The Housing Bubble

Yet their data they release every week shows overall housing demand groveling down near 1997 levels.

It appears NAR/MBA delivered a very fat envelope to thestreet.com offices last week.

They broke out the bubbly on Wall Street in the stellar months leading up to Black Tuesday in October 1929.

HEEHAW!!! Donkey HEEHAW!!!

30 years worth of mortgage interest invoices would make a cozy wallpaper for your little nest.

Pimping tragedy will never feel like a professional career.

“Living in a rental will never feel like a real home.”

Foreigner- Feels like the First Time - YouTube
http://www.youtube.com/watch?v=qBxbPts5tOk - 113k -

I would climb any mountain
Sail across a stormy sea
If that’s what it takes me Amy
To show you just what you’ve done to me

And I guess it’s just the Realtor in you
That brings out the Beat in me
I know I can’t help myself
So I live in this house for free

It feels like I’m subprime
Feels like I’m really subprime
It feels like I’m subprime
Feels like I’m really subprime

Now that I need a lifeline
Spent my cash so foolishly
But now that I’m three years delinquent
Together we’ll make history

And I know that it must be the Realtor in you
That brings out the victim in me
I know I can’t help myself
You’re all that my eyes can see

And It feels like I’m subprime
Like it never did before
Feels like I’m subprime
Like you’ve opened up the door
Feels like I’m subprime
Like it never will again, never again

Feels like I’m subprime
(It feels like I’m subprime)
It feels like I’m subprime
(Very, very, it feels)
It feels like I’m subprime
(oh it feels like I’m subprime)
It feels like I’m very subprime

Now you’ve opened up the door? Yeah

I’ve lived in rentals since selling a house in 2005. And lived in a rental before owning. The ownership or lack of has never affected my enjoyment of my homes. I do like the ALL the money I have saved ($1500 per month) by renting instead of owning for the past ten years. ~ $200K in cash puts a nice spring in one’s step let me tell you.

Of the 1%, by the 1%, for the 1%

Whatever happened to the working man.

“its been a great recovery for the rich”
And the savers. My 401k plan started on January 1 2009 has a balance of just over $536,000, although I also moved $100,000 from an IRA into it a couple years ago. 130% gains, excluding my contributions and company contributions since January 2009.

Total IRA and 401k balances today are above $856,000. 25 years of savings.

I must be a 1%er then.

This diatribe against so-called 1%ers is all cow pie.

Why the Slowdown in U.S. Housing?

Feb. 12 (Bloomberg) — Miller Samuel President and CEO Jonathan Miller discusses U.S. housing on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg)

Australia’s housing bubble ready to burst, US investment guru claims
House prices set to plummet by up to 50% as ‘demographic crisis’ and falling Chinese demand looms
Martin Farrer
theguardian.com, Thursday 13 February 2014 16.10 EST

U.S. Housing Market Hits Headwinds
Pending Sales Slide as Cold Weather, Rising Prices Dent Demand
By Nick Timiraos and Kris Hudson
Updated Jan. 30, 2014 2:44 p.m. ET

The housing market, already showing signs of slowing after a big jump in mortgage rates last summer, cooled further at the end of last year, according to economic reports and the latest quarterly results from several big home builders.

An index measuring contracts to buy existing homes fell 8.7% in December from November to its lowest level in more than two years, according to the National Association of Realtors. Pending sales stood 8.8% below the year-earlier level.

Meanwhile, housing construction’s contribution to gross domestic product, the broadest measure of goods and services produced across the economy, declined during the fourth quarter, subtracting one-third of a percentage point from economic growth. That was the first such decline in more than three years, according to the Commerce Department report.

Some economists blamed the dip in sales and construction on cold winter weather. “The drop was inconsistent with the fundamentals, and you’ll see a snapback in the current quarter,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank.

But others aren’t so sure and are questioning whether the recent pullback will be temporary or the beginning of slower growth. “Weather was a contributing factor but not the only thing here, especially in the West,” where contract activity dropped 16% from a year earlier, said Stan Humphries, chief economist at Zillow Inc.
…

US pending home sales in sharp fall
31 Jan, 2014 3:31 AM

A barometer of future home sales fell sharply in December, as cold weather and rising prices dampened demand in a fresh sign of weakness in the United States’ housing recovery.

