Thank you for blessing Bend with your bountiful love & goodness. Thank you Baby Jeebus for keeping medians high and volumes low so that Realtors don't have to work so hard.
With the blessings out of the way, I would like to ask, itty bitty tiny Baby Jeebus, that you exercise your religious powers and smite the following intolerable bullshit:
First, little tiny Jeebus, please smite all the motherfuckers that park in handicapped spots who can walk just fine. Please smite them with a car key up the side of their Cali-plated Escalade. And Baby Jeebus, smite the bitches who wait forever in parking lots for other people to leave parking spots, blocking all possible forward motion, so that they might not have to walk an extra 10 feet. Smite the fuckers who leave their shopping cart in driving lanes. Smite the dumbshits who frantically climb over people to buy stupid video game consoles. Smite the dog owners who let their motherfucking dogs bark all night, and shit in the park & don't clean it up. Bless you Baby Jeebus for smiting the fuck out of the dogs & owners who are in constant violation of this simple human decency. In general, tiny Baby Jeebus, smite selfish rude assholes, and smite 'em good.
Little tiny Baby Jeebus, please smite all lawyers. Thank you for smiting Africa with John "Hum-Job" Hummell, asshole lawyer extraordinaire, and please itty bitty Jeebus, give that cocksucker The AIDs or some other bodily-fluid transmitted disease he gets from butt-banging some underaged Afrikaner. But little bitty Baby Jeebus, please smite every motherfuckin lawyer with the AIDs & gonorrhea. I hate those fuckers & they should all die.
And little, tiny Baby Jeebus, smite all the fake-tittied, big-haired Cali skanks that have ever come to Bend. Smite these bitches, and smite their plastic surgeon as well. Smite their augmentation procedures, and little Baby Jeebus, smite their silicon implants with weak spots that burst while they are being titty-banged. Old bitches that look like Frankenstein prostitutes are an abomination, and we both know it. Little Baby Jeebus, it'll simply be easier if you smite every female Realtor in and around Bend, because they are all sleazy ex-Cali-bangers trying to look 20 while they 95. Please make them die, Baby Jeebus.
And Baby Jeebus, thank you for smiting The Plaza, The Shire, and other completely fucked-up retard projects. But Baby Jeebus, I ask you to smite the motherfuckers who lent them the money as well. Smite everyone up the financial chain responsible. Fuckers need to learn some fiscal responsibility, itty bitty baby Jeebus. But Baby Jeebus, I just ask that you not smite Patty Moss, Cascade Bancorp's CEO. It is pretty clear, little Baby Jeebus, that you done smote her ass with an ugly stick unmerciful.
And in a related non-smiting, for the love of Christ baby Jeebus, do not smite Hillary anymore either.
And we thank you Baby Jeebus, for beginning this macro-smiting of all the greedy-ass builders, Realtors, crooked mortgage brokers, and every other get-rich-quick motherfucker that has moved to Bend solely to make a quick buck. But Baby Jeebus, please reserve a special smiting for Randy Sebastian, hypocritical homo-erotic mega-fag. Please, itty bitty Jeebus, smite this fucker with the flesh-eating virus, so they we never again have to endure his smug motherfucking crossed arm bullshit. Please smite Sebastian, Ron Garzini, Ray Kuratek, Jeff Holzman, Larry Craig, and maybe some other in-the-closet Republican faggots, by getting them all caught in a public toilet giving each other the circle jerk. Let Larry Craig be caught looking at Garzini's asshole, Garzini looking at Kuratek's asshole, Kuratek looking at Holzman's asshole, Holzman looking at Sebastians asshole, and Sebastian looking at plans for Shevlin Reserve, which we all know is The Asshole of Bend.
And itty, bitty precious Baby Jeebus, please smite the motherfuckin road between Bend & the Cali border. Smite every North-bound motherfucker on this road with disease, pestilence, and a shotgun blast to the head from some gun-toting LaPine "Minutemen", charged with killing the shit outta Cali bangers come to Bend & fuck it up. Please give Cali-bangers the knowledge that they are to Bend, as the US is to Iraq: Well-meaning selfish fucknuts that are wrecking the place by imposing their will on a blood-thirsty insurgent population that will slaughter their ass at all costs to get rid of them. Please little itty bitty precious Baby Jeebus, smite Cali-bangers, George Bush, fake tittied Realtors, and the US Army in one big motherfucking smiting to give us victims some measure of your intolerance, hatred, and cruel irony in wiping out unwanted invaders.
Little tiny, itty bitty Baby Jeebus, please smite the big box retail invasion of Central Oregon as well. Smite Trader Joes, if only so they'll close & take at least a few consumerist freak Cali's with them. Smite the Porsche dealer, the Mercedes dealer, and Pronghorn. Smite all upscale restaurants, like Deep and the lame ass Merenda. Smite all upscale consumerist bullshit, which as you know full well itty bitty Jeebus, would be the smiting of 95% of Bend. Please baby Jeebus, smite the consumerist nightmare that is America.
And little tiny, itty bitty Baby Jeebus, despite the fucker cutting & pasting some of the same bullshit over & over & over, do not smite BendBust. Only smite him a little when he uses the words "cunt" or "twat", or posts a link to technicolor hemorrhoids. Which of course means he would receive the All Time Mega-Smoting of the Universe. If he does it again, for the love of Christ, itty bitty Jeebus, just shove a shotgun up that cunt's twat, and pull the trigger. And little precious Baby Jeebus, do not smite Timmy. Or Bruce. Or BendBB, despite the fact that he likes to chain his nipple rings up to a paint-shaker. He's an OK guy Baby Jeebus, and I hope that you let me throw him a burrito before the years out. He's lost $200K of the $220K that he paid for his westside sugar shack, and is keeping a stiff upper lip about it. Baby Jeebus, just so you know him when you see him and will avoid smiting his ass, here is a picture of BendBB laughing uncontrollably at the funniest joke he's ever heard:
Speaking of whacko's you can smite on an individual basis, please smite everyone on Bend City Counsel... AGAIN. You done smote 'em once it's clear, as they are the most incompetent pack of dumbfucks to ever walk this planet. But please, just one little extra bit of smiting in 2008, so that Bend is striken with some of the most fucked up shit ever, like ramps for gimps that have 1,000% markup, and even then it ain't to code.
And smite Cushman & Tebbs, pictured here:
Little tiny Baby Jeebus, this ain't exactly Cushman & Tebbs, but if they were dudes, this is exactly what they'd look like. So mow the 2 fuckers down whenever you have a minute.
And little, itty, bitty, tiny Baby Jeebus, smite the shit out of The Bend Bulletin, Cascade Business Buttfuckers, and KTVZ. Smite David Fisher & Anna Sowa, and smite everyone on KTVZ, even the hot chicks, for all those heinous self-serving bio pieces where we have to endure total bullshit like Christian Boris claiming he spends his days in the Cascades when we know full well that metrosexual fucker spends his nights watching gay porn. And little Baby Jeebus even smite the mega-hot Molly Hendrickson, and quasi-weird-hot Nina Mehlhaf for even participating in KTVZ's tired as shit self-serving "We're Local, so don't watch KOHD, and we were first in hi-def so try to forget the 'HD' part of KOHD, we need to keep this monopoly so we can cycle through as many hot-chicks as possible paying them rock ass bottom wages, cuz the station manager is a motherfuckin pervert" bio pieces. Please Baby Jeebus, smite that shit hard. And baby Jeebus, don't forget to smite the Bulletin for only putting RE pieces in the online version of the paper on the way up, and worthless ass bullshit pieces online now that we've busted.
And speaking of bullshit pieces, thank you Baby Jeebus for the Bulletin piece basically printing that this place is a deluded bunch of drug-addicts, by printing this quote from Sandy Henderson, new head of the perennial money-losing BendFilm:
'You know what, there’s got to be Prozac or something in the water, because everybody is happy.’
It's called KOOL-AID Sandy, and it will soon render your mind whithered & useless. And thank you baby Jeebus for this series of idiotic quotes from the same piece:
"“The brilliant thing about L.A. is you see a lot of people at the top of their game,” Henderson says. “You see the very best of it, and you see the worst."
“My question was,” says Bailey, 'Are you too big for BendFilm?’ Given her background, it was like, 'Wow, this person is such a heavy hitter. This person has been in the big leagues. Does she come with a heft that would just overwhelm anyone here in town?’
He answers his own question: “It’s clear that’s not her personality. She doesn’t bring an L.A. personality to the job.”
“Yeah, that’s the best thing I can say about her,” said Bailey. “She doesn’t have an L.A. personality.”“She came strolling right up to me and said, 'You don’t know me, but I’m going to be on the selections committee next year, because I worked in L.A., and I know film, and I want to be involved in BendFilm.’ I was like, 'Wow, who are you?’”
Again, Baby Jeebus, smite the living fuck out of self-loathing Californians who come here to "get away from Cali-assholes & that whole Cali thing", yet the second they're here they want Central Oregon to be a carbon-copy filled with a rude-ass pack of cocksucking cannibals, just like where they came from. Please baby Jeebus, kill these L.A. glorifying - L.A. hating conflicted motherfuckers. No, scratch that Baby Jeebus: Disfigure the fuckers first, then kill them.
And little Baby Jeebus, for the love of Christ, tell me why The Bulletin has turned into some sort of fucked-up match-making whorehouse, with quotes like this?In 1987, she moved to the U.S. She would become a legal resident and settle in Los Angeles, “with the singular goal of being involved in film, because it’s always been my passion. It’s always been my first love,” says Henderson, who incidentally is not involved in a long-term relationship.
Baby Jeebus, please tell me why the fuck the marital status of some clearly lesbian Cali-bitch who has just been promoted from selling radio ad time to running a chronic money-losing 2nd rate piece of crap film festival, is the least bit important? Please baby Jeebus, Why?
In closing baby Jeebus, we thank you for the Smitings Of 2008:
- Medians at $280K, down $100K from the all-time highs at $380K in Sept 2006.
- Patty Moss losing her CEO job at Cracker-Ass Cracker Broke Cascade Bancorp.
- The foreclosure on The Plaza, and most likely The Shire, The Garag-mahol & Tuscany Arctic Tropical Pines
- Mike Hollern for his double-dipping of bullshit with his anti-clothesline Nazification of Awbrey Butte, and his Fake Titty Auction
- Buena Vista homes rigged auction ripoff which resulted in 100% failure, which will be duplicated in their future Bend auction.
And little Baby Jeebus, please smite me & this blog, also. I'm an asshole & I know it. And itty, bitty Baby Jeebus, smite yourself & religion itself as well. What sort of fucked up indoctrination & brainwashing causes more suffering, death, and hatred than religion, I'll never know. Thank you tiny Baby Jeebus for inventing religion as the most inhumane method of population thinning ever conceived.
And Baby Jeebus, smite our fuckin troops in Iraq. And Jesse Jackson. And smite the bastards that don't want it to be "Merry Christmas", but "Happy Holidays" turning this country into some sort of Generic Religion-Agnostic Zone, fuck you & smite you in the ass. Go back to motherfuckin Syria, you Islamic fuckers. And smite all the black motherfuckers that blame Whitey for all their problems, and then while you're at it, smite Whitey. And smite liberals, conservatives, and for the love of Christ, just kill OJ. And Baby Jeebus, do not smite the Iran nuclear program, and please bring it back, so that we nuke those towel-head motherfuckers and we are dragged into a war-torn conflagration that drags our sorry ass down a peg. This country is fucked up & needs to be kicked in the balls. With a nuke.
In your name we pray, itty bitty tiny precious Baby Jeebus, AMEN.
P.S. And Baby Jeebus, tell all the commenters here that Paul-doh be on vacation for awhile & might not post for a week or 2, and if they don't like it, smite those fuckers hard.
213 comments:
«Oldest ‹Older 1 – 200 of 213 Newer› Newest»Dude. Take that vacation. Take all the time you need.
This may be the greatest thing ever posted to the internet.
"may be"?
Jeebus, smite that fucker.
Happy holidays Paul-doh!
Can someone please post the article today in the BULL about the economy.
We need blogger fodder, bad here in Bend.
First there was Hemingway, Tolstoy, McGreary, BendBust, and now Homer.
Literary giants.
please tell me why the fuck the marital status of some clearly lesbian Cali-bitch who has just been promoted from selling radio ad time to running a chronic money-losing 2nd rate piece of crap film festival, is the least bit important?
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It's important, because, ... The bitch moves here, to 'cheap aspen', finds there is nothing to sell or pimp, and see's 'bend film festival'. So now that we have a new cali running the show DVA/VCB can cut another Million from the taxpayers. Besides 'new line' this bitch gave frodo a blow job, which means that this time they really will cum, to Bend.
The 'bend film festival' is a self made job, you get a huge-budget of taxpayer dollars, and get to give yourself a salary, and in Bend that is a big deal.
let's not forget that the BULL, the people who wrote this story, e.g. the editors, the wife of such 'editor' works at VCB/DVA, and thus its important to create BUZZ right now with regards to 'bend film festival' and secure the money NOW, when the winter economy has folks in spirt, because by spring these kinds of frivolous usage of taxpayer money is OUT!
Quit spending our money on YOUR FUCKING HOBBY.
I have lots of hobbys, but I don't make a 'festival' out of it, and I don't BEG for a million dollars from DVA/VCB ( city of bend ).
Blogola boosts Bend economy
Local bloggers rejoice, praise Allah
By David Jasper / The Bulletin
Published: December 23. 2007 5:00AM PST
Disappointment.
That's what Paul-Doh felt a year ago.
What a difference a year can make.
Back in fall 2006, Bend Economy Man was a lonely voice in the wilderness, blogging about the Bend housing bust for low wages (well, actually no wages).
Doh, who had been in Bend four months, fresh off of 16 years working in the fish processing industry in Los Angeles and his native Australia, knew his dream job when he saw it.
Fortunately for him, Bend Economy Man stepped down and Doh took over the job just as the local real estate industry started offering blogola for coverage. Using a mix of sarcasm and frequent references to bodily functions, Doh built BendBubble2 up into a vast media empire.
Sitting in the BendBubble2 office, Doh, 42, tells of his childhood in Adelaide, a south Australia city known for its winos, brothels and sadistic culture in general.
"Australia was a penal colony, by the way," interjects Becky Breeze, president of the BendBubble2 board of directors and Doh's friend and foil.
"Thanks so much for that," Doh answers. "But Adelaide is actually where all the janitors lived, so" — here he sticks his tongue out at Breeze, who’s chuckling — "to you."
Martial Law, Now with Baby Jeebus!
The Bulletin, Bend, OR on Sat, 2007-12-22
Via Scholars and Rogues comes this disturbing little blerb that seems almost drugged to calmness in this discussion of what will could happen in the event of an emergency that ’requires’ martial law:
But gun confiscation is exactly what happened during the state of emergency following Hurricane Katrina in New Orleans, along with forced relocation. U.S. Troops also arrived, something far easier to do now, thanks to last year’s elimination of the 1878 Posse Comitatus act, which had forbid regular U.S. Army troops from policing on American soil.
If martial law were enacted here at home, like depicted in the movie “The Siege”, easing public fears and quelling dissent would be critical. And that’s exactly what the ’Clergy Response Team’ helped accomplish in the wake of Katrina.
Dr. Durell Tuberville serves as chaplain for the Shreveport Fire Department and the Caddo Sheriff’s Office. Tuberville said of the clergy team’s mission, “the primary thing that we say to anybody is, ’let’s cooperate and get this thing over with and then we’ll settle the differences once the crisis is over.’”
Such clergy response teams would walk a tight-rope during martial law between the demands of the government on the one side, versus the wishes of the public on the other. “In a lot of cases, these clergy would already be known in the neighborhoods in which they’re helping to diffuse that situation,” assured Sandy Davis. He serves as the director of the Caddo-Bossier Office of Homeland Security and Emergency Preparedness.
For the clergy team, one of the biggest tools that they will have in helping calm the public down or to obey the law is the bible itself, specifically Romans 13. Dr. Tuberville elaborated, “because the government’s established by the Lord, you know. And, that’s what we believe in the Christian faith. That’s what’s stated in the scripture.”
Civil rights advocates believe the amount of public cooperation during such a time of unrest may ultimately depend on how long they expect a suspension of rights might last.
Story by Jeff Ferrell
So will I have to paint the blood of a lamb on my front door to get aid, or is that just for Christians? And if I don’t accept the authority of Christians to mediate, does that mean the Christian with whom I’m disagreeing automatically gets what they want?
Creeping and not so creeping, the merging of government policy and Dominionist Christianist theology is well in progress.
2007-064829 PDF TIF DOC TYPE: Deed CONSIDERATION: $3,671,236.80 DATE REC: 12/19/2007 4:09:42 PM
DIRECT: CITY OF BEND INDIRECT: SCHWAB HEADQUARTERS LLC
SUBDIVISION: PP 2007-78 LEGAL: PARCEL
Here's a direct link to the deed.
http://recordings.deschutes.org/TempImages/96490411694015.pdf
You ARE THE MAN!!
Merry Christmas, MFer!!!!
I haven't laughed my ass off so hard in ages, Crips I peed my pants too. Thanks for that!
Crips I peed my pants too.
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What about the Bloods? Don't piss off those LA gangs.
Great catch on the LS JR Deed. I just posted the news and a link, along with a JPG of the price page, on http://www.juniper-ridge-info.blogspot.com
Major kudos :)
Bruce,
I cannot stress enough, that you cannot believe anything you read, nor trust anything you hear from Bend City Staff.
You really need to find a credible source of information, or better yet, an insider.
Most likely the "contingency notice" was removed MONTHS ago, so a good project for you would be to corner the acting city-manager, and explicitly ask when did they close that doc. YOU already the KNOW the city-council don't know what the fuck that goes on in Bend.
They're just pretty faces, its the city-manager that signs all docs, and gets real work done, for all this matter, it was probably Garzini back on Oct 15, 2007 that closed the DOC, for academic reasons you should still figure out how they managed to lead you around like a bitch on a leash for so many months,
But personally I think given you just arrived from Utah, and that your a MORMRON spokesperson, and your all praise for "MIKE MORGAN", church of JEEBUS CHRIST,
Let's all feed the people of Bend SHIT, and put them on a steady diet of creationism.
So I guess tomorrow morning we'll see the news in the BULL. Or maybe Tuesday...
It's kind of funny, it seems like they are starting to follow these blogs and getting stories, like the foreclosure surge. But then they write a story about how it's really not that bad, it isn't any higher than it was in 2002. Of course, the dollar amount is at least double, but hey, the devil is in the details. And the BULL doesn't do details, or it would have made a graphic of the actual numbers from my chart of the monthly numbers over the last two years.
All the praise here for 'mike morgan', and how he forced exec-sess in Sisters, cunts lets remember this is a creationist ploy to force creationist dogma on the public school kids.
Yeh, great lets assume that Mike Morgan, with all his passion to set science back 2,000 years can come to Bend, and DO HIS MAGIC.
Pleeze, this is why I always call you people cunts.
Nobody here ever does his homework, pleeeeze duncan kill your fucking TV, and run for mayor.
Blogger bruce said...
So I guess tomorrow morning we'll see the news in the BULL. Or maybe Tuesday...
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Brewski,
YOUR FUCKING HOMEWORK has already been assigned.
1.) Find out how much money KURATEK has gotten to DATE, and don't tell us fucking zero.
2.) Find out when the contingency agreement was waived.
It's time to put up with some fucking facts that match reality, and not what you would like things to be.
Don't waste your fucking time with graphs, that's what BENDBB and HOMER do.
On a related note, it looks like Garz and Kuratek and Holzman are making up, pretty much on Garz's terms. I have trail of emails and a Dec. 11 letter that Garz sent to Kur and Holz that ends "We ask that you memorialize JRP's and JRI's intention to negotiate in good faith the terms and conditions of a DDA in accordance with my earlier (i.e. Oct. 23) memo by signing this letter in the spaces provided below." Or else they would be looking at a termination negotiation.
Kur and Holz both signed and Ray was going to hand deliver it to Garz at the 12/19 City Council meeting.
I'll get it scanned and up on my blog in the near future.
Re: It's time to put up with some fucking facts that match reality, and not what you would like things to be.
Hey, I'm just passing along what the City tells me. I may have asked the wrong question, or whatever. It's hard to believe that Kuratek and Holzman worked on it for so long for free. I'll try to think of a better way to ask the relevant questions.
Blogger bruce said...
Re: It's time to put up with some fucking facts that match reality, and not what you would like things to be.
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Please remember this is all about tough love, we really do love you.
