A Question In The Mind Of Every Householder
A report from CTV News in Canada. “The City of Vancouver has begun rolling out empty homes declarations, asking homeowners to divulge whether their property in Vancouver is their primary residence, in preparation to start collecting the new empty homes tax. The city estimates there may be as many as 25,000 empty or under-occupied homes in Vancouver. The new tax is one per cent of the property’s assessed value. That’s $10,000 on a million dollar home. The city says the declarations will be audited to ensure owners are telling the truth. Bruce Kaufman, a California resident, is part of a group called Unfair Vancouver Tax that’s pursuing legal action with the city. Kaufman has been coming to Vancouver for the past 17 years—he usually stays from April-October.”
“Kaufman says he’ll declare his home vacant on the form, but it may soon be for sale. ‘After 17 years… we have given serious consideration to leaving Vancouver,’ he said.”
The Australian Financial Review. “Chinese buyers purchasing overseas residential property to keep vacant nearly halved over the past six months as the need for rental yield prompted more owners to lease out their homes, the latest UBS Evidence Lab survey shows. The investment bank’s latest half-yearly survey of more than 3,000 mainland Chinese consumers shows people purchasing property overseas to keep vacant fell to 14 per cent in August from 25 per cent in March even as the proportion saying they purchased an overseas home only for temporary use ticked higher.”
“‘This may reflect the yield component of return becoming more important to investors,’ said Kim Wright, UBS’s global head of real estate and a co-author of the report. Over the past six months, the proportion of buyers financing their purchases fully in cash - either through their own savings or with the help of family or friends - increased to nearly two-thirds, while the proportion borrowing from Chinese banks in China dropped. Of the third who did borrow, nearly all of them used Chinese banks for mortgages. ‘We expect those who borrow from Chinese banks from within China, they use local mainland properties as collateral,’ Ms Wright said.”
From Hawkes Bay Today in New Zealand. ” The Government’s amendment to the Overseas Investment Act, which will classify housing as ’sensitive’ will create over-supply and negatively impact prices, according to one real estate expert. Regional director of Property Brokers, Paul Whitaker said New Zealand as a whole would be affected. ‘It will be a merry-go-round; more cost to the landlords which means rent will increase, causing it to have an impact on the rental market - nobody wins. As far as prices go, we will see a flattening in the market due to their overseas policy.’”
“He said the change would ‘heavily affect Auckland’. ‘Houses will sell slowly and it will in turn mean that there will be an oversupply situation. It is a shame for people who have bought recently, as they will be most affected with losing equity.’”
From Bloomberg on the UK. “London’s housing market is being battered from all sides. A survey by the Royal Institution of Chartered Surveyors showed a price gauge at its lowest level for seven years, and far below the national average. Real-estate agents are more pessimistic about the market in the capital than any other region, with contributors flagging a potent mix of concerns. There’s also evidence that the weakness in the capital is spreading — most U.K. regions showed a drop in sales in October, while a national gauge of prices turned dropped to near zero, indicating stagnant prices.”
“‘We usually have buyers registering, keen to move before Christmas’, said Alan Fuller of Allan Fuller Estate Agents in Putney. ‘So far we are registering 80 percent less than normal during October. Vendors more receptive to price drops and some are agreeing to 10 percent reductions, which are then attracting interest.’”
“‘The sales market has dramatically changed and technically crashed across the board,’ said valuer Josh Homans. ‘In E2, the difference between asking and sale price is a staggering 20 percent.’”
From Interest.co.nz. “According to Hong Kong-based Bernstein analyst and ex-pat Kiwi Michael Parker, China’s real estate is the most important asset class in the world. In a paper co-written with fellow analyst Katrina Fu and titled: BTW Asia: A Bit of A Fixer Upper… Why Chinese real estate is the world’s most important asset class Parker and Fu say the ‘most compelling bear thesis on the Chinese economy – and the global economy’ – starts with the Chinese property market.”
