Eager To Cut A Deal And Unload Old Inventory
A report from the Chinook Observer in Washington. “The housing crisis hits low-income, disabled and senior folks the hardest all over the nation. On every possible data point, our county numbers are much worse than either the state or national averages. The relative numbers of ‘housing-impaired’ individuals in our county are scary. The median age in Washington state and the nation as a whole is 38 years old. The media age in Long Beach is 53. Likewise, the median income in Washington state is $62,800; while the median income in Pacific County is $38,000; and a shocking $26,800 in Long Beach. Every demographic related to a housing crisis in our county is dramatic and several times over the national averages.”
“According to data on actual structures, we have a total of 15,977 housing units in our county. Of those nearly half — 6,700 — are unoccupied and assumed to be second homes or vacations homes. Many of these second homes sit empty or are used as short-term rentals. and, therefore, are not available for rental housing.”
From Inman News. “Realtors in the rapidly gentrifying San Francisco Bay Area city of Oakland, California, have been caught on camera giving advice on how to use legal loopholes to evict tenants to a local news reporter posing as a prospective buyer. In early June, KPIX 5 reporter Susie Steimle attended at least three open houses for renter-occupied duplexes and triplexes in the Oakland area, and at each one, real estate agents coached Steimle on how she could use an exemption in Oakland’s ‘Just Cause for Eviction Ordinance’ to evict tenants without notice and make a profit.”
“‘You can move in, and then once you have lived in the property, then the… umm… the restrictions on evictions and stuff go away,’ said the first agent who was giving a tour through a triplex. ‘A lot of people, that is what they do for a living,’ said a second agent who was listing a duplex. ‘They will buy apartments that have below market rate rents, and figure out a way that they can get them up higher so they can sell it for a profit.’”
From Capital Public Radio. “California has one of the highest percentages of seniors living in poverty in the United States, behind only Washington DC, according to the Kaiser Family Foundation. One in five seniors in California live in poverty, after adjusting for spending on basic necessities. Each month, Rosanne Goodwin scours her one-bedroom apartment outside San Diego for possessions to sell on eBay.”
“‘I’ve sold photo albums,’ Goodwin said. ‘I’ve sold whatever I could that’s just around the house, hand tools that I’ve had since I was in my 20s that my dad had given me for being out on my own. I just look around and wonder what can I sell now that will generate some income?’”
The Houston Chronicle in Texas. “At Arabella, a high-end condominium tower along the West Loop, buyers with good credit can qualify for a mortgage with just 10 percent down. But those with an M.D. after their name can get a mortgage without putting down a penny. Through a lending program with Iberia Bank, doctors can qualify for 100 percent financing, said Arabella developer Randall Davis. ‘They’re also working on a program for lawyers,’ Davis said.”
“Iberia, Bank of America and a number of other banks have special loan programs for physicians and other professionals. Arabella is under construction at 4521 San Felipe. The building has 99 units priced up to about $4 million. The units are 75 percent sold.”
The Daily Mail on Florida. “Joanna Krupa has now slashed the price of her stunning $1.9 million Miami apartment by $300,000, despite the abode boasting floor-to-ceiling windows and skyline views. The 39-year-old Polish model’s former home was dropped to $1.595 million in the hopes of a quick sale, after she and now ex-husband first purchased the home in 2013 for $1.4 million.”
From Globest on Florida. “Veteran developer Inigo Ardid says that market conditions in Miami have prompted his firm to take advantage of a unique opportunity here. Ardid, co-president of Key International, says his firm and partners Integra Investments and Wexford Capital will begin marketing its 32-unit ultra-luxury condominium project in East Boca Raton later this year. The fact that Miami has seen approximately 11,000 new condominium units hit the market in the last two to three years has cut into demand for new product, he notes. ‘The market in Miami has been soft and we began looking outside of Miami,’ he says.”
“While pricing has not been set as yet, Ardid says each 4,000-square-foot home will be priced in the ‘multi-millions.’ ‘It will be a very high-end project,’ Ardid says.”
From Mansion Global on New York. “Manhattan luxury housing rebounded in the second quarter of 2018 from a gloomier-than-usual winter real estate season, according to the Olshan Report. Developers eager to cut a deal and unload old inventory helped drive luxury deals in the second quarter. Between April and the end of June, developers sold 43% of all apartments—many at a discount—up from 38% in both 2017 and 2016, according to the report.”
‘Developers eager to cut a deal and unload old inventory helped drive luxury deals in the second quarter’
Yeah and they created instant FB’s in the process. They used to report how much these bums lost, but I guess it’s getting embarrassing.
‘A lot of people, that is what they do for a living,’ said a second agent who was listing a duplex. ‘They will buy apartments that have below market rate rents, and figure out a way that they can get them up higher so they can sell it for a profit.’
California has a glut of greedy bashtards is all. Stop being so money grubbing and take care of your people!
I’m not sure the greed is limited to CA. In fact, it appears these greedy bashtards are in every state.
Been reading for a while. Since there’s so much negativity about the housing market as a whole coming from this blog, I’m curious to know: does anyone commenting on here actually invest in real estate? If so, are you still buying right now?
‘does anyone commenting on here actually invest in real estate?’
You’re kidding right? More than half the posters here are gambling fools and have been for many years.
But what is “gambling?” to the real estate naysayers here. Does buying a piece of property ever make sense? As a primary or an investment? Or is real estate the pinnacle of evil?
‘Or is real estate the pinnacle of evil?’
Father Ted: That Would Be An Ecumenical Matter
https://www.youtube.com/watch?v=OuvIyjWhT_k
That’s hilarious…and perfectly emblematic of real estate gambling addicts who can’t break their habit.
Ja,
I’m a Realtor and investor in the bay area. I’ve purchased several properties to hold back in 2009,2010, 2011 and 2012. I also flipped homes but stopped back in 2015 since I figured the risk reward did not make sense anymore. I’m convinced that we are in a housing bubble here in the BA.
I’m one of the few people in the business who tell clients to “NOT” purchase real estate, I advise to wait until the market crashes. Simple math, these prices are not sustainable and you can thank the fed for 50%-60% appreciation in this area.
I could see that. The Bay Area has seen substantial growth, and prices are outpacing wages. But, you’re a realtor that’s telling people not to buy? How do you make a living?
‘I also flipped homes’
See what I mean?
House flips are about 6% of all transactions, so I’m not sure I do.
Can you expand?
