September 18, 2008

Is There Anybody Out There?

 insane Is There Anybody Out There?

As I drive down Washington Blvd. in Fremont I am awestruck at the huge bridge and landscaping that is going on at Osgood. The idea is to have traffic drive over the railroad tracks via a bridge. But that means restructuring the whole landscape by demolishing houses and building big hills of dirt, etc. Is it just me that finds the attitude of:  ‘let’s build pretty conveniences instead of helping out the lagging housing market and do it all on an outrageous budget as the economy is falling apart’ a very sarcastic slap in the face? Did someone just decide heck, I don’t like the looks of the old railroad tracks on Washington Blvd. and I don’t like driving over those horrible bumps (railroad tracks) because I spill my coffee?

So, let’s borrow, borrow, borrow like there’s no tomorrow and keep up the façade that everything is okay. Our kids don’t need homes to go to home to or after school sports and music programs when they will have a beautiful new bridge and railroad tracks to admire. I’m sure the bridge will hold up better than the economy right now anyways.And check out the 92/880 interchange construction going on for several years now. Do we really need to rework and rebuild the whole dang thing rather than help all the people who drive on the highways keep their houses? I think not! What has happened to our priorities? It’s almost as if city planners are staging the cities themselves much like one would stage a house that is up for sale, except — the city isn’t for sale (at least not yet). And to liven up the insanity of this project, one day as I was trying to make my way through the narrow passage of the temporary white barricades (I swear they move them in a little each night) I saw one of the orange hat workers carrying two handfuls of dirt from one side of the road to the other. OMG! That’s one way to maintain job security, by lengthening the time it takes to rebuild. Bulldozers move the dirt too fast for him I guess. I know the contractors are suffering a lot in this economy because of the drop in real estate but c’mon – I was laughing so hard when I saw that I almost plowed into one of the temporary barricades (which, by the way, have a disturbing amount of what appears to be tire tracks on them).

And the 880/Mission Blvd. interchange construction going on now is slowly forming into a useless mess. It looks as if they are just using a ‘winging-it’ type of design. Let’s try this – no, let’s try this – no let’s try this. Why can’t we just leave the roads where they are, fill the holes as they happen and put all those millions, no billions into rescuing the economy. I know it may be just a drop in the bucket, but it is still better than a bucket with no bottom at all. I guess I am just very ‘old school’ when it comes to budgeting. I always went on the assumption that if money gets tight you tighten your belt (so to speak) and forfeit even the little luxuries till things get back on track.

I’m just talking about a few cities here in the Bay Area that have lost their ability to prioritize. It’s really scary to think about how many cities in the United States are doing the same thing. In fact, I have yet to find an airport in the USA that doesn’t have some kind of construction going on. Stop buying the filet mignon and get creative with hamburger for a while to get this budget crises taken care of. Focus on the really important things like being able to afford and keep a place to live. I’m concerned, worried, stressed and strangely amused by the insanity — all at the same time.

And one last thought to add to the mania of the falling housing market, what about my bank account? If all these bank accounts are insured by AIG, and we, the taxpayers, just bought AIG, are we now insuring our own bank accounts?


REAL ESTATE TERMINOLOGY:
Functional Utility – The combination of the usefulness and attractiveness of a property.


  • To QuestionsAbound: You do make some very good points, thank you for your research and insights! I realize now that my post did make it sound as if all of these 'projects' are recent decisions which I didn't mean for it to be. I realize they were thought of and put into action quite a while ago. At what point would you put a project on hold? When a bridge is 1/2 way over the highway? After the RR tracks have been dug up? A tough call indeed.

    And to put a ban on people moving into CA would put a whole new twist on 'border patrol', yikes! CA has a lot of border area to cover. Or waiting for someone to die to have a baby would really give Arnold back his title as the Terminator. The city of Oakland would have a really quick turnaround of new babies!

    All kidding aside, I really have to agree that this mess we are in was caused by reckless spending. And I find it disturbing to see bylines on the news like: "No SSI cost-of-living increase from state; 10% Medi-Cal cut remains in budget; K-12 schools get state-minimum budget." Are these the areas we want to tighten our belts? It is definitely a 'fine mess we've gotten ourselves into' and that is why I ponder the choice of road maintenance over education costs, etc. I think the real estate crisis has become the big infected 'boil' that we don't have enough ointment to cure. I wish I did know the answer!

    Again, thank you for your input because it is very much appreciated!
  • QuestionsAbound
    I'm going to join the have-to-disagree with you Sue. Neither the Washington/Osgood or Mission/880 mentioned above are borrow, borrow, borrow like there is no tomorrow projects. They are long-term deliberative planning projects with definable benefits and goals unlike the lassie-faire deregulated economic free-for-all which got us into this mess.

    The Washington/Osgood 'bridge' is part of a 5-year project to separate the trains from cars and pedestrians, alleviate congestion, noise (train whistling in the neighborhood), and provide a path for BART to Warm Springs and parts south. It initially came up back in the late 90's and was formalized in 2002. So not exactly a recently decided 'pretty convenience' to help cars avoid the bumps.

    Monies for the project are encumbered funds from grants and bonds. Diverting to other uses would be fraud, allowing the investors in the bonds to sue for damages, putting the city and thus the residents on the hook for additional millions of dollars.

    Regardless, everyone loses when you rob Peter to pay Paul. Which is the basic problem at the state and national level and was reflected in the housing run-up. We don't need rainy day funds! It always goes up in perpetuity.

    City of Fremont homepage - click on Grade Separation for more info.