“The say a mis-managed monetary tightening in China might result in a sudden decline in both Chinese property prices and construction activity. Commodity prices and demand for capital goods globally would collapse. Chinese consumer confidence would fall. Confidence in the economy overall would be undermined, triggering a re-emergence of foreign currency reserve outflows and the same fears about capital flight that we saw in 2015.”
“‘We estimate that today over half of the private wealth in China is tied up in real estate,’ the two analysts say.”
“They say a loss in the value of Chinese real estate creates a simple question in the mind of every Chinese householder about the perils of being the last individual globally holding RMB-denominated assets: ‘what am I waiting for?’”
“The analysts say Chinese property prices also drive wealth effects and with it demand for premium autos, gaming activity, luxury goods, premium spirits, air travel, leisure, hospitality, aircraft… and demand for general retail of every description. China is either the largest consumer of each of these categories globally or holds the largest growth share in each of these categories globally.”
“‘In short, every aspect of the Chinese economy – consumption, imports, capital outflows, industrial activity, commodity prices, and even social justice metrics like inequality – come back to the Chinese property market. The interdependencies may not be as strong as English noblemen buying and selling each other gilts in 17th century London. But regardless, Chinese property has become the world’s most important asset class,’ they wrote.”
The last link is long but full of Dan like gymnastics. Here’s a comment:
‘Only at the end does the analysis discuss the important point, credit creation backed by a non productive, but resource consuming, asset.’
Another comment:
‘Seriously? Chinese pile on the buying in a rising market - ignore fundamentals. Panic once it starts down. It’s the purest example of herd mentality. In TTP world, is Bitcoin also a one way bet? Property, stocks, junk bonds and Bitcoin are all out of whack with fundamentals. TTP, take the best seat in the house, sit back and watch how brutal deleveraging can be now that the QE plug has been pulled. “There is no cause to worry. The high tide of prosperity will continue.” … Sec. of Treasury, Andrew Mellon, September 1929.’
“watch how brutal deleveraging can”
When you borrow multiples of your household income and spend on a depreciating asset, you’re going to get the schlonging of a your life.
It’s always been that way.
And how many people said in 2010 “We have another 30% to go before prices stabilize”? You can find dumb quotes from people all over the place.
“There is no reason anyone would want a computer in their home.”
- Ken Olson, Digital Computer CEO/Founder in 1977
“Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.”
- Darryl Zanuck, 20th Century Fox in 1946
“So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.”
- Paul Krugman, Election Night 2016….BWA HA HA HA HA
SFMF - I appreciate your quote from Ken Olson because my dad worked for Digital Equipment Corp from the mid 1970’s until 1989 when he took early retirement.
DEC was floundering by then because they went the mainframe direction rather than personal computers.
In its heyday, DEC employed about 120,000 people and about 70,000 of the employees lived in the Boston area which is where I grew up.
And he was 100% correct……. Until prices fell to dramatically lower and more affordable levels.
See what happens when prices are grossly inflated? I’m sure you do.
That’s the perfect example. It wasn’t until two decades after he made that statement that computers started to become affordable enough that the middle class wanted to buy them.
And now, even the poor want one in their pocket.
Luckily the QE plug pulling is on indefinite delay.
“every aspect of the Chinese economy – consumption, imports, capital outflows, industrial activity, commodity prices, and even social justice metrics like inequality – come back to the Chinese property market…”
Excuse me, that’s every aspect of the Global Economy.
Natick, MA Housing Prices Crater 7% YOY
https://www.movoto.com/natick-ma/market-trends/
‘Kaufman says he’ll declare his home vacant on the form, but it may soon be for sale. ‘After 17 years… we have given serious consideration to leaving Vancouver’
Gosh Bruce, I bet they are going to be sorry to see you leave!
+25,000
‘Kaufman says he’ll declare his home vacant on the form, but it may soon be for sale. ‘After 17 years… we have given serious consideration to leaving Vancouver’
Better hurry…I guarantee you’re not the only one thinking about it.
