160,000 per year and dumping most of it into mortgage payments. Cars would have to be made secondary to other types of transport if this were to be implemented, but I guarantee that housing prices would fall. No need for bonds, government subsidies, or density bonuses. The thing that sucks about voting "No" on a housing bond like this, is that the right wingers who oppose it have no real solutions to propose except more slow-growth bullsh*t from the 1980's.

Upzoning won't ever happen, so we get stuck with bond proposals. Given our current political climate, this type of proposal is as good as it is gonna get.

And point number 4 regarding the "carrying capacity" of the Los Angeles Basin being exceeded? You must have just gotten off of the airplane, you rube. Take a walk from your new mansion in Hancock Park to a public library and check out what the "carrying capacity" of Los Angeles was before the LA aqueduct, the Bay Delta Aqueduct and the Colorado River Aqueduct! Drive out to the desrt and ponder those massive power lines bringing electricity from our neighboring southwestern states. "Carrying Capacity"?! You have no f*&king clue pal.

Let me guess - you want us to return to the "natural" state of affairs in Los Angeles? The one where we're all living in harmony with the earth and the trees, etc.? Or is it the state of affairs where the poor get the hell out of your way, and don't bother you with their "problems" (which we all know are caused by their laziness and their coming from bad stock).

Good grief - vote HELL YES!! If nothing else, the high incomes the administrators of the bond program will get paid will create at least a few more people who can afford to live in the City.

August 01, 2006 12:58 AM  

Anonymous Anonymous said:

The main backers of LA's affordable housing bond and the state's affordable housing bond are businesses. They're losing good employees to other states - Nevada being #1, Florida being #2. When a moderately educated person can make $45,000 a year and live 20 minutes from the office in a home that costs $150,000 you better believe people - especially people with kids or elder parents to take care of - will start to get interested.

LA is such a cesspool anymore that there is little to like, let alone LOVE. I'm promised a bonus if I stay with my firm one more year and then I'm out of here. I've lived and worked all over California, most of the South and parts of the Northeast. There is nothing wrong with the South, there is quite a bit more to like in cities like Memphis and Nashville and Atlanta than ANYTHING in LA. Assumptions that every part of the South is "bible thumping" territory are as old as Walter Moore's hairdo. You think you don't have rednecks in Bakersfield? How about Sunland?

Attitudes like most of those expressed on this blog since Walter Moore became CEO are just one of the reasons I want out. This town has become a sick soup of elitist snobs and their illegal Mexican gardners with no room, patience or compassion for anyone in between. I hope you're all very miserable together.

August 01, 2006 1:03 AM  

Anonymous Anonymous said:

I wonder how many Fortune 500 companies we have in our city. Businesses aren't coming to LA anymore they're leaving. LA has gone down hill with all the blight caused by the illegals. They rent a house and move in 5 families. Landlords do nothing, the neighborhood depreciates and you start getting neighborhoods looking like TJ. Affordable Housing is for all the welfare receipents not the hard working people in LA. Anything coming out of city council and those clowns everyone should VOTE NO ON

August 01, 2006 7:44 AM  

Anonymous Anonymous said:

Wendy looked so unprofessional with that blouse hanging out. It was embarrassing with all the money she makes not to wear a nice business suit.
latimes.com
Question: Where was Greuel's live body during the outages in her Valley-based district last week?

Answer: On July 23, at least part of her day was spent schmoozing with prospective Jewish voters at a pro-Israel rally on Wilshire Boulevard.

Greuel, who isn't Jewish, was seated behind Gov. Arnold Schwarzenegger on the dais, wearing a bright red blouse — just the kind of color political consultants tell their clients to wear to be noticed.

And it worked! Anyone watching television at home couldn't miss spotting her on the news that night.

By all indications, Greuel did take care of her constituents during the heat wave. But it has become increasingly difficult to overlook that she's also spending a lot of time outside her district at camera-drawing press events involving Mayor Antonio Villaraigosa, who was also at the rally. So was Councilman Jack Weiss, another Villaraigosa ally.

What gives? Greuel is up for reelection next year — she has no challengers thus far — and she's also eyeing a run at controller in 2009 and possibly mayor at a later date. Therefore, she's in a never-ending quest to raise her profile across L.A. — and what better place to start than the Jewish community?

August 01, 2006 8:14 AM  

Anonymous Anonymous said:

12:36 AM
Hold our pride and lose jobs?

Sincerely,
Asshole

August 01, 2006 10:01 AM  

Anonymous Anonymous said:

August 01, 2006 10:01 AM,

It's not about pride asshole, it's about $120,000,000.00 of taxpayer money, that a greedy, super rich multinational corporation doesn't need, but insisted on extorting from our dear state.

I'll support that any day of the week. If you think otherwise, then you should move to that hick state!

