The Housing Bubble

Obama bit my sister once.

Just once?

comrade! long time no see!

Why and how would America continue keeping pace with countries with less income and wealth inequality?

can you say “self defeatism” comrade? i knew you could!

USA is not a rich country as we were before.

thanks to socialist policies that really got going since the 60s and especially now under your hero obama.

34 years and tears of TrickleDown baby.

typical dumb lib talking point. do you know what supply side economics is comrade?

have you figured out what ‘demand’ is yet, comrade?

Most all of our huge productivity gains the past 40 years have only gone to the rich.

everyone benefits from productivity gains comrade.

by the way, it’s smart of you to ignore me since you never have a leg to stand on. but it’s a bit short-sighted since i can squash everything you say without even having to look back for any comment from you. keep ignoring me. it’s much less work for me.

have a nice day komrade closer.

exactly what i’d say about the left wingers.

I guess it’s matter of opinion, but 55 - 65 is not generally considered old age.

It’s only “middle aged” if you live past 100. Being that it’s currently 78, then I would say that being 65 is definitely old.

Any smart people who do generally become less smart over time.

Let me translate from left-wing to English. If you stop watching CNN, you will not know what the Kardashians are doing. You might know how we are accumulating debt and inflating the money supply but “smart” people know the cool stuff.

The best example of what I’m talking about is the way that the word “socialism” suddenly became so popular six years ago. Out of the blue the right wing media started using this word and tens of millions of Americans fell in love with it.

You ask Fox viewers what socialism is and they don’t know. Sometimes they give the wrong answer. Sometimes they can’t give any answer. They literally don’t know what they’re talking about. But they don’t care. The right wing media makes them angry at the liberals and they love that feeling of anger.

You ask Fox viewers what socialism is and they don’t know.

neither will abc, nbc, cbs or msnbc viewers. there are many definitions of socialism.

karl marx gave the most accurate definition.

That may be true, but it’s the Fox News viewers who use the word profusely. For any given person, there are thousands of words that that person doesn’t know. It’s the use of an unknown word that makes a perons look foolish.

You’re coming down with a bad case of Lolitis.

That may be true, but it’s the Fox News viewers who use the word profusely.

perhaps then they’re waking up to what a socialist, tyrannical nation we’re becoming.

For any given person, there are thousands of words that that person doesn’t know.

trivially true.

It’s the use of an unknown word that makes a perons look foolish.

you mean like the people on the left that use the word ‘racist’ and can’t define it?

That may be true, but it’s the Fox News viewers who use the word profusely.

perhaps then they’re waking up to what a socialist, tyrannical nation we’re becoming

That’s unlikely and beside the point if they don’t know what the word means.

It’s the use of an unknown word that makes a perons look foolish.

you mean like the people on the left that use the word ‘racist’ and can’t define it?

Yes, that would be the same phenomenon. I don’t think that it occurs much less frequently.

You’re coming down with a bad case of Lolitis.

That’s a great contribution to the conversation, HA.

I don’t take kindly to counterfeits.

That’s unlikely

hardly, since that’s what’s happening.

beside the point if they don’t know what the word means.

they’ve got it close enough for government work.

I don’t think that it occurs much less frequently.

i don’t think it occurs less frequently either.

I meant to write that I think that it occurs much less frequently.

I meant to write that I think that it occurs much less frequently.

oh, so you think lefties understand what racism is? can you define it?

@mightymike

i answered you but it didn’t go through. it was a short response, but Ben might not have liked the direction it was going.

i just wanted you to know that i did answer.

Yes, I can define racism. Can you?

i don’t think you can. wanna try?

You don’t realize it, but this is getting ridiculous. I’ll go ahead just for the hell of it

Racism involves a couple of related concepts. One is the idea that members of certain races are better in some way than other races. For example, the belief that members of a certain race are less intelligent, less industrious, or more dishonest than members of others races.

Another aspect is the treatment of individuals based on their race. An example of this came up in a little discussion that I had with Dan a few months ago. The subject was the NYC police department’s stop and frisk program. A claim was made by people in New York that stop and frisk was wrong because it appeared to target young minority males. Dan said that it wasn’t racist because black and Hispanic males commit crime at higher rate than whites. My opinion was that that’s the very definition of racism - to treat people in a certain way based on his race, as opposed to treating everyone as an individual. I didn’t think that it was reasonable to treat individuals in a certain way because people who look like them may commit crime at a higher rate than people who don’t look like them.