Re: the Contingency Removal Notice
Quote from Dec. 21, 2007 letter to me from Kim Meyers, Deputy City Recorder:
"In response to your requests 2 through 4, there have been no payments to Juniper Ridge Partners, no Contingency Removal Notice from Les Schwab, and no Notice of Alternate Phase 1 Purchase Price to Les Schwab from the City."
So tell us bruce, Do you push this creationist crap on the kids you teach??
Yeh, these folks got passion, no doubt about that. If we had 1/2 dozen people with the passion of these jeebus ( jeezus fuckheads ) freeks, banging bibles on their heads, if we had that passion, we have an open city government in Bend.
But the fact is religion is used by the government to control the MORMRONS, and their CHRISTIAN-MRONS.
The trouble with Sisters and BEND the only people with PASSION to be involved with their government are organized criminals ( hollern, smith, garzini, capell, ... ) or bible thumpers, all else sit in front of their fucking TV.
***
A local expert on Exec Session meeting allowances and non-exemptions is Mike Morgan in Sisters.
He sued the Sisters School Dist and got them to now record in audio tape their Exec Sessions. He also won his legal fees.
It sounds like the Bend City council is also using the exemptions fast and loose. City councils and school boards follow their legal advice, which generally means they always try and do things in Exec session. It is really amazing that the Bend City Council and Les Schwab got putting their deception in writing. "Yeah, lets call it a lease appraisal negotiation, so we can keep it secret". Disgusting.
Give Mike Morgan a call in Sisters, Mike and Jan Morgan. He will help you out.
Dec. 21, 2007 letter to me from Kim Meyers, Deputy City Recorder:
"In response to your requests 2 through 4, there have been no payments to Juniper Ridge Partners, no Contingency Removal Notice from Les Schwab, and no Notice of Alternate Phase 1 Purchase Price to Les Schwab from the City."
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Bruce-CUNT, its obvious they have lied to you ON ALL fucking counts, remember that EVERYTHING in BEND is a 'real estate appraisal'. When are you going to to go back to these people with facts and get them to level with you, rather than continue to tell us what they told you for public consumption.
YOU STILL HAVEN'T answered MY FUCKING question.
How much has KURATEK gotten to date from the city of Bend.
I don't want to hear about JRP or any other intangible LLC.
bruce,
according to your own fucking theory, the JR sale could close until the contingency agreement had been settled, but you NOW know that the sale took place dec 7, 2007.
thus the contingency was most likely null&voided by an addendum,
You really need to learn how the system works, and ask the right questions, these people are leading your around like homers dog on a leash.
For the clergy team, one of the biggest tools that they will have in helping calm the public down or to obey the law is the bible itself, specifically Romans 13. Dr. Tuberville elaborated, “because the government’s established by the Lord, you know. And, that’s what we believe in the Christian faith. That’s what’s stated in the scripture.”
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Homer, I have been around for a long fucking time, I have seen these fucking peaks and troughs, and were getting setup for the BIG fucking BIBLE THUMP. Its fitting that you mention the baby-jeezus.
Because these fuckers are now trying have our sources of information, and spokespeople be bible thumpers.
Here's a New Bend Hymn.
"Jeebus want Mike Hollern to make Billion on Bend, because the Church told me so"
"Bend Mormrons come and go, But Bend & Sisters Catholics make me go"
"Jeebus loves the builders and developers because Hollern tells me so"
"Capell & Schwab love the lambs of Bend, because Hollern tells me so"
"Bend is a christian city, we may be poor, we may be broke, but jeebus loves us because hollern tells us so".
New Schwab Theme Park Will Focus on Toturing Christians.
***
It's finalized, and paid for. The last will and testament of the late Les Schwab was a 'Great Christian Theme Park", in the Pacific Northwest. The late Schwab was especially fond of crucifixion thus most of the exhibits will be displays of how the early Romans tortured Christians.
Ron Garzini Coordinator for the park says "Some might think it gruesome, but this is nothing compared to the American Prison System".
The exhibits will involved live people from LA-Pine selectively drawn on racks, and crucified on cross's everyday the theme park is open.
2007-064829 PDF TIF DOC TYPE: Deed CONSIDERATION: $3,671,236.80 DATE REC: 12/19/2007 4:09:42 PM
DIRECT: CITY OF BEND INDIRECT: SCHWAB HEADQUARTERS LLC
SUBDIVISION: PP 2007-78 LEGAL: PARCEL
Here's a direct link to the deed.
http://recordings.deschutes.org/TempImages/96490411694015.pdf
Re: YOU STILL HAVEN'T answered MY FUCKING question.
Hey, feel free to ask the right question yourself. The form is here: http://www.ci.bend.or.us/depts/administration/docs/Microsoft_Word___Public_Record_Request.pdf
That was some of the funniest shite I've read in a while, you are one sick twisted demented mother fucker!! Keep up the good work
Re: for a BIG fucking BIBLE THUMP
Interesting take on that here: http://www.dailykos.com/story/2007/12/23/10251/691/341/425784
Bibles and Korans and guns...
BTW, does Huckabee scare anybody else around here?
J. Walter Thompson, Atlanta, Ga., is being awarded an $81,588,102 cost-plus-fixed-fee contract for marketing and advertising services in support of the Marine Corps Recruiting Command advertising program. This contract includes options which, if exercised, would bring the cumulative value of this contract to $750,000,000. Work will be performed primarily in Atlanta, Ga., and various locations yet to be determined. Work is expected to be completed Sep. 2012. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured via the Navy Electronic Commerce Online site, with one proposal received. The Regional Contracting Office, Marine Corps Base, Quantico, Va., is the contracting activity (M00264-08-D-0001).
Source: http://www.defenselink.mil/contracts/contract.aspx?contractid=3673
Evern richer, literally, is the billion dollar ship funded as the line item directly above the advertising contract:
"Northrop Grumman Ship Systems Inc., Pascagoula, Miss., is being awarded a $1,003,329,142 fixed-price incentive modification to previously awarded contract (N00024-06-C-2222) for construction of the ninth LPD 17 Class Amphibious Transport Dock ship (LPD 25)...This contract provides full funding for construction of one LPD 17 Class ship (LPD 25), to include design and engineering efforts, material procurement, testing and quality assurance required to support ship construction, as well as initial spares and technical documentation loadout"
Defense contracting is a bigger ripoff then healthcare.
I saw in The Bulletin today that the city budget in 1997, 10 years ago, was about $60 million, and the general commentary was "We are in a strong financial position."
Today, it is EIGHT TIMES that figure, or about $480 MILLION, and the commentary is that we are down to the statutory MINIMUM of our reserve funds.
It's because of BAT, Bend 2030, and other fucked up, inferiority complex driven fiscal nightmares.
Good call city council. This place will be broke IN NO TIME.
BTW, does Huckabee scare anybody else around here?
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Giuliani is scarier than Huckabee.
Wow. Adding up all these military programs being dumped to the media at 5 PM the Friday before Christmas, we come up with a grand total of:
$2,089,657,401
Over two trillion dollars going to protect us from someone...
Source: http://www.defenselink.mil/contracts/contract.aspx?contractid=3673
"'It’s always been my first love,' says Henderson, who incidentally is not involved in a long-term relationship."
When someone says that something is their first love some wonder what that says about their spouse, partner etc. The writer was anticipating that thought and responding in advance.
"Bless you Baby Jeebus for smiting the fuck out of the dogs & owners who are in constant violation of this simple human decency."
Don't blame the dogs! Double-smite the owners.
"Please smite . . . Larry Craig, and maybe some other in-the-closet Republican . . . ."
Larry Craig is closeted but at least he has the decency to be openly closeted.
Today, it is EIGHT TIMES that figure, or about $480 MILLION, and the commentary is that we are down to the statutory MINIMUM of our reserve funds.
It's because of BAT, Bend 2030, and other fucked up, inferiority complex driven fiscal nightmares.
*
Yes, and I had a dinner tonight with an economist that read that story, I didn't because NO CUNT here could afford to cut&paste.
The point was the budget has gone up 10X, but population 2X, and his assertion was that certainly this city could easily live with X/5, given that all the additional funds were certainly wasted.
Let's make this clear that 1998->2008 was a party, 10X budget, 2X population, which means 5X PORK.
Now its time for WE the citizens to EAT OUR FAT FUCKING PIGS.
Abernethy, you can run, but you can not HIDE.
Fuck you 'bruce', tonight your posting about fucking $2 Trillion wars, which is not about BEND, everything you post about JR, is a dollar late, and two cents short.
You have once again LOST ALL FUCKING credibility.
Ya, then you have your bitches at the catholic church that are all going to shove creationism and mormronism up our arses.
Blogger IHateToBurstYourBubble said...
I saw in The Bulletin today that the city budget in 1997, 10 years ago, was about $60 million, and the general commentary was "We are in a strong financial position."
Today, it is EIGHT TIMES that figure, or about $480 MILLION
***
Ron Garzini, the guy that finances our 'bruce' says "run Bend like a business", what that means is to run Bend 500% in debt to asset ratio, not a common sense businesss, but a dot-com poster child AOL-TIME-WARNER business.
Somebody please fucking shutdown bruce, garizin, abernethy, ... soon or we'll be fucking bankrupt.
Re: You have once again LOST ALL FUCKING credibility.
When you actually do something, you might have credibility.
Hey I'm at the new Deer Ridge Prison in Madras, and I'm looking for an old pal.
Went by 'bendbust', anybody know how I can contact him??
Bruce,
Did you see the PR on capstone micro-turbines at MT-B, tell me you didn't know this was coming, ...
They call this insider trading, especially when public is told, ...
Re: The point was the budget has gone up 10X, but population 2X, and his assertion was that certainly this city could easily live with X/5, given that all the additional funds were certainly wasted.
Exactly.
And all those extra wasted dollars are going towards funding "growth", also known as developers.
To every one who bitches at me, fuck you. You don't like it, feel free to do it yourself.
Fucking losers.
Blogger bruce said...
Re: for a BIG fucking BIBLE THUMP
*
Scariest fucker in Bend is Bruce,
Polygamist from Sandy, Utah, MORMRON COUNTRY.
And protege of "Mike Morgan" of Sister, OR, aka Mr. Creationism.
Ya, beat your weeny on Huckabee, but embrace the Romney, one of your fucking own.
And all those extra wasted dollars are going towards funding "growth", also known as developers. - bruce
*
Jeezus, loves us this we know, because Hollern and other developers tell us so,
They sent their only son 'bruce' to calm our souls, but we shit on him because buster told us so,
Cali's in Bend come and go, but jeezus stays, because Hollern tells us so.
In the void the Mormrons came, to claim what was left of Hollern-Ville, in the waste, bruce was found, an infant child, in Hollern-Ville.
Twas a few night before xmas, and naught but a chipmunk, would make a sound in Hollernville.
Bruces, capstone cpst, micro-turbine, coming to MT-B to power the new POWDRZ 1k condo resort.
I love this bruce, he comes from Sandy, UT, he immediately sets himself up to be the #1 blogger in Bend, and is stupid enough to share the stupid fucking invest plays of micro-turbines in the area mountains, this is how the broken-top ditch got built, micro-turbine power ( capstone-cpst ) from snow run-off.
Ski resorts plan for a future with less snow
By Matthew Preusch
Sunday, December 23, 2007
Newhouse News Service
BEND, Ore. — The snow guns at the Mount Bachelor ski area have been blowing for more than a month, laying down a 3-foot base.
The $5 million system helps the resort build its base on what started out to be a low snow year this season. But it works only when it's cold, and Cascade Mountain winters are expected to get warmer.
So at Mount Bachelor — as at many other ski resorts in North America and Europe — managers are starting to adjust long-term plans based on the predicted effects of global warming.
This fall, Mount Bachelor's owners hired a group of scientists to create a long-term climate forecast specific to the 9,065-foot butte west of Bend.
"What we hope that's going to do is help us say, 'OK, this is the trend we're on, and this is what we can do to adjust our business model in the future,' " said Matt Janney, president and general manager of Mount Bachelor.
Janney said that could include everything from mountain biking in the summer to micro-hydroelectric turbines turned by snowmelt that would power the resort and allow it to sell excess electricity.
Some resorts are branching out of the ski business altogether. Hoodoo Mountain Resort, based in Sisters, Ore., is now Oregon's largest operator of national forest campgrounds and plans to nearly double its contracts in three years, said Charles Shepard, chief executive officer. Last year, it got approval from the U.S. Forest Service to put in an alpine slide and a zip-line ride, although it is putting off construction, he said.
"Mostly what we're trying to do is diversify ourselves so we're not as reliant on skiing as a business," Shepard said.
Scientists at Oregon State University estimate that global warming will mean warm winters in the Cascade Mountains more often.
A study by OSU geographers published last year in the Journal of Hydrometeorology found that between a fifth and a quarter of the Oregon Cascades will begin experiencing more of their winter precipitation as rain, not snow.
The OSU study predicts that the frequency of warm winters at Hoodoo will, for example, jump from 7 percent to 67 percent by the middle of this century.
In other parts of the country, resorts are bulking up their snowmaking operations, but that might not be practical in the Pacific Northwest, which has the lowest incidence of snow machines of any region in the country, according to the National Ski Area Association. The reason: the region's temperate maritime climate.
advertising
"You can make snow if it's cold enough, but you can't make cold," Shepard said. "We can't refrigerate the mountain."
In general, larger resorts can respond better to a changing climate because they can afford costly snowmaking systems or develop newer high-altitude terrain, said Michael Berry, president of the National Ski Area Association.
"We are generally optimists, and we're also knowledgeable and experienced with huge weather variability," Berry said. "We're ready to make the commitment to the huge complexity that could be around the corner."
Blogger bruce said...
Re: for a BIG fucking BIBLE THUMP
Bibles and Korans and guns...
*
FUCK YOU BRUCE, what your ILK are bring BEND is Prisons, Bibles, and fucking Debt.
Your all TOO fucking STUPID, to read a fucking Koran. Your also too fucking stupid to read a King-James, but a "New Age Bible For Modern Man, is a Perfect Bruce/Bend Bible".
"'It’s always been my first love,' says Henderson, who incidentally is not involved in a long-term relationship."
When someone says that something is their first love some wonder what that says about their spouse, partner etc
*
I'm on the Bend Film Board, so lets cut the shit. The city money is FUCKING NIL. So what's going to happen now is any and ALL women on the board, including the newbie to town "Sally ( Heatherton ) Henderson", are open for business, in Bend, when a MILF or REHO, or Cougar in Bend says "I'm Not Involved", its 'code' for I'm available by the hour.
It all adds to the intrigue, again this flip of Bend-Film, is all going to be Patronage, and the pussy is going to cost.
I'm on the Bend Film Board, so lets cut the shit.
*
Yeah right Dildo, umm I mean Bilbo.
To every one who bitches at me, fuck you. You don't like it, feel free to do it yourself.
Fucking losers.
*
Young Bruce, don't be drawn to the dark side, the force is strong.
When you actually do something, you might have credibility.
Worry not, Robert the Bruce... I did not smite thee.
You all right.
Brewski,
YOUR FUCKING HOMEWORK has already been assigned.
1.) Find out how much money KURATEK has gotten to DATE, and don't tell us fucking zero.
2.) Find out when the contingency agreement was waived.
It's time to put up with some fucking facts that match reality, and not what you would like things to be.
Don't waste your fucking time with graphs, that's what BENDBB and HOMER do.
And all those extra wasted dollars are going towards funding "growth", also known as developers.
To every one who bitches at me, fuck you. You don't like it, feel free to do it yourself.
*
City budget goes from 1997 ( $60M ) to 2007 ( $500 M ), population doubles, and spending up 10X. You say the $450M went to developers!
Perhaps it went towards the infrastructure so the developers could get rich on worthless desert land.
But it also went to the Bend Film Festival.
Remember ALL FUCKING cunts this is exactly when GARZINI came to Bend, and said "RUN BEND LIKE A BUSINESS". Before Garzini Bend was PAY AS YOU GO!
NOW its spend, and borrow, just like a USA business..
Where did the money go? Its obvious to pay as you go today the taxation would have to go up 5X just to break even.
Re: Ya, beat your weeny on Huckabee, but embrace the Romney, one of your fucking own.
Get over it, I'm not a fucking Mormon. I lived in Alta for the first ten years I live in Utah, and ran a Liquor Store for some of that time. I got my fill of Romney before and during the Olympics. I hate fucking "conservative" Republicans, the kind that want to peek in our bedrooms to make sure we have the right model strap-on, one that fits a Cougar but not buster's rear end, and aren't smoking dope or anything illegal, yet give a $2+ trillion bill for the military to protect us against someone "over there" before they come "over here".
I like Edwards. He was the first one in his family to go to college, as was my Dad. I am the second. I grew up throwing hay bales in the summer. And am ending up fighting the strong to keep them from stealing everything. Like Edwards.
Want to get in a war, vote democrat
Want to lose your money, vote republican
HL Mencken 1934
If hilly-pooh gets the DUMBYA seat, watch out, there will be more war than you can imagine
Bruce,
You say you hate 'conservative republicans'. Then that means you HATE 90% of Bend, Oregon.
Look around, this is what this place is made of, this is the kind of cali's that came up here to make the fast bucks.
These are the idiots that bought zero-down, ARM's, these are the people that DUMBYA is trying to bail-out, by freezing their interest-rates, so they'll be around in the next election.
$2+ trillion bill for the military
This will never end,
Today the biggest USA biz is military industrial complex, and prison industrial complex.
The good news is that the USA will bankrupt itself.
You are young, and really should think about Australia or New Zealand,
Honestly "Canada is so close the USA, but so far from God".
Back to the Bend Bubble Debate
We settled stuff bruce and homer are NOT bible thumpers, bruce is also not a MORMRON.
The Bend Bubble marches on,
Getting back to the subject of the debate, has anybody during any of these xmas party's we have everyday, talked with any realtors, mtg-brokers, or title people? I try in my most humble FORM to solicit info I see the fear of DEATH in their faces. Most are seeing 90% layoffs to date in the shops.
They're concurring over +2 years of more of the same, but they know at this rate of attrition there will be nobody.
We have in six months gone from denial to depression.
What's interesting is everyone I know is seeing everyone get laid off, but nobody I know has gotten laid off, I guess it because I don't have a job, and thus all I know about working conditions is hearsay from those that have a job.
My questions for folks here, that are seeing these folks get laid off, and I know they are, all my favorite title company's Bend, now have less than 1/2 the people they had a year ago.
My question is where did they go? There are no jobs.
Oh, yea and these people say "Bend has the lowest un-employment, in the world". Trader-Joes can't open because they can't find people.
Yes, this is Aspen, I mean Bend, we can't fill $7/hr jobs, but there are no jobs over $10/hr. Nobody in Bend ( that we know ), wants to work for $7/hr, businesses are killing each other to steal one anothers warm body's.
LOL! That's some seriously funny shit. I don't agree with you about Hummel, but since you seem to be an equal opportunity smiter I'll let it pass. Joyeux Noel, mon ami.
you seem to be an equal opportunity smiter I'll let it pass.
I woulda smote myself harder, but I was too tired.
Please Baby Jeebus, don't smite Duncan or Pegasus Books... he hoped for a special de-smiting... so there it is.
Now, I for one, wanna hear how holiday sales were there...
Re: Dunc's holiday sales
Hopefully better than Target's.
The BULL has a reprint of this NY Times article:
"How the Cooling Economy Is Stealing Target’s Christmas"
t was supposed to be a Target Christmas.
In Chicago, Andy Baker braved the cold on Black Friday last month to take advantage of early bargains at Target.
Buffeted by high energy costs and a slowing housing market, consumers were expected to trade down from midpriced department stores, like Macy’s and Nordstrom, to discount retailers with designer cachet — Target’s undisputed terrain.
But instead of dominating this holiday season, Target is muddling through it, perplexing rival merchants and Wall Street analysts, who consider the chain a bellwether and are scrutinizing its performance for clues on the health of the economy.
In two of the last three months — September and November — Target’s sales growth has slipped below 1.5 percent, well under its historical average and lower than its biggest rival, Wal-Mart Stores.
The chief executive of Target, Robert J. Ulrich, has warned that the company may not meet its earnings forecast for the final three months of the year, on the heels of a third-quarter performance that he described as “disappointing.”
Behind the slowdown, analysts suspect, is a pullback on routine purchases of housewares and clothing, Target’s traditional strengths — and, in general, the most profitable merchandise in its stores.
In flusher times, Americans snapped up Target’s $40 taffeta dresses designed by Isaac Mizrahi and $9.99 plush towels from Thomas O’Brien. But with shoppers anxious about the economy, they appear to be skipping the splurges.
