he says he will make us some money with united rentals.we had a construction and route yesterday that wesley very good. it got lost in the shuffle. as the economy comes back and we see more building, you will not see people buying big cranes, they will lease them. they will rent them. stock has had a huge run. i think this weakness is a great time to buy. stuart: if the economy is as weak as some suggest, that plays against united rental. charles: part of our construction that we have not done for years, i think that there is some serious opportunities there. housing is coming back. i think it will be huge. this is a 401(k) idea. stuart: united rentals it is. we talk a lot about works and mortar stores on the duck line. online shopping, that is on the rise. joining us now is three br ceo. as i understand it, you have a product that allows video cameras, a surveillance system to follow shoppers around the store to see what they are looking at. >> we do use a video system. we actually use the video system to extract all kinds of information

commissioners from the planning commission you're very well know that hundreds if not thousands of unit rentalave been removed if san francisco which has a population of 8 hundred and 5 thousand linked to the academy of artist university. this ongoing thing is taking forever. we want to know you commissioners who represent the people of san francisco what are you all doing really. this is a call to our mayor

the academy of [speaker not understood] university has taken thousands of units, rental units, converted them into dormitories. [speaker not understood], what were you representatives doing? there's one supervisor, he loves the units, you know, 100 square feet units where a man can sleep maybe with a dog full of fleas. it's this type of concern that you representatives have for the constituents. at one time your salaries were about 38,000. now you get 128,000 plus, plus the thousands of dollars that maybe y'all take under the table. so, we constituents are left at the mercy of people who say that maybe they want to represent when they stand for election with their platform. but once they are in, they deceive the people. they hood wink the people. so, i'm here to remind you as the director of environmental justice advocacy to work for equality of life issues and we'll monitor you. we watch you like a hawk. thank you very much. >> thanks. next speaker. >>> good afternoon, president chiu and supervisors. ♪ you see, i've been through the chinese new year parade with the horse with no name it

point fund, and conveyance agreement with lennar in furtherance of development of 59 units of very low-income rental housing serving families up to 50% area income, ami, plus one manager's unit. in my presentation i'll provide a description of block 49, block 49 project, [speaker not understood] the legal documents before you today, and a project outlook. block 49 is locate on parcel 8 hilltop section of the shipyard at the intersection of donna hugh street and kirkwood avenue. it's situated at the parcel's perimeter which means that it connects the shipyard development to the existing neighborhood along donahue. phase 1 of the shipyard will be mostly residential neighborhood with market rate housing and opportunities for low and moderate income families consisting of phase 1 affordable housing program. [speaker not understood] 18 affordable rental units on designated site as you can see on this map in orange and the map also shows the location for block 49. in addition to the agency units, lennar is required to provide 15% of all developer units which is a total of more than 1100 units as affordabl

it includes a 32 story 409-unit rental apartment tower which will include luxury and regular apartments. i'm michael newman and president of our company. i'm here to represent the company as well as our partners all of whom are here today. doug shoemaker is here also representing housing which is making affordable housing on block six a possibility. today we'll hear from doug and we'll also welcome to the podium mayor ed lee and tiffany from ocii. i would also welcome the union representative today from trust fund northern california cal -- and san francisco tc and of course all the union workers helping to build. the care takers of union pension funds have invested in block six as our financial partners. the success of this project will support the pension funds and the pensions of the union workers as well as creating union jobs. box 6 is poised to make significant contributions to san francisco. we are adding to the south of market district and amenities that san francisco expect and enjoy and design a lead gold certification. it's more than a green building. it's been designed to re

united rentals i'm not afraid of. they have number one market share. you see them outside.he show seen their cranes somewhere. they lease these cranes and they're number one in market share. they have over 800 locations in america. it is a u.s.-centric play. i like the idea of the u.s. taking the lead. this morning of all the bad news out there, one shiny spot was construction spending. construction spending came in a little better than expected. private construction last year was up eight 1/2%. 630 billion annual run rate. these guys are right in the sweet spot for that, right now people are still tentative, projects will go out and you will not buy cranes and all that sufficient, you will lease them and rent them. ashley: quite a run-up from the last summer, haven't they. >> they have had a huge run. i like the idea it is pulling back. don't have to necessarily pull the trigger. put this on your radar. fiscal 15 -- ashley: just cranes. >> they have a great assortment ever products. ashley: that is are with the sweet spot for them you think? you. >> this stuff as we start

