Believe it or not future doesn’t belong to Kucinich or Ron Paul. Future belongs to Obama or Palin…..both flousrish under a heavy dose of mindless sheeple.
I thought we’ve already agreed that the future belongs to teabilly trash spawn and Jose6Pack.
Educated young people these days aren’t doing a lot of family formation. We are going to be out-populated by the know-nothings and will pay for it down the line when the demographic time bomb goes off. Hopefully this will be in 2060 and I will be almost 75 years old and won’t care one way or the other.
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Comment by aNYCdj
2013-04-05 11:37:32
Spawn did his redneck thing:
SISSONVILLE, W.Va. (KDKA/CBS) – Authorities in West Virginia say a star of the MTV reality show “BUCKWILD” and two passengers all died of carbon monoxide poisoning.
choosing to remain childless gets a plus 1,000,000.
Yes, indeed, children are expensive.
But as far as I can tell so far, this is my only life to live.
I choose not to spend my life thinking about all the things I would like to experience “if I won the lottery” (of course that doesn’t stop me from occasionally dreaming about the multi-country trip I would take with my winnings).
Sure, my life would be very different if someone handed me a few million bucks, but since that’s most likely not going to happen, I make an effort to live the kind of life that I won’t have major regrets on my deathbed (or should I find out tomorrow I have a terminal disease).
I know too many people who stay in jobs they hate for decades because they are scared of financial insecurity, women who always wanted kids but waited for the perfect situation and then were too old, folks who spent their entire lives in a town or city they didn’t really like, etc. etc. All they got was bitter and older.
Some people who have families get some sense of entitlement. They make sure they get to the restaurant check in before you and your companion. Or a line at a shop. I get this treatment a lot. Or from a sister who had this entitlement attitude because she brought children into the world while her siblings did not. Children are great but piggish parents are not.
Interesting, then, that Washington is becoming so interested in amassing guns, tanks and ammunition.
To rewrite your phrase -if you have a gun, you don’t have to be a producer. You can take what you want, as nature intended.
You can have a job yet not produce anything. You can be paid plenty to take.
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Comment by Steve J
2013-04-05 08:57:15
Arms is big business.
Eisenhower warned about it 50 years ago.
Comment by rms
2013-04-05 11:38:59
“Eisenhower warned about it 50 years ago.”
The dream of a secure Israel meant a continuing U.S. presence in the region and that our arms industry would never be allowed to wind-down following WWII. Ditto for the Pacific Rim. It seems that the fall of the Turkish Ottoman empire continues to haunt us.
Comment by macboy
2013-04-06 13:37:45
Weird, we have all those troops in Europe and Asia. All for Israel? Neat.
A Florida real estate mogul involved in a house-flipping scheme that ravaged neighborhoods in Cleveland by fueling a loss of property values pleaded guilty Thursday to 11 charges.
Blaine Murphy, 44, will have to pay $1 million in restitution for flipping 235 houses in Cuyahoga County by filing forged deeds, the Cuyahoga County prosecutor’s office said. He is to be sentenced May 8.
Murphy pleaded guilty to one count of telecommunications fraud and 10 counts of tampering with records, the Cuyahoga County prosecutor’s office said.
But Larry Zukerman, Murphy’s attorney, said his client did not plead guilty to any charges involving house flipping.
Zukerman said that Murphy pleaded guilty to 10 counts of tampering with records because he used a pseudonym, Bryce Peters, to sign deeds to 10 homes, not because he was involved in illegal house-flipping. Zukerman said that a plea agreement was reached that dismissed two previous charges of racketeering and that another charge of racketeering was amended to telecommunications fraud.
Prosecutors had accused Murphy of using the aliases Bryce Peters III and Martin J. Franks to forge deeds in the Cuyahoga County flipping scheme, which mostly involved houses in Cleveland, between 2005 and 2010. Most deeds were signed by Peters and witnessed by Franks.
A total of 186 of the homes were in Cleveland. Others were in East Cleveland, Euclid, Warrensville Heights, Shaker Heights, Maple Heights, Garfield Heights and Cleveland Heights. Prosecutors said that the properties had code violations and unpaid taxes.
Ninety-six properties fell into tax foreclosure for a total tax delinquency amount of $1.03 million.
The prosecutor’s office said the scheme worked this way: First, properties were bought with little or no regard for their condition. “In his quest to make a fast profit, Murphy ignored property code violations and payments of taxes at the expense of these communities in Cuyahoga County,” according to a news release.
Then, the properties were sold individually or in bulk “essentially in the same manner as these properties were acquired.”
Officials in the cities where the homes were flipped were unable to find out who was responsible for the dilapidated conditions of the homes because Murphy signed the deeds under the names of Peters III and Franks. He also failed to register his company, Bryce Peters Financial Corp., with the state and used nonexistent witnesses and notaries public on deeds
I guess justice is not for the ruling elite. Hey Jr., did you play golf with your cousin after that night? Did he have to borrow your 6-iron? I thought so because they found the shaft of your cousin’s Tony Penna 6-iron shoved down Martha Moxley’s throat. There is probably a good reason he changed his story of that night many years later after DNA testing became available. I believe it went from him not being there to him being there in a tree outside Martha Moxley’s window doing something that would have left his DNA at the crime scene.
David Hennessey
Updated 10:28 pm, Wednesday, April 3, 2013
One of Michael Skakel’s most vocal and powerful supporters and a member of the Kennedy family is one of dozens of witnesses who could testify at Skakel’s upcoming trial, according to an updated witness list.
Robert F. Kennedy Jr., one of more than 50 names disclosed this week on the updated list, has maintained since Skakel’s 2002 murder conviction that Skakel, a Kennedy cousin, did not kill his Belle Haven neighbor Martha Moxley in 1975. Skakel is serving 20 years to life at McDougall-Walker Correctional Institution in Suffield for the crime.
Also filed in that court this week was a disclosure by Hubert Santos, Skakel’s attorney, indicating that Santos will call an expert to testify about Elan, the Maine school and treatment center Skakel attended in the late 1970s. Skakel allegedly confessed to Moxley’s murder to classmates while at Elan. The expert is another component of Skakel’s defense strategy in an attempt to prove Mickey Sherman, Skakel’s former attorney, did not competently defend Skakel in 2002.
The latest attempt to win Skakel’s long-sought freedom, the trial, which is scheduled to begin April 16 in Rockville, will focus on the ways in which Sherman allegedly fell short in his defense of the 52-year-old Skakel, who is the nephew of Robert F. Kennedy’s widow Ethel.
Robert F. Kennedy Jr. attended Skakel’s 2002 trial and testified on his cousin’s behalf during a 2007 hearing.
He also published a lengthy piece in The Atlantic in 2003 titled “A Miscarriage of Justice,” defending Skakel and arguing his indictment was the result of an inflamed media.
Just picked up “The Patriarch: The Remarkable Life and Turbulent Times of Joseph P. Kennedy” by David Nasaw from the library to learn about how it all began.
Too bad Dominick Dunne isn’t alive to provide some commentary on this. He really stood by Mrs. Moxley in her quest for justice and wouldn’t let the issue die. Always enjoyed his Vanity Fair updates.
US President Roosevelt declared a national emergency and issued Executive Order 6102, making it illegal for American citizens to own gold. Hoarding was prohibited, and citizens were ordered to redeem the gold for the official price of $20.67 per ounce.
These actions & related ones were later ratified by the US Supreme Court.
If you are armed and someone’s knocking on your door to take away your posession, that’s a whole another story. I am sure the government is smart enough not to do this. The laws are for the ones who follow.
I think they are waiting for DHS to run out of mags during target practice with their 1.6 billion rounds of ammo because they evidently think that after you run 30 rounds through a 30 round magazine you have to throw it away.
Sure they are. Why these hypocritical tax $ hungry POS liars are allowing everything they are banning to be made right in the states that are banning them.
Bipartisan deal makes Connecticut a symbol on guns
April 2, 2013
By Mark Pazniokas
Senior legislative staff said the bill would contain exemptions for law enforcement, as well as a manufacturer’s exception that would allow Stag, Colt’s and other gun and accessory makers to continue manufacturing in Connecticut.
But Jonathan Scalise, the owner of Ammunition Storage Components of New Britain, a manufacturer of magazines, said he feared a backlash from customers, who may want to boycott gun products manufactured in Connecticut. The industry says Colorado companies faced a loss of business after passage of a gun law.
“My problem is there is going to be a tremendous amount of damage done to the brand,” Scalise said.
Boycott? You have to really screw up worse than a mass murderer to have your product boycotted in this country…
…and even then…
Boycott? Don’t make me laugh.
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Comment by Northeastener
2013-04-05 12:05:05
Boycott? Don’t make me laugh.
Tell me eco, do you know the history of Smith & Wesson? Do you know what happened in the mid 90’s that caused them to consider bankruptcy and eventually a complete change in management?
I can tell you the boycott is real and it will hurt. Companies that support 2A and stand with us are earning our loyalty and our dollars and those that stand against us will be bankrupted.
Comment by ecofeco
2013-04-05 12:14:43
People switch loyalties all the time for all kinds of reasons.
That’s not the same as boycott. It just seems like it.
pro-gun advocates saw the agreement as a rank betrayal, and the National Rifle Association said the company had “run up the white flag of surrender.” Under pressure from the boycott, sales fell 40 percent, and Smith & Wesson closed two factories. In 2001, Tompkins PLC, its British owner, sold the company to a U.S. buyer for $15 million, a fraction of the price it had paid for it just a few years earlier.
Keep thinking the left has a monopoly on “grass-roots organizing”. Keep thinking progressives like Bloomberg can counter the NRA and the millions of 2A supporters.
See my comment and link in the Weekend Ideas thread…
When local LEO like Sheriffs get into a shootout with State and Federal LEO, including the SS, for not upholding the recently enacted weapons ban, that will be Go Time. The governor of CO is pushing to grant the SS new enforcement powers in the state and is also pushing to punish and fire any Sheriff that won’t uphold the recent ban.
That will be time to pack the gear and guns, kiss the wife and children goodbye, and head off to fight tyranny.
BTW, with regards to the CT ban, no one I know in that state is going to register anything. Not their semi-auto rifles and certainly not their high cap magazines. So all those flaming liberals and communists just turned thousands of their citizens into criminals. What do you think is going to happen when a bunch of middle-class family types get dragged through the “Justice System”, their families and future prospects destroyed? You think people will just roll over and die?
The liberals are too stupid to realize this isn’t Australia nor the UK and it certainly isn’t Nazi Germany. Patriots won’t just roll over and play dead. People will die, families will suffer, and our society will be ripped apart in civil war because liberals can’t leave the Constitution alone. I hope you all enjoy the chaos that’s coming, because you shoulder the entirety of the blame…
So what happened to all those people that decided to GO by going back to the land in the 60’s and 70’s? How many of them ended up on Wall Street, like Jerry Rubin?
All the teabillies will be dead, it’s just a question of how much of the country gets f***ed up in the process. I don’t trust DHS not to take out innocent people while they’re out hunting teabillies and lobbing missiles into residential areas. The amount of firepower DHS has built up in the last few years is staggering.
But I think it’s lunacy for any of these teabilly people to think they’ll be around very long if they poke the government machine. Maybe the resistance won’t be futile, maybe it will accomplish something, but I wouldn’t bet on it. Eventually the gov’t will wipe out the redneck teabillies because the firepower is just so lopsided. Tea billies have AR-15? Nice. DHS has incalcuably more firepower at their disposal.
Not to mention if the tea people fight the government it means their kids and families with either die or have to deal with the fallout. Of course, these are people who teach pre-teens how to shoot assault rifles, so the kids are probably lost souls anyway.
Comment by Northeastener
2013-04-05 13:37:16
Of course, these are people who teach pre-teens how to shoot assault rifles, so the kids are probably lost souls anyway.
Right, because learning a skill like marksmanship and learning the fundamentals of gun safety at an early age is a sure sign of… what? Is this a “You know you’re a Teabillie when…” joke or are you really that naive?
Maybe you can tell me at what age Olympic shooters learn to shoot? Oh, you probably didn’t know that shooting is an Olympic sport. And of course, if that was the case, you didn’t know that Olympic shooting was one of nine original events at the first modern Olympic games. Huh, some cultural significance there.
And of course, the shooting arts have clear self-defense uses. Most statists agree, you can’t have people learning to defend themselves and not be victims dependent upon the state for protection until they’re at least 25…
Comment by hazard
2013-04-05 14:32:26
“Of course, these are people who teach pre-teens how to shoot assault rifles, so the kids are probably lost souls anyway.”
That statement shows that you know as little about the 10s of million of people who you callously refer to as “Tea billies” as Diana DeGette (D-Colo.) the chief co-sponsor of the of the High Capacity Ammunition Feeding Device Act knows about High Capacity Ammunition Feeding Devices.
You sir have swallowed the work of the government propaganda machine hook, line and sinker.
‘Not to mention if the tea people fight the government it means their kids and families with either die or have to deal with the fallout’
I don’t know who tea people are, but if you mean gun owners, this is laughable. So these guys making people take off their shoes off at the airport are going to mow down millions of gun owners? Even the US military is a joke. Do you know they have to have private contractors guard the bases in Iraq and Afghanistan? They can’t even guard themselves.
So the government is going to kill resistors children huh? Here’s a little something to think about:
‘How the post-Sandy Hook gun control push spectacularly backfired in America’
‘They will be targeted. I think that if they pass this bill, legislators who vote for it will be assassinated… they’re going to be military targets, too, and they’re going to be killed. They think they’re immune, but they’re not. They cannot walk around with enough security to keep from being shot by a sniper.” - Stewart Rhodes, OathKeepers.org
(For the record, Stewart Rhodes is not calling for this action. He is merely stating the obvious: that this is likely to take place if gun confiscation comes up for a vote in the U.S. Senate.)
It’s not just Stewart Rhodes saying this, either. Robbie Cooper from UrbanUndergrounds.com says much the same thing:
“We all quickly agreed a violent revolution and rebellion would occur almost immediately [following a federal gun ban]. Most, if not all, members of Congress who voted for the ban / confiscation would be assassinated. And the very first prey that would find themselves in the scopes of the rebels would be the members of Congress who passed this ban and the members of the media who have been their willing mouthpieces and agents of propaganda.”
Bob Owens from Bob-Owens.com paints a similar picture:
“The 535 members of the House and Senate in both parties that allowed such a law to pass would largely be on their own; the Secret Service is too small to protect all of them and their families, the Capitol Police too unskilled, and competent private security not particularly interested in working against their own best interests at any price. The elites will be steadily whittled down, and if they cannot be reached directly, the targets will become their staffers, spouses, children, and grandchildren. Grandstanding media figures loyal to the regime would die in droves, executed as enemies of the Republic.’
