tag:blogger.com,1999:blog-3449433527135568372.post601612166111140048..comments2023-07-07T00:32:17.629-07:00Comments on BendBubble2: How To Make $100 Million A Year In Bend, OregonUnknownnoreply@blogger.comBlogger247125tag:blogger.com,1999:blog-3449433527135568372.post-15864588313671002572007-10-12T09:04:00.000-07:002007-10-12T09:04:00.000-07:00"BEND WILL BE BANKRUPT IN 3 YEARS"Naw it won't. T..."BEND WILL BE BANKRUPT IN 3 YEARS"<BR/><BR/>Naw it won't. Those who overleveraged themselves and got caught in the middle of the flip game will be though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-63240944143334956232007-10-07T10:07:00.000-07:002007-10-07T10:07:00.000-07:00“Juniper Ridge is basically our only hope for that...“Juniper Ridge is basically our only hope for that,” he said of the city-owned land on Bend’s north end. “In my opinion, we can’t wait for that any longer.”<BR/><BR/>*<BR/><BR/>If Juniper-Ridge is our only hope, then we are FUCKED.<BR/><BR/>Who is this 'WE' white-man?? Why don't they say that JR is boss hogg hollern's only hope? Why don't they say that JR is the only HOPE of BIG contractor firms of big projects coming down??<BR/><BR/>JR is NO hope for the taxpayer, just another boon-doggle to accelerate Bend's bankruptcy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-78639871281434552622007-10-07T09:33:00.000-07:002007-10-07T09:33:00.000-07:00The Bulletin's major news is that GDP grew during ...The Bulletin's major news is that GDP grew during the years 2001 to 2005. Gee, we grew during the bubble? Who knew?<BR/><BR/>*<BR/><BR/>Just like the jump in jobs report that just came back, it was from July, and its now October, and there telling us there was the normal seasonal jump in summer employment.<BR/><BR/>The BULL has to go back to two years ago to find a trend line that Bend is growing faster than land can support.<BR/><BR/>How about someone in this fucking town paying attention today.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-72053863581702785892007-10-07T08:52:00.000-07:002007-10-07T08:52:00.000-07:00The Bulletin's major news is that GDP grew during ...The Bulletin's major news is that GDP grew during the years 2001 to 2005. Gee, we grew during the bubble? Who knew?Duncan McGearyhttps://www.blogger.com/profile/02857388833850939721noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-66786332190741187492007-10-07T08:14:00.000-07:002007-10-07T08:14:00.000-07:00The key to absorbing any job losses in a changing ...The key to absorbing any job losses in a changing economy, officials say, is attracting a larger diversity of industries -- and pointing out that Central Oregon remains cheaper to manufacture in than other Northwest regions.<BR/><BR/>*<BR/><BR/>Yes, the NEW along the I5 corridor, or Columbia River, but NOT bend,oregon, out in the middle of the desert, where everything has to be long-hauled over the cascade pass.<BR/><BR/>Complete INSANITY to site industry in Bend, Oregon. Other than the fact that Brogman can minimize his commute, but now folks are figuring out that the workers can't afford to eat here.<BR/><BR/>Yes, the NW is cheap to industrialize, but Bend is NOT the NW, bend is part of the desert great-basin, its a long way from transportation cooridor. Yes, lets spend $25Billion to build a FWY along I97 that connects VEGAS and YAKIMA, ... just to save Bend, its NOT going to happen.<BR/><BR/>Bend is imploding, and humpty-dumpty cannot put it back together again, because it was always a house of cards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-26877870576589021772007-10-07T08:07:00.000-07:002007-10-07T08:07:00.000-07:00What a bunch of dribble. Nobody talked this way wh...What a bunch of dribble. Nobody talked this way when RE was going up 30%/yr, now that the end is near. All of a sudden white-trash jobs are all the rage, what do we need??? Juniper-Ridge.<BR/><BR/>What is the solution? SAO ( software association ), a collection of insurance salesmen, and cd-rom duplicator vendors that get lotto money to throw partys. They're coming to Bend to create jobs, just remember this, that 20+ year SAO has been spending tons of state dollars near beaverton, and NADA nothing has come, mix that with EDCO and you have a recipe to spend more taxpayer dollars on party's. The solution? There is NO solution, there is NO rational reason to site your business in central oregon, there never has been, and there never will be.