January 22, 2013

Bits Bucket for January 22, 2013

Post off-topic ideas, links, and Craigslist finds here. And check out Chomp, Chomp, Chomp by a regular poster!

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Comment by sleepless_near_seattle
Comment by Ben Jones
2013-01-22 04:56:06

‘Obama’s Inaugural Speech Misleadingly Suggests End to Perpetual War’


Given Obama’s mention of perpetual war, the wisdom of civil rights leader Martin Luther King Jr., who the United States celebrates today, should be remembered. During an April 4, 1967, speech at Riverside Church on the Vietnam War, he read the following from Buddhist leaders in Vietnam:

‘Each day the war goes on the hatred increases in the heart of the Vietnamese and in the hearts of those of humanitarian instinct. The Americans are forcing even their friends into becoming their enemies. It is curious that the Americans, who calculate so carefully on the possibilities of military victory, do not realize that in the process they are incurring deep psychological and political defeat. The image of America will never again be the image of revolution, freedom and democracy, but the image of violence and militarism.’

‘Perhaps the more difficult but no less necessary task is to speak for those who have been designated as our enemies. What of the National Liberation Front — that strangely anonymous group we call VC or Communists? What must they think of us in America when they realize that we permitted the repression and cruelty of Diem which helped to bring them into being as a resistance group in the south? What do they think of our condoning the violence which led to their own taking up of arms? How can they believe in our integrity when now we speak of “aggression from the north” as if there were nothing more essential to the war? How can they trust us when now we charge them with violence after the murderous reign of Diem and charge them with violence while we pour every new weapon of death into their land? Surely we must understand their feelings even if we do not condone their actions. Surely we must see that the men we supported pressed them to their violence. Surely we must see that our own computerized plans of destruction simply dwarf their greatest acts.’

‘A true revolution of values will soon cause us to question the fairness and justice of many of our past and present policies. n the one hand we are called to play the good Samaritan on life’s roadside; but that will be only an initial act. One day we must come to see that the whole Jericho road must be transformed so that men and women will not be constantly beaten and robbed as they make their journey on life’s highway. True compassion is more than flinging a coin to a beggar; it is not haphazard and superficial. It comes to see that an edifice which produces beggars needs restructuring. A true revolution of values will soon look uneasily on the glaring contrast of poverty and wealth. With righteous indignation, it will look across the seas and see individual capitalists of the West investing huge sums of money in Asia, Africa and South America, only to take the profits out with no concern for the social betterment of the countries, and say: “This is not just.” It will look at our alliance with the landed gentry of Latin America and say: “This is not just.” The Western arrogance of feeling that it has everything to teach others and nothing to learn from them is not just. A true revolution of values will lay hands on the world order and say of war: “This way of settling differences is not just.” This business of burning human beings with napalm, of filling our nation’s homes with orphans and widows, of injecting poisonous drugs of hate into veins of people normally humane, of sending men home from dark and bloody battlefields physically handicapped and psychologically deranged, cannot be reconciled with wisdom, justice and love. A nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual death.’

Comment by Cantankerous Intellectual Bomb Thrower©
2013-01-22 05:12:28

My sister’s comment on this point: “Actions speak louder than words.”

Comment by goon squad
2013-01-22 05:18:37

No defense contractor left behind!

Comment by joe flacco bobo smith
2013-01-22 07:52:44

I pledge allegiance… to the C-level executives of Lockheed Martin…

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Comment by 2banana
2013-01-22 08:47:50

At White House Request, Lockheed Martin Drops Plan to Issue Layoff Notices

Defense contractor Lockheed Martin heeded a request from the White House today — one with political overtones — and announced it will not issue layoff notices to thousands of employees just days before the November presidential election.


Comment by Albuquerquedan
Comment by Cantankerous Intellectual Bomb Thrower©
2013-01-22 05:07:36

Check out the overnight dips on oil prices and the Global Dow. It almost appears there was a large-magnitude financial earthquake overnight, with no aftershocks.


Comment by Cantankerous Intellectual Bomb Thrower©
2013-01-22 05:11:28

Jan. 21, 2013, 8:16 p.m. EST
Money can’t buy growth
Evidence shows monetary stimulus in China, U.S. isn’t working
By Andy Xie

BEIJING ( Caixin Online ) — Since Alan Greenspan became the Fed chairman in 1987, there has been a policy consensus on the primary role and effectiveness of monetary policy in cushioning an economic downturn and kicking it back to growth.

Fiscal policy, due to the political difficulties in making meaningful changes, was relegated to a minor role in economic management. Structural reforms have been talked about, but not taken seriously as a tool in reviving growth.

In the four years after the global financial crisis that began in the summer of 2008, the United States’ monetary base more than tripled and China’s M2 has doubled. This is the greatest experiment in monetary stimulus in modern economic history.

Staving off crisis and reviving growth still dominate today’s conversation. The prima facie evidence is that the experiment has failed. The dominant voice in policy discussions is advocating more of the same.

When a medicine isn’t working, it could be the wrong one or the dosage isn’t sufficient. The world is trying the latter. But, if the medicine is really wrong, more and more of the same will kill the patient one day.

When the crisis began, I predicted how central banks and governments would react: they would ease monetary policy and increase fiscal deficits, the medicines wouldn’t work, they would increase the dosage and the end game is worldwide stagflation.

I argued in favor of monetary and fiscal stimulus to the extent to stabilize the situation, not to revive growth. The latter needed structural reforms to be achieved.

Structural reforms are difficult because they would upset a lot of people and are slow in producing results. Smart and powerful people usually want to produce quick results to show their worth. This is why policy actions often take the path of least resistance, even if they lead the world to the edge of the cliff.

Comment by Ben Jones
2013-01-22 05:42:22

‘I argued in favor of monetary and fiscal stimulus to the extent to stabilize the situation, not to revive growth.’

Yet that’s the government/central bank stated plan. Higher stock/house prices will save us all.

Comment by azdude
2013-01-22 07:14:17

stocks and home equity appear to be the answer to the jobs that have vaporized.
In CA they cant seem to figure out that the private sector is the area where they need to focus on growth, not more govt jobs and fees. What I see is more regulation on the private sector so state agencies can collect more fees and hire more people to support the unions.

Comment by 2banana
2013-01-22 07:56:40


Higher taxes + bigger government + insane public unions = prosperity

The 47% have spoken.

Now get back to work and pay your fair share.

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Comment by In Colorado
2013-01-22 13:01:24

Now get back to work and pay your fair share.

If more people could do that (had Corporate America not offshored their jobs) we wouldn’t be in this pickle now, would we?

Comment by tresho
2013-01-22 13:03:14

If more people could do that (had Corporate America not offshored their jobs) we wouldn’t be in this pickle now, would we?
If wishes were horses, then beggars would ride.

Comment by Cantankerous Intellectual Bomb Thrower©
2013-01-22 13:46:27

“Yet that’s the government/central bank stated plan.”

Well, I believe Xie is in Red China. In light of this, is his suggestion surprising?

Comment by goon squad
2013-01-22 06:03:18

Obama is going to destroy “American Exceptionalism” by implementing ruinous, anti-capitalist, anti-free market, climate change policies.


And he’s going to take the guns away.

And he’s going to implement Sharia law.

And he’s going to legalize gay marriage.

“Real Americans” better wake up and Take America Back!

Comment by Bluestar
2013-01-22 07:10:03

Watch Obama approve the Keystone pipeline. The kicker will be a matching renewable energy program to partially offset the environmental impacts. Win-win or lose-lose?

Comment by oxide
2013-01-22 08:37:32

The main objection to the Keystone XL was its path through the Sand Hills of Nebraska. Last September, TransCanada submitted a new path around the environmentally sensitive regions. The protests now are about oil pipelines, climate change, and geopolitics in general. The whole mess is still being studied.

Comment by Bluestar
2013-01-22 08:56:17

Why don’t they refine it before they ship it down to the Gulf coast for export?

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Comment by Albuquerquedan
2013-01-22 09:27:30

Spend billions to build new refineries which will are not now since they exist on the Gulf coast and certainly not be needed in thirty years. Also they will require pipelines to bring the products to where it is demand. Does not sound like sound economics.

Comment by Albuquerquedan
2013-01-22 09:53:23

“Needed” was left out.

Comment by Bluestar
2013-01-22 10:15:43

Seems like we need our refineries for the big increase in our own domestic production or else it may squeeze out our access to our own products. Also, won’t this make our retail prices compete with the international prices for refined petroleum products?

Comment by Albuquerquedan
2013-01-22 10:37:27

We have enough refinery capacity and it makes no sense to build one in ND and then have to ship by pipelines the products produced there. The Gulf coast has enough refineries to meet U.S. demand, it is just a question of the oil to feed them. Will it be shipped from overseas or supplied by the U.S.?

Comment by tresho
2013-01-22 12:47:00

it is just a question of the oil to feed them.
The principal question is, how much will the oil costs that feeds and supports the US economy? Whether it’s produced domestically or imported, that cost is part of what is crushing or retarding the US economy. US military presence in Saudi Arabia for decades is part of this cost, but I don’t think it’s even the main part.

Comment by RioAmericanInBrasil
2013-01-22 09:10:44

matching renewable energy program to partially offset the environmental impacts. Win-win or lose-lose?

Win-win IMO. America will most rely on oil for at least the next 30 years, however it’s time to make a national and sustained push for alternatives.

