The Housing Bubble

I just mean that FL has a large %. it is one of the dumping grounds of refuse from up here.

I do not think that the refuse is moving to FL from Maryland . I think the refuse is staying put and enjoying the benefits from a generous welfare state. Only if you describe working class people with working class retirements as refuse can you make that statement.

refuse are

Under Joe’s definition about 98% of the American population would have to be refuse.

Agree. The “olds” and “poors” terminology is starting to creep into his posts again.

That said, $170K sounds a little high for Florida. Not enough job base and way too much inventory to support those prices.

“my parents are reptiles, so they fit in with the cultural conservative streak down there. and my dad is from NM originally so pretty much anything looks good to him.”

I am not a shrink but I play one on the housing bubble blog. I think this statement says it all. There are some serious parental issues here. Dislikes his parents, so hates all boomers and holds them in contempt and believes he is much more sophisticated and deserving of elite status. Thus, if you know what his parents are for, you know what he is against. Now, I know why my handle ABQDan set him off, his father probably likes NM, thus NM is to be despised.

You’re over-thinking it. Joe couldn’t break 163 on the LSAT…

I love my parents, I find the reptile thing endearing. Unlike others here, I do not take anything personally, nor do I dislike any of the posters here who push the Republican or Democratic party lines. There’s a difference between finding the stupidity of both parties comical and disliking people.

My dad hasn’t been back to NM in a very long time, like decades. He was really determined to work hard and get out of there, I don’t know much more than that, his parents passed away when I was little. He bought into the whole boomer “make it big” thing, where you need multiple millions and lots of assets to not be some schlub. A lot of the lessons I learned from that POV have been useful in life.

I love my parents, I find the reptile thing endearing.

If you say so, who am I to argue. But I could only imagine someone in the series V refer to their parents as reptiles and mean it in an endearing way.

How can anyone live among people without any pedigree? I would never live among Jewish people from Jersey. They are a bunch of doofuses with liberal arts degrees. But of course the degree is not from Princeton. Have you seen how these people dress up? They wear tan KHAKIS and manufacturing-made shirts. I swear I almost fell to the ground laughing when I saw that. I would not recommend that you speak to a person who does not appear on the social register.

I’m from a Jewish father. I’ll give the Jews credit for giving their kids the appreciation of education. Granted, some very successful Jews are obnoxious (as non-Jews), and religion to me (any flavor) is superstition.

The liberal arts degree comes in handy if you’re going to write. Ray Bradbury had a liberal arts education, and so did “Maggie” his wife.

For the true talented, think Phil Rosenthal or Tony Thomas (Danny Thomas’s son) its what they do. Create.

My EE husband loves all different flavors as well. Tolerance people, tolerance.

Inch ,humor people, humor, SUGUY, or is it SUGOY with that post, was doing a sarcastic imitation of Joe. He was not trying to put down any group of people.

Given the amount of money that kids are putting out for college these days, IMO they ought to double major. Pick one STEM and one lib arts. It’s worth an extra year of tuition to finish two degrees.

Just pointing out the reality that in FL, things get “messy” when you get away from water. This isn’t controversial or mean, it’s reality.

in FL, things get “messy” when you get away from water

As does Baltimore.

Are the “Swamp People” the new aristocracy?

HA.

Laughable? Whats laughable is you really have no idea what your housing costs are going to be when you grow up.

Tell me. What are your housing costs going to be in 5yrs? 10 yrs?

Mine are locked in and the farther out you go, the cheaper those dollars will be.

Respectfully.
BH

Rental shelter costs are lower today. A lot lower. And in fact they’re falling.

Don’t forget to count your losses on the 250% premium you overpaid.

But you’ve got over $500k into that thing, right? What’s the opportunity cost on that money? I’d rather have that $500k working for me, and pay rent.

” $500k into that thing…”

This is why Californians are the poorest people in the country. I could live on the boat for at least 200 years for that much money. I don’t have granite countertops though.

“A paid off home is vital as we age. ”

I beg to differ. $650 per month taxes and insurance? You left out maintenance.

I’m in a very nice apartment in Orange County for $1350 per month AND my income from my bonds is over $1,000 per month.

