Thursday, December 29, 2011

In-Flight Post: Costa Rica Bound!

Granted, by the time this post hits the internets we'll be on the ground, but the content was created in-flight!

Today's travel schedule took us from LAX, through Phoenix, and onto San Jose by way of US Airways.  Oddly enough, the aircraft we're on for this second leg originated at Ontario, CA, but LAX is just...and I have to put this in quotes, "More convenient."  Though the airport was pleasantly uncrowded this morning, and my only complaint was that the starbucks immediately past security in Terminal 1 was making sub-par drinks....I'll live.

My second Sky Harbor experience was quite nice, too.  Just a quick dog-leg through the terminal to our already awaiting plane, a quick stop for lunch @ the food court (they now charge for crappy airline food on flights, so may as well grab a burger), and onto the plane.

We scored exit row seats, too, so bonus leg room!

And now the sun has just set & we've got a little over an hour to Tico-Town....stoked!


Wednesday, December 28, 2011

NYE in Long Beach: Don't Say I Didn't Let You Know

Sure sure, I'll be in Costa Rica (Arenal to be more specific) for New Year's, but I couldn't help but share when I came across this little flyer for Saturday Night's activities in the heart of downtown LBC.  I've walked by this place dozens of times and am always intrigued by the look from Ocean Blvd.  Haven't actually been to Sip just yet, but based on the layout, ammenities, location, the online menu, and the below flyer, if I were in town, this is where you'd find me on Saturday night.  Anyone who goes, let me know what you thought of the event and venue; I'm gonna need some LBC haunts when we move down here!



Costa Rica: It's About to go Down!

Less than 24 hours to our Honeymoon trip to Costa Rica, and I can barely sit still.  Yes, I know, we waited several months to go on our Honeymoon but hey, that's just how the logistics worked out.

We're set for a 9 day, 8 night trip that will take us into San Jose, then to Alajuela province to stay at the northern base of Arenal, and finally to Puntarenas province to stay at Manuel Antonio-- and I've resloved to venture over to Jaco Beach for a looksey.

Lots to do, lots to share, so keep the feed rolling as I'll be blogging from Tico-Town for the next week!

Tuesday, December 20, 2011

Take Your Eye off the Throne: This is Laker-Town!

Last night, the highly re-tooled Lakers got a pre-season smack-down from the immensely upgraded Clippers.  I've heard the reactions, the lamentations on the Lakers and the growing expectations of a young Clipper team.  I've heard the assertions that the Clippers are now the best team in town, and that the Lakers have fallen off dramatically.

Please.

Did anyone not see the raw awesomeness that was Darrius Morris last night?  No, just me?  If Derek Fisher is to maximize his utility this year, it's going to be in taking this kid under his wing and teaching him how to run The Show.

Was nobody else impressed by some of the Josh McRoberts flashes of genius?  Feel free to disagree, and maybe I'm just making a Dukie comparison, but I put J McBob on the same "basketball intelligence" level as Grant Hill and Shane Battier.

I was distraught over the loss of my favorite Laker since Nick Van Exel.  I was so excited in the summer of 2004 that I barely noticed Shaq left (hyperbole, but you get my point)  Lamar left a huge hole that isn't easily filled on the Lakers roster, and in fact it's going to take two white boys to attempt the feat.  But if any duo could fill Lamar's shoes, J McBob and Troy Murphy are the two to make it happen.

Yes, Kobe looked old and slow.  Yes, Pau looked soft.  No, Andrew did not look in shape.  Yes, MWP looks worthless on the offensive side of the court.

This is pre-season, folks.

And yes, Chris Paul was magnificent last night, and DeAndre Jordan simply owned the paint.  Blake Griffin looked solid, and the Chauncy Billups pickup looks like a steal right now.

But to the highly trained basketball eye, what did you really notice with a view from the rafters?  The Clippers certainly will put up some SportsCenter highlights this year, because they are a talented, highly athletic team.  Teams like that win games when a) other teams get caught up and try to play like them. b) other teams forget to focus on defense c) other teams are both less athletic and less disciplined.  The Lakers were guilty of both b and c last night, and consequently had the table run on them.

But the intelligence of The Show's new 4's, the speedy PG we finally have in Darrius Morris, the strength of Bynum, the finesse of Pau, and the linchpin of the Mamba will not let us fans down.  True, the path to June is not as clear this year as it had been in years past, but let's not overreact before the games even count.

Ben Rosales (@brosales12), a contributor to the Silver Screen and Roll (SSR) blog probably had the best insight to adjustments regarding last night's game, other than Mike Brown's obvious assessment that the defense needs to be stepped up (don't worry, Mike, cohesion and discipline will fix that).  Ben beat me to the tweet, noting that Mike Brown should keep Pau at the high post as much as humanly possible this season, with Drew down low.  Methinks the high-low game will work well with the Lakers' lineup, and encourage more ball movement than the triangle did.

