Something Has To Give
A report from Mortgage News Daily. “Housing activity in the third quarter of 2017 is described as ‘continuing its rough patch’ in Fannie Mae’s latest edition of Economic Developments. The company’s economists say that activity pulled back across the board during the quarter. Leading indicators suggest that the rough patch demonstrated by third quarter numbers may be spilling into the fourth. Pending home sales, which are generally expected to predict sales of existing homes one or two months hence, were flat in September at the lowest level since January 2016. Contract signings have declined on an annual basis in five of the past six months. In addition, average monthly purchase mortgage applications fell in October for the third time in four months.”
“They warn the census report indicates the rental market may be softening. The vacancy rate for all rental housing types rose on an annual basis for the second consecutive quarter to its highest reading in more than three years, 7.5 percent. This is partially because the supply of apartment units, especially in large metro areas and at the high end of the price scale, has increased.”
From Multi-Family Biz. “This week marks the release of the November Housing Tides Report, featuring an update to the Housing Tides Index. As we noted in June, the number of apartments under construction reached a forty-year high this summer and rental rates have been affected by the stream of completed units coming to market; the national median price for a two-bedroom unit fell year-over-year in each of the last eight months. Median monthly rents for these units have fallen by over $200 since mid-2014, from $1,750 in June 2014 to $1,545 in September 2017. Remarkably, these rent decreases have taken place at a time when much of the new multi-family construction in the U.S. has been in the high-cost luxury category.”
“Multi-family housing permits have totaled 292.9k through the first nine months of 2017, marginally higher than the same period in 2016, so we can expect the trend of moderating rent prices to continue in the short term.”
From National Real Estate Investor. “Private equity and institutional investors from the U.S. and around the world have been stepping up their pursuit of seniors housing assets, seizing an opportunity to capitalize on a pullback in acquisitions by seniors housing REITs. But REITs could encounter oversaturation of AL facilities in some markets and should strike a more even balance between AL and IL, notes seniors housing consultant Andrew Carle.”
“‘Assisted living, particularly at the very expensive high end, has been overbuilt,’ says Dr. David Friend, a physician who serves as managing director of the Center for Healthcare Excellence & Innovation at professional services firm BDO. ‘At the low price point, there’s probably a great deficiency of product, but it’s not clear any investor wants to build that product, because I’m not sure they think they can get a return.’”
The Nevada Independent. “Fernley boasts a median home price that, while up 27 percent from a year ago, still remains more than $100,000 less than what it is farther west. The Reno-Sparks Association of Realtors reported in October a median home price of $348,500 for the greater Reno area, which includes Sparks, compared with a $241,500 median price in Fernley. Mike Kazmierski, president and CEO of EDAWN, has been sounding an alarm about the region’s housing problem for more than two years. In February 2017, he submitted a piece with a more dramatic headline: ‘Reno’s housing sky is falling.’”
“‘The first thing we must do is understand that THIS IS NOT A BUBBLE!’ he wrote, noting that 20,000 jobs had been added but only 4,000 new housing units. Browse websites which feature homes for sale, and you’ll be hard-pressed to find many Reno-area listings under $300,000. Those that do fall in the $200,000 range or lower are usually older and smaller, two-bedroom houses or condominiums. ‘We don’t need any more $600,000 houses,’ Kazmierski said. ‘That’s the problem.’”
“On Friday, a bit of good news arrived in Reno Mayor Hillary Schieve’s email inbox: Construction activity had bumped up the rental vacancy rate to above 2 percent, which could curb rent increases if the trend continues. The city recently added 112 rental units and has another 3,000 units in the construction pipeline.”
The Union Tribune in California. “The 10-year, post-recession building recovery is heading for a pause and possible pullback, lending and investment experts predicted. The panel told a local Urban Land Institute forum that next year may see a slowdown in lending commitments for apartments, offices, industrial and retail projects. The profit margin has narrowed between costs and sale prices to make some deals viable, said panel moderator Connie Emmitt-Stern. ‘Something has to give on the land (price) side and that hasn’t changed yet,’she said.”
The Orange County Register in California. “Southern California — and the nation as a whole — is experiencing the biggest apartment construction boom in a quarter century. In the last 34 months alone, new apartments have been springing up from San Clemente to Sylmar, from Murrieta to Marina del Rey. More than 37,000 new apartments have been built in the region since the start of 2015, data from commercial real estate tracker CoStar show. More than 36,000 more are under construction.”
“And it’s happening across the country. U.S. developers are on track this year to complete at least 350,000 new apartments, the most since the late 1980s, according to rental data firm RealPage Inc. So, after seven years of galloping rents and low vacancies, are tenants finally going to get a break? Is there an apartment glut that will trigger a round of rent cuts?”
“In a word, experts say, no. If anything, developers still aren’t building enough. There might be some saturation in a few areas, like in downtown Los Angeles, where rent hikes have slowed. And because most of all this new construction is for luxury apartments, there’s very little that’s affordable to middle- and low-income workers. ‘We do see that the pace of rent growth is starting to slow,’ said Greg Willett, RealPage chief economist.”
“The 700-unit Eighth & Grand apartments cover almost an entire city block in downtown Los Angeles, with two-bedroom rents as high as $4,100 a month. It’s one of 42 complexes built or under construction in the 5 square miles that make up downtown Los Angeles. In all, 12,000 new units have been built or are under construction there.”
The Dallas Morning News in Texas. “Dallas-Fort Worth leads the country in new apartments opening their doors this year. More than 30,000 apartments are scheduled to open in the area through the end of the year, John Sebree with brokerage firm Marcus & Millichap. Along with D-FW, Houston, New York City and Atlanta will see the most new apartments this year. ‘Fifty percent of the total number of units being delivered in 2017 are in just 10 markets,’ Sebree said.”
“D-FW has almost 48,000 apartments under construction, down from a recent peak of almost 53,000 new units in the development pipeline. And, rent increases are slowing. ‘We are seeing a little bit of slowdown in performance relative to where we were in the past couple of years,’ said Greg Willett, chief economist with Richardson-based RealPage. ‘There is some slowing down from what had really been record levels.’”
The New York Times. “Logic, or perhaps a pleasant knowledge deficit about the mechanics of New York real estate, would tell us that to fill the vacant spaces, the remaining apartments should simply be offered to people making a lot less money. The way that these public-private partnerships are structured and underwritten, however, the revenue from more expensive units helps offset the rents of those apartments intended for lower-income tenants (some one-bedroom apartments at 535 Carlton, for example, cost as little as $589 a month). Developers can’t just lower the rents to accommodate demand and keep the projects financially viable.”
“In Brooklyn an overload of luxury rentals already exists downtown. As Adem Bunkeddeko, who is running for Congress in Brooklyn on a housing platform, put it, there is a glut of apartments for people making $80,000. As a member of Community Board 8’s housing committee, he has listened to people bemoan the structuring of 535 Carlton. ‘The main gripe is ‘this is absurd; who is this affordable for?’ he said. ‘Even the folks who came in as the first wave of gentrifiers can’t swing it.’”
‘In Manhattan’s weakening rental market, no-frills apartment buildings were an oasis for landlords — the one segment where rates were still going up as the properties attracted bargain-hunting tenants. That streak’s now over.’