Linda Shannon, 56, a retired nurse in North Bergen, N.J., adores Target’s sheets and towels, but she walked right by them last week at her local store. “In this economy, what we have at home is good enough,” she said.
Target is by no means losing money; it remains one of the most profitable chains in the country. But in retailing, analysts and investors are hungry not just for profits, but for growth. They tend to gauge success by monthly sales increases at stores open at least a year. And by that yardstick, Target is lagging.
For the first time in years, in fact, the chain that devotees refer to as Tar-zhay, because of its fashion flare, looks vulnerable. In November, sales at Target stores open a year rose 1.1 percent, when adjusted for a quirk in this year’s calendar. The company will provide a glimpse into sales so far this December in a conference call Monday.
Lazard Capital Markets predicts that Target’s average monthly sales growth for 2007 will be the lowest in four years. And that is raising broader questions about the American consumer: If the store that America’s middle class loves to love is experiencing turbulence, analysts say, it bodes poorly for all retailers.
There is some dispute about exactly what ails Target. Many analysts said consumers are cutting back on optional products, like a new bath mat, and spending their money on essentials, like cleaning supplies, which are less profitable for stores.
Adrianne Shapira, a retail analyst at Goldman Sachs, said that “in the past, what Target has done so well is capitalize on discretionary spending. Shoppers walked around the store and tossed a few things they did not need into the basket.” Now, she said, “that is falling by the wayside.”
Rosa Setkiewicz, 50, stopped at the Target in Jersey City, N.J., recently to stock up on Arm & Hammer baking soda, Clorox bleach and Downy laundry detergent — “things that are cheap,” she said as she loaded the trunk of her Toyota Corolla. “I have cut back a lot on clothing and things that are not necessary.”
Bill Dreher, an analyst at Deutsche Bank Securities, dubbed this phenomenon “trading down within the store.”
Target executives acknowledge there is some truth to the theory. But the bigger issue, in their view, is that the number of customers walking into Target’s stores has dropped. They see that as a sign not of any tactical failure on Target’s part, but of rising doubts among consumers about the economy.
“I think people are being more conservative in an environment where they are uncertain,” said Susan Kahn, vice president of communications at Target.
Ms. Kahn said that sentiment was hurting sales across Target’s stores, not just in its popular home and apparel departments. “The piece that is worrisome is the overall sales growth,” she said. “It is not specific to apparel or home.”
Target also faces a tough adversary this year in Wal-Mart, which has staked its holiday season on heavily promoted discounts. The chain held early-morning, door-buster sales every weekend in November in an effort to steal the thunder from its rivals, which generally waited until the day after Thanksgiving to stage such sales.
Target countered with a display of merchandise priced at $1 in the lobbies of its stores, sending a strong low-price message as consumers walked in.
Nevertheless, Todd Slater, a retail analyst at Lazard, said that “Wal-Mart may be better positioned for an economic downturn than Target, because it is the price leader.” He added that “Target is more the fashion leader; it’s more upscale.”
Ms. Kahn, of Target, said the chain generally matched Wal-Mart’s prices in communities where the two compete.
Asked if Target would change its strategy in response to lower traffic, she said the company was determined to stick with its plan, rather than take any action — like drastic price cuts or a reduction in store staffing — that could hurt the brand’s image.
“Our focus is long-term profitability and growth, not on month-to-month sales,” she said. “We believe we have a winning strategy.”
Investors appear to be less certain. Over the last year, Target’s stock price has fallen 12 percent, to $50.68 on Friday. During the same period, Wal-Mart’s stock rose 5 percent.
In coming weeks, consumers can expect more clearance sales, analysts said, like the 50 percent to 70 percent discounts on racks of women’s and children’s clothing at several Targets in New Jersey last week.
There is little doubt that shoppers covet Target’s ever-trendy merchandise. The question, in this holiday season of economic unease, is how much of it they will actually buy.
Eileen Gowlak, 68, walked out of the Target in North Bergen, N.J., the other day without purchasing anything. She liked a pair of pants, but the price was $26, twice what she would pay at Wal-Mart, she estimated. “It’s too expensive,” said Ms. Gowlak, who recently lost her job as a waitress at a seafood restaurant.
She has her eye on a $20 pair of red patent leather shoes at Target. But instead of buying them for herself, as she might have in the past, she has asked a daughter to buy them for her as a Christmas gift.
Re: City budget goes from 1997 ( $60M ) to 2007 ( $500 M ), population doubles, and spending up 10X. You say the $450M went to developers!
Perhaps it went towards the infrastructure so the developers could get rich on worthless desert land.
...
They could try to get rich on worthless desert land. They are talking about raising the SDCs, and the number I saw was to $13,000, not the $60,000 it actually takes to cover the added infrastructure costs. And the developers are already screaming that it will kill the RE market even worse, it will flog the dead horse into crumbs on the pavement leading to the Shire.
When are we going to get to the point of acceptance of the bubble actually being a bubble, not something based on our populations real living space needs?
"let's not forget that the BULL, the people who wrote this story, e.g. the editors, the wife of such 'editor' works at VCB/DVA"
Denise Costa??? I don't think so.
From today's USA TODAY:
Retailers who failed to discount — such as Macy's, Circuit City and Borders — were the season's worst performers, the survey found.
"Penney's was super-aggressive. They were advertising 40% to 50%, 60% off all season and Macy's didn't do it," Britt said.
I don't think analysts know much of anything, nor do the stores really know how it's going to come out. It's all fun with numbers.
At what cost profit?
Bah, a pox on all their houses.
What I sold this Christmas, I sold because someone wanted it enough and valued it enough to pay retail.
The rest can go to Walmart for all I care....
Barnes & Noble's discount program — which offers members who pay a $25 fee as much as 40% off on hardcover best-selling books — managed to entice enough shoppers to effectively drive "a dagger through the heart" of rival bookseller Borders, Beemer said.
Borders counters with Borders Bucks, which gives members a $5 coupon every time they spend $150.
Shoppers "went out and bought every deal they could," Beemer said. "When there were no deals, there weren't many buyers."
And then later in the same article, this:
Still, overall holiday sales gains could come at a cost for retailers, says Sherif Mityas, partner and central region leader at consultancy A.T. Kearney, noting that stores discounted heavily at the expense of margins. He believes that apparel merchants will see their fourth-quarter profits most hurt
developers are already screaming that it will kill the RE market even worse
*
Of course, because it would mean the subsidized profit is over.
The 60k-13k=47k, the 47k, is PURE profit, paid by the city taxpayer, you take that away, and the profit is gone.
Trouble is these are the people that own city-hall, this is where the campaign contributions come from.
Yes, it would be rational to force them to pay, but look at les schwab, $3M, and get $12M, all done in secret and nobody in Bend will ever fucking know.
Every developer knows they can get the same deal if they scream.
Tetherow is NOW screaming for $24M, because they're out of money.
In Bend, squeaky wheels get the millions, in Bend, money grows on trees.
I haven't been in the door for fifteen years, but I was at Costco today, and you couldn't park or move.
I also had my ass dragged to Walmart, for comparative shopping, and ditto.
I saw a lot of people buying a lot of shit.
But I have to be honest, I saw little shit, nobody was walking out of Costco with 42" plasma tv's, most was walking out with 2-3 bottles of wine.
The $1.50 polish is still there at Costco, and the line 50 deep.
Happy Xmas To All
Little bubblehead fuckers that think the the Limosine liberals are right! and the world is ending MT.B will close, etc. ect. Get ourside breath that sweat lucid air. Get out there and ski and hike and hunt and fish. In Edward Abbeys words..it is more imortant to enjoy the land then fight for . it."
Fuck u irrogant asshole(s) that think I am a rebublican for not buying into this global warming bullshit. Fuck you again. You are the problem that we have in this country, black and white, he said she said, fuck bush, Clinton rules BULSHIT!!!!!!!! Wake the fuck u0p!!!!!!! This worl is awsome lov eis fucking great, but this country is fucked!!!!
As mention Bend will ALWAYS have snow and Bend will ALWAYS have mountains. Nio matter what any of you say, our weather and feological location is awsome!!! So take your fucked up energy shove it up your ass so thode of us that have a a passion fo life can live in 97701 with out have to deal with your fucked up i am better then you attitude. Fuck you.
To everyone else///////peace love and all good. I have had to may xmas cocktails and need to let soem words fly so those fing better then u fcks are not on my list
my previous point.......there is a shit load of snow at Mt. B and it is FUN!!!!!!!1
FBI building massive biometric database
Posted by Richard Koman @ December 24, 2007 @ 8:15 AM Categories:
In The Simpsons movie, Marge, Bart and Lisa’s conversations are tracked by the NSA. It’s not that they’ve been targeted as specific threats to the EPA’s plans to wipe Springfield off the map but because the NSA listens to every American’s conversation.
That scenario — which an ACLU officer calls the Always On Surveillance Society — looks increasingly unridiculous. The latest data point: a Washington Post report that the FBI is embarking on a $1 billion effort to build a massive biometric database.
Digital images of faces, fingerprints and palm patterns are already flowing into FBI systems in a climate-controlled, secure basement [in Clarksburg, WV]. Next month, the FBI intends to award a 10-year contract that would significantly expand the amount and kinds of biometric information it receives. And in the coming years, law enforcement authorities around the world will be able to rely on iris patterns, face-shape data, scars and perhaps even the unique ways people walk and talk, to solve crimes and identify criminals and terrorists. The FBI will also retain, upon request by employers, the fingerprints of employees who have undergone criminal background checks so the employers can be notified if employees have brushes with the law.
Merry Christmas.
And this is hardly the only such effort within the federal government. The Pentagon has a digital database of 1.5 million Iraqi and Afghani detainees, including fingerprints, iris scans and faces, as well as a DNA database of some Iraqi detainees.
The Dept. of Homeland Security has millions of fingerprints from travelers stopped at airports for criminal violations, U.S. citizens adopting children overseas, and from visa applicants abroad. And people who sign up for a DHS program get their iris scans stored in another database; once cleared, these folks supposedly can bypass the usual security routine.
In an underground facility the size of two football fields, a request reaches an FBI server every second from somewhere in the United States or Canada, comparing a set of digital fingerprints against the FBI’s database of 55 million sets of electronic fingerprints. A possible match is made — or ruled out–as many as 100,000 times a day.
Soon, the server at CJIS headquarters will also compare palm prints and, eventually, iris images and face-shape data such as the shape of an earlobe. If all goes as planned, a police officer making a traffic stop or a border agent at an airport could run a 10-fingerprint check on a suspect and within seconds know if the person is on a database of the most wanted criminals and terrorists. An analyst could take palm prints lifted from a crime scene and run them against the expanded database. Intelligence agents could exchange biometric information worldwide.
The FBI terms its project The Next Generation and a key aspect is to bring together the disparate digital databases. TNG will communicate with the Terrorist Screening Center and the National Crime Information Center, the FBI’s master criminal database. In addition, they plan to store private sector employees’ prints and alert employers when workers are charged with crimes.
At the West Virginia University Center for Identification Technology Research (CITeR), biometric researchers will soon be working for the FBI on state-of-the-art iris and facial recognition technology. CITeR director Lawrence A. Hornak said “the long-term goal” is “ubiquitous use” of biometrics.
A traveler may walk down an airport corridor and allow his face and iris images to be captured without ever stepping up to a kiosk and looking into a camera, he said.
“That’s the key,” he said. “You’ve chosen it. You have chosen to say, ‘Yeah, I want this place to recognize me.’ “
Baby Jeebus loves all sodomites.
Have very hairy xmas.
merry xmas, inn@7th xmas fucks condo time-share owners BIG-TIME with $75K tax assessment per condo.
Note that came from the Oregonian, you will NEVER see the truth about Bend-Resort-Condo ownership in the BULL or SORE.
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http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/1198545917152760.xml&coll=7
***
Repair bills stun condo owners at Bend resort
Feud - Some Inn of the Seventh Mountain unit holders sue the Pape family and four others on the board
Tuesday, December 25, 2007
JEFF MANNING
The Oregonian Staff
It wasn't the kind of Christmas card Shirl Benjamin expected from the Inn of the Seventh Mountain.
A bus driver for the Bend-La Pine school district, Benjamin got a bill early this month for $11,000, due and payable by Dec. 31, to cover her share of building repair costs. It was her first notice of the assessment.
"How do they expect me to come up with that kind of money in a month?" asked Benjamin, who owns a one-sixth interest in condo at the central Oregon resort. "That's half my annual salary."
Hundreds of other Seventh Mountain condo owners are in similar straits as the Association of Unit Owners board, which owns and oversees the resort, attempts to raise $17.7 million to pay for long-needed repairs to the resort's condo buildings. Owners of the largest condos were assessed for $108,000.
Giant special assessments have become a grim fact of life for many Oregon condo owners, typically to fund lawsuits against builders and developers of buildings plagued by leaks and other construction defects.
The Inn of the Seventh Mountain dispute is different. It more resembles a civil war within the board, pitting individual owners against the prominent Pape family of Eugene, that owns about 35 percent of the inn's commercial and residential units and controls the board.
The dissident owners have sued Jordan and Mary "Susie" Pape, who sit on the Seventh Mountain board, accusing them of putting their family's financial interests above their fellow condo owners. They also allege the Papes' stacked the condo board and timed the special assessment so that their share of the repair bill will be reduced by some $7 million. The suit names four other board members.
The Papes insist that they are only trying to get the repairs done, a task they claim prior association board members repeatedly ducked in recent years. They argue it's only fair their assessment is lower in recognition of the repairs and renovation they performed in 2003 on the restaurant, market and other commercial operations at the resort.
The dissident owners have scheduled a special election on Dec. 31 for all Seventh Mountain condo owners in an attempt to oust the Papes and their loyalists from the board. In response, the Papes have launched last-ditch efforts to buy more Seventh Mountain condos and add to their voting bloc.
For Benjamin, who once worked for the inn as a receptionist and housekeeper, the intrigue is overshadowed by the looming possibility of having to put her vacation home on the market just as demand for real estate has nose-dived.
Dear "bruce said",
2X Stupid does not equal smart.
1. Attacking an ally = stupid
2. SCREAMING at the top of your lungs = stupid (People quit reading [listening] to screamers and thus never hear if the screamer actually has something worthwhile to say.)
OK, now attack & SCREAM at me for criticizing you. Go on, it will make you feel so much better.
Why can't we all get along?
Why do we have to fight each other?
Why do we scream?
Why can't we be ally's?
Why can't we all be mormons or christians?
Why can't we all support our city?
What can't we all support our Hollern, Smith, & Schwab??
Why can't we all embrace our californian settlers upon arrival?
Why can't we all embrace our californian settlers upon arrival?
*
Buster likes to embrace them ... from behind!
Buster likes to embrace them ... from behind!
*
Ya, like what are cali's good for?? Rape their children, screw their wives, and financially screw their husbands.
Send them all packing in 4-6 years after arrival. Have an old buddy visiting for holidays, that used to live here in 1985-1990, and left because in those days as now, your one job didn't work out, you left. He cannot believe how little has changed. There is no long term good choice for people that have to work.
Sure, if you can work any where, aka tele-commute, then Bend can work for awhile.
I sure in the hell, during past week of xmas party's every fucking night, its all newbies, and its all the same topic, the RE prices are down, and Bend isn't fun anymore. Folks came here to make RE money, and they're finally figuring that their losing money.
So, full circle, cali come to bend, and let us fuck your wife, and take your money, all knowing that you'll be gone in 4-6 years, Bend has always been this way, and always will.
Good story, about how fucked up its going to be, and a good view of Bend's coming homeless problem. So many gated communitys, and not enough prison space.
****
Mortgage Meltdown; the Lying, Crying and Fire Sale Buying Begins
Business & Finance
By Monica Davis - There is more than meets the eye to the upcoming mortgage meltdown, much of which has its genesis in the deregulation of the savings and loan industry and banking back in the 1980s.
Evansville, IN - infoZine - An economic tsunami, fueled by the mortgage industry, is shaking a lot of crooks, thieves and mortgage fraud victims from the trees. The lying, crying, and fire sale buying is about to begin; along with a massive upheaval in the way the housing finance industry operates-supposedly.
Just as they did in the savings and loan robbery, it seems some folk just want to blame them mean ole gubmint regulations for this fiasco. If the government would keep its cotton pickin' hands off the market, "the market" would correct itself.
Ah, but "the market" is not a disembodied entity, devoid of substance. It is comprised of billions of transactions, trillions of generational consequences of accumulated fiscal, political, economic and environmental factors which coalesce into almost living forces. And all of this "accumulated data" represents people, millions of people with millions of dollars in mortgage and credit card debt on their backs.
The sheer weight of these financial transactions, the credit black hole, which has been generated by generations of risky banking industry practices and often reckless consumer spending is about to take us by the throat and shake us like a dead rat. Ultimately, the by-products of this fiscal meltdown will affect every man, woman and beast on this planet in some form or other.
From global warming, to dead zones in seas, to mass evictions of renters whose landlords went bust and failed to pay mortgages on their rental properties, the intertwined relationship between lending, risk management, fiscal responsibility and economic catastrophe are slowly wending their way through the nation's consciousness.
Industrial farming in the nation's Corn Belt produces massive farm chemical run off in the Gulf of Mexico, which decreases fish stocks, which diminish fishermen's take, which causes financial hardship and foreclosure in the fishing industry. Thousands of fishing jobs have now disappeared, leaving behind rusting canneries, rotting foreclosed homes and demoralized fishermen and their families.
Failure to credit loan payments to the proper accounts in farm, student and home lending results in foreclosure, eviction and loss of income-- all the way from the individual farmer and homeowner, and former student, up to the grocery stores, farm implement stores, department stores, car dealerships, home builders, malls, catalog outlets, plumbers, electricians, mechanics, home repair companies and other businesses which depend on consumer spending for their survival.
The number of people being evicted, and some even becoming homeless in this country is staggering--all the more so because the leading edge of the wave has yet to hit. That won't hit until perhaps 2009, when millions of mortgages with adjustable rates reset to higher rates, perhaps becoming the straw that broke the camel's back.
Cities across the nation are reporting a massive increase in foreclosures and evictions, where former home owners and apartment dwellers alike are evicted because of alleged mortgage defaults.
It is ironic that the "sub prime market", which is often a code for "African-American mortgages", is bearing the brunt of blame for this economic catastrophe. If all of "those people" hadn't been so unrealistic and bought homes they couldn't afford, this would not be a problem.
Well, ye of racially blinded vision, while many black and ethnic buyers were shoved into sub prime mortgages, regardless of credit; the main fact is that many people with standard mortgages are having problems paying their bills. Not only is this NOT making headlines, but no body is stepping up to the plate to admit that our entire economy is on the skids, thanks to consumer over-spending, the war on whatever, and the deregulation of the banking industry.
That's right: D-E-R-E-G-U-L-A-T-I-O-N.
When banks were allowed to buy each other out across state lines, to move out of banking into financial services such as insurance, mortgage brokerage, to package risky mortgage products as "investments", they created a series of institutional dominoes, massively vulnerable economic entities, whose "distance banking" amounted to a toxic pig in the poke real estate investment strategy. These strategies evolved into the monstrosity known as bundled mortgage securities.
In the catastrophic wake of deregulation, as banks gobbled each other in a cannibalistic frenzy, they created massive national and international fiancé organizations, all built on a deck of risky cards, and all now hold trillions of dollars in mortgages, many mortgage backed securities comprised of risky packages of over-valued real estate loans whose toxicity threatens their entire investment portfolio.
Deregulation, arrogance, greed and criminal collusion has created a magnificent platform for industry insiders and outside fraudsters to plunder borrowers and banks at will. The sheer volume and extent of the funds involved are mind boggling and the intricacies of the investigations and research necessary to smoke out the crooks and expose the dirty secrets of the mortgage banking industry are often far beyond the average law enforcement investigator, or local reporter.
The cross-jurisdictional nature of mortgage fraud leaves many small organizations stumped. There is so much thievery going on that the FBI, by its own admission, doesn't go after cases under $50,000.
The backyard fraudster, money laundering kingpin, insider co-conspirator, along with a host of large and small opportunists, took advantage of deregulation to line their pockets and steal billions of dollars worth of real estate, and now borrowers are feeling the bite. While today's headlines are screaming about the problems in the sub prime mortgage market, few are talking about the massive fraud inside the nation's mortgage servicing industry, fraud, which has stolen thousands of homes and property from people who do not have sub prime mortgages.
Mortgage servicing companies and their agents have been accused of a cornucopia of dirty tricks including: ignoring payments, falsely crediting payments, denying receiving payments-even when the borrower produces a sack full of cancelled checks. The companies have allegedly released homeowners' credit information to unauthorized recipients, even allegedly engaged in economic sabotage, all the while judges continue to rule in favor of foreclosing banks.