So yes, the Lakers got smacked last night.  It happens.  But the bandwagon is barely out of the garage and people are suiting up in their red and blue to jump on it.  Feel free, but I'm going to continue driving my purp-n-yellow double-dutch bus even if people hop off because the road ahead looks rough.

GO LAKERS!
I BELIEVE

Monday, December 19, 2011

Even Tim "Tebow's" for the Same Reason You Do!

....for the attention!
 
Am I the only one that sees what is horribly wrong with the below headline?
 

Packers, Tebow lose, but Colts win

 
Yeah, I'd hope 1 person taking on a team would lose.  Badly.
 
The whole Tebow-Mania thing is an absolute disaster, and evident of many things that are wrong with our society.  Sure, blame the media for the above headline and the egomania it proliferates in this country, but it all starts with Tim himself, and his ingenious but sacreligious marketing scheme.
 
People praise Tim Tebow for being a great player (good Sunday player, I''ll consider conceding), an inspiring leader, a model Christian, and I believe that the ladies find him easy on the eyes.  But what supposedly makes Tebow who he is, is the Christian interconnection that he brings to the table.  A southern boy with a wholesome heart.  Makes great TV, right?
 
The biggest reason that I can't stand Tim Tebow is that I don't believe him.  I think it's a ploy; it's a farse.  Tim Tebow has chosen the veil of Christianity as a marketing conduit to achieve attention.  To me, that's the most hypocritical action a person can take.
 
My moment of epiphany came a couple of weeks ago when both the Tebows Broncos and Packers won on last second field goals.  I couldn't put my finger on what turned me off so much about this supposedly good guy that everyone has been gushing over until I saw Tebow's reaction to a winning field goal vs. Aaron Rodgers' reaction.  And no, I'm not a huge Aaron Rodgers fan.  But Rodgers, just as you would expect any QB to do after the winning kick, jumped up, ran onto the field holding back a huge grin while giving a mini fist-pump, found his kicker and gave him the "atta boy" that he deserved.  Rodgers celebrated with his teammates for a moment, then went about shaking hands with his opponenets.  Tebow watched the kick go through in his signature stance (praying for a camera shot, no doubt), bowed his head quickly as the ball went through the uprights, then hopped to his feet and headed over to hug....coach?  Yeah, I'm pretty sure that was the QB coach he hugged after that nail-biter of a game they just one.  Comradarie?  Lost on you, Tim?
 
I'll continue to give the guy opportunities to suprise me and change my view of him, but if this is truly who Tebow is, this arrogant individual is not worthy of being the NFL's posterboy any more than Ochocinco.

Shopping Local: LA's Santee Alley

In the spirit of supporting the 99% this Christmas season, and with the mantra of shopping locally, I decided (as I do every year) to head on down to Santee Alley in LA's Fashion District (12th, between Los Angeles St. and Maple will put you in the heart of it all) to do some of my Christmas shopping.

This place is fantastic.  It doesn't matter what you're looking for, and it's actually better to head down there without an agenda, because you come across some gems when cruising the Alley.  Be it fragrances, t-shirts and athletic wear, suits, shoes (my God, the shoes), watches and other Jewlrey, gadgets, toys, $5 sunglasses (a staple of mine), luggage, handbags, hats, and oh, the Food!

I was able to avoid the bacon-wrapped hot dogs this go-around, but that's an anomally.  And of course I found a Christmas present for my nephew before heading home.  If you've still got some shopping to do, definitely come on down to Santee Alley!

Here's some pics from the Alley and the Fashion District...


 




Thursday, December 15, 2011

Obligatory Windpocolypse Post

Since Southern California is again receiving High Wind Warnings and advisories, and thunderstorms have been brewing this afternoon (check that-- IT'S HAILING IN LONG BEACH), I thought I'd give a quick nod to the "Wind-pocolypse" of two weeks ago.

On December 1st, stories ran throughout the country covering the massive wind damage and power-outages across the LA area, and in particular the San Gabriel Valley.  Pasadena, Altadena, and Arcadia were the hardest-hit communities, with my wife having to work with no power on both Thursday and Friday, and my in-laws without power to their home for nearly a week.  In addition to that, there wasn't a street even in Glendale that didn't have this chilling somewhere along the path....



Not to mention the game of "find the traffic signal" that so many people seemed to suck at, and blow right through the powerless intersections.  It took Glendale DPW a solid 5 days just to get this guy completely out of the way, though it seemed that by Saturday morning, most all of the major limbs and branches had been cleared out of the main roadway and off to the parking areas and sidewalks.  Definitley more destruction that I would have thought, but hold on tight, because it looks/feels/sounds like we've got some more interesting weather headed our way!