Finally, another manifestation of racism can a general animosity toward all members of a certain race. This is also called prejudice. Sometimes an individual will have an unpleasant experience with a member of a different race and, as a result, develop a hatred towards all members of that race. That would be an example of what I mentioned above - failing to treat everyone as an individual.

As I said, this is getting ridiculous. But would you like to share you definition?

i will share my definition, i promise. but first i want to ask you a couple things about your answer.

by the way, i give you credit for not running to a dictionary..

you said: “One is the idea that members of certain races are better in some way than other races.”

“better” is always a judgement call. there are measurable difference among races. is acknowledging difference racism?

you said: “Finally, another manifestation of racism can a general animosity toward all members of a certain race.”

what if there is no animosity for another race, just favoritism for one’s own?

ok, i won’t ask anymore questions. just answer these (if you want to) and i’ll give you my definition. or tell me you don’t want to answer my questions, and i’ll give you the definition anyway.

ok, here’s my definition of racism.

racism is any belief that causes one to act or not to act on the basis of race.

a racist action or inaction, is one that is based on race.

here’s an example to illustrate.

2 men. one is drowning in a river and the other has a lifeline on shore that he can throw to the drowning man.

if he throws the lifeline based on race, it’s a racist act. if he doesn’t throw the lifeline because of race, it’s inaction based on race.

it doesn’t even matter if they are the same race or a different race.

mike, two replies are coming.

Yes, clearly there are measurable differences between the races. Certain skin tones, facial features, hair colors, etc. are more common among certain races than others. Then there are medical phenomena. It’s well known that consuming too much salt can cause hypertension. That causation is more pronounced among blacks. Pointing that out is not racist.

Favoritism for members one’s own race is a form of racism because the person practicing such favoritism is not treating people as individuals. On the other hand, favoritism for one’s own culture is not racism.

i agree with what you said above and especially that favoring one’s own culture is not racism. many people adopt different cultures during their lifetimes.

Mike, I get your point about culcha, and am actually a credentialed elitist snob. However, I’m not willing to fight through the collateral garbage to get to the venues. I don’t happen to find the culcha payoff to be worth the proximity stress. If it’s a sub-zero day that’s snowing just shy of a shutdown in mid-winter, I’ll go.

Thanks anyway for the thought. As you can discern, I am already stuck in Dog’s armpit for now, Northern VA. Qualifies as a ‘city’ by virtue of proximity to the shrill libnazis, bone-deep corruption, homicidal minorities, and perpetually breeding illegal aliens in DC Metro. Moving ‘further out’ doesn’t pay. The time cost of every incremental mile is horrendous.

It can take 45 minutes to go four miles in any direction from Tysons during peak rush (8 AM +/- 1.5 hr, 5 PM +/- 2.5 hrs). Anyplace I’d want to live is a minimum of fifty miles out - beyond where the majority will go. Even then, I’d want a geographic safety buffer between me and encroaching attitude. So make it a hundred miles, in a place with no way to get out via public transportation, in order to keep out the breeding illegals.

Never having been to Lagos, I’d opine that Metro DC is probably better than Lagos - but only just.

There is one - and only one - good thing about the area: get caught in a bad situation (like, a division or entire function is canned) - you walk across the street and get another job. I’m not joking, I’ve seen it happen to a minimum of two people other than me.

Never could figure out why the pm rush hour is actually five hours whereas the am rush hour is more concentrated. Anybody who is better at figuring this out than I am, I’d very much appreciate your insight.

If you’re too blind to see it, you’re just fooling yourself.

he’s not fooling himself, he’s trying to fool everyone else. he’s just a mouthpiece for the left. the poor ol’ commie comrade closer.

Chicago has been controlled by the Dems since forever. Their policies have resulted in a terrible situation.

Which policies are those?

Rio, please open your eyes, your just not being realistic in this at all.

When there were jobs and America had not given away the farm to the rich, Detroit was thriving and the Black people had plenty of jobs.

Constantly comparing Obama to Detroit and “Chicago politics” has a racial aspect and you all know it good and well. To the right:
Please open your eyes, your just not being realistic in this at all.

And no, race is not going to be taken off the table of reality just because the far-right says it will be or wants it to be.

Detroit was dying by the early 70’s during the period when the income tax rate was 70% for the rich. Sorry, but facts are stubborn things and they do get in the way of leftist talking points.

Rio,

They’ve been in control of Chicago since the 60’s at least, probably longer. Look it up yourself.

