what we did was to, in this legislation, is to support both homeowners and t.i.c. owners but also renters as well as affordable housing community. i think today, what struck me the most, to be honest with you, were the personal stories that came out. the last speaker being a teacher that has to work a second job, families coming out, young parents, nurses, and so forth. and to me, it's the personal stories here that are really behind the motivation of this legislation. it is not to do anything else. so, colleagues, i appreciate your endurance here. this is something that i've worked on for a long time. i know it's been a topic of debate for a while and something i hope we can move forward, for the best interest of san francisco. thank you. >> chair wiener: thank you, supervisor. president chiu. >> supervisor chiu: thank you. i want to thank supervisor farrell and of course i want to thank the hundreds of folks that came out today, who recognize that we are here because fundamentally our housing stock is extremely limited both for tenants and aspiring homeowners. un

we're the group that has led the fight for these first time homeowners and renters who want to be homeowners some day to achieve condo reform. you have heard already, and will hear more from many people about why this is good for san franciscans, why this is smart policy. if ever there was a fair compromise piece of legislation, this is it. helping hundreds and hundreds of your constituents, hurting no one, and providing 20 million, 25 million perhaps for affordable housing in san francisco, this is truly a win/win/win situation. but i'm not going to talk today about why this is good policy because you will hear that from others. what i'd like to talk about is why this is good politics as well. if you can get that on the screen. they say a picture speaks a thousand words. and as soon as this shows up -- >> chair wiener: one second. sf gtv needs to actually broadcast that. if you could pause the clock please. thanks. why don't we go on to the next speaker and when we get this fixed we will bring you back for your public comment. i apologize. next speaker please. >> good afternoon, supervisors

we want to be homeowners in the city. we love san francisco. we're committed to staying here and we're asking you for some assistance in that process. being part of a t.i.c. has had so many ups and downs for us but when we started this process we knew there was no guarantee. we knew, however, that we were not going to do anything to evict tenants so we bought into a building that has no tenant evictions on its record. we want -- we are in favor of making sure that everybody has the opportunity to stay in the city. i myself am a public servant as is my wife. i work for the county. i represent all kinds of people in my job. i'm a public defender. i know the struggles that my clients have, i see them in the courtroom, outside the courtroom, i know what everyone goes through. all i'm asking is for a fair opportunity to be a homeowner in san francisco. i went to high school in the city. my wife's family grew up on 24th and bryant. we live in the mission. i'm asking for the opportunity to stay here, to raise my family, to raise my kids, to show them

i am a homeowner here in san francisco. that is in true; i have been a renter for the last two months; for the previous 15 years, an owner of single-family homes and a few condos and also the landlord. i understand all of those perspectives. i also was the president and secretary depending on the year of homeowners associations; i have been and adjunct professor; work with the san francisco ethics boards of the san francisco association of realtors. i have sat on the san francisco association of realtors arbitration board. i have chaired the forms committee for the san francisco association of realtors, the education committee and on the california association of realtors form and education committees. i work with vanguard properties, risk assessment. i reviewed the files. i have a special hand as assistant legal counsel, i have a special interest in the city of san francisco how we live, and living efficiently. i met my wife at the ymca. i sat on the board of the san francisco child abuse prevention center for six years, a

my name is -- schubert, first time homeowners.re that, living in a t.i.c. in a three unit building, together with my wife we moved in, in 2005. we did not evict anybody. we've been playing the lottery since then, a few times -- condo convert, have been able to do, a few things have changed since then, one thing is mortgage situation and market, second we have a three-year-old kid right now and we're in the situation we cannot really move within the city realistically, given all the prices in the market. we cannot refinance. we have tried, we're not able to do so, given the known situations in the market, and we cannot rent out without losing opportunity to really play the lottery. so we ask you to support the legislation. it's a win/win. thank you. >> chair wiener: thank you very much. next speaker. >> hello. my name is frank, i'm a homeowners in san francisco and got my start 32 years ago in a t.i.c. i came to support the backlog of t.i.c. conversion units to condo. however i do say that preference should be given to buildings wh

