Thursday, January 24, 2013

California Worst Run US Cities

A street scene in Stockton, Calif. © Justin Sullivan/Getty Images
No. 3, worst-run: Stockton, Calif.
Population: 296,367
Credit rating: Caa3, negative outlook
Violent crime per 1,000 people: 14.08 (eighth highest)
Unemployment rate: 20.2% (the highest)
Last year, Stockton was unable to fund its pension liabilities or make debt-service payments. As a result, it became the largest city in U.S. history to file for bankruptcy.
Stockton's unemployment rate for 2011 was above 20%, while more than 5% of homes were in foreclosure. Just before the bankruptcy filing, Moody's downgraded the city's credit rating to account for the likelihood of a default. Moody's noted, "the Caa3 rating level assumes losses to bondholders will be greater than 20%. The negative outlook reflects the high likelihood that losses could exceed our estimates."

City Hall in San Bernardino, Calif. © David McNew/Getty Images
No. 1, worst-run: San Bernardino, Calif.
Population: 213,008
Credit rating: not rated
Violent crime per 1,000 people: 8.76 (27th highest)
Unemployment rate: 17.6% (third highest)
The median home value in San Bernardino declined by 57.6% between 2007 and 2011, more than in any other large U.S. city. By the end of 2011, almost 4.4% of the city's homes were in foreclosure and the unemployment rate was 17.6%, nearly double the U.S. rate and almost 10 percentage points higher than the city's rate four years earlier.

California Best Run US Cites

An aerial view of Irvine, Calif. © Ron Niebrugge/Alamy
No. 3, best-run: Irvine, Calif.
Population: 215,511
Credit rating: Not rated
Violent crime per 1,000 people: 0.56 (the lowest)
Unemployment rate: 6.5% (tie,11th lowest)
Nearly 97% of Irvine residents age 25 and older have at least a high school diploma, and almost 63% have at least a bachelor's degree. This makes Irvine's population the most educated among the nation's 100 most populous cities.
A whopping 18.8% of households earned more than $200,000 a year.

Watching the sun rise in Fremont, Calif. © Sean Duan/Flickr/Getty Images)
No. 5, best-run: Fremont, Calif.
Population: 216,912
Credit rating: Not rated
Violent crime per 1,000 people: 1.77 (sixth lowest)
Unemployment rate: 7.5% (tie,-23rd lowest)
Fremont was incorporated in 1956, when five towns merged to establish the city. Fremont is near the core of Silicon Valley and has a direct connection to San Francisco via the Bay Area Rapid Transit system.
It has one of the best-educated and highest-earning populations in the country, with more than 51% of residents age 25 and older holding a college degree as of 2011. That year, median household income in Fremont was $92,665, the highest of any large U.S. city.
The city has an exceptionally strong manufacturing base, with almost 22% of working adults employed in the sector. Among the companies with manufacturing operations in Fremont are tech manufacturers Western Digital (WDC) and Seagate Technology (STX), as well as electric car pioneer Tesla Motors (TSLA

You Snooze, You lose ...again...

You Snooze, You lose ...again...

Same Exact House:

19950 PASEO MONTANA, Murrieta 92562

List Price: $1,149,000 List Date: 01/14/2013

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Gorgeous custom home
Incredible gourmet kitchen
Breakfast nook with mountain views
Salt water pool and spa
Pocket sliding doors for indoor-outdoor entertaining
Huge master suite with fireplace
Elegant master bath
Travertine walk in shower
Huge master closet with duel sided entry
Game room with duel sided fireplace
Family room leading to pool area
Entry and dining area
Second bedroom with private bath
Private bath for second bedroom
Third bedroom
Fourth bedroom
Third and fourth bedroom joined by Jack and Jill Bath
Laundry room with granite counter tops
Powder room
Incredible views

19950 Paseo Montana, Murrieta 92562 LP: $949,000

Status: X   

Listing Contract:




Sqft (Src): 4,543 (A)
Type: SFR (D)
Ac/LotSqft (Src): 6.74/293,594 (A)

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