Costa Rica Count-Down Clock Ticks Under Two Weeks!

My wife and I are going on our long-overdue Honeymoon exactly 2 weeks from today.  Flying in to beautiful San Jose, Costa Rica, then off to Arenal for 4 days, and later to Manuel Antonio for another 4 days.  The excitement is mounting; I've never been out of the country for New Year's!  We're definitely going canopy-gliding, and I'm sure some snorkeling is in order, perhaps even a hike on the volcano.

But one of the things I've noticed most since telling people we're going to Costa Rica for our Honeymoon, is how many people have been or know people who have been!  It seems as though this is going to be one great trip, but does anyone have any activity suggestions to fill some of the rest of our time there?  Other than the obvious Honeymoon obligatories, of course!

Coming Unglued: This isn't the 1987 Lakers

I've tried my best over the past week to keep quiet, projectile retweets notwithstanding.  I've tried to withold judgement on the status of the Lakers' shortened free-agent season, but as much as Magic Johnson has been urging us all to keep patient and have faith in the Lakers' front office, I think I've run out of mine at this point.

It's enough that the rumors of a blockbuster Chris Paul-to-LA trade leaked to the media and consequently all NBA fans, creating a huge frenzy, let alone the spin put on the failed negotiations that the League office vetoed the trade at the behest of crying owners such as Cuban and Gilbert.

But to add to the failed CP3 trade, letting Lamar Odom go for nothing?  I'm sorry, but a draft pick is useless to a team like the Lakers.  And to let him go to Dallas, who swept us out of the playoffs last year, and whose owner cried at the mere mention of Paul going to the Lakers, was just wrong.  I've waited for the other shoe to drop, waited for the larger picture to come into focus, but nothing has changed.  The Lakers dropped their best all-around player out of fear, and got nothing in return.  Dr.  Buss wouldn't let this happen, if he was in good health.

Then, to replace the sixth man of the year, one of the most versatile players of this generation, with Josh McRoberts?  Really?  Hey Mitch/Jimmy, WE STILL NEED A SPEEDY POINT GUARD WHO CAN PLAY DEFENSE!  Josh Mc Roberts.  Come on!  This move rivals the multi-year contract gifted to Luke Walton a few years back, as far as bad business decisions go.

This current Lakers squad is nothing like the 1987 squad that people thought was over-the-hill.  Kareem was still better than Pau and Bynum combined at age 38; let's not forget that this man is arguably the best big man of all time, and holds the NBA career scoring record.  And in 1987, Magic Johnson was in the prime of his career, aided by James Worthy and all-defensive team perennial Michael Cooper.  Please, when you think of how stacked the 1987 Lakers were, it makes you want to find those nay-sayers from 25 years ago and heckle them all over again.  But this 2012 squad is truly aging and fragile, and in need of some serious re-tooling.

But now that Chris Paul has officially been traded to the Clips, and Dwight Howard is seemingly off the market, the big moves that the Lakers were supposed to make this offseason seem like nothing more than big dreams.  This time last week, CP3 and Superman were coming to play for the greatest franchise in the NBA; this week that same franchise is setting up for implosion in this lockout-shortened season.

But hey, maybe this means tickets on Stubhub will be cheap and I can get to a few more games this year!  There's always a silver lining, right?

Tuesday, December 13, 2011

Playing With Matches: My Thoughts on Bullying

Last week I took to Facebook after seemingly being inundated with news stories, commercials, and television episodes all touching on the topic of bullying.  Yes, bullying is both ethically and morally wrong, and is most definitely an unpleasant test of character to whomever is the target of a bully's outburst.  But I found it curious that all of the advertising and 'awareness' forces seemed to align over the past few weeks to make it a topic-du-jour; one that was staring me in the face each day.

Whenever an interpersonal conflict manifests itself, we have two choices in how to approach resolution: We can externally seek to influence the behavior of those we are in conflict with through direct confrontation, or we can internally reflect, take time to understand, rise above, and allow the conflict to resolve itself through our own personal growth.

The psychology of a bully has been, and will always be the same.  A bully is born of personal insecurity and self-loathing.  A bully needs attention.  A bully is so unhappy with their own life situation that they resort to acting out and bringing other down with them.  A bully targets someone who 'threatens' them in some way.  A bully actually begs for pity and sympathy through their action.

Now, let's clarify that physical violence transcends from bullying to assault, and demands immediate intervention.  When the name-calling devolves to pushing and shoving from a bully, it becomes abuse and must be stopped and dealt with on a higher level.

When it comes to the psychological torture imposed by bullies, it is true that advancements in technologies have made it easier for acts of bullying to be carried out.  Not only that, but technology can provide a layer of anonymity and can be far reaching, proliferating a bullied message once it begins.  But the message of the bully is still the same: Pay attention to me!