If a country like Brazil can do it, USA sure can too.

Comment by In Colorado
2013-01-22 13:36:29

Ah! But do Brazilians use F-350’s with truck nutz on the trailer hitch as their commuter car?

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Comment by goon squad
2013-01-22 14:20:07

The Brazilians are probably less inhibited about sex than “Real Americans” and are getting it more than the lonely USA boyz who try to overcompensate with the truck nutz and whose sexual experience is most often as a rugged individualist.

Comment by joe flacco bobo smith
2013-01-22 07:57:04

When I see the sharia law claim I think, why would social conservatives have a problem with that? Harsh criminal penalties, death penalty, “speedy trials” for the accused, no more safe/legal abortion, etc etc.

Comment by 2banana
2013-01-22 08:35:11

Because, obviously, you have no idea what a conservative stands for.

Here is a clue.

Limited government
Personal Freedom
Economic opportunity

Now go back to your “government should be Santa Claus” view of the world…

Comment by oxide
2013-01-22 08:56:38

Evidently you don’t know what conservatives stand for either. Limited government, personal freedom, and economic activity are features of libertarianism.

I can’t quite figure out conservatism.

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Comment by 2banana
2013-01-22 09:05:30

Doesn’t seem to stop you from demonizing them…

I can’t quite figure out conservatism.

Comment by sfhomowner
2013-01-22 12:49:40

I can’t quite figure out conservatism.

Government intervention and entitlements in the areas we want, nothing for the people we disagree with.

Comment by tresho
2013-01-22 14:09:16

Government intervention and entitlements in the areas we want, nothing for the people we disagree with.
That is close to the definition of rent-seeking.

Comment by In Colorado
2013-01-22 09:11:38

Limited government
Personal Freedom
Economic opportunity

Funny how the past few “conservative” administrations gave us none of those. Under last “conservative” administration government grew 50%, they passed the freedom killing Patriot Act, and the offshoring juggernaut decimated the middle class.

To paraphrase Mahatma Gandhi: Q: What do you thing of the conservative movement? A: I think it would be a great idea.

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Comment by Ryan
2013-01-22 09:17:23

But here we are. GWB: Term 4.

If another Democrat or Republican wins in 2016, it will more than likely be Term 5.

Comment by 2banana
2013-01-22 09:39:47

Who ever said George Bush was conservative?

The are just a few conservatives in the Republican Party.

The democrat party had a few of them too - last seen in the 1980s…

Comment by In Colorado
2013-01-22 10:16:35

But here we are. GWB: Term 4.


Comment by In Colorado
2013-01-22 10:19:51

The are just a few conservatives in the Republican Party.

Yet you were rooting for Mittens and his guys to win.

Comment by 2banana
2013-01-22 10:27:14

Compared to obama? At least there was SOME hope on SOME issue with Romney.

Oh well, we have hope and change for four more years.

Trillion dollar deficits. Gun control and gun bans. Illegals getting citizenship. More bailouts to wall street. Higher and higher housing prices. More drone attacks. Kill list of American citizens.

The 47% vote and want their cheese. Welcome to America.

Yet you were rooting for Mittens and his guys to win.

Comment by In Colorado
2013-01-22 12:36:20

Why vote for either? Wasn’t there a libertarian candidate?

Comment by RioAmericanInBrasil
2013-01-22 09:13:55

conservative stands for.

Limited government (Except for a massive police/military state)
Personal Freedom (Republican SCOTUS judges vote otherwise)
Economic opportunity (?? LOL, BS. Only for the 1%)

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Comment by Albuquerquedan
2013-01-22 09:57:24

Which ironically was once called a liberal. When Lenin referred to liberals being useful idiots, he was talking about people that believed in democracy and held the values you identified. This is my problem with labels, they change too much over time to be useful.

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Comment by Albuquerquedan
2013-01-22 10:05:37

BTW, government must move fast on global warming if it wants to take credit for declining temperatures. December was only .44C above the norm compared to 1998 being .61 C above the norm and January is setting up to be even cooler. The Pacific is rapidly cooling taking the planet with it: http://www.cpc.ncep.noaa.gov/products/analysis_monitoring/lanina/enso_evolution-status-fcsts-web.pdf

Comment by alpha-sloth
2013-01-22 10:55:49

Why do you always use 1998 as your comparison year, AQDan?

Some special fondness for that particular year? Or what?

Comment by Albuquerquedan
2013-01-22 11:18:21

I also use 420,000 of history. But the reason to use 1998 is obvious, it is the year when it became clear that we had a peak in temperatures. This peak was entirely contrary to the AGW crowd’s models that expected us to set a new record every couple of years. They used the number in 1998 to “prove” global warming and now they want to ignore it. It should not even be close according to them, at the time, we should be about .75C above 1998 by now. But if you look at the period 1978-1998 you see the following factors (1) sunspot activity high (2) PDO in warming period (3) Atlantic ocean in warming period (4) large numbers of El nino years very few la nina years.

As you can see many natural factors for warming. Despite, that AGW scientist in their models attributed vs. all the warming to co2. That is why their models have been so wrong, particularly James Hansen’s model predictions. Bottom line you can not warm 5-7 C over the next century as stated by the alarmists, until you break 1998 in a meaningful way.

Comment by polly
2013-01-22 11:24:55

Google “1998 El Nino”.

It was a very warm year because of a huge El Nino. Giant spike in the graphs. Up until recently Dan was demanding that the spike be equalled in a year with no El Nino as his proof of the existance of any warming of the climate at all. Kind of like demanding that a room be as bright as it was when 50 100 watt bulbs were on as proof that the sun has come up.

Comment by ahansen
2013-01-22 12:22:35

“…the AGW crowd’s models that expected us to set a new record every couple of years….”

So many questions! What models were those, Dan? And who is this “AGW” “crowd” you keep referring to? (”Crowd” as opposed to the miniscule handful of cranks whose discredited rhetoric you parrot daily here on a housing blog?) And why would you reference 30-year old computer models as reason to disparage the state of the discipline today? Or are you just a hack with an agenda?

The only difference between actual scientists (like James Hansen’s) predictive models and your own half-baked ravings is that when confronted with new evidence, scientists reevaluate their models. Not sure from whence this constant harping on “5-7C increase” eminates, (did you mean .5-.7C?) but it makes your trolling on this topic sound increasingly unhinged.

Land and atmospheric temperatures are just a small fraction of what comprise the data; surface temperature averages are not an accurate measure of global warming. Why do you keep insisting they are?

Maybe you should stick with history of the ME, where at least it appears you’ve an academic grounding? Your intellectual cred is taking a self-inflicted beating here….

Comment by Albuquerquedan
2013-01-22 12:58:14

No, I mean 5-7 C because that what the idiot Hansen predicted and many like him. We were suppose to have .5C or more increase in temperature per decade. If we are going to have only .5-.7 C over the next century global warming is not even a problem. That amount of warming would be very beneficial and a century is enough time for man and even animals to adapt, it falls within normal climate change amounts.
Yes, 1998 had a strong el nino but the AGW crowd said at the time natural factors were swamped by man made warming. Hansen you have no cred your posts show you do not even understand the issues or you have studied the predictions made at the time. Exceeding 1998 should have been quite easy. That is what even the climate gate e-mails said. Until you exceed 1998 in a major way, the predictions made by the AGW crowd are a joke. We are suppose to believe models that have been totally wrong for over 15 years going forward? That is the definition of insanity.

Comment by Albuquerquedan
2013-01-22 13:05:49

Polly, you really think demanding warming of about .1-.3 C is a lot when Hansen was predicting that much warming in less than five years? You look at the predictions Hansen made in 1988 and I have posted them numerous times on this blog and you will see that Hansen should resign if he had any sense of duty, he clearly missed his prediction and is an advocate not a scientist in the debate. I will say it again, I need to see .1C of warming over 1998 in a non-el nino year to make me think that AGW might be more significant that my estimate that around 90% of the GW between 1978 and 1998 was natural . Which would be about .3c of manmade warming. That is less than 1/10th of the warming that the alarmists are predicting so I hardly think that is an unreasonable request.

Comment by Albuquerquedan
2013-01-22 13:16:57

Besides looking at the previous posts, you can look at this one:


But the bottom line is always the same you can not have AGW without GW and we have not had that for over 15 years. All the instability was suppose to be caused by co2 raising the global temperature and we do not have that. Hansen just shows herself to be the underachieving rich brat that she was when she does not refute my articles but name calls. So I say it again Hansen you were born on second base and you think you hit a double. You were and still are the loser of your family.

Comment by Albuquerquedan
2013-01-22 13:26:34

My numbers are correct: http://www.ncpa.org/pub/ba299

Comment by Albuquerquedan
2013-01-22 13:50:26

As much as I would like to exchange insults since you cannot refute the links, I need to go. However, this is my final thought if man made warming only raises the global temperature .5 to .7 c over a hundred years than I will be vindicated not the James Hansens of this debate. I have asserted for over 6 years that I thought CO2 only caused 1/7 of the warming between 1978-98 and that co2 was only 1/7 of the heating agent claimed by the AGW crowd. So that number which is 1/10 of the number claimed by Hansen would be about right. Of course, that depends on whether we go into a solar minimum for a protracted period if that happens we could be much cooler in a hundred years than now. If we just go into a protracted period of twenty years of lower solar activity which is what I think is most likely than it will swamp the man made warming for twenty years.

