Bits Bucket for October 30, 2013
Post off-topic ideas, links, and Craigslist finds here.
The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
About Me
Name:Ben Jones
Location:Northern Arizona, United States
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Day 7 of Rio frantically backpedalling.
Comment by RioAmericanInBrasil
2013-10-24 09:08:13
“Post up a phone pic of your “ocean” or a simple scene in “brazil”. Make sure you got your middle finger in the picture so we understand clearly that it’s you.”
I can do that but 2 conditions.
1. You have to tell me how to do it where I’ll still remain anonymous.
2. After I do it and prove your lying assertion wrong you have to donate $1,000 to Ben’s Blog.
—————————————————–
You said you’d do it now do it.
A phone pic flipping the bird with the ocean in the background will preserve your anonymity and reedem yourself. Even a background of Rio slums will do. No phony streetcams of the some guy wearing the same rolling stones shirt going back and forth to work everyday.
Face it and save yourself. Don’t run. You’ve got everything to gain at this point. No more excuses.
You said you’d do it now do it.
After I do it and prove your lying assertion wrong you have to donate $1,000 to Ben’s Blog.
LOL. Sorry. Deal’s off because now I know you’re a liar. (Saying you saw the “same guy” go by the webcam yesterday (12 hours after) You won’t give Ben any money because you’re a liar.
But who want’s to play “Poke the nut”? (Nut AKA “Housing Analyst”)
I’m going back to Rio Friday or Sat. If someone donates another $500 to Ben’s blog, I’ll wave to you live in front of a Rio webcam again. (As I did 2 days ago that Ben confirmed).
To know it’s me, I have with me, a green shirt with white logo, green shirt with a Red logo, a white shirt or a brown shirt. You can pick. I also have a white panama hat or a yellow baseball cap. You can pick. I will be pulling a black carry-on and I can wave a black umbrella at the cam.
What say? “Poke the nut”?
I don’t care either way. HA is boring and he is a real liar.
Stop running, sit still and post a photo like you said you would.
sit still
Some times it’s good to be moving. Yesterday I was looking for a decent mango lying on the ground. You know how it is right? One that’s ripe, not too bruised and one that the birds didn’t eat.
Well a mango fell about 3 feet from me. But it was green….bummer. But I found one and just cut the bruised part off and ate the rest.
Not mangos, not cash, not ben jones. A picture.
Stop running.
Not mangos
No dude, seriously there are a lot of mangos. Like hundreds in one tree. Do you know if there is a mango season or seasons in one year? I don’t know. I don’t have a mango tree at my house. Not sure if I’d like one because they seem to draw monkeys.
I wonder if they draw rats. Do you have a mango tree HA?
You’re afraid.
You’re afraid.
Dude. I am a little afraid to spend too much time under that mango tree.
But it can be worse. People die. This really pretty Brazillian girl was telling me about this huge fruit she used to have in her yard that actually kills people if it hits you in the head.
I bet big mango’s have killed people before too. What do you think?
You’re no more in Brazil than I’m in bangladesh.
Fraud.
You’re no more in Brazil than I’m in bangladesh.
Brazil is a lot hipper than Bangladesh imo. Can you imagine living Bangladesh? I can’t. It would be like even hotter and more humid than Rio but without the beauty and the beauties imo. I don’t know anything about Bangladesh food. And what would I call myself if I lived there?
DhakaAmericanInBangladesh? It just doesn’t have the same ring as RioAmericanInBrasil.
Do they have monkeys and mangos in Bangladesh?
And there you have it folks…..
An established liar….. how realtor-like.
HA - What time do you start drinking in the morning?
Rio’s presence in Brazil has been established. You’ve been proven a raving lunatic. What more do you need.
And look who crawls out. Couldn’t respond “rio”?
A simple cell phone photo will do. Just like I supplied over and over.
Get posting.
Dude, seriously who gives a shit where a poster on a housing blog is from? If he was in Akron instead, would it make his points any more or less valid? If anything being so far from the US makes him LOSE credibility because he’s not able to get the street level view of events here as they unfold.
What would anyone gain from lying about their geography? Seriously WTF.
How about we go back to talking about how houses are WAY overpriced compared to people’s ability to actually pay for them? And how the Fed is enabling this by backstopping loand to unqualified borrowers? And how most people in America don’t want to see the truth because it might mean THEIR
albatrosshouse loses value? Pushing on a string? I miss my old HBB. I REALLY miss OlyGal - this place isn’t the same w/o her.Just ignore the twerp…Thats what feeds him each and every day…
Yes, spot on scdave. HA is not worth another two cents of my time.
I think Rio has the right idea…ignore HA and pay attention to mangos! Much more rewarding!
Ignore me today, obsessed over me tomorrow.
Make up your minds.
I have to admit, I did just sit down at my computer thinking, “I wonder if HA is still giving Rio crap, think I’ll check.” I thought I’d have to scroll a bit, but it was the first post. I have now wasted a bit of time reading this thread and a bit more replying to it. Well done, sir.
Oh FFS, what are you, 12?
This place is overrun with loons.
Yeah were is Faster New Japanese store opening up here next month….
Realtors are liars.
Why pay inflated price for a depreciate house when prices are falling?
Why buy now when you can buy later for 65% less (in nominal terms, not real terms, per RAL)?
Why buy now when you can buy later for 65% less
Supply and demand. A few months back tomatoes like tripled in price in Brazil. It got so bad there was a pop song about it.
What happened and my theory:
Well they got so expensive that every veggie farm planted tomatoes. When the new crops came in, the price crashed from about R$10 a kilo to about R$3 a kilo.
LOL. Our REGULAR price is about $3.99/lb which is ~$9.00 a kilo. At least for the vine tomatoes. I realize there’s a big difference bewteen the cost of living in Brazil and the PNW, but it’s interesting how one person’s normal price is another person’s astronomical.
It is supply and demand - the effect you describe is exactly what any second year econ student would predict from a price spike. There’s a name for the type of price curve that results, but I don’t recall what it is.
I realize there’s a big difference bewteen the cost of living in Brazil and the PNW,
Somethings here are cheap here but most things in Rio are more expensive than in the USA. Cars, Gas, consumer goods, drug store stuff, tools are more expensive here. (Sales tax runs about 30-50%. Housing in nice parts of Rio are the same as LA or Seattle. (Bubble)
Milk is about $5.50 a gallon (about the same as gas) but it comes in liters that you don’t have to refrigerate until you open it - tastes funny imo. (the milk, not the gas)
Samples of Sales Taxes on Products in Brazil
http://www.nytimes.com/interactive/2013/07/23/world/americas/samples-of-sales-taxes-on-products-in-brazil.html?_r=0
Brazilians pay at least 30 percent in sales taxes on more than 400 products and services, according to data compiled by a group advocating for reduced taxes
High taxes and slums, what a treat. But oh I forgt, you are protecting the middle class.
But oh I forgt, you are protecting the middle class.
U “forgt” I’m not Brazilian. Try to keep up for once in spite of your bias.
Nominal or real, it’s a distinction without a difference.
Nominal or real, it’s a distinction without a difference.
Nope—it makes a difference. You could pay the same “nominal” price, but if the same price is far enough in the future, it might actually be far more affordable then, as the Fed is intent on destroying the purchasing price of the dollar at a slow, controlled rate.
When there is no inflation, it’s a distinction without a difference.
There is no inflation.
There is no inflation.
And yet prices all around me seem higher than I recall them being in the past…
Like, for instance: when did motor oil jump to $6/qt? I went to the auto parts store last night on the way home from work, and there was no reasonably-priced option.
What do you call that?
That’s not inflation my friend.
“Milford Realtor Charged With Fraud”
http://youtu.be/njbrYYndYBg
“Bowie realtor sentenced in mortgage fraud scheme”
http://www.gazette.net/article/20130828/NEWS/130829053/bowie-realtor-sentenced-in-mortgage-fraud-scheme&template=gazette
“Realtor Gets 26 Years For Mortgage Fraud”
http://www.businessobserverfl.com/section/detail/realtor-gets-26-years-for-mortgage-fraud/
“Federal Jury Convicts Real Estate Agent and Loan Processor on Racketeering Charges “
http://www.fbi.gov/charlotte/press-releases/2013/federal-jury-convicts-real-estate-agent-and-loan-processor-on-racketeering-charges
“DeKalb real estate agent charged with bid-rigging”
http://www.wsbtv.com/news/news/local/dekalb-real-estate-agent-charged-bid-rigging/nbH28/
“DeKalb real estate agent charged with bid-rigging”
That’s interesting. I wonder if a huge mango tree (and I mean big) will get a house higher bids.
I don’t know. You do get free mangos I guess which is a plus but if the tree is really big, like the one I’m looking at, it is really messy under it during mango season.
I mean I think you have to clean up every day all the mangos lying on the ground.
So I don’t know if a huge mango tree gets a house higher bids or what.
Liars.
“Realtor allegedly steals $15,000 of jewelry from home up for sale”
http://www.myfoxtampabay.com/story/23603232/2013/10/03/realtor-allegedly-steals-from-home-on-sale
“Tioga County realtor charged with murder”
http://thedailyreview.com/news/tioga-county-realtor-charged-with-murder-1.1574286
Memo to people from other states:
Stop moving here.
Regards,
Management
“Stop moving here.”
Idealy the state should set it up in such a way so as to extract money from visitors without having responsibility for what happens to visitors once they go back home. Nevada used to do this with California in the good ol’ days, when Neveda had a lock on the casino industry.
People from L.A. would flock to Vegas, lose their paychecks, then go back to L.A. and then their broke ass problems would be laid at the feet of the California taxpayers. Vegas used to, in a sense, get a free ride. Now the free ride is over because a lot of the gamblers now live in Vegas and thus they and their money burdens stay there, plus the casinos that opened up in California and other states tend to keep the gambling money at home.
What’s neat about the banking industry, the debt-slave part of the banking industry, is a state favorable to banking allows the bank to have free reign in another state to offer all the debt-slave enticing financial products to the unwashed masses that live in that other state without having to endure the accompaning tax burdening residual effect this debt-slaving creates.
The bank and the state the bank resides in gets to profit at the expense of some other state that has to pay the consequences of this profiting.
It really doesn’t get much better than this. Life is good.
Yes. Pioneer Financial Services sits near all the military basis and does this with our soldiers and Marines.
My son (a California Resident) was at Camp Pendleton with his Marine buddies, before heading out to the Iraqi war. Pioneer lent all the guys who were not CA residents $1,000 for one last party before they marched off to war.
They made the CA resident Marines go back to the barracks and fill out on line paper work using the Nevada web site, because CA law did not allow the usurious rates they charged.
$1,000 paid back in 12 months thru auto debit to their paychecks (while they were in Iraq): Total Cost = $1,446
Bangsters! They are worse than the enemy in Iraq.
$1,000 paid back in 12 months thru auto debit to their paychecks (while they were in Iraq): Total Cost = $1,446
Holy Moly!! A 44.6% APR????
Damn the Feds for cutting the legs out from under the state usury laws.
No one was forced to borrow the money.
Hi-Z, you are correct. No one made them borrow the money. They were all going off to war. They had other things to think about than usury or why CA did not allow Pioneer FS to lend to CA residents.
Clearly Pioneer fleeces the sheep. I have contempt for them.
Why does Hi-z hate America? (or at least our troops)
“Why does Hi-z hate America? (or at least our troops)”
I don’t hate anyone. I am pointing out that we all have choices to make in our life and we should bear the responsibility for our choices rather than wail “it’s not fair” or “those evil people made me borrow money I can’t pay back”.
I believe responsibility for one’s actions should be an American principle. It was at one time.
Don’t we as a people have a responsibility to curb unethical practices? How can you possibly defend treating our servicepeople about to go off to war like this? Of course we know nobody forced them to do it you moron, the question is should we allow anyone to so blatantly take advantage of and outright rip off our nation’s finest during the last hours they may have to live in the country they are preparing to ship out to defend? You contemptible piece of shit.
‘You contemptible piece of…’
‘Biggvs Richardvs
‘How about we go back to talking about how houses are WAY overpriced compared to people’s ability to actually pay for them? And how the Fed is enabling this by backstopping loand to unqualified borrowers? And how most people in America don’t want to see the truth because it might mean THEIR albatross house loses value? Pushing on a string? I miss my old HBB. I REALLY miss OlyGal - this place isn’t the same w/o her.’
Ya ya I know. I just thought that needed a response. I’m the first person who thinks worship of the military is WAY out of hand in this country, but anyone who would try to defend treating soldiers that way needs to be put in their place.
Thanks for letting the post go through.
during the last hours they may have to live in the country they are preparing to ship out to defend? You contemptible piece of
I was with you until just before the last line, Biggvs… then you lost me somehow.
“a way so as to extract money from visitors”
Recreational marijuana.
Come here, buy a lot (alot) of it, and pay lots of taxes, fill your trunk full of it, and take it back home and sell it all to high school students.
A work of art.
Step 1: Create a need for your product; debt, marijuana - whatever.
Step 2: Create a way to fill that need.
You don’t need to create a need for MJ. People have enjoyed its effects now for millenia….