Giving a single mom spending money is a good thing for her and the kids, except that they give them more if the dad isn’t present. Therefore in many young families, the dad takes off so the mom and the kids can have more money. This has result in a higher than normal occurrence for single family homes, which is a main precursor to poverty.

Since Illinois welfare is better than the other states, those seeking help move to Illinois, creating a bigger group of people feeding at the welfare trough.

Not having a dad around means young men grow up without a good male role model. They find that role model in the local gangs, increasing crime of all kinds.
Do you think those boys miss not having a dad around????

Government rules about gun control has the effect of taking the guns away from the law abiding, but not for the unruly. Since the unruly think that the law abiding don’t have a gun, they’re more likely to attack/rob them increasing the crime rate. Politicians run around with armed guards but the little people have to make it on their own.

There are many other things but I’m not about to waste any more of my time.

BH (aka dirtybird)

When there were jobs and America had not given away the farm to the rich

how did they ‘give away the farm to the rich’ comrade? what does that mean?

Detroit was thriving and the Black people had plenty of jobs.

because the socialists had not driven it to ruin yet.

if the discussion isn’t about race itself, then the first person to bring up race is the racist. you are the racist comrade. and the worst kind.. a ‘race baiter’. you are pond scum, komrade.

Constantly comparing Obama to Detroit and “Chicago politics” has a racial aspect and you all know it good and well.

more from our resident racist.

To the right: Please open your eyes, your just not being realistic in this at all.

to the comrade: pot meet kettle..

And no, race is not going to be taken off the table

racists never take race off the table.

just because the far-right says it will be or wants it to be.

you will always be a racist, won’t you comrade?

Constantly comparing Obama to Detroit and “Chicago politics” has a racial aspect and you all know it good and well.

I think that the reference to Chicago-style politics from people like Karl Rove was originally supposed to the Democratic machine that was run by the first Mayor Daley fifty years ago. That machine had a corrupt reputation, including voter rolls that showed dead people voting. I think it’s that history that very little people know about.

Detroit was dying by the early 70’s during the period when the income tax rate was 70% for the rich.

But it was doing better in the 1950s when the top income tax rate was 90%. So that’s how the Democrats caused the problems. It was that JFK who came up with the idea of lowering that top rate.

But it was doing better in the 1950s when the top income tax rate was 90%.

nobody paid those rates. there were many, many deductions to take back then.

How is a house “defaulted”?

CA still has all those houses to process yet. Its a mess in that state.

LPS (Black Knight) estimates 3.8MM mortgages in either foreclosure or delinquency in the entire COUNTRY. CA has a small fraction of that to process.

That’s current condition.

Now back to the already defaulted inventory of 4.4 million houses in CA.

ALL homes with loans are included in their estimate of 5.1% non-current rate (many of whom will cure and never go through foreclosure). This is about 350k homes in delinquency (1 missed payment all the way through being foreclosed upon).

What is missing are those who have already been foreclosed and not resold into the market…there are about 40k of those.

The 350k are “already defaulted” and the 40k are “already foreclosed”.

There is no other “already defaulted” inventory.

False.

You’ve been schooled on this one before and here you are running from it again.

Also citing evidence which is now about a year old. Due mostly to student loans and car loans total debt has been increasing for a number of quarters.

From a March 28 yahoo article, now combine that with government debt, federal, state and local and you will see that deleveraging is a joke, some occurred early due to foreclosures and bankruptcies but we are back to going further and further in debt:

The U.S. is in the midst of a private debt crisis.

As of March 2014, American consumers owe $11.52 trillion in debt, an increase of 1.6% from last year. The average household owes $7,115 on their credit cards and the average indebted household owes $15,252. Americans owe $8.05 trillion in mortgages (the average mortgage debt being $152,209) and $1.08 trillion in student loan debt. When combined with corporate debts the U.S. collectively owes about $28 trillion in private debt.

“$28 trillion in private debt.”

Anyone who renounces debt is an hero and a patriot.

Great point Oxide. And don’t forget to add in a CPI increase each year for the rental rate. Buying a home locks in a majority of the costs for 30-years.

…. at a grossly inflated price.

“rent…the same debt as mortgage debt.”

Obviously you are not aware of the concept of “degrees of freedom”. It is a math concept well worth the study.

In the distant past a friend of mine bought a pig. The pig had piglets. He found he could get pig feed for free at the local produce distribution center. Tons of food was condemned upon inspection there. So he bought a truck to haul the pig feed. He got a second job working in the kitchen of a local restaurant in the evenings to make the truck payments. He told me eventually that he found it tiring. I said “pig slavery”.