A federal judge in Ohio has thrown a gauntlet down, forcing banks and alleged lien holders to prove ownership of properties before a foreclosure can be completed. His decision has been followed by another Ohio judge, and both judges have attracted the ire of many in the banking industry who say the banks bought the securitized mortgages in good faith and proof of their ownership-is in some warehouse, somewhere.
The judges didn't throw out the case completely. They told the banks to come back with proof that they own the property they are foreclosing on. Although the particular ruling applies to banks who foreclose based on their purchase of bundled mortgages as securities, many property rights advocates see this is a move in the right direction.
Unbelievably, in thousands of cases, consumers have been foreclosed on without the bank or mortgage company haven proven that the debt is owed, without presentation of paperwork proving the existence of the debt, which is a violation of several federal laws. In many cases, some involving the federal government's farm, home and student loan programs, borrowers have had to pay loans that were paid off and were not allowed to present evidence showing the debt had been paid off..
Borrowers have come to court with their proof in hand, only to be dismissed by judges who can't believe a bank or federal agency would try to foreclose or garnish wages unless a debt was owed. Not paying a debt and getting hauled into court, foreclosed on, or wages garnished is one thing, but to have your property sold or your wages garnished for a loan that has long been paid off is an entirely different kettle of fish.
There are all sorts of theories floating around about the courts' alleged dismissal of victims' proof of loan payment in civil actions, but one thing is clear: there is a lot more going on in the American loan crisis than currently meets the eye.
Here's what we know, regarding our Juniper Ridge city of bend santa gift to KURATEK.
Oct 15, 2007 city budgeted $2.5M for kuratek.
They said that when the Les Schwab cash $3.6M came in, that would be used to pay off kuratek ($2.5M).
On dec 7, 2007 the $3.2M came in, recorded dec 19, 2007
I can guarantee that KURATEK got an xmas check.
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This was always the DONE deal from day one, only in Bend could this whole fiasco be played out, with NOT a fucking person even knowing it even happened.
there is a lot more going on in the American loan crisis than currently meets the eye.
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Ya, and there is BEND-OR, where you have the blind 'bruce' leading the blind.
There is a lot more going on in city-hall, ten the scraps of paper that city-staff has release to 'bruce' to date.
Ok,
Fucking xmas is over, time to take the gloves off, and get back to serious blogging-foddering.
No, more mr. nice blogger, right dunc?
Dunc said he was shocked by the the latest inn@7th charge, but lets get back to the specifics with the fucking loser rental crowd here.
All the issues like broken-top, inn@7th, tetherow, are all abstractions because the average bend-blogger is a minimum wage loser renter, end of fucking story.
It's not just the fuck bend losers, its the common blog strain nationwide, especially cali, where bloggers, try to console one another how they were smarter as renters, have not bought on the high.
Fact is its always best to own, in the long run, most great fortunes were made on real estate.
Ok, back to fucking inn@7th, so lets do a status report, 2 yrs ago Pape buys inn@7th, and raises HOA's from $50/mo, to $1,000/mo, 60% sell, and prices drop from $180k to $30k, then every 'jew' I know ( god bless the hebrew, because I'm one myself ), they bought them up at $30k, and quickly price went back up to $120k, even with the new $1k/mo HOA.
Now, the Oregonian reports that a new assessment of $70k/condo ( $11k per 1/6 share ) is immediately due to pay UPGRADES. Well HELLO. Condos have a life of 15 yrs, inn@7th is pushing 30 years, hell they built it long after I moved here.
I don't find this all interesting, accept that Bend #1 resort in the west is all about condo's, and 'eagle crest' is next, even you (1/6) time share WHORES, note the $11k, is MORE than most of you paid when you 'bought' your fucking time-share with the 'right' to rent a room for $150/night.
You have to be ONE FUCKING MORON to buy a Bend Condo, which gets back to Homers Hard-On, Becky aka Plaza.
The problem with all this RE blogging is its like talking about sex to eunuchs, loser renters with no skin in the game, and never having done anything other than live in moms garage ( HBM ), ya its all like a video game.
Ah, well I do write for people to read, I write for history, so that in years to come people will come back and read this shit, and have a view of how Bend really was during the 'times'..
Hi,
My name is Ned. I live in San Fernando Valley, I have small church, and lovely wife and six adorable children.
I'm thinking about resettling my parish to Bend.
I have studied the internet, can anyone tell me if Bend would be a safe place for me and my family?
I'm a Lutheran pastor, new school. I'm terrified of raising my children here in the Souther California Valley.
So take your fucked up energy shove it up your ass so those of us that have a a passion for life can live in 97701 with out having to deal with your fucked up I am better then you attitude. Fuck you. - pigpen
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Pigpen, tell us what you really think.
What I don't understand, is that you seem to be saying ( note I did fix all your spelling and grammar ), but you seem to be indicating that their are still some red-necks in 97701. I normally agree with everything you post, but the only red necks I know these days are in La-Pines or Redmond.
It's fairly obvious that all the red-necks were ran out of 97701 a long time ago.
bart simpson
http://www.nytimes.com/2007/12/23/business/23house.html?pagewanted=2&ei=5087&em&en=adb997dd0bbe41fd&ex=1198731600
***
How do you say "Bend, Oregon"
***
This Is the Sound of a Bubble Bursting
By 2004, the median house price in Cape Coral and Fort Myers had shot up to $192,100, according to the Florida Association of Realtors — a jump of 70 percent from $112,300 just four years earlier. In 2005, the median price climbed an additional 45 percent, to more than $278,000.
Lots that Mr. Carey once bought for $10,000 were now going for 10 times that. During the best times back in Ohio, he once earned about $100,000 in a year. At the height of the Florida boom, in 2005, he says he raked in $800,000. “If you just got up and went to work,” he says, “pretty much anybody could become an overnight millionaire.”
National home builders poured in, along with construction workers, roofers and electricians. But as a kingdom of real estate materialized, growth ultimately exceeded demand: investors were selling to one another, inflating prices. When the market figured this out in late 2005, it retreated with punishing speed.
“It was as if someone turned off the faucet,” Mr. Carey said. “It just came to a screeching halt. When it stopped, people started dumping property.”
By October this year, the median house price was down to $239,000, some 14 percent below the peak. That same month, he and his partners shuttered his real estate office. In November, he closed the title company. On a recent afternoon, he went to his old office in a now-quiet strip mall to take home the remaining furniture. He was preparing to move to the suburbs of Atlanta.
While speculators may find it easy enough to pack up and move on, they are leaving behind an empire of vacant houses that will not be easily sold. More than 19,000 single-family homes and condos are now listed on the market in Lee County. Fewer than 500 sold in November, meaning that at the current rate it would take three years for the market to absorb all the houses.
“Confusion abounds because nobody knows where the bottom is,” says Gerard Marino, a commercial Realtor at the Re/Max Realty Group in Fort Myers.
Commercial builders are unloading properties at sharply reduced prices, sometimes even below construction costs, which further adds to the glut.
“It’s our goal to clear out the inventory,” James P. Dietz, the chief financial officer of WCI Communities, a Florida-based home builder, said in an interview two weeks ago. “We have to generate cash to make payroll.” Last week, Mr. Dietz announced he would leave WCI at the end of this year to pursue a career in the vacation resort business.
AT Pelican Preserve, a gated community set around a 27-hole golf course in Fort Myers, WCI has halted building, leaving some residents staring at mounds of earth where they expected to see manicured lawns. Half-built condos sit isolated in a patch of dirt, cut off from the road.
“It bugs the hell out of my wife,” says Paul Bliss, 61, whose three-bedroom town house is next to a half-built home site. “She looks out and sees that concrete slab.”
But the builder makes no apologies. “There was such a falloff in demand that it made no sense to build new units,” says Mr. Dietz, adding that the pause in construction “doesn’t in any way detract from the property.”
Throughout Lee County, a sense of desperation has seized the market as speculators try to unload property or lure renters. On many lawns, a fierce battle is under way for the attention of passers-by, with “for rent” signs narrowly edging out “for sale.”
In Cape Coral, foreclosure filings in the first 10 months of the year reached 4,874, more than a fourfold increase over the same period the previous year, according to RealtyTrac, an online provider of foreclosure information.
Elaine Pellegrino and her daughter, Charlene, see no way to avoid joining that list.
Seven years ago, Ms. Pellegrino and her husband bought their three-bedroom house in northwestern Cape Coral for $97,000, without having to make a down payment.
How do you 'spell' Bend-Oregon, remember Bend is #1 in over-valuation. We make Florida look like tiddly-winks.
Today tens of thousands of Central Oregon homes are for-sale, and less than a hundred are closing, and more are foreclosing, places like Prineville and Madras have 30 year inventory's, and Floria 'frets' about 3yr inventory's, bend would wish to have such problems.
***
While speculators may find it easy enough to pack up and move on, they are leaving behind an empire of vacant houses that will not be easily sold. More than 19,000 single-family homes and condos are now listed on the market in Lee County. Fewer than 500 sold in November, meaning that at the current rate it would take three years for the market to absorb all the houses.
Today Bend has 24 operational GOOF courses, with another dozen coming online in the next year. My humble opinion is that the folks in Tetherow will be forever looking like the depiction below, ...
Note, I say this because 100% of the Tetherow financing is coming from the same florida outfit that funding the following, ... "It's over guys".
***
AT Pelican Preserve, a gated community set around a 27-hole golf course in Fort Myers, WCI has halted building, leaving some residents staring at mounds of earth where they expected to see manicured lawns. Half-built condos sit isolated in a patch of dirt, cut off from the road.
HOMER,
The following is the MOST accurate forecast of Bend, I have seen so far, this is right on, note they're exactly one year ahead of us and 1/2 over-valued as as, so we can expect 2X the pain, and for twice as long.
http://www.nytimes.com/2007/12/23/business/23house.html?em&ex=1198818000&en=a3b997dd0bbd61fd&ei=5087%0A
New York Times
This Is the Sound of a Bubble Bursting
This Is the Sound of a Bubble Bursting
Wow, that is a great article! Anyone who hasn't, should read it.
Mr. Feichthaler was keen to build a new high school. He hoped to widen roads and extend the reach of the sewage system, limiting pollution from leaky septic tanks. He wanted to add parks.
[ This is Bend, they built 10k homes, and NADA infrastructure was PAID for during the boom, infinite growth was going to FUND the infrastructure. ]
Last month, the city eliminated 18 building inspector jobs and 20 other positions within its Department of Community Development. They were no longer needed because construction has all but ceased.
[ I this sense they're on target with Bend, but note here they're six months ahead of us, as our '18' permit folks don't get laid off until spring. ]
Worthless desert land in Central-OR, or worthless swamp-land in Florida, filled with crap-shacks, that NOBODY will ever buy.
“People that might not normally resort to crime see no other option,” says Mike Scott, the county sheriff. “People have to have money to feed their families.”
Darkened homes exert a magnetic pull. “When you have a house that’s vacant, that’s out in the middle of nowhere, that’s a place where vagrants, transients, dopers break a back window and come in,” the sheriff adds.
[ The above statement, doesn't get anymore Bend, we have 1,000's and 1,000's of empty homes, just waiting to be meth-shacks. ]
WAMU - Start's calling in HELOC's, even if your paying on TIME, DEBT is immediately DO. Now its going to get VERY ugly. Panic selling of RE will now begin, even for those above water.
****
Washington Mutual customers are in for an ugly Christmas surprise from their bank. WaMu plans to start reducing existing home equity lines of credit (HELOC) as early as this week without notifying their customers prior to doing so.
Here is an example of how it will go down. If you owe $50,000 on a heloc and WaMu reduces your limit to $40,000 then you have $10,000 due immediately.
Merry Christmas from your soon to be liquidated savings & loan.
Hopefully the msm will follow up with an article in the next few weeks…
The dangers of over-generalization:
>>Fact is its always best to own...
>>You have to be ONE FUCKING MORON to buy a Bend Condo...
Obviously, you don't buy indiscriminately. You have to buy smart. You don't buy dumb shit like condos in bend. And you don't buy single-family houses at the top.
"Please baby Jeebus, smite the consumerist nightmare that is America."
Baby Jeebus may well answer your prayer. A report out this morning shows that median home prices nationwide fell for the 10th consecutive month in October, and the October decline was the largest year-over-year drop since April 1991 -- when, as you may remember, we were in a bitch of a recession.
The problem with wishing for a recession (or worse) is that when it comes, it'll be poor and working-class people that get screwed the worst.
The rich have a saying: "A recession is when the money goes home to its rightful owners."
FYI: just put up a post with links to letters and emails I received from the city: "City and JRP Agree to Further Negotiations"
See http://www.juniper-ridge-info.blogspot.com
dartagnan said...
"Please baby Jeebus, smite the consumerist nightmare that is America."
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Dartagnan,
That is the most well written thing I have ever seen you post, are you on the wagon??
Bart,
Obviously, you don't buy indiscriminately. You have to buy smart. You don't buy dumb shit like condos in bend. And you don't buy single-family houses at the top.
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Over the long haul, there is no top, that said over the long haul, we're all dead.
you don't buy indiscriminately. You have to buy smart. You don't buy dumb shit like condos in bend. And you don't buy single-family houses at the top.
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Thanks, timmy.
I'll repeat my long ago assertion, single-family homes near drake park @ 4X median family income ( $40-60k ), any other purchase in the Bend region, is a terminally bad investment.
There is the 'bend condo' which will go the way of the DODO, and its owner, then there is the remote Bend Siberian, crap-shack.
In my 40+ year of Bend, and seeing economic corrections come & go, inner city stuff held fine ( 4X ).
Like our NY-Times Florida story, which I hope EVERYONE has read by now, all of our +2mi out of town 'siberian' bend crap-shacks, are no different than Florida swamp-land. Read the fucking story, its a keeper.
consumerist nightmare that is America
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I'm really not sure this can or will end, as 'WE' all know the consumer economy is the basis of the American Economy, and thus if it really did collapse, then we would all be huntin chipmunk, and firewood for years, ...
There's still a lot of people making money out there, its just that the easy money is over.
Government will be fine, seems that city-of-Bend so far is only laying off people in the Building Permit Department.
During the Great Depression, the best jobs were mail delivery, low pay, but great security.
One only has to spend about 1/2 a day walking the aisles of the Walmart parking lot, and with a microphone, and hidden camera could write a book on despair & drugs. Did you all see on the News there was a fight/riot yesterday in the Walmart parking lot. Seems likes its becoming the most dangerous place in Bend, and that's the daylight hours.
Consumerism as we know it ends, then America as we know it ends, our 'so called' freedom, is that 'right to shop'. Once the government realizes the masses don't need mobility to shop, then 'serious' totalitarianism will start.
The problem with wishing for a recession (or worse) is that when it comes, it'll be poor and working-class people that get screwed the worst.
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There are many different kinds of recessions in America. There are lower, middle, and upper. There are rich & poor.
This economic correction is going to wipe out the savings of a lot of rich people who thought they could get +10%/yr risk-free, or didn't realize that 'risk' meant losing EVERYTHING.
Our poor in USA have been FUCKED for a long FUCKING time, MORE fucked than before?? I don't think so, ... Our 'rich' are going to lose their principal, and our middle class are going to be begging for welfare. Our poor ( which we have few to date in Bend ), will shed very little sympathy, as their was NO sympathy for them years ago.
Our 'rich' are going to lose their principal, and our middle class are going to be begging for welfare.
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I remember you, you're the guy walking around downtown wearing the sign that says "The End is Nigh".
http://www.cartoonstock.com/lowres/mba0530l.jpg
I'm really not sure this can or will end, as 'WE' all know the consumer economy is the basis of the American Economy
It's already ended for me, the "consumerist mentality" is just a dog and pony show. Nothing like being a well dressed slave in a fancy car. If people don't buy extra crap, expensive cars, bloated houses etc, they could retire early. The gov. wants everyone working until 65+, but many of us could retire 15-20 years earlier if not buying into the keeping up with the Jones' B.S.
The gov. wants everyone working until 65+, but many of us could retire 15-20 years earlier if not buying into the keeping up with the Jones' B.S.
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Many of us in Bend have already retired early and are up at the mountain skiing instead. The snow was excellent today.
Many of us in Bend have already retired early and are up at the mountain skiing instead. The snow was excellent today.
I'll be joining your ranks within the next 5 years (before the age of 50). Pardon my old car and gear, it works just fine for me :-)
Anonymous said...
Many of us in Bend have already retired early and are up at the mountain skiing instead. The snow was excellent today.
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You FUCKING cali cunts, should NOT take for granted, the reason that the WHOLE fucking MTN is NOT covered with BEAVERTON TRACT HOMES TODAY, is the WARS we fought yesterday.
You show up from cali 'retired', and just fucking assume this place has always been like you found it, well a BIG fuck-you, because, the WAR in Bend against developers and parasitic lazy city-hall cunts sleazily begging for political power has always been the REAL BEND.
Our 'rich' are going to lose their principal, and our middle class are going to be begging for welfare.
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This is a good thing, why would anyone say the 'end is near', end of what?? BENDBB's dick??
Ebb & Flow of Bend, a small desert town composed of hustlers, selling desert swamp land to calis, the way the floridians dump swamp-land on new-yawkers, Bend has always been hustling cali's, and once again, they're going to get their economically cleaned, this is "NOT" the end "END", this is simply a cyclic phenomenon.
consumer economy is the basis of the American Economy
It's already ended for me, the "consumerist mentality" is just a dog and pony show.
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The problem is this is our economy, substitute for what? Freedom is only allowed to shop, and job mobility, is essential to the government. Change our economic model? Then there would be NO need for freedom.
Many of us in Bend have already retired early and are up at the mountain skiing instead. The snow was excellent today.
I'll be joining your ranks within the next 5 years (before the age of 50). Pardon my old car and gear, it works just fine for me :-)
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This is like saying "Fuck all of you, I have a life-time supply of Viagra, and a BENDBB doll that cannot be punctured. I'm set for life."
Ok, what happen's when your beloved MTN, has CONDO's all the way up to the MTN, or better yet, like for the old red-necks all your favorite places are 'gated' like most of the good places now.
Hell, talk to any HOBO down at Walmart begging for money for 'gas', they'll all tell you they don't work, nor have any worry in life, they get to do whatever they want whenever they want.
"A leisure class exists on BOTH ends of the economic continuum".
Thoreau long ago said most men live lives of quiet desperation. Most of our bloggers are renters who work for the man, and think if they just put in another five they'll be free.
In Bend, there are house niggers, field niggers, and plantation owners. There's only a few plantation owners ( Hollern, Smith, Capell,... ). There's tons of House Niggers, that think if they just keep working a few more years they'll be a plantation owner.
Like Mark Twain wrote in Huckleberry-Finn, real freedom and 'retirement' only requires walking away and floating down the river. There is NO reason to wait.
Remember there would be NO fucking MTN today, if we hadn't fought yesterday, and those of you who think that just driving up to MT-B everyday to get your free lift-ticket because you do a 'trick' for Powdrz, will be in a world of surprise someday.
"The end is near, the world is coming to an end, Bend is running out of condoms"
Bend, Oregon, The Bulletin (C), Dec 26, 2007
Bend is over-built. It's hard to compare Bend. We can easily say that Prineville or Madras has 30 years of housing inventory.
In Bend it may be 5-10 years.
Commercial is tough. Up until this fall the spigot was FULL ON investors were still dumping money in BEND Commercial REITS. Now the money is turned off, some deals will be finished some will not.
A good enough deal, and some 'idiot' will try to open a restaurant, or even a game store, a little money, from out of town, cheap building's, people with money might think Bend is a bargain for sq-ft building cost. Too many places chasing few customers, its always been that way 90% fail the first year, always have always will.
REIT's are just about making money, they're about losing money ( tax shelters ), thus a BOX can sit empty for five years, remember its just a big empty box, thus the maintenance is low.
We know that the Bend RE recession will be 3-5 years, that is nothing for commercial REIT's. Long term there is NO doubt that Bend, will become one BIG FUCKING San Bernardino, or San Fernando Valley. The plan is still to have a FREEWAY from RENO to MADRAS by 2025 along the I97 corridor, that's only fifteen years. White flight, is going to continue, like Sebastian say's "He can't build gated communitys quick enough"
Duncan, should buy a nice building, at a good location, when the COMMERCIAL bottom arrives. There should be a lot of downtown speculation stuff coming on the market in the next 3-5 years.
10+ years things will be back to hyper-insane growth.
Sadly, it's the way of the human cock-roach.
