June 1, 2014

Bits Bucket for June 1, 2014

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

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Comment by aNYCdj
2014-06-01 06:49:39

and congress goes home leaving millions with no unemployment benefits…


Comment by MrsLolaSoros
2014-06-01 07:22:00


Leave NYC

Comment by Combotechie
2014-06-01 07:32:13

I looked up information about DJs and ran across this tidbit”

“In May 2012, the median annual wage for radio and television announcers was $28,020. The median annual wage for public address system and other announcers was $26,230 in May 2012.”

Not a whole bunch of money, IMO.

Comment by Combotechie
2014-06-01 07:39:49

Capitan Obvious says:

If a profession is loaded with glamor then glamor-seekers will flood the market as job applicants and these glamor-seeking job applicants will beat down the price of their labor.

Comment by Combotechie
2014-06-01 07:53:00

And pure-glamor seekers will be willing to work for free.

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Comment by Skroodle
2014-06-01 10:50:23

Ahhhh….that’s why movie stars get paid so little nowa days.

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Comment by shendi
2014-06-01 10:59:17

It all falls into place when you think of movie stars as the CEOs of a company. These stars are required to pull the audiences to recoup the costs of making the movie. As dud CEOs, some stars do not excel in all roles…

The public announcers are the people in the trenches and hence do not make any money.

Comment by Combotechie
2014-06-01 12:24:31

“Ahhhh….that’s why movie stars get paid so little nowa days.”

Movie stars get paid a lot but actors in general do not.

To get paid a lot as an actor you need to become a star.

But, alas for actors, the openings for stars are few.

Comment by Combotechie
2014-06-01 12:40:26

Wikipedia says:

“The Screen Actors Guild (SAG) was an American labor union representing over 105,000 film and television principal and background performers worldwide.”

Ask yourself: How many of these actors are high-earning stars?

Comment by rms
2014-06-01 18:05:16

“Not a whole bunch of money, IMO.”

+1 Certainly not enough to impress a thigh-gap hottie.

Comment by MrsLolaSoros
2014-06-01 08:07:37

Mo Credik Mel ain’t going home. He’s got no time to waste.

And the free symphony isn’t going home either, they will be the band that plays on all summer long, while in the long hot summer of PHX, Veterans are waiting and illegal alien children in soiled diapers are being dropped off at bus stations in 100+ degree heat with no oversight.

Polly thanked the American people yesterday, but what she was really saying was … Thanks Obama.

Comment by azdude
2014-06-01 06:55:49

high home price means higher political donations from the financial community.

Comment by Bill, Just south of Irvine
2014-06-01 07:28:46

A win-win for the thugernment. And thugernment always wins when anyone participates in buying artificially high priced houses, just as thugernment always wins when you vote, when you get a marriage license, and when you do not optimize your tax avoidance schemes.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 11:49:37

Oh Bill, you’re so paranoid.

Comment by MrsLolaSoros
2014-06-01 07:53:10

I think a very interesting story is what the metadata for this blog could tell when compared to housing prices and the change thereof. Number of screen names from the same IP address. Number of IP addresses of posts going back to Stealtor sites. Number of posts by obvious shills/Stealtors indicating more time sitting at empty open houses or at desks with no phone ringing.

Comment by Housing Analyst
2014-06-01 08:16:49

Oh the truths the back office data exposes.

Comment by Ol'Bubba
2014-06-01 08:26:04

My guess is that close to half of ‘em can be attributed to Exeter and Get Stucco.

It’s really comical when those two respond to their own posts using different user names.

You better believe it.

Comment by Housing Analyst
2014-06-01 09:03:33

Good morning Ol’ Barbara. Another unnerving topic for you?

Comment by Pete
2014-06-01 16:23:36

I don’t think Stucco, PBear and WAB actually answers himself, at least I haven’t seen it. Just sometimes starts threads w/the different name.

As for Exeter/HA, yes you are probably right but as for the “you better believe it” posts from goon, I think that when he does that, he’s just honoring HA by posting what he would post, for some reason. Maybe I’m just gullible, but I’d be really surprised if they were the same person. There was a time when I thought the same though.

Comment by Housing Analyst
2014-06-01 18:02:20

Goon is exeter, ha is stucco, stucco is ral, ben is oxide blah blah. Get your $hit in one sock.

