Comments on: Funny street view for an affordable San Jose house

By: nomadic

nomadic — Fri, 10 Jul 2009 23:43:29 +0000

Try the SC County assessor’s report I posted sometime over the last week:

http://www.sccgov.org/SCC/docs%2FAssessor%2C%20Office%20of%20the%20(ELO)%2Fattachments%2FAR%202008%20final.pdf

The county was up overall.

By: SiO2

SiO2 — Fri, 10 Jul 2009 23:11:07 +0000

Zanon, the SJ Merc had an article about assessments. either this week or last. It may have some more sources for data. Gilroy was down about 10% from 08 to 09. Most Santa Clara cities were slightly up. Not meaning that the actual value is up of course, meaning that the prop 13 assessment has not caught up with the actual value.

By: Trader Joe

Trader Joe — Fri, 10 Jul 2009 16:03:14 +0000

to all those earthquake naysayers, karma is a bitch.

By: zanon

zanon — Fri, 10 Jul 2009 15:24:04 +0000

I don’t think CA will file for bankruptcy. If it is allowed to accept it’s IOUs as (state) tax payments it can issue them indefinitely. I can’t see the Obama administration not helping CA on one hand, and not letting it help itself on the other.

There will be some compromise, taxes will go up, no one will riot, and the CA economy will continue to split between small areas of incredible productivity, and huge expanses of badly run zero.

Question: Does anyone know where you can get property taxes collected for Palo Alto by year? In some areas of California, even under Prop 13, property taxes are going down because there are enough new buyers that falling appraised valued are actually reducing taxes.

By: Alex

Alex — Fri, 10 Jul 2009 07:38:15 +0000

Don’t you guys worry. CA will file for bankruptcy soon enough. People will riot if taxes keep going up. And no one wants to give up their entitlements either.

Bankruptcy. Then hopefully start back at square 1.

By: Herve Estater

Herve Estater — Fri, 10 Jul 2009 06:33:12 +0000

> Herve Estater, thank you!

But, steve, you are very welcome!

Are you as outraged as I am about what’s on page 5 of the budget summary (“Consolidation of the Board of Geologists and Geophysicists into a related entity”)?

By: steve

steve — Fri, 10 Jul 2009 06:15:45 +0000

Herve Estater, thank you!

By: nomadic

nomadic — Fri, 10 Jul 2009 05:54:54 +0000

Have you seen the documentary Maxed Out? Our state is as over-extended as an 18-year-old (with no common sense) getting his first three credit cards!

By: Herve Estater

Herve Estater — Fri, 10 Jul 2009 05:48:07 +0000

http://www.ebudget.ca.gov/pdf/BudgetSummary/FullBudgetSummary.pdf

In 1998‑99, the state’s budget was balanced and projected to remain in balance.
Figure INT‑01 displays General Fund revenue and spending growth since 1998‑99.
As the figure shows, one year later, revenues increased by 23 percent, due to a stock
market and dot‑com boom that drove unprecedented increases in stock option and capital
gains income. These were magnified from a state revenue perspective, because the
state’s income tax system relies disproportionately on the very high‑end earners most
likely to receive such gains.

The surge in revenues resulted in massive – and unsustainable – new spending
commitments. When revenues declined, the state relied mostly on one‑time
measures, such as borrowing, to temporarily reduce spending without cutting
back underlying program commitments. Thus, the structural deficit was born.

When revenue growth again surged in
2005‑06, much of the growth was used
to repay loans and backfill for the loss of
temporary cost‑saving steps.

By: DreamT

DreamT — Fri, 10 Jul 2009 05:01:46 +0000

if it happens, that barbecue smell in the backyard is going to get quickly annoying