xerox, united rentals, all these companies are interested in him.you did a phone interview already, correct? >> i did. >> so you're getting there. it's a small town you live in. you don't regret what you did, but you do care about the business you left. >> i do. it's not about running the business out, the business we needed there in fayetteville for our infrastructure. there's a lot of hard working people that work there. i don't think they should suffer because of this. it's, you know, we need them there, we need them to have their jobs. and, you know, it's -- it's not fair for -- i understood people being upset, but it's not about the business. you know, just one individual just happened to make a bad decision. >> but we're taking this and turning it into something positive here for him. and veteran recruiting worked with him, he has a profile. they work with vets, profiles, resumes and coaching throughout the process. we're going to have more on rick, certainly, in the next few weeks. we have just gotten started. we need more time. his daughters

he broke in through a rental unit attached to the building and you trip and alarm trying to break intoe with unbreakable glass. he got trapped inside of the building and cannot get out. police pulled up as he was trying to get out through the front door. you may have heard be advised that the lowering your thermostat and you can save money during the winter months. can a couple degrees it really make a difference? natasha barrett found out. you mightnth is what see higher energy bills. some companies estimate for a five percent more because of the record cold we have been having. he has a message for his home. >> it is 59 and now. >> it will go down to 67. >> how important is a few degrees in your heating bill? decrease by a digital or two doesn't make a difference? >> it it does. the if you set it at 68 which we recommend, for each degree you turn it down, it is a 40% decrease in your energy consumption. >> that savings can save you money. the department of energy said every degree you drop, you can say one percent. energy star recommends setting for your thermostat at 68 degrees duri

so there's a shortage of rental units, there's also a shortage of homes for sale, either newly built ones or resales. so we have an inventory shortage on both fronts. that meanings that we'll see more rental inflation as the rental vacancy rate is back at 2001-2002 levels. it also means we'll see price appreciation in the housing sector for both newly built homes and resales. we were up about 12% in home prices last year. given the lean inventory and on going increase in sales, i'm hinting of an inventory-sales ratio, that tells us that home price appreciation should be up probably 8 to 10% in 2014. >> all right. a bullish housing forecast from carl ricadona, senior economist at deutsche bank. thanks. >>> on wall street today, investors were encouraged by the strong numbers on new home sales. stocks rose early in the trading session with the s & p 500 hitting a fresh record high. and the nasdaq reaching a 14-year high. and although those mile stones didn't last, the russell 2000 small cap index did close at a new all-time high. at the end of an up and down day, the dow rose 18 points,

with children, where we can build a hundred or thousand and divert these people from converting rental units if they find housing that is appropriate for them. another idea if this is land owned by the city, if we donated this land to the builder on the condition that the builder reduce the prices to 25-30 percent below market, i think that's a good trade. because you know, that would be the condition of this kind of land donation but it would still be market rate housing but it would be price controlled and that would be a really good use of some of these lands. so, the only other thing i wanted to comment on is 300 post and i'm glad to hear that was approved. i didn't quite follow the whole discussion on the legislative piece. i know there was a reason some of the commissioners had talked about an sud possibly but either way in the format it was proposed as an sud is on the plate of the supervisors now. i didn't understand the ceqa arguments on that one. finally on pdr facilitation, i think that was an excellent discussion too and i think i was questioning, i don't need an answer now but w

patch up his family he was afraid truong and rental apartment was so you dad really united with his wife and children and they moved out on into apartments together. so that for a few you soon is that this is what's immature you probably. know. it's not i'm from cuba. ready to come from europe i've been in different states of the united states. and this is the best this is the top that day everything you know what i mean don't make it. he will make it in no way. you know what i mean he said i report to here in new york. mayor you know i don't mean i just get out of enough money thrown from work and never see what close. so thank you very much you really appreciate it but that's. not how. you. feel. when you're when you're young you have a lot of energy and had to because our. i went around painting beggars in the street and i went to the bowery i painted bums i'm sorry. i'm not that political i'm not that. you know to me it was more about. statics you know if i painted black. people it's not because i love them or don't love them i find it beautiful i find it easy to paint. it's politica

. $276 billion with the securitization of affordable housing which including 600,000 rental units. mostly low-income. by the way, under the goal and regulations, those loans first up all the stuff it is primarily overwhelmingly to low-income people. but by regulation, the fannie and freddie goals really -- the most important thing and nothing to do with the trust fund and fund. both of which we support and see funded but by regulation they have to go to people who don't need a subsidy but who happen to be a truck driver, a work in the bakery. or, you know, work for a newspaper and trying to get a mortgage. they're not making $250,000 a year. they're moderate income. what we do -- con vernalling and confusing the trust fund and the subsidy with what this market does. and this is what people have to understand. because that's what is at stake here. not having that affirmative obligation. it disappeared under the current proposal. as -- i talked about this a lot of people about it. i think that in the primary market it's cra it's a straightforward thing. if you take it from the commun