‘Veteran firearms instructor Paul Howe even penned a popular piece called 2nd Amendment and the Kool-Aid Drinkers in which he explains one popular solution for handling those who attempt to engage in gun confiscation:
‘Should firearm confiscation begin, solutions are simple. If they cannot live in a community, they cannot work in a community. If their house goes away while they are at work confiscating guns, so be it. Allow them to leave with their family and what possessions they can pack in their car.’
Howe also explains, in other interviews, that gun confiscation teams — “tac teams” — should expect to be attacked without warning and take huge casualties, reducing the effectiveness of those teams and effectively ending gun confiscation activities.’
You think these DHS shoe sniffers are going to rule us? Or these loser GI Joes that can’t defeat goat herders in Afghanistan? If the Feds want a war, they’ll have one.
Comment by tj
2013-04-05 18:12:45
God bless those guys, all of them. the communist politicos will find they have bitten off far more than they can chew.
‘the communist politicos will find they have bitten off far more than they can chew’
They know this and wouldn’t dare try anything. The idea of the all-powerful state is nothing but a myth, and they will never allow this to be exposed. But some people like joe still believe. Fine. Remember how the feds couldn’t even get drinking water to New Orleans? We have nothing to fear from these incompetent, corrupt fools in DC except their incompetence and corruption.
Comment by Pimp Watch
2013-04-05 18:24:36
Keep in mind these asshats empower the state police.
Comment by hazard
2013-04-05 18:28:33
“Eventually the gov’t will wipe out the redneck teabillies because the firepower is just so lopsided. Tea billies have AR-15? Nice. DHS has incalcuably more firepower at their disposal.”
Hell, we may have an airforce on our side. I would not want to be a hired DHSS agent riding in one of those 2700 Mine Resistant Armor Protected Vehicles the Janet Napolitano just bought and find out that pilot flying close air support in the Warthog had a father who was a “teabilly”.
• While gun grabbers hoped the U.S. military would agree to fire upon American citizens who refused to turn in their guns, what really happened is that huge numbers of active duty soldiers announced they would never participate in military action against their own countrymen. In fact, inside the military there is rising talk of shooting commanding officers in the head if they order troops to fire on American citizens over gun rights issues.”
Remember how the feds couldn’t even get drinking water to New Orleans?
that’s because now their own lives are the priority, not the citizen’s. the agenda for much of law enforcement has changed. years ago many cops would willingly risk their lives to stop someone from killing an innocent. now they’re told that their top priority is to ‘come back alive’, not to protect someone else. now days, they only risk their lives unintentionally.
Comment by Happy2bHeard
2013-04-05 23:06:44
“Right, because learning a skill like marksmanship and learning the fundamentals of gun safety at an early age is a sure sign of… what?”
I was once shot at by a 6 year old child with a BB gun while driving through rural Indiana. At what age is a child old enough to handle a gun responsibly?
As far as self defense goes, I would be more likely to use a non-lethal, temporarily disabling weapon than a gun. I don’t really want to be responsible for killing someone.
Well, a nice civil war might pull us out of the New Depression….
This sort of knee-jerk hysteria (on both sides of the issue) is precisely what allowed us to be led into Iraq and Afghanistan. Can we please tone down the rhetoric and look at this rationally? These are fellow citizens we’re talking about here. And our democratically-elected officials.
You win some, you lose some. If you don’t want your guns on a registry, buy a 3D printer or a good drill press. If you’re worried about regulated ammo, get a reloader and keep your yap shut. But inciting to mob violence and assassination will just get you an unwanted visit from the FBI. And that’s the truth.
Comment by hazard
2013-04-06 06:13:03
“This sort of knee-jerk hysteria (on both sides of the issue) is precisely what allowed us to be led into Iraq and Afghanistan.”
With all due respect, and in your case there is respect due. I honestly think who needs to be talked to in order to calm this down is our democratically-elected officials. When you honestly look at arms buildup within the Department of Homeland Security, what millions of people look at as staged national disaters to advance an agenda, a terrorist watch list that includes a large swath of American voters who obviously did not vote for the party that is in charge of this and their belief that they are being demonized and targeted with very little coming from this administration to deny this except for when you buy 1.6 billion rounds of hollow point bullets you get them at a cheaper price.
IMHO it has become cool to talk about 1) gun owners, 2) people who think government spending is out of control and a bad thing, 3) anti abortion groups, 4) anti gay marriage groups, 5) hunters, 6) veterans, 7) people who want the borders secured, white supremacists, lump them all into 1 category and call them “Tea billies” while painting a picture that at any minute could walk into a school and massacre children.
In my case I fall under 1, 2, and 7 (my Dad and brother were a 5 but when I went out with them deer hunting at the age of 13 I told my Dad I didn`t want to shoot a deer which I am pretty sure had him worried about me until I started getting into fights and offered football scholarships at the age of 17) but none the less I am lumped into 1-8 and treated as a white supremacist Tea billy and as far as I can see there is nothing coming from Janet, Eric and the gang to dispel this.
Comment by hazard
2013-04-06 06:51:18
“I was once shot at by a 6 year old child with a BB gun while driving through rural Indiana”
It could have been worse, you could have been shot at by a 6 year old child with a 9mm hand gun while driving through Chicago.
Comment by hazard
2013-04-06 07:10:42
For the record, I have no idea how the smiley dude got in that post. I don`t even know how to make that one.
Comment by Prime_Is_Contained
2013-04-06 09:09:10
That would be the 8 followed by the close-parenthesis.
You do now…
Comment by Happy2bHeard
2013-04-06 13:11:52
“It could have been worse, you could have been shot at by a 6 year old child with a 9mm hand gun while driving through Chicago.”
So you support my point that there is an age at which children should not be handling guns.
Comment by tresho
2013-04-06 13:41:06
With all due respect, and in your case there is respect due. I honestly think who needs to be talked to in order to calm this down is our democratically-elected officials. When you honestly look at arms buildup within the Department of Homeland Security, what millions of people look at as staged national disaters to advance an agenda, a terrorist watch list that includes a large swath of American voters who obviously did not vote for the party that is in charge of this and their belief that they are being demonized and targeted with very little coming from this administration to deny this
I heard and read the tones of public discourse go down the toilet starting about 1992. Nowadays hysterical utterances and insane rhetoric are the norm, even for TV weathermen predicting the next snowstorm. It’s very hard to perceive your surroundings and describe them usefully when your only language is so distorted.
Comment by Prime_Is_Contained
2013-04-06 16:31:01
So you support my point that there is an age at which children should not be handling guns.
Clearly that is the case—similar to how you would never hand a steak-knife to a toddler. Small infants can’t even handle their own fingernails safely; they have to be kept short to avoid scratching themselves.
But the age at which children can be taught firearm safety is not all that old. I think I took a gun-safety course when I was ten or twelve (can’t remember my exact age), and I was allowed to use guns thereafter for hunting, target, and sport (trap), as long as I was properly supervised by an adult. But I was trusted to use the bb-gun alone.
Comment by hazard
2013-04-06 17:56:53
“So you support my point that there is an age at which children should not be handling guns.”
I will do better than that, I will make a point that at 6 years old IMHO kids should not be touching guns. My Dad started teaching me how to shoot when I was about 8 or 9 years old but at 6 years old to the best of my recollection he had already taught me not to touch guns. I say to the best of my recollection because as long as I can remember growing up I knew that and there were rifles on a gun rack in our den long before I was there. And to the best of my recollection I knew what would happen to me if I did not listen to what my father told me and it was not good, which would have been long before I could actually reach the guns. I was allowed to shoot targets on my own when I was about 13. By then I had been well schooled in gun safety.
Comment by hazard
2013-04-06 18:03:52
“It’s very hard to perceive your surroundings and describe them usefully when your only language is so distorted.”
Comment by joe smith
2013-04-05 11:54:04
All the teabillies will be dead, it’s just a question of how much of the country gets f***ed up in the process. I don’t trust DHS not to take out innocent people while they’re out hunting teabillies and lobbing missiles into residential areas. The amount of firepower DHS has built up in the last few years is staggering.
Comment by hazard
2013-04-06 18:08:53
tresho
Did you notice that you got no……. With all due respect, and in your case there is respect due.
If you take the “mean” curve to be the inflation line starting in about 2000, then the DC area hit the bottom of capitulation a year ago. My house was supposedly 40% “off peak” when I bought it.
Your picture has no sources or data. It is meaningless. (unlike this chart showing USA house prices have reverted close to trend since the early 80s) Why?
“Your picture has no sources or data. It is meaningless. (unlike this chart showing USA house prices have reverted close to trend since the early 80s) Why?”
Looks about right for Modesto or Stockton, but who “wants” to live in the central valley. Case-Shiller doesn’t describe the California coastal cities, IMHO.
From yesterday: Kudos to locallandlord for this astute catch:
————— Oxide: As for don’t buy more than you need, the minimum for SFH is 3-bed. Smaller just doesn’t have the resale value.
Locallandlord: Also - haven’t you asserted time and again that you didn’t buy your home for the resale value?”
—————
Nice catch, LLL! It’s true that I didn’t buy “a” house specifically for the resale value. But I did decide, even years ago, that if I were to buy house, it would probably be a 3-bed SFH instead of a condo or a 2-bed. Not that there are many 2-bed SFH anyway.* That extra bedroom, even a small one, gives you a lot more bang for your buck on resale value, if only because your pool of potential buyers/tenants expands to families. It’s not the only reason to buy a house vs. renting, but it is a reason for choosing 3 beds vs. 2 beds.
OK, now y’all can blast me, starting with El Pimpo.
—————–
*for the record, I drove through an enclave of post-war 2-bed houses… only to find that nearly every. single. one. of. them. had had additions added onto the back, or even an added second floor. Apparently the owners knew the value of that extra bedroom too.
I think maybe it is not just the resale value and thereby greater profits to be reaped from three bedrooms. It strikes to the heart of the single person’s self esteem to have multiple bedrooms, like wings of the castle so to speak. It is like me having a small boat stored on the deck of my larger boat. I have choices and options and feel good about myself. Even better in my case, if the big boat goes underwater, the small boat is detachable and can be deployed independantly.
Well I figure the 3rd BR will come in handy when/if you have to take in roomies. Did you really pay 7x your income for a house or is that “someone”s exaggeration.
I’m a big proponent of smaller houses but I’m not going to argue it here. I figure time will tell if they are going to get popular. There are lots of 2 BR homes around here. It’s the 1 BR homes that are rare.
BTW, you didn’t spell my name right. It’s easier to remember if you know Spanglish.
I found some “great” 1-BR homes at a place I’ve known since childhood, Northport, Leelanau County, Michigan. This place was one of the original ‘motor courts’, a collection of tiny 1-BR cabins rented out seasonally. Originally they were not used in the winter. About 1996 they & their tiny lots were sold off to individual buyers at about $29,000 each, which seemed ridiculous to me at the time. Open Google Earth, go to 45.122120° -85.617268°. Get down to Street View and look northeast to see them. About 2009 one was advertised for sale for $79,000. I don’t know if it sold.
Local public school enrollments are shrinking as families with school age children are mostly priced out of living in the district.
The notion of a “home office” is hilarious. And thankfully it has gone the way of the dodo bird with wireless, notebooks and smart(stupid)phones.
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Comment by Steve J
2013-04-05 09:10:08
More and more businesses are pushing work outside of office hours.
Comment by Pimp Watch
2013-04-05 09:23:09
….. that can be done from a notebook anywhere on the planet.
Comment by Rental Watch
2013-04-05 10:53:59
A home office was one of our “wish list” items, not critical, but preferred. We have a dedicated office (prior owner put all the built-in desks, etc., so investment of $0…cool).
With kids around (even if there is someone at home to care for them), there is a MAJOR benefit for my wife to be able to close the door, lock it, and have conference calls, no interruptions, etc.
This is pretty valuable, especially if my wife has a window of 1-2 hours before a local kid event (perhaps she’s helping in the classroom for our kindergartner at 10:30), and would waste 50% of that time by driving into the office and back.
Her job (attorney) does not allow her to have conference calls in places where anyone can overhear.
Comment by joe smith
2013-04-05 12:08:01
I love my office, I have storage for my go-to reference books (LexisNexis and WestLaw are too expensive to use for basic research) and a large 37″ monitor side-by-side with a smaller 24″ for word processing (I “spread out” open PDFs on the 37″). Nice big surfaces for when I have to pull things apart to mark them up. A couple large (probably 4′ x 6′) white boards I use for planning & reminder notes, a large 2-month calendar white board, built-in chargers for every gadget I have, built-in ipod hook up, labeled hard drives for work stuff/personal stuff/ and general storage. Large paper shredder and fax/scanner/printer.
We also have a large work table in there for my wife’s teaching stuff and she has all her supplies in a large closet space.
Pretty nice space in general. I know *exactly* where everything is, I don’t tire my eyes out looking at some stupid shitty screens, and I can get things done much more quickly because I don’t have to fumble around on a couch or kitchen table like some slobby college kid.
I’m the kind of person who never leaves random crap laying around my house. I do not want work stuff or my wife’s teaching/grad school stuff sitting in the kitchen or the media room or especially in the bed room.
The best part is the tax deduction. What a joke of a tax code we have where I am rewarded for something like that.
Comment by localandlord
2013-04-05 14:11:17
Oh heck, I have a front office and a back office. The front office doubles as a guest BR, the back office serves as an antechamber to keep people from walking through the BR on the way to the deck. Somehow I manage to keep straight what is where, but I’m just as likely to pay bills at the table in the kitchen. All this in 900 sf.
I’ll have to think about considering my dingy a walk in closet. You high rollers are sure an interesting bunch.
We don’t have any child creatures, but if we did we could tow them in the dingy.
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Comment by Prime_Is_Contained
2013-04-05 08:38:19
We don’t have any child creatures
Ah, so it’s “we” now, is it Blue? Your verbal change is telling. How long have you and your Canadian redhead been going cruising together now?
Comment by Blue Skye
2013-04-05 08:51:26
Since 2006. Life is good. She beats me at cribbage all the time now though.
Hopefully a grandchild or two will visit for a short time this season, so we can test the spare room.
Comment by Prime_Is_Contained
2013-04-05 09:01:53
Since 2006. Life is good.
Nice—I’m glad to hear it.
Is she starting to hint to you for the big-M at all, or are neither of you interested in that?
Personally, I would find the idea of Canadian citizenship to be a draw…
Comment by oxide
2013-04-05 09:17:31
Do the child creatures that you live with during the winter know that you refer to them as child creatures?
Comment by Blue Skye
2013-04-05 09:24:26
We have an “until misery do we part” agreement. A good part time relationship is better than a miserable full time one, and we are good to each other.
I am still recovering from PTSD. Anything is possible, but nothing is required. Like a mortgage, promises are easily made, it is the keeping them that can prove difficult. I kept mine for three and a half decades. Figure I have paid my original debt to society.
Comment by Blue Skye
2013-04-05 09:26:24
Oxy, when they are present I refer to them as “ankle biters”. Don’t be harsh with me, I raised four mostly single handed.