that's homeowners that's tenants, and people as spierg to be both.his legislation provides support to both homeowners in san francisco but also our tenants and provides them greater protection than they have today. i reject the notion that to support home ownership is to be anti-tenant or to support tenant rights to be anti-home ownership. it is a balancing act. as we see in congress on a myriad of issues extremism is bad for political dialogue. we need common sense solutions that work for residents, that can benefit everyone, and this legislation provides middle ground. while challenging legislation generally takes time to weench its way through the board of supervisors i would impress the time sensitivity involved. these massive interest rates are going away. every month gets more and more difficult and gets closer to leading families to leave their homes. i hope to evaluate but also move forward as quickly as possible. thank you. >> chair wiener: thank you supervisor farrell. collection, president chiu supervisor kim, do you have any opening comme

tarp was supposed to help homeowners. was supposed spo help almost 4 million people stay their homes. the justifications for not doing the right thing, not reducing principle, not fulfilling the promise. we can't help an undeserving homeowner. that would be terrible. the financial institutions that rode this country into the ditch, the unemployment -- that's not what get themes money. let's make sure they are able to pay their billions in bonuses because that might upset the system. it was an incredible double standard. >> jon: it's a bizarre way of treating -- the people created the crisis have to be coddled because you never know when they might go off again. you never know when they might throw the economy over the cliff again. it's like a spoiled child. what if we charge you no interest. [ laughter ] and you could sell it back to us for 5%. we don't care. don't hurt us again. >> a lot of banks did and still do hold a gun to their head. they hold us hostage. if you bring criminal charges against them you bring them dow

and for homeowners, the price is too high. the mortgage is too high. so right here, we just want to let the city know about our thoughts. so we hope everyone will support this proposal. if this proposal is passed, the tenants would be able to get a piece of fund to afford their housing. and our living in san francisco would be a little bit relaxed. and also the next generation of our tenants will be able to purchase housing in san francisco at a lower price. and as homeowners, we like our next generation to be able to purchase housing at a lower price too. all i know is that all this benefits will pass down to our next generation. whether you are tenants or homeowners, i am calling everyone to support this proposal. so that we, and our next generation, can live happily in san francisco. thank you very much. >> translator: i'm a visitacion valley citizen. i support the t.i.c. proposal. we know that san francisco renting or you're buying, they are both high. i hope the city will build more affordable housing. to support certain families, and san francisc

>> we do believe that part of the dramatic nature of the drop in california is due to the homeowners bill of rights that took effect in january. >> wait a minute. a series of consumer protections signed by jerry brown last summer that became enforceable six weeks ago are turning things around for the rest of the country? this statement could be partly true. but it requires a lot of explaining. first, as we mentioned foreclosures for the country did drop 28% this year. and if you remove california, activity for everybody else actually went up up 1%. so california has been a positive influence. but foreclosure rates in the golden state have been falling since 2009. so it's hard to see why gains from the last month are getting the glory. >> i think it would be hard for us or anyone to say that the big drop is directly attributable and solely attributable to the legislation. >> kevin stein is associate director of the california reinvestment coalition whose group advocates for low income and minority homeowners and works to prevent foreclosure. he's encouraged by the following figures. s

the population of homeowners who today are under water on their mortgages is 20% of all homeowners who have not been able to refinance in a low-interest rate environment, a missed opportunity. to reach homeowners who are more benefit for a high-interest loan they may hold. we very much support any assistance to reach that population. we have a program that is reaching homeowners whose mortgages happen to be held guaranteed by the g s es, we have seen very good take up in the refinancing assistance for providing underwater loan holders in that population but another group of homeowners to not have mortgage held that the gsts that have not been able to take advantage of this. we think it will be good for homeowners and good for the mortgage market and the economy. >> senator coburn. >> i'm glad to be on this committee. i have one question and i will submit the rest of my question to the record. this is for mr. cordray. mentioned financial literacy that needs to be approved. i wonder if you are aware how many financial literacy programs congress has running right now. >> i can tell you by

i would ask you to stand up for homeowners and fight the banks. thank you. >> chair wiener: thank you. next speaker. >> thank you, supervisors, for introducing this legislation. my name is tina, i am a t.i.c. homeowner, i have been a renter, i've moved 11 times in my marriage, raising two children, cities like washington, d.c., london, silicon, valley, san francisco, and i think i'm a reasonable, pretty collaborative person. and no one has ever been removed from -- we moved here six years ago and no one has ever been ellis acted. we may our taxes. and we're not going anywhere. we're here for the long haul. but we see people in our building who have sold, and our building renovated sold in 10 minutes to us, and other people who bought. but it's taken over a year to sell them because of the hoops the banks make the new buyers go through. and i just think it's the next right thing to do. and i love to see $20 million go into affordable housing. thank you very much. >> chair wiener: thank you. next speaker. >> i want to -- mike muylan that was my wife