Comment by ahansen
2013-01-22 16:02:26

Your website is a lobbying front funded by the Koch Brothers. The “data” you cite are a perfect example of the fallacy of incomplete information, and while I give you a smidgeon of derivative credit for your “born on second base” line, the truth is I was born on home plate and immediately set about making my way out to right field and into the strawberry patches beyond. What a shame you’re still wiping the tobacco spit off bats for the big boys in the dugout. ;-)

Comment by Bluestar
2013-01-22 20:07:56

Historic Sudden Stratospheric Warming Continues.

Current event shatters records… research links to AGW effects on upper atmosphere and suggests Jan-Mar northern hemisphere will trend cooler than global climate models predicted.



layman translation: The extra heat in the lower atmosphere of the tropical and sub-tropical regions are creating continental sized ‘thermals’ that are pushing up into the stratosphere and destabilizing the arctic vortex.

Comment by Bluestar
2013-01-22 08:47:54

Then there is that part of Sharia that forbids usury, also know as interest on debt. I’m not quite sure how that works but somehow they square it with their religion. Maybe there is a loophole where interest is just called something else.

Comment by In Colorado
2013-01-22 09:05:10

Prior to the Reformation, Christianity also forbade charging interest.

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Comment by RioAmericanInBrasil
2013-01-22 09:17:42

Maybe there is a loophole where interest is just called something else

There are.

What is Islamic Financing?


…..Banking institutions which offer Islamic financing pledge not to involve their funds in haraam industries, so that Muslims can avoid the taint of forbidden businesses. They also use a variety of creative techniques to get around the prohibition on paying interest so that Muslims can still get loans and financial assistance.

For example, a bank might buy a home or car and lease it to a customer, or sell it in installments, for a profit. Since the bank is not charging interest, the loan is considered to be acceptable. A bank might also offer a business loan in return for a share of the profits for a set period of time, distinguishing this as a fee, rather than as interest. A variety of other techniques may be used in Islamic financing to connect the Muslim community with sources of loans which can be used for improvement.

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Comment by In Colorado
2013-01-22 10:21:09

So Rent To Own is a Sharia concept?

Comment by Bluestar
2013-01-22 10:23:26

Looks like most of the loopholes involve the lender having some skin in the game. Maybe that’s why there aren’t many middle eastern mega-banks.

Comment by zee_in_phx
2013-01-22 10:48:34

“Looks like most of the loopholes involve the lender having some skin”

exactly, that way the lender is the owner of the underlying asset and has a vested interest in making sure the client can make the payments.

Comment by ecofeco
2013-01-22 11:04:38

“So Rent To Own is a Sharia concept?”

How about that.

“Maybe that’s why there aren’t many middle eastern mega-banks”

Sure there are, but they don’t fit the Western civilization propaganda narrative.

Here’s a list of the top ten.


Comment by sfhomowner
2013-01-22 12:56:39

The religious loopholes always seem so flimsy to me. Like the electronics that help observant Jews not turn anything on during the Sabbath.

I guess using drones to kill allows people to obey the commandment not to kill.

Comment by tresho
2013-01-22 13:52:46

Like the electronics that help observant Jews not turn anything on during the Sabbath.
They used to hire “Sabbos goys” to light fires for them. Wiki: Before the 20th century Shabbos goys most commonly lit (or re-lit) stoves in Jewish homes in the winter. In the 20th century, Colin Powell, Mario Cuomo, Martin Scorsese, Floyd B. Olson, and the adolescent Elvis Presley assisted their Jewish neighbors in this way.
Not all these ‘loopholes’ are flimsy, but a lot of them are.

Comment by polly
2013-01-22 15:54:14

The Shabbos goy loophole is particularly flimsy. You can’t light a fire because it is “work” and work is forbidden on the Sabbath. However, if you read the rule in the decalog, it says you aren’t supposed to work but also that your man servant and maid servant aren’t either. So if you hire someone to do something personal for you (employee is pretty much like a man servant or maid servant) then you are already violating the rule. Not an interpretation of the rule (which is where making a fire = work comes from) but the text of the rule itself.

I’ve always thought it fell somewhere between “that doesn’t sound right” and “you have to be kidding me.” Lots of legal fictions end up like that.

Comment by Bluestar
2013-01-22 18:36:13

Thanks to everybody who enlightened me as to the many ways capitalism can defeat religious tenants. Well there is always Mormonism plus you get a planet to rule in heaven.

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Comment by goon squad
2013-01-22 06:06:54

Is our food shrinking?

File this one under “let them eat i-pads”


Comment by oxide
2013-01-22 07:04:17

On a similar note, moulding at Home Depot is now sold in 7-foot lengths. Didn’t it used to be 8 feet, so you could go all the way across a small bedroom with one piece?

Comment by goon squad
2013-01-22 11:50:20

Yeah, but if you wait long enough, those pieces of moulding will be 65% shorter.

Comment by azdude
2013-01-22 07:16:46

can of tuna @ 5.5 oz approaching 1.00 around here. Anyone notice how coke keeps coming out with smaller product size and increasing the price per oz? The new gimmic is the 1.5 liter bottle priced at what a 2 liter use to be, scammers!!!!!!!!!!

Comment by 2banana
2013-01-22 07:30:10

There is no inflation.

Just smaller portions for the same amount of money.

But NO inflation.


Comment by polly
2013-01-22 07:32:48

Where do you find 5.5 oz cans of tuna? They are 5 oz around here and have been for a few years.

Comment by aNYCdj
2013-01-22 09:01:42

They used to be 6.5 oz………I’m waiting for the Big one… a pound of 14.75 oz pasta….

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Comment by oxide
2013-01-22 12:44:38

Designer pastas are 13.25 oz. Will that work? Go to google images for “whole wheat pasta box.” For example:


(scroll down a little)

Comment by aNYCdj
2013-01-22 19:21:20

ahh yuppie pasta and 500ML of pasta sauce, just enough to grace the edges of the organic spinach pasta

Notice the recipe calls for 1 pound Barilla® Whole Grain Thin Spaghetti.

Comment by Robin
2013-01-22 17:42:35

5 Oz. at the 99cent store in the Left Coast OC.

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Comment by michael
2013-01-22 07:49:52

it’s the federal reserve and this administration that are the scammers…coke is just adapting.

Comment by michael
2013-01-22 07:59:54

“Anyone notice how coke keeps coming out with smaller product size and increasing the price per oz?”

my wife thinks they are “cute”.

Comment by AmazingRuss
2013-01-22 08:11:49

Given what that stuff does to you, maybe it isn’t such a bad thing.

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Comment by MiddleCoaster
2013-01-22 08:50:52

I used to love that battery-acid flavor.

Comment by palmetto
2013-01-22 10:11:20

Yeah, especially when it gets all up in your sinuses.

Comment by sleepless_near_seattle
2013-01-22 12:15:04

Given what that stuff does to you, maybe it isn’t such a bad thing.

I was watching a Nightly News broadcast last week where they were discussing the “obesity epidemic” and they cited Coke as “doing it’s part” to reduce the risk by decreasing it’s can/bottle sizes.

Convenient cover just in time, I’d say, lest they be accused of selling less for more.

Comment by ahansen
2013-01-22 12:36:53

LOL, great observation, sleepless.

If folks would stop buying processed stuff that comes in cans and packages, they’d find that the price of actual food is remarkably stable.

Comment by oxide
2013-01-22 12:47:41

ahansen are you sure? Groud beef and apples are climbing up and the price of milk fluctuates so much that we use it as a metric.

Comment by tresho
2013-01-22 13:53:51

Ground beef and milk always come packaged at the stores I buy from.

Comment by polly
2013-01-22 13:59:09

Apples are up this year because of weather. Last spring was warm very early. The trees came into flower early. There was a severe cold snap later in the spring that took out a lot of the fruit at a very, very early stage of development. People in souther Ontario were talking about having lost 50% of the crop of certain varieties. A lot of the North American apple crop (not all) is from areas that had similar weather issues.

Comment by tresho
2013-01-22 14:00:58

There has been NO increase in the cost of apples I steal from my neighbor’s back yard. So there!

Comment by polly
2013-01-22 14:01:26

Also, my dad tells me that when he was a kid, the individual serving coke bottle were 6 ounces - and a couple of kids would share them. After a whole afternoon riding their bikes and playing outside each kid would get a swallow each.

Comment by tresho
2013-01-22 14:05:15

We shared those small Cokes, and very seldom bought one. Our sweetened drinks were Kool-aid, and mom put as little sugar in that as she could get away with.
A pint of ice cream was shared 5 ways.

Comment by tresho
2013-01-22 14:07:48

Getting truly unprocessed milk: 18-sec YouTube video

Comment by oxide
2013-01-22 14:39:54

In the mid-Atlantic, apples were fine this year. It was the peaches that got wiped.

I wonder how much Coke cost during those days of sharing — was it proportionally more than today? Weren’t parents were far more stingy with the allowance money back then too? (I never got an allowance, just b-day money.) Kids didn’t get enough $$ to waste on Coke. Last month I was at the mall on a Friday afternoon and was stunned at the number of 16-17 year olds, still in their plaid school uniforms, sucking down grande lattés and designer smoothies as they shopped and flirted. Was this allowance money? If they had worked an actual lucky ducky job, I can’t imagine that they would spend a whole hour (after tax) of work on a quick sugar bomb.

