Schnaubelt, president of Citizens for Private Property Rights, has been a commercial real estate broker for 35 years and was a San Diego city councilman from 1977 to 1981.
The unaffordability of “affordable housing” has been much in the news recently. One report states, “Most people probably have no chance at buying...” i.e., an affordable home in San Diego, with 40,000 people on the waiting list.
“If you take a $1 bill and double it each year, after 20 years, it will compound to a total of $1 million dollars. But if you take the same $1 bill, double it each year and then subtract 35 percent in taxes, after 20 years it will have generated only about $24,000.”
— Malcolm Forbes
If you’ve been reading the many forecasts for 2015, you can’t help but wonder why so many prognosticators are pessimistic — real estate is going to collapse; the stock market will bomb; gold, silver and commodities will plummet! How is it that in our lifetime and our parents’ we see nothing but improvements behind us, and nothing good ahead of us?
The Democratic Congressional Campaign Committee’s second-highest priority last week was equal pay for women. You may recall the hundreds of ads that Rep. Scott Peters’ campaign ran about women making only 77 cents for every dollar a man makes; President Barack Obama said the same thing in January.
O my America! my new-found-land,
Iraq is in turmoil, ISIL (Islamic State of Iraq and the Levant) insurgents are on the march toward Bagdad with reports of mass killings — 1,700 in one incident — and videos showing beheadings, including one claiming the head of a police captain was their World Cup soccer ball. Yes, you can see the video on the Internet.
“Did you know women are still paid less than men? Let's start with the pay gap. It's no secret that women still earn less than men — I wrote recently how even millennial women, while narrowing the divide, continue to earn less than their male counterparts. Today, women make up about half our workforce. But they still make 77 cents for every dollar a man earns. That is wrong, and in 2014, it's an embarrassment."
In their war against jobs, President Barack Obama and the Democrats are raising the minimum wage, knowing it will cost beginners their jobs. Why? Using Orwellian doublespeak, Democrats hope it will be a winning campaign issue and divert attention from the mess they have made of health care and the economy.
"It's not the people who vote that count. It's the people who count the votes." — Joseph Stalin
Resurgent San Diego labor unions have been getting publicity lately for their role in local elections. Two-thirds of San Diego’s population was born after the heyday of labor unions 50 years ago. All they know comes from what they’ve read. Unions claim they raise wages, reduce hours, improve working conditions and provide competent workers. But do they?
Not widely known, the White House and Capitol building were constructed in large part by blacks, some free, some not — along with immigrants who worked side by side without conflict.
We are just ending the worst real estate slump in 40 years. The most recent boom peaked in 2005-06 and then the bottom dropped out.