tag:blogger.com,1999:blog-3449433527135568372.post9091422603538027803..comments2023-07-07T00:32:17.629-07:00Comments on BendBubble2: Bend City Council: WE WILL LEAVE NO BUTT UNFUCKEDUnknownnoreply@blogger.comBlogger156125tag:blogger.com,1999:blog-3449433527135568372.post-64376664803428072612007-09-02T09:26:00.000-07:002007-09-02T09:26:00.000-07:00Given that the average mini-mi mcMansion in Bend w...Given that the average mini-mi mcMansion in Bend was trading for +$500k in 2005, and that these flippers were all shooting for a cool million on flip.<BR/><BR/>There are NO buyers even at $421k ( jumbo thresh-hold ), because above that there are NO loans.<BR/><BR/>For months I have been saying the natural price of a Bend home is 40X of median income, which is still around $200K.<BR/><BR/>Somewhere between $200K and $400k is a no-mans land. Above $400k is just a waiting game until the seller drops. Problem is MOST buyers, bought these mc-mansions for nuttin down, so they can't REFI, or drop the price.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-88351114659664228552007-09-02T09:22:00.000-07:002007-09-02T09:22:00.000-07:00I love the part about CACB offering JUMBO loans be...I love the part about CACB offering JUMBO loans because they're no longer available.<BR/><BR/>CACB is going to use OPM to finance homes in Bend, so that BUYERS can buy over-priced homes.<BR/><BR/>Problem is no national firm wants over-priced jumbo loans on their portfolio.<BR/><BR/>This is a CACB SELL order, or its just reassuring fluff. Note, they say 'good buyers', but they say nothing about 20% down, which on a jumbo is $80K or more down cash, something that good-buyers don't have.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-84192940365972421232007-09-02T09:18:00.000-07:002007-09-02T09:18:00.000-07:00Lenders are requiring pre-leasing agreements on 20...Lenders are requiring pre-leasing agreements on 20 percent to 50 percent of the building’s space, depending on its type, along with up to 25 percent of owner equity, in the form of hard cash or “soft” contributions, like land, before they will release funds for construction<BR/>*<BR/>99% of the players were using OPM to finance the deals, with NO hope of selling anything until project is done.<BR/>Now ALL projects MUST be 'pre-sold', you note they're saying 'pre-lease' in other words YOU have to find a sucker to sign a 5-10 year triple net lease on a building that doesn't exist, and pony 25% of your own collateral.<BR/><BR/>Note also that the requirement for pre-sell/pre-lease is 20-50% of units... No WAY IN HELL. Just drive and look at the finished buildings sitting empty.<BR/><BR/>"We have NO problem getting money under the bank terms, problem is its not possible"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-85500462062733353682007-09-02T08:24:00.000-07:002007-09-02T08:24:00.000-07:00Love the article. Tone is reassuring. Facts are sc...Love the article. Tone is reassuring. Facts are scary as hell.<BR/><BR/>Can you imagine how this article, with the same facts, could have ben written as a Greek tragedy, a horror movie, or a David Lynch film?timhttps://www.blogger.com/profile/04558612755834018291noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-90354476541861036982007-09-02T08:13:00.000-07:002007-09-02T08:13:00.000-07:00Region weathering credit jittersThanks for this......<B>Region weathering credit jitters</B><BR/><BR/>Thanks for this... :-)IHateToBurstYourBubblehttps://www.blogger.com/profile/01660687201024720176noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-28442002033424888322007-09-02T06:11:00.000-07:002007-09-02T06:11:00.000-07:00-------------Region weathering credit jittersResid...-------------<BR/><BR/><B>Region weathering credit jitters</B><BR/><I>Residential, commercial loans are tighter but still flowing</I><BR/>By By David Fisher / The Bulletin The Bulletin<BR/>Published: September 02. 2007 5:00AM PST<BR/><BR/>Wall Street’s credit markets continued to creak along last week, still laboring to put a price on weakness in the nation’s mortgage lenders.<BR/><BR/>Meanwhile, on Central Oregon’s Main streets, most types of lending have suffered little direct fallout from Wall Street’s jitters, said Bank of the Cascades Chief Financial Officer Greg Newton and Compass Commercial Real Estate Services Principal Broker Bruce Kemp.<BR/><BR/>Loans, backed mainly by local bank deposits, continue to flow into the region’s businesses, supporting commercial building projects, business operations and construction, Newton and Kemp said, although construction lending has been crimped by the slow housing market, and weakness is beginning to show in commercial leasing and in the pace of commercial and industrial property sales.