‘The median rent in buildings without doormen fell 1.9 percent in October from a year earlier to $2,840. It was the first decline for the category in 20 months, and the biggest since February 2014, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.’
‘In buildings with doormen, the trend reversed. Rents at those properties climbed 1.3 percent, the biggest increase in more than a year and a half, to a median of $3,900.’
‘It’s not that tenants were more willing to pay up for pools and yoga rooms. But landlord concessions at some of these fancier buildings — such as rent-free months and complimentary access to gyms — have made the properties a compelling, if slightly costlier, option.’
“A lot of these doormen buildings have a lot of vacancies and they are offering quite a bit of incentives,” said Hal Gavzie, who oversees leasing for Douglas Elliman. “Rental customers are looking for the best deal they can get.”
‘At buildings with doormen, concessions were offered on 35 percent of all new leases signed in October, the second-highest share this year, according to Jonathan Miller, president of Miller Samuel. At non-doorman properties, 20 percent of deals included incentives.’
It seems like the number of comments on the HBB have been increasing lately. Is reader traffic up? Is this a leading indicator of a bubble bust? It would be interesting to see the trend over the last 365 days!
‘The vacancy rate of rental apartments in Manhattan was near its highest level of the year in October, according to a report from Douglas Elliman Real Estate. Landlords have amped up the concessions they offer prospective tenants, such as a month of free rent.’
‘However, tenants are becoming more wary of these freebies, especially when they wouldn’t be able to afford apartments without them. What’s really needed is cheaper face rents, said Jonathan Miller, author of the report.’
‘Landlords would need to reduce their face rents (without concessions) to satisfy more prospective tenants, Miller said. That’s already happening in Brooklyn and Queens, he added, where the so-called median net effective rent, which factors in freebies, fell on an annual basis in October.’
‘Incentives may not reduce anytime soon, meaning that the market may ultimately be shaped by how enticing renters find them. “The higher the share of new developments as a percentage of the market, the higher the share of concessions that the landlords are required to offer to keep the vacancy rate from rising,” Miller said.’
‘Concessions surged last month in Queens and were offered in 87% of all new developments, Miller said.’
Another company has just closed down on what has become a troubled block in San Jose. TechShop is going out of business, closing its headquarters on South Second Street as well as its 10 locations.’
“In spite of many months of effort to restructure the company’s debt and raise new capital to fund our recently announced strategic pivot, we have depleted our funds,” TechShop states on its website.’
‘TechShop, which rents workshop space and tools for entrepreneurs, abruptly locked its doors on Tuesday and went bankrupt just months after making South Second Street its headquarters. It occupied the same space as a failed Zanotto’s Market, which closed its doors at the location several years ago, even though the chain thrives in other parts of the city. Ironically, both businesses received economic incentives from San Jose.’
‘But walk up and down on either side, and it’s one empty storefront after another. It’s a hard luck street in the heart of the city. Two nightclubs on the block recently closed as well. What is it about South Second Street between Santa Clara and San Fernando that causes businesses to die?’
‘Tattoo artist Abraham Ortega opened the Blacksuit Tattoo parlor last year. “It’s very desolate here. It’s empty,” Ortega said. “I don’t know what’s going on, why there are no businesses here. There haven’t been businesses here for years.”
Location, location, location! A bad location is the kiss of death if you are a business that depends upon walk-in traffic.
It may be OK if you own the building outright and live upstairs, but if you’re paying rent to a greedy landlord, good luck!
Bbbbut bbbbbut millenial hipsters hanging out in cool downtown lofts writing code is the wave of the future. Isn’t it?
I suspect that most hipsters wouldn’t recognize a snippet of JavaScript if it hit them in the face.
Don’t those hipsters all work at WeWork Cos now?
Heh heh! As an official old person now, I get no end of amusement out of these so-called ‘maker spaces.’ When I was growing up, we called it ’shop class.’ My junior high school shop class had wood, metal, plastic, leather, and so on. I learned to weld in 7th grade and bought my own oxy-acetylene set complete with owner tanks in 9th grade (still have it, but don’t use it for much now that I have a MIG setup).
Now don’t get me wrong, some of the new technology (like 3D printing of plastics AND metal) is beyond amazing. But having old-school skills like knowing how to fabricate, how to drill holes, how to machine various materials - that’s extremely useful and so few people seem to know these skills any longer.
Forward!
I get no end of amusement out of these so-called ‘maker spaces.’ When I was growing up, we called it ’shop class.’
“Shop class” was off limits to me as a student on the college prep track. I had to settle for helping my dad build our house. Invaluable experience that has saved me a lot of money over the years. In college the local high school opened their auto shop for night classes for the general public, great fun tweaking the V-8 engine they had on a stand to demonstrate various adjustments to things like carbs, distributors, other items not used any more. Knowledge I got there saved me a few years later when the accelerator of my ‘64 Plymouth Valiant suddenly locked into the “wide open” position, and again years later when an insect intermittently blocked the primary main jet of the carb on my Datsun pickup one very dark night on I-91. I temporarily got off the interstate by pounding on the air cleaner cover with my fist.
In my 50s I finally bought my first angle grinder - don’t know how I managed without one for so long. Now I have 4. Got my first welding instruction free at a local maker space just a few years ago.
‘Developers are hoping potential residents will grin through the DTLA grit as 30,000 new units come online in the next five years.’
‘Now comes the hard part. In about five years, when all current and proposed development projects are complete, 30,000 condo and apartment units will be added to the market — the vast majority categorized as luxury — according to a recent report by Downtown Center Business Improvement District. At the Urban Land Institute summit, concern over an impending supply glut was topic A.’
“L.A. is still very much a single-family community, so we have to tell two stories,” says the Agency’s Michael Leipart, who is heading sales for Metropolis. With rival offerings at places like the Ten Thousand tower in Century City and CIM Group’s 8500 Sunset development near completion on the Sunset Strip, Leipart says selling people on the condo lifestyle isn’t enough; you have to convince buyers that DTLA has shed some of its famed grittiness.’
‘Currently, the market is solid, with the average price per square foot for a downtown condo at $754 and the median sales price at $840,000 — a year-over-year increase of 11 percent and 10 percent, respectively, according to Douglas Elliman. But so far, entertainment industry executives don’t appear ready to abandon their Brentwood chateaus to make the leap downtown.’
The DTLA pricing is an artifact of the Chinese Airbox Effect, nothing more. DTLA doesn’t yet have the basic infrastructure to support 30,000+ additional mouths to feed and transport.
There’s a fair number of office->condo conversions also going on along the Wilshire corridor that are trying to cash in to the return of dollars from PRC. Once that flow fails it’ll be fun.
Maybe LAs (((leaders))) will house asylum seekers in these new buildings? I would not be surprised if they do and even try to stick the bill to the fed gov - “well, a market rate is 4K/mo, but these poor people from somalia can’t count to 4 so we just let them live there for free and under a special law written umpteen years ago and inserted last minute into a bill passed in the middle of the night the fed has to pick up the cost of housing asylum seekers (*cough* demoncrat voters)”
Andover, MA Housing Prices Crater 17% YOY
https://www.movoto.com/andover-ma/market-trends/
HA, is that you? Let’s see what foolishness you posted today!
