Sunday, June 28, 2009

Bend's Newest Business Plan: Flip & Strip.

OK, just when I think Costa has woke up & smelled the homeless, he puts out something like this:

Where all the jobs have gone

By Jeff McDonald / The Bulletin
Published: June 28. 2009 4:00AM PST

The meteoric rise and fall of Deschutes County’s unemployment rate has garnered national headlines as a prototypical boom and bust story, but what lies behind the county’s unemployment rate increase of 12 percentage points from May 2007 to May 2009?

Where have all the jobs gone? And how will the region look when it recovers?

Many companies reported difficulties finding employees in May 2007, when Deschutes County’s seasonally adjusted unemployment rate was 4.7 percent.

Now, with an unemployment rate of 16.7 percent reported last week in the county and rates of 16.4 percent in Jefferson County and 20.9 percent in Crook County, employers report an abundance of labor with companies slashing wages and jobs, unemployment rates at all-time highs and job-seekers going to great lengths to find work.

Experts who study the region’s labor trends agree that the region’s housing market and construction activity became overheated during the boom years between 2004 and 2006.

“I don’t know what we’re shifting to, but when you look at that loss in (mining, logging and construction) jobs in just the last two years, it is safe to say the development-based economy has slowed,” said Carolyn Eagan, the region’s economist for the Oregon Employment Department.

“The county and city of Bend (have) had to cut staff, engineering firms are operating on bare-bones staff and many Realtors are not renewing their licenses,” Eagan said. “I don’t know what we’re shifting to. I don’t think we’ll know until it’s happened.”

The collapse of the housing industry has resulted in a net loss of 3,050 jobs in the county’s mining, logging and construction sector from May 2007 to May 2009, a 36.2 percent drop, according to the Oregon Employment Department. Most of that sector is construction, according to the department.

The county has 4,860 fewer jobs overall than it did in May 2007, the department said.

Other sectors where job losses were reported included manufacturing; professional and business services; and trade, transportation and utilities. They lost 910 jobs, 530 jobs and 710 jobs over the two-year period, respectively.

Individual industries such as high-tech and biosciences, which are smaller in size, are grouped under larger sectors such as manufacturing or professional services, depending on whether they produce a product or conduct research or provide services, for example, according to the Employment Department.

Professional and business services jobs range from those in law offices and architectural firms to employment and janitorial services. The trade, transportation and utilities sector includes retail and wholesale businesses, as well as private utility companies and private transportation companies.

Educational and health services jobs were up by 400, and leisure and hospitality jobs by 240, from May 2007 to May 2009, according to the data.

Those sectors demonstrated growth, but at a milder pace than during the boom years, the department said.

Over the same two-year period, there were 360 government jobs added in Deschutes County.

In May 2007, there were 67,120 jobs, 8.7 percent more than May 2009, according to a report last week from the Employment Department. The county peaked in total employment with 73,510 jobs in June 2007.

Job losses alone do not explain the state and county’s record-high unemployment totals, Eagan said.

The civilian labor force — which includes anyone 16 and older who either has a job or is looking for work — has been growing in the county and statewide despite fewer jobs available, according to the Employment Department.

More people are postponing retirement and staying in the work force, and second-wage income earners such as spouses who previously didn’t work and retirees are re-entering the work force. Additionally, more people are continuing their job search longer than they would normally without finding work, Eagan said.

Unemployment trends

Oregon’s 12.4 percent unemployment rate is the second-highest in the nation, behind only Michigan, which had a 14.1 percent seasonally adjusted unemployment rate in May, according to a U.S. Department of Labor report issued June 19.

The Midwestern state, which has been decimated by the loss of auto industry-related jobs, has seen its civilian labor force shrink from 4.97 million in April 2007 to 4.78 million in April 2008, according to the state’s labor Web site.

Meanwhile, Oregon’s civilian labor force grew from 1.91 million to nearly 2 million over the same time period, according to the state’s employment Web site.

The collapse of the housing market — one part of the asset bubble that also included stocks, retirement savings and other investments — also contributed to the rise in the civilian labor force in Oregon and other Western states, said Timothy Duy, adjunct professor of economics at the University of Oregon.

People who were living off their assets, particularly in a resort community like Central Oregon, were forced to go back to work when they saw their houses and other investments lose value last year, said Duy, who follows the region closely and authors the quarterly Central Oregon Business Index.

“As assets became increasingly impaired and foreclosures started rising, the labor force started (increasing) quickly,” Duy said. “That started a process where the unemployment rate started spiking.”

Mounting job losses also contributed to the rising unemployment rate, which spiked nearly 10 percentage points over the past 12 months — from 7 percent to 16.7 percent, Duy said. Both trends, an increasing number of people who had lost equity in their homes and money in investments, and an increasing number of people who lost their jobs, increased the rate of unemployment, he said.

The county is on track this year — with 1,661 notices of default through Wednesday — to easily surpass the record 1,928 notices of default filed in 2008, but notices appear to have peaked in April. A notice of default is the first step in the foreclosure process but doesn’t always result in bank repossession.

While the unemployment rate could still go higher in coming months, the high unemployment numbers are more of a lagging indicator for the region, a fallout from the overheated housing economy, said Roger Lee, executive director of Economic Development for Central Oregon, which promotes development in the region.

“It cannot be overstated that while it is definitely a painful process, there is a purpose to the business cycle,” he said. “We’d like to have it a lot less deep and prolonged, but we’re seeing people get lean and mean.”

Hardest hit

Construction and manufacturing have been hard hit throughout the region, accounting for roughly half the region’s unemployed workers, but several industries, while battered, are still holding their own, Lee said.

Lane Lehrke, 42, who moved to Bend in 2003 with his wife and two children, bought a home and worked for a local builder as a production manager until October, when he was laid off due to lack of work. He had owned his own company in Oregon City before he joined the Bend builder.

But Lehrke has not been able to find work in the construction field, despite sending out résumés to five different Western states and online sites, he said.

“I have put in résumés in lots of places,” Lehrke said. “I have gotten a lot of nonresponses. Very rarely do I get a response.”

Lehrke, while collecting unemployment, still makes $400 monthly payments to pay for the cost of his builder’s license, insurance and bonding, he said.

“I’ve got some opportunities in the fall,” he said, referring to potential jobs in Portland. “A lot of it has to do with stimulus funding.”

What comes out of the current trough in the business cycle will depend upon how much the county diversifies its employment base, said Lee.

Construction was 11.7 percent of the total work force in May 2007, and is 8 percent today, according to the Employment Department. Manufacturing, meanwhile, was 7.7 percent of the work force in May 2007, and is 6.9 percent today.

“This place is not tanking,” Lee said. “There are indicators of economic activity still going on here.”

The economy needs more diversity, but is not on a tipping point like it was in the 1980s, Lee said.

That was when the region’s mills were crippled by changing forest policies and the area began to rebuild its economy, he said.

“There are a lot of examples in the West where the change in forest policy decimated those areas,” he said. “Central Oregon has done a decent job, but we still need to do better in targeting industries that have promise.”

The region needs to target companies in knowledge-based industries such as renewable energy, software and medical device manufacturing, he said. Global competition is fierce in recruiting “green” companies, which provide top wages and heavy capital investment, Lee said.

Central Oregon has been competitive in its recruiting efforts for those types of companies, Lee said, citing more affordable land in the region, a ready work force and quality of life. Lee expects to find companies that are the right size for the region, possibly landing suppliers for Portland’s growing green manufacturing base.

Companies such as Bend-based dog apparel manufacturer Ruff Wear and Warm Springs Composite Products, which both ship products overseas, are faring well. Others that have been hit hard by the national recession, such as Madras-based manufacturer Bright Wood and Contact Industries in Prineville, are retooling and will eventually provide jobs in Jefferson and Crook counties, Lee said.

“With very few exceptions, these are very sophisticated wood products manufacturing companies,” Lee said. “They will be back with those kinds of jobs. Our challenge is to diversify with other types of jobs.”

OK, without looking, was the title:

WHERE HAVE ALL THE JOBS GONE

or

WHERE ALL THE JOBS HAVE GONE

Right. The first one implies jobs that are gone. The second implies that the jobs are "still there", they are just hanging out somewhere smoking cigg's or something.

Very sleezy writing, and something I guarantee Costa jumped in to change. Sooooo... the first is a more appropriate title, but of course it is the second that was actually used. You can tell, because the writer uses the obviously "correct" title in his second paragraph:

You find, of course, there is no answer to either.

WHERE ALL THE JOBS HAVE GONE.

So it is a STATEMENT, not a question. And it appears that the answer is NOWHERE. They're just gone. They aren't hiding somewhere, waiting to be found.

You gotta love these softball pieces, where the reader is treated like they are 5 yrs old.

Where have all the jobs gone? And how will the region look when it recovers?

Here's the real answer: Most of that employment near the peak was FAUX JOBS & FAKE BUSINESSES, 100% fake and unneeded and unsustainable jobs, businesses that never had a chance.

Building houses no one wanted. Mortgage brokers hired, apprasiers for falsified appraisals. And all the "multiplier" jobs: All the jobs & businesses that were spawned from a credit-fabricated bubble, to feed demand that had no basis in reality.

Those jobs are gone. And the "multiplier" jobs; the coffee shack purchases, the Jamba Juices, the oil changes and all the other stuff that "fuels" those faux jobs will soon be gone too.

Remember the local business index that the Bully used to print? Well, one of the most out-of-control pieces of that index was the Help Wanted ad count.

Over the course of just a few years, it went from 1-2,000 to something like 12,000!

THAT was the bubble. Well, at least it showed the jobs bubble that happened here. We should have known FULL WELL something was wrong when we saw that stat.

But we didn't despite have sharp as nails local experts making the following observations:

Experts who study the region’s labor trends agree that the region’s housing market and construction activity became overheated during the boom years between 2004 and 2006.

Wow.

Do you think so, Costa?

Funny. In this sentence, it starts out regarding experts studying the "region's labor trends", and ends up with a conclusion about our "overheated" construction market.

Standard bamboozling bullshit.

And what's great is although we are promised some sort of insight into what the area will morph into, the piece never delivers:

I don’t know what we’re shifting to, but when you look at that loss in (mining, logging and construction) jobs in just the last two years, it is safe to say the development-based economy has slowed,” said Carolyn Eagan, the region’s economist for the Oregon Employment Department.

I don’t know what we’re shifting to. I don’t think we’ll know until it’s happened.

Is this one of the "EXPERTS", Costa? Seriously.

She is really going out on a ledge here, with such forward-looking statements as:

...it is safe to say the development-based economy has slowed

Dang. I guess maye she looked over at the sidebar and saw the following stat:

Mining, logging and construction 8,420 to 5,370 (jobs) — Down 36.2%

Nice touch. The strangely globbed together industries of mining, logging and construction has LOST ONE THIRD of it's job base, and THE EXPERT has made the observation that THE DEVELOPMENT BASED PORTION OF OUR ECONOMY HAS SLOWED.

Never "shrunk". Not "lost". No, no. Slowed.

Q: "Dude, are you feeling better after that motorcycle accident where you lost your fucking arms and legs?"

A: "Fuck dude, I didn't LOSE anything! They were just slowed!"

Q: "Dude, did you also become retarded?"

So, needless to say there is a ton of Costa-fueled double-talk in this piece. But there are also outright contradictions of earlier "assertions":

The collapse of the housing market — one part of the asset bubble that also included stocks, retirement savings and other investments — also contributed to the rise in the civilian labor force in Oregon and other Western states, said Timothy Duy, adjunct professor of economics at the University of Oregon.

People who were living off their assets, particularly in a resort community like Central Oregon, were forced to go back to work when they saw their houses and other investments lose value last year, said Duy, who follows the region closely and authors the quarterly Central Oregon Business Index.

Remember, way back when, we were told repeatedly that BECAUSE Cent OR had such a huge Asset-Rich retirement base, that we were essentially IMMUNE to unemployment anymore?

Uh huh. All those IDLE MILLIONAIRES just stuffing westside houses, didn't need to work, or do anything but cycle all day, and get their cocks sucked all night by their best friends wife, while Bledsoe swallowed donkey cum buckets.

Welp, all of a sudden those motha fuckas need money, and are starting to take jobs at McDonalds.

These are the WAKE UP AND SMELL REALITY Cali-banger dumbfucks who thought they'd come here and never work another fucking second in their lives... dead ass broke.

THAT is who is UNEMPLOYED, that is what's come outta the fucking woodwork. Costa told us we'd all ride a magic carpet of affluence FOREVER cuz these motherfuckers would never stop CUMMING here, and showering us with BILLIONS.

Yeah, these fuckers are BROKE.

Finally, we get Roger Lee's take, who basically says it was over months ago, and it's great that it happened:

While the unemployment rate could still go higher in coming months, the high unemployment numbers are more of a lagging indicator for the region, a fallout from the overheated housing economy, said Roger Lee, executive director of Economic Development for Central Oregon, which promotes development in the region.

“It cannot be overstated that while it is definitely a painful process, there is a purpose to the business cycle,” he said. “We’d like to have it a lot less deep and prolonged, but we’re seeing people get lean and mean.”

It's all good with Lee. His mother could get her head cut off in a fucking car wreck, and Lee would spin that shit as something she really needed to happen anyway. Yeah, she gettin' "lean and mean", right Roger?

OK, enough about the Bully's non-stop bullshit machine. Not much to say about this next nugg, but man it hurts:

Graph of US Housing Equity

Woof, that is a hideous hit to US net worth, down from $12.5 trillion or so, to below $7.5T and still falling. Keep in mind that is a 57 year chart.

If you extrapolate out some sort of bottoming process, it could easily go on for 15-20 years.

And that's just "stabilizing": We'll NEVER hit the peak values of 2006 in our LIFETIMES.

Couple this with NAR, who continues to try to make the salad days appear by reinstating practices that caused this mess to begin with:

Real Estate Associations Want Appraisers To Inflate Home Prices

The housing is still struggling because appraisers are being too tough assessing the value of homes.

That's the self-serving argument being made by realtors who are complaining that lower appraisal values of homes are delaying deals, ruining sales and prolonging the housing crisis.

Appraisal fraud was an enormous contributor to the unsustainable run up in prices during the boom period. Many (but not all) mortgage brokers and realtors referred buyers to appraisers that ALWAYS hit the number of the home purchase price

Now, NAR and other real estate lobbying groups, who are trying to maintain stay in business despite the total destruction of their market, are mobilizing a major effort to reach out to Congress and housing officials.

As NAR economist Lawrence Yun said earlier this week, "Lenders are using appraisers who may not be familiar with a neighborhood, or who compare traditional homes with distressed and discounted sales." Instead, Yun and his bunch want appraisers who won't be too tough. As Yun puts it, "There is danger of a delayed housing market recovery and a further rise in foreclosures if the appraisal problems are not quickly corrected."

And what about the RIDICULOUSLY LUCRATIVE easy-life of local moving companies? Well, they are finally getting their comeuppance!

Housing, unemployment woes leave movers shaken

Sinking home prices and a weak job market have forced normally restless Americans to stay put in an uncharacteristic shift that has, among other things, clobbered the moving industry.