The world is a ghetto
Parts of it are. The profit center parts.
like the ocean?
“Memo to people from other states:
Stop moving here.”
Start taxing everyone who crosses your state lines, $1000 per person per day ought to do that pretty well. $2000 per person per day for aircraft landing fees, plus the usual. Sales tax on R.E. purchases, 10-20% of net value to go to the state, based on assessed value. Toll charges on all interstates, $10 a mile, more for semi trucks. Figure out a way to tax sunshine. These measures would be a start.
SF Bay Area Housing Inventory Flooding; Up 52% and Prices Falling
http://www.movoto.com/statistics/ca/walnut-creek.htm
The median price went from $450k in September to $550k in October? Is that what you call distress?
It’s called a year over year decline.
Enjoy it.
The median price went from $450k in September to $550k in October? Is that what you call distress?
HA totally calls that distress. Can’t you tell? HA is totally distressed he missed a lot of boats. His whole aura is all about distress. (Not a happy camper)
I hear the monkeys again. I wonder if monkeys are happy in general. They look kind of preoccupied down here.
You’re afraid…
Look at $/sqft instead of median price:
http://www.movoto.com/statistics/ca/walnut-creek.htm#city=&time=5Y&metric=Median%20%24%2Fsqft&type=0
It’s in bubble territory.
No question. Its overpriced 500% which simply means prices have a long way to fall.
goon
I’m a 1962 kindergarten relocation transplant. Ca was a great place to grow up. We went to free Halloween yard haunts last night in North Hollywood (Valley Village area), my old stomping grounds as a kid.
Hollywood Gothique and Better Haunts & Gardens (national)
I’ll second that motion. And kwitcherbitchin’ about how it ain’t like back home…
Given how homogenized America has become, I don’t see how “back home” could be all that different.
You just moved there two years ago. How’d you get to be part of the management so quickly, goon?
Training video.
http://www.youtube.com/watch?v=5VcSwejU2D0
cool video for white people, but this is the exception, but notice ohbewannakkk has not said a word in his lifetime about getting illegal guns away from blackkk people. Now that is telling.
But if guns are removed from criminals; how would white people justify their ownership of guns?
But if guns are removed from criminals;
I read Brazil has 15 million guns and the USA 300 million guns but the murder rate from guns is way higher in Brazil than in the USA.
One of my friends down here has a Walther PP that she said her cop dad bought in Miami.
Interesting thought, but people have a lot of reasons for owning guns. The people being able to act as a 4th branch of government and check and balance on the other 3 is a big one. Protecting yourself from criminals is just one reason in a list.
In rural King County, Washington, people use guns to protect themselves from bears and cougars. Eastern King County is very rural. The border is the top of the Cascade range where the Pacific Crest Trail runs.
Why is that video only for white people? And why should the president’s remarks about gun control refer to the races individually?
Because black people use illegal guns What maybe 95% of the time….its not racist if you go to where the problem lies. eg the biggest piece of the pie.
PS black people never go to gun shows.
Ninety-five percent of all illegal gun activity is by blacks? You must have made that up.
Should financial regulators make special point to say that very little white collar crime on Wall Street is committed by blacks?
You’re absurd.
“Ninety-five percent of all illegal gun activity is by blacks?”
I thought he was saying that when blacks use guns, 95% of the time they’re illegal.
Even if that’s what he’s saying, how would he know that? Even if it was true, there’s no reason to refer specifically to races when talking about enforcing federal law.
He sort of admitted he was estimating. Where he comes up with that estimate and what he concludes is another matter.
I think he’s saying that white people go to gun shows or hunt and fire guns all the time. Blacks don’t go to gun shows or hunt, so if they are using a gun, it must be an illegal one.
well pete its not racist if its true…..and yes almost all gun crime committed by blackkk people are from illegal guns.
Yet our colored president says nothing…..aiming full target at legal gun owners. and getting swat teams for posting a legal gun on FB……face it race is very very important today……and not very important 5 years ago…so who’s to blame?
http://radio.foxnews.com/toddstarnes/top-stories/familys-home-raided-over-facebook-photo-of-childs-rifle.html
“and yes almost all gun crime committed by blackkk people are from illegal guns.”
I would imagine that most white people who use guns illegally are also using illegal guns. That is, if they are smart.
Wow. Good advice. Unlikely event.
+1 Informative.
Are you missing out on the indefinite QE3 postponement rally?
It’s a global liquidity tsunami. Try not to let your savings get washed to sea.
Analysis: Global liquidity swell to spill into 2014
October 30, 2013 2:52 AM ET
By Mike Dolan
LONDON (Reuters) - After a bone-dry summer, world markets seem awash with cash again and it looks like spilling into 2014.
Even though the U.S. Federal Reserve has kept its $85 billion-a-month of bond buying constant throughout, fevered speculation surrounding its easy money spigot has by itself dictated the massive ebb and flow of liquidity seen this year.
The rethink of Fed intentions after September 18 - when the central bank declined to cut back its asset purchases as expected - has raised all financial boats in one big wave.
Since the Fed demurred six weeks ago, the S&P500 index of top Wall St stocks has jumped 3.5 percent. So too have 10-year U.S. Treasury bonds. High-yield corporate “junk” bonds are also up more than 3 percent, as are gold and the euro. Even indices of the most esoteric and speculative ‘frontier markets’ have added more than 3 percent.
The global surge has been remarkable as an evaporation of this year’s U.S. dollar’s gains has removed huge pressure from emerging market currencies and, in turn, eased the strain on some $7.2 trillion of emerging central bank reserves. And given these reserves are largely banked in western bonds, a virtuous circle of liquidity appears to have formed.
And by pumping up the euro and Japanese yen, the retreating dollar has upped chances of further easing - quantitative or otherwise - by the Bank of Japan and European Central Bank.
The global liquidity pool - one seeded by central banks and supercharged by the markets themselves - seems to expand anew.
Major stock markets from Tokyo, London, Frankfurt and New York have now clocked up year-to-date gains of between 20 and 30 percent and the latter two are in uncharted territory. Property hotspots in many of the same locales are similarly motoring.
Is this the mirror of the financial bubble that blew up pre-2007, as long-term bears such as Societe Generale’s Albert Edwards insist it is?
…
‘MOST EXTREME EVER‘
JPMorgan analysts reckon investor flows behind the latest market surge are akin to the indiscriminate, liquidity-fueled equity and bond buying seen at the start of the year before talk of Fed tapering saw an equity bias emerge as many funds fled bonds and the economy sped up.
More “Asset Reflation” than “Great Rotation” this time around, they surmise.
…
“The current episode of excess liquidity, which began in May 2012, appears to have been the most extreme ever in terms of magnitude,” it concluded.
what a joke that has become. When printing money is the only game in town you know things aren’t good.
put taxpayers more in debt so wall street can have another party, real smart.
“real smart.”
Thank you.
At least everybody’s doing it, not just Wall Street: It’s global in scope.
“It’s global in scope.”
I came. I saw. I conquered.
It’s global in scope ??
Yep….Ben’s research has proven that….
It s as obvious now as it was in late 2007 to get your money out of the market. Do not care about return. Care about losing a huge amount of principal.
There was no quantitative easing in 2007.
As I recall, QE1, QE2 and QE3 started around March 2009, at the start of one of the greatest bull runs in market history which led in a near straight line trajectory to the record highs we see today. Why wouldn’t the Fed do all it can this time to ensure the market does not correct?
Buy stocks with abandon, as the Fed has your back.
You first.
October 27, 2013 by Aziz
Can The Fed Taper?
The Taper Tapir
Back in June, I correctly noted that it was severely unlikely that the Federal Reserve would taper its asset buying programs in September. I based this projection on the macroeconomic indicators on which the Federal Reserve bases its decisions — unemployment, and inflation. The Federal Reserve has a mandate from Congress to delivery a monetary policy that results in full employment, and low and stable inflation. With consumer price inflation significantly below the Fed’s self-imposed 2% goal, and with the rate of unemployment relatively high — currently well over 7% — I saw very little chance of the Fed effectively tightening by reducing his asset purchases.
There exists another school of thought that also correctly noted that the Fed would not taper. This other school, however, believes that the Fed cannot ever taper and that the Fed will destroy the dollar before it ceases its monetary activism.
…
Meant to say “QE3 taper postponement”…(need some Joe!)
We knew what you meant.
I guess I’ve made that post once or twice before…(Yogi Berra moment). It seems like this bubble is interminable.
“It seems like this bubble is interminable.”
plus a bazillion gazillion. It’s like it’s on some continuous loop.
BTW, I read a very interesting analysis of the bubble and the financial fraud that went along with it, by a fellow who developed a credit card fraud detection system that has become the basis for the systems used today.
He said it has been well documented that drugs played a major part in the debacle. Drugs like cocaine, but others as well, including alcohol. And he extrapolated this out to the insane immigration clusterfark that has been going on for a couple of decades now. In other words, the “elites” have a major problem with substance abuse, which is why they say and do such crazy sh*t, and I believe him wholeheartedly. In fact it makes sense.
Random drug tests for Congress and the WH.
I don’t really believe it’s interminable. It just seems that way on the time scale that people normally think. Viewed through the lens of history’s rear view mirror in a few decades hence, I expect the greatest credit bubble in history and its unhappy aftermath to be clearly visible.
Ive worked in places where i was the only one not using drugs….i need the cash.
When i lived in SC drugs and free drinks were part of the pay package , and if you were a drinker druggie it was really a good paying job to get.
Random drug tests for Congress and the WH.
“if you were a drinker druggie it was really a good paying job to get”
Sounds like CONgress. Seriously, just look at and listen to some of those freaks. You know they’re medicated, pickled or high on something most of the time, if not 24/7.
And I’ve worked in places where people around me are on one thing or another. Sometimes like three kinds of psych meds, sheesh.
Some of the psych meds are worse than some of the illegal ones.
Some of the psych meds are worse than some of the illegal ones.
Agreed. And they wonder why people self-medicate.
The scariest drug is bath salts. And, it is still legal. Google “bath salts” and click “videos” and prepare to be horrified.
“The scariest drug is bath salts.”
FWIW, I believe “easy credit” is at the top of the list.
Don’t get left out of the London property boom.
London’s Massive Real Estate Bubble Rests On A Stack Of Delusions
John Aziz, Azizonomics
Oct. 28, 2013, 3:05 PM 4,613 6
A residential street is seen in Notting Hill in central London October 8, 2013.
In October, London real estate asking prices jumped 10%.
In my view, this kind of parabolic-looking jump has developed out of quite a silly situation, and one I think is a good exhibit of just how irrational and weird markets can sometimes be.
London real estate prices have been rising strongly for a long while, and a large quantity — over half for houses above £1 million — of the demand for London real estate is coming from overseas buyers.
It is comprehensible that London is a desirable place to live, and that demand for housing in London might be higher than elsewhere in the UK. It is a diverse and rich place culturally and socially, boasting a huge variety of shopping, parks, art galleries, creative communities, restaurants, monuments and landmarks, theatres and venues, financial service providers, lawyers, think tanks, technology startups, universities, scientific institutions, sports clubs and infrastructure. Britain’s legal framework and itsstraightforward tax structure for wealthy foreign residents has proven highly attractive to the global super rich.
With London real estate proving perennially popular, and with the global low-interest rate environment that has made borrowing for speculation cheap and easy, it is highly unsurprising that prices and rents have pushed upward and upward as the global super rich — alongside pension funds and hedge funds — sitting on large piles of cash have sought to achieve higher yields than cash or bonds by speculating in real estate.
In some senses, London real estate (and real estate in other globally-desirable cities) has become a new reserve currency. And while this has occurred, price rises have proven increasingly cyclical as both London residents and speculators have sought to buy. The higher prices go, the more London residents become desperate to get their feet on the property ladder in fear they won’t ever be able to do so, and the more speculators are drawn in, seeing London real estate as an asset that just keeps going up and up.
…
In some senses, London real estate (and real estate in other globally-desirable cities) has become a new reserve currency.”
Have you seen the new US quarter ? Thicker and weird looking like its made out of plastic…
Yawn. I’ve got bubble fatigue.
Is the U.S. Housing Bubble back?
Case-Shiller Housing Price Index Shows Bubble Like Annual Gains Again
Submitted by Robert Oak on October 29, 2013 - 4:19pm
The August 2013 S&P Case Shiller home price index shows a seasonally adjusted 12.8% price increase from a year ago for over 20 metropolitan housing markets and a 12.7% change for the top 10 housing markets from a year ago. Once again price increases are on high for homes. Home Prices, not seasonally adjusted, are now comparable to June 2004 levels and are quite bubbly in many cities. America is now only 20-21% away from the peak of the housing bubble. Graphed below is the yearly percent change in the composite-10 and composite-20 not seasonally adjusted Case-Shiller Indices, where the annual change for both was 12.8%.
This is the largest annual increase in home prices in seven years. Home prices only increased greater in February 2006, right before the start of the great fall. Below is a graph of the annual change in the S&P Case-shiller home price composite-20 and composite-10 indexes. Notice how in March 2006, annual increases are at a cusp and early 2006 is the start of a long slide down. If we are having housing bubble déjà vu, let’s hope the pattern does not continue.