Comment by Rental Watch
2013-04-05 10:56:33
“I raised four mostly single handed.”
Have you been able to get the stains out of your superhero cape? My wife and I both have careers and kids…we see going into the office on Monday as a break. Huge respect for you.
Comment by Blue Skye
2013-04-05 11:54:28
My superhero cape unfortunately fell apart completely. There is no putting it back together.
That stuff looks like it cost quite a bit of cash in the trash.
Well, not like I have any right to talk. Guess what I’m doing this evening? Yep! Home Depot is having its Black Friday sales on mulch and potted herbs!
Comment by goon squad
2013-04-05 09:34:22
The amount of *fun* that the pictured gear enables is incalculable.
Comment by rms
2013-04-05 23:14:55
The amount of *fun* that the pictured gear enables is incalculable.
+1 Agreed. But no custom made bicycles or skydiving gear?
We bought a 2 BR SFH. The kids are not happy about sharing a room but one of them is already a teenager and we are not moving again - no downsizing for us.
Growing up in Manhattan I always shared a room and now as adults my sister is one of my best buddies.
I admit, I like the smaller cutie-patootie houses too. But there are very few 2-bed detached SFH in the cold-war (i.e. commutable) burbs. At the time, families were upsizing, not downsizing.
I suppose the ideal would be a 2-bed townhome. Just enough yard satisfy the gardening bug, but not enough to have to hire someone. There are a lot of those downtown. However, now you’re climbing steps to the bedrooms.
OK, now y’all can blast me, starting with El Pimpo.
Joshua Tree Extension has made my HBB reading experience so much more pleasurable.
I enjoy the back and forth and differences of opinion on this blog, but someone posting the same thing over and over, with no real insight or reputable links, while being rude at the same time, is just a waste of my time.
Dang. As usual, my paranoid employer has disabled/blocked the ability to download the linked extension. As well as goon’s photos, Youtube, you name it, they’ve blocked it.
Our affiliate, an esteemed local university, has Twitter and Facebook enabled for its employees. Wish that attitude would catch on around here.
Thanks! I’ve been looking for this. Just installed it. I took a bit to find the itty bitty preferences button at the bottom Blocking is easy, just highlight the poster’s name, right click and block!
No worries here by dear debt-junkie. You on the otherhand.
Comment by Blue Skye
2013-04-05 18:00:52
Oxy, you are acting like one accustomed to having men run screaming for dear life when you threaten them with a smooch. It is kind of scary. Maybe you could be less obtuse?
Joshua Tree Extension has made my HBB reading experience so much more pleasurable.
I like how it tracks which posts you haven’t read yet and easily takes you through those only. But I found the blocking feature to be unusable because it blocks all responses in a thread after the blocked person posts and I didn’t want to miss those.
Chained CPI. As I understand it; if the price of things goes up, you are expected to switch to some substitute that you can afford, so no matter the quality goes down, your cost of living stays the same. No COLA for you. I’ve read that this is how the White House proposes to help “balance” the budget.
what if there is no substitute? Its called pricing power and monopolies.
look at healthcare. If you get sick what are your choices? You get treated or you dont. Sometimes if you dont get treated you risk death.
They have you by the b@lls. They have pricing power.
Higher Education has pricing power because they have the system rigged where if you dont have a degree you basically are eliminated from a lot of jobs.
Now look at food. Sure you have to eat but you can choose what you eat. If bacon goes up beyond what you thinks it worth you have the choice to eat something else.
I think cereal makers are learning a big lesson here. They kept raising the price so high that a lot of people quit eating it, I did. Now it seems they are having a hard time even selling it. Profits are way down. Its hard to get those people back too.
+1. Maybe I should have a talk with Obama and tell him that prices are NOT rising because of inflation. Prices rise because they are “needs” and retailers know that people have to pay. For evidence of this you only need to look at WHAT prices are rising on. Yep, all the stuff that the little old ladies on SS need to buy.
It’s the equivalent of hoarding and price gouging ice during a power outage… really it’s as simple as that. But it’s so subtle that the Feds haven’t caught on yet. Will we see the days of price controls on food? Remember the Arab Spring sprung on rising food prices.
Funny, I was actually considering making a moving truck run to LA to pick up a load of ice for sale in San Diego when the big power outage hit. Do you think I would have sold it for $1.99 per bag? No way! It was going to pencil out at around $7 for my time/fuel/rental. Course, a bunch of knuckleheads would probably complain that I was gouging… Total profit would have been around $1500 for about 6 hours of work.. But equally I would have had to risk about $800 for rental, fuel, and ice costs.
Seriously, it was Reagan who redefined inflation after he successfully won office by campaigning against the double inflation and rising UE that had been in effect for years.
What most people have forgotten is that if UE and inflation were still measured the old way, it would be obvious that nothing has improved in the last 35 years.
In fact, for J6P, things have gotten significantly worse.
A key feature of the plan Obama now is submitting for the federal budget year beginning Oct. 1 is a revised inflation adjustment called “chained CPI.” This new formula would effectively curb annual increases in a broad swath of government programs, but would have its biggest impact on Social Security. By encompassing Obama’s offer to Boehner, R-Ohio, the plan will also include reductions in Medicare spending, much of it by targeting payments to health care providers and drug companies.
Obama’s budget proposal also calls for additional tax revenue, including a proposal to place limits on tax-preferred retirement accounts for wealthy taxpayers. Obama has also called for limits on tax deductions by the wealthy, a proposal that could generate about $580 billion in revenue over 10 years.
The inflation adjustment would reduce federal spending over 10 years by about $130 billion, according to past White House estimates. Because it also affects how tax brackets are adjusted, it would also generate about $100 billion in higher taxes and affect even middle income taxpayers.
Sounds like cuts for the middle class and poor and higher taxes for the middle and upper middle class.
98 Percent
In 2020, the change would raise taxes for 78.3 percent of households by an average of $124, according to the nonpartisan Tax Policy Center in Washington. Taxes would increase for 98 percent of households making between $75,000 and $100,000 a year.
President Barack Obama’s budget proposal would cap multimillion-dollar tax-favored retirement accounts like the one held by Mitt Romney, his Republican rival in 2012.
Obama’s budget plan, to be unveiled April 10, would prohibit taxpayers from accumulating more than $3 million in an individual retirement account. That proposal would generate $9 billion in revenue for the Treasury over the next decade, according to a White House statement released today.
“Under current rules, some wealthy individuals are able to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving,” the statement said.
The most prominent taxpayer with a multimillion-dollar IRA is Romney, the 2012 Republican nominee and co-founder of Bain Capital LLC. Romney disclosed in public filings during the presidential campaign that his retirement account held between $18.1 million and $87.4 million. At one point, the maximum exceeded $100 million.
Maybe I was a little too harsh.
but
It also proposes using the calculation for adjusting income tax brackets, which would mean higher payments for many taxpayers.
and
The plan includes a new inflation gauge that would effectively reduce cost-of-living increases for Social Security
This is clearly targeted at the middle and upper middle class.
+1. Something like means-testing would clearly target the upper middle class.
Reducing the apparent CPI is just a way to slowly wring-out benefits, bringing them down to a lower level at a barely perceptible rate.
It will primarily impact old, poor women living alone.
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Comment by Blue Skye
2013-04-05 08:52:54
Us old guys buy groceries too….
Comment by Prime_Is_Contained
2013-04-05 08:59:48
Us old guys buy groceries too….
I didn’t meant to diminish the impact to “old guys,” Blue—merely trying to point out that demographically-speaking, it tends to be the women who outlive the men, and that they are therefore much more likely to run out of assets and end up being poor towards the end of their life.
Therefore, as a group, this will impact them the most.
Comment by Blue Skye
2013-04-05 09:28:44
I understand. I will share my beans and rice with the widow down the street in that case.
I said middle upper middle but should add poor as well.
How many middle and upper middle end up with no significant savings at retirement. I’d say plenty. SS still accounts for a big percentage of monthly income for them particularly in the age of ZIRP
According to Trulia, rents have flattened or are declining in many areas due to the influx of investors in SFH.
IIRC, back in 2006-ish, we were predicting rents to increase briefly while lots of housing supply was out-of-commission in the foreclosure pipeline, while the people who had been foreclosed would be seeking rentals.
At some point, though, we expected the pig to come through the python, causing rents to decline again.
Is this the leading edge of that effect, where sufficient supply is finally available to push rents down noticeably—e.g. the beginning of making for unhappy investors?
In some markets where investors are especially active in buying and renting out single-family homes, rents are actually falling year-over-year, including in Los Angeles, Orange County, and Las Vegas. In two other key investor markets – Atlanta and Phoenix – single-family home rents rose less than 1% year-over-year. Even where single-family home rents are rising most, like Tampa, Dallas, and several other Florida and Texas metros, single-family prices are rising faster. In all of the largest single-family-home rental markets, prices are rising faster than rents – and in many, it’s by a wide margin.
Single-Family Prices and Rents,
Among Largest Single-Family Rental Markets
# U.S. Metro Y-o-Y% change in single-family home rents
1 Las Vegas, NV -1.9%
2 Fort Lauderdale, FL -1.2%
3 Chicago, IL -1.2%
4 Orange County, CA -0.7%
5 Washington, DC-VA-MD-WV -0.7%
6 Los Angeles, CA -0.4%
7 San Diego, CA -0.1%
And another thing: when did you start trusting Zillow as a data-source?? I thought we had broad agreement that their models were flawed during the bubble; their zestimates were still going up bubbliciously when we knew the market had turned. Given that, why would you trust them now?
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Comment by Pimp Watch
2013-04-05 10:19:22
You’re having a hard time huh liar?
Tampa DOWN 5.5%MoM, DOWN 7.3% QoQ
Dallas DOWN 0.7%MoM, DOWN 0.6% QoQ
DC DOWN 1.2%, DOWN 2.8% QoQ
Comment by Prime_Is_Contained
2013-04-05 14:37:36
I copied those numbers out of the three links that YOU sent. Verbatim.
Anyone here can click on the links themselves to see which version they see.
In fact, I encourage them to do so.
I really wonder sometimes whether you are in an alternate universe… You apparently go to the same webpages and see different numbers on them.
Anyone else care to chime in on which version of the numbers YOU see at the links above?
Comment by Prime_Is_Contained
2013-04-05 14:42:48
Tampa DOWN 5.5%MoM, DOWN 7.3% QoQ
Ah, I see your error now: you sent a link to the “Zillow Home Value Index” chart, but you were actually clicking on the “Sale Price” and seeing different data.
Yes, on the sale price, the numbers you list are close (modulo typos):
Tampa: DOWN 5.7 % MoM, DOWN 7.3 % QoQ, UP 16.1 % YoY
You should be more clear on what you are quoting. The links you sent went to pages that showed everything being UP, according to the Zillow Home Value Index.
Comment by Al
2013-04-05 19:55:54
Prime, keep in mind he’s the HBB “realtor level thinker”, which is to say he doesn’t do well with critical thinking, math or analysis of facts. He just likes to say stuff which suits his agenda. Bit of an emBEARassment, but what can you do but humour him?
Comment by Pimp Watch
2013-04-05 20:05:08
Refute it. Don’t be cowardly. Refute it.
Comment by Al
2013-04-05 21:21:26
“Refute it.”
How about this, from your links:
Tampa YoY: +16.1%
Dallas YoY: +60.3%
Washington YoY: +11.7%
Pretty bullish numbers you’re linking to. But you don’t understand what you’re posting. You cherry pick the same as a realtor would. You’re no better than those you despise.
For example, where did you get this stat:
“Say….. How far down would the market move prices if it were allowed to operate on it’s own?
65%.”
A real bear can quote a source. A real bear understands why the markets is in trouble. Real bears know why the market is destined to go down. But you? You’re no better than a realtor. You’re an emBEARassment.
Show your source. Prove it. (you can’t)
Comment by Pimp Watch
2013-04-06 04:43:20
Posting front page opinion number? Someones estimate?
How dishonest you are. And as if “Realtor” hasn’t been discredited enough, you, a Realtor, would once again, lie to the public and post an opinion number.
Here’s the truth, right from the very links I posted.
Tampa DOWN 5.5%MoM, DOWN 7.3% QoQ
Dallas DOWN 0.7%MoM, DOWN 0.6% QoQ
DC DOWN 1.2%, DOWN 2.8% QoQ
And wait to see what happens to rents when those with the MOST ability to pay leave rentals to own homes, and there is an influx of renters with LESS ability to pay as construction gets back on it’s feet. Landlords lose pricing power in a big way.
Comment by RioAmericanInBrasil
2013-04-04 20:01:34
Polls are always suspect,
I am pro-gun. But show me 4 polls that contradict the polls I’ve noted saying the opposite. You can’t because there are none.
I don’t know what it means. I’m just reporting the facts.
——————————-
Rio, I didn’t bother to look for four polls, but you can’t say that there are “none”. I found one with almost zero effort.
I stand by my statement that polls are always suspect, because small changes in wording (or even just the order that questions are asked in) can result in massive differences in the results.
Thus, the results are easily manipulated.
——————————-
ISRA Press Release:
Survey Results Show Gun Owners Do Not Support Gun Control And Don’t Trust Politicians
SPRINGFIELD, Ill., March 18, 2013 /PRNewswire-USNewswire/ — The following was released today by the Illinois State Rifle Association (ISRA):
A weekend internet survey conducted by the ISRA reveals that gun owners solidly support the right to keep and bear arms and overwhelmingly reject gun control schemes currently before Congress and the Illinois General Assembly.
The survey was accessible from the ISRA’s Internet page and was also distributed by way of the ISRA’s e-mail alert service. In all, more than 4,500 individuals responded to the 50-question survey over a two-day period. Of those 4,500 respondents, 97% reported that they owned at least one firearm.
Survey results indicate that recent gun control proposals are not very popular with gun owners. No less than 99% of respondents expressed opposition to banning AR-15 style rifles. Similar majorities oppose banning AK-47 style rifles and other semiautomatic rifles, pistols and shotguns.
Proposed regulation of ammunition also failed to garner support among those surveyed. A full 99% of respondents oppose limits on how much ammunition a person could buy. Similar numbers oppose registration of ammunition purchases, microstamping of cartridges, and ammunition taxes to pay for crime victim medical bills. Contrary to what is reported in the media, 98% of gun owners surveyed oppose limits on the capacity of rifle, pistol and shotgun magazines.
Background checks were also unpopular with those surveyed. Results show that two-thirds of respondents oppose background checks on private gun sales – even if the government was required to destroy all records of the background checks.
Much of the gun control movement’s standard wish list found little support among respondents. Gun owner licensing met with 95% opposition while both gun registration and mandatory liability insurance for gun owners are opposed by 98% of those who took the survey.
