We've been thinking about dabbling in investment/rental property. The Mrs. is pretty good at sniffing them out. We went to see one recently. In fact, we were probably the first to see it. The Realtor was there with the seller to get the listing.

The place might have potential, but, as-is, it would be more suitable for a Criminal Minds kidnapping/dungeon episode.

We seriously doubt that any of the "improvements" were permitted, much less up to code. Mainly, the "improvements" were liabilities that would have to be ripped out and completely redone. Along with the rest of it.

Nonetheless, the seller and the Realtor thought the house should command a premium price per square foot because of the "improvements." In reality, if you took out added square footage from the "improvements" (not even counting the liability and rehab cost), our estimated valuation was less than half of what they were asking based on comps, condition, work needed, etc.

They are wanting a Sequoya Hills or Fox Den valuation. This property is not in one of those places. It was sad, really. One could argue that the MLS listing is basically fraudulent.

We understand sellers who have emotional attachment, have invested too much, or are otherwise just crazy. There's no excuse, though, for Realtors who enable them.

Topics:
34
like
Wed
Aug 20 2014
04:43 pm
By: R. Neal  shortURL

Me: How do you like that new tea? (Ed. note: Green tea with Mandarin orange flavor.)

Her: Eh. It's OK. Not sure I really like it though.

Me: How come?

Her: I don't know. The orange flavor is too strong.

Me: What about the green tea? Do you like that?

Her: Not sure. It tastes different.

Me: Just... different? How is it different from regular tea?

Her: It tastes greener.

Topics:
25
like
Wed
Aug 20 2014
12:42 pm

Corporate folks should be pretty happy. At least from a financial perspective.

Looks like a near all-time high.

From the Federal Reserve Bank of St Louis …

Corporate Profits After Tax (without IVA and CCAdj)

2014:Q1: 1,734.9 Billions of Dollars

Corporate Profits After Tax

Why Does The Economy Stink? Because America's Owners Are Greedier Now Than Ever Before

Topics:
29
like
Wed
Aug 20 2014
10:28 am

Three more Knox Co. schools have been added to the state's "Priority List" of the lowest-performing 5% of schools in Tennessee. The latest additions are Green Magnet, Lonsdale Elementary, and Vine Middle/Magnet School. Along with Sarah Moore Greene Magnet, which was already on the list, there are now four Knox County schools in the "Priority List."

The KNS quotes Dr. McIntyre as saying "I think in a couple of those instances, we are beginning to see some real positive momentum and positive changes and improvements in those schools."

"Those schools" have combined enrollment of about 1500 students. Based on per-pupil spending, that represents approx. $13.5 million in public school funding (annually) just waiting to be tapped by free market corporate interests for charters and/or vouchers under various existing and proposed privatization "reform" schemes.

SEE ALSO: Tennessee Department of Education 2014 School Accountability

36
like
Wed
Aug 20 2014
09:37 am

Amidst all the turmoil at the Tennessean, Chas Sisk has decided he's had enough. Instead of "reapplying" for his job, he asked for a severance package.

This is yet another big loss for state government reporting. Pretty soon, the only news out of Capitol Hill will be press releases from Gov. Haslam and Lt. (real) Gov. Ramsey, dutifully transcribed by compliant newspapers of record around the state.

As reported by the Nashville Scene, this is just one example of the "rock-bottom morale" at the Tennessean as management installs "an exciting new structure that is geared toward building a dynamic, responsive newsroom" without editors, photographers, or, apparently, seasoned reporters who know their beat.

PREVIOUSLY: Another shakeup at the Tennessean

31
like
Tue
Aug 19 2014
10:51 pm

From Yahoo ...

Washington state's insurance commissioner, Mike Kreidler, said "there is no question" that discrimination is creeping back. "The question is whether we are catching it or not," added Kreidler

..."Insurance companies are basically singling out certain conditions by placing some medications on high-cost tiers," said Hill. That "is pretty blatant discrimination in my mind."

Patient advocates say insurers avoiding the sick

27
like

What: Books Sandwiched In Welcomes Alvin Nance This Wednesday!
When: Wednesday, August 20, 2014 - 12:00pm
Where: East Tennessee History Center, 601 South Gay Street

large_AlvinNance2.jpgThe story of poverty in affluent America is a sad one, but not a new one. And it is the sad story of more and more Americans. Many newly impoverished, victims of a broken economy and a collapsed housing market, have joined the chronically poor living in the shadows of the world’s richest nation. Join Alvin Nance, President and CEO of Knoxviille Community Development Corporation (KCDC),as he explores this problem and solutions in The American Way of Poverty: How the other half still lives by Sasha Abramsky in Knox County Public Library’s Book Sandwiched In.

Continued...

29
like
Mon
Aug 18 2014
08:36 pm

According to a press release from the Administrative Office of the Courts as posted on Tom Humphrey's blog, Humphrey On The Hill, the Tennessee Supreme Court has issued a ruling that says the State Constitution requires the government to compensate property owners for regulatory takings claims.