Both you and I are making payments regularly. Say when you get older you forget to pay property taxes? Lien. Your home is gone. If I forget to pay rent I will eventually be booted out. But you pay rent to the government. I pay rent to the owner of the apartments. There is very little difference between the ceiling over my head and the ceiling over your head. But I know if I get tired of this place or it goes slum, I can move elsewhere at the end of my lease - even break my lease with a one month break-lease penalty.

Howz ‘at?

Besides, my rent payment is automatic and internet-based. I have no worries. I see income from my bonds coming in and I see rent payment going out. net affect is very small.

“Say when you get older you forget to pay property taxes? Lien. Your home is gone.”

Taxes and insurance are now all handled by the loan servicing company. Unless they screw up, your property taxes will be paid automatically.

Taxes and insurance are now all handled by the loan servicing company. Unless they screw up, your property taxes will be paid automatically.

Not if you don’t escrow (I don’t). And not if you’re mortgage is paid off. Oh, and, there have been cases of the servicing companies screwing up (which is why I chose not to escrow).

Sorry Jose, but I do have one more post but it does tie globalization to global warming. To me it is the smoking gun that basically AGW is just being used to redistribute income. It is “bad science” or maybe bad religion.

dan, most sane people have caught on to the fact that global warming is a freakin’ globalist scam, except those who are going to profit from the scam in some way, or those who want to people to wrestle with them.

I just LOL when there’s all this heavy breathing about “The Greenland Ice Sheeit”. Especially since I’m in the midst of a book on the settlement of Greenland during the little Warm Age, (I think it was from 800AD to 1100AD, and the settlements died out by 1300).

dan, most sane people have caught on to the fact that global warming is a freakin’ globalist scam, except those who are going to profit from the scam in some way, or those who want to people to wrestle with them.

Jose, I am sick of the subject too and just want to wait to we have a few more years data. However, it is the Obama administration playbook to push this issue this year to avoid taking a drumming at the polls. I promise that I will not post any global warming posts if no one else does the same. I would love that, but I cannot agree to unilateral disarmament if other people are trying to mislead.

global warming is a freakin’ globalist scam, except those who are going to profit from the scam in some way, or those who want to people to wrestle with them.

That’s the tooth, tooth.

If tpb were really worried about the future of humanity, they would have done something about protecting earth from asteroids or meteors. 2 degree warmer is not a global killer, 2 km wide asteroid is.

I promise that I will not post any global warming posts if no one else does the same.

From what I can tell, nobody else writes AGW posts. Other posters genearally just reply to you. So if you stop posting, they will automatically stop replying.

That has not been the case Oxide, except for today, I have been very careful about not being the first person to post on global warming to avoid criticism. Usually it is Goon or Rio that posts first, although I admit that once its ‘on” I will sometimes post two or three posts for everyone promoting AGW.

For example, yesterday Real Journalist A.K.A Goon posted at 6:23:52 and I did not post a response until 7:33:54. I have been using him as foil and waiting for him to post. However, recently Rio following the Democrats meme has posted on the subject giving me an additional reason to post.

Sorry a-dan, that won’t answer. The Squad posts on the AGW topic not because he’s interested in initiating the conversation himself, but precisely because he knows it will flush YOU out. It’s a delayed reply, so to speak. He does the same to other posters as well. Union goon posts for Banana, NSA/Feinstein posts for the conservatives, Re-al-TOR posts for the housing pimp, TARP-and-Yellen posts for the Prof, and Obamacare posts for almost everyone else. I don’t think his tongue has left his cheek in the past 18 months.

I suppose you could always experiment by NOT posting on AGW for a time and see if anyone else takes up the baton.

The Squad posts on the AGW topic not because he’s interested in initiating the conversation himself, but precisely because he knows it will flush YOU out.

No, I think Goon has a genuine interest in the environment as I do. I have made financial sacrifices as an attorney by not to represent true polluters. However, Goon and I do disagree on AGW and I do not believe it is a contrived dispute.

by not representing true polluters and being a government regulator for a while.

And if you think the pubs are going to repeal it IF (and it’s still a big IF) they get in office, think again.

I do have my doubts on that for two reasons:

1. Many of the corporate pubs like the fact that is taking the burden of providing health care off businesses and placing it on the taxpayers.

2. Prior to the ACA, the healthcare issue was a consistent winner for the Democrats, now it is an anvil around their necks. Just like while Obama could have easily passed shamnesty his first two years, he wanted it as an issue in the 2010 election to get out the Hispanic vote, unfortunately for him it did not work that year but did help him in 2012.