Price/SF……. up 8% YoY
Active Inventory…..down 9% YoY
Is it opposite day? This market is not cratering….it looks like it’s ascending!
HA! Get real……
DebtDonkey
Winthrop, WA Housing Prices Crater 10% YOY
https://www.movoto.com/winthrop-wa/market-trends/
Public union pensions will be paid.
Long term democrat rule + public unions + free sh*t army = misery, ruin and bankruptcy
********
Minor Violations Lead to Massive Prosecution Fees in Two California Desert Towns
Reason | Nov. 16, 2017 | Scott Shackford
In Coachella, a man was fined $900 for expanding his living room without getting a permit. He paid his fine. Then more than a year later he got a bill in the mail from Silver & Wright for $26,000. They told him that he had to pay the cost of prosecuting him, and if he didn’t, they could put a lien on his house and the city could sell it against his will. When he appealed the bill they charged him even more for the cost of defending against the appeal. The bill went from $26,000 to $31,000.
Brett Kelman of the Desert Sun found 18 cases in Indio and Coachella where people received inordinately high legal bills for small-time violations.
A woman fined for hanging Halloween decorations across a city street received legal bill for $2,700. When she challenged it, the bill jumped to $4,200.
This is scary stuff and needs to get national media attention. NPR, are you listening? Oh that’s right, they are too busy constantly blabbing about some flyover state congressional election.
NPR sees nothing wrong with this. This is their wet dream. A society where govt controls every single aspect of your life from the day you are born until the day you die.
Actually, NPR has done several in-depth articles on fees, albeit court fees, that are well outside of poor peoples’ ability to pay. I’ve listened to several of these and they are quite revealing.
https://www.npr.org/2014/05/19/312158516/increasing-court-fees-punish-the-poor
Yes, that is true on the court fees, I did hear some of those stories and I agree that there is a problem with our system. I’ve personally seen similar justice system issues with my neighbor’s kid.
When you get a new job (and have no days off), it’s usually a deal-breaker when you have to leave shortly thereafter to go to court, which leads to job loss, lather, rinse, repeat . . . or you skip the court date and then have a warrant out for your arrest, leading to job loss when you are in jail, so either way, you get hosed by the system.
If government truly wanted to help these people, they would have evening and weekend court dates so people trying to better their situation by actually trying to have a job without having to worry about losing it due to the justice system.
But as with most things, the legal system profits off of people, so what do they care? Running prisons is a profit-making industry these days, and we need a constant supply of new customers.
losing it due to the justice system.
It’s a legal system, not a “justice” system. It’s been that way ever since PFC Justice went AWOL from the army. At roll call the sergeant was told “Ain’t no Justice”.
The nerve of that guy renovating his own property without the approval of the govt. What if he picked the wrong paint color? We need govt bureaucrats to make sure tragedies like that don’t happen.
FOR THE CHILDREN!
FWIW, if you have a HOA you probably need its permission to change the color of your house.
HOAs are different. I can choose whether or not to live in an HOA. I can’t choose whether or not to be ruled by fascist govt bureaucrats.
Technically, you can. If you don’t want to live under a nanny govt, you can choose to live in another county or state. Not that this is much help. If there are no jobs in that state you’re screwed. Several of my co-workers choose to live in Virginia because VA is more lax than MD. But they pay with commuting time.
You got that right. In my city, and I can’t make this up, you are supposed to have a city plumbing permit to replace your own water heater (one-for-one replacement)!
That doesn’t sound like a big deal, until you have to actually deal with the city. Good luck going to city hall and actually finding somebody that can help you, and of course you can only do this during daytime hours, and forget about Fridays because everybody works 4-tens and they aren’t there on Friday.
Then you have to have the inspector come back, during daytime hours of course.
So that’s several hours you have to take off from work, just to do some basic home maintenance that you can do in a couple of hours on a Saturday afternoon.
So how many people do you think actually get one?
In my city, and I can’t make this up, you are supposed to have a city plumbing permit to replace your own water heater (one-for-one replacement)!
Same here. What the city doesn’t know, won’t hurt ‘em. Years before I moved in, the city electric company and electric inspection people screwed up the service drop to my house. When half of my circuitry suddenly died one morning, they tried to get me to call & pay for my own electrician. I fought city hall (somehow) and won. City electric people came by a few hours later and fixed their predecessor’s mistake.
The longer I live, the less respect I have for “experts”.
Yeah, that’s also true in Albuquerque. When I had the water heater replaced shortly after buying my new house, the plumber had to get a permit and have it subsequently inspected.
That being said, I’m certain most people who DIY hot water heater replacements here don’t bother to get a permit, and I don’t think the city actually cares much. I’ve heard stories of people who’ve built entire unpermitted structures here and the city doesn’t make a big deal about it.
And technically, there’s a whole bunch of other types of work (including low-voltage data wiring) that is supposed to require a permit, but I’ve never heard of anyone (even professionals) getting a permit to do it.
The permit is supposed to insure that your household will have an adequate water supply in case of a major emergency like the Cascadia earthquake.
American style Marxism at its’ finest. Give it a couple of years and this will be the norm in Western states.
Couldn’t these folks just follow the rules? Get a permit for working on your house and don’t put decorations where you don’t own.
Seems pretty straight forward to me.
Don’t speed if you can’t afford the ticket or the half hour wait on the side of the road.
You make it all seem so easy. Don’t do anything wrong in your own house, and they won’t break the door down and arrest you.
People are so dumb that they are voluntarily installing internet-connected listening devices and cameras in their own homes.
And our flat-screen ’smart’ TVs have cameras built right into them, so the technology discussed in the book 1984 is now here.
So much money going to pensions, they need to grab fees wherever they can.
they need to grab fees wherever they can ??
Yep…City of Santa Clara had 2 code enforcement people for the longest time….They hired four more recently and sent them out like locust to find people to cite…
But when Trump calls for deregulation, he’s the worst human being ever, right?
See illanoy for results
Then Greece,then Venezuela
Well, it’s a start….
*******
President Trump [Does] the Impossible: Reduces Debt to GDP Ratio by 1% His 1st Year in Office
GP | Nov 19, 2017 | Joe Hoft
President Trump’s policies have decreased the Debt to GDP ratio by 1% while at the same time the Atlanta Fed announced yesterday that the 4th Quarter GDP estimates have increased by 0.2% to 3.4%.
Since his inauguration President Trump has focused his efforts on the security of the country and on the prosperity of its economy. The results of his actions are taking shape.
The US GDP has increased each quarter in 2017 with the 3rd Quarter GDP increasing to $19.496 trillion – the highest GDP for any country in world history.
On the other hand, the President has curtailed US spending. The result is that the US Debt to GDP ratio has decreased year to date from 105% to 104%.
No President in more than 50 year years has decreased the Debt to GDP ratio in his first year in office by more than 1%. The last President to do so was Nixon in 1969. Presidents Reagan and George W. Bush decreased the Debt to GDP ratio in their first years in office but by less than 1%. President Obama increased the Debt to GDP ratio his first year in office by 15% and by 37% over his eight years in office.
George W. Bush decreased the Debt to GDP ratio in their first years in office but by less than 1%. President Obama increased the Debt to GDP ratio his first year in office by 15% and by 37% over his eight years in office.