. >> the investigative unit found that hackers are now focussing on vacation rental sites. >> a lot of can be exchanged on these sites. more than a half million rental homes are listed on sites. victims claim they have lax security and they say that makes for sometimes easy pickings. >> reporter: selling luxurious, private get aways for your family and friends. rental websites like vrbo and home away offer destinations for bay area vacationers, places like lake tahoe, hawaii and wine country. here's how it's supposed to work. click on your ideal rental property, contact the owner, then reserve the booking with a deposit and it's yours, but take what happened to helen. >> i had seen none of these e-mails. they had all been responded to by someone else. >> i was one of four people scam thad weekend. >> reporter: so you had your first problem how long ago? >> approximately two years ago. >> reporter: and it happened again this week? >> yes. >> reporter: each is a victim of phishing. helen used to be one of the 2100 bay area residents currently listing a home. she removed her listing after

2012 $267 billion with the securitizations of affordable housing goals which, including 600,000 rental units mostly low income. >> yeah. >> and by the way, under the goals and under the regulations, those subprime lows, first off, all the bottom bnc stuff, ineligible to be counted under affordable housing. the alt-a is primarily, overwhelmingly going to low income people. so it's not even really that that's serving the population we're most concerned with. but by regulation the fannie and freddie goals really -- the most important thing and nothing to do with the trust fund and the maintenance fund, both of which we support and want to see funded, but by regulation they have to go to people who don't need a subsidy, but who happen to be a truck driver or work in bakery or, you know, work for a newspaper. and they're trying to get a mortgage. they're not making $250,000 a year. they're moderate income. fannie and freddie has to serve them, and that's what they did, and that's what they do. and what we're doing is we're converging and confusing a trust fund and a subsidy with what this market

. >> a person tried to break into one of our rental units at the building and crawl through the crawlspacend tried to get into it, but the shatter-proof glass wouldn't let him in. you can see where he hit. all he did was really make a mess and get arrested. jon maybe if he'd had himself a watch, he would have been able to keep better track of the time, but the cops got there, and the thief gave up while he was still inside the store. heather: not a really good plan. jon: no. heather: not thought out very well. "happening now," new controversy surrounding new york state's tough gun control law. part of safe act passed in the wake of the newtown massacre requires anyone purchasing ammunition to pass a background check first. but the system, meant to run that, is well behind schedule. david lee miller's live in our new york newsroom with those details. >> reporter: heather, it took new york state lawmakers only one month after the sandy hook school shooting to pass the act which put in place those strict gun control measures. thousand more than one year later, authors have not been able to fi

of the biggest buyers of these homes and purchased 39,000 in the united states and the buyers account for a small fraction of the rental homes and not the prime reason for the price increases and home prices and rents across the country are going up as the real estate marketing and the economy is improving but still remains below peak 2007 levels. they say there is a key thing to keep in mind. this is profit seeking money making efforts and built on the numbers. as long as the prices and the houses are low enough, so they see attraction to buy them and rent them and sell it, they'll do it. >> those buyers are slowing or stopping the buying when they are not longer boosting the bottom line. mary snow, al jazeera. >> what happens if the investors decided to exit the housing market? what effect will that have? well, we don't know. this is a chart we are watching the homeowner ship rate is declining since peaking in 2004. it is dipped to 65.4% in 2013 and that is the lowest level since 1995. e smoke to the chief economist at trulia. i asked him why he believes that the homeowner ship rate is misleading. >> one of the reaso

2012 $260 billion with the securitization of affordable housing bill which, including 600,000 rental units mostly low-income. and by the way, under the goals and under the regulations, those subprime loans and eligible under affordable housing. also a -- alt-a is primary overwhelmingly go to low income people. is that even that which is serving the population were most concerned with. but by regulation the fannie and freddie goes really -- the most important thing, nothing to do with the trust fund and magnified, both of which we support, but by regulation they have to go to people don't need a subsidy of who happen to be a truck driver or work in a bakery or work for a newspaper and they're trying to get a mortgage only they're not making two and $50,000 a year. they are moderate income picked fannie and freddie have to serve them and that's what they did and that's what did you. and what we are doing is we are converging and confusion trust fund and the subsidy with what the market does. this is what people have got to understand because that's what is at stake here. not having that affi

