A Mass Exodus Appears To Be Expanding The Glut
A report from CBC News in Canada. “Before oil prices tanked in 2014, Fort McMurray was a notoriously hot housing market. Realtor Lance Bussieres could barely keep a house on the market for a couple of hours before getting several offers. ‘It was very busy,” Bussieres, co-owner of ReMax Fort McMurray, said. ‘There were times where you would list a house and you would have two or three offers — if not that evening, the next day. People were literally leaving the house and writing offers in the driveway.’”
“Michael Mack has had a ‘for sale’ sign in the window of his three-bedroom trailer in the Fort McMurray subdivision of Waterways for about three weeks. He wasn’t happy when one realtor asked him and his wife to list their home for around $200,000. They bought it for about $370,000 in 2013 and were hoping to at least match that. ‘We’ve had two calls. Nothing serious,’ Mack said. ‘It would be nice to break even.’”
From Business in Vancouver in Canada. “It sounds like an unfathomable statistic within the realm of Lower Mainland real estate. The average single-family detached home in the Fraser Valley is now sitting on the market for more than a month before being sold. Long seen as an affordable alternative to Vancouver’s astronomically high prices for homes, the Fraser Valley housing market now seems out of reach for the average buyer as well. Anne McMullin, CEO of Vancouver-based non-profit Urban Development Institute, said she’s not surprised by the cooling of the market for single-family homes in the Fraser Valley because it’s also happening all over the Lower Mainland.”
“‘People want to blame everything else, but the housing market is still a local market,’ she said. ‘When you start to get over a million dollars [for a property] in the Fraser Valley, there’s very few people that can afford that.’”
“McMullin said the Fraser Valley appears to have hit its ‘threshold’ of how much people are willing to pay for a single-family home in the area. ‘You might say that on the North Shore [of Vancouver], that threshold is about $2 [million] or $2.5 million. And on the west side it’s about $3.5 million, and sure you’ll get a $16 million home sold every once in a while, but they don’t go much more than that.’”
“A mass exodus of gen-Xers and baby boomers appears to be expanding the glut of single-family homes for sale across the Lower Mainland, which could also signal some troubling financial trends on the horizon. According to a report titled The Future of B.C. Housing by Resonance Consultancy, 34% of Metro Vancouverites plan to sell their homes and downsize within the next five years. The report found that 60% of those surveyed also plan on using the sale of their houses to fund their retirements.”
From Domain News in Australia. “Sydney homeowners are losing confidence in the auction market, with the proportion of sellers withdrawing their properties from auction surging in November. Last month one in six sellers got cold feet and called off their auction – almost twice the rate of apprehensive homeowners during the same time last year. It’s the most deflated homeowners have been in at least three years.”
“Clearance rates have also been in decline over the year, with just over half of homes selling at auction in November – the lowest in two years, excluding January, which normally has a low volume of sales. It was 73 per cent during the same period last year, according to Domain Group data. AMP Capital chief economist Shane Oliver said buyers no longer had a ‘fear of missing out,’ which had been a big driver of the auction market.”
“‘I think the sentiment around the property market is a lot weaker than it was two years ago,’ he said. ‘Buyers can afford to take their time, they can be more considered about what they’re buying.’ Mr Oliver said low clearance rates also showed that APRA measures to slow the investor market were ’starting to bite.’”
From News.com.au in Australia. “Next year’s banking royal commission could push the already slowing Sydney real estate market into a deeper spiral. Experts warn the inquiry, announced by Prime Minister Malcolm Turnbull would encourage banks to be even more cautious with their lending policies. Adding to the downward pressure on prices, the restrictive lending environment comes as developers are releasing a load of new properties on to the market.”
“AMP Capital economist Shane Oliver said the combination of rising supply and falling demand would push Sydney property prices down by an average of about 5 per cent over 2018. ‘Banks are already under a lot of pressure from regulators to reign in their lending, especially to investors, and the commission will encourage some banks to be even stricter,’ Mr Oliver said. ‘The risk is that the further tightening associated with the commission would accentuate the slowdown already under way.’”
