April 28, 2014

Bits Bucket for April 28, 2014

Post off-topic ideas, links, and Craigslist finds here.




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151 Comments »

Comment by goon squad
2014-04-28 01:00:21

Buy a house today and your losses will be incalculable.

Comment by Kidbuck
2014-04-28 05:48:21

I get pleasure from buying lots of things. I enjoy owning and using them.
I couldn’t care less about resale price of anything I buy.

Besides, if I decide to sell one of my highly leveraged houses for less than the mortgage the banks and tax payers eat the loss, not me.

Comment by Mr. Banker
2014-04-28 05:57:45

“the banks and tax payers eat the loss”

Well, you’re half right.

 
Comment by Housing Analyst
2014-04-28 05:58:29

Then you may as well walk away now.

Comment by IE LANDLORD KING
2014-04-28 13:05:40

U.S. pending home sales jump, end losing streak

WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes rose in March for the first time in nine months, a sign the housing market could be stabilizing after suffering a setback from a rise in interest rates and a severe winter.

The National Association of Realtors said on Monday its Pending Home Sales Index, based on contracts signed last month, increased 3.4 percent to 97.4. The increase beat economists’ expectations for a 1.0 percent advance.

These contracts usually become sales after a month or two, and March’s rise suggested home resales could rebound in the months ahead.

“The stronger pending home sales report hints at resurgence in housing market momentum during the typically busier spring buying season,” said Gennadiy Goldberg, a strategist at TD Securities.

Goldberg said the data suggested housing would continue to support U.S. economic growth in the coming months.

http://finance.yahoo.com/news/u-pending-home-sales-jump-end-losing-streak-140211609–sector.html

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Comment by Housing Analyst
2014-04-28 14:23:50

Hello RealTroll. ;)

 
 
 
 
Comment by LolaLOL
2014-04-28 06:11:13

Maybe not buy today, but what about yesterday and this weekend?
Questions for all of our shill friends who will wake up to pimp later:

How did the open houses go this weekend?
Did you get them to sign on the dotted line?
Were there 5 offers for every house?
What happened to all that pent up demand?
Is anyone still offering to feed the squirrels?

Comment by Whac-A-Bubble™
2014-04-28 23:42:55

Empty rental home next door with For Sale sign posted out front is still an empty rental home, four weeks after it went on the market for 25% above the highest comp that ever sold in the area.

I guess they plan to sell it by Dutch auction.

 
 
 
Comment by goon squad
2014-04-28 01:46:09

Bad racis, bad

http://www.truthrevolt.org/news/sharpton-wants-clippers-owner-axed-prepared-rally-front-nba

As much as the Media/Academia Race Hustlers Industrial Complex™ would love to script the narrative of this bad, bad racis, unfortunately he is a lifelong member and campaign donor to the Democrat party

http://m.nationalreview.com/corner/376641/racist-clippers-owner-donald-sterling-democrat-tim-cavanaugh

Comment by Blackhawk
2014-04-28 06:05:49

Shocking I tell you.

 
Comment by LolaLOL
2014-04-28 06:12:49

This can’t be true, all rich old white guys are republicans.

Comment by AbsoluteBeginner
2014-04-28 06:23:47

‘This can’t be true, all rich old white guys are republicans.’

Gee, wonder if the media will use the cockroach analogy. Not.

Comment by chilidoggg
2014-04-28 08:53:21

“Hey, Wang, this is an exclusive club, so don’t tell them you’re Jewish.”

“How’d you like to make twenty bucks the hard way?”

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Comment by Mr. Banker
2014-04-28 06:16:03

“At the time TMZ released its recording, Sterling was scheduled to receive a lifetime achievement award from the NAACP.”

Bahahahahahahahahahahahahahaha.

Comment by DonSterlin'
2014-04-28 06:38:29

Another million will fix this. Trust me on this.

 
 
Comment by LolaLOL
2014-04-28 06:16:13

And to keep it on topic, isn’t this guy a real estate mogul?

Comment by DonSterlin'
2014-04-28 06:35:07

Yes I am.

Comment by LolaLOL
2014-04-28 07:39:45

Daaaaang it, beat me to it. Now I have to think of another play on lola. Maybe OutbackMangoHouse.

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Comment by jose canusi
2014-04-28 07:47:07

Great scandal, though, isn’t it? It’s got everything, sex, money and race.

I guess there’s a wronged wife who got upset because her hubby was thinking with his dong and giving some major gifts to his mistress. Looks like she filed a lawsuit for the return of community property. The mistress sees the meal ticket slipping away and starts recording the conversations. And releasing the recordings. I guess, if she’s gonna go down (pun intended) she’s going to take the husband and wife with her.

She’s doing a pretty good job, but what’s her shelf life after this?

 
Comment by jose canusi
2014-04-28 08:51:41

What’s even more delightful is watching Obama get down from his lofty perch and wallow in the mud by weighing in on something that is little more than a cheap sex hustle. Oh, wait….

 
 
 
 
 
Comment by goon squad
2014-04-28 01:56:06

Welcome to the recoveryless recovery

http://www.infowars.com/americas-consumers-are-dropping-not-shopping/

And if they can’t afford to buy McDonalds, they won’t afford to snap up all those $500,000 starter homes

CRATER!

Comment by In Colorado
2014-04-28 08:27:47

Well, the “dollar menu” is now the “value menu”. No more $1 double cheeseburgers for the lucky duckies, I’m afraid. And even if they were still $1, since everything else has gone up, Lucky Ducky couldn’t afford it anyway.

 
 
Comment by goon squad
2014-04-28 02:13:31

toyota’s north american operations leaving marxist union goon california for invisible hand of the free market, bootstrapping, rugged individualist, job creator utopia texas

http://www.reuters.com/article/2014/04/28/autos-toyota-motor-marketing-idUSL2N0NK01V20140428

Comment by Blackhawk
2014-04-28 06:14:23

Maybe the CA lawmakers should notice how their tax laws are driving out the best companies. But in reality they’ll raise the taxes on those who stay.

 
Comment by scdave
2014-04-28 07:33:58

Read the article but it did not say how many were moving….

Comment by Blackhawk
2014-04-28 07:59:36

Obviously many employees will stay, but many will move. A fellow worker’s wife works for them but she travels from dealership to dealership. She’ll keep her job. Warehouses will probably stay. Otherwise? Why keep paying confiscatory taxes if you can avoid them?

 
Comment by Bill, just south of Irvine
2014-04-29 04:35:22

1000 are moving. 4000 have to pound the pavement. 5000 jobs leaving Torrance. The guys on KFI 640 discussing this said no way will another big company fill those 5000 spaces we quick enough to prevent the south bay from feeling the effects. They said the anti business situation in California is so bad that Toyota did not give California a chance to negotiate.

 
 
 
Comment by Housing Analyst
2014-04-28 02:47:53

“If you have to borrow for 15 or 30 years, you can’t afford it nor is it affordable.”

You’re correct.

 
Comment by Housing Analyst
2014-04-28 03:00:50

Lieberals=empty pockets and tire kickers.

 
 
Comment by albuquerquedan
 
Comment by goon squad
2014-04-28 03:49:58

Class warfare piece from libtard UK Guardian wets the bed on American Exceptionalism

http://www.theguardian.com/commentisfree/2014/apr/26/middle-class-american-dream-just-dream

“You work three jobs? How uniquely American” — George W. Bush

‘Merica f* yeah!