<BR/><BR/>Poverty with a view, always has been, always will be.<BR/><BR/>Note, also this thing below is written like IHTBYB was behind it, just create lots of cheap land and shit will happen, just subsidize industry, e.g. tax deferral and they'll stay, WHY DON'T we give everyone tax exemption, and nobody will leave? We're already bankrupt lets expedite the process.<BR/><BR/>**********************************<BR/><BR/>Despite growth, some are worried about challenges for manufacturing<BR/>By Anna Sowa / The Bulletin<BR/>Published: October 07. 2007 5:00AM PST<BR/><BR/>Joseph Bartels, CEO of Redmond kit plane maker Lancair International Inc., says he’d be sad to leave Central Oregon’s clear, blue skies. Bartels, like all so-called “amenity migrants,” loves the quality of life the High Desert affords him. But as a business owner, he said, he may not be able to afford the region’s land prices and cost of living for his employees.<BR/><BR/>“I’m worried that one day somebody is going to end up offering me so much money (to relocate the company) that I would be an absolute fool not to take it,” Bartels said last week, acknowledging that a town in Colorado is courting his company. “I love Oregon, but am discouraged that no economic-retention organization has been sufficient enough to … keep organizations like Lancair here.”<BR/><BR/>Economic developers say manufacturing businesses are important to the region’s economic health, as they typically bring jobs with competitive pay. While many manufacturers are thriving in Central Oregon, some, like Lancair, worry about their future.<BR/><BR/>In Bend, a limited supply of industrial land has pushed prices to some of the highest in the state, prompting some manufacturers to shuffle around the High Desert to find more affordable regions to grow. Additionally, Bend’s cost of living strains the work force, pushing many employyees to commute from cheaper cities and making labor costs rise for the employer.<BR/><BR/>The key to absorbing any job losses in a changing economy, officials say, is attracting a larger diversity of industries — and pointing out that Central Oregon remains cheaper to manufacture in than other Northwest regions.<BR/><BR/>A piece of the pie<BR/><BR/>Manufacturing’s contribution to the economy is reflected in state and national numbers.<BR/><BR/>In Deschutes County, the average pay for an employee of a private firm made $33,329 in 2006, according to the Oregon Employment Department.<BR/><BR/>Manufacturing workers made $37,949 that year.<BR/><BR/>In gross domestic product, Deschutes County’s manufacturing sector grew 51.5 percent between 2001 and 2005, according to the most recent data from the U.S. Bureau of Economic Analysis.<BR/><BR/>Comparatively, the county’s total GDP grew 33.2 percent during that time.<BR/><BR/>Manufacturing made up 8.8 percent of the county’s total GDP growth in 2005.<BR/><BR/>Lancair comprises a piece of that manufacturing pie, employing 65 people who make airplane parts, with which customers build their own aircraft.<BR/><BR/>Lance Neibauer, of Tumalo, founded the company in the mid-1990s and also founded FAA-certified aircraft manufacturer Columbia Aircraft Manufacturing Corp. Neibauer sold Lancair to Bartels in 2003 and split from Columbia in 2006.<BR/><BR/>Columbia is one of the area’s top employers, with roughly 400 workers, and last month announced it was planning to sell to Wichita, Kan.-based Cessna Aircraft Co., the world’s largest maker of general aviation airplanes. Columbia also announced it was filing for Chapter 11 bankruptcy protection.<BR/><BR/>The announcement worries regional leaders, who fear a larger company could move Columbia out of Central Oregon. Cessna must win a bankruptcy auction to buy Columbia against other bidders, but has said it would keep the company in Bend.<BR/><BR/>At Lancair, Bartels says he has no serious plans to leave Redmond, but he has entertained numerous offers from economic-development officials in other states serving up cheaper industrial land, tax breaks and other cash incentives.<BR/><BR/>“My concern is that I don’t see Oregon going out of its way to keep people,” he said.<BR/><BR/>He would like to see employee training programs for the manufacturing and technology sectors, more land zoned for industrial uses and affordable housing options for workers.