“BIS Oxford Economics analyst Angie Zigomanis said banks’ lending policies to investors would have the most critical impact as investors accounted for nearly 60 per cent of Sydney homes purchased in 2016. Mr Zigomanis said investors triggered both the recent price boom and the slowdown that followed. ‘The market began to change when investors could no longer get interest-only loans,’ he said.”
“Research from investment bank UBS confirmed buyers were growing increasingly wary of the housing market. ‘The proportion of respondents saying that the ‘wisest place for saving’ is in ‘real estate’ has collapsed to a record low,’ the bank said in a note.”
Two attacks in NYC in less than 2 months:
https://nypost.com/2017/12/11/explosion-reported-at-port-authority-bus-terminal/
B-b-b-b-but Drumpf retweeted some meanie badthink tweets
It is just life in a big city…
Bombings and car terrorism but a certain group that cannot be named.
Hey, didn’t we use to have two large towers there too?
Its the new normal people have to get used to in london, just like fires on the west coast as we are told by our betters. I just left SB/LA yesterday, ash everywhere like its was a light snow storm and fires coming down the hills above Carpinteria. The air quality is abysmal and everyone has respiratory problems. Eyes burn, sore throat, headache from the <10% humidity, lots of people coughing and having problems breathing.
Too many people live in a desert. Not just so cal, but the entire southwest. There is not enough water. Go down to baja, see the little villages. Thats max capacity, and they dont have lawns and rose gardens and water features. Society has painted itself into a corner with its fantasy/fascination with having it sunny everyday. Yeah, you can have sun everyday, but its called a desert and water is necessary to sustain life, people!
Just heard the quote from Gov Cuomo to report anything that doesnt make sense. Who do I call about an insane sanctuary state/city policy that lets these scum in?
I wholeheartedly agree with you regarding the desert and water scenario. In my area, we are debating a massive Lake Powell Pipeline project and figuring out how to get water to this small corner of a fast growing state; it’s a mess.
Some houses do pretty good at the desert-scaping, but it always baffles me when people decide they want these huge yards with lush green grass in the middle of the desert. The water use rates are too low here and it allows people to try to pretend they don’t live in a desert.
The water use rates are too low here and it allows people to try to pretend they don’t live in a desert.
Actually I think they want to live in a desert. They want the low humidity and less bugs and blue skies. They just also want a nice lawn. And like you said, if water is cheap, why not?
“The water use rates are too low here”.
If you live in Washington County, SoUtah your water rates aren’t that cheap. Check out your property tax bill.
See that WCWCD line item on it for $150.00-$300.00 dollars? That’s the Washington County Water Conservancy fee that nobody seems to notice.
Add that to your monthly rate and you’ll see the true amount that you are paying each year for culinary water.
Ron Thompson (WCWCD} has much power with the Utah legislature. However, when it comes to the water rights of California, Nevada and Arizona he’s a nobody.
Lake Mead is going dry and the water in Lake Powell (which is now too dry to release the full legally mandated 10% water amount to Lake Mead each year) is too important to send to Utah.
This idea has been around a long time. However, it now seems to be picking up momentem:
http://fox13now.com/2017/06/02/nevada-legislature-takes-serious-look-at-tearing-down-glen-canyon-dam/
Another thing, If you’re living in St George your water system was so low this summer that your water tanks couldn’t keep up with the demand.
If you’re living in St George your water system was so low this summer that your water tanks couldn’t keep up with the demand.
This is why water use rates are too low. The economics aren’t painful enough yet to curtail demand. Public parks and green spaces are fine, but way too many homes here have lawns. We could probably use quite a few fewer golf courses too. This is still a desert after all.
I’ve said this before, but what I find REALLY FASCINATING is how these “lone wolf” jihadists (with the exception of that Nidal Hassan guy or whatever his name is) NEVER seem to bomb government offices, or banks, or Wall Street, or the leafy, wealthy suburbs, they never attack people in the upper echelons of goobermint, or the police brass, or captains of fake industry, or go after their kids, etc.