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Comment by MrsLolaSoros
2014-06-01 08:00:33

I see an ad today from CVS or somewhere showing a can of white albacore tuna for 99 cents, limit 10. That’s a heck of a deal. I think I was paying triple that 20 years ago, same size can. What with all the talk of inflation in food prices, I think a careful shopper could eat quite well and healthy cheaper than ever these days.

All this food desert stuff is nonsense. Poor white, black, and Chinese cuisine is now served as gourmet in some places. And it’s damn good.

Comment by Housing Analyst
2014-06-01 08:20:33

I just bought 4 new Michelin tires this morning to replace the same set bought in 2010, same tire chain.

Todays Price: $657, dismount, mount, balance

2010 Invoice: $821, dismount, mount, balance

Someones getting hungry and I’m liking it.

Comment by tresho
2014-06-01 08:45:57

Someones getting hungry and I’m liking it.
How nice. In the last 4 years (6/1/10-6/1/14) I’ve paid virtually nothing for tires. However, during that same interval I have spent $5,674.94 on gasoline and diesel fuel for my vehicles. (I do keep track of it.) And I don’t even have to drive to work.

Comment by Muggy
2014-06-01 11:45:01

My family burns that in a year.

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Comment by inchbyinch
2014-06-01 11:07:07

Mercury in Tuna is a real problem. Where was that Tuna caught and processed? That’s the question. And let’s not forget about the BPA lining of the can that acts as a pseudo estrogen. The quality of our food is awful.

TJ, WF, and even Target are being sued from Ca’s Attorney General over lead content in Ginger Candy that is imported.

Having been part of the UCLA Breast Cancer Prevention movement and Breast Cancer Action (Bay Area) has taught me cheap food can be costly to your health.

There is food inflation, and it’s not just about $, our food supply sucks. Don’t get me started…

EWG has reviewed and rated produce, personal care items (skin deep), and even laundry products. We live in a toxic world.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 11:46:37

Inch: There has been mercury in all seafood for a long time, regardless of where it was caught. Tunas are like underwater airplanes. They swim a lot. You shouldn’t eat more than four servings per week. I think there are two servings in a can. In any case, that response has no bearing on the fact that food is affordable and widely available. You could pay more for a can, but it won’t likely be less polluted. The pollution is an issue, but it’s a separate issue.

Comment by inchbyinch
2014-06-01 12:46:13

True enough, but again, it depends on the quality and back end cost (health consequences). For instance, processed food if overeaten can cause obesity and failing health. There is healthy food and affordable food, and there is a difference. Sometimes they overlap, granted. I live by “an ounce of prevention…”, but a skip the food catastrophic expectations.
I love the fact food co-ops are giving produce to food banks. Fruit isn’t as healthy as some vegetables (many fruits are high in sugar), but giving hungry people good choices makes my heart sing.

My groups are addressing the processed food giants. We want honest labeling.

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Comment by In Colorado
2014-06-01 12:15:50

Mercury in Tuna is a real problem. Where was that Tuna caught and processed?

Of the coast of China, perhaps?

Comment by inchbyinch
2014-06-01 12:54:35

How about off the coast of Japan, Colorado. Both China & Japan equally suck,

If I’m going to glow in the dark from radiation, can I at least pick my source?
Maybe to many unnecessary medical tests. lol

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Comment by Housing Analyst
2014-06-01 12:42:17

Yeah…… mercury is why the 4 New baloneys installed on my truck today were 20% less than 4 years ago.


Comment by RonniesLeftMango
2014-06-01 15:25:38

It was the same crap tuna 20 years ago, but it cost 3 bucks not 99c.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 11:42:38

I luv tuna sandwiches.

Comment by RonniesLeftMango
2014-06-01 15:36:31

And the point really isn’t tuna fish. I think the point is that there are some tremendous bargains out there and a frugal shopper can do pretty well looking at the specials and tailoring if from there.

Comment by Blackhawk
2014-06-01 08:58:45

Officials blast ICE for dumping overflow of illegal immigrants — including kids — at bus stations

Scores of illegal immigrants, caught by authorities in Texas trying to sneak into the country via the Rio Grande Valley, are being flown, bused and then abandoned out of state in places like Arizona, New York and Maryland.

If the immigrants had been from Mexico, authorities would release them back across the border. But these would-be immigrants come from Central American countries, such as El Salvador and Guatemala, and trying to get them back to their country of origin has been a costly and largely unsuccessful endeavor.

Multiple media outlets have reported horrific stories from border districts on youngsters, ranging from toddlers to teens, being raped and murdered on their way to the U.S. border.