Ha! He killed the pigs, sold the truck, nailed the worn coveralls to a tree and quit the second job. He then had more “degrees of freedom”.

Blue, I love it. I was taught the fundamentals of df in statistics and experimental design. The theory, awa the application. I love remembering back. A whole new way of looking at the world. Knocked my sox off.

Thanks for bringing it up.

At the Boston Marathon.

+1. Igor does not like Putin because he makes a fool of Obama.

All kidding aside, I would not be at all surprised if, ultimately, Putin let the tartars and chechens go, AFTER consolidating areas more heavily Russian. Of course that remains to be seen.

Meanwhile, the US continues to cede more of its territory to Mexico, de facto.

Of course we knew Dannie would rush in to defend the oligarchs’ best friend SuperPutie. Jose you just need to be as cynical about Putiepoot as you are about our own government. Putin’s about as anti-imperial and freedom-loving as Stalin was.

The enemy of my enemy is my friend. The Soviet Union was an ally of the U.S. against Hitler and we did not insist that the Soviet Union become a democracy to be an ally. Those that oppose globalism need allies, Russia is far from perfect but as in WWII, Russia is a needed ally.

Igor, I’m under no delusions about Putin. A Russian emigre I met in Tampa told me in no uncertain terms what Putin is all about, but her take was that a bit of an iron hand was needed to bring Russia into the 21st century and then re-configure.

My objection is mostly to the interference of Washington in matters that should be none of its concern, especially when there are so many problems at home. Nor do I think Washington ought to be creating all these “color revolutions” at the behest of the EU.

As far as the Boston Marathon, yes, I’ve thought about false flags. My rather tasteless quip had to do with the fact that the brothers Tsarnaev are Chechen, and indeed never should have been in the US in the first place. My take is that they were meant to be trained here to return home and be part of another “color revolution” and that little Fed operation went horribly wrong. Really stinks that their associate in Orlando was conveniently “snuffed” before he could speak out.

I’m under no delusions about Putin”

Nor am I under any delusions about the fact that our gov is part of the Banking Clan. But unlike some, I don’t embrace an imperialist authoritarian just because he appears to oppose our own system. I hate them all.

“Bring Russia into the 21st century, and then reconfigure”

I think that’s more or less every dictator’s claim.

A lot of foreigners were hoping that our Imperialism would be scaled back under Obama. Fat chance.

Socialism/Communism is not possible in one country or even a group of countries. The globalists cannot allow countries outside their orbit. People with talent my flee to free countries. The model of socialism that they are imposing is closest to the fascism model so the very wealthy will have even more power. The irony is the people that they are using to obtain power will be discarded as just “eaters” after they obtain the power. If you think that these sociopaths will have any trouble with eliminating virtually the entire population of Detroit for the “good” of mankind, you do not understand the .01%. People like Lola/Igor are just dupes as is Obama.

my=may

OK, several things.

You waited through two decades of the biggest ramp up of house prices to buy, biding your time for a collapse? That doesn’t make sense.

House prices went up by a factor of three while you were renting. You missed the big inflation. You bought at 2004 prices, nearly a 40% discount? Can’t believe DC could drop 20%. Seems like a logical disconnect. The next leg down, which you cannot imagine happening will blow past that 20% without looking back. Check out the 40 year Case Shiller graph.

We’ve discussed before the 4% per year increase in rents to infinity. You are sure of that based on the past. I am confident it is not sustainable. That one thing changes the math drastically.

A person saving for something in retirement doesn’t do so by borrowing the money up front and paying it off at interest while the collateral deteriorates. It’s just the way math works. Would you buy your retirement car this way? A person saving for something in their retirement lives below their means, meaning a single person not living in an expansive 3/2. The choice you made was to live large now, pay for it later. That’s not a savings plan. Are you really planning on retiring in that house?

I don’t mind that you bought a house or that you borrowed to have rather instant gratification. I just mind the inside out math.

“Rent Slavery”. That was classic!

You waited through two decades of the biggest ramp up of house prices to buy, biding your time for a collapse? That doesn’t make sense.

She bought cheaper than renting. It’s been what, almost 3 years now? She could have it paid off in 12 more years. Rents and prices have increased since then.

The next leg down

In rents? When in DC in a meaningful way the past 80 years?

Blue, I didn’t have much control over when I was born. I wasn’t “waiting to buy” during that ramp-up. I was getting an education and establishing a stable job.

