Wednesday, November 04, 2009

ConsumerMan: Chinese drywall a big threat - ConsumerMan- msnbc.com

ConsumerMan: Chinese drywall a big threat - ConsumerMan- msnbc.com: "The problem is enormous. It’s estimated that as many as 100,000 homes across the country, built between 2004 and 2008, could have defective and potentially dangerous Chinese drywall.

The bad wallboard has excessively high levels of sulfur. Homeowners complain the fumes given off make them sick and corrode the copper in home wiring, fixtures and appliances, including computers, televisions and air conditioners."

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What percentage of these homes--new, built between 2004 and 2008--are in CIDs? I would say nearly all, but I wonder what others have to say. Needless to say, the lawyers are all over this.

Drive-bys in the Poconos

Update: Police search for suspect in drive-by shooting of 17-year-old in Emerald Lakes Monday | PoconoRecord.com: "LONG POND -- Police are seeking the public's help with an apparent drive-by shooting of a 17-year-old teen as he rode a motorized scooter on Glade Drive South in the Emerald Lakes private community Monday night...The Emerald Lakes development was the scene of another shooting over the weekend in which four people were wounded outside a private party around 12:45 a.m. Sunday."
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Hmmmmm. Private parties, private community...drive by shootings?
Thanks to Cynthia Stephens for this link.

Daily Herald | Utility tax moves forward in Antioch, IL

Daily Herald | Utility tax moves forward in Antioch: "The village has cut the equivalent of 20 full-time positions in the last two years, Keim said. Officials have also cut nearly $500,000 in spending this year.

With the failure of Neumann Homes, the stalled Antioch Market Place shopping center project and a decline in revenue from building permits, Keim said the village is on target to finish their fiscal year nearly $500,000 in the red. The total operating budget is just over $10.5 million.

'We can't close that gap,' he said."

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So Antioch is raising taxes. In a recession. In a working class/middle class community where people are struggling to survive as it is. And note the story I posted below: corporate developer/bad citizen Neumann Homes is partly to blame for Antioch's dire straits, but Neumann is suing Antioch for return of its impact fees. Nerve? Oh, yes.

Daily Herald | Communities try to help as suburban foreclosure crisis grows

Daily Herald | Communities try to help as suburban foreclosure crisis grows: "Elgin is using federal money to help rehab foreclosed homes. Lake County intends to use stimulus funds to acquire, fix up and resell abandoned or foreclosed properties. Prosperous towns like Geneva, Schaumburg, Wheaton and Naperville are looking for ways to direct desperate homeowners to community resources."
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Foreclosures are up 18% in the third quarter. Of 2009. Tell me more about this so-called "recovery" we are enjoying?

Daily Herald | Bankrupt Neumann Homes sues towns to return impact fees


Daily Herald | Bankrupt Neumann Homes sues towns to return impact fees: "Neumann Homes Inc., which had been one of the 10 largest homebuilders in the Chicago area before filing bankruptcy last year, has sued more than two dozen municipal governments on a theory that, if valid, could be another hit in already-depressed local budgets.

Neumann, based in Warrenville, sued towns including Antioch; Naperville; Kenosha, Wis.; and Aurora, Colo., to get back impact fees, according to documents filed in U.S. Bankruptcy Court in Chicago."

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This photo shows what they left behind in the subdivision close to my house. They wrecked a huge natural landscape and left it looking like the moon. Then they went bankrupt. Antioch had to fix bad drainage problems, plow snow, etc., and they are in huge budget trouble (see my post above). Now Neumann is suing for their impact fees. From where I sit, Antioch should be suing Neumann for the "impact" they made.

And here is the supreme irony: Antioch tried to stop this development from the outset, refusing to permit it. Neumann Homes sued Antioch and won, with some judge cramming the development down the village's throat. So, this corporate bad citizen sued to impose the development on everybody, then went bankrupt, leaving a devastated landscape, bereft owners, and a village in trouble. And now...they sue Antioch again to get their impact fees back.

This is why people don't like real estate developers. Or their lawyers.

Tuesday, November 03, 2009

Illinois budget

Just got a message from the President of the University of Illinois system. Good news: no furloughs before the end of 2009. Bad news: the state owes the U of I system $317 million that has been billed but not paid.

They haven't paid our dental plan, either, which is why the dental plan won't pay my kids' dentist.

But look at the up side. The state legislature just guaranteed all seniors free rides on public transportation, no matter how rich they are.

Sunday, November 01, 2009

The Golden State isn't worth it -- latimes.com

The Golden State isn't worth it -- latimes.com: "Joel Kotkin of NewGeography.com and Chapman University told the Los Angeles Times in March: 'Twenty years ago, you could go to Texas, where they had very low taxes, and you would see the difference between there and California. Today, you go to Texas, the roads are no worse, the public schools are not great but are better than or equal to ours, and their universities are good. The bargain between California's government and the middle class is constantly being renegotiated to the disadvantage of the middle class.'"
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Blockbuster article that shows why California's entire model of political economy has failed.

Saturday, October 31, 2009

Should I Stay or Should Furlough Now? | NBC Chicago

Should I Stay or Should Furlough Now? | NBC Chicago: "One of the more controversial pieces of Mayor Daley’s 2010 budget is the requirement for all city workers to take 24 unpaid furlough days.

The only city workers who have been spared from what amounts to an entire month off without pay are the city’s police and firefighters. But that could change.