This is a truly tragic story that’s been made appalling by ICE. How can they just dump them off in Phoenix? It was 105 yesterday!!! Why not dump them off in Flagstaff instead. :-)

Comment by In Colorado
2014-06-01 09:23:23

How much does it cost to put them on an charter airliner and send them home? They’re already sending them to Arizona, why not just send them straight home? The beauty of doing that, unlike dumping illegal Mexicans in Juarez, is the Central Americans live far away and won’t return anytime soon, as they have to bribe their way into Mexico and then cross it.

Comment by jose canusi
2014-06-01 09:36:36

One suggestion was to bring the illegals, including the children, to the embassies of their country of origin. Of course, you’d have to keep a small force in place to ensure that the embassies don’t just release them into the community. And you’d get bands of protesters demanding release, but if that happened, just issue an order that any protester who wants the children may have them, provided they legally commit to their care and feeding, with penalties for abandonment.

Comment by In Colorado
2014-06-01 09:48:35

One suggestion was to bring the illegals, including the children, to the embassies of their country of origin. Of course, you’d have to keep a small force in place to ensure that the embassies don’t just release them into the community.

It’s far cheaper to charter a jet and send them home.

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Comment by jose canusi
2014-06-01 09:56:54

Yes, I think you have the better idea after all.

Or ship them en masse to Puerto Rico and advise their countries of origin to come and get ‘em.

I’ve never heard of anything like this, except maybe for Hitler’s Youth army. But I have to wonder what kind of sub-humans would just release their children like this. Even many animal species take better care of their young.

Comment by In Colorado
2014-06-01 10:49:25

Or ship them en masse to Puerto Rico and advise their countries of origin to come and get ‘em.

Nah, they’ll just cause trouble there. Send them back to Central America. They often have to save for years to pay for the bribes and other expenses to get back to the US border, unlike the Mexicans who are dumped across the border and will be returning in days.

Comment by Skroodle
2014-06-01 10:55:09

How do they know were these people come from? It’s not like they have ID.

Besides, shouldn’t Guatemala send a plane to pick up their own citizens?

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Comment by In Colorado
2014-06-01 12:12:30

You can tell where they are from by their accents and their colloquialisms. It’s easier to tell who isn’t Mexican than you might think, and many do have IDs from home. Guatemalans are probably the hardest to differentiate from (southern) Mexicans. Plus they HATE Mexico, with a passion. They are likely to fess up rather than being identified as Mexican.

As for their home countries sending planes to bring them home, I wouldn’t hold my breath. They want to get rid of these surplus people their anemic economies can’t support.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 11:40:01

They should dump them in Washington, DC.

Comment by jose canusi
2014-06-01 11:55:43

HAH! Great idea. And then wall in DC. Love to see that happen.

Seriously, though, the bubble was a major driver of illegal immigration, IMO, in terms of construction employment.

Comment by inchbyinch
2014-06-01 11:33:24

Yep, this country is a mere shadow of its former self. Last night, we had our fr dr slider opened to cool off our bedroom and it sounded like Mexico out there, with all the conflicting Mariachi music and Ranchera music. A culture’s music reflects it’s people and last night was telling. Give me Samba and Tango Music instead. Flash Back- Gomez and Morticia doing the Tango…lol

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 11:38:29

That is the sweet nectar of strawberry pickers crooning in their very own slice of America. Your neighbors!

Comment by jose canusi
2014-06-01 11:44:11

As one former military guy I know (of OTM Hispanic descent) describe it, they are maggots feeding on the flesh of a dying US. There’s just no other way to describe it.

Comment by Blue Skye
2014-06-01 11:44:27

They are just trying to drown out the Tears of Joy!

Comment by In Colorado
2014-06-01 12:06:57

Yep, this country is a mere shadow of its former self. Last night, we had our fr dr slider opened to cool off our bedroom and it sounded like Mexico out there, with all the conflicting Mariachi music and Ranchera music.

You know what’s kind of sad? When I lived in Mexico, it didn’t sound like that. Of course I didn’t live in “el barrio”. But even when I wandered into those areas, it wasn’t like that. It’s worse here.

Comment by jose canusi
2014-06-01 12:16:52

“It’s worse here.”

Absolutely. My take is that we’re getting the worst of the worst, not just from South of The Border, but all over the world. It’s almost like a requirement, if you’re immigrating fraudulently. And I include the H
1-B and other visas in that. Makes me wanna puke when I hear the mealy-mouthed pandering whining about immigrants from people like Rand Paul.

