400K and counting

0d1

From the JT This AM

Sears Holding Corp. could collect a $205,748 property tax refund from the City of Racine under a settlement agreement recently recommended for approval by the Finance and Personnel Committee.

Presented to the committee during a closed session, the agreement would settle two lawsuits Sears filed in 2013 and 2014 alleging the City Assessor overvalued and overtaxed its property located at 5600 Durand Ave.

Once one of Regency Mall’s anchors, the store and attached auto center closed in January of this year. Sears still owns the 89,000-square-foot building, however.

Under the agreement, which must still be approved by the City Council, the city has agreed to refund the corporation about 40 percent of the property taxes it paid in 2012 and about one-third of the taxes it paid in 2013…….

So add this to the 100K that Dickert’s Case with Bill  B cost, the 100K and counting with the RICO then the Union Fight that we lost..

How much as Mayor John Dickert Cost this city? 400K  More and how much more to come?

What are we to do Layoff more Fire/Police turn off more streetlights?

 

I guess we will see the city try a Wheel tax and a property tax Referendum (that will not pass)

Of course this will not effect Rootworks after all His pals must make money right?

So lets then Party!

He is

 

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Wolfman Reports 10-23-12

J

Worlfman Reports and gives background on storty!

 

 

Racine Property Sales for August 26, 2012

Attempting to verify sales was rather difficult this week – with a record number not showing matching records in the city database, especially the higher value sales. However, the lower value sales have a much better rate of verification and are a much better indicator of where real estate prices in Racine are headed – DOWN. The highest unemployment in the State, high rates of property crime, a burgeoning criminal population that will be an economic drag on the City budget and the City employees suing the City over pay and benefits will continue to lower property sale values and make the City unattractive to potential homebuyers.

High rates of property taxation drive down home values because the more taxes one has to pay, the less income is left to afford a mortgage and insurance. This is why highly paid City of Racine employees choose to live outside the Community – with their current level of income they can afford a much larger house and larger lifestyle out in the ‘Burbs where it is LESS taxing and crime is very low. Higher rates of taxation also makes business less profitable, hence the employees must be paid less – so the City can be paid more – and with the supply of housing exceeding the number of buyers, home prices tumble. This is a strong trend in Racine, and the tax increases slated for 2013 – 6.42% for RUSD, an additional levy of $500,000 for Gateway and who knows what will happen with the City of Racine employees suing the City, the supply of homes in Racine so exceeds the demand that the City is going to spend $$$ to begin tearing down properties! The City is slated to spend $120,000 to tear down 9 properties with an aggregate market value of $517,000 while Bankers are holding many foreclosed properties off of the market – to artificially prop up home prices. There will be no housing recovery in Racine until the City declares bankruptcy – which is coming.

http://www.journaltimes.com/news/local/govt-and-politics/racine-awarded-to-demolish-blighted-homes/article_26c37836-dc98-11e1-ac70-0019bb2963f4.html

Why is the City  Assessor lying about property values and holding the assessed values at an unrealistic market price? Most likely because if a TRUE and ACTUAL assessment were taken, based upon realistic market value – the City of Racine would no longer be able to borrow money – which is what John Dickert is doing at a high rate to finance his pet projects and reward FOJ’s with lucrative City contracts.

 

From the Wisconsin State Constitution: Municipal home rule; debt limit; tax to pay debt. SECTION

3. [As amended Nov. 1874, Nov. 1912, Nov. 1924, Nov. 1932, April 1951, April 1955, Nov. 1960, April 1961, April 1963,

April 1966 and April 1981]

(1) Cities and villages organized pursuant to state law may determine their local affairs and government,

subject only to this constitution and to such enactments of the legislature of statewide concern as with uniformity shall affect every city or every village. The method of such determination shall be prescribed by the legislature.

(2) No county, city, town, village, school district, sewerage district or other municipal corporation may become indebted in an amount that exceeds an allowable percentage of the taxable property located therein equalized for state purposes as provided by the legislature. In all cases the allowable percentage shall be 5 percent except as specified in pars. (a) and (b):

(a) For any city authorized to issue bonds for school purposes, an additional 10 percent shall be permitted for school purposes only, and in such cases the territory attached to the city for school purposes shall be included in the total taxable property supporting the bonds issued for school purposes. (b) For any school district which offers no less than grades one to 12 and which at the time of incurring such debt is eligible for the highest level of school aids, 10 percent shall be permitted. (3) Any county, city, town, village, school district, sewerage district or other municipal corporation incurring any indebtedness under sub. (2) shall, before or at the time of doing so, provide for the collection of a direct annual tax sufficient to pay the interest on such debt as it falls due, and also to pay and discharge the principal thereof within 20 years from the time of contracting the same.

 

GOOD LUCK Brave residents of the City of Racine.

Address                                  Sale Price                  Assessed Value        Difference

1532 Michigan Blvd.                $220,000                     $254,000                     Neg. $34,000

3605 Haven Ave.                     $139,000                     $139,000                            -0-

139 Ohio St.                            $121,000                     $142,000                     Neg. $21,000

141 Main St. No. 429               $116,900                     $159,000                     Neg. $42,100

2809 Ashland Ave.                  $99,500                       $90,000                       Pos. $9,500

2708 Kenwood Dr.                  $95,900                       $108,000                     Neg. $12,100

2221 Winthrop Ave.                $92,000                       $104,000                     Neg. $12,000

3305 Pierce Blvd.                    $90,500                       $113,000                     Neg. $22,500

711 Augusta St.                      $83,000                       $114,000                     Neg. $31,000

2009 Howe St.                        $59,000                       $84,000                       Neg. $25,000

2201 Yout St.                          $33,674                       $88,000                       Neg. $54,326

3601 Republic Ave.                 $30,000                       $90,000                       Neg. $60,000

946 N. Memorial Dr.                $25,000                       $36,000                       Neg. $11,000

1712 Holmes Ave.                   $23,500                       $77,000                       Neg. $53,500

1340 Park Ave.                        $15,000                       $65,000                       Neg. $50,000

15 properties sold with an average overassessmnet of $28,000!

 

_____________________________________________________________

 

Once again I thank Woflman for this report his views are IMHO right on and should he prove to be right how long does the City have before we go belly up?

 

Wolfman is in the House!

 

 

Guest Post by  Wolfman

 

Wolfman has posted on the JTIrregulars,  a site I link to. I recopy his post to further share his idea.

Wolfman know at on what is going on in Racine.

 

With his permission all views are his own.

I’ll have a lot to say – but I’ve also got a lot to share – and lots to post! Hope you have a lot of bandwidth!

FIRST – you must understand John Dickert – he is, in my honest opinion, a SOCIOPATH. It is plain and evident from his behavior – so you must understand what you are dealing with. These are the traits of a SOCIOPATH:

Profile of a Sociopath

This website summarizes some of the common features of descriptions of the behavior of sociopaths.

Glibness and Superficial Charm

Manipulative and Conning
They never recognize the rights of others and see their self-serving behaviors as permissible. They appear to be charming, yet are covertly hostile and domineering, seeing their victim as merely an instrument to be used. They may dominate and humiliate their victims.

Grandiose Sense of Self
Feels entitled to certain things as “their right.”

Pathological Lying
Has no problem lying coolly and easily and it is almost impossible for them to be truthful on a consistent basis. Can create, and get caught up in, a complex belief about their own powers and abilities. Extremely convincing and even able to pass lie detector tests.

Lack of Remorse, Shame or Guilt
A deep seated rage, which is split off and repressed, is at their core. Does not see others around them as people, but only as targets and opportunities. Instead of friends, they have victims and accomplices who end up as victims. The end always justifies the means and they let nothing stand in their way.

Shallow Emotions
When they show what seems to be warmth, joy, love and compassion it is more feigned than experienced and serves an ulterior motive. Outraged by insignificant matters, yet remaining unmoved and cold by what would upset a normal person. Since they are not genuine, neither are their promises.

Incapacity for Love

Need for Stimulation
Living on the edge. Verbal outbursts and physical punishments are normal. Promiscuity and gambling are common.

Callousness/Lack of Empathy
Unable to empathize with the pain of their victims, having only contempt for others’ feelings of distress and readily taking advantage of them.

Poor Behavioral Controls/Impulsive Nature
Rage and abuse, alternating with small expressions of love and approval produce an addictive cycle for abuser and abused, as well as creating hopelessness in the victim. Believe they are all-powerful, all-knowing, entitled to every wish, no sense of personal boundaries, no concern for their impact on others.

Early Behavior Problems/Juvenile Delinquency
Usually has a history of behavioral and academic difficulties, yet “gets by” by conning others. Problems in making and keeping friends; aberrant behaviors such as cruelty to people or animals, stealing, etc.

Irresponsibility/Unreliability
Not concerned about wrecking others’ lives and dreams. Oblivious or indifferent to the devastation they cause. Does not accept blame themselves, but blames others, even for acts they obviously committed.

Promiscuous Sexual Behavior/Infidelity
Promiscuity, child sexual abuse, rape and sexual acting out of all sorts.

Lack of Realistic Life Plan/Parasitic Lifestyle
Tends to move around a lot or makes all encompassing promises for the future, poor work ethic but exploits others effectively.

Criminal or Entrepreneurial Versatility
Changes their image as needed to avoid prosecution. Changes life story readily.

 

Contemptuous of those who seek to understand them
Does not perceive that anything is wrong with them
Authoritarian
Secretive
Paranoid
Only rarely in difficulty with the law, but seeks out situations where their tyrannical behavior will be tolerated, condoned, or admired
Conventional appearance
Goal of enslavement of their victim(s)
Exercises despotic control over every aspect of the victim’s life
Has an emotional need to justify their crimes and therefore needs their victim’s affirmation (respect, gratitude and love)
Ultimate goal is the creation of a willing victim
Incapable of real human attachment to another
Unable to feel remorse or guilt
Extreme narcissism and grandiose
May state readily that their goal is to rule the world

(The above traits are based on the psychopathy checklists of H. Cleckley and R. Hare.)

NOTE: In the 1830’s this disorder was called “moral insanity.” By 1900 it was changed to “psychopathic personality.” More recently it has been termed “antisocial personality disorder” in the DSM-III and DSM-IV. Some critics have complained that, in the attempt to rely only on ‘objective’ criteria, the DSM has broadened the concept to include too many individuals. The APD category includes people who commit illegal, immoral or self-serving acts for a variety of reasons and are not necessarily psychopaths.

 

There is lots more on Sociopaths at the link provided. When you understand John as the Sociopath he is – you understand his actions – and why he MUST be removed from office. Of course, there is no will in Racine to do that!

“The problem with their game is that we don’t often play by their rules. Where we might occasionally tell a white lie, a psychopath’s lying is compulsive. Most of us experience some degree of guilt about lying, preventing us from exhibiting such behavior on a regular basis. “Psychopaths don’t discriminate who it is they lie to or cheat,” says Seto. “There’s no distinction between friend, family and sucker.”

No one wants to be the sucker, so how do we prevent ourselves from becoming close friends or getting into a relationship with a psychopath? It’s really almost impossible, say Seto and Willson. Unfortunately, laments Seto, one way is to become more suspicious and less trusting of others. Our tendency is to forgive when we catch a loved one in a lie. “Psychopaths play on this fact,” he says. “However, I’m certainly not advocating a world where if someone lies once or twice, you never speak to them again.” What you can do is look at how often someone lies and how they react when caught. Psychopaths will lie over and over again, and where other people would sincerely apologize, a psychopath may apologize but won’t stop.”

John is NOT your friend – he’s NO ONE”S FRIEND! You’re just a SUCKER TO CONQUER – in his eyes!

 

This is an EXACT description of failed real Estate Agent/Chronic Liar/Sociopath John Dickert:

“Psychopaths also tend to switch jobs as frequently as they switch partners, mainly because they don’t have the qualities to maintain a job for the long haul. Their performance is generally erratic, with chronic absences, misuse of company resources and failed commitments. Often they aren’t even qualified for the job and use fake credentials to get it. Seto talks of a patient who would get marketing jobs based on his image; he was a presentable and charming man who layered his conversations with educational and occupational references. But it became evident that the man hadn’t a clue what he was talking about, and was unable to hold down a job.”

 

John is not very bright, but he is a chronic liar, charming, and conniving. He found an opportunity – Mayor of Racine – and got in. He’s NO FOOL – HE IS A VERY DANGEROUS OPPPONENT! Notice he got the USEFUL IDIOTS on the Common Council to approve his contracts for Tom Friedel and for paying his legal bills. Those contracts MUST be honored now – no matter how rotten they are. The Common Council of Racine is comprised of SUCKERS, FOOLS , PETTY THIEVES and other possible SOCIOPATHS.

Remember, a SOCIOPATH wants to remain undetected – but their behaviors give them away – YES, THEY ARE LIKABLE – WHICH IS WHY THEY ARE DANGEROUS!

Racine will need to declare bankruptcy or be dissolved to end those contracts – which does seem likely. Here is an interesting article I saw on Patch the other day – it has to be a “Trial Balloon” to see if the people will accept a change in our form of government – which I think is needed:

Too Much Government For Good Collaboration?

A new study finds the metropolitan area between Milwaukee and Chicago has far more governmental units than larger — and more efficient — metropolitan areas worldwide.

With more than 2,100 separate government entities in the Chicago-Milwaukee metropolitan area, cooperation — and the efficiency that can bring — is difficult, the Milwaukee Journal Sentinel is reporting.

The newspaper reported on a European think tank’s finding that the governmental sprawl of the Midwestern megalopolis is bigger than other, larger metropolitan areas worldwide. For example, in the greater London area, the Journal Sentinel reports, “a mere 34 government entities look after all the public safety, services, transportation, zoning and schools.” Toronto has 28, the newspaper reports, and Paris clocks in at more than 1,400. ”

 

So what’s John’s plan? The same as always – twist, manipulate and lie. He made promises to the public employees if they voted for him – and he fulfilled them. He doesn’t care about the reality of Racine’s finances or the desperate financial straits of many of the residents.

HE DOESN’T CARE. HE DOESN’T HAVE TO. HE HAS TAXING AUTHORITY. HE IS ABUSING IT. YOU CAN DO – NOTHING.

Which is why I advised – over a year ago – to get out, to get mobile – to rent, but no long term committments – get your skills together, get ready to GET OUT!

BUT, you’re underwater, you didn’t realize John was a Sociopath, you’re an eternal optimist, you shut your eyes to the truth – YOU’RE TRAPPED!

You’re in a City filled with Democrat welfare dependent and taxpayer funded dependent people. You’re a Sheep voting with 2 Wolves on what’s for dinner – YOU LOSE. You’ve just learned the trouble with Democracy when a certain segment can vote to increase their pay/benefits or entitlements – they’ll vote themselves raises until all the money is gone.

“At its genesis, the ideal of a socialist society takes hold among the people. Promises are made and the manifesto of entitlement, social fairness, obligation, and social equality infects the populace. The socialist ideal eventually goes viral, and the majority learns to game the system. Everyone is trying to live at the expense of everyone else. In the terminal phase, the failure of the system is disguised under a mountain of lies, hollow promises, and debts. When the stream of other people’s money runs out, the system collapses.”

 

So how will this play out?

Exactly like the street light fiasco.

NOW, don’t get me wrong – it is a good thing for the City to look at cutting costs – and many of the street lights were unnecessary. I want to encourage the City to look for cost savings like this – what we are looking at is how the people responded –

Yeah, there was some anger, and yes, certain lights being removed, a very few certain – seemed to be, ahem… POLITICALLY MOTIVATED. What was the effect? PEOPLE DEMANDED TO BE ALLOWED TO PAY EXTRA TO KEEP THEM ON.

So to when this is all done and over – The residents of the City of Racine will be demanding John increase fees/taxes, whatever is necessary to keep their services.

Were there other options? Sure – and there still are – but this is the plan – and it will pay out that way – it has every other time so far. It is a successful template John has used to get residents to pay his legal bills, give millions in “payback” to his supporters via unnecessary City Contracts, and continue to unabashedly pay outrageous salaries and benefits to some very incompetent and criminal minded people.

WHAT ARE YOU GOING TO DO ABOUT IT? Are you going to walk away from your home or business and abandon it?

 

What is happening in the City of Racine? Houses are being foreclosed on and abandoned. Thoughtful people are preparing now and trying to get out or prepare for the next inevitable tax/fee increase. Wise people got out of being a property owner in Racine when the market was at it’s peak – and made a killing!

Racine – more and more abandoned and boarded up houses. A population fleeing. Profit margins for businesses decreasing, costs increasing. Racine can’t compete. John doesn’t care – he just needs some more time and he’s set, along with Tom. They hope to be able to get away. They live high on the hog – and you’re footing the bill!

Would you open a business in Racine? Could you make it profitable? Why does Racine have to offer so many subsidies? What happens to your business when those subsidies go away? How many hours do you have to put in? What type of volume do you have to have? What about your debt load and credit? Can you sell 100 hotdogs a day at $1.00/ea and survive?

It’s punishing to be a business in Racine – so businesses are leaving, closing, unsaleable, or packing and leaving.

Why don’t you look at some of the failed Racine businesses HERE, and see how much they owe in taxes. Most will never pay up – they can’t – the people are just struggling to get by – and the list grows every day.

Hmmm. Mark Eikhorst still owes $20,007.07! Harbor Fest owes $63,100.53! See how many people and businesses you know!

SO…

Racine Railroad Products is moving to Mt. Pleasant where, It’s less taxing!

CGA just left Racine, and the empty building is for sale.

Renquist Design is moving to Hartland, where it’s less taxing!

The President of Butter Buds told John “NO!” to the last tax increase, and John passed the cost onto homeowners.

Racine Metal Fab is moving to Yorkville.

Empty business space and buildings is everywhere – FOR SALE is the new name of Racine.

Of course, the greedy fools at RUSD just raised their tax rate by 6.42% and Gateway is demanding another $500,000. John is proclaiming a $2M deficit and saying he doesn’t know what to do if he can’t raise taxes. What’s a business to do? Increase prices? Accept decreased profits? Slash employee wages/benefits? Give John an ultimatem – lower my taxes or I leave? Something’s got to give. Keep your eyes and ears peeled – watch for more business closings – or businesses moving out. That’s your clue! Racine is non-competetive, and John doesn’t care. Now is the opportunity of a lifetime for local Communities to fill their business parks with former Racine Companies.

What is important to remember is that businesses aren’t coming to Racine – they are fleeing. The tax base is shrinking – which means that those left not only have to shoulder any increases, but have the added burden of making up for losses. HOW’S THAT FEEL IN YOUR POCKETBOOK – RACINE? You’re the SUCKER – You’re John’s Bagholder – and he doesn’t give a damn!

So what’s a house worth in Racine today?

 

Let’s see what a house is worth today in Racine – sales price vs. assessed value; and who might own it. These will be taken from information published by the local shopper on page 3C. – Racine only.

NOTE: Many reported “sales” are foreclosures, and I believe “sale price” reflects the value of the mortgage – many of which had equity loans and other loans attached – note that the sales is deemed “DISQUALIFIED” in the official property record. Lying John – like all Lying’ Realtors really like to see these – for it distorts the true value and brings them more price suckers. A Realtor is a glorified thief in a suit and tie – in my eyes.

All information will come directly from the City of Racine Property Tax Records.

3205 Moorland: Sale?: $199,700 Assessed: $139,900 Owner: CITIMORTGAGE INC. 115 Westminister Sq: Sale: $172,500 Assessed: $185,000 Owner: Private Party 1203(01) College Ave: Sale?: $156,000 Assessed: $120,000
Owner: NATIONAL CITY MORTGAGE 1305 Lincoln St.: Sale?: $147,700
Assessed: $100,00 Owner: FLAGSTAR BANK SNB 2340 Hayes Ave: Sale? $141,200 Assessed: $118,000 Owner: NATIONWIDE ADVANTAGE MORTGAGE CO.
847 College Ave: Sale: $139,000
Assessed: $171,000 Owner: Private Party 1120 Cedar Creek St.: Sale: $130,500 Assessed: $130,000 Owner: Private Party 3417 Washington Ave.: Sale: $115,000 Assessed: $120,000 Owner: Private Party 1300 Monroe Ave.: Sale: $109,900 Assessed: $156,000 Owner: Private Party 1625 Grange Ave.: Sale?: $99,600 Assessed:$99,000 Owner: BANK OF AMERICA NATIONAL ASSOCIATION 53 McKinley Ave.: Sale?: $99,000 Assessed: $82,000 Owner: NATIONWIDE ADVANTAGE MORTGAGE COMPANY 2901 Chatham St: Sale: $92,000 Assessed: $220,000 Owner: Private Party 629 Echo Lane: Sale:$87,000 Assessed: $139,000 Owner: Private Party(?) 4106 17th.St: Sale: $80,000 Assessed: $102,000 Owner: Private Party 2016 Arlington Ave: Sale: $70,000 Assessed: $131,000 Owner: Private Party 3457 Fourth Ave: Sale: $69,900 Assessed: $110,000 Owner: Private Party 1103 William St.: Sale: $68,500 Assessed: $103,000 Owner: Private Party 1336 Kentucky Ave: Sale: $62,000 Assessed: $119,000 Owner (?) 1921 Racine St: Sale: $60,000 Assessed: $80,000 Owner (?)
1623 Maple St.: Sale: $58,000 Assessed: $60,000 Owner (?) 1306 Thurston Ave: Sale: $54,900 Assessed: $98,000 2627 Donna Ave.: Sale: $42,000 Assessed: $108,000 Owner (?) 1821 Grange Ave: Sale: $28,199 Assessed: $108,000 Owner: (?) 1622 West St.: Sale: $12,000 Assessed: $50,000 Owner (?)

LOLOLOLOL. I think they need to drug-test the Asessor – MAN, I want some of what he is on…..

Are you worried yet?

Who’s paying and who’s not? Why are so many sales labeled DISQUALIFIED?

WHAT IS THE ACTUAL INCOMING REVENUE STREAM?

We can see the Banks are repossessing mortgage PLUS underwater houses left and right. WALK AWAY RACINE!

The only ones left in Racine are John’s BAGHOLDERS AND SUCKERS!

There is an economic earthquake coming – Racine – you have my symapthy, brave residents of Racine.