The ISRA survey results also revealed some significant credibility gaps as witnessed by the fact that less than 5% of respondents feel that the police could protect them from crime. Less than 8% feel that gun control effectively thwarts crime while less than 20% of respondents feel that gun control organizations are acting in good faith. About 90% of respondents feel that politicians who promote gun control are only doing so for political reasons. The credibility of the press took a hit as 97% of respondents feel that media is biased against private firearm ownership. Less than 1% of respondents identify with the policies of big name gun controllers like Rahm Emanuel , Chuck Schumer or Michael Bloomberg .
The survey results show that personal safety was an important issue to respondents. Just over 80% of respondents feel that they could become the victim of violent crime while about half feel unsafe travelling outside their neighborhoods. These concerns most likely drove the 99% support for allowing law-abiding citizens to carry defensive firearms.
“We’ve been a bit skeptical of the reports in the media claiming that firearm owners support gun control,” commented ISRA Executive Director Richard Pearson . “Although our poll was not strictly scientific, it tends to support what we know intuitively. That being that firearm owners stand strongly by the 2nd Amendment while eschewing gun bans, licensing and registration. We are happy with the overall results of the survey. We did find it unsettling however that about 75% of respondents say they feel less welcome in the United States than they did 5 years ago. Sad, but given the current political climate, those feelings are understandable.”
The ISRA is the state’s leading advocate of safe, lawful and responsible firearms ownership. For more than a century, the ISRA has represented the interests of millions of law-abiding Illinois firearm owners.
- Never refi your house. If you need to refi, you’d probably be better off selling.
I disagree. “Never refi” is far too strong a statement. Refi’ing can be not only a responsible thing, but if rates have gone down enough, it is foolish NOT to take advantage of the lower rates.
I have done cash-in refi’s in the past (and yes, the lender looked at me like I was crazy).
You can always take out a 30-yr note, and then make an immediate extra principle payment that shortens it to match your previous mortgage; that way you do not extend the payment period.
joe, your statement makes some sense for people who are refi’ing because they need to cash-out. In that case, they are likely risking the roof over their head to pay other debts, which is often foolish.
But refi’ing to take advantage of lower rates, when done responsibly, makes perfect sense.
1) My rules are based on the idea that you’re buying well within your means, like 1x annual income, give or take.
2) When I said refi, I didn’t contemplate putting cash in with the refi. Even if you do put cash in, you have to remember the fees. And even if you lower the interest rate, are you adding years? Regardless, the part about “if you need to refi, you should probably sell” shows that I was thinking of people who are refi’ing to get $ out or to spread out their payments over more years at a lower rate. Thus, not really getting closer to financial freedom.
3) If you just pay the mortgage off, this is much better IMO. I don’t view my residence as a financial investment, I view it as a comfortable and well-organized place that facilitates the rest of my time outside the house.
I could approve of a cash-in refi. Like you mention, that is a very rare bird. I’d have to see the numbers in any case. If it’s only a few thousand cash in and it’s adding quite a few years to the payoff time, that’s problematic IMO. Depends on age, obviously. If it’s turning a 30 yr mortgage into a 15 mortgage at a lower rate, than this seems smart to me.
Refi’s only make sense if you’re going to keep the loan long enough to make the money back from the fees. I think it’s far smarter to pay the house off as soon as the MID no longer makes sense. For example, in my case that is going to be in 3 or 4 years from now.
Keep in mind, if you’re buying a small house that is much less than you can afford, a) you _will_ be able to pay the house off early and b) you _won’t_ be getting that much utility from MID. The MID “rewards” people who take on oversized mortgages and pay them down slowly, over a 20-30 year period.
Americans are screwed up because they think it’s “smart” to spend 2, 3, 4x income regardless of how much house they really need or whether this house will be “home for life”. The ability to play refi games and use tax deductions is part of an overall cloud on people’s judgment.
Mathematically speaking, If I had a paid off house right now, I might mortgage it for 50% value on a 30 year loan and put the proceeds into low risk liquid assets earning equal or slightly lower rates. This would just be a speculation that 10 years form now rates will be significantly higher and I could earn the money back in the other direction with “shorter term” rates increasing. The risk that rates are going to drop further seems pretty low. And if they did, I could always refi that 50% at an even lower rate… Now is a GREAT time to finance long term debt at 3% rates.. (though not necessarily a great time to purchase depreciating assets with those funds ).
Those “guaranteed profits” are pretty damn risky. I don’t see the returns as “risk free”.
I know you can do NPV calculations…If you could borrow money at 0% (floating rate) to buy 30-year treasuries at 3% (fixed), would you? I wouldn’t. I think that’s _____ing crazy–truly picking up nickels in front of steamrollers.
You are missing a key point, RW: they also had the assurances from the Fed that they would have ZIRP for at least a few years. The Fed gave these assurances publicly; I’m sure they gave AT LEAST that much assurance in private.
So rates really couldn’t move against them. Also, note that the rates at which they were borrowing from the Fed were rates not available to the public, and thus not subject to rate shifts due to market forces at all; there are no market forces at the discount window.
Also, I’m very skeptical that they were buying mostly 30-yr Treasuries, or even ANY 30-yrs; five years back when they started this risk-free trade, they were able to get those kinds of returns on 5yr Treasuries. I would bet that accounted for a significant chunk of their duration.
With a duration that matched the Fed’s period of assurance, it was truly risk-free.
I understand your point. However, at what point does the risk become substantially greater than 0? The closer we get to that tipping point of a bond market breakdown, the riskier such arrangements become. We are too close to that point right now for my comfort level.
We are seeing lenders provide debt to commercial property owners for 10-years fixed at 4% (and sometimes a bit less). Again, I’m a borrower on these kinds of terms…definitely not a lender.
Anecdote from Los Angeles, where my wife and I are apartment hunting. Touring a condo for rent in Sherman Oaks, I inquired about the owner, and was told that he was an out-of-state investor, who bought the property a few weeks ago. Originally listed at $2500/month, the asking rent is now down to $2100, with no takers yet (and a lot of for-rent signs on the mostly-condo block). Even if the buyer was all-cash, I wonder how far down the rent goes before the investment starts to look like a loser?
Good info. A few weeks back we had a broker from LA here with some on the street info about falling prices. He was right too. It looks like prices are starting to come apart in LA.
No idea what it sold for, but for that neighborhood and size I would guess between $400k & $450k. But hey, who cares if it cash flows, you make your money on the appreciation, right?
Fisker hasn’t manufactured a car since summer 2012 and is preparing to file for bankruptcy while laying off it’s entire workforce. How’s that government-backed loan performing for taxpayers? Doing about as well as Solyndra did I see..
Here’s an idea… maybe the government needs to stop picking winners and losers and GTFO of markets? Ah, that’s right. Liberals and Progressives can’t stand not controlling everything.
It would be one thing if there was one auto company in the US and everyone was forced to pay exorbitant prices for cars and trucks because of a lack of competition. That is not the case at all. We have a diverse auto industry in the US with numerous manufacturers to choose from, both foreign and domestic.
What we didn’t need was the Federal government spending millions on a bad bet to further a liberal environmental agenda. Tesla, in partnership with Toyota, already produces electric cars. So do a number of other manufacturers, including Nissan and GM. There was no reason for government support of a startup electric auto manufactuer. That is what I’m referring to when I say “Get out of markets”. It’s like the CAFE standards… yet one more way the government manipulates the market and forces us all to pay for it.
” “I will tell you these are ammunition, they’re bullets, so the people who have those now they’re going to shoot them, so if you ban them in the future, the number of these high capacity magazines is going to decrease dramatically over time because the bullets will have been shot and there won’t be any more available.” - Rep. Diana DeGette (D-Colorado)
This is the face of the liberal progressive communist gun grabber: Uneducated on the facts and feeling too superior in her own intellectual capacity to realize she comes off as a complete fool. How’s that egg on your face?
See the post elsewhere regarding NH. Mr. Smith was dead on about NH voting blue in the latest presidential election… all the moonbats from MA have screwed up this state so much that they decided to move to NH and try and turn it into a worker’s paradise. I’m sure NH will be just as bad as MA in 20 years. Of course, MA will probably be like CA at that point.
Beretta paid approximately $31 million in taxes, employs 400 people, and had invested $73 million in the business over the past several decades. Despite being such a prominent player in the local economy, Beretta was unable to prevent legislators from passing tighter gun control laws. Ironically, Beretta manufactures some firearms that are now banned in Maryland.
Republican state Delegate Anthony J. O’Donnell lamented: “Losing [Beretta] would be a big disappointment. Maryland has a reputation for having a horrible business climate, and this would be one more nail in the coffin.”
Too bad for those 400 people and all that tax revenue… wonder how many voted Democrat in the last election?
“why do you need one (an assault rifle) for self defense?” the unnamed legislator in the article asks. Um, for “self-defense” against a tyrannical government?
COLORADO SPRINGS, Colo. (AP) — Hunters across the United States are boycotting Colorado because of recent legislation meant to curtail gun violence.
Michael Bane, a producer for The Outdoor Channel, announced he will no longer film his four shows in Colorado, and hunters are joining the protests.
Hunting outfitters say people began cancelling trips after the legislation passed, the Colorado Springs Gazette reported (http://tinyurl.com/cfbquoy ). The numbers are few, but growing.
Northwest Colorado hunting guide Chris Jurney expects more state defections in a major tourism industry. Out-of-state hunters accounted for 15 percent of hunting licenses last year, 86,000, compared with 489,000 for residents.
“There’s a united front of sportsmen that are tired of having their freedoms and liberties and fundamental rights taken away from them,” said Jurney, vice president of the Colorado Outfitters Association. “That kind of unity among sportsmen is going to be big, and unfortunately for those of us who live here, we’re going to suffer the consequences of this misguided legislation.”
Legislative leaders declined to comment.
Jeff Lepp, owner of Specialty Sports, a gun and hunting shop in Colorado Springs, predicts hunters are going to choose to visit other Rocky Mountain states.
“Small mountain towns and rural towns in this state are going to lose a lot of money because you’re not going to see the number of out-of-state hunters coming here. Other states are going to see a growth,” he said.
Comment by Cantankerous Intellectual Bomb Thrower™
2013-04-05 19:36:49
I watched some footage of the 3.11 Japanese tsunami last night, which brought to mind the effect of the Fed’s financial liquidity tsunami on U.S. home prices.
Name:Ben Jones Location:Northern Arizona, United States To donate by mail, or to otherwise contact this blogger, please send emails to: thehousingbubble@gmail.com
PayPal is a secure online payment method which accepts ALL major credit cards.
When I look at the vast landscape of potential buyers, I find that my wife and I are like most HBB’ers. No effing way!
Way too much risk for the potential reward. Tax advantages only apply if you are still bringing in the big bucks.
We downsized many years ago, as we chose to remain childless. It has served us very well. If we win the lottery, maybe. Otherwise, no way in hell.
Potential buyers?
Remember…. housing demand is at 17 year lows and falling.
There are massive losses associated with buying housing at current inflated asking prices.
There are massive losses associated with buying housing at current inflated asking prices.
In Brazil it’s tomatoes.
And seaside shanties in the slums.
And seaside shanties in the slums.
Don’t forget “surrounded by a landfill in a 3rd world country”
(I still get a chuckle about that one.)
So do we.
In Brazil it’s tomatoes.
Are you saying that there’s a tomato bubble in Brazil?
choosing to remain childless gets a plus 1,000,000.
But, childless Goon, where are all the hybrid Dennis Kucinich-loving/Semi-Automatic loving kids in the future going to come from?
Believe it or not future doesn’t belong to Kucinich or Ron Paul. Future belongs to Obama or Palin…..both flousrish under a heavy dose of mindless sheeple.
they’re not “born that way”, they’re recruited. just like the homogays
I thought we’ve already agreed that the future belongs to teabilly trash spawn and Jose6Pack.
Educated young people these days aren’t doing a lot of family formation. We are going to be out-populated by the know-nothings and will pay for it down the line when the demographic time bomb goes off. Hopefully this will be in 2060 and I will be almost 75 years old and won’t care one way or the other.
Spawn did his redneck thing:
SISSONVILLE, W.Va. (KDKA/CBS) – Authorities in West Virginia say a star of the MTV reality show “BUCKWILD” and two passengers all died of carbon monoxide poisoning.
http://pittsburgh.cbslocal.com/2013/04/01/buckwild-cast-member-found-dead/
Spawn did his redneck thing:
Whodathunk going four-wheelin’ in the middle of the night when you’re drunk could have a tragic outcome?
choosing to remain childless gets a plus 1,000,000.
Yes, indeed, children are expensive.
But as far as I can tell so far, this is my only life to live.
I choose not to spend my life thinking about all the things I would like to experience “if I won the lottery” (of course that doesn’t stop me from occasionally dreaming about the multi-country trip I would take with my winnings).
Sure, my life would be very different if someone handed me a few million bucks, but since that’s most likely not going to happen, I make an effort to live the kind of life that I won’t have major regrets on my deathbed (or should I find out tomorrow I have a terminal disease).
I know too many people who stay in jobs they hate for decades because they are scared of financial insecurity, women who always wanted kids but waited for the perfect situation and then were too old, folks who spent their entire lives in a town or city they didn’t really like, etc. etc. All they got was bitter and older.
15 days to race day:
http://geminiadventures.com/new/?page_id=125
I totally agree with you.
Some people who have families get some sense of entitlement. They make sure they get to the restaurant check in before you and your companion. Or a line at a shop. I get this treatment a lot. Or from a sister who had this entitlement attitude because she brought children into the world while her siblings did not. Children are great but piggish parents are not.
Anyone live in NW Arkansas?
I’m considering moving there. Too much gun control up here. Only problem is most of the high paying jobs are in Obama (blue) states.
If you have a gun, you don’t need a job. You can take what you want, as nature intended.
Interesting, then, that Washington is becoming so interested in amassing guns, tanks and ammunition.
To rewrite your phrase -if you have a gun, you don’t have to be a producer. You can take what you want, as nature intended.
You can have a job yet not produce anything. You can be paid plenty to take.
Arms is big business.
Eisenhower warned about it 50 years ago.
“Eisenhower warned about it 50 years ago.”
The dream of a secure Israel meant a continuing U.S. presence in the region and that our arms industry would never be allowed to wind-down following WWII. Ditto for the Pacific Rim. It seems that the fall of the Turkish Ottoman empire continues to haunt us.
Weird, we have all those troops in Europe and Asia. All for Israel? Neat.
If you have a gun, you don’t need a job. You can take what you want, as nature intended.
Who knew governments were created out of nature?
Who knew governments were created out of nature?
What else would they have been created out of? Man’s desire to quit living in a state of nature.
Florida man will pay $1 million in restitution for house-flipping scheme in Cuyahoga County Ohio
“A Miscarriage of Justice,” ??????????
I guess justice is not for the ruling elite. Hey Jr., did you play golf with your cousin after that night? Did he have to borrow your 6-iron? I thought so because they found the shaft of your cousin’s Tony Penna 6-iron shoved down Martha Moxley’s throat. There is probably a good reason he changed his story of that night many years later after DNA testing became available. I believe it went from him not being there to him being there in a tree outside Martha Moxley’s window doing something that would have left his DNA at the crime scene.