Yeah, basically the moving trade is imploding. But still we need local Government bureaucrats to save us from these sleezy fuckers, who are barely holding on by their fingernails:

'Sting' targets unlicensed movers, so you're not stung

You can read the piece direct, but the comments tell of the outrage over such bullshit:

Native Oregonian says:
2 days ago, 04:19:51 PM
"When I was a kid my brothers and I made money by doing yardwork for neighbors, babysitting, having kool-aide stands, washing cars. and doing housework for neighbors. I suppose most of the above would now require bonding, licensing, permitting, liability insurance, etc. Thankfully, we were never sued and all our "clients" seemed happy with the work we did and even tipped us sometimes.

Yes, all these monstrous state agencies are supposed to "protect" the consumer but they just create more out-of-control spending government with perks and pers. A claim against a contractor needs to go through a long process and even when the contractor is licensed and bonded, if he (she) files bankruptcy, your claim could be released in the process regardless of their bonding.

Oregon Construction Contractors Board allows the licensed contractor 6 months to pay a judgement or settlement agreement before a bonding company is involved if they fail to pay. Oregon licensed contractors can appeal the decision and again this takes months. Who pays for any necessary immediate repairs?

So, do you think this highly over-regulated state will pay your claim? Nada. Many bonds are for $10K and if you as a homeowner get a judgement over the bonded amount, all you are left with is a piece of paper that you likely will not collect on, over the bonded amount of money.

I tried to find someone to do some weeding for me this summer. Every licensed landscaper, or yard worker wanted from $40-$67 HOURLY. They explained that was because of the high cost of the state requirements for licensing. I did not use them.

Did all the people working at Cessna that are unemployed or soon to be unemployed make that much money? I personally would hire an unlicensed mover, yard worker or babysitter any time I could and use my own resources to determine if I feel they are qualified and honest to complete the job properly.

As for my weeding, I found a very dependable, responsible, hard-working and honest person that quickly completed the work I needed done. I paid him $25 an hour and he was not licensed. I am very pleased with his work and more pleased that he is not licensed.

Guest says:
2 days ago, 04:50:15 PM
"Let this be a very important lesson to all you kids out there running those lemonade stands in front of your house,,, If someone say`s "we`re here to help you" RUN !!!!

Guest says:
Yesterday, 04:16:23 PM
"wow that is lame. hurting the little man trying to make a buck! everyone involved in this should be ashamed and apply for work out of the country, karma is a bitch!

There were 18 vehicles caught in this "sting". How many got tickets?

In Thursday's sting, there were 18 vehicle-related violations issued and one was placed out of service for safety violations.

Fucking ODOT scumbags, and they used cops as their THUGS.

This is a bunch of rag-tag, broke ass broke down and out workaday bastards who are just trying to do something to put food on the table, and ODOT hands out tickets to each & every one.

They raise the SPECTRE of unlicensed BANDITS stealing your shit on a meth-fueled, gun toting bender, when that is 100% UNADULTERATED BULLSHIT. These poor fuckers can barely afford to pay attention.

And that's where this thing is going: Vultures stripping the meat off damn near dead carcasses. Cops & ODOT stripping the poor, NAR wants to steal from new homebuyers by inflating the bubble anew.

Everybody in strip-N-flip mode.

hbm, will you please flip and strip me?

Dunc, do you have paper or plastic for my comics?

252 comments:

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IHateToBurstYourBubble said...

Anybody doing anything fun for the 4th?

IHateToBurstYourBubble said...

A fairly bleak piece on Burns...

Harney County losing jobs, hopes

When times were good, logging trucks and recreational vehicles burned rubber down the pavement. When times are bad, as in the past year, the roads are starved of vehicles. Shuttered businesses sit on their shoulders. There no new jobs in sight.

Soon the empty roads around Harney County could be the way out for people with no job prospects and no more unemployment checks on the way.

As the recession wears on, an uncharted phase of the downturn is setting in not only in Harney County but also across the state: Workers, jobless for longer than a year, are beginning to exhaust their unemployment benefits.

IHateToBurstYourBubble said...

Trying to sell Harney County


Harney County wasn't always economically depressed. In the early 1970s, the county had among the highest incomes in the state, above the national average, with timber fallers and others raking in the dough, an era some residents remember.

County officials say they haven't given up hope for a rebound, and instead, are getting creative.

With so many unemployed residents with time on their hands, Grasty has launched a finder's fee for anyone who successfully tips off the county's economic development arm to a business looking to relocate.

The county spends about $80,000 a year on economic development, advertising on local billboards. On its Web site, it claims the county is "rapidly becoming the most attractive place to locate your business in the Pacific Northwest."

The county will pay anyone who gives it a solid lead $1,500 to $5,000, depending on the size of the business. So far, no one has found one that panned out, Grasty says.

"One of these days we'll hit a home run," he says. "We're trying to market to people who can ship high value things via UPS. Something that doesn't need rail cars. If you need natural gas, we can't help you."

Grasty has a vested interest in luring jobs to the community. His own daughter and son-in-law worked at Monaco and now are considering moving.

Young families with children are becoming a rarity in a county with few family-waged jobs. Grasty keeps a database of kids who've graduated from Burns High School. Every now and again, he'll send them a letter, asking when they to return. He has yet to get a response.

"We're not about to quit," Grasty says, " Let's get after what we can. We just have to find it."

IHateToBurstYourBubble said...

On its Web site, it claims the county is "rapidly becoming the most attractive place to locate your business in the Pacific Northwest."


Hold on: We say the same thing!

Could it be true that EVERY SINGLE MOTHER FUCKING PLACE IN OREGON IS A PUMP-N-DUMP LYING-ASS SHITHOLE JUST LIKE BEND?

OH NO!

IHateToBurstYourBubble said...

New Research on Walking Away


Here is an interesting new paper on homeowners with negative equity walking away: Moral and Social Constraints to Strategic Default on Mortgages by Guiso, Sapienza and Zingales. (ht Bob_in_MA)

The WSJ Real Time Economics has a summary: When Is It Cheaper to Ditch a Home Than Pay?

The researchers found that homeowners start to default once their negative equity passes 10% of the home’s value. After that, they “walk away massively” after decreases of 15%. About 17% of households would default — even if they could pay the mortgage — when the equity shortfall hits 50% of the house’s value, they found.
...
“Our research showed there is a multiplication effect, where the social pressure not to default is weakened when homeowners live in areas of high frequency of foreclosures or know others who defaulted strategically,” Zingales said. “The predisposition to default increases with the number of foreclosures in the same ZIP code.”


Walking away (what the researchers call a "strategic default" and the mortgage industry call a "ruthless default") is when the borrower decides to stop paying a mortgage even though they can still afford the payment. This has always been difficult to quantify. Whenever a lender calls a delinquent homeowner - if they can reach the homeowner - the homeowner always tells the lender some sob story about why they can't pay their mortgage (lost job, medical, rate reset, etc.). As the researchers note:

It is difficult to study the strategic default decision, because it is de facto an unobservable event. While we do observe defaults, we cannot observe whether a default is strategic. Strategic defaulters have all the incentives to disguise themselves as people who cannot afford to pay and so they will appear as non strategic defaulters in all the data.

So the researchers conducted a survey to attempt to quantify the percent of strategic defaults. This has drawbacks - the questions are hypothetical and there are no actual monetary consequences - but the results seem somewhat reasonable.

IHateToBurstYourBubble said...

Note: the researchers use Zillow for negative equity numbers, and I think those are overstated. I prefer the research of Mark Zandi at economy.com or estimates from First American CoreLogic.

I think one of the key points in the research are changing social norms - the more people a homeowner knows that he believes "walked away" the more open the homeowner will be to mailing in their keys. This is what I wrote in 2007:

One of the greatest fears for lenders (and investors in mortgage backed securities) is that it will become socially acceptable for upside down middle class Americans to walk away from their homes.

This research suggests that this is happening in significant numbers.

This has led many people to suggest principle reductions (as opposed to payment modifications) is the only solution. Tom Petruno at the LA Times has more on this: Is it time for underwater homeowners to be given a get-out-of-debt-free card?

Government and private-lender attempts to stem the home foreclosure crisis so far have mostly focused on loan modifications or refinancing -- giving borrowers a temporary or permanent reduction in their monthly payments.

But some housing experts say the next wave of help will have to address the core problem for many homeowners: negative equity.

This camp believes that there is no alternative but outright forgiveness of a substantial chunk of mortgage debt for many people who are underwater in their homes and at risk of foreclosure.


And a final note, the researchers also touch on the recourse vs. non-recourse issue:

While only few states have mandatory non-recourse mortgages (i.e., do not allow creditors to pursue borrowers who walk away from their mortgages for the difference between the amount of the mortgage and the resale value of the house), the cost of legal procedures is sufficiently high that most lenders are unwilling to sue a defaulted borrower unless he has significant wealth besides the home.

And that fits with an email Tanta sent me in 2007 on recourse loans:

Back in my day working for a servicer, we never went after a borrower unless we thought the borrower defrauded us, willfully junked the property, or something like that. If it was just a nasty RE downturn, it rarely even made economic sense to do judicial FCs just to get a judgment the borrower was unlikely to able to pay. You could save so much time and money doing a non-judicial FC (if the state allowed it) that it was worth skipping the deficiency.

IHateToBurstYourBubble said...

Been saying this forever:

LOAN MODS ARE BULLSHIT!

They completely ignore the fundamental incentive to just walk away from a financial drain. Loan mods are only accepted by people who are near mental retardation.

PRINCIPAL FORGIVENESS is the only thing that will keep people in homes. I don't like it, it rewards stupidity, but that is the fundamental incentive that will keep people paying.

But banks better be prepared for Phase II (and Phase III) of this procedure in the years to come. Mortgage principal forgiveness is going to be an anchor around banks for decades.

Anonymous said...

My sister works for one of the smaller cities in Oregon. Her boss cruises streets on the weekends, looking for unlicensed, untaxed businesses. On Monday morning, he always comes in with a list of businesses to investigate, so that they can be liscensed(which is a tax), and further taxed, based on income.

Anonymous said...

"Unemployment is a lagging indicator. "
Not really. When the economy in an area is in free fall, the rising unemployment is a very good indicator, of the FUTURE. Every unemployed person stops buying $4. coffees, $9. movie tickets, and $30,000. pick up trucks. So the people that sell these will be out of work, in the next 6-12 months.

Anonymous said...

As the captain of the Titanic said
"Leave me behind. Save yourself".
If you live in Bend, and are not wealthy, "Leave. Save yourself"

Anonymous said...

This is a sea change. It will not get better.
Obama will be known as the Herbert Hoover of this generation.
Bailing out bankers with billions of "loans" (which will never be repaid) does nothing to help the general economy.
Thank God we only have 3 1/2 more years.

Anonymous said...

Re: This is a sea change. It will not get better.
Obama will be known as the Herbert Hoover of this generation.
Bailing out bankers with billions of "loans" (which will never be repaid) does nothing to help the general economy.
Thank God we only have 3 1/2 more years.

;;;

Christ, the guy gets handed this fucking mess by the worst president ever, he of the party who had control of congress during the bubble growth into 2007, and you blame him for it all?

Did you read the line that stated:

“I’ve got some opportunities in the fall,” he said, referring to potential jobs in Portland. “A lot of it has to do with stimulus funding.”

Guess you would rather the guy didn't have any prospects, like Limbaugh, just to make sure Obama fails.

This mess had been years in the making. It's not going to get solved in six months. Although I agree that continuing Bush's bank bailout was very suspect.

Good article in the new Vanity Fair about Goldman Sach, BTW.

Anonymous said...

It's getting brutal out there.....Down in SanFran tow truck operators have become bounty hunters.....They cruise the streets looking for vehicles with expired tags....They are now allowed to tow such vehicles...The state pays them a bounty plus they hit the owners for towing & storage fees.....

Anonymous said...

It's Obama's economy now, for better or worse. The spending bills that get passed now will be judged by the bond market, affect the stock market, and affect business decisions. He has to take responsibility or he can't possibly fix it.

Anonymous said...

Obama can only blame the last administration for so long.
It is now his recession to deal with. If 2 years from now he is still peddeling "It's not my fault",he will be out on his ear come Nov. 2012.

Anonymous said...

You keep thinking that.

That little right wing, echo chamber ghetto you've created will continue to be ignored by the majority of Americans who understand full well what a pit Bush and his cronies created.

But I'm sure Fox News and Rush will continue to reassure you.

Bewert said...

Wow, that 'sting' BS is just fucking cold.

Anonymous said...

Sounds like someone is trying to replicate the right's echo ghetto on the left. Way to aim high.

Does Obama decide to step up and take responsibility for the economy or not? It's a simple question. he does or her doesn't.

Bewert said...

But then: “This place is not tanking,” Lee said. “There are indicators of economic activity still going on here.”

The surest indicator of the the end of the Bend depression will be when Roger Lee moves on. You won't have any farther to fall.

Anonymous said...

Yes, he should step up, wave his magic wand and clear up all the problems.

Damn him! Why hasn't he fixed everything?

You ever consider the possibility that the economy WILL be better in a couple of years? And if it isn't, that it will only reveal what a horrible mess was left to him?

You really believe that the corpse of the Republican party is going to reanimate in a year or two?

Like I said, quit listening to Rush and Fox News and get a whiff of reality.

Anonymous said...

Actually, don't.

I was right the first time.

Keep thinking that way.

Anonymous said...

"PRINCIPAL FORGIVENESS is the only thing that will keep people in homes. I don't like it, it rewards stupidity . . . ."

it rewards the stupidity of the borrowers but punishes the stupidity of the lenders. it's fine with me, as long as it doesn't get passed along to taxpayers, which is likely inevitable.

Anonymous said...

Dude, some of you fuckers are so clueless it's crazy. You're still bitching back and forth between left/right, obama/bush etc. Have you still not realized obama and bush are exactly the same???? I mean FUCK... wake the hell up. McCain would have been no different. Kucinich, Ron Paul, Nader, Ventura etc.. these are people talking real change. You probably don't even know about Ron Paul's audit the fed bill (hr 1207 i think) that has over 250 cosponsors... the first step to getting rid of the fuckin fed. Obama and Bush are just puppets of the elite bankers that are and do run the fed reserve. Do you fuckin get it yet?? Have you read or watched the documentary of The Creature From Jekyll Island? Seriously, no more excuses... wake the fuck up and educate yourselves. So much of this country is still exactly like you... too wrapped up in the false left/right paradigm to see the big picture. HOWEVER... millions are waking up to reality... please become one of us.

Anonymous said...

"it rewards the stupidity of the borrowers but punishes the stupidity of the lenders. it's fine with me, as long as it doesn't get passed along to taxpayers, which is likely inevitable."

There's a huge pile of steaming crap that's going to be dropped on the taxpayers no matter what. Look at the spending that's happening now. That's the taxpayers' obligation.

St Paddy said...