It's been brought to my attention that it is inappropriate to draw on my own personal experiences of bullying, as though getting bullied today is so different, and I cannot possibly empathize or imagine what it's like in someone else's shoes, even though I've been there.  True, technology wasn't a factor while I was growing up, but the psychology of the situation is the same as it has ever been.  But alas, I will refrain from drawing on my own experiences in demonstrating my thoughts on the current pop-culture message on the subject.

Continuing on that line of thinking, I suppose that invoking some of the following basic philosophies taught while I was growing up are also inappropriate: "Sticks and stones will break my bones, but names will never hurt me," "If you can't say something nice, don't say anything at all," "Don't let someone who's not worth your time get the best of you," "Be the bigger person and walk away," etc, etc.

But what about philosophies we as a society have been taught for 2000 years?  What about turning the other cheek?  What about forgiving someone who has wronged you seventy-times seven times?  What about the Golden Rule?  What about forgiving those who know not what they do?  See, these teachings are not easy to always follow, but are teachings that truly help an individual to develop fortitude and a solid sense of person.

And perhaps the teachings of Jesus Christ are most applicable to the bullying arena.  We're taught that Jesus loves us no matter what, and that through all trials, we must have faith, be strong, and forgive those who do us wrong.  We are challenged to leave selfish desires aside and to instead look to the needs of those around us.

What is absent from those teachings is the "Woe is me," approach that society today seems to be taking with the current anti-bullying campaigns.  Yes, it is up to authority figures to "Stomp out Bullying," but Demi Lovato's PSA comes off as just whiny.  I feel that our society enjoys shining lights on topics such as this to deliver the message: Feel Sorry for These People.

Even more simply, campaigns such as this are about loudly fighting against an injustice.  They are double-anti campaigns: against something that is "bad".  The limit to the positive message that can be delivered is simply that the "bad" thing is ended, and the level of sensationalism introduced by these campaigns makes one wonder what would happen if the creativity used in these campaigns were put to actual, productive use.

But what about a double-positive campaign: Being pro something "good."  Instead of anti-bullying, how about promotion of self?  How about a campaign that promotes bringing people together?  Wouldn't that not only leave the bully on the outside of the social circle, but also create a safe social environment?  What about reinforcing that words are just that: words.  Yes they can be emotionally painful, but at the end of the day, a bully's words do not prevent you from snuggling with your kitty, enjoying a movie with your family, or going about your day.  Words only get in the way if you let them.

So yes, while bullying is wrong, and while pop-culture spotlights the number of suicides related to bullying, I loudly roll my eyes as far back in my head as possible when continuing to come across these campaigns.  Why?  Because to quash the effects of bullying, it's up to the "victim" to develop the proper tools to deal with the situation.

Bullying is a fact of life.  Some people even view being bullied as a rite of passage.  So why not teach people how to handle it, rather than to just say that it's wrong and needs to be stopped?



Friday, November 25, 2011

So Cal Sports Check

Last week, Clayton Kershaw of the Los Angeles Dodgers deservedly took home the Cy Young award.  This week, Matt Kemp of the Los Angeles Dodgers was undeservedly snubbed of the NL MVP Award.  However, showing enormous character, Matty just smiled, shook his head, signed his PHAT contract extension, and gave the classic 'wait 'till next year' statement.  We can't Matty.  We can't.  We're super-hyped and so proud of what you've done this past season despite the McCort mess that we're already on the edge of our seats in anticipation of March.



From postseason accolades to lost season lammentation: Though the decertified players and the league have supposedly resumed talks today in anticipation of striking a deal that would get Christmas games on the docket, I'm not holding my breath.  I started back in June with the solidified mindset that we would have a repeat of 1998-99 and have about a 50 game season.  That middle-of-the-road, should-have-been-realistic view is finally turning sour to despair, as I stare at the towel that was this season while I ball it up, ready to throw it in.  The media really needs to stop with the false hope thing on this one.



This Saturday at the Colliseum, the Los Angeles Civil War gets underway at 4pm with the 9-2 USC Trojans hosting the 6-5 UCLA Bruins.  Since USC is not elibile for anything that counts, UCLA will claim the Pac-12 South with a win and go on to play in the Pac-12 Championship game.  Who'd have thunk it?  Of course if they lose, Rick Neuheisel should polish that resume quickly.



Finally, since there's on pro ball being played and nothing to get excited about on that front, let's turn to the excitement of NCAA Hoops!  My Alma Matre, Santa Clara Universtiy, is playing tonight at the Anaheim Convention Center against Oklahoma after taking out New Mexico in a 79-76 overtime thriller on Wednesday.  It's still early in the season, and yes, the Broncos got waxed by UCSB in their first true game of the season, but they were sure to take out their aggression against San Jose State and continued the impressive play on Wednesday.  Tonight's game is a 9pm PST on ESPN 2. 