Comment by AbsoluteBeginner
2014-04-28 06:21:01

‘“You work three jobs? How uniquely American” — George W. Bush

‘Merica f* yeah!’

Thanks, I needed that on a Monday /s.

 
Comment by LolaLOL
2014-04-28 06:24:54

All I want in life is to be “upper middle class.” Seriously, I heard this phrase used yesterday and it struck me that it was a phrase I hadn’t heard in years. With all the class warfare out there and the new societal meme of get rich or die trying, no one want to be upper middle class any more. Hell, the ability to even have a layer like that seems to be going away.

It reminded me of phony’s every FEMA sector has to sign/check in line. If I asked everyone here to check in with their class, what would most people here self identify as, middle, upper middle?

Comment by Salinasron
2014-04-28 09:49:39

So what qualifies as “upper middle class”? Money,possessions,membership in certain organizations,etc? In all my years I missed this label.

Comment by Northeastener
2014-04-28 10:57:48

Income and/or assets.

Or you can take this little survey:

* Do you take destination vacations at least once a year?
* Do you send your kids to private schools?
* Does every driving member of your family have a late model vehicle?
* Do you dine out (or get take-out) more than once a week?
* Do any of your extracurricular activities include the following (golf, tennis, skiing/snowboarding, scuba diving, offshore(saltwater) fishing, trap/skeet shooting)?
* Do you own a vacation home or multiple residences for personal use?
* Do you have enough money in your checking account where you don’t bother to worry about making an incidental purchase at any point during the month or balancing said check book?
* Do you pay landscapers to maintain your lawn?
* Do you have savings outside of your retirement accounts?
* Could you afford to pay cash for one or more years of your child’s college education?

If you answered yes to 4 or more of the above, you may be considered “Upper Middle Class”.

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Comment by rms
2014-04-28 11:33:39

* Do you take destination vacations at least once a year?

Guilty

* Do any of your extracurricular activities include the following (golf, tennis, skiing/snowboarding, scuba diving, offshore(saltwater) fishing, trap/skeet shooting)?

Guilty

* Do you have enough money in your checking account where you don’t bother to worry about making an incidental purchase at any point during the month or balancing said check book?

Guilty

* Do you have savings outside of your retirement accounts?

Guilty

* Could you afford to pay cash for one or more years of your child’s college education?

Guilty

 
Comment by goon squad
2014-04-28 13:22:52

destination vacations? does sleeping in a tent or in the back of my truck 50+ nights a year count?

no kids.

newest vehicle is 6 years old, oldest is 15 years old.

dine out / take out? prepare 99% of my own meals.

extracurriculars? too many to list.

own zero residences.

balance my checking account at least twice a week, just because i like tracking every penny. and there are plenty of pennies in there.

no lawn. thats’s the landlord’s job, silly!

savings outside of retirement accounts? if bill in los angeles had a son, he would look like me.

child’s college education? if we become married dink’s does paying for our dogs’ obedience school count?

see also the book ‘the millionaire next door’

 
Comment by LolaLOL
2014-04-28 18:44:51

I like the list and appreciate it, but I think you need to take dining out once a week off the list. People eat out faaaar more often than 30 years ago. You could be going to Chipotle, have 5 grand in checking and 5 grand in savings and pay a gardener 75-100 bucks a month and be considered upper middle class.

Also maybe take out golf, skiing, fishing and tennis, lots do these now also.

 
Comment by Bill, just South of Irvine, CA
2014-04-29 20:18:32

+1 Goon!

If you only knew. In 1992 before Mosaic was big (precursor to Netscape, which itself was precursor to Internet Explorer), I was making my own food. But I had house payments. Okay go back 2 years. I was making my own food and renting a 2 bedroom place for $475. Wasn’t paid much but I graduated with MSCS that May (1990).

I had several directions to go. 1) work on a phd, all expenses paid by USN, 2) get out of the federal employment and go private enterprise, maybe consulting, which I knew nothing about and how to get in, or 3) buy a house and stay a feral employee.

I chose the dumbest of them. I chose 3.

 
 
 
Comment by MightyMike
2014-04-28 14:41:57

If I asked everyone here to check in with their class, what would most people here self identify as, middle, upper middle?

I think that if you asked everyone in America, most would say middle class. IMO the largest group should be identified as working class. At some point in the past 50 years we stopped calling people working class and the people formerly categorized as such were promoted to middle class.

It’s possible that the term upper middle class became popular around the same time. A lot of people who call themselves upper middle class should really just call themselves rich. For some reason they prefer to say that they’re upper middle class.

So the family with an income of $40,000 is lower middle class and the family with 10 times that income is upper middle class. Nearly everyone in American is in the same class in this way of thinking.

Comment by goon squad
2014-04-28 16:20:58

The articles some time ago reporting the alarmingly high percentage of people who couldn’t scrape together $2,000 in cash within a few weeks time says a lot about this country.

I’m sure many of them “own” $500,000 houses.

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Comment by LolaLOL
2014-04-28 18:51:18

400,000 in income for a family? I think that is the top 1 percent per a New York Times article I saw when I googled “household income ranking.” Is anyone arguing that 400k in income is middle class? C’mon.

It also said the top 5 percent was 188K and over.

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Comment by MightyMike
2014-04-28 18:59:15

I think that there are probably couples with a $400k income who say that they’re upper middle class. Remember the guy who calls himself Overtaxed? It sounded as if he and his wife had a combined income over $300,000 and he didn’t think that he was rich. That’s the sort of person who calls himself upper middle class.

 
 
 
 
 
Comment by Whac-A-Bubble™
2014-04-28 04:28:43

How are risky assets weathering the Crimean crisis?

Comment by Whac-A-Bubble™
2014-04-28 04:30:54

Bloomberg News
Putin Facing Junk Bond Rating That Interest Rates Cannot Prevent
By Ksenia Galouchko and Vladimir Kuznetsov April 28, 2014

The prospect of Russia being cut to junk amid the escalating crisis with Ukraine threatens to rekindle a market selloff that last week’s surprise interest-rate increase appears powerless to prevent.

The ruble, which slid after Standard & Poor’s lowered the nation to its lowest investment grade and said more cuts may follow, closed weaker still even as Bank Rossii raised its key rate by 50 basis points. The cost of insuring against losses on government debt rose to the highest level in more than two years, and bond yields climbed to a six-week high.

 
Comment by Whac-A-Bubble™
2014-04-28 04:32:28

Russia-West tensions pressure stocks, buoy oil prices
By Sujata Rao
Mon Apr 28, 2014 4:27am EDT

LONDON - World stocks held just off 10-day lows on Monday, pressured by tensions between Russia and the West over Ukraine, although European markets were buoyed by a 15 percent jump in takeover target AstraZeneca.

Markets, especially in Asia, also took a hit from signals that Chinese authorities are not likely to support the economy with more stimulus, but the main impetus was coming from developments in Ukraine.

Leaders of the Group of Seven (G7) major economies could announce far-reaching sanctions on Russia as early as Monday, extending previous limited measures against some Russian individuals and companies for their role in Moscow’s annexation of Ukraine’s Crimea region.

Heavily-armed pro-Russian separatists, who Kiev and the West believe are backed by the Kremlin, have proclaimed an independent “people’s republic” in the eastern Ukrainian city of Donetsk, while holding several European monitors hostage in nearby Slavyansk.