Y’know, you’d almost think they’re being deliberately radicalized by the spooks at the NSAFBICIA and turned loose on the genpop. You’d almost think that. And you’d almost think this is being done with the tacit consent of the turds on Capitol Hill. You’d almost think that.
Cowards go after soft targets.
Yes, there’s that.
Read this very same comment last week on a different message board - why dont they take down Monaco during the grand prix or similar? I think we know (((who))) is directing and paying them. How many times did the Federal Bureau of Matters provide the materials to someone so they could arrest them before they got a chance to carry out their plans, and how many times did they fail? What the hell happened in Vegas, Orlando, San Bernadino? Dare I go back to 9/11 and the OKC bombing? Each time everyone was shocked, but in retrospect theres a lot that doesnt add up.
Much seems designed to manipulate the sheeple to adopt a police state.
It’s what blue said: soft targets. This guy probably couldn’t get his bomb into a Ren Faire, much less a Grad Price.
Those Saudi checks to our congress critters come with strict guidelines as to who those who are preferred victims and also dictate those who are unprosecutable (or patsies.)
Epic fail: Guy’s life was so miserable that he wanted to die and to take out others with him, and so inept that he mainly succeded in only injuring himself.
Saint Helens, OR Housing Prices Crater 5% YOY
https://www.movoto.com/saint-helens-or/market-trends/
Of course it “cratered.” What else would you expect in Saint Helens?
Joke understood, but still, in the wrong state!
Also, there’s Rainier, Or Lol. I believe you can see both mountains from the respective towns.
OMG, I may blow my top!
DebtDonkey
Alameda, CA Housing Prices Crater 11% YOY
https://www.movoto.com/alameda-ca/market-trends/
And speaking of terrorists, here a puff piece about Antifa:
https://m.huffpost.com/us/entry/us_59e13ae9e4b03a7be580ce6f?ncid=inblnkushpmg00000009
7:55 - 11:05 of the Memorial service for Kate Steinle yesterday in Austin Texas shows the kind hearted left as you will not see them portrayed by Huffpo or any in the MSM.
https://www.youtube.com/watch?v=rkIsa8QPhuI
This happened yesterday, faces covered threatening with semi auto rifles at a public place?
Why isn’t this on the National news?
Why aren’t they arrested?
Because they are in a college town?
If this keeps up it could get really ugly.
I have a secret ally on this jobsite, someone wrote “F*CK ANTIFA” in one of the crappers.
In all seriousness though, yes, they are violent marxist trash, a narrative that the MSM and their SPLC overlords conveniently ignore.
‘A mass exodus of gen-Xers and baby boomers appears to be expanding the glut of single-family homes for sale across the Lower Mainland, which could also signal some troubling financial trends on the horizon. .. 60% of those surveyed also plan on using the sale of their houses to fund their retirements’
Isn’t it interesting how round the round world these shortages keep turning into gluts? It’s almost like there never was a shortage but just a bunch of boosterism-hot-air from people trying to take your money.
Anyway. So thousands, maybe millions of people in Canada won’t be retiring. Maybe in the US too. We need somebody to collect shopping carts in the parking lots. Right Janet? I suppose it won’t be you though.
Yep. What are the odds that every single real estate market in the world could simultaneously experience a shortage of housing? If it smells like a rat…
Just like the last peak, all of these people were counting their chickens based upon fantasy values. They were already mentally spending those delicious profits. They were also taking on more and more auto and credit card debt because they looked at their equity and thought “I can easily afford this stuff.” This won’t end well for them, but unfortunately it appears the taxpayer will be on the hook yet again.
Where are these Gen X fleeing to? They have to live somewhere. They can’t all be buying second homes.
DebtDonkey
Bremerton, WA Housing Prices Crater 19% YOY
https://www.movoto.com/bremerton-wa/market-trends/
“He wasn’t happy when one realtor asked him and his wife to list their home for around $200,000. They bought it for about $370,000 in 2013 and were hoping to at least match that. ‘We’ve had two calls. Nothing serious,’ Mack said. ‘It would be nice to break even.’”