Wednesday, November 23, 2011

Another Occupy Protest?





Yes!...and in the new Promenade Walk district in Downtown Long Beach!  Except it was just CSI Miami filming and episode that will feature the popular OWS movement.  Not sure yet when it airs, but keep an eye out!

Thursday, November 03, 2011

October BC Post FAIL

I held off on posting about Breast Cancer Awareness month because I wanted to follow the common advice of not writing anything when incensed.  However, as the month wore on, I realized that this is a subject over which I will never be less than adamant over its sketchy and less-than-benevolent nature for a cause.  I continued my research on the matter, but I never got to delving into the operations of SGK to uncover the true percentage of $ that actually goes to the cause.  This, however, I will contend over and over and over again.  The SGK foundation repatriates more money into the US Economy than it sends to breast cancer research.  This is because they spend inordinate amounts of money on advertising and in partnering on pink-branding products that it isn't feasible to pass-through even a majority of the donations or product revenue to the actual cause.

But I'll stop there because October is over.  I will double my efforts for a post or a few posts on the topic next year, but I WILL leave this on the table...

-Pancreatic Cancer kills a higher percentage of its victims (i.e. Patrick Swayze, Steve Jobs)
-Lung Cancer kills 4x as many people as breast cancer
-The only cancers that have higher gender specificity are ovarian, testicular, and prostate

So, until next year, something to marinate on...

Thursday, October 20, 2011

Sunday, October 09, 2011

Occupy Wall Street: A For Effort

F for execution.  The Occupy Wall Street movement was born from a great message and a necessary protest; the top 1% of wealthy Americans have prospered at the expense of the remaining 99% during the course of the current economic slump that began in late 2007 as Countrywide sputtered out of control (few experts actually acknowledge that to be the true beginning of the financial crisis and instead point to Lehman.  Fact is, the recession started Q4 2007, long before the Lehman collapse).  So, the outrage-- I get it; I'm outraged at the disparity in wealth, too.



But the expression of this outrage is unfocused.  By occupying all of Wall Street, the movement is spreading its outrage from the 1% they are intending to target.  Instead, the protesters are yelling shame upon their own, people who are just working their own 9-5.  And while those employees may be just as frustrated with the fat-cats at the top, they're just happy to be getting a steady paycheck with 9%+ unemployment.  Is that so evil?

In truth, the Occupy Wall Street protesters are no more than a mob of angry bigots, when you really think about it.  They've painted every employee of a financial institution as an enemy-- a proverbial fat-cat, regardless of the income that financial professional may be making.  It's tantamount to stereotypical discrimination of any group.  But please don't take my identification of the situation to be a complaint, because I've always been of the philosophy that stereotypes are 1) Funny and ironic 2) YOUR responsibility to defy.

I'm a banker.  Let's see if I can defy the stereotype, then.  Let's see...thanks to student loans, I've got a negative net worth.  Don't own a home, don't live to excess, and I don't make money off of others' misfortune.  In fact, I work for a small, community-based commercial bank.  These banks have become so over-regulated that the "speculation" the media says occurs couldn't be more far from the truth.  In fact, it's impossible for a bank to "take a chance" on a business anymore, as Pink's hotdogs claims in the latest BofA commercial.  Without all 5 C's of credit firmly in place, regulators would criticize any bank-made loan, making "taking a chance" a career-ending decision.  Whew!  Glad then, that I can defy the stereotype that's being protested on Wall Street.



So, Wall Street protesters, want an A for execution?  Take a page from the book of the group of folks that set up shop outside the home of Wells Fargo's CFO, Timothy Sloan, in San Marino.  While his compensation is unavailable at Reuters, John Stumph (the CEO) has a package worth $18MM, so we can safely assume that Timmy's making a cool $5mil+.  I certainly don't condone the fact that the 'Refund California' protest actually bled onto this property, the idea was right.  Protest outside Tim Sloan's house.  Hound Jamie Diamond like the Paparazzi on Lindsay Lohan.  Denigrate Lloyd Blankfein and call him horrible names in front of his children outside of his home for all I care.  His children should know that their father is a horrible, lying, greedy SOB that should have been in jail for the past 3 and the next 300 years.

But the IT guy making $65K?  The operations manager making $90K?  Even the senior credit administrator making nearly $200K?  Leave them alone!  They're integral cogs that would actually make the financial system work if the C level executives of the behemoth, political-monster institutions would stop counting their own net worth and realize that they are thoroughly pissing everyone off with their selfish greed.