Fears of outright war are weighing on world stock markets, boosting oil prices and prompting some investors to seek safety in assets such as the yen, which was close to one-week highs against the dollar.

“With the Russia-Ukraine crisis rumbling on, affecting financial markets in both emerging and developed economies, investors are apt to ask for how long it will continue,” SEB analyst Per Hammarlund said.

 
Comment by Whac-A-Bubble™
2014-04-28 04:35:23

Asian Stocks Extend Declines For Third Day
4/28/2014 5:19 AM ET

Asian stocks fell for a third consecutive session in cautious trading on Monday, as prospects of additional sanctions against Russia over the Ukraine crisis and caution ahead of a slew of economic data due this week from Japan, the U.S. and China kept investor appetite in check. The United States and the European Union are readying fresh sanctions against Russia amid concerns the nation is adding to its annexation of Crimea with further incursions into Ukraine.

Chinese shares tumbled on liquidity concerns after the China Securities Regulatory Commission said its Public Offering Review Committee would meet on April 30 to review the IPO applications of four companies. The benchmark Shanghai Composite Index fell 1.6 percent to finish at 2,003. Banks bucked the downward trend to post modest gains.

 
Comment by Whac-A-Bubble™
2014-04-28 04:36:34

Gold stocks soar as tensions rise over Ukraine crisis
By Mike King - April 28, 2014

Ahhh, there’s nothing like the safety of gold, cans of baked beans and a remote cave to hide out in, as tensions over Ukraine escalate.

Ok, I exaggerate slightly, but gold prices have staged the longest rally in a month (that’s not really a very long time though), according to the Australian Financial Review (AFR). Gold reached a six-month high after Russia decided to annex Crimea from the Ukraine last month, as demand for sol-called safe-haven assets climbed. Gold has climbed 8.4% so far this year, compared to a 28% slump in 2013.

Tensions haven’t eased, with Western powers preparing to impose sanctions 2.0 against Russians in power, and Russia showing no signs of backing down.

Comment by Bill, just South of Irvine, CA
2014-04-28 20:11:03

The Russia/Ukraine crisis could be just a small portal to what underlying themes are occuring. How about a Russia deal with China on a big natural gas pipeline from Russia to China? Some people think it will be a big economic boost to that region and lessen the ties between China and the U.S. Even lead to dumping the USD.

Will E Warren have the cajones to stop the economic powerhouse forming in that region? The economies there may dwarf the US’s. I say no. E Warren does not have the skill.

And the next question is how could we stop the Chinese economy from surpassing ours. We cannot. If it’s a win-win deal for both Russia and China, it is going to happen. They will each develop even freer economic systems than ours and lower taxes than the USA. The USA essentially will be more communistic by comparison than Russia or China in a generation. Unless the American people get brains and dump the politicians for good.

Comment by tj
2014-04-28 20:37:21

Will E Warren have the cajones to stop the economic powerhouse forming in that region?

we should never try to stop any county’s economy from becoming strong. if every nation’s economy was stronger than ours, we’d be better off than we are now, even if our economy is weaker than all the rest. it’s not a zero sum game. strong economies help everyone.

but i’m still all for having the strongest economy. we just need a freer economy with the government tucked away in its proper role. instead we keep shooting ourselves in the foot by moving towards communism.

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Comment by tj
2014-04-28 04:28:52

Ben, in response to your post about liawatha ‘you didn’t build that’ warren, here’s an article that shows what a lying hypocrite she is.

—–

Cherokee genealogist Twila Barnes, whose group of researchers has done more than anyone to document Elizabeth Warren’s false claims to be Cherokee, was incensed at Warren’s continued insistence that she is Native American:

Let me make one thing clear. Your Native American issue has not been put to rest.

You say your “ancestry” played no roll in your hiring. That is not the only issue. You were listed as a minority in diversity reports. That is an issue. You admit you made the schools aware of your “heritage.” They counted you as a minority in their reports to the federal government when the criteria to list you as such had a two part requirement – you had to have both the ancestry and maintain tribal ties. Something you did or said led the two schools in question to believe you met those requirements despite the fact you didn’t….

You continue to skate around the issue by repeating the same story you heard growing up. You say you didn’t ask for documentation because you were a child. Excuse me, but you were not a child when you started “checking the box”; listing yourself in law directories as a minority; or were counted as a Native American for diversity reports.

You were instead, an adult, 37 years old, and a lawyer, when you professionally “became” Native American. To make matters worse, your mother was still alive. Maybe children don’t ask for documentation, but adult lawyers should….

As of today, you still refuse to release your personnel records from the University of Pennsylvania and Harvard Law School. If there is nothing to hide, why? …

No one really cares about your family or the stories you were told growing up, but we do care about your integrity. The “Cherokee flap” is important because it shows what you have done when you thought no one was watching. It is important because it shows what you have done when you thought you wouldn’t get caught. And it is important because it reveals you still think you can get away with it now that you have been caught.

Michael Patrick Leahy explains how Warren repeated old lies about her Native American ancestry:

In repeating her old claim that her parents were “forced to elope” because her mother had both Delaware and Cherokee Native American ancestry, Warren retold a story Breitbart News debunked in June with an article that showed her parents were married in a religous ceremony twenty miles from their hometown. Subsequent reports showed that their hometown paper proudly announced the wedding within days after the ceremony was performed on January 4, 1932.

In the debate Thursday night, Professor Warren also claimed that “the people who hired me for my jobs have all made clear they didn’t even know about it until long after I was hired.” In fact, she admitted to the Boston Globe in May that she herself had told both Penn and Harvard she was a woman of color prior to her hiring as a full time professor by Harvard.

In addition, she self identified as a “woman of color” in an article published by the Harvard Women’s Law Journal in 1993, two years before she joined the Harvard Law School faculty as a tenured professor in 1995.

Last night was a debacle for Warren. The Native American issue and how she reported it to federal authorities through Harvard is not going to go away.

http://legalinsurrection.com/2012/09/cherokee-genealogist-to-elizabeth-warren-your-native-american-issue-has-not-been-put-to-rest/

Comment by LolaLOL
2014-04-28 06:34:34

That makes her seem like a sociopath serial liar, which doesn’t surprise me seeing as how she is a politician and a senator. Rising to power through a tide of lies and stone soup stories, a great American tradition.

If the facts in that story are correct, the statists here better wake up. Instead they’ll get her in power and then spend their last breath defending her because she’s their guy just like they did with Bubba.

Does anyone here really think Bubba is not a sociopath, or Hillary?

People can say whatever the heck they want, my old man used to claim to be 1/8 Choctaw Indian for some odd reason probably involving a bottle. But I ain’t running for office and claiming its true. Such a culture of lies we got.

Comment by AbsoluteBeginner
2014-04-28 06:40:23

‘ Rising to power through a tide of lies and stone soup stories, a great American tradition.’

LMAO

 
Comment by tj
2014-04-28 06:56:59

Does anyone here really think Bubba is not a sociopath, or Hillary?

of course they are. and i agree with all you said above. warren is quite the prize, isn’t she?

 
 
Comment by Ben Jones
2014-04-28 06:56:39

‘in response to your post about liawatha ‘you didn’t build that’ warren’

I just posted part of this piece:

‘Ms. Warren was on the scene for the aftermath of that mess, when she became the chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program, which carried out one of the government’s major bailout deals. In her retelling, we watch as the banks that caused the crisis receive special treatment and costly rescues while troubled homeowners get little or nothing.’