Incorrect.
Speculation accounts for 83% of all transactions since 2009 per the lastest data.
Where can I find that?
Same place you found this.
“House flips are about 6% of all transactions, so I’m not sure I do.”
Why the attitude always? Was just asking a question.
Where can I find that?
Ultra low interest rates. Is that enough?
Attitude comes with the territory. Love it or leave it.
“…does anyone commenting on here actually invest in real estate?”
Buying real estate has turned into speculative gambling and market timing, having nothing to do with “investing.”
If you go back 30+ years, you used to be able to buy an sfr and rent it out for positive cash flow after expenses. But you had to have 20% down, and extremely good credit. The old “back of the envelope” for pricing a house was 100x monthly rent.
Fast forward to the halcyon days of the largest credit bubble in the history of the world, and you can’t find positive cash flow anywhere anymore. That’s why you see all these stories of pimping things out in order to raise the rent. It never cash flowed in the first place, so they think they can “make it cash flow.” Instead, they’re all losing their azzes.
Kinds of mirrors the long term trend away from dividends and to relying on the appreciation of the asset when you sell it.
“Or is real estate the pinnacle of evil?”
That had me laughing. the realtors selling the real estate, feeding the lies, scare tactics, hype, and the “get in before it’s to late” cons, or as we read in this post how they are selling with an angle how potential buyers can kick out long term tenants illegally. These realtards are the pinnacles of evil.
‘realtors selling the real estate, feeding the lies, scare tactics, hype, and the “get in before it’s to late” cons, or as we read in this post how they are selling with an angle how potential buyers can kick out long term tenants illegally’
Reported on Inman News no less. Ouch!
A lot of the REIC tactics have been morally reprehensible. Putting people into houses they can’t afford, at the peak of what is demonstrably an unsustainable housing bubble driven by greed and speculation rubs some of us the wrong way, especially when we, the prudent and responsible, are priced out of these crazy markets, but will be getting the tab when once again, we have to bail out the fraudsters who allowed and enabled this sorry state of affairs.
A single family residence is never an “investment”. It’s an expense that robs you blind every day it owns you.
Naples, FL Housing Prices Crater 7% YOY As Retirement Property Market Grinds To A Halt
https://www.zillow.com/naples-fl/home-values/
https://snag.gy/m5EzRB.jpg
I’m going to sell all my forever stamps and invest in a pizza joint that only serves libertarian-vegetarians.
Organic grape.nut/wild caught zucunni pizza … sorry Mr. Ben, eye’ll pa$$.
(what sorta beer will you bee offering? might dewdrop inn to see how$ yer fairin’!)
Talking with a number of northerners (USA) and they have reservations on buying in Florida…..
Rising seas: ‘Florida is about to be wiped off the map’
https://www.theguardian.com/environment/2018/jun/26/rising-seas-florida-climate-change-elizabeth-rush
They didn’t seem to be so worried about that when there was money to be made hand over fist. To me that sounds mostly just like a virtue-signaled excuse to be more cautious because bubble risk is now perceived to be higher.
‘The 39-year-old Polish model’s former home was dropped to $1.595 million in the hopes of a quick sale, after she and now ex-husband first purchased the home in 2013 for $1.4 million’
Ouch, so she’s closing in on seeing 5 bubble years go poof. That was fast.
The commission eats the profit
Poof
Manhattan is back?
“The 39-year-old Polish model’s former home…”
Difficult to imagine her cleaning that place. Bracero program?
At 39, she’s long since hit the wall, so her next Beta Wallet will be far down the earnings chain than the prey she was stalking at the peak of her sex appeal.
“He love$ me, he loves me knot … ”
“He love$ me, he loves me knot … ”
“He love$ me, he loves me knot … ”
$he ha$ what it take$ … A$k Anna Nicole $mith, oh, wait …
Gold-digger and hedgie sitting in a tree
K-i-s-s-i-n-g….
You’re a $harp one …
‘At Arabella, a high-end condominium tower along the West Loop, buyers with good credit can qualify for a mortgage with just 10 percent down. But those with an M.D. after their name can get a mortgage without putting down a penny. Through a lending program with Iberia Bank, doctors can qualify for 100 percent financing, said Arabella developer Randall Davis. ‘They’re also working on a program for lawyers’
I wish I didn’t have to give you the bad news Randall, but Fannie and Freddie and FHA/VA have been doing this for years. Not for $4 million though, so congrats on the new sucker angle. If I had to live in it, you couldn’t give me a downtown Houston airbox.
Lawyers don’t always make good $
Doctors either.
Maybe they should expand their program to Indian Chiefs.
Big money in casinos.
Houston is going to h*ll in a handbasket!
June 24, 2018
“The opening of thousands of D-FW rental units in the last year has put a lid on apartment rent increases in some markets and fueled a rise in concessions that landlords use to attract tenants. Willett said Dallas is on the list of U.S. rental markets where new apartment residents are getting the most freebies, amounting to about an 8 percent concession in rents. ‘You typically get one month of free rent,’ he said. ‘The two markets where we really want to give stuff away right now are Atlanta and Houston.’”
http://thehousingbubbleblog.com/?p=10472
‘Houston is going to h*ll in a handbasket!’
How so? The Astros are strummin along, the Rockets were in the western conf finals, and HUD just made the good people of Houston the indirect beneficiaries of $10B of free money.
I was talking to someone awhile back who got relocated to Houston. They decided to live out on Galveston. They said it is kinda campy but it has grown on them.
$800 / 1br - 756ft2 - FREE FREE FREE FREE RENT FOT 2 MONTHS, MIN FROM BEACH & UTMB CALL NOW! (GALVESTON)
***SPECIAL***
MOVE IN NOW AND GET 50%OFF OF YOUR RENT
Just pay small Application/Adminastrion fees and deposit!!
https://galveston.craigslist.org/apa/d/free-free-free-free-rent-fot/6620101402.html
$800 x 12 = $9600/yr - $1600 (2 mo free) = $8000/yr
$8000/yr / 12 months =
$666 per month.
Even at $600 / month, that place doesn’t seem like much of a bargain. I think that carpet may be older than I am.
cat pee is ok
what’s a $400 bonus?
this may be Durst’s old place
OK, ya walked right into that one …
“Houston is going to h*ll in a handbasket!”