The National Association of Realtors said its seasonally adjusted index of pending sales of existing homes fell to 92.4 in December, down 8.7 per cent from a downwardly revised 101.2 in November. A value of 100 is equal to the level of activity in 2001, the starting point for the index.

Economists surveyed by Dow Jones Newswires had predicted a 0.8 per cent decline in the index.

The index is a leading indicator of demand because it counts sales as contracts are signed, about one or two months before they typically close. It hit a six-year high in May and has fallen for seven straight months.

The index was down 8.8 per cent in December from a year earlier. It was at its lowest level in December since October 2011, when the index stood at 92.2.

“Unusually disruptive weather across large stretches of the country in December forced people indoors and prevented some buyers from looking at homes or making offers,” said Lawrence Yun, chief economist at the National Association of Realtors, in a statement.

“Home prices rising faster than income is also giving pause to some potential buyers, while at the same time a lack of inventory means insufficient choice.”
…

Has the U.S. Housing Market Peaked?

Feb. 6 (Bloomberg) — Bank of America Merrill Lynch Senior U.S. Economist Michelle Meyer discusses U.S. housing on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg)

Seems like the only way to grow the economy is by growing asset bubbles. No one wants to tackle the real problems. Printing money is the easy way out. We really need a leader today. someone who can look out long term rather than just doing whats good to get elected.

“In 2013, we were very bullish on subprime,” said Anup Agarwal, head of mortgage-backed and structured products at Pasadena, California-based Western Asset Management.

These suits are bullish when the fed provides the guarantees, but the reality is that these greedy usurers are looting their host country.

“About 32 percent of seriously delinquent borrowers, those at least 90 days late, haven’t made a payment in more than four years, up 7 percent from the beginning of 2012, according to Fitch analyst Sean Nelson.”

Defaulters rule, repayers drool.

This robot-like devotion is strange indeed.

Do we get a medal ?

Sounds like the fix was in by NBC who needs some ratings.

I have watched none of the Olympics and don’t plan to.

I might if it was about the sports rather than social engineering.

NBC and Bob Costas can stick it.

“…includes a doorman/concierge…”

Oh gawd dammit, Martha where’s my checkbook? Now!!

There is no shortage of land around Toronto. Hundred of miles of land.

“They’re not making any more Toronto”

But they are making 300 acre cities with a mosque that has a steeple on it.

U.S. Army Builds ‘Fake City’ in Virginia to Practice Military Occupation

Martial law training? 300 acre town includes sports stadium, school, underground subway

Paul Joseph Watson
Infowars.com
February 14, 2014

The U.S. Army has built a 300 acre ‘fake city’ complete with a sports stadium, bank, school, and an underground subway in order to train for unspecified future combat scenarios.

The recently opened site is located in Virginia and was built at a cost of $96 million dollars, taking just two years to complete.

While the city was ostensibly built to prepare U.S. troops for the occupation of cities abroad, some will undoubtedly fear that the real intention could be closer to home. Although the site includes a mosque, the town looks American in every other way, with signs in English.

The fact that, as the Telegraph reports, “The subway carriages even carry the same logo as the carriages in Washington DC,” could suggest that the site was built to double both as a foreign city and a mock domestic town.

According to Colonel John P. Petkosek, “This is the place where we can be creative, where we can come up with solutions for problems that we don’t even know we have yet….This is where we’ll look at solutions for the future–material solutions and non-material solutions…anything from how you’re going to operate in a subterranean environment to how you dismount a Humvee to avoid an IED strike.”

The increasing demonization of domestic political groups as extremists has prompted numerous scenarios where commentators have suggested that U.S. Army and National Guard personnel could be needed to quell civil unrest.

In 2012, an academic study about the future use of the military as a peacekeeping force within the United States written by a retired Army Colonel depicted a shocking scenario in which the U.S. Army is used to restore order to a town that has been seized by Tea Party “insurrectionists”.

The study dovetailed with a leaked U.S. Army manual which revealed plans for the military to carry out “Civil Disturbance Operations” during which troops would be used domestically to quell riots, confiscate firearms and even kill Americans on U.S. soil during mass civil unrest.