<BR/><BR/>Retail mortgage shops, along with some mortgage borrowers, in Central Oregon as well as in the nation as a whole have taken the biggest and strongest blows so far from the nation’s credit jitters.<BR/><BR/>In Deschutes County alone, the number of licensed mortgage originators dropped from 319 at the end of March to 257 on Thursday morning, Oregon Division of Finance and Corporate Securities spokeswoman Lisa Morawski said — a 19.4 percent drop in five months.<BR/><BR/>The reason is clear.<BR/><BR/>The number of property deeds filed so far this year in Deschutes County — a reflection of activity in the mortgage lending market — is off nearly 24 percent from the pace of 2005 and 2006, according to Deschutes County Clerk’s Office records.<BR/><BR/>That’s partly due to an overall pullback in the pace of housing sales this year, Welcome to M Mortgage owner Bob Hollowell said. But it’s also a reflection of the fact that Wall Street investors, stung by foreclosures in the weakest “subprime” classes of mortgage loans, have shied away from buying all but the most solid mortgage packages over the past six weeks, leaving mortgage brokers with fewer tools to sell and, in some cases, putting clients in a bind.<BR/><BR/>Borrowers with ample down payments and high credit scores are having no problems finding loans and, in fact, are getting cheaper interest rates this summer, Hollowell said, particularly if they are borrowing less than the $417,000 maximum-sized loans that the federally chartered mortgage giants Fannie Mae and Freddie Mac are allowed to buy in the secondary debt markets.<BR/><BR/>Anyone else, though, has been in for an adventure over the past several weeks.<BR/><BR/>“Anything that has any sort of risk to it is where we are having problems,” Hollowell said.<BR/><BR/>Interest rates on so-called “jumbo” loans — $417,000 or more — have shot up to 7.5 percent to 8 percent, Hollowell said, even for borrowers with good credit.<BR/><BR/>Lenders are raising standards on the borrowers they will accept, generally insisting on higher credit scores and more money down, Hollowell said, and most seem to be casting a more skeptical eye on underlying home values, as well. One of his lenders reduced the appraised value on a client’s home from $1.3 million to a lender estimate of $750,000, he said — an “extreme example” that failed to scuttle a deal, but still an indication of the market’s increasing sense of caution.<BR/><BR/>“Until investors kind of come back to the table,” Hollowell said, “buyers will just have to take it.”<BR/><BR/>Taking it may not be easy for some.<BR/><BR/>Certified Financial Services broker Trena O’Bill lost loans for three clients — two who were buying new homes and one refinancing an old loan — in the final stage of funding when American Home Mortgage suddenly went under earlier this month.<BR/><BR/>O’Bill said she got the three into other loans, at worst delaying their deals. But for other clients, bad news may be on the way. She’s going through her client list, calling people who will soon face potentially large payment hikes in their adjustable rate mortgages.<BR/><BR/>One couple, for example, could face a $500 payment increase in December on the mortgage they took out on 100 percent of their home’s value two years ago, O’Bill said.<BR/><BR/>They once thought they would easily be able to refinance their way into a cheaper, more stable loan before their current loan reached its adjustment date, helped by equity created by the home’s rise in price, O’Bill said. But, as many borrowers are finding out this summer, jumping to a new loan has become much more difficult and home values aren’t necessarily the bailout cure.<BR/><BR/>O’Bill is going back to the basics, trying to fit more clients, including that couple, into conservative FHA loans, possibly with help from family members. New clients are getting primers in basic budgeting before she’ll talk about a mortgage — a step sometimes skimmed through in the days of easy money and ever-rising home prices.<BR/><BR/>The basic goal now, O’Bill said, “is to just get creative ideas on how do we get through the cycle?” What I’m reminding clients is that real estate is cyclical, and we kind of forgot that.”<BR/><BR/><I>Jitters on ‘The Street’</I><BR/><BR/>So, apparently, did large investors.<BR/><BR/>Over the past decade, most loans originated on America’s Main streets by mortgage brokers have been packaged together and sold, in the form of interest-bearing bonds, to investors — a process called securitization.