inexplicable stupidities continue

Price declines in Las Vegas and Phoenix surpassed 30 percent in August, according to Case-Shiller, while prices in Miami, Los Angeles, San Francisco and San Diego all plunged more than 25 percent. Home prices likely won't improve in September either as other key housing indicators have shown the housing slump still in full swing. Recent data the government and the National Association of Realtors showed the median prices for new and existing homes both tumbled by 9 percent in September. Home prices decline 25% in ONE MONTH in Miami. What does the Council think that will do to proprty taxes? Revenues coming into the City? Sales taxes? We are in a deepening recession and the Council ignores it, like it wasnt really happening. BUT IT IS anyway, and they will raise our taxes and fees to pay for their inexplicable stupidities. They have put us on the road to bankruptcy in spite of all the warnings and good sense demonstrated by Dotson. Dumber than dirt comes to mind, for the rest of the Council, and Mayor.