I’m certain the realtor who initially sold him the place amply warned him that prices might eventually return to normalcy after having rocketed up into the stratosphere.
‘It would be nice to break even.’”
A rapidly depreciating asset like a house isn’t something one “breaks even” on. A house is no different than a car or other manufactured items.
‘They bought it for about $370,000 in 2013′
It’s a mobile shack. Nice FB photo though. Did you write the offer on the hood of your Subaru?
Yeah, this guy bought a trailer for $370,000. I don’t feel sorry for him one bit. He’s responsible for prices getting so high. If there were not imbeciles like him bidding, prices couldn’t escalate.
No different than a house. Just doesn’t have $20k worth of foundation walls under it.
Of course, he didn’t have that much money, so he borrowed it. Funny how prices go up just because a loan is available. I wonder if that happens anywhere else?
“No different than a house. Just doesn’t have $20k worth of foundation walls under it.”
Much different than a house around here. 2″x2″ walls instead of 2″x6″ which results in much thinner insulation and a higher cost of heating/cooling, light ibeam trailer floor structure rather than solid wood beams which leads to floor flex, single pane aluminum windows which allow cold air to permeate almost unabated…lots of really undesirable qualities in trailers.
I hope the loan is full recourse, and the lender chases this greatest fool and the millions of similar fools throughout the world to bankruptcy court or their graves to collect on the deficiency judgments.
Remember there hasn’t been a single bank failure in Canada this century so when their real estate ponzi finally implodes, their whole banking system will be vaporized overnight.
SWEEEEEEEEEEEEEEEEEEEEEEEEEEEEET!
“Much different than a house around here.”
That’s a travel trailer, not shop a built code compliant single or double wide.
What’s the difference between a travel trailer and a single-wide? Are shop-built single-wides meant to be moved only once and then set on a foundation, like a pre-fab? Or are they all meant to travel multiple times?
FYI, one of the advantages of a Tiny House On Wheels (THOW)
is that it’s much better built than a trailer, so they say. Well, probably, but IMO THOWs aren’t worth the money. On the other hand, I do like the park model Tiny Houses.
DebtDonkey
Bethesda, MD Housing Prices Crater 7% YOY
https://www.movoto.com/bethesda-md/market-trends/
I thought you could buy a brand new double wide for 100K or even less. Shy were people in Ft McMurray paying $400K? Was a lot in the trailer going for 300K? And if so, why? Was there an artificial lot shortage, created to make a few people very rich?
Ft McMurray…Google Earth it and you’ll get the picture.
“Funny how prices go up just because a loan is available. I wonder if that happens anywhere else?”
Do other countries’ governments hand out subprime loans like candy, the way that Phony and Fraudie do?
“Bethesda, MD Housing Prices Crater 7% YOY”
We visited relatives there in Spring 2016. It was obvious at a glance that they were in epic bubble mode, with a crash soon to come.
“It’s a mobile shack. Nice FB photo though. Did you write the offer on the hood of your Subaru?”
Ha! Of course they did. The 5 minute drive back to the office could have incited a bidding war.
Realtors are liars.
I love stories like this.
“Couldya at least gimme what I paid?”
Filed under: When there is no greater fool…
Susanne research this and said it was good!
https://www.youtube.com/watch?v=20n-cD8ERgs
Looks like Stalag 13
The camp, Lager Hammelburg, is still there
https://www.uncommon-travel-germany.com/stalag-13.html
oilsands ?
Bussieres said higher housing sales suggest there’s still interest in Fort McMurray and people still want to move to the oilsands capital.
http://www.cbc.ca/news/canada/edmonton/fort-mcmurray-home-prices-sales-1.4434782
“‘People want to blame everything else, but the housing market is still a local market,’ she said. ‘When you start to get over a million dollars [for a property] in the Fraser Valley, there’s very few people that can afford that.’”
What happened to all the wealthy all-cash Chinese investors, who drove Vancouver housing prices up to unprecedented heights?
“Research from investment bank UBS confirmed buyers were growing increasingly wary of the housing market. ‘The proportion of respondents saying that the ‘wisest place for saving’ is in ‘real estate’ has collapsed to a record low,’ the bank said in a note.”