I hope the Canadian Customs door hits his backside on the way out
ie his second declared residence is not a tax free principal residence.
Please leave Bruce. Deposit your wealth on the way out !!
Come back anytime. You and your money (especially) are always welcome.
How many native Vancouverite dreams did Kaufman help destroy whilst enjoying up massive run-up in the market, only to finally pricing himself and everyone else out of the market?
Let’s hope he returns full time to California…where he belongs.
Ok. Besides being one the biggest progressive donor/supporter, a chilling sexual predator we can add…
A terrible real estate investor.
2014-2017 - the times real estate only went up by double digits - especially for the rich and famous.
Add in property taxes, transfer taxes, real estate fees, insurance, renovation work and just plan maintenance…
He is looking at at least a $1M loss.
+++++++
Harvey Weinstein Pulls Hamptons Mansion Off The Market
MFI-Miami - October, 2017
The world of disgraced movie mogul and alleged serial rapist Harvey Weinstein continues to collapse. News of dozens of women accusing the former mogul of sexual harassment and rape has now impacted his real estate holdings. It appears no one wants to purchase his 9,000 square foot Hamptons mansion.
Harvey Weinstein and his estranged wife, Georgina Chapman listed the mansion in Amagansett for $12.4 million in July. However, Sotheby’s International Realty broker Frank Newbold says the property in Amagansett is now off the market, Town & Country reported.
Weinstein and Chapman purchased the seven-bedroom property for $11.65 million in 2014. In 2016, they put the mansion on the market for $13.5 million before lowering its price to $12.8 million in July.
Weinstein and Chapman originally listed the Amagansett home because they weren’t spending much time there. The couple opted instead to look for another home closer to New York City.
Maybe his BFFs the Clintons will buy it. She’s not doing much these days, could use a nice beach house for the summer.
I like the way the media uses the excuse of “no one wants to purchase his 9,000 square foot Hamptons mansion” because of the sexual predator allegations against Harvey.
No - it is WAY fooken overpriced.
And the market is heading lower by the day.
If Hitler once owned a nice house in Hamptons, priced correctly, it would sell.
There is some truth to people wanting to avoid “tainted” homes.
Take my wife, please! We saw this awesome house many many years ago. It was perfect, had everything we wanted, priced right.
But……turns out someone had been killed in that house. Our state at the time had (probably still has) a law that certain crimes have to be disclosed when a home is for sale. Once my wife found out, didn’t want anything to do with it. I even told her we can use this and offer way less, we can make out like bandits. Nope. Didn’t happen. That house could literally have been free for the taking and my wife wouldn’t have wanted it.
If Hitler once owned a nice house in Hamptons, priced correctly, it would sell.
Not immediately after WWII–and certainly not if it were priced like another home without the stigma.
Hamptons are all about image…and Weinstein is a pariah. It wouldn’t be hard to imagine someone viewing the buyer as “bailing out” Weinstein.
I’m not saying that the home is priced appropriately. I’m just saying that it’s highly likely that many buyers who care about image (ie. people who buy mansions in the Hamptons) would avoid buying it today even if it WAS appropriately priced.
Accordingly, the appropriate price for Weinstein’s house is probably less than a comparable property.
And it’s not like his realtor would have to disclose the crimes committed there…
QE unwind now fully underway.
Market down big today.
And overnight, foreign markets very jittery.
Is this the top?
Might be prudent to take some things off the table…
De-risked my IRA yesterday (sold everything and repositioned into higher dividend paying stocks, and companies that have already been beaten up).
“companies that have already been beaten up…”
Sounds like a stigma. Falling in a rising market. Insurance against a falling market…
About half what I invested in are either well off their 52-week high, or just off their 52-week low. One reacts positively to higher interest rates, but all pay a dividend…blended average of 5.8%.
I’m not foolish enough to say that the portfolio is bear market proof, but if we get into a bear market, the 6% should cushion the blow a bit–especially if others move to income for protection.