‘The Congressional Oversight Panel, she writes, “couldn’t change a system that seemed hellbent on protecting the big guys and leaving everyone else by the side of the road.” About President Obama, she writes, “The president chose his team, and when there was only so much time and so much money to go around, the president’s team chose Wall Street.”

‘A second revealing story recounts an autumn 2009 meeting that the oversight panel members had with Timothy F. Geithner, then the Treasury secretary. Ms. Warren recalls asking why the government’s response to the foreclosure crisis had been so lackluster — the equivalent of trying to put out a forest fire with an eyedropper.’

‘In her telling, Mr. Geithner responded this way: “The banks could manage only so many foreclosures at a time, and Treasury wanted to slow down the pace so the banks wouldn’t be overwhelmed. And this was where the new foreclosure program came in: It was just big enough to ‘foam the runway’ for them.”

This is a doozie:

‘when there was only so much time and so much money to go around, the president’s team chose Wall Street’

Comment by Ben Jones
2014-04-28 07:01:23

A related matter:

‘Two years after Lynn Szymoniak helped the U.S. recover $95 million from Bank of America Corp. and other lenders for mortgage-fraud tied to the housing bubble, the whistle-blower said the government is ignoring a chance to collect more money for identical claims against other banks.’

“This is a case the government should take a stand on,” Reuben Guttman, one of Szymoniak’s lawyers, said in an interview. “It is curious as to why the government is not vigorously pursuing this along with us. They are leaving money on the table.”

 
Comment by tj
2014-04-28 07:02:35

This is a doozie:

true, and as you point out, there are so many of them to choose from with warren.

the lies were all out in the open before she was elected senator. she still won. they don’t care that she doesn’t have an ounce of integrity or the slightest bit of conscience.

 
Comment by rms
2014-04-28 11:52:01

“when there was only so much time and so much money to go around, the president’s team chose Wall Street”

Lawrence Summers chose Wall street? I’m shocked I tell ‘ya, shocked!

 
 
Comment by oxide
2014-04-28 09:26:11

Coke, pot, tax deductions, traffic jams, and car accidents are not enough to bring down a politician. This barely registers. To make you feel better, Warren is in her 60’s. She’s got one more term, tops.

Comment by Ben Jones
2014-04-28 09:49:57

‘She’s got one more term, tops’

That’s the best we can hope for from the Great Reformer? She sits in on one of the biggest wall street frauds in history and she writes a book about it years later. Not exactly driving the money changers out of the temple.

 
 
Comment by MightyMike
2014-04-28 09:52:12

In the grand scheme of things, it’s a quite unimportant story. I’m not sure why you’re going on about it at this point, tj.

Does this writer think that Warren should have checked the White box? Why does he think that? Is there documentation that proves that she’s a white person?

Comment by tj
2014-04-28 11:05:13

In the grand scheme of things, it’s a quite unimportant story.

disagree. it shows her slimy blackened character.

I’m not sure why you’re going on about it at this point, tj.

she richly deserves to be discredited.

Does this writer think that Warren should have checked the White box?

not just him, but me too.

Is there documentation that proves that she’s a white person?

you don’t quite get it. she sought to take advantage of affirmative action type perks for her career advancement, that she wasn’t entitled to and knew she wasn’t entitled to.

she’s lying and she know’s she’s lying and she continues to lie. she’s so contemptuous of everyone’s intelligence that she thinks she’ll continue to get away with it.

the sad part is that she already got away with it when she was elected. maybe she’ll continue to get away with it too, but she should be in jail.

let them take a swab of her dna and see if she’s 1/16 cherokee as she claims.

she’s a ‘you didn’t build that’ big government disaster from top to bottom. lizzie waren? she an economic lizzie borden.

Comment by MightyMike
2014-04-28 11:17:24

You didn’t answer the question. What proof is there that she’s white?

This is another game that certain media outlets play. We could talk about Senator Warren’s ideas about the financial industry. Wall Street prefers that those issues not be discussed. So some journalists oblige by writing articles to distract attention from the industry. This affirmative action story is perfect for those purposes. It stirs up a lot of emotion and anger.

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Comment by tj
2014-04-28 11:33:31

You didn’t answer the question. What proof is there that she’s white?

you didn’t get my answer. she doesn’t need to prove she’s white simply because there’s no advantage to being white. the advantage comes from being cherokee. if she’s going to take advantage of being cherokee, she needs to prove she’s ‘entitled’ to that advantage. again, she doesn’t need to prove she’s white. she needs to prove she’s at least 1/16 cherokee. get it now?

 
Comment by Northeastener
2014-04-28 11:46:27

What proof is there that she’s white?

Have you seen a picture of her? She’s white… as for “proof”, given the minority status given those of American Indian heritage, I would argue the proof is needed if you claim privileged minority status as opposed to the “unprivileged majority”.

FWIW, in MA, Native Americans can go to state universities like UMASS tuition free. How’s that for a minority perk? I had to enlist in the military to get anything similar and I had to have the paperwork proving I was a eligible for the GI Bill and tuition waivers… paperwork that showed I was affiliated with the Army. Where is Warren’s paperwork? Where is her proof? She took advantage of the system to advance her career and got called on it. Throw your cards on the table or be called a liar…

 
Comment by MightyMike
2014-04-28 11:50:24

What I get is that you’re inventing a new rule that applies to anyone who wants to claim they’re not white, which would presumably apply to everyone that you would consider to be non-white. So we’re talking about a special requirement of everyone in the country who is not white.

How would it work exactly? How would someone go about proving that she’s Indian or black or Hispanic?

 
Comment by rms
2014-04-28 12:01:56

Has the cabal forced this injun on the Western Wall junket yet?

 
Comment by tj
2014-04-28 12:03:00

What I get is that you’re inventing a new rule that applies to anyone who wants to claim they’re not white, which would presumably apply to everyone that you would consider to be non-white.

then you must know what the ‘new rule’ i’m inventing is. tell it to me.

So we’re talking about a special requirement of everyone in the country who is not white.

you’re unbelievably dense. your stance makes you look ridiculous, not intelligent.

How would it work exactly? How would someone go about proving that she’s Indian or black or Hispanic?

yeah, this is a whole new area. proving things about your heritage.

what’s to stop anyone from claiming anything about themselves for gain, if they don’t have to prove anything? what’s to stop the whole country from claiming they’re 1/16 cherokee?

 
Comment by MightyMike
2014-04-28 12:11:43

It’s not really a “stance”. In effect, you’re proposing that non-white people should have to prove that they’re not white. Just as Northeasterner wrote above that he had documents from the government proving that he served in the Army, where can people Indian or black or Hispanic get documents to prove who they are?

what’s to stop anyone from claiming anything about themselves for gain, if they don’t have to prove anything? what’s to stop the whole country from claiming they’re 1/16 cherokee?

You almost have a point here. However, if everyone claimed that they were part Cherokee, then no one would gain from all of those claims.

 
Comment by tj
2014-04-28 12:27:29

In effect, you’re proposing that non-white people should have to prove that they’re not white.

i said nothing even close to that. anyone reading this thread can see that.

where can people Indian or black or Hispanic get documents to prove who they are?

yes, birth records are really hard to come by these days.

You almost have a point here.

yeah, right. ‘almost’

However, if everyone claimed that they were part Cherokee, then no one would gain from all of those claims.

false, the gain might be equal, but it is still a gain. if everyone got $100 from the gov. for checking ‘1/16′ cherokee on a special form, then everyone would gain, even though everyone would gain the same.

of course some people wouldn’t do it because it would be dishonest. but that doesn’t stop tonto warren.