…
the housing boom is back because it was never allowed to really settle out last time.
Once they realized they could sit on these properties and get bailout checks the bust was over.
Now you have upward momentum in prices and everyone wants a piece of the action again.
The banks really control the market.
“The banks really control the market.”
Again, thank you.
The Unwashed Masses: The gift that keeps on giving.
“The banks really control the market.”
+1 The new world order; essential necessities gamed up.
Gutter oil for all!
As long as you don’t need food or energy, there’s no inflation!
If Boston wins tonight, I’m heading down to the realtor’s office tomorrow and buying a Cambridge condo.
That sounds like investing… a real gambler would buy that Cambridge condo today.
just kidding… though if you do go looking for real estate in Cambridge, be prepared for sticker shock. People from all over the globe want to live there. Prices never go down in Cambridge. Massachusetts is a great state to live in.
I thought everyone was leaving Massachusetts, or something like that.
I thought everyone was leaving Massachusetts, or something like that.
You didn’t pick up on my sarcasm?
The only people leaving MA these days are the middle-class who don’t work for the government, retired and want to avoid taxes, or value freedom and the constitution (lot’s of my friends moving to NH because of gun laws, jack-booted thuggery and such).
My take, purely anecdotal, is such that poor people are flocking here for the welfare/section 8/SNAP handouts and the wealthy and upper income are “snapping up” homes and condos around the Greater Boston Metro because of MIT/Harvard/128 technology loop/BiotecPharmaMICgovContractorFinance jobs and money flow. Meanwhile, the .1% are buying and developing Martha’s Vineyard and Nantucket Real Estate like it’s 1999.
Bottom line, if you’re middle-class, stay out of MA.
‘People from all over the globe want to live there.’
Yeah. Harvard, MIT, Whole Foods, etc.
Does QE3 increase U.S. jobs?
Private sector hiring slowest in 6 months
By Annalyn Kurtz
October 30, 2013: 8:36 AM ET
NEW YORK (CNNMoney)
…
Private sector employers added just 130,000 jobs in October — their lowest level of job growth since April, according to a report by payroll processor ADP. The pace of hiring has been slowing since June,
…
I see quite a few jobs openings around here but almost none for those who speak only English.
You need to become a “pato suertudo”!
Would this be a good time to get on the market bandwagon, now that the headline U.S. stock market indexes are hitting new highs almost daily?
‘Sell in May’ stock market advice proves costly
Adam Shell, USA TODAY 8:45 p.m. EDT October 29, 2013
Stocks normally struggle in the May-through-October period. But not this year. The S&P 500 has gained double digits in that six-month span.
AP Wall Street
(Photo: Richard Drew, AP)
Story Highlights
- A six-month period normally bearish for stocks turns in a bullish performance
- The S&P 500 has jumped more than 10% since the end of April
- The stock market now heads into its most bullish six-month stretch
NEW YORK — Investors who followed the Wall Street adage “Sell in May and go away” this year missed out on a double-digit gain in what is shaping up to be the best year for U.S. stocks since 2003.
The historical performance of the Dow Jones industrial average and Standard & Poor’s 500 in the May-through-October period has been downright depressing in the past, especially compared with the boffo numbers these popular stock gauges have put up in the more profitable November-through-April span.
Since 1945, the S&P 500 has posted a semi-annual gain of just 1.3% from May 1 to Oct. 31, vs. a 7% return in the November-April period, according to S&P Capital IQ’s chief equity strategist Sam Stovall.
But not this year. Both the Dow and S&P 500 closed at record highs Tuesday, and the broad S&P has gained nearly 12% in what has traditionally been a weak six-month period for stocks. For the year the benchmark index is up 24%, on track for its best annual return since a 26.4% gain in 2003.
The market has bucked the high-profile, closely followed seasonal market trend discovered back in 1986 by the Stock Trader’s Almanac. In many ways, the bullish performance the past six months upends the seasonal timing strategy.
…
NEW YORK — Investors who followed the Wall Street adage “Sell in May and go away” this year missed out on a double-digit gain in what is shaping up to be the best year for U.S. stocks since 2003.”
sell when everyone gives up and buys and no one is left to buy
how much cash is still idle out there ?
It seems safe to conclude at this point that stock market corrections are a thing of the past. What is holding you back from getting into the water?
A history of terrible timing.
The sharks?
My rebalance kicked in. By my calculations, if stocks and precious metals take a 50% haircut I will still be in the seven figures net worth. 57 months of stock boom since the Deity was first crowned by His worshippers.
The nicest part is the rebalancing within the tax deferred plan does not realize gains. Too bad Jerry Brown! I will realize capital gains in a few years, but after I no longer earn California income! And will start to take distributions in a low tax state as well!
Commie Rio should be so smart.
So what you are saying is that the Obama presidency has been great for the stock market, just like Clinton’s was?
Take home message: Democratic presidencies are good for the economy; Republican presidencies before and after Ronald Reagan, not so much.
the economy is not the same as the stock market
Whac, yes. Also I didn’t realize President Reagan was a Democrat between 1981 and 1987.
Obama is my drinkin’ buddy
Oct. 23, 2013, 11:35 a.m. EDT
2014 ‘Year of the Boom!’ Bet on the bulls now
Commentary: 5 engines driving a new Roaring Twenties stock market
By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, 2014 is coming, fast, now dubbed the “Year of the Boom.” Bulls roaring. Hot race to the New Year. Then beyond into a booming, bullish 2014 rally. Yes, the Great Gatsby’s spirit is back in America. Top billing. Let the good times roll. Come join the party.
…
I will probably have to rebalance out of stocks again near the end of 2014, within my tax deferred plans!
I will probably have to rebalance out of stocks again near the end of 2014, within my tax deferred plans!’
whats your allocation ? My allocation is 60% stocks, 20% bonds and 20% cash.
I’m probably closer to 70% stocks at this point so thanks for reminding me to re-allocate. hate to buy bonds now but that’s an emotion which is not good for investing better to have a plan.
Sell high buy low
Close to what you have Cactus! 63% stocks, 29% government securities and cash, and the remainder in precious metals. I try to keep the stock percentage at most 63%
It’s a very good time to rebalance Cactus.
Fear September/October 2015!!!
Definitely time to sell or short the market. When they start printing stories like that in the finrags, they know it’s over, the fix is in, and they want to get top dollar upon cashing out.
My $.02
The goons are bankrupting America
Wall Street Journal - Pension Pinch Busts City Budgets:
SPRINGFIELD, ILL. — It pays for veteran firefighters and police officers here to retire around the anniversary of their hiring date — but it’s costly for this city of 117,000.
Under current labor agreements (goons!), employees get a 5% bump in the pay periods around that date every year. Workers who retire during the short window get a perk: Their pensions are based on the temporarily boosted paycheck. The provision, which starts after two decades on the job, adds an average of $65,000 in lifetime payouts for each retiree who takes advantage.
Springfield’s annual payments to the public employee retirement system have nearly tripled in the past decade to $19.8 million. The city says it spent 20% of its operations budget on pensions in the 2012 fiscal year, one of the nation’s highest rates.”
How much of this is due to longer lifespans rather than perks?
None. There is no significant difference in lifespan between when stuff like this was crookedly added to the agreements and now. Most of the problems happened in the 90s and early 2000s. It is just now coming home to roost for public pensions. Many of the most egregious promises were allowed because of projections of returns on investments going to infinity. Projections that have since been shown to be flawed.
There will be no money for this. Lucky ducky’s goose is cooked soon. You can have all the promises you want, but if there is no more money, oh well.
I think your wrong my theory has been the actuaries never fully compensated for the huge amounts of people who quit smoking, thereby collecting many more years then they should have.
Strawberry picker is correct. The large majoarity of the change in lifespan came from reducing infant and child mortality (dead babies really do a number on the average life span).
Better number to look at is to compare the average age of death for people who reach working age. Or you can look at the average age of death of people who reach 65, though there you should do some adjustment by looking at the people who died after paying into the system for a long time and then die and without taking anything out. This number is smaller than you think it is, because the wives of men who died in their early 60s also collect.
Here’s the good stuff that outlines the point.
http://www.ssa.gov/history/lifeexpect.html
Il will be the 1st state to go bk
A Downturn for the World’s Most Expensive Property Market
http://www.businessweek.com/articles/2013-10-28/a-downturn-for-the-worlds-most-expensive-property-market
Hong Kong is experiencing something unusual: a slumping property market. The city is the world’s most expensive place to rent office space or apartments and has enjoyed a lengthy run of rising prices, with occasional hiccups like the SARS epidemic in 2003 and the onset of the global financial crisis in 2008. Once investors got over the initial shock of that crisis, the market has been on a tear, with prices more than doubling since the end of 2008.
Now the good times are ending. Residential transactions haven’t been this slow since Bill Clinton was in his first term and Monica Lewinsky was still just an obscure intern.
I really need to clean out my cache and cookies. LOL, I was doing some online searching for some holiday family gifts, and one website is showing me all the crap I browsed at the top of the blog. It’s a little creepy, IMO.
At the top of this blog I see ads about Asian women seeking romance and ads for gold coins. My heart’s desire!
You and me both Bill; you’re a bachelor right?
Yes, going on 14 years
Here is a free program that cleans out all the junk used to be called crap cleaner
http://www.piriform.com/ccleaner
Only problem is during a full clean of cache and cookies you may have to re-enter your name and password/email manually again on certain sights like HBB and yahoo….
But if you use firefox under preferences and security you can find your stored passwords.
Is he lying?
Chattanooga Housing Market Shows Signs Of Strong Recovery
Monday, October 28, 2013 - by Jim Lea, Keller Williams Realty
http://www.chattanoogan.com/2013/10/28/262259/Jim-Lea-Chattanooga-Housing-Market.aspx
After bottoming out in 2010, the Chattanooga housing market is now on the upswing. Four telling indicators of the real estate market are home values, days on market, months’ supply, and number of homes sold. Each of these indicators point to a surging market.
Average home values in Chattanooga are 10 percent greater than they were at their worst in 2010 and almost identical to their levels in 2006. Some hyperlocal markets have even grown to greater than pre-recession levels, such as North Chattanooga, whose average home value is 20 percent greater than its pre-recession peak in 2006.
this message brought to you by the national association of realtors
“Despite rising prices over the past year and a half, values in the tri-county area are off 39 percent from the 2006 peak, according to the index.”
S. Fla. home price index increases 13.5 percent
Frenzy is gone, but market remains vibrant, agents say
http://www.sun-sentinel.com/business/realestate/fl-case-shiller-august-20131029,0,2636547.story
An index measuring South Florida home prices rose 13.5 percent in August from a year ago — another promising sign for the region’s re-energized housing market.
The annual increase in Palm Beach, Broward and Miami-Dade counties was virtually unchanged from July, according to the Standard & Poor’s/Case-Shiller index. The fast price appreciation occurring in recent months has slowed, though officials say that’s to be expected.
Despite rising prices over the past year and a half, values in the tri-county area are off 39 percent from the 2006 peak, according to the index.
more realtorbabble
Housing Market Skewed Toward Investors; All-Cash Purchases Surge
http://www.mortgagenewsdaily.com/10232013_realtytrac_home_sales.asp
There was a substantial increase in September in the purchasing activity of what it called institutional investors RealtyTrac said today. Persons or institutions who have purchased 10 or more residential properties in the last 12 months accounted for 14 percent of all residential sales in September, up 3 percentage points from August and from September 2012. This was the highest level of such institutional investment since RealtyTrac started tracking those purchases in January 2011.
Institutional buyers purchased 25 percent of properties sold in Georgia and Nevada. These investors were also active in Missouri with a 17 percent share, Arizona (16 percent), Illinois and Texas (14 percent and 13 percent respectively).
Those all-cash investors better hurry up! Look at all the empty rentals yet to be purchased!
This is my kind of central banker.
Top Central Banker in Norway Prefers Housing Slump to Gains
By Saleha Mohsin - Oct 30, 2013 4:36 AM PT
Norway’s central bank is comfortable with house price deflation and will avoid policies that drive up the property market of Scandinavia’s richest economy, Governor Oeystein Olsen said.
The economy can withstand house price declines “over a longer period,” Olsen said yesterday in an interview at his office in Oslo. “We’ll be concerned if housing prices and debt levels continue to grow. It doesn’t have to be a concern with a moderate downward reaction in housing prices.
…
How investment firms are threatening the housing market
http://www.csmonitor.com/Business/The-Reformed-Broker/2013/1025/How-investment-firms-are-threatening-the-housing-market
Institutional buyers are snapping up houses at a feverish pace and keeping some potential homeowners out of the market. Rising mortgage rates could be to blame.
….”Home purchases by institutional buyers reached a record high in September and all-cash buyers accounted for almost half of sales as investors responded to rising demand from renters.
Is the echo bubble peaking?
Rise in Home Prices May Be Peaking
By THE ASSOCIATED PRESS
Published: October 29, 2013
Home building in Las Vegas. Greater demand and fewer homes for sale have helped drive prices higher over the last year.
Steve Marcus/Reuters
WASHINGTON — Home prices rose in August from a year earlier at the fastest pace since February 2006. But the price gains slowed in many cities from July, a sign that rising prices over the last year may have peaked.