Comment by tresho
2013-01-22 15:34:10

Back in the mid & late 50’s, we got no allowance. There were a great many pick-up jobs kids could do for spending money, some of the money came from our parents, some from other’s parents & some from more regular sources. I mowed some people’s lawns and picked cherries in the summer for 50 cents a lug. Sometimes we competed with braceros brought up from the south. Friends of mine would get hired in work gangs to be trucked out to fields to hoe potatoes. Kids delivered papers to front porches. Spending 35 cents at McDonald’s for a burger, fries and a soda pop were major outlays.

Comment by Robin
2013-01-22 17:46:38

I remember 15 cent burgers at McDonald’s when I had my paper route at 14.

Seemingly no equivalent opportunity for many young people now. May lower obesity?

Comment by sfhomowner
2013-01-22 12:59:29

Size matters:

When Subway’s Footlong isn’t a foot long (more like 11 inches)

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Comment by oxide
2013-01-22 13:28:37

I’m just glad that aluminum is recyclable. Smaller cans means more container per product, cute or not.

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Comment by goon squad
2013-01-22 14:26:59

Why do you hate American Exceptionalism?

Recycling is for sissies!

Comment by sfhomowner
2013-01-22 15:57:58

Recycling is for sissies!

True that. I am always surprised when I go to other cities by how little they recycle. Only 20% of all SF’s garbage goes to the landfill- the rest is recycled and composted.

Coming on the heels of the city’s 2009 municipal ordinance requiring city-wide source separation of all organic materials, the first large-scale urban food waste and composting program in the country has not only helped reduce the city’s greenhouse gas emissions to nearly 12 percent below 1990 levels; it’s also catapulted San Francisco to a staggering, nation-leading 78 percent waste diversion rate.

Just a few years ago, a zero-waste city was considered a futuristic scenario. Now, the city by the bay is on track to be the first and only North American city to achieve this impressive goal — and it plans to get there by 2020. (http://www.alternet.org/story/155039/where_no_city_has_gone_before%3A_san_francisco_will_be_world%27s_first_zero-waste_town_by_2020)

Comment by oxide
2013-01-22 16:20:44

“zero waste city”

We should suggest this for Glenn Beck’s planned Freedom Utopia city-state-thingy, the one with all the artisans and craftsman.

Comment by Bluestar
2013-01-22 07:06:08

Money well spent?
“The first phase of the most critical rock removal work on the Mississippi River near Thebes, Ill., was completed ahead of schedule last week, deepening the navigation channel by two feet in just three weeks.”

“The Corps has used every resource available to us to successfully sustain navigation,” said Maj. Gen. John Peabody, Mississippi Valley Division Commander. “The success of the rock removal work, combined with recent and forecast rain, increases our confidence we will sustain an adequate channel through this spring,” he added.”

This is man made geo-engineering. Pretty impressive when we get it right.

Comment by alpha-sloth
2013-01-22 07:45:48

This is man made geo-engineering. Pretty impressive when we get it right.

Well, they removed some rocks. That ain’t exactly rocket science.

Comment by alpha-sloth
2013-01-22 08:13:31

When I lived on the Savannah River, they were constantly digging out, and redigging out, the shipping channel that brought the big ships from the ocean up the river to Savannah. They had a barge-type boat that had big ‘telephone’ poles at each corner, they’d putter to some spot where I guess they detected obstacles, park over top, drop all four poles and raise themselves up like they were a drilling rig. Then they’d do whatever to remove the obstacle. I doubt it was hoe-ramming, this looked more like sand and mud removal with an underwater ditch witch.

I always thought it might be neat to have a private boat that could turn itself into a stilt house when needed. It also reminded me of something that fascinated me when I used to visit Miami as a child: Stiltsville.


Comment by Pimp Watch
2013-01-22 07:46:27

Underwater hoe-ramming. That ought to be loads of fun.

Comment by White rhino
2013-01-22 22:58:02

At least you have a sense of humor

Comment by 2banana
2013-01-22 07:58:13

If it is not a reality show - did it really happen?

Comment by Bluestar
2013-01-22 08:14:09

Was it money well spent? Your tax dollars at work right?

Comment by 2banana
2013-01-22 08:36:44

Better we give the 47% obamaphomes and free medical/education for illegals…

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Comment by In Colorado
2013-01-22 09:03:31

Do you really believe that half the country gets free cell phones?

Comment by joe bobo flacco smith
2013-01-22 11:03:33

“Do you really believe that half the country gets free cell phones?”

It was linked on Drudge and discussed on Rush/O’Reilly. Duh.

Comment by In Colorado
2013-01-22 13:34:25

A quick looksie with google shows that there are 8 million “obamaphones”. Since 47% of the populace would be about 150 million people, it’s a pretty safe bet that most of those folks don’t have one.

Comment by joe flacco bobo smith
2013-01-22 07:50:18

Kind of off topic, but Richard Fisher of the Dallas Fed is frequently mentioned positively on HBB. His son is an actor in LA, and has acted in some interesting music videos, commercials, etc.


Comment by joe flacco bobo smith
2013-01-22 08:27:28

The above link is to a music video remake of a song by the Talking Heads.

Comment by Arizona Slim
2013-01-22 12:43:49

He looks like his dad, whom I’ve met.

Comment by joe bobo flacco smith
2013-01-22 14:31:28

surprisingly good video. he seems like a much less creepy version of tom cruise to me.

Comment by 2banana
2013-01-22 07:54:41

Leaving leftist big government is never easy.

“Mr. Obama, tear down this wall.”


Fleeing California Taxes? Get In Line
Forbes | 01/16/2013 | Robert W. Wood

Is it any wonder that many small and medium sized businesses are moving out of California? In the recent elections, California Voters Sock It To The Rich. As the Wall Street Journal noted, some are promising businesses a better life elsewhere. Being courted must be refreshing but it is important for a company and its owners to have reasonable expectations and to budget for drilling down into California’s rules.

After all, leaving is not always easy. A California resident is anyone in the state for other than a temporary or transitory purpose. See FTB Publication 1031. Plus, it includes anyone domiciled in California who is outside the state for a temporary or transitory purpose. The burden is on you to show you’re not a Californian. If you’re in California for more than 9 months, you are presumed a resident.

Yet if your job requires you to be outside the state, it usually takes 18 months to be presumed no longer a resident. Your domicile is your true, fixed permanent home, the place where you intend to return even when you’re gone. You can have only one domicile, but many facts are relevant. Start with where you are employed and where you own a home.

Comment by In Colorado
2013-01-22 09:02:03

If you’re in California for more than 9 months, you are presumed a resident.

As opposed to being a resident of where you lived for just three months?

FWIW, when I left California it was no big deal. I filed my income taxes on the California earned portion of my income for the last year I lived there and that was that. I received no threatening letters the following year demanding that I pay California state income tax.

As I have said before, we didn’t leave because of taxes. Prop 13 kept our property taxes low and the state income tax wasn’t onerous for us. And in our circle of friends and colleagues we left behind, only one family left the state. Everyone else is still there. In fact, I know more people (all techies) who have moved to California than left.

Comment by polly
2013-01-22 09:47:00

You are considered a resident of NYC if you have access to a permanent place to live there (either owned or rented) and you are in the city more than 30 days a year. That means you are a resident if you live in NJ with your family and almost all your stuff, rent a tiny studio to sleep in when you work and or play very late in the city and enter city limits more than 30 days a year even if your don’t sleep over at all. I don’t remember if NY state piggy backs on this or not.

Comment by 2banana
2013-01-22 10:29:14

Socialism works until you run out of other people’s money.

The trick is finding more and more “other” people…

Comment by In Purgatory
2013-01-22 10:51:17

Money, who wants money? I can print more. - Benocide

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Comment by oxide
2013-01-22 16:24:08

The great orange liberal website had a nice discussion about golfer Phil Mickelson threatening to leave California over taxes. General conclusion: don’t let the door hit ya where the good lord split ya.

Comment by moral hazard
2013-01-22 08:06:14

Home » Business» Real Estate
Published: 2/2/2006

Hotel Seagate auctioned at sheriff’s sale for $4.6 million

It took only about a minute for Hotel Seagate to be sold, again, yesterday.

This time, at a sheriff’s sale at the Lucas County Courthouse, Stuart Larsen, a Cleveland lawyer, quickly bid $4.63 million on behalf of the mortgage holder, Republic National Bank of Chicago.

The 35-year-old hotel at Summit Street and Jefferson Avenue in downtown Toledo will remain open, said Edward Fitzgerald, president of the Chicago bank.

“We will continue to try to find a buyer,” he said. “It’s too soon to comment on [future plans], but we’ll be discussing our options in the next couple of weeks.”

Since mid-2005, the 19-story hotel has been under the supervision of John Graham, a court-appointed receiver, and has been managed by Shubh Hotels LLC, of Boca Raton, Fla.

Officials of Shubh, which owns struggling hotels around the country, said they are interested in discussing the building’s future.

“We have been talking to the bank about turning it into condominiums,” said Harris Mathis, chief operating officer of Shubh.

He conceded that the downtown Toledo hotel market has declined, but said “there seems to be a demand for some nice condominiums there overlooking the river.”