gave money to homeowners to then pay down their mortgages to the banks these so-called toxic mortgages where would we be today would we be better off we better off if not bailing out the banks are the homeowners because yes well we've got here is crony capitalism what democrats pay their friends on wall street the size of the writer and a great depression mark is that well i don't think we'd be in the great depression i agree we shouldn't be able to either party out would we be better or worse well we're in a bad shape i don't know if the other way would have worked better i think the governor made the right decision here because there's. first of all when you get into this you're infringing on private contracts they're buying this up their buying poor property we're going to do something good with it that's fine but you're going around you're bailing someone out and again when the government goes and retroactively start bailing people out from either bad decisions or unfortunate times it almost always ends in fiscal disaster down the road it's almost always a kick the can down the roa

gave money to homeowners to then pay down their mortgages to the banks these so-called toxic mortgages where would we be today would we better off would be better off if not bailing out the banks are the homeowners because yes well we've got here is crony capitalism what democrats pay their friends on wall street insiders and we might be better in a great depression market was that well i don't think we'd be in the great depression i agree we shouldn't be able to either party out would we be better or worse well we're in a bad shape i don't know if the other way would have worked better i think the governor made the right decision. because there's first of all when you get into this you're infringing on private contracts they're buying this up they're buying poor property they're going to do something good with it that's fine but you're going around you're bailing someone out and again when the government goes and retroactively start bailing people out from their bad decisions or unfortunate times it almost always ends in fiscal disaster down the road it's almost always a kick the can

it not easy for anyone, certainly single homeowners. i hope you support it.portant for us to have

i have been a resident of homeowner in district 10 for seven years, a resident of the bay area for 12 years; like many transplant i have fallen in love with our city and have become an active member of our community by becoming engage in political matters in volunteering my time to support good causes. i worked in the clinton white house for three years working presidential personnel and making recommendations on, yes, political appointment in his administration. i have a decent understanding of the political process and the appointment process to be sure. my career in the bay area has been and is the development primarily in large companies now with ernst & young. i also started a food truck with friends. and i chose local vendors to support our local economy. as a district 10 to this and i committed my time to community involvement as well as an advisory committee member with the mission ymca, and supervisor avalos's district. we sponsor a food and wine event, any golf tournament in santa cruz; we raised over 1,000,000 dollars of those events. i volunteered to junior achievement of

you have a homeowner here. he's planning to build two other homes.ys the trees need to be taken down. it's expected to be quite a battle tonight during the city council this evening. according to the chronicle, the residents approved of the plan to build the new homes but they don't like the plans to bring down the magnolia trees and the chilean trees. earlier this year, the planning commission approved that plan but it's gone back and forth and gone back to appeal twice now and they are planning ong having that meeting later on this evening. there are 25 residents here banning together who say they want the trees to stay here. that's where we stand. pretty big lot. the planning commission meeting expected to begin tonight at about 7:00. we are live here in menlo park. brian flores, ktvu channel 2 news. >> thank you, brian. >>> 7:05. breaking news. "the associated press" is reporting that president obama will announce in his state of the union address tonight that 34,000 u.s. troops will be home from afghanistan a year from today. right now, there ar

but it's not just young homeowners battling to keep their homes. it's their parents and grandparents. as many as three million elderly homeowners find themselves facing foreclosure. aarp says many of those in trouble are over 50 years of age, and they're in a situation because they're taking care of family members or they're dealing with unemployment. often they don't even realize that their mortgage is underwater. >> if you're asking yourself questions at the end of the month such as how am i going to pay my mortgage? do i have enough money to pay the heating bill this month in these are all indicators you could be at risk and again the earlier you take the steps the more options you have and the more likely you are to avoid foreclosure. >> there's a program now offering a solution. aarp launched the housing solutions center. homeowners over 50 or loved ones with aging parents in trouble can call a hotline in order to get free help. and the number to call is (855)850-2525. (855)850-2525. help is also available in both english and spanish. >>> howa