Other reports released on Tuesday showed that consumer confidence fell sharply this month as the federal government was partly shut down for 16 days, while retail sales dipped in September. And inflation at the wholesale level was negligible.
The Standard & Poor’s/Case-Shiller 20-city home price index rose 12.8 percent over the 12 months that ended in August. That compares with 12.4 percent in July from a year earlier. All 20 cities showed year-over-year gains.
But a measure of month-over-month prices for the 20 cities rose just 1.3 percent in August. That is down from a 1.8 percent month-over-month gain in July. And 16 of the 20 cities reported more modest price increases in August than in July.
Greater demand and a tighter supply of homes for sale have helped drive prices higher over the last year. But over the summer, mortgage rates rose from their record lows. Weak job growth is also discouraging potential home buyers.
Ellen Haberle, an economist with the national real estate agency Redfin, said prices had been driven higher by a limited supply of houses on the market.
The Conference Board said its index of consumer confidence dropped to 71.2 in October, down from 80.2 the previous month. September’s figure was slightly higher than initially reported.
Consumers grew particularly pessimistic in their outlook on the economy six months from now, while their assessment of current economic conditions declined much less severely. They also expect less hiring in the months ahead. Consumers’ confidence is closely watched because their spending accounts for 70 percent of economic activity, and a decline in confidence is likely to reduce economic growth.
A sharp drop in auto sales caused overall retail sales to dip 0.1 percent, the Commerce Department reported. That was the weakest showing since March, as auto sales fell 2.2 percent.
…
So long as the all-cash investors are around to snap up houses in bid wars, a dearth of end-user buyers poses no problem for the market.
Homebuyer Contracts Plunge as Interest Rates and House Prices Rise
by The Associated Press Oct 28th 2013 11:27AM
Updated Oct 28th 2013 11:42AM
A home for sale and AFP, Getty Images
By CHRISTOPHER S. RUGABER
WASHINGTON — The number of Americans who signed contracts to buy existing homes fell in September to the lowest level in nine months. The decline reflects higher mortgage rates and home prices that have made purchases more costly.
The National Association of Realtors said Monday that its seasonally adjusted pending home sales index dropped 5.6 percent last month from August to a reading of 101.6. That also pushed the index below its year-ago level, the first time that’s happened in nearly 2½ years.
There is generally a one- to two-month lag between a signed contract and a completed sale. The drop suggests final sales will decline in the coming months.
Contracts to buy homes have slowed in recent months as mortgage rates reached a two-year high over the summer. Rates rose in response to speculation that the Federal Reserve would reduce its stimulus later this year.
But the Fed held off taking any action during its meeting in mid-September and rates have fallen since then. The decline could help boost contract signings in October. The average rate for a 30-year mortgage was 4.13 percent last week, according to mortgage buyer Freddie Mac.
Many economists say the housing recovery should continue, albeit with slower gains in home sales. They note that home prices and mortgage rates remain low by historical standards.
Monday’s report “is in line with other housing indicators … that suggest the pace of improvement in housing markets has slowed,” Cooper Howes, an economist at Barclays Capital, said in a note to clients.
Home prices have also jumped 12.4 percent in August compared with a year earlier, according to real estate data provider CoreLogic. That’s near the fastest pace in seven years.
…
Drudge link - Top Democrat says those aren’t ‘cancellation notices,’ they’re ‘transitions’ into Obamacare:
“If the companies changed the insurance plans then they have to notify the people who have the opportunity to have another policy,” said House Ways and Means Committee ranking member Sander Levin, D-Mich.
In fact, according to Levin, the “so-called cancellation notices” merely “help people transition to a new policy.”
Levin cited comments made by Florida Blue CEO Patrick Geraghty, the insurance company executive who originally floated the “transitioning” talking point on Sunday’s Meet the Press.
That’s a very positive way to look at being chucked out. It’s like when your girlfriend throws all your crap out on the lawn and bolts the door. It’s a “transition service”.
It’s like when your girlfriend throws all your crap out on the lawn and bolts the door.
http://picpaste.com/cheating_husband.jpg
Oops. I drove past a Subaru last week in North Seattle that had the word “Slut” spray painted all over it. Was so distracted by that I didn’t even check for the Coexist sticker.
I wasn’t “laid off”. I was “opportunity plussed”!
If the “new policy” costs them a lot more then this ain’t good for the party who owns this.
Maybe, maybe not. If enough companies cancel private insurance and force people into Obamacare, and then private insurance charges too much for their Obamacare plan, then that could be a “transition service” to a public option or single payer. Sure, Obama himself will take the political hit, but by then he’ll be out of office.
You are deluded if you think they just blame the Messiah only and then move on.
the most transparent administration in history
‘the white house is ordering insurance companies not to criticize obamacare and threatening ‘retribution’ against executives who speak out, according to cnn reporter drew griffin.’
http://www.infowars.com/white-house-orders-insurance-companies-not-to-criticize-obamacare/
Case-Shiller Housing Price Index Shows Bubble Like Annual Gains Again October 29, 2013
http://www.economicpopulist.org/content/case-shiller-housing-price-index-shows-bubble-annual-gains-again-5418
The August 2013 S&P Case Shiller home price index shows a seasonally adjusted 12.8% price increase from a year ago for over 20 metropolitan housing markets and a 12.7% change for the top 10 housing markets from a year ago. Once again price increases are on high for homes. Home Prices, not seasonally adjusted, are now comparable to June 2004 levels and are quite bubbly in many cities. America is now only 20-21% away from the peak of the housing bubble.
Post a photo coward.
Post a photo coward.
LOL, Because you “dare” me? You’re funny.
So HA, lies, spouts hate, build’s crapshacks that he despises. Rent’s somewhere cold (probably alone) a crapshack that he despises and encourages everybody else to rent crapshacks. And barks all day long like a rabid chiwawa .
What a life you got there. I write this looking at the ocean. I hear a rooster in the background and there are monkeys in the big mango tree. It must be mango season. It’s nice dude!
And you run from it for once simple reason.
You’re lying.
And you run from it for once simple reason.
Yes. Because I really don’t respect you. Try to keep up.
And I think it’s funny! You know what else is funny? There are 2 big dogs here and monkeys in the trees. The dog’s go crazy seeing the monkeys jumping climbing around in the trees. I mean crazy! Woff Woff!
Now the monkeys seem to be enjoying teasing the dogs. They look at the dogs, make a really high pitch sound and seem to be teasing them.
I wonder if they are having fun and laughing at the dumb dogs.
Man up RioTard.
Now the monkeys seem to be enjoying teasing the dogs.
OMG, that one was awesome, Rio. LMAO…
Hall of Fame material, seriously.
‘It must be mango season’
Yeah, but where’s the $500?
^^^^^^
BWHAHAHAHAHAHAHA.
No photo. No cash.
FRAUD.
Yeah, but where’s the $500?
Ask the guy who promised it. I did my part.
Let’s just end the discussion.
Here’s the photo.
http://lh6.ggpht.com/_RD5I_GNoXAI/Sz1oJ_j9zYI/AAAAAAAAAKI/vS_5143qvoI/091230_Bronte_Beach_old_man_sm_thumb.jpg?imgmax=800
THANK YOU!
RioTard on the beach.
Proceed Riotard.
Here’s the photo.
LOL
I’m fit, have good hair and look 25 yrs younger than that dude. (But at least he’s at the beach huh?)
You even look like a lyin realtor.
You even look like a lyin realtor.
Hey HA. Maybe you can help me because you seem to know a lot about mangos. I like BBQ with wood chips for flavor. But I don’t know what the Brazil version of Hickory or Mesquite is so I was thinking about using Mango wood because Mangos have a pit and pit-fruit wood makes for good smoked meat, but then I read this:
Because of its toxicity, you should NEVER burn the wood of a mango tree. If you have an inflammatory condition, beware if your symptoms ... totalhealthmagazine
Do you think mango wood is just toxic to breath or would it be toxic on the meat?
Right now I’m using some hickory and cherry chips that I brought from America but I’m almost out.
…. because you are a lying realtor. LOLZ
Live blog from Buttonwood Gathering with Shiller, El-Erian, Greenspan, Carstens
October 30, 2013, 8:28 AM
The second day of The Economist magazine’s Buttonwood Gathering kicks off in a few minutes. We’ll be hearing from Pimco CEO Mohamed El-Erian, Morgan Stanley chief economist Vince Reinhart, Nobel economist Robert Shiller, former Fed chief Alan Greenspan, and Bank of Mexico Gov. Agustin Carstens. Topics include the potential for fresh market bubbles, whether central banks are too powerful, Japan’s efforts to beat deflation, political dysfunction in Washington, and the outlook for emerging markets. We’ll be following the proceedings live here.
Another Drudge link (I’m not posting the actual links because we wouldn’t want to direct traffic/hits to fringe websites, you should only click on links from Dianne Feinstein’s approved list of “real journalists”)
Amnesty is Republican Party Suicide:
“The influx of these new voters will reduce or eliminate Republicans’ ability to offer an alternative to big government, increased government spending, and favorite liberal policies such as Obamacare and gun control. New voters will lean on our hard-pressed health care system and overcrowded public schools to demand more government services.
An enormous body of research shows that large majorities of recent immigrants, who are mostly Hispanic and Asian, hold liberal views on most policy issues and therefore vote Democratic two-to-one.
The 2010 Cooperative Congressional Election Study found that 69 percent of immigrants support Obamacare, and the Pew Research Center found that 75 percent of Hispanic and 55 percent of Asian immigrants support bigger government.”
Permanent Democrat Supermajority
Most legal immigration is also comprised of Asians and Hispanics, including those H1-Bs that corporate America loves.
What if it is really true the Republican Party (minus the pesky Rand Paul and Ted Cruz) wants to die and make the USA a permanent Democrapic Party majority?
Then the only way taxpayers will be able to defend themselves is to no longer consent.
Another Drudge link (I’m not posting the actual links because we wouldn’t want to direct traffic/hits to fringe websites, you should only click on links from Dianne Feinstein’s approved list of “real journalists”)
I hope this is a joke. Diane Feinstein’s approved list…..
Linked from Google News - USA Today:
“A Fargo, N.D., woman says she will give trick-or-treaters that she deems ‘moderately obese’ a letter instead of candy this Halloween.
“I just want to send a message to the parents of kids that are really overweight … I think it’s just really irresponsible of parents to send them out looking for free candy just ’cause all the other kids are doing it,” the woman said in a morning radio interview with Y-24. She wouldn’t identify herself.
The letter states: “Your child is, in my opinion, moderately obese and should not be consuming sugar and treats to the extent of some children this Halloween season.”
It continues: “My hope is that you will step up as a parent and ration candy this Halloween and not allow your child to continue these unhealthy eating habits.”
A translation of the letter:
“I have decided that you are an unfit parent.”
This should go over well.
Do kids still TP houses on Halloween? I only ask because TP is a lot more expensive than it used to be.
I only ask because TP is a lot more expensive than it used to be.
Isn’t pretty much everything more expensive now?
Looking forward to not getting a raise again next year. I’ll just have to cut something else out of the budget.
Isn’t pretty much everything more expensive now?
TP is more expensive in Brazil but at least it’s softer than 20 years ago. But most people don’t use much. They have these water hoses like the black one’s on American kitchen sinks. That’s how they mostly clean themselves.
The older houses have bedees? bedies? bides?
I don’t even know how to spell it. In my 4 bathrooms I have the water hose things.
But this should make you feel better: The Evil Empire of database and ERP Business Apps was voted as the 5th or 6th highest tech wage paying company. Only a few places have a higher median salary… Google and Juniper Networks being two.
So buck up little camper, mainstream media says your doing just fine.
he Evil Empire of database and ERP Business Apps
Don’t forget Solaris 11, the “First Cloud OS”
Yeah, I forgot about the death of Sun… no worries though, I’m sure Larry will find another company to devour so he can lay off the staff, take the customers, and buy another island.
Yes, also at houses where a girl they like lives.
“Forking” lawns is big around here.
Forking = Collecting large quantities of plastic forks. Then sticking them in the ground in the front yard of the chosen target.
Don’t ever judge anyone else. It’s their business if they want to ruin their kid’s life.
Do what makes you feel good.
It’s okay for the skinny kids to eat insane amounts of sugar.
Here’s an idea. Don’t give out anything.
this is america’s future:
http://sprocketink.com/wp-content/uploads/2011/10/fat-kid-mcdonalds-769134-769471.jpg
That picture was just sad. Who would let a kid get obese?
My obese mother is my anti-role model. I live in a size 3 body, and I’m seasoned.
In many of our (rural) cultures/sub-cultures, having “big” kids was/is viewed as a positive.
In my house, regular azz beatings and/or confinement to the dinner table were administered if you didn’t “clean your plate”
That’s cause there were 30 million children starving to death in China.
“I live in a size 3 body, and I’m seasoned.”
+1 Wow, a #3. Your two best friends must look great on that frame.
They do (re-builts), and my rear is tight. Muffin tops are ugly, unfit, and not feminine. I still wear a bikini in my 50’s. Lifestyle choices.