 
Comment by oxide
2014-04-28 12:40:10

Mighty Mike, all they want is to make it seem like Warren only got to her position through affirmative action, and therefore isn’t worthy of being Senator, is unethical, should be removed from office, etc.

 
Comment by tj
2014-04-28 12:48:30

all they want is to make it seem like Warren only got to her position through affirmative action

how would anyone know now, since that’s what she did?

and therefore isn’t worthy of being Senator

she’s a corrupt liar, but she’s also incompetent. she’s a disaster on almost every front.

is unethical, should be removed from office, etc.

i don’t dare have such lofty expectations.

 
Comment by MightyMike
2014-04-28 13:57:28

You wrote this:

the advantage comes from being cherokee. if she’s going to take advantage of being cherokee, she needs to prove she’s ‘entitled’ to that advantage. again, she doesn’t need to prove she’s white. she needs to prove she’s at least 1/16 cherokee. get it now?

I suppose that it could an unreasonable assumption that you think that all non-white Americans need to prove their non-white ancestry. Maybe you only want people who claim partial Indian ancestry to have to supply that proof, or maybe only Elizabeth Warren.

Then you wrote this:

yes, birth records are really hard to come by these days.

Are there states that issue birth certificates that identify people as being 1/16 Cherokee? I doubt it.

 
Comment by Ben Jones
2014-04-28 14:20:26

Well this is unfortunate:

http://www.reuters.com/article/2014/04/27/us-usa-basketball-clippers-idUSBREA3Q0KX20140427

‘The NAACP civil rights group will not honor Donald Sterling with a lifetime achievement award after the Los Angeles Clippers owner was allegedly caught making racially disparaging comments, the organization’s head said on Sunday.’

‘Sterling was severely criticized after the celebrity news site TMZ.com on Friday posted a 10-minute recording in which a person reported to be the NBA owner tells a woman not to post photographs of herself with black people online and not to bring African-Americans to Clippers games.’

‘The National Association for the Advancement of Colored People, the oldest civil rights organization in the United States, had planned to give Sterling a lifetime achievement award at its May 15 banquet.’

“He is not receiving a lifetime achievement award from the NAACP that’s coming up in the next few weeks,” Lorraine Miller, the organization’s interim president and chief executive.’

A lifetime achievement award? Then there’s this:

‘NBA great Michael Jordan said in a statement: “In a league where the majority of players are African-American, we cannot and must not tolerate discrimination at any level,” he said.’

Wait a minute; could he be saying white people can’t play basketball? I’m offended! I demand that there be affirmative action to force racist white team owners to put more white guys in the NBA. At EQUAL pay, too! And I had a Cherokee great-grandmother, so I don’t want to hear any back talk on this.

 
Comment by tj
2014-04-28 14:29:36

I suppose that it could an unreasonable assumption that you think that all non-white Americans need to prove their non-white ancestry.

it’s not only unreasonable, it’s a stupid assumption to make. it shows very little reasoning power on your part. you’re the one that brings up this ‘non-white’ crap. i’m only talking about people that get special perks, no matter what color or ethnicity they are. if a law is passed that some get special perks for being a certain skin color or ethnicity, then they need to prove that they qualify. what’s so hard to understand about that?

Maybe you only want people who claim partial Indian ancestry to have to supply that proof, or maybe only Elizabeth Warren.

you know better than this smarmy answer too. nowhere did i claim i want ‘only’ pocahontas warren to supply proof. i’ve been saying that ANYONE that gets special perks needs to supply proof. i wasn’t singling out sackageewarren for that.

Are there states that issue birth certificates that identify people as being 1/16 Cherokee?

another red herring. if you get special consideration for being partial any race, you should be required to prove that you qualify. the authority supplying the perks gets to set the requirements. that’s common. that’s the way it’s always been. one would assume that the authority handing out the perks wants those people to get them, so they’d make the requirements easy enough to comply with. if you know you’re 1/16 cherokee you should be able to prove it easy enough, else how would you know in the first place? and if you don’t know, then you probably aren’t, and what would you be looking for?

do you think she should have gotten the perks even if she’s lying?

your false insinuations and innuendos aren’t going to derail me from pointing out what a despicable liar she is. and as matter of fact, the more you protest, the more solid you make my case.

 
Comment by Rental Watch
2014-04-28 14:29:44

There are countless examples of highly qualified people who got fired after it was found out that they lied on their resume years prior.

It’s not about their ability to do the job. It’s about their integrity.

 
Comment by tj
2014-04-28 14:31:22

second paragraph is mine and should have been non-bolded.

 
Comment by tj
2014-04-28 14:35:20

And I had a Cherokee great-grandmother, so I don’t want to hear any back talk on this.

well that’s nothing! i’ve got high cheekbones and that proves i’m cherokee. where are my perks?

 
Comment by MightyMike
2014-04-28 14:53:35

you know better than this smarmy answer too. nowhere did i claim i want ‘only’ pocahontas warren to supply proof. i’ve been saying that ANYONE that gets special perks needs to supply proof. i wasn’t singling out sackageewarren for that.

Up above, I wrote this:

In effect, you’re proposing that non-white people should have to prove that they’re not white.

And you wrote this:

i said nothing even close to that. anyone reading this thread can see that.

So who knew what you were getting at?

Now, you write this:

if you get special consideration for being partial any race, you should be required to prove that you qualify. the authority supplying the perks gets to set the requirements. that’s common. that’s the way it’s always been. one would assume that the authority handing out the perks wants those people to get them, so they’d make the requirements easy enough to comply with.

Apparrently, none of the universities that were told about her alleged required any documentation, so she must not have done anything wrong.

 
Comment by MightyMike
2014-04-28 14:54:56

‘NBA great Michael Jordan said in a statement: “In a league where the majority of players are African-American, we cannot and must not tolerate discrimination at any level,” he said.’

Wait a minute; could he be saying white people can’t play basketball?

No, he didn’t say that, so don’t worry.

 
Comment by tj
2014-04-28 15:00:13

No, he didn’t say that, so don’t worry.

didn’t he just say he didn’t want to hear any backtalk? (sorry, this is just the liberal way)

 
Comment by MightyMike
2014-04-28 15:07:30

Actually, it’s more often the conservative way and sometimes it’s a good thing.

 
Comment by mathguy
2014-04-28 15:08:43

I love this:

“if you get special consideration for being partial any race, you should be required to prove that you qualify. the authority supplying the perks gets to set the requirements.”

Your forebearers get figuratively and literally raped at the hands of the invaders, then you have to have to comply with some bastard named tj’s rules 5 generations later because he says so!

What if the Cherokees adopt the people of this land as their own TJ? Fellow man, sharing the earth and all that.

 
Comment by tj
2014-04-28 15:09:50

In effect, you’re proposing that non-white people should have to prove that they’re not white.

first, no i did not say anything of the kind. your “in effect” is just more tripe from you. you don’t reason very well and no one should give your “in effect” any value. if you think otherwise, quit saying “in effect” and say what the “effect” is that you’re claiming. i’ll you right now that it’s as bogus as you are.

So who knew what you were getting at?</b?

apparently just about everyone but you.

Apparrently, none of the universities that were told about her alleged required any documentation, so she must not have done anything wrong.

she lied then and she’s lying now. that may be nothing to you, but most people think there should be consequences for lying. but i understand.. “what difference does it make NOW” right?