<BR/><BR/>Compass Commercial Real Estate Services data suggest that Bend and Redmond have more industrial space available than last year, but the vacancy rate is still very low. Compass Commercial’s second quarter 2007 newsletter shows that Bend’s industrial building vacancy rate increased to 7 percent in the second quarter, up from 2.9 percent at that time last year. The increase is due to a number of factors, says broker Darren Powderly, who said new industrial construction is adding to the supply and existing businesses are not expanding as fast as new space is being created.<BR/><BR/>“We were at absolutely anemic levels last year,” Powderly said. “Now, at least we’re returning to normalcy, but we’re still at very restricted levels.”<BR/><BR/>High industrial lease costs are one reason businesses may not be expanding, Powderly said. The average cost of built-out industrial space in Bend ranges from 50 cents per square foot to 70 cents per square foot, not including operating expenses. Comparatively, Redmond space costs an average of 40 cents to 60 cents per square foot.<BR/><BR/>Bend’s industrial space is at about a two-year supply, Powderly said. Bend needs more raw industrial land to attract new manufacturers and help existing businesses grow, he said. Oregon law mandates a 20-year supply of industrial land be kept available for future economic growth, Powderly noted.<BR/><BR/>“Juniper Ridge is basically our only hope for that,” he said of the city-owned land on Bend’s north end. “In my opinion, we can’t wait for that any longer.”<BR/><BR/>Priced out<BR/><BR/>Bend’s industrial land prices already are forcing out some manufacturers.<BR/><BR/>After 25 years, Bend Tarp & Liner moved its 16-person manufacturing plant from Bend to Prineville in July. The pool liner and tarp manufacturer could not afford to expand its facilities in Bend, said Chief Financial Officer Steve Caldwell. And with its employment expected to grow 25 percent in the new space, Caldwell says Prineville offers more affordable housing options for workers.<BR/><BR/>Ron Cook, president of Ameritech Machine Manufacturing Inc., is preparing to move his Bend business to Redmond, where he says industrial land prices are half of Bend’s.<BR/><BR/>“It truly is, in my opinion, expensive beyond belief,” he said. “We couldn’t grow (in Bend).”<BR/><BR/>His seven-year-old company already has outgrown its Bend location, which doesn’t have desk room for all 25 employees. Cook expects his business will grow to more than 40 people by the end of its first year in Redmond, adding both welders and office staff for the maker or steel parts for the steel processing industry.<BR/><BR/>Roger Lee, executive director of Economic Development for Central Oregon, admits other areas of the country have more attractive incentives for certain industries than Central Oregon. For example, parts of the Midwest offer breaks on property taxes and other cash incentives for businesses in the aerospace industry, he said. Oregon’s incentives are primarily geared toward attracting tech companies, Lee said, and any change to that must come at the state level.<BR/><BR/>Bend’s industrial land may be pricey, he said, but the region still is more affordable than larger metropolitan areas, notably California. For example, the region’s employment costs, workers’ compensation rates, and sales and property taxes are lower than some neighboring states.<BR/><BR/>Juniper Ridge could help, too, Lee said, hoping it offers much-needed industrial land and a campus to train high-tech workers.<BR/><BR/>“It would be nice to have more than one place to locate a company,” Lee said. “(Companies) like multiple options.”<BR/><BR/>Doing fine<BR/><BR/>Lee is quick to identify companies that have thrived in Central Oregon. He mentioned Breedlove Guitar, which is planning to move its guitar-making facility to NorthWest Crossing from Tumalo; Microsemi, the Southern California-based semiconductor wafer manufacturer that acquired Bend’s Advanced Power Technology last year and which remains in Bend; and GL Suite, a Bend software company that designs regulatory programs for government agencies around the globe.