Bits Bucket for April 5, 2014
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.
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Name:Ben Jones
Location:Northern Arizona, United States
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The death of a great American city: why does anyone still live in Detroit?
The city’s social contract was shredded long ago and everyone knows time is running out – but some Detroiters have hope
http://www.theguardian.com/cities/2014/apr/03/the-death-of-a-great-american-city-why-does-anyone-still-live-in-detroit
Atlanta’s food deserts leave its poorest citizens stranded and struggling
It seems unthinkable but in a major US city, thousands cannot get to places where fresh, affordable food is available
http://www.theguardian.com/cities/2014/mar/17/atlanta-food-deserts-stranded-struggling-survive
The Guardians politics are not necessarily mine, but the articles did grab my attention.
There’s good crack and heroin. Plus you can vote for the Messiah twice, what’s not to like.
Good crack and heroin - that explains a lot.
And an abundance of male and female prostitutes who work in exchange for nothing but crack and heroin.
“The death of a great American city: why does anyone still live in Detroit?”
Affordable housing?
Also free bullets delivered to your door. The next 20 years are going to be interesting. Power is going to fight with all it has to hold on.
Detroit is like a big hairy fat sloppy 50 plus slob sitting behind his desk with his feet up gabbing on a phone with a moneyed business crony. That desk is in a PUBLIC union hall.
It can’t be saved.
Sorry for bringing up the fat thing. I’d vote for Chris Christie just to get the conversation on fat to the front burner.
Atlanta’s food deserts leave its poorest citizens stranded and struggling
This entire notion of “food desert” is pretty novel and also thoroughly ridiculous.
The free market tends to make available to an area what people want to buy.
Imagine how easy it would be to make money in such an area, if you were someone with a car, and you could sell fruits & vegetables at an above-market price due to the relative lack of availability and high demand.
That doesn’t seem to be happening, though, does it? Is it because no one is willing to make this “easy money”? Or is it because the demand really isn’t there?
Yes, if what people in a particular area want to buy is junk food, then that will be what the free market makes available to them.
And yet, it must be somebody’s fault—some big corporation, probably.
“The free market tends to make available to an area what people want to buy.”
Unless criminals shut down the free market by victimizing those who tried to supply it.
Prime, you are sadly correct. If people bought the fresh fruits and veggies, the even 7-11 would stock them. Food advocates assume that the residents have the time and energy, not to mention the money, to buy, clean, chop, and cook all this stuff… or the power of addiction to sugar and wheat.
Blame Monsanto.
It’s not only Monsanto. All food companies want to make more and more money each year by selling more and more food. The problem is that the population is growing more slowly than Wall Street demands. Solution: sell more food to each person in the existing population. This is why fast food places like Taco Bell and Subway are offering that “all-important” breakfast (like people didn’t eat enough already). It’s why Chili’s has an entire food lab to get people addicted to Bloomin’ Onions. And why grain processors are fighting the low-carb mania. And the junk food lobby is all mad at taxing sugar.
On a side note, I always giggle a bit when HA and the Goon Squad kid about lying on the couch and “consuming groceries.” The name of the junk food lobby group is The Grocery Manufacturers Association.
Detroit can afford to pay to build sports stadiums for rich billionaires.
What does that say about the billionaires?
Chinese buyers fuelling UK housing shortage: Far East speculators price Britons out of market across the country
Developers selling directly to buyers in China at inflated prices
Critics said tactics threatened to deepen UK housing shortage
British developers, including Barratt Homes, have opened offices in Beijing
Manchester properties sold to Chinese for 30 per cent above market value
Read more: http://www.dailymail.co.uk/news/article-2597354/Chinese-fuel-UK-housing-shortage-Far-East-speculators-price-Britons-market-country.html#ixzz2y0IFkIXP
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Those pesky Chinese they are buying everything
“Those pesky Chinese they are buying everything”
What will happen when the buying binge eventually ends?
The New Yorker
April 3, 2014
Is China the Next Lehman Brothers?
Posted by John Cassidy
Martin (Two Brains) Wolf, the Financial Times’ venerable economics commentator, doesn’t always have the correct answers. But he invariably poses the right questions, which, in a journalist, is often more important. In his column this week, Wolf asks, “Is China different? Or must its borrowing binge, like most others, end in tears?”
That the Middle Kingdom’s transformation from a Communist command economy is a great success story cannot be doubted; it’s one of the wonders of modern history. Since 1991, according to the World Bank’s database, its inflation-adjusted growth rate has averaged about ten per cent a year. Rapid growth has dragged hundreds of millions of people out of grinding poverty and turned China, according to some measures, into the world’s second-largest economy. (In terms of G.D.P. per capita, the performance is a bit less impressive. In 2012, according to the World Bank, China’s was $6,091, placing it among places like Peru, Serbia, and Thailand.)
In the past few years, however, China’s growth rate has slowed down a bit, and the country has racked up large debts. How large? Wolf provides a disturbing chart, based on figures from the International Monetary Fund, that shows overall debts rising from about a hundred and twenty-five per cent of G.D.P. in 2008 to two hundred per cent in 2013. That’s quite a leap. As anybody who has visited China recently can confirm, it has coincided with an enormous building boom, which has left many cities festooned with empty apartment buildings and shopping malls.
The worry is that large parts of China now resemble Arizona, Florida, and Nevada circa 2007, when the great Greenspan-Bernanke real-estate bubble was going “pop.” “Signs are mounting that the housing market in a number of cities is not just cooling but actually cracking,” Wei Jao, an economist at Société Générale, wrote recently. According to a lengthy report from China in Thursday’s F.T., which quoted Jao, developers are already slashing prices by up to forty per cent in selected areas. But that hasn’t been sufficient to prevent some of them from having trouble keeping up interest payments on the loans they took out to finance construction. And that, in turn, is raising concerns about the Chinese financial institutions that did much of the lending, such as banks, “shadow banks,” and trust companies. (Shadow banks are unregulated finance companies that borrow and lend at interest rates higher than those available in the regular banking system.)
To some observers, particularly fans of Hyman Minsky, the late Keynesian economist, it looks suspiciously like China may be approaching a Minsky moment—that dreadful instant at which most of the participants in the boom recognize that the game is up, credit stops flowing, one or more financial institutions moves to the verge of collapse, and panic ensues. Figures released last month show that credit from China’s shadow banks has virtually dried up. In January, about a hundred and sixty billion dollars’ worth of new loans were issued through shadow banks; in February, virtually none were.