All of your other points can be refuted with the same basic concept: if you’re not paying a mortgage, you’re paying rent. I already went over the calculations. Paying rent is losing ground, and I was losing more ground with every renewal.

(Rio, I’m basically set up for a 23-year mortgage.)

Then refute them then. You’re still here desperately seeking the vindication that will always be elusive. You’ve yet too refute anything here even once.

“Rent for X years, wait for housing to craaater, buy low? News flash: I DID THAT. I rented for 18 years, waited for housing to craaater…”

then:

“I wasn’t “waiting to buy” during that ramp-up. I was getting an education and establishing a stable job.”

Pardon me Oxide, I enjoy a good conversation as much as anyone, but the only thing you’re refuting is what you just said.

Then you’ll like my grammar. Skye, you read it as “rent for X years, waitING for housing to crater. What I wrote was that I “waitED” for housing to crater, which is different. In other words, I rented for some years , THEN waited for some more years for housing to craaater, and THEN I bought.

To be fair, more accurately, it was renting for 11 years, and waiting for 6-7 years to buy. It was during that 6-7 year period that I deliberately didn’t buy. Not coincidentally, those were the 6-7 years that I was on HBB, explaining why housing was going to craaaater. And I was lucky. The full craaatering came while I was waiting for the job to become stable. Then the commercial LL played rent games, which made it really easy for me to decide to buy and tell them to kiss off.

Admittedly, I did not know about the mass of investors snapping up homes to rent and causing the 2013 bubblet.

But Ben was right — investors were looking first and foremost for appreciation. Just another variation on buy low sell high. That’s why they stopped so suddenly. But they knew they could rent out as a backup plan, which I think justified the risk. Yesterday’s Tampa Bay article about investors not being able to collect high rents to please their Wall Street masters was delicious.

“The full craaatering came”

If that were true, we’d have seen prices roll back to pre-bubble level. It didn’t happen. This you can look foward to now.

Yes, the “full cratering”. It was a two year rollback on a 40 year credit mania. You haven’t seen anything yet.

May you always have a second chance to rewrite what you wrote with random Caps! I think that is called ducking and weaving.

“Yesterday’s Tampa Bay article about investors not being able to collect high rents to please their Wall Street masters was delicious.”

Really? This defies your basic assumptions. If you were to embrace this deflationary reality, your whole rent/buy spreadsheet would blow up in your face. I know it is a long way from DC to Florida, but when you live at the center of power, the distance is a foretelling with leverage.

On another note, I keep hearing things that point to peak government. Requests for a Constitutional Amendment are in from several states to curtail the influence of your Corporate Masters in elections. This I hope will be in the lines of women’s suffrage and racial equality. It is the fight to be in. May I live to see the death of K-street! Maybe the lab you are a tech in will survive, I have no idea what they do, no one asked me if I wanted to pay for it.

It’s reality my friend. A 250% premium. You got ripped off and there isn’t a buyer out there for a fraction of the amount you’ve got in it.

“and there isn’t a buyer out there for a fraction of the amount you’ve got in it.”

Well, then I guess we aren’t in a bubble anymore. Glad that’s over.

Me too. Now get slashing those prices.

Speaking of global warming, the Great Lakes ice coverage is at record levels this year,

Speaking of global warming, It was so cold here the other night that I had to wear socks. Good news, IMO

Speaking of global warming, It was so cold here the other night that I had to wear socks. Good news, IMO

You need to stop standing on the corners in D.C. just wearing socks. You are traumatizing young children.

Like fires have not been part of the Western landscape even prior to the arrival of man?

Carbon taxes not working out so well in Cali:

http://calwatchdog.com/2014/04/21/sen-steinberg-dumps-carbon-tax-idea/

AQDan is a lawyer?

Sorry if I hurt your feelings.

Not at all. I just assumed it was because you consider me to be too sensible to be an attorney, I get that a lot. But Mighty Mike could not afford my rates, if I decided to practice in criminal law. I have done some pro bono in criminal law but I prefer complex litigation, more interesting and more lucrative. However, these days I am in-house and prevent problems not profit from them.

I have done some pro bono in criminal law but I prefer complex litigation,

OMGosh, you are a lawer ADan? How? How can you possibly be any good at “complex litigation” if you appear totally baffled by complex math, science and long term trends? You appear to not even be able to grasp the fact that Obama has inherited and continued the long term policies of TrickleDown -34 years of SupplySide tripe. You think that every president gets a total economic and policy re-set every time he enters new office. How, when and where could this ever be possible in America? I see very little flexibility and/or originality in your thinking. It’s boilerplate talking points most of the time.