<BR/><BR/>GL Suite is a 10-year-old company that moved to Bend nine years ago from Lake Oswego. President Bill Moseley said Bend appealed to him because it seemed like a good place to raise his young family. All he needed was air transportation, which Redmond Airport provided, and networking infrastructure through a high-speed Internet connection.<BR/><BR/>Now, Moseley needs affordable housing for his workers. His 42-person business would need 18 more employees to meet its present demand and will need up to 100 by the end of the year, he said.<BR/><BR/>“High housing prices mean pressure on wages,” he said. The base salary at GL Suite is $39,000 per year, he added, excluding benefits.<BR/><BR/>Moseley is generally able to find the qualified workers he needs, but says the labor force is becoming tighter.<BR/><BR/>Labor and housing woes considered, Moseley said, two things would prompt him to leave Bend:<BR/><BR/>•If housing prices start accelerating like they did in 2005 and 2006, he would open a satellite facility outside the region and gradually move his company there.<BR/><BR/>•If the community doesn’t attract more talented workers to fit his needs, he might open a new facility elsewhere, while keeping the Bend location open.<BR/><BR/>For Central Oregon to attract more tech manufacturing companies, Moseley says, the region needs to establish and nurture a tech cluster.<BR/><BR/>“Industries grow in clusters,” he said. “If you get a couple airplane manufacturers in a particular area, they sprout suppliers that service them and employees come and become interchangeable … it’s the same thing in software.”<BR/><BR/>EDCO and the Software Association of Oregon are the best candidates to unite all the tech companies and workers, he said, although the software association only recently came to Central Oregon.<BR/><BR/>A cluster of established tech groups would exchange ideas, skills and work off each other’s success, Moseley said. And that would encourage startup companies.<BR/><BR/>“I think if we can get the central cluster done, we can help some of those startups out,” he said. “The longer we wait to do these things, the further we put off success.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-80422339243071890602007-10-07T07:59:00.000-07:002007-10-07T07:59:00.000-07:00First of all there are NO wealthy in Bend, Bend is...First of all there are NO wealthy in Bend, Bend is about a parasitic HELOC money.<BR/><BR/>There are only service jobs, in Bend always been this way.<BR/><BR/>What's happened to Bend since 2002, is that developers took over the city-hall, and transferred taxpayers dollars towards Public Relations, tens of thousands of condo's were built, and 24 resort golf-courses. From 2002 to 2006 100's of thousands of tourists were routed through Bend, and many were sold condo's and time shares.<BR/><BR/>To this day the city is still using taxpayer money to bring in out of town suckers. Trouble is there were no jobs, and then in the last seven years there were construction jobs, now that unemployed people can no longer secure HELOC money, now that Year-to-Date Bend real estate is down -50% everything has come to a halt. During prior two years Bend was the highest appreciating city in America, this year and the next five Bend will fall hardest in the country.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-35189384861917916422007-10-07T07:53:00.000-07:002007-10-07T07:53:00.000-07:00The tired old myths are passed down as fact. THERE...The tired old myths are passed down as fact. THERE are NO rich in Bend, only HELOC parasites. Manufacturing? Never was. Jobs? Nada, bend has always been a service-economy ever since the mill's shut down, long ago.<BR/><BR/>***<BR/><BR/>Is Bend's transformation into a city for the wealthy destroying its manufacturng base?<BR/>Posted by mrollins October 07, 2007 05:46AM<BR/>Categories: Central Oregon, Columbia Gorge, Eastern Oregon<BR/><BR/>The Bend Bulletin dissects a dilemma facing the city. Companies that provide family-wage jobs are finding it more difficult to stay put, looking for other locations in Central Oregon or being courted by other states. The story provides compelling statistics on why you can't lose those blue-collar industries.<BR/><BR/> In Bend, a limited supply of industrial land has pushed prices to some of the highest in the state, prompting some manufacturers to shuffle around the High Desert to find more affordable regions to grow. Additionally, Bend's cost of living strains the work force, pushing many employyees to commute from cheaper cities and making labor costs rise for the employer.