…
History’s judgment is taking shape very quickly in the wake of Bernanke’s departure.
That the Middle Kingdom’s transformation from a Communist command economy is a great success story cannot be doubted;
That’s all I need to read to know I don’t need to read the rest.
Did it really ever stop being a command economy?
Did it really ever stop being a command economy?
I don’t think it ever did. The debate always been who commands and controls? And whichever side commands and controls, there is no ounce of difference between them no matter what the conventional wisdom says.
“…who commands and controls? And whichever side commands and controls, there is no ounce of difference between them no matter what the conventional wisdom says.”
“Those pesky Chinese they are buying everything”
I remember when the Japanese were buying all of California’s prime cuts. Some thought is was the end of the world.
And it was…for Japanese world economic dominance.
“And it was…for Japanese world economic dominance.”
I say we buy up everything in tax haven Hong Kong when their housing prices bottom.
You have no chance.
You go first.
“Those pesky Chinese they are buying everything.”
Gee, I wonder how they got all that money?
Gee, I wonder how they got all that money ??
They printed it…Just like us…
They got the money we printed and the money is coming home to roost.
Cheap money and cheap interest rates will price out Average American out of everything.
Thank you Greenspan/Bernnake/Yellin!
The money is going to American sellers.
Wal Mart.
Do you shop anywhere else? They sell Chinese stuff all over including high end stores.
All the clothes I just bought from Gap and Banana Republic were made in China. I would like to know when “white” silk blouses became “clear” silk blouses. Now I have to wear a freaking cami.
McDonald’s has already abandoned its restaurants in Crimea and now a Moscow politician has called for all of the US fast food chain’s outlets in Russia to be shut.
The opening of Russia’s first McDonald’s restaurant in Moscow 24 years ago was seen as a powerful symbol of the end of the Cold War, and the ascendance of a global free market economy.
But now, ultranationalist politician Vladimir Zhirinovsky, who is widely viewed to have close links to President Vladimir Putin, called for McDonald’s to halt serving “their poisonous food” in the Motherland.
http://www.huffingtonpost.co.uk/2014/04/05/mcdonalds-russia-crimea_n_5095608.html
“ultranationalist politician Vladimir Zhirinovsky, who is widely viewed to have close links to President Vladimir Putin, called for McDonald’s to halt serving “their poisonous food”
Amen, brothah! And thus, the backlash against globalization begins.
Who’d a thunk Russia would “restore our future” and “take back America”?
That’s how I see it too. I mean, if Russians don’t want to eat cheeseburger-like objects, then they don’t have to. I don’t really see McD’s as the culprit, but I am surprised to see that Russia is taking this thing on.
Russia is our only ride into space.
Thank Obama for canceling the successor to the space shuttle.
How much of your tax dollars is it worth to send a few astronauts into space? What is the purpose?
Spending on NASA is 100 times more valuable than spending like section eight housing. The advancement of science caused by landing a man on the moon, is a major reason why Silicon valley is in the U.S. instead of some other country.
The government paid for the development of computer technology and then handed it for free to private industry. That’s known as corporate welfare.
Also, if you want to spend taxpayer funds on developing things like software or teflon, there safer and more cost-effective ways to do it.
But the NASA scientists are all under the climate change delusion. That’s your tax dollars at work.
Climate change is not a delusion.
¨Climate change is not a delusion¨
Do you see what your tax dollars are buying, dan? Unfettered science at work.
Thank Obama for canceling the successor to the space shuttle.
I don’t recall congress clamoring to save the Ares rocket project. I guess it’s just more cost effective to hitch rides with the Russians. Space-X will eventually provide a ride the the ISS.
My understanding is that Obama felt that NASA had been coasting (pun intended) for too long. The shuttle is an old program. Sure, NASA gave us freeze-dried ice cream and Tang, but what have they done for us lately? NASA needs less shuttle and more Mars Rover.
San Diego, CA Housing Prices Sink 13% YoY; Inventory Up 77%
http://www.movoto.com/san-diego-ca/market-trends/
The median list price this April is only $76K lower than it was last April. Why is this such a big deal?
Median listing is now 499k, I wonder if a 150,000 dollar drop in FHA limits down to $546K has anything to do with it?
The bubble and bust show up clearly in the San Diego County conforming loan limits. We sure are lucky that an army of Chinese suckers is coming in here to snap up homes at prices that Uncle Sam is no longer willing to pay!
Zillow says the median price is $475,000, up 13% over last year. Curious.
http://www.zillow.com/local-info/CA-San-Diego-home-value/r_54296/#metric=mt%3D18%26dt%3D1%26tp%3D5%26rt%3D8%26r%3D54296%252C116625%252C118673%252C117557%26el%3D0
Zillow excludes shortsales and foreclosures.
“Higher interest rates increase housing affordability dramatically”.
That’s right. As interest rates head to 15% as the 30 year bond cycle reverses, housing prices will be driven down to affordable levels even more quickly and the economy will accelerate rapidly.
And the question is still;
Why buy a house anywhere at these massively inflated prices when you can rent it for half the cost?
Because some places it’s cheaper to buy??
Yet that isn’t the case anywhere.
Back to the question.
Lol! California is not the entire world.
Who said it was?
Back to the question.
An analysis of home prices and rents by RealtyTrac found that in more than 90 percent of the counties it looked at, the average rent is higher than the cost of buying a median-priced home.
http://www.cnbc.com/id/101552634?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=101552634%7CRent%20a%20home%20or%20buy?%20Depen
You were already schooled on that one J.Fraud. That article excludes all expenses except for principal and interest.
Nice try though.
The dead-cat bounce has convinced a lot of people that housing will never be affordable. If house prices went up 20%/year for two years, then the bust doesn’t matter because that will never happen again. There is also an unsubstantiated rumor that rents are increasing at 10%/year, but they’re not. If you show a person a rental on craigslist that is a nice place and reasonably priced, then that person will come up with a hundred unacceptable qualities for that apartment. Then if you tell them it’s a condo and the monthly payment is twice the rent, then they will love the condo and they have to have it.
While reading blogs about China, I discovered a term new to me: “Naked Marriage”
–adapted from Wiki:
(裸婚, luǒhūn) is recent Chinese slang, coined in 2008 to describe marriages between partners without significant assets. The “Five Nos” involved are: no home, no car, no ceremony, no ring, no honeymoon.
