Even Lake O. is in the hole (Jack Bog's Blog)

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This page contains a single entry from the blog posted on August 24, 2010 8:48 AM. The previous post in this blog was The latest place Portland wishes it could be like. The next post in this blog is No wonder D.C.'s getting a streetcar. Many more can be found on the main index page or by looking through the archives.

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« The latest place Portland wishes it could be like | Main | No wonder D.C.'s getting a streetcar »

Tuesday, August 24, 2010

Even Lake O. is in the hole

A heck of a time for them to be talking streetcar.

Posted at 8:48 AM | Permalink

Comments (6)

No surprise at all. Recent studies show that the richer you are, the more likely you are to send in some jingle mail and walk away from an underwater mortgage. Moral responsibility is for the poor. The rich totally get that when the investment goes bad, you don't pour any more money into it. The reason the poor stay poor is that they haven't mastered the art of being rich in America, which is essentially privatizing profit and either socializing costs (shoving them onto EVERY other sucker) or finding a particular other sucker to stick them to.

Posted by George Anonymuncule Seldes | August 24, 2010 10:42 AM

A lot of folks believed the BS that real estate would continue to escalate in value at remarkable rates forever. The banks told us that the investment would pay for itself in 5 years or less and the "buyers" could pay off the ARM when the property was sold for a kazillion more dollars than they agreed to pay for the property. WRONG! And now these so called "investors" will pay the price of eviction, and the rest of us poor slobs, who were told we were idiots because we did not fall for this bank sponsored Ponzi scheme, will get stuck with the bill to pay off the banks who lied to everyone in the first place.
We still are getting notices from banks that they would love to lend us 125% of our home's current value, and enslave us to another 30 years of mortgage payments. We are senior citizens, who probably not live to be 90+ at the pay out. We like it that our mortgage is paid off.
This is outrageous!

Posted by portland native | August 24, 2010 11:24 AM

Sorta not related to a LO streetcar but then again still relevant to LO money pools in general: money and love and dating and flirting games people play as we speak. Wish some real estate agent could whip up an excel spreadsheet graph showing frequency and rates (1Q, 2Q, 3Q, 4Q) over a ten year spread (2000 to 2010) of LO divorce filings, marriage licenses, foreclosure filings, and home sales closed. People there don't care about transit ... they have other things on their minds.

Posted by got logic? | August 24, 2010 3:37 PM

http://www.autoblog.com/2010/04/04/wi-drive-luxd-out-commuter-buses-for-the-wealthy-popping-up-in/

I still think if transportation is needed into Portland, the luxury bus idea is an option and far less money than the expensive light rail. Who can afford to pay for the light rail now if even the Lake O is in the hole? It doesn't look like they need more housing. . unless someone has the idea they too will now need these "affordable housing complexes".

Posted by clinamen | August 24, 2010 4:43 PM

Can we take some Streetcar money and just move the end-of-period buzzer from Memorial Coliseum over to City Hall, so that whenever one of these hairbrained stupendously expensive projects comes up in a city council meeting, someone can just drop a 90 dB wake up call on the chamber?

"Now, moving on to the Lake Oswego Streetca...BZZZZZZZZZZZZZZZZZZZZT"

"Okay, let's talk about the east side bike lanBBBBBZZZZZZZZZZZZZZT"

"Perhaps the Convention Center HoteBZZZZZZZZZZZZZZZZZZZZT"

"... meeting adjourned. *whimper* "

Posted by MachineShedFred | August 24, 2010 5:28 PM

LOL MSFred - now if we could just BZZZZZZZZZZZZT the entire SamRand Show, it'd be great...