I can’t wait for the day when Californians collectively reach the same from conclusion about their real estate investing folly. (We almost got there in the post-2009 episode, before the Fed executed its housing price reflation scheme.)
Grapevine, TX Housing Prices Crater 6% YOY
https://www.movoto.com/grapevine-tx/market-trends/
‘A mass exodus of gen-Xers and baby boomers appears to be expanding the glut of single-family homes for sale across the Lower Mainland’
This brings up something: you can find many articles every day telling you prices are up. But we’ve seen reports that the most speculative market in this area, detached shacks, are way down. Toronto is the same. Sydney UHS will say over and over, prices are down 2%. But I’ve posted many reports of individual (also the most speculative) neighborhoods in Sydney down 15-20-25%. Just in the past few months. The REIC and their media footstools are a lion.
Homelessness is bad for business? Unpossible!
https://www.theguardian.com/us-news/2017/dec/11/columbia-sportswear-ceo-tim-boyle-homeless-portland
Sounds like a West Coast thing…
This goes beyond homelessness - it’s extreme drug addiction, moral depravity and general debauchery.
Bigger and bigger government with more and more regulations and higher and higher taxes can fix this!
Hey - anyone notice that under the eight years of obama…
Not one homeless story
Not one story of military deaths and their impact on the families the back home.
Now, I see these stories everywhere.
Apparently, they’re “houseless people” now.
“We have daily defecation in the building’s atrium,” Boyle said…
Hmmm…
Celebrity house in a hot market…
Any guesses what it sold for? I am guessing they barely broke even not counting taxes, fees and all the upgrades they put in.
And - oh yeah.
Solar panels to heat your heated pool.
If that doesn’t say “I am saving the environment” I don’t know what else does (except for driving a $100,000 Telsa before government tax credits)
++++++
Jane Fonda Lands Buyer for Los Angeles Home After 10 Months
Beckie Strum - December 01, 2017 - Mansion Global|
Jane Fonda has found a buyer for the Los Angeles home she shared with record producer and ex-beau Richard Perry.
The three-bedroom architectural home in Beverly Hills went into contract on Monday, according to listing records. The final sale price won’t be available until the deal is done, but it was last listed for just under $10 million.
Currently a co-star on the Netflix comedy “Grace and Frankie,” Ms. Fonda, 79, put the home on the market in January for $12.995 million as she and Mr. Perry, 75, announced their amicable split. They’ve since chiseled the price down by $3 million.
The former couple bought the home together in 2012 after looking at more than 30 houses, Ms. Fonda said in a video marketing the home.
The couple paid $7.29 million, according to property records.
Outside, the home comes with ample patio space, a pool, a pavilion with a fire pit and a meditation garden. Some eco-conscious upgrades include solar panels and a solar heated pool.
Wow, I’m behind. I thought she was still getting freaky with Ted Turner. So I googled only to find the big news is that they have been out in public again together. So I guess I didn’t really miss anything.
It is mucho fun watching liberals live under the same laws they want for every else.
Do property crimes include robbing houses?
++++
Palo Alto area a hot spot for auto burglars
Santa Cruz Sentinel | 12/10/17 | Greg Frazier
Auto burglars are having a field day in the Palo Alto area.
They come from as far away as Oakland, Richmond, Emeryville and San Francisco, several law enforcement officials say.
Their preferred M.O is smashing a car window and grabbing whatever valuables they find inside.
“It’s a huge problem with no end in sight,” said Wayne Benitez, a patrol sergeant with the Palo Alto Police Department.
Benitez, who has been on the front lines of law enforcement for nearly 30 years, said that under new laws, particularly Propositions 47 and 57, criminals are not going to jail for property crimes, and they know it.
That’s been extremely common in San Jose for years. Happened to me and a coworker who flew here for work a few years ago one morning in a McDonalds parking lot. Had it on surveillance video and everything and the cops had zero interest in pursuing it. Apparently there are locals who just stalk out of town tech workers every day on their way from the hotels to the breakfast stops. Cops don’t want to hear about it and basically just laugh at out of towners who think it’s normal to leave personal items in cars when getting food for a few minutes.
