Half Moon Bay may go bankrupt. Without city services, would real estate suddenly become much less desirable?

Maybe some city services will be at risk but not all of them. The county will not allow it. Half Moon Bay is a key component to our counties' infrastructure and is a work horse community that drives its economy. I have heard this directly from congressman, assembly members and other governmental officials.

Northern communities on the coast, such as El Granada, Moss Beach, and Montara are unincorporated, while property values are still close to the other parts of the Bay Area. These communities, however, are sometimes subject to assessments and there are a few currently.

In regards to desirabilty, according to one of my colleagues, who works for C-21 and writes occasionally for the Half Moon Bay Review, stated in a recent thread on the TalkAbout section of HMBREVIEW.COM "Its uncertain how many new people are going to want to move into a potentially bankrupt town that faces being dissolved if they lose." His keyword is UNCERTAIN...

The bottom line is that this lawsuit has been appealed and we just have to sit back and watch and hope that CURRENT (note that part of the reason we are confronting this issue is because of poor leadership in the past) city council, property owner and the respective lawyers NEGOTIATE.

Should the city go bankrupt, as REALTORS, we will most likely have to disclose it. But, in the meantime, we are not and we will just hope for the best and hope that this certain property owner gets what he wants...the opportunity to build.

For more dialogue, go to www.HMBREVIEW.com and click on TalkAbout. You can get a taste of the dialogue amongst citizens over here.

Cheers!