In the future, once the FWY is built, people will come to central-oregon to work/live, there will no longer be the get-rich-quick. The very rich Hollern, Smith, Capell, ... will of course be richer as Knife-River will most likely get 100's of miles of the freeway for $10M/mile. Big money to be made in the long term.
Currently is just a minor little normal correction, we haven't had one for 20 years.
Bruce Find Bruce on City of Bend Payroll
Bend, Oregon (c) Copyright The Bulletin, Dec 27, 2007
Bend Oregon city-hall detective found himself on the city payroll today.
Trouble is he never got a check.
Ace reporter 'Bruce' is in a quandary about what might have happened to the check or who may have cash it.
Bruce said, "I was as surprised to find myself on the city budget as I was to find Les Schwab had closed the Juniper Ridge deal back on Dec 6, 2007." "Who would have guessed that somewhere out there in Bend is check with my name on it", said Bruce.
You FUCKING cali cunts, should NOT take for granted, the reason that the WHOLE fucking MTN is NOT covered with BEAVERTON TRACT HOMES TODAY, is the WARS we fought yesterday.
You show up from cali 'retired', and just fucking assume this place has always been like you found it, well a BIG fuck-you, because, the WAR in Bend against developers and parasitic lazy city-hall cunts sleazily begging for political power has always been the REAL BEND.
*
I bow down to the great warrior Busterwulf, a slayer of monsters, a legend in his own mind.
I've been skiing Bachelor for 25 years so a BIG fuck-you to you too.
You FUCKING cali cunts, should NOT take for granted, the reason that the WHOLE fucking MTN is NOT covered with BEAVERTON TRACT HOMES TODAY, is the WARS we fought yesterday
.........
can u say.....ignorant asshole. Wake the fuck up, god damn limosine liberal, i am better then you cause my daddy lived here, i was here when this town was nothing and i know poor people in redmond..... fuckin cocksucker, wake the fuck up to the new world...things are as they are. Cali's will move on, many will stay and more may come.........but the powder hounds are barking and your attitude is s old as breeze and the gang. You and your fuckin 25 years on the montain.... FUCK YOU..what do you have 50 days in....maybe. The true skiers just want have fun and dont really give a shit about the resort we just want new snow.
the pow pow at mt b is awsome and if you as an person have gone out of your way to save the hill....then thank you. Oterwise....well more on that later........ But the attitude, while we all understand..is old.
The true skiers just want have fun and dont really give a shit about the resort we just want new snow.
*
When 'Powdrz' is done with 'bachelor BUTT' you'll not recognize is. If you think skiing on asphalt is the 'real deal', then go to Denver today, and ski.
The Powdrz plans were published here recently, bruces micro-turbines and all.
Once the whole MTN, is covered with condo's it will go gated, you better BUY a condo from Powrz now, otherwise you'll be excluded down the line.
I've been skiing Bachelor for 25 years so a BIG fuck-you to you too.
*
Bachelor BUTT has always been a BIG fucking zero, for zero's.
This press-release is a month old, yet the AP is just finally sending it out.
"MT-B is the best, this I know, because TV tells me so".
Bachelor Butt can now been seen on TV 24/7.
****
Mount Bachelor targets more skiers
Visions of snow-blanketed landscapes and clear blue skies entice visitors
By JEFF McDONALD
The Associated Press
December 27, 2007
BEND — Portlanders accustomed to dark, dreary, traffic-clogged winters will have a contrasting image to view on their television sets: a movielike trailer portraying Central Oregon as the land of blue skies, powdery snow, elegant fare, snow angels and sleigh rides.
That's what the Central Oregon Visitors Association and Mt. Bachelor ski area are planning as part of their $250,000 cooperative marketing campaign, "Real Winter," which is funded equally by the region's largest tourism promoter and its largest winter attraction.
"It's based upon contemporary movie trailers," said Alana Audette, COVA's president and CEO. "The challenge is how to convey the myriad of things that this region has to offer. The movie trailer is a stroke of brilliance because it allows us to tell the Central Oregon (winter) experience in a 30-second sound bite."
The campaign will saturate the Portland market with a mix of television, newspaper and Internet ads from December through March, including 3,500 cable and network television ads per week, Audette said.
COVA hopes the new marketing campaign, created by Bend-based advertising and marketing firm Citrus, will benefit the entire region's $498-million-a-year tourism economy by targeting a broader range of potential visitors than just the typical skier or snowboarder.
"It's a great way to take an important resource and leverage each other's marketing budget, dollar for dollar," Audette said. "We're hoping it will sell more lift tickets and draw more overnight visitors."
Last year, the campaign by COVA and Mt. Bachelor focused more heavily on attracting potential ski and snowboard visitors with information about Mt. Bachelor and Central Oregon tourism sent directly to Portland-area homes. The $230,000 campaign did not have a television component but was deemed successful because it increased visitor traffic to COVA's Web site and resulted in more skiers and snowboarders on the mountain, Audette said.
COVA members, which are largely tourism-related businesses in Crook, Deschutes and Jefferson counties, can use the creative aspects of the campaign but would have to pay for their own direct-mail advertising, she said.
COVA and Mt. Bachelor wanted to ramp up the sophistication level of the winter campaign for the Portland audience and gear the television campaign toward the Central Oregon wintertime experience, said Carly Carmichael, marketing director for Mt. Bachelor.
"We wanted to create a stronger branding message about why you should drive past other mountains to get here," Carmichael said. "Last year's campaign was pretty focused with 'here's the snow, come ski' — this year's is about the true winter experience that people don't have in the (Willamette) Valley. It's more all-encompassing."
The first ad mixes in perfect ski conditions with activities such as fine dining and a child gazing up at the sky in wonderment with a voice-over narration that sounds straight from Hollywood.
The second ad starts in dark and dreary, traffic-clogged Portland during winter and shifts to Mt. Bachelor. It appeals more to the skier and snowboarder crowd who might want to escape the drippy winter climate of Portland and experience Mt. Bachelor, Carmichael said.
At the end of the two 30-second spots viewers are directed to pick up a Central Oregon visitors guide to learn more about the region.
"The winter ski vacation is not just for skiing; it's the whole experience," Carmichael said. "It's the service you get in a restaurant, it's ice-skating and dogsledding. People want something for everybody in the family."
It's a message that appeals to Aleta Nissen, a COVA board member and co-owner of Wanderlust Tours, which provides snowshoeing tours and other outdoor activities in the winter.
"The message has gotten broader and broader over the years," Nissen said. "It's not just for skiers and snowboarders it's appealing to the 45-year-old mom, who makes the traveling decisions. There are so many different things to do in this region." The decision to appeal to a broader demographic and promote a broader range of activities ultimately helps all tourism-related businesses by creating a picture of the Central Oregon lifestyle, said Jim Kinney, general manager at Seventh Mountain Resort west of Bend.
"The campaign is evolving in the last few years in a very good direction," Kinney said. "It's more mature. It's going to present an image that's well received in the Portland market and put us on a more competitive level with resorts like Sun Valley (in Idaho)."
COVA and Mt. Bachelor will evaluate the campaign's success based on traffic directed from the commercial site to COVA's Web site, requests for visitor guides and on-mountain surveys, Audette said.
Separately, Mt. Bachelor is hoping to gain additional marketing mileage from a ski segment that is expected to be shot there this winter for an upcoming Warren Miller film.
If the deal is completed, the film crew would shoot the mountain on location in February, using local skiers and snowboarders, and telling a story about the mountain and surrounding areas to a worldwide audience. The movie would be watched at screenings around the world prior to the ski and snowboard season in 2008-09.
Oregon marketing company Citrus’ (formerly Ralston360) - MT-B TV PR
***
Marion Kello Strategic Partner
Marketing Specialist
Marion is a marketing and advertising consultant with 13 years experience in the industry and runs Kello, a marketing and events company. She services clients throughout the West. Her most recent employed position was as Bend, Oregon marketing company Citrus’ (formerly Ralston360) Director of Client Services where she oversaw the department and managed account planning and strategy development for the Agency’s major clients. Details
Before working at Citrus, Marion worked for global HR communications marketing agency Bernard Hodes Group for four years. Throughout her career, she has worked on a wide array of accounts including amazon.com, ATL Ultrasound, Central Oregon’s Visitors Association, Children’s Hospital and Regional Medical Center Seattle, Dr. Martens, Edge Wireless (Cingular), Homegrocer.com, Intel Corporation, LegalZoom.com, MediaFLO (Qualcomm), Pronghorn, Seaswirl Boats, Sunriver Resort, Tetherow, U.S. Bank and Virginia Mason Medical Center.
Her media expertise is deep including print, radio, TV, out-of-home, web, direct marketing, experiential marketing and trade show marketing. With expertise in strategic direction, marketing, advertising, account planning, event planning and management, media buying/planning and market research, Marion’s work has supported the continued growth and success of numerous B-to-B, B-to-C and E-to-E (employer to employee) clients.
Marion is a Montana native, an avid Griz fan and loves to spend time outdoors with her husband Jim and two greyhounds Happy and Nibbles.
We all know that Bend is marketing & PR, do you realize there are NINE full time PR&Marketing companys in Bend all fighting for city PR dollars!
This is almost as over-staffed as real-estate, MTG, and Title.
***
Bend Marketing Concepts
Bend , OR 97701
(541) 610-5679
DVA Advertising
109 NW Greenwood Ave Ste 103
Bend , OR 97701
(541) 389-2411
Every Idea LLC
355 NE Lafayette Ave
Bend , OR 97701
(541) 383-2669
Ralston360 / CITRUS / MT-B TV 24/7
19797 Village Office Ct
Bend , OR 97702
541-388-2003
Sublime Design Group
19489 Fishhawk Lp
Bend , OR 97702
(541) 923-2202
tbd advertising
856 NW Bond St Ste 2
Bend , OR 97701
(541) 388-7558
The Mandala Agency
709 NW Wall St
Bend , OR 97701
(541) 389-6344
The Shop
920 NW Bond St Ste 208
Bend , OR 97701
(541) 385-7777
If & When 'Consumerism' as we know it ends, then America as we know it ends, our 'so called' freedom, is that 'right to shop'. Once the government realizes the masses don't need mobility to shop, then 'serious' totalitarianism will begin.
Personally the ideal society, would be a tele-commuters imprisoned to their own home, all shopping on the web, and never leaving their homes.
Put everyone in the lower tier in prison, and then upper tier can enjoy crowd free public spaces.
It's the future, and its NOT long off.
Duncan, and dumb fucking BB2 renters. The PAPE story just keeps getting weirder. The MOST rich fucking the MOST poor, its all about condos, and its all about Bend. First of all go to Tetherow, and you'll see 100's of "John Deere" yellow BIG-Machinese, these are all +million dollar machines ALL leased by Knife-River, but "OWNED" by PAPE, you see PAPE owns the JD-YELLOW franchise in Oregon. A couple years ago PAPE bought Inn@7th MTN.
They jacked up HOA's from $50/mo to $1,000/mo, most people bailed and sold, the newbies were promised that was it! The $1k/mo was going to pay for new-siding. Now two years later they 'newbies' are getting a bill, it turns out the 20X increase in HOA's was just used by PAPE to pay the MTG, and that they're going to pass the cost if improving 30 yr old CONDO shit-hole into something NEW, aka flipping.
This is NOT new shit, this is what always happens to condos in Bend. What's interesting is the players. #1 Construction Equipment Provider is getting "GOLD" out of Bend. Bought Inn@7th for CHEAP, and then get newbie-owners ( suckers ) to pay for the fixup&flip.
Given that PAPE controls all construction equipment in OREGON, which means they're one of our RICHEST family's, why do they have to play legal sodomy??
***
http://www.oregonlive.com/newsflash/index.ssf?/base/news-22/119874324118140.xml&storylist=orlocal#continue
***
Pape family at center of dispute over condo repairs
12/27/2007, 12:06 a.m. PST
The Associated Press
BEND, Ore. (AP) — Two members of a prominent Eugene family have been sued by a group of condo owners upset over attempts to raise almost $18 million to pay for repairs at the Inn of the Seventh Mountain in Bend.
The Pape family owns about 35 percent of the inn's commercial and residential units and controls the board. The dissident owners sued Jordan and Mary Pape, who sit on the Seventh Mountain board, accusing them of putting their family's financial interests ahead of their fellow condo owners. They also claim the Papes' timed a special assessment so that their share of the repair bill will be greatly reduced. The suit names four other board members.
The owners have scheduled a special election on Dec. 31 in an attempt to oust the Papes and their loyalists from the board.
Once the whole MTN, is covered with condo's it will go gated, you better BUY a condo from Powrz now, otherwise you'll be excluded down the line.
*
Buster you certainly have an active imagination .... don't forget to put on yer tin-foil hat this morning.
Shawn Levy, has a short review here of Bend-Film. Note the big change NOW is it must be CORPORATE donation the days of the city-of-bend dumping 100's of Thousands of taxpayer dollars on BOOZE at Drake Park tents are OVER. Now Bend Film is 100% co-dependent on Les Scwhab, Jenweld, and Hollern for booze nickels.
***
Another Bend in the Road for BendFilm
Posted by slevy December 27, 2007 09:02AM
BendFilm, Central Oregon's premiere film festival, has acquired a new executive director, its second such appointment in less than a year. Sandy Henderson, a big-spirited Shiela (it's a compliment: she's a spunky Aussie), takes over from Erik Jambor, who filled in splendidly for founding director Katie Merritt for the 2007 edition. Full details of the transition and a lengthy profile of Henderson can be found here. You can't read the future, Lord knows, but this seems like a fine appointment. Here's hoping the next BendFilm is a worthy successor to its predecessors!
PLEASE JOIN ME TO TAKE BACK THE INN
Anybody that wants a good picture on the BEND CONDO biz, and 'Bruce', study the work of Loren, this kid is in his 30's, but is from a very old pdx family. You talk about illegal 'exec sess' in Bend-City Hall, this Inn@7th, is a classic example of the richest people in Bend, fucking with the wrong people. Loren waited a long time, before he came out to fight.
****
http://innof7thmtn.com/
****
Letter From Loren Waxman
December 9th, 2007
Dearest Fellow Unit Owners, Friday, December 7, 2007
PLEASE JOIN ME TO TAKE BACK THE INN
Our beloved Inn has been taken over by a small, self-interested band of profiteering developers. While I have been slow to judge, I now have questions about the ethics, legality and moral compass driving events at the Inn.
It appears we have an illegally sitting board, violating their fiduciary duties of Good Faith, Fair Dealing and Full Disclosure by acting solely in their own best personal interests.
We can take back the Inn and restore the heart that brought us to this special place. Please join me.
WHAT IS THE STORY? WHY IS THERE A $17,000,000 SPECIAL ASSESSMENT? WHY NOW?
On or about November 2003, the Inn entered into an agreement with INNspired (run and operated by the Papé Family). The goal of the agreement was for INNspired to improve the Core Facilities. As part of the fine print, INNspired could receive a “Credit” if the Board made a Special Assessment that occurred before December 31, 2007.
OPPORTUNITY KNOCKS FOR INNSPIRED
Realizing their “Credit” would slip away by year’s end, INNspired put into action a string of surprising, disingenuous and possibly illegal actions that misused and manipulated the Board for their own interests. In a desperate display, they appear to have crossed ethical and legal limits to obtain the “Credit” and inflate its value to the fullest extent.
CROSSING THE LINE: IS THE CURRENT BOARD LEGITIMATE? IS THE SPECIAL ASSESSMENT LEGAL?
INNspired appears to have stacked an illegitimate Board to represent their interests. They have violated the Inn By-Laws, followed irregular voting procedures and withheld information from the rest of the owners in order to pass a $17,000,000 Special Assessment for their own gain.
They have failed to substantiate the amount of the Special Assessment. INNspired failed to produce a scope of work, failed to produce a bid by a licensed Oregon contractor to complete the scope of work and failed to produce a plan to conduct the Improvements for which they seek $17,000,000.
The Special Assessment appears suspicious. There are questions regarding notification, the holiday scheduling, voting irregularities, and voting requirements. For instance, our By-Laws require 75% approval for assessments over $8,000 dollars in a given year. The Special Assessment received less than 50%.
The INNspired controlled Board is now attempting to award themselves with a “Credit” in the amount of $7,000,000. This leaves only $10,000,000 toward repairs of the residential units. They will not produce any records or accounting to verify the claim. In effect, by hastening the Special Assessment, INNspired will bilk the remaining owners of $7,000,000.
QUESTIONS REMAIN
Is the current Board Valid? Nomination By-Laws appear to have been violated when placing neighboring Arrowwood developers on the Board. The Papé’s and Arrowwood Developers may have conflicts of interest that prohibit their participation.
Where are the records? Recent Board actions appear to deny Full Disclosure. Under subpoena, Cascade Bookkeeping, under the INNspired controlled Board, will not disclose Inn records. This impedes communication and organization amongst the remaining owners. Now INNspired is facing allegations in regards to Conflicts of Interest and Self Dealing for the purpose of accelerating the Special Assessment.
WHAT CAN YOU DO? PLEASE JOIN OUR EFFORT.
PLEASE JOIN ME. THE MOST IMPORTANT THING YOU CAN DO IS: REPLACE THE BOARD. In a few days, you will receive a proxy to replace the board and rescind the assessment. As INNspired owns 47% of the units WE NEED EVERY VOTE TO MAINTAIN OUR MARGIN.
There is a proposed replacement Board. I urge you to investigate the candidates yourselves. They are talented, smart and have tremendous depth and commitment in regards to restoring the Inn. I too, am committed to rectifying this attempt to swindle non-INNspired owners. I have been asked to serve on behalf of non-INNspired owners. I will do so at the will of the owners until events at the Inn are stabilized. Please look at my résumé for yourself or call with questions.
I, along with another group of owners, am also working through the courts. We are convinced from our current experience, that we will be dealt with more fairly at the hands of a judge or jury than at the hands of INNspired. Please join with us. While the legal costs are high, they are less than we stand to lose by giving money to INNspired. Please call me if you would like details on how you can join our plaintiffs group.
INNspired is acting solely in their own best interests. They are using questionable tactics and refusing their fiduciary duties of Good Faith, Fair Dealing and Full Disclosure. They are trying to swindle non-INNspired owners of $7,000,000 by erroneously passing a Special Assessment before the end of the year.
DON’T LET THIS HAPPEN. WE NEED EVERY VOTE. PLEASE JOIN ME BY VOTING TO REPLACE THE CURRENT BOARD AND RESCIND THE SPECIAL ASSESSMENT.
TOGETHER WE CAN FIND A MORE CIVILIZED, HONEST, TRANSPARENT AND FAIR PATH TO RESTORING THE INN – FOR EVERYONE.
WEB SITE FOR CURRENT INFORMATION: http://innof7thmtn.com/
Sincerely,
Loren J. Waxman, Owner
Unit 434
Bio for Loren J. Waxman
Loren began purchasing, renovating and trading real estate in 1990 after graduating from Lewis & Clark College. He has since designed, built and developed single-family, condominium, mixed-use and commercial properties.
Mr. Waxman has been nationally recognized by the Department of the Interior for his work in Historic Districts, has juried international design competitions and served 8 years as the mayoral appointee to the Development Chair of the Portland Design Commission. Mr. Waxman won awards for the public/private redevelopment and remediation of a Super Fund site, which is now home to the Sellwood Branch of the Multnomah County Library, commercial retail shops & condominiums.
Loren Waxman has extensive experience in all phases of design, construction, development and property management. This includes environmental clean-up, condominium development, construction defect remediation as well as legal & litigation experience pertaining to all phases of real estate development.
Loren is a currently a member of the Mt. Bachelor National Ski Patrol
Current Project: Mixed Use Redevelopment – Williams/Vancouver Corridor – Portland, Oregon.
I really don't care if they build condos on Mt. Bachelor. I don't plan to buy one though. I like cross country skiing, snowshoeing just as much as downhill and if there is no snow I will go rock climbing at Smith or stay home and play music. I'm not a one trick pony. You might as well face it Bend is the new Tahoe for PDX.
Mike Hollern(too many to list), John Lietz(ARROW), Bill Smith(OM), Homer Williams (BT),JD-GRAY(B-BUTTE), PAPE(Inn@7); The list isn't LONG of the people who OWN Bend Oregon.
What's interesting about the Inn@7th WAR, unlike the BT war ( Brenneke ) is that inn@7 people aren't messing around by SUING LLC's, they're going after the REAL MOTHER BITCH. The BIG PAPE!
This is un-heard of if your a student of the BULL, or City-Hall you'll never see names, only LLC covers. Hell if they name names, then "HOLLERN" would be 24/7 on every sign, TV, and car. "HOLLERN" is Bend.