The Occupy Wall Street message is great, but the actions aren't matching the message, and this is my recommendation to rectify that divergence.

20% off Premium SSL Certificates at Go Daddy

Friday, October 07, 2011

REITS, Landlords, Real Estate "Sell-Side" Still out of Touch



The real estate market has been in a tailspin since the end of 2007.  You would think that 4 years of turmoil would bring back some sort of normalcy to market forces, and certainly would indicate favor for the real estate "buy-side" transaction, be it either a potential buyer or tenant.  But oh, how out-of touch and in denial those folks are!  Either from using the house like an ATM, buying the "dream home" at the height of the market, listening to the idiotic Realtor commercials telling people that these past 3 years have been the "best time to buy," or investing in an over-leveraged REIT or commercial property venture and expecting a nearly 10% return when rents have only fallen in the last 3 years.

Let's take Long Beach for example.  It's been the latest area of real estate analysis for me personally, as this is where I'm looking to relocate.  Forget the fact that both my wife and I have degrees in higher education (the wife even has a doctorate) and that it is a complete head-scratcher as to why a married couple making a comfortable six figure household income can't afford to buy an SFR with a yard.  Not something huge even, just a 3x2 of maybe 1,400-1,600sqft in a neighborhood that I'm not going to get shot at. 

Instead, let's focus on the obvious.  Even though HOA fees for condos are absolutely absurd in most desirable areas of Southern California, prices are almost in the ballpark of what would equate to a reasonable housing payment (I say housing to include P&I, taxes, insurance, and HOA fees), meaning approximately $2,000 for a 2-3 bedroom with at least 2 bathrooms and at least 1,200sqft.  As the price of a condo will be affected in direct proportion to the HOA fees, let's explore as to why they are so damn ridiculous these days.

hotels.com Fall Sale: Save up to 40%!

First and foremost, HOA fees are elevated to unreasonable levels due to the sheer cost of the projects that they undertook during the housing bubble that bred so much greed.  Land prices became inflated, and prices for construction materials were elevated.  Add $ to the new condo project, and a higher $ amount to reach the % threshold promised to investors.  On top of that, many of the REITS and commercial property ventures assumed that by adding "luxury amenities" that they could see a premium to their return.  Granite countertops, overdone common areas, in-house fitness centers and poolside amenities were used to justify even more exorbitant prices.  There were two things wrong with this strategy; the overdone common areas have gotten extremely little to no use, rendering their value questionable, and many former 'luxury' items such as granite countertops are no longer scarce enough to warrant price premiums.  Add to that the fact tha the REITS funded the properties with as high of a leverage as possible (typically 70% LTV) and have historically been complete failures when it comes to projecting upkeep costs to maintain as reserves, and it's not hard to see why REITS like Archstone are still trying to charge $2,000/month for a plain vanilla 2x2.

Not that the land-lease REITS are any better.  For instance, HOA fees along Ocean Blvd. are all $700/month+.  I suppose I can understand that amount for the residents on the top few floors with ocean views, but for the rest, the residents are paying for the land owners' poor investment decisions.  Still, even though HOA dues are $600/month at the Promenade, prices for 3x3 condos in the building have come down close enough that a total housing payment would be about $2,200.  Note to Archstone: I belive that your claim of 94% occupancy to be a bold-faced lie, solely based on the prior calculation alone.  And there are a few other 2 and 3 bedroom places available in Bluff Heights and Belmont Heights that are also in the $300,000's....and this is near the beach, people!  So, prices are slowly coming back to reality-- enough for someone like me, who's sick of paying rent, to take notice.

But the sellers....oh, the sellers.  Let's take one of the Promenade units for example.  It originally sold in Feb 2008 for 285K.  Perfectly reasonable.  It sold in May 2008 for 505K (I'd like to meet that idiot and laugh).  It has since been listed in early 2011 and been slightly reduced on a regular basis ever since.  Now, I'd be happy to pay more than 285K for this place, but one absolutely cannot ignore that original sale price and can almost be certain that the value will dip very close to that original price before the real estate market truly hits bottom.  That's right; no matter how much white noise you've heard on the news or read on the internets, the housing market has not yet bottomed.  In fact, it will not reach bottom until interest rates have been rising for a good 3-6 months and investors can properly assess Cap rates on multi-family and SFR markets. 

So in summation, sellers be ready to make some more concessions, because as the prices fall on condos, that will permeate to SFR's and then to multi-family rentals.  Take your hit now and let the buyer dictate at which point they are ready to assume the further market losses.  Today's market value won't be tomorrow's, so don't think the ball is in your court just becasue you hold the asset.