Obama’s 15% was cleaning up Bush’s mess (i.e. TARP). Same thing will happen to the Dem that replaces the Orange clown currently in DC after the clown gets voted out in a landslide (think Carter back in 80) in 2020 (assuming the clown doesn’t resign or impeached first).
And obama left no massive mess for DJT to clean up?
Funny how you overlooked that.
And as a PS.
Senator obama voted for TARP.
But in your far left progressive eyes, he is no clown.
Hmmmm…..
‘Canada, Mexico to question U.S. auto content demands at NAFTA talks’
‘The Trump administration last month stunned its NAFTA partners by unveiling demands that half of the value content of all North American-built autos be produced in the United States and that the regional vehicle content requirement be sharply increased to 85 percent from the current 62.5 percent.’
‘The demands are aimed at meeting U.S. President Donald Trump’s NAFTA goals of stemming the flow of U.S. carmaking jobs to low-wage Mexico and reversing a $64 billion U.S. trade deficit with its southern neighbor.’
“In terms of the automotive sector, the United States´ proposal is insane,” said a Mexican auto industry representative with knowledge of the talks. “You cannot counter-propose such madness.”
A comment:
“I retired from a USA auto-parts manufacture, never in my life did I need to depend on government programs to feed, clothe, or house our family. We were able to send our children to college. I would not be able to say any of this if I’d worked if fast food, retail stores, or depended on tourism for an income. I watched as our machines and equipment was loaded onto flatbed truck and sent to Mexico, I was there when we were told to give our technology to Mexico and China. I was there when US businesses were paid with our US taxes to give our jobs away. President Obama said we couldn’t possibly roll this back. It is beyond time for American workers to reclaim our American jobs.”
equipment was loaded onto flatbed truck and sent to Mexico ??
I voted for him…
https://www.youtube.com/watch?v=Rkgx1C_S6ls
This is good news for Tesla since it’s vehicles are the most American made car in the US:
http://time.com/4677817/american-cars-brands-manufacturing/
And obama left no massive mess for DJT to clean up?
Funny how you overlooked that.
____
Silly right winger…don’t you know the rules?
Bush was responsible for every bad thing that happened between 2009 and 2016. But the second Trump took over at 12pm, Jan 20, 2017, everything from then on is 100% his fault.
(assuming the clown doesn’t resign or impeached first) ??
The grifter is losing even his base now only after 10 months in…Impeach ?? He would never let that happen to his very fragile ego…He will step down first likely due to some mysterious undisclosed ailment that his “chosen doctor” says does not allow him to continue…
Please keep stomping your feet.
You are never going to see the Trump landslide coming in 2020.
*****
Europe’s Merkel, Macron, May less popular than Trump
Washington Examiner | Nov. 20, 2017 | Paul Bedard
President Trump’s approval ratings, often mocked by Democrats and the media, top those of Europe’s biggest three leaders, German Chancellor Angela Merkel, Britain’s Theresa May and French President Emmanuel Macron.
Its okay your a Pedophile…We don’t care…We need your friggen vote on tax reform…Fook that fourteen year old…She should have know better than go to the house of a 32 year old district attorney who hangs out at malls & outside custody hearings;
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjM–Kc4c3XAhUpxVQKHdXqACgQqUMIKjAA&url=https%3A%2F%2Fwww.huffingtonpost.com%2Fentry%2Fkellyanne-conway-roy-moore_us_5a12ce98e4b0dd63b1ab903d&usg=AOvVaw0jCnVdGJvaI5ml-ERwYnta
Hello dave. Trump was never a district atty.
‘Its okay your a Pedophile…We don’t care’
Just to clarify: are we talking about Earth 1 or Earth 2 here? And I’m sure we can all agree that minors are fair game on any private jet the Clinton’s are aboard on Earth 1 or Earth 2.
Speaking of which:
http://dailycaller.com/2017/11/19/exclusive-bill-clinton-still-silent-about-flights-on-pedophiles-sex-plane/
Hello dave. Trump was never a district atty ??
Hell, he would not qualify for district anything…He’s not qualified and nobody would hire the con-man…Besides, it wasn’t directed at Trump Dude…You obviously did not open the link…
we can all agree that minors are fair game on any private jet the Clinton’s ??
Clinton’s are not running for the Senate…If fact, they are not running for anything so its irrelevant in that context…Listen to what KellyAnn had to say…Pretty disgusting people…
President Trump’s approval ratings ??
LOL….Virginia was just a bit of smoke….The “fire” is in Alabama…Lets s see how those Trump voters feel about it…62% went for Trump…Lets see if they shove it up Trumps rectum…
Virginia: Voted for Obama twice, voted for Hillary, has 2 Dem US Senators and a current Dem gov. Last time a Republican won a state wide race was in 2009. Since then nada.
And the left is celebrating that a Democrat won a race? And this is supposedly proof positive that Trump is finished?
LOL. You guys are if nothing else entertaining.
“He’s not qualified and nobody would hire…”
He’s qualified for the top job. Despite being a Democrat, we made him the Republican anti establishment candidate and we hired him. Some people will never get this, though it happened in plain sight.
He appears to be doing an honest job.
We should all be praying for him to succeed, not to fail, or have something disgusting done to him.
We should all be praying for him to succeed, not to fail, or have something disgusting done to him ??
“We Should” ?? Speak for yourself with…He is like a wife beater that comes home with roses the next day. You want to hold hands with him and ignore what he has said & done that’s your business. Please don’t include me in your “We Should”..
You need some Trump cream.
Wipe it around the inside of your skull.
And you can get on your knees for him or bend over. Your choice.
a wife beater…
You’re making stuff up. It’s going to be a long seven years.
You missed the Point didn’t you. Purposely or just out of
“ Blind Faith “.
“And you can get on your knees for him or bend over. Your choice.”
There is another choice.
LMAO at people like you stamping those little feet.
Little Feat “Feats Don’t Fail Me Now”
https://www.youtube.com/watch?v=nWuy5OzKA6o
Start with something that isn’t perverted and then maybe you can have a point.
This conversation is a preview of things to come at Thanksgiving dinner conversation for me…
Little Feat - Dixie Chicken (with Emmylou Harris & Bonnie Raitt) Live 1977
https://www.youtube.com/watch?v=3z-GwdaKrn8
This conversation is a preview of things to come at Thanksgiving dinner conversation for me…
I have been collecting many “conversation stoppers” to derail political discussions before they go off the rails into verbal violence.
‘Hillary Clinton really wants to be president — even if that means blasting off from Earth to do so. The failed Democratic candidate recently talked with Now This, a liberal online news outlet, where she pined for a presidency. While discussing a variety of topics, Clinton envisioned leaving Earth and venturing Earth 2, where that planet faces the same issues as the actual Earth.’
“I fear we have to end it here,” a voice off camera said. “Okay,” Pitney responded. “You want one more? I’ll be short — one more. Because I like being on Earth 2,” Hillary said.’
‘Pitney then asked Clinton what she would do about Russia. “If I had been president, or on Earth 2, where I am,” Hillary said she would have an “independent commission” look into the alleged Russian “hacking” of the presidential election.’
Meanwhile, back on Earth 1:
‘Bill Clinton is facing NEW accusations of sexual assault by four women while the former president was working with a billionaire playboy and flying on his private jet nicknamed Air F**k One, claims Clinton author.’