The Inn@7 folks got fucked big time by Pape, and they're suing PAPE directly. It will go to court, and the the little owners will win.
"PAPE" is Big. How BIG, well IF you condider that EVERYTHING is BUILT in BEND is Knife-River ( Hap-Taylor ) aka Capell. Then consider that they and virtually ever other developer leases John-Deere-Yellow machinery, and PAPE OWNS the fucking Oregon Franchise. How big is that?? 100's of MILLIONS per YEAR GROSS BIG!
***
How many people have gotten fucked with inn@7?? Well you have to go back to 2003, when Innspired (LLC-PAPE) bought the broken down all inn@7 condo-franchise for cheap, and then sent notice to 'owners' that their unit HOA was going up 20X ( $50/mo to $1k/mo ), over 1/2 the folks said FUCK-YOU and sold, which imploded the units from $180k avg to $30k/AVG 2004. By 2007 the units were BACK up to $120K avg. Now with the lien and given that 1/2 the new folks bought their units for $30k, they liens are 2X what they paid for the UNIT.
Note the WHOLE FUCKING reason people bought these UNITS was they were TOLD in WRITING that the $1k/mo HOA was going to be used to replace the siding, please NOTE that inn@7th is 30+ years old and rotten to the core.
Nows it 2008, and the INNspired LLC, announces that ALL owners must pony $60k to pay for the siding.... Their response, ... to take PAPE directly to court, and NOT fuck around.
This is BIG shit, this is unheard of this is the WORLD WAR III of Bend Oregon.
Now for the second time in 2-3 years the value of inn@7th condos will implode. Who will make money?? Realtors. Now of course the market value of inn@7th condos MUST be negative. 2004 $30k was peak bend pricing, today this shit can't sell, recall that even for $10k, your buying a $60k, lien, so your really paying $70k, ...
The future?? Given the PAPE history, 100's of thousand in liens on each CONDO, HOA's of $10k/mo, ... given that the place is a shit HOLE. MY prediction is a big fucking GHOST-TOWN, which is probably what they're really up to drive everyone out once and for all, sell or redevelop and flip.
If & When 'Consumerism' as we know it ends, then America as we know it ends, our 'so called' freedom, is that 'right to shop'. Once the government realizes the masses don't need mobility to shop, then 'serious' totalitarianism will begin.
Totalitarianism? Haha. No need. What would be the point, who would benefit? We already have TV.
Personally the ideal society, would be a tele-commuters imprisoned to their own home, all shopping on the web, and never leaving their homes.
This describes my life already. I pretty much only leave my home to go to work, snowboarding or for a bike ride. What other "freedom" do you need?
You might as well face it Bend is the new Tahoe for PDX.
*
Fucking CALI talk.
Note that was true BACK in the 1960's when JD-Gray ( Mike Hollern buddy ), chairman of O-Mark, creator of 'modern chain-saw', built fucking "SUNRIVER",
SUNRIVER was the TAHOE of PDX,
Fuck calis come to Bend, think they they just discovered this fucking place.
Bend is the FUCKING LA-PINES for SUNRIVER, a place where people shop at Walmart, or the OLD-MILL, the guys go golfing the gals go shopping.
The 10k shit-shacks aka siberian tract homes that surround Bend, will all become low income housing for the service class that services our gated resorts.
NONE OF THIS FUCKING SHIT IS "NEW".
THE ONLY thing NEW, is that city-hall PR&MARKETING pulled 30,000 of your mother fucking CALI's in during the last five years, who all think you discovered the "NEW WORLD".
I HAVE FUCKING NEWS, the INJUNS were here a long time before the fucking calis arrived.
What is the appeal of Inn@7th anyway? I don't get it. It's not close to the mountain, it's not close to Bend. It's inconvenient!
What other "freedom" do you need?
*
Your probably too fucking young, but when RONNY RAYGUN was prez, he asked a little girl what 'freedom' meant to here in America.
She said "31 flavors of ice-cream, at baskin-robbins".
yes, that is American Freedom,
I personally like Arab definition of USA freedom, "You brought your 'freedom' to my village, and now everyone is dead".
Sunrive\Bend there is no real difference. Sunriver is less convenient, that is all. All your talk of great differences in Bend, based on location are laughable. You can drive across the entire town in minutes. Does that 5 minutes make a big difference to you? It's just one extra Zeppelin tune to me.
What is the appeal of Inn@7th anyway? I don't get it. It's not close to the mountain, it's not close to Bend. It's inconvenient!
*
For 'right now' TODAY its the closest 'crap-shack' you can get to the MTN. (There is a SIBERIAN lodge at MT-B, it's just too fucking ugly in the summer.)
For many 'visitors', sleeping next to Walmart ( bend ) is not a vacation, Bend is NOT a resort. Bend is a strip-mall.
You can go out the door at inn@7th, and there are great trails to hike, fishin, if you own a condo, you can have a dog, ... For many PDX people its the perfect weekend go-to, remember they can pre-buy essentials at Trader-Joes, as Bend ONLY has WALMART/COSTCO to shop.
SUNRIVER is actually VERY sleazy. Most people who have condos at inn@7th, don't actually use the amenity's there, about 10-20% of the units are owned by PAPE (INNspired), which rent them as a HOTEL, and OWNERS can pool theirs if they wish.
A lot of people wouldn't have them today, but two years ago when the prices imploded to $30k, even with the $1k/mo HOA, a lot of new Bnd/PDX suckers BOUGHT.
It's VERY popular with ski patrol people, as its close to to MT-B.
Those interested in buying a unit, should watch the current mess, because I can see the prices going to $10k, note the lien may stand, its a gamble, ...
For the record, I prefer to live near Drake Park, and stumble to and from Deschutes Brew Pub, I don't own a FUCKING CONDO.
p.s. The bar at inn@7 has great happy hour daily 3-6, good free food, and cheap drinks. I'm just mentioning this for those that sky everyday.
Does that 5 minutes make a big difference to you? It's just one extra Zeppelin tune to me.
*
Ya, the speed limit is 20mph fuckers like you I throw rocks at going down the street +40mph.
ya, tell me you can go from Costco @ Hwy-20/se 27th, to MT-B village in 5 minutes, all listening to "stairway to heaven'.
Ya, living out on the eastside, its five fucking minutes to the MTN.
YA, living out in the eastside of Bend is the #1 resort area in the fucking USA.
East Bend is FUCKING UGLY fucking COSTCO-WALMART fucking shithole. Don't be caught driving in Bend 7-9am, or 3-5pm, the whole fucking town is a parking lot.
People who drive from PDX, don't want to sit in their car, they come, they park, and they play, while your beating off to 'stairway' in your HUMMER.
I prefer "Trampled Under Foot". East side west side discussion is so stupid. Who really cares? Only snobs and it must piss them off when there are people who really don't care what side of town they live on. If you like it that's all that matters. Getting anywhere in Bend is pretty fast. I don't worry about an extra couple of minutes when I'm on my way to go skiing. No big deal. Drake park is fine, but I don't see why it's so great to live there. Plenty of nice places elsewhere in Bend.
Re:
Where are the records? Recent Board actions appear to deny Full Disclosure. Under subpoena, Cascade Bookkeeping, under the INNspired controlled Board, will not disclose Inn records.
Rather interesting to see that the firm owned by Councilor's Freidman and Telfer is involved in this sleaze?
Withholding subpoenaed records? That could prove troublesome.
I can feel another blogpost coming on.
http://innof7thmtn.com/
Below is a good quote from the inn@7th, rather than me telling your all how fucked BEND CONDO biz is, here you can hear a recent buyer tell his story ...
"When my wife Joanne and I became the second buyer of the new fractional interest program, Innspired told us and our friends that it was putting $20,000,000 into the Inn helping to persuade all of us to buy, but never disclosing to us that Innspired would receive these expenditures back through a special assessment. In the law, this is called misrepresentation-by-material-omission—and may be fraud."
***
Yup, that's what the did, you buy a condo, at the outrageous HOA of $1k, and your told they're going to take care of fixing the place up, but what they don't tell you, its that your going to get the BILL.
"Here's a car for sale, comes with a new engine, the car is $100, this engine cost me $5k, but I'm selling you this car for $100", [ Theres a $5k lien on the car for the engine ]
Ya, its sort of silly that the richest people in Oregon, have to spend their time fucking little people.
Rather interesting to see that the firm owned by Councilor's Freidman and Telfer is involved in this sleaze?
*
Bruce, what your seeing is the BEND BOOM imploding, everyone is trying to dress the PIG up for sale, then SELL and run like HELL.
The interesting thing here is that 'PAPE', one of the richest family's in the Pacific-NW, has to get little people to pay for the pigs paint.
" Freidman and Telfer ", Its a small town this is why the BULL and SORE only use LLC's, this is why inn@7th little guys are suing "PAPE", and NOT INNspired,LLC.
A lot of lawyers are now going to make a lot of money, as everyone sues everyone else, but what else did we expect? This is how Bubbles Always end.
The SouthSea Bubble took years to clear lawsuits. That was 100's of years ago, this is how bubbles always end.
The good news about inn@7th, is our LOCAL boyz, have fucked some of the biggest family names in PDX, old familys with connections.
A new WAR has started, you now have the NOUVEU riche of Bend with their bulldozers ( developers ) up against the old Jewish-Guard of PDX, its going to get ugly. Never fuck with the best Jewish lawyers in the State, especially when they're working for free.
My gut guess is that PAPE will settle this one QUICK, they simply have too much to lose to fight this 'screw' in public.
Your bitches "Freidman and Telfer" must be loving the attention.
..... Tiffany Telfer Joins Ralston360 as Account Supervisor ...
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Freidman and Telfer inn at 7th mountain
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Don't forget that Ralson360 is this WEEK "CITRUS", which is the city-of-Bend PR/MARKETING firm of the week. MT-B has SNOW, come and buy a condo!!!! This is the city-of-Bend main PR/MARKETING, which is also who POWDRZ of MT-B is using.
You have DVA/VCB tied to the BULL.... COSTA family
This town is so FUCKING incestuous.
Wayback machine 2003
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OREGON:
BEND: As the $20 million renovation of the condominiums at the popular Inn of the Seventh Mountain in Central Oregon nears completion, the resort has announced a real estate team that will focus on the launch of fractional ownership for the resort. Anne McDonald was promoted to director of sales and marketing for real estate, Reed McNeil and Peggy Slaton round out the team as Sales Executives, and Rose Jones takes up the reins as the real estate administrative assistant.
On November 1, 2003, The Inn of the Seventh Mountain launched Limited Priority Reservations for fractional ownership of its renovated condominiums, which has proved to be a resounding success. Fractions can be purchased in increments as low as 1/16 share up to 6 shares or more.
The Inn is the closest lodging to the popular Mt. Bachelor ski area.
Cascade Bookkeeping ( Friedman & Telfer Bend City Council ), under the INNspired controlled Board, will not disclose Inn records. This impedes communication and organization amongst the remaining owners. Now INNspired is facing allegations in regards to Conflicts of Interest and Self Dealing for the purpose of accelerating the Special Assessment.
The uncontested candidate, Chris Telfer is clean for the time being. Rarely does mud land on her. Telfer is a strong leader, but often thought of as the minority in the council. "That is what I bring to council," Telfer said. "That is what is important, all the perspectives represented so the final decision is better thought out, a better representation of all of the citizens of Bend.” Though she is said to be polarizing to the Council to some degree, it is Tefler’s clear and honest opinions that oftentimes reflect the opinions and needs of the citizens of Bend. She is a good balance and another supporter of Juniper Ridge, which will bring an influx of dollars and jobs to Bend.
The two council members ( Friedman & Telfer ) are joint owners of Cascade Bookkeeping, Inc. A portion of Cascade Bookkeeping manages homeowners associations in Central Oregon and 'Taxpayers' see this as a conflict of interest.
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Who builds Junper-Ridge? Knife-River, who supplys equipment?? ( Pape ) Which accounting frim does the books? ( Friedman & Telfer ) Who on council are biggest boosters? ( Friedman & Telfer ) Who profits the most on Brooks Resources, and Tetherow construction? Pape ,
Who owns Bend City-Hall ?? Pape, Hollern,
I prefer "Trampled Under Foot". East side west side discussion is so stupid.
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Bend Social Darwianism says "It's only a matter of time crossing I97, that you will die".
If you play on east and live on east fine, if you play on west and live west fine, but if you cross I97 frequently you'll become extinct.
Always been this way.
You decide... Here is the original Inn@7MTN marketing Propaganda, ... Sure sounds like the $20M is a one time, who would have thought four years later it would be a 'double bill'!!!!
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OREGON:
BEND: As the $20 million renovation of the condominiums at the popular Inn of the Seventh Mountain in Central Oregon nears completion, the resort has announced a real estate team that will focus on the launch of fractional ownership for the resort. Anne McDonald was promoted to director of sales and marketing for real estate, Reed McNeil and Peggy Slaton round out the team as Sales Executives, and Rose Jones takes up the reins as the real estate administrative assistant.
On November 1, 2003, The Inn of the Seventh Mountain launched Limited Priority Reservations for fractional ownership of its renovated condominiums, which has proved to be a resounding success. Fractions can be purchased in increments as low as 1/16 share up to 6 shares or more.
The Inn is the closest lodging to the popular Mt. Bachelor ski area.
Then today, this is what they're saying about Inn @ the 7th MTN, and time-share ownership in 2008, only five years later, ...
"When my wife Joanne and I became the second buyer of the new fractional interest program, Innspired told us and our friends that it was putting $20,000,000 into the Inn helping to persuade all of us to buy, but never disclosing to us that Innspired would receive these expenditures back through a special assessment. In the law, this is called misrepresentation-by-material-omission—and may be fraud."
I love, where else but Bend, can you buy a ran down shit-hole, and sell broken promises as time-shares, ... then five years later get the county tax assessor to 'bill on your behalf' all your expenses to date!
Are CPA's in Bend creative or what?? Is Bend fucking #1 resort or what??
When Juniper Ridge melted down this summer, and the 750 signatures to city-hall were presented, their response was! WE NEED MORE CPA's and PR/MARKETING!!!
But it turns out that ALL the PR/MAKRETING and CPA"s IN Bend are related to one another, no wonder the solution to all of Bends problems are always the same!
Re: Cascade Bookkeeping
Not everyone is happy with them:
"At the February 2006 Board meeting, the first meeting of the current Board, we discovered that the Reserve funds were not present in any cash account in the amounts expected for the time period dues have been collected. The past management firm, Cascade Bookkeeping, was allowed by the past Board to co-manage the checking and reserve funds. As a consequence, Cascade had occasionally transferred cash from reserve funds to operations. The major reason for these transfers appears to be the extraordinary
expenses for Cascade Bookkeeping’s services, averaging close to $1000 per month for the first 4 months of 2006. As best can be determined, the reserve funds were short about
$10,000.
For this reason and others, your Board terminated the services of Cascade and began to run the HOA day-to-day affairs internally. We also hired the services of Peterman Inc to do our bookkeeping/financial management with strong Board oversight."
Source: http://ridgewaterhoa.org/docs/Newsletters/DuesIncrease.pdf
Are CPA's in Bend creative or what?? Is Bend fucking #1 resort or what??
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There is NO WAY in hell we can go bankrupt as a city, we have the best CPA minds in Bend, running the city-hall.
Not since LTCM collapse have Nobel Laureates in finance shown such creativity. Too big to fail.
Hell why bill the taxpayer only once?? Why not come back and assess them over and for the same thing several times. Why stop at two? Why not represent Hollern, and get all his money back for developing NWXC from the buyers?
Anything is possible in Bend, and Deschutes County will rubber stamp it!
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"Cascade Bookkeeping is an open book management company, with our employees heavily involved in helping manage the business. We do not lack for internal energy or perspective, but our OK group has added the missing dimension - an outside perspective from other business owners. As a member since OK began, I cherish the openness and directness of the interaction between businesses. Our planning, our structure and our profitability are improved as a result."
Cascade Bookkeeping - Bill Friedman, owner
The past management firm, Cascade Bookkeeping, was allowed by the past Board to co-manage the checking and reserve funds. As a consequence, Cascade had occasionally transferred cash from reserve funds to operations. The major reason for these transfers appears to be the extraordinary
expenses for Cascade Bookkeeping’s services
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Good find, bruce, I was hoping this was the city-of-bend, what fucking sleaze to give they fucker's access to your checking account.
Remember these are the same sleaze-balls running our city.
Also note, this how KURATEK is getting paid, the same fucking creative accounting, remember rule#1 of Juniper-Ridge is-was always NO TAXPAYER MONEY USED.
These fuckers even steal from their own customer to make sure they get paid first, they must have smelled a bankruptcy.
Thank you, Doh! Best. Rant. Ever.
Re: Inn of the 7th Mountain
Lots of good stuff here: http://innof7thmtn.com/
(Several pissed off) owner's blog.
Does anyone here live in that Ridge-water development?? It must be old if there HOA's are only $40/mo.
This is why I always tell everyone here NEVER buy RE in a place that has HOA's you always get fucked.
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My guess from what we know of how Cascade Book (&CASH-KEEPER's) likes to do biz, you can assume they have the checking account for inn@7, and NO wonder they don't want anyone to see the books.
lwax@teleport.com
Bruce, Please Send this stuff about Cascade-Book stealing HOA money to loren-waxman his email is above, I think this will even make his desire to get the Cascade-Books records for inn@7 MORE interesting.
If Ridge-Water is missing $10k, you can only IMAGINE how much inn@7th is missing, as they're charging $1k/mo for HOA's per UNIT!, this is REAL MONEY and REAL greed.
Just so you understand who loren is, he used to sit on the Portland Planning Commission, when he was in his 20's, just to give you an idea of his level as a player in this game.
The two council members ( Friedman & Telfer ) are joint owners of Cascade Bookkeeping, Inc. A portion of Cascade Bookkeeping manages homeowners associations in Central Oregon and 'Taxpayers' see this as a conflict of interest.
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Let me understand this the DUMB fucking parasitic electorate of BEND, elected as CITY-COUNCIL a couple of RUG-RATS that make their money by managing HOA money, in a town that ONLY lives to sell CONDO's and COLLECT HOA's!!
NOTE FUCKING here HOA is the biggest racket in Bend, after flipping worthless desert land.
The BEST part is these FUCKERS have a history of paying themselves FIRST!! Imagine THAT! How BEND!
Today is just too fucking funny.
Bend is a kleptocracy, e.g. a government ran by common criminals.
The best criminal minds in Bend are always elected to hold office, so the citizens if Bend can screw one another economically.
God forbid if Donald Trump ever did to come live in Bend.
The following just HIT THE WIRE, 30 minutes ago.
Note the use of the keyword 'repair', these repairs were to have been taken care of back in 2003, when PAPE sold the 'new' time-share interest to 'new' owners.
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Note, here that KOIN is naming name(s) NONE of this fucking BULLshit of LLC verus LLC.
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Pape Family At Center Of Dispute Over Condo Repairs
BEND, Ore. - Two members of a prominent Eugene family have been sued by a group of condo owners upset over attempts to raise almost $18 million to pay for repairs at the Inn of the Seventh Mountain in Bend.
The Pape family owns about 35 percent of the inn's commercial and residential units and controls the board. The dissident owners sued Jordan and Mary Pape, who sit on the Seventh Mountain board, accusing them of putting their family's financial interests ahead of their fellow condo owners. The suit names four other board members.
The owners have scheduled a special election on Monday in an attempt to oust the Papes and their loyalists from the board.
The Pape family, which came to prominence on the success of its empire of heavy equipment and trucking dealerships, first bought into the Inn of the Seventh Mountain in 2003.
12/27/2007
Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Blows me away how Tetherow has the nerve to get out of paying SDC charges. Their time has expired. They must pay SDC changes. All that group (Leitz, Bauhoufer, Femke) is good at doing is suing everyone for their misfortunes and bad timings. This is the 3rd suit or trouble that group has brought against others to get their way. They are involved in the Seventh Mountain mess as well as the Broken Top Fiasco. How do we rally together to make them pay? They Bulletin quoted them selling many of their lots despite the RE turndown. Why are they fighting? What can be done to make them pay their fair share of SDC charges?
This is a good one, Soon the Arabs will be the biggest bank in the world, and they're thinking about little little white devils invest.
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Friday, December 28th, 2007
Saudi Arabia Aiming to be “King of the Cash Barons” by Launching its First Sovereign Wealth Fund
By William Patalon III
Executive Editor
Money Morning/The Money Map Report
In yet another example of the growing global importance of state-run investment pools, Saudi Arabia said it’s establishing a sovereign-wealth fund that will eclipse Abu Dhabi’s $900 billion venture to become the largest in the world.
