For Sellers, It Can Be Frustrating
A report from the Orlando Sentinel in Florida. “Jonathan Barr thought living at the Paramount on Lake Eola would be a dream come true. He estimates spending about $200,000 in custom cabinets, lighting, flooring and other treatments for the downtown Orlando home he bought in 2006. But this past July, Barr was forced to sell because a majority owner is converting the entire building into apartments. Such a move, called a condo termination, has prompted a lot of anger since it became permissible in 2007 under a Florida law that has been tweaked several times in an effort to make it more fair.”
“Things could have been worse for Barr. Because he lived in the unit, he was guaranteed to receive at least what he paid for it, which was $500,000 at the peak of the housing market in 2006. But people who owned units at the Paramount as an investor or a landlord, such as Javier Camacho of Miami, didn’t have that guarantee. He had purchased the unit in 2008 for $449,857. But the value of the unit had plummeted, not just because of the recession, but also because the building went into foreclosure and became mostly apartments.”
“Camacho sold his unit for $309,000, a loss of $140,000, to Northland soon after it bought the building in May. Despite the lower price, Camacho said he understands the situation. ‘On my end, I think was treated well. It was the market forces that determined the sale price,’ Camacho said.”
From the Coloradoan. “New apartments appear to be easing vacancy rates, particularly in northwest Fort Collins, but the city is not out of its tight rental market just yet. The city’s overall multifamily vacancy rate improved to 3.7 percent in the third quarter of 2017. It’s the highest percentage of vacant rental units the city has seen in four years. Increasing apartment rents, a slowdown in the single-family rental market, and newly available options are pushing renters out of apartments and into townhomes, condos and single-family homes, said Greg Roeder, owner of Waypoint, a Fort Collins brokerage and property management company.”
“As rents for single-family homes start to decline, renting a home looks like a better deal than an apartment. ‘The three- to four-bedroom house that was getting $2,100 a month might now be getting $1,700,’ Roeder said.”
The Houston Chronicle in Texas. “Camden Property Trust’s stock has fluctuated in recent years, at times taking a hit from investor perceptions that Houston, where the company owns thousands of apartments, isn’t the best place to live compared with high-flying coastal cities. The latest energy bust didn’t help either. Then Hurricanes Harvey and Irma hit. ‘The stock shot up like a rocket,’ CEO Ric Campo said, noting that Camden’s local apartment portfolio saw occupancy jump nearly 5 percentage points after the storm.”
“Campo made a last-minute decision to issue new shares and the company raised $500 million in equity. ‘Folks in New York, Boston and elsewhere bought the stock.’ The company sold $1.2 billion worth of properties in the last year as historically low interest rates drove up prices. Camden is reinvesting some of the proceeds in new development, but it’s also making sure it has a financial cushion. ‘I’m not projecting a crisis or a crash,’ Campo said. ‘I’ve just been around long enough to know that the cycle changes when the cycle changes. When prices are at peak levels you sell and put cash on your balance sheet.’”
The News Journal in Delaware. “Delaware’s housing market, for buyers, is promising. For sellers, it can be frustrating. The slow growth has been driven by a large number of homes that are in foreclosure or otherwise being sold in distress at fire-sale prices, said Bruce Plummer, president of the Delaware Association of Realtors.”
“‘It is a problem that is statewide,’ he said. Delaware has been slower to rid itself of a large proportion of bank-owned homes, said Plummer, who also is a practicing real estate broker for Coldwell Banker in Rehoboth Beach. ‘For some reason, the problem is lingering in Delaware more than I expected,’ he said. ‘We have $800,000 homes that are in foreclosure at the beach.’”
From Mansion Global on New York. “Thanksgiving put a cramp in New York’s luxury market last week with only 15 homes finding buyers, according to a report by Olshan Realty. The deals cut on homes last week were worthy of Black Friday, as the average discount was a whopping 19%. For instance, the No. 1 contract last week was a four-bedroom condo at 15 Central Park West, asking $25 million—a 24% discount from the $33 million the owners originally wanted when it was first listed in June.”
“The price cut on last week’s No. 2 transaction was even greater. The triplex condo at 53 Leonard St. in Tribeca went into contract, asking just under $9 million, a 50% price cut from the $18 million price tag it had when it when it went on the market in May 2016.”
‘Because he lived in the unit, he was guaranteed to receive at least what he paid for it, which was $500,000 at the peak of the housing market in 2006′
I guess he’s still out the 200k he spent on the airbox. Well, it was cheaper than renting. Oh, wait, he can rent it from the new owner!
That’s what our friend Jingle Mail would call “understanding investing”.
I’m sure he’ll be along shortly to explain this to us rubes.
I’m here. Sorry to be so late.
I’ve been busy working on a property. The same residents have lived there for 24 years and are getting elderly. I’ve never raised the rent and they are getting elderly, so I just try to take care of them like family.
Let’s see: “Understanding Investing”? I don’t have much to offer someone who bought in 2006. I considered buying a new house in 2005, but then I found this blog. There you have it: Read the HBB. It’s the best investment advisor I’ve ever found!
DebtDonkey
Los Angeles, CA 90036 Housing Prices Crater 6% YOY
https://www.zillow.com/los-angeles-ca-90036/home-values/
Oh, and don’t listen to Mafia Blocks (aka HA!).
He tells everyone to always rent and never buy real estate. My net worth would be $1,000,000 lower if I listened to him.in 2009!
Condo termination?
Take your private property on a whim?
No matter who much you have improved it or invested in it?
Who would buy such a place?
Who would live in Floriduh? I was in Orlando two years ago. The place gave me the heebie jeebies.
a flat ,sweaty ,multi cultural glob
but ORL is smoking hot according to schillow
Orlando = the least happiest place on Earth
Culturally, there are several different Floridas; the consensus is that there are at least three, and possibly as many as nine. I’m not a fan of Orlando either, but other parts of the state are different. I’m sure the locals loved you too!
The only other state I’d seriously consider living in is … Colorado.
Not that I could afford to live there, but I hiked around Vail this summer and it was quite pleasant, except for the work on I-70.
The Orlando/Kissimmee area is a humid, dank, congested pit. And yet, those who live there swear by it. If I never have to go there again it’ll be too soon.
North Florida is where it’s at! If the Tampa Bay area settles down, I’d go back there, too. Altantic coast from about Jupiter on up is OK.