I feel like my biggest two rolls of the dice (that don’t fit the categories above) are GE (I think it’s likely that they cut their dividend) and MSFT (they have gone up A LOT and don’t pay a lot of a dividend…bringing down my average, but I think their new CEO is doing a great job).
I did buy some AT&T….if anything, Google’s failure with Google Fiber emphasizes how hard it is to compete against the incumbents. And they pay a 5.75% dividend (which they increase pretty much every year). And we aren’t using less data.
Good for AT&T. I am a Bell brat. Oddly, their bastard child has started announcing my Ex of 15 years on the caller IDs of my friends. Spooky.
Good for AT&T. I am a Bell brat. Oddly, their bastard child has started announcing my Ex of 15 years on the caller IDs of my friends. Spooky.
I bet it’s spoofing. I have lately received some phone calls from…myself.
Good for AT&T. I am a Bell brat.
Did your folks work at the Labs, Blue?
Catching a falling 🔪
rumor has it some Saudis are working on de-risking.
“The City of Vancouver has begun rolling out empty homes declarations, asking homeowners to divulge whether their property in Vancouver is their primary residence, in preparation to start collecting the new empty homes tax”
Absolutely nothing creepy about the govt asking someone how long they spend in their home…..
How do you say “I live here long time. All year. No problems.” in Mandarin?
Heh.
So how soon before govt employees start stalking people’s homes to determine who lives where and for how long?
Again, nothing whatsoever creepy about this. It’s for the children, I think, so it’s all good man.
Easy enough to run the databases of utilities to check on usage and to narrow down the list of suspect houses.
Then if it’s so easy why have the form? Answer is it’s not that easy. And given it’s the govt, it’s 10X more complex and expensive. Given that it’s Canada, all utilities are probably city run. But in the US a city would have to contract with private utility companies to do this and I have a feeling those utility companies might have an objection or two to their data being accessed by a govt entity for some BS purpose. And I think most courts would agree with the utilities.
While that would be easy, youre talking about .gov employees. Aint no way theyre capable, but if they smell $$ they’ll pay a contractor to do it - probably spending more on that effort than what they’ll recover in funds.
Maybe they can hire the geniuses that put together the ozerocare websites for the various states.
Checking utility bills not foolproof. I know many snowbirds here in Palm Springs CA that keep their homes at 78-80 all summer long to protect the art work. A $1,000 a month utility bill must seem like chump change to them.
So it would appear as if they had occupied the home 12 months of the year. I expect the reverse phenomenon takes place in Vancouver, especially since the cost of running the utilities is so much lower there.
If they have smart meters like we do, maybe you could flag bills where the usage is too smooth.
Best way is water use. It’s done all the time.
Exactly. These days with smart home tech, you can automate almost anything and make it look like someone is there.
It’s harder to fake water usage.
The post office also collects data about homes that have stopped collecting their mail. Unfortunately, they don’t give out that information except to non-profits (at least last time I asked).
Friggin’ ridiculous if you ask me. A government sponsored entity that refuses to provide such information to the public.
It’s harder to fake water usage.
If I lived in one of these places I’d start a business offering to go to people’s homes every couple of days and do stuff to make them seem lived in.
You can fake anything https://www.theatlantic.com/health/archive/2017/11/paying-for-fake-friends-and-family/545060/
People will find a way around this.
It’s harder to fake water usage.
You can run lawn sprinklers. Of course those probably don’t exist in rainy Vancouver.
Why would you want to waste tax dollars paying government workers to monitor vacancy, when you could pay private sector military defense contractors ten times the amount to develop robotic microtones to do the work more stealthily and efficiently?
Microdrones
I hope you are being facetious…
Well, since the mail carriers already visit every house with an address every day, and eventually, to be more efficient, they stop trying to cram more junk mail into a mailbox that doesn’t get emptied, it makes sense for them to keep a list of such houses that mail carriers should NOT visit.
The data has already been collected in the ordinary course of business.
DR Horton’s stock is waaaaaay up in the past few months. Close to a 30%. Their forecast for 2018 is bullish, which is part of the performance.