‘If I owned Texas and Hell, I would rent out Texas and live in Hell’
If re is a good investment why not buy American homes 4 rent stock
No 6% exit fee,just click
same idea as mines and etfs for the precious
but lets get physical
Speaking of investing: whatever happened to az shady dude? He says he bought a shack and - gone - . Probably working extra at wal-mart.
Alameda, CA Rental Rates Crater 8% YOY As California Housing Prices Tank
https://www.zillow.com/alameda-ca/home-values/
*Select price from dropdown menu on rental chart
A bit off topic …
It recently dawned on me that the cemetery business is a grow-or-die type of business in that new money - new bodies - must continously come into the cemetary in order for the cemetery to meet expenses.
Contrast this to, say, an apartment rental business whereby new tenants are not continuously sought out as long as the existing tenants do not move out and thus stop paying rent.
I welcome all comments on this post, even from you pukes.
With boomers heading to the grave at a rate of 10,000 per day, the mortuary business is doing well.
I have it on good authority that Forest Lawn cemetery divested itself of Sunnyside cemetery (located in Long Beach, CA) that it bought several years ago because the numbers did not work out; Not enough new money coming in to offset such things as a huge water bill.
With the trend of going the cremation route rather than the burial route gaining strength it would not surprise me to read in coming years the demise of cemeteries - not all cemerties, of course, but many.
Many denominations do not permit scattering of ashes,so even if you are cremated you might need to be interred, that is if you wish to receive the rite of burial. That said, it could be in a tiny niche in a wall.
Keeping old school cemeteries in perpetuity does seem like a dubious prospect. It does raise the question of what happens when the funds run out and no living relatives (who are willing to pay) can be found. Will the dead be disinterred, cremated and shoved into a low cost niche? Is that legal?
Will the dead be disinterred, cremated and shoved into a low cost niche? Is that legal?
Perhaps they will eventually be forgotten & paved or built over. This has already happened to the vast majority of humans who have gone before us.
Hollywood Forever Cemetery is a good case study.
It fell in to disrepair because of financial trouble and the owners had a shady past.
For revenue, they hold events and movie screenings on the grounds. I’ve been to a few.
https://en.wikipedia.org/wiki/Hollywood_Forever_Cemetery
Perhaps they will eventually be forgotten & paved or built over.
I supposed that once western civ collapses that could very well happen, but I was thinking more in the “shorter term”
The only big construction projects in my area are senior living facilities, but judging by the number being built, developers see it as a good investment.
Developers may see it as a good investment because they build them, then they sell them, then they are free of them.
The cemetery business is not like that. In the cemetery business one is never free of them. The expenses are always present (and possibly growing) and the current “tenants” aren’t in the position to bring forth fresh capital.
Making The Reaper Cheaper
Why Undertakers Are Worried
April 12, 2018
The Economist
“In some of the world a profound shift is under way in what people want from funerals. As Thomas Lynch wrote in “The Undertaking” (1997), a wise book on practising his “dismal trade” in a small American town: “Every year I bury a couple hundred of my townspeople. Another two or three dozen I take to the crematory to be burned. I sell caskets, burial vaults and urns for the ashes. I have a sideline in headstones and monuments. I do flowers on commission.” Social, religious and technological change threaten to turn that model on its head.”
“The undertaker used to be able to rely on a steady stream of customers who asked few questions and of whom he (and it was usually a he) would ask few in return. Protestant or Catholic? Open coffin or closed? And, in some parts of the world, burial or cremation? A new generation of customers, though, no longer unthinkingly hands over its dead to the nearest funeral director. They are looking elsewhere, be it to a new breed of undertaker, to hotel chains that “do” funerals, or—for their coffin or urn—to Amazon or Walmart.”
“As families move farther apart, relatives are less likely to tend to a grave in their hometown. As people increasingly identify with more than one locality, so they begin to hanker after more than one resting place.”
https://www.economist.com/international/2018/04/12/why-undertakers-are-worried
I’d like my ashes dumped during a skydive.
I’d like my ashes dumped during a skydive.
A coworker, who has a pilot’s license, told me an interesting anecdote:
Said that a family wanted to scatter the dearly departed’s ashes over a forest. One was a pilot so they rented a plane and took off. Once over the target location they slid a window open and tried to pour the ashes out. The ashes blew back into the plane, blinding and choking them. The plane crashed and all aboard were killed.
“The plane crashed and all aboard were killed.”
Yikes… wonder how the dearly departed’s family feels?
Periodically you will see apartments, particularly complexes owned by companies, undergo “renovations” where units are refreshed and updated.
Sometimes that’s the impetus for a jump in rental rates that will cause a burst in turnover as many tenants will say “too much”.
Other than that, I would think the rate of turnover depends on the local market and local economy and other housing options
For example: Apartments near a university would likely see mostly student tenants, with turnover on a predictable schedule. Apartment in an old established area, say core NYC, would likely see plenty of tenants who stay put for decades, while new complexes on the outskirts of a major city in Texas would typically see most tenants move on within 5 years.
Where do eye begin? …
Maybee ya ought to $pecialize, focu$ on all the newly minted Millionaire$ & Billionaire$ … Give’em a celebration$.of.life $pectacular $end off to the Heaven$ … here’$ an example:
Funeral
On August 20, 2005, in a private funeral, Thompson’s ashes were fired from a cannon. This was accompanied by red, white, blue and green fireworks—all to the tune of Norman Greenbaum’s “Spirit in the Sky” and Bob Dylan’s “Mr. Tambourine Man”. The cannon was placed atop a 153-foot (47 m) tower which had the shape of a double-thumbed fist clutching a peyote button, a symbol originally used in his 1970 campaign for Sheriff of Pitkin County, Colorado. The plans for the monument were initially drawn by Thompson and Steadman, and were shown as part of an Omnibus program on the BBC titled Fear and Loathing in Gonzovision (1978). It is included as a special feature on the second disc of the 2004 Criterion Collection DVD release of Fear and Loathing in Las Vegas, and labeled as Fear and Loathing on the Road to Hollywood.
According to his widow, Anita, the $3 million funeral was funded by actor Johnny Depp, who was a close friend of Thompson
” why do you deny to the crow, what you so willing give to the worm?”
Chuang Tzu, beating a spirit drum @ his wife’s funeral …
No wonder Johnny Depp is now a pathetic, broke cautionary tale.
To be honest, if I had $650 million, spending $5 million on something like that doesn’t seem all that terrible.
Well, sweetie, that’s the difference between you and I. If I had $650 billion, I’d still think blowing $3 million on a funeral was f***ing idiotic.