‘The four women, who have not yet revealed their identities, were employed in low-level positions at the Burkle organization when they were in their late teens and claim they were sexually assaulted by the former president.’
‘The new charges are likely to revive the debate over why Democrats defended Clinton during the Monica Lewinsky scandal and why liberals and feminists ignored credible charges of sexual assault against the 42nd president.’
‘A Democratic Party official who is familiar with the case…added that Hillary Clinton is furious with her husband for getting entangled in yet another sexual scandal. She reportedly offered to hire private detectives to dig up dirt on the women, but Bill Clinton’s attorneys persuaded her to not interfere.’
‘In the past Hillary had a team of detectives that managed to silence a number of women in Little Rock who had complaints about Bill’s unwanted sexual advances,’ said the source. ‘But now Hillary admits there’s a different atmosphere in our culture about sexual harassment and it’s not possible to intimidate women into silence about charges once they make up their mind to speak up.’
‘Hillary wants to remain in the public eye as a leader of the resistance to Donald Trump and play a major role in politics for years to come, including maybe even running for president again in 2020,’ the source continued. ‘She’s afraid this latest scandal could destroy the Clinton legacy and torpedo her plans.’
“If I had been president, or on Earth 2, where I am”
You just can’t even make this stuff up!
“I like being on Earth 2″
Are Dems really stupid enough to nominate her again in 2020? I didn’t think so. But I’m starting to wonder…..
‘She’s afraid this latest scandal could destroy the Clinton legacy and torpedo her plans.’
Hahah. That ship sailed a long time ago. I think the electorate has accepted that they are who they are. But not quite enough want any of them for president going forward. But this whole “legacy” thing and “plans” thing really needs to go away. How can we miss you if you won’t go away?
http://beta.latimes.com/politics/la-na-pol-trump-economy-20171119-story.html
“Strong economy boosts Trump among otherwise skeptical voters”
Womp Womp for the liberals.
This seems to sum it up pretty well:
“Trump would not be the first president to gain politically from a good economy that he didn’t fully bring about — or suffer from a bad one that wasn’t his fault.”
“Polling by numerous organizations shows that the sentiments expressed in Hart’s focus group are widespread: While some Americans support Trump all the way and others loathe everything about him, a significant segment expresses different views depending on which aspect of the president they’re focused on.”
“His behavior — his tweets, his public quarrels, his racial divisiveness — all draw sharply negative responses. So, too, does his handling of healthcare. But on the economy, Americans tend to give Trump higher marks.”
If the economy starts to stall or if we have a recession, all bets are off.
The real issue is the illegal immigration. Liberal arrogance and illegal immigration were the two things that elected Trump. People are willing to put up with a lot of nasty talk and sexist talk if it means bringing jobs back to citizens.
“You are never going to see the Trump landslide coming in 2020.”
I have no idea how he won again….NOBODY I know voted for him.
- liberals on election night 2020
It is absurd.
Until you look at through the lens of the trillions of cheap and easy obama dollars.
Then it makes perfect sense.
*******
The main gripe is ‘this is absurd; who is this affordable for?’ he said. ‘Even the folks who came in as the first wave of gentrifiers can’t swing it.’”
From the summary:
“Housing activity in the third quarter of 2017 is described as ‘continuing its rough patch’ in Fannie Mae’s latest edition of Economic Developments.”
It’s the vast liquidity injections that I think have bubbled housing worldwide, across multiple disparate markets. But each government’s policies do fan the flames of housing bubbles. So much wealth has been firehosed by just the government, towards the FIRE sector, for no greater reason than personal profit.
Now, with the housing market stimulus pedal to the medal from both central bank and the government, and the market going flat, the FIRE sector is going to go to the government and central bank and ask for more. I’m reminded of the line from CCR’s “Fortunate Son”: “When you ask them how much should we give, they only answer ‘More, more, more!’”
Portfolio
Bit coin
Tesla
Huber
😂 how does Mayfair make $?
Bought $300 piece n the shipping had to be $40+
Wayfair
‘L.A.’s Black population has declined by 100,000 since the 1980s, falling from 13% of the County population to 8% in just a few decades. Hollywood alone saw the displacement of 13,000 Latinos between 2000 and 2010, pushed out by rising rents to make way for upscale redevelopment.’
‘These are just two of the most eye-popping figures that illustrate a larger point: Los Angeles is increasingly becoming solely accessible to the rich, and the rich are disproportionately white. (“Black and Mexican households have one cent for every dollar of wealth held by the average white household,” according to The Color of Wealth in Los Angeles.)’
‘Some figures related to our housing crisis are well known: L.A. has 58 billionaires and 58,000 homeless residents. Rents have become totally detached from wages, increasing by 32% since 2000 while median income has fallen by 3% over the same period. As evictions skyrocket, Los Angeles was recently voted the number-one site for real estate investment in North America (lucky for us, L.A. “still has room for rents to rise”).’
‘South Central, majority Black in the immediate postwar period, has more recently (in the 1990s) become majority Latin@: these days its population is 87% Latin@ and 10% Black. It is the most over-crowded neighborhood in the country, has a poverty rate of 45%, and 8-in-10 residents are renters. Of those who rent, almost 70% are forced to spend more than 30% of their income on shelter. Clearly, most of the locals would have a very difficult time handling a rent increase.’
‘But that’s exactly what has happened in recent years, and rent increases are expected to accelerate even further in the immediate future. The continued expansion of USC, high-profile mega-developments like this $1.2 billion luxury apartment project called ‘The Reef,’ South Central’s proximity to the LA Metro Blue Line, and years of disinvestment that have resulted in cheap land all combine to make this Downtown-adjacent neighborhood a perfect target for real estate speculation (betting on rising property values) and trendy white folk.’
‘South Central already experienced a 44% increase in homelessness in 2015-16 alone.’
‘The population of Crenshaw is overwhelmingly Black, and roughly 7-in-10 residents rent. Nearby, Ladera Heights is referred to as the ‘Black Beverly Hills,’ which remains a majority Black, relatively wealthy neighborhood. But the median incomes in the majority of census tracts in the area overall range from $20,000 to $40,000. In 2015, the income needed to afford the average market-rate unit in L.A. was $105,000/year — double or even quadruple what most families there make.’
‘In a win for some homeowners, but a big loss for the majority renter population, property values have jumped by more than 40% in just a few years, and rents along with them. The major process fueling this speculation is the construction of the Crenshaw light-rail line, which will connect the area to both Downtown and LAX. But there’s also the proposed redevelopment of the Crenshaw Mall by a Chicago-based company looking to add 1,000 market-rate (read: luxury) housing units and 400 hotel rooms, in addition to several other upscale projects planned along the Metro line that represent a further surge of investment, and are a good indication of the gentrification to come.’
‘Boyle Heights is a heavily Latin@ neighborhood just east of Downtown, in which more than 7-in-10 residents are renters. The median income is $33,235, and over 9,000 households there earn under $20,000/year. Between 2010 and 2016, the median rent in Boyle Heights jumped from around $1,500 to $2,200 — a $700 increase in just 6 years. As I write this, actual Mariachis are being evicted from a building set to be named “Mariachi Crossing” by BJ Turner, the property owner, for the explicit purpose of making way for wealthier tenants.’