The Hotel Seagate has had numerous owners over the years and has been involved in other foreclosures and auctions. It was sold at a sheriff’s sale in the mid-1990s for $250,000.

When it opened in 1970, it was the Holiday Inn, and later became the Riverview Inn, Toledo Tower, Best Western, Hawthorn Hotel & Suites, and Ramada Inn & Suites.

Among about 40 observers at the auction yesterday was Jim Donnelly, president of the Greater Toledo Convention and Visitors Bureau. The agency is next door to the hotel.

“Wow, I should’ve had a V-8,” he exclaimed upon hearing the bid, so much higher than the decade-ago amount.

http://www.toledoblade.com/Real-Estate/2006/02/02/Hotel-Seagate-auctioned-at-sheriff-s-sale-for-4-6-million.html - 42k -

Unnamed Chinese investor buys Seagate Hotel
Posted: Nov 27, 2012 3:29 PM EST
13abc.com Bill Hormann - email

13abc can also confirm the Seagate Hotel was purchased for $600,000 two weeks ago, a good price. for a 19-story building with waterfront views.

The Seagate Hotel has been vacant for three-years and it became an eyesore. But the downtown hotel is now in the hands of new owners from China.

It has been vacant since 2009, and the inside has been stripped. At one time, it was a pleasant hotel. But bad management contributed to the hotel’s decline.

The Seagate sits next to the Park Inn, a hotel which itself was sold to Chinese investors in 2011. Five Lakes Global owns that property and news that another Chinese investor owns the Seagate, next door, sits well with the Park Inn’s general manager.

Mike Carlson told 13abc’s Bill Hormann, “The more energy you can create the more people are going to want to come to downtown Toledo.”

13abc talked with the title company which holds deed to this property and they tell us that 5 Lakes Global did not buy the Seagate property. But the title company did say, through the efforts of 5 Lakes Global and the mayor’s frequent trips to China, another cCinese investor did step forward to buy the building.

Toledo city councilman Rob Ludeman (R-Toledo), who also happens to be a realtor, says the investor got a great deal. “Hopefully, it’s a sign the owner will come in at that price, $600,000, spend some money, dress it up.”

As for what could be done at the property, no word on what the unnamed Cinese investor wants to do or how much they may be willing to spend.

The Bell Administration tells 13abc they were surprised by the sale but the mayor is convinced his emphasis on foreign investment is paying off, saying “because we have an environment, a living standard, here, that I think is exceptional but we have failed to market it and I’m marketing it world wide.”

Four downtown properties have now been purchased by Chinese investors: the Marina District, the Docks, the Park Inn and now the Seagate Hotel.

The mayor believes more foreign investment is coming.

http://www.13abc.com/story/20197913/chinese-investor-buys-seagate-hotel - 78k -

Comment by palmetto
2013-01-22 08:29:53

A hotel called the Seagate. In Ohio?

Comment by joe flacco bobo smith
2013-01-22 08:33:34

Is it near the Erie Canal? If so, the name could make some sense.

Comment by moral hazard
2013-01-22 09:25:53

Since you mentioned joe flacco, those Patriot wives seem to be having a hard time with a season ending loss again.

By Jaime Uribarri / NEW YORK DAILY NEWS
Published: Monday, January 21, 2013, 3:16 PM

Wes Welker’s wife goes on Facebook rant against Ray Lewis, lashes out at Baltimore Ravens linebacker over murder acquittal

Anna Burns Welker, spouse of Patriots wide receiver Wes Welker, lashed out against Baltimore linebacker Ray Lewis on Facebook following New England’s 28-13 loss to the Ravens in the AFC Championship game, the TheBigLead.com reported.

“Proud of my husband and the Pats,” Burns Welker wrote. “By the way, if anyone is bored, please go to Ray Lewis’ Wikipedia page. 6 kids, 4 wives. Acquitted for murder. Paid a family off. Yay. What a hall of fame player! A true role model!”


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Comment by RioAmericanInBrasil
2013-01-22 09:43:34

those Patriot wives seem to be having a hard time with a season ending loss again.

They could start a loosers support group with Ann Romney. (But Ann might not fit in.)

Comment by moral hazard
2013-01-22 10:00:55

“They could start a loosers support group with Ann Romney. (But Ann might not fit in.)”

It is deemed not polite to yawn in front of your conversational partner as it would give the impression that you are disinterested or bored.

http://www.squidoo.com/why-do-we-yawn- - 145k

Comment by joe bobo flacco smith
2013-01-22 10:03:28

Joe Flacco is a real estate/FIRE sector pimp. Proof:


Comment by In Colorado
2013-01-22 10:24:56

Joe Flacco is a real estate/FIRE sector pimp

He owns a lot of real estate on the playing field at Mile High Stadium (and that’s what we call it, not Invesco or Sports Authority who whoever the corporate whore du jour is)

Comment by moral hazard
2013-01-22 10:10:27

“A hotel called the Seagate. In Ohio?”

“It was sold at a sheriff’s sale in the mid-1990s for $250,000.”


“Hotel Seagate auctioned at sheriff’s sale for $4.6 million”

Nov 27, 2012

“the Seagate Hotel was purchased for $600,000 two weeks ago, a good price. for a 19-story building with waterfront views.”

Comment by ecofeco
2013-01-22 11:12:25

40 yo facility?

Uh, demo is the only answer. You can only remodel so many times. Bad managment makes it even worse.

I wouldn’t touch that proeprty even with someone else’s money!

Comment by Arizona Slim
2013-01-22 12:45:26

I’m with you, ecofeco.

And yes, I do love me some old buildings. (Matter of fact, I’m living in one.) But there comes a time…

Comment by tresho
2013-01-22 13:57:01

Now & then I hear someone complain about the razing of a building that has stood for decades. I always ask them, “Have you ever paid for a major renovation of a building?” So far, none of the complainers has confessed that experience.

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Comment by moral hazard
2013-01-22 08:47:22

We went back to Connecticut for Christmas about 13 years ago. My wife wanted to take the kids into New York City for a day to do the Holiday BS. So we got on the train in the morning and went. By about 1 o’clock my youngest kid who was 3 at the time said…..

Daddy I don`t like You Nork, there’s too many people, it’s too cold and there`s too many people.

New York City Extols Virtues of Tiny Apartments

By ULA ILNYTZKY Associated Press
NEW YORK January 22, 2013 (AP)

Sam Neuman jokes that he doesn’t casually throw off his coat when he gets home at night — it would take up half his apartment.

Such is life in his walk-up studio a few blocks from Manhattan’s bustling Times Square, which at 280 square feet is barely the size of a one-car garage, with just enough space for a bed, a desk, a TV stand on one wall and a kitchen against the other.

“I’ve developed this weird Stockholm Syndrome, which you identify with your captors,” said the 31-year-old publicist. “When I go to other people’s apartments, I think, ‘Why do they need more than one bedroom?’ I’m really very happy here. There’s not really time to let things accumulate because … where would I put them?”

The Big Apple is legendary for its legions of residents who live in really, really small apartments. Many of them are fiercely proud of it and can even find the humor in their cramped quarters. Now the city is about to see just how small New Yorkers are willing to go.

http://abcnews.go.com/US/wireStory/nyc-extols-virtues-tiny-apartments-18281708 - -

Comment by aNYCdj
2013-01-22 09:09:03

well lets face it, with an ipod ipad iphone and a mac mini how much space do you really need anymore?

Comment by Montana
2013-01-22 09:54:11

Yep, plus coffee, booze and comfort food.

Comment by 2banana
2013-01-22 09:11:18

$2,000/month to live in a shoebox.

But at least you get a flat screen TV on the wall.


Residents face average market-value rents of $2,000 a month for a studio apartment and $2,700 a month for a one-bedroom.

Newly constructed tiny apartments, depending on location, are expected to go for the price of a current studio but would have the added state-of-the-art amenities.

Comment by alpha-sloth
2013-01-22 09:22:30

$2,000/month to live in a shoebox.

You live in Manhattan. You just sleep in a shoebox.

Comment by aNYCdj
2013-01-22 09:54:26

Yeah the flat screen tv, flat wall speakers…..but they still have to have a decent sized box for a subwoofer….

Comment by Brett
2013-01-22 10:34:37

My rent would be 1,900 for a 1br in Austin. We are the next NYC!!!

Comment by joe bobo flacco smith
2013-01-22 10:53:50

“We are the next NYC!!!”

Please tell me this is sarcasm. Also, since you realize Austin rents are out of whack, you realize it probably means RE in general will eventually have to drop (crater?) in Austin. Which means losing a couple hundred a month will not compare to having a 200-300k mortgage on a (rapidly?) depreciating asset.

Also, are you still going to buy even though your company had a round of layoffs last week? A round of lay offs that (according to you) devasated the R&D dept, the lifeblood of many companies’ future growth.

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Comment by Brett
2013-01-22 12:12:25

Yesterday, I said I would not buy. Nothing to my liking based on price, location and quality of property.

I am looking through the MLS for properties to lease. I’ve sent out 13 emails this morning, got 6 replies back so far. 4 have pending applications. I will look at the other two later today.

Comment by oxide
2013-01-22 11:34:45

Austin sounds more like DC than NYC. 1-beds are $1650-$2000, depending on how deep downtown you want to be and how decrepit of a building you want to live in.

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Comment by sfhomowner
2013-01-22 16:00:49

Rents will crater by 65%! Don’t rent!