I would guess every condo has some sort of termination clause. Stuff happens and they need a way to sort out various problems that could come up. If this guy really paid 200k for some cabinets, etc, he got schlonged on that too.
I interpreted the $200k was included in the cost.
It also appeared to me the condo buyback provision was a state law. One of the worst monsters in real estate is a ” Busted Condo” where some units sold, but the majority never did and the project turned into 70% apartments. This may have been a legislative attempt to resolve the purgatory situation.
Today, a 3/2 at the Paramount rents for $2755. In 2006 [I assumed 5% interest and 10% down), a $500K condo at the Paramount would have been $3000/month, before HOA fees. So it wasn’t cheaper than renting.
That said, why is Orlando so stuffed with high price condos? It’s not on the beach, it’s not in Manhattan, there don’t appear to the be the jobs. To sell to the next specuvestor? I dunno, if I had a bag of money and a box of stupid, I would at least pick something on a beach or in a major job center.
He lost his $200K in fixeruppers. “Camacho sold his unit for $309,000, a loss of $140,000…”
Probably some taxes, assessments and maintenance on top of the HOA.
I think it was Barr who dropped $200K on fixing up. Camacho evidently was satisfied with the original granite.
I found it suspicious that neither Barr nor Camacho seemed all that distressed over losing a couple hundred large. In most news articles, the regular families are frantic at being wiped out, but these guys are like “Meh… oh well… that’s the market.” Where are they getting this money? Drugs? Laundering? OPM?
That is an enormous sum for central Florida. For awhile during the first bubble there were areas in the metro area that were popular with UK citizens buying vacation homes, although I hadn’t heard that downtown was one of those areas.
LOL California:
http://www.zerohedge.com/news/2017-11-29/mapping-fiscal-burden-illegal-immigration-each-state
The country’s first “sanctuary state” is the most impoverished state in the country.
$600M in Hawaii? That’s a long way to swim
So how are illegals boarding airliners to Hawaii (getting past TSA)? With their Matricula cards?
Wyoming, just 34M. I wonder how they keep them away?
In 2001 I worked in Anchorage for the summer. One company I was at had about half illegals. There were something like 50 guys who claimed to all have the same last name from the same town in Mexico. I mentioned to one that wasn’t possible and he laughed. I asked him, how did you all get here? He looked at me kind of puzzled and said, “by plane, obviously.”
Alaska feeds heavily off of cheap and illegal labor. Mexicans, ex-cons, etc. It’s a pretty rough crowd in a lot of the industries, especially fishing.
“…pretty rough crowd in a lot of the industries, especially fishing.”
Gotta be tough to endure the Bering Sea.
Most are probably filipinos, with polynesians, marshalese and other oceania types in the mix. Read theres a few mexicans as well:
https://www.washingtonpost.com/news/morning-mix/wp/2017/07/10/facing-deportation-hawaii-coffee-farmer-father-of-three-returns-to-mexico-after-28-years/?utm_term=.820662b5e9e1
Dumb SOB couldnt be bothered to get legal. Well, bye! I’d throw the whole family in jail for harboring. MAGA!
The comments were almost all against this guy. This is very unusual for the liberal Washington Post.
Also, interesting to see that illegals have moved well out of the southwest.
That’s not a recent event, it’s been going on for 40 years.
My area is mostly Central American, not Mexican. Sometimes I wonder if there’s anyone left in El Salvador.
Olivia Hitchcock Palm Beach Post Staff Writer
6:26 p.m Friday, Nov. 17, 2017 Palm Beach County Crime
LAKE WORTH
Ties to the MS-13 gang inspired Victor Fuentes and five teenagers to rob Hispanic men across Lake Worth. But it was a “demon,” the 20-year-old El Salvador citizen said, that made him pull the trigger and kill two men.
Sheriff’s authorities say so far all of the suspects they’ve arrested are in the country illegally and all face deportation. They are:
— Fuentes, 20, of El Salvador, who faces charges in both killings.
— Two 17-year-old El Salvador citizens who face charges in both killings.
— A 17-year-old Honduras citizen who faces charges in the Nov. 5 killing.
— Two 16-year-old El Salvador citizens who face charges in the Nov. 5 killing.
Lucio Velazquez-Morales was standing at the corner of 10th Avenue South and South H Street at about 5 on the morning of Oct. 30 when Fuentes and at least two teens drove by looking for someone to rob, authorities say Fuentes told them.
Fuentes jumped out of the car and pointed a gun at the 33-year-old. He grabbed the man’s wallet from his back pants pocket.
The man ran.
A “demon” inside Fuentes’ head made him pull the trigger, he told detectives. He kept firing, claiming his finger got stuck.
Six days later the gang killed again, that time shooting and robbing a 25-year-old on the 400 block of South F Street. Sheriff’s authorities didn’t release Octavio Sanches-Morales’ name until Friday because they were trying to contact his next of kin. Like Velasquez-Morales, he was in the country without papers, the sheriff’s office said.
Sanches-Morales was found with one bullet hole in his jaw, and another bullet went through the left side of his body, hitting both his lungs and severing a major blood vessel, according to a sheriff’s report. Surveillance-camera footage in the area shows Sanches-Morales on a bike and a vehicle stopping, followed by several people jumping out, then moving out of the video frame. The men are then seen rushing back to the car and fleeing the scene. A 911 call came in minutes later to report the shooting.
http://www.palmbeachpost.com/news/crime–law/breaking-pbso-says-gang-members-arrested-killings-linked/swmgYw7VTyyycPDAfgrigN/
When violent criminals are deported, they just come right back. This is why the border needs to be more secure.
And this is precisely why Trump won the election, neatly summed up in one paragraph.
But globalists gonna globe . . .
From the ZeroHedge post:
For example, suppose immigrants really are paying less in income taxes because of their illegal status. Forbes estimates that granting them amnesty would actually boost their state tax contributions by $2.1 billion.
So they are assuming that these illegals would continue to work the same jobs and that their employers would suddenly start paying into state taxes? I call BS. Paying low and under the table is why they got hired in the first place. The minute they get legal and demand more pay, employers will fire them and look for a new crop hungry illegals.
