Comments by Steven Hyman
June 14, 2008
Thanks for the idea. But what's wrong with 6%? I don't work cheap.
June 14, 2008
Appraisals are done for different reasons. The most common is for purchases or refinances. Its true that a house or anything for that matter is worth what someone is willing to pay and what someone is willing to sell. Banks use appraisals to validate the value to protect their loan. In divorces or deaths, different values are used for settlement or tax purposes. But appraisals will vary for even the same home because different comps can be used. If there are 5 comps for a home and the bank wants…
June 14, 2008
The City was facing several ugly options. I think the settlement was very creative and obviously favored Keenan, who was holding all the cards with a staggering size judgment. I can understand the concern from many here about the law being tweeked to save HMB. What I disagree with is this specific site. It is an unimpressive infill lot. What's more important to me and many others is the over-riding interest in not paying $18 million. That trumps the consequenses to other people elsewhere of this…
June 14, 2008
A better solution would be to have AB 1991 passed and then maybe the City could actually spend this money on something useful for the residents. And I don't mean more lawyers.
We can always dream.
June 14, 2008
Ken,
I'm really getting worried about you. Either you are suffering from an acute case of LLD (liberal learning disability) or your prescription is off on your weed colored glasses. In either case, it seems to interfere with your processing of simple statements from people who disagree with you.
Let me call Sylvan for you on Monday. We'll get you signed up for summer school. Then we can play.
June 14, 2008
Barry,
Let me try and say this as simply and clearly as I can. When I made the remark about the CCC, I was referring to the quote made by the Mayor about false and misleading statements. PERIOD.
If that isn't clear enough, I think we should get the group rate at Sylvan cause obviously there are several posters who had a difficult time reading.
I'll contribute $100 for Ken
June 14, 2008
Ken, we need to get you to the Sylvan Learning Center pronto. Its actually embarrassing to think there are public officials here who have a hard time reading English. I'll put this in caps so it will be easier for you to read. The Mayor said about the CCC "INTENTIONALLY MISLEADING AND SPREADING FALSE STATEMENTS TO MEMBERS OF THE LEGISLATURE." Maybe the Bill Clinton dictionary has a different meaning for FALSE STATEMENT. I realize complex or compound sentences are difficult for you to grasp. You really…
June 13, 2008
Look at what our Mayor and our high priced lawyers said. If you can't read or understand that, maybe I should help contribute to a Sylvan reading course for you.
Of course its hard seeing the truth when you only look at life through weed colored glasses.
June 13, 2008
This is better than fiction. It was actually a stroke of genius to get Lanny Davis. He's obviously proven his worth so far to the residents of HMB by putting together a winning coalition.
Maybe Bill will be walking the halls of Sacramento. I can't wait to see next week's episode!
June 13, 2008
How about the fact that the City and their team of high priced lawyers took the time to dissect the CCC statements and compare them to previous ones. Therefore the mis-statements. And if the CCC tries and flip-flop when this goes to the Senate, our lawyers will point out those John Kerry moments. At least the City is trying to get out of the mess they inherited. All I read here is the same failed policies with no new ideas. Just more of the same. Blow money on lawyers, appeal, and file bankruptcy.…
June 12, 2008
Growth is good. Its the life blood of any community. Look at some of the rust belt towns and you'll see what negative growth does. HMB will never look like Pacifica. First, there really aren't that many unbuilt and buildable lots left. Many of the lots in N Wavecrest, for example, won't get built in my life time. And this growth myth here is really over played. We can build around 100 homes a year on the Coast and we don't even have the demand for that. On an earlier post I checked how many lots…
June 12, 2008
Growth is good. More homes means more businesses prosper. McDonalds sells more Big Macs, the cleaners have more customers, etc. Who knows, we may even buy one of those million dollar traffic lights. Actually,the only ones who really won't immediately benefit from these new homes are the realtors. Most big builders use in-house staff to sell directly to the public thereby cutting out most of the commissions. They only use us when they get down to the last few homes. So to blame all realtors as greedy…
June 11, 2008
Janet, How about a fourth option. Keenan is a smart dude. He was also helped by a $41+ million dollar judgment. You have to admit that this was a very creative settlement with the plan a/b option. Either way he wins big. And we do all the work. I think I've been vocal about the City too. We won't win the Donald Trump award for paying $25+ million (land, legal, G&A;, etc) for something you can hopefully sell for $3-5 million. That is if you can even find someone who would want ot buy this troubled…
June 11, 2008
Ken, I've stated many facts over and over again. The bottom line is that we don't agree. And its likely we will never agree and that's ok. You see this land as something special, I don't. You wanted to appeal and I wanted to settle. You don't care if HMB files bankruptcy and I do. I look at AB 1991 as a way to avoid paying $18+ million dollars for something worth a fraction of it. You see the bill as a way to chip away at the environmental laws. I could see that that is a remote possibility. But…
June 11, 2008
Go read the City's lengthy rebuttal of the CCC's appearence. And who better than Lanny Davis knows when people mis-speak.
June 11, 2008
It doesn't get any clearer than the statements made by our mayor who said "The Commission staff has intentionally mislead and knowingly spread false information to the State Legislature..."
Its a sad commentary to the levels people and organizations will stoop to carry out their agendas. And I'm not referring to our City Council who made the best out of a mess they inherited.
June 11, 2008
The CCC was not forthright in front of the State Assembly, therefore the remark. But of course its ok to call our officials all sorts of names. But in deference to being PC, I'll now use mis-speak. As far as the CCC goes, I would like to see their influence in our area reduced, especially in terms of needs to go to them for permits. And I'm really talking about the individual property owner, not the big developers who have armies of lawyers to fight their battles. I see too many things in my job…
June 10, 2008
Its getting so hard knowing who to believe these days. There's the Truth Squad, liars of the Coastal Commission and our own home grown Chicken Little crowd. Here's a solution. Why don't we take the beautiful weeds that everybody's so hot for and transplant them in the new mediums being built among HWY's 92 and 1. Then we can all marvel in their splendor without getting out of our cars. And, of course, let Beachwood be what it is meant to be, a neighborhood. To your other point, AB 1991 is only for…
June 06, 2008
One of the very first questions an appraiser asks is what's the purpose. Divorce, death, purchase. That will have an effect on the outcome. In confrontational sales such as divorces, its best to have several appraisals and then average them. Each side may have a different estimate of value. Probably would be interesting to see a few appraisals on Beachwood so its value can be established. These would be costly to do. Don't know if it really matters because the price has already been established.…
June 06, 2008
Initially, I thought AB 1991 was wishful thinking. But that was before the City hired Master Spinner lobbyist Lanny Davis. He certainly showed he knows how to work the system. Keenan would probably do very well building 129 homes. I think it would be an ugly process with fights all the way. But he has proven he can take a lot of garbage and dish it out as well. I would still rather take the money and say adios to HMB. With that much cash, there must be some amazing opportunities in the state.
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