    They did only add a lane in each direction for the Mission project (HOV). But they are also adding a Warren Ave overpass for local traffic. Instead of the current having to curl around and back up the combined off/ramp traffic onto the freeway. There will also be direct off/on ramps from 880 to Mission alleviate congestion and get everyone through faster.

    Eventually they will widen Mission to three lanes each way, fix the ramps at Kato and continue the BART/train v traffic/pedestrian grade separation as BART moves past Warm Springs and south.

    City of Fremont homepage. Click on Roadwork Information and the 880/Mission link pops up.

    Of course both projects should probably be scrapped as they are only improving some piss-ant roads to handle growing populations which are transitorily questionable in the near term as job growth slows. Its not like it takes years to complete the work or anything.

    Economies are cyclic. Mass transit and roadway construction take time. If you shelve long-term projects every time the economy hits the toilet you only fall further and further behind in your ability to handle future growth.

    The other real choice is to limit population growth. Either bar people from moving into the area unless someone moves out and/or institute a ban on child bearing within the region. Until someone kicks the bucket you can't reproduce. Get your name on the list early so you might have a chance at having a kid when some does die.

    I don't think many people would be happy with either solution.
  • QuestionsAbound
    I'm going to join the have-to-disagree with you Sue. Neither the Washington/Osgood or Mission/880 mentioned above are borrow, borrow, borrow like there is no tomorrow projects. They are long-term deliberative planning projects with definable benefits and goals unlike the lassie-faire deregulated economic free-for-all which got us into this mess.

    The Washington/Osgood 'bridge' is part of a 5-year project to separate the trains from cars and pedestrians, alleviate congestion, noise (train whistling in the neighborhood), and provide a path for BART to Warm Springs and parts south. It initially came up back in the late 90's and was formalized in 2002. So not exactly a recently decided 'pretty convenience' to help cars avoid the bumps.

    Monies for the project are encumbered funds from grants and bonds. Diverting to other uses would be fraud, allowing the investors in the bonds to sue for damages, putting the city and thus the residents on the hook for additional millions of dollars.

    Regardless, everyone loses when you rob Peter to pay Paul. Which is the basic problem at the state and national level and was reflected in the housing run-up. We don't need rainy day funds! It always goes up in perpetuity.

    http://www.fremontgradesep.com...

    They did only add a lane in each direction for the Mission project (HOV). But they are also adding a Warren Ave overpass for local traffic. Instead of the current having to curl around and back up the combined off/ramp traffic onto the freeway. There will also be direct off/on ramps from 880 to Mission alleviate congestion and get everyone through faster.

    Eventually they will widen Mission to three lanes each way, fix the ramps at Kato and continue the BART/train v traffic/pedestrian grade separation as BART moves past Warm Springs and south.

    http://www.ci.fremont.ca.us/Co...

    Of course both projects should probably be scrapped as they are only improving some piss-ant roads to handle growing populations which are transitorily questionable in the near term as job growth slows. Its not like it takes years to complete the work or anything.

    Economies are cyclic. Mass transit and roadway construction take time. If you shelve long-term projects every time the economy hits the toilet you only fall further and further behind in your ability to handle future growth.

    The other real choice is to limit population growth. Either bar people from moving into the area unless someone moves out and/or institute a ban on child bearing within the region. Until someone kicks the bucket you can't reproduce. Get your name on the list early so you might have a chance at having a kid when some does die.

    I don't think many people would be happy with either solution.
  • Mike
    What is with that Mission Blvd /880 interchange? The construction has been going for years and now that it is getting near completion it looks like it will only have enough width for one more lane. What kinda wasteful spending is that!
  • Hi Slappy,
    Yep, I did say that but I did not say the housing market is failing because of the projects. And hey, we have all made a bad decision in life at one time or another. Look at the divorce rate. There are plenty of fast talking salespeople who will take advantage of someone who isn't as knowledgeable as they should be. Unfortunately this city (and others were not built on rock 'n roll but on advertising. I really enjoy hearing from you! Much better than muttering stuff to myself while watching the news! :-)
  • Brandon,
    Glad to hear from you. You do point out some things that do need further looking in to. But from where I sit no one has "fully thought" this out...meaning the decision making body that is supposed to on our behalf. If I had the solution I would be on the news more than the party candidates I bet. So you are saying that all the construction actually helps the economy by providing jobs. While this is true, it also raises our taxes. Sort of like chasing our tails for hours. I just had one thought though, maybe we should get the homeowners that are in trouble to do all the construction that 'really' needs to be done. By the way, I do NOT need a bridge to drive over the railroad tracks right now. Maybe never for that matter. - Sue
  • Slappy
    Hi Sue,

    I think you said it yourself, these projects (airports, roads, etc.) were put in place LONG before the housing market failed.

    And as Brandon pointed out, public works programs create jobs which is far better for the economy than giving money to people who make bad decisions about which mortgage they can afford.
  • Brandon
    Although I respect your opinion, I don't think you've fully thought this through. How do you propose we boost the economy and housing market?

    Money which is pumped into public works projects such as the ones you describe has a "constructive" purpose because it creates jobs and flows down through the local economy. Where did those bulldozers and tools come from? Furthermore, the project has net output or "value added" such as a bridge, highway, etc.

    Handing out money to homeowners to prop up high real estate prices does not have this effect. It generates no useful output, reduces the capital available for other projects, and shrinks the economy through inflation.

    Also, your bank account is insured by the FDIC which is already a government entity. You would be more correct in mentioning car insurance or extended warranties (some of AIG's business sectors).
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