"Until today, no prior Tennessee court had decided whether the State Constitution, like the U.S. Constitution, requires the government to compensate property owners for regulatory takings claims. Previously, Tennessee courts have addressed only physical occupation and nuisance-type takings claims. In its decision today, the Court discussed the similarities between article I, section 21 of the Tennessee Constitution and the Fifth Amendment of the U.S. Constitution and held that the State Constitution protects the right of Tennessee property owners to receive compensation for a regulatory taking of property to the same extent as the United States Constitution."

More info after the break.

Continued...

26
like
Mon
Aug 18 2014
12:20 pm

A man was charged with his 4th DUI following a crash on Alcoa Highway that occurred when he crossed oncoming traffic to enter the Cornerstone of Recovery rehab facility. The Maryville Daily Times reports...

Topics:
40
like

According to this AP report, a data breach at Community Health Systems of Franklin, which owns Tennova (formerly St. Mary's), resulted in the cybertheft of personal information and Social Security numbers for more than four million patients.

Topics:
36
like
Mon
Aug 18 2014
10:48 am

This dustup between Knox Co. Mayor Burchett and Knox Co. Schools Superintendent McIntyre was mentioned earlier in comments, but it deserves its own topic:

Mayor and Superintendent spar over secretary's 2-year paid leave

In related news, Dr. McIntyre has decided that he will hand pick the teachers for his "advisory board" that was intended to give him feedback on teacher concerns about instruction policy and teacher morale. He apparently only wants teachers who will tell him what a great job he's doing:

Details to teacher advisory group released; McIntyre to make picks

34
like
Mon
Aug 18 2014
10:26 am

Tennessee's Unemployment Rate for July Increased To 7.1%

...the Tennessee preliminary unemployment rate for July was 7.1 percent, five tenths of one percentage point higher than the 6.6 June revised rate. The U.S. preliminary rate for July was 6.2 percent, up from 6.1 percent in June

Topics:
25
like
Mon
Aug 18 2014
01:45 am
By: Bbeanster  shortURL

My brother John has been dead 30 years today.

(link...)

Topics:
26
like

I was recently channel surfing and came across an old movie of interest ("Tombstone" on Country Music Television). I watched for a few minutes, and could not believe the number of commercials.

I decided to time them. One six minute segment of movie was followed by seven-and-a-half minutes of commercials. I am not making that up. I lost count of how many commercials there were. I thought they'd never stop.

They managed to stretch a 130 minute movie into three and a half hours by adding 1 hour and twenty minutes of commercials. No wonder people are sick of paying such high prices for cable TV.

Topics:
34
like
Sun
Aug 17 2014
11:00 am

The welfare and treatment of captive killer whales at SeaWorld has been the subject of controversy for decades. Now, even investors are taking notice.

Continued...

30
like
Sat
Aug 16 2014
04:49 pm

What if one pharmaceutical company had a drug that could heal 90% of Hep 3 patients?
And what if nobody could afford it?

Moon, this is a really excellent column:

(link...)

30
like
Sat
Aug 16 2014
03:32 pm

Never give up, but be willing to change strategies and tactics when necessary.
UAW says union membership near majority at VW Tennessee plant

DETROIT, Aug 15 (Reuters)
By Bernie Woodall
The United Auto Workers, which lost a controversial organizing vote in February at a Volkswagen AG plant in Chattanooga, Tennessee, has nearly enough members in its newly formed local for the automaker to recognize it as exclusive bargaining agent for the plant, a top union official said on Friday.
If the union is able to prove to Volkswagen that it has support from a majority of the plant's approximately 1,500 hourly workers, VW can select it as the exclusive bargaining agent for all of them, despite the loss to UAW foes in the vote. Gary Casteel, UAW secretary-treasurer, would not say how many VW workers are now UAW Local 42 members, but said there are enough to have won the February election. The UAW lost by a 712-626 count, which means that Local 42 has at least 670 members, which Casteel confirmed.

31
like
Sat
Aug 16 2014
12:15 pm

Is this how it is in Knoxville and Knox County?

From Yahoo...

A promising trend in home construction is the rising number of certified green and energy efficient homes. Recent consumer preference surveys indicate that energy-efficient features top homebuyer wish lists. While newly built homes increasingly include such elements,

The data indicate that energy efficiency was the leading driver of improvements, with indoor environmental quality in second place for single family and water conservation second for new multifamily units.

Homes are getting greener

26
like
Sat
Aug 16 2014
09:58 am

Charlie Brown, the Democratic candidate for governor, has some internet/social media resources: have a look:

website (link...)

twitter: @GovCharlieBrown

facebook: (link...)

Topics:
26
like

Upcoming events:

Lost Medicaid Funding

To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding.

TN Progressive

TN Politics

Local Media Blogs

Local News

News Sentinel

State News

Wire Reports

Site Statistics

Last 7 days:
  • Posts: 23
  • Comments: 246
  • Visits: 10,640
  • Pageviews: 24,319
Last 30 days:
  • Posts: 92
  • Comments: 1216
  • Visits: 42,256
  • Pageviews: 103,216

TN Progressive

Nearby:

Beyond:

At large: