Archive By Author - Dennis Wyatt
Foreclosure silver lining: Mantecans can now afford to buy a home
Tony and Crystal Davenport once thought homeownership was something that might occur after 10 years or so of marriage – if that.
A morally corrupt plan: $5,000 bonus for paying on time
Did you refrain from buying more house than you could afford? Did you resist the temptation to use your home as an ATM? Were you honest when listing your income on your mortgage loan application? Do you make all of your mortgage payments on time? If you answer 'yes" to those four questions you are about to become one big patsy. The federal government – in a bid to reengineer the housing market in a ...
Short sales: Next big thing?
Short sales were avoided like the plague just a year ago. Buyers and sellers alike were frustrated due to foot-dragging by banks. Often times an offer would be accepted months after it was made only to have the property appraise for less than the offer due to the rapidly changing market causing the deal to fall through. Now some Realtors are predicting short sales are the "next big thing." The reasons include: •More banks today ...
When it costs less to buy than rent you’ve found the market’s bottom
Has the Manteca housing market hit bottom at least under the $180,000 threshold? The best answer to that can be found by comparing rents and home sale prices. For all practical purposes any time homes can be bought for less per month using a 3.5 percent down, 30-year fixed FHA loan than a similar home rents for per month you're definitely in bottom territory. A week-by-week comparison of properties closing escrow since the first of ...
Home deals of the century
California Classics – a well-kept neighborhood built off East Louise Avenue east of Cottage Way – has homes now selling for a few thousand dollars over what they sold for new nearly 15 years ago.
Manteca leaders ready to launch first volley in protectionism war
Manteca is getting ready to wade into the cesspool known as protectionism. The City Council contends it is a good thing to give local vendors preference in the competitive bidding process. They will accomplish this by allowing a local bidder who comes in 5 percent or less above the lowest responsible bid to match that bid within 24 hours and they'd get the job. Local is defined as a company with a physical office – ...
‘One-stop’ comes to a halt
Six months ago the "one-stop" permit center to process building plans for everything from a shopping center to home improvements was the Manteca City Council's pet project.
$4M free ride for business & builders?
Over a third of Manteca's pending $11.3 budget deficit project for the fiscal year starting July 1 could be tracked back to businesses, builders, and individuals not being charged enough to cover the cost of various municipal services tailored to their specific needs ranging from processing building permits to the use of park facilities.
Manteca’s coming 1-2 retail punch Bass Pro + outlets
The days of chain stores spreading like wildfire across the American landscape are coming to an end.
Forgive me, Uncle Sam, for I have sinned
Wall Street wants absolution for their financial transgressions. Detroit believes they're too big for repentance. Those who made personal financial decisions whether it was buying a home or going on a big toy spending spree while driven by at least several of the Seven Deadly Sins want monetary forgiveness.
State raids on Manteca coffers hit $14.4M
Manteca since 2002 has used $13.8 million in one-time cash infusions – primarily from $12.2 million in bonus bucks – to cover gaps between expenditures from day-to-day city operations and revenue.
Foundation raises $4,000 for youth rec scholarships
Frank Guinta knows what it is like growing up poor and not having the options that other kids may have.
City workers agree to 3.8% pay cut
Manteca's 385 municipal workers are agreeable to taking a 3.8 percent pay cut starting in July to help the city weather its approaching budget crisis.
Council may adopt Manteca firms first project policy
Manteca – sometime later this year – is expected to seek bids to landscape the main entrance to the city at the recently completed Highway 99 and Yosemite Avenue interchange.
Housing collapse: Domino effects hitting all cities
Many of Manteca's neighboring cities are laying off municipal workers as the ripple effect of the housing meltdown is sending property taxes plunging and curtailing consumer spending.
Articles By Author - Dennis Wyatt
State demands $1.7 million
Sacramento made it clear to Manteca: Pay back a $1.7 million redevelopment agency loan now or risk having local sales and property taxes seized.
New Melones assures Manteca’s prosperity
Editor's note: This is the second of a six-part series taking a look back at Manteca's first 95 years as an incorporated city. Voters approved incorporation on May 28, 1918.
7,000 crosses turn Woodward Park into hallowed ground
God and country.
Mega project impacting Ripon
Everything from Ripon schools and roads to fire service will feel the impacts of the Austin Road Business Park - the largest development ever approved in Manteca.
Manteca turns 95 as a city a week from today
Editor's note: This is the first of a six-part series taking a look back at Manteca's first 95 years as an incorporated city. Voters approved incorporation on May 28, 1918.
The IRS and the big government- big media complex
Lie to the federal government and you'd better get you affairs in order.
Larry Page and his goog- goog- googley eyes
Get ready for the invasion of the Barneys.
Environmental study next step for Great Wolf
Nearly 100 acres of city-owned wastewater treatment plant land could end up as the premier family entertainment hub for the Northern San Joaquin Valley while tapping into the Bay Area market as well.
To the Class of 2013: It’s all about attitude
Dear graduates:
Super flush: One treatment plant for Ripon, Lathrop & Manteca sewer?
Manteca, Ripon and Lathrop could become more than just neighboring communities at least when it comes to wastewater.
Kids sleeping in boxes for homeless awareness
A handful of kids are going to get a chance to think out of the box when it comes to perceptions about the homeless.
Perhaps Manteca should just say no to bonus bucks
It was the white lie of the last decade.
High Stanislaus River flows
Federal authorities are intentionally flooding low land along the Stanislaus River in a test to see whether it will help increase the chances of salmon fingerlings making it to the Delta.
Tim Cook is big benefactor of Apple picking
Shame on you, Tim Cook.
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