Dude, some of you fuckers are so clueless it's crazy. You're still bitching back and forth between left/right, obama/bush etc. Have you still not realized obama and bush are exactly the same???? I mean FUCK... wake the hell up. McCain would have been no different. Kucinich, Ron Paul, Nader, Ventura etc.. these are people talking real change. You probably don't even know about Ron Paul's audit the fed bill (hr 1207 i think) that has over 250 cosponsors... the first step to getting rid of the fuckin fed. Obama and Bush are just puppets of the elite bankers that are and do run the fed reserve. Do you fuckin get it yet?? Have you read or watched the documentary of The Creature From Jekyll Island? Seriously, no more excuses... wake the fuck up and educate yourselves. So much of this country is still exactly like you... too wrapped up in the false left/right paradigm to see the big picture. HOWEVER... millions are waking up to reality... please become one of us.

I read this book about 10 years ago and it changed the way I view our country and government. It's actually brilliant how the Rothschild family figured that's much more effective to conquer a nation by taking control of it's monetary system (the federal reserve) than war and enslave the people in debt. What really amazes me is that they actually pulled it off.

Anonymous said...

Well one thing is clear, long after Bend has recovered this bunch of BB2 losers will still be renting and talk ing the same fucking-shit.

Fuck all of YOU, and I concur OREO&BUSH are same-same.

Anonymous said...

If you think Obama can just coast, you're wrong. There are twice as many self-identified conservatives as liberals. Americans will go back to Republicans unless there is meaningful improvement.

Anonymous said...

Bend's inventory peaked in August (roughly) the last two years. Anyone expect anything different this year?

Bewert said...

Big test for Obama actually changing things today, as Honduran military arrested and deported the elected president. He had moved sigificantly left of his center-right position after election. CIA redux in Latin America.

As for the Fed, you and Ron Paul can scream until you're blue in the face--it ain't going anywhere. It's far too entrenched at this point. You might as well try to get rid of the Electoral College.

Buster is right, though, that is a great vid: http://tinyurl.com/n8s6g5

Well worth an hour of your time.

Anonymous said...

Sounds like someone is trying to replicate the right's echo ghetto on the left. Way to aim high.

Does Obama decide to step up and take responsibility for the economy or not? It's a simple question. he does or her doesn't.


***

Too true!!

And no, he won't. (accept responsibility, since it is all Bush's fault!)

"Waaahhh, waaa, it is all Bush's fault.

He did tell me how to exit Iraq.

Waaaa, he didn't tell me how FUBAR Afghanistan was.

Waaaa, he did not tell me that massive additional debt (on top of the debt Bush piled on) would not work.

Waaaa, he did not tell me we have to a Gitmo, and if I close the existing Gitmo in Cuba, we will just have to open a new one in Burmuda.

Waaaa, it is all Bush's fault."

====

What did we expect from a no-nothing freshman Senator who's only real job was as a community organizer???

Anonymous said...

Bewert said: As for the Fed, you and Ron Paul can scream until you're blue in the face--it ain't going anywhere. It's far too entrenched at this point. You might as well try to get rid of the Electoral College.

So just give up eh? FUCK that. It's not too entrenched if enough of us wake up and become outraged like we should. Man, comments like yours are just so weak... pussies like you would have probably said the same sort of thing before and during the revolution. "Oh the king just has too much power and the control is just too entrenched..."
... seriously, grow a pair. Wake up, look around you... is this control by the elite bankers acceptable to you? If so, fine. It sure as hell isn't with me.

Anonymous said...

"What did we expect from a no-nothing freshman Senator who's only real job was as a community organizer???"

*


Hmmm, hope and change?

But it is more McSame and Dope!

And I think Michelle has much more buff arms than Laura; but Laura is not as bitter-girl as Michelle.

hbm said...

26 hours without a single comment.

Michael Jackson has more life than this sorry excuse for a flatlined blog.

Stick a fork in it, Butter, this blog is done!!

Marge said...

Not quite dead yet...
June stats are a little early, but here we are so far:
Bend SFR sold: 109 @ $210 median
Pendings: 211 @ $224k
Contingent: usually a short sale: 175 @ $199k median.
NOD's to date in June: 275
Saw the Citibank vs. L A Judd for $144k today in the paper. Must be living off CC's.

LavaBear said...

>>>Stick a fork in it, Butter, this blog is done!!

It's not dead yet....it's just that it is nice outside. Kids are out of school. Watching the world unravel is fairly tedious and boring at times.

IHateToBurstYourBubble said...

It's not dead yet....it's just that it is nice outside.


Yeah dude. Very hard for even me to have a look at this when it's this nice out... There may be a number of "placeholder" entries coming up!

maybe I'll just post some stats from marge, or something.

My opinion? It's just PLAIN WRONG to be looking at a blog this time of year. Save that shit for October...

IHateToBurstYourBubble said...

Home prices drop, but at a slower rate

S&P/Case-Shiller index down 18.1% year over year, but monthly drop narrows to 0.6% in April.

NEW YORK (CNNMoney.com) -- Home prices continued to tumble in April, falling 18.1% from a year earlier -- but the month-over-month change in a closely watched real estate gauge narrowed sharply, indicating that housing markets may be starting to turn.

The 20-city slice of the S&P/Case-Shiller Home Price index recorded a drop of 0.6% from March to April, compared with a 2.2% drop in the prior month. The index has declined every month since July 2006. The 10-city index fell 0.7%.

"The pace of decline in residential real estate slowed in April," says David Blitzer, Chairman of the Index Committee at Standard & Poor's. "Thirteen of the 20 metro areas also saw improvement in their annual return compared to that of March."

Not only that but every metro area save one -- Charlotte, N.C. -- reported improvement in their monthly return compared with March.

"While one month's data cannot determine if a turnaround has begun, it seems that some stabilization may be appearing in some of the regions," said Blitzer. "We are entering the seasonally strong period in the housing market, so it will take some time to determine if a recovery is really here."

Blitzer pointed to some factors that may be lifting the housing markets. For one thing, the stock market bottomed out in March and started a strong recovery. The S&P 500 has gained about 37% since then. Consumer confidence has also improved, making house hunters more likely to pull the trigger on deals.

Not all optimistic: The housing market picture is still very murky, according to Pat Newport, a real estate analyst with IHS Global Insight. He's not convinced that the improved April report means much more than a seasonal variation in housing markets. Spring is, historically, a strong time of year for housing markets.

He said that not only are home prices still falling but other metrics, such as unemployment and foreclosure rates, are worsening as well.

"Foreclosures are still driving markets, and the rate of foreclosure is still going up," Newport said. "I think that's going to continue"

Job losses will all but guarantee that will happen, according to Newport, especially since price declines have put so many homeowners underwater, owing more on their mortgages than their homes are worth. By some calculations as many as 20% of homeowners are underwater.

When people are underwater and they're losing their jobs or some of their income, that's bound to result in more foreclosures, more vacant homes for sale and more downward pressure on prices.

Huge declines from peaks: Phoenix, where homes have lost 35.3% of their value over the past 12 months, was the worst performing market over that period. Las Vegas prices plunged 32.2% and San Francisco dropped 28%.

Denver prices fell the least over the last 12 months, down 4.9%, followed by Dallas at 5% and Boston at 7.7%.

Prices in Dallas rose 1.7% between March and April, the largest increase among the 20 cities. Las Vegas prices dropped 3.5%, the biggest decline -- which was still narrower than the month before.

Dallas also has suffered the smallest decline from the top of its market, off just 9.6% from its peak in June 2007. The rest of the cities have all suffered double-digit percentage drops from their peaks, with the worst being Phoenix, down 54.1% from June 2006.

IHateToBurstYourBubble said...

Home prices drop, but at a slower rate

S&P/Case-Shiller index down 18.1% year over year, but monthly drop narrows to 0.6% in April.

NEW YORK (CNNMoney.com) -- Home prices continued to tumble in April, falling 18.1% from a year earlier -- but the month-over-month change in a closely watched real estate gauge narrowed sharply, indicating that housing markets may be starting to turn.

The 20-city slice of the S&P/Case-Shiller Home Price index recorded a drop of 0.6% from March to April, compared with a 2.2% drop in the prior month. The index has declined every month since July 2006. The 10-city index fell 0.7%.

"The pace of decline in residential real estate slowed in April," says David Blitzer, Chairman of the Index Committee at Standard & Poor's. "Thirteen of the 20 metro areas also saw improvement in their annual return compared to that of March."

Not only that but every metro area save one -- Charlotte, N.C. -- reported improvement in their monthly return compared with March.

"While one month's data cannot determine if a turnaround has begun, it seems that some stabilization may be appearing in some of the regions," said Blitzer. "We are entering the seasonally strong period in the housing market, so it will take some time to determine if a recovery is really here."

Blitzer pointed to some factors that may be lifting the housing markets. For one thing, the stock market bottomed out in March and started a strong recovery. The S&P 500 has gained about 37% since then. Consumer confidence has also improved, making house hunters more likely to pull the trigger on deals.

Not all optimistic: The housing market picture is still very murky, according to Pat Newport, a real estate analyst with IHS Global Insight. He's not convinced that the improved April report means much more than a seasonal variation in housing markets. Spring is, historically, a strong time of year for housing markets.

He said that not only are home prices still falling but other metrics, such as unemployment and foreclosure rates, are worsening as well.

"Foreclosures are still driving markets, and the rate of foreclosure is still going up," Newport said. "I think that's going to continue"

Job losses will all but guarantee that will happen, according to Newport, especially since price declines have put so many homeowners underwater, owing more on their mortgages than their homes are worth. By some calculations as many as 20% of homeowners are underwater.

When people are underwater and they're losing their jobs or some of their income, that's bound to result in more foreclosures, more vacant homes for sale and more downward pressure on prices.

Huge declines from peaks: Phoenix, where homes have lost 35.3% of their value over the past 12 months, was the worst performing market over that period. Las Vegas prices plunged 32.2% and San Francisco dropped 28%.

Denver prices fell the least over the last 12 months, down 4.9%, followed by Dallas at 5% and Boston at 7.7%.

Prices in Dallas rose 1.7% between March and April, the largest increase among the 20 cities. Las Vegas prices dropped 3.5%, the biggest decline -- which was still narrower than the month before.

Dallas also has suffered the smallest decline from the top of its market, off just 9.6% from its peak in June 2007. The rest of the cities have all suffered double-digit percentage drops from their peaks, with the worst being Phoenix, down 54.1% from June 2006.

IHateToBurstYourBubble said...

WTF?

WTF??

Huge declines from peaks: Phoenix, where homes have lost 35.3% of their value over the past 12 months, was the worst performing market over that period. Las Vegas prices plunged 32.2% and San Francisco dropped 28%.

Frisco continues to plummet. Told ya.

Anonymous said...

"Frisco continues to plummet. Told ya."

True, but it's still only affordable to something like 0.5% of all Americans.

In other words, your prediction that it'll turn into Omaha isn't quite there yet.

Anonymous said...

The drop in San Francisco prices are mainly due to drop in prices in the far eastern suburbs
(Antioch, Brentwood, Discovery Bay)
Those prices are off 50-60% from the top of the bubble.
San Francisco itself has dropped by maybe 15%

Anonymous said...

We see that white firefighters won their case, that they were denied promotion, because of race.
About time that anti discrimination laws are applied equally.

Anonymous said...

If you are a gay,woman, who is a minority race, you can sue ANYBODY for anything, and claim discrimination.

tim said...

>>San Francisco itself has dropped by maybe 15%

And that's a huge deal. I know people who bought in SF with huge leverage. They thought the city was invulnerable. They expected ever-increasing prices. Down 15% in SF is like having the Grim Reaper chasing your ass.

hbm said...

"Down in SanFran tow truck operators have become bounty hunters"

Tow truck operators down there have always been pirates. I wrote a series of columns about it when I was with the San Jose Mercury News. Got death threats.

hbm said...

"In other words, your prediction that it'll turn into Omaha isn't quite there yet."

Home prices were vastly overinflated there, as in many other parts of the country. But it remains a desirable area to live for many reasons -- great climate, great universities, urban amenities, jobs and economic opportunity -- and it will rebound. The Bay Area's prosperity was not built on a foundation of blue sky and bullshit like Bend's was.

Anonymous said...

26 hours without a single comment.

*

Don't worry HBM, we all predicted this was how it would end, ...

I think we'll all piss on the rock, but yes, its too nice to be indoors, and ranting bullshit about OREO or BUSH, ... or Jackson, ... or SF, or SLC, ...

I'm looking forward to the pet-parade myself.

See some of you kunts there maybe.

MDHN09 said...

Down 15% in SF is like having the Grim Reaper chasing your ass.

That is not what I am hearing - SF will come back as all the foreclosure kids that moved to Tracy in the boom retreat back and rent in the Urban areas with jobs. Bay area has been strong sone the gold rush and will be just fine- lots of old money in the RE game there- 15% is shocking yet manageable.

Anonymous said...

"Frisco (sic) continues to plummet. Told ya."

That's really is due to the far eastern suburbs. San Francisco (the city, not the bay area) is down very little, and the desirable neighborhoods aren't down at all. I still think it needs to fall, but it just hasn't happened yet . . . .

Anonymous said...

Try being a jewish 60 year old, gun totin, lesbian in Bend.
Just sayin...try it~**

Anonymous said...

San Francisco (the city, not the bay area) is down very little, and the desirable neighborhoods aren't down at all.

*

Hell YES, around Golden Gate park, is just like being around Drake Park in Bend.

Too many assholes in BB2 confuse San-Jose with SF, too me SF is a mile radius of golden-gate park, and that shit ain't going anywhere. Just like the nice homes around Drake, ...

Anonymous said...

Try being a jewish 60 year old, gun totin, lesbian in Bend.
Just sayin...try it~**

*

Well that's all true, but 90% of jews support gun control of goyim.

In Bend you got guns, but little else.

Like my Albanian friends used to say when I lived on Crete, "We ain't got shit, but we know what we got".

Anonymous said...

Bends SUCKS DICK, and so do all the people who live in the miserable little shit hole of a town.

What's it like running city-hall in that fucking shit-hole these days??

Is it still fun to spend other peoples money?

Duncan McGeary said...

"Hell YES, around Golden Gate park, is just like being around Drake Park in Bend."

Nonsense. It may be the best houseboat on the lake, but if the lake drops....

PopGoesBend said...

"Hell YES, around Golden Gate park, is just like being around Drake Park in Bend."

I have been hearing this here for more than two years, in which time we have seen prices drop in that sacred "one mile of Deschutes Brewery."

Take one of the newer examples - 1029 NW Lexington, which is .9 miles from the pub. It's 1160 sq feet and has a studio not included in the sq footage. It can be yours for $149k - but nobody wants to pay that for it.

1240 Milwaukee - 1.0 miles to the pub. A complete shithole, but someone bought it for $260k in July 05. It's on the market now for $160k - and has been for a long time. This thing is going close to $100k, or maybe below.

1677 NW 4th st - .6 miles to the pub. Sold in May 06 for $489k, and in May 09 for $270k. That's a 45% drop and we aren't near bottom yet.

1526 NW 3rd st. Sold in Feb 06 for $420k and currently on the market for $300k. It's not worth $300k. Good luck with that.