when a volcano blows, when lightning strikes, homeowners are covered.f a plane or parts of an airplane fall on home our or if a satellite comes down and hits your house, that is covered, too. most anything that falls you're going to be covered so risk is low. but if you did have a meteor coming in, over a largely populated area it would still be covered. it would be the insurance claims would be very expensive in that situation. >> now this, follows a basic rule pertaining to water fit falls out of the sky a policy covers damage so there you go.Ô >> good to know. >> thank you. >> sure. >> we're talking of space objects there is time to see the asteroid that whized by today without doing damage. it reached closest point this morning but still on the other side of the planet at this time. in terms of space in the much. >> they're certain that this particular asteroid is not only not a threat to us tonight but not a threat to us in the for seeable future. >> new it's dark it should be visible through the telescopes. in oakland. the center will have video s

woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. neil: lady gaga not coming to a town near you, a injury forcing gaga off the road but president obama hitting the road to go gaga over spending. launching a 100 city tour eto help local governments tap new spending programs, courtesy of uncle sam. richard benjamin is joining us. and gary, you just think that this is beyond a mixed message? >> it is almost like the obama administration went in a room said, how could we worsen this? how could we make more people mad? we're in a situation, today neil 3 billion-dollars were headed to the deficit, we have a congame with they i sequester coming up, now let's spend more money, sending people out to spend more

the homeowner is a deputy with the campaignedia sheriff's department. darcy spencer joins us with more. >> reporter: police released the identity of the man who was shot and killed last night. he's 20-year-old john popnet, lived in indian head, maryland. there's a new twist in this investigation. police are confirming that the deputy did not use his service weapon in the shooting, bus his service weapon is now missing. >> they're excellent neighbors. you don't ask for better people. >> reporter: joyce is neighbors with the deputy. that deputy, police say, shot and killed a burglar after he broke into his home last night. she spoke with the officer after it happened. >> any time something like this happens, you're shaken up, no matter how much training you have. so -- but he's going to be okay. his family is going to be okay. >> reporter: this is the house where the burglar broke in on rosemarie drive. there was a confrontation, and police say the officer pulled his gun and fire. the burglar ran out and collapsed on the ground, later pronounced dead. thi

homeowners with drew trillion in home equitty and used it like it an atm . is it possible for those false good times to return? >> ape lots of experts say no. i think the information is it much more mixed and we have to approach it very cautiously . the 11 million people that you reference still under water on their homes, clearly they can't borrow more money. 1.4 million people slipped through october. thape slip happened into the black and that is it good news. that means they have home equitty that they can tap into. why is that, well, depending on the numbers. i am using co-logic numberings. real estate nbc are up 8 percent year after year . helping people move from the red to the black and that is it encouraging as long as we don't go overboard. lending standarpeds are tighter than they used to be and that is it a good thing. we are not i am always upon cautious when i think much people borrowing. pruden is not in our dna when it comes to money. people used to borrow for anything and everything whether it will be a car loan or replace their credit card

. >> for these homeowners in contra costa county things are going from bad to worse. esther de a huge tree comes toppling down on their home and now they're dealing with rainfall. i'll have the details and a live report. >> the storm bring rainfall here to the golden gate bridge into the north and marin county right now. we are tracking the rain. in a couple of seconds. we're going to tahoe to tell you about the snow. first we will get to george and let us check hotspots. >> we are looking at a couple of accidents that tied up traffic into walnut creek out of pleasant hill, concord. boat 680 and 242 in the south bound direction. >> two minor accidents they were in the lanes both have been will to the shoulders and a slowing the ride on 680 south out and on 242. >> 680 back up to highway 4. to 42 almost backed up the highway 4. 16-18 minutes drive time getting into walnut creek which would be a seven or eight minute trip coming from highway 242. >> i will have more traffic coming up erica. >> waking up to rain. a live look at storm tracker 4. spots of green indicating