The manual also describes how prisoners will be processed through temporary internment camps under the guidance of U.S. Army FM 3-19.40 Internment/Resettlement Operations, which outlines how internees would be “re-educated” into developing an “appreciation of U.S. policies” while detained in prison camps inside the United States.

Fort Hood soldiers are also being taught by their superiors that Christians, Tea Party supporters and anti-abortion activists represent a radical terror threat, mirroring rhetoric backed by the Department of Homeland Security which frames “liberty lovers” as domestic extremists.

Last year, former Navy SEAL Ben Smith warned that the Obama administration is asking top brass in the military if they would be comfortable with disarming U.S. citizens, a litmus test that includes gauging whether they would be prepared to order NCOs to fire on Americans.

During a recent Ohio National Guard exercise, second amendment proponents were portrayed as domestic terrorists as part of a mock disaster drill.

Infowars.com
February 15, 2014

A mock small town Christian steeple sits among the martial law training infrastructure.

The federal government has been in a big hurry to build a 300 acre city in just 2 years at an expense of $96 million in taxpayer funds in order to train the military “for problems we don’t even know we have yet.” If you’ve been following Infowars, you’ve seen us document over and over again what they’re training for with a detailed American city like this: martial law within this nation.

And now, The Telegraph is confirming the construction of this small town military simulation that will be used to train troops for combat against the American people.

Unlike the urban training centers we’ve seen before where the buildings are just empty concrete block structures or even plywood facades, this town is very detailed with glass windows, handicap parking signs, speed limit signs, logos on the subway that match the DC metro, and even a small town steeple (that was originally claimed to be a mosque). They’ve made it clear in manual after manual, scenario after scenario that they perceive the enemy as gun owners, limited government conservatives, libertarians and Christians.

When ACA costs force you to downsize you lose your waiver and your ACA costs go up. A real lose/lose

ObamaCare also is causing the big slowdown in the housing industry.

Or has no one noticed? Seems so, as no one reports the correlation.

Tens of millions paying significantly more for worsening healthcare and healthcare coverage.

Nah, ObamaCare has nothing to do with the slowdown in housing.

Or in retail sales, for that matter.

“as long as it isn’t because of ObamaCare, a business can lay off as many people as it wants.”

Love this! In other words, all layoffs are the fault of the private sector.

Viva ObamaCare! Viva Che Obama!

This is a huge win!

Seems like the Chattanoogan populace has seen what happened to Detroit and Cleveland and decided to just say no.

Good for them and their community.

The labor participation rate of oldsters has been going up, not down.

Supply and demand, baby. Human beings are a dime-a-dozen commodity and are being paid as such, even right here in the USA. But those of us who propose incentives to refrain from reproducing, instead of the incentives to reproduce that are built into our tax code and societal mores, still are looked upon as ogres.

We are at 7 billion and forecast to be 10 billion by 2050. Excess capacity in the human labor pool is growing exponentially yet people still believe there is a magical way to make it more valuable.. it’s quite irrational. We have bred ourselves into a serf class.

Yup.

And this is money quote:
“…sad fact is, every human being born in the past 40 years and in the future is not entitled to, nor likely to achieve, the standard of living a few million lucky Americans enjoyed in the latter 20th century.”

World population to peak by 2055
Published: Monday, 9 Sep 2013 | Kiran Moodley | Assistant Producer, CNBC.com

The world population will peak at 8.7 billion people in 2055 and then decline to 8 billion by 2100, according to new research by Deutsche Bank.

“The world is approaching a major turning point in its demographic trajectory and we think that the shift is likely to be sooner and sharper than mainstream projections suggest,” said Deutsche’s global strategist, Sanjeev Sanyal.

That said, I do believe corporations and the wealthy should pay vastly more than they do in taxes and wages

In the end, it is always PEOPLE that pay taxes.

The fallacy of the corporate tax is that it really a tax on the shareholders. So having a corporate tax at all is really just another way of saying that a little old lady with ten shares of IBM should be taxes the same on her share of the corporate earnings as the corporate CEO who has millions of shares. It is flat-out ridiculous when you think about it, unless you are a flat-taxer.