Comment by In Colorado
2013-01-22 09:16:21

I believe that this is very common in Japan too.

Comment by Albuquerquedan
2013-01-22 10:00:19

It was just before the big collapse, I think it is far less common now.

Comment by oxide
Comment by ecofeco
2013-01-22 11:14:57

New York City Extols Virtues of People Stupid Enough to Live in Tiny Apartments and Be Overcharged For It. (all the cool kids are doing it!)

There, fixed it.

Comment by Arizona Slim
2013-01-22 12:46:52

Oh, gawd. You Nork. Reminds me of one of my acting class diction exercises. Here it is:

Say “Unique New York. New York Unique” as fast as you can without getting tongue-tied.

It’s not easy.

Comment by Ryan
2013-01-22 09:25:54

Interesting view from inside DPRK:


Comment by RioAmericanInBrasil
2013-01-22 09:48:22

Sales of U.S. Existing Homes Decrease on Lack of Supply


Sales of U.S. existing homes unexpectedly dropped in December as the lowest supply in more than a decade cut into the industry’s best year since 2007.

Purchases fell 1 percent to a 4.94 million annual rate last month, figures from the National Association of Realtors showed today in Washington. The reading was still the second-highest since November 2009. The median forecast of 79 economists surveyed by Bloomberg called an increase to a 5.1 million rate.

Even with December’s setback, 4.65 million homes were sold for all of 2012, the most in five years and a sign the housing market is taking steps toward recovery. The usual drop in supply at this time of year combined with a pickup in demand spurred by historically low mortgage rates, an improving job market and an increasing number of households risks keeping inventories lean, pushing prices up even higher after last year’s rebound.

…..The median price of an existing home rose to $180,800 last month, up 11.5 percent from $162,200 in December 2011. It was the biggest year-over-year gain since November 2005.

Another measure of prices, the S&P/Case-Shiller index of homes in 20 cities, most recently showed home values increased 4.3 percent in October from a year earlier, the biggest gain since May 2010. The gauge is up almost 9 percent since reaching a 10-year low in March…..

Comment by Pimp Watch
2013-01-22 10:14:05

With 20 plus million excess empty houses, demand at 1997 levels and falling and CS price index lower today than 2010, does anyone believe a word from NARscum?

Comment by Rental Watch
2013-01-22 10:14:53

RAL: See, the data proves that demand is at 16 year lows.
Me: We need more supply to help curb price increases (whether it be speeding up foreclosures in places with lots of shadow inventory, or building more where there isn’t shadow inventory).

Comment by oxide
2013-01-22 11:42:31

Wait until after the Superbowl and houshunting seasons starts up again. They will bleed out just enough shadow inventory to excite buyers into a new round of bidding wars.

Yup, an increase in supply will lead to an increase in prices. And when that batch is bought up by fall, demand will decrease as fewer people look, so a decrease in supply will decrease prices. Repeat for the next 5-6 years until every mortgage is 3-5% fixed. Unreal… they found a way to suspend the laws of supply and demand.

Comment by Pimp Watch
2013-01-22 15:48:14

And how do we visit this world of suspended economic reality of yours?

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Comment by oxide
2013-01-22 16:33:22

This will go on until almost all the shadow inventory is in stable hands i.e. low risk of default. By this I mean a fixed 3%-5% mortgage for an end-consumer (reno-flip or not), an investor bought rental, a cash bought safe-house for the Chinese, or a tear-down empty lot on which you can build your $75/sq ft pre-fab.

Comment by Pimp Watch
2013-01-22 17:45:00

You’e a little high on your estimate. You’re really high. Shop built modules run $45/sq.

Honestly…How many hundreds of thousands did you overpay?

Comment by In Colorado
2013-01-22 10:22:45

It’s weird to see my coworkers wringing their hands as they house hunt, thanks to the artificial shortage.

Comment by joe bobo flacco smith
2013-01-22 10:57:14

Not weird, fun.

Do any of them ever figure it out?

Do any of them listen to you when you explain your thoughts? Or are they dismissive?

I’m with FPSS when he says that schadenfreude is one of the joys of life. (Note: schadenfreude is far different than brow-beating, mocking, or denigrating)

Comment by In Colorado
2013-01-22 12:32:44

I tell them all of the reasons why they shouldn’t buy at this time. They just look at me like I’m crazy.

To a degree, I don’t blame them. What I tell them doesn’t jive with what they are seeing. And they aren’t worried about rising interest rates affecting prices either. It’s their funeral.

My brother relocated to Raleigh a few years ago. I told him to rent and wait for prices to drop. His employer paid for his closing costs, so he bought. He also bought in a boondocks suburb. By his own admission he’s lost his 20% down payment and says that the prices are still dropping.

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Comment by sleepless_near_seattle
2013-01-22 13:00:57

He also bought in a boondocks suburb. By his own admission he’s lost his 20% down payment and says that the prices are still dropping.

I think that’s why one needs to look at the bigger picture. Here in Portland, living close to the city’s core is very popular and prices and lack of inventory bear that out (1 month of inventory, insane prices). Go out 60-90 blocks and the story changes dramatically. Go out 120+ blocks and, if you aren’t bidding at 40-50% of the 2007 price, yer gonna get stucco.

Comment by tresho
2013-01-22 13:04:14

very popular
equals insane prices and lack of inventory

Comment by In Colorado
2013-01-22 13:15:02

The thing is that by buying in the boondocks he got a house for 200K that would have cost 2-3x as much in a more desirable nabe, say like Carey.

But if he wants to unload that house anytime soon, he’ll have to write a check at closing.

Comment by tresho
2013-01-22 13:20:11

if he wants to unload that house anytime soon, he’ll have to write a check at closing.
What would have been the results of his buying in a ‘desirable nabe’?

Comment by sleepless_near_seattle
2013-01-22 13:34:12

Aye, ’tis quite the conundrum for him, but a good lesson for us. If you’re going to buy out there, underbid big time.

Comment by mmrtnt
2013-01-22 13:43:20

New-home sales reverse trend, jump 42 percent in 2012

“New-home sales jumped 42 percent in Las Vegas last year with 5,544 closings, putting an end to the declining housing market, analyst Dennis Smith said Monday.”

Comment by nickpapageorgio
2013-01-22 10:29:07

How does this:

“I, Barack Hussein Obama, do solemnly swear (or affirm) that I will faithfully execute the office of president of the United States, and will to the best of my ability, preserve, protect, and defend the Constitution of the United States, so help me God.”

Jive with this:

“If you look at the victories and failures of the civil rights movement and its litigation strategy in the court. I think where it succeeded was to invest formal rights in previously dispossessed people, so that now I would have the right to vote. I would now be able to sit at the lunch counter and order as long as I could pay for it I’d be o.k. But, the Supreme Court never ventured into the issues of redistribution of wealth, and of more basic issues such as political and economic justice in society. To that extent, as radical as I think people try to characterize the Warren Court, it wasn’t that radical. It didn’t break free from the essential constraints that were placed by the founding fathers in the Constitution, at least as its been interpreted and Warren Court interpreted in the same way, that generally the Constitution is a charter of negative liberties. Says what the states can’t do to you. Says what the Federal government can’t do to you, but doesn’t say what the Federal government or State government must do on your behalf, and that hasn’t shifted and one of the, I think, tragedies of the civil rights movement was, um, because the civil rights movement became so court focused I think there was a tendancy to lose track of the political and community organizing and activities on the ground that are able to put together the actual coalition of powers through which you bring about redistributive change. In some ways we still suffer from that.”

Remember America - You asked for this (Well, really only 51.1% of you).

Comment by joe bobo flacco smith
2013-01-22 11:01:15

Well, really only 51.1% of you


If it really were a uniform 51.1% of “us”, it wouldn’t be such a problem for you Fugitive Slave Act supporters.

Sadly for you, it’s more like 65% of people under 35. (You can check exit polls to see the gruesome details. Needless to say, you are demographically doomed.)

Comment by 2banana
2013-01-22 11:16:49

Yeah - cause freedom, liberty and limited government is something only old white men want.

Everyone else wants free cheese.

FYI - Fugitive Slave Act supporters were democrats.

Jim Crow Laws supporters were democrats.

The filibusters of Civil Rights legislation were democrats.

Comment by In Colorado
2013-01-22 12:34:04

They were Dixiecrats who later defected to the GOP.

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Comment by ecofeco
2013-01-22 11:20:24

In several states, whites are already a minority.

I believe the estimate is about 30 more years until the entire country becomes minority white.

I wonder how the white kids are going to feel when they realize their parents dismantled Affirmative Action? (take a moment and think about that)

Comment by 2banana
2013-01-22 11:21:54

When has affirmative action been dismantled?

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Comment by nickpapageorgio
2013-01-22 12:22:04

Yeah, I think the so called progressives will dismantle affirmative action as soon as whitey can take advantage of the system. Mark my words.

Comment by oxide
2013-01-22 13:23:40

2banana, AA may be dismantlementled by the Supremes in the Fisher v. University of Texas case:

The Supreme Court is considering a case from Texas that challenges affirmative action in college admission. The case was brought by Abigail Fisher, now 22, who claims she was denied admission to the University of Texas in 2008 because of the color of her skin. Fisher, who is white, says university admissions policies favor some African-American and Hispanic applicants in a way that violates the equal protection clause in the Constitution.


