Sound vaguely familiar?
Here's the latest on the San Diego municipal finance fiasco. Lots of trouble down there, stemming from the city's pension fund, sewer billing, and lack of transparency in financial reporting. But hey, they have lots of pretty, shiny, new condo towers downtown. Light rail and trolleys, too.
Food for thought.
| Posted at 9:39 PM | Permalink |
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Comments (1)
I'm confused. I thought our sister city was in Japan.
Posted by: Bill McDonald at August 9, 2006 10:16 PMI don't know the whole story but when visiting San Diego my family members who lived there told me that the condos in Downtown San Diego didn't receive subsidy beyond the standard zoning allowances required to build them.
Across the US in major cities condo towers are going up and being sold way above the standard square footage value of a house. Looks to me that all this proves is that Portland's pride in selling condos is a little overstated.
Posted by: DarePDX at August 10, 2006 05:40 AMThe condo market is tanking in San Diego:
"Continuing a slowdown that has persisted throughout the year, sales of single-family houses last month plunged 31 percent from July 2005 and sales of condominiums fell 28 percent during the same time period, according to a report released Wednesday by the North San Diego County Association of Realtors."
Posted by: Housing Bubble at August 10, 2006 07:19 AM8 more years, then I buy everyone's house in PDX for a song, suckers!
Posted by: andy at August 10, 2006 09:09 AMDoes San Diego have a tram? Didn't think so!
Posted by: Anthony at August 10, 2006 12:06 PM"Does San Diego have a tram?"
No but they had the Pacific Terrace Hotel on Mission Beach.
Great spot. Great beach. Best hotel on the beach.
But new ones are popping up and maybe competing.
Posted by: Steve Schopp at August 10, 2006 08:41 PMThey "have" the Pacific Terrace.
Posted by: Steve Schopp at August 10, 2006 08:42 PM[Posted as indicated; restored later.]
Posted by Blog restoration | August 14, 2007 1:03 AM