“Skakel’s long-sought freedom” Puke.
Martha Moxley Pictures - Martha Moxley Photo Gallery - 2013
http://www.fanpix.net/gallery/martha-moxley-pictures.htm - 34k -
RFK Jr. could testify at Skakel trial
David Hennessey
Updated 10:28 pm, Wednesday, April 3, 2013
One of Michael Skakel’s most vocal and powerful supporters and a member of the Kennedy family is one of dozens of witnesses who could testify at Skakel’s upcoming trial, according to an updated witness list.
Robert F. Kennedy Jr., one of more than 50 names disclosed this week on the updated list, has maintained since Skakel’s 2002 murder conviction that Skakel, a Kennedy cousin, did not kill his Belle Haven neighbor Martha Moxley in 1975. Skakel is serving 20 years to life at McDougall-Walker Correctional Institution in Suffield for the crime.
Also filed in that court this week was a disclosure by Hubert Santos, Skakel’s attorney, indicating that Santos will call an expert to testify about Elan, the Maine school and treatment center Skakel attended in the late 1970s. Skakel allegedly confessed to Moxley’s murder to classmates while at Elan. The expert is another component of Skakel’s defense strategy in an attempt to prove Mickey Sherman, Skakel’s former attorney, did not competently defend Skakel in 2002.
The latest attempt to win Skakel’s long-sought freedom, the trial, which is scheduled to begin April 16 in Rockville, will focus on the ways in which Sherman allegedly fell short in his defense of the 52-year-old Skakel, who is the nephew of Robert F. Kennedy’s widow Ethel.
Robert F. Kennedy Jr. attended Skakel’s 2002 trial and testified on his cousin’s behalf during a 2007 hearing.
He also published a lengthy piece in The Atlantic in 2003 titled “A Miscarriage of Justice,” defending Skakel and arguing his indictment was the result of an inflamed media.
http://www.greenwichtime.com/news/article/RFK-Jr-could-testify-at-Skakel-trial-4408079.php - 86k -
Just picked up “The Patriarch: The Remarkable Life and Turbulent Times of Joseph P. Kennedy” by David Nasaw from the library to learn about how it all began.
Too bad Dominick Dunne isn’t alive to provide some commentary on this. He really stood by Mrs. Moxley in her quest for justice and wouldn’t let the issue die. Always enjoyed his Vanity Fair updates.
http://www.marthamoxley.com/news/01312Kgt.htm
Some old, but very pertinent info on this cursed family.
Sentencing him under laws passed after the crime is generally something they used to only do in China and Russia.
Of course holding and torturing people for 10+ years is now the norm.
Ex post facto laws are expressly forbidden by the United States Constitution in Article 1, Section 9, Clause 3.
Prime what if the penalties are lessened say when we legalize pot?
80 years ago today (Wikipedia):
These actions & related ones were later ratified by the US Supreme Court.
These actions & related ones were later ratified by the US Supreme Court.
The nothing that courts are independent of the government makes me laugh.
nothing = notion
No way any of that’s true!
Back in the 1930’s everyone had guns and even machine guns were legal to buy.
As I have been told many times in this blog, an armed populace would NEVER stand for this.
You could be armed and broke, right?
If you are armed and someone’s knocking on your door to take away your posession, that’s a whole another story. I am sure the government is smart enough not to do this. The laws are for the ones who follow.
3D printers may make the whole gun control debate moot.
I ignore executive orders. I expect Obamarx to issue the same decree.
Is it “go time” yet? If not now… When?
Ask Janet.
Suzzanne is researching it.
Suzzane researched it.
FBs
Harpsichord
Lucky Ducky
HBB chants that newcomers would be scratching their heads (or whatevers) about.
There aren’t making any more “go”.
“Is it “go time” yet? If not now… When?”
I think they are waiting for DHS to run out of mags during target practice with their 1.6 billion rounds of ammo because they evidently think that after you run 30 rounds through a 30 round magazine you have to throw it away.
I can not wait to see the headline……
DHS to purchase 500 million 30 round magazines
They have 1 billion hollow points in stock but they threw all their magazines away.
“….they evidently think that after you run 30 rounds through a 30 round magazine you have to throw it away.”
sounds like a good neighborhood to go dumpster diving on trash day.
Not really. If they actually owned any they would know better.
“There aren’t making any more “go”.”
Sure they are. Why these hypocritical tax $ hungry POS liars are allowing everything they are banning to be made right in the states that are banning them.
Bipartisan deal makes Connecticut a symbol on guns
April 2, 2013
By Mark Pazniokas
Senior legislative staff said the bill would contain exemptions for law enforcement, as well as a manufacturer’s exception that would allow Stag, Colt’s and other gun and accessory makers to continue manufacturing in Connecticut.
But Jonathan Scalise, the owner of Ammunition Storage Components of New Britain, a manufacturer of magazines, said he feared a backlash from customers, who may want to boycott gun products manufactured in Connecticut. The industry says Colorado companies faced a loss of business after passage of a gun law.
“My problem is there is going to be a tremendous amount of damage done to the brand,” Scalise said.
http://www.ctmirror.org/story/19620/bipartisan-deal-makes-connecticut-symbol-guns - 61k -
Boycott? You have to really screw up worse than a mass murderer to have your product boycotted in this country…
…and even then…
Boycott? Don’t make me laugh.
Boycott? Don’t make me laugh.
Tell me eco, do you know the history of Smith & Wesson? Do you know what happened in the mid 90’s that caused them to consider bankruptcy and eventually a complete change in management?
I can tell you the boycott is real and it will hurt. Companies that support 2A and stand with us are earning our loyalty and our dollars and those that stand against us will be bankrupted.
People switch loyalties all the time for all kinds of reasons.
That’s not the same as boycott. It just seems like it.
Smith & Wesson Broke Clinton-Era Gun Safety Pledge To Boost Profits
pro-gun advocates saw the agreement as a rank betrayal, and the National Rifle Association said the company had “run up the white flag of surrender.” Under pressure from the boycott, sales fell 40 percent, and Smith & Wesson closed two factories. In 2001, Tompkins PLC, its British owner, sold the company to a U.S. buyer for $15 million, a fraction of the price it had paid for it just a few years earlier.
Hunters boycott CO over gun control
Firearm makers boycott anti-gun states
Keep thinking the left has a monopoly on “grass-roots organizing”. Keep thinking progressives like Bloomberg can counter the NRA and the millions of 2A supporters.
registration, confiscation, extermination
http://westernrifleshooters.files.wordpress.com/2013/04/screen-shot-2013-04-04-at-10-59-54-pm.png?w=584
See my comment and link in the Weekend Ideas thread…
When local LEO like Sheriffs get into a shootout with State and Federal LEO, including the SS, for not upholding the recently enacted weapons ban, that will be Go Time. The governor of CO is pushing to grant the SS new enforcement powers in the state and is also pushing to punish and fire any Sheriff that won’t uphold the recent ban.
That will be time to pack the gear and guns, kiss the wife and children goodbye, and head off to fight tyranny.
BTW, with regards to the CT ban, no one I know in that state is going to register anything. Not their semi-auto rifles and certainly not their high cap magazines. So all those flaming liberals and communists just turned thousands of their citizens into criminals. What do you think is going to happen when a bunch of middle-class family types get dragged through the “Justice System”, their families and future prospects destroyed? You think people will just roll over and die?
The liberals are too stupid to realize this isn’t Australia nor the UK and it certainly isn’t Nazi Germany. Patriots won’t just roll over and play dead. People will die, families will suffer, and our society will be ripped apart in civil war because liberals can’t leave the Constitution alone. I hope you all enjoy the chaos that’s coming, because you shoulder the entirety of the blame…
WHO WILL YOU SHOOT FIRST?
Your English teacher?
These mist covered mountains are home now for me….
They’re coming to take me away ha ha!
They’re coming to take me away hee hee!
“These mist covered mountains are home now for me….”
People used to hide up in the hard-woods where soldiers on horseback couldn’t ride. Pointless now with drones.
Oh, heck yeah. Go! GO! GO NOW!
(And be sure to get back to us on how that “goes” for you.)
“Do You Want Me To Read The Card?”
So what happened to all those people that decided to GO by going back to the land in the 60’s and 70’s? How many of them ended up on Wall Street, like Jerry Rubin?
AGENDA 21 IN NEWTOWN - YouTube
http://www.youtube.com/watch?v=ksnWrkiaAUs - 206k -
(Raises hand timidly.)
google it.
All the teabillies will be dead, it’s just a question of how much of the country gets f***ed up in the process. I don’t trust DHS not to take out innocent people while they’re out hunting teabillies and lobbing missiles into residential areas. The amount of firepower DHS has built up in the last few years is staggering.
“All the teabillies will be dead”
Then they let you know what AGENDA 21 is.
Maybe.
But I think it’s lunacy for any of these teabilly people to think they’ll be around very long if they poke the government machine. Maybe the resistance won’t be futile, maybe it will accomplish something, but I wouldn’t bet on it. Eventually the gov’t will wipe out the redneck teabillies because the firepower is just so lopsided. Tea billies have AR-15? Nice. DHS has incalcuably more firepower at their disposal.
Not to mention if the tea people fight the government it means their kids and families with either die or have to deal with the fallout. Of course, these are people who teach pre-teens how to shoot assault rifles, so the kids are probably lost souls anyway.
Of course, these are people who teach pre-teens how to shoot assault rifles, so the kids are probably lost souls anyway.
Right, because learning a skill like marksmanship and learning the fundamentals of gun safety at an early age is a sure sign of… what? Is this a “You know you’re a Teabillie when…” joke or are you really that naive?
Maybe you can tell me at what age Olympic shooters learn to shoot? Oh, you probably didn’t know that shooting is an Olympic sport. And of course, if that was the case, you didn’t know that Olympic shooting was one of nine original events at the first modern Olympic games. Huh, some cultural significance there.
And of course, the shooting arts have clear self-defense uses. Most statists agree, you can’t have people learning to defend themselves and not be victims dependent upon the state for protection until they’re at least 25…
“Of course, these are people who teach pre-teens how to shoot assault rifles, so the kids are probably lost souls anyway.”
That statement shows that you know as little about the 10s of million of people who you callously refer to as “Tea billies” as Diana DeGette (D-Colo.) the chief co-sponsor of the of the High Capacity Ammunition Feeding Device Act knows about High Capacity Ammunition Feeding Devices.
You sir have swallowed the work of the government propaganda machine hook, line and sinker.
‘Not to mention if the tea people fight the government it means their kids and families with either die or have to deal with the fallout’
I don’t know who tea people are, but if you mean gun owners, this is laughable. So these guys making people take off their shoes off at the airport are going to mow down millions of gun owners? Even the US military is a joke. Do you know they have to have private contractors guard the bases in Iraq and Afghanistan? They can’t even guard themselves.
So the government is going to kill resistors children huh? Here’s a little something to think about:
‘How the post-Sandy Hook gun control push spectacularly backfired in America’
‘They will be targeted. I think that if they pass this bill, legislators who vote for it will be assassinated… they’re going to be military targets, too, and they’re going to be killed. They think they’re immune, but they’re not. They cannot walk around with enough security to keep from being shot by a sniper.” - Stewart Rhodes, OathKeepers.org
(For the record, Stewart Rhodes is not calling for this action. He is merely stating the obvious: that this is likely to take place if gun confiscation comes up for a vote in the U.S. Senate.)
It’s not just Stewart Rhodes saying this, either. Robbie Cooper from UrbanUndergrounds.com says much the same thing:
“We all quickly agreed a violent revolution and rebellion would occur almost immediately [following a federal gun ban]. Most, if not all, members of Congress who voted for the ban / confiscation would be assassinated. And the very first prey that would find themselves in the scopes of the rebels would be the members of Congress who passed this ban and the members of the media who have been their willing mouthpieces and agents of propaganda.”
Bob Owens from Bob-Owens.com paints a similar picture:
“The 535 members of the House and Senate in both parties that allowed such a law to pass would largely be on their own; the Secret Service is too small to protect all of them and their families, the Capitol Police too unskilled, and competent private security not particularly interested in working against their own best interests at any price. The elites will be steadily whittled down, and if they cannot be reached directly, the targets will become their staffers, spouses, children, and grandchildren. Grandstanding media figures loyal to the regime would die in droves, executed as enemies of the Republic.’
‘Veteran firearms instructor Paul Howe even penned a popular piece called 2nd Amendment and the Kool-Aid Drinkers in which he explains one popular solution for handling those who attempt to engage in gun confiscation:
‘Should firearm confiscation begin, solutions are simple. If they cannot live in a community, they cannot work in a community. If their house goes away while they are at work confiscating guns, so be it. Allow them to leave with their family and what possessions they can pack in their car.’
Howe also explains, in other interviews, that gun confiscation teams — “tac teams” — should expect to be attacked without warning and take huge casualties, reducing the effectiveness of those teams and effectively ending gun confiscation activities.’
http://www.naturalnews.com/038970_gun_control_backfired_America.html#ixzz2Pdj3dsvb
You think these DHS shoe sniffers are going to rule us? Or these loser GI Joes that can’t defeat goat herders in Afghanistan? If the Feds want a war, they’ll have one.
God bless those guys, all of them. the communist politicos will find they have bitten off far more than they can chew.
‘the communist politicos will find they have bitten off far more than they can chew’
They know this and wouldn’t dare try anything. The idea of the all-powerful state is nothing but a myth, and they will never allow this to be exposed. But some people like joe still believe. Fine. Remember how the feds couldn’t even get drinking water to New Orleans? We have nothing to fear from these incompetent, corrupt fools in DC except their incompetence and corruption.
Keep in mind these asshats empower the state police.
“Eventually the gov’t will wipe out the redneck teabillies because the firepower is just so lopsided. Tea billies have AR-15? Nice. DHS has incalcuably more firepower at their disposal.”
Hell, we may have an airforce on our side. I would not want to be a hired DHSS agent riding in one of those 2700 Mine Resistant Armor Protected Vehicles the Janet Napolitano just bought and find out that pilot flying close air support in the Warthog had a father who was a “teabilly”.
A-10 Warthog, Thunderbolt II - YouTube
http://www.youtube.com/watch?v=zhPwaApe4Rk - 222k -
• While gun grabbers hoped the U.S. military would agree to fire upon American citizens who refused to turn in their guns, what really happened is that huge numbers of active duty soldiers announced they would never participate in military action against their own countrymen. In fact, inside the military there is rising talk of shooting commanding officers in the head if they order troops to fire on American citizens over gun rights issues.”
http://www.naturalnews.com/038970_gun_control_backfired_America.html#ixzz2Pe3j1YLA
Remember how the feds couldn’t even get drinking water to New Orleans?
that’s because now their own lives are the priority, not the citizen’s. the agenda for much of law enforcement has changed. years ago many cops would willingly risk their lives to stop someone from killing an innocent. now they’re told that their top priority is to ‘come back alive’, not to protect someone else. now days, they only risk their lives unintentionally.