<BR/><BR/>Up until midsummer of this year, the biggest investors — hedge funds, pension funds, and others — seemed happy to gobble up bonds with potentially weak “subprime” loans bundled with slightly stronger “alt-A” loans, bundled with stronger top-quality loans, because those bonds could bring slightly higher-than-market interest rates, Signet Mortgage Senior Vice President Dave Woodland said. But reports of unexpectedly high defaults in the subprime sector, followed by reports of weakness in alt-A and better loans earlier this summer caused a sudden retreat of bond buying, leaving mortgage firms and their customers in the lurch.<BR/><BR/>More than 120 mortgage lending firms have failed over the course of the year, generally because the credit lines they depend upon to supply the upfront money to fund mortgages before they are sold have dried up, Woodland said.<BR/><BR/>Most lenders have increased their underwriting standards in an attempt to produce higher quality loans for the resale market, but the credit crunch on Wall Street has punished virtually all sectors of the mortgage market as investors have shied away from taking on new risk while they try to assess exactly how much risk of further defaults they currently own.<BR/><BR/>Ironically, the availability and price of so-called “conforming” loans — loans of $417,000 or less to borrowers with good credit and at least a 20 percent down payment — has actually improved. Interest rates on those loans have declined steadily, dropping from a national average of 6.73 percent on 30-year loans on July 12 to 6.52 percent last Thursday, according to the federally chartered lending giant Freddie Mac.<BR/><BR/>That, Hollowell said, is happening because big investors — hedge funds, pension administrators, life insurance companies — are fleeing toward high-quality debt to gain shelter from the turmoil, and loans that conform to Freddie Mac and Fannie Mae guidelines are still considered solidly safe.<BR/><BR/><I>Commercial projects</I><BR/><BR/>On Wall Street, the trade in asset-backed commercial paper — a market tool that typically helps to keep investment money readily available to fuel all sorts of corporate transactions — continued to slog through its steepest slump in seven years last week, Bloomberg News Service reported. That’s leading some economists to speculate that the Federal Reserve will come under greater pressure to lower short-term interest rates to keep the mortgage market’s credit woes from spreading to other businesses, including commercial lending.<BR/><BR/>In some areas, though, money is still flowing.<BR/><BR/>Bend‘s Mercato project — a 200,000-square-foot retail, office and residential condo project on the northeast side of the Old Mill District — has a financing commitment from the Australian investment bank Macquairie to finance the bulk of the project’s $75 million in construction costs, once pre-leasing standards are met, developer Steve Trono said.<BR/><BR/>The lending standards are stiff for large projects, and they are stiffening throughout the country as credit conditions in the investment markets deteriorate, Trono said, but the standards are still reachable. Lenders are requiring pre-leasing agreements on 20 percent to 50 percent of the building’s space, depending on its type, along with up to 25 percent of owner equity, in the form of hard cash or “soft” contributions, like land, before they will release funds for construction, he said.<BR/><BR/>“It’s a tighter lending environment locally and also nationally,” Trono said. “But doing the pre-leasing tests our business plan. If it takes longer, then so be it. At least when I embark on it, the risk will be mitigated.”<BR/><BR/>Others in the commercial arena are finding different paths to financing.<BR/><BR/>Bend-based Baney Hotels is self-financing the construction of its $12 million Oxford Hotel in downtown Bend, President Curt Baney said, but not because of any tightness in the credit markets. Because of the risks involved for the banks, construction loans are always expensive and cumbersome to administer, Baney said, so the 17-hotel chain typically self-finances its projects through the construction phase, then borrows against the buildings once they are complete.<BR/><BR/>Jon Jurevic, chief financial officer for The ODS Cos., said his company also plans to close on the loan for its new five-story, $25 million building in Bend’s Old Mill District this month.<BR/><BR/>“All the flare-up in the financial markets and subprime and all that has had absolutely no effect on us,” Jurevic said.