If the great crash is starting - as many here seem to believe - this would make a very nice short.
Not if the trend of Millennials becoming buyers continues to emerge. DR Horton caters to lower priced homes.
MID reduction would be a wind at the back of DR Horton (fewer move-up buyers selling cheap homes…more millennials in the market for such homes).
Public builders now dominate housing markets.
If you wanted to short a homebuilder, I’d pick one other than Horton.
Toll Brothers seems to be positioned much, much worse. I just don’t know if they are a good short at today’s stock price.
I was going to say exactly this. DR Horton is one of the more affordable builders in our metro area. It’s maybe the only home builder that is still focusing on building housing that is within reach. I would expect the luxury builders, like Toll Brothers, to be hurt more by the MID cap at $500k. However, it looks like the senate version of the tax plan will not touch the mortgage interest deduction. The senate version is the only one that really matters in the end.
God forbid anyone who owns property in DC/NoVa gets hurt by a reduction in the MID.
what about campers 5th wheel……..
2017 Sprinter 5th Wheel 347FWLFT w/ Loft 2nd Bedroom LIQUIDATION
https://www.facebook.com/groups/517307528331981/permalink/1706300272766028/
can somebody help me pack and move?
The spendthrift has plenty of friends until he hits his credit limit.
“can somebody help me pack and move?”
That’s like going all the way.
https://www.youtube.com/watch?v=0siRMEEY8rc
other bubble signs?
In my world a company just introduced a high priced item-way late
Go Pro?
People have noted that a new skyscraper that breaks the record for height usually is an indicator of recession. I think it’s kind of inevitable because new ones will tend to continue to be built until the recession finally occurs.
But my indicator is mid-engined Corvettes. Every time it looks like GM really is going to do it this time a recession comes along and it gets cancelled at the last moment. We’re getting very close again. If it holds out much longer we may actually be able to buy one this time.
Blue Apron?
Aurora, CO 80012 Housing Prices Crater 11% YOY
https://www.zillow.com/aurora-co-80012/home-values/
*Select price from dropdown menu under first chart
Realtors are liars.
… and every closing a crime scene.
SHOCKER!!! Driverless car has accident on its first day.
http://www.zerohedge.com/news/2017-11-09/las-vegass-new-self-driving-shuttle-involved-accident-its-first-day
“As the Verge notes, within an hour of starting its new expanded operation today, following a two-week pilot test back in January, the shuttle hit the front end of a large delivery truck as the human driver pulled out into the street from a loading bay. Luckily, all eight people aboard the shuttle were wearing their seatbelts.”
Eight idiots aboard the shuttle, willing to be the guinea pigs for an unstable, unproven tech application. Driverless cars! Given that the state of technology is piss-poor to being with, riddled as it is with glitches, outages, security vulnerablities, etc., why would anyone get into a driverless car in the first place?
Two things that ain’t gonna happen with any success anytime in the near future: driverless cars and, my favorite, AI! I’ve got a buddy who is all concerned about AI. Gimme a break. Experian can’t even keep a secure website, proving there’s a shortage of actual intelligence to begin with and he’s worried about AI?
I’m picturing you with a shotgun blowing drones out of the sky.
Oh, man, DO NOT get me started, but you did, so….
Just with drones alone, mankind had proven it is not advanced enough to have the technology. Don’t get me wrong, drones have some positive applications such as aerial photography and, uh, oh, right, Amazon will be dropping packages from the sky!
Otherwise, what are drones used for? Spying and bombing. And they can knock planes out of the sky. That’s just great. What a wonderful use of technology. The “eye in the sky” of dysfunctional society science fiction, except here it is for real, the stuff of nightmares.
I’ll go you one better. Texting while driving, a fairly widespread practice, it would seem. If people can’t refrain from doing that, they don’t even deserve to own a personal device.
the shuttle hit the front end of a large delivery truck as the human driver pulled out into the street from a loading bay
——————–
THIS IS WRONG the truck backed up into the shuttle and the shuttle is not programmed to back up to avoid the collision like you or I would there was 20 feet of empty space to back up in ..there is no back up cameras.