“Right, because learning a skill like marksmanship and learning the fundamentals of gun safety at an early age is a sure sign of… what?”
I was once shot at by a 6 year old child with a BB gun while driving through rural Indiana. At what age is a child old enough to handle a gun responsibly?
As far as self defense goes, I would be more likely to use a non-lethal, temporarily disabling weapon than a gun. I don’t really want to be responsible for killing someone.
Well, a nice civil war might pull us out of the New Depression….
This sort of knee-jerk hysteria (on both sides of the issue) is precisely what allowed us to be led into Iraq and Afghanistan. Can we please tone down the rhetoric and look at this rationally? These are fellow citizens we’re talking about here. And our democratically-elected officials.
You win some, you lose some. If you don’t want your guns on a registry, buy a 3D printer or a good drill press. If you’re worried about regulated ammo, get a reloader and keep your yap shut. But inciting to mob violence and assassination will just get you an unwanted visit from the FBI. And that’s the truth.
“This sort of knee-jerk hysteria (on both sides of the issue) is precisely what allowed us to be led into Iraq and Afghanistan.”
With all due respect, and in your case there is respect due. I honestly think who needs to be talked to in order to calm this down is our democratically-elected officials. When you honestly look at arms buildup within the Department of Homeland Security, what millions of people look at as staged national disaters to advance an agenda, a terrorist watch list that includes a large swath of American voters who obviously did not vote for the party that is in charge of this and their belief that they are being demonized and targeted with very little coming from this administration to deny this except for when you buy 1.6 billion rounds of hollow point bullets you get them at a cheaper price.
IMHO it has become cool to talk about 1) gun owners, 2) people who think government spending is out of control and a bad thing, 3) anti abortion groups, 4) anti gay marriage groups, 5) hunters, 6) veterans, 7) people who want the borders secured, white supremacists, lump them all into 1 category and call them “Tea billies” while painting a picture that at any minute could walk into a school and massacre children.
In my case I fall under 1, 2, and 7 (my Dad and brother were a 5 but when I went out with them deer hunting at the age of 13 I told my Dad I didn`t want to shoot a deer which I am pretty sure had him worried about me until I started getting into fights and offered football scholarships at the age of 17) but none the less I am lumped into 1-8 and treated as a white supremacist Tea billy and as far as I can see there is nothing coming from Janet, Eric and the gang to dispel this.
“I was once shot at by a 6 year old child with a BB gun while driving through rural Indiana”
It could have been worse, you could have been shot at by a 6 year old child with a 9mm hand gun while driving through Chicago.
For the record, I have no idea how the smiley dude got in that post. I don`t even know how to make that one.
That would be the 8 followed by the close-parenthesis.
You do now…
“It could have been worse, you could have been shot at by a 6 year old child with a 9mm hand gun while driving through Chicago.”
So you support my point that there is an age at which children should not be handling guns.
With all due respect, and in your case there is respect due. I honestly think who needs to be talked to in order to calm this down is our democratically-elected officials. When you honestly look at arms buildup within the Department of Homeland Security, what millions of people look at as staged national disaters to advance an agenda, a terrorist watch list that includes a large swath of American voters who obviously did not vote for the party that is in charge of this and their belief that they are being demonized and targeted with very little coming from this administration to deny this
I heard and read the tones of public discourse go down the toilet starting about 1992. Nowadays hysterical utterances and insane rhetoric are the norm, even for TV weathermen predicting the next snowstorm. It’s very hard to perceive your surroundings and describe them usefully when your only language is so distorted.
So you support my point that there is an age at which children should not be handling guns.
Clearly that is the case—similar to how you would never hand a steak-knife to a toddler. Small infants can’t even handle their own fingernails safely; they have to be kept short to avoid scratching themselves.
But the age at which children can be taught firearm safety is not all that old. I think I took a gun-safety course when I was ten or twelve (can’t remember my exact age), and I was allowed to use guns thereafter for hunting, target, and sport (trap), as long as I was properly supervised by an adult. But I was trusted to use the bb-gun alone.
“So you support my point that there is an age at which children should not be handling guns.”
I will do better than that, I will make a point that at 6 years old IMHO kids should not be touching guns. My Dad started teaching me how to shoot when I was about 8 or 9 years old but at 6 years old to the best of my recollection he had already taught me not to touch guns. I say to the best of my recollection because as long as I can remember growing up I knew that and there were rifles on a gun rack in our den long before I was there. And to the best of my recollection I knew what would happen to me if I did not listen to what my father told me and it was not good, which would have been long before I could actually reach the guns. I was allowed to shoot targets on my own when I was about 13. By then I had been well schooled in gun safety.
“It’s very hard to perceive your surroundings and describe them usefully when your only language is so distorted.”
Comment by joe smith
2013-04-05 11:54:04
All the teabillies will be dead, it’s just a question of how much of the country gets f***ed up in the process. I don’t trust DHS not to take out innocent people while they’re out hunting teabillies and lobbing missiles into residential areas. The amount of firepower DHS has built up in the last few years is staggering.
tresho
Did you notice that you got no……. With all due respect, and in your case there is respect due.
And here we are in 2013 with housing on the precipice of a major correction.
Sentiment?
http://img266.imageshack.us/img266/8180/stagesbubble.png
Look to the S&L disaster for clues.
This ain’t the first rodeo.
Look to the S&L disaster for clues.
Except this round isn’t being handled nearly as well.
First clue:
S&L disaster: 1500 bankers in jail.
obama disaster: Not one banker in jail to include John Corzine.
http://www.breitbart.com/Big-Government/2012/08/03/Obama-administration-paves-the-way-for-sharia-law
If you take the “mean” curve to be the inflation line starting in about 2000, then the DC area hit the bottom of capitulation a year ago. My house was supposedly 40% “off peak” when I bought it.
And you’re still underwater and sinking.
Aw luvvyduv how are ya.
But what happened to ignore?
“But what happened to ignore?”
Nothing wrong with a little pat on the head for the local emBEARassment.
And another lying coward of a realtard exposes itself.
Sentiment?
Your picture has no sources or data. It is meaningless. (unlike this chart showing USA house prices have reverted close to trend since the early 80s) Why?
http://en.wikipedia.org/wiki/File:Case-Shiller_data_from_1890_to_2012.png
Thank you for the sentiment indicator Mr. Housing Analyst. Great chart.
Now for some hard reality
http://img802.imageshack.us/img802/7812/caseshiller.jpg
Down we go!
Now for some hard reality
The hard reality is that our two charts do not say the same thing. Why? Seriously.
Why? You created your own chart and posted on Wiki and ask why?
You’re a fraud.
You created your own chart and posted on Wiki
LOL… Dude, there’s a black helicopter outside your window.
Here you go, you can download the data and graph from Professor Shiller’s website if you are skeptical about Wikis.
http://www.econ.yale.edu/~shiller/data.htm
Third-to-last paragraph down has a link to his data.
Inflation adjusted, vs. NOT inflation adjusted.
Wrong again but we don’t expect you to be truthful.
And besides….. inflation during the years on the CS chart is non-existent.
I see you’ve been lulled into believing that 2%-3% annually over 25 years isn’t meaningful. Wake up.
I see you continue to misunderstand and misrepresent inflation.
“Your picture has no sources or data. It is meaningless. (unlike this chart showing USA house prices have reverted close to trend since the early 80s) Why?”
Looks about right for Modesto or Stockton, but who “wants” to live in the central valley. Case-Shiller doesn’t describe the California coastal cities, IMHO.
From yesterday: Kudos to locallandlord for this astute catch:
—————
Oxide: As for don’t buy more than you need, the minimum for SFH is 3-bed. Smaller just doesn’t have the resale value.
Locallandlord: Also - haven’t you asserted time and again that you didn’t buy your home for the resale value?”
—————
Nice catch, LLL! It’s true that I didn’t buy “a” house specifically for the resale value. But I did decide, even years ago, that if I were to buy house, it would probably be a 3-bed SFH instead of a condo or a 2-bed. Not that there are many 2-bed SFH anyway.* That extra bedroom, even a small one, gives you a lot more bang for your buck on resale value, if only because your pool of potential buyers/tenants expands to families. It’s not the only reason to buy a house vs. renting, but it is a reason for choosing 3 beds vs. 2 beds.
OK, now y’all can blast me, starting with El Pimpo.
—————–
*for the record, I drove through an enclave of post-war 2-bed houses… only to find that nearly every. single. one. of. them. had had additions added onto the back, or even an added second floor. Apparently the owners knew the value of that extra bedroom too.
I think maybe it is not just the resale value and thereby greater profits to be reaped from three bedrooms. It strikes to the heart of the single person’s self esteem to have multiple bedrooms, like wings of the castle so to speak. It is like me having a small boat stored on the deck of my larger boat. I have choices and options and feel good about myself. Even better in my case, if the big boat goes underwater, the small boat is detachable and can be deployed independantly.
Well I figure the 3rd BR will come in handy when/if you have to take in roomies. Did you really pay 7x your income for a house or is that “someone”s exaggeration.
I’m a big proponent of smaller houses but I’m not going to argue it here. I figure time will tell if they are going to get popular. There are lots of 2 BR homes around here. It’s the 1 BR homes that are rare.
BTW, you didn’t spell my name right. It’s easier to remember if you know Spanglish.
I found some “great” 1-BR homes at a place I’ve known since childhood, Northport, Leelanau County, Michigan. This place was one of the original ‘motor courts’, a collection of tiny 1-BR cabins rented out seasonally. Originally they were not used in the winter. About 1996 they & their tiny lots were sold off to individual buyers at about $29,000 each, which seemed ridiculous to me at the time. Open Google Earth, go to 45.122120° -85.617268°. Get down to Street View and look northeast to see them. About 2009 one was advertised for sale for $79,000. I don’t know if it sold.
Local public school enrollments are shrinking as families with school age children are mostly priced out of living in the district.
Extra bedrooms = home office & walkin closet.
BR 1 and 2 are for the homeowner(s) and their child.
The notion of a “home office” is hilarious. And thankfully it has gone the way of the dodo bird with wireless, notebooks and smart(stupid)phones.
More and more businesses are pushing work outside of office hours.
….. that can be done from a notebook anywhere on the planet.
A home office was one of our “wish list” items, not critical, but preferred. We have a dedicated office (prior owner put all the built-in desks, etc., so investment of $0…cool).
With kids around (even if there is someone at home to care for them), there is a MAJOR benefit for my wife to be able to close the door, lock it, and have conference calls, no interruptions, etc.
This is pretty valuable, especially if my wife has a window of 1-2 hours before a local kid event (perhaps she’s helping in the classroom for our kindergartner at 10:30), and would waste 50% of that time by driving into the office and back.
Her job (attorney) does not allow her to have conference calls in places where anyone can overhear.
I love my office, I have storage for my go-to reference books (LexisNexis and WestLaw are too expensive to use for basic research) and a large 37″ monitor side-by-side with a smaller 24″ for word processing (I “spread out” open PDFs on the 37″). Nice big surfaces for when I have to pull things apart to mark them up. A couple large (probably 4′ x 6′) white boards I use for planning & reminder notes, a large 2-month calendar white board, built-in chargers for every gadget I have, built-in ipod hook up, labeled hard drives for work stuff/personal stuff/ and general storage. Large paper shredder and fax/scanner/printer.
We also have a large work table in there for my wife’s teaching stuff and she has all her supplies in a large closet space.
Pretty nice space in general. I know *exactly* where everything is, I don’t tire my eyes out looking at some stupid shitty screens, and I can get things done much more quickly because I don’t have to fumble around on a couch or kitchen table like some slobby college kid.
I’m the kind of person who never leaves random crap laying around my house. I do not want work stuff or my wife’s teaching/grad school stuff sitting in the kitchen or the media room or especially in the bed room.
The best part is the tax deduction. What a joke of a tax code we have where I am rewarded for something like that.
Oh heck, I have a front office and a back office. The front office doubles as a guest BR, the back office serves as an antechamber to keep people from walking through the BR on the way to the deck. Somehow I manage to keep straight what is where, but I’m just as likely to pay bills at the table in the kitchen. All this in 900 sf.
I’ll have to think about considering my dingy a walk in closet. You high rollers are sure an interesting bunch.
We don’t have any child creatures, but if we did we could tow them in the dingy.
We don’t have any child creatures
Ah, so it’s “we” now, is it Blue? Your verbal change is telling. How long have you and your Canadian redhead been going cruising together now?
Since 2006. Life is good. She beats me at cribbage all the time now though.
Hopefully a grandchild or two will visit for a short time this season, so we can test the spare room.
Since 2006. Life is good.
Nice—I’m glad to hear it.
Is she starting to hint to you for the big-M at all, or are neither of you interested in that?
Personally, I would find the idea of Canadian citizenship to be a draw…
Do the child creatures that you live with during the winter know that you refer to them as child creatures?
We have an “until misery do we part” agreement. A good part time relationship is better than a miserable full time one, and we are good to each other.
I am still recovering from PTSD. Anything is possible, but nothing is required. Like a mortgage, promises are easily made, it is the keeping them that can prove difficult. I kept mine for three and a half decades. Figure I have paid my original debt to society.
Oxy, when they are present I refer to them as “ankle biters”. Don’t be harsh with me, I raised four mostly single handed.
“I raised four mostly single handed.”
Have you been able to get the stains out of your superhero cape? My wife and I both have careers and kids…we see going into the office on Monday as a break. Huge respect for you.
My superhero cape unfortunately fell apart completely. There is no putting it back together.
if we had a second bedroom it would probably look like this
http://www.picpaste.com/P5112425-o7XpegOg.JPG
That stuff looks like it cost quite a bit of cash in the trash.
Well, not like I have any right to talk. Guess what I’m doing this evening? Yep! Home Depot is having its Black Friday sales on mulch and potted herbs!
The amount of *fun* that the pictured gear enables is incalculable.
The amount of *fun* that the pictured gear enables is incalculable.
+1 Agreed. But no custom made bicycles or skydiving gear?
We bought a 2 BR SFH. The kids are not happy about sharing a room but one of them is already a teenager and we are not moving again - no downsizing for us.
Growing up in Manhattan I always shared a room and now as adults my sister is one of my best buddies.
“…you didn’t spell my name right”
You and Jose Canusi.
I admit, I like the smaller cutie-patootie houses too. But there are very few 2-bed detached SFH in the cold-war (i.e. commutable) burbs. At the time, families were upsizing, not downsizing.
I suppose the ideal would be a 2-bed townhome. Just enough yard satisfy the gardening bug, but not enough to have to hire someone. There are a lot of those downtown. However, now you’re climbing steps to the bedrooms.
OK, now y’all can blast me, starting with El Pimpo.
Joshua Tree Extension has made my HBB reading experience so much more pleasurable.