<BR/><BR/> The key to absorbing any job losses in a changing economy, officials say, is attracting a larger diversity of industries -- and pointing out that Central Oregon remains cheaper to manufacture in than other Northwest regions.<BR/><BR/> Manufacturing's contribution to the economy is reflected in state and national numbers.<BR/><BR/> In Deschutes County, the average pay for an employee of a private firm made $33,329 in 2006, according to the Oregon Employment Department.<BR/><BR/> Manufacturing workers made $37,949 that year.<BR/><BR/> In gross domestic product, Deschutes County's manufacturing sector grew 51.5 percent between 2001 and 2005, according to the most recent data from the U.S. Bureau of Economic Analysis.<BR/><BR/> Comparatively, the county's total GDP grew 33.2 percent during that time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-208134882817448382007-10-06T15:17:00.000-07:002007-10-06T15:17:00.000-07:00Do folks yet realize its over? Hell no.*The proble...Do folks yet realize its over? Hell no.<BR/><BR/>*<BR/><BR/>The problem is once they realize its over you'll no longer be able to get money to buy, nothing will sell paralysis will cause complete implosion.<BR/><BR/>This will not be a pretty time, today is a good time,<BR/><BR/>The stock market is up, because its the only safe place to put your money, WASHMU announced -75% loss in earnings, Merrill lost $5Billion, ... how can the stock market go up, when everyone is enjoying negative earnings?? People are greedy and insane, but the fact is stocks go up based on future growth in profit, its only a matter of time before wall street has its day of reckoning.<BR/><BR/>Regarding the guy who said 25 years ago that USA is going to shit, me to I have been saying that and guess what we're right, the DOLLAR has been falling for 20+ years, and that is how its measured, eventually nobody will want dollars,<BR/><BR/>The same thing happened in the fall of Rome, eventually there was nothing to eat, because the farmers wouldn't bring grain to Rome, because the money had no value.<BR/><BR/>The resiliency of the USA is nukes, guns, and troops, eventually china, and EU, will quit loaning the USA to kill, and then the USA will implode, until then party-on,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-49687695616621719822007-10-06T15:08:00.000-07:002007-10-06T15:08:00.000-07:00But isn't that all the bubble deniers are saying? ...But isn't that all the bubble deniers are saying? The housing prices are justified because of reason one, or reason two.<BR/><BR/>*<BR/><BR/>Everyone by word of mouth said "bend", bend is the next aspen, every home was going to be worth millions.<BR/><BR/>Everyone was going to get rich, lets go back to tulip mania, a fucking flower bulb in the 1600's was trading for more than a home. <BR/><BR/>Everybody was selling everything to buy tulips, such as bend.<BR/><BR/>In bend fucking secretary's at title company's that I know bought two or more homes on speculation. That was in fall of 2006, which as we know was game-over.<BR/><BR/>All one has to do is go get the book "grand popular delusions, and madness of the crowds", its odd that this stuff isn't widely know or taught.<BR/><BR/>The king of wall street said he knew it was over pre-depression ( 1920's ) when his shoe-shine boy was giving HIM stock tips.<BR/><BR/>I'm an old fart, been doing property managment, rentals for years, its hard work, when you see people with NO CASH flow, and no ability to do real work buying homes, and then letting them sit empty to make 30%/yr forever, you know insanity is present.<BR/><BR/>Today, we have all these insane people in Bend bleeding to death, just a few days ago the BEND PR machine of the city promised to bring it all back, we're now going to bring in tourist from Illinois, and Texas NO more calis, I kid you not.<BR/><BR/>Do folks yet realize its over? Hell no.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-22983129133900598262007-10-06T12:07:00.000-07:002007-10-06T12:07:00.000-07:00Paul-doh, you've talked about the Nasdaq bubble be...Paul-doh, you've talked about the Nasdaq bubble before.<BR/><BR/>There were all kinds of 'reasons' given for the increase; we were in a new paradigm, that the internet was going to create a new economy, detached from all previous rules, that productivity was in a permanent state of increase, other reasons, blah, blah, blah.