The last sale that I can find on coveted Drake Rd was last July, for $468k - $144/sq ft.

Newport moderns? Bad project all around and not worth nearly the $895k they were planning on getting. However, the first sold for $450k a year and a half ago, and they can't get $277k for the last one now. That's a 38% drop off a sale, never mind the original asking price.

Having the area around Drake Park only drop 50% makes it look like a winner when most of town drops 60% and the shit subdivisions drop 75%.

The stuff in the Congress and State St areas? So little is for sale or has sold that we have no idea what that stuff is worth. My guess though - it's not worth what it was. It's also worth more now than what it will be in 18 months.

We still have a long way to go, and the stuff around Drake is still going to lose a lot of value.

tim said...

And the craftsman houses across the street from the Newport moderns seem to be doing even worse, they are almost all for sale.

Anonymous said...

"Hell YES, around Golden Gate park, is just like being around Drake Park in Bend."

I have been hearing this here for more than two years, in which time we have seen prices drop in that sacred "one mile of Deschutes Brewery."

*

I have a house to sell you out South of Hwy-20 OFF SE 27th BITCH.

Anonymous said...

Yes, the Newport Moderns, lets see spend a million to make $200k only in BEND would a CALI keep his tail between his legs.

I'm assuming folks bought their shit back at $50k or below around Drake, ... hell yes ALL you god damn fucking kunts here either than DUNC are NEWBIE bitch, and we fucked all of you, and I never said we didn't.

Well the stuff around Drake Park that's nice go be below 50k? NO.

How low? Like I have said all along 4X of income, that used to be $160k, and now heading to $120k, so fucking what still 3X of cost-basis.

Anonymous said...

Nonsense. It may be the best houseboat on the lake, but if the lake drops....

*

You miss the point dunc.

1.) Shit on this 'hypothetical' lake rents, all else doesn't.

2.) If you bought post 1992, your going to get fucked, if your not in the long haul, so fucking what.

99.9% of the KUNTS in Bend aren't in the long haul, ergo they all wear the fuck-me t-shirt.

PopGoesBend said...

"And the craftsman houses across the street from the Newport moderns seem to be doing even worse, they are almost all for sale."

I think of the 6 that were built on Newport, 5 went into default. I haven't checked lately to see how many actually foreclosed.

Going to $120k is a lot different than "and that shit ain't going anywhere. Just like the nice homes around Drake, ..."

Anonymous said...

These dumb fucking KUNTS on this BB2 rock, all so fucking smug, but the fact is they got fucked, you all got fucked, if your not a GOB ( good old boy ) you got fucked.

In two weeks I'll be drinking beer in Malaysia on the beach thinking about all of you.

Thanks for moving here bitches and creating a once in a lifetime bubble.

Anonymous said...

The Newport Moderns can will be rented to OSU students for the weekend for $500/month, but is that really a business model?

Anonymous said...

Whoopee I invested in Bend in Newport Moderns spent a cool million on each, and in a good year I get $6k rental income and put out $25k in maintenance, ... so I'm getting a whopping -2% return on my investment, but then toss in the complete loss of capital and we can call it a -92% ROI.

Shit I think I'll invest more money in Bend.

If your breathing, and moved to Bend in the last 16 years, you had SHIT FOR BRAINS. If you invested in Bend, during the last 16 years, your broke.

hbm said...

"26 hours without a single comment. Don't worry HBM, we all predicted this was how it would end,"

What more is there to say, really? Bend put all its eggs in the basket of real estate and development. The basket broke. Bend is fucked. How many different ways are there to say that?

"Newport moderns? Bad project all around"

I don't think those things would have sold even if the bubble hadn't popped. Same goes for The Shire. Wrong products for this market.

"I'm assuming folks bought their shit back at $50k or below around Drake"

You must be thinking about the 1940s, Buster -- or maybe the '30s. When we came here in '85 we looked at several places around Drake Park -- they were all priced well north of $100K. And Bend was in the middle of a bitch of a recession then.

They'll be selling Popsicles in hell before homes in the Drake Park area go below $50K. And if they do I'll buy up every one I can get my hands on.

Anonymous said...

They'll be selling Popsicles in hell before homes in the Drake Park area go below $50K. And if they do I'll buy up every one I can get my hands on.

*

Yes, that's my point.

I think the shit around Drake Park is like the Shit around Golden Gate. It will always be loved.

On the other hand there is the SHEEEEET (SHIT) out south of Hwy-20, and east of SE-27Th, that shit will never be sold or loved, and will be burnt to the ground.

The funny thing is most of our KUNTS here rent out that way.

Anonymous said...

I am from California and never went to college. I decided to go to Oregon to flip houses and get rich.

tim said...

>>They'll be selling Popsicles in hell before homes in the Drake Park area go below $50K. And if they do I'll buy up every one I can get my hands on.

I think you're right. They'll soon be worth $5 million. Of course, milk will be $100 per gallon.

Anonymous said...

"San Francisco (the city, not the bay area) is down very little, and the desirable neighborhoods aren't down at all."

This was the comment you replied to, that emphatically YES, the stuff around golden gate hasn't lost value - just like the stuff around Drake.

So which is it? Your first comment that Drake neighborhoods aren't going to lose value? Or that Drake neighborhoods are going to be loved? They aren't the same, and we already know that Drake neighborhoods are losing at least half their value from 06.

Anonymous said...

LISTEN you fucking kunts. I said they would hold VALUE, not PRICE. FACT.

And if you are going to take financial advice from some raving anonymous lunatic who doesn't know the difference between "your" and "you're", and brags about cheating on his wife then you get what you fucking deserve.

Anonymous said...

brags about cheating on his wife then you get what you fucking deserve.

sounds pretty funny from a guy who is all fired up on his recent discovery of Asian whores. The reason she calls every morning at a set time is because she's got 10 other calls to make before breakfast. Your Asian whore doesn't break up with you Buster, you just loose your turn.

Marge said...

Kunts,
Here are the most recent stats for Bend SFR's:
M. Jackson sold a home on Drake for 5 mil.
The rest of the world sold 119 homes at a median price of $210K.
Not the first time sales were lower in June than May, although in a few days, after the REHO's get their reporting done, we may see it beat the 122 from last month. The $210k vs. $217k median will be twisted by the Bully. They had a great time with the 17% price increase from April to May.


Baby Jeebus,
Please let the market do what it is going to do. The sooner the better, so that we can get on with things. We can't make no money any more. Can you tell us how to do that?
Marge

Marge said...

So, Butter, what do you need for the new rant in the AM. Hurry, it's time beddy.

Marge said...

Yah know.... of the near 4300 NOD's since Jan. 07, not one of my buyers is on the list. OK, pull my own chain. Hopin that I never gave up a buyer to the greed of makin a buck.. There are/were a few of us that steered people in a good direction.

Marge said...

The thing about real estate.

It really sucks. I don't care what my compadres say. The old "Best time to buy" has turned into the new "the bottom could be in" don't miss the low rats and rock bottom prices. NAR has a basket full of collective bullshit to feed the dimwit consumer. The problem is, the dimwits are buying at what they think are rock bottom prices.

A side note>>> RT Page at BEBB is so full of it..he has taken over the site as his personal marketing place. He posts some good numbers on his site, but some are tweeked.
The end.

Anonymous said...

Buster, you just loose your turn.

*

Sorry chump, buster only fucks for free, not even you or hbm, or homer would I pay money.

Of course the B-PUSSY Him I pay, but he needed a little money bad.

Buster Like hippy girls buster NO FUCK bar-girls in Malay or Thai, and when you speak the native language you don't need to PAY for sex.

Only stupid lazy farang ( white dumb-ass ) too lazy to learn language pay for sex.

Sorry, ... me no like WHORE. Me no like nails, make-up, high-heels, ... blah-blah.

I fuck two kinds of girls. Village girls who speak NO-ENGLISH, and I'm fluent in THAI. Then I also fuck college educated girls who have good jobs in BKK, typically femal engineers or airline crew is who I mix with in BKK. I mix it up, when I'm on my way to the remote Islands down south I hang out in BKK with my educated girls. Then I go to the Islands and play on the beach with jungle-bunny's. When I want city I go to BKK.

If I or anybody here wanted to PAY for pussy I would go to UDON-THANI where you can buy a girl for $10 for 24 hrs or more, ... the thing you have to understand is that virtually all bar-girls are psycho-bitches, I don't fuck BEND WOMEN for this reason. All Thai-Malay bar-girls have psycho boyfriends and giks.

Regarding me cheating on my wife of 30 years, she is 50, I'm 65, my dear wife started full on menopause at 45 and shutdown. At about 48 she told me "NO MORE PUSSY", she's 100% ok with me getting pussy elsewhere. All I can say is I must have married the right woman.

OK?

It's not cheating when your wife packs your bags and says "WHEN ARE YOU LEAVING AGAIN?" MY wife loves it when I'm gone. Imagine that!!!

I'll give you all a little advice on this as bozo here thinks that you have to pay for pussy. Learn the fucking language, and you'll get all the fucking pussy you want for free anywhere. These woman love white-guys, ... 99% of thai-malay men smoke,drink,and gamble. When the girls find out your not a drunk they fall in love.

BAR-GIRLS by definition only want money, but the makeup only 1% of Thailand. Yet, in BEND 90% of women are fucking gold-diggers. SO pray tell old BUSTER who is fucking the REAL WHORE?

MY BET is EVERYBODY on BB2 is fucking a gold-digging WHORE.

I'm NOT.

I'll go one step farther, if you live in Bend, your probably fucking a pyscho-bitch from california.

My darling wife always says "Why must you go so far for pussy, why not look near", ... Well I can't tell her the truth, but I can tell all you my friends, ... I would not touch BEND PUSSY with BP's dick.

Anonymous said...

I am from California and never went to college. I decided to go to Oregon to flip houses and get rich.

*

Now everything I can see from Hwy-20 and SE-27th is mine. I own it all ,...

Too fucking funny, ...

Just a little marketing, ... that's all we need and we can sell this town

ONLY 2-3 days until the PET PARADE folks the only good event in BEND.

My wife says its too hot this year to put tin-foil on the dogs and make them into aliens like I do every year, anybody got ideas??

Maybe we'll recognize one another and go fuck in the bushes at Drake just like 2007 when all the boyz hung at BENDBB.

Anonymous said...

Buster, you just loose your turn.

*

But I will say on thing on this element, if you concerned with your 'turn' then you are in for a world of hurt.

I never suggested that anybody was anymore monogamous than me.

Most my friends are Buddhists, some Muslim, but their attitude towards sex is not like ours.

There you wouldn't hold hands or kiss in public, but the girl thinks nothing of squeezing your cock.

Most girls I do find have a BF, or a GIK or many GIK's, a gik is someone you have casual sex with. These cultures are highly sexual, but they blow out quickly. Fucking 15-40 full on, and often flaming out. Guys tend to die younger, many women are widows.

All women have a short shelf-life after 35, ... its over, ... your and old woman.

Buddhism pretty much teaches that sex is for young, and that 40-50 it should mellow, and that after 50 a woman should find herself in other pursuits than sex.

So you have all these widowed 30-35 year old women that want to fuck 12 hours a day what can I say, buster found heaven long ago, and it wasn't in BEND, OREGON.

Sure back in Vietnam days I used to go to Thailand to UDON-THANI and/OR PATTAYA and pay for girls, but who had time, and the girls needed money bad, all the girls, even then it wasn't like USA whores.

In these cultures there is no stigma of prostitution, mothers in ISAN actually sell their daughters when young to feed the rest of the family, if people have sex, you leave some money on the table. In real prostitution today like in BKK, or Pattaya, or Patpong, or Phuket, you negotiate like $30 for 24hrs with a girl, but for that she's your girlfriend for 24 hrs, and these girls want to marry. The rule is NEVER see one more than three days in a row, cuz they'll fucking HOOK YOU.

So above is another reason I'm down on WHORES in Thai/Malay, cuz they're just too fucking good at their game. I play with 'normal girls' who just want at little love, cuz they know their shelf-life is almost over.

The girls I run with in BKK will not even talk about money with me, they only want sex. In the remote villages, sure I'll toss a gal some money so she can buy her kids some food. Hell why not. These people make $50/mo if they work their ass off, and its not possible for a widow to even make that kind of money.

See the thing is most thai-guys at say 30 want to fuck 18 yr old girls, they not even give 30 yr old girls the time of day. Why am I big on 30? They're mature, yet still young. I find that most thai/malay 30's have body's of 20 year old white-bitches, and of course here in OREGON where they're all fat and ugly, ... hell they never had their day. Ok, there's a few jocks in BEND, but christ they're not women, they're men. ( man wife comes to mind )

Anonymous said...

And if you are going to take financial advice from some raving anonymous lunatic who doesn't know the difference between "your" and "you're", and brags about cheating on his wife then you get what you fucking deserve.
*

Your, you're, you are an ASSHOLE, you must be from cali?

Too much fun today? Eh?

Going out to breakfast with wife in about two minutes.

'ADVICE' who the fuck ever asked for ADVICE on BB2?

What has been BUSTER's advice from day one here?

WELCOME TO BEND, BEND OVER AND LET US FUCK YOU, FUCK YOUR WIFE, your daughter, liquidate your 401k, and IRA, and get your son hooked on METH. WELCOME to BEND.

This has been BEEN BUSTERS SINGLE MESSAGE? NO?

Value? Yes, I have said and dim-wit HBM doesn't get it cuz he's only been here 20 years, sure I moved here in 1960's, and bought homes near Drake for not over $50k lots of them, .. but them days are over.

The point of discussing RE on this board has always been pointless, this is why I talk of thai/malay pussy, cuz at least its paradise and NOT BEND.

I have also said BEND is a base-camp, its a place you keep your toys when NOT traveling.

bye,

wife says its time to go, ...

Anonymous said...

I love this get to talk to my self, .. best time to be on BB2 in 20 years.

Ok, back from breakfast with wife.

I asked the QUESTION. Am I cheating on you darling?

Her answer? Yes, ... but I remind her that she not fuck me for 2-3 years, and gave me permission years ago to go fuck other women. Then she say, well it depend on your definition of cheating.

Then she concurs that 'cheating' requires secrecy. That we have no secrecy, that out entire marriage of 25+ years has always been open and upfront.

That all the years she did fuck, that I fuck no other woman. OK, she agree's I don't cheat on her.

Then she reminds me that she doesn't approve of me going to Asia for woman, ... I try to remind her that I not want menopausal middle-age white woman, and that the young-in's around here are all coke-ho's or meth-ho's, ok I not use those words. ... Then I remind her that her dream next year is go to Spain and live for six months and write a book. Yes she concurs, then why is not ok for me to spend most of my free time in Malaysia?

Both of us only have a finite number of good health years left, why should either spend it in misery in BEND, OREGON?

She agrees, ... do I have a good wife or what.


End of story.

Anonymous said...

WELCOME TO BEND, BEND OVER AND LET US FUCK YOU, FUCK YOUR WIFE, your daughter, liquidate your 401k, and IRA, and get your son hooked on METH. WELCOME to BEND.

This has been BEEN BUSTERS SINGLE MESSAGE? NO?