 
Comment by tj
2014-04-28 15:16:48

Actually, it’s more often the conservative way

no, actually it’s not.

remember.. according to liberals AGW is settled science.

by the way, did you know that we have about 50 times more polar bears now than in 1950? did you also know that polar bears right now are in danger of dying because of the arctic’s unusual gain in polar ice?

 
Comment by Ben Jones
2014-04-28 15:18:03

‘then you have to have to comply with some bastard named tj’s rules 5 generations later’

I lived in Alaska one summer. I learned all sorts of things. One was that the natives get a share of the states oil funds. But they have to prove they are Alaskan natives. It’s the tribes that insist on this so no phoney’s get in on the money.

 
Comment by MightyMike
2014-04-28 15:26:35

You were the one who wrote this:

the authority supplying the perks gets to set the requirements.

Think about it. Those universities who employed her were probably quite pleased to say that they had hired an Indian law professor. Their attitude may be, “Your family told you you part Indian? That’s good enough for us?”

 
Comment by tj
2014-04-28 15:27:22

Your forebearers get figuratively and literally raped at the hands of the invaders, then you have to have to comply with some bastard named tj’s rules 5 generations later because he says so!

ah yes, another reparations moron that thinks someone should pay for what their ancestors have done.

someone’s gonna rule for any number of generations. and the loser always gets ruled. but then you get some holier than thou creep that thinks he has a higher morality than anyone else.

how does feel to be up there so morally superior to everyone else? why don’t you be the first to start giving some of your possessions away to those you feel deserve it?

What if the Cherokees adopt the people of this land as their own TJ?

they’ll have to conquer it first. but you’re too dumb to see that that’s the way it works.

 
Comment by tj
2014-04-28 15:31:35

Those universities who employed her were probably quite pleased to say that they had hired an Indian law professor.

those universities weren’t using their own funds. they were using tax dollars that they were only too happy to give away to keep getting their overpriced student loans coming in.

Their attitude may be, “Your family told you you part Indian? That’s good enough for us?

of course that’s their attitude. why wouldn’t it be when they get to profit from that attitude?

 
Comment by Ben Jones
2014-04-28 17:32:50

And while the bickering continues, Wall Street owns both parties:

‘Wall Street Republicans’ dark secret: Hillary Clinton 2016′

http://www.politico.com/story/2014/04/wall-street-republicans-hillary-clinton-2016-106070.html

 
Comment by MightyMike
2014-04-28 17:39:36

And while the bickering continues, Wall Street owns both parties:

Yes, that was the point that I made above. Wall Street prefers that its ownership of the two parties is not discussed. They would the prefer that the mob devote their time debating things like affirmative action or the so-called social issues and leave the running of the country to the elites.

 
Comment by goon squad
2014-04-28 17:49:08

Holy shiznit. I can’t believe the conversation that this post provoked.

But I guess that’s what the Media/Academia Race Hustlers Industrial Complex™ wants, right?

 
Comment by Ben Jones
2014-04-28 17:51:57

Then why bother defending Warren? Her book says stuff that she should have been calling press conferences about. Instead, she puts out a book, years later. She obviously didn’t want to rock the boat. No matter what you think of her, or what she thinks of herself, a person like that couldn’t reform a Girl Scout troop.

 
Comment by MightyMike
2014-04-28 17:54:54

I don’t know about that. tj might say that the hustlers prefer that it is not debated.

 
Comment by MightyMike
2014-04-28 18:03:35

I wasn’t defending everything that she has ever done in her life. I was just saying that the attacks on her regarding her claims of Indian ancestry don’t make a lot of sense.

 
Comment by MightyMike
2014-04-28 18:10:49

There are a large number of stories about politicians and their histories or personalities that serve as distractions. For example, we’ve heard about how people like Dan Quayle, Bill Clinton and George W. Bush found ways to avoid serving in Vietnam while John McCain and John Kerry went and risked their lives over there. Those stories are really not important.

One could say the same thing about Richard Nixon and Watergate. It’s not that important. His decision to bomb Cambodia resulted in the deaths of many innocent civilians. On the other hand, he was the president who signed the law that established the EPA, which has probably saved many lives. Compared to things such as that, Watergate was just another distraction.

 
Comment by LolaLOL
2014-04-28 19:06:51

You need to go back to the first post. It is important and you were absolutely defending her. It…

“is important because it shows what you have done when you thought no one was watching. It is important because it shows what you have done when you thought you wouldn’t get caught. And it is important because it reveals you still think you can get away with it now that you have been caught.”

This is your great savior and reformer. You defend it and then later pretend to be some nonpartisan against all politicians type.

 
Comment by MightyMike
2014-04-28 19:15:18

I said above at 2014-04-28 18:03:35 that I was only defending her on the Indian ancestry issue, not on everything that she’s ever done in her life.

Also, I never pretend to be some nonpartisan who is against all politicians. In fact it was just yesterday or Saturday that I was criticizing the “against all politicians” attitude.

 
Comment by Ben Jones
2014-04-28 19:25:53

‘I was just saying that the attacks on her regarding her claims of Indian ancestry don’t make a lot of sense’

I think you are missing the bigger issue here. When Geithner gave her the foam bit, she should have grabbed Barofsky by the arm and forced her way onto every network channel in the country to expose it. Doing so may have saved hundreds of thousands of families, maybe a million, from being used by Wall Street to save their asses. And it might have derailed this insane government bubble re-flation, which will probably cause even more untold misery. It was a historic opportunity and she blew it.

 
Comment by MightyMike
2014-04-28 19:38:14

No, that’s my point exactly. Criticism of her job performance is something worth talking about. The Cherokee stuff is a distraction.

 
Comment by tj
2014-04-28 20:22:42

The Cherokee stuff is a distraction.

yes, you hate it when a lying liberal gets exposed. let’s not talk about her honesty and integrity.

you don’t care that she advanced her career though lies, do you? you’d like to talk about job performance. that’s much less hard hitting, no?

you can confuse people about her job performance like liberals always try (and mostly succeed) in confusing economics.

pure nonsense like her “you didn’t build that”.

it’s nonsense but it can be argued back and forth for a long time. and of course then people aren’t talking about what a lying, corrupt politician she is.

and what is the ‘cherokee stuff’ distracting FROM? what’s being done? nothing. that’s what liberals want to be done about their corrupt lying politicians. the only thing that matters to them is they parrot the liberal line.

 
Comment by Housing Analyst
2014-04-28 20:28:17

“yes, you hate it when a lying liberal gets exposed.”

And they go frantic when they’re fished out. I must say you and a few others have done a great job at exposing the lying basturds.

Lola…. liberace…. you fraudsters.

 
Comment by tj
2014-04-28 21:17:27

And they go frantic when they’re fished out.

yes, and the only way we’re ever rid of a democrat politician, is either they die or expose their genitals in an email.

 
Comment by MightyMike
2014-04-28 21:22:19

No, you’re still missing my point. In fact, I specifically gave the example of Nixon. People and their personalities and their ethics are simply not that important. It’s not how politics works.

 
Comment by Whac-A-Bubble™
2014-04-28 23:49:06

Wait a minute; could he be saying white people can’t play basketball? I’m offended! I demand that there be affirmative action to force racist white team owners to put more white guys in the NBA. At EQUAL pay, too! And I had a Cherokee great-grandmother, so I don’t want to hear any back talk on this.