In reality, all corporations should be treated like LLCs for tax purposes: the income flows through, and each shareholder reports their share of both the income and the deductions.

This would allow us to require that the billionaires pay their fare share for a change.

“They seem to understand reality better than the union and Democrats and that $17 per hour jobs in Tennessee are better than $10 per day jobs in Mexico.”

Very well said. It’s interesting that most pro-union people are also anti-offshoring. Many fail to realize you can’t have both simultaneously. If you have unions, jobs will be offshored - or companies will go out of business.

Either way, the jobs disappear.

Chattanoogans appear to understand this, and voted in their own best interest. Which is anti-union.

Poster said it better than I could have.

the poster is clueless.

As others have pointed out, the post-war middle-class prosperity blip in the United States was the result of geopolitical circumstances unlikely to repeat.

a myth promulgated by the left. prosperity wasn’t because of ‘geopolitical circumstances’.

Second, the global and US populations have burgeoned significantly since then, while productivity has made labor worth far less.

he’s clueless. he’s trying to say that increased production has made ‘things’ abundant and therefore worth less, and so labor becomes worth less. he has it backwards. he simply doesn’t understand economics. it works just the opposite way he thinks.

Human beings are a dime-a-dozen commodity

not ones with skills.

But those of us who propose incentives to refrain from reproducing, instead of the incentives to reproduce that are built into our tax code and societal mores, still are looked upon as ogres.

he must think a tribe of indians could have built a moon rocket.

the more people there are, the more great things can be done. that is, if they work. if people don’t work, it won’t matter what the population is, the economy will grind to halt. he doesn’t know what the population limit is, he just wants us to think he knows.

he SHOULD be looked on as an ogre.

Excess capacity in the human labor pool is growing exponentially yet people still believe there is a magical way to make it more valuable.. it’s quite irrational.

it’s irrational to him because he doesn’t understand how labor becomes valuable.

We have bred ourselves into a serf class.

no, we’ve taxed and regulated ourselves into a serf class.

10 billion people will be competing for the bare basics of food and shelter, not upward mobility or career satisfaction.

the problem is that government has ended the competition for a large swath of people. now those people are becoming a drag on the economy.

That said, I do believe corporations and the wealthy should pay vastly more than they do in taxes and wages

of course he does. he’s not one of them. he’s a likely recipient. he’s a big government boy.

I’ve nothing against trying to equalize the burden but the sad fact is, every human being born in the past 40 years and in the future is not entitled to, nor likely to achieve, the standard of living a few million lucky Americans enjoyed in the latter 20th century.

not with people like him running the show they won’t. he basks in his own immorality, and shows it off as intellectualism. he’s a dumbbell. he wants to take what others have earned. he thinks it’s justified. what he wants will just make everything worse than it already is.

Another 50 year democrat controlled city that has insane public unions and has instituted every liberal utopian regulation ever dreamed…

See Detroit, Cleveland, Philly, Newark, Chicago, Buffalo for other examples…

Hope and Change

Photogallery of junkies and street life in Hunts Point, South Bronx:

http://www.flickr.com/photos/arnade/sets/72157627894114489/

Homeless college students seek shelter during breaks

By Blake Ellis @blakeellis3 December 10, 2013: 3:49 AM ET

NEW YORK (CNNMoney)
They may have dorm rooms to sleep in during the school year, but many college students are technically homeless — with no place to call home when classes aren’t in session.

Jessie McCormick, a senior at Aquinas College in Grand Rapids, Mich., has been homeless since running away right before her senior year of high school. Financial aid covers about 85% of her tuition and housing, and odd jobs that pay minimum wage, like helping out at the bookstore and setting up special events, pay for the rest.

McCormick was shocked to learn, however, that her housing isn’t covered during campus breaks. Instead, she must pay a fee of $12 to $24 a night (depending how far in advance the request is made), which she can’t always afford. Over Christmas, the school shuts down completely and no one can stay on campus — not even for a fee.

http://money.cnn.com/2013/12/10/pf/college/homeless-college-students/ - 63k -

Patience, Mr. Howe.

Never fear, Big Government is here! The government cavalry is on its way, with food stamps and ObamaCare in hand!