police searched the house two days ago after the homeowner made a threat against state senator ye, on tuesday, a homemade bomb were blown up by the bomb squad and a further search turned up more hazardous chemicals. what the c.h.p. is calling "usable bomb." >> actually, that isn't what we were looking for so it was an eye opener. didn't expect to find what we did, officially, so we are working on continuing to make seen safe as we process the evidence. >> another surprise, the suspect is a software engineer who worked directly with apple cofounder, steve wozniak who endorsed him on the linkedin profile saying he is the most generally skilled engineer. he is never dull and that keeps the rest of us inspireed. the suspect remains behind bars this morning in the santa clara county jail and the senator has planned a news conference for later this morning to talk about the threat against him which has to do with his efforts to bolster gun control laws. they plan to blow up the bomb found here yesterday and blow it up later this morning in a trailer that is designed to do exactly that. >> t

homeowners. i recognize that others have suggested that we should use that $100 million to provide property tax cuts instead. the difference between the tax rebate and the tax cut is simple: who stands to benefit? given $100 million back in the form of a tax rebate will return $400 to everyone that has primary residence in the state. when you put a check in the hands of montana taxpayers, they're going to take that money down town, and they're going to spend it in the small businesses along main street. if you take that $100 million and use it to cut property taxes ip sed, the average montana homeowner would receive $44 this year, not $400. think about that. it will take ten years for the taxpayer to get back as much money as they'd get this year with a rebate. yet if you're a company like pp and l that proposed tax cut would reward you with over $1 million this year alone. that's 23,000 times more than the average homeowner would receive. if we consider and we earnestly consider who stands to be

i propose returning $100 million back to the pockets of montana homeowners. i recognize that others have suggested we should use that $100 million and provide property tax cuts, instead. the difference between the tax rebate and tax cut is simple: who stands to benefit? giving $100 million back in the form of a tax rebate will return $400 to everyone with their primary residence in the state. when you put a check in the hands of montana taxpayers, they're going to take that money downtown and spend it at the small businesses along our main streets. if you take the $100 million and use it to cut property taxes, instead, the average montana homeowner would receive just $44 this year, not $400. think about that -- it will take 10 years for the taxpayer to get as much money back as they'll get this year with the rebate. yet, if you are a company like pp&l, the proposed tax cut would reward you with over $1 million this year alone -- 23-thousand times more than what the average homeowner would receive. if we consider who stands to benefit from our actions, the pat

the homeowners stated that they had an inspector, to check the 400 old dree. afternoon they came crashing down and is split their own. they stated that the crews are expected to be back here to clean it up. this damaged this a golf cart as well. if they have so much scorn on at this multimillion-dollar home. there were people inside of bone when this happened. here is what they had to say. >> the route structure was never damaged to where we were concerned. >> we have been here so long that we felt that the tree will last longer. >> i can tell eudora, that the home is so damaged that they cannot even walk-in and rabin and king.you daria, that s so damaged that they are not allowed to walk in there and grab it is said. the homeowners do not know whether not their home is salvageable at this time. this is a a reminder that >> ditcher tree inspected especially with the rain coming down you should get yours inspected. >> in other bay area headlines overnight. firefighters battled a one alarm house fire in san leandro this morning. the fire broke out around 12:45 p

not a lot of stressed homeowners but signals that maybe consumers were getting into a crunch, then came the crunch. i am saying that the signs are more persuasive, we're in for some stormy weather, how else do you explain walmart worried? walmart, a magnet for the common man uncommonly concerned about a payroll tax, and rising gas prices. and all because, now and then, most were focused on wrong thing. dismissing the rich getting zapped with higher taxes now, convinced they could bear it, so could the economy, but forgetting the whole payroll tax affecting just about everyone. so, no effect on the economy. wrong. big effect, big mess, like lay a trillion dollar mess, all because of the thousand bucks this is how much that payroll tax thing costs average american household making 50 grand a year, 1500 for those 75,000 a year, that is up to 125 bucks each month going to uncle sam and not to sam's club. over a years, that really was not in great shape before this. now really shaky what it is going down. to add insult to injury, gas prices are going up, we were contracting at end of last ye