I love it. And if they end age discrimination in the NBA as well, then maybe I have a shot at a position.

I’m going to be a millionaire! Thank you, affirmative action!!

 
Comment by tj
2014-04-29 05:11:42

People and their personalities and their ethics are simply not that important.

so you think people that lie and steal and commit various other unethical immoral acts can still be good leaders. unbelievable. the lib education system has truly worked wonders with you. of course liberals need that type of thinking or hardly any of their ilk could get elected. anything goes with you. it has to. i can’t tell if you actually believe what you spew or not. my guess is that you really believe it.

this country really needs help as long as people like you are out voting.

what it all boils down to in this thread is that (for you) it’s ok for tonto warren to lie to get what she wants. ‘ethics’ aren’t important. great argument. i hope the libs make that one vocal. it sure speaks volumes about you.

 
 
 
Comment by Whac-A-Bubble™
2014-04-28 23:45:47

“I’m not sure why you’re going on about it at this point, tj.”

‘Going on about it’ happens here alot.

 
 
 
Comment by Whac-A-Bubble™
2014-04-28 04:38:05

Is there a credit bubble or isn’t there one?

Comment by Whac-A-Bubble™
2014-04-28 04:46:45

April 28, 2014, 6:32 a.m. EDT
Mr. Market’s monetary addiction will take heavy toll
Opinion: Investors owe central bankers a debt of gratitude
By Satyajit Das

SYDNEY (MarketWatch) — Central banks insist there is no credit bubble. But repeated and vehement denial often masks the truth.

To resurrect the global economy from the Great Recession, central banks implemented a policy of ultra-low interest rates and quantitative easing to restore growth. Low rates and abundant liquidity drive up asset values and encourage switching to riskier investments.

The justification was that the policy would encourage consumption, increasing economic activity. In reality, the economic benefit has been limited.

Only around 1%-2% of the higher wealth of American households (up more than $25 trillion since early 2009 from rising home and equity prices) has gone into added consumption. This is well below the 3%-4% average between 1952 and 2009. One explanation might be that the increase in wealth has accrued to better-off sections of the population, which has a lower propensity to increase spending.

In both the euro zone and the U.K., the effect of higher asset prices on consumption has also been low.

Instead, monetary methamphetamine has driven a desperate “dash for trash,” which threatens financial stability.

 
 
Comment by oxide
2014-04-28 05:26:33

I thought that yesterday’s late conversation about the Oil City plan was intriguing (edited):

————–
Comment by AbsoluteBeginner
2014-04-27 12:34:04
… Currently, I am looking at southwestern Virginia for its nearness to the mountains and workable farm land w/ water and roads nearby. Now, for work, I am working on that, as I am sure Lucky Ducky jobs are few…. I just want to hike anyway.

Comment by Bill, just South of Irvine
2014-04-27 12:49:38
Their fantasy “American dream” always exists but where there are no jobs or no decent medical care… Then you think about it, when you are older and have to go to some specialist once a month, there are none in the boonies. You take a big fall and no one there to help you. The oil city plan is flawed. My dad had that, then always came back to the idea of staying put where there is decent medical facilities.

[Absolute Beginner then posted an as-is listing for a $40K Oil City House]

—————-

So AB is seriously thinking of going Oil City! Cool! The medical issue is a very good point, but I think there are ways to work around it, especially in the East. Lots of medium-sized college towns have universities with medical schools and hospitals. Or, many major cities locate major medical omplexes on the edge of town where land is cheaper. Go 20 miles out and you’re in the country without being totally lost. Driving in to a medical facility one or twice a month is not too bad. Even Oil City itself is 130 miles from the Cleveland Clinic. Major emergency? We have cell phones and helicopters. I think back to how the medical establishment saved Ahansen. If you’re so medically so bad that you have to see doctors too often, hey, you can always sell out of the paid-off country shack and move back to a city.

There are probably thousands of hiking trails in places we’ve never heard of. If you want to dream, look up all the small sub-ranges of the Appalachian chain. It’s all in the location.

I like your $40K house listing, but I never liked the “as-is” label. Sure, it’s worth spending $40K to fix up a $300K house, but it’s not worth spending $40K to save a $40K house. At that point, I’d find the absolutely cheapest most ricketly shack and buy it for the land and utility lines. Tear it down and call up HA to build you something nice.

Comment by Housing Analyst
2014-04-28 05:57:24

There is no “$300k house”.

Comment by IE LANDLORD KING
2014-04-28 14:31:59

” Comment by Housing Analyst
There is no “$300k house”.”

Riverside,CA +2.9% ONE MONTH, +$10,000 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/riverside/

LOS ANGELES +2.9% ONE MONTH ,+$15,000 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/los-angeles/

ORANGE COUNTY +1.1% ONE MONTH, +$7,000 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/orange-county/

SAN DIEGO +9.8% ONE MONTH, +$51,000 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/san-diego/

SACRAMENTO+4.5% ONE MONTH,+$15,000 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/sacramento/

SAN FRANCISCO +3.8% ONE MONTH,+$24,900 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/san-francisco/

Comment by Housing Analyst
2014-04-28 16:30:25

Cheetos. PRONTO!

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Comment by Whac-A-Bubble™
2014-04-28 23:51:42

Why do you always resort to http://www.deptoffraud.com for your figures?

(Comments wont nest below this level)
 
 
 
Comment by AbsoluteBeginner
2014-04-28 06:29:25

Blacksburg, VA would be the hub to look around if I do decide to eventually pull up stake. In a bizarro world sense, the south is rising again. It is a cost of living thing and associated quality of life trappings thing. That house in Pearisburg is devoid of heating and other central stuff I am sure, but is an example of some cheapish spots if you have the $$ to spend and the time and not have to be at a job Lucky Ducky based.

Comment by oxide
2014-04-28 07:19:35

Mmm. A quick check of Zillow shows that boonie housing around VA Tech is relatively expensive, with lots of second-home McCabins on the edge of the forests. Looks like the secret of Blacksburg got out. Or, more likely, to paraphrase the Zen of Yogi: “Charlottesville is so crowded that nobody retires there anymore.”

 
 
Comment by LolaLOL
2014-04-28 06:42:37

Is the oil city plan flawed or is it society that is flawed selling this idea of a retirement away from your kids where you spend all your money in your golden years living like a 70 year old teenager?

There’s going to be lots and lots and lots more nursing homes and memory care facilities in the next 30 years. The quality of care provided is important, but having someone actually come visit you there is also important.

Maybe there business idea for some here, oil city nursing homes.

Comment by oxide
2014-04-28 09:33:33

Depends on how “rural” you mean. I don’t expect to see a Sunrise in the outer reaches of Yellowstone. But there are plenty of 55+ and assisted living towers 20-30 miles from most city centers. Rural enough for a Tractor Supply, urban enough for a strip plaza with a liquor store, Chinese restaurant and nail salon, and gee gosh, not so far from those major medical complexes on the cheap land. Kids come out once a month, hourly shuttle to Wally World and you’re good to go.

Comment by LolaLOL
2014-04-28 19:09:17

Your kids are going to see you at the nursing home once a month? Sad. Just sad.

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Comment by Tarara Boomdea
2014-04-28 20:11:13

Comment by LolaLOL
Your kids are going to see you at the nursing home once a month? Sad. Just sad.

You better hope your kids show up more than once a month because the nursing home attendants know who’s cared about (and watching them) and who isn’t.