‘Inglewood real estate is considered very hot right now, which you’d already know if you watch the show Insecure. The average selling price for an Inglewood apartment has almost doubled since 2012, while average rents have increased from $1,000 to $1,350 over the same period. It’s a prime spot for real estate speculation because it’s pretty close to many jobs on the Westside.’
Santa Clara County, CA is definitely experiencing gentrification.
I don’t know, the last time I was in SoCal, last year, I saw plenty of Hispanics everywhere. They might not be living in the overpriced gentrified nabes, but they sure haven’t gone away.
‘One of the signature features of the modern age is the bottomless greed of the global economic elite. The richest people in the world — business tycoons, political elites, and wealthy heirs — spend half their time attempting to rake in more cash, and the other half protecting what they already have from as much taxation as possible. The key tool in this latter process is the tax haven: using legal chicanery (and, rather frequently, straight-up fraud) to move income and wealth into jurisdictions where it will be subject to little or no tax.’
‘Tax avoiders use all sorts of techniques. But I’d like to focus on one: real estate. It’s a technique that is both growing in importance, and could be addressed relatively easily.’
‘Real estate — especially in red-hot, ultra-expensive markets like Manhattan — has become a favored investment vehicle for the global elite. As this New York investigation demonstrates, between 2008 and 2014, roughly 30 percent of condos in big Manhattan developments were sold either to foreign investors or LLCs (which are usually hiding some foreign investor).’
‘The flood of outside cash rolling into New York real estate has numerous downsides. Most obviously, it drives up prices for actual New Yorkers who are looking to buy. But it also drives up rents, by keeping many perfectly good apartments empty. Many foreign investor properties are rented out, but many are not. Per the New York article: “The Census Bureau estimates that 30 percent of all apartments in the quadrant from 49th to 70th Streets between Fifth and Park are vacant at least 10 months a year.”
‘Activists leaked a report describing elite American attorneys — including a “recent president of the American Bar Association” — giving advice about how to move shady cash into the country, and one of the prime methods was buying New York real estate.’
‘More broadly, back in March 2016, the Treasury Department decided it would start tracking the purchase of real estate by secret foreign buyers, just in Manhattan and Miami-Dade County. A few months later, they found that over a quarter of all the cash purchases of luxury apartments were suspicious, and expanded the effort. Nothing is completely proven, but it’s a safe bet this stuff is rampant.’
‘Something similar holds for London — as economist Gabriel Zucman, an expert on hidden wealth, writes, “Why do we allow a great chunk of Manhattan and London to be owned by faceless shells, potentially hiding criminals and money launderers?”
‘So what might be done? First, there needs to be an all-out assault on money laundering. Enforcement of these laws has been so lax of late that criminals have become extremely sloppy, so many properties might be easily seized. Second, municipalities like New York could ban foreign shell companies from purchasing residential property, and perhaps institute a residency requirement, saying an apartment must be occupied at least eight months a year or be repossessed.’
‘The first thing we must do is understand that THIS IS NOT A BUBBLE!’ he wrote, noting that 20,000 jobs had been added but only 4,000 new housing units. Browse websites which feature homes for sale, and you’ll be hard-pressed to find many Reno-area listings under $300,000. Those that do fall in the $200,000 range or lower are usually older and smaller, two-bedroom houses or condominiums. ‘We don’t need any more $600,000 houses’
So you’ve got 14,000 people living in cardboard boxes? I doubt it. Up 27% in a year and it’s no bubble? Your 600k shacks will lead the country in defaults - again.
I suspect that those 20K jobs aren’t exactly the type that pay enough to settle down and start a family. Reno has an awful lot of service and warehouse gigs, not exactly high $ occupations.
A comment to the NV article:
“How can it be a boom if incomes are at historic lows and job security is unstable? This looks like more of the same. Banks are pretending to have tougher lending metrics but at the end of the day, they must move money. They must lend. So the bar slowly and quietly gets lower and lower. I recently sold a home to a couple (1st timers) who were told they could afford 709k?? That may be true due to a good credit score and a good paying job but when that job isn’t a secure one, like the one this person has, then they are doomed once he’s layed off. This is what happened the last time we had a bubble. Let’s not forget the outrageous stock market value??”
The tougher lending standard has to be one of the biggest lies after 2009 fiasco. There were still handing out subprime loans like candies but they just called it something else and had government back most of it.
Precisely. 90%+ of the market has been subprime since 2007.
Remember….. 3% down payment mortgage are subprime by definition.
“I suspect that those 20K jobs aren’t exactly the type that pay enough to settle down and start a family. Reno has an awful lot of service and warehouse gigs, not exactly high $ occupations.”
Do you really believe wages will magically triple or quadruple to meet grossly inflated asking prices of housing?
Of course not.
Housing prices will continued falling to dramatically lower and more affordable levels meeting wages.
Wages will not triple, but prices will not continue falling. Instead, one of these cash-flush investment hedgies, or similar, will buy the houses and rent them out to a three-wage household which an barely afford it.
One of my friends tells me that this is exactly what is happening in her 20-year old housing development. Prices are still going up, but the neighborhood is going down.
They are not cash-flush they are debt-flush.
DebtDonkeys indeed.
They are not cash-flush they are debt-flush.
Hedge funds by definition spend other people’s (investors) money. When it’s not your money one will not be so risk averse when spending it since as a hedge fund manager, one’s job is to chase yield.
A distinction without a difference considering all borrowed money will be repaid.
One of my friends tells me that this is exactly what is happening in her 20-year old housing development. Prices are still going up, but the neighborhood is going down.
Another excellent reason not to buy a house. God only knows what will become of your neighborhood in a few years’ time.
” Instead, one of these cash-flush investment hedgies…”
I honestly think there is an end game that looks different.
Investors try to get ahead of the retail herd. When eager debt donkeys who think they will get rich by overpaying for a house suffer a thinning of the herd, investors will push the sell button.
It’s like bouncing down a flight of stairs. Step two straight ahead.
“Wages will not triple, but prices will not continue falling. Instead, one of these cash-flush investment hedgies, or similar, will buy the houses and rent them out to a three-wage household which an barely afford it.”
Riiiiiiight. In little old Reno. Do you even understand how low prices went there last bust? The place is a low-wage, illegal alien mecca.
We live in an area where median wages are low but rents are high and have gone up substantially. We’re noticing an interesting trend of two families combining and renting under one roof. These are not Latino families, but lower-class white families.
“illegal alien Mecca”
Yup, they are the ones renting the houses.
“Yup, they are the ones renting the houses.”.
No, they’re the ones filling the trailer parks, or moving back to May-he-co.
“Fernley boasts a median home price that, while up 27 percent from a year ago, still remains more than $100,000 less than what it is farther west. The Reno-Sparks Association of Realtors reported in October a median home price of $348,500 for the greater Reno area, which includes Sparks, compared with a $241,500 median price in Fernley. Mike Kazmierski, president and CEO of EDAWN, has been sounding an alarm about the region’s housing problem for more than two years. In February 2017, he submitted a piece with a more dramatic headline: ‘Reno’s housing sky is falling.’”
This is BUBBLE CENTRAL. This is 100% speculation just as it was during the last run-up. As prices peak in Reno, the money runs out to nowhere desert places such as Fernley, where there is buildable land for hundreds upon hundreds of miles. Just like last time, all of them will be decimated in a price slaughter second to none. They fell over 60% last time.