I enjoy the back and forth and differences of opinion on this blog, but someone posting the same thing over and over, with no real insight or reputable links, while being rude at the same time, is just a waste of my time.
Here’s the link: https://docs.google.com/open?id=0B0QMI_-Iy8pod25GTjYwRTFZNlU
Dang. As usual, my paranoid employer has disabled/blocked the ability to download the linked extension. As well as goon’s photos, Youtube, you name it, they’ve blocked it.
Our affiliate, an esteemed local university, has Twitter and Facebook enabled for its employees. Wish that attitude would catch on around here.
Thanks! I’ve been looking for this. Just installed it. I took a bit to find the itty bitty preferences button at the bottom Blocking is easy, just highlight the poster’s name, right click and block!
Does the extension work for Chrome? Or just Firefox?
Only firefox, I believe.
Yep, only firefox.
I’ve been considering writing one for Chrome or my own use; I might be more motivated to do so if there is sufficient interest from others.
And you cowards posted up months ago how you were going to ignore the truth. And you’re still saying it. Yet you continue to read.
You don’t have the fortitude to ignore the truth.
Don’t worry nooglybaby, somebody still reads you.
No worries here by dear debt-junkie. You on the otherhand.
Oxy, you are acting like one accustomed to having men run screaming for dear life when you threaten them with a smooch. It is kind of scary. Maybe you could be less obtuse?
Joshua Tree Extension has made my HBB reading experience so much more pleasurable.
Indeed it has. Like the saying goes, children should be seen and not heard, and in the case of the HBB not even seen
Joshua Tree Extension has made my HBB reading experience so much more pleasurable.
I like how it tracks which posts you haven’t read yet and easily takes you through those only. But I found the blocking feature to be unusable because it blocks all responses in a thread after the blocked person posts and I didn’t want to miss those.
Chained CPI. As I understand it; if the price of things goes up, you are expected to switch to some substitute that you can afford, so no matter the quality goes down, your cost of living stays the same. No COLA for you. I’ve read that this is how the White House proposes to help “balance” the budget.
Shut yer commie talk mouth and go drink a 59 ounce half gallon of orange juice, serf.
I am switching to orange flavored “drink”. My cost of living is actually going down.
Just what is Sunny D made out of? (shudder)
Water. Sugar. Orange (coloring).
(With props to Dave Chappelle…)
It’s what plants crave?
what if there is no substitute? Its called pricing power and monopolies.
look at healthcare. If you get sick what are your choices? You get treated or you dont. Sometimes if you dont get treated you risk death.
They have you by the b@lls. They have pricing power.
Higher Education has pricing power because they have the system rigged where if you dont have a degree you basically are eliminated from a lot of jobs.
Now look at food. Sure you have to eat but you can choose what you eat. If bacon goes up beyond what you thinks it worth you have the choice to eat something else.
I think cereal makers are learning a big lesson here. They kept raising the price so high that a lot of people quit eating it, I did. Now it seems they are having a hard time even selling it. Profits are way down. Its hard to get those people back too.
+1. Maybe I should have a talk with Obama and tell him that prices are NOT rising because of inflation. Prices rise because they are “needs” and retailers know that people have to pay. For evidence of this you only need to look at WHAT prices are rising on. Yep, all the stuff that the little old ladies on SS need to buy.
It’s the equivalent of hoarding and price gouging ice during a power outage… really it’s as simple as that. But it’s so subtle that the Feds haven’t caught on yet. Will we see the days of price controls on food? Remember the Arab Spring sprung on rising food prices.
Gawd you’re deluded.
It’s the equivalent of hoarding and price gouging ice during a power outage…
WTF, oxy?!? Do you really believe that every free-market transaction should be made illegal???
Central planning does not have an impressive history at setting prices appropriately.
No need for price controls just do away with ethanol and poof food prices fall.
Funny, I was actually considering making a moving truck run to LA to pick up a load of ice for sale in San Diego when the big power outage hit. Do you think I would have sold it for $1.99 per bag? No way! It was going to pencil out at around $7 for my time/fuel/rental. Course, a bunch of knuckleheads would probably complain that I was gouging… Total profit would have been around $1500 for about 6 hours of work.. But equally I would have had to risk about $800 for rental, fuel, and ice costs.
Wasn’t that a R party idea?
“Deregulation”
Seriously, it was Reagan who redefined inflation after he successfully won office by campaigning against the double inflation and rising UE that had been in effect for years.
What most people have forgotten is that if UE and inflation were still measured the old way, it would be obvious that nothing has improved in the last 35 years.
In fact, for J6P, things have gotten significantly worse.
A key feature of the plan Obama now is submitting for the federal budget year beginning Oct. 1 is a revised inflation adjustment called “chained CPI.” This new formula would effectively curb annual increases in a broad swath of government programs, but would have its biggest impact on Social Security. By encompassing Obama’s offer to Boehner, R-Ohio, the plan will also include reductions in Medicare spending, much of it by targeting payments to health care providers and drug companies.
Obama’s budget proposal also calls for additional tax revenue, including a proposal to place limits on tax-preferred retirement accounts for wealthy taxpayers. Obama has also called for limits on tax deductions by the wealthy, a proposal that could generate about $580 billion in revenue over 10 years.
The inflation adjustment would reduce federal spending over 10 years by about $130 billion, according to past White House estimates. Because it also affects how tax brackets are adjusted, it would also generate about $100 billion in higher taxes and affect even middle income taxpayers.
Sounds like cuts for the middle class and poor and higher taxes for the middle and upper middle class.
Sounds like cuts for the middle class and poor and higher taxes for the middle and upper middle class.
Were you expecting something else?
98 Percent
In 2020, the change would raise taxes for 78.3 percent of households by an average of $124, according to the nonpartisan Tax Policy Center in Washington. Taxes would increase for 98 percent of households making between $75,000 and $100,000 a year.
President Barack Obama’s budget proposal would cap multimillion-dollar tax-favored retirement accounts like the one held by Mitt Romney, his Republican rival in 2012.
Obama’s budget plan, to be unveiled April 10, would prohibit taxpayers from accumulating more than $3 million in an individual retirement account. That proposal would generate $9 billion in revenue for the Treasury over the next decade, according to a White House statement released today.
“Under current rules, some wealthy individuals are able to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving,” the statement said.
The most prominent taxpayer with a multimillion-dollar IRA is Romney, the 2012 Republican nominee and co-founder of Bain Capital LLC. Romney disclosed in public filings during the presidential campaign that his retirement account held between $18.1 million and $87.4 million. At one point, the maximum exceeded $100 million.
Maybe I was a little too harsh.
but
It also proposes using the calculation for adjusting income tax brackets, which would mean higher payments for many taxpayers.
and
The plan includes a new inflation gauge that would effectively reduce cost-of-living increases for Social Security
This is clearly targeted at the middle and upper middle class.
Above from Bloomberg
“reduce cost-of-living increases for Social Security….clearly targeted….upper middle class.”
I see a contradiction in there.
I see a contradiction in there.
+1. Something like means-testing would clearly target the upper middle class.
Reducing the apparent CPI is just a way to slowly wring-out benefits, bringing them down to a lower level at a barely perceptible rate.
It will primarily impact old, poor women living alone.
Us old guys buy groceries too….
Us old guys buy groceries too….
I didn’t meant to diminish the impact to “old guys,” Blue—merely trying to point out that demographically-speaking, it tends to be the women who outlive the men, and that they are therefore much more likely to run out of assets and end up being poor towards the end of their life.
Therefore, as a group, this will impact them the most.
I understand. I will share my beans and rice with the widow down the street in that case.
I said middle upper middle but should add poor as well.
How many middle and upper middle end up with no significant savings at retirement. I’d say plenty. SS still accounts for a big percentage of monthly income for them particularly in the age of ZIRP
NFP numbers 88K. Expected 190K.
Get to work, Mr Chairman!
labor force participation rate is down to 1979 levels. 90 million people out of workforce, 14 million on disibility.
asset growth will save us.
“90 million people out of workforce, 14 million on disability.”
And with enough government-sponsored subprime lending backed by federal guarantees, all of them can become homeowners!
According to Trulia, rents have flattened or are declining in many areas due to the influx of investors in SFH.
IIRC, back in 2006-ish, we were predicting rents to increase briefly while lots of housing supply was out-of-commission in the foreclosure pipeline, while the people who had been foreclosed would be seeking rentals.
At some point, though, we expected the pig to come through the python, causing rents to decline again.
Is this the leading edge of that effect, where sufficient supply is finally available to push rents down noticeably—e.g. the beginning of making for unhappy investors?
Link to follow momentarily.
http://www.forbes.com/sites/trulia/2013/04/04/single-family-home-rents-flatten/
Snippet:
In some markets where investors are especially active in buying and renting out single-family homes, rents are actually falling year-over-year, including in Los Angeles, Orange County, and Las Vegas. In two other key investor markets – Atlanta and Phoenix – single-family home rents rose less than 1% year-over-year. Even where single-family home rents are rising most, like Tampa, Dallas, and several other Florida and Texas metros, single-family prices are rising faster. In all of the largest single-family-home rental markets, prices are rising faster than rents – and in many, it’s by a wide margin.
Single-Family Prices and Rents,
Among Largest Single-Family Rental Markets
# U.S. Metro Y-o-Y% change in single-family home rents
1 Las Vegas, NV -1.9%
2 Fort Lauderdale, FL -1.2%
3 Chicago, IL -1.2%
4 Orange County, CA -0.7%
5 Washington, DC-VA-MD-WV -0.7%
6 Los Angeles, CA -0.4%
7 San Diego, CA -0.1%
BTW, I trimmed the table to make it easier to read; the linked version has a second column showing SFH price change alongside SFH rent change.
Weird. It’s almost as if something as basic as supply and demand can effect prices.
That and what people can actually pay.
Yep, eventually fundamentals assert themselves.
I’m still shocked at how many years it has taken for this forecast to be borne out; I would have expected it to take a couple of years at most.
That’s interesting.
The price declines resumed in Tampa, MoM and QoQ
http://www.zillow.com/local-info/FL-Tampa-home-value/r_41176/#metric=mt%3D19%26dt%3D1%26tp%3D5%26rt%3D8%26r%3D41176%252C124243%252C269207%252C273803%26el%3D0
Dallas? Same thing
http://www.zillow.com/local-info/TX-Dallas-home-value/r_38128/#metric=mt%3D19%26dt%3D1%26tp%3D5%26rt%3D8%26r%3D38128%252C274772%252C273698%252C275473%26el%3D0
Washington, DC prices? Falling MoM and QoQ
http://www.zillow.com/local-info/DC-Washington-home-value/r_41568/
Even with massive govt intervention, borrowing costs falling by 40%, prices are still declining.
Say….. How far down would the market move prices if it were allowed to operate on it’s own?
65%.
I looked at all three links that you sent, and none of the seem to say what you suggested that they say.
Tampa: +1.9% MoM, +5.5% QoQ
Dallas: +1.5% MoM, +3.5% QoQ
Washington: +0.3% MoM, +2.6% QoQ
And another thing: when did you start trusting Zillow as a data-source?? I thought we had broad agreement that their models were flawed during the bubble; their zestimates were still going up bubbliciously when we knew the market had turned. Given that, why would you trust them now?
You’re having a hard time huh liar?
Tampa DOWN 5.5%MoM, DOWN 7.3% QoQ
Dallas DOWN 0.7%MoM, DOWN 0.6% QoQ
DC DOWN 1.2%, DOWN 2.8% QoQ
I copied those numbers out of the three links that YOU sent. Verbatim.
Anyone here can click on the links themselves to see which version they see.
In fact, I encourage them to do so.
I really wonder sometimes whether you are in an alternate universe… You apparently go to the same webpages and see different numbers on them.
Anyone else care to chime in on which version of the numbers YOU see at the links above?
Tampa DOWN 5.5%MoM, DOWN 7.3% QoQ
Ah, I see your error now: you sent a link to the “Zillow Home Value Index” chart, but you were actually clicking on the “Sale Price” and seeing different data.
Yes, on the sale price, the numbers you list are close (modulo typos):
Tampa: DOWN 5.7 % MoM, DOWN 7.3 % QoQ, UP 16.1 % YoY
You should be more clear on what you are quoting. The links you sent went to pages that showed everything being UP, according to the Zillow Home Value Index.
Prime, keep in mind he’s the HBB “realtor level thinker”, which is to say he doesn’t do well with critical thinking, math or analysis of facts. He just likes to say stuff which suits his agenda. Bit of an emBEARassment, but what can you do but humour him?
Refute it. Don’t be cowardly. Refute it.
“Refute it.”
How about this, from your links:
Tampa YoY: +16.1%
Dallas YoY: +60.3%
Washington YoY: +11.7%
Pretty bullish numbers you’re linking to. But you don’t understand what you’re posting. You cherry pick the same as a realtor would. You’re no better than those you despise.
For example, where did you get this stat:
“Say….. How far down would the market move prices if it were allowed to operate on it’s own?
65%.”
A real bear can quote a source. A real bear understands why the markets is in trouble. Real bears know why the market is destined to go down. But you? You’re no better than a realtor. You’re an emBEARassment.
Show your source. Prove it. (you can’t)
Posting front page opinion number? Someones estimate?
How dishonest you are. And as if “Realtor” hasn’t been discredited enough, you, a Realtor, would once again, lie to the public and post an opinion number.
Here’s the truth, right from the very links I posted.
Tampa DOWN 5.5%MoM, DOWN 7.3% QoQ
Dallas DOWN 0.7%MoM, DOWN 0.6% QoQ
DC DOWN 1.2%, DOWN 2.8% QoQ
And wait to see what happens to rents when those with the MOST ability to pay leave rentals to own homes, and there is an influx of renters with LESS ability to pay as construction gets back on it’s feet. Landlords lose pricing power in a big way.
Late response to yesterday:
Comment by RioAmericanInBrasil
2013-04-04 20:01:34
Polls are always suspect,
I am pro-gun. But show me 4 polls that contradict the polls I’ve noted saying the opposite. You can’t because there are none.
I don’t know what it means. I’m just reporting the facts.
——————————-
Rio, I didn’t bother to look for four polls, but you can’t say that there are “none”. I found one with almost zero effort.
I stand by my statement that polls are always suspect, because small changes in wording (or even just the order that questions are asked in) can result in massive differences in the results.
Thus, the results are easily manipulated.
——————————-
ISRA Press Release:
Survey Results Show Gun Owners Do Not Support Gun Control And Don’t Trust Politicians
SPRINGFIELD, Ill., March 18, 2013 /PRNewswire-USNewswire/ — The following was released today by the Illinois State Rifle Association (ISRA):
A weekend internet survey conducted by the ISRA reveals that gun owners solidly support the right to keep and bear arms and overwhelmingly reject gun control schemes currently before Congress and the Illinois General Assembly.