<BR/><BR/>Meanwhile, some financial institutions are beginning to step in to heal the mortgage problems, at least in small ways.<BR/><BR/>Bank of the Cascade is planning to roll out a new jumbo mortgage product, in part “because we know good, creditworthy folks out there are finding difficulty doing mortgages right now,” Newton, the bank’s CFO, said, but mortgages are likely to remain a small portion of its business as it concentrates on business customers and retail banking customers.<BR/><BR/>Although Bank of the Cascades, along with most local banks, funds its business loans with bank customers’ deposits — a factor that distances them from the Wall Street trading — credit costs are likely to tighten in general as money becomes harder to get, Newton said.<BR/><BR/>And the fallout from the cool housing market, along with the current credit problems, has already begun, to an extent, to make itself felt in the rest of the local economy, Compass Commercial’s Kemp said. The flow of tax-free exchange money into the local commercial market has slowed, partly because real estate activity is down everywhere.<BR/><BR/>Partly due to slumps in the local housing market, and the businesses that support it, new commercial office leases aren’t being snapped up as fast as they were earlier this year. There’s downward pressure on the price of raw land, and some potential builders of large commercial projects are nervous about the tightening availability of investor money that has helped keep credit costs down in the past.<BR/><BR/>“Long term, we are bullish on the Central Oregon market, but right now it’s time to take a breather,” Kemp said. “Time will wash it out.”Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-67119794842627492352007-09-01T21:13:00.000-07:002007-09-01T21:13:00.000-07:00I'm sure once people have bought the 60 properties...I'm sure once people have bought the 60 properties for sale (not counting FSBO), building will start again.<BR/><BR/>Why don't they just drop the prices on those overpriced houses?timhttps://www.blogger.com/profile/04558612755834018291noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-11636307434323486582007-09-01T07:15:00.000-07:002007-09-01T07:15:00.000-07:00You guys might like this, I was walking up in NWXC...You guys might like this, I was walking up in NWXC and talking with someone who lives there, and they told me that ALL building on the undeveloped land east of NWXC is now on permanent hold.<BR/><BR/>They can not sell what they have built, and there will be NO more building, that means for the next 5+ years all that empty land east of NWXC will stay empty.<BR/><BR/>I notice myself that the gravel-pit, which used to be busy east of NWXC, near the mormon church has been absent of heavy equipment all summer.<BR/><BR/>Good News, Brooks Resources has SENT all the weapons of mass destruction to madras and prineville.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-66957401671348020502007-08-31T10:22:00.000-07:002007-08-31T10:22:00.000-07:00“Unfortunately, a new comer to our neighborhood, a...“Unfortunately, a new comer to our neighborhood, apparently unaware of the historical and daily use of the canal, is harassing us, threatening us, and blocking our use of the canal road.”<BR/>*<BR/>Yeh, what can you say? "Newcomer", cali, got a good deal, they do the same thing in cali, buy some beach front property and throw up a sign, where people have played for years.<BR/>I wonder is this guy who has been here four years, is in one of those new fucking homes on the fucking canal?<BR/><BR/>The problem of course is that the apts, condos, and subdivisions on the canal are dumping trash, and causing overflow/blockage at the culverts.<BR/><BR/>It's only a matter of TIME before EVERYONE is banned access to the canals, its that or pipe them.<BR/><BR/>I think this is just prelude to the issue. The canal was here first, long before MR-4yr, the canal has the right of way, the city fucked up by allowing all the homes on top of the canal, and implicitly MAKING NEWBIES THINK that the canal is their fucking park.<BR/><BR/>I'm not saying the cali 4yr isn't an asshole, but the guy probably is going out of his mind with all the yahoos on their quads driving through his back yard. Honestly he should have spent more time in the back yard before he bought the property.<BR/><BR/>Long term ...