No, the CPU was texting while driving.
A long time ago I bought a 1 ton pickup from a guy at work who needed a couple hundred cash real bad. He had driven it into something and the front end looked like “jaws”. I found that people were eager to yield to me at intersections. You get used to that.
I think the AI sissymobile would be like a bug on the windshield.
Blue sky that is kind of what I was thinking.
Will the programming on the Dodge charger will be much more aggressive than the Prius and will the Prius “wimp” out on all near interactions with the Charger.
Don’t think it won’t happen people will try and game the programming to give their car the edge.
I used to play hockey and I learned to drive in North Jersey. I’m well versed in the fake and check.
Don’t think it won’t happen people will try and game the programming to give their car the edge.
I don’t know about changing your programming if you also let your car do the driving. But I do expect carbon based drivers to take advantage of silicon based driver’s programming.
In traffic jams most of us try to be a little polite in order to avoid a fistfight or shooting with the other guy. When it’s just me versus a driverless car do you really think I’m going to yield to them? Especially if it’s empty and on it’s way to a pickup or a parking spot? Of course the software control will be programmed to give way every time if things get too close.
Just wait until driverless cars start killing significant numbers of innocent victims, and there is no individual who is culpable, as the carmakers will have attorneys ready to fight charges of responsibility, plus insurance to cover failure by the attorneys to get the company off the hook. Fun times ahead!
Big doings today. FBI Supervisor Walks Into A Bar, Meets A Stripper, Wakes Up With No Gun, No Rolex, No Dignity…
Yeah, these are the folks who are in charge of..of…what? Oh, right, one of their former bosses is “investigating” non-existent Russia-
Trump collusion. Another one was fired in disgrace for leaking stuff and shielding Clinton from the consequences of her crimes. Go, FBI!
What a joke. All of it phony. Wall Street, MSM, Alphabet Agencies, Hollywood, you name it , it’s all BS.
But I’m not bitter, this tops any bread and circus Rome could have come up with.
Give that stripper the Medal of Freedom! She certainly earned it. The old fashioned way!
The FBI geniuses also said the NYC terrorist attack was NOT terrorism, 13 seconds after it happened. And then it turns out to be….err…terrorism.
Top Men. Top Men indeed.
And speaking of incompetent law enforcement….looks like the Las Vegas shooting has officially gone down the memory hole, never to be heard of again. Which means the FBI must have found something un-PC that cannot and shall not ever be released to the public.
They’re up to 37 sealed indictments in DC. All of them sequential numerically. No way this is Mueller.
Personally I think the FBI is just paralyzed more than anything else. That’s what happens when you play both ends against the middle.
Were they every really a “law enforcement” agency? Pfft. More like an entrapment squad.
BTW, the top three floors of the Mandalay are supposedly owned by that Waleed guy who just got arrested and his assets frozen in Saudi.
Bill Gates and Al-Waleed own the Four Seasons. The top floors of the Mandalay is a Four Seasons.
Thanks for clarifying. I guess Gates will be dining solo for a while.
I wonder if there will be some sort of 9/11 settlement out of those frozen assets for the families that pursued the Saudis in court?
Also a breaking of the CIA-Saudi partnership.
Interesting times ahead.
Fib 35,000 politicops
How does an FBI supervisor afford a Rolex?
Probably a gift from a grateful perp who was shown the way out.
Senate Bill is out….looks better than House bill.
Biggest win for me is the child tax credit’s phase out would be $500K instead of the ridiculous $110K today. So for quasi-evil rich people like me, I get a $3300 tax credit for my 2 kids. I knew they’d pay off eventually
Also keeps the MID at $1M and eliminates all SALT, which is music to my years as someone who lives in a low tax state.
Never thought I’d say this, but Mitch and the Boyz did OK on this one.
