"Affordable Housing," Free Market Style
"Home prices nationwide declined last month for the first time in more than a decade," according to the L.A. Times. As for California, "sales of existing houses plunged 30.1% in August from the same month last year . . . [the] steepest year-over-year decline since August 1982, when sales tumbled 30.4%." The median price is actually up a tiny 1.6%, but don't be fooled by that number, because the number of homes going unsold is tremendous, which is nature's way of telling sellers to wake up and smell the price drop.
Impact: left to its own devices, the free market will be reducing housing prices in the next year or two. Let's not artificially inflate demand, and thus prices, by forcing taxpayers, through Measure H, to spend $1 billion on more housing.
Read the L.A. Times story here: http://www.latimes.com/business/la-fi-housing26sep26,0,2714633.story?coll=la-home-headlines
Posted by Walter Moore @ 9/25/2006 11:02:00 PM
12 Comments:
Let's see if this story give the clowncil an idea to do something like this and stop freedom of speech at council.
Council may ban videotapes from public comment
BURBANK - The City Council on Tuesday will consider banning videotapes from being screened during public-comment sessions, a measure taken by other cities to prevent political posturing and campaigning at public meetings
From today's Daily Breeze (Mayor Sam, start a new thread on this hot topic!)
***********
The president of the Neighborhood Council of Westchester-Playa del Rey and a local police boosters group has stepped down from both leadership posts amid allegations that she funneled boosters' money through her family's security firm.
Gwen Vuchsas, who serves as director of operations for Marina del Rey-based SECO Investigative and Security Services, is the subject of a police inquiry over money reported missing from the Pacific Area Boosters Association, a source close to the investigation said.
The nonprofit group, founded in 1973, does fundraising for the Los Angeles Police Department's Pacific Division and helps support police-oriented youth programs.
Detectives with the LAPD's commercial crimes division are trying to determine why at least $13,000 worth of checks were made out to the Marina del Rey company from the boosters association bank account, the source said.
The discovery was revealed at an association board meeting earlier this month, at which time the group's treasurer also reported that Vuchsas had repaid the organization roughly $13,000, the source said. But prior to that, a low fund balance this summer forced the group to postpone a trip to Disneyland for children in the Deputy Auxiliary Police program, which tries to help 9- to 13-year-olds develop positive relationships with police and build self-esteem.
Walter,
me thinks no one really cares about what you say - if they did wouldn't they be commenting on your blog?
anyone else notice this guy gets no comments on his threads on his own website.
Re: 11:02 a.m.
This is also one of the "Anti" Prop R neighborhood councils, that (remember?) got very angry when a councilmember suggested that maybe NC leaders needed to undergo ethics reviews before they were able to place agenda items on City Council agendas. . . part of the fuel behind the Prop R backlash, to begin with.
http://mayorsam.blogspot.com/2006/08/jack-weiss-ass-clown-of-week.html
Neighborhood Council of Westchester/Playa Del Rey, last election = 672 total votes cast from a resident stakeholder base of 54,675 after almost 4 years of certification (way down from 1,088 votes in the previous election.)
Or, 1.2 percent of residents (which doesn't take into account thousands of non-resident workers and non-resident property owners who qualify as stakeholders).
Ironically, this is about the only "anti" Prop R neighborhood council able to produce something other than sub-1-percent election turnouts with their $50,000 a year of taxpayer money (this NC would have been given $150-200K by now).
What a disappointment, the only "anti" to pass the 1 percent mark yet, and the president appears to have been caught with her hand in (someone's) cookie jar.
It seems "Councilman" John may owe a real councilmember an apology!
Plus, there's another "Anti" NC with a similar story brewing, but this one, based on the location of the council, will probably make the DN, instead.
11:27, we can get up to a couple-thousand readings of a particular post without a single comment. Then there can be 22 readers of another post and half of them comment, and are also interested to keep talking to each other.
Two ways not to judge the influence of a blogger: comments generated, and technorati rankings.
One way to judge a blogger's influence: did you find yourself reading her more than one time? If so, you can bet other people like you are doing so, and sometimes many other people.
YO, IS ANYONE GOING TO STOP THE CONSTRUCTION ON PICO, CAN YOU GET JACK WEISS TO DO SOMETHING
Hey Walter-
Is this the fault of immigrants, too?
How do your buddies at American Patrol and Minutemen feel? And your hero Jim Gilchrist?
You can't judge a neighborhood council by what ONE PERSON did. Let's start posting all the crap clowncil members have done that has been unethical. They ARE PAID politicans and yet have the nerve to "sneak" one by us.
I agree with Zuma. The Clowncil did sneak one in bypassing Ethics Commission, public input, ignorning City Attorney so
YES they did pull a fast one putting Prop R on the ballot. You supporters of Prop R are yet to answer who else is supporting? All we know is League of Women Voters and LA Chamber. WHO ELSE??? Regardless how you slam NC's there's still a lot more people on NC's opposing Prop R so far.
More people read the Enquirer than Voltaire. I'm not terribly concerned with the quantity of comments evoke. Rather, I try to focus more on the quality of essay I write.
Quit picking on Walter Moore. He speaks the truth, on behalf of the group that is the most discriminated against in America: the white male.
Was that MoorelsBetter.com?
3:39
If you think the 15-16 NCs that have taken stands against proposition R actually represent more people than the League of Women Voters and the Chamber, you can't count. The numbers have been posted here repeatedly. Elections in all those NCs combined probably haven't polled more than 2,500 people out of 4 million in the city.
Whose "public" is 2,500 out of 4 million?
Not mine. Mine votes in November.
If you think this is a "sneak" by city council, bone up on the concept of "pure" (versus) "representative democracy.
As for public input -- NCs that can't get 1 percent to vote in their elections do NOT consitute the "public" by any stretch of the imagination or arrogant hyperbole. By all forms of anaylsis they remain the same kind of elitist, non-diverse minority opinion they were supposedly created to do away with, and haven't yet. And judging from their outreach efforts, don't want to.
"Ignoring" city attorney? Again, know of at least a half dozen lawyer-heavy NC boards that have done the same about their own local issues, the makeup of their bylaws, etc. DONE probably knows of a lot more. And BONC commissioners have also gone against the city attorneys advice themselves, openly. The city attorney is an "advisor" just like anyone else, not the final legal authority by any stretch.
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