Chinese tradition once included a groom buying a home for his future wife or, at least, that the couple’s parents provide them a material foundation for marriage and childbearing.
“Naked marriage” also spare the groom’s family from paying for an extravagant wedding.
Sub Prime Marriages? Perhaps we can find a way to securitize these unions and sell them on wall street to pension funds?
Just sell them to Uncle Sam, he’s backing all this and will bail you out if things go bad.
Maybe they could sell their second and third born.
I’m pretty sure that although this term may be recent, the Chinese have known about no asset marriages for thousands of years.
Yeah, it’s not as if Chinese people mostly have the money for all that.
A Cambodian friend from a traditional family got on his feet here in the states, engineering degree, home, etc., and his family decided it was time for him to marry a “family selected” bride from the old country. He disappeared for a month to meet her for the first time, and return to the states. She was gorgeous and young enough to be his daughter. He was a Khmer Rouge survivor, and their job was to do their part to rebuild the family tree.
Speaks English, gainfully employed, starting a family. Good for him, it’s the American dream.
we should do that to all on public assistance 20 hrs a week in English classes or no EBT card…
his family decided it was time for him to marry a “family selected” bride from the old country ??
A breeding tool…No different than cattle or pigs…Nice way to live…
He seems okay with it, so what’s the problem?
Thank god for the breeder. Otherwise who are we gonna pass our debts to?
If the guy’s happy with his pre-arranged marriage, then let him be happy.
“Pre-arranged” doesn’t necessarily equate to “evil” or “awful”.
She is probably happy to get out of Cambodia too. But liberals are not happy controlling their own lives they must control your life too.
But liberals are not happy controlling their own lives they must control your life too ??
Sounds like his parents are Liberals then…So are his wife’s…
Most Asians who become U.S. citizens vote for the party of higher taxes. The third or fourth generation Asians tend to vote Republican.
How many generations until they break out of the two party scam?
How many generations until they break out of the two party scam?
Ever seen an Asian libertarian? I haven’t.
the guy’s happy with his pre-arranged marriage ??
Why do you assume that ?? Sounds like he doesn’t have a friggen choice or enough balls to say no…Grown man with a engineering degree to boot and he lets his parents pick his wife…If you call that thumb sucking happy, fair enough…
Maybe he is happy with it. Did you ask him?
I don’t see Americans as being particularly successful at marriage. Perhaps we should be before we fault others.
Our way isn’t the only way. Deal with it.
P.S. Why do so many progressives seem so hell-bent on having others act in manners they themselves deem appropriate? Here is another example of “my way or the highway”. Force it down people’s throats.
So much for diversity, eh?
An Indian coworker of mine has been under pressure from his family back home to enter an arranged marriage. He has been able to resist so far, but they are turning the screws on him and he appears ready to give in.
Why do you assume that ??
1. straight male.
2. New wife is beautiful.
3. New wife is half his age.
Strong circumstantial case he is happy.
“An Indian coworker of mine has been under pressure from his family back home to enter an arranged marriage.”
I drive ALOT of people from India. Apparently prearranged marriages are a distinct minority in the urban areas. And they have about the same success rate that we have been having, as in not good. But the prearranged ones in the rural areas have the whole family support network thing going on, and are usually successful (’happy’). As much as I’d want the right to choose my own wife, I’ve definitely learned not to judge on this one.
Just look at modern divorce statistics. Do they give any reason for us to believe the “American way of marriage” is superior?
Why is everyone in this conversation focusing solely on the happiness of the man? What about her? She is young and beautiful and doomed to live with an old man who will probably abuse her because she has no education and doesn’t speak English, so he can. And if their culture is so awesome and successful, then why did he move here?
They are running AWAY from their culture, and running TOWARD ours, yet they insist on bringing their bad habits over here.
Why do you assume that?
1. Straight female.
2. He is well educated.
3. He has a chance to accumulate wealth.
Since you’re often worried about women as focus, why not watch The View or The Talk? They’re all about women all the time.
The pendulum finally has begun to start its swing in the other way. In my lifetime, I’ve never known a time when men were favored over women.
I know an engineer from Hong Kong who has trouble speaking English and is in his late 40s, diabetic. He threw the “hail Mary” pass and went to China two years ago to snag a bride. Brought her back. And now they have a kid. She is supposedly much younger. Does not speak English. His cousin, also in the U.S., did something similar. It was a status thing I suppose.
So yes my former colleague got his trophy.
And yes Big V, I do wonder, is his wife happy? Here is what she gets. She has an automatic green card. And with a Kid now, she has her foot in the door of getting to become U.S. citizen and dump her husband on that day.
MacBeth, you’re completely insane.
I’d consider that a compliment if it were correct. Sadly, I’m just partially there.
Strap me in a chair, prop my eyelids open with toothpicks and run The View 24/7 and I’ll be certifiable in no time.
You sure “Naked Marriage” didn’t originate in the United States? It certainly could have.
You sure “Naked Marriage” didn’t originate in the United States? It certainly could have.
The Chinese, supposedly inscrutable, are sometimes very direct in stating facts.
A question from yesterday:
“Comment by Whac-A-Bubble™
2014-04-04 19:13:45
Is your market (and the rest of the DC area) impacted by the swelling numbers of Maryland foreclosures?”
In my area…not for SFH for the general public. I did a quick Trulia and Zillow check. Foreclosures are listed for near-market price, ie. close to comps. I’ve seen 3-4 foreclosures sell for ~25% below market, but the county websites shows that the low-price transactions were either non-arms length, auction, or sold to “X investor inc.” Within six months of sale, all of these houses have shown up on Zillow with pretty HGTV-ish pictures and sell for $50-$70K profit. But please note that in my Cold-war neighborhood, the supply-demand effect on prices is heavily skewed by the condition of the house. A foreclosed house is usually an abused house that needs that fix-up. While end-users would love 25% off price, they simply don’t have cash on hand for a $50K reno.
I did another quick check of condos built post 2000 in my area. I figured that house condition would play less of a role. Strangely, there were few foreclosures at all. I don’t have a good handle on condos, but these seem to sell at close to post-pop comps prices. Price per sq ft is wildly variable, from ~200-$350/sq ft, depending heavily on location.
However, that’s the Maryland inner established burbs. I think foreclosures would have more effect in the outer McMansion and Garage Mahal burbs like Germantown, Columbia, and of course anything outside the Beltway in Northern Virginia.