*

COME ON KUNTS, BRING IT ON! HAS THERE EVER BEEN ANY OTHER MESSAGE FROM BB2??

Bewert said...

Bend City Council Meeting Highlights

Wednesday, July 1, 2009

Work Session:

Arts, Beautification, and Culture Commission Strategic Plan

The Commission presented its strategic plan to the Council. Eight strategies were developed.

1. Art: Sustain and capitalize on our public art collection
2. Beautification: Collaborate with the community on beautification projects
3. Culture: Develop and enhance citizens’ awareness of cultural diversity and inclusion
4. Contribute to the unique character of our city (Advocate for arts, beautification and culture to increase economic vitality, the ability to
attract tourists and the distinct image of the community
5. Establish a marketing strategy to support our mission
6. Annually recognize individuals, businesses and organizations that foster art, beautification and culture in the community
7. Develop successful partnerships to promote the arts, beautification and culture
8. Provide sustainable fundraising for the commission without impacting the City of Bend’s budget



Council will be asked to accept the plan at its next meeting

Background on Central Oregon Community College Special Planned District Zone Change

Matt McCoy, Jim Middleton, Miles Conway, and Deborah McMahon made a presentation on its request for this special planned district.

The zone would be Public Facility with the special planned district over the zone.

Council will be asked to take action on this district at its next meeting.

Memorandum of Understanding with Deschutes Water Alliance (DWA)

Patrick Griffiths, Mary Meloy, and Steve Johnson presented information on the DWA MOU, a proposed forum to meet regional water management needs through collaboration. Council Capell is the Council’s representative to the Alliance

Regular Meeting:

Receive Visitors

* Keith Scott discussed the importance of keeping the community clean
* Earl Williams gave his employment and educational history in support of his qualifications to evaluate Bend Area Transit
* Mike Olin discussed downtown parking for residents of the downtown. He feels downtown residents are major stakeholders in parking issues and should be heard on parking issues
* Liz O’Connel, a resident on Awbrey Butte, discussed the COCC proposed Special Planned District. Neighbors of the area should be involved in the process.





Diane Ross gave a report from the Southern Crossing Neighborhood Association. Ms. Ross discussed current projects including restoration of a Burlington Northern structure, good Samaritan program, and beautification efforts.

An Ordinance Amending the Bend Urban Area General Plan Chapter 3 to add the Nels and Lillian Andersen House, located at 63160 Nels Andersen Road, as a Historic Structure to the City's Inventory

The Deschutes County Historical Landmarks Commission unanimously approved a motion to recommend the City Council add the Nels and Lillian Andersen House as a historic structure to the City's inventory listed in the Bend Urban Area General Plan. The property owner has requested that the house be added to the Historic Landmark inventory as a historic structure. The farmhouse was built between 1929 and 1931 by Nels and Lillian Andersen. The property served as a dairy farm in the 1920's and continued as such until the Nels Andersen family left Central Oregon in 1945

During the Public Hearing two individuals spoke in support of the ordinance. The first reading of the Ordinance was held. Second reading and adoption of the ordinance will be considered at the next Council meeting.

Bewert said...

(cont.)
Discuss whether or not to hear an appeal of a Hearings Officer's decision on File #PZ 08-535, granting approval of a Conditional Use Permit (CUP) to expand the capacity of the Shepherd's House temporary housing facility from 32 to 60 beds. The appeal was filed by neighbors opposing the proposal
Council discussed whether or not to hear an appeal of a Hearings Officer's decision on File #PZ 08-535, granting approval of a Conditional Use Permit (CUP) to expand the capacity of the Shepherd's House temporary housing facility from 32 to 60 beds. The appeal was filed by neighbors opposing the proposal. Staff finds that the procedures established in the Development Code were followed, that the applicable standards and criteria were reviewed and found to be met by the Hearings Officer, and that the appeal does not present any matters with citywide implications.

Councilor Eager declared he will abstain from the discussion of the issue as one of his clients is involved in the appeal.

A vote was taken to not hear the appeal which passed with Councilor Teater opposed, and Councilors Councilors Capell, Clinton, Greene and Mayor Eckman supporting the motion and Councilor Eager abstaining from the vote

Continuation of consideration to August 5, 2009 of an Ordinance Amending the City of Bend Development Code (Ordinance No. NS-2016) by removing the Text "Church Park 2.4 ac" and Park Shading from Figures Contained in Section 2.7.300 of the Bend Development Code – Applicant: Westside Church
This proposal from Westside Church would remove park identification and shading from figures in the Northwest Crossing Section of the Development Code.

Council continued the proceeding, at staff’s recommendation, until the August 5, 2009 meeting to allow the parties additional time to negotiate a settlement agreement regarding this text amendment and an associated Site Plan, Conditional Use Permit, Variance approval on the subject property.

Councilor Eager gave an update on local efforts related to unequal and arbitrary enforcement efforts of OLCC regulations which have caused economic impacts to local businesses. A group of local businesses and elected officials will send a letter to the governor raising the issue and asking for equal, fair enforcement of the law.

Receive City Manager's Report

City Manager Eric King asked legal staff to look in to the allegation that noticing requirement for the Development fee amendments were not met and legal counsel determined that notice requirement was met.

Upcoming Council scheduling:

* Open Line with Council, July 27th at 6 PM, at Mid Oregon on Cushing
* Joint meeting with County Commission Monday, August 17th OR Wednesday, August 26th (4 PM)



Crews from Botanical Developments, a local landscape construction, design and maintenance company, will begin cleaning up roundabouts July 2 as part of the City’s new volunteer Bend Beautification Program. As City funding for road maintenance is reduced, service clubs, private individuals, church groups, Neighborhood Associations and others can volunteer to remove roadside litter and provide landscape maintenance under the program.

Compass Commercial was selected as the new real estate service of record for the City

#####

Volunteer maintenance?

Bewert said...

Unemployment Rate Hits 9.5 Percent As Economy Sheds 467,000 Jobs In June

"This is the only recession since the Great Depression to wipe out all jobs growth from the previous business cycle, a devastating benchmark for the workers of this country and a testament to both the enormity of the current crisis and to the extreme weakness of jobs growth from 2000-2007," said Shierholz in a statement.
...
"We know right now because of the housing crisis that people can't move to find another job," Shierholz said. "People that in previous recessions may have been able to relocate to find another job can't now."
...
A broader measure of labor underutilization that accounts for people who've stopped looking for work hit 16.5% in June, a 0.1 percentage point increase.

http://tinyurl.com/m3qqcl

tim said...

Yes Bruce it's gruesome. Bill Gross says greed will return, but not for a generation. We have millions of people who thought they were going to retire in five years who may never retire.

Anonymous said...

Buster, July 2, 2009:
"Buster Like hippy girls buster NO FUCK bar-girls in Malay or Thai, and when you speak the native language you don't need to PAY for sex."

Buster, May 21, 2009:
"I told pon I'll be sending her $100/mon, so she'll be the richest person on the island. Most of the money will be used to finish the tree-house ( bungalow )."

Bewert said...

Updated: Case-Shiller 100 Year Chart

http://tinyurl.com/m4scqz

That is some bubble.

Anonymous said...

California is now officially broke.
However, you can still sell your house in L.A., move to Bend, and pay CASH for anything you want.
Seems to be a good plan for retirement.

Anonymous said...

"I love this get to talk to my self,"

No buster, there are ears out here. Never mind the buster-hater. Your rants are why I come to BB2 -- as well as for Homer's stuff.

Anonymous said...

>> No buster, there are ears out here. Never mind the buster-hater. Your rants are why I come to BB2 -- as well as for Homer's stuff.

Seconded...

Anonymous said...

>What has been BUSTER's advice from day one here?

Be a 25 year old college grad who has saved up 30% down, can get 4.5% financing and buy as many crap-shacks within a mile of Deschutes Brewery as you can for $200k, even though they wouldn't pencil as rentals at that price and are all heading south of $120k.

FACT.

Anonymous said...

Buster said: She agrees, ... do I have a good wife or what.

...ummm, just sounds like a fucked up scene to me... doing anything interesting and creative with your life? Seems like PURE EGO to me... I mean really, who writes shit like this?? I know you are King of the Shithole as you have so many rentals, know everything and all that... and King of Pussy as you say... but give me a break dude, your rants are funny, but in a very sad way...

Anonymous said...

Buster said: I try to remind her that I not want menopausal middle-age white woman, and that the young-in's around here are all coke-ho's or meth-ho's,


Dude, you're 65. Do you understand that? You talk like you deserve hot young pussy... again, you're 65. Sure the only 30 yr olds that are gonna want to fuck a married 65 yr old dude are gonna be meth-ho's... is that a suprise?? Trust me, there are plenty of hot athletic girls in this town in the 25 to 40 range... and the ones I know wouldn't even consider fucking a 65yr old... especially some ego dominated foolio with mental issues... :-)

Anonymous said...

You all seeing more of this stuff?
Lake Bigego is having problems.

http://www.katu.com/news/local/49651767.html

Anonymous said...

>>Buster said: She agrees, ... do I have a good wife or what.

No. a good wife would still be putting out.

Anonymous said...

Bend Governance, as good as it gets with a clueless cheerleader in charge.

LavaBear said...

It's good to see Stupid is back in the BB2. Kinda quiet without the idiot posting.

IHateToBurstYourBubble said...

That tinyurl went 404 on me Brucey....

http://www.ritholtz.com/blog/2009/07/update-case-shiller-100-year-chart/

LavaBear said...

FDIC Failed Banks

The Oregon caught my eye but it looks like they set up shop in Illinois for the week. Makes sense to me. The fireworks over the Navy Pier in Chicago are some of the best I've watched. That or watching Pilot Butte burn. Toss up I guess.

Bewert said...

WTF...thanks for providing the link.

I saw a graph of wealth distribution I am trying to track down. Some made money in the Bush era.

Bewert said...

Great link, LB. WTF is with IL?

LavaBear said...

>>> WTF is with IL?

No idea. It's either IL or GA. Specially around ATL. I figured this week it was the Taste of Chicago and the Fireworks. Haven't figured out GA's deal.

If you are going to go through the hassle of shutting down a bank might as well get some side benefits. If I was going to shutter Cracker Ass I'd do it in the summer for sure. And as hbm has made abundantly clear they only have a 4 week window. Perhaps the fdic gorilla crew prefers corduroy groomers and will wait till winter......

Anonymous said...

I feel the same way, what is BB2 with out lava-beer giving head at the local high-school, when he's not in his fucking cave beating off.

Anonymous said...

Dude, you're 65. Do you understand that? You talk like you deserve hot young pussy... again, you're 65. Sure the only 30 yr olds that are gonna want to fuck a married 65 yr old dude are gonna be meth-ho's... is that a suprise?? Trust me, there are plenty of hot athletic girls in this town in the 25 to 40 range... and the ones I know wouldn't even consider fucking a 65yr old... especially some ego dominated foolio with mental issues... :-)


*

This is what I'm talking about 'prison of the mind'.

I got friends in their 80's with more girlfriends than me, and their active as hell.

I'm just a fucking CHILD.

YOU dumb fucks think here in our culture that a 65 yr old is supposed to hang up his dick, in the Bend closet.

Fuck I'm a young stud compared to some of my buddy's down there.

Why shouldn't a person have fun when they get old? Or should they sit in a fucker rocker at St-Charles and go the way of all the fucking 'retirees' in BEND?

Let's understand the option, retire in BEND with a view, look out the fucking window.

Or retire in Malaysia, where you fuck and eat fruit all day and swim, ... oh but this is bad.

I can't believe you DUMB fucking KUNTS of BB2 have bought the moral relativism of protestantism hook line & sinker.

I remember some 20 yrs ago on my first trip to Surfer's Paradise in Australia, it was mostly 70 yr old guys surfing and drinking and smoking pot all day. What was this, and young girls to boot?? HMMMMMM? I said to my self, ... why is this that some cultures your supposed to die at 50, but then others its ok to be a child to 90???

I say FUCK all of you KUNTS, CUZ I know what you are 'couch potatoes'.

But NEVER underestimate that for every 1,000 geezers in BEND dying at a rocker, or for that matter 100's geezers in Pattaya sitting at a bar everyday loving their drink, ... that there are many people living on the beach in their 80's and having as much fun surfing and swimming as they did as a child.

Fuck all of you and your BEND REAL-ESTATE, to me homes are just a source of income to create my lifestyle.

Anonymous said...

>>Buster said: She agrees, ... do I have a good wife or what.

No. a good wife would still be putting out.

***

There are two sides to this.

1.) Over 45% of US couples over 45 are in 'sexless marriages', this is defined as less than once a month. Menopause, get over it.

2.) Even my wife as beautiful as she is, ... I can honestly say that fucking a post 50+ women just doesn't do it, ... well now there's use for viagra. But I can tell you this a hot perfect 30 yr old, and I don't need no fucking viagra.

Things are what they are, I used to have an aunt who at 90 used to dance and brag how she still wanted to fuck, I have know very few older women in my life as such, most simply shutdown. Which is fine. Today my wife doesn't want to be touched by a man, any man. So be it, ...

I'm healthy, active, ... and I'm NOT going to spend the rest of my life like HBM in rocker with a computer posting on the SORE.

We all choose our lifestyles, I not advocate 'rentals' to any of you lazy BEND KUNT. I not advocate surfing and swimming and fucking when your in your 80's to you assholes, but given I know people that enjoy these lifestyles, I say I have role-models, and if I'm NOT doing it today, I'm sure as hell not going to be doing it tomorrow.

Just like all you lazy BEND KUNT, you'll never be financially independent in your lifetime, ... its too fucking late.

Same for your health, your all fucked, ... just like dunc, he couldn't turn it around or his wife, they're all over weight, its ... BENE-OVER, ... but there are some of us that didn't wreck our bodys and or wear ourselves out or eat shit food.

I know you fucks don't get it, but there are plenty of places where 80 yr old people eat fruit all day and do yoga, ... and do just fucking fine, and don't become lard-asses, this is why I despise Bend & much of USA, cuz this place is lard-ass central.

bye,
love-ya

Anonymous said...

14 hrs to the pet-parade, the only good day in Bend all year round.

Anonymous said...

Trust me, there are plenty of hot athletic girls in this town in the 25 to 40 range... and the ones I know wouldn't even consider fucking a 65yr old... especially some ego dominated foolio with mental issues... :-)

*

Yes, but USA is psycho, these girls would never be caught dead with a guy 20+ years older than them, but in ASIA its normal. Well except a gold-digger, and buster NOT fuck gold-diggers. Buster only fuck sweet nice naive girls who want love.

Besides I don't want know skank showing up to the door. I do my R&R out of town, and I keep it this way.

Never want a Bend skank showing up to the door.

In Malaysia with my friends its 1/2 & 1/2 amongst the young girls 1/2 want young guys to fuck, for sport, and 1/2 want older guys for relationship. The older guys are more stable, ... and less fucking around here they call it 'butter-fly', like flying from one girl to another by the hour, the young guys do that shit here, the older guys don't.