The survey was accessible from the ISRA’s Internet page and was also distributed by way of the ISRA’s e-mail alert service. In all, more than 4,500 individuals responded to the 50-question survey over a two-day period. Of those 4,500 respondents, 97% reported that they owned at least one firearm.
Survey results indicate that recent gun control proposals are not very popular with gun owners. No less than 99% of respondents expressed opposition to banning AR-15 style rifles. Similar majorities oppose banning AK-47 style rifles and other semiautomatic rifles, pistols and shotguns.
Proposed regulation of ammunition also failed to garner support among those surveyed. A full 99% of respondents oppose limits on how much ammunition a person could buy. Similar numbers oppose registration of ammunition purchases, microstamping of cartridges, and ammunition taxes to pay for crime victim medical bills. Contrary to what is reported in the media, 98% of gun owners surveyed oppose limits on the capacity of rifle, pistol and shotgun magazines.
Background checks were also unpopular with those surveyed. Results show that two-thirds of respondents oppose background checks on private gun sales – even if the government was required to destroy all records of the background checks.
Much of the gun control movement’s standard wish list found little support among respondents. Gun owner licensing met with 95% opposition while both gun registration and mandatory liability insurance for gun owners are opposed by 98% of those who took the survey.
The ISRA survey results also revealed some significant credibility gaps as witnessed by the fact that less than 5% of respondents feel that the police could protect them from crime. Less than 8% feel that gun control effectively thwarts crime while less than 20% of respondents feel that gun control organizations are acting in good faith. About 90% of respondents feel that politicians who promote gun control are only doing so for political reasons. The credibility of the press took a hit as 97% of respondents feel that media is biased against private firearm ownership. Less than 1% of respondents identify with the policies of big name gun controllers like Rahm Emanuel , Chuck Schumer or Michael Bloomberg .
The survey results show that personal safety was an important issue to respondents. Just over 80% of respondents feel that they could become the victim of violent crime while about half feel unsafe travelling outside their neighborhoods. These concerns most likely drove the 99% support for allowing law-abiding citizens to carry defensive firearms.
“We’ve been a bit skeptical of the reports in the media claiming that firearm owners support gun control,” commented ISRA Executive Director Richard Pearson . “Although our poll was not strictly scientific, it tends to support what we know intuitively. That being that firearm owners stand strongly by the 2nd Amendment while eschewing gun bans, licensing and registration. We are happy with the overall results of the survey. We did find it unsettling however that about 75% of respondents say they feel less welcome in the United States than they did 5 years ago. Sad, but given the current political climate, those feelings are understandable.”
The ISRA is the state’s leading advocate of safe, lawful and responsible firearms ownership. For more than a century, the ISRA has represented the interests of millions of law-abiding Illinois firearm owners.
This press release is posted on PRNewswire.
Posted Mon Mar 18 09:58:44 CST 2013
Survey results indicate that recent gun control proposals are not very popular with gun owners.
You show me a survey of “gun owners”?? What percentage of Americans own guns? 25-30%?
What do you think gun owners are going to say? Now show me 4 polls of thousands of random Americans and not just gun owners.
I showed you a fine example of “selection bias”—merely as a sample of how polls can be manipulated to say anything the poll-author wants them to say.
Public Service Announcement
Stay out of housing. It is rife with fraud and corruption.
Stay out of housing?
Should we give up our apartment and go live in a tent in the National Forest?
You would love for him to say yes.
What should I do, sell my house and go live on a boat?
Stay out of housing.
Bridges provide all the shelter you need.
Why make the same tragic error you did and buy when rentals are half the cost? Buy later for 65% less.
Comment by joe smith
2013-04-04 13:49:03
This story reinforces…
- Never refi your house. If you need to refi, you’d probably be better off selling.
I disagree. “Never refi” is far too strong a statement. Refi’ing can be not only a responsible thing, but if rates have gone down enough, it is foolish NOT to take advantage of the lower rates.
I have done cash-in refi’s in the past (and yes, the lender looked at me like I was crazy).
You can always take out a 30-yr note, and then make an immediate extra principle payment that shortens it to match your previous mortgage; that way you do not extend the payment period.
joe, your statement makes some sense for people who are refi’ing because they need to cash-out. In that case, they are likely risking the roof over their head to pay other debts, which is often foolish.
But refi’ing to take advantage of lower rates, when done responsibly, makes perfect sense.
^^^^^^^^
Reader beware.
Your reading comprehension is quite suspect.
I only advocate refi’ing in a manner that REDUCES the principal that you owe to banksters, and REDUCES the vig that you pay them.
How can paying less to banksters be a bad thing?
Your posts are suspect. Get used to it.
1) My rules are based on the idea that you’re buying well within your means, like 1x annual income, give or take.
2) When I said refi, I didn’t contemplate putting cash in with the refi. Even if you do put cash in, you have to remember the fees. And even if you lower the interest rate, are you adding years? Regardless, the part about “if you need to refi, you should probably sell” shows that I was thinking of people who are refi’ing to get $ out or to spread out their payments over more years at a lower rate. Thus, not really getting closer to financial freedom.
3) If you just pay the mortgage off, this is much better IMO. I don’t view my residence as a financial investment, I view it as a comfortable and well-organized place that facilitates the rest of my time outside the house.
Prime, that’s the Pimp version of +1.
I could approve of a cash-in refi. Like you mention, that is a very rare bird. I’d have to see the numbers in any case. If it’s only a few thousand cash in and it’s adding quite a few years to the payoff time, that’s problematic IMO. Depends on age, obviously. If it’s turning a 30 yr mortgage into a 15 mortgage at a lower rate, than this seems smart to me.
Refi’s only make sense if you’re going to keep the loan long enough to make the money back from the fees. I think it’s far smarter to pay the house off as soon as the MID no longer makes sense. For example, in my case that is going to be in 3 or 4 years from now.
Keep in mind, if you’re buying a small house that is much less than you can afford, a) you _will_ be able to pay the house off early and b) you _won’t_ be getting that much utility from MID. The MID “rewards” people who take on oversized mortgages and pay them down slowly, over a 20-30 year period.
Americans are screwed up because they think it’s “smart” to spend 2, 3, 4x income regardless of how much house they really need or whether this house will be “home for life”. The ability to play refi games and use tax deductions is part of an overall cloud on people’s judgment.
Agreed…
Mathematically speaking, If I had a paid off house right now, I might mortgage it for 50% value on a 30 year loan and put the proceeds into low risk liquid assets earning equal or slightly lower rates. This would just be a speculation that 10 years form now rates will be significantly higher and I could earn the money back in the other direction with “shorter term” rates increasing. The risk that rates are going to drop further seems pretty low. And if they did, I could always refi that 50% at an even lower rate… Now is a GREAT time to finance long term debt at 3% rates.. (though not necessarily a great time to purchase depreciating assets with those funds ).
Late reply to Rental Watch:
Comment by Rental Watch
2013-04-05 00:42:24
Those “guaranteed profits” are pretty damn risky. I don’t see the returns as “risk free”.
I know you can do NPV calculations…If you could borrow money at 0% (floating rate) to buy 30-year treasuries at 3% (fixed), would you? I wouldn’t. I think that’s _____ing crazy–truly picking up nickels in front of steamrollers.
You are missing a key point, RW: they also had the assurances from the Fed that they would have ZIRP for at least a few years. The Fed gave these assurances publicly; I’m sure they gave AT LEAST that much assurance in private.
So rates really couldn’t move against them. Also, note that the rates at which they were borrowing from the Fed were rates not available to the public, and thus not subject to rate shifts due to market forces at all; there are no market forces at the discount window.
Also, I’m very skeptical that they were buying mostly 30-yr Treasuries, or even ANY 30-yrs; five years back when they started this risk-free trade, they were able to get those kinds of returns on 5yr Treasuries. I would bet that accounted for a significant chunk of their duration.
With a duration that matched the Fed’s period of assurance, it was truly risk-free.
I understand your point. However, at what point does the risk become substantially greater than 0? The closer we get to that tipping point of a bond market breakdown, the riskier such arrangements become. We are too close to that point right now for my comfort level.
We are seeing lenders provide debt to commercial property owners for 10-years fixed at 4% (and sometimes a bit less). Again, I’m a borrower on these kinds of terms…definitely not a lender.
just think if all the stimulous money went to the people instead of to the banks who are just gambling and paying off bad loans with it.
Take a bite out of crime! Throw realtards off 10 story buildings.
And a side note: if a RealTard® is near you, you’re a victim of a crime.
Anecdote from Los Angeles, where my wife and I are apartment hunting. Touring a condo for rent in Sherman Oaks, I inquired about the owner, and was told that he was an out-of-state investor, who bought the property a few weeks ago. Originally listed at $2500/month, the asking rent is now down to $2100, with no takers yet (and a lot of for-rent signs on the mostly-condo block). Even if the buyer was all-cash, I wonder how far down the rent goes before the investment starts to look like a loser?
Good info. A few weeks back we had a broker from LA here with some on the street info about falling prices. He was right too. It looks like prices are starting to come apart in LA.
http://www.zillow.com/local-info/CA-Los-Angeles-County-home-value/r_3101/#metric=mt%3D19%26dt%3D1%26tp%3D5%26rt%3D6%26r%3D3101%252C12447%252C46298%252C45457%26el%3D0
A $2100 rental payment will cover P/I for a $380k home (4% fixed over 30 years).
Adding in property taxes, insurance, management fees and upkeep - the investor better had paid less than $300k just to break even.
Any idea what the house sold for?
And if there are alligators in the water…
And HOA fees.
Better make that less than $270k just to break even…
No idea what it sold for, but for that neighborhood and size I would guess between $400k & $450k. But hey, who cares if it cash flows, you make your money on the appreciation, right?
But if he paid CASH with banks paying 1% interest on $400K..is 4K year, anything over that is profit so $25K yr rent is great cash flow he aint hurtin
“With 25 million excess empty houses, housing demand at 17 year lows and falling, housing prices have a very long way to fall. A very long way.
Hope and Change?
Fisker hasn’t manufactured a car since summer 2012 and is preparing to file for bankruptcy while laying off it’s entire workforce. How’s that government-backed loan performing for taxpayers? Doing about as well as Solyndra did I see..
Here’s an idea… maybe the government needs to stop picking winners and losers and GTFO of markets? Ah, that’s right. Liberals and Progressives can’t stand not controlling everything.
Winners = big donors to obama
Losers = everyone else
Bingo.
You better hope the government does no such thing or almost all business in this country will come to a screeching halt.
There isn’t one single major industry that is not subsidized in one or another.
No, I don’t like it either.
As for the power of the government to “meddle” in commerce, it’s their right. Says so right in the Constitution.
It would be one thing if there was one auto company in the US and everyone was forced to pay exorbitant prices for cars and trucks because of a lack of competition. That is not the case at all. We have a diverse auto industry in the US with numerous manufacturers to choose from, both foreign and domestic.
What we didn’t need was the Federal government spending millions on a bad bet to further a liberal environmental agenda. Tesla, in partnership with Toyota, already produces electric cars. So do a number of other manufacturers, including Nissan and GM. There was no reason for government support of a startup electric auto manufactuer. That is what I’m referring to when I say “Get out of markets”. It’s like the CAFE standards… yet one more way the government manipulates the market and forces us all to pay for it.
Agreed. It is a wonder though HBB still has socialists.
As for the power of the government to “meddle” in commerce, it’s their right. Says so right in the Constitution.
INTER-state commerce—not ALL commerce!
” “I will tell you these are ammunition, they’re bullets, so the people who have those now they’re going to shoot them, so if you ban them in the future, the number of these high capacity magazines is going to decrease dramatically over time because the bullets will have been shot and there won’t be any more available.” - Rep. Diana DeGette (D-Colorado)
This is the face of the liberal progressive communist gun grabber: Uneducated on the facts and feeling too superior in her own intellectual capacity to realize she comes off as a complete fool. How’s that egg on your face?
Yeah, she’s not real bright.
thanks to californians and other bedwetter libtards who keep moving here, this is who we elect to congress now.
See the post elsewhere regarding NH. Mr. Smith was dead on about NH voting blue in the latest presidential election… all the moonbats from MA have screwed up this state so much that they decided to move to NH and try and turn it into a worker’s paradise. I’m sure NH will be just as bad as MA in 20 years. Of course, MA will probably be like CA at that point.
Beretta is leaving Maryland
Beretta paid approximately $31 million in taxes, employs 400 people, and had invested $73 million in the business over the past several decades. Despite being such a prominent player in the local economy, Beretta was unable to prevent legislators from passing tighter gun control laws. Ironically, Beretta manufactures some firearms that are now banned in Maryland.
Republican state Delegate Anthony J. O’Donnell lamented: “Losing [Beretta] would be a big disappointment. Maryland has a reputation for having a horrible business climate, and this would be one more nail in the coffin.”
Too bad for those 400 people and all that tax revenue… wonder how many voted Democrat in the last election?
“why do you need one (an assault rifle) for self defense?” the unnamed legislator in the article asks. Um, for “self-defense” against a tyrannical government?
US hunters begin boycott over Colorado gun laws
Associated Press – Wed, Mar 27, 2013 7:14 AM PDT
COLORADO SPRINGS, Colo. (AP) — Hunters across the United States are boycotting Colorado because of recent legislation meant to curtail gun violence.
Michael Bane, a producer for The Outdoor Channel, announced he will no longer film his four shows in Colorado, and hunters are joining the protests.
Hunting outfitters say people began cancelling trips after the legislation passed, the Colorado Springs Gazette reported (http://tinyurl.com/cfbquoy ). The numbers are few, but growing.
Northwest Colorado hunting guide Chris Jurney expects more state defections in a major tourism industry. Out-of-state hunters accounted for 15 percent of hunting licenses last year, 86,000, compared with 489,000 for residents.
“There’s a united front of sportsmen that are tired of having their freedoms and liberties and fundamental rights taken away from them,” said Jurney, vice president of the Colorado Outfitters Association. “That kind of unity among sportsmen is going to be big, and unfortunately for those of us who live here, we’re going to suffer the consequences of this misguided legislation.”
Legislative leaders declined to comment.
Jeff Lepp, owner of Specialty Sports, a gun and hunting shop in Colorado Springs, predicts hunters are going to choose to visit other Rocky Mountain states.
“Small mountain towns and rural towns in this state are going to lose a lot of money because you’re not going to see the number of out-of-state hunters coming here. Other states are going to see a growth,” he said.
http://tv.yahoo.com/news/us-hunters-begin-boycott-over-colorado-gun-laws-141458794.html - 106k -
They need to stop using assault weapons to shoot deer any now.
“They need to stop using assault weapons to shoot deer any now.”
Why are the deer complaining?
Maryland has a reputation for having a horrible business climate
Yawn. EVERY state (okay, maybe not NV or SD) “has a horrible business climate.”
I watched some footage of the 3.11 Japanese tsunami last night, which brought to mind the effect of the Fed’s financial liquidity tsunami on U.S. home prices.