Comment by goon squad
Comment by nickpapageorgio
2013-01-22 12:20:29

“Needless to say, you are demographically doomed”

Then you, my Marx brother, really stand no chance of survival in the America of the future. Egg headed, self loathing guilty white statist progressives have a low probability of survival in a Mad Max world.

“Fugitive Slave Act supporters”

Alinsky lives!!!

Comment by tresho
2013-01-22 12:56:58

low probability of survival in a Mad Max world.
That applies to everyone not strong and lucky in that scenario. Politics won’t matter much if at all then.

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Comment by joe bobo flacco smith
2013-01-22 14:36:42

I’m not egg headed and I’m lucky enough to be in good shape and have no health issues, take no medications, etc.

Olds will be f***ed the most. Then people with health issues or that require meds. Then dumbs. Resourceful healthy people should be OK.

But we’re not going to have a mad max scenario anytime soon. If that’s what you’re hoping for, I feel bad for you. I see a slow deflation of America over a period of decades. There will be a declining number of educated whites/asians and increasing numbers of tea billy/WT types and every other race.

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Comment by tresho
2013-01-22 14:39:35

I see a slow deflation of America over a period of decades.
That is my “lucky” scenario.

Comment by MightyMike
2013-01-22 18:13:03

Where do you get this “self loathing” stuff? In Joe’s case, a number of people on this blog have criticized him for the opposite - an abundance of ego and self-regard.

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Comment by Montana
2013-01-22 11:08:18

It’s “jive” all right.

Comment by polly
2013-01-22 11:32:03

Presumably, you see a conflict. Please specify where and explain in detail.

Comment by nickpapageorgio
2013-01-22 12:13:58

Domo Arigato Mrs. Gboto.

If you read the words, they require no explanation.

Comment by polly
2013-01-22 12:35:11

It needs plenty of explanation. The first is a pledge to uphold and protect the Constitution. The second is a discussion of how the civil rights movement concentrated on getting laws and practices that were unconstitutional recognized and declared unconstitutional by the Supreme Court. That is an example of defending the Constitution - from state laws that violate it.

The rest mentions that the leaders of the civil rights movement concentrated on the litigation so much they neglected to get the people who were now able to vote to actually vote for politicians who would enact laws they agreed with. That is not explicitly defending the Constitution - we don’t have manadory voting rules - but is sure as heck isn’t opposed to it in any way.

So, please explain how the two passages are in opposion and explain in detail.

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Comment by nickpapageorgio
2013-01-22 13:04:23

You want me to get into a long winded micro analysis of BSO’s chilling statements regarding the constitution. Not going to happen.

Suffice it to say that I have a problem with a President taking and oath to preserve and protect the Constitution of the United States while at the same time working on the back end to undermine it. His statements in that paragraph speak volumes about his underlying Marxism and he mixes no words when he calls the Constitution a “Charter of negative liberties”.

“So, please explain how the two passages are in opposion and explain in detail.”

The opposition would be Marxism vs the type of government outlined in the US Constitution. Perhaps great legal minds can explain to all of us some of the parallels we are missing.

Comment by tresho
2013-01-22 13:07:13

Not going to happen.
Likewise, getting others to adopt your point of view and perhaps to change things in a direction you would like is ‘not going to happen.’

Comment by oxide
2013-01-22 13:26:31

+1 tresho.

If you want us to agree with your usual content-free screed of buzzwords instead of Polly’s analysis, you better believe you need to get into a long-winded microanalysis.

Comment by ahansen
2013-01-22 13:39:27

Would someone please tell this idiot that a “charter of negative liberties” deliniates rights that the government cannot regulate or infringe upon?


Comment by tresho
2013-01-22 13:59:40

a “charter of negative liberties” deliniates rights that the government cannot regulate or infringe upon?
Too long-winded, too micro-analytic!

Comment by polly
2013-01-22 15:43:45

Exactly, Alena.

It is even right there in the text if he had bothered to read it:

“that generally the Constitution is a charter of negative liberties. Says what the states can’t do to you. Says what the Federal government can’t do to you, but doesn’t say what the Federal government or State government must do on your behalf…”

I have to admit that I don’t see any Marxism in that description of the Constitution (really the Bill of Rights).

Comment by Happy2bHeard
2013-01-22 16:41:00

“I have to admit that I don’t see any Marxism in that description of the Constitution (really the Bill of Rights).”

Seek and ye shall find?

Comment by nickpapageorgio
2013-01-22 20:45:52

Sorry I missed all the fun, I have to earn a living, got mouths to feed and free loaders to support.

“Would someone please tell this idiot that a “charter of negative liberties” deliniates rights that the government cannot regulate or infringe upon? ”

Ahansen, for someone that poses as an intellectual, you are failing miserably lately. His statement speaks to his view of the Constitution and his disagreement with the philosophy behind it. Any moron reading the paragraph could fully understand that fact.

Comment by nickpapageorgio
2013-01-22 20:51:44

“If you want us to agree with your usual content-free screed of buzzwords instead of Polly’s analysis, you better believe you need to get into a long-winded microanalysis.”

Mrs. realtors best friend and trasho,

My response to Mrs. Gboto right below my “not going to happen line” spoke volumes in two simple paragraphs, I don’t need to compile a book of twisted legalese to combat an automaton like Polly. Like most statists progressives, she over complicates simple issues and comes off as the smartest person in the room to all but the educated.

Comment by Pimp Watch
2013-01-22 20:57:02

nickpapageorgio…. you’re playing with their flabby, dishonest minds.

Comment by nickpapageorgio
2013-01-22 21:00:32

A final note: My hard hitting commentaries must cut to the bone of statist progressives, especially the most radical among them. I am consistently attacked and called an idiot by the usual low IQ posers (yes I meant to say posers). I will be busy with a personal venture for the next couple of months, so all of you cowards can reset your JTE’s and talk among yourselves. Misery loves company.

Comment by ahansen
2013-01-22 23:43:49

“… I will be busy with a personal venture for the next couple of months…”
Don’t forget to flush, nicky.

P.S. It’s spelled “poseur”. :-)

Comment by nickpapageorgio
2013-01-22 23:53:40

“Don’t forget to flush, nicky.”

Save that kind of talk for your abortion doctors. Don’t you have an Obama care death panel meeting to attend?

Comment by nickpapageorgio
2013-01-23 00:06:52

“Don’t forget to flush, nicky.”

Save that kind of talk for your ab.rtion doctors. Don’t you have an Obamacare de.th panel meeting to attend?

Comment by michael
2013-01-22 11:11:14


during the old bubble: adding $ 10k of upgrades would add $ 100k to the value of the house.

death of the bubble: adding $ 10k in upgrades didn’t really add any value to the house it just made it sale faster.

bride of bubble: adding $ 10k off upgrades would add $ 25k to the value of the house (just saw this on some show last night).

we’re back.

Comment by Pimp Watch
2013-01-22 11:17:16

There are no buyers……. still.

Comment by ecofeco
2013-01-22 11:22:02

There are always buyers… if the price is right.

A lesson yet to be learned by many industries.

Comment by Pimp Watch
2013-01-22 11:27:07

Apparently the price isn’t right considering housing demand is at 1997 levels……. and falling.

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Comment by 2banana
2013-01-22 11:19:17

Thank gawd for obama and $6 trillion in deficit spending.

And thank gawd for the HBB which only criticizes republican presidents for insane fiscal policies.

Y’all better buy now and get on the property ladder.

Comment by aNYCdj
2013-01-22 11:17:45

The New Amurikkka what ever it takes to work…

Prisoner: I Threatented To Kill Obama To Get Medical Care


Comment by 2banana
2013-01-22 11:20:45

Why didn’t he sneak in Mexico and then sneak back into America and declare himself an illegal and get free medical/housing and education?

Comment by goon squad
2013-01-22 12:52:12

You are a Racist®

Comment by In Colorado
2013-01-22 13:08:29

Last time I checked, those bennies (medicaid and section 8) were tied to income and not nationality, though I fully agree with you that illegals shouldn’t be eligible for welfare in any form. As far as K-12 education is concerned, IIRC it was the supremes who decided that illegals get free education.

FWIW, Obama has deported more illegals than Bush, though far too many still manage to stay.

Comment by inchbyinch
2013-01-22 16:55:37

Free Clinic waiting room last night w/ a friend. Two older gents (60+) who were both in the USA less than a year were seeking free dental care. GF is unemployed for 4 months and is a professional. She was there in shame. Not so with the new arrivals.

We were blown away both families thought that’s what you do. You get freebies. Legal or not upon entry, US citizens get left behind while non-citizens get. Wrong. Just wrong.

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Comment by tresho
2013-01-22 13:02:05

Prisoner: I Threatented To Kill Obama To Get Medical Care
Can’t learn much from crazy stuff like this, it’s amusing at best.
I once knew a street person who in real life had a trust fund with a trustee who maintained fully operational & adequate housing for this self-styled ‘homeless’ man. Only problem was that he refused to live there & spent his time shuffling around downtown & begging for money from people far less well-off than he. When weather got too cold for him, he would create a disturbance, such as breaking windows in stores, to spend a few nights in jail.
Eventually the local authorities tired of his antics, had him declared legally incompetent & ‘imprisoned’ him in a local nursing home, using his own assets to pay the bill.