So the immigrants paying low income taxes now will be unemployed, pay NO taxes, and shove their anchor offspring off on the school systems.
when I need tree work etc- I have a no engles policy
this is why a national sales tax makes sense
Everyone even illegals prostitutes drug dealers bookies have to buy stuff with their Illegal earnings so they will pay some of it back
Only if they eliminate income taxes, thereby getting their noses out of our personal business. How much money we make and how we make it is none of the government’s business.
Sell now, or be priced in forever.
White House ‘keeping an eye’ on cryptocurrencies, spokeswoman Sanders says
Published: Nov 30, 2017 3:41 p.m. ET
By Robert Schroeder
Fiscal policy reporter
The White House is monitoring cryptocurrencies and Homeland Security Adviser Tom Bossert is “keeping an eye” on them, spokeswoman Sarah Huckabee Sanders said. Sanders was asked about the currencies, which include bitcoin (BTCUSD, -5.37%) the price of which hit $10,000 but moved below that level Thursday. Sanders didn’t elaborate on how the Trump administration is monitoring them.
…
“Sanders didn’t elaborate on how the Trump administration is monitoring them.”
Waiting until the time is right to BTFD.
Easy Come Easy Go
Bitcoin is already dwarfing some of the largest financial market bubbles of all time
- If bitcoin is indeed a cryptocurrency bubble, it’s already much larger than the Nasdaq in the late 1990s, the Dow in the roaring 1920s, and silver in the late 1970s.
- Birinyi Associates studied bitcoin versus 10 other bubbles, and found it came out as one of the largest.
- Lazlo Birinyi says he believes bitcoin probably is in a bubble, and while he would trade it, he would not invest in it.
Patti Domm
Published 1 Hour Ago
Updated 58 Mins Ago
CNBC.com
Bitcoin’s volatility is in full force this week
2 Hours Ago | 01:04
Bitcoin already has the look of one of the biggest financial market bubbles of all time.
Source: Birinyi Associates
If bitcoin is indeed a cryptocurrency bubble, it’s already much larger than the Nasdaq in the late 1990s, the Dow in the roaring 1920s, and silver in the late 1970s.
Birinyi Associates studied bitcoin versus 10 large financial bubbles. Bitcoin showed particular bubble-like qualities this week, surging past $11,000 before trading back at about $9,600 Thursday afternoon. It started November at about $6,500.
…
Carrollton, TX Housing Prices Crater 6% YOY
https://www.movoto.com/carrollton-tx/market-trends/
America faces a future of leadership by women and effete men.
Maybe on the Democrat side of the aisle. Though from what I’m seeing, the Dems are throwing their pro feminism, effete men under the bus, so it’s probably going to end up being the party of just women.
I know a lot of women who don’t want effete men. They want men with honor and half a brain. Short in supply in my observation.
James Bond was a HER-ass-ER
ho wait, they said yes
BUT only a certain kind of woman.
The “feminists” vilified Sarah Palin running for VP.
Could have cared less for the Republican woman (Kim Guadagno) who ran for Governor in NJ against a MAN just a few weeks ago.
Treat the current first lady terribly.
And are currently trying to destroy Donna Brazile
And that is just off the top of my head…
I have to say, I didn’t like that Madeline Albright (and post-election Michelle Obama) told me that I was basically a traitor to my gender for not voting for Hillary. *Real* feminism is being trusted to make your own decision. The Tyranny of the Petticoat is no worse than the Tyranny of the Pantsuit.
Madeline Albright tells Diane Sawyer that the death of 500,000 Iraqi children was “worth it”
https://m.youtube.com/watch?v=RM0uvgHKZe8
Globalists gonna globe.
To paraphrase my (left leaning, daughter of a teacher) wife’s comment about Hillary:
“It’s a shame that the first woman president might be THIS particular woman.”
She certainly didn’t want Hillary to be some ideal that our daughters would look up to.
*Real* feminism is being trusted to make your own decision.
Tell that to all the women who marched with their pussy hats. Or the ones who support Islam. You fail their purity test.
*Real* feminism is being trusted to make your own decision.
Real feminism is not needing anyone else to “trust you to make your own decision”.
You stand on your own two feet and trust yourself.
“You stand on your own two feet and trust yourself”
A mighty rare commodity these days, regardless of the label.
like Sweden
Nah. These days the manly men are going to live without females. To them it’s a waste of time to date or marry a female, as they can be more of an individual without cowtowing to girls. They are called MGTOW. I learned this after googling F-35 MGTOW……that acronym means something different to me.
I had to look that up. I’ve designed my situation in a way that excludes the traditional compromises that full time cohabitation requires, like returning to home on a regular basis or not rebuilding a V8 in the living room. So I guess I kind of fit in there. I did first raise four kids. No “going own way” while that’s happening.
Nah. These days the manly men are going to live without females. To them it’s a waste of time to date or marry a female, as they can be more of an individual without cowtowing to girls.
The INS denied that visa for your 18 year old Russian “fiancee”?
Not mine. I’m married with 3 kids. Don’t think the wife would like a Russian bride.
“I learned this after googling F-35 MGTOW…”
>>A blog comment, “I find joy in watching women slowly realize that time is running out.”
That MGTOW site is pretty harsh on the ladies.
That MGTOW site is pretty harsh on the ladies.
I haven’t visited it but I imagine the bitterness level is probably pretty high there. Maybe on par with the chatter at a first-wives-club luncheon. I’m happy with how my attempts to not get sucked into that and just move on have worked out. The check I send every month is on autopay and I just try not to think about it :-).
“The check I send every month is on autopay and I just try not to think about it :-).”
Sorry to hear about that monthly payment. I’m still doing well in my marriage, and no dead bedroom either. Both of us are fit, but I could use a winning lotto ticket as our kids are now young adults progressing through college. Still debt free!
Waiting to see if this storm takes out the gays who abuse their power in DC and Hollyweird and the University profs who did similar. If that happens, you can kiss hollyweird goodbye and most colleges will be similarly decimated. Lots of HR types been looking the other way for a long time.
Pass me some popcorn!
News broke today of the most senior legal officer at Google impregnating a subordinate paralegal about 10 years ago, and how they moved her to a different department. Nothing like HR working OT to brush this stuff aside.
America faces a future of leadership by women and effete men.
I can’t imagine how you are coming up with this.
But if by “effete men” you mean non-predators, then yes, great.
And what’s wrong with leadership by women, motherf-er?
^
And what’s wrong with leadership by women, motherf-er ??
I think Blue Skye just pooped 💩 his pants.