As the new "King of the Cash Barons" coterie, the state-controlled Saudi investment pool will be positioned as a major rival to other government-run venture funds currently controlled by cash-rich nations in Asia and the Middle East.
As Money Morning has chronicled in a series of reports, these funds increasingly have been capitalizing on the widespread fallout from the U.S. housing meltdown and the associated subprime mortgage crisis - and using the market weakness to buy big stakes in such struggling financial giants as Citigroup Inc. (C), Merrill Lynch & Co. Inc. (MER), UBS AG (UBS), and Morgan Stanley (MS).
In many of the cases - Citigroup being an excellent example - the sovereign funds have snapped up prime U.S. assets with terrific long-term futures at near-term bargain prices.
Many of these "Cash Barons" are looking for more than just an investment return: They are looking for the deal-making know-how that will enable them to one day usurp Wall Street as the deal-making Mecca of the capitalist world.
It could happen.
Sovereign-wealth funds currently control more than $3 trillion. The International Monetary Fund (IMF) and other experts predict the state-run venture funds could control $12 trillion by 2015. Money Morning Investment Director Keith Fitz-Gerald estimates that the total capital under the control of the global Cash Barons will be more in the region of $20 trillion by the middle of the next decade.
No matter which estimate proves the most accurate, it’s clear the state-run funds will be major financial forces in the world economy in just a few short years. For some context, consider that the estimated U.S. gross domestic product for 2006 was slightly more than $13 trillion.
The Saudi’s new sovereign-wealth venture will probably be created and managed by the Saudi Arabia Public Investment Fund, which up until now has been limited to internal investments, The Financial Times reported. Previously, that country’s oil-generated wealth had been apportioned among the Saudi kingdom’s central bank, Saudi Arabian Monetary Agency, also known as SAMA, and partly into the personal coffers of the nation’s ruling family, the international financial newspaper reported.
This new fund will represent a major shift in the investment policy of SAMA, which, up to now, had been limited to conservative stocks and bonds, especially U.S. Treasuries.
Interestingly, while SAMA’s balance sheet is public information, banking-sector insiders in the region say that those figures portray only a sliver of Saudi Arabia’s actual wealth. The reason: The royal family has stakes in scores of investment vehicles, most of which are not known.
Contrast that with Saudi Arabia’s Persian Gulf peers, which have increasingly shifted their investment strategies to prepare for the day when the region’s oil reserves run dry: These other countries have been investing in such alternative investments as high-risk hedge funds and other alternative investments. What’s more, as recent news reports underscore, these venture funds are increasingly taking direct stakes in major corporations - especially financial-service firms.
Unlike its peers in the Gulf, Saudi Arabia has expanded its spending and its budget for 2008 includes spending for important infrastructure projects, the Financial Times reported.
In addition to the Abu Dhabi Investment Authority, some of the world’s top sovereign wealth funds include Singapore’s Temasek Holdings Pte. Ltd. and Government of Singapore Investment Corp., Mainland China’s China Investment Corp., and Dubai’s Dubai International Corp.
BBBB
CCCC
Finally, the FOLLOWING BULL from "FISHER", reads as if it were WRITTEN BY THIS BLOG - GOOD BLOGGER FODDER FOR ALL.
When hot property cools off
By David Fisher / The Bulletin
Published: December 28. 2007 5:00AM
After nearly a quarter of a century without a serious downturn, history finally caught up with the Central Oregon housing market in 2007.
Swooning like an oxygen-starved sprinter at the end of a too-long run, the region’s residential real estate market struggled by nearly every measure throughout the year.
Bend, the region’s largest city, averaged about 129 sales per month of single homes on urban lots throughout the year, down 27 percent from the 2006 pace and 46 percent off the torrid pace of 2005.
Median prices on the homes that did sell held relatively steady, settling in at $349,000 through the first three quarters of the year, according to Central Oregon Multiple Listing Service data.
But high sales prices were cold comfort to would-be home sellers who found it difficult to move their homes at any price.
Bend started the year with more than 1,100 unsold homes on the market, according to MLS data reported by Bratton Appraisal Group’s Mike Caba. That number quickly soared to more than 1,600 by June as speculators and other homeowners tried to sell at the same time.
The number of listings gradually shrank to around 1,300 by early this month, as some homes sold and some would-be sellers opted to pull their homes off the market to wait for another season.
Still, at the year’s average monthly sales rate, it would take more than a year to sell off even that reduced year-end inventory level — more than the six months of inventory that most industry observers say is the hallmark of a well-balanced market.
The region’s other local markets had similar stories to tell in 2007.
More than 572 unsold homes on urban lots were on the market in Redmond by the middle of December, according to Caba’s numbers — a 13-month supply at the year’s average sales rates.
Sales in La Pine were off 52 percent from 2006 through the third quarter, according to the Central Oregon Association of Realtors. The same was true in Jefferson County. In Crook County, sales numbers slipped by more than 46 percent.
The chill in local home sales, which actually started in summer 2006, found its roots in a number of factors, including the virtual disappearance of speculators and investors. They accounted for more than 25 percent of sales at the peak of the boom in some of Bend’s most popular new subdivisions, including NorthWest Crossing, according to Brooks Resources Corp. CEO Mike Hollern, whose company developed the subdivision.
The market has begun to claim some casualties.
Mortgage defaults
Mortgage defaults in Des-chutes County rose to their highest level in more than 10 years, with more than 560 mortgages falling far enough into arrears to enter the first stages of foreclosure by Dec. 20, according to county records. But this year’s ratio of mortgage defaults, about 7.6 per 1,000 housing units, is comparable to the next highest year on record, 2002, when the county had about 7.4 default notices filed per 1,000 housing units through Dec. 20.
Buena Vista Custom Homes, a Lake Oswego developer who moved into the Bend market in early 2006, tried to pull out with an auction of 29 empty homes in its inaugural northeast Bend subdivision in mid-December, but the auction was a bust. Even though most of the builder’s Portland-area homes sold, not a single Bend home moved at a price that Buena Vista President Roger Pollock would accept.
Most builders hit the brakes as the market soured. The total number of building permits issued through November this year was down nearly 55 percent from the same period in 2006, according to numbers compiled by Cascade Central Business Consultants President Don Patton. Most builders reported staff layoffs through the year, and subcontractors slashed prices to try to keep their own crews working.
Unemployment stats
The downturn in the region’s largest economic sector failed to show up by year’s end in local unemployment statistics, but some parts of the industry have been hard hit. In Deschutes County alone, for example, the number of licensed mortgage originators dropped from 319 at the end of March to 257 by late August, according to the Oregon Division of Finance and Corporate Securities — a 19.4 percent drop in five months.
The slide in building permits and fees also is threatening to have its effects on public services. In Bend, the Police Department has said it will hold off on plans to hire new officers and buy new patrol cars, now that revenues are crimped by the slide in income from building permits, engineering fees and planning fees. The Fire Department faces similar issues, and Community Development Department Director Mel Oberst has said he will likely have to lay off 10 people in the city’s planning division.
With the residential housing market still reeling from the aftermath of a popped bubble, what’s the probability of a recovery?
High, some market observers say. But maybe not anytime soon.
Hayden Homes President Dennis Murphy said in September that he thought the local housing market might show some signs of recovery by the end of next year — or, “maybe longer. But it’s going to be a long, cold winter.”
Hollern, of Brooks Resources, one of the region’s largest and oldest development companies, said later in the fall that he doesn’t expect to see strong signs of recovery until 2009, at the earliest, or possibly 2010. The inventory of unsold homes, in his estimation, is too great to be eliminated quickly, unless something unforeseen happens in the marketplace.
Hollern and other industry leaders, meanwhile, say they are adjusting their operations to deal with the end of a building and real estate sales boom that most knew could not last.
Mark Kramer, general manager of the region’s largest custom cabinetmaker, Brian’s Cabinets, said his company is planning to push fairly aggressively into the factory-produced storage cabinetry market for garages and closets, hoping to offset at least some of the drawdown in demand for higher-end work.
In the long term, he said, optimism still reigns.
“No one expected it to continue at the pace it was going at,” Kramer said, “But the thing about Central Oregon is, it’s still a great place to be, and everybody I talk to still feels comfortable about making an investment in a home here. Maybe there’s going to be a little bit of a lull in the market, but nobody feels there is going to be a decline in the long term.”
Central Oregon’s commercial real estate market stayed hot longer than the housing market did, but it, too, started to cool as the year drew to an end.
Unlike the housing market, commercial real estate is driven entirely by investors. No one buys because they fell in love with a cute commercial office building. But they do buy if a variety of numbers line up in attractive ways — interest rates, growth in the local economy, and the value of alternative investments being chief among them.
Two of those factors started to deteriorate toward the end of the summer. Hit by a national credit squeeze, interest rates on local loans rose, and banks demanded higher qualification standards from their borrowers, according to Compass Points, a quarterly newsletter on the local commercial real estate industry published by Bend-based Compass Commercial Real Estate Services. At the same time, demand for leased space weakened as businesses associated with the housing industry — title companies, mortgage brokers and real estate brokers, in particular — either shrunk their staffs, curtailed their expansion plans, or closed their operations altogether.
By the end of the third quarter, Bend’s absorption of industrial and commercial space fell 60 percent below the 2006 level, according to Compass’ surveys.
There were bright spots. Bend’s Old Mill District managed to quickly lease most of the new space it built in its shopping district, and vacancy rates in Bend’s downtown remained at a very low 2.1 percent. Still, Compass, the region’s largest commercial real estate brokerage, predicted a challenging market for the next 18 to 24 months — a double-edged sword that could force sellers and building owners to keep prices and lease rates in check, but also could present patient buyers with the potential to find better deals than the markets have offered in a number of years.
Broken Top
Real estate was slow, but not boring, in southwest Bend this year.
The members of one of Bend’s most exclusive golf clubs, the Broken Top Club, reacted angrily in January when a Seattle-based development group bought the club and quickly announced plans to build a new hotel/condo and retail complex on the site of its 15-year-old clubhouse.
As the year progressed, the battle for Broken Top turned into a struggle not just over the future of the golf course and its clubhouse, but of the gated subdivision that surrounds it.
The Broken Top Community Association, which represents the 634 property owners in the Broken Top neighborhood, sued to keep commercial development out of its subdivision. A group of club members went to court, too, to defend an agreement they made in 2006 to buy the club — albeit it slowly — from former owners Don Bauhofer and John Leitz and their Arrowood Development LLC.
Finally, by late summer, the club’s membership group announced that it had raised enough money to buy the club outright, securing it from any thought of major redevelopment. Deschutes County Circuit Court Judge ordered the new owners — a pair of trusts devoted to Seattle developer Paul Brenneke’s family members — to sell it to the club members, settling the club’s fate once and for all.
The deal closed in late October for $8.36 million. Now, its owner/members are trying to figure out ways to attract enough new members at the $55,000 buy-in price to keep its operations solvent.
Clotheslines
Fed up by global warming and the energy-gobbling affluence she saw all around her, Bend’s Susan Taylor decided to try one of the most obvious things she thought she could do to help change the world last spring.
She hung her laundry to dry in the sun in the backyard of her Awbrey Butte house.
A neighbor, however, complained to Awbrey Butte’s developers, Brooks Resources.
As it turned out, Awbrey Butte — like thousands of subdivisions throughout the country — has a set of rules in place banning the visible display of hanging laundry, and Brooks asked Taylor to gather her laundry in, or build something to screen it from the eyes of neighbors.
Instead, Taylor showed her laundry to the world and became a media sensation in the process.
The Wall Street Journal picked up on her plight after she contacted a national Web site that’s devoted to promoting natural laundry drying. The story went worldwide within days, making Taylor the poster woman for changing restrictive — or outdated, as she called them — codes, covenants and restrictions in subdivisions throughout the land.
Brooks toyed with the idea of calling for a vote of Awbrey Butte’s 800 or so homeowners to determine whether they wanted the drying rule changed. But it opted, in the end, to offer some preapproved screening plans instead. That option didn’t satisfy Taylor. She said she and her husband put their home up for sale in October, planning to move someplace in Central Oregon with less restrictive codes.
Repair bill has condo owners on warpath; Group seeks ouster of board members
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Can someone POST the above from the BULL.
Pleeeeeeeze
How do we rally together to make them pay?
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How do the little 'chimps' rally to make the 2 or 3 Bend 500 LB Gorillas 'Pay'??
Stigma, laughter, fresh-air, flash-lights, ... first the 'chimps' would have to take back their city-hall.
"Rally the Chimps", in this apathetic get-rich-quick parasitic town. The ONLY thing that will rally the chimps in Bend, is if the Gorillas hand out free bananas.
Bend is FUCKED. Get over it. Always has been, always will be.
That said the www.infrastructurefirst.com has a ballot for next spring to requre SDC's.
The two council members ( Friedman & Telfer ) are joint owners of Cascade Bookkeeping, Inc. A portion of Cascade Bookkeeping manages homeowners associations in Central Oregon and 'Taxpayers' see this as a conflict of interest.
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Let me understand this the DUMB fucking parasitic electorate of BEND, elected as CITY-COUNCIL a couple of RUG-RATS that make their money by managing HOA money, in a town that ONLY lives to sell CONDO's and COLLECT HOA's!!
NOTE FUCKING here HOA is the biggest racket in Bend, after flipping worthless desert land.
The BEST part is these FUCKERS have a history of paying themselves FIRST!! Imagine THAT! How BEND!
While 20% of Bends RE success can be attributed to DUMBYA's low interest-rates, 80% of the Real-Estate bubble success in Bend can be found by the fact that Bend spends Millions of dollars of taxpayer money to Market & PR Bend as the #1 resort in the World, of course this is NOT so, as todays 'bend' is just kmart/walmart strip-malls.
SDC's were waived to big developers from Wilsonville, who came to Bend, and built 1,000's of crap-shacks that nobody will ever buy.
Is Bend evil or just the people who Own Bend? The truth is that by 2006 the bubble was over, and the city-hall OWNED by Hollern, PAPE, Smith, Homer-Williams, ... was desperate to DO ANYTHING in its power to attract MORE cali-retires. The PR-Marketing people running Bend DVA/VCB, Ralstone360(citrus), ... were convinced that the 'red-necks' had to be exterminated.
Thus the final solution, or last act of Bend, in its bubble implosion was dozens of minor-nuisance laws designed to exterminate the old-timers, grannys, red-necks, and homeless.
The Infrastructure First website is actually:
http://www.bendinfrastructurefirst.com/
todays 'bend' is just kmart/walmart strip-malls.
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Earth to buster, Bend doesn't have a Kmart store.
todays 'bend' is just kmart/walmart strip-malls.
Nah that's today's America.
"todays 'bend' is just kmart/walmart strip-malls"
So are those places still hiring?
Earth to buster, Bend doesn't have a Kmart store.
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Ya, Sears & Kmart merged ala Buffett, and now we only have Walmart & Target.
Still same concept, Bend is a strip of strip malls, hardly the #1 resort on the face of the earth, in spite of the BEST PR&Marketing you can buy.
Hi,
My name is Meg. I live in Aspen. I'm going to be selling my gallery.
The people on this blog seem to have an inside story about Bend.
What is the best location for a gallery in Bend?
Is Bend the best resort in the USA?
What is a 'buster'.
sincerely, Meg
Fuck all of you losers. I just left Deschutes Brewery in despair.
They're out of Super Jubel for the season, 4pm 28dec07, and nothing to live for.
Fuck all of you.
Bend is fucked.
Earth to buster, Bend doesn't have a Kmart store.
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It take a WHOLE village to raise a Walmart.
In a year we'll have a Super Walmart @ Cooley.
You all probably already know that Walmart has bought land out at HWY20 & SE 27th, thus Bend will have Bermuda triangle of Walmarts, much better than k-mart, as they don't let you sleep in the lot in your RV.
Now the Westside Walmart, Rumor is near the Summit High-School.
So how much did they actually pay??
For those Goof-Course Lots @ Tetherow??
2007-056871 PDF TIF
DOC TYPE: Deed of Trust / Mortgage CONSIDERATION: $320,000 DATE REC: 10/26/2007 10:58:05 AM
DIRECT: KIDD, DAVID MCLAY INDIRECT: BANK OF AMERICA NA
DIRECT: KIDD, JILL A
SUBDIVISION: TETHEROW PHASE 1 LOT: 114
2007-056870 PDF TIF
DOC TYPE: Deed CONSIDERATION: $750,000 DATE REC: 10/26/2007 10:58:05 AM
DIRECT: ARROWOOD TETHEROW LLC INDIRECT: KIDD, DAVID MCLAY
INDIRECT: KIDD, JILL A
SUBDIVISION: TETHEROW PHASE 1 LOT: 114
But BofA only fronted $320k, that means than David is alleged to have paid over 50% down for an empty lot?? Hmmh?
2007-056871 PDF TIF
DOC TYPE: Deed of Trust / Mortgage CONSIDERATION: $320,000 DATE REC: 10/26/2007 10:58:05 AM
DIRECT: KIDD, DAVID MCLAY INDIRECT: BANK OF AMERICA NA
DIRECT: KIDD, JILL A
SUBDIVISION: TETHEROW PHASE 1 LOT: 114
So tetherow says they got $750k, hmm?
2007-056870 PDF TIF
DOC TYPE: Deed CONSIDERATION: $750,000 DATE REC: 10/26/2007 10:58:05 AM
DIRECT: ARROWOOD TETHEROW LLC INDIRECT: KIDD, DAVID MCLAY
INDIRECT: KIDD, JILL A
SUBDIVISION: TETHEROW PHASE 1 LOT: 114
Ok, what follows is the recording's @ tetherow, note we were 'told' by the BULL over a month ago that 19 lots had closed if you study the below what you'll see is a few lots have engaged in a shell game with redundant LLC's, most notable 'david kidd' himself the FIRST purchaser of Tetherow didn't close until dec 18, 07, yet we were told last month that they had 19 lots 'closed', and david was the first.
Note, that in fact little to nothing is actually closing @ tetherow.
