AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREChargers go winless in AFC West with season-ending loss in Kansas CityI arrived 15 minutes later. Deputies with guns drawn were holding the north end of a half-mile perimeter in the heart of a densely populated neighborhood. I stood behind a car and watched things for a bit. I see guns as tools of destruction. I know I’m not alone. I knew a homicide detective who kept his piece in a paper bag in his desk drawer in the old Hall of Justice. Don’t get me wrong. I own a nice (completely dismantled) bolt-action rifle. Wednesday morning there was a report from Rosemead of “shots fired, possible officer down” crackling over the newsroom scanner. The sound of the radio traffic reminded me of the 1997 North Hollywood bank robbery that turned into a shootout between the LAPD and a pair of armed robbers and culminated in a bloody mess. The North Hollywood incident ended with 16 cops and civilians wounded in a firefight. When it was over, gunmen Emil Matasareanu, 30, of Altadena and Larry Phillips, 26, of Rowland Heights were dead. In the heat of the moment Wednesday I grabbed my press credentials and rushed out of the newsroom to where the action was. I’ve fired .22s, .38s, .45s, 9s, .357s and .44 Magnums (“the most powerful handgun in the world,” as “Dirty Harry” Callahan once said). I’ve taken turns with .410-gauge bird shotguns and powerful pump-action 12-gauge riot guns. I’ve shot at watermelons, tin cans, paper targets and (I’m ashamed to admit) a bird or two and a couple of road signs in my youth. But it amazed me to see how few residents of Rosemead shared my fear of well-aimed pistols and shotguns that were clearly in a safety-off position. Women with umbrellas to shield them from the sun thought nothing about approaching gun-pointing deputies from down-range. Men on bicycles rolled across the street, seemingly unaware that they were in a pretty dangerous place. I’ve watched a lot of Westerns in my day. I always thought civilians took cover in the nearest saloon they could find. Not in Rosemead. Not Wednesday. Reporter Jennifer McLain described the situation: “As time dragged on and deputies stood with guns in their hands, mothers walked by with strollers, neighbors stopped to ask questions and vehicles drove past.” Fortunately cops know the danger oblivious bystanders pose to themselves in these situations. “You try to get everybody out of the kill zone,” Los Angeles County sheriff’s Sgt. Tony Osterman said. “You want to keep them from becoming victims or hostages.” What started in a panic though, ended with a giggle. The “gunfire” a couple of deputies believed they encountered at Zapopan Park was nothing more than an exploding Bic cigarette lighter. No one was hurt. Although they could have been. Either stupidly or otherwise. I know. I’ve seen videos of exploding lighters on YouTube. firstname.lastname@example.org (626) 962-8811 Ext. 2717 www.insidesocal.com/sgvcrime 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
Residential real estate in California may be overvalued by as much as 26 percent but the anticipated market correction won’t bring a sharp price decline, according to a research report released on Tuesday. It’s more evidence that a cooling rather than a meltdown is in store for the state’s hot residential real estate market. The analysis, from Orange-based Advanced Data Mining & Research Inc., concludes homes are overvalued by as much as 16 percent in Southern California and by as much as 27 percent in the Bay Area. And at about 28 percent, the Inland Empire ranks as one of the most overvalued areas in the state. The research firm, which specializes in property valuation methods and analysis, says that this is not surprising because prices in Riverside and San Bernardino counties have been increasing by about 16 percent a year since 2000. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGift Box shows no rust in San Antonio Stakes win at Santa Anita Nima Nattagh, a principal at ADMARI, said that an overvalued market does not necessarily foreshadow trouble. “We’re not saying that the values are going to come down or that a major correction of the market is in the offing,” he said. And Nattagh said it is hard to apply the term “bubble” to the rapid price appreciation of the past several years. That’s because a house is not an easily tradable commodity and that tends to ensure that any price decline will be gradual. And Nattagh believes that at this time next year prices will be higher than they are now. He just doesn’t know by how much but expects the increase to outpace the rate of inflation. And he notes that prices in California did fall in the early part of the 1990s and many of the same market conditions are in place. The big difference now is that the state, especially Southern California, is not facing huge job losses and the overall economy is much more diversified. Robert Kleinhenz, deputy chief economist at the California Association of Realtors, said that there has been concern for several years that the housing market is overvalued. “We’ve heard for four years that there is a bubble and it’s going to burst. Now some of those bubblists are saying it’s not going to burst, it’s just going to deflate.” Late last month the Los Angeles-based association said that both sales and price records would fall when the 2005 numbers are tallied. And while sales are predicted to retreat from this year’s record level they won’t fall far while resale housing prices should rise about 10 percent, Kleinhenz said. Gregory J. Wilcox, (818) 713-3743 email@example.com 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!