that's perplexing to the homeowner. she wants to remain anonymous. >> i'm not sure, why he could teal is a camera makes no sense. >> his first attempt to grab it unsuccessful. he steps back, trying to cover his face and goes for his flashlight. signs it at the camera. that works for a few seconds, then, it rearms itself. >> it's creepy to have someone crawl on your porch, it's unsettling. >> he tries it again, stuffs the flashlight in his mouth. the wrong side in at first. and then he starts scaling the wall. and that's when the camera really gets a good picture of him. >> it's why five, it goes up to drop cam server first and we can load it from the internet. it's in the cloud, forever, his face. you just can't beat technology. her new night vision camera is back up and so will all the posters with all the nice big photos of their thief. the most wanted man in this neighborhood. >>> facebook founder mark zuckerberg is getting a crash course in politics. protesters gathered out his home asking him the reconsider fundrai

and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. man: we are rolling. all right, mama's gonna bring it home, mama's gonna bring it home. oh, no! man: oh, mom! aah! announcer: challenge your kids to be active and eat healthy. all right, let's see what you can do. let's go. announcer: search "we can" for ideas on how to get healthy together. >> the nasdaq at the highest close since november of 2,000, and volume down to 2.9 billion shares. the dow jones industrials breaking the five week win streak, and s&p and nasdaq, however, squeaked out gaining exteemedding the winning streak to six weeks. this is the first six week winning streak for the s&p since 1971. linkedin with an all-time high, up 21%. aol up 7.5%, apple up 1.5%, and crude and oil closer lower, oil, the worst weakly performance since the end of november. ten-year treasury unchanged, a yield of 1 #.95%. well, here on fox business, we've been focusing on the real estate story throughout the

this clean-up will take all time and the family cat is now back and with the homeowners. reporting live and contra costa county, justin waldman, kron 4. but this is a closer look at that tree. it is pretty telling. since right after that tree fell down. and in this image, it is all cleaned up. this is the top of the treat this is a portion of the base of the tree that was planted in the back. with the front yard. you see it is on top of that suv after their cleaned that up. it is on that overhang and look at this golf cart. it got crushed. you see a little bit of that part on the right side. aho that tree. alamo. >> pam: new tonight at five. a livermore mother -- convicted of molesting children. is arrested again. police say, christine hubbs violated a condition of her parole -- not to possess or have access to pornography. in 20-11, hubbs pleaded no contest to having sex with two teen boys over a two year period. according to court documents, one of the victims was her own daughters underage boyfriend. >> catherine: a developing story police don't know the motive in toda

it is just that they may delay the time at which they become a first-time homeowner. over one's life cycle, about close to 90% of households become a homeowner at some point in their life cycle. that is not the homeownership rate you see in the news. the census bureau brings out homeownership rates, 55% or so -- that is a little different number that i am talking about. home ownership rate is the third set -- percent of household today owners versus renters. but mixed into it households of many different ages. the young cohorts and older -- a vote -- and over one's life cycle, about 85% to 90% of all households are homeowners at some point of the life cycle. that has not changed, but the age at which people choose to become a first-time buyer and transition to home ownership may have changed. i think it is probably going to be delayed relative to what we were seeing several years ago. >> household formations are up. not up to the trend but higher than the last couple of years so it may take longer for this group to get in there. but the group is getting bigger. >> abs

gave money to homeowners to then pay down their mortgages to the banks these so-called toxic mortgages where would we be today would we be better off would be better off if not bailing out the banks are the homeowners because yes well we've got here is crony capitalism the democrats pay their friends on wall street massage everybody better in a great depression market well i don't think we'd be in the great depression i agree we shouldn't be able to either party out would we be better or worse well we're in a bad shape i don't know if the other way would have worked better i think the governor made the right decision here because there's first of all when you get into this you're infringing on private contracts they're buying this up there by poor property we're going to do something good with it that's fine but you're going around your bailing someone out and again when the government goes and retroactively start bailing people out from their bad decisions or unfortunate times it almost always ends in fiscal disaster down the road it's almost always a kick the can down the road kind o

he starts coming out and get the hose and start throwing water. >> the homeowner did try to fight back the flames just with a garden hose as he waited for firefighters to arrive. no one was hurt. and fire officials estimate the damage to be about $90,000. >>> a 41-year-old man is behind bars this morning accused of taking a man hostage at a fast-food restaurant. it happened early yesterday morning at the jack in the box in pleasant hill. investigators say samuel guerrero threatened an employee with a knife and then tried to rob the business taking one employee hostage. in the end, no one was hurt. >>> this morning, palo alto police are searching for a suspect wanted for robbing a man at gunpoint. it happened in an apartment complex on hanland drive yesterday morning. police say the suspect approached the victim, a man in his 40s, pointed a gun at him and demanded his wallet. the man then ran away. the suspect is a thin black male in his late 20s, early 30s, 5'8". he was wearing a gray hooded track suit at the time of the robbery. investigators are trying to figure out if this man is co

