Daily Archives: December 23, 2010

City of Portland Goes Into House Building Business! Appraiser Offers Insight Into Randy Leonard’s "Water House"

Against all logic, reason, and the marketplace, which has seen the demise of many home builder’s companies, the City of Portland’s Water Bureau is now going into the business of BUILDING HOUSES. Here’s what Willamette Week says is the plan (here):
Located in the Russell neighborhood in Northeast Portland, the new home “showcases water-efficient practices through innovative local green building partnerships,” according to a press release from the Water Bureau that announces a Jan. 19 open house at the new abode.
The head of the Bureau, Randy Leonard, says he’ll ask $310,000.00 for the 2129 sq ft abode in 2012.  Here’s what houses are going for in the same area now.

 


Commissioner Leonard must be banking on the market turning around by 2012 and let’s hope he’s right, but why compete with struggling home builders for business? Why didn’t Leonard sell off the properties if he doesn’t know what to do with them? 
Considering that Zillow has identified Portland as one of the worst housing markets in the country,  I wanted to find out if the $310,000,00 price tag that was realistic. This map by Zillow displays all the houses available and their prices. There’s only one house over Randy’s proposed price, all the rest of the comps are at least $100,000.00 below that price. I also checked with an appraiser who shall be known as, “The Unknown Appraiser”  to get his input. After checking the neighborhoods of all the available properties the water bureau owns and based on  the rendering, he said: 

One of the properties the Water Bureau Owns and its Value

This sample floor plan reminds me of post world war two housing designed for its functional use with no individual flair or character. Undoubtedly they would be located in the inner city on high density sites and soon to become known as “the projects”. In 5-10 years the occupants outgrow the home and garage, cars move from the garage to the driveway, then to the streets, then to section 8 housing, then to crack homes and eventually demolished by the city for a new transit mall or urban greenspace. Property values of surrounding homes would probably be diminished. Initial values of the homes would most likely not be competitive given the cost overruns common when city government and contractors do business. ………unknown appraiser.



Tell ’em where you saw it. Http://www.victoriataft.com

Unemployment sets record in Washington

From the Seattle PI

By next week, more than a half-million residents in the state will have collected almost $4.7 billion in unemployment benefits. Both numbers are records.

“This has been another demanding year for Employment Security, but even more challenging for those who still can’t find a job after months and months of looking,” said Joel Sacks, deputy commissioner of the Employment Security Department, in a news release.

There is little good news in the year-end statistics.

In February, the unemployment rate in the state reached a seasonally adjusted 9.5 percent. That was the highest since the early 1980s. The total number of unemployed people in February was 363,160

Clark County remain in excess of 13% unemployment, having shed 4,500 private sector jobs.

That ‘hopey changey thing’ isn’t working out too well here.

Tell ’em where you saw it. Http://www.victoriataft.com

Feds clear way for Cowlitz casino

The Cowlitz Tribe of Indians in Washington State may conduct gaming under a decision approved by the Department of the Interior today.

Assistant Secretary-Indian Affairs Larry Echo Hawk announced the approval of the acquisition of 152 acres of land in trust for the Cowlitz Tribe of Indians in Clark County.

the Columbian

Mixed reactions to the decision here

Tell ’em where you saw it. Http://www.victoriataft.com

City of Portland Goes Into House Building Business! Appraiser Offers Insight Into Randy Leonard’s "Water House"

Against all logic, reason, and the marketplace, which has seen the demise of many home builder’s companies, the City of Portland’s Water Bureau is now going into the business of BUILDING HOUSES. Here’s what Willamette Week says is the plan (here):
Located in the Russell neighborhood in Northeast Portland, the new home “showcases water-efficient practices through innovative local green building partnerships,” according to a press release from the Water Bureau that announces a Jan. 19 open house at the new abode.
The head of the Bureau, Randy Leonard, says he’ll ask $310,000.00 for the 2129 sq ft abode in 2012.  Here’s what houses are going for in the same area now.

 


Commissioner Leonard must be banking on the market turning around by 2012 and let’s hope he’s right, but why compete with struggling home builders for business? Why didn’t Leonard sell off the properties if he doesn’t know what to do with them? 
Considering that Zillow has identified Portland as one of the worst housing markets in the country,  I wanted to find out if the $310,000,00 price tag that was realistic. This map by Zillow displays all the houses available and their prices. There’s only one house over Randy’s proposed price, all the rest of the comps are at least $100,000.00 below that price. I also checked with an appraiser who shall be known as, “The Unknown Appraiser”  to get his input. After checking the neighborhoods of all the available properties the water bureau owns and based on  the rendering, he said: 

One of the properties the Water Bureau Owns and its Value

This sample floor plan reminds me of post world war two housing designed for its functional use with no individual flair or character. Undoubtedly they would be located in the inner city on high density sites and soon to become known as “the projects”. In 5-10 years the occupants outgrow the home and garage, cars move from the garage to the driveway, then to the streets, then to section 8 housing, then to crack homes and eventually demolished by the city for a new transit mall or urban greenspace. Property values of surrounding homes would probably be diminished. Initial values of the homes would most likely not be competitive given the cost overruns common when city government and contractors do business. ………unknown appraiser.