<BR/>1.) the canals will get piped<BR/>2.) the canals are NOT a public park, COID is very upset about the housing densification along the canals<BR/>3.) the city is out of its fucking mind, and will do nothing until an ordinance is created that generates $500 tickets, then you'll see lots of cops on the canalAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-6941253544119260742007-08-31T10:03:00.000-07:002007-08-31T10:03:00.000-07:00It's a sad commentary on today's youth that they'r...It's a sad commentary on today's youth that they're out spray-painting swastikas in Sisters instead of TPing this guy's house.<BR/>*<BR/>Why is it SAD?<BR/><BR/>You displace junior from SoCal, and move to Sisters.<BR/><BR/>Junior is BORED out of his fucking mind.<BR/><BR/>Note, closely Sisters will be the LA-PINES of tomorrow, while LA-PINES becomes a christian mecca of bible thumpers.<BR/><BR/>Sisters will become a soddom&gomorah for RE HO's and their SPAWN.<BR/><BR/>What ye shall sow, so shall thy reap.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-47759496279296369512007-08-31T09:58:00.000-07:002007-08-31T09:58:00.000-07:00It's a sad commentary on today's youth that they'r...It's a sad commentary on today's youth that they're out spray-painting swastikas in Sisters instead of TPing this guy's house.<BR/><BR/>*<BR/><BR/>I think there's going to be a lot more tagging EVERYWHERE.<BR/><BR/>This WHOLE NAZI, thing about NAZI-DAYS and running the jews was not a necessarily a joke.<BR/><BR/>Months ago we identified that the WAY this city is being ran is very smug and nazi like.<BR/><BR/>It's just a matter of time before the kids start giving the 'riche' a piece of their own.<BR/><BR/>Whether is a red-neck bashing up a gated community with his 4by4, or a punk with spray paint.<BR/><BR/>I find it very re-assuring that there are people out there that will use what tools they have to achieve parity with OUR beautiful system and its beautiful people, sic condo-ho's.<BR/><BR/>The fact is YES, the elite want red-neck out of Central_Oregon, but its JUST like the fires in GREECE, the locals say, ok you can buy our forest and our country, but it will be scorched.<BR/><BR/>Likewise the 'riche' will get their BEND sans red-neck, but what will be left will be a swastika HELL.<BR/><BR/>I mention greece because that's why the fires are happening we're going on EU displacement now for 20+ years, inflation has sky-rocket greek red-necks driven out of the village by german-tourist, fine they move on but burn it all down, after the good german has bought.<BR/><BR/>This is how people are, world over. The SMUG elite of BEND are happy to push out the red-neck, but in the END the last red-neck leaving, will leave the elite with that which they sowed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-31570329795905896202007-08-31T09:28:00.000-07:002007-08-31T09:28:00.000-07:00Bet you the city finds some way to overturn the DA...Bet you the city finds some way to overturn the DA and finds a way to fine people who use the canal trails. I keep saying Bend city wants no averaqe working class people in Bend. It takes years to move people out, this will just be one more thing in the city's pocket. And yea the guy is an ass hole, like most big city dudes he wants to be in control, just keep him on your side of the mountain please.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-68478048425558077852007-08-31T09:18:00.000-07:002007-08-31T09:18:00.000-07:00That asshole in the bulletin article should go bac...That asshole in the bulletin article should go back to where he came from. People have been using that trail for 30 nyears and now this prick needs to excercise his "rights". I find it hilarious though that the DA essentially told this guy "kiss my ass, I will keep on using the trail just like I always have". Welcome to Bend dickweed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-3620215737945330082007-08-31T07:37:00.000-07:002007-08-31T07:37:00.000-07:00++How ya like this prick from California?Is there ...+<BR/>+<BR/><A HREF="http://www.bendbulletin.com/apps/pbcs.dll/article?AID=/20070831/NEWS0107/708310487/nav_category=&template=print" REL="nofollow">How ya like this prick from California?</A><BR/><BR/>Is there such thing as a neighborhood blanket party? <BR/><BR/>It's a sad commentary on today's youth that they're out spray-painting swastikas in Sisters instead of TPing this guy's house.Bend Economy Manhttps://www.blogger.com/profile/06444426668314688251noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-49008182994695227322007-08-31T06:24:00.000-07:002007-08-31T06:24:00.000-07:00its funny, cute, but there really is no informatio...<B>its funny, cute, but there really is no information.