Just like years ago when I lived in Africa, it blew me away, the average guy in Kenya was fucking five girls a day after work on his way home, WTF at 5 cents a trick, anybody could afford such level of sport, but this is why HIV is over 50% there.

USA and especially BEND is fucking twisted, ... just like me fighting with 30 year old guys when I go dancing, I don't want their fucking girls, I have my wife with me when I go dancing, but the little fuckers are threatened, and the young girls are curious to talk to the older stud. But I keep saying I not touch BEND PUSSY with LAVA-BEER's dick.

Yes, sometimes I see a cute girl in Bend while mtn-biking, ... sure in yoga or what not, but I have zero fucking interest in any woman over 40, .. zero. I concur a woman in BEND that was under 40 that would fuck a man of 65 would be a loser, and I don't fuck BEND LOSERS. More power to you boyz go fuck them all, but not me. I would rather be with a SE ASIAN woman, and NEVER bring them back here to be destroyed by our fucked up culture here.

Anonymous said...

Mr. Obama is having his first 4th of July in the White House. Happy 4th,Mr. President. Enjoy the lack of critique of your decisions. It will not last.

What will the economy be like one year from now.Reflect on that for a second.

So many small businesses are shutting down, finally beaten down by the relentless depression.

Does ANYONE out there think it will be better?

Anonymous said...

Colin Powell worries that the increase in the size of gov't needed to support all the new programs and spending will be a problem. The way I see it, Obama is in a no-win situation and is pursuing perhaps the worse path. He won't fix anything, but he'll spend us into worse shape. I can't say anyone else would do better. Who can resist "doing something" in the face of disaster? http://www.washingtontimes.com/news/2009/jul/03/powell-airs-doubts-on-obama-agenda/

Bewert said...

WaTimes, the Moonie paper, is never going to say anything remotely positive when it comes to Obama.

Is it as dark as 1933?

No.

What strikes me as hilarious is Repugs bitching about spending millions on highways and bridges in their state. They seem more willing to spend it bombing Iraq and Afghanistan.

Anonymous said...

Yeah Bruce. Thank God Obama stopped the wars, right?

Anonymous said...

The end of BEND IS NEAR ... JUST GOOGLE "CACB" and "BROKERED DEPOSITS". .... It's going to be ugly, perhaps SUNDAY homer can have a photo of Moss? In tears or in Mexico??

Best time to get the FUCK out of Bend in 20 years, ...

#
CACB Cascade Bancorp (Oregon) Announces Filing of Form 10-Q ...
tradingmarkets News for CACB - Cascade Bancorp (Oregon) Announces Filing of ... to a year-ago mainly as a result of increased time and brokered deposits. ...
www.tradingmarkets.com/.site/news/.../2303204/ - Cached - Similar - Filter
#
CACB Cascade Bancorp (Oregon) Announces Second Quarter 2008 Net ...
tradingmarkets News for CACB - Cascade Bancorp (Oregon) Announces Second Quarter ... Total Deposits (which include jumbo cds and brokered deposit balances) ...
www.tradingmarkets.com/.site/news/.../1779920/ - Cached - Similar - Filter
More results from www.tradingmarkets.com »
#
Cascade Bancorp (CACB.O) Company Profile | Stocks | Reuters.com
Read the Cascade Bancorp CACB.O company profile at Reuters.com. ... At December 31, 2008, its brokered deposits were $147.9 million. ...

Anonymous said...

Does ANYONE out there think it will be better?

*

Yes, virtually every place but Bend will be better next year than this year, ...

But BEND & DETROIT, they're FUCKED!

Bend ain't coming back even a little until 2014-2016, ... ... so fucking what thar will be bargains in 2012, ...

But not now.

Anonymous said...

The end of BEND IS NEAR ... JUST GOOGLE "CACB" and "BROKERED DEPOSITS". .... It's going to be ugly, perhaps SUNDAY homer can have a photo of Moss? In tears or in Mexico??

* HOT-MONEY in BEND?? Who would have guessed? GOOGLE "HOT MONEY", ...

Good article about this shit in NY-TIMES, ... it sounds like CACB is a toxic shit-hole, and FDIC is going down quick, and ... well ... I think we have all said it before,... haven't we?

Anonymous said...

>>Buster said: She agrees, ... do I have a good wife or what.

No. a good wife would still be putting out.

*

I have to respond to this with REALITY, ... I know 99% of you fuckhead KUNTS of bend have the penis enlargement and the fake tits, ... so its easy to put the middle-age wife on hormones, ,and keep her lubricated and non-atrophied past death, ...

But my wife naturally endowed with big-tits, and me with a big-dick, don't believe in hormones, and my wife has had too many friends die of cancer, she doesn't want to take the fucking hormones, pleasing me, or fucking just isn't that fucking important, ... It's her choice not mine, and she chose long ago to let her body go down the natural way.

Anonymous said...

Buster, July 2, 2009:
"Buster Like hippy girls buster NO FUCK bar-girls in Malay or Thai, and when you speak the native language you don't need to PAY for sex."

Buster, May 21, 2009:
"I told pon I'll be sending her $100/mon, so she'll be the richest person on the island. Most of the money will be used to finish the tree-house ( bungalow )."


*

I'll respond to this to educate you fuckheads.

A normal non-bar girl non-whore ALWAYS costs you more money.

A whore is way cheaper than a normal 'good girl'.

But whores drink and 'normal malay' woman don't drink, and many are vegetarians, and they weather very well many in their 30's look better than 20 yr olds here, ...

The whores are only $10 for 24 hrs, ... Sure the 'normal pussy' is free up-front, but if you want to keep a girl comfy for your next visit, you send her some money western-union every few months, but never more than $100, ... as long as she getting the money you'll always be #1, ... [ well at least while your there, shit I got 4-8 girls on the active list at anytime, I always tell my girls to keep there pussy wet while I'm gone, These women simply like to fuck, and to assume their not going to fuck while your gone, ... well that its just plain BEND STUPID. ]

I have no problem helping people out, and $100 ain't shit to me, and too these people its two months wages, ...

Bar-Girls WHORES drink, and smoke, and wear make-up, and normal girl don't...

But anybody who plays this game will tell you 'normal girls' will cost you more money, ... SO FUCKING what.

What the fuck do you think it costs to water & feed a Bend skank? You couldn't take her out for a night for $100, and in Malaysia I can make a girl into a princess for two months with a $100, ...

Oh, the pon-pon tree house is fucked, two weeks ago she finally sent me a copy of the deed which I had demanded for over a month, which I had asked for, and it turns out the land is 'royal thai government land', and nobody has the legal right to sell the shit, ... of course these people are too stupid to read thai-legalese, ... so this project is dead, ... sounded good, ... so I'm back to renting shit for $3/day, OUCH!

The way it works is these people have been farming this land forever, and just assumed it was there's to sell, ... so many islands so many beaches, ... who the fuck cares, .. I don't.

I'll eventually buy something, my plan has always been to retire in Malaysia or Thailand, ... but just like here, you read the deeds and do all the TRIO home-work, ... there just like here its all the same, and there just like here, most people never read the shit.

BUT I DO.

Anonymous said...

So many small businesses are shutting down, finally beaten down by the relentless depression.

Does ANYONE out there think it will be better?

*

JEEBUS XMAS fuckheads, get the fuck out of BEND, ... the whole world is fine, except this shit-hole.

The only relentless depression, is living in Bend, Orygun.

Anonymous said...

"The only relentless depression, is living in Bend, Orygun."

Dude I live in the Valley and love to come to Bend. If you are depressed there you really ought to get out try to help people THERE, not in SE Asia.

Anonymous said...

The 65 year old fuck-all-asian pussy is the first person I've wanted to punch in the mouth in 20 years or so.

I don't care if you want to keep ranting about you 65 year old 10" rock hard dick just give us a new angle.

Short of that tell me the closest country I can fly to that doesn't mind if a couple americans fucking kill each other for sport.

I'll buy your plane ticket or fly in on my citation and pick you up. Winner keeps the jet.

Anonymous said...

Sheet punch in the mouth, fuck in the ass, BP we need you, we got fresh meat on BB2.

Stay in the rocker where you belong buster, use dunc and hbm as you role model. In Bend to retire means to sit near a window and enjoy the view.

Ahh a BB2 newbie that needs a good old fashion fist-fuck.

Anonymous said...

Dude I live in the Valley and love to come to Bend. If you are depressed there you really ought to get out try to help people THERE, not in SE Asia.

***

SUCKER, WE GOT A SUCKER.

Best time to BUY in 20 years, come on suckers we got a SE siberian crap-shack (STD) with your name on it.

Anonymous said...

Forget about 'punching' what I want to see is the 10" cock in the toothless valley boy mouth.

It appears that BENDBB has left BEBB and came over to BB2 as anonymous.

Anonymous said...

Could it be true that EVERY SINGLE MOTHER FUCKING PLACE IN OREGON IS A PUMP-N-DUMP LYING-ASS SHITHOLE JUST LIKE BEND?

*

Home HOW fucking long did it take you to make this realization??

Anonymous said...

Bend is still a wonderful place- to visit.
It no longer has a viable economy, a viable retail sector, or a chance to advance professionally.
Accept it for what it is- a weekend get away for Portland, not a place to settle down, and raise a family.
Any children being raised here will get a third rate education, and end up living in poverty.

hbm said...

"Dude I live in the Valley and love to come to Bend."

Ah, you love to COME here, but you don't LIVE here. Why not, if it's so wonderful? The answer to that question is the answer to why Bend can't achieve sustainable prosperity, despite being "paradise."

hbm said...

"Any children being raised here will get a third rate education, and end up living in poverty."

Our highly touted education system is, in fact, mediocre or worse. Years ago my daughter, a Bend High senior, wasn't considered "college material" by the "guidance" people. Why? Because she was (at that time) a Goth -- wore black a lot, etc. (Only the perky, clean-cut cheerleader types were deemed "college material.")

When they saw her SAT scores they changed their minds. She went to Reed and graduated summa. (Better than her old man did, I must admit.)

Maybe attitudes have changed, but I tend to doubt it.

hbm said...

"I don't care if you want to keep ranting about you 65 year old 10" rock hard dick just give us a new angle."

I think the maximum angle he can achieve is about 30 degrees.

Anonymous said...

Hey, any comments on Caribou Barbie abruptly announcing her resignation? My guess is that there's a HUGE scandal about to break and she was trying to get out in front of it -- or else she cut a deal a la Dick Nixon to resign in return for not being prosecuted.

I always said that stupid bitch wouldn't even finish her term as governor. Politically she is dead meat. Hallelujah!

Happy Fourth, everybody.

Anonymous said...

If the education here is so bad, why do the kids do so well on the state tests? Is it just a matter of demographics?

Bewert said...

Yeah, the Palin circus just got a lot more interesting. Something big is out there, just waiting to become public. One of the weirdest press conferences I've ever heard.

tim said...

She's not retreating. She's bravely running away.

By the way, awesome huge hot dog parade.

Anonymous said...

"Ah, you love to COME here, but you don't LIVE here. "

Bingo. I think it WOULD be nice to live there, but I have a very specific type of profession (college teacher) and there isn't much there except OSU Cascades.


"SUCKER, WE GOT A SUCKER"

No Buster, I'm not about to take a plunge into the Bend RE market. I can't afford to even if I wanted to. But I wouldn't mind having a small cabin out in the woods someday, as a second home. But I won't be able to afford that for many years until I get my own house paid for. Meanwhile, I'll keep using state parks and go to Bend for supplies, etc. You've got a nice WalMart on the south side of town!

Anonymous said...

Man, downtown and drake park were dead today. The few people that did show up were all dressed in black like they were headed to a funeral.

It was super creepy and nobody was smiling....

Bend Economy Man said...

I think that John Costa feels like he's a pretty smooth spinmeister who's giving comfort to the masses through his calm, non-hysteric reporting of the Bend meltdown.

If Bank of the Cascades does end up getting a visit from the FDIC, and I think that unless the government or some Santa Claus in the private sector (Bolger?) comes to the rescue there's a pretty good likelihood of that, I'll watch with bemusement as Costa tries to spin that!

I have to hand it to Patty Moss and her team - they have spectacular staying power. Bank of the Cascades was irresponsibly managed in just about every way, but they still have their jobs. Risky bets on bubble real estate development loans? Check. Unwieldy overhang of high-interest brokered deposits? Check. Poorly timed acquisition of a bank in another bubble area? Check. Dependence on customer deposits in an area of rapidly decreasing wealth? Check. "Hell or high water" dividend policy? Check. Inappropriately optimistic public statements? Check. Downward revision of already-reported financial statements? Check.

Duncan McGeary said...

Only dead fish go with the flow....

Anonymous said...

"You've got a nice WalMart on the south side of town!"

We have a shit WalMart. Redmond has the good one.

Anonymous said...

YOu have a nice Walmart?
Is that the best thing anyone here can say about this town?
Man, that is LAME!
Not a good restaurant, not a good cultural center, not a nice place to live, but a nice Walmart?
Benton Arkansas has the best Walmart- they are based there. Do you want to live there?
Jeez!

Anonymous said...

Our WalMart isn't even a supercenter. It's old crap.

hbm said...

"Man, downtown and drake park were dead today. The few people that did show up were all dressed in black like they were headed to a funeral."

What city were you in -- Detroit? There was the biggest turnout for the Pet Parade that I've ever seen.

I'm not saying Bend is awash in prosperity, god knows, but why make such ridiculous statements?

hbm said...

"If the education here is so bad, why do the kids do so well on the state tests?"

They do? Compared to what?

It's not that our schools are "so bad," but that they're not excellent. How many kids from the 2009 graduating classes of Bend's high schools went on to Ivy League or comparable colleges (Stanford, MIT etc.)? How many National Merit Scholars did our high schools produce? I bet you could count them on the fingers of one hand.

In my high school graduating class of about 200 kids we had four who went to Ivy colleges (two Princeton, one Harvard, one Yale) plus one who went to MIT and a girl who went to Vassar. And it was a predominantly working-class school. All six of those kids got full scholarships except one who was the son of a doctor.

tim said...

The pet parade had thousands of people. There was a huge turnout. It took forever just for all the dogs and their people to leave the staging area. The whole parade path was full of viewers.

Anonymous said...

'"If the education here is so bad, why do the kids do so well on the state tests?"

They do? Compared to what?'

To the other kids in the STATE, of course.

The Bend-LaPine school district kids do better than state kids on average.

However, what's interesting is that the younger kids consistently outperform their peers in the rest of the state. But in high school they do WORSE in reading and math!

Must be getting dumber the longer they stay in Central Oregon.

Anonymous said...

The pet parade had thousands of people. There was a huge turnout. It took forever just for all the dogs and their people to leave the staging area. The whole parade path was full of viewers.

*

It's the only thing 'good' about Bend, now what the fuck is there to look forward to for a year in this shit-hole?

Anonymous said...

I have to hand it to Patty Moss and her team - they have spectacular staying power.

*

Hey BEM you forgot to mention that they spent $5M this past year of REAL money to buy-back their own stock on down days, or even more ... but it was real money.