<BR/><BR/>It was all nonsense. It was a bubble.Duncan McGearyhttps://www.blogger.com/profile/02857388833850939721noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-91486123450318969772007-10-06T10:43:00.000-07:002007-10-06T10:43:00.000-07:00What I hear you saying is, there are reasons housi...What I hear you saying is, there are reasons housing prices are higher.<BR/><BR/>But isn't that all the bubble deniers are saying? The housing prices are justified because of reason one, or reason two.<BR/><BR/>But its all bubble logic. Logically consistent within the bubble, a self feeding loop, that people buy into.<BR/><BR/>But all of us have said many times, that it's the emperor has no clothes...that a someone will eventually point that out, and the bubble goes poof....<BR/><BR/>You're basically saying that the emperor is really fat and doesn't need clothes to stay warm.Duncan McGearyhttps://www.blogger.com/profile/02857388833850939721noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-84296133085360436292007-10-06T10:32:00.000-07:002007-10-06T10:32:00.000-07:00IHTBYB,Geez, listen to yourself. "But see, 'the go...IHTBYB,<BR/><BR/>Geez, listen to yourself. "But see, 'the going rate' is determined by supply, which..." blah, blah, blah.<BR/><BR/>The going rate is based on a bubble! Remember the title to your blog. The going rate is a bubble rate! It's illogical, and has nothing to do with underlying factors.<BR/><BR/>IF THERE ARE GOOD REASONS FOR HIGHER PRICES, then it isn't a bubble.<BR/><BR/>We are the most overpriced town in America. So is that because of land supply, because everyone wants to move to Bend, because rich people and baby boomers pick Bend above all others, because houses always go up, because, because....?<BR/><BR/>Or is it a crazy bubble?<BR/><BR/>So which is it?Duncan McGearyhttps://www.blogger.com/profile/02857388833850939721noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-69624144122435288442007-10-06T08:26:00.000-07:002007-10-06T08:26:00.000-07:00The biggest liars in Bend are the SORE, and the BU...The biggest liars in Bend are the SORE, and the BULL.<BR/><BR/>M49 allows pre 1972 development rights to be sold to foriegners. Something that M37 didn't allow.<BR/><BR/>M37 said if you owned the land pre 1972, then you can develop. M49 says that you can transfer those right to someone other than the owner. What the people who wrote M37 failed to realize is the average person doesn't have enough money to build a mega-development.<BR/><BR/>Thus M49 will make ALL pre-1972 land saleable to REITS, and thus MAKE ALL the big boys like JD-Gray ( sunriver ), and boss hogg hollern ( Black Butt Ranch ), even richer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-55066216038151976142007-10-06T07:41:00.000-07:002007-10-06T07:41:00.000-07:00There are two major problems in the Bend Blogger B...There are two major problems in the Bend Blogger Bubble Brigade that I can see.<BR/><BR/>1.) A complete disregard for the common man, the majority of the BBBB's tend to be newies ( less than ten years in bend ), that rent or own a large 'cali' type tract house. They're doing 'fine'. They blog purely for amusement. ( I call these callous assholes "timmys" ).<BR/><BR/>2.) I agree that the bend bubble is purely built on speculative insanity, greed, and irrationality. There is NO structural reason like UGB or Bend City Code that caused the bubble, if UGB were the reason, then Burns, and Pendleton was have exploded.<BR/><BR/>People came from all over in 2002 to BUY in Bend, CACB investors of that day, Sebastian Homes PDX move operations to Bend, everyone knew it was time. Brooks spent a fortune on "Smart Growth", in order to justify NWXC. The City of Bend spent a ton of money marketing Bend. The State approved every resort in the area using UGB loopholes.<BR/><BR/>Then you throw in easy money to borrow ( OPM ), and the promise of infinite 30%/yr returns on such, and the ability to purchase four homes with no-doc, interest only, nothing-down. All the big boys saw this coming, that's why sebastian came, and that's why brooks built NWXC when he did. They knew the easy-money would cause people to purchase as quick as they could build.<BR/><BR/>Today the typically blogger is such as "I have my I'm fine", or "Oregon Law created the problem"<BR/><BR/>First of all the little guy is essential to our happiness in Bend, if +25% are un-employed, then crime will skyrocket. Oregon's UGB laws are not what caused the Bend-Bubble, the most over-inflated RE in the country. IF UGB was the cause then every two-bit city in Oregon would have had a bubble, they didn't. Only Bend, and mainly because the city was and still is ran by developers, who telegraphed their crony's all over America that a RE gold-rush was going to take place post 2002.<BR/><BR/>I personally think the essential problem here for the majority of the bloggers is that they haven't been here long enough, and they're not old enough to have seen bad times.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-36013834445557642192007-10-05T18:40:00.000-07:002007-10-05T18:40:00.000-07:00So the UGB, the baby boomer migration, the high ca...So the UGB, the baby boomer migration, the high california prices, the revival of downtown can all look like rational reasons, but they're just grist, just excuses to Build, build, build, sell, sell, sell.<BR/>*<BR/>Everyone that could buy bought, and most bought one or two. Calis bought, and they bought a second in Bend. Thanks to Bend's great PR scam<BR/><BR/>The real issue here is that every realtor in Bend was telling every sucker coming to Bend that 30%/yr appreciation was yours, and everyone could and did participate in the money tree. In 2004 builders were coming from all over the country and paying $300k for lots anywhere in Bend that were only 5k-sqft.<BR/><BR/>Everyone did this to get rich quick. There is NO amount of supply, as quite often most people bought promises. Most bubbles folks buy before the stuff is even built, and sell their contract before its built for +20%.<BR/><BR/>There's a lot of newbies including IHTBYB who think UGB is artificial and strange, get over it, we all have its been in Oregon since 1972.<BR/><BR/>The bubble has essential elements yes it played all over america, but Bend was the biggest.<BR/><BR/>1.) A city that literally blew taxpayers dollars to inflate the bubble on PR, to SELL BEND.<BR/>2.) 24 golf courses and resorts in the area to bring in tourists and sell them condos/time-shares.<BR/>3.) Easy-Money, nothing down, up to four homes no problem, no-doc.<BR/>4.) Get rich quick, in Bend a monkey can make +30%/yr on other peoples money.<BR/><BR/>Certainly other places had 3&4 above, but Bend artificially created 1&2, which led to the biggest boom, and will yield the biggest bust.<BR/><BR/>What do we have to show for it? Not much, more than likely the city will be bankrupt within 2-3 years.<BR/><BR/>I live by one motto "If it were easy to be rich everyman would be rich". Look around guys, most folks live hand to mouth, paycheck to paycheck, always have, and always will.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-27483793181125338202007-10-05T09:31:00.000-07:002007-10-05T09:31:00.000-07:00Just a few years ago BEND allowed MTV, I'll be tha...Just a few years ago BEND allowed MTV, I'll be that bend city hall has bend-broadband block craigs-list in name of protecting the children.<BR/><BR/>Read todays WSJ realtors are fucking customers to get sales, and FSBO is up 50% YOY, holy fucking shit!!!!!!!!!!!<BR/><BR/>Also what is interesting is that folks are still get realtor licenses, as its an easy thing for the walmart crowd to do, easier than getting a mail-order college degree.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-51952328836022797042007-10-05T09:28:00.000-07:002007-10-05T09:28:00.000-07:00Taking the next step means entering states such as...Taking the next step means entering states such as Texas, Florida, Illinois and New York with more public relations, advertising, promotion and direct sales, LaPlaca said.<BR/><BR/>*<BR/><BR/>Somebody here explain to me WHY our enormASS budget for tourism has to attract texans, floridians, and yorkers?? WHY in the fuck do we want them in Bend.<BR/><BR/>First of all Yorkers and Floridians are the same thing, a floridian is just a York sun-bird. What is it with Illinois are they so fucking stupid? Do they read outside mag??<BR/><BR/>Somebody elucidate what OUR powers that be are thinking when they squander city taxpayer money???<BR/><BR/>Floridians don't need NO bend condo, and folks from Illinois??