“They do (re-builts), and my rear is tight.”
+1 Sure hope that EE is satisfied. Sounds great!
Hope and Change
“One of the remarkable trends of the Barack Obama era is the transference of rage from left to right. Anybody remember “Bush Lied, People Dies” bumper stickers? To some extent, this is the natural sway of the political pendulum, with angry lefties supplanted by angry righties after the party in the White House changes.
But there appears to be a longer-term process of alienation under way, with conservative whites — talking to you, Tea Party — increasingly assuming the posture of aggrieved outsiders. The “angry white men” who fueled the Newt Gingrich revolution in 1994 are seemingly angrier, more alienated and as white as ever in 2013.”
http://www.bloomberg.com/news/2013-10-29/white-alienation-black-satisfaction-and-the-obama-era.html
“The Housing Bubble is deflating once again.This is going to be the big one.”
You better believe it.
Get what you can get for your house while the getting is good.
How about living in your home and not being concerned. Those of us who like to be long term owners just want a place to live. It’s the house for profit people that need to sell. The mindset is different.
HA and all, Happy Halloween.
This is one of free haunt stops last night. He is a producer for the Simpsons.
http://boneyisland.com/main.html
Kumbaya today, tears tomorrow.
Who cares, HA. It costs us less than renting a room to live here and we are happy. HAPPY on our own terms and cash, not OPM. That’s the key.
I couldn’t care less how badly you got ripped off.
Carry on Donkey.
Ha - oxoxox
So, did you buy the tot-ers candy?
I tried to keep our favs out of the house, but Mr. inch wanted the 150 count chocolate pack at Costco. Did treat bags (assorted 7 items per bag/mixed w/ choc bars) immediately for the tot-ers. Out of sight…
That Verizon commercial is a hoot.
“Weirdo” dentist giving out floss. lol
Extensive article which confirms the squad’s ever correct assertion that the future belongs to Lucky Ducky:
http://www.bloomberg.com/news/2013-10-30/retirees-replaced-by-lower-paid-weigh-on-u-s-growth-economy.html
But don’t worry, the 0.1% will continue to get theirs
For the rest of you, welcome to the recoveryless recovery
This is the money statement
“We really have to have a national conversation on the tremendous slowdown in innovation,” said Phelps, author of a new book titled “Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change.”
“Young people feel the pull of family and friends more than in the 19th century where there was strong pioneering spirit and the advice was ‘Go west, young man.’”
“There has been a devaluation of achievement and an increased emphasis on just hanging out,” Phelps said. Government regulations that protect existing industries have also discouraged new entrants, he said.
Joe’s tailor shop can compete against Dave’s tailor shop and maybe against Mike’s Department store but not against Walmart and Kohl’s. A friend/acquaintance of mine went through three businesses, started in windsurfing and did well then internet crushed that model. Then had a skate shop internet crushed that shop as well. He tried to branch out with other sports and just couldn’t match the prices. He moved back in with family when all was said and done. In addition to competition there are fewer customers for these types of goods as the middle class has been destroyed. Finally people realize that if they fail they may never be able to earn that money back. The cost of failure in this country has gone way up as opportunity for fall back jobs has declined.
Note that it really is only the top 0.1% who are going to do well, maybe top 0.01%. The rest are whale food. That includes you small medium and some big business owners, doctors, lawyers, athletes, dentists, scientists, academics, etc etc. We are moving toward the russian/ chinese model of a small elite class controlling everything, a middle class composed mostly of henchmen for the elite, and the masses.
Lucky Ducks (and the fixr’s) optimum/dream “retirement” scenario.
Die early. And quickly, before the Medical/Insurance Vampire Squid industry gets you into the ICU.
Inside the Messy but Moneyed Republican Plan to Neutralize the Tea Party
The business-friendly GOP establishment is putting its cash to work in skirmishes across the country that might reshape the 2014 elections.
It took a tea-party insurrection that disabled the federal government and wrecked the Republican brand, but after months of handwringing, establishment Republicans are preparing to attack ultraconservative ideologues across red America.
From Alabama to Alaska, the center-right, business-oriented wing of the Republican Party is gearing up for a series of skirmishes that it hopes can prevent the 2014 midterm election from turning into another missed opportunity. This will not be a coordinated operation. It will be messy, ugly, and prone to backfiring. And if the comeback succeeds, it will be in fits and starts, most likely culminating in the selection of a presidential nominee in 2016.
“Hopefully we’ll go into eight to 10 races and beat the snot out of them,” said former Rep. Steve LaTourette of Ohio, whose new political group, Defending Main Street, aims to raise $8 million to fend off tea-party challenges against more mainstream Republican incumbents. “We’re going to be very aggressive and we’re going to get in their faces.”
…
Tactics being discussed among Republican strategists, donors, and party leaders include running attack ads against tea-party candidates for Congress; overthrowing Ron Paul’s libertarian acolytes dominating the Iowa and Minnesota state parties; promoting open primaries over nominating conventions, which can produce Republican hard-liners such as Virginia gubernatorial candidate Ken Cuccinelli and shutdown-instigator Mike Lee of Utah; and countering political juggernauts Heritage Action, the Club for Growth, and FreedomWorks that target Republican incumbents who have consorted with Democrats.
…
Along with LaTourette’s group, another player in the battle for control of the Republican Party will be the Conservative Victory Project, an arm of the Crossroads super PAC founded by Republican strategist Karl Rove. The group plans to vet GOP primary candidates with the goal of sending the most viable conservative to the general election.
“We want to avoid situations like 2010 with (Delaware Republican nominee) Christine O’Donnell, where a candidate gains momentum and the skeletons come out after the primary,” said Crossroads spokesman Jonathan Collegio. “If skeletons exist, we’ll make every effort to make sure they’re known to every group that spends money long before the primary.”
http://www.nationaljournal.com/politics/inside-the-messy-but-moneyed-republican-plan-to-neutralize-the-tea-party-20131024
see also piece on bloomberg about alabama chamber of commerce backing pro-business candidate in primary against opponent who promises to ‘be like ted cruz’
Good luck with that. The whackos are firmly entrenched out here in the Great Plains.
The Tea Party are “liberals” out in the sticks. The farmer demographic viewpoint is that a government shutdown/default is a “win-win” scenario. Either way, they get to cut-off the 47%ers/parasites.
The farmer demographic viewpoint is that a government shutdown/default is a “win-win” scenario.
I’m sure they discuss this with each other as they stand in line at the bank, waiting to cash their fat USDA subsidy checks.
+1 I was just thinking that too.
“Coastal California Housing List Prices Fall a Whopping 23%”
http://www.movoto.com/statistics/ca/pebble-beach.htm#city=&time=1Y&metric=Median%20%24%2Fsqft&type=0
the american police state 2013:
http://www.infowars.com/ap-photo-checkpoint-cops-point-guns-at-americans-heads/
memo to new york mayor michael bloomberg:
stay the f!!! out of colorado
http://dailycaller.com/2013/10/28/bloomberg-anti-gun-group-leader-aims-to-replace-recalled-colorado-state-sen/
bloomberg and dianne feinstein’s goal:
registration
confiscation
extermination
got 7.62×39?
I prefer .308.
“I prefer .308″
I can’t afford .308
http://www.gunbot.net/ammo/rifle/308/
http://www.gunbot.net/ammo/rifle/762×39/
Do you have any reloading gear? It helps.
Not yet, but would like to for the .38 Special and .357 Magnum.
The 7.62×39 is stockpiled for a TEOTWAWKI scenario, which if (when?) it happens, I won’t be sitting in my city apartment reloading and waiting for the zombie hordes.
It is being stashed in waterproof canisters at various points (which shall remain unnamed) in National Forests and Wilderness Areas that I can locate using old-school compass and 7.5 minute USGS topographic maps, as when “Go Time” hits, there will be no GPS navigation.
If you are so sure about a a TEOTWAWKI scenario, why don’t you just leave the country?
“I prefer .308″
100 yards in 7.62×39 (many shots)
100 yards out .30-06 180 grain (one-three shots)
Nikon BDC - YouTube (WARNING: Deer Death)
http://www.youtube.com/watch?v=Q08-pyEoNzU - 134k -
25 yards in (out of 7.62×39) 9mm
5 yards in (out of 9mm)
SOG Knife with Partially …
http://www.amazon.com/SOG-Specialty-Knives-S37-K-Sheath/dp/B001D0PZX8 - 312k - Cached - Similar pages
Bullet weight .308 .30-06 Difference %
Here is a chart of the muzzle velocities for each bullet for both cartridges, the difference between them (.30-06 minus .308) and the percentage of that difference:
150 2919 2847 -72 ft/sec -2.5
165 2812 2803 -9 ft/sec -0.3
180 2623 2756 133 ft/sec 4.8
From the chart we can see that the average difference in velocities for the three bullets is 17 ft/sec, or 0.6%, in favor of the .30-06. Now don’t forget that these are average velocities. In a string of shots a cartridge/gun’s velocity can easily have a standard deviation of 1% or more. In other words the normal variations in loads result in a built-in error that pretty much means we can’t count on such a small difference to be meaningful.
So, what does all this mean downrange? We’ll zero both guns at 200 yards and compare the bullet energy there. Let’s also take a look at what the bullets will be doing at 400 yards, which is a heck of a long shot for hunting. I used the “PointBlank” ballistics program to make the comparisons.
With the 150 grain bullet the .308 has 2093 foot-pounds of energy at 200 yards while the .30-06 has 1985 foot-pounds. Out at 400 yards the .308 will have dropped 20.9 inches, and still has 1512 foot-pounds. The .30-06 will have dropped 22.13 inches and maintains 1428 foot-pounds. The .308 shows 5.9% more energy at 400 yards.
Then with the 165 grain bullet 200 yards the .308 shows 2202 foot-pounds versus 2187 foot-pounds for the .30-06. At 400 yards the .308 drops 21.90 inches and has 1645 foot-pounds. The .30-06 drops 22.06 inches with 1633 foot-pounds left. At 400 yards the .308 has a tiny 0.7% energy advantage.
Finally we take the 180 grain bullet, which should give the biggest advantage to the .30-06. At the 200 yard mark the .308 will have an energy of 2143 foot-pounds and the .30-06 will have 2379 foot-pounds. The .30-06 has about 11% more energy. When we get out to 400 yards the .308 will be 24.64 inches low and still have 1647 foot-pounds while the .30-06 will be 22.10 inches low and still carry 1840 foot-pounds. That means that at 400 yards the .30-06 has an 11.7% advantage in energy.
http://www.huntingnut.com/index.php?name=news&file=article&sid=58 - 24k -
Oh yeah, why buy a new car? :
http://maine.craigslist.org/ctd/4121742935.html
Figure in a year or so, walk into a dealer lot or buy from private party. Offer $5k for a 2005 model car. What is $5k for a car nowadays? Nothing. As long as the car gets another 100K miles w/o major problems. Sentras are the new VW bug IMHO.
As long as the car gets another 100K miles w/o major problems.
That’s the big if. Maybe it will … maybe it won’t.
If you have a good solid car with 100K, you’ll get a pittance for it if you trade it in (it seems that the used car shortage is over and prices have come down), so you might as well keep the old car as a spare. Now if it’s problematic, then it’s buh bye.
109K on Squadmobile 1 and 177K on Squadmobile 2.
Squadmobile 1 is for daily commuting and long trips on pavement. Squadmobile 2 is for off-pavement / mountain / snow driving and for hauling cargo like skis, bikes, squadettes, et cetera.
Am hoping that sometime within the next decade, at which point each Squadmobile will be rocking ~250K on the odometer, Subaru or someone else will make an all-wheel-drive, moderately high clearance, vehicle that gets 40+ mpg, with which the squad will replace both vehicles, and pay cash.
Subaru ? 40+ mpg ?
no way Subaru’s get crappy gas mileage with the boxer engine
I should know I have a forester 2010 poor gas mileage and it tends to “Lose Oil”
Good driving in the sand though
Crosstrek XV with a turbo diesel is what I’m waiting for/calling my representatives for. By representatives I mean the local dealers…
“get a pittance…..”
If you want a real laugh, try to sell something with 200K miles.
Put an add on Craigslist for my venerable 2001 STS. Everything works (well almost everything), but has a leak around the radiator, a couple of other issues that could be fixed by someone with a garage and a little time.
My favorite question “Is there anything wrong with it?”.
Uhhhh, yeah, lady. It’s got 200K miles. If something wasn’t “wrong” with it, I wouldn’t be asking $1000-$1500.
So the -fixr leaves the new car in the hangar, and continues to drive the old car.
A few months ago, I traded in a civic with 170k miles (mostly and suburban, not much hwy). You’re right, you don’t have much bargaining power. I went to 2 Honda dealers and a Toyota. All the offers came in about the same. Looked on KBB, the offers were pretty fair based on what others had gotten and on what the dealer would likely be able to re-sell to a used car dealer.
Obviously by the point you’re closing in on 200k there are numerous problems not worth fixing. For one thing, things underneath the car are starting to rust out. Some of the electronics misbehave from time to time, in my case this caused some overheating issues.