It was Professor Blowhard’s statement.
It’s consitant with BS qualifying of women. They need to meet a certain standard to get on the Boat but only for short periods of useful time. They are Chattel.
http://sacramento.cbslocal.com/2017/11/29/we-have-rapists-here-in-this-building-california-legislators-hear-horror-stories-of-broken-harassment-reporting-system/
Bocanegra: Democrat
Mendoza: Democrat
Granted, it’s not a surprise given the percentage of Democratic politicians in CA…but I hope the floodgates open and clean house of the dirtbags on both sides of the aisle.
“on the Boat but only for short periods of useful …”
Lots of nice folks have come aboard my boat and I can’t recall ever throwing any of them overboard. Every one treated like a welcome guest or crew. Yes, some lovers. Wonderful experiences are mutual, not abusive. I didn’t choose to be single after several decades, so please excuse a little wildness.
One can only wonder what horrible experiences you have had to view the world with the lens you do.
This story gets Wilder by the day…
https://www.washingtonpost.com/national/pelosis-daughter-california-lawmakers-enable-harassment/2017/11/30/541687a8-d5a6-11e7-9ad9-ca0619edfa05_story.html?utm_term=.385d9185a937
Davey you are at a disadvantage. Karen has a level head and I respect her opinions. You however are always looking for someone to kick, and I don’t respect that at all.
What F&$King BS that is coming from you. You post personal attacks Constantly. You can dish it. But can’t take it. Kind of like Trump.
Davey you need to take some settlemedown something. Sure I call you out when you say something silly or antisocial borderline personality disorder. Seems to happen alot. Capacity for abuse is rather a silly measure, don’t ya think?
Oh Trump. Well, may God bless his endeavors to lead this wonderful nation to a better place. This should be your prayer as well.
Sorry if this is a bad time of the month…
In low wage Fort Collins, where pay is even lower than in Denver.
We have bubbles in nearly everything.
The first to pop was the liberal/progressive big shot sexual predator bubble.
The next?
The over-paid criminal thug millionaire bubble.
God bless DJT.
++++++++
NFL Viewership Down 20 Percent, Could Cost League $920 Million In Telecast Profits
National Economics Editorial | Nov 5, 2017 | Editorial Staff
Colin Kaepernick’s anti-anthem antics have hurt the NFL big-time—the league lost roughly a million regular-season viewers last year, compared to the 2013 and 2014 seasons. In total, this was about a 6 percent drop in viewership.
But that’s nothing compared to this year’s carnage.
In the wake of the latest round of player protests (and President Trump’s twitter assault), viewership is in free-fall.
Forbes reports that this season’s television viewership is down by 3 million relative to the 2013 and 2014 seasons. And when accounting for the telecast’s average reach, and live ticket sales, the NFL’s viewership is down by over 4 million—a staggering 20 percent.
Some have tried to argue that the NFL’s decline is part of a broader trend: millennials and generation Z aren’t as interested in sports as are their parents and grandparents etc. This is true, but losing 20 percent viewership in the space of two years has nothing to do with broad trends—specifics matter. In this case, the anthem protests are squarely to blame.
All the excuses are BS. Trends don’t happen overnight like this. Up until 2015 the NFL was growing year over year. Then in 2016 the kneeling started and accelerated in 2017. And ratings are down 20-30% since that started.
Last year they laughably attributed the decline to the election and specifically to the debates. Because debates that took place in October affected viewership in September, November and December. LOL
And this year there are 1/2 empty stadiums every Sunday. The newest excuse: weather. Because 2017 is the first time ever when weather is nasty in places like Chicago and NY in November.
2018 is going to be a blood bath for the NFL.
I have many friends who are faithful year-after-year season ticket holders.
Not a one is going to buy their season tickets for 2018.
Many were on the fence for awhile. It is an EXPENSIVE hobby but was fun and social for a time. Most don’t even go to half the games but sell their tickets (legally). That helped a great deal to offset the costs. Some seasons, they even made a few bucks.
That ALL ended in 2017. Tickets are not selling. NFL games are no longer fun. It is now a drag to go to a game.
It is not as if they hate the NFL. They just don’t care anymore. And why spend lots of $ on something you really don’t care about anymore?
And when you are on the fence - even a little push decides it.
That’s kind of me as well. I wasn’t a die hard fan or anything, but I enjoyed being a fan.
Now that’s all gone. I just don’t care about it anymore. Even if the thugs all came out tomorrow and said we’re sorry, it would be a big meh for me. I stopped caring. I also realized that it took up a lot of time and effort. Every Sunday I had this sub conscious nervousness about making sure I was home for my team’s game and planning things around football. And stepping back from it now I realize what an idiotic thing to do for a football game. It’s kind of liberating now on Sundays not giving a shyte about any of it.
I have many friends who are faithful year-after-year season ticket holders.
Not a one is going to buy their season tickets for 2018.
I wonder how many Broncos fans will give up their season tickets? There is a huge waiting list for them, years long. I wonder how many on the waiting list will pass, especially since the Donkeys are having their worst season in decades.
Good riddance to football, and I am not one who is against any of the players taking a knee (rather, I support them and would take one too if I were on the field). But I do hate football, because of what it does to the brain (CTE). My non-scientific analysis of my patients indicate they fall in either the top or the bottom paragraph. Regardless, both sides are going away from the NFL. And that means college football will wane too. Basketball is ascending, and so is soccer. Football and baseball are on the decline.
Is This The End of the NFL?
Will Leitch
“A few weekends ago, at a seersucker-in-November southern horse-racing event I attended with some lovely and friendly people who will nevertheless be the first ones taken out when the revolution comes, a family friend, an older white man, asked me what I, the one sportswriter he knew, thought of the kneeling NFL players. I told him that while I stand for the anthem myself, I supported the players’ right to express themselves politically and encouraged him to worry less about the kneeling and more about what the players were trying to say. He snorted and said he was done with the NFL until “they stand their ass up.” We then drank some bourbon and found something else to talk about.