How about $pending x2 Trillion$ U$D for “Nation building” … Where’$ that on your $cale of “f***ing idiotic”?
Jeb Bush: “Please clap”
https://www.youtube.com/watch?v=DdCYMvaUcrA
Figaro’s ‘Largo Al Factotum’ From ‘The Barber of Seville’
Ah, bravo Figaro!
Bravo, very good!
I am the luckiest, it’s the truth!
Ready for anything,
night and day
I’m always on the move.
Figaro’s Opening Aria ‘Largo al Factorum’
In the first act, the audience meets the flamboyant Figaro who introduces himself as the city’s top quality factotum, or handyman. Figaro is quite assured of his abilities and describes his popularity and his many talents. He’s a jack of all trades. He loves his life, saying that and a more noble life cannot be found.
Austin, TX Housing Prices Crater 13% YOY As Listings From Underwater Speculators Skyrocket
https://www.zillow.com/austin-tx-78759/home-values/
*Select price from dropdown menu on first chart
‘According to data on actual structures, we have a total of 15,977 housing units in our county. Of those nearly half — 6,700 — are unoccupied and assumed to be second homes or vacations homes. Many of these second homes sit empty or are used as short-term rentals’
That’s some shortage.
I know the area well, Ben. It’s almost criminal what’s happened. Speculators descended upon the place several years ago, and the locals have borne the brunt of it.
Since 2008, speculators flush with FedBux have descended on Everywhere USA. Have you not been paying attention?
What?? I think I just showed I’ve been paying attention.
By the way, it’s not just homes that the speculators are flipping in Pacific County, it’s postage stamp lots in Ocean Shores north of Long Beach in Grays Harbor County, the same Ocean Shores Erik Estrada used to pimp on late night tv.
They have almost tripled in price, going from ~$6,000 all the way up to close to $20k, and that’s unimproved. If they have water and sewer hookups, it’s more.
These speculators are oftentimes buying several lots at a time, because they’re “cheap,” dontcha know.
“If they have water and sewer hookups, it’s more.”
Those damn hookups! How can those hookerupper thingies be so inexpensive?
Well, in the south west there is a perpetual water shortage. You can drop in water lines, but the water has to come from somewhere.
And then there is the question of where does the sewage go? If you have a large lot, a septic system can handle that, but on postage stamp lots that doesn’t work.
yeah….. dammit.
Starbucks?
Or the beach like in India.
Or in the hallways of various federal buildings in Washington DC
Realtors are liars.
…. and every closing a crime scene.
“The relative numbers of ‘housing-impaired’ individuals in our county are scary. The median age in Washington state and the nation as a whole is 38 years old. The media age in Long Beach is 53. Likewise, the median income in Washington state is $62,800; while the median income in Pacific County is $38,000; and a shocking $26,800 in Long Beach. Every demographic related to a housing crisis in our county is dramatic and several times over the national averages.”
As I have mentioned time and again, while the metro areas such as Seattle are going to get hammered, it’s the rural and far flung areas which are going to get absolutely crucified. The speculators bought up all the inventory in these low-wage/few jobs areas and decimated the locals’ balance sheets as they raised the rents and played flip this house with each other, which also took a bunch of rentals out of inventory. Despicable.
Kenmore, WA Housing Prices Crater 9% YOY On Plunging Housing Demand
https://www.movoto.com/kenmore-wa/market-trends/
There is no plunging demand in the entire Seattle area, Mafia.
Hello my good friend.
Poway, CA Housing Prices Crater 9% YOY As Housing Depreciation Crushes San Diego Area
https://www.zillow.com/poway-ca/home-values/
https://snag.gy/m5EzRB.jpg
You have to look at $/sqft, which is up from last year. The Median price can go down because of inventory with smaller average square footage than last year.
Again…$/sq ft valuation is a poor performer as it excludes all items in the transaction except for the structure and the area of dirt directly under it.
Castle Rock, CO Housing Prices Crater 9% YOY As Mounting Debt Crushes Denver Area Speculators
https://www.movoto.com/castle-rock-co/market-trends/
Bubble Evidence #529
I am on travel to the Dallas/Ft Worth area.
Overheard in the lunch room of two engineers:
“My realtor showed us houses with bullet holes! Bullets holes in them!”
That is how crazy the bubble has become - engineers with good jobs can only afford houses in neighborhoods where bullets holes and common and NOT even fixed before a showing…
“Bonnie and Clyde Slept Here”
Bullet holes - did they say what city they were in? Like a lot of flyover it seems, unless you’re spending $300k + you’re slummin it.
Bonnie & Clyde - if it was West Dallas it might be true right? Seems like everyone around these parts has a Bonnie & Clyde story. There was a little grocery off 2114 outside of Penelope TX that had a pool hall down below. It was allegedly one of their hang outs back in the day, Cottonwood Grocery it was called. We used to go their when I was a kid, go down the creeky old stairs, pay the bartender .50 for an ice cold Dr. Pepper and shoot pool.
“…engineers with good jobs…”
In various layers of government engineers are being lumped together with the administrative workforce (victims) who survive day to day life by exercising their right to special accommodations. Layoff.com
Addison, TX Housing Prices Crater 14% YOY As Housing Correction Ravages Dallas Area
https://www.movoto.com/addison-tx/market-trends/
“Ardid, co-president of Key International, says his firm and partners Integra Investments and Wexford Capital will begin marketing its 32-unit ultra-luxury condominium project in East Boca Raton later this year. The fact that Miami has seen approximately 11,000 new condominium units hit the market in the last two to three years has cut into demand for new product, he notes. ‘The market in Miami has been soft and we began looking outside of Miami,’ he says.”
So, Miami is overbuilt and since we can’t stop building, let’s go a few miles north and do what’s no longer working in Miami. Because rich people would rather live in Boca Raton.
One of the most insane posts I’ve seen so far.
“ultra-luxury condominium project”
1$t mi$take.
“Extra ultra.ultra-luxury condominium.airbnb.plu$ project”
BAY AREA LISTS $117,400 AS ‘LOW INCOME’ FOR AFFORDABLE HOUSING
BY BENJAMIN FEARNOW ON 6/25/18 AT 5:02 PM
The “low” income level needed to qualify for some affordable housing programs in the Bay Area comes in at $117,400-a-year per household.