August 01, 2006 10:27 AM  

Anonymous Anonymous said:

Gardenans fret over ripple effect of a Nissan departure
Business owners are worried they will lose a lot of customers if Nissan moves its U.S. headquarters to Tennessee.
By Eddie North-Hager
Daily Breeze

Jason Kikugawa doesn't get a paycheck from Nissan. But the manager of the Paradise Restaurant is nearly as concerned as someone who does that the automaker's North American headquarters might be leaving the South Bay for the greener pastures of Tennessee.

"This will be real tough in the short term," Kikugawa said. "Anytime you lose that many customers, everyone is a little concerned."



Kikugawa looked around the busy, upscale restaurant Friday and wondered just how many patrons eating filet mignon and pesto-crusted salmon work at nearby Nissan.

The loss of 1,300 Nissan employees would, of course, have a significant impact on the restaurants and service businesses that have popped up in recent years in the Carson area where 190th Street turns into Victoria Street.

In addition to the Nissan jobs, the effect could translate into another 1,500 jobs lost in the region, said Jack Kyser, director of the Los Angeles Economic Development Corp.

"These people could lose jobs because of downsizing," Kyser said. "These jobs are at risk. It is definitely a ripple. A lot of these firms have located there because you have Nissan and other headquarters."

Newspapers in Tennessee and Los Angeles last week quoted anonymous sources confirming the move to the Nashville area. But a purported internal company memo to employees stated no decision would be made until the middle of this month.

Kyser said he wasn't sure what the typical profile of a Nissan employee would be. But there is no doubt the Carson headquarters has its share of high-priced executives as well as low-level assistants.

"They are making a lot of spending decisions in the area," Kyser said.

Nissan doesn't produce sales taxes, and the property taxes the buildings generate will continue with or without a tenant, said Ron Winkler, Carson's economic development general manager.

"The losses are hard to gauge," Winkler said. "They didn't really share how many employees are living in Carson, L.A. or Torrance or wherever. So it's hard to quantify."

Carson Chamber of Commerce Executive Director John Wogan said Nissan would be missed because it's a good corporate citizen. The company has been an active member of the chamber and helped renovate the Boys and Girls Club.

August 01, 2006 1:47 PM  

Anonymous Anonymous said:

"It will be a tremendous hit to our business if they move and no one replaces them. Nissan employees are probably 60 percent of our business," said Alan Goldhammer, owner of nearby Lucky 300 Liquor & Deli on Victoria Street.

"I can't sit around worrying about it. All I can do is hope it works out and, who knows, maybe I'll get something even better."

August 01, 2006 1:50 PM  

Anonymous Anonymous said:

what's happening with Nissan is one reason the business community is supporting the bond. they can't attract good workers to LA because you have to be rich to buy a house. if businesses like Nissan leave LA for places like Tennessee there go the jobs! but I guess Walter Moore doesn't need a job, judging by the amount of time he spends blogging. Walter must have made enough money selling real estate to be able to afford not to work anymore. so he doesn't care about jobs leaving LA.

August 01, 2006 2:42 PM  

Blogger Walter Moore said:

"In addition to the Nissan jobs, the effect could translate into another 1,500 jobs lost in the region, said Jack Kyser, director of the Los Angeles Economic Development Corp."

You know who's in the "Los Angeles Economic Development Corp."? LACEDC's membership list (http://www.laedc.org/membership/companies.html) includes the Bank of America, Wells Fargo, Gibson, Dunn & Crutcher and a passel of other giant law firms, the Beverly Hills/Greater Los Angeles Association of Realtors, etc., etc.

August 01, 2006 2:43 PM  

Blogger Walter Moore said:

The so-called "business community" you hear about supports the bond because it is a $2 billion expenditure controlled by easy-to-buy politicians spending someone else's money. If you are a builder, banker, investment banker, lawyer or labor union, you want a piece of that giant billion-dollar pie.

The REAL business community wants much simpler things, like repeal of the business income tax and faster processing of permit appliications.

And, Sparky, how do you think I became a homeowner? You think it was because I expected my neighbors to buy me a #$%^ house? No. I worked and saved. For years. Try it. You might enjoy it more than whining.

August 01, 2006 2:47 PM  

Anonymous Anonymous said:

and check out the Daily News slideshow today with Diva-raigosa & Tony Blair. Looks like the "Cha-cha of the Two Tonys"

August 01, 2006 3:46 PM  

Anonymous Anonymous said:

What are you looking at sugartits?

August 01, 2006 5:36 PM  

Anonymous Anonymous said:

"Ego-raigosa" loved it when he was called the "Latino Blair" by some British scribe.

Enough said

August 01, 2006 8:08 PM  

Anonymous Anonymous said:

Lucky 300 Liquor & Deli? Are they worth $120 million bazookas?!?!?!?!?!

Nissan's greedy ass can rot in hell. They'll always be the #2 Japanese brand, behind Toyota. Fuck 'em.

August 01, 2006 11:44 PM  

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