. >>> homeowners in san francisco's west portal district woke to a 16-inch water pipe that ruptured at near 15th avenue. the cleanup and the cause of the crack. >> reporter: this was the screen today as a small army of city workers, private cleanup crews, and stunned homeowners began digging out from the onslaught of water that flooded this street when a 16-inch city water pipe ruptured early this morning, sending thousands of gallons of water up to 3 feet deep in some places. >> my car had water in it parked in the garage. it was quite a mess. >> i'm not sure our insurance even covers this. >> how come? >> that well, they said it's groundwater. >> it moved elements in the foundation. >> reporter: cracks are growing on his walls and a sink hole has opened up in his neighbor's backyard. it's too early for damage estimate, but considering homes here go for about $1 million or more each, it is definitely going to cost. residents tell us they were told the pipe may have been damaged when t city was replacing a sure line. >> there is a possibility that some of that work may have impacted th

the president wants to make it easier for homeowners to refinance mortgages back by freddie and fanny. it could run into trouble in the republican controlled house. >> a new report out tonight from the national association of home builders shows some confidence among builders is at its lowest point in more than six years. many builders are reporting lower numbers of prospective customers ahead of the usually busy spring home buying season. >>> d.c.'s tough law keeps working and moderate income people in their apartments. but for how long? bruce johnson reports that new apartments are not subject to rent controls. it's the same for existing vacant units. the owners can charge whatever the market will bear. >> jose was one of the few tenants left in this huge apartment building that sits in the middle of the city's thriving adam's mortgage neighborhood. >> 35 years. >> okay. this year his rent cannot be raised by more than roughly 4%. that is a consumer price index, plus another 2%. but once the units are vacant, the rent controls are lifted. >> how much do you pay in rent? >> i pay clo

woman: what do you mean, homeowners insurance doesn't cover floods?] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. they're about 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99% of odor causing bacteria and helps dissolve stains. that's why i recommend polident. [ male announcer ] cleaner, fresher, brighter every day. c'mon0manp just do it.ú no one's watchingp ♪musicú ♪musicú good job lou: another look at the radar on the winter storm hitting the northeastern part of the country, that is expected to dump 3 feet of snow the governors of new york, connecticut, massachus etts, rhode island have ordered a state of emergency was blizzard warnings went at 70 miles per hour also wipe out conditions are expected and major snowdrifts it will be quite a n

that is perplexing to the homeowner he hit. she wants to remain anonymous. >> why he would steal the camera makes no sense. >> reporter: his first attempt to grab it, unsuccessful. he steps back. it appears he's trying to cover his face. he shines his flashlight at the night vision camera. that works for a few seconds but then it just rearms itself. >> it's very creepy to have someone crawl on your porch. think tries it again. he stuffs the flashlight in his mouth. wrong side in at first. then he starts scaling the wall. that's when the camera really gets a good picture of him. >> it's wi-fi so it get up to drop cam server first. >> reporter: so it's in the cloud? >> yes. >> reporter: forever. >> his face. >> reporter: the homeowner had that video posted on a local community blog. she's also posting this all around here. >> there's a mysterious new disease striking young women. it often begins with mood swings, depression, headaches and then suddenly everything goes haywire. before long the women seem possessed like their brain

wondering if a recent policy change discriminates against homeowners with dogs. a recent change in the policy says if you own one of three different breeds, you're no longer covered. "today in the bay's" bob redell is live in san francisco right now with more on this story. bob, good morning. >> reporter: good morning to you, jon. it may have dog owners think twice about bringing pets to parks here in san francisco for fear that if their dog were to get involved in a dogfight or bite someone, they wouldn't be covered by their insurance company or specifically speaking about farmers insurance company which in recent weeks announced it will no longer provide liability dog bite coverage if you have one of three breeds. pit bulls, rottweilers or or wolf hybrids. 25% of all dog bite claims are associated with those three breeds. that's why they are singling those breeds out. the insurance information institute says that in 2011, overall dog bite claims cost insurance companies almost $93 million in california alone as you can see financial why farmers insurance is doi