The U.S. Department of Housing and Urban Development’s latest figure for “low income” levels has drawn outrage from people who say they struggle to find affordable places to live despite making six-figure salaries, the Marin Independent Journal first reported. The federal agency raised the “low” annual income threshold 10 percent from last year, making it $117,400 per year for a household of four people.
http://www.newsweek.com/bay-area-median-income-housing-crisis-cost-living-affordable-housing-hud-san-994962
‘Thor Benson
@thor_benson
‘As a member of the LGBTQ community, Justice Kennedy being replaced threatens my rights. It also threatens the rights of minorities, women and Muslims. Trump must not be allowed to replace him before November. Let the people speak first.’
http://dailycaller.com/2018/06/27/liberal-meltdown-over-justice-kennedy-retirement/
From that same website:
http://dailycaller.com/2018/06/27/alexandria-ocasio-cortez-supporter-anti-semitic-racist/
‘Democratic socialist Alexandria Ocasio-Cortez stunned the political world and rank-in-file Democrats by defeating incumbent Joe Crowley in Tuesday’s New York primary. The platform Ocasio-Cortez ran on was deeply progressive, calling on the abolition of Immigration and Customs Enforcement, nationalized health care, universal jobs guarantee and getting America to 100 percent green energy.’
‘However, footage reveals that Ocasio-Cortez also has associates with regressive views.Thomas Lopez-Pierre, is a known anti-Semite and racist. Lopez-Pierre has regularly used slurs against Jewish and black New Yorkers in public forums and while running for office himself.’
‘While running for office in 2017, Lopez-Pierre specifically campaigned on “protecting tenants from greedy Jewish landlords.” Lopez-Pierre’s own campaign website shows his rantings agains “Greedy Jewish Landlords.” His campaign website applauds the arrest of “Greedy Jewish Landlords” and says that “Jewish Landlords” are “punishing” black and Hispanic families.’
Gosh!
http://thomaslopezpierre.com/
“Change will not come if we wait for some other person or some other time. We are the ones we’ve been waiting for. We are the change that we seek.” Barack Obama.
“If I raise $16,800 from NYC residents as I did in my first campaign for NYC City Council (see names of my 2017 financial NYC contributors) over the next four years, the NYC Campaign Finance Board will give my campaign for city council another $100,000 in taxpayer funds (see how I spent taxpayer’s money in 2017) to pay for my campaign against “Greedy Jewish Landlords!”
“In the 2017 Democratic Primary, Thomas Lopez-Pierre recieved 3,179 votes!”
“Please contact me…to discuss how you can contribute money to help fight “Greedy Jewish Landlords” in NYC.’
‘Thomas Lopez-Pierre does NOT accept campaign contributions from real estate industry.’
‘Greedy Jewish Landlords Arrested’
(see videos)
‘1 - Jewish landlords own more than 80% of the private multi-family (5 units or more) apartment buildings in Upper Manhattan (and the numbers are similar in other Black and Hispanic communities in NYC);
‘2 - Jewish landlords are at the forefront - guilty of pushing out Black and Hispanic low income tenants in NYC.’
‘Thomas Lopez-Pierre believes that most Jewish people in NYC are GOOD PEOPLE but are just unaware of the unethical and greedy business practices of “Greedy Jewish Landlords.”
‘3 - Thomas Lopez-Pierre plans to use $100,000 in public matching funds (NYC taxpayer’s money) from the NYC Campaign Finance Board to help educate Jewish people in NYC about the several decades long economic holocaust inflicted upon the Black and Hispanic community in NYC by “Greedy Jewish Landlords.”
Well, Greedy Jewish Landlords aside, I’m intrigued by her universal jobs guarantee and getting America to 100 percent green energy.
‘Ocasio-Cortez’s victory represents a major upset within the Democratic Party, which has seen a schism between establishment and progressive Democrats since the 2016 election.’
‘Her parents were disappointed in their local schooling system, so her extended family helped fund a move to a better school district.’
‘This was Ocasio-Cortez’s first run for office, but she had experience in politics. In college she worked for Democratic Sen. Ted Kennedy of Massachusetts on immigration issues, and she was an organizer for Bernie Sanders’ 2016 campaign.’
‘Sanders congratulated her Tuesday night. “She took on the entire local Democratic establishment in her district and won a very strong victory,” he said in a statement. “She demonstrated once again what progressive grassroots politics can do.”
“She represents the future of the Democratic Party,” Nixon, in blue in the photo above, said on Monday, according to Politico. “Alexandria and I are joining together to take on the old boys’ club, rejecting corporate money and run people-powered campaigns that envision a progressive New York that serves the many, not just the few who can afford to buy influence.”
‘a progressive New York that serves the many, not just the few who can afford to buy influence’
I guess she means the Greedy Jewish Landlords.
I don’t know if it’s a major upset as we understand. Demographics have changed and they all vote tribal. Even the most liberal white man will be voted out. Liberal white women next.
Yup, if you aren’t a POC, expect to be kicked out of any position of power on the left. Of course, they expect to continue writing checks and voting for them.
Of course, they expect to continue writing checks and voting for them.
Why would old white billionaires want to bankroll them unless they continue to be useful idiots?
Comrade Pelosi of course tried to put a predictable spin on the upset victory of a 28-year-old socialist bartender over a ten-term Establishment Democrat incumbent:
“They made a choice in one district. So let’s not get yourself carried away as an expert on demographics and the rest of that. Within the caucus or outside the caucus, we are — again, we have an array of genders, generations, geography, and there is opinion in our caucus, and we’re proud of that. The fact that in a very progressive district in New York, it went more progressive than — Joe Crowley is a progressive, but more she’s left than Joe Crowley, is about that district.”
Don’t be fooled - Comrade Pelosi knows full well the implications of the electorate’s rejection of the crony capitalist status quo, and is quaking in her septuagenarian shoes. So are the corporations who sunk $3 million into Rep. Crowley’s campaign to retain the services of a reliable corporatist stooge, only to see their investment go up in smoke. Donald Trump’s rout of the GOPe and its Wall Street puppets like Jeb and Little Marco, and trouncing of Goldman Sachs puppet Hillary Clinton, should’ve sent a seismic wave through the Republicrat duopoly establishment, but they were willfully blind. Now this far-left Chica, outspent 18 to one, bilged the corporatocracy’s puppet and signified that the screwed-over 99% might finally be getting fed up with Establishment Tweedle-Dees and Tweedle Dums as “choices.”