California is the most impoverished state in the country.
Years ago my son observed (in LA) that people either drove luxury cars or beaters, but that there was little in between.
Coming (or already arrived) to a community near you soon.
Having a nice vehicle is more stressful than it’s worth. The first time you leave it in the parking lot some jackwad puts a huge dent in the door, somebody backs into it, etc. I’ve had so many things like that happen to my new vehicles that I don’t want to buy another one.
For a commuter in a place like the Bay Area, I’d buy a 100k mile Toyota, etc. which was well maintained by the original owners, non-smoker/no pets. You can get another 200k out of it, and not have the associated stress of a new car. You’d have to be crazy to buy a new BMW or similar, and park it in the public lots.
+1 “The things we own end up owning us.” - Fight Club
things we own…
Even your Prius?
Even your Prius?
Especially your Prius if it (plus 100lbs of bumper stickers) is your face to the world.
Even your Prius?
Don’t have a Prius. Don’t even have a car. I do, on the other hand, have an eBike. And alas, I do have to lube the chain and clean it every 300 miles or so.
And the disease is spreading north.
Had to avoid stepping in human excrement on my lunchtime walk today (for the first time ever, in 8 years).
Our entire country is becoming a 3rd-world nation.
Meanwhile, at Microsoft HQ, they are going to build a cricket pitch when they demo and rebuild most of the main campus.
And we have so many, um, erm, oh yes, diverse new residents here now driving that it seems like you are actually in a foreign country, with the amount of disregard for the traffic signs and rules that I see daily.
Meanwhile, at Microsoft HQ, they are going to build a cricket pitch when they demo and rebuild most of the main campus.
The new K-12 school being built in north San Jose next year near all the big apartment complexes will have cricket fields.
Cricket > Baseball. Sorry. And regarding bad driving, you should be glad for the extra revenue that it will bring in when they are cited. Over time the behavior will get better. I’m all for taxation based on consumption and violations that are in one’s control, if it means less taxation on labor and production.
Cricket > Baseball.
Not following? I would have expected them to be soccer fields if they were simply going for a generic international flavor.
you should be glad for the extra revenue that it will bring in when they are cited
Except the cops here never cite anyone for failing to signal, failure to yield, turning left from the far right lane (and vice-versa), etc…
Bal Harbour, FL Housing Prices Crater 7% YOY
https://www.movoto.com/bal-harbour-fl/market-trends/
Sydney: 60% of houses bought by investors in 2016?! Makes the 35% bought by investors in the US seem tame.
When all that crashes, maybe my dream of owning a second home in the southern hemisphere will no longer be so far-fetched!
LOLZ!
The Economist
Buttonwood’s notebook
Financial markets
Crypto through the tulips
Putting a price on Bitcoin
A wide spread of prices is a sign of a malfunctioning market
Buttonwood’s notebook
Dec 8th 2017
by Buttonwood
…
Is Bitcoin on the verge of achieving Too Big to Fail status?
The Financial Times
Bitcoin
US financial watchdogs weigh into bitcoin frenzy
SEC and CFTC chiefs warn investors about cryptocurrencies’ risks
Chloe Cornish in San Francisco
yesterday
Two top US financial regulators on Monday weighed into the frenzy surrounding trading in cryptocurrencies, warning investors about the risks connected with volatile digital assets on the day bitcoin made its whirlwind debut in the mainstream financial system.
After a rollercoaster week which saw the price of a single bitcoin soar to $19,000, Jay Clayton, chairman of the Securities and Exchange Commission, signalled that the watchdog is keeping a close eye on trading, as well as on cryptocurrency crowdfunding known as initial coin offerings (ICOs).
His move was followed by a warning from J. Christopher Giancarlo, head of the Commodity Futures Trading Commission, that the agency could not protect investors in many cryptocurrency trading venues.
