http://www.water-ed.org/watersources/
Although it has seemed really wet lately we are still below where we should be at for the year.
Keep on conserving and enjoy the rain.
Feb 17, 2009
Rain
The wet season is apparently on us, February through April are the three months in which we get almost 90% of our water here in So Cal. It's interesting to watch peoples reactions every year from disbelief and complaints that it's raining to the oft quoted "I am glad it's raining, we really need it." Well, we always need rain. Most people don't realize where our water comes from though. 30% comes from groundwater sources locally, the rest is split between the State Water project which brings water from Northern California and the Colorado River. It does vary by community so if you want to know specifically where your area gets its water check this site out:
http://www.water-ed.org/watersources/
Although it has seemed really wet lately we are still below where we should be at for the year.
Keep on conserving and enjoy the rain.
http://www.water-ed.org/watersources/
Although it has seemed really wet lately we are still below where we should be at for the year.
Keep on conserving and enjoy the rain.
Feb 6, 2009
Anatomy of a Democratic Stimulus Package
I think it goes with out saying that I vehemently oppose the package that is being lobbied so hard in congress right now. The only stimulus this will provide is to the lobbyists that helped these politicians get into office. What it will do is put our country into massive debt and support social programs that will not give back to the overall economy and get us out of this recession.
It's simple. Cut taxes to the working class and corporations, earnings and profits go up and more money gets pumped into the economy.
Below is a breakdown (from Glenn Beck's Website):
Energy
$32 billion: Funding for "smart electricity grid" to reduce waste
$16 billion: Renewable energy tax cuts and a tax credit for research and development on energy-related work, and a multiyear extension of renewable energy production tax credit
$6 billion: Funding to weatherize modest-income homes
Science and Technology
$10 billion: Science facilities
$6 billion: High-speed Internet access for rural and underserved areas
Infrastructure
$30 billion: Transportation projects
$31 billion: Construction and repair of federal buildings and other public infrastructure
$19 billion: Water projects
$10 billion: Rail and mass transit projects
Education
$41 billion: Grants to local school districts
$79 billion: State fiscal relief to prevent cuts in state aid
$21 billion: School modernization ($15.6 billion to increase the Pell grant by $500; $6 billion for higher education modernization)
Health Care
$39 billion: Subsidies to health insurance for unemployed; providing coverage through Medicaid
$87 billion: Help to states with Medicaid
$20 billion: Modernization of health-information technology systems
$4.1 billion: Preventative care
Jobless Benefits
$43 billion for increased unemployment benefits and job training.
$39 billion to support those who lose their jobs by helping them to pay the cost of keeping their employer provided healthcare under COBRA and providing short-term options to be covered by Medicaid.
$20 billion to increase the food stamp benefit by over 13% in order to help defray rising food costs.
Taxes
Individuals:
*$500 per worker, $1,000 per couple tax cut for two years, costing about $140 billion.
*Greater access to the $1,000-per-child tax credit for the working poor.
*Expansion of the earned-income tax credit to include families with three children
*A $2,500 college tuition tax credit.
*Repeal of a requirement that a $7,500 first-time homebuyer tax credit be paid back over time.
Businesses:
*An infusion of cash into money-losing companies by allowing them to claim tax credits on past profits dating back five years instead of two.
*Bonus depreciation for businesses investing in new plants and equipment
*Doubling of the amount small businesses can write off for capital investments and new equipment purchases.
*Allowing businesses to claim a tax credit for hiring disconnected youth and veterans
It's simple. Cut taxes to the working class and corporations, earnings and profits go up and more money gets pumped into the economy.
Below is a breakdown (from Glenn Beck's Website):
Energy
$32 billion: Funding for "smart electricity grid" to reduce waste
$16 billion: Renewable energy tax cuts and a tax credit for research and development on energy-related work, and a multiyear extension of renewable energy production tax credit
$6 billion: Funding to weatherize modest-income homes
Science and Technology
$10 billion: Science facilities
$6 billion: High-speed Internet access for rural and underserved areas
Infrastructure
$30 billion: Transportation projects
$31 billion: Construction and repair of federal buildings and other public infrastructure
$19 billion: Water projects
$10 billion: Rail and mass transit projects
Education
$41 billion: Grants to local school districts
$79 billion: State fiscal relief to prevent cuts in state aid
$21 billion: School modernization ($15.6 billion to increase the Pell grant by $500; $6 billion for higher education modernization)
Health Care
$39 billion: Subsidies to health insurance for unemployed; providing coverage through Medicaid
$87 billion: Help to states with Medicaid
$20 billion: Modernization of health-information technology systems
$4.1 billion: Preventative care
Jobless Benefits
$43 billion for increased unemployment benefits and job training.
$39 billion to support those who lose their jobs by helping them to pay the cost of keeping their employer provided healthcare under COBRA and providing short-term options to be covered by Medicaid.
$20 billion to increase the food stamp benefit by over 13% in order to help defray rising food costs.
Taxes
Individuals:
*$500 per worker, $1,000 per couple tax cut for two years, costing about $140 billion.
*Greater access to the $1,000-per-child tax credit for the working poor.
*Expansion of the earned-income tax credit to include families with three children
*A $2,500 college tuition tax credit.
*Repeal of a requirement that a $7,500 first-time homebuyer tax credit be paid back over time.
Businesses:
*An infusion of cash into money-losing companies by allowing them to claim tax credits on past profits dating back five years instead of two.
*Bonus depreciation for businesses investing in new plants and equipment
*Doubling of the amount small businesses can write off for capital investments and new equipment purchases.
*Allowing businesses to claim a tax credit for hiring disconnected youth and veterans
Feb 4, 2009
State of the So Cal RE Market
Lately I have had a lot of discussions with my friends and peers on when the Real Estate market is going to bottom out. So many non homeowners are waiting for the "bottom" to hit and get into a house before the floodgates open and we see another upward swing in home prices. As with anything supply and demand need to be in sync to reach market stability. Those are the normal rules but with this market there are so many exterior factors at work and we have no idea what the supply will look like. The supply is coming from people who sell, foreclose, or die. The foreclosures are what is making this market so interesting. Another big factor are mortgages rates, they are very low right now and it is very enticing.
There are thousands of articles and blogs that are following this closely and my buddy Jake forwarded me this link...
www.drhousingbubble.com
This is a very analytical and information dense blog that I have started to check on a daily basis.
I am exercising patience, I think that the supply will continue to increase and drive down prices through the next 2 years. Below is an interesting chart that shows the exotic mortgages and when they will cause defaults.
There are thousands of articles and blogs that are following this closely and my buddy Jake forwarded me this link...
www.drhousingbubble.com
This is a very analytical and information dense blog that I have started to check on a daily basis.
I am exercising patience, I think that the supply will continue to increase and drive down prices through the next 2 years. Below is an interesting chart that shows the exotic mortgages and when they will cause defaults.
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