Happy Trumpversary!
https://www.youtube.com/watch?v=BKSkBsnfkFA
A sad day for Greenwich, my friend. It has fallen to the enemy:
https://www.christopherfountain.com/blog/2017/11/9/geeze-i-leave-you-guys-on-you-own-for-a-couple-of-days-and-you-blow-it
“Seems as though the Move On crowd emerged from their tunnels and took over the town. Too bad, but at least you can document this election as the final turning point of Greenwich’s decline.”
To be completely honest, it couldn’t happen to a nicer town. I did most of my growing up in Westchester and hated it when the parents uprooted us to Greenwich. I got used to it and even had some good times there, but let’s face it, a lot of the peeps were kinda creepy, so I got outta dodge and headed south. Oh, well.
I figured the proposed MID cap was just a Kabuki dance to entertain the sheople. It’s the REIC that helps pay for Congress critter campaigns, not ordinary sheople.
Hillsboro Beach, FL Housing Prices Crater 18% YOY
https://www.movoto.com/hillsboro-beach-fl/market-trends/
“Damn it feel good to see people up on it”
Rahzel — All I Know (1999):
https://www.youtube.com/watch?v=JPy48X97X4E
Slim Harpo
Baby, Scratch My Back
https://www.youtube.com/watch?v=ezJY_qqz_x8
Astrud Gilberto With Stan Getz - Girl From Ipanema (1964)
https://www.youtube.com/watch?v=_1uEy-n4IsU
Booker T. And The M.G.’s - Green Onions
https://www.youtube.com/watch?v=gjgjoSsOvi4
Notice the audience was hardly moved.
Donk Craterton And The Stampedes- Lost All My Money (2011)
https://youtu.be/JzJmdoXnqR0
Blues Brothers - Green Onions
1,745,782 views
https://www.youtube.com/watch?v=IEtye06WQwo
https://www.youtube.com/watch?v=hZ1Qo-cHK-0
All right people. The rest of the hard working all star Blues Brothers are
gonna be out here in a minute, including my little brother Jake. But
right now, I`d like to talk a little bit about this tune you`re hearing.
This is ofcourse the Green Onions tune. It was a very big hit in the
early sixties in this country. And ofcourse it was composed and
recorded in Memphis, Tennessee, right here in the United States Of
America. You know, people, I believe that this tune can be
acquinted with the great classical music around the world. Now you
go to Germany, you`ve got your Bach, your Beethoven, your
Brahms… Here in America you`ve got your Fred McDowell, your
Irving Berlin, your Glenn Miller, and your Booker T & The MG`s,
people. Another example of the great contributions in music and
culture that this country has made around the world. And as you
look around the world today, you see this country spurned. You see
backs turned on this country. Well people, I`m gonna tell you
something, this continent, North America, is the stronghold! This is
where we`re gonna make our stand in this decade! Yeah, people,
I`ve got something to say to the State Department. I say Take that
archaic Monroe Doctrine, and that Marshall Plan that says we`re
supposed to police force the world, and throw `em out! Let`s stay
home for the next ten years people! Right here in North America
and enjoy the music and culture that is ours. Yeah, I got one more
thing to say. I`m just talking about the music, people, and what it
does to me. And that is, as you look around the world, you go to the
Soviet Union or Great Britain or France, you name it, any country…
Everybody is doing flips and twists just to get into a genuine pair of
American blue jeans! And to hear this music and we got it all here
in America, the land of the Chrysler 440 cubic inch engine!
“Yeah, people,
I`ve got something to say to the State Department. I say Take that
archaic Monroe Doctrine, and that Marshall Plan that says we`re
supposed to police force the world, and throw `em out! Let`s stay
home for the next ten years people! Right here in North America
and enjoy the music and culture that is ours.”
TESTIFY!
NSW….. for adults only with lyrics
https://www.hiphopdugout.com/videos/bishop-bullwinkle-some-preachers-ain-t-shit
“the Chrysler 440…”
yeah. Well I got me the 318s, two of them, and a spare in the shed. Marine. They’ve had a tune up or two and an overhaul here and there but they are still the greatest.