Thursday, October 06, 2011

Reaching Sustained Readership

Badass!  The Spot has been enjoying a sustained mass of readership, even though I've been pretty bad about updating voer the past month.  Our base readership is 7 views per day, which isn't huge, but I'm doing this for S's and G's, not the CREAM.  That said, this is October-- breast cancer awareness month.  Get ready for my scathing post on this "should be, but isn't" benevolvent cause.  Additionally, Dexter is filming in the parking lot across from work, the wife and I are fed up with stupid Glendale, and I begin delving into the happenings in and around the LBC.  This much for October, I can promise!  Keep the feed rolling...

Monday, September 12, 2011

Expo II Breaks Ground

This morning I watched the story on KTLA like a little kid.  Finally, they were breaking ground on the second phase of the Expo line, which will extend from Culver City to Santa Monica.  Obviously, there is still some opposition by the NIMBY crowd in Cheviot Hills, arguing there will be heavier traffic in the neighborhood, and this could delay the scheduled 2015 opening, but you've got to be excited by progress, right!?!

hotels.com Fall Sale: Save up to 40%!

Then I heard something troubling-- that the Expo Line phase 1 would not open until the beginning of next year! Now, I know there have been plenty of bumps in the road that have caused delays, but I had to check this one out.  As it turns out, there are two pieces of the phase 1 project, and the first piece will open late this year (as we had previously been informed), and the final portion including a bridge over Jefferson will be opening in the beginning of 2012.  Mystery solved.

If you'd like to read the entire LA Times article on the subject, you can find that HERE.

And here's their map of the project....


Glendale Discourages Tennis

Up to 90% off top rated local fun!

My wife and I registered for (and of course, got) tennis rackets, something we thought would be fun to do together.  On our mini-moon to Vacation Island, we enjoyed our time on the court, despite the swarm of bees that came cruising through.  And it was clear we would need to play more, because I owed her for the swift ass-kicking she gave me.

Growing up in Moorpark, I was used to shooting hoops right by the tennis courts at the parks.  I didn't play tennis, but knew that I always could go play a game if I had a racquet on me.  In fact, there was a summer that a bunch of us would head over and mess around on the tennis courts after basketball practice.  Point being, at the public city parks, the courts were always open.

However, upon searching for a place to brush up on my swing and avenge my loss, it was impossible to find a place in Glendale that did not charge court fees.  Being a basketball recreationist myself, court fees are something I just am not familiar with.  Furthermore, I couldn't make sense of why there were court fees to play tennis and not basketball at the Glendale parks.

Of course, and probably due to the fact that there are fees, there was nobody playing on the courts at Freemont park.  However, there actually were a few people playing at Glorietta park, though there were still court fees.

I'm having a real hard time swallowing this for more than a few reasons.  First, if they start with tennis, is basketball next?  Second, isn't that discrimination?  Third, isn't that discouraging people from exercising?  Fourth, isn't this a public park? Fifth, I live in this City; why aren't tax dollars covering this?  And finally, why are you charging and where is the money going?

C'mon, Glendale!  LA's got plenty of free courts, and so does Long Beach.  What gives?

Wednesday, August 24, 2011

Walking LA: Los Feliz

A couple of years ago for my birthday, my wife (then my girlfriend) got me a great book called Walking LA, by Erin Mahoney Harris.  It's a fantastic book of various walks through neighborhoods and points of interest in LA, and we've taken up the task of trying to complete all 38; we're about halfway there.

This past weekend we went on the Los Feliz walk, which takes you up into the hills and past Frank Lloyd Wright's Ennis-Brown House, then down to Barnsdall Art Park and Wright's Hollyhock House.  It's a great walk and one heck of a workout.  There's an abundance of stairs, both in the hills and at the park, and the whole walk is about 3.5 miles.  There's more factoids in the book-tour, but here's a few photos that I took along the route...

Last Minute Deals from hotels.com Canada!

Public Walk Los Feliz Hills Ennis-Brown House Landmarks from Barnsdall Hollywood from Barnsdall Park Barnsdall Dedication Mural

Saturday, August 20, 2011

Destination: Pierpont Beach

A little slow to the draw, I know, but here we go.  We spent last weekend at Pierpont Beach in Ventura;  a nice getaway not too far from home.  The house we stayed at is available at HomeAway, and was a perfect location and layout for our family.  Of course the weather was a bit overcast most of our trip, as can happen in August in Oxnard and Ventura, but I still managed to get a bit of a tan.  The house was right off of the Pierpont bikepath, which runs from the north end of the marina at Marina Park to the north end of the Ventura County Fairgrounds.  I highly recommend this location for a local beach getaway; there's even a quaint little restaurant row on the west end of Seaward, and you have to go to Duke's burger shack.  Best of all, we went during the Fair, and there's a shuttle that leaves from the Ventura Marriott at the entrance to the neighborhood.  Here's a shot I got from the Ferris Wheel...