Later on, I spoke with another family friend, one with long hair and a big bushy beard and an anarchic spirit (he whispered “F– all these Trump people” to me with a winking smile). I had just returned from the World Series and told him in February I’d be heading to the Super Bowl. “I don’t know how you can watch that,” he said. “Just jingoistic military bullshit.” He asked me if I would let my sons play, or if I worried it would “smash their brains.” We then drank some more bourbon and found something else to talk about.”
http://nymag.com/daily/intelligencer/2017/11/leitch-is-this-the-end-of-the-nfl.html
This doesn’t dove-tail with those figures, but the product has become diluted and the market is saturated. The season and games are too long, and there are too many games on television. Do we really need Thursday night games?
That’s exactly right. It’s like what I said about media figures getting unloaded left and right, great excuse to get rid of the dead weight and trim the expensive personnel.
Likewise with the NFL. It’s over, and the take the knee thing gives them a good excuse why they bit the dust.
The football season isn’t too long. That would be basketball. Every playoff game lasts an entire week.
God bless President Donald J Trump. God bless The United States of America.
As for the protests, the league tried to split the baby by allowing players to protest the anthem but not broadcasting it. At least FOX Sports and ESPN turned on their cameras only at the kickoff. I notice that once the cameras were off, suddenly the protesting plummeted. Yep.
The protests may have been the trigger, the reason NFL suffers is the quality of the product on the field and the greedy owners/execs/players.
Are you freaking kidding me? I am gonna have to watch 3 hours of commercials for half an hour of action? No sorry bop! You are fired! Good bye!
Tax Cuts a done deal.
Get ready upper income residents of NY, CA, NJ and CT….it’s gonna hurt.
It is going to be great theater.
Democrats trying to protect the 1% and their amazing tax breaks.
Democrats trying to protect progressive/liberal sexual assaulters in congress, the senate, the news media and large campaign donors.
Democrats trying to import more and more muslims no matter how many attack and deaths they create in trying to impose sharia law.
So many other great memes…
‘Embattled Rep. John Conyers “sure as hell” will not be pressured into resigning, a lawyer for the 88-year-old Michigan congressman vowed Thursday, just an hour after House Minority Leader Nancy Pelosi said he should step down amid sexual harassment allegations.’
“Pelosi did not elect the congressman and she sure as hell will not pressure him to leave,” Conyers’ attorney Arnold Reed said. ‘
‘The attorney went on to allude to a perceived double standard, noting that Sen. Al Franken, who is the subject of mounting sexual harassment complaints, has not been the subject of similar calls from within the Democratic Party.’
“At the end of the day, I would suspect Pelosi would have to explain the difference between Franken and Conyers,” Reed said.’
http://www.foxnews.com/politics/2017/11/30/pelosi-calls-for-conyers-to-resign-amid-sexual-misconduct-allegations.html
I’m waiting for some good jokes to come out on the Prairie Home Companion guy.
It gets better every day.
The democrats are turning into the party of the “protect the 1% massive tax breaks” and “who is the bigger progressive sexual deviant.”
NONE of this would have ever happened under Hillary.
And now this…
+++++
Blackburn: We’re Going to Release Names of Congressmen Who Used ‘Hush Fund’
Townhall.com | November 30, 2017 | Cortney O’Brien
Americans were rightfully outraged when they learned that members of Congress had used taxpayer dollars to pay settlement claims to alleged victims of sexual harassment.
They were even more outraged when they saw the numbers. The secret payouts for harassment claims, of which there have been more than 200, amounted to more than $17 million. There’s no telling so far how much of that money went to silence sexual assault accusers.
Rep. Marsha Blackburn (R-TN) is seeking to release the names of lawmakers who used this “hush fund.” She’s a co-sponsor of the Congressional Accountability and Hush Fund Elimination Act, which would require full disclosure of the settlements within 30 days.
Using taxpayer dollars to settle sexual harassment claims against members of Congress is disgusting. We’re going to release the names of those who used this hush fund, and these individuals will pay this money back to the American people with interest.
“Like most of my colleagues, I was completely disgusted to find out about this,” Blackburn said.
“These have been personal bailouts,” she added. “Let’s end this.”
It’s a bipartisan effort, with Rep. Tulsi Gubbard (D-HI) one of the Democrats on board.
Let’s get some resignations and impeachments going. Dem and repuke.
Reimbursing the $17MM is a good start. How about the government legal services they used (without cost to the politicians)?
https://www.hollywoodreporter.com/news/street-artist-targets-al-franken-altered-greatest-showman-billboard-1062925
‘The original photo of Franken, his hands stretched out as if to grab at Tweeden as she slept, was taken when the two were on a USO tour in the Middle East in 2006. Tweeden made the picture public on Nov. 16. Since then, other women have accused the senator of misconduct. On Thursday, U.S. Army veteran Stephanie Kemplin came forward, saying he grabbed her breast while posing for a photo with her during a USO tour in Iraq in 2003.’
‘Also Thursday, Jezebel, a Gawker Media website, reported that a former elected official in New England claims Franken tried to force “a wet, open-mouthed kiss” on her in 2006. Earlier, a woman said Franken grabbed her butt as he posed for a photo with her at the Minnesota State Fair in 2010, and two more accused him of similar incidents in 2007 and 2008.’
Jezebel…website.
The name of the website is kinda ironic.
Icon. Icon in harassing?
The Pelosi family women seem to be leading the charge to drum sexual harassers out of high office.
Only because it’s seen as politically popular.
N. Pelosi’s first impulse was to defend those on her side of the aisle (as she did Clinton so many years ago).
The political backlash caused her to re-think her position, and now she’s calling for Conyer’s ouster.
She was a champion for the Democratic party first and women second until it was politically expedient to flip those priorities.
Democrats trying to protect the 1% and their amazing tax breaks.
I’m in CA…I overheard someone on an airplane effectively say “Do you think California will reduce our taxes to take account for the fact that we can’t deduct them anymore?”
I laughed out loud…but don’t think she heard me (she was one row in front of me).
One thing is for certain if the SALT deduction is eliminated–residents of CA (or any other high tax state) won’t be so quick to raise taxes–since the federal government is no longer footing a part of the bill.
“One thing is for certain if the SALT deduction is eliminated–residents of CA (or any other high tax state) won’t be so quick to raise taxes–since the federal government is no longer footing a part of the bill.”
I wouldn’t bet on that. Democrats are a 1 trick pony, tax, spend, spend, tax. It’s all they know.
Much worse than Borrow and Spend?
It’s easier for a Hollywood mogul to fund a “raise taxes” campaign if they only need to pay $0.60 on every $1 they have to pay additionally than if they need to pay the entire dollar.