Bellingham, WA Housing Prices Crater 5% YOY On Plunging Housing Demand
https://www.movoto.com/bellingham-wa/market-trends/
HA, is that you again. Your link shows inventory down 4%, price per square foot up 9%.
Are you sure Bellingham is cratering? It looks like you are wrong again……HA!
DebtDonkey
Miami Beach, FL Housing Prices Crater 9% YOY
https://www.movoto.com/miami-beach-fl/market-trends/
I just got this in an email:
‘Greystone Brown Real Estate Advisors today announced it has closed on the sale of The Belmont in Montgomery, AL and Crossings of Millbrook in Millbrook, AL, for a combined $48,150,000. “There has been a marked increase in interest for investment in the Montgomery, AL market, and these two assets offer value-add opportunities for both buyers,” said Bo Brown, President, Greystone Brown Real Estate Advisors.’
‘Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products.’
At the Belmont, right next to Alabama State U, 1-bed apartments at The Belmont rent for $650. A 1200 sq ft 3-bed rents for $875. I’d call them Grade B+. Pool: usable but small. Fitness center: usable but could be upgraded. Formica counter, electric coil stove. Covered parking is $30/month, so open parking is probably free. Perfect for university students, mid-20s entry-level singles/couples, or mid-income families.
But no. Developers see this as ripe for extortion. A little HGTV gray paint, couple slabs of granite, a few more treadmills, and watch the rent go to $950-$1400. Disgusting.
Yet still half the cost of buying.
In Montgomery, Alabama? Here’s a 4/2 for $675/month:
https://www.zillow.com/homedetails/471-Clanton-Ave-Montgomery-AL-36104/72798383_zpid/?fullpage=true
Stack on depreciation, taxes and depreciation you’re up to $1500/month and the lights still aren’t on yet.
That’s slightly more than the $600/month rent.
According to the link, property taxes are in the mid $300 a year, that’s about 30 a month.
Depreciation $6000/yr, insurance $1500/yr…… Lights still aren’t on.
Nice cute little antique house. In 2004 it sold for $57K. Now it’s color coordinated and they want $129K. Must be some nice paint. Careful when you do switch on those lights. Probably some post and tube in the circuit.
HA, is that you?
“…..Stack on depreciation, taxes and depreciation……”
You always seem to double count to make your points! HA!
The little house in Montgomery sure has a curious pricing history.
Sold for $120,000 in 2006
Asking $129,000 in 2017
After selling costs, there is likely a loss. Two price reductions from $149,000!
DebtDonkey
Lexington, MA Housing Prices Crater 17% YOY On Skyrocketing Housing Inventory
https://www.movoto.com/lexington-ma/market-trends/
Do we really need the federal government backing this crap? If people want to risk their own money that’s one thing, but this “value add” BS has been going on for years using government backed loans. It’s gotta be way over a trillion bucks by now. All so they can squeeze another 1 or 2% out of tenants.
What’s even easier than renovating a place like that is, just convert it to condos. Give the residents a choice: buy or move out.
This happened at the peak of the last bubble to someone I know. Her mother encouraged and enabled her to buy. After the crash, she wanted to move so she could be with her boyfriend, but was stuck there because she was underwater, and they had some restriction in the CCRs against renting it out.
The place was exactly as you describe: Pool: usable but small. Fitness center: usable but could be upgraded. Formica counter, electric coil stove. Dark and depressing 70’s built.
Electric or gas, laminate or granite, it’s all rapidly depreciating, money losing junk.
The condo market is usually the first one to fall and the last one to rise.
‘Developers can’t just lower the rents to accommodate demand and keep the projects financially viable. In Brooklyn an overload of luxury rentals already exists downtown.’
Where this is headed is obvious. Developer defaults, projects bought for pennies on the dollar - lower rents - viability!
Default…. It’s a fancy way of saying you paid way too much.
Developer defaults,
Yes…
projects bought for pennies on the dollar - lower rents - viability!
Ummm…no…a banker might lose money. Better foam the runways…
Littleton, CO Housing Prices Crater 5% YOY
https://www.movoto.com/littleton-co/market-trends/
HA is that you? Inventory down 5%, prices down 1%, HA, hardly a crater….
What is interesting is the average size home is 4,700 SF……glad I don’t have to clean that monster!
DebtDonkey
Danville, CA Rental Rates Plunge 9% YOY As Rental Market Craters Nationally
https://www.zillow.com/danville-ca/home-values/
Anybody want a Zoo?
Buy your kids this $6 million zoo in Alvin and be the hero of the century
By Craig Hlavaty Published 2:25 pm, Thursday, November 16, 2017
The zoo rakes in about $1 million in annual sales and runs at a more than 30 percent profit margin.
Wolston said he’s looking for someone who can take on the responsibility of such an expansive park. It probably won’t be an easy task, but Matt Damon did it in “We Bought A Zoo,” so how hard could it be?
http://www.chron.com/neighborhood/bayarea/article/Buy-your-kids-this-6-million-zoo-in-Alvin-12363532.php
crime_is_uncontained
“Mortgage Broker Is 5th Person Arrested In Pasco Sinkhole Real Estate Fraud Case”
http://wfla.com/2017/11/14/mortgage-broker-is-5th-person-arrested-in-pasco-sinkhole-fraud-case/
And the two others involved in this felonious crime are realtors.
HA unmasked….
http://www.richmond.com/city-life/dating-in-richmond-grown-man-living-in-mom-s-basement/article_59675fe4-563c-11e4-ae7a-001a4bcf6878.html
looks like an abuser
The most likely explanation for this antisocial comment is that you are posting from your mother’s basement and projecting. Any way you slice it, sick puppy.
Any way you slice it, sick puppy ??
Your the sick one BS. You want to kiss HA’s arse after all the garbage and vile he throws around on this blog you go ahead. Get in bed with him.
DebtDonkey
Pahoa, Hawaii Housing Prices Crater 14% YOY
https://www.movoto.com/pahoa-hi/market-trends/
“Get in bed with him…”
Extraordinarily perverted. JMO.
You must admit, it was a classic foot stamping fest.
HA, Ha, ha, ha that is funny. He is sitting at his desk doing his fake analysis!
DebtDonkey
Silverton, OR Housing Prices Crater 12% YOY
https://www.movoto.com/silverton-or/market-trends/
And now Charlie Rose goes down.
https://www.washingtonpost.com/investigations/eight-women-say-charlie-rose-sexually-harassed-them–with-nudity-groping-and-lewd-calls/2017/11/20/9b168de8-caec-11e7-8321-481fd63f174d_story.html?utm_term=.86f7593cc21e
Not sure which list is shorter
1. Liberal Democrats who are sexual predators
2. Liberal Democrats who are NOT sexual predators
I’ve got a woman harassing me at the moment. I think she wants something from me. Does that mean she is a Liberal Democrat?
In his mind yes.
And on the other side, there are apparently some unscrupulous women looking to drag some (seemingly) innocent guys through the mud. Looking for money?
https://www.msn.com/en-us/tv/news/jeremy-piven-takes-and-passes-polygraph-amid-sex-assault-allegations/ar-BBFnBGQ?OCID=ansmsnnews11
Assuming there aren’t other skeletons, Piven may actually be in category #2.