The day before we picked up the new car and traded in the old one, the car died while I was idleing on I-95 (there was an accident and traffic was crawling). Luckily, I pulled over for about 15 minutes and eventually the car started and got us up and to the dealer the next day.
The new car is for my wife. I continue to bike to/from train to work. I only drive ocassionally, on weekends. My favorite part of the day is my bike commuting. Even rainy days like today.
Idleing on I-95?
Bikes?
Trains?
coastal elitist, socialist, and homosexual
if biking is for genderqueers, CO must be like a year-round retreat for tenured gender studies professors
Colorado residents…….why do you guys have such a Jones for Subarus? Official state car?
Fully half of the cars with Colorado plates I see on I-70 are Subarus. With bike or ski racks.
And, like Texans with their 4×4/duallys/trailers and RVs, insist on squatting in the left lane, driving 15mph under the posted speed limit.
Colorado is full of pretenders. They hardly go ski or bike but they have the equipped car just in case.
‘colorado is full of pretenders’
the higher the ratio of pretenders to participants, the less traffic on interstate 70.
this weekend the squad will climb what is probably our last 14er of the 2013 season, after which we will take a slight detour to pick up our ski pass for arapahoe basin.
the car died while I was idleing on I-95 (there was an accident and traffic was crawling). Luckily, I pulled over for about 15 minutes and eventually the car started and got us up and to the dealer the next day.”
Sounds like the Honda ignition gets hot dies cools off works again. Really bad when it dies on the freeway with no way to pull off - good way to get run over.
ignitor I think its called? the thing that starts the spark to the plugs. I replaced one on my 1993 Honda accord back in the day.
Colorado residents…….why do you guys have such a Jones for Subarus? Official state car?
They are popular here for the full time AWD. A lot of cars and SUVs with the “AWD” badge on the trunk or hatch are really FWD vehicles, and the rear wheels only kick in when the front wheels begin to lose traction.
In my neck of the woods you see a lot of 4×4 trucks.
Hmmm … I don’t think you see that many even in Boulder.
not worth fixing
By what measure? I’d rather put $1k per year into my car (not that I even put that much into it) than get a new one…or deal with a used one for which I don’t know the history…
insist on squatting in the left lane, driving 15mph under the posted speed limit.
No, no, no, no. That’s the Prius. Has replaced the minivan as the most annoying car that you’re invariably stuck behind in the left lane.
The car I currently drive is a 1998 model. Only has about 140K miles. Bought it at 70K miles. I drive not a lot. The car is probably a great grocery getter for some college kid in the future for $800. Funny thing is, I see my car model, later year versions, on CL for not a lot of money and in very good shape with low miles. A one month subscription to CarFax and some time to check cars out locally and I am confident of finding something for $5k that is in very good shape. Sort of like an Oil City solution for cars to me.
Reason I bring this up is I just paid my car registration today. The bill never goes down even though I have been registering the car for about 10 years here. My locality does not see depreciation in a car. Just another griping point I guess, but I just do not care to buy a brand new car and pay all the bundled middleman fees/taxes as the years go by. Even fuel economy does not make a great case to me. Spend an extra $15K so I get an additional 10 mpg? That $15K can go to another few Oil City cars later on.
Reason I bring this up is I just paid my car registration today. The bill never goes down even though I have been registering the car for about 10 years here. My locality does not see depreciation in a car.
In MA, State registration is always a flat fee, as is annual State emissions/safety inspection. The excise tax paid to your locality is based on the “value” of the vehicle, so depreciation is taken into account.
How the State of MA screws drivers: 6.25% sales tax on vehicle purchases. semi-annual state registration fee $50, annual emissions/safety inspection $29, annual excise tax $25/$1000 valuation, MA fuel tax (added into cost of fuel) .25/gal
And now MA wants to use your black box (or annual inspection) to determine mileage driven and tax you on that. F*** this state.
For what it’s worth, the Tea-Party Republicans are pushing the same measures around here. To make taxes “fairer”
For what it’s worth, the Tea-Party Republicans are pushing the same measures around here. To make taxes “fairer”
Seriously? I thought that was some liberal propaganda that Tea-Party Repubs were supporting more government tracking and another tax.
I don’t want nor need the government intruding in my life more than it already does and I certainly don’t need another tax.
As long as the car gets another 100K miles w/o major problems.
That’s the big if. Maybe it will … maybe it won’t.
2012 Jeep Grand Cherokee Overland… equipped with Hemi V8, QuadraTrak II 4×4, Quadra-lift Air Suspension, Tow Package, Panoramic Sunroof, Navigation, etc.
Jeep Certified-Preowned price w/ 30,000 miles: $37,000
Mopar Maximum Care Lifetime Ownership/Unlimited Miles Warranty: Priceless
FWIW, with the Mopar Maximum Care lifetime/unlimited mileage warranty, this Jeep will be “handed down” to my daughter in 7 years, when she gets her license. Best deal in the automotive world as far as I’m concerned…
As long as the car gets another 100K miles w/o major problems.
Still running my 98 Cherokee (not a Grand, an XJ), now at 285k miles. I trust it more than our newer cars.
Insurers Oppose Obamacare Extension as Danger to Profits
By Shannon Pettypiece & Alex Wayne - Oct 29, 2013 11:01 PM ET
Allowing Americans more time to enroll for health coverage under Obamacare may raise premiums and cut into profits, insurers are telling members of Congress in a bid to stop such a move.
Extending the enrollment period would have a “destabilizing effect on insurance markets,” said Robert Zirkelbach, a spokesman for the Washington-based lobbyist group American’s Health Insurance Plans. Allowing younger, healthy Americans to sign up later, as they probably would, means less revenue for insurers counting on those premiums to help defray the cost of sicker customers, threatening industry profits.
“If you can enroll at any point in the year, then you can just wait until you get sick,” Brian Wright, an analyst with Monness Crespi Hardt in New York, said in a telephone interview. “This isn’t the industry crying foul and exaggerating the issue, this is actually one of those issues where there is a well-grounded reason for the concerns.”
It’s a message the industry is taking to Congress after Republicans there, along with at least 10 Democrats, have suggested enrollment be extended beyond its current March 31 deadline because of issues with healthcare.gov, the federal health insurance website that’s been plagued by software miscues.
Aetna Inc. (AET) Chief Executive Officer Mark Bertolini said yesterday on a call with analysts that he is concerned the flaws with healthcare.gov will lead to an extension of the enrollment deadline.
Insurers Oppose Obamacare Extension as Danger to Profits …
http://www.bloomberg.com/news/2013-10-30/insurers-oppose-obamacare-extension-as-danger-to-profits.html - - Cached - Similar pages
Of course it’s a threat to profits. And they’ll really hate the single payer plan that will replace the ACA. Which the teed-off public will soon demand.
Bay Area Housing Demand Collapses 11% In A Single Month
http://www.zillow.com/local-info/CA-Contra-Costa-County-home-value/r_3159/#metric=mt%3D24%26dt%3D1%26tp%3D5%26rt%3D6%26r%3D3159%26el%3D0
boo hoo for realturds.
All I can see on that link are double-digit increases. Where does it document the collapse?
Compare Counties Near Contra Costa
Zillow Home Value Index Y-o-Y
Contra Costa $403,800 25.8%
Alameda $555,500 31.0%
Solano $269,600 39.9%
San Francisco $856,000 15.5%
San Mateo $807,300 22.0%
San Joaquin $209,000 35.4%
http://picpaste.com/pics/5c9690bad089397c788781a87b62e00b.1383148008.png
Good post.
The take home is that the double-digit increases in Bay Area prices have been accompanied by a collapse in end-user demand, as evidenced by plummeting transactions.
All I can see on that link are double-digit increases.
Good lord, Bay Area homes up 30% in one year??
Like we’ve maintained all along, we can ask 40k for the 10 year old honda civic but where are the buyers? realtors are liars.
I can tell you from recent experience that a 13 yr old Honda Civic isn’t worth that much
But the 10 yrs of no paid-off driving starting in senior yr of college were sweet….
“I can tell you from recent experience that a 13 yr old Honda Civic isn’t worth that much”
Mine is pushing 9 years of age and still going strong. I’ll keep it until my sons are done using it as their HS carpool car, then sell it with under 200K miles on it. Barring accidents, I expect it to still run fine by the time I sell in five years, as we are driving it under 2K miles a year these days.
Just as a 10 year old honda civic isn’t worth $40, a 40 year old house isn’t worth $150k+.
Cars are like mobile homes
In some areas like the Walmart parking lot they are the same thing
Houses are like cars.
Both depreciate rapidly.
“Just as a 10 year old honda civic isn’t worth $40,…”
The Kelley Blue Book says my 9 year old Civic in fair condition with 132,000 miles is worth $4500 (> 100 X $40). So far the depreciation has averaged out to under 15 cents a mile, and at current gasoline costs of $3.65 a gallon and 30 MPG, the gasoline cost per mile is about 12 cents a mile. The car is low maintenance — the only work so far has been for brakes and oil changes. It’s costing maybe $1000 a year to own and operate; compare that to the cheapest rental at maybe $30/day = 365 X $30 = $10,950 a year before gasoline, and it looks like a pretty darn good investment!
Interested in snapping up a multi-million dollar La Jolla, CA foreclosure home? Here is a short sampling of recent listings I stumbled across on Zilldo. It appears that lots of high-end shadow inventory is suddenly leaping out of the shadows into plain view. And this list is not at all exhaustive — I simply copied and pasted the first page of La Jolla foreclosure listings I saw.
Check out those eye popping price tags (highlighted in bold for your viewing convenience):
Pre-Foreclosure
Foreclosure Est.: $8.33M
15 days on Zillow
Hillside Dr - sign in for details
5 beds, 6.5 baths, 6,263 sqft
Built in 1940
731 Forward St, La Jolla, CA53 Photos
For Sale by Owner
$2,095,000
Zestimate®: $2.17M
23 days on Zillow
731 Forward St, La Jolla, CA
5 beds, 3.0 baths, 2,868 sqft
8,624 sqft lot
Built in 1960
1644 Caminito Barlovento, La Jolla, CA1 Photo
Foreclosed
Foreclosure Est.: $889K
Zestimate®: $898K
30 days on Zillow
1644 Caminito Barlovento, La Jolla, CA
2 beds, 3.0 baths, 2,000 sqft
– sqft lot
Built in 1977
Palomino Cir - sign in for details
Pre-Foreclosure
Foreclosure Est.: $1.26M
35 days on Zillow
Palomino Cir - sign in for details
4 beds, 2.0 baths, 2,007 sqft
Built in 1967
Abbottswood Row - sign in for details
Pre-Foreclosure
Foreclosure Est.: $1.1M
35 days on Zillow
Abbottswood Row - sign in for details
3 beds, 2.5 baths, 2,518 sqft
Built in 1996
Little St - sign in for details
Pre-Foreclosure
Foreclosure Est.: $3.62M
41 days on Zillow
Little St - sign in for details
5 beds, 6.0 baths, 6,367 sqft
Built in 1980
Caminito Floreo - sign in for details
Pre-Foreclosure
Foreclosure Est.: $1.03M
43 days on Zillow
Caminito Floreo - sign in for details
3 beds, 3.0 baths, 2,428 sqft
Built in –
Van Nuys St - sign in for details
Pre-Foreclosure
Foreclosure Est.: $2.07M
45 days on Zillow
Van Nuys St - sign in for details
5 beds, 4.0 baths, 3,598 sqft
Built in 1980
Via Anita - sign in for details
Pre-Foreclosure
Auction
Foreclosure Est.: $2.11M
52 days on Zillow
Via Anita - sign in for details
5 beds, 3.0 baths, 3,683 sqft
Built in 1975
Turquoise St - sign in for details
Pre-Foreclosure
Auction
Foreclosure Est.: $221K
52 days on Zillow
Turquoise St - sign in for details
– beds, 1.0 bath, 460 sqft
Built in –
Taft Ave - sign in for details
Pre-Foreclosure
Foreclosure Est.: $1.04M
62 days on Zillow
Taft Ave - sign in for details
3 beds, 2.0 baths, 1,404 sqft
Built in 1962
Nottingham Pl - sign in for details
Pre-Foreclosure
Foreclosure Est.: $1.11M
62 days on Zillow
Nottingham Pl - sign in for details
4 beds, 2.5 baths, 2,097 sqft
Built in 1973
Kolmar St - sign in for details
Pre-Foreclosure
Auction
Foreclosure Est.: $1.48M
64 days on Zillow
Kolmar St - sign in for details
3 beds, 2.0 baths, 1,741 sqft
Built in 1960
Rosemont St - sign in for details
Pre-Foreclosure
Foreclosure Est.: $967K
73 days on Zillow
Rosemont St - sign in for details
2 beds, 2.0 baths, 888 sqft
Built in 1961
Turquoise St - sign in for details
Pre-Foreclosure
Foreclosure Est.: $294K
77 days on Zillow
Turquoise St - sign in for details
1 bed, 1.0 bath, 658 sqft
Built in –
Caminito Empresa - sign in for details
Pre-Foreclosure
Auction
Foreclosure Est.: $822K
78 days on Zillow
Caminito Empresa - sign in for details
3 beds, 2.5 baths, 2,183 sqft
Built in 1986
Draper Ave - sign in for details
Pre-Foreclosure
Auction
Foreclosure Est.: $1.02M
80 days on Zillow
Draper Ave - sign in for details
4 beds, 2.0 baths, 1,405 sqft
Built in 2000
Hidden Valley Rd - sign in for details
Pre-Foreclosure
Foreclosure Est.: $4.93M
85 days on Zillow
Hidden Valley Rd - sign in for details
6 beds, 7.5 baths, 6,554 sqft
Built in 1954
Van Nuys St - sign in for details
Pre-Foreclosure
Foreclosure Est.: $723K
105 days on Zillow
Van Nuys St - sign in for details
2 beds, 1.0 bath, 846 sqft
Built in 1950
Turquoise St - sign in for details
Pre-Foreclosure
Auction
Foreclosure Est.: $219K
106 days on Zillow
Turquoise St - sign in for details
– beds, 1.0 bath, 460 sqft
Built in –
Caminito Barlovento - sign in for details
Pre-Foreclosure
Foreclosure Est.: $722K
122 days on Zillow
Caminito Barlovento - sign in for details
2 beds, 2.0 baths, 1,670 sqft
Built in 1980
Bonair St - sign in for details
Pre-Foreclosure
Auction
Foreclosure Est.: $669K
153 days on Zillow
Bonair St - sign in for details
2 beds, 2.0 baths, 1,124 sqft
Built in 1990
Sea Ridge Dr - sign in for details
Pre-Foreclosure
Foreclosure Est.: $6.06M
155 days on Zillow
Sea Ridge Dr - sign in for details
5 beds, 4.5 baths, 4,359 sqft
Built in 1992
Romero Dr - sign in for details
Pre-Foreclosure
Auction
Foreclosure Est.: $3.15M
161 days on Zillow
Romero Dr - sign in for details
3 beds, 3.5 baths, 3,437 sqft
Built in 1993
Caminito Muirfield - sign in for details
Pre-Foreclosure
Foreclosure Est.: $789K
196 days on Zillow
Caminito Muirfield - sign in for details
3 beds, 2.5 baths, 1,858 sqft
Built in 1979
Good grief — how will the all-cash investor brigade compete with the deluge of foreclosure homes entering the SoCal market when the bell rings and they have to sell in order to avoid massive losses?
