Bird’s-Eye View

Why are our tax dollars going toward bailing out someone who bought a $730,000? Anybody else perceive that as a bit excessive?

The Lancaster County Convention Center Authority has $400,000 in expenses it cannot afford to pay as of May 31, it was reported Monday evening.

The biggest factors in May's deficit are change orders and the Authority having to purchase another year of Builder's Risk Insurance, according to Finance Committee Chair Laura Douglas.

The added insurance was necessary because the construction phase of the project was extended by four and a half months, she explained.

Originally scheduled to be completed by November 2008, the Hotel & Convention Center is now not expected to open until March 2009 due to unforeseen construction issues, including the encountering of rock and water while digging at the site.

Chairman of the Board Art Morris said that the Authority is "absolutely relying on" assurances from State Senator Gib Armstrong of $3.2 million in state grants for the project once the State Senate passes its 2008-2009 budget.

Morris said he has been assured by the Senator that the budget will be acted on "very soon."

Asked whether a portion of state grants are budgeted for Penn Square Partners, Morris responded that he understands that Senator Armstrong is working with Penn Square Partners separately.

Why are our tax dollars going to bail out a $180M downtown project that is still bleeding before the grand opening?? Anybody else perceive that as a bit excessive??

If we can't afford welfare for the poor we sure as he11 can't afford welfare for the rich.

Got news for you $730,000 will not buy much of a home in places like California,

Got news for you $730,000 will not buy much of a home in places like California, it's a typical one size fits all governmental response. With many people way behind in their payments and negative equity how will they refinance?

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[size="3"]PS in PA we spend more on social welfare then anything else even education. We always find a way to "afford it". Our economic wellbeing is not based on welfare recipients it is based at lest in part on homeownership and the housing market.

http://www.svdaily.com/realestateprices.html

http://www.svdaily.com/realestateprices.html

Can anyone explain to me why a three bedroom house needs three baths and a three car garage. I mean we got along fine with one bath and six kids and a one car garage. How much less would that 750K house have cost with out all the unneccessary bells and whistles that seem so necessary today. Whats the mortgage on a 750K house 3K a month no average person is spending 3K or 4K a month on house payments.

Ok so the median is 429,000, thats 300,000 less than your original statement, plus its the median, there are a lot of houses out ther that are more expensive than that, just look at Malibu, but there are houses a lot cheaper than that too. So once again you really didn't know what you were talking about before you went and spouted off. Still waiting for you facts about the other part of your post. Or did ya just make that up too??

And another vote for not bailing out the idiots who overspent on their homes.......



Why don't they help out the middle class people make ends meet. Since gas prices have sky rocketed, along with groceries, and everything else, people are struggling including myself and my family.

I wasn't talking about average home values.

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Statewide, the 10 cities and communities with the highest median home prices in California during February 2008 were: Santa Barbara, $1,150,000; Redwood City, $875,000; Danville, $875,000; Encinitas, $842,500; Santa Monica, $787,000; Mountain View, $784,000; San Clemente, $770,000; San Mateo, $750,000; Sunnyvale, $741,750; San Francisco, $737,750; Carlsbad, $675,000.

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These are values after an average 29% decline



[size="3"]Do you think it's wise to let the upper end of the real estate market twist in the wind? Maybe you think we should punish people that own home above $429,000?

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PS Affordability is NOT necessarily linked to the value of the home.

Another vote for not bailing out the idiots who overspent on their homes.

Add me to the list. Hopefully they'll learn a valuable lesson. I'm tired of paying for the stupid decisions other people make.

Since after 3300 posts you still haven't learned that intricate talent of quoting and posting, I have NO IDEA what you just said. If I had to guess, I would think you said, "I was wrong when I said $730,000 doesn't buy you much".

As far as him saying he was wrong, i highly doubt that. LDB is never wrong.

You know I didn't expect him to do it, I just wanted to make people like you laugh. I may have only been posting on here for awhile, but I've been reading his rants for years. The man is never wrong daaa.