California Income Tax Revenue Drops 44% In April (Year-Over-Year)
“They just posted the results for April 30. For the full month of April, income tax receipts were $7.336B. For April 2008, the total was $12.995B. This is a 44%…
JustQuotes: SocketSite Says…The Senate Gets One Right (So Far)
“The U.S. Senate rejected legislation letting U.S. bankruptcy judges cut mortgage terms to help borrowers avoid foreclosure, a victory for banks and credit unions that said the measure would lead…
We Still Believe It Would Have Made A Most Excellent Museum
“San Francisco’s landmark 50 United Nations Plaza will receive $121 million upgrade under the American Recovery and Reinvestment Act, an infusion of cash that will allow the mothballed federal office…
San Francisco’s Central Subway: Make That 2018 And An Extra $278M
From the Examiner with respect to San Francisco’s 1.7 mile Central Subway project: An ambitious plan to build a commuter subway between SoMa and Chinatown is going to cost more…
Stimulating San Francisco To “Partner” On The Second Tower At ORH?
With respect to the Chronicle’s report that Mike Kriozer isn’t planning on paying at least five million dollars of fees to San Francisco related to the development of One Rincon…
Growing Commercial Concern (And Residential Parallels)
“Of particular concern for San Francisco is the fact that nearly 75 percent of the Class A – premier – office buildings downtown traded hands in the past four years,…
JustQuotes: East Bay Agents And Stagers Beware
“An unusual wave of burglaries has hit unoccupied houses for sale in this affluent 1.8-square-mile bedroom community in the hills east of Oakland, and it is testing the forced cheerfulness…
JustQuotes: FIFO Not LIFO For The San Francisco Economy?
“ continues to struggle through an economic recession that has gutted revenue from property taxes and other sources. Newsom said that property tax revenues, which had been climbing 11 percent…
What Happens When The Bay Area Median Drops 59%?
“Underlying all the market changes is the prevalence of bank-owned foreclosures being unloaded at a discount. Two years ago, only 2.6 percent of all existing homes that changed hands had…
JustQuotes: Let’s Be Careful Out There People
“Rescue scams are springing up across the U.S., says California Deputy Attorney General Angela Rosenau, exacerbating a housing crisis in its third year. The predators are persuading troubled borrowers they…