I’m not saying they won’t push to raise taxes. I’m just saying they’ll do so less than they would WITH the SALT deduction staying in place.
Republicans elect Alabama pedophile. News at eleven.
Perfect man for the cesspool that is DC.
Thought dems love pedos, their leaders - biden, podesta, et al are big into it, and they love their muslim voters which are devotees of a pedo.
https://www.someecards.com/news/politics/joe-biden-creepy-photos-women-twitter-conservatives/
If McCain supports it, I am pretty sure it’s a bad deal for most of us.
“Uber’s crisis deepens with record quarterly loss”
https://arstechnica.com/cars/2017/11/ubers-crisis-deepens-with-record-quarterly-loss
A disatrous money losing company no different than Airbnb crApple, scAmazon, freakbook, etc
LOL @ 24,000 Volvos.
AirBnB is a massive cash cow, so is Apple, and Facebook. Amazon, on the other hand, has massive revenue and very slim profit margins. Uber is more like Amazon, but AirBnB, Apple, and Facebook are worlds apart.
Incorrect. They’re all money losing operations.
Not worlds apart. More like a creek apart at best.
“‘It is a problem that is statewide,’ he said. Delaware has been slower to rid itself of a large proportion of bank-owned homes, said Plummer, who also is a practicing real estate broker for Coldwell Banker in Rehoboth Beach. ‘For some reason, the problem is lingering in Delaware more than I expected,’ he said. ‘We have $800,000 homes that are in foreclosure at the beach.’”
———————————–
Rehoboth Beach is where I plan on retiring with my wife, and hopefully we’ll be buyers up there in several years. The problem with most beach towns like this are the massive HOA fees that come with the condos or townhomes - anywhere from $800 to $1400 a month. Get the HOAs in check and people will buy.
As far as I can remember.
Delaware has pretty reasonable property taxes and no sales taxes.
Taxes were once reasonable in California.
Things change.
Demonrats?
check out S of Willmington -Southport,nc
How could democrats oppose this?
What happened to all that rich need to pay their fair share cr@p they spew every four years?
“an individual making a yearly salary of $1,000,000 — a figure not uncommon in the financial industry — would owe the Internal Revenue Service an additional $21,000″
Tax-Hike Fears Trigger Talk of Exodus From Manhattan and Greenwich
By Simone Foxman , Patrick Clark , and Sridhar Natarajan
November 27, 2017, 6:00 AM EST
The problem for the Connecticut hedge-fund set — and, more broadly, for a lot of the Wall Street crowd — is that Republican proposals in both the House and Senate would drive up taxes for many high-earners in the New York City area. By eliminating the deduction for most state and local taxes, an individual making a yearly salary of $1,000,000 — a figure not uncommon in the financial industry — would owe the Internal Revenue Service an additional $21,000, according to a preliminary analysis by accounting firm Marcum LLP.
https://www.bloomberg.com/news/articles/2017-11-27/in-greenwich-and-manhattan-tax-hike-fears-fuel-talk-of-exodus
They oppose it because the Federal government will no longer subsidize the spending habits of blue states.
I have yet to hear a good reason why the SALT deduction should exist in the first place.
Or the mortgage deduction.
At least there IS an argument for the MID–that owners care for property more than renters, and so there is a rationale for wanting more, not fewer owners.
However, I (and many others) don’t think that argument is strong enough to overcome the market distortions that the MID causes, or the high levels of debt that it encourages.
or the high levels of debt that it encourages
Mr. B says that’s a feature, not a bug. And all the politicians seem to agree with whatever he thinks.
Aside from debt, most economists will say that the MID does almost nothing to raise home ownership levels. The realators use this as a talking point, but the reality is that it has no net effect. If anything, it may actually discourage home ownership by inflating prices such that the marginal home purchaser may instead choose to rent.
Bette Midler Demands Apology From Geraldo Rivera, Says He Drugged and ‘Groped Me’
https://www.msn.com/en-us/movies/celebrity/bette-midler-demands-apology-from-geraldo-rivera-says-he-drugged-and-%E2%80%98groped-me%E2%80%99/ar-BBFYOcV
“Bette Midler is demanding an apology from Fox News contributor Geraldo Rivera after video re-surfaced of the veteran singer and actress telling Barbara Walters in 1991 that Rivera and a producer “groped” and drugged her in a bathroom in the 1970s.”
Are these the kind of “non-effete men” we are wanting leadership from?
If you are a man who has abused women, you should be very afraid right now.
These non-effete leadership-quality alpha males are everywhere:
Beastie Boys’ Adam Horovitz believes sexual misconduct allegations about his father
https://pagesix.com/2017/11/30/beastie-boys-adam-horovitz-believes-sexual-misconduct-allegations-about-his-father/?_ga=2.130164111.1869883997.1512079874-2059567398.1498773275
“Maia Ermansons, 21 when her experience occurred last year, detailed her story online, claiming he “pulled me onto his lap and licked my lips and tried sticking his tongue in my mouth several times.”
He allegedly told her, “No great woman has ever become great by being a good girl.” Israel left her a voicemail a few months later, apologizing for the “terrible, terrible misunderstanding.” She saved it.
The Gloucester theater cut ties with Horovitz last week after learning of Ermansons’ allegations.
“I apologize to the brave women who came forward in 1992 and 1993 but were not listened to,” Elizabeth Neumeier, the Gloucester board’s current president, also said in a statement. “We are individually and collectively appalled by the allegations, both old and new.”
If you are a man who has abused women, I want you to imagine that you are about to lose everything you love, and watch your whole life’s work crumble away, and for everyone you know to publicly shun you.
Theyre everywhere in the (((tribe))). Whats the percentage now, maybe 80-90% are synagogue of satan members? I know its hard to swallow this red pill, but there’s a reason the tribe owns all the media and its to cover up their history of crimes. Movies, tv, radio, print, its why they control all of that plus social media and censor anyone who steps out of line.
and for everyone you know to publicly shun you ??
Unless your a Alabama voter
Or a Clinton voter. Or a Trump voter.
“These non-effete leadership-quality alpha males are everywhere:”
I think you have a misunderstanding regarding alpha males. These groping, assaulting, types are weak, power emboldened wusses. They have no strength. They stand for nothing. They’re enabled to bully and abuse by the power structure around them. Without that they are nothing. An alpha male would take one of those guys apart in seconds.