</B><BR/><BR/>Much like Paul-doh himself....IHateToBurstYourBubblehttps://www.blogger.com/profile/01660687201024720176noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-32741998661608512112007-08-30T21:25:00.000-07:002007-08-30T21:25:00.000-07:00Brand new old-mill home, a year ago they were aski...Brand new old-mill home, a year ago they were asking close to $500k, now almost 1/2 off! Those medians don't mean nothing, RE is already -40% DOWN, and STILL NOT SELLING.<BR/><BR/>Welcome to the new Bend, build it, and they will RUN.<BR/><BR/>*<BR/><BR/>$279900 Brand new home close to Old Mill and community park<BR/>Reply to: fanderson@bendcable.com<BR/>Date: 2007-08-30, 6:02PM PDT<BR/><BR/><BR/>Brand new 1400 square foot, 3bed/2bath home with solid granite countertops in kitchen! Ride your bikes to the Old Mill District! Walk out your front door to a wonderful park just a block away!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-1024614889372752052007-08-30T15:24:00.000-07:002007-08-30T15:24:00.000-07:00What about Mt-B, we knew the other day they were g...What about Mt-B, we knew the other day they were going to raise prices.<BR/><BR/>I have talked with dozens of folks that have said NEVER A FUCKING TIME AGAIN will they get a season pass.<BR/><BR/>This past winter all stuff was shutdown almost all during the week, so people who got week-day passes got fucked, you have to go 20 times just to break even, and lets be honest not many do.<BR/><BR/>We know from the other day that Powdrz is going to make Mt-B focus more on summer, I don't see them investing anymore money in MT-B for ski,<BR/><BR/>Besides the fucking point, the problem last season wasn't equipment, it was that NOBODY was at the lifts they only had a few mid-week, and thus the mid-week lines were actually longer.<BR/><BR/>NEVER A FUCKING AGAIN,<BR/><BR/>Remember we only have one fucking ski area, and its fucked.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-73604625149026031752007-08-30T15:09:00.000-07:002007-08-30T15:09:00.000-07:00We're in that awkward "waiting" time. Everyone fin...We're in that awkward "waiting" time. Everyone finally knows it's going to fall, but it's a dreadfully slow tumble.<BR/>*<BR/>During the great-depression they called this period the RE-Paralysis.<BR/><BR/>Folks refused to drop prices, and buyers waited, years went by until things finally fell through, usually by that time the buyers had spent their money on something else.<BR/><BR/>Smart folks drop now, and get out, those that cannot drop are on zero-down, and thus have no where to go, but wait for default.<BR/><BR/>RE PARALYSIS.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-49841018584403999732007-08-30T15:05:00.000-07:002007-08-30T15:05:00.000-07:00what about that rumor the other day on bendbb that...what about that rumor the other day on bendbb that 200 construction guys at a large firm are getting axed this week, was it confirmed? if so who is next?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-40798542861478762042007-08-30T15:02:00.000-07:002007-08-30T15:02:00.000-07:00Or reduce expenses? We’ve just started conversatio...Or reduce expenses? We’ve just started conversations with the city.”<BR/><BR/>*<BR/><BR/>If it was a fucking business, and your sales are down +50%, and you know they're NOT coming back for 10+ years, you cut and cut fucking quick,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-57873900618458304662007-08-30T15:00:00.000-07:002007-08-30T15:00:00.000-07:00imothy said... We're in that awkward "waiting" ...imothy said...<BR/><BR/> We're in that awkward "waiting" time. Everyone finally knows it's going to fall, but it's a dreadfully slow tumble. <BR/>*<BR/>Defaults for 2006 will not hit until 2011, and then it takes 1-2 years to evict them.<BR/>Be patient grasshopper.<BR/>That said, if there are subject?<BR/>Quite often I feel that DOH is afraid to piss off the status-quo, I mean this post, it really doesn't say anything, its funny, cute, but there really is no information.<BR/><BR/>One of the subjects I have tried to get DOH to discuss is 'bailouts', but he's afraid of pissing people off.<BR/><BR/>Certainly the story about less permits, and the city's wanting to keep they're income level up,... During the past five years they built TOO MANY NEW GOVERNMENT buildings, and hired TOO MANY people.<BR/><BR/>Time to lay people off, time to cut back and get used to the new level of building permits, as its ONLY going to get worse.