Posted by LucsAdvo | August 24, 2010 6:15 PM

In Vino Veritas

Charamba, Douro 2008
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Abacela, Vintner's Blend No. 12
Opula Red Blend 2010
Liberte, Pinot Noir 2010
Chateau Ste. Michelle, Indian Wells Red Blend 2010
Woodbridge, Chardonnay 2011
King Estate, Pinot Noir 2011
Famille Perrin, Cotes du Rhone Villages 2010
Columbia Crest, Les Chevaux Red 2010
14 Hands, Hot to Trot White Blend
Familia Bianchi, Malbec 2009
Terrapin Cellars, Pinot Gris 2011
Columbia Crest, Walter Clore Private Reserve 2009
Campo Viejo, Rioja, Termpranillo 2010
Ravenswood, Cabernet Sauvignon 2009
Quinta das Amoras, Vinho Tinto 2010
Waterbrook, Reserve Merlot 2009
Lorelle, Horse Heaven Hills, Pinot Grigio 2011
Tarantas, Rose
Chateau Lajarre, Bordeaux 2009
La Vielle Ferme, Rose 2011
Benvolio, Pinot Grigio 2011
Nobilo Icon, Pinot Noir 2009
Lello, Douro Tinto 2009
Quinson Fils, Cotes de Provence Rose 2011
Anindor, Pinot Gris 2010
Buenas Ondas, Syrah Rose 2010
Les Fiefs d'Anglars, Malbec 2009
14 Hands, Pinot Gris 2011
Conundrum 2012
Condes de Albarei, Albariño 2011
Columbia Crest, Walter Clore Private Reserve 2007
Penelope Sanchez, Garnacha Syrah 2010
Canoe Ridge, Merlot 2007
Atalaya do Mar, Godello 2010
Vega Montan, Mencia
Benvolio, Pinot Grigio
Nobilo Icon, Pinot Noir, Marlborough 2009
Portuga, Rose 2011
Revelation, Chardonnay, Pays d'Oc 2010
Beaulieu, Cabernet, Rutherford 2005
Monte Alto, Tinto Reserva 2005
Chateau Ste. Michelle, Cabernet, Indian Wells 2009
Espiral, Vinho Rose
Vin-Koru, Pinot Gris 2011
14 Hands, Hot to Trot Red 2009
Rodney Strong, Cabernet, Sonoma 2009
Abacela, Vintner's Blend #11
Portuga, White 2010
La Bourgeoisie, Red 2009
Januik, Red 2009
Three Rivers, River's Red 2008
Kirkland, Alexander Valley Merlot 2008
Muga, Rioja Rose 2010
Quinta das Amoras, Vinho Tinto 2009
Mauro Molino, Barbera d'Alba 2009
Garda Chiaretto Rose
Columbia Crest, Two Vines Vineyard 10 White
Chateau Ste. Michelle, Pinot Gris, Columbia Valley 2009
L'Hortus, Rose de Saignee 2010
Maculan, Pino & Toi 2008
McKinley Springs, Bombing Range Red 2008
Trader Joe's Pinot Gris 2009
Montes Alpha, Cabernet 2007
Gran Sasso, Sangiovese, Terre di Chieti 2009
Garda, Classico Chiaretto Rose
Beaulieu, Cabernet, Rutherford 1999
Picos del Montgo, Tempranillo 2008
Chateau de Montmirail, Vacqueyras 2008
La Granja 360, Syrah 2009
Montgras, Carmenere Reserva 2009
Lange, Pinot Gris 2009
Columbia Crest, Horse Heaven Hills Cabernet 2008
Kirkland, Pinot Grigio 2010
Trader Joe's Coastal Syrah 2009
Columbia Crest, Horse Heaven Hills Merlot 2008
Trader Joe's Coastal Chardonnay 2009
Vieux Papes Red
Domaine de l'Aujardiere, Chardonnay 2009
Santa Rita, Cabernet, Medalla Real 2007
Penfold's, Koonunga Hill Shiraz Cabernet 2008
Guild, Red, Lot #02 2008
Dievole, Dievolino Sangiovese 2008
Laforet, Burgogne Chardonnay 2009
Columbia Winery, Merlot 2007
Bonterra, Cabernet 2008
Elk Cove, Pinot Gris 2009
Maquis Lien 2006
Scott Paul, Pinot Noir, Le Paulee 2007

The Occasional Book

Neil Young - Waging Heavy Peace
Mark Bego - Aretha Franklin, the Queen of Soul (2012 ed.)
Jenny Lawson - Let's Pretend This Never Happened
J.D. Salinger - Franny and Zooey
Charles Dickens - A Christmas Carol
Timothy Egan - The Big Burn
Deborah Eisenberg - Transactions in a Foreign Currency
Kurt Vonnegut Jr. - Slaughterhouse Five
Kathryn Lance - Pandora's Genes
Cheryl Strayed - Wild
Fyodor Dostoyevsky - The Brothers Karamazov
Jack London - The House of Pride, and Other Tales of Hawaii
Jack Walker - The Extraordinary Rendition of Vincent Dellamaria
Colum McCann - Let the Great World Spin
Niccolò Machiavelli - The Prince
Harper Lee - To Kill a Mockingbird
Emma McLaughlin & Nicola Kraus - The Nanny Diaries
Brian Selznick - The Invention of Hugo Cabret
Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
Phil Stanford - The Peyton-Allan Files
Jesse Katz - The Opposite Field
Evelyn Waugh - Brideshead Revisited
J.K. Rowling - Harry Potter and the Sorcerer's Stone
David Sedaris - Holidays on Ice
Donald Miller - A Million Miles in a Thousand Years
Mitch Albom - Have a Little Faith
C.S. Lewis - The Magician's Nephew
F. Scott Fitzgerald - The Great Gatsby
William Shakespeare - A Midsummer Night's Dream
Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt

Road Work

Miles run year to date: 21
At this date last year: 52
Total run in 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269