Also DON'T forget that MOSS doesn't get her REAL MONEY from CACB, her real bucks come from MDU which owns Knife-River, what MOSS is run BEND into the ground and insure that MDU got $200M/year of biz, and MOSS got kicked backs over $200k/yr in stock forever, ... as a director of MDU.

Pay NOT ATTENTION to CACB BEM, its only smoke and mirrors, the real treasure of the looting of city-hall and all those ten of millions of city-taxpayer debt getting laundered by MDU, courtesy of MOSS, and her BULL-FRIEND's.

Anonymous said...

I think the maximum angle he can achieve is about 30 degrees.

*

HBM jealous that he didn't pickup he action after BP bailed, ... all the cock in Bend went to valley-boyz, ... poor old hbm, dreaming of 30 degree cock.

Talking about old white guys and their corn-holes, can we please quit talking about asian chicks and get back to Bend's boss-hoggs?? and their trophy boyfriends??

Anonymous said...

When they saw her SAT scores they changed their minds. She went to Reed and graduated summa. (Better than her old man did, I must admit.)

*

Wow HBM I didn't know your daughter went to REED, your not such a tired old arse-hole after all, you probably even get stoned with your daughter.

So where the fuck is HOMER today? On vacation??

Anonymous said...

Any children being raised here will get a third rate education, and end up living in poverty.

*

Jeebus and 2,000 years BC they said "Poverty with a view", ... who could have guessed? Who could have known?

Bewert said...

OK, cunts, the nice Walmart comment is the funniest I've heard in a long time here. Especially considering the fancy Walmart is in Redmond. That mofo knows his way around.

Don't know what to day about the pet parade. Never realized it was such a big deal back in the day.

Weather must be nice, or Butter don't have an excuse. Hell, Palin is worth a rant from such a died in the wool conservative as Butter. WTF? Check in and nothin' but Walmart and pet parade stuff.

Other than Buster trying to see his cock out past his belly, anyway. Guy needs to be in a Ciala ad.

Bewert said...

Buster, just imagine, you and Pon, half your age, she's giving you the wet eyes, and all you got to do is cash the check.

Bewert said...

(734): Life lesson: Don't ever put your penis in a crazy girl. Especially if she's married. And has a kid.

(317): question - sack: should she or should she not play with it during foreplay?

(515): If she's not going to maintain the upkeep of her vag then I'm not going to pay the rent of being her boyfriend

####

Still one of the funniest sites I've seen:

http://textsfromlastnight.com

Bewert said...

(806): he shaved USA in his pubs

(423): How'd it feel making her break her religion?

Anonymous said...

Buster, just imagine, you and Pon, half your age, she's giving you the wet eyes, and all you got to do is cash the check.

*

Pon is long over BP.

I'm now after two months of getting shit from you KUNTS about my love for asian pussy, to go back to my first love. Middle age white guys who sit on couch, with flabby ass.

No more talk of Asian girl, as nobody here relates or cares, given that 90% of this group get's their HBM up past 30 degrees thinking about middle age male corn-wholes, I'll entertain the group with that which then find relevant to their lives.

BP on the subject of love, you note that it appears that 'valley boy' may have taken your place? If you were still here he could be your gimp, and you could keep him in your basement. ( Of course you would have to find Bend home with basement ). I bet valley-boy who take TWO, mind you TWO Bend Alt-Energy Butt-Plugs.

Pon is over, after the land-deal fell through, I felt it was best to move-on, I have like I say 1/2 a dozen on active-list. After she sent me the DEED and I found out that the land was 'government land' I decided not to deal with these people anymore. The problem in this culture is NOT the girl, its the family. Pon only wants to FUCK, its the family that wants the FARANG (white money), but I not take care of any family, only girl.

So about a week ago I sent PON a bundle Western-Union and said "ADIOS". This is the way.

I always give folks a lot of slack to show true colors, ... no fucking problem, ... my history on this deal is about 90% of the girls have parasitic family, and it takes time for them to show true colors, ... I think this is why so many white-guys try to bring these girls HOME to USA or where-ever to get them away from family, but too me family is what makes these girls.

On next trip I'm going to spend more time with my airline stewardess and engineer GF, they both have jobs, so when they're working, I'll hit the beaches and find a new Island, and start the jungle bunny process over. Life is tough.

To be honest, I prefer the educated Asian with masters degree that can think and talk just like my wife who majored in english lit from Radcliffe. I like the jungle bunnys because they don't speak english. With the educated girls we only speak english, no upper class girl wastes time with native language.

Anonymous said...

Other than Buster trying to see his cock out past his belly, anyway. Guy needs to be in a Ciala ad.

*

BP I don't need Cialis for U or 30 yr old girl.

[ Buster think most sexy is six foot bald guy with no front teeth, flabby and ex-hamster (SLC gold medalist ), ... BP comes to mind reminds me of mr.test-tube on the MUPPETS no remember his name, but he lovable just like BP ]


I think Cialis need to get real endorsement from someone like HBM, sitting on rocker in front of Bend view window with shit eating grin, and a protractor.

HBM saying "Here now after ingesting three Cialis, I have hit the critical 30 degrees mark, for 24 hours. I #1 hamster in Bend".

Now that would be an endorsement for Cialis. All the Bend hamsters would be robbing the pharmacys.

Hey HBM, I too spent some time at REED when I was young studying physics, its how I discovered OREGON.

tim said...

>>reminds me of mr.test-tube on the MUPPETS no remember his name

Dr. Bunsen Honeydew? His assistant is Beaker.

Anonymous said...

Buster, that family thought they could sell you land in paradise for $100 an acre and you'd never know that they don't own it in the first place! Either they thought you are a fool, or there are major language problems, or something.

So they don't have private property rights there? The government never bothered to deed out the land? The govt. can kick out anyone at any time?

Maybe tell them you will trade them Deschutes National Forest land for their paradise.

LavaBear said...

>>>Either they thought you are a fool, or there are major language problems, or something.

Wait a minute....what are you saying??? Are you accusing Buster of exaggerating his language skills? Or even that someone could think him a fool? You've got to be kidding right?

Bewert said...

Goldman Sachs, the center of evil and the anchor of our governments financial wizardry through both the Treasury and the Fed, just got a Russian size 12 jammed up its ass:

http://zerohedge.blogspot.com/2009/07/is-case-of-quant-trading-industrial.html

More coverage follows at http://zerohedge.blogspot.com/

Couldn't have happened to a better bunch of thieves.

Bewert said...

Anonymous has left a new comment on your post "FLASH--Summit 1031 Bankruptcy Petition":

"working for" and being a "partner" are two VERY different roles. If you want to accuse Lyons and Larkin because they were employees then I guess every employee ever employed by Summit should be investigated as well?

Also, I'm still confused on what "rules" they broke? There is no law or private letter ruling or any other authoritative statement saying where exchange funds are to be held. AND real estate was about the most liquid thing you could be in until 2008 (2 years after Summit was making these loans). I agree it's a mess, and I know these partners want nothing more than to get all these creditors their money back. I don't know what else they could possibly do, they are out of money and have no control of the assets. It seems to me the problem here Kevin Padrick. I don't know why more people aren't demanding that this guy start unloading these properties instead of wasting time and money going after umpqua for additional money? I've heard this guy is making 16% off every asset he recovers. I don't see how that is going to help anyone recover their money...


####


Feel free to rip anonymouse a new asshole re:employees vs. principals. This guy has to be a lawyer they hired, or one of the them personally.

I'll start.

Bewert said...

Re: "working for" and being a "partner" are two VERY different roles. If you want to accuse Lyons and Larkin because they were employees

####

Are you even based in reality?

Lyons and Larkin were principals. Meaning they ran the shop. They told their investors that monies given them were placed in FDIC guaranteed accounts, not in the speculative real estate that those monies were actually invested in.

I have multiple newsletters stating such.

Employees?

You might have scrubbed their website, but we have copies of what they stated before your scrub.

Duncan McGeary said...

"....real estate was about the most liquid thing you could be in until 2008."

Wow.

Bewert said...

AND real estate was about the most liquid thing you could be in...

####

Yeah

Anonymous said...

"Are you accusing Buster of exaggerating..."

No, no, I could never do that. The poor bastard just lost his girlfriend, let's give him a break.

Anonymous said...

This message is to let my family, friends and business associates know what I have been up to for the last 6 months. “I have learned that DECEIT becomes one of our biggest challenges and our biggest enemy…It is through awareness and information that we can protect ourselves, our families and our health. It is the absence of knowing information that we become vulnerable and stand defenseless to protect ourselves…It is through communication with you, applying our common sense, searching for information and documents, finding the right lawyer and standing united that we can fight back against the enemy we can’t always see, until it is too late.” (www.brockovich.com/work.htm) Erin Brockovich is not only an “environmentalists with cleavage”, but she is an “advocate for awareness, the truth, and a person’s right to know…Most people don’t know that [her] favorite movie is not “Erin Brockovich” but “Pay It Forward”. All of us should pay it forward but not with the expectation of seeing a reward, that is not why we do it. Pay it forward because it is the right thing to do, reward or not. If you follow your hear, if you listen to your gut, and if you extend your hand to help another, not for any agenda, but for the sake of humanity, you are going to find the truth.” (www.brockovich.com/philosophy.htm)

I feel like I have been fighting the enemy for the last 6 months. I have all this information and documents and other evidence that others don’t have. The enemy is trying to suck the money out of Summit, by charging outrageous fees against the estate to the detriment of the hundred or so 1031 exchangers, who have suffered the most from his antics. He is also is coming after approximately 106 innocent parties by ignoring and violating the provisions set for in about 25 LLC’s including member who have nothing to do with Summit’s bankruptcy.

Anonymous said...

The legal fees so far are over 2 Million dollars between the bankruptcy attorneys involved. The amounts they are charging through May are as follows…

Perkins Coie (Legal Counsel for the Creditor’s Committee) $395,605.78
Sussman Shank LLP (Summit Inc’s Bankruptcy Attorneys) $407,394.51 Plus 117,000 to come
Obsidian Finance Group, LLC [1] $184,732.43
Kevin Padrick (ENEMY) [2] $469,599.39 (3.2% of what was in Summit’s bank account when took the job from Terry Vance)
Tonkon Torp, LLC (Enemy’s Legal Counsel) [3] $267,899.40
Hoevet, Boise & Olson, PC (Summit Inc’s Legal Counsel) $36,607.57 Plus 5,000 to come
Tyrell B. Vance, LLC (GOOD GUY, DOING HIS JOB) [4] $89,827.42
Total $1,851,668.50 Plus 122,000 to come equals 1,973,668.50 only through May

[1] Hired by Summit Originally to assist them with their restructuring efforts. Instead, they took privileged information to the Perkins Coie and the Creditors’ Committee, somehow convinced them to push to replace the CRO (who was supposed to be Obsidian’s boss), and got Obsidian’s, Senior Principal, Kevin Padrick the job of bankruptcy Trustee.
[2] Enemy who knowingly took advantage of Summits liquidity issue and turned it upside down to profit from Brian Stevens, Mark Neuman, Tim Larkin, and Lane Lyons and their family friends and business associates.
[3] Enemy’s Legal counsel who smugly lie and spends their time harassing all these folks until they don’t have any money or energy to fight.
[4] Good man who brought 750 K worth of cash into the estate and has only charged 90K. MUCH LARGER RETURN for the exchangers than Padrick’s cost which is almost 1 Million between his company, Obsidian, himself as trustee, and his legal counsel. They have only brought 10 K worth of cash into the estate and have ignored offers that would have brought 900K into the estate.

Anonymous said...

Pursuant to Code § 330 (Chapter 11 Bankruptcy Law), I have filed an Objection to Obsidian’s, Padrick’s, and Tonkon Torps Fees totaling $922,231.22 (copy attached). I have had to learn how to work within the system to get the truth out. The Court will not pay attention any other say. An unsecured creditor, Mark Knowles, for no benefit filed the objection with me so I could get standing in the courtroom.

I have lost my business partner, my money and my time with my 3 boys as a result of the ENEMY’S GREED. The ENEMY is going after innocent people’s wealth, money, and my children’s college savings. I have to make a STAND. The only thing keeping me going is my belief that God wants to use some of my skills to do something good here. I believe He made it possible to file and Objection of this quality in time. I thanked Him today because, the HELL that went along with all the work I put into this objection, is over for the time being. I can spend time in the summer sun with my boys this weekend, for this I am most grateful. An Evil Man with Deep Pockets (Cash from Summit) is not an easy opposition. I will need a power that is bigger than him. Luckily, I work for the GOOD of humanity and God is the power I need to hang tight to.

Please read the first 15 pages of the objection thoroughly so that you may gain some of the awareness and truth I have in my brain. Then scan through the exhibits you find interesting. If you have further interest, you can read through my website (www.summit1031bkjustice.com) that is not complete, but close to. It has a bunch more information on this tragedy. The password to get on the website is “changeme”. On the page called “Padrick’s Presentation to the Summit Principals” there is a taping of a meeting I had with Summit Principals, Terry Vance, & Obsidian from their presentation they were instructed to give to us by the Court. This will help you figure out for yourself what is going on here. It will also give you a sense of what type of person the Evil one is.

Thanks for your time. The more we all now and the less time we spend in the dark, the bigger chance we have to both survive our country’s economic circumstances and the evil doing by vultures who prey on the unfortunate circumstances of others

Anonymous said...

Last three posts go together.It's a tidbit from a Summit principal.
Enjoy.

hbm said...

"They do? Compared to what?'

"To the other kids in the STATE, of course."

Oh. Well, Oregon is not exactly the education hub of America either. Our university system is fourth-rate but nobody seems to give a damn as long the Ducks and Beavers get to play in some bowl every year.

"However, what's interesting is that the younger kids consistently outperform their peers in the rest of the state. But in high school they do WORSE in reading and math!"

Probably a lot of the younger kids have moved here from other places that have decent schools. Then as they move through the Bend system they get dumber and dumber.

Another reason why this is "such a great place to raise kids." Yeah, if you want to raise them to be meth-heads working for minimum wage.

"Wow HBM I didn't know your daughter went to REED, your not such a tired old arse-hole after all, you probably even get stoned with your daughter."

Nah, I haven't gotten stoned since the '70s.

Anonymous said...

"Last three posts go together.It's a tidbit from a Summit principal.
Enjoy."

Yeah great thanks for creeping me out.

Anonymous said...

No, no, I could never do that. The poor bastard just lost his girlfriend, let's give him a break.

*

Lost a GF? Are you out of your fucking mind? Here in Malay we have a saying, all you got to do is stand outside and take your wallet out of your pocket and its like mosquito's right now in Oregon in the Cascades.

No the fucking problem has always been getting rid of them, ... that's the mystery.

Fortunately that's why god made western union.

There's still 3-4 city girls, and several jungle-bunny's. I give them slack, but once they play the BIG money game, I don't go back. EVER.

Another wise advice for anybody seeking this game, never go back to one more than three times or they'll sink their teeth into you.

But this one had a good offer, just too bad it wasn't true, I gave her the benefit of the doubt and she didn't deliver.