A representative for the city budget office says the city is in negotiations with police and fire unions to accept furlough days."

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Daley was counting heavily on the Olympics to provide the an influx of private and public revenues that he could distribute to his connected friends. Now he has to face the city budget debacle.

H1N1 Vaccinations To Be Offered To Guantanamo Bay Detainees

H1N1 Vaccinations To Be Offered To Guantanamo Bay Detainees
How nice. The Lake County Health Department canceled the vaccinations they were going to hold this weekend because they can't get enough vaccine. People had to stand in line at 3am on Thursday for the 8am clinic openings. Then they gave people wristbands. Then they ran out of vaccine.

Same thing all over this area, and across the nation.

Do you know what the press and the congressional Democrats would be saying about this situation if Bush were still President?

Dollar Homes Lack Buyers | NBC Chicago

Dollar Homes Lack Buyers | NBC Chicago: "Officials in suburban Barrington put three homes up for a sale at just a dollar a piece - a dollar! - and didn't get a single bidder."
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But there is a catch. All you get is the house, not the land, and you have to move the house out of the "historic" downtown area. The houses are going to be demolished for new development.

Lindenhurst goes HOA

Home Owners Associations
I live in this little exurb. Now I see that the Village of Lindenhurst has added a link to its home page for "Home Owners Associations." So far only two HOAs have appeared on the links page. I imagine the list will grow. The connections between cities and HOAs continue to grow.

Dix Hills condo complex agrees to allow mezuzahs

Dix Hills condo complex agrees to allow mezuzahs: "A Jewish woman from Dix Hills who says her condominium complex discriminated against her by stopping her from displaying a 4-inch mezuzah on her front door has won a settlement after an investigation by state Attorney General Andrew Cuomo."
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The mere fact that people even have to file cases like this tells you how screwed up things are.

Friday, October 30, 2009

Guess What: The Next Housing Bubble Is Already Underway

Guess What: The Next Housing Bubble Is Already Underway: "...the housing bubble is back. Sure, prices aren't at their old levels, but everything else is in place.

Generous government involvement is back. Fear of missing out on good deals is back, and yes, even no-money-down is back."

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And just in time for the crash of the commercial real estate market.

Wednesday, October 28, 2009

Judge eats his words -- chicagotribune.com

Judge eats his words -- chicagotribune.com: "A Will County judge says he's eating his words after accepting a tray of jerk chicken as a substitute for a man's sentence of 100 community service hours.

The local legal community has been abuzz since associate Judge Robert Livas accepted the Jamaican-style chicken from Darrius Logan this month over an objection from a prosecutor."

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Maybe this is what I've been doing wrong all these years. I didn't bring food for the judge.

Law.com - Price to PepsiCo for Not Being in Court: $1.26 Billion

Law.com - Price to PepsiCo for Not Being in Court: $1.26 Billion: "What's the cost of not showing up to court? For PepsiCo Inc., it's a $1.26 billion default judgment. A Wisconsin state court socked the company with the monster award in a case alleging that PepsiCo stole the idea to bottle and sell purified water from two Wisconsin men.

Now the company is scrambling to salvage the situation. The damages award was handed down on Sept. 30. PepsiCo filed motions to vacate the order and dismiss the claims on Oct. 13, saying it wasn't even aware of the lawsuit until Oct. 6."

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Hey--this is better than winning the lottery. There was a case in Los Angeles years ago where the owner of an apartment building got sued by a tenant for letting it turn into a decaying slum. The landlord ignored the lawsuit...right up until the day the court gave the building to the tenant in satisfaction of the default judgment. Then it was too late. Mr. Slumlord lost the building, and it was worth over a million.

Council bans parents from play areas - Boing Boing

Council bans parents from play areas - Boing Boing: "Score one for Britain in its contest with the United States to create the stupidest fear-based society. The Watford Borough Council took the lead by banning parents from supervising their own kids in public playgrounds, 'because they have not undergone criminal record checks.'

The only adults allowed to monitor the kids are idiocracy-vetted 'play rangers.' The children's parents must 'watch from outside a perimeter fence.'"

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Well, we will catch up with them soon. We already have government officials scolding us for not coughing the right way. Our local, state, and national government already think they own our kids. How much longer can it be before I need a background check to pick up my kids at school?

Thanks to Mystery Reader for this fascinating example of a real nanny state. Literally.

Restaurant owner declares victory in 'Flamingogate' -- baltimoresun.com

Restaurant owner declares victory in 'Flamingogate' -- baltimoresun.com: "The owner of Cafe Hon is proclaiming a victory for small business after the city agreed to cut in half the cost of a permit to erect a pink flamingo sculpture outside her restaurant and promised to promote the Hampden neighborhood with new signs on the Jones Falls Expressway.

After a rally Tuesday outside City Hall where supporters erected scores of plastic pink flamingos, Cafe Hon owner Denise Whiting praised Mayor Sheila Dixon for the decision."

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That's quite a flock of flamingos.

Tuesday, October 27, 2009

Rats! City to Pay for Informing on Tax Cheats | NBC Chicago

Rats! City to Pay for Informing on Tax Cheats | NBC Chicago: "The folks at city hall will pay cash bounties to informants who turn in business tax cheats around the city. The reward would amount to some sort of percentage of the tax money that the city recovers."
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They anticipate that businesses will turn in their competitors. Daley and his Machine cronies are desperate to find sources for graft.

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