I just saw a photo of Tweeden groping the ass of her lead guitarist on the same USO tour she shared with Franken.
There is also a video of Tweeden grinding on Robin Williams, who was married at the time.
Not just lib dims. Most are also:
1) secular jews
2) globalists
3) rabid trump haters
What are the odds?
Rosanne Barr had a great tweet over the weekend, big picture of Trump grinning and something to the effect:
the feeling when all your haters turn out to be pedophiles
In economics, a durable good or a hard good is a good that does not quickly wear out, or more specifically, one that yields utility over time rather than being completely consumed in one use. Items like bricks could be considered perfectly durable goods because they should theoretically never wear out. Highly durable goods such as refrigerators or cars usually continue to be useful for three or more years of use,[1] so durable goods are typically characterized by long periods between successive purchases.
Durable ain’t what it used to be.
thats for sure dude. landfills filled up with cheap imports. We inflate assets, they send us stuff.
I bUY appRECiating aSSets!
Denver(Highland), CO Housing Prices Crater 11% YOY On Record High Housing Inventory
https://www.zillow.com/highland-denver-co/home-values/
*Select price from dropdown menu under first chart
From the last article that Ben posted:
“Advocates maintain that the balance ought to be shifted to those further down the income chain and that the greatest need exists among those families making about $35,000.”
The problem with “affordable housing” is that it is just not affordable. With so many barriers to getting affordable housing to market, realistically, I don’t see how solve this problem unless cars get a lot better to live in.
‘I don’t see how solve this problem unless cars get a lot better to live in’
There’s never been a problem housing people before - ever. Can’t you see a sign of insanity in your statement?
Actually, no. It’s not that I don’t think the problem is not solvable, it’s that I think the entrenched interests and gridlock are such that things will continue to get worse and worse (e.g. increasingly unaffordable) before they get better. I don’t think there is consensus around measures that could be taken to alleviate things. Eventually the bubble will pop, but when will that be, and will it be too late for those who are drowning now?
Stick with changing bedpans.
I place advanced IVs.
It’s not that I don’t think the problem is not solvable
When mom was hospitalized for a very hard to control nosebleed, some wise-ass MD told me, “Bleeding always stops”.
I’m sure after awhile that it gets difficult to work in that field.
In light of whether we are in a housing shortage or not, I came across this article and felt it was pretty insightful:
http://www.citymetric.com/politics/britain-s-housing-crisis-myth-3495
Is Britain’s Housing Crisis A Myth?
John Elledge
“We’ve been banging on about the need for Britain to build more houses for so long that I can no longer remember how or when it started. But at some point over the last few years, the need to build more homes has become My Thing. People ask me to speak at housing events, or @ me into arguments they’re having on Twitter on a Sunday morning in the hope I’ll help them out. You can even buy a me-inspired “Build More Bloody Houses” t-shirt.”
“It’s thus with trepidation about the damage I’m about to do to my personal brand that I ask: Does Britain actually have enough houses? Is it possible I’ve been wrong all this time?”
“All these articles draw on the data to make similar arguments: that the number of new homes built has consistently been larger than the number of new households; that focusing on new home numbers alone is misleading, and we should look at net supply; and that the real villain of the piece is the financialisation of housing, in which the old and rich have poured capital into housing for investment reasons, thus bidding up prices.”
I like what Xi Jinping said recently: “Houses should be for living in, not for speculation.”
HowMany
2exwives
Dartmouth University hosts ‘What’s Up With White People?’ event
DANIEL PAYNE - ASSISTANT EDITOR •NOVEMBER 16, 2017
Dartmouth University will host Temple University professor Matt Wray on February 2, 2018, where Wray will expound on “the different types of white people and how you can learn to spot them in their natural habitats.”
https://www.thecollegefix.com/post/39076/
“During the Dartmouth event, which is being sponsored by the school’s sociology department, Wray will also offer `observations about the implications of white self-differentiation for social issues like immigration, mass incarceration, and the growing epidemic of self-destruction among whites.`”
My favorite part: “… The growing epidemic of self-destruction among whites.”
Bahahaha … I do my best to facilitate this self-destruction by offering-up
to all white pukes my Dotted Line Special, but because I strongly believe in equal rights (as well as the concept of No Dollar Escapes) I happily offer-up my Dotted Line Special/No Dollar Escapes plan to ALL applicants no matter what their color, shade of color, choice of gender - whatever.
‘Yellen Says She’ll Leave Fed ‘
Ding dong the …
Figurehead. Remains to be seen if putting in a new suit changes much. I’d like to be wrong.
http://adventuresinfinance.realvision.libsynpro.com/41-a-sea-change-could-be-on-the-feds-horizon
I’m partway through this podcast…first interview is with the woman who wrote “Fed Up” (a former Fed insider). She seems to think there is a chance that Powell will be more hawkish than the MSM thinks…we can hope.
Good riddance Godless communist.
https://www.buzzfeed.com/paulmcleod/she-complained-that-a-powerful-congressman-harassed-her?utm_term=.jypppaPp7y#.pgpOOPpOMD
Holy crap.
Holy crap.
It’s even stranger. Black woman says she was “black balled” by a black Congressman.
why is it cool to overpay for stuff on amazon?
“why is it cool to overpay for stuff on amazon?”
I think you need to have the knowledge that can only be acquired by taking on mass amounts of student loan debt to accurately answer that question.
Charlie Rose was spotted in Central Park yesterday.
https://www.youtube.com/watch?v=QQtQ4Nsja_8
Charlie Rose was spotted working on his public apology in Central Park yesterday.
https://www.youtube.com/watch?v=HgkRw3t6b-U
“QE is a like a roach motel, once your in you can get out.”
global central banks will keep printing and buying stocks.
Early in the game every one seems to be a winner. When you borrow more than you can repay and you lose your donkey’s behind, you get donkey’s exhaustion.
Homeowners trapped by ‘fleecehold’ – the new cash cow for developers
Thousands of homeowners on private estates are facing unregulated and uncapped maintenance fees, amid allegations that developers have created a cash cow from charging for communal areas not maintained by the council.
Management contracts for “unadopted” private estates are frequently sold off to speculators and property management companies in the same way as freeholds and ground rents – leaving homeowners with spiralling fees and nowhere to turn.
If a new-build estate is “unadopted” it means communal areas such as roads, grass verges, pavements and playgrounds are retained by the developer. The developer then usually sub-contracts day-to-day management.
These companies then pass on the costs to homeowners (both freeholders and leaseholders) via a deed of transfer which obliges the homeowner, under the Law of Property Act 1925, to pay for maintenance of this land. This is often referred to as an “estate charge” or “service charge”. These are on top of full council tax – even though the council doesn’t maintain their street.
https://www.theguardian.com/money/2017/dec/02/homeowner-freehold-management-fees-unadopted
What a wonderful new word ‘fleecehold’ (at least to me). From now too me the whole housing market will be ‘fleeceworld’. It just in my mind sums it up too as tee.
fleece (v.)
1530s in the literal sense of “to strip (a sheep) of fleece,” from fleece (n.). From 1570s in the figurative meaning “to cheat, swindle, strip of money.”