Category: Proposition 13

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 [...]

Month in Review, December, 2012: Part 1, Localized failures

7 February, 2013 (12:33) | 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   Housing issues – and this is a housing blog, remember [Who are you reminding – yourself? – Ed.] are inherently place-based, so it’s appropriate to start our review of the [...]

Innumeracy precedes insolvency: Part 4, those who obstruct, expire

7 December, 2012 (10:05) | Bankruptcy, California, CalPERS, Cities, Local issues, Proposition 13, public employee unions, Real estate taxes, San Bernardino, Subprime |

By:David A. Smith   [Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.]   Now, after three parts, we come to the piece’s true villain, as the material already presented from an extensive story in Reuters (November 13, 2012) has established that elected innumeracy led to public-employee overpayment, which led to [...]

Innumeracy precedes insolvency: Part 3, those who obfuscate, obstruct

6 December, 2012 (09:30) | Bankruptcy, California, CalPERS, Cities, Local issues, Proposition 13, public employee unions, Real estate taxes, San Bernardino, Subprime |

By:David A. Smith   [Continued from yesterday's Part 2 and the preceding Part 1.]   As we saw in yesterday’s Part 2, based on a clinical Reuters (November 13, 2012) story, if the only consequence of grossly over-benefiting the public employees of San Bernardino were to overpay them, then it would be excessive and nothing [...]

Innumeracy precedes insolvency: Part 2, those who overspend, obfuscate

5 December, 2012 (09:30) | Bankruptcy, California, CalPERS, Cities, Local issues, Proposition 13, public employee unions, Real estate taxes, San Bernardino, Subprime |

By:David A. Smith   [Continued from yesterday's Part 1.]   Yesterday’s post on the San Bernardino bankruptcy filing, using a thorough Reuters (November 13, 2012) story as source material, had reached the finding that innumeracy always precedes insolvency … and platforms us to dive deeply into the deceitful cabal (elected officials, public employee unions, and [...]