A shame you don’t have a job. You’d have a job, if it weren’t for the private sector.

“Name: Aaron Howe”

No gaunt look yet, e.g., phat face.

Government Lays Groundwork To Confiscate Your 401k and IRA: “This Is Happening”

Mac Slavo
SHTFplan.com
February 14, 2014

This morning Reuters obtained a leaked proposal disclosing that European Union officials are looking for new and innovative ways to fund their immense debt levels.

As noted by Zero Hedge, they’re no longer turning exclusively to central bankers to simply print more money as needed. Because last year’s bank bail-in forcing the confiscation of funds from average depositors in Cyprus worked so well, EU regulators and bankers have determined that they’ll use a similar method to fund their future endeavors.

In a nutshell, and in Reuters’ own words, “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.”

The solution? “The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.”

Mobilize, once again, is a more palatable word than, say, confiscate.

This is what happens when governments run out of money.

But if you think this is limited to just Europe, then consider the words of President Barack Obama in his recent State of the Union address.

For all intents and purposes, a similar groundwork is being laid right here in America.

They’ve already taken over the health care industry… why not nationalize our retirement savings while they’re at it?

(Reprinted with permission from Sovereign Man. You can read the full analysis here.)

This is basically the offer that the President of the United States floated last night.

And like an unctuously overgeled used car salesman, he actually pitched Americans on loaning their retirement savings to the US government with a straight face, guaranteeing “a decent return with no risk of losing what you put in. . .”

This is his new “MyRA” program. And the aim is simple– dupe unwitting Americans to plow their retirement savings into the US government’s shrinking coffers.

We’ve been talking about this for years. I have personally written since 2009 that the US government would one day push US citizens into the ‘safety and security’ of US Treasuries.

Back in 2009, almost everyone else thought I was nuts for even suggesting something so sacrilegious about the US government and financial system.

But the day has arrived. And POTUS stated almost VERBATIM what I have been writing for years.

The government is flat broke. Even by their own assessment, the US government’s “net worth” is NEGATIVE 16 trillion. That’s as of the end of 2012 (the 2013 numbers aren’t out yet). But the trend is actually worsening.

In 2009, the government’s net worth was negative $11.45 trillion. By 2010, it had dropped to minus $13.47 trillion. By 2011, minus $14.78 trillion. And by 2012, minus $16.1 trillion.

Here’s the thing: according to the IRS, there is well over $5 trillion in US individual retirement accounts. For a government as bankrupt as Uncle Sam is, $5 trillion is irresistible.

They need that money. They need YOUR money. And this MyRA program is the critical first step to corralling your hard earned retirement funds.

At our event here in Chile last year, Jim Rogers nailed this right on the head when he and Ron Paul told our audience that the government would try to take your retirement funds:

I don’t know how much more clear I can be: this is happening. This is exactly what bankrupt governments do. And it’s time to give serious, serious consideration to shipping your retirement funds overseas before they take yours.

As former Congressman Ron Paul notes, the government will stop at nothing.

“They’ll use force and they’ll use intimidation and they’ll use guns, because you can’t challenge the State and you can’t challenge the State’s so-called right to control the money,” warns Paul. “It’s already indicated that they will confiscate funds and they will [confiscate] pension funds.”

This didn’t just happen over night. The move to make this reality has been going on for quite some time. The first time it was mentioned publicly in any official capacity was at a 2010 Congressional hearing:

Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more “fairly” distribute taxpayer-funded pensions to everyone.

Sen. Tom Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee heard from hand-picked witnesses advocating the infamous “Guaranteed Retirement Account” (GRA) authored by Theresa Guilarducci.

In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a “fair” pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending.

You’d think that such an idea would be immediately dismissed by the American public, but it has only gained steam since, as evidenced by a 2012 hearing held at the U.S. Labor Department:

The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.

“This hearing was set up to explore why Americans are not saving as much for their retirement as they could,” explains National Seniors Council National Director Robert Crone, “However, it is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up.”

…Such “reforms” would effectively end private retirement accounts in America, Crone warns.

A few years ago the government of the United States of America nationalized nearly 1/6th of our economy when they took over the health care system with forced mandates. In the process they essentially took control of $1.6 trillion in yearly industry revenues.