So how can you be any good at “complex litigation” when you don’t seem to grasp even simple trends let alone complex ones?

If you are good at “complexities” in your work, then you obviously making up a lot of BS on this blog - you have a political agenda.

If you really believe what you say, there is no way on earth that I’d hire you as a lawyer. IMO you could not come close to cutting the mustard when faced with a decent opposing lawyer. Other than that, you rock.

You have no idea what I can afford. That’s more evidence of your lack of interest in facts.

You have no idea what I charge so we are even.

No, we’re not even. You claimed that I couldn’t afford you.
I never claimed that I could afford you. I have no idea whether I could. I say that because the information is not available.

MightyMike you jump to the conclusion that I was not mentioned because the she did think I was a good attorney and then try to assert that I jump to conclusions? Please, you are so contradictory today trying to attack me, you have abandoned all logic even for a lefty.

Rio, every new attorney takes the same standardize test as part of his or her bar exam. I scored in the 99% of all attorneys, believe it or not it is a fact. In fact, I scored higher than the highest applicant in many states. Sorry if your IQ is so low you cannot even fathom when you are being shown to be an idiot.

scored higher than 99% of the applicants.

Did you see what I wrote to Dolly? It was a question. I didn’t jump to any conclusion.

Come on, it is a push question, anyone with an IQ above room temperature knows that you were making an assertion with that question. In the law it is the same as asking a witness are you still beating your wife? You need to have some basis to even ask a question like that. Mike why don’t you just go back to trying to discuss issues instead of engaging in ad hominem attacks so I can just discuss issues?

It was a bit of an insult, but there was no assertion. Or to use legal language, there was no intent to assert. There are three lawyers who post regularly or ocassionally on this blog. I saw that Dolly only listed two, so a little joke occurred to me. It would make absolutely no sense to assume that Dolly thinks that you’re a bad lawyer. I don’t recall Dolly ever expressing any opinion about you. My assumption was he/she just forgot you while quickly typing a remark. Nevertheless, I saw it as an opportunity to make a little joke.

This brings up something that I find interesting on this blog. A number of people feel a need to brag about their academic achievements. I have a STEM degree! I’m an enginerr! I’m a magna cum laude engineer! I got a high score on an IQ test once!

The topics that discussed on the HBB don’t require a great deal of intelligence or education to understand. There’s not a lot of challenging math involved.

‘not a lot of challenging math involved’

I don’t know about that. Look at how many fail to understand $200,000 is a sh*t load of money.

How can you possibly be any good at “complex litigation” if you appear totally baffled by complex math, science and long term trends?

Because “It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” (Upton Sinclair)

From what I can tell, A-dan is well-paid to represent the fracking and natural gas industry. Instead of using his intelligence to understand the science, he uses his intelligence to cherry pick favorable data and ignore unfavorable data, thus carefully drafting feel-good logical fallacies to make his masters all gooshy on the inside.

Good summary. If Occupy had stuck on the 1%, the stock tax, and outsourced jobs meme, they would have had a chance. To this day I wonder what would have happened if they had actually acted like they wanted jobs, like wearing office clothing and Occupying during working hours, networking on their iPads. They might still be there.

Now, Occupy is occupied with “saving” the homes of old ladies who were living in a house for 40 years yet inexplicably “roll” still had a mortgage payment.

So as the average IQ in the U.S. drops in relation to the European countries our advantage over them in wages drops, I could not have seen that coming. (sarcasm off) Canada recruits many Asian immigrants with a higher IQ, we let people pour across our border with low IQs. If you have an IQ above room temperature, you can see where this will lead. But hey lets give all the illegal immigrants amnesty and let them bring in their families. We can probably lower our national IQ to about 92 with that move. The closer our country’s IQ is to room temperature the more likely a permanent democratic majority will be in place.

Is there a difference between ” very good” and “actually very good”?

The first 3 minutes you’ll watch and think it is childish because it is animation made of stick figures…but if you watch it all, it’s far from childish.

Does it discuss the tens of millions of excess empty houses?

Nobody is arguing here.

4.4 million excess empty and defaulted houses in CA is your problem.

time to man up and marry those single momz, beta boyz

just sign over your check right there on the dotted line…

You need to track down the daddies and ask them. Follow the money.