Ok, three times, ... what I'm saying is say you go back to same village three times for a month, by that time your common-law, and have entered dangerous waters. Fortunately only they can own shit, so its irrelevant, but to me I could have afforded to lose $1k USD, too bad the deal wasn't true. ... I would have liked to have a base-camp. Now I'll just continue to have Bend be my basecamp and wallow around the world.

1031, and some guy fretting about lawyers getting all the money?

Are we supposed to be surprised?

Anonymous said...

Wait a minute....what are you saying??? Are you accusing Buster of exaggerating his language skills? Or even that someone could think him a fool? You've got to be kidding right?

*

I have already explained. I was given a proposition of buying 20 RAI ( 2.4 rai per acre ) on the beach for $1k, so I said DELIVER THE FUCK TRIO ( DEED ), I just got the DEED last week and in THAI the deed clearly said "GOVERNMENT LAND", non-transferrable,...

This was just a clear case of mom's brother trying to get some money by selling what was not his to some farang, regarding the girl, she can't read legal thai, she didn't know what the fucking DEED said she just passed it on, and the other thing the sales-agreement said was $20k USD, not the orginal $1k, ...

But just like BEND, we read the sales agreements and we read the TRIOS's RIGHT-MARGE?

I would have never paid over $1k, even if the land has of been kosher, but this 'government deed' was so bad it said that "All straw-man sales to foreigners of government land are punishable by one year in prison", ... so most likely the real deal here was to get some idiot in a pickle, so he has to pay off some government official $10k USD.

Just my humble opinion, but you guys are ALL morons, and I tried to explain this before. ...

End of story. Cost to me? About $100 USD and three months of pussy.

The girls are sweet and naive, its the family you have to watch.

bye,

Anonymous said...

Oh, by the way...Crown Point National Bank (in organization), the soon to be newest crown jewel in the Central Oregon banking community, is gone. Or at least that's what I think I recently heard the wife of Andrew Gerlicher (president and CEO of CPNB) say at a gathering. Seems the seed money just up and blew away. Hmmm, let's wait 'til the shittiest economy in 70 years and start us a new bank. Yep, I like that idea. Nobody's looking at what the banks are doing these days and we can just slip in under the radar, start with a clean slate, and away we goooo...

Anonymous said...

So the "we suck less than other banks" idea didn't fly?

Anonymous said...

Looks like we're at more than 171 comments.

I think Butter isn't coming back until we hit 200.

Anonymous said...

BP,

Sometimes I feel like you left Bend and went to SLC because of this girl.

I tell you she means nothing to me.

My Muppets tape, all I have to remind me of you is now stretched the VHS is obsolete what will I do with this gone and you??

So now that this girl is gone, does it mean you'll return to Bend??

My love of young Asian women is now over, I now realize that my love is only for middle age white guys with flabby asses. Bald, tall, and missing their front teeth.

Yours,

Anonymous said...

BP,

Sometimes I feel like you left Bend and went to SLC because of this girl.

I tell you she means nothing to me.

My Muppets tape, all I have to remind me of you is now stretched the VHS is obsolete what will I do with this gone and you??

So now that this girl is gone, does it mean you'll return to Bend??

My love of young Asian women is now over, I now realize that my love is only for middle age white guys with flabby asses. Bald, tall, and missing their front teeth.

Yours,

Anonymous said...

I heard one gentleman sold his home to invest more heavily in that new bank. Risky business, that.

Anonymous said...

Don't forget to watch M. Jackson's funeral this morning
. More important than anything else.

Hee, Hee, Hee.

Quimby said...

>> Sometimes I feel like you left Bend and went to SLC because of this girl.

Right ON!

Anonymous said...

Corpse found in Bend.

Lawyers scavenge flesh and leave only Bones.

*** 1031 update

It's Bend who could have guessed?

Who could have known?

Anonymous said...

RE: http://www.summit1031bkjustice.com/

####

Oh, I feel so sorry for the Summit principals after reading that.

Greedy fucks would have simply put the exchangers' money in the bank like they said they were going to, they would be fine right now. But NOOOO, Bend RE never goes down, right?

Anonymous said...

Anyone able to verify that Crown Point National Bank is pining for the fjords?

Anonymous said...

"Anyone able to verify that Crown Point National Bank is pining for the fjords?"

Don't worry Patty, it won't help you either way when the FDIC comes knocking soon.

Anonymous said...

Here's a list from Crown Point's web page of the founders. Some interesting names here. Moss, Bledsoe,etc...the usual cast of characters.

Bank Founders
Elijah Aldinger
Joanne Andersen
Frank Aranda
Russel Bartels
Carl E. Berg
Tucker Bierbaum, M.D.
Drew Bledsoe
John D. Bradley
Charles Brock
Bruce Brothers
Charles D. Brummel
Dale Campbell
Kyle D. Cummings
John (Jack) W. Cuniff
Mark Eisenzimmer
Greg Everson
Andrew Gerlicher
Sandy Goodsell
Robert T. Jett
Tim and Anne Kizziar
James Knapp
Doug Koth
Kevin Marks
Majorie Miller
Roy Moore
Gary Moss
Patrick Murray
Jason Nelson
Michael M. Peters
Jeff Pickhardt
Quay Richerson
Barry Rowe
Jeff and Catherine Saul
Susan Schildknecht
Paul Schneider
Torrey Sharp
Greta Sorum
Dale Walker
Marcus Walker
Michael Ward
Blake N. Weber
Eric Weber
Jami Lyn Weber
Todd Weitzman

Bewert said...

From http://www.summit1031bkjustice.com/?page_id=552

The principals have wanted to liquidate their personal assets since Day One in an effort to pay you back as soon as possible. The principals were willing to give up all that they had to pay you back. So far, they have given all that they have to pay for the attorneys with a minimal amount being used to pay back exchangers. They have had to turn over everything except a home, a car, minimal household goods and retirement accounts. Brian Stevens and his wife, Sharon, and their eight home-schooled children may need to move into their RV to survive this. My dad and his wife, Jan, are looking at having to live with me - Yikes! Tim and Lane are struggling to survive as well.

#####

From the county recordings, doc # 2009-015239, you can see that Dad kept five cars, the motor home, and a Chris Craft boat. And about $30K in cash.

But he did lose the really nice house.

Lyons kept his house, two cars, a boat, motorcycle, ATV, two snowmobiles, and $44K in cash,

Larkin kept his house, three cars, two ATVs and $90K in cash.

Stevens kept his house, four cars, motor home, and only $6K in cash.

Want to read some really self-serving whining?

http://www.summit1031bkjustice.com/?page_id=909

Absolutely pathetic.

But then the fruit never falls far from the tree.

Anonymous said...

Looked at the whole site... http://www.summit1031bkjustice.com/

I feel your pain. NOT! What a waste of time creating a whole website just to snivel. If Stephanie had spent that much time picking up pop cans on the side of the road, she'd be half way to digging herself out of that mess.

Anonymous said...

http://www.summit1031bkjustice.com/?page_id=552

Wow, Bruce, you really hit on something there.

Lots of meat here for Butter's next post.

Did anyone notice the picture at the top of that site? At first I was impressed, but then I realized someone had some fun with photoshop. I guess it beats picking up cans along the side of the road!

Anonymous said...

I'm counting 4 households and 24 vehicles. My math is not so strong, can someone do that division for me?

Anonymous said...

This is just some christian Bend skank trying to get sympathy for her family.

Please BB2 doesn't shed tears.

Do we?

There are pic's but fuckable? Bend fuckable?

Anonymous said...

Me & My Dad
stephanie-studebaker
My name is Stephanie Studebaker-DeYoung.

Unwillingly, I have acquired an interest in, and more knowledge on bankruptcy (BK) than I ever wanted to know because Summit Accommodators, Inc. (Summit 1031) filed Chapter 11 bankruptcy in December 2008. I am affected by the results of this action two-fold…
1. I am an investor in 4 of the LLC’s where the principals’ interest has been transferred to the Trustee of the Summit Bankruptcy.
2. I am the daughter of Mark Neuman, one of the principals of Summit 1031. This situation has been challenging, but has brought me much closer to my dad, and I am grateful for that.


I was as surprised as the rest of you when I saw the news of Summit’s closure and short fall on the front page of the Bend Bulletin. I had no idea anything was wrong.

A couple of months prior to this news, I got in an argument with my dad. I had come to him for help with finishing a project I was working on for one of the LLC’s.

Instead of assisting me, I felt he was starting to micromanage a project that was already complete, only needing a signed legal document and a reduced payment to the seller. I thought his impatient “help”, as dad describes it, was inconsiderate and disrespectful. I had spent hours well beyond my regular work hours to get us to this point, and I was not getting the assistance and help I felt I deserved. What I needed was for my partners to do their part in finishing it so I could go home and be a mom to my boys. I missed them.

You see, we purchased a piece of farm land that was in the path of progression based on estimated future value. Big mistake! Now that path of progression had come to a screeching halt. My task was to renegotiate the purchase options with the seller. This is not an easy task, but I was able to arrange an agreement with much better terms than the original. I thought my dad should be proud of me. Now I know he was proud of me, he just has a hard time telling me.

Instead of being able to express my feelings to dad in an adult-like manner, I decided I wasn’t going to talk to him until he apologized! Does anyone else have a story like this?

Anonymous said...

No apology came and I thought he really didn’t care about me. Then one day, my girlfriend sent me an email asking me if I had seen the newspaper article about Summit. I hadn’t, so I went to the reception area and picked up the Bend Bulletin. Obviously my dad had other pressing matters requiring his attention. Maybe this explained why he wasn’t apologizing or talking to me about our argument.

As the story was unraveling in the news, I grew concerned for his well-being. About a week later, I woke up in the middle of the night feeling a deep pain…it wasn’t my pain. It was my dad’s pain. I started to email him, “Dad, are you OK?”, but I didn’t feel it was appropriate given the circumstances. A phone call would be more so. The next morning, instead of heading to work, I headed toward his house. On my way there, I called him. He sounded horrible.

When I got to his house, I found a man that looked like my dad, but a much paler, weakened version. I sat next to him and hugged him and kissed him and told him that everything will be all right.

There have been many very difficult days. Feelings of failure, hopelessness and powerlessness are almost overwhelming. Facing the harm this problem of liquidity has caused to the exchangers, the community, and to their own families is heartbreaking. It has been the most trying time of our lives, but we are all gaining a better appreciation for family and friends. Now our relationships are what we are living for. As you can see, you can work hard your whole life and have nothing to show for it in the blink of an eye.



The purpose of this website is to shed some light on these events, so that our community can clearly understand what has happened, as well as finding what it can do to address the problems in ways that are more constructive.

I have given a lot of thought to this and have come concluded that the way we as Americans generally view money needs to be modified.

Money is what we need to live in this world, but it is not what we should live for. It is just paper that flows through our hands, then another’s hands, then another’s hands. The money is not ours; it is for us to use as we walk through this life. For the past few years Americans have generally been too focused on money and not focused enough on experiences, family, friends, love, growing, learning….These are the things that can never be taken away from us.

We need to start working with each other and not against each other. Is it not human to make a mistake? What should we do when we make a mistake? We need to try to make up for that mistake in any way we can. We are all imperfect, we all make mistakes, and we all deserve a chance to make up for those mistakes. This is what has been so frustrating for the principals. They want to fix the problem so much! The principals want to see efforts being made to pay back their customers. The only money that has gone to the exchangers is about 20-30% of the cash that is sitting in Summit 1031’s bank account. The rest of the cash, approximately $6 million, is sitting in a bank account and will be used as Kevin Padrick, the bankruptcy trustee, sees fit. In just 5 months, the legal fees charged in the case are up to $1.4 Million. The investment portfolio the principals turned over to the creditors is being significantly depleted by the legal fees, lack of cooperation and communication from attorneys and Obsidian, and the paralyzing “process” of our legal system.

“Click here to see what’s been reported by the Bend Bulletin on this Bend 1031 exchange company”

Anonymous said...

The above is the gist of the pathetic site, they're tracking IP's I downloaded the above with TOR from Iraq.

Anonymous said...

When I got to his house, I found a man that looked like my dad, but a much paler, weakened version. I sat next to him and hugged him and kissed him and told him that everything will be all right.

##

Ok, so Bend fucked the old-man, who got the daughter?? This is Bend.

Anonymous said...

The rest of the cash, approximately $6 million, is sitting in a bank account and will be used as Kevin Padrick, the bankruptcy trustee, sees fit. In just 5 months, the legal fees charged in the case are up to $1.4 Million. The investment portfolio the principals turned over to the creditors is being significantly depleted by the legal fees, lack of cooperation and communication from attorneys and Obsidian, and the paralyzing “process” of our legal system.

###

Where's the news here, we knew months ago all the CASH would be spent defending the crooks.

This is the Amerikkan way. Why is this bitch bitching about the system? Her father didn't walk with enough toys bought with other peoples money??

Anonymous said...

Looks like somebody's hiring in Bend

From journalismjobs.com:

Company: The Bulletin
Position:
Business Reporter
Location:
Bend, Oregon
Job Status: Full-time
Salary: Negotiable
Ad Expires:
July 20, 2009
Job ID: 1062974
Website: http://bendbulletin.com

Description:
The Bulletin, a 30,000-plus circulation daily newspaper in Central Oregon, seeks an experienced business reporter who can tackle everything from development to tourism to high technology and retail sales. Candidate should have a passion for detail, strong reporting and writing skills, and at least three to five years covering business.

The Bulletin is a privately held newspaper with a reputation for quality community journalism. We offer competitive pay and benefits, including profit sharing, and ample opportunities for training and advancement.

Bend, population 80,000, offers a resort-town lifestyle in Oregon’s high desert with a view of the Cascade Mountains, a unique combination of big-town amenities and outstanding outdoor activities.

To apply, please mail cover letter, resume and writing samples to: Marielle Gallagher, Newsroom Administrator The Bulletin P.O. Box 6020 Bend, OR 97701


Guess they're looking for some boob who's incapable of Googling "business reporter Bend Bulletin" to find out what happened to the last poor sap who took a job there ... Get ready to lie for the cause.

IHateToBurstYourBubble said...

I'm applying for that Bully job!

Anonymous said...

Wow!!! Some juice flowing around here again.

How about the $5,000,000 loans to each principals last October.
Stevens
Neuman

look them up on the clerks site.

Anonymous said...

Does anybody here have any old VHS tapes of the muppets??

tim said...

http://www.youtube.com/watch?v=ynjIoymWHvU

St Paddy said...

Speaking of the muppets

BB2 is like the two old men hecklers in theatre.

"Statler and Waldorf"

Constantly bagging on the performances of the Bulletin and local RE community.

Anonymous said...

HBM plays with his meat puppet all the time. Now he just calls it his "Muppet."

IHateToBurstYourBubble said...

Here we go again:

The Shire buyer purchases another Bend development

Scott Wicklund, a commercial real estate broker with the DuBois Wicklund Group in Bend, said investors are “testing the waters,” especially those that can afford to take advantage of low purchase prices and hold the development properties until market demand returns.

“People are starting to sense it’s near the bottom, that these opportunities are pretty good right now,” Wicklund said. “We’re at a point where I don’t know how much lower it can get.”

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