>> >> reporter: that thankfully, the homeowner and his wife are okay. the fire department has it under control. they got a call around 4:45 this morning. the resident in the home tells me that he and his wife woke up in the middle of the night to the smell of smoke and then they walked to the kitchen window and saw tons of it from the outside. he and his wife got out safely. they called the fire department and were able to respond within a few minutes. they got the fire under control. when i spoke with san ramon valley fire, the biggest concern is because it's a small apartment above a garage they were not able to get as many firefighters inside to fight it but they fought it from the outside. at this point, it is still early in the investigation and they don't know the cause. but right now it's all about mopping it up. the last time i spoke with the battalion chief he said they were trying to get a lot of that smoke that had gathered on the inside or in the inside of the apartment out so they could take a look and assess the damage and salvage some of

homes along 15th avenue hit hard tonight homeowners wondering if a sewer line replacement could be toame for this. heather, what a mess it s the city] saying that repair had nothing to do with this. the city did just finish putting in new pipe and connecting it in the last hour or so. so it's in and is functioning of. they will quit work in the morning. the sink hole was still significant. it's grown to allow work to go on. clean up has been going on since early morning hours and will continue for these homeowners. >> a back hoe like the rind of an orange. the layer of the street collapsed this morning after water rushing from a 16 inch water main carved out layers of dirt below left this family with no way to get:xné the car t of the driveway. they were the only house without water most of the day. >> we're much more fortunate than our neighbors because we're uphill. >> 23 homes for them, did.@[h next door, kate young is crossing her fingers the harley is okay. she and her husband woke to the sound of rushing water and the house. cracking. >> you can hear it crack. that woke me up.

on one side you have homeowners. they are trying to dig through mud and the mess that's been left behind and take a look over here. you can see crews trying to get to the bottom of what happened. what you are looking at is that 16-inch water main that broke this morning. it caused a sinkhole but right now they are trying to dig it up and just get access to it because you can't fix it if you can't get to it. take a look at these incredible pictures as water went rushing down at 2:30 a.m. this man had water in his house and his car was submerged. >> the water got as high as the windows and the alarm started to go off. >> reporter: once water got to bo. to of the -- to bottom of the hill, it started to rise in people's homes and cars. this woman's son was asleep when he awoke to the son of rushing water. >> my son upstairs start crying for his stuff and everything. >> reporter: how old is your son? >> 14. >> reporter: crews got on scene as the sun began to rise and the homes began to fall. 23 homes and 12 arizona were d

to protect homeowners from being robbed.s celebration turned south when 4 people were shot saturday night. we'll have an update on the victims' conditions. plus cleanup underway in then northeast. after a snowstorm pummled through. dumping up to three feet of snow in some areas. stay with us. we'll be right back. >> the blizzard that pummeled northeastern states has drifted out to sea. and right now the clean up effort begins. more than 220-thousand homes and businesses are still without power. following the massive snowstorm that swept across the northeast. massachusetts suffered the most outages. the storm dumped up to three feet of snow in some states.and knocked out powers across eight states. from maine to pennysylvania.meanwhile, trains and public transportation networks are also working to get back to full operation in time for tomorrow morning's commute. the national guard isn't in the business of delivering babies. but they had to make an exception early saturday morning in massachusetts. that's because ericka beuno

. >> i want to talk about things a homeowner can do.have comfort and we have things like a little bit of maybe safety if your front door is ajar and waterproofing if you have a leak in your roof, or if you have broken glass on the window. >> so unr, one of the most important fib use is keeping outside out and inside in. let's look at windows. >> let's assume this window is broken in the earthquake. we have wind and rain blowing in. one of the most important things you need to do as a homeowner is secure the plastic properly. if you just take staples or nails and put them into the plastic, we're going to get a strong wind and rip it right off. what i'm going to have somebody do is they're going to have -- this is an old piece of shingle. you might have -- everybody has a piece of wood in their basement. it doesn't have to be fancy. they take out this rusty screw begun, and hopefully you have one of these. >> there is one at the neighborhood support center. >> at the neighborhood support center. you're going to wrap this plastic around th