But that’s nothing compared to private savings. The total amount of retirement assets in America, including 401k, IRA and savings accounts is around $21 trillion. With our national debt coincidentally approaching the same, the government sees big money and potentially a way out of our country’s fiscal disaster.

This will start voluntarily with the MyRA and other state-sponsored programs. But when not enough Americans are making it their patriotic duty to turn over their funds to their government, they’ll mandate compliance with the stroke of a pen just as they did with thePatient Affordable Care Act.

And just like Obamacare it will be enforced by the barrel of a gun. Failure to comply will mean confiscation without recourse and prison time.

All they need now is a trigger.

And that trigger will likely come in the form of another stock market collapse. Wipe out Americans’ in a stock market crash and scare the heck out of them with more economic bad news, and millions of our countrymen will be all too willing to hand it over to Uncle Sam. Panic is a powerful motivator and what better way to get people on board than by threatening them with squalor and destitution in their old age if they don’t go along with it?

Government officials have been actively working to make this a reality for years. The Europeans are doing the same.

You can put your head in the sand or cover your ears and pretend this is not happening, but that won’t change the outcome.

They will take everything they can get their hands on.

Tags: domestic news, police state

“If you pass laws that people have no respect for and they don’t follow them, then you have a real problem.”

Untold Thousands Flout Gun Registration Law

February 10, 2014|
Dan Haar

Everyone knew there would be some gun owners flouting the law that legislators hurriedly passed last April, requiring residents to register all military-style rifles with state police by Dec. 31.

But few thought the figures would be this bad.

By the end of 2013, state police had received 47,916 applications for assault weapons certificates, Lt. Paul Vance said. An additional 2,100 that were incomplete could still come in.

That 50,000 figure could be as little as 15 percent of the rifles classified as assault weapons owned by Connecticut residents, according to estimates by people in the industry, including the Newtown-based National Shooting Sports Foundation. No one has anything close to definitive figures, but the most conservative estimates place the number of unregistered assault weapons well above 50,000, and perhaps as high as 350,000.

And that means as of Jan. 1, Connecticut has very likely created tens of thousands of newly minted criminals — perhaps 100,000 people, almost certainly at least 20,000 — who have broken no other laws. By owning unregistered guns defined as assault weapons, all of them are committing Class D felonies.

“I honestly thought from my own standpoint that the vast majority would register,” said Sen. Tony Guglielmo, R-Stafford, the ranking GOP senator on the legislature’s public safety committee. “If you pass laws that people have no respect for and they don’t follow them, then you have a real problem.”

The problem could explode if Connecticut officials decide to compare the list of people who underwent background checks to buy military-style rifles in the past, to the list of those who registered in 2013. Do they still own those guns? The state might want to know.

“A lot of it is just a question to ask, and I think the firearms unit would be looking at it,” said Mike Lawlor, the state’s top official in criminal justice. “They could send them a letter.”

An aggressive hunt isn’t going to happen, Lawlor said, but even the idea of letters is a scary thought considering thousands of people are now in an uncomfortable position. At the least, the legislature should reopen the registration period this year with an outreach campaign designed to boost the numbers.

It could be a tough sell. On Thursday night, Guglielmo heard from a constituent at a meeting in Ashford, who said most of his friends with military-style rifles such as AR-15s had not come forward.

“He made the analogy to prohibition,” Guglielmo said. “I said, ‘You’re talking about civil disobedience, and he said ‘Yes.’ ”

But it’s not just refusers. A reopened registration would help many who failed to come forward out of ignorance.

“There are a lot of people, they just do not know about this law,” said Scott Wilson, president of the 12,000-member Connecticut Citizens Defense League, a Second Amendment advocacy group. “There are people finding out now after the fact.”

The law was widely covered in the media and Wilson said his group sent information to its members. But gun owners can be an independent bunch.

Guglielmo, who voted against the sweeping gun control bill, said he intends to raise the concern at the next meeting of the public safety committee. Lawlor said Gov. Dannel P. Malloy’s administration is willing to talk about solutions.

Do you have any idea what percent of Realtor®s DON’T have a criminal history?