we have about 370,000 residential units in the city and county of san francisco. about 62 percent are rental and about 72 percent of that housing was built before 1960. preserving that housing is a very important task and that is our primary goal. we want to identify life safety hazard and promote safe sanitary and function am housing. to be able to do that, the first components is to be able to make sure the property owners have as much information as possible to maintain those buildings, that means to educate them and make sure we are out there addressing meetings and talking with them anden is you -- ensuring we have the informational data and to survey their property. when it's really bad, it looks something like this. this is in supervisor wieners district. this is chaos of hoarding. the first anchor in code enforcement is how is the organization organized to be able to respond to complaints and to be able to achieve systemic enforcement. in the housing inspection division of the dbi we have 21 building inspectors and myself. that translates about 21,000 building inspections. we want to

have not seen in 2000 and 20001 and the matter is affordability issue is more housing, but more rental unitsonomy. obvio obviously the gdpp data is revised down, but we have ebb accelerating growth as greenhouse would put it, but at the same time the chicago pmi is coming in stronger than a lot of people expected. from your point of view, you seem to be brushing this aside because you are so bullish that you actually think that the yield on the 10-year could rise to 4% by tend of the year. >> that is right. >> and why such a big call? >> well, bullish, simon and have been for a while. we saw 3% growth in the back half of the year, and the reason for 4% is simple. the fed is tapering and they will end the qe this year and the market is going to discount a reversal in zero rates next year, and it is going to be consistent with history for 10-year yields to get to 4% and maybe above. so it is based on the bullish call on growth, and a likely fed response to that call. >> joe, what would it take for you to have a bearish view? you are known for having a bullish view on the economy and upbeat on

units and i also support affordable housing. real housing for middle income residents, not below market rentals that are still out of reach for low income renters. as a city we need to respect the land. high priced modern buildings with out landish properties. last but not least the city as a point of last report must pick the marsh theatre, the iconic institution it's become. you listened to both sides on december 11th and you crafted a solution. it was fair. i ask you to continue to do that. >> hello, i'm lynn lombardy. i'm here for the marsh, for the community, for san francisco. i'm here to reiterate that the findings and conditions that you set out in desert ones that we are asking you to continue to find valid because they are. other people have been more effective in their speaking than before and i just want to say that i hope you continue to hear the depth of concern of the neighbors and the citizens that live in this area that we don't just start being blah blah blah. the message that has never changed and that's what we want you to remember as you uphold your fine decision that you made in december. >> my name is isabe

unit cannot be more than 15,000. anyone who knows the state of affairs of the rental market in san francisco knows that $5,000 is simply not enough to allow these tenants to be able to stay in this city. and while it is true that we collectively not only on the board of supervisors, but working with the mayor's office -- mayor's office are working to reform the ellis act in sacramento, and that's an important piece of this strategy. as that work continues, there will still be many san franciscans who will be displaced so we have to do something at the local level to ensure that they don't have to wait for the state to finally tweak the ellis act the right way. in the meantime, we need to make sure that we help these residents stay in san francisco. as of june 2013, the city-wide median rental rate was $3,314. that's according to zillow.com. the median home prices in san francisco has recently topped $1 million, and the average listing price for san francisco homes for sale on trulia was $1.6 million for the week ending january 15th. on top of these figures, 42.9% of san franciscans are rent burdened meaning that they p

united states. only workers looking to buy that first home, but to build affordable rental ,omes and homeless sheltersional housing, and assistance. ferry putting a band-aid on a larger problem? still parallel transportation systems, one that the tech elite can take that nobody else can. >> the challenge in the bay area that you well know, emily, is that we have incredible traffic congestion. that very few of us, whether you are in the technology company or not, can afford. let alone the prices of rental homes. we need to find solutions to those challenges. , should tech companies like facebook and google contribute more to public transportation? >> they are. we all are. the silicon valley leadership group has led every successful sales tax measure. 10 billion dollars in investment. because of business-to-business sales, companies collectively pay $.50 of every sales tax dollar collected. when you compete globally, you can't pass those costs off to consumers. congestion,traffic the condition of our roads and transit systems, but the affordable housing issues we try to tackle. we were to define the pro

united states. >>> unfortunately, it's become common practice. scammers stealing your personal information online. they're increasingly focusing on popular vacation rentalebsites, vrbo and home away. a lot of money can be exchanged. right now there are more than 500,000 rental homes worldwide listed on the sites. victims claim the sites have lack security. experts say that makes for sometimes easy pickings. >> those using phishing attacks are extremely sophisticated. they can actually replicate what real vendors can do and do subtle things to the links in e-mails and phone numbers so that the consumer has no idea they may be dealing with somebody who's intent on scamming them. >> home away and vrbo say the increase in phishing correlates to the growth of the company and phishing results in travel loss less than 1% of the time. tonight hear from several victims, both property owners and renters who have been targeted. after the olympics at 11:00 to learn what you can do to protect yourself. >>> bart trains are running through the concord station after friday's train derailment. but there is more work to be done. train service was restored between the con