Comment by tresho
2013-01-22 13:22:12

Hurry up and Die —

Japan’s new government is barely a month old, and already one of its most senior members has insulted tens of millions of voters by suggesting that the elderly are an unnecessary drain on the country’s finances.

Taro Aso, the finance minister, said on Monday that the elderly should be allowed to “hurry up and die” to relieve pressure on the state to pay for their medical care.

“Heaven forbid if you are forced to live on when you want to die. I would wake up feeling increasingly bad knowing that [treatment] was all being paid for by the government,” he said during a meeting of the national council on social security reforms. “The problem won’t be solved unless you let them hurry up and die.”

Comment by nickpapageorgio
2013-01-23 00:17:18

Score one for the Global Progressives.

Comment by moral hazard
2013-01-22 13:53:11

The bankstas must know people in high places.

Taxpayers will ease banks’ costs in mortgage deal

Posted: Thursday, January 17, 2013 4:18 pm | Updated: 6:02 pm, Thu Jan 17, 2013.

Taxpayers will ease banks’ costs in mortgage deal Associated Press |

Consumer advocates have complained that U.S. mortgage lenders are getting off easy in a deal to settle charges that they wrongfully foreclosed on many homeowners.

Now it turns out the deal is even sweeter for the lenders than it appears: Taxpayers will subsidize them for the money they’re ponying up.

The Internal Revenue Service regards the lenders’ compensation to homeowners as a cost incurred in the course of doing business. Result: It’s fully tax-deductible.

Critics argue that big banks that were bailed out by taxpayers during the financial crisis are again being favored over the victims of their mortgage abuses.

“The government is abetting the behavior by not preventing the deduction,” said Sen. Charles Grassley, R-Iowa. “The taxpayers end up subsidizing the Wall Street banks after the headlines of a big-dollar settlement die down. That’s unfair to taxpayers.”

Under the deal, 12 mortgage lenders will pay more than $9 billion to compensate hundreds of thousands of people whose homes were seized improperly, a result of abuses such as “robo-signing.” That’s when banks automatically approved foreclosures without properly reviewing documents.

Regulators reached agreement this week with Goldman Sachs and Morgan Stanley. Last week, the regulators settled with 10 other lenders: Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, MetLife Bank, PNC Financial Services, Sovereign, SunTrust, U.S. Bank and Aurora. The settlements will help eliminate huge potential liabilities for the banks.

Many consumer advocates argued that regulators settled for too low a price by letting banks avoid full responsibility for wrongful foreclosures that victimized families.

That price the banks will pay will be further eased by the tax-deductibility of their settlement costs. Companies can deduct those costs against federal taxes as long as they are compensating private individuals to remedy a wrong. By contrast, a fine or other financial penalty is not tax-deductible.

Taxpayers “should not be subsidizing or in any way paying for these corporations’ wrongdoing,” said Phineas Baxandall, a senior tax and budget analyst at the U.S. Public Interest Research Group, a consumer advocate.

Spokesmen for several of the banks in the mortgage settlement didn’t immediately respond to requests for comment. Bank of America and Citigroup declined to comment.

http://www.galvestondailynews.com/news_ap/business/article_b28e1690-c5f7-5757-b5b8-e55f8831d1c4.html - -

Comment by sleepless_near_seattle
Comment by sleepless_near_seattle
2013-01-22 15:28:06

On the other hand, notice on the top right side of the page, under the “Support Provided By” section, an ad by….Goldman Sachs.

(If it doesn’t show up, refresh the page a few times.)

Comment by rms
2013-01-22 23:21:45

“On the other hand, notice on the top right side of the page, under the “Support Provided By” section, an ad by….Goldman Sachs.”

+1 Lanny Breuer worships at the same franchise as the fed, treasury, wall street, etc., so don’t be surprised with the lack of high-level indictments.

Comment by moral hazard
2013-01-22 18:40:53

“Several due diligence underwriters — most speaking publicly for the first time — told FRONTLINE correspondent Martin Smith that it wasn’t uncommon to see school teachers claiming salaries of $12,000 a month on their mortgage applications, or electricians moving from $500 a month in rent to homes worth $650,000. The only problem — their supervisors didn’t seem to want to hear about it.”

Of course the school teachers and the electricians were pure as the driven snow and had no idea that they were asking for loans that required a $12,000 a month salary or that the mortgage payment on a $650,000 house would be more than $500 a month.

I guess with $ signs dancing in their heads the school teachers and the electricians didn’t seem to want to hear about it either.

Comment by moral hazard
2013-01-22 17:40:39

Posted: 3:29 p.m. Tuesday, Jan. 22, 2013

This Johnny B. Goode acted badly toward elderly roommate in suburban Lake Worth, police say

By Ana M. Valdes

Palm Beach Post Staff Writer

A suburban Lake Worth man has been charged with aggravated battery on an elderly person after police said he struck his 72-year-old roommate with a metal walking cane and then covered the roommate’s face with a pillow.

Johnathan B. Goode, 37, of the 4400 block of Davis Road, remained at the Palm Beach County Jail Tuesday afternoon after his arrest Monday.

According to a probable cause affidavit, Goode’s roommate, who has not been identified, was sleeping in his bed when Goode came into his room and struck him on the head with the the man’s metal walking cane, police said.

The impact woke the man and Goode then grabbed a pillow and put it over his face. Goode continued to strike the man on his chest and knees with the cane.

Police, who were not notified of the incident until hours later, said they found a laceration on the man’s left ear, covered in dried blood. The man also told police he felt pain in his chest and knees.

http://www.palmbeachpost.com/news/news/crime-law/this-johnny-b-goode-acted-bad-toward-elderly-roomm/nT4Ps/ - -

Comment by goon squad
2013-01-22 21:36:43

Love, love, love the South Florida crime stories.

Nothing, nothing, is as “uniquely American”, as rugged individualist, as the kind of inhuman behavior that humanoids do to other humanoids in Broward and Palm Beach counties.

waves USA Number 1 oversized foam finger…

Comment by Housing Analyst
2013-01-22 17:52:28

“If you bought a house 1998-2012, you paid a grossly inflated price and you’re going to lose money. A LOT of money.”

Comment by moral hazard
2013-01-22 18:49:45

Swing low, sweet chariot,
Someone better pay for my home;
Swing low, sweet chariot,
Someone better pay for my home.

I looked over Jordan,
And WHAT did I see,
Someone better pay for my home,
A Big Bad Banker comin’ after me,
Someone better pay for my home.

Repeat chorus:

If you get foreclosed before I do,
Someone better pay for my home,
Tell all my friends I’m Robo-signed too,
Someone better pay for my home.

Comment by moral hazard
2013-01-22 17:53:44

County home sales surpass peak market year of 2005

by Kim Miller

Sales of single-family homes in Palm Beach County were robust in 2012, ending the year with 13,688 closed deals, which is nine more than during the peak market year of 2005 and a 13 percent increase from 2011.

According to a report released today by the Realtors Association of the Palm Beaches, the median sales price for a single-family Palm Beach County home in December was $229,750, a 20.9 percent jump from the same time in 2011. In 2005, the end-of-year median sales price was $390,100.

“The housing market made an incredible comeback in 2012, ending the year with impressive price gains for single-family homes and townhomes and condos,” said Tim Harris, president of the Realtors Association of the Palm Beaches. “Buyers presumed that prices hit bottom and started to aggressively buy property. This caused a sharp decline in inventory and high demand for properties that are in good condition.”

Sales of Palm Beach County condos and townhomes were up 6 percent in December from the previous year. The median sales price of $98,750 was a 34 percent increase.

Statewide, 204,414 single-family homes sold during all of last year, the most since 2005 when 248,575 homes sold. The median sales price in December was $154,000, up 14 percent from the same time in 2011.

This entry was posted on Tuesday, January 22nd, 2013 at 11:37 am and is filed under Condos, Florida economy, Housing affordability, Housing boom. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Responses to “County home sales surpass peak market year of 2005”

cheeseus sonofdog Says:
January 22nd, 2013 at 6:45 pm

Yes, the median is now $229k. But that is still 100% higher than it was before the bubble. Prices have much further to fall…. Most of the increase this year was due to speculators. They are chasing prices higher. We have about 5,000 homes for sale. But, the county clerk says she has nearly 40,000 foreclosures backlogged. Many homes have not even gotten a notice yet, even though they have been behind payments. Other foreclosures were simply expired. But they will be coming on the market. People buying right now are idiots. This is not organic buying, but rather a manipulated market.

Comment by Cantankerous Intellectual Bomb Thrower©
2013-01-22 19:06:33

David Lettermen’s Top Ten Reasons Men Prefer Guns Over Women:

And here we go…

#10 - You can trade an old 44 for a new 22.

#9 - You can keep one gun at home and have another for when you’re on the road.

#8 - If you admire a friend’s gun and tell him so, he will probably let you try it out a few times.

#7 - Your primary gun doesn’t mind if you keep another gun for a backup.

#6 - Your gun will stay with you even if you run out of ammo.

#5 - A gun doesn’t take up a lot of closet space.

#4 - Guns function normally every day of the month.

#3 - A gun doesn’t ask , “Do these new grips make me look fat?”

#2 - A gun doesn’t mind if you go to sleep after you use it.

And the Number One reason
Why Men Prefer Guns over women…..

#1 - You can buy a silencer for a gun

Comment by Northeastener
2013-01-22 20:40:30


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