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-42083639281539468992007-08-30T13:52:00.000-07:002007-08-30T13:52:00.000-07:00We're in that awkward "waiting" time. Everyone fin...We're in that awkward "waiting" time. Everyone finally knows it's going to fall, but it's a dreadfully slow tumble.timhttps://www.blogger.com/profile/04558612755834018291noreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-15618492913116763342007-08-30T13:47:00.000-07:002007-08-30T13:47:00.000-07:00Timothy said... OK Paul, getting boring here. N...Timothy said...<BR/><BR/> OK Paul, getting boring here. Need a new post!<BR/><BR/>*<BR/>It's a slow time of year, besides how much can you kill a dead horse?<BR/><BR/>The current post albeit cute, really doesn't say anything, semper-fi becomes semper-fudge, doh like them BIG, ...<BR/><BR/>I hate to shit on anyones parade, but there are NO specifics, with the exception of the median data, which had been published the prior sunday.<BR/><BR/>Doh works hard on these posts, you know he must spend at least 4 hours every sunday doing this, I don't think more will enliven the debate.<BR/><BR/>Problem is this is peak vacation time, and most people have a life, other than the net.<BR/><BR/>How about you 'TT', why don't you propose a subject??<BR/><BR/>I think that the job is being done, we have relentlessly covered the SDC issue, the permits are down, and the money is no longer there, the contractors have no cash-flow, no worry about passing the cost, as there are NO buyers, <BR/><BR/>What your witnessing here is desperation to find someone anyone to cover everyones financial ass.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-19221875507257555862007-08-30T13:40:00.000-07:002007-08-30T13:40:00.000-07:00The costs would likely be passed along to home buy...The costs would likely be passed along to home buyers, said Andy High, director of governmental affairs for Central Oregon Builders Association.<BR/>*<BR/>FUCKING about time, $12k was being passed during the last five years at a real cost of $60k, trouble is the DEVELOPER/BUILDER doesn't have the fucking cash to advance, ITS always passed to the fucking BUYER hello?<BR/><BR/>In Bend of course its fucking passed to the other guy, called the fucking tax payer.<BR/><BR/>These guys are so fucking full of shit, I wish we had somebody in the mainstream media that fucking had a clue or cared.<BR/><BR/>Ok, so for the past five years in bend alone the whole fucking process was subsidized by a tune of 250 MILLION fucking dollars ( 5,000 home $60k-$12k=$48k ), truth is MORE than 5,000 shacks were created, ... the 5,000 and $250M is just to give you an idea of how fucking big this subsidy to keep houses cheap, in order to maximize permits was, fucking huge numbers just to keep churning out houses, and make a fortune for Brooks Resources.<BR/><BR/>The whole fucking deal in bend was to keep growing and subsidizing, and passing the cost on to the last fucking buyer, but the whole game collapsed, and now the fucking CITY has to pay the fucking piper.<BR/><BR/>Now what we'll have to do is charge $100k SDC per home, ...<BR/><BR/>So the fuck what, somebody should have got off their lazy ass years ago and quit fighting the moratorium, now we have tons of bills and future permits are going to cost a fortune.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3449433527135568372.post-73935178225392888922007-08-30T13:24:00.000-07:002007-08-30T13:24:00.000-07:00Ma dartagnan said...It appears that that me & you ...Ma dartagnan said...<BR/><BR/>It appears that that me & you are siamese twins sharing a common asshole.<BR/><BR/>I completely fucking agree with you, that 'bend should have a multi-modal system, and NOT just a fucking plan, by the way, where is that fucking plan??'<BR/><BR/>Bend is about the car, the OUTCOME of bend is everything FUCKING thing that GOAL-12 is NOT supposed to be, goal-12 says don't put ALL your eggs in one basket, but BEND hates the bike, walking, if BEND cared about pedestrians they would put stop-signs at the round-abouts, nobody ever fucking stops, they're looking left NOT straight-ahead at the cross walk.<BR/><BR/>The BEND pigs ticket bikes for not having a license for $600, and tickets dogs for $400, but you can speed in your car and never get a ticket in bend, and if you do, your talking around $100.<BR/><BR/>Yes I agree that Goal-12 and BEND don't have a fucking thing to do with each other.<BR/><BR/>p.s. an administrative rule ISN'T fucking LAW, it tells and an administrative agency, in this case LCDC how to do there fucking job.<BR/>Goal-12 is a wish list of the way folks prayed that Oregon would become back in 1972, I would say that like most things goal-12 is a hollow fucking document.Anonymousnoreply@blogger.com