I doubt your “quick checks” are privy to the real data. You got no incentive to dig past hearing what you wanna hear.
A quick check of Lola could produce either result, depending on where you checked.
CraterLady QuickChecks.
“I did a quick Trulia and Zillow check. Foreclosures are listed for near-market price, ie. close to comps.”
Is that somehow surprising?
Skyrocketing Maryland Foreclosures Are Tail End of Housing Crisis
By Scott MacFarlane
Friday, Jan 3, 2014 | Updated 8:00 PM EDT
Foreclosure rates are skyrocketing in Maryland, according to reports obtained and reviewed by the News4 I-Team, and the state’s efforts to protect homeowners could be fueling the problem.
A county-by-county breakdown of home seizure rates produced by industry analysts at California-based RealtyTrac, and shared with the News4 I-Team, show Montgomery, Frederick and Howard counties each suffered from 100 percent increases in home foreclosures between autumn 2012 and autumn 2013. There was a 50 percent increase in Prince George’s County. In Anne Arundel County, the spike is much larger: 400 percent.
“This is just the beginning of the wave of foreclosures,” RealtyTrac analyst Darin Goodwin said. “There are homes that haven’t hit the housing market yet.”
Realtors and foreclosure assistance groups said the increase is alarming, but not surprising. Maryland law creates a slower foreclosure process than neighboring states, requiring home seizures be processed by courts before completion. What’s more, recent investigations into the legality of how some banks process foreclosures convinced some Maryland lenders to pause foreclosures for months or years, industry analysts said. The backlog of seized homes is just now beginning to clear.
On the steps of the Montgomery County Courthouse in Rockville, News4 I-Team cameras captured images of one of the dozens of recent home auctions outside local courthouses. Auctioneers contracted by Montgomery County disposed of more than 10 foreclosed homes in an hour. A Gaithersburg townhouse, located about one mile east of Route 355, was purchased for $210,000, about 30 percent less than the estimated price of neighboring homes. The man who purchased the home declined to share his name but said he was an investor who didn’t plan on living in the home.
In Prince George’s County, civic leaders have asked Maryland state officials to place a moratorium on foreclosures, citing the impact of the recent surge on families.
Ann Lytle, of Capitol Heights, is trying to escape the foreclosure of the Addison Road home in which she’s lived for 65 years. Lytle said she’s fought a yearlong battle with her bank, which she said was triggered by a dispute over a missed monthly mortgage payment. “It’s like somebody took a nail and drove it through your heart,” Lytle said. She’d taken out a new mortgage on the house in 2009 to help pay for repairs and remodeling.
Maryland housing officials said the recent increase in seizures is not a sign of a new foreclosure crisis but is instead the completion of the nationwide housing crisis triggered by the 2008 economic downturn.
…
Oxy, evidently you have never been to Northern Virginia.
Vienna, Tysons and Fairfax lie outside the Beltway.
I’d suggest that you tool around some before opining. it’s close enough for a look-see. Then, with facts in hand, you will be in better position to comment.
Maybe I should have said “beyond Dulles airport.”
Words can be fun! And, oh, so profitable!
Two of my favorite words are the words “homeowner” and “homebuyer”. Most people treat these two words as being equal, as having equal meaning, but (luckily for me) they do not.
A homeowner is someone who owns a home while a homebuyer is someone who is buying a home. This no-brainer of a statement boils down to:
1. A homeowner is the result of an event - the event is taking title to the home that he bought, while…
2. A homebuyer is the result of a process - the process is the buying of the home.
Once the process of buying the home is complete the homebuyer then becomes a homeowner. But until the process is complete the home buyer remains a homebuyer. And if this process of buying a home takes a long time to complete (say, thirty years) then the homebuyer is at the mercy of what fate offers him coupled with what the true homeowner - the lender - offers him.
If fate is kind and the lender is kind then the homebuyer has it made. But if neither fate nor the lender is kind then the homebuyer may end up getting screwed. And, from the lender’s point of view, this screwing should take place as far into the buying process as possible; For example, if the loan is a thirty-year loan then ideally the screwing should take place in the twenty-ninth year.
The beauty of all this confusion is the homebuyer confuses his position in the home buying transaction by mistakenly thinking himself as being the homeowner while if fact he is not.
And the various governmental bodies that support the positions of the true homeowners - who are the lenders - gain freely given political support from these deluded homebuyers and this freely given political support often works in the interest of the homeowners at the expense of the interests of the homebuyers.
Which, once again, demonstrates that people are smart.
Two of my favorite words are “home debtor” and “money renter.”
That’s four words.
“homedebtor” and “moneyrenter” then…
That’s more better.
Loan Owner!
Homemoaner
Love these stories, I own a teardown with my siblings that I’ve finally convinced them to dump. Come on fools listen to the realtors…
Buyers beware: Homes going fast
If you’re shopping for a home this spring, brokers say prepare to see a lot of fellow buyers.
“Open houses are just packed,” said agent John O’Connor of Keller Williams, who saw 52 parties come through an open house in Winchester last weekend.
“I see a small increase in inventory this spring, but not nearly enough,” said O’Connor. He added that Hub inventory is down about 25.7 percent year-over-year from 2013, and that the median sales price is up 24.5 percent. “We are really seeing the effects of five years of pent-up demand with no new supply.”
http://bostonherald.com/business/real_estate/2014/04/buyers_beware_homes_going_fast
Bostonians area FHA loan limits which are driving the entire market have only dropped 60 grand, from 523 to 465 k. That’s not much. Anyone can afford to lose it. Basically just spare change.
To Stop Global Warming, Eat Less Meat - Salon
A worldwide shift toward veganism is our best bet to fight climate change, a new study finds
“In order to have any chance to reach a 2 degree target, fossil-fuel use has to be reduced drastically,” Fredrik Hedenus, the study’s lead author, wrote in an email. “However, what we show is that may not be sufficient, as the agricultural emissions … may be too high. Thus we have to take action in both sectors.”
Oh goodness. What do the nanny state elitist think they can do to us? Scare us back into the horse and buggy days?
Horse and Buggy for you.
We will continue to live our extravagant ways. Sucks to be you tbh.
Drive your Prius to Whole Foods for a filthy chai latte.
Warmists gonna warm.
h/t, goon.
that’s all they know how to do
Cannot have the horse methane and co2 emissions from growing the feed. Plus the manure runoff is an environmental problem you need to pull the buggy and die and do not breed.