Be afraid, Comrade Pelosi. Be very afraid. A corporatist stooge has been sent packing. He won’t be the last one.
BTW, WTF is an “array of genders”? I’m aware of precisely two.
Where have you been?
On a not totally unrelated note I went and saw Jordan Peterson in Sacramento last night. The evening was less political than I expected.
Like McDonalds - I’m lovin’ it.
Can I get a side of lead pipe to the dome with that, puleeze?
Hyphenated mob vs. the shylock vampires. I could see this becoming more lucrative than the fast and furious series.
“His campaign website applauds the arrest of “Greedy Jewish Landlords”
He should think large & group incul$ive!
His campaign website applauds the arrest of “Greedy Landlord$”
Sometime$, le$$ is more …
They could start a new party…the landlords are too damn greedy party.
Carl, quick … Regi$ter that domain name!
+1000
Jimmy McMillan - rent is still too damn high!
https://www.youtube.com/watch?v=Yc9BxrPB3ZM
His campaign website applauds the arrest of “Greedy Landlord$”
He’s thinking way too small. Until the likes of “Zimbabwe Ben” Bernanke, Yellen the Felon, their Wall Street grifter accomplices, and their captured regulators and enforcers are in orange jumpsuits and shackles in front of an honest judge, nothing is going to change.
All these hyphenated dual last names… beware.
“protecting tenants from greedy Jewish landlords.”
Where did that quote come from Mein Kampf?
‘did that quote come from Mein Kampf?’
This new progressive stuff is going to take some getting used to. Making La Raza Great Again!
I’m experiencing cognitive dissonance. What happens when one protected group defames another protected group?
“To learn who rules over you, simply find out who you are not allowed to criticize.” — Voltaire
“To learn who rules over you, simply find out who you are not allowed to criticize.” — Voltaire
Eh, eye don’t Ms.Sarah Sanders, rules over me … how bout’s you?
“Eh, eye don’t Ms.Sarah Sanders, rules over me … how bout’s you?”
Not if you work at the Red Hen.
Red Hen? … Which one? ( eye’m as cornfused as a infant in a topless bar!)
West Coast Red Hen loses business after Virginia namesake kicks out Sarah Sanders
Good Morning America
ABIGAIL SHALAWYLO
Good Morning AmericaJune 27, 2018
The backlash in Napa started Saturday after Sanders tweeted that the owner of Lexington’s Red Hen had asked her to leave because she works for President Donald Trump. Within the hour, Sawicki said, the Napa restaurant had received over 485 Yelp comments, almost all negative, assuming the restaurant was part of a chain.
“Political views are not something I like served with my food.” Dagan J. wrote on Yelp. “Unfortunate turn of events for you and your establishment.”
Zeny M. posted, “I will not patronize any of Red Hen Restaurant or any restaurant who won’t treat any customer who would give them business the respect and service they deserve.”
Sawicki responded, “Zeny, we are a completely independent and unrelated restaurant in California
“Eh, eye don’t Ms.Sarah Sanders, rules over me … how bout’s you?”
I know who doesn’t rule over Main Street Lexington.
Red Hen owner, who asked Sarah Sanders to leave restaurant, resigns from Virginia business group
Ashley May, USA TODAY
Published 7:06 a.m. ET June 27, 2018
The owner of the Red Hen restaurant in Lexington, Virginia, who asked White House press secretary Sarah Huckabee Sanders to leave, has resigned from a local business group.
“Considering the events of the past weekend, Stephanie felt it best that for the continued success of Main Street Lexington, she should step aside,” Elizabeth Branner, president of the Main Street Lexington Board of Directors, said in a statement.
https://www.usatoday.com/story/news/nation-now/2018/06/27/red-hen-owner-resigns-main-street-lexington-post-sarah-sanders-fallout/737294002/
“Trump supporter Grayson Jennings, 66, protests with Trump and Confederate flags outside The Red Hen restaurant.”
Wow… the Confederate flag too?
I’m experiencing cognitive dissonance. What happens when one protected group defames another protected group?
Then they play the SJW version of rock paper scissors to see who is the most oppressed, and therefore the winner.
Socialism is no panacea for economic ills - just ask Venezuelans - but Ms. Ocasio-Cortez hit the nail on the head with some of her comments about how much of a struggle life has become in our oligarch-looted, crony-capitalist neoliberal economies:
https://www.vogue.com/article/alexandria-ocasio-cortez-interview-primary-election
“New York 14 is one of those last working-class congressional districts in New York City. These communities are very rapidly seeing the cost of living go up: In the last three years or so, the median price of a two-bedroom apartment in New York 14 has gone up 80 percent. Our incomes certainly aren’t going up 80 percent to compensate for that, and what that is doing is a wave of aggressive economic displacement of the communities that have always been here…And that, I think, is the core of a lot of what we’re talking about: Who is New York changing for? A lot of people, especially in our community, are feeling like it’s changing to be a temporary playground rather than a place for people to actually raise families and transform their own economic opportunities and their own lives.”
Heckova job, Ben and Janet.
‘the median price of a two-bedroom apartment in New York 14 has gone up 80 percent. Our incomes certainly aren’t going up 80 percent’
Did her opponent make this point? It’s actually easy to understand why populism is sweeping global politics. Remember how many times I pointed out the media was using the description “elites” over and over a few years ago?
Who is New York changing for?
She should apply the same logic to her support for open borders. Who is the USA changing for?
Meanwhile, I’ve posted reports of drug cartels stuffing headless bodies in local sewers and septic tanks. Oh but you’ve got to have your cooks and dishwashers! This spicy socialist Latina and her racist buddies don’t give a fork about the impact on the border states. They never see it.
“reports of drug cartels stuffing headless bodies in local sewers and septic tanks”
“Just say No! ” Nancy Reagan
Here’s what gives Comrade Pelosi and the Republicrat duopoly nightmares: a peckerwood like me rooting for this 28-year-old socialist college-educated bartender who maybe, just maybe, is sincere in her desire to actually help and represent her constituents rather than being a corporatist stooge intent only on another term at the trough.
I may not share this chicas ideology, but I’ve got nothing but love for anyone who is trying to fight for the people who have been so badly screwed over by the Establishment status quo.
HSCB and Wachovia were caught laundering billions in drug money for the Sinaloa Cartel. They got slap on the wrist fines and not a single bank official was hit with criminal charges.