Geraldo says women may be “criminalizing courtship”: https://www.cbsnews.com/news/geraldo-rivera-women-may-be-criminalizing-courtship-after-matt-lauer-report/
Now, I don’t know what kinda courtship Geraldo is involved with, but the state probably frowns on it.
The courted probably also frown on it.
My wife has had to deal with harassment issues as an in-house attorney with a fair number of people (dealing with HR, making sure people know what was appropriate, not OK, etc.). And she was always amazed at the cluelessness of some of the tech folks and the sensitivity of some of the younger folks. For instance, the older folks not understanding that the simple act of asking for a dance at an offsite party with a female subordinate may be considered awkward for the subordinate.
It certainly doesn’t rise to the level of pulling down your pants in your office, but depending on who was asked, it may make them feel awkward and that they can’t say “no”.
In any event, she thought the sexual harassment training people are loving all this. In addition to probably being booked out for the rest of their lives for training, they have a huge number of new examples of inappropriate behavior:
“Motorboating” someone at a party? Not OK.
Answering the door to your office in your underwear? Not OK.
Giving the gift of a sex toy with lewd note? Really not OK.
Locking a subordinate in your office and showing them your junk? Most definitely not OK.
Boy did that “effete” comment touch a nerve… almost like what happens in California if you suggest there’s a pro-female bias in hiring or college admissions…
No explanation needed……..
https://nypost.com/2017/11/29/300-year-old-note-found-inside-butt-of-jesus-statue/
Any you worried about the bimbo eruptions in Trumps’ Amerikka? Especially, If you happen to be a left leaning white man?
Who is buying stocks at this grossly overpriced market level? Worse, who is buying Bitcoin?
Bots. But people are behind them.
Who is buying stocks at this grossly overpriced market ??
Get on the Trump-Train to Hell.
Stocks go up under Obama = Heaven!
Stocks go up under Trump = Hell!
We know where you going and it does not end in ven.
I finally opened my account at coinbase…no wonder bitcoins having a horrible day. No purchase yet.
No purchase yet ??
Why not ? Get on the train dude. It’s all good. MAGA
It’s a great time to buy bitcoin!
Is it the mass purge of the white men from position of power? Are white women behind it?
Stop with anxiety! There’s economic opportunity in this. Start a chaperone business.
Are suggesting that Congressmen should have to pay good money for their dalliances?
Beats the heck out of us paying for it, yes?
It does seem very discriminatory that only men have been accused of sexual harassment. Can you imagine the charges of sexism if similarly grave charges singled out women?
http://www.nbc.com/saturday-night-live/video/fatal-attraction/n9765?snl=1
palmetto
Retraction and apology to Chickahominy.
He’s a tree trimmer from Armstrong Court what else did you expect?
As long as it’s not Pemberwick.
All kidding aside, did you read his “apology”? All these guys with the “I’m sorry if I made people uncomfortable, but I really don’t think it was all that bad and frankly most of it is untrue.”
Really, Matt? I’d say banging some gal until she passes out is pretty gross. And criminal, I might add.
Much as I dislike Al Franken, it seems to me that what he did was tasteless and sophomoric at worst and really doesn’t rise to the level of evil perpetrated by Conyers, Weinstein, Lauer and some others, and that’s what I object to in all of this, conflating the trivial with the truly evil.
‘conflating the trivial with the truly evil’
Franken’s MO was grabbing a butt while he was having a photo taken, in one case by the husband of the victim. You have to be a sick dog to get off on that.
True, but you’ll forgive me if I’m just a tad more disturbed by Uncle Joe pawing little girls. And even more disturbed that the parents didn’t speak up, right on the spot. But there they are, nervously smiling and pretending nothing’s wrong.
My 89 yo mom said, “I never cared much for Matt Lauer, and now I understand why.”
Pemberwick Rocks!
The case of Joe Biden, whose behavior is well documented, is particularly vile. Because he’s using children to demonstrate his power to the parents. It’s a not-so-subtle challenge. “Yeah, I’m groping your daughter. Right in your face! Wanna call me out on it? You don’t have the guts.”
He’s exercising a form of Droit de Seigneur.
https://en.wikipedia.org/wiki/Droit_du_seigneur
Ewww. First I’d heard of anything like that was when I read something about Dodi’s father making some kind of joke about that to Diana before her death implying he should get his chance before his son married her.
It’s a not-so-subtle challenge. “Yeah, I’m groping your daughter. Right in your face! Wanna call me out on it? You don’t have the guts.”
Modern elites have variations on this, daily generating other not-so-subtle challenges. “Yeah, I’m spitting in your face. Wanna call me out on it? You don’t have the smarts / guts /etc.” The smirk on their face is the “tell”.
Nowadays Glenn Close’s character wouldn’t need to use a knife. She would be able to merely drop a hint to the local media outlet that she had been sexually harassed, and her former lover would be summarily tarred and feathered.
P.S. When the woman I took to see that movie sympathized with Glenn Close’s character, I knew it was time to move on…
That would make a great skit, the conversation after the movie, LOL!
“P.S. When the woman I took to see that movie sympathized with Glenn Close’s character, I knew it was time to move on…”
LOL… Danger, Will Robinson!
“…the conversation after the movie,…”
It was one of the most unpleasant, unforgettable dating experiences of my youth.
This one tops Fatal Attraction. Crazy woman says, “When you sleep with someone your body makes a promise whether you do or not.”
“The Car Crash - Vanilla Sky”
https://www.youtube.com/watch?v=7xohWvO9i4c
Good find and yes, it does top Fatal Attraction.
It is kind of an interesting concept now that science has shown that a woman who has unprotected sex carries a bit of that man’s DNA in some of her cells for the rest of her life. Perhaps there’s a bit of truth to it from the woman’s point of view.
Science has also shown that mothers carry entire intact cells of their children, scattered in locations throughout their bodies, for the rest of their lives. Siblings tend to carry cells of their older siblings by the same method. Wikipedia mentions that children also carry some of mother’s intact cells for the rest of their lives.
The alpha male purge is color blind.
http://www.rap-up.com/2017/11/30/russell-simmons-steps-down-following-sexual-assault-allegations/
Waller, WA Housing Prices Crater 10% YOY
https://www.zillow.com/waller-wa/home-values/
*Select price from dropdown menu on first chart
My early morning pre-coffee bitch of the day …
Here’s an article that complains about the ongoing shift of “gatekeepers” of the news.