When you listen to environmental scientists who are talking as scientists (not when they have their activist hats on and there is a distinct difference), they will tell you that the fight to stop human caused global climate change is already over. There is enough carbon in the system already that the Greenland glaciers are going to melt and, more importantly, the arctic tundra is going to unfreeze and release all/most of the stored methane. It can’t be stopped any more.
Google “sustainability vs resilience” to read more about it.
I’ve also heard one of them (wearing an activist hat at that moment), when asked what we would have to do, say that carbon emissions would have to be cut 80% and by yesterday. Well, that ain’t gonna happen so it is as good as saying the issue is moot.
Could we slow things down a bit by cutting emissions a lot very quickly? Yes, we could slow it down. But that is it. That melting is going to happen. We did and we are stuck with it.
Oh, they can speak objectively but are also activists when they choose to put on that hat? Puuhhleeez.
Sounds like how Slick Willy was able to keep his personal and professional life separate.
Some folks do have a bit of self awareness discipline, as opposed to incessantly blabbing the first thing that comes into their minds. They are few and far between, though. The vast majority just vomit up the talking points of their chosen media source… as we see here.
Talking from you own experience?
Oh! The old “I know you are but what am I” retort! Devastating!
The hats thing is pretty delusional.
Only if you believe the models on the sensitivity of the world to co2 is that true and many if not most scientists do not and that is the inconvenient truth for alarmist. 97% fall in the warmist or lukewarmists camp but there is a big difference between the two. Obama’s energy policies mean 4 dollar gasoline in CAli and counting 20 hour minimum wage jobs as being employed to avoid double digit unemployment numbers
Ps if you do believe the models it is hopeless but if you believe as I do the world is only 1/7 as sensitive there is no need for expensive actions so either way Obama should not be closing coal plants based on agw and hurting the economy.
BTW, this just in we have the satellite data for March 2014, guess what folks still no global warming which would not be the case if the alarmist computer models were correct, of course if they had been correct we would have already crossed the point of no return by now, either way Obama’s AGW policies just create poverty without any environmental benefit:
http://wattsupwiththat.com/2014/04/05/no-global-warming-for-17-years-8-months/
The excuses of the warmists are rapidly evolving.
- There is no global warming
- There is, but it’s not man-made
- It is, but it’s not big deal
- It is, but people will never change
- They could have, but they didn’t, so now it’s loo late.
ANYTHING to avoid behavioral changes.
If I’m unwilling to shift to vegan-ism can I do my bit by eating long pork?
I don’t get it. Grazing animals can be raised without burning any fossil fuels. Field crops not so much. More inside out thinking.
+1
Field crops not so much.
Field crops _can_ be produced without fossil fuels; I think we have a pretty good existence proof of that in the historical record, as mankind raised crops without fossil fuels since agriculture came on the scene, with the exception of the last 100yrs.
The problem is that they cannot be produced at current _yields_—not by a long shot.
Because you have to do inconvenient things like crop rotations to avoid depletion, plant and plow under nitrogen fixing crops, letting fields lie fallow, etc. None of that is good for yields.
Often times the environmentally/politically correct production practice comes at a cost which is seldom mentioned. Your example of lower yields is a case in point.
Another favorite example of mine is the idea that swordfish should only be caught using a hand-held spear (aka harpoon) rather than with a net or hooks. Nobody save myself seems concerned that doing so results in burning twice as much fossil fuel per swordfish as more efficient net- or hook-based methods.
“Grazing animals can be raised without burning any fossil fuels.”
Not really.
K A Johnson and D E Johnson
Methane emissions from cattle.
Journal of Animal Science 1995, 73:2483-2492.
ABSTRACT:
Increasing atmospheric concentrations of methane have led scientists to examine its sources of origin. Ruminant livestock can produce 250 to 500 L of methane per day. This level of production results in estimates of the contribution by cattle to global warming that may occur in the next 50 to 100 yr to be a little less than 2%. Many factors influence methane emissions from cattle and include the following: level of feed intake, type of carbohydrate in the diet, feed processing, addition of lipids or ionophores to the diet, and alterations in the ruminal
microflora. Manipulation of these factors can reduce methane emissions from cattle. Many techniques exist to quantify methane emissions from individual or groups of animals. Enclosure techniques are precise but require trained animals and may limit animal movement. Isotopic and nonisotopic tracer
techniques may also be used effectively. Prediction equations based on fermentation balance or feed characteristics have been used to estimate methane production. These equations
are useful, but the assumptions and conditions that must
be met for each equation limit their ability to accurately predict
methane production. Methane production from groups of animals can be measured by mass balance, micrometeorological, or tracer methods. These techniques can measure methane emissions from animals in either indoor or
outdoor enclosures. Use of these techniques and knowledge of the factors that impact methane production can result in the development of mitigation strategies to reduce methane losses by cattle. Implementation of these strategies should result in enhanced animal productivity and decreased contributions by cattle to the atmospheric methane budget.
“mitigation strategies”
The methane breathing cow as a menace to the planet just about makes my head explode. It’s a wonder their heads don’t explode, literally. The carbon cycle is going to continue regardless if you put squirrels in the chain, buffalo, or just let the grass and trees rot on the ground. Methane decomposes into CO2 in air. Cows digesting grass does not add to the carbon loading one little bit.
“…breathing…”
That’s not the activity that produces the methane. Consider the other end of the animal…
Blue, you’re wasting your time with environmental fanatics. I guarantee that most enviro-nuts never consider the carbon that decaying plants add to the atmosphere, or the growing acreage of plant cover worldwide.
Might as well speak with Bible-thumping religious fanatics.
Just because something surprises you Prof, that doesn’t mean it is incorrect. You’ve never indicated before that you had any particular knowledge of this area of biology.
http://www.dpi.nsw.gov.au/archive/agriculture-today-stories/ag-today-archives/july-2010/clearing-the-air-breeding-for-less-methane
How do you propose to deliver grazing animals to the market without using fossil fuels?
True - and how do you propose delivering vegetables and fruits to the market without using fossil fuels?
How do you propose to deliver grazing animals to the market without using fossil fuels?
head ‘em up & move ‘em out
At least a grazing animal can walk to market.
If they walk to market they do not gain weight and do not have the fat that people want in their meat. Meat would probably cost ten times what it does now if we had to go back to the 1880s and drive cattle with horses.