2007-065176 PDF TIF
DOC TYPE: Deed of Trust / Mortgage-Partial Reconveyance / Release / Satisfaction DATE REC: 12/21/2007 12:10:13 PM
REFERENCES: 2007-053877
DIRECT: FIRST AMERICAN TITLE INSURANCE CO OF OREGON TRUSTEE INDIRECT: ARROWOOD TETHEROW LLC
DIRECT: TITLE INSURANCE COMPANY OF OREGON TRUSTEE
SUBDIVISION: TETHEROW PHASE 1 LOT: 114
2007-064933 PDF TIF
DOC TYPE: Deed CONSIDERATION: $755,000 DATE REC: 12/20/2007 12:08:29 PM
DIRECT: TD CASCADE HIGHLANDS LLC INDIRECT: BLUE RIDGE INC
SUBDIVISION: TETHEROW PHASE 1 LOT: 153
2007-064439 PDF TIF
DOC TYPE: Deed of Trust / Mortgage CONSIDERATION: $320,000 DATE REC: 12/18/2007 11:14:29 AM
REFERENCES: 2007-056871
DIRECT: MCLAY, DAVID INDIRECT: BANK OF AMERICA NA
DIRECT: KIDD, JILL A
SUBDIVISION: TETHEROW PHASE 1 LOT: 114
2007-063453 PDF TIF
DOC TYPE: Deed CONSIDERATION: $550,000 DATE REC: 12/11/2007 12:13:25 PM
DIRECT: ARROWOOD DEVELOPMENT LLC INDIRECT: TETHEROW INVESTMENTS LLC
SUBDIVISION: TETHEROW PHASE 1 LOT: 270
2007-063452 PDF TIF
DOC TYPE: Deed CONSIDERATION: $700,000 DATE REC: 12/11/2007 12:13:25 PM
DIRECT: ARROWOOD DEVELOPMENT LLC INDIRECT: TETHEROW INVESTMENTS LLC
SUBDIVISION: TETHEROW PHASE 1 LOT: 312
2007-062975 PDF TIF
DOC TYPE: Deed CONSIDERATION: $580,000 DATE REC: 12/7/2007 11:13:55 AM
DIRECT: ARROWOOD DEVELOPMENT LLC INDIRECT: GNIADEK, GUY
SUBDIVISION: TETHEROW PHASE 1 LOT: 282
2007-062690 PDF TIF
DOC TYPE: Deed of Trust / Mortgage CONSIDERATION: $440,000 DATE REC: 12/5/2007 11:28:32 AM
DIRECT: SACE INC INDIRECT: STERLING SAVINGS BANK
SUBDIVISION: TETHEROW PHASE 1 LOT: 284
2007-062689 PDF TIF
DOC TYPE: Deed CONSIDERATION: $580,000 DATE REC: 12/5/2007 11:28:32 AM
DIRECT: ARROWOOD DEVELOPENT LLC INDIRECT: SACE INC
SUBDIVISION: TETHEROW PHASE 1 LOT: 284
2007-061619 PDF TIF
DOC TYPE: Deed CONSIDERATION: $675,000 DATE REC: 11/28/2007 2:22:42 PM
DIRECT: ARROWOOD DEVELOPMENT LLC INDIRECT: TE AMO LLC
SUBDIVISION: TETHEROW PHASE 1 LOT: 307
2007-061618 PDF TIF
DOC TYPE: Deed CONSIDERATION: $580,000 DATE REC: 11/28/2007 2:22:42 PM
DIRECT: ARROWOOD DEVELOPMENT LLC INDIRECT: WATSON DEVELOPMENT LIMITED
SUBDIVISION: TETHEROW PHASE 1 LOT: 287
2007-061021 PDF TIF
DOC TYPE: Deed CONSIDERATION: $675,000 DATE REC: 11/26/2007 1:49:18 PM
DIRECT: ARROWOOD DEVELOPMENT LLC INDIRECT: GLENGARRIFF LLC
SUBDIVISION: TETHEROW PHASE 1 LOT: 308
2007-061020 PDF TIF
DOC TYPE: Deed CONSIDERATION: $75,000 DATE REC: 11/26/2007 1:49:18 PM
DIRECT: ARROWOOD DEVELOPMENT LLC INDIRECT: GLENGARRIFF LLC
SUBDIVISION: TETHEROW PHASE 1 LOT: 275
2007-060807 PDF TIF
DOC TYPE: Deed of Trust / Mortgage CONSIDERATION: $1,467,303 DATE REC: 11/21/2007 3:56:35 PM
DIRECT: THEROWONE LLC INDIRECT: KD1 PROPERTIES LLC
SUBDIVISION: TETHEROW PHASE 1 LOT: 69
2007-060807-2 PDF TIF
DOC TYPE: Assignment of Leases DATE REC: 11/21/2007 3:56:35 PM
DIRECT: THEROWONE LLC INDIRECT: KD1 PROPERTIES LLC
SUBDIVISION: TETHEROW PHASE 1 LOT: 69
2007-060807-3 PDF TIF
DOC TYPE: Assignment of Rents DATE REC: 11/21/2007 3:56:35 PM
DIRECT: THEROWONE LLC INDIRECT: KD1 PROPERTIES LLC
SUBDIVISION: TETHEROW PHASE 1 LOT: 69
2007-060807-4 PDF TIF
DOC TYPE: Mortgage Fixture Filing DATE REC: 11/21/2007 3:56:35 PM
DIRECT: THEROWONE LLC INDIRECT: KD1 PROPERTIES LLC
SUBDIVISION: TETHEROW PHASE 1 LOT: 69
2007-060806 PDF TIF
DOC TYPE: Deed CONSIDERATION: $520,000 DATE REC: 11/21/2007 3:56:35 PM
DIRECT: TD CASCADE HIGHLANDS LLC INDIRECT: THEROWONE LLC
SUBDIVISION: TETHEROW PHASE 1 LOT: 69
Finally, the FOLLOWING BULL from "FISHER", reads as if it were WRITTEN BY THIS BLOG - GOOD BLOGGER FODDER FOR ALL.
Dang! I couldn't believe that one. Fisher went nuts on that one... I might have to reconsider my smiting of his ass...
Note, that in fact little to nothing is actually closing @ tetherow.
I knew that was total bullshit. No way were those supposed sales legit.
Folks, QUESTION EVERYTHING.
Except the previous statement, which you should not question.
They're out of Super Jubel for the season, 4pm 28dec07, and nothing to live for.
Fuck all of you.
Bend is fucked.
This is actually true. Bearing the brunt of this town thru the Winter w/o beer? I'd rather be dead.
So I count 11 lots:
69 $520,000 (sold by TD CASCADE HIGHLANDS LLC, not Arrowood Development)
114 $750,000 (the David Kidd site)
153 $755,000 (sold by TD CASCADE HIGHLANDS LLC, not Arrowood Development)
270 $550,000
275 $75,000
282 $580,000
284 $580,000
287 $580,000
307 $675,000
308 $675,000
312 $700,000
That's a total of $5,165,000 in sales by Arrowood Development and $1,275,000 by TD CASCADE HIGHLANDS LLC, a company with a different agent and address.
What are they claiming, $19,000,000?
BEND, Ore. – In late October, international golf course architect David McLay Kidd and his wife Jill closed on the sale of the first homesite at Tetherow, a new 700-acre golf resort community near Bend, Ore. They were quickly followed by 18 more buyers. The 19 lots have a combined value of close to $12 million.
While, I guess its close enough for realtors to believe.
Bruce:
You're missing over half the Tetherow lots that have had deeds recorded since October. Here's a full list of the 27 deeds in Tetherow Phases 1 & 2. Hint: search by subdivision instead of by name if you want to find everything.
1. DOC TYPE: Deed CONSIDERATION: $755,000 DATE REC: 12/20/2007 12:08:29 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 153
2. DOC TYPE: Deed CONSIDERATION: $550,000 DATE REC: 12/11/2007 12:13:25 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 270
3. DOC TYPE: Deed CONSIDERATION: $700,000 DATE REC: 12/11/2007 12:13:25 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 312
4. DOC TYPE: Deed CONSIDERATION: $580,000 DATE REC: 12/7/2007 11:13:55 AM
SUBDIVISION: TETHEROW PHASE 1 LOT: 282
5. DOC TYPE: Deed CONSIDERATION: $580,000 DATE REC: 12/5/2007 11:28:32 AM
SUBDIVISION: TETHEROW PHASE 1 LOT: 284
6. DOC TYPE: Deed CONSIDERATION: $675,000 DATE REC: 11/28/2007 2:22:42 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 307
7. DOC TYPE: Deed CONSIDERATION: $580,000 DATE REC: 11/28/2007 2:22:42 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 287
8. DOC TYPE: Deed CONSIDERATION: $675,000 DATE REC: 11/26/2007 1:49:18 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 308
9. DOC TYPE: Deed CONSIDERATION: $75,000 DATE REC: 11/26/2007 1:49:18 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 275
10. DOC TYPE: Deed CONSIDERATION: $520,000 DATE REC: 11/21/2007 3:56:35 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 69
11. DOC TYPE: Deed CONSIDERATION: $675,000 DATE REC: 11/21/2007 12:43:04 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 276
12. DOC TYPE: Deed CONSIDERATION: $650,000 DATE REC: 11/21/2007 12:43:04 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 280
13. DOC TYPE: Deed CONSIDERATION: $580,000 DATE REC: 11/20/2007 1:02:38 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 286
14. DOC TYPE: Deed CONSIDERATION: $625,000 DATE REC: 11/19/2007 2:21:28 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 277
15. DOC TYPE: Deed CONSIDERATION: $625,000 DATE REC: 11/19/2007 2:21:28 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 311
16. DOC TYPE: Deed CONSIDERATION: $620,000 DATE REC: 11/19/2007 2:21:28 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 281
17. DOC TYPE: Deed CONSIDERATION: $625,000 DATE REC: 11/16/2007 11:56:45 AM
SUBDIVISION: TETHEROW PHASE 1 LOT: 98
18. DOC TYPE: Deed CONSIDERATION: $675,000 DATE REC: 11/16/2007 11:56:45 AM
SUBDIVISION: TETHEROW PHASE 1 LOT: 108
19. DOC TYPE: Deed CONSIDERATION: $515,000 DATE REC: 11/9/2007 12:05:19 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 106
20. DOC TYPE: Deed CONSIDERATION: $535,000 DATE REC: 11/9/2007 12:05:19 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 95
21. DOC TYPE: Deed CONSIDERATION: $580,000 DATE REC: 11/8/2007 12:52:41 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 283
22. DOC TYPE: Deed CONSIDERATION: $460,000 DATE REC: 11/6/2007 3:27:41 PM
SUBDIVISION: TETHEROW PHASE 1 LOT: 102
23. DOC TYPE: Deed CONSIDERATION: $605,000 DATE REC: 11/2/2007 11:56:34 AM
SUBDIVISION: TETHEROW PHASE 1 LOT: 109
24. DOC TYPE: Deed CONSIDERATION: $750,000 DATE REC: 10/26/2007 10:58:05 AM
SUBDIVISION: TETHEROW PHASE 1 LOT: 114
25. DOC TYPE: Deed CONSIDERATION: $350,000 DATE REC: 12/17/2007 12:44:36 PM
SUBDIVISION: TETHEROW PHASE 2 LOT: 12
26. DOC TYPE: Deed CONSIDERATION: $350,000 DATE REC: 12/14/2007 11:16:06 AM
SUBDIVISION: TETHEROW PHASE 2 LOT: 27
27. DOC TYPE: Deed CONSIDERATION: $340,000 DATE REC: 12/12/2007 2:15:12 PM
SUBDIVISION: TETHEROW PHASE 2 LOT: 16
CCC
CCC
114 $750,000 (the David Kidd site)
*
The KIDD sale is FISHY, they show $750k paid, they highest anyone has ever PAID, and we know KIDD is there trophy! Why would he have to pay top dollar?? Hell he designed the course.
But what did he actually pay?? $300k its right there, a loan from him to Bank of America for $300k, thus, "Arrowood/bauhofer" tossed in $450k credit for intangible presence.
Note the other 'sales', and there were only a few, over 50% of the recordings happened in December, and were to SHELL corps, e.g. LLC. I counted less than 1/2 dozen REAL lot sales to REAL people.
What's a lot at Tetherow REALLY worth? I would say less than $300k.
What they doing is the same thing they always do "record a huge amount, but give back credits", This is how ALL of Bend is keeping the Medians UP, the recordings don't mean SHIT, what matters is what people themselves actually paid, e.g. the AMOUNT of the actual bank-loan they took out!
Just for fun, those of you WHO DO numbers, should run two graphs, one of medians of recorded sale, and the other of the actual money borrowed, note that all things equal REAL DOWN hasn't changed, except today zero-down is out.
Tetherow
The issue here is we were told long ago by the BULL that 19 lots 'closed' in October, as I said then 'closed' don't mean shit, what matters is 'recorded'.
Nothing was recorded at Tetherow until December, and then only a a few real lots to real people. Given that MOST of the lots should have been SOLD in theory to the RICH, which would have been cash, this would have been easy to determine.
Given that only a few went to people, and most went to LLC's, this is a highly suspcious shell game, as bauhofer could have reocorded each of these transactions to a shell of his own, and thus there are really only 3 or 4 transactions, and even 'david kidd' doesn't matter, YOU KNOW he was given a $750k lot for $300k, as an INVESTMENT, and he'll never build on that lot.
Nobody is going to BUILD. Tetherow is FUCKED, and should soon be on HOMERS death-list.
This is the original transaction, which generated the press-release by the NEW PR firm of tetherow, and the BULL printed, NOTE it was ONE transaction, the BULL blew to 19. A phony transaction at that, as "DAVID KIDD" designed the golf course. This was all a bait&switch PR&MARKETING BEND transaction.
You can go to county-records and search sub-division for "TETHEROW PHASE 1", and NOTE only real transactions, to real people, and the actual price they paid. Also note the dates.
BofA only fronted $320k, that means than David is alleged to have paid over 50% down for an empty lot?? Hmmh?
2007-056871 PDF TIF
DOC TYPE: Deed of Trust / Mortgage CONSIDERATION: $320,000 DATE REC: 10/26/2007 10:58:05 AM
DIRECT: KIDD, DAVID MCLAY INDIRECT: BANK OF AMERICA NA
DIRECT: KIDD, JILL A
SUBDIVISION: TETHEROW PHASE 1 LOT: 114
So tetherow says they got $750k, for davids lot? The most ever this is their high-median for comparison, real price $320k hmm?
2007-056870 PDF TIF
DOC TYPE: Deed CONSIDERATION: $750,000 DATE REC: 10/26/2007 10:58:05 AM
DIRECT: ARROWOOD TETHEROW LLC INDIRECT: KIDD, DAVID MCLAY
INDIRECT: KIDD, JILL A
SUBDIVISION: TETHEROW PHASE 1 LOT: 114
Homer,
All this tetherow stuff is besides the point, here is the real point for the death list.
1.) All golf courses in Bend are fucked.
2.) Tetherow has sold a few lots in cases where they gave them away to insiders at cost, for investment purposes. There appears to be no real money from external sources.
3.) The loans from Florida to Tetherow Arrowwood Bauhofer are over. This is why they're now trying to make the city pay $24M for their roads, and why they opened the road to the public.
There is probably a '4' but I forget it.
Summary, Tetherow is FUCKED.
Re: Bruce:
You're missing over half the Tetherow lots that have had deeds recorded since October.
Sorry, I was just relying on the information posted here. I'll try to analyze all the numbers today, including the missed ones. You are showing 27 deeds recorded, even more than the 19 claimed.
Blogpopst on commercial RE in Sacramento bodes ill:
http://sacrealstats.blogspot.com/2007/12/elk-grove-commercial-real-estate.html
This is the problem with 'renters' they don't know how to read the county records.
What you do is take your own transaction, assuming you own a house find yourself. Your transaction, and the banks recording. Study yours, then you know how to read the county records. Then look at up a new 'subdivision', knowing how to read REAL transactions conducted by real-people.
90% of the 'tetherow' transaction to date 'recorded' are shell transactions.
*
No point in discussing this shit with 'renters' as they have no basis for comparison. Without a basis its impossible to separate a 'phony' transaction from a 'real'.
Good luck, remember 90% of the people on this blog are renters, and thus they don't have a clue about how real estate transactions take place in Bend,OR.
*
Lastly, when in doubt, change the subject to Sacramento, where you came from.
90% of the 'tetherow' transaction to date 'recorded' are shell transactions.
*
Lastly, when in doubt, change the subject to a conspiracy theory.
Sorry, I was just relying on the information posted here. I'll try to analyze all the numbers today, including the missed ones. You are showing 27 deeds recorded, even more than the 19 claimed.
*
The 19 claimed was a while back. There have been more Tetherow deeds recorded since then.
The Bullshittin today prints an op-ed by some e-CON-omist saying things are just rosy and there will be no recession in 2008.
The writer must be a product of the RepubliCON Don't Worry, Be Happy School of E-CON-omics.
"Bearing the brunt of this town thru the Winter w/o beer? I'd rather be dead."
Start drinking wine. More buzz, less filling.
But you're absolutely right about Bend winters. They suck. And they go on for about 10 months. Another terrific reason NOT to move here, unless you're moving from Alaska or Minnesota.
Re: No point in discussing this shit with 'renters' as they have no basis for comparison. Without a basis its impossible to separate a 'phony' transaction from a 'real'.
Hey, you're the expert, so why don't you go through the records and show us exactly which transactions are shams?
Has anyone ever heard of the Bend Metropolitan Planning Organization?
Policy Board
Bill Friedman, Chair City of Bend
Dennis Luke, Vice Chair Deschutes County
Jim Clinton City of Bend
Mark Capell City of Bend
Bob Bryant ODOT
Freight Advisory Committee
Todd Taylor, Chair Hap Taylor & Sons (and others)
Source: http://www.ci.bend.or.us/depts/community_development/bend_metropolitan/docs/BMPO_2007_2008_UPWP_draft_June_11.pdf
Rather interesting reading.
>>The loans from Florida to Tetherow Arrowood Bauhofer are over. This is why they're now trying to make the city pay $24M for their roads, and why they opened the road to the public. <<
The Tethrow roads being public were a condition of project approval by Deschutes county and have nothing to do with any loans.
Tetherow wants the West Side Development Agreement extended so submitted site plans for future phases cannot be challenged for traffic impacts.
The Tetherow roads being public were a condition of project approval by Deschutes county and have nothing to do with any loans.
[ That's NOT what was said, what was said, is that the easy-money for this GOOF-COURSE is no longer coming. Nobody is going to loan good money for this pig, except MOB rates. ]
Tetherow wants the West Side Development Agreement extended so submitted site plans for future phases cannot be challenged for traffic impacts.
[ Tetherow has already asked the city for money, to help pay for the roads. A 'Traffic Impact' from a mega-resort, that connects to three feeders, ... going to impact anyone nah, century, skyliner, and BT-washington don't count. ]
**
No more money for Tetherow, and nobody wants to buy the lots, and nobody is going to be building on the few lots that have sold, until things appear to have turned on the bubble collapse, .i.e. Tetherow will be suspended for five years.
Yes, good time to extend the city 'impact', as its clear that there will be no impact for the next five years.
My wife has beard, hairy armpits, and can lift a VW rear-end for tire changes.
She can out ski, out hike, and out bike any of you.
She looks good from all six angles, but is occasionally mistaken for a cave dwarf.
2. I follow land-use discussions on the central coast (SLO county), and what continues to amaze me is not that the local government sells out, but how cheap they come.
*
I read the bruce-bitches sacramento blog, I can see why he likes it, its all pictures.
The only good quote was in the comments, like always here as well.
Yes, the same can be said of Bend, why did city-hall sell out so cheaply??
Hollern, Capell, Smith, Williams, ... would have give their nuts for a building permit. So, why did city-hall subsidize them? Why do they subsidize Les Schwab?? These are the kinds of legacy questions people in this greed little shit-hole desert town will be asking.
Sure soon ALL of Bend will be covered with ASPHALT, "oh the Old-Mill is SO beautiful, all that asphalt right next to the river, ..." All that empty retail space, all dressed up with no where to go.
The thing with Bend, is we're so fucking small NOBODY cares, it will be painful here, terrible, but we'll never be noticed, just like the #1 05,06,07 for over-value who cares in a population 70k town, we don't have the critical mass. Nobody cares, but the folks that live here will be hurting very,very bad.
Smith Rocks is Fucked - 60 Mega-Homes to be Built.
****
Developer donates land near Smith Rock to land trust
Associated Press - December 29, 2007 2:35 PM ET
BEND, Ore. (AP) - A Central Oregon developer who had planned to build a half-billion dollar destination resort near Smith Rock is donating a portion of the land to be managed by a conservation group.
Jim Gardner's plans to build near famous Smith Rock State Park raised major public outcry.
In response, the developer donated 550 acres of the land to be managed by the Deschutes Basin Land Trust. The conservation group says the land is home to deer, elk, cougar and hawks. It is also home to some great views of Smith Rock, a popular rock climbing and outdoors site.
Gardner's group will maintain ownership, but can no longer build on the land.
Gardner still plans to build 60 homes on remaining 1700 acres. Those villas will cost about a million dollars each.
This is the 'old' wise-use over-ride for the area of Bend, to basically infill the entire Deschutes County with crap-shacks.
Wise-Use, is a federal program sponsored by the like of Garzini, and Kuratek, who obtained the federal block grants for its analysis.
Basically UGB, and URA don't mean shit, the FEDS can over-ride this shit anytime, "wise-use", say's highest and best use comes first.
Welcome to Bend.
#1 resort surround by the LA Basin.
***
What is the Bend Metropolitan Planning Organization?
The Bend Metropolitan Planning Organization (BMPO) is the federally designated regional transportation planning organization for Bend. It serves as a forum for cooperative transportation decision-making by state and local governments, and regional transportation and planning agencies. MPOs are charged with maintaining and conducting a "continuing, cooperative, and comprehensive" regional transportation planning and project programming process for the MPO area.
What is the Bend MPO area?
The Bend MPO boundaries are slightly larger than the City of Bend urban growth boundary. The MPO boundary includes areas within Deschutes County that are anticipated to be "urbanized" over the next 20-years. These areas are primarily located to the east and south of the urban growth boundary and include areas such as Deschutes River Woods (DRW).
The MPO boundary includes areas within Deschutes County that are anticipated to be "urbanized" over the next 20-years.
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You can NOT justify the 2025 I97 Freeway from Reno to Madras, if you don't PLAN big for the MPO.
The people in Central Oregon despise the Salem, OR land use rules. The FEDS can over-ride the use. MPO is the plan, and the FEDS say if you have an MPO, then FUCK-YOU to State law.
This is why Bend city-hall doesn't give a fuck about UGB, because long-term its just a shredded piece of paper.
Then there’s Central Oregon: Bend has a population of 78,000, having nearly quadrupled since 1990. Another doubling would put Bend in the same league as Eugene and Salem.
A city’s size, of course, does not determine its quality of life. While a larger population can support commercial, cultural and educational institutions that can make a city an attractive place to live, it can also bring congestion and overburdened public services. How well people are living in a particular city is far more important than how many of them are living there.
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