Last year, the term "subprime" quickly became one of the most used buzzwords in the news.This year's (and especially next year's) buzzword will be "destabilization." As in what is about to happen to communities Citywide across Los Angeles.
Zuma Dogg blogged about the impending subprime foreclosure crisis that would occur at the end of '07/early '08 (triggering a recession) in May of '07. Three months later, the word "subprime" was on the front page of the newspapers, with the effects kicking in just as ZD blogged about.
"Come summmetime fuel prices will go higher and the interest rates will go higher." - Zuma Dogg May '07 (Fuel is high...interest rates to be raised back up by Fed next!)
In October-December, Zuma created a blog called
If you check the website and blog, although I haven't posted in months, you can see all the predictions that were made during this time -- and compare it to what actually happened (is happening.)
I am not mentioning this to boast, but to try and gain some credibility with readers -- because we have not even begun to see the effects of the subprime mess that is now coupled with $130+ a barrel for oil and gas near $5.00 in Southern California.
THAT'S WHY AS MAYOR OF THE CITY OF LOS ANGELES I WILL MAKE COMMUNITY "DESTABILIZATION" THE TOP JOB! Because if the communities start to destabilize as a side effect of these economic hard times -- all the other side effects (like crime and homelessness) quickly become even worse.
AND IT WILL GET EVEN WORSE! It hasn't even started yet. The City officials must know this, which is why there is a big money grab going on throughout the City to collect (shakedown) money from anyone and anywhere. (Things like the amount of liens, tickets and escrows will be going way up -- along with any and every city fee.)
And of course, all of this will make things even worse for property and business owners. (Less revenue coming in as the economy tightens up, or comes to a grinding halt -- while having fees, liens and taxes piled on like never before.)
All of this means community destabilization will be the squeeky wheel buzzword, starting NOW!
Here's the story a cafe owner told me that explains what happens: The store owner was complaining because not only did she have to make (un-necessary) improvements to her quaint cafe that she couldn't afford, but business is so down that she can't pay her rent at home.
WHAT HAPPENED?: It all went down pretty quickly in the course of just a few months. Six or seven stores/businesses in the block/nearby walking area went out of business recently. This means the cafe loses the business of the seven stores (employess) -- AND the business of the seven stores customers that the cafe used to rely on. (A lot of foot traffic, and driving traffic has stopped with the closures of the nearby businesses.) So look for the cafe to close soon, too.
AND NOW: Instead of having revene generate back to the City...they will get "nada". And the cycle spirals downhill rather quickly. That's when property values of both homes and businesses REALLY start to plummet. This process as described to ZD by the cafe owner is called, "destabilization" and like Grand Funk Railroad...it's comin' to your town. (But it won't be to "party down"!)
So I have made the decision, as of today...Community Destabilization Prevention will be the Top Job as Mayor of Los Angeles in '09. Things are bad enough as it is.
It starts here and here with this!
COMING NEXT: How to achieve the goal of "Community Destabilization Prevention" by ZD
ZumaTimes.com
Posts