The audience was moved. It’s just that we were expected to act with reservation, most of us were never stoned, and they knew they were on camera. They did go a little Pentecostal at the end.
Real bluezzzzz
https://www.youtube.com/watch?v=2s2XDRdm7v8
“Last Two Dollars” - Johnnie Taylor Live!!!!!
“The City of Vancouver has begun rolling out empty homes declarations, asking homeowners to divulge whether their property in Vancouver is their primary residence, in preparation to start collecting the new empty homes tax. The city estimates there may be as many as 25,000 empty or under-occupied homes in Vancouver. The new tax is one per cent of the property’s assessed value. That’s $10,000 on a million dollar home.”
Imagine the revenues that could be generated from similarly taxing 25,000,000 vacant homes in the U.S. With an average tax of $10,000 per home, that would generate an initial $250 billion windfall. And before long, homes that have been held vacant and off the market for speculation would return to the purchase market and become owner occupied once more by working people who just want a place to live. This would serve to alleviate the chronic U.S. housing inventory shortage plus make more affordable housing available to would-be owner occupants who are currently priced out forever.
Where is the downside?
Sounds like a great idea for California to try. How soon can we get started?
I’m with you professor on this. This is a good idea.
Tourists came to San Diego for Metallica, left with hepatitis A
https://www.msn.com/en-us/news/us/tourists-came-to-san-diego-for-metallica-left-with-hepatitis-a/ar-BBEMtIS?li=BBnbcA1
“Great News. California Makes It Almost Legal To Knowingly Give Others HIV/AIDS”
https://www.redstate.com/streiff/2017/10/08/great-news.-california-makes-legal-knowingly-give-others-hivaids/
Rampant poverty, deadly diseases at epidemic levels. Yep….. Everyone wants to live there.
“The San Diego outbreak has killed 20 people and more than 370 have required hospitalization. As of Tuesday, the county has tallied 544 people infected, and new cases continue to crop up. It’s one of the worst outbreaks the nation has seen in decades.”
Metallica Lyrics
“Enter Sandman”
We’re off to never never land
https://www.azlyrics.com/lyrics/metallica/entersandman.html
Is 12% tax rate enough to get even 50% of the overseas $ back to the U.S.?
Better to go w 10%
Use a carrot and stick approach. Bring it back now at 12%, or pay more later. Similar to when the US gave tax cheats in Switzerland immunity if they came clean sooner rather than later.
I like that idea. 10% in 2018, going up by x% every year until there is no longer a benefit.
Exactly.
A couple leaves corporate world to flip houses
By Kaitlyn Krasselt Published 6:38 pm, Thursday, November 9, 2017
The house is the latest project of Leslie and Jay Vincent, Norwalk-based house-flippers who’ve made a career out of buying foreclosed homes in Fairfield County, renovating and re-listing them.
“It’s really satisfying,” Jay Vincent said. “We’re creating value for the towns and doing something we love.”
The couple is now well into their 20th flip — the Chelene Road house — but it’s their first in Norwalk and by far the most involved project to date. Their previous flips have been in Trumbull, Bridgeport and Stratford.
They’ve redone plumbing, electrical, heat and A/C. The interior has been gutted and Leslie’s vision is starting to come to life. They’re working on a four to five month timeline, and hope to list the property early in 2018. It’s like the 1,600 square foot home, which sits on 0.2 acres in the neighborhood behind City Hall, will likely list upwards of $400,000.
http://www.thehour.com/realestate/article/A-couple-leaves-corporate-world-to-flip-houses-12345957.php
“We’re creating value”
Get that tiny shack closed up and sold before the basement floods again.
i grew up in south norwalk Garage under house not high enough for an SUV would be a negative selling point
https://www.realtor.com/realestateandhomes-detail/4-Chelene-Rd_Norwalk_CT_06851_M33790-82043