Thursday, August 11, 2011

Getting out of Town...Sorta

Heading to the V-Town for a beach house vay-cay with the fam for what is debateably a staycation, given that it'll only take about a half tank of gas.  The VC fair is on, so I'll take the opportunity to post on other happenings in So Cal outside of LA city limits this weekend.  Keep the feed rolling!

Tuesday, August 09, 2011

Wild Market Ride

Yesterday was the first trading day since the S&P downgraded their rating of US debt, due to the fiscal policy instability in our country.  The instability stems from a complete inability to compromise on Capitol Hill.  The left side of the aisle points their fingers at the right side, saying it's going to take both spending cuts and revenue increases to fix the problem that the right side won't listen to, and the right side of the aisle is throwing their hands in the air claiming a mandate from the Taxpayer to fix rampant spending abuse in Washington, then folding their arms and playing chicken with default.  But ensuring true, longterm economic health is not an overnight fix, something both sides were looking for and stood firm on.  Even with an analytical error, S&P was right to downgrade US debt, because there is a major structural issue to address.

That is a large part of what caused yesterday's massive selloff, taking the stock market under 11,000 and closer to Bear Market territory.  The other major fundamental aspect to the economy that would let the air out of stocks is that it appears that QE has ended, and the debt deal hints that it wouldn't be prudent to inject any more liquidity into the markets, artificially inflating them.  Therefore, the market is now right-sizing to what it would be sans intervention.  Of course, today we had a pop-back in reaction to the Fed leaving rates low, but once that announcement gets fully digested, I think the market will interpret the statement as I did: You're on your own, now.

Today's Fed decision was to leave the target benchmark overnight interest rate between 0-0.25% until the middle of 2013.  The bond market naturally went nuts over the news, as a 2-year T-Bill essentially became an overnight note.  The stock market went schizophrenic, unable to decide whether all of the dire ajectives about the economy overshadowed the low-rate environment or not.  The little engine that could (open-market LIBOR rates), however, has continued to chug along as it has for the last month in an upward direction.

So, based on the fact that 1) LIBOR is on a slow but consistent rising trend, 2) There were 3 dissenting FOMC members to today's statement, all which would have preferred to keep rates low for a shorter duration 3) The Fed has never set a target date horizon for a consistent rate level, leading me to believe that the decision, while probably an analyzed and educated estimate, is more of an emotional appeal to appease the market and rates may not in fact remain this low until 2013 --  We're in the full-swing of a US Treasury bubble, or an inverse bubble for rates.  Market returns must out-pace inflation, and as mortgage rates get pushed under 4% again this week (just watch), investors will begin to again search out a predictable stream of income (i.e. dividend paying stocks, corporate bonds) that will provide a more reasonable investment return.  Comparative risk appetite may increase in the mid-term, which should cause a demand decrease in US Treasuries and the subsequent and ineviable rise in yeilds.  This is the slow and healthy process of the cyclical economy, and hopefully we're disciplined enough to accept this over a quick fix as we have in the past.

Saturday, August 06, 2011

With Respect to the S&P Downgrade

Back on July 29, I commented on how we would be discussing a downgrade of US debt this week, even if a debt ceiling deal was passed and adjustments to budget spending were made.  I mentioned that the politicians had already turned off market confidence that a long-term solution would be reached, and that a downgrade by Moody's and S&P was still imminent.  Well Moody's, you've got a few more hours, but I'm guessing that all of the political backlash to the S&P decision may be causing Moody's to second-guess a downgrade on their part, as well.

Monday morning will be very interesting to see how the bond markets react to this news, and what kind of risk-premium will be built into US Treasuries, if any.  Even more importantly will be to continue to keep an eye on the 1 and 3 month LIBOR rates, which over the past 30 days have slowly but steadily risen from their lows.

Thursday, August 04, 2011

2011 6 Man Tournament: Recap

The 2011 6 Man Volleyball tournament in Manhattan Beach, the 50th Anniversary of the Charlie Saikley event btw, was a great scene as always.  This year had a different vibe early on, as the sand wasn't as packed as in years past.  That definitely changed by about 1pm, so perhaps everyone was just getting a lazy start due to the marine layer that dominated the morning.  Here's a few of the photos I took during this year's tourney, and why I always say that if you haven't been....GO.  Set Your calendars for ONE YEAR FROM TODAY.  August 4, 2012...Celebrate Obama's Birthday in Style, like this....
Team WWF Huddles up, prior to dominating

Luke Walton can't help himself, has to run through the ring...

It quickly became apparent what the players are up to during the NBA lockout.

Kevin Love tries to show Jordan Farmar how it's done; an exercise in futility, no doubt.


...but he does know how to negotiate with the ref, regardless of what court he's on!

Luke gets pumped after his teammate puts up the monster block