Meat would probably cost ten times what it does now if we had to go back to the 1880s and drive cattle with horses.
But think of all the cow punchers who would thereby gain employment.
“drive cattle with horses”
In habitable places, like here, it is a short walk.
Are there a lot of ranchers these days that let their cows graze, or do they mostly feed them?
When I was raising cattle I grazed them June to November and fed them hay the other months plus fed them grain a few months after each was selected for slaughter. This was in NW PA.
Thanks for your input, Mr. Swift. We’ll take it under advisement.
When you have no intellectual argument, resort to ad hominem attacks. I am not even sure who you intended to attack but it does not matter, you have nothing.
whom
“Eroding home affordability carries housing bubble concerns”
http://www.inman.com/2014/04/04/eroding-home-affordability-carries-housing-bubble-concerns/
“As affordability worsens, we’re already beginning to see more of the kinds of worrisome trends we saw en masse during the years leading up to the housing crash,” said Zillow Chief Economist
http://www.prnewswire.com/news-releases/more-than-half-of-for-sale-homes-in-seven-major-markets-are-currently-unaffordable-for-typical-buyers-253879331.html
A question for you all. Prices have undoubtedly risen in the past few years - what will the tipping point be to reverse the trend?
Incomes not keeping pace with housing prices?
Stock market meltdown?
Rising interest rates?
Something else?
In Boise my bets are on prices surpassing affordability - which they already have.
None of the above. Prices will always go up. Buy now and forever hold your piece.
“prices surpassing affordability.”
In a Borrowed Money Economy the term “affordability” has everything to do with the availability of borrowed money.
If borrowed money is made available to finance a price rise then you will end up with a price rise.
Buffett said something about this, something like “When you combine ignorance with borrowed money the results can become interesting”.
“In Boise my bets are on prices surpassing affordability - which they already have.”
In Grant County, Washington home prices are sinking albeit slowly. Just paid my property taxes, same as last year; they’ve been falling each of the past four years. FWIW, we also weathered the recession quite well relative to the other counties throughout the state. I’ll stake my bet on the vast Columbia River hydroelectric complex and adjacent agriculture with endless water supply.
That whole area gets only 8 inches or less of rain per year. It is virtually a desert.
When the grid goes down, there goes your irrigation. And the water table is too low to get at with a hand pump, even if you put an eight foot handle on it.
I agree the area is beautiful. But for sustainability, unless you’re within pumping distance of the Columbia River or are able to lug enough jugs to water yer plants, yer as cooked as a goose. So to speak.
Ever the optimist, I wanna place with a running stream in the yard, enough land for a garden and some protein, and enough wood for a woodlot. If I could get a cave as well that would be a bonus.
“Ever the optimist, I wanna place with a running stream in the yard…”
My father bought a nice property with a running stream near Lake Tahoe, CA. Then the state discovered that gasoline with MTBE additives led to algae bloom in the lake. They took control of his property, and the courts ruled against him when he argued that the state should buy the from him for no profit, just recover his investment. The state couldn’t afford to buy all of the streams, so they didn’t buy any of them. You lose.
What happened to FHA loan limits in Boise and surrounding county areas?
The limit is $271,050. In Feb the median sales price of $199,650 was still below the FHA limit New construction median was $302,500 vs existing: $169,900. New construction is definitely skewing towards the upper end of the market.
New construction is definitely skewing towards the upper end of the market.
Not surprising as the profit margins are higher with more expensive homes. The question remains: will there be any buyers?
How’s HP doing in Boise? I visited the Boise site (it’s where all the LaserJet work is done) a long time ago. If it’s like other HP sites, I’m sure it’s been in decline with steady layoffs for years.
I haven’t heard much about HP lately - except they don’t use all the campus anymore. They sub-leased one of the buildings for an Obamacare call center which is now laying off 1600 employees this month.
My side of town is driven more by Micron which is now eking out some profits. This is a new place which sits between my humble neighborhood and Micron: http://www.elevationridge-boise.com/
They are making sales and the prices are pretty rich for Boise - the views are nice though.
I haven’t heard much about HP lately - except they don’t use all the campus anymore.
That seems to be their story everywhere in the US.
They sub-leased one of the buildings for an Obamacare call center which is now laying off 1600 employees this month.
I remember when the Boise site was bursting at the seams. They had to lease off campus office space. Oh, how the mighty have fallen.
In Col - in Metro DC, there is tons of advertising in the IT rags about the HP entry into 3D printing. PR about network security and advanced analytics as well.
The PR about network security and advanced analytics I can see. The PR about 3D printing? not so much. Nobody actually MAKES anything here other than hot air. Lots of interface development, though - cobbling together ancient systems.
Hey Brandon-
A book suggestion: Bob Vila’s Guide to Owning Your First Home. Good book - look for a green cover.
It won’t address all your rent/buy questions, but good nonetheless.
Thanks - I’ll look it up. More and more I’m not liking the state of the market. As I walk around my neighborhood I personally can’t justify the prices for 20 year old home - especially with the inconsistency in upkeep and pride of ownership. It also bothers me that foreclosures/pre-foreclosures in the area (at least looking on a zillow map) roughly outnumber resale homes by 2 to 1.
How about renting a McMansion with another family (or a couple of singles?)
There’s always more than one way to skin a cat.
Ask yourself not if, but how. You’ll get it done if you expand your playing field.
I have 2 kids…. Not going down the roommate road. I can afford the rent just fine. BTW mcmansion rents are also inflated. There’s one a few blocks from me and they’re asking 1850 per month. Another smaller place wants 1400.
True, it’s probably not a good idea to rent out to strangers with kids in the house. You never know what kids might do…you could end up facing a lawsuit.
If you can afford to rent, then you’re over-thinking the whole thing. If you’re not sure that buying a house is a good decision, then it probably isn’t.
MacBeth,
After doing some driving around today I’m convinced more and more we’re overpriced and I refuse to overpay. Plus hanging around this blog helps. If I rent again my cost per month will jump about 20-25% but think I’ll be able to sleep better at night - the market just doesn’t seem right.
Good to see you drawing a conclusion that seems right for you.
Who knows…perhaps you won’t be in Boise as long as you think.
When I buy my next home (haven’t “owned” since 2004), it’ll be my toe-tag place. It will be among the least expensive places I can find in an inexpensive place. (There’s plenty of 2/2 and 3/2 1950s-era houses out there for less than $100K). I’ll be paying cash.