Regulators are increasingly worried about some heavily leveraged retail investors ploughing money into volatile cryptocurrencies, and as bitcoin exchanges have struggled to cope with demand.
On Monday, bitcoin futures products were introduced on Cboe Global Markets, with early price surges twice halting trading as they triggered Cboe circuit breakers.
“Just as the SEC has a sharp focus on how US dollar, euro and Japanese yen transactions affect our securities markets, we have the same interests and responsibilities with respect to cryptocurrencies,” Mr Clayton said.
The CFTC’s Mr Giancarlo said investors should be aware of the “potentially high level of volatility and risk”.
“The relatively nascent underlying cash markets and exchanges for bitcoin remain largely unregulated markets over which the CFTC has limited statutory authority,” he warned.
Meanwhile, the SEC is clamping down on ICOs — a novel mechanism for early-stage companies to crowdfund using cryptocurrencies that has raised a total of $3.7bn this year alone, according to tracker Coinschedule.com.
…
Is Bitcoin on the verge of achieving Too Big to Fail status?
Only if GS is all in.
The Johnson Ave house I mentioned a while back closed at $365,000. They dropped the price about 2K. That wouldn’t have happened a year ago. The first cracks are showing in my little burg
https://www.realtor.com/realestateandhomes-detail/539-Johnson-Ave_Loveland_CO_80537_M14669-91668
The Front Range is over. OVER.
In many places in Clownifornia that place would go for 4-5X that. I would say something must be in the water, but they dont have water!
Lonetree, CO Housing Prices Crater 8% YOY
https://www.movoto.com/lone-tree-co/market-trends/
http://www.dailymail.co.uk/news/article-5156899/Larry-King-groped-claims-Eddie-Fishers-ex-wife.html
See ya Larry.
Point your finger and - poof - somebody’s life is ruined.
No muss, no fuss, no trial, no conviction. All it takes is the pointing of a finger.
Well, it helps if a picture is taken of you adjusting the radio knobs, if you get my drift.
Photos are easily shopped these days.
no trial, no conviction…
That apparently is the job of the press.
A byproduct of being a public-facing figure in the age of the internet. So far, none of these guys are going to jail (although perhaps some might), but their careers are certainly over.
Makes me wonder who we will be left with as media figures…only people who NEVER rub anyone the wrong way?
It’s certainly not healthy to hide abuse–and given the sheer magnitude of those coming forward it’s hard to see how they are ALL liars.
But it’s also not healthy to have the media unwilling to ask hard questions for fear of finger-pointing attacks that would ruin your career (and any other career you might wish to pursue).
I heard on the radio, that Dems are already demanding Trump resign immediately due to new allegations.
Kind of figured that would happen, after Franken and Conyers threw themselves on their swords.
The U.S. Media Suffered Its Most Humiliating Debacle in Ages and Now Refuses All Transparency Over What Happened
The Enemy Within
Theintercept.com? Antiwar.com? I know this is like your blog and all that but are you allowed to post those links?
CNN told me it was illegal to read the HRC emails on Wikileaks.
In these turbulant times, probably best to listen to your betters, right?
Humiliating Debacle…
I don’t think they are humiliated. I can no longer count the number of new stories I’ve seen discredited and there is never an apology, just on to the next lie. I think that is called “pathological liar” yet we still call it “the news”.
Dems are already demanding Trump resign immediately
Haven’t they been demanding that for almost a year now? Meanwhile they keep throwing their own under the bus and weakening themselves. Not sure how they think this is all going to work out for them. I suppose in the feelings-based world it all makes sense.
I suppose in the feelings-based world it all makes sense.
+1
President Trump isn’t going anywhere. Everyone needs to get it through their empty skull.
Welcome to Trump Country my friends. Welcome to Trump Country.
https://youtu.be/8CUZOhEcXlc
Starts at 3:50
Franken and Conyers are in safe Democratic seats. Their leaving doesn’t tip the policy balance. And having their dirty laundry aired via a Republican controlled Ethics Committee would have meant they would have been badly damaged, possibly to the point of not being able to retain their seats. That’s my take. Careerists don’t leave voluntarily, it’s huge power, prestige and a very comfortable living. High-mindedness is not pushing people like this out, any more than a tick can be persuaded to let go of a dog.