“All animals are equal, but some animals are more equal than others.” — George Orwell, ANIMAL FARM
” but I’ve got nothing but love for anyone who is trying to fight for the people who have been so badly screwed over by the E$tabli$hment $tatus quo”
Old era, … Current era
ab·o·li·tion·i$t
ˌabəˈliSHənəst/
noun: abolitionist; plural noun: abolitionist$
a person who favors the abolition of a practice or in$titution, especially capital puni$hment or (formerly) $lavery.
“$ocialism is no panacea for economic ill$”
“Heckova job, Ben and Janet.”
To repeat me self: “eye’m as cornfu$ed as an infant in a tople$$ bar”
New ad published yesterday, by the GOP, titled “The Left in 2018: Unhinged”
https://www.youtube.com/watch?v=eFRHX6glTSM
Time For Vengeance! Chris Mathews Freaks Out Over Kennedy’s Retirement
https://www.youtube.com/watch?v=Q9ex4p8_huo
LMFAO! Chris Mathews needs to change his effeminate napkin!
I just got a tingle up my leg! Anyone else?
Calling Mr. Bear! …
Red $tate / Blue $tate, aw pa$haw …
“Eye want my, eye want my, eye want my $$i!!!” (sung to the MTV melody)
Opinion: The next bear market in $tocks will spark a retirement cri$is
By Howard Gold, Published: June 27, 2018 / MarketWatch
A rece$$ion could decimate even sub$tantial retirement portfolio$, and $ocial $ecurity and Medicare are facing shortfall$.
For the 52% of Americans who rely on Social Security for more than half their retirement income and the 25% of retirees who get more than 90% of their income from the program, that would be a disaster.
But the 10,000 baby boomers who will turn 65 every single day from now until 2029 face an even broader retirement crisis that could cause big social and political fallout.
Over the next few years, we will almost surely confront a bear market and recession that could decimate even substantial retirement portfolios, not to mention financially dicey state and local pension plans and the federal government itself. And those governments will have few tools to fight it. Consider:
• We are in the 10th year of an economic recovery and bull market in stocks. The S&P 500 index SPX, -0.59% has more than quadrupled from its March 2009 bottom, for a compound annual growth rate of 17.5% during that time. Since the S&P 500 has averaged a 10% annual gain over the past 89 years, at some point there has to be a reversion to the mean.
We are in the 10th year of an economic recovery and bull market in stocks. The S&P 500 index SPX, -0.59% has more than quadrupled from its March 2009 bottom, for a compound annual growth rate of 17.5% during that time. Since the S&P 500 has averaged a 10% annual gain over the past 89 years, at some point there has to be a reversion to the mean.’
Like Earthquakes in Cali u know it’s coming…
No worrie$, they have in$urance, all of ‘em!
you.can.bet$.on it
Debt for US corporations tops $6 trillion
A huge $6.3 trillion in corporate debt should trouble Wall Street investors facing a stricter rate environment even as cash hoarding reaches a peak, according to S&P Global.
Speculative-grade borrowers have reached a new record-low cash-to-debt ratio of just 12 percent in 2017, below the 14 percent reported in 2008 during the Great Recession.
“These borrowers have $8 of debt for every $1 of cash,” wrote Andrew Chang, primary credit analyst at S&P Global. “We note these borrowers, many sponsor-owned, borrowed significant amounts under extremely favourable terms in a benign credit market to finance their buyouts at an ever-increasing purchase multiple without effectively improving their liquidity profiles.”
The trend persists even among highly rated borrowers: More than 450 investment-grade companies not among the top 1 percent of cash-rich issuers have cash-to-debt ratios
Thomas Franck | CNBC
https://www.cnbc.com/2018/06/27/debt-for-us-corporations-tops-6-trillion-sp-global.html
Yike$, my real fear … fire & broken glass $pirits bottle$
Nearly 9K Whiskey Barrels Damaged in Kentucky Bourbon Warehouse Collapse
June 26, 2018 by Bruce Schreiner
Thousands of whiskey barrels crashed into a massive heap Friday when a large section of a decades-old storage warehouse collapsed at a distillery in the heart of Kentucky bourbon country.
The structure has a 12-foot (3.6-meter) basement to help contain spills, he said.
Officials from the Kentucky Department for Environmental Protection went to the scene, and distillery workers took a number of steps to minimize any environmental risk, Preske said
(Eye wonders, exactly what actions did the distillery workers do?)
Well that explains the sudden unfathomable sadness I felt this morning. At first I thought it was vicarious grief for a 56-year-old white male unceremoniously tossed out of the cushy Democrat Representative job he’d held since 1999, raking in that corporate lobbyist payola for himself and his party machine, who must now make his way as an unemployed, aging white male in our oligarch-looted economic wasteland where “diversity” trumps any other criteria for hiring or advancement.
Then I realized that much like his fellow corporatist stooge Eric Cantor, who like McCrowley got bilged in the primaries by his own fed-up constituents and party members, this “Representative” will be well compensated by his Wall Street masters for services rendered while a “public servant.”
So yeah, instead of vicarious grief over this corporatist stooge being cast into outer darkness, I must’ve been keenly feeling the loss of all that irreplaceable whisky.
A middle-aged white male got his comeuppance and the liberals are all upset?
WTF?
There’s a power struggle to take over the left. POCs are telling whites “get the heck out, we’re running this show now”.
No wonder Trump has an ear to ear grin. A lotta Dems are gonna be staying home this November, after being told by their new betters that they’re the source of all evil in the world and that they need to buy the world a coke or something.
It’s not too late to dump your stawks.
$illy Bear, the $tock market$, like real$.of.e$tate$, … Only goe$ up!
(Be$ides, Warren & Charlie would bee di$appointed in that $ort of $trategy, don’t ya reckon$?)
One can’t help but wonder by what means Uncle Warren keeps the doubting Thomas’s among his disciples faithful during trying times like these.
Arcadia, CA Housing Prices Crater 22% YOY As California Mortgage Fraud Epidemic Worsens
https://www.movoto.com/arcadia-ca/market-trends/
So how about that Justice Kennedy retirement? Seems odd to just hand that to Trump unless you secretly think it’s better than the alternative.
Sonia Sotomayor has diabetes, and other unreported health problems.