“Look Out Below: Home Sales Plunge: “Biggest Drop in 40 Months”
http://www.shtfplan.com/headline-news/look-out-below-home-sales-plunge-biggest-drop-in-40-months_10282013
Collapsing demand… It’s what happens when prices are inflated by 250%.
“Pending Sales of Existing Homes Slump by Most in Three Years”
http://www.businessweek.com/news/2013-10-28/pending-sales-of-existing-homes-slump-by-most-in-three-years
Collapsing demand is what happens when prices are grossly inflated.
With demand at 1997 levels and falling lower, there is no bottom in sight.
Re:Yesterday’s discussion about the Kennedy assasination.
Until you actually visit Dealey Plaza, and look at the terrain/geometry, you don’t realize how relatively EASY the shot actually was. For starters, Dealey Plaza isn’t some wide expanse.
Yes, the car was moving (slowly)…..almost directly AWAY from Oswald in the window. Very little “deflection” in the horizontal plane…..5-10 degrees, max?
Additionally, Elm Street slopes DOWNHILL from the corner, minimizing the shot deflection in the vertical plane.
(It’s almost as if a former Marine scouted the area, and found the perfect spot to shoot).
The shot wasn’t that difficult. Back when I used to shoot my M-1 semi-regularly, I could consistently zap 12 oz. cans at 100 yards, using iron sights. The shots in Dealey Plaza were right around 100 yards, maybe less, with a scoped rifle.
The -fixr verdict……Oswald did it, with no help.
(Now I might listen to some arguments that he had “help”, in that people were aware of what he might be up to, but didn’t stop him for various reasons……incompetence, negligence?)
There was an online video game from a few years ago where they modeled all the physics and re-created the location and scenario, so you could try to blast Kennedy yourself, with the goal of trying to match Oswald’s shot exactly.
Here’s a youtube playthrough.
http://www.youtube.com/watch?v=i8jOeFeuOWs
Wikipedia on the game.
http://en.wikipedia.org/wiki/JFK:_Reloaded
“The shot wasn’t that difficult.”
But making his head and body react like this from a shot coming from behind was. Click at 28 seconds a few times and tell me if you think that shot came from behind.
(WARNING: GRAPHIC VIOLENCE)
Zapruder Film Slow Motion (Higher Quality) FULL VERSION …
http://www.youtube.com/watch?v=E0tZFkVhN00 - 122k -
This deer reacted to being shot the way I would expect it would, if it was shot from the other side and fell the way it did I would believe Oswald did it on his own.
(WARNING: Deer Death)
Nikon BDC - YouTube (WARNING: Deer Death)
http://www.youtube.com/watch?v=Q08-pyEoNzU - 134k -
For spook
The Men Who Killed Kennedy- Part 2 - The Forces of Darkness …
http://www.youtube.com/watch?v=BLJb4fk-rU8 - 90k - Cached - Similar pages
Feb 8, 2013
Those of you that are interested in the Kennedy assassination might want to check out the book entitled Case Closed by Gerald Posner to get a fairly well though out read of why Oswald might have acted alone.
http://www.amazon.com/Case-Closed-Gerald-Posner/dp/1400034620
It makes for an interesting read even if you don’t agree with the author’s conclusion.
Bullets do strange things when they hit a target. Nothing I’ve seen on film or autopsy reports is inconsistent with shots hitting from the back. Especially shot #2.
Besides, the way things are, a principal would have blabbed by now, especially if he has any evidence. Imagine how much the media would pay for something like that.
It was either:
-A lone nutjob with a rifle, making a not-too-difficult shot. We’ve got a million of them, or
-A giant conspiracy, that they’ve managed to sweep under the rug for 50 years, in spite of all of the incentives for someone to spill the beans.
I prefer to believe the more likely scenario.
anyone know why oswald was aassissinated?
Jack Ruby was crazy.
All you have to do is open the paper and read about the daily multiple murders/shootings (and/or murder/suicide) to learn that there are a lot of crazy, one-foot-on-a-banana-peel types running around out there.
Some people can handle the stress of living in 21st Century America, and a lot can’t. We’ve become a Zero-Defects Allowed Society. For the Lucky Ducks, one stupid, ill advised decision can screw you for life. Especially with the so called “safety-net” being dismantled.
I saw a lot of this when I was a supervisor. Amazing how fast people can go downhill, when things blow up in their faces.
We’ve become a Zero-Defects Allowed Society.
You’re right. First it was the military, now it’s everyone. You can still succeed, but you can only have a major screwup and remain on track to succeed if you have a benefactor (preferably a parent) in the 1%.
The military was supposedly the only part of government that “worked”. Especially all of that blind obedience to authority.
So government and many businesses copied it as a business model. substituting “love of country” for “love of stock price”.
One thing I found as a management type is that guys will bust ass for a “leader” who is competent, and who is taking as much, if not more risk, than the “foot soldiers”
For our current management class, who would send the troops into an ambush, while buying life insurance on them……not so much. Of course, this is viewed as “not being a team player”.
Management wants sheep, who are just smart enough to do their jobs.
Top economists can’t begin to agree on the effect of QE3.
Where does that leave the rest of us hapless leaves of grass?
Goolsbee, DeLong extend the Santelli/Fama debate on QE
October 30, 2013, 11:08 AM
When elephants fight, the grass trembles.
Former White House economist Austan Goolsbee and liberal blogger Brad DeLong got into sharp twitter debate Wednesday morning over the economic impact of the Fed’s asset purchase plan, commonly known as quantitative easing, or QE.
The debate started after Nobel prize winner Eugene Fama, a professor at the University of Chicago, had a heated exchange with Rick Santelli of CNBC on Tuesday over the Fed’s QE policy.
Fama argued, to Santelli’s increased agitation, that QE was “basically a neutral event” and he implied that its importance had been hyped by the media and Wall Street.
“The effects of it are greatly inflated. What they’ve been doing is issuing a lot of short-term debt, $85 billion a month, and using it to buy back long-term debt, with the goal of lowering the interest rate on long-term debt,” Fama said.
DeLong followed with a blog post, saying that Fama exhibited “profound cluelessness” as to what is going on in financial markets.
“Fama… seems to have missed last spring–or, rather, Fama thinks that, by pure coincidence, at that exact moment when when Bernanke talked about the ‘taper,’ the market’s underlying utility function shifted to be less patient and more averse to risk,” DeLong said.
…
Here is some news to worry the bulls: The Fed has declared the economy too weak to taper, yet Mr. Market is tanking nonetheless. What gives?
Just imagine the carnage if they had gone ahead with the taper plan!
Oct. 30, 2013, 2:07 p.m. EDT
Fed says economy too weak to begin taper
By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) — The Federal Reserve decided Wednesday to hold monetary policy steady, saying again that conditions remain too weak to pull back from its bond-buying program.
By a vote of 9 to 1, the Fed decided to maintain the pace of its monthly asset purchases at $85 billion-a-month.
There wasn’t much of a market reaction to the news. Slightly after the announcement, the Dow industrials moved into positive territory but the S&P 500 was negative.
The central bankers made few changes to their outlook. Fed officials repeated what they had said in September that the economy was improving at a “moderate” pace.
The central bankers noted that the housing sector had “slowed somewhat.” The Fed again said that fiscal policy is restraining the economy.
…
This is reassuring. Would you rather earn 2.5% in the stock market over the next ten years or buy 10-year Treasurys to yield 2.53%?
The answer is plainly obvious.
Robert Shiller: Stocks high but not ‘alarming’
October 30, 2013, 12:36 PM
Reuters
Stock prices are high, but haven’t yet hit alarming levels, Yale economics professor and Nobel winner Robert Shiller said Tuesday.
In an interview with MarketWatch on the sidelines of The Economist magazine’s Buttonwood Gathering, Shiller noted that the cyclically-adjusted price-equity, or CAPE, ratio that he constructed with Harvard professor John Campbell, stands at 25. That’s well above the historical average of around 16 but remains far off the 2000 high of 46, he noted.
That 2000 level pointed to 0% returns over the subsequent decade, while the ratio’s current “fitted value” points to returns of around 2.5%, which isn’t great but isn’t terrible, either, Shiller said.
The takeaway is that “the market is high, but it’s not alarming yet and could go much higher,” said Shiller, who has also warned that markets could be in for a near-term correction.
…
Bond traders are acting as though they expect a near-term QE3 taper. What did the FOMC statement say that spooked them?
Oct. 30, 2013, 2:27 p.m. EDT
Treasurys swing to slight losses after Fed
By Saumya Vaishampayan and Ben Eisen
NEW YORK (MarketWatch) — Treasury prices swung to slight losses across the board Wednesday after the Federal Reserve held monetary policy steady, as expected.
The Fed said economic conditions remain too weak for it to begin slowing its monthly bond purchases, currently set at $85 billion in an effort to hold interest rates down and stimulate the economy.
The 10-year note (10_YEAR +0.52%) yield, which moves inversely to price, reversed after the Fed statement to rise 2 basis points to 2.521%. The 30-year bond (30_YEAR +0.69%) yield also swung, gaining 2 basis points to 3.634%, and the 5-year note (5_YEAR +2.36%) yield rose 1 basis point to 1.302%.
The central bank surprised markets at its last meeting by deciding not to engage in the so-called “taper”, but slowing U.S. economic data and fiscal headwinds have largely pushed back market expectations until the spring of next year. (Read more about what to look for in the Fed statement.)
The 7-year note (7_YEAR +0.64%) yield rose 2 basis points to 1.901% . Earlier, the Treasury Department held a “very strong” auction that sold $29 billion of the securities at a yield of 1.870%, said David Ader, head of government bond strategy at CRT Capital Group LLC.
…
stock market trades on the FED not profits or loses ?
To the surprise of virtually no one, the Federal Reserve kept its cheap-money policy in place, but markets interpreted language in the decision to mean that the end may come sooner than expected.
Wall Street had expected the Fed to refrain from tapering its so-called money printing operation. Economic data, particularly in employment and consumer confidence, has weakened over the past two months, giving the U.S. central bank cover to continue unabated.
Language in the October statement mirrored the “moderate pace” of economic improvement that the Fed saw at its last meeting in September.
The statement, though, did omit a reference from last month that fiscal tightening could slow growth in jobs and the broader economy.
( Read the full statement here )
The stock market meandered in the minutes after the statement but later dropped precipitously, with the Dow industrials (Dow Jones Global Indexes: .DJI) losing close to 100 points at one juncture.
Bond yields moved higher as well, with the 10-year Treasury most recently off its lows for the session and close to flat for the session.
Where does the money go when everything drops?
Perhaps this developing story has something to do with it?
In Fed and Out, Many Now Think Inflation Helps
By BINYAMIN APPELBAUM
Published: October 26, 2013
WASHINGTON — Inflation is widely reviled as a kind of tax on modern life, but as Federal Reserve policy makers prepare to meet this week, there is growing concern inside and outside the Fed that inflation is not rising fast enough.