Do any legislators consider NAR a neutral, academic commentator on housing issues? The NAR is touting a paper about what would have “helped” the last house price drop and they say principal reductions don’t work, but rather government simply subsidizing mortgagee’s monthly payments would have been best: https://www.realtor.com/news/real-estate-news/next-housing-crisis-lessons-last-one/
What we’re actually seeing is propaganda. Pseudo-intellectual cover (I mean I haven’t delved into that study, but data coming out of the NAR is designed to increase prices and sales. But fairness and justice are issues too -stop laughing, hear me out- fairness and justice are why we have a criminal justice system in the first place).
We don’t have robust state propaganda organs like, say, the Russians or the Chinese. But our large private interest groups do it way better than even those state actors.
I kind of look at the 6 corporations that control 90% of the media in America as making the media a de facto corporate mouth piece.
Real estate is one arena but politics is another. For example, the only place I have ever seen any information about Palestinian experiences in Israeli prisons is on RT.
I only watch the news to try and figure what the MSM wants me to think today but I do my research independently. That’s what I like about this blog, unbiased, data supported with logical conclusions based on the all the data (not a hand picked subset).
the most brilliant minds on financial news are right here.
what would have “helped”…
The best help is always reality. It would have helped our society best if the banks had been allowed to fail and the bad debts liquidated. A sudden return to reasonable lending standards would have been painful, but most helpful.
“The best help is always reality.”
In pharmacy they say drugs are for people who can’t handle reality.
i have some tulips for sale.
http://digg.com/2017/dutch-east-india-size
Puts the Bitcoin Craze into perspective.
Oceanfront Miami Beach, FL Housing Prices Plunge 9% YOY As Investors Liquidate Coastal Properties
https://www.zillow.com/oceanfront-miami-beach-fl/home-values/
*Select price from dropdown menu on first chart
“…investors accounted for nearly 60 per cent of Sydney homes purchased in 2016. Mr Zigomanis said investors triggered both the recent price boom and the slowdown that followed. ‘The market began to change when investors could no longer get interest-only loans,’ he said.”
Investors financed with interest-only loans accounted for over half of recent home purchases in Sydney. What could possibly go wrong?
http://www.bbc.com/culture/story/20160419-tulip-mania-the-flowers-that-cost-more-than-houses
If any of you ignorant pukes wonder just who it is that is pushing up the price of bitcoin and just where it is that these people are getting the money to do so then this article is for you …
“It’s in the mania phase”: Securities regulator warns that “mortgages are being taken out to buy bitcoin”.
http://www.zerohedge.com/news/2017-12-11/its-mania-phase-securities-regulator-warns-mortgages-are-being-taken-out-buy-bitcoin
A nation of dummies.
Do any of you pukes remember how, not all that long ago, farm prices were going through the roof because the world was gonna run out of food, or sumptin’?
Remember? Yes? Well then, check out these charts …
https://finviz.com/futures_charts.ashx?t=GRAINS&p=m1
Those food items are best paired with a 2014 vintage WTI.
The Trump curse is real:
http://sanfrancisco.cbslocal.com/2017/12/12/san-francisco-mayor-ed-lee-dies/
I’m kidding, of course, but between the fires, Hollywood pedo-gate and Kate Steinle illegal immigrant murderer acquittal followed by Ed Lee shuffling off this mortal coil, the CA bigwigs have to be wondering WTF. Especially good old Jerry there. The only thing lacking right now is a whopping earthquake to bring things to crescendo. Which I wouldn’t want to see happen.
East Bay is overdue for a quake on the Hayward fault
Yeah I’m just hoping it hold off at least another month or so…
There so much critical infrastructure on the Hayward fault.
central bankers r sh@tting in their pants , worried about inflation. Thats why they keep saying there isn’t any.
They’ve never been worried about inflation. Ever. Their nightmare is deflation and collapse of the biggest expansion of credit in the history of the universe (rhymes with China).