Tell ’em where you saw it. Http://www.victoriataft.com

After Guns Will Mayor Sam Adams Go After Knives?

Is Sam Adams’ plan to reduce handgun use in Portland based on realistic numbers? You be the judge but here’s something unmistakable. If 40% of the homicides are caused by guns and Adams goes after them, why doesn’t he go after knives since 30% of the homicides are caused by stabbings?


Adams recently introduced and the council passed a plan to keep guns out of the hands of felons who have been picked up for gun violations before. See the plan here. 

The mayor’s office pointed to statistics showing that four out of ten of the murders in Portland involved guns. He claimed ‘something must be done’ about guns. I agree something must be done to keep guns out of the hands of felons. That’s why there’s already a law against it. However, the Zero’s politifact columnist decided to check out Adams’ statistics. She found them correct. See her findings here. Four out of ten homicides occur with a gun. However, as we see here further in her story:

The deaths reported in our review adds up to 102 homicides, of which 42 involved firearms, or a ratio of 4.1 out of 10. All figures back up the mayor’s claim. About four of 10 homicides in the city involve guns. Knives and other cutters come in second, with nearly three of 10 homicides.

What threshold does one have to cross in order to get Adams’ attention on knives? Shouldn’t ‘something be done’ about knives since they’re used in three out of ten homicides? Can we expect to see a five point plan to keep knives out of the hands of known felons?
Worse, many homicides involve strangling! Strangling is a very personal way to kill someone.

2010: 25 homicides to date, 11 involved firearms, seven people were stabbed and two were strangled.

Strangling is a whopping 8% of the homicides! Shouldn’t we as a city ‘do something’ about that as well?
Guns don’t kill people, people kill people. Knives don’t kill people, people kill people. And they’ll use whatever they have available.
Perhaps Adams and the rest of the Rainbow City Council should convince Multnomah County to give up their coddling of youthful offenders so they don’t grow up to be killers who will use any weapon at their disposal to murder.

Tell ’em where you saw it. Http://www.victoriataft.com

Unemployment sets record in Washington

From the Seattle PI

By next week, more than a half-million residents in the state will have collected almost $4.7 billion in unemployment benefits. Both numbers are records.

“This has been another demanding year for Employment Security, but even more challenging for those who still can’t find a job after months and months of looking,” said Joel Sacks, deputy commissioner of the Employment Security Department, in a news release.

There is little good news in the year-end statistics.

In February, the unemployment rate in the state reached a seasonally adjusted 9.5 percent. That was the highest since the early 1980s. The total number of unemployed people in February was 363,160

Clark County remain in excess of 13% unemployment, having shed 4,500 private sector jobs.

That ‘hopey changey thing’ isn’t working out too well here.

Tell ’em where you saw it. Http://www.victoriataft.com

After Guns Will Mayor Sam Adams Go After Knives?

Is Sam Adams’ plan to reduce handgun use in Portland based on realistic numbers? You be the judge but here’s something unmistakable. If 40% of the homicides are caused by guns and Adams goes after them, why doesn’t he go after knives since 30% of the homicides are caused by stabbings?


Adams recently introduced and the council passed a plan to keep guns out of the hands of felons who have been picked up for gun violations before. See the plan here. 

The mayor’s office pointed to statistics showing that four out of ten of the murders in Portland involved guns. He claimed ‘something must be done’ about guns. I agree something must be done to keep guns out of the hands of felons. That’s why there’s already a law against it. However, the Zero’s politifact columnist decided to check out Adams’ statistics. She found them correct. See her findings here. Four out of ten homicides occur with a gun. However, as we see here further in her story:

The deaths reported in our review adds up to 102 homicides, of which 42 involved firearms, or a ratio of 4.1 out of 10. All figures back up the mayor’s claim. About four of 10 homicides in the city involve guns. Knives and other cutters come in second, with nearly three of 10 homicides.

What threshold does one have to cross in order to get Adams’ attention on knives? Shouldn’t ‘something be done’ about knives since they’re used in three out of ten homicides? Can we expect to see a five point plan to keep knives out of the hands of known felons?
Worse, many homicides involve strangling! Strangling is a very personal way to kill someone.

2010: 25 homicides to date, 11 involved firearms, seven people were stabbed and two were strangled.

Strangling is a whopping 8% of the homicides! Shouldn’t we as a city ‘do something’ about that as well?
Guns don’t kill people, people kill people. Knives don’t kill people, people kill people. And they’ll use whatever they have available.
Perhaps Adams and the rest of the Rainbow City Council should convince Multnomah County to give up their coddling of youthful offenders so they don’t grow up to be killers who will use any weapon at their disposal to murder.

Tell ’em where you saw it. Http://www.victoriataft.com