Of course, if we could elect someone that was not in globalist camp:

http://dailycaller.com/2014/03/19/rand-paul-gets-standing-ovation-at-berkeley-your-right-to-privacy-is-under-assault/

Don’t kid yourself about Rand Paul. He’s already been down to Texas to kiss the butt of Jorge Pee Bush.

You may be right. However, I think we both have to not let the perfect be the enemy of the good. I have to believe that a Cruz or Rand presidency would be far better than a Bush or Clinton presidency.

Meh! I gave up on the Republican Party. Ron Paul is now a voluntaryist and I think he is glad he no longer sanctions the system that puts the jackals in power.

In calculus the saying is “for every epsilon > 0 you give me I can find a delta > 0 such that the function of delta will be another point between the function of 0 and the function of epsilon.” Well Republicans are certainly far better than Democrats. But my perspective, Republicans are a bunch of worthless jackals.

OK fine so don’t vote for him next time he comes up for re-election.

I’m not defending Roberts, I just don’t want to see any of the pressure taken off the dems for what they have imposed on us.

Here’s the thing: you and I demonstrate the split in the Republican party. You must know it’s going to be JEB! 2016. I’d sooner vote for Hillary than that hack, who is more likely to give us a shamnasty than Hillary is. I’ll probably vote third party, though, assuming there’s anyone worth a crap. And any time any pub solicits my vote, I’m mentioning Roberts name WHY I’m not voting for their candidate.

Let all the pubs throw their money to Karl Rove, for all I care.

Eh, not such a big split. I’m none too impressed with most of the names being thrown around for 2016. I might be willing to hear a bit more from Rand before passing judgment, but Jeb isn’t getting my vote. Cruz has balls but the irony factor involved with his Canadian birth will be too big for the media to ignore, and I’m not big on tea party cultural issues. Of all the reasons I have for not voting for a mainstream GOP candidate in 2016, the ACA is not one of them though.

Senator Jeff Sessions. Period. Of course, he’d be maligned as a SWM. That it’s come to this in the US disgusts me no end.

No. I gotta work. But lunch sounds good there.

Parking can be a problem so don’t wait too late.

They will reach their audience but I don’t think they will be paid as much per eyeball.

Why not?

Over the air transmission of sports never was as profitable to stations as placing sports on cable or satellite. Thus, if we go full circle back to that type of transmission, I think that the broadcasters will not be willing to pay as much to broadcast.

“Neilson relentlessly tried to reach in last couple of months.”

Glad you clarified that, I thought Lola had taken a position with them.

Where is Señor Anklepants today?

‘Senior Carlyle professionals have injected $66.9 million and their firm has poured another $21.1 million into Urbplan Desenvolvimento Urbano SA, a real-estate developer that’s been hit with hundreds of lawsuits, in part for failing to complete home sites across Brazil, according to court and regulatory filings. Urbplan needs as much as $200 million to carry out Carlyle’s turnaround plan after an overly ambitious expansion left it with $305 million of high-cost debt.’

‘Construction became paralyzed and some customers stopped making payments on their lots, said Mirian Abe, an analyst in the Sao Paulo office of Fitch Ratings. As of November, 26 percent of customer receivables that Urbplan had packaged into securities were more than 90 days overdue, while some 17 percent were more than 180 days late, Fitch said.’

‘The market has now begun to cool. Homebuilders, suffering from rising costs, delays in deliveries of new homes, and a sluggish economy, are reducing the number of new developments they take on, a sign that the market is going to slow down, Abe said.’

Drudge had an article about someone in China who was arrested because he claimed he had a bomb in his rectum. I wonder if there is a link? After all he is not too particular about what he puts in his rectum.

http://www.brics-info.org/brazil-housing-bubble-fears-as-economy-teeters/

http://riotimesonline.com/brazil-news/rio-daily/brazil-trade-deficit-hits-all-time-low/

Funny article sounds more like my description of Brazil than Rio’s propaganda. I do not claim to live in Rio but I am close to the Rio Grande or Rio Bravo. BTW, this is an English translation and it is funny how they say the deficit hit an all time low when they actually mean the deficit hit an all time high. It is only low in the sense, it is bad.