Some economists say more inflation is just what the American economy needs to escape from a half-decade of sluggish growth and high unemployment.
The Fed has worked for decades to suppress inflation, but economists, including Janet Yellen, President Obama’s nominee to lead the Fed starting next year, have long argued that a little inflation is particularly valuable when the economy is weak. Rising prices help companies increase profits; rising wages help borrowers repay debts. Inflation also encourages people and businesses to borrow money and spend it more quickly.
The school board in Anchorage, Alaska, for example, is counting on inflation to keep a lid on teachers’ wages. Retailers including Costco and Walmart are hoping for higher inflation to increase profits. The federal government expects inflation to ease the burden of its debts. Yet by one measure, inflation rose at an annual pace of 1.2 percent in August, just above the lowest pace on record.
“Weighed against the political, social and economic risks of continued slow growth after a once-in-a-century financial crisis, a sustained burst of moderate inflation is not something to worry about,” Kenneth S. Rogoff, a Harvard economist, wrote recently. “It should be embraced.”
The Fed, in a break from its historic focus on suppressing inflation, has tried since the financial crisis to keep prices rising about 2 percent a year. Some Fed officials cite the slower pace of inflation as a reason, alongside reducing unemployment, to continue the central bank’s stimulus campaign.
Critics, including Professor Rogoff, say the Fed is being much too meek. He says that inflation should be pushed as high as 6 percent a year for a few years, a rate not seen since the early 1980s. And he compared the Fed’s caution to not swinging hard enough at a golf ball in a sand trap. “You need to hit it more firmly to get it up onto the grass,” he said. “As long as you’re in the sand trap, tapping it around is not enough.”
…
The -fixr got an early Christmas present.
Went to Half-Price books, bought a hardback copy of “First Across the Rhine” (the story of the 291st Combat Engineers), a book written by their commander, Col David Pergrin. Paid something like six bucks.
(Read any history of the Battle of the Bulge, or of the 1st US Army’s capture of the Rhine river bridge at Remagen, and the 291st were key participants)
Got it home, found that it was a copy autographed by Col. Pergrin.
I bought myself an early Xmas present with an Amazon gift card I received a while back:
On Politics: A Carnival of Buncombe (Maryland Paperback Bookshelf)
H. L. Mencken
From one of the Amazon dot com reviews:
“It’s a shame we can’t resurrect Mencken as if he was Jesus (he’d enjoy that image) to come back to wield his fearsome talent, courage and wit against the scourge on Democracy we currently face in the party of Greedy Old Plutocrats. They are using religion for their political gain just like the Puritanical Democrats of Mencken’s day did.”
because the squad is a cheap-ass, we buy books (new releases that have long waitlist times at the public library) as gifts but read them first before gifting them.
currently in the middle of ‘this town: two parties and a funeral - plus, plenty of valet parking! in america’s gilded capital’ by mark leibovich.
will soon be buying ‘tune in: the beatles: all these years’ (publication date in usa is today) by mark lewisohn, which weighs in at a whopping 944 pages, and will need to be read in time to mail it before christmas.
Went to Half-Price books, bought a hardback copy of “First Across the Rhine” …autographed by Col. Pergrin
That’s cool.
My landlord in NorCal did something with Patton’s army and fell into or had to swim (I forgot) the Rhine and got pneumonia .
He died a few years back and when I read his obituary, turns out he won a bronze star. He didn’t tell me or even keep it I think because one time he told me he didn’t keep any of his war stuff. I asked him why and he said that he just didn’t think to do it.
Go Chiefs.
I’ve managed to avoid watching a single game this year.
Thirty plus years of trying to care about crappy football and baseball will do that to you.
Typical Sports Year in KC:
-February…..start of spring training.
-March……the Tournament
-April…….baseball opening day
-June 1……. Royals mathematically eliminated.
-Mid July…….Chiefs open training camp
-Mid October……Chiefs mathematically eliminated, just in time for:
-Mid October……”Late Night at the Phog”
You will notice that the “free market” teams suck, while the “Government Socialists” seem to put out a pretty good basketball program.
-”Late Night at the Phog”
Rock Chalk Jayhawk!
Typical Sports Year in KC:
That post was hilarious. But I know, it’s been a long time for the Pro teams. When I left for Cali, the Royals were world champs.
In the giant panic after the initial German attack in the Ardennes, the 291st recognized that there was a German column attacking ahead of the main German Army (Kampfgruppe Peiper), trying to grab bridges. They figured out which bridges the Germans were likely to make an attempt to grab, then sent squads of engineers out to blow them up.
(Which is one of my issues with “Saving Private Ryan”…….our guys wouldn’t have tried to “hold the bridge”. They would have immediately blown it up, knowing our engineering troops could replace it quickly)
The 291st still hold the record for constructing the longest (1100 feet) assault bridge under continuous enemy fire.
And it wasn’t the pissy Taliban or Al Queda guys shooting at them. They were being shot at by Germans. with MG-42s, 88mm’s and even bigger stuff.
the 291st recognized that
I just re-read his obit. He served in the 304th Infantry Regiment /Intelligence & Reconnaissance Platoon. He received the Bronze Star and the French Croix de Guerre. He was cool.
76th Infantry Division.
What a lot of people don’t realize is that the US Army suffered it’s highest battle casualties (KIA and WIA) in the last two months of 1944, and the first three of 1945. Something like 50K a month, or more, approx 1/3 of which were KIA. (This doesn’t include the USN and USMC).
It seems that after a very short and not very deep crisis, Toronto is entering into another housing boom. It really puzzles me, because it looks like their financial memory was absolutely erased.
Nevertheless, the property which was a subject of a hard bidding war is situated in a great zone, and will probably be able to maintain at least some significant value throughout the 21st century.
Anyway, I would like to ask you, what do you think about overpriced properties in good locations? Do you see it as better bargain than modern condominiums? Or would you just prefer to rent?
Considering rental rates are a small fraction of the cost of buying, rent, then buy later after prices crater for 70% less.
then buy later after prices crater for 70% less.
Interesting. Do you think mango prices will crater 70% now that it’s mango season or do mangos have multi-seasons in a year?
rental rates are a small fraction of the cost of buying,
Really? Do the cities where it’s cheaper to rent have mangos?
Buying A Home Still Beats Renting By 35% In America’s Biggest Cities
http://www.forbes.com/sites/morganbrennan/2013/09/20/buying-a-home-still-beats-renting-by-35-in-americas-biggest-cities/
Despite rising home prices and mortgage rates, it’s still cheaper to buy a home than to rent one in America’s largest cities. A new report from San Francisco, Calif.-based real estate site Trulia finds that, nationally, it’s 35% less expensive to own a home. Even in notoriously pricey, renter-heavy cities like San Francisco and New York, it remains 9% and 21% cheaper, respectively.
“While it’s hard to believe after the recent spike in mortgage rates, it’s still more than one-third cheaper to buy a home than to rent,” says Jed Kolko, chief economist of Trulia. “Recent mortgage rate and home price increases have made buying significantly more expensive than last year, but not enough to tip the math in favor of renting. This is because rates remain well below historical norms, and prices are still slightly undervalued, too.”
Still, the gap between owning and renting is indeed narrowing. Nationally it was 45% cheaper to buy than to rent a year ago, and of the 100 largest metros tracked, all but one (Springfield, Mass.) saw the cost of homeownership move closer toward the cost of renting. While renewed increases in home prices have helped narrow the gap, mortgage rates have had the most impact. Kolko says rising rates accounted for 8 points of the 10-point decrease from last year.
Like other types of RE, you need to do two types of math:
1. The rent vs. own analysis at today’s interest rates (for commercial, the resale analysis at today’s cap rates); and
2. The rent vs. own analysis at today’s interest rates PLUS some factor (2.5%? 3%? to get to a total mortgage rate of 7 or 7.5%) (for commercial, the resale analysis at a more reasonable long term cap rate–a higher yield).
If the math works in both cases, then you are probably in decent shape to buy if the house works for you for the “traditional” timeframe (7-10 years).
However, if it only works for case #1, you need to recognize the very real possibility that higher interest rates will push the value down, and as such, you better have a reasonable expectation that this is a “toetag” home.
The higher priced markets that are “cheaper” to own, like SF, are ONLY that way because of cheap finance. There are other markets that are still cheaper even if rates rise considerably.
The “other” markets are generally safer.
Renting is a small fraction of the cost of owning at current grossly inflated asking prices of resale housing.
Rent now, buy later for 65% less.
Are those taxes ($8k for a $1.6m) accurate for the sales price? Is that the yearly property tax or something else?
NSA busted into Google Cloud based data and celebrated with a smiley face !! Must have been a contractor busy doing this and not de-bugging the Obama care web site.
http://finance.yahoo.com/news/leaked-slide-shows-nsa-celebrated-170008891.html
Palmy, are you in Ruskin? I went mountain biking at Balm Boyette today. It was amazing.
I am stunned by the traffic. There is not a single corner of Florida that doesn’t have an Escalade barreling down the road.
Also, everyone at work is telling me (again) “now is the time to buy!”
I can’t make the math work. Renting is 18% of my takehome.
“Renting is 18% of my takehome.”
I believe the price-rent ratio and price-local income ratio are climbing back into the stratosphere in many areas. Why would you want to strap yourself to a payment above 30% of takehome to live in comparable housing to your rental? Instead why not let your landlord shoulder that extra 12%+ of the carrying costs, plus the risk of capital loss when the echo bubble collapses?
http://www.cnbc.com/id/101152271
From the CNBC comments: “Shiller has clearly lost his mind and I am surprised that he is making these kinds of statements. I am thinking he must have been bought out by the real estate industry.”
If you look at Shiller’s data, his comments are consistent with what the data says. When that same data screamed “Bubble!” people were more than happy to jump on board. Now that it doesn’t scream “Bubble!” (yet), he must be in the pocket of the RE industry…
He has also said before that some markets look “bubbly”, which, incidentally, are the same markets that HBBers point to as evidence of a wider bubble.
If you don’t look at Coastal CA, Shiller’s comments make a lot more sense.
Coastal California is the epicenter of the current housing collapse.
“If you don’t look at Coastal CA, Shiller’s comments make a lot more sense.”
Yeah, I had this thought too, but then I thought about where I currently reside, and while we are able to pay our bills the region’s homes are indeed over-priced by 50%, IMHO.
Are you in a major MSA? Or a smaller market?
“Are you in a major MSA? Or a smaller market?”
Our population is roughly 7,500. Nearest place with real jobs is Moses Lake, WA, which is 30-minutes away.
Nearest place with real jobs is Moses Lake, WA, which is 30-minutes away.
Funny—somehow I was thinking you were _in_ Moses Lake… Guess I got confused somewhere along the line. Quincy, is it?
BTW, this was an interesting debate…
http://www.npr.org/2013/10/17/236380703/debate-should-the-u-s-break-up-big-banks
…here’s what I took away from it: I want Richard Fisher as the Chairman of the Fed over Yellen.
Any chance the Republicans will back Fisher over Yellen?
“Any chance the Republicans will back Fisher over Yellen?”
Fisher is a gentile. Thus, he has the same chance of success that Demi Moore faced against Robert Redford’s “double heads” dollar coin.
They won’t have an opportunity to back Fisher, Yellen is the nominee.
In any event, the real answer is “I don’t know” if they would back Fisher. There are plenty of monied interests who support Republicans too that are all too happy with the continual money printing.
People are getting more complacent the longer QE goes on without inflation ticking up…and that worries me. I’m starting to hear inklings of why things will be OK on the inflation front (the Fed will drain liquidity in time, the weak job market will keep inflation in check, higher monetary velocity over the prior 20 years was the exception, not the rule, etc.).
A wow, the blog certainly is a changing. It’s a reflection of The People, for sure. And, gooberment apologist abound. More-so than ever.
RioAmericanInBrasil wrote, Institutional buyers are snapping up houses at a feverish pace and keeping some potential homeowners out of the market.
Uh yeah. It is noticeable how the market has been flooded with rentals, and many of them sit, and sit, and sit. Like this one I visited last year when they had their ‘Estate Sale’:
- $1900 / 3br - Paradise is now available for rent
http://quadcities.craigslist.org/apa/4160536155.html
Too bad the incomes in the area can’t support that asking price.
There are many just like them. Too many.
Regarding Clarks comment, your comment in particular brought the issue back to attention. After all this, blog is called The Housing Bubble Blog, lets keep it topical, I am sorry to hear in your amercian market their are somehow false advertising property issues. The UK letting and property market is still buoyant and though letting isn’t for everyone, I think their would be a lot of empty houses as people still cannot afford to get mortgages yet. But again it is a catch 22 because property developers who buy old houses are the ones snatching up houses before first time buyers can get there. Houses are staying on the market for longer so now our government have a scheme to help first time buyers become home owners, but there are T&C to be successful in getting into the scheme.
It’s bad enough you realturds lie to the public face to face but to sit around and lie to the world on the internet?
Lowlifes.
Use a metal spatula to lift the warm cookies and place into a cake dish or other glass bowl.
Becca Summers has always loved kitchen décor and She currently
helps run a website that sells a variety of lazy susans.
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