 
Comment by Tarara Boomdea
2014-04-28 20:17:18

“You” means everybody not just you LolaLOL, sounded harsh.

Been around this (rehab, not NH) the last couple of years. I have my mother at home, and will until it’s impossible. Seen enough of these places to say if I had my choice of how I’ll die, I’d like to be hit by a bus (rather than go to a nursing home.)

 
 
 
 
Comment by Mugsy
2014-04-28 23:02:13

Damn that is way old school HBB! Whatever happened to him anyway????

 
 
Comment by Housing Analyst
2014-04-28 05:26:34

“Get what you can get for your house today because it’s going to be much less tomorrow for many years to come.”

You can say that again.

 
Comment by Blackhawk
2014-04-28 05:44:16

On Keystone pipeline, Democratic stalwart Laborers Union finds itself outbid by one enviro-billionaire - Washington Examiner

“Tom Steyer, the hedge-fund billionaire, wants the Obama administration to block construction of the pipeline. Although a relative newcomer to the political game, he has pledged to give Democrats $50 million, and raise $50 million more, to get his way.

Who has more clout on this issue, the longtime Democratic labor union that has contributed $38 million over the past quarter-century, or the guy who can come up with $100 million for this election cycle alone? The question answers itself.”

So predictable. Even though the pipeline would be much more efficient and environmentally safer, the Prez opts to go with the billionaire. You see dear friends “it’s all about the money”

Comment by MightyMike
2014-04-28 09:59:50

Even though the pipeline would be much more efficient and environmentally safer, the Prez opts to go with the billionaire

The president hasn’t made a decision yet.

Comment by Albuquerquedan
2014-04-28 13:28:58

Deciding not to decide is a decision and a decision that favors the billionaire and his “green companies” which means more green for him.

 
 
 
Comment by albuquerquedan
Comment by jose canusi
2014-04-28 09:20:13

Great article, dan, and so spot on. I like that term: “techno-coolies”.

Comment by In Colorado
2014-04-28 11:57:31

The media likes to portray tech workers as handsomely paid and having fun jobs, but stagnant wages and not so fun work are more of the norm. And the Bay Area is swarming with “guest workers” (and illegals too). As I mentioned some time ago, you can visit the place and sometimes wonder if you’re still in the USA.

 
 
 
Comment by Housing Analyst
2014-04-28 06:01:08

“Falling housing prices to dramatically lower and more affordable levels is positively bullish and good for the economy.”

That’s right.

 
Comment by Amy Hoax
Comment by Housing Analyst
2014-04-28 07:06:35

Fetch me some Cheetos.

Comment by Amy Hoax
2014-04-28 07:09:50

Don’t forget the rent is due in three days.

Comment by Housing Analyst
2014-04-28 07:12:30

MOVE IT!

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Comment by Mr. Banker
2014-04-28 07:07:31

“But while they gave up 700 square feet of interior space, they didn’t downsize their home’s value. In fact, they paid more than what they sold their previous house for, only a couple of miles away, Scott Bratton said.”

Good move, Amy! Get those commissions up for yourself and get those fees up for me.

And good on you for getting them to pay more for their new home than what they got for the house they sold.

 
Comment by Bill, just South of Irvine, CA
2014-04-28 07:16:54

Get me a beer missy, now run along!

Comment by Amy Hoax
2014-04-28 07:33:29

Don’t dumb yourself down to the level of Housing Analyst, you’re better than that.

Comment by LolaLOL
2014-04-28 07:38:03

Sandwich now! And speaking of dumb, your article is relevant to what, the 5 percent that saved enough for retirement? It says so itself. For the rest, the article shows CRATER!

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Comment by LolaLOL
2014-04-28 07:33:00

Sandwich now Amy! And don’t skimp on the horseradish. And those toilets ain’t gonna scrub themselves.

Comment by Mr. Banker
2014-04-28 07:46:57

To hell with the sandwich, bring me a client.

Bring me one who is all lubed up and ready to sign on the dotted line.

 
 
Comment by IE LANDLORD KING
2014-04-28 14:34:58

THE BEST INVESTMENT IS REAL ESTATE
THE BITTER RENTERS WHO CAN’T AFFORD A DOWN PAYMENT FOR A HOUSE WILL DISAGREE :]

Riverside,CA +2.9% ONE MONTH, +$10,000 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/riverside/

LOS ANGELES +2.9% ONE MONTH ,+$15,000 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/los-angeles/

ORANGE COUNTY +1.1% ONE MONTH, +$7,000 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/orange-county/

SAN DIEGO +9.8% ONE MONTH, +$51,000 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/san-diego/

SACRAMENTO+4.5% ONE MONTH,+$15,000 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/sacramento/

SAN FRANCISCO +3.8% ONE MONTH,+$24,900 ONE MONTH RISE
http://www.deptofnumbers.com/asking-prices/california/san-francisco/

Comment by Housing Analyst
2014-04-28 16:22:21

Fetch.Cheetos. NOW

 
Comment by AnotherNorCal
2014-04-28 17:01:52

You do understand those are ASKING prices, right? And just FYI… I sold my house in the IE last summer and made a nice profit. Now, I’m renting and waiting here in Northern California. Price cuts are happening EVERY day…

Comment by IE LANDLORD KING
2014-04-28 17:16:25

Comment by AnotherNorCal

“You do understand those are ASKING prices, right? And just FYI… I sold my house in the IE last summer and made a nice profit. Now, I’m renting and waiting here in Northern California. Price cuts are happening EVERY day…”

Cool story bro!!! lol

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Comment by AnotherNorCal
2014-04-28 17:37:57

Explain the 10% year/year inventory drop in the Sacramento area? Fuzzy math?

Your quoting a source that doesn’t disclose their data source.

 
 
 
 
Comment by phony scandals
2014-04-28 14:44:06

Amy, does your husband like your glasses?

http://www.youtube.com/watch?v=pkSESOtkRj8 - 121k -

 
 
Comment by Housing Analyst
2014-04-28 10:55:35

The internet realtrolls are enraged. :mrgreen:

 
Comment by Albuquerquedan
2014-04-28 13:08:21

Not much time to post today but one other story I wanted to talk about in the news. The Pfizer merger. They are merging with a drug company from great Britain and a major reason for it, is the lower corporate tax rate in Britain 20% to 35%. Apparently, contrary to the leftist opinion links Rio cites to our tax rate is high even considering deductions. By changing their corporate domicile they not only reduce the taxes paid to the U.S. on profits, they will be able to bring profits into this country without having to pay taxes. Our present corporate tax rate is the classic Laffer curve problem with higher rates actually leading to less taxes. California has just lost another Japanese car maker headquarters to Texas for similar reasons.

Comment by Combotechie
2014-04-28 14:29:52

Questcor (QCOR), the drug company I am heavily invested in, is merging with (or being taken over by - whatever way you want to look at it) by the drug company Mallinkrodt (MKD) for the same reason - which are U.S. taxes.

QCOR is based in the U.S., MKD is based in Ireland. If QCOR stays in the U.S. then its cost of production stays high, if it moves to Ireland then its cost of production drops way down.

And this is the general theme for just about everything, is it not? Develop a product here in the U.S. then take product elsewhere for production. Development, R&D - all that - works well here for various reasons and production works best somewhere else because of costs.

 
 
Comment by Muggy
2014-04-28 18:25:15

I do prefer a cheap house.

 
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