Bells and whistles mean little to me, and I won’t be paying for them, either. What matters to me re good sticks/roof, air conditioning and a sunny backyard. Bad kitchen cabinets and an outdated bathroom or two are A-ok.
Cheap, outdated homes means cash left over for travel.
At least this time we don’t have people saying that it can’t go down, and go down drastically. We have recent experience to show this. If it can go up 25% in one year, it can go down that much also. Easily, and it has done so.
“Plus hanging around this blog helps.”
+1 That’s why I donate regularly.
“(There’s plenty of 2/2 and 3/2 1950s-era houses out there for less than $100K).”
That sounds like going Oil City, or at least going Small City. Good plan.
Considering 95% of all housing fits that criteria, but you went ahead and paid a 250% premium for the same house anyways, how do you plan to extricate the financial mess you’ve got yourself in?
Macbeth, my aim is the Phoenix metro area. I know a very good neighborhood where my cash purchase house will be. One house along the park i would probably like is currently for sale. And the price is right.
Lifetime Fitness has a cool pool for serious swimmers. That is temperatures that are cold enough for speed swimming. Even in the summer. I currently rent a place in that area, also in California. Whole Foods is up the road. I like Arizona’s libertarian stance on guns. And its low income taxes.
And I don’t like being a direct hire. Would like to return to consulting. I think there will soon be a time where I will not care if I work a contract only six months of the year.
Health is more important than working, IMO. Time enough to swim in a cold pool at 9am instead of 4:30 a.m to avoid crowds. Time enough to do 60 minute elliptical workouts and ride my mountain bike.
Incomes not keeping pace with housing prices?
Stock market meltdown?
Rising interest rates?
Something else?
A; Something else….Its my feeling that we have long term slow growth in our future…Unemployment & more significant underemployment in the form of stagnant or low wages…Kinda like Japan but not as bad…So, I really don’t see the “something else” in play and that would be inflation…If we do see a inflation spike, lets say, 5-6%, the market will sell off in anticipation of the FED’s putting on the brakes…That in turn, IMO would have downward pressure on housing prices…How much likely depends on where the house is…2nd home locations would likely fall the most vs houses in urban job centers but all would fall I believe…
So, do we have;
Deflation, Stagflation or Inflation coming for the foreseeable future ??
Wishful thinking. The big difference - Japan has always been a creditor nation.
So what is it I am wishing for ??
Wishful thinking. The big difference - Japan has always been a creditor nation.
Isn’t the Japanese government in even more debt (vs. GDP) than we are?
Scdave,
Good question.
In some areas I see a new age where the petroleum exploration totally changes the nature of the economy “where the govnmt allows”. Good, measured amounts of inflation will occur as wages and economic activity bring prosperity. Look at Texas, North Dakota, Ohio and a few others.
In some states, Illinois/California/etc I see deflation as the productive industries flee the higher and higher taxation that these states will be forced to seek.
I know I’d rather try to find a few positive areas. Example. California could decide to change their outlook on developing their petroleum preserves, they could totally reverse their downward slide “but” I doubt that they will. Illinois/Chicago probably don’t have the reserves to develop so they’re stuck.
Of course it could all collapse but I doubt the elite would allow it to happen.
Tucson cop who randomly slammed woman to the ground not so tough after receiving threats
10:35 PM 04/03/2014
The Tucson police officer who was caught on video brutally pummeling a female student as she walked innocuously near the campus of the University of Arizona has been identified as Joel Mann, according to local ABC affiliate KGUN.
The thuggish incident occurred on Saturday as packed bars near campus slowly cleared out after the Arizona Wildcats men’s basketball team lost a thrilling overtime game.
Mann, a sergeant with 18 years of experience, was one of a legion of officers deployed in full, pseudo-military riot gear. He wore a helmet and face shield.
In the video, Mann comes out of absolutely nowhere and violently pushes woman over a metal frame. She is smashed head over heels to the ground. (RELATED: TYRANNY IN TUCSON: Cop in riot gear brutally attacks innocent girl [VIDEO])
The woman had neither a helmet nor a face shield. She was wearing shorts.
Tucson’s police department has reassigned Mann after a large number of anonymous threats were made against him, reports the Daily Mail.
Photographer Andrew Brown tweeted the photograph of the SWAT-looking police officer in the photograph here, with a message explaining that he had snapped a photo of the cop who had pushed the woman.
All told, about 50 police officers showed up in riot gear Saturday night. Numerous bystanders say the officers began to act with great hostility toward people in the vast crowd—essentially starting the riot they were sent to prevent.
The department has indicated that it is investigating the threats against Mann and, if warranted, will seek prosecution.
It’s not clear if Tucson Police will seek prosecution against Mann for his violent outburst against the student.
Mann has not spoken publicly about why he chose to approach a woman in what appears to be a wholly arbitrary fashion and force her violently to the ground.
The woman who Mann brutally shoved has identified herself as Christina Gardilcic. She gave an exclusive interview to ABC News.
“We were just walking behind on the sidewalk and next thing I know I was just on a bench,” Gardilcic told ABC on Wednesday. “My feet were… up in the air and I just got hit. It really happened very fast. I got up fast ’cause I was kind of in shock.”
“What happened to me, I consider excessive force,” Gardilcic added in the ABC interview. “I had no idea I was doing anything wrong. If I was, and he physically shoved me and I fell, I could have been really hurt.”
http://dailycaller.com/2014/04/03/tucson-cop-who-randomly-slammed-woman-to-the-ground-not-so-tough-after-receiving-threats/ - 93k -
LOlla, channeling LOLLA to praise this cop, Mr. Mann.
To be fair, this is only one side of the story.
They say the officer was caught on video brutally pummeling a female student as she walked innocuously near the campus of the University of Arizona.
Maybe officer Mann thought Christina Gardilcic was holding a machete she borrowed from an 11 year old fort building environmental terrorist.
+1
“Vanilla Ice set to play DeSoto Seafood festival in Palmetto”
http://www.baynews9.com/content/news/baynews9/news/article.html/content/news/articles/bn9/2014/4/5/vanilla_ice_set_to_p.html
Not housing related. Simply the best headline I’ve read in a decade.
Jeff Dahmer’s childhood home in Ohio has been for sale off & on since 2012. PETA got their name in the news again by proposing it be turned into a vegan restaurant. Not that there’s anything wrong with cannibalism.