Q. Why should there be gatekeepers of the news in the first place and who is it that decides who these gatekeepers should be?
http://thehill.com/opinion/campaign/362591-google-facebook-and-drudge-what-the-new-titans-of-media-mean-for-america
I haven’t heard of Brin, Page or Zuckerberg paying a reporter to leap over the side of the San Francisco ferry boat yet.
As they become increasingly influential gatekeepers, we should question whether these digital powers can be trusted to exercise their role in a balanced manner.
Like we could trust the old gatekeepers. None can be trusted.
Bottom line, technology used to be expensive. Those who could afford it automatically became gatekeepers. For the moment, the technology and access to an audience has become cheaply accessible means there are no automatic gatekeepers. That may be changing again but the last 10 years have been a good time for getting alternative viewpoints out there.
It also means that any ridiculous crank and conspiracy theorist can spew their garbage to all ends of the earth.
Sure. But that freedom for all sides to spew is what the country was built on.
The fact that the cost of a printing press kind of kept a lid on it back in the day (just like the cost of land to become a voter also kept a lid on some other kinds of populism) is something we should probably ignore now or face head on rather than pretending we want everyone’s opinion/vote when actually we don’t.
I’m all for freedom of the press and a myriad of opinions, but the avalanche of disinformation and blatantly fabricated stuff out there has the net effect of creating a tsunami of noise. The average joe can’t distinguish what’s accurate. Then they start falling into the rabbit hole of conspiracy theorists and assume that there is a bogeyman out to get them and that MSM is fleecing them and the only one they can trust to tell them the truth is the Twitter-in-chief.
The founders of this country didn’t have anything like the internet and the repercussions of having a completely open platform where terrorists can post recruiting videos and reach far and wide has profound implications. People can choose their facts and go follow totally bogus information.
We need some ways for people to allow blatantly fabricated stuff to be checked, otherwise we have crackpots showing up at pizza joints with assault rifles looking to liberate underage sex slaves.
Yeah, and a lot of fabrications and distortions come from the supposed gatekeepers
the avalanche of disinformation and blatantly fabricated stuff out there has the net effect of creating a tsunami of noise. The average joe can’t distinguish what’s accurate.
True. It might still be preferable to being successfully misled by a respected press with no competing voices. The good old days of everybody only having 3 choices that said very similar things weren’t always so good.
the avalanche of disinformation and blatantly fabricated stuff out there has the net effect of creating a tsunami of noise. The average joe can’t distinguish what’s accurate.
I agree with the tsunami of noise. It’s an essential part of modern media. The average joe has been a problem since Cain killed Abel, nothing new about that.
We need some ways for people to allow blatantly fabricated stuff to be checked Appoint a dictator and supply him with minions, that ought to do the trick.
The disdain that DJT has towards the media is chilling. His penchant for wanting to silence anything that doesn’t portray him in a flattering light reeks of dictatorship. His minions of followers that refuse to believe anything other than what he tweets should be alarming. I think there are quite a few things that DJT has done that are laudable, but he needs to be called out for the fact that he is undermining freedom of the press.
If anyone has an issue with anything that is published, regardless of source, critique the content, not the messenger. This blanket generalization of “MSM is _____” is what is dangerous. An educated populace is required for democracy to work.
An educated populace is required for democracy to work.
Then we are doomed.
Sometimes over confident and highly educated people make major mistakes. During WWII the Nazis worked on mass production of nerve gas in case the Allies would use it too. They knew that the essential info on nerve gas had already been written up in scientific journals and patent applications prior to WWII. They “assumed” that the Allies had applied the same publicly available knowledge - which the Allies hadn’t done. Fortunately the Nazis never dared to use their overwhelming superiority in nerve gas on the battlefields of WWII.
When I think of the WWII and Nazis, I think of the threshold model of collective behavior. It basically states that there are norms of conduct that civilized people will not transgress unless a certain % of the population engages in them in a way that normalizes such behavior. It’s a little bit along the lines of the old story about the way to boil a frog is to turn up the temperature gradually in such a way that each individual increase is hardly perceptible (I’ve never tried to boil a frog, but apparently this doesn’t actually work–still, the analogy is a good one). Normalizing slurs, violence, ignorance, and alternative facts can be very dangerous.
Universities are considering revoking honorary degrees awarded to prominent men accused of sexual misconduct.
“Accused”, accused of sexual misconduct. So much for the concept of the presumption of innocence.
https://www.apnews.com/b768b829fc714f8eb57b6105c3d62c03
This just in:
Michael Flynn Charged With Lying To FBI, Set To Plead Guilty
http://www.zerohedge.com/news/2017-12-01/michael-flynn-plead-guilty-making-false-statements
Your tax dollars at work. Flynn’s propensity for prevarication was already known to Trump and was called to his attention by none other than Michael Pence. THAT is why Flynn was “let go” from the administration in the first place. HELLO? HELLO?
OMG, Flynn LIED to the FBI, a pack of lying liars themselves. For this they spent millions of taxpayer dollars, to dig up another Martha Stuart.
Yeah, and a lot of fabrications and distortions come from the supposed gatekeepers.
Okay, go ahead, show me these fabrications and distortions from NYT, WaPo, WSJ, USA Today, or the LA Times.
This is what I woke up and read this morning:
Debt Concerns, Once a Core Republican Tenet, Take a Back Seat to Tax Cuts
WASHINGTON — In 2009, almost every Republican in Congress opposed a $787 billion stimulus plan in the midst of an economic crisis because they said it would cause a dangerous increase in the federal debt.
“Yesterday the Senate cast one of the most expensive votes in history,” Senator Mitch McConnell, the minority leader, said at the time. “Americans are wondering how we’re going to pay for all this.”
Nine years later, during one of the longest economic expansions in American history, almost every Republican in Congress — including Mr. McConnell, now the majority leader — has voted for a tax plan that is projected to cause an even larger increase in the federal debt.
https://www.nytimes.com/2017/12/01/us/politics/tax-cuts-deficit-debt.html?google_editors_picks=true&_r=0
You may be for or against the new tax cuts, but it’s no conspiracy of MSM that they will increase the national debt. No economist from the left or the right thinks that dynamic growth is going to come anywhere close enough to pay for these tax cuts.