Excerpt:

During the month of February, Brazilian exports to the European Union fell 20.5 percent compared to the same period in 2013. In comparison to last year, outgoing goods and services dipped to Africa by 18.2 percent, 13.1 percent with the Middle East, and by 11.1 percent with the South American Trade bloc Mercosur, sales alone to Argentina fell by 18 percent in sectors such as manufacturing and raw materials.

A spokesman from the ministry said, Brazilian purchases in oil and gas were the single biggest import category and increased a little more that ten percent from last year. Experts suggest that Brazilian oil companies are unable to produce enough fuel to meet their own countries demand, leaving companies forced to import.

“…but Estrada is incredibly inept at oral argument, he was absolutely destroyed. Aereo’s counsel was about 100x more effective.”

Showmanship and $2,500 suits should not matter in the high court as the justices are expected to decide what is just and right for the United States.

When my uncle (who became a lawyer after I did) had his first court appearance, he told me later that he completely screwed up the oral argument. He was very upset. I asked him if his brief was perfect. He admitted it was. I told him to stop worrying and that the administrative law judge would take the decision nearly word for word from his brief. And that is exactly what happened. Nothing from the oral argument was included. Oral arguments are for journalists and the public, not judges.

The cable co’s have a decent legal position…

To be fair, it seems to me that poor Mr. Estrada is in a tough spot.

My understanding is that the Cable Co’s argument can be summed up as, “the length of the cable from the antenna to the TV is what constitutes infringement”

Aereo takes over-the-air, free-to-the-public broadcasts (transmitted on the public’s radio spectrum) and feeds it to subscribers via the internet. Not only that, but in a real nod to the absurdity of copyright law in the digital age, they set up an individual antenna for each subscriber!

As far as I can tell, it’s no different than your neighbor who lives on a hill charging you monthly for planting an antenna for you.

Where’s the infringement?

Aereo has the networks crapping their pants.

They just got shutdown in the Rocky Mountain West.

“The goals of some were to end segregation, Others were opposed the war in Vietnam or in favor of environmental protection.”

MLK melded the integration/war opposition factions. So you had both factions helping each other out. Smart move.

When MLK moved from race issues to class, he was shot but I am sure it was just a coincidence.

But Romney is so…….

“There are many ways to looks the forces in politics. One is the alliance of neocons and so-called progressives. What have necon McCain and Obama agreed on? Drones, NSA spying, the NDAA, Syria, Libya, amnesty, to name a few.”

OK, but a lasting alliance? Politics does make for strange bedfellows and the things you listed (drones, spying, etc..) prove it once again. But that alliance will live only while everyone’s favorite democrat is in the office. After that, new alliances will form. Saying “neocon = progressives” over and over is not only annoying, it’s incorrect in the big picture.

Building the fence wont fix the problem, so no point in making it. It’s like telling someone to drink gatorade to fix their chest wound.. you know because protection against electrolyte loss from the gushing blood.

And we’ve been correctly the record for you for just as long.

25 million excess, empty and defaulted houses, 4.4 million of which are in CA are still sitting in legal limbo.

Perhaps you should actually read the Bloomberg piece:

“New Jersey has surpassed Florida in having the highest share of residential mortgages that are seriously delinquent or in foreclosure, with New York third, a Mortgage Bankers Association report showed last week. By contrast, hard-hit areas such as Arizona and California have some of the lowest levels of soured loans after allowing banks to quickly foreclose after the 2007 property crash.”

…

“The difference in New York and New Jersey stems partly from a foreclosure process that requires court approval before lenders can seize homes. It takes 1,029 days on average to foreclose in New York, the longest timeline in the U.S., followed by New Jersey at 999 days and Florida, at 944 days, RealtyTrac data show.”

…

“The real estate markets in New York and New Jersey are trailing the rest of the country as a result. Prices in New Jersey, the most densely populated state, climbed 2.9 percent in the fourth quarter from a year earlier, compared with a 7.7 percent jump for the U.S, the Federal Housing Finance Agency said yesterday. New York values rose 3.7 percent.

California prices surged 19.5 percent and Arizona’s gained 15.2 percent. These states do not have a judicial foreclosure process.”

Perhaps you should start wrapping your mind around the excess empty and defaulted inventory issue in California before discussing other states.

yup, as george carlin said, it’s a club and you ain’t in it.

Which leads to this:

http://www.reuters.com/article/2014/03/20/us-iraq-anbar-specialreport-idUSBREA2J11720140320

I did. The student was resisting two officers, including at the time his arm was broken.

Cops suck.