Category: Proposition 13

Tragedy of the lords: Part 2, 7 out of 10 of the nation’s worst zip codes

30 October, 2014 (09:00) | Affordable Housing, California, CEQA, Development, Housing, Los Angeles, Markets, NIMBY, Proposition 13, US News, Zoning | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith You’ve started using your incompetence as a weapon I think I’ve underestimated you, Ned. I don’t know why it took me so long. You’ve started using your incompetence as a weapon. – Assistant District Attorney Lowenstein, Body Heat Yesterday’s criticism of Los Angeles’ epic failure of […]

Tragedy of the lords: Part 1, 47% of gross income for rent

29 October, 2014 (09:00) | Affordable Housing, California, CEQA, Development, Housing, Los Angeles, Markets, NIMBY, Proposition 13, US News, Zoning | No comments

By: David A. Smith You better take me up on this quick. In another forty-five minutes I’m going to give up and walk away. – Ned Racine, Body Heat In about forty-five years I’m going to give up Take something for granted long enough, pile it with ever greater burdens, obstruct it with ever longer […]

Twenty years into the muck hole: Part 2, Bad luck, it’s got to land on somebody

22 January, 2014 (09:00) | Alabama, Bonds, Cities, Infrastructure, Jefferson County, Municipal bankruptcy, Municipal bonds, Orange County California, Proposition 13, Sewer systems, US News |

  [Continued from yesterday’s Part 1.] By:David A. Smith Categories: Alabama, bonds, cities, infrastructure, Jefferson County, municipal bankruptcy, municipal bonds, Orange County California, Proposition 13, sewer, US news As we saw yesterday, Jefferson County’s bankruptcy was 18 years in the making, and 2 years in the doing, and the road to ruin and then redemption […]

Twenty years into the muck hole: Part 1, I want to talk some sense to him

21 January, 2014 (09:00) | Alabama, Bonds, Cities, Infrastructure, Jefferson County, Municipal bankruptcy, Municipal bonds, Orange County California, Proposition 13, Sewer systems, US News |

By:David A. Smith   While writing my magnum opus of Jefferson County’s pilgrim’s progress   through bankruptcy to reorganization and exit, I of course became totally absorbed in reading old newspaper articles, and came upon one, from Bloomberg (November 10, 2011) the day right after the filing, that is an unexpected gem for both its jumbled history of […]

Month in Review, December, 2012: Part 2, Globalized failures

8 February, 2013 (09:00) | Bankruptcy, Boston, CalPERS, Disaster response, Economics, Euro, Global news, Month in review, New York City, Proposition 13, Real estate taxes, Relief, San Bernardino, Slums, Speculation |

[Previous Months in Review available here: Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   [Continued from yesterday’s Part 1.]   In yesterday’s Part 1 of our economically grim December, we followed localized failures in Boston and New York City to the ultimate in personal […]