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-50468621930539061932007-10-05T08:28:00.000-07:002007-10-05T08:28:00.000-07:00OK, I found it, under services - "Erotic Services"...OK, I found it, under services - "Erotic Services".<BR/><BR/>Oh brother, what is the big fuckin deal? This is just ESCORT SERVICES (AKA prostitution), WHICH IS IN EVERY YELLOW PAGES IN THE US!<BR/><BR/>What KTVZ? I haven't heard a YELLOW PAGES RANT? Why not?<BR/><BR/>Geez, you spineless bitches are just scared as hell of competition... that's why you bought the first competition you have in 30 years. I hope KOHD kicks your ass. And my God, stop running those ridiculous pieces where your news anchors claim to have been OR natives from Day 1, and hence can bring "authenticity" to your newscasts... THEY'RE TALKING HEADS for Gods sake, they barely comprehend what they're reading. Although that Molly Hendrickson chick is dead hot...IHateToBurstYourBubblehttps://www.blogger.com/profile/01660687201024720176noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-87783683775471065322007-10-05T08:00:00.000-07:002007-10-05T08:00:00.000-07:00Fuck You Bulletin.And KTVZ too.<B>Fuck You Bulletin.</B><BR/><BR/>And KTVZ too.IHateToBurstYourBubblehttps://www.blogger.com/profile/01660687201024720176noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-52630532674878053062007-10-05T07:59:00.000-07:002007-10-05T07:59:00.000-07:00A very interesting thing to watch coming from the ...<B>A very interesting thing to watch coming from the BULL the last two days is that they are hitting 'craigs-list' hard, to read the BULL you would think that free advertising was the cause of meth addiction in eastern-oregon.</B><BR/><BR/><BR/>Shit... I didn't even think of that! I actually went right to craigslist to see if there were The Endless Hoards Of Prostitutes & Child Pornographers The Bulletin claims... no. Nada. Nut'n.<BR/><BR/>Just the usual ass-ugly skanks just trying to get lucky. No hourly rates, or any of that Bull-shit-in.<BR/><BR/>Fuck You Bulletin.IHateToBurstYourBubblehttps://www.blogger.com/profile/01660687201024720176noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-32808961304008753692007-10-04T21:22:00.000-07:002007-10-04T21:22:00.000-07:00“There’s a common thread of optimism that Bend is ...“There’s a common thread of optimism that Bend is in a very good position to take the next step,” said LaPlaca, <BR/><BR/>*<BR/><BR/>We're on the verge of bankruptcy, and LaPlaca, a 35 year old with over 20+ years of director PR experience, is going to lead Bend off the cliff.<BR/><BR/>Bend is in a good position, bent over palms holding ankles, and ready to take what's coming.<BR/><BR/>Optimism, and a paid placement mention in Outside Magazine will not even get you a super-burrito in Bend.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-1781769273474923902007-10-04T21:18:00.000-07:002007-10-04T21:18:00.000-07:00Cessna say's that 'IF' they become the lowest prev...Cessna say's that 'IF' they become the lowest prevailing bidder, and their low-bid is accepted, over the other higher bids, then they'll keep the staff in Bend.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-12579391912981470772007-10-04T21:17:00.000-07:002007-10-04T21:17:00.000-07:00A very interesting thing to watch coming from the ...A very interesting thing to watch coming from the BULL the last two days is that they are hitting 'craigs-list' hard, to read the BULL you would think that free advertising was the cause of meth addiction in eastern-oregon.<BR/><BR/>There is a new demon in Eastern Oregon, and its 'craigs-list' people are using it to solicit 'sex' and in general to have fun. <BR/><BR/>Something MUST be done. The police have been notified.<BR/><BR/>What you have here is a geriatric town of blue-hairs that have to create a crisis because somebody out there somewhere might be having fun.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-37294519290109628602007-10-04T21:14:00.000-07:002007-10-04T21:14:00.000-07:00Taking the next step means entering states such as...Taking the next step means entering states such as Texas, Florida, Illinois and New York with more public relations, advertising, promotion and direct sales, LaPlaca said.<BR/><BR/>*<BR/><BR/>Fuck You calis, we don't want you to buy our fucking condos, we want tx,fl, il, ny to buy our fucking condos.Anonymousnoreply@blogger.com