She and Ginsburg will leave the Supreme Court before the end of Trump’s 2nd term…
Sure, could be. But I’d love to know what Kennedy is thinking. Whether it’s that he was waiting for Hillary and since that didn’t happen and 2 more years looks like it might turn into 6 more years he’s just giving up? OR…he actually thinks it’s better to let Trump name his replacement than a possible radical SJW type in 2 years that gets elected on the backlash?
Neil Gorsuch was 49 years old at the time of his appointment to the Supreme Court. Add two more Justices after Kennedy’s replacement under the age of 50 to create a 7-2 majority and the 2nd Amendment may be secure for another generation.
This is America’s last stand against globalism and the elimination of national sovereignty.
Ben Jones, there is nowhere left to go. You can’t leave America as a refugee and expect to be free anywhere else in the world. This is it, there’s nothing left…
“You can’t leave America as a refugee and expect to be free anywhere else in the world.”
No Ireland/Irish in yer blood? … $tarters
Ben Jones, there is nowhere left to go. You can’t leave America as a refugee and expect to be free anywhere else in the world.
For starters, no one else in the world will take Americans as refugees, which is why I think it’s a good idea to have a foreign passport, if you can get one.
I do wonder what would happen on the Mexican border should a civil war break out in the US? Would Mexicans fleeing back to Mexico be rejected at the border and told there’s no room at the Inn?
“So how about that Justice Kennedy retirement?”
“Hillary Supporter Screams as Trump takes oath”
https://www.youtube.com/watch?v=q2qraZKD4hI
$omeone who $tarts $tockpiling ru-486 for black market di$tribution$ is gonna, 1. Provide an underground$ $ervice … but also … 2. $ubvert “MY morals are your morals” & 3. Expose Republican.Christian women who have had/have abortions, … past, present, & future
Got popcorn in the pantry!
The environmental protection workers and the distillery workers threw a party and drank the whiskey to avoid a spill.
Given the leader$hip of this EPA, eye reckon your dead right$.
If I was a .gov or state worker drone I’d have a can of Union-B-Gone out after todays SC decision and I’d be spraying every roach (useless fleshbot) I encountered.
Next up, scale back their insane fraudulent pension benefits and maybe joe taxpayer can get some relief.
Not tired of winning!
retire age 55 w 75% of pay where I live
Trio Pim Jacobs Ft. Wes Montgomery live in Holland 1965
https://www.youtube.com/watch?v=HmUUi6wGwRA
Loverly …
New Orleans in the late 1800s was a remarkably cosmopolitan city, with a more racially egalitarian society than the rest of the American south. In that city, distinct musical trends began to develop, fusing elements of West African musical traditions with European harmonic structures. Musicians used readily available military band instruments left in pawn shops after the end of the American Civil War.
http://theconversation.com/explainer-the-history-of-jazz-51729
Hey FBI man, how ’bout doing your JOB and upholding the law impartially?
https://www.marketwatch.com/story/fbi-agent-tells-lawmakers-that-despite-texts-no-political-bias-in-his-work-2018-06-27
Hurry, hurry, hurry, iffin’ ya buy$ right now (hurricane $eason in progre$$) … You can get x2 ( + $mall e$crow fee$ added) … Don’t procra$tinate!!!
Home prices are plummeting in Puerto Rico—what buyer$ need to know
By Jacob Passy, Published: June 28, 2018 12:13 a.m. ET
Buyer$ should think twice before ru$hing in to $core a deal on the Caribbean i$land
Home prices could very well continue to track downward across Puerto Rico in the months, or even years, to come. A major natural disaster like Hurricane Maria can trigger a vicious cycle in a housing market that depresses prices, Blomquist said.
Homeowners may find it difficult to afford monthly mortgage payments. Meanwhile, other owners may sell their homes to escape the disaster-stricken area. Those homes, combined with the foreclosed properties, drive home prices down.
Also read: How to find a contractor after a hurricane (hilarious!)
Puerto Rico is already well into this cycle: Hurricane Maria resulted in an extra 57,000 mortgages going into delinquency
Did the Megabank, Inc ETF you are HODLing get schlonged?
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Market Extra
Why one proxy for the health of the U.S. economy just logged its worst losing streak ever
By Mark DeCambre
Published: June 27, 2018 4:34 p.m. ET
Popular bank ETF, the XLF, is on track to notch a 13th straight decline
Bloomberg News
Headwinds for the banking sector?
It was unlucky 13 for financials on Wednesday, with a popular banking sector exchange-traded fund extending its longest ever losing streak and underscoring the headwinds facing lenders despite signs of a strengthening U.S. economy and the rollback of unfavorable regulations.
On Wednesday, the Financial Select Sector (SPDR ETF XLF, -1.24%) also known as the XLF, marked its 13th consecutive drop. The ETF, which comprises some of the biggest banks, including JPMorgan Chase & Co. (JPM, -1.54%) Citigroup Inc. (C, -1.28%) and Bank of America Corp. (BAC, -1.05%) already registered its worst losing streak ever on June 21, when it put in a ninth consecutive drop, according to WSJ Market Data Group.
…
It’s all downhill from the tepid Echo Bubble peak to the Housing Bubble’s final resting place at the bottom. R.I.P.
May all your children be able to purchase their dream homes at prices which won’t forever mire them in debt slavery.
We’re probably at peak housing. Here’s what that means.
By Andrea Riquier
Published: June 28, 2018 8:16 a.m. ET
A decade after the housing crisis, sales may have reached an unimpressive top
In May, sales of previously-owned homes slumped, the second month in a row of declining sales. The National Association of Realtors, which tracks those sales, pointed to the same culprit it’s blamed for the past few years: not enough supply of homes to buy.
Shortly after the Realtors released their data, Regions Chief Economist Richard Moody wrote this in a research note: “Given that we see little reason to expect meaningful relief on the inventory front over coming quarters, we think it reasonable to conclude that we have passed the cyclical peak for existing home sales.”
…
LMFAO. What a bunch of dumbshits the shortage people are:
“(It’s also worth noting that many voices have spent the last several years, seemingly ever since the last bubble burst, squawking about a new bubble. And it’s true that prices in many metros keep pushing higher and higher, defying the laws of logical market dynamics. But that’s been driven by outsize demand and lean supply that can’t keep up, not speculation.)”
Another day, another triple digits down priced into the Dow futures…
The Plunge Protection Team appears to be trying to draw a line in the sand early today. Will they be able to defend the line against an avalanche of sell orders? Only time will tell.
Make La Raza Great Again!
https://www.youtube.com/watch?v=R-y3DB0wLh4