‘Opie And Anthony’: ‘I Don’t Know Why We’re Not Having A Revolution’ Over Obamacare
April 4, 2014 11:27 AM
WASHINGTON (CBSDC) — The hosts of SiriusXM Radio’s “Opie and Anthony” show slammed Obamacare for losing their health insurance due to President Barack Obama’s signature health care law.
Gregg “Opie” Hughes, who has a wife and two kids, went into detail Thursday about receiving an insurance cancellation in the mail for him and his family.
“I’m a little annoyed today because I got my insurance cancellations yesterday,” Hughes said. “And I got kids and the wife that needed all that stuff.”
Hughes went on to say that he had “no issue” with his cancelled health insurance and doesn’t “even know where to begin” with the new paperwork.
“I have no (expletive) idea how to even attempt this,” Hughes steamed. “I don’t even know where to begin.”
Hughes described that he had “perfect health insurance” for himself and his family before it got taken away.
“Finally, after all these years, I had perfect health insurance and now I have to redo the whole thing. It’s ridiculous,” Hughes said.
Anthony Cumia chimed in talking about how he recently lost his health insurance too due to Obamacare and the mountain of paperwork he now has to deal with.
“The papers came in yesterday and I started looking through it. And then I’m like, ‘I think I can do this,’” Cumia explained. “And then it turned to you must include your corporate tax form number … Now this Obamacare thing is an IRS issue, so you need to supply tax documentation for your (expletive) insurance.”
Hughes responded: “I don’t know why we’re not having a revolution at this point.”
Obama announced earlier this week that more than 7 million Americans enrolled for health care insurance by the April 1 deadline. The Associated Press reports that the next open enrollment begins this November to have coverage for 2015.
http://washington.cbslocal.com/2014/04/04/opie-and-anthony-i-dont-know-why-were-not-having-a-revolution-over-obamacare/ - 86k -
I listened to this and the fact of the matter is that “millions” have been forced out of the health insurance that they liked and they’ll be “motivated” to vote this November.
There’s no amount of PR, lying or obfuscation that’ll change this fact.
If it’s not close they can’t cheat.
It’s a Loss in Md: 73K Lose Insurance; 60K Enroll on Exchange
April 3, 2014 - 2:08 PM
(CNSNews.com) – The head of the Maryland Health Insurance Exchange testified Thursday before the House Oversight and Government Reform Committee that only 60,000 people have signed up for Obamacare through the state’s exchange - 13,000 less than the number of individuals reported to lose their insurance due to Obamacare.
http://cnsnews.com/news/article/melanie-hunter/it-s-loss-md-73k-lose-insurance-60k-enroll-exchange - 47k -
Noonan: A Catastrophe Like No Other
The president tries to put a good face on ObamaCare.
Updated April 4, 2014 7:44 p.m. ETPut aside the numbers for a moment, and the daily argument.
“Seven point one million people have signed up!”
“But six million people lost their coverage and were forced onto the exchanges! That’s no triumph, it’s a manipulation. And how many of the 7.1 million have paid?”
Its biggest proponent in Congress, the Democratic speaker of the House, literally said—blithely, mindlessly, but in a way forthcomingly—that we have to pass the bill to find out what’s in it. It is a cliché to note this. But really, Nancy Pelosi’s statement was a historic admission that she was fighting hard for something she herself didn’t understand, but she had every confidence regulators and bureaucratic interpreters would tell her in time what she’d done. This is how we make laws now.
Her comments alarmed congressional Republicans but inspired Democrats, who for the next three years would carry on like blithering idiots making believe they’d read the bill and understood its implications. They were later taken aback by complaints from their constituents. The White House, on the other hand, seems to have understood what the bill would do, and lied in a way so specific it showed they knew exactly what to spin and how. “If you like your health-care plan, you can keep your health-care plan, period.” “If you like your doctor, you can keep your doctor, period.” That of course was the president, misrepresenting the facts of his signature legislative effort. That was historic, too. If you liked your doctor, your plan, your network, your coverage, your deductible you could not keep it. Your existing policy had to pass muster with the administration, which would fight to the death to ensure that 60-year-old women have pediatric dental coverage.
http://online.wsj.com/article/SB10001424052702304441304579479700454846082.html - 97k -
One big Riotard/school marm/oxide/coward Dean/nutcase Pelosi/obamao/al Scharpton/harryReid/Dianne Feinstien/chuck shumer Fuster Cluck.
Poof! There goes the Bill of Rights!….
Posted on April 3, 2014
by Matthew Peavy
Justice Sonia Sotomayor dismantles the Bill of Rights
While you were focused on the missing Airliner, there was a little case being heard in front of the Supreme Court called U.S. v. Castleman. The case was a landmark win for the gun control left wing, but what no one realized, is that our Constitution no longer affords us “rights.”
No longer rights that are inviolate
The case was decided March 28, 2014. The US Supreme Court unanimously ruled that the Bill of Rights is no longer made up of “Declaratory and Restrictive Clauses.” They are judicially now perceived as “privileges.” A “privilege” can be revoked for the slightest of legislative causes, but a “Right” is “Forever Inviolate” … We the People no longer have that.
U.S. vs Castleman
The case was about domestic violence, a cause we can all get behind. But, in the end, the Supreme Court has taken away not just domestic violence abuser’s right to bear arms, but all of the people, and in turn has made all of the Bill of Rights void, and made it a Bill of Privileges that can be revoked.
The Preamble states:
“The Conventions of a number of the States having at the time of their adopting the Constitution, expressed a desire, in order to prevent misconstruction or abuse of its powers, that further Declaratory and Restrictive clauses should be added: And as extending the ground of public confidence in the Government, will best insure the beneficent ends of its institution.”
While the Constitutional Conventions desired further declaratory and restrictive clauses, the Supreme Court has now taken our rights without anyone noticing and replaced them with privileges. It’s time to wake up America, first this year the NDAA gives Obama the power to arrest anyone without reason and detain them indefinitely. Now we have our Constitution shredded, and still we just move on like nothing has happened.
http://powderedwigsociety.com/2014/04/03/poof-there-goes-the-bill-of-rights/ - 59k -
Bill of Rights or Temporary Privileges - YouTube
http://www.youtube.com/watch?v=u8_fkPxdIE8 - 147k - Cached - Similar pages
Feb 4, 2013 … George Carlin was a pretty smart guy. Do we really have a Bill of Rights