I also think there’s a certain urge to annoy and upset US citizens that these people take as a cue from the “elites”.

Comment by RonniesLeftMango
2014-06-01 15:34:12

I don’t know. You gotta say something for the “grit” of a person willing to walk day and night through the desert in scorching or freezing temperatures with little or no food or water sometimes for more than a week. I kind of want a person with that kind of grit who is willing to work for a living here. God knows we got plenty of lazy and fat already.

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Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 11:35:45

Phoenix housing market officially “weak and declining”:


Comment by Whac-A-Bubble™
2014-06-01 11:39:28

When does it potentially make sense to invest your life savings in a home purchase?

1. When homes are not historically overvalued.

2. When you have no self-discipline to invest your savings in a diversified portfolio, so that the forced savings of a monthly mortgage payment is your only viable option.

3. When you don’t expect to have to relocate for a very long time.

Comment by Whac-A-Bubble™
2014-06-01 12:03:16

Housing’s a poor investment. Buy anyway
Forced savings make up for risk, lackluster returns
By Dan McSwain
5 p.m. May 31, 2014
Updated 4:10 p.m. May 30, 2014

I was raised to believe that renting amounted to throwing my money away. Buying a home, on the other hand, was an investment — and a safe one.

That was before the biggest housing-market bubble in U.S. history began to collapse, tossing trillions of dollars in wealth out the window.

Nine years later, values in San Diego County still haven’t fully recovered, particularly if you take inflation into account. In fact, prices have to climb an additional 50 percent before they regain the peak reached in November 2005. This means a whole lot of people have lost equity.

However, values are up 29 percent from a bottom reached two years ago. So the market is coming back, just like it did over three lesser downturns since 1980.

This suggests buyer confidence is returning. In all likelihood, most people have great reasons that have nothing to do with money, from bigger kitchens to freedom from cranky landlords.

Still, experts say much of the action in the local market is coming from investors, including some big companies.

Do they know something we don’t? Is housing a good investment in San Diego?

The quick answer: History suggests that buying a home will be a mediocre-to-poor investment with very real risks. More than most U.S. communities, zoning and other supply constraints have made San Diego’s housing market prone to wide speculative swings.

But you should probably buy one anyway, subject to three big “ifs;” if you have the necessary cash and credit, have a secure job, and plan to stay awhile. What’s more, now is a pretty good time to buy.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 13:21:20

The San Diego housing market is weak and flat.

Comment by Whac-A-Bubble™
2014-06-01 13:33:40

Perhaps that helps explain McSwain’s less-than-rosy take on the investment value of real estate?

Comment by Bill, just South of Irvine, CA
2014-06-01 11:53:41

I posted on another blog about house prices in a neighborhood. The topic was appropriate and I said I bought up stock index funds instead of obligate my money in a single family house.

Got this reply:

‘You’re 55 and you don’t a piece of “the American Dream”? Why not? You worked all your life and have nothing to show for it?’

I said:
“My not owning should not make you upset or should it? I’ll just say I am debt free and I really enjoy low maintenance - my mix of assets returns more than my income at my job. The portion in bonds pays all my rent so why should I be a slave to my possessions?”

I love to point out to the general public that their memes they have been taught are not necessarily good choices: SFH-moanership, expensive cars that fall apart every 8 years and must be replaced by other expensive cars, having 3 or 4 brats, one of which could turn into an Edgar Rodger, getting married so that you can give away half your wealth to someone who you became a stranger…

Comment by jose canusi
2014-06-01 12:01:31

“one of which could turn into an Edgar Rodger,”

I’d rather have an Edgar Rodger for a son than an Elliott Rodger, I think.

Comment by Bill, just South of Irvine, CA
2014-06-01 13:08:25

oh, forgot his name, my bad.

Comment by Whac-A-Bubble™
2014-06-01 18:02:47

I hope to forget his name soon, myself. It is hard to fathom the mentality of someone who wantonly goes out to destroy the lives of a bunch of people he never met.

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Comment by Bill, just South of Irvine, CA
2014-06-01 19:24:10

He definitely was no libertarian.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 13:23:25

Why does Bill always have to rant about other people’s decisions to get married, buy houses, and have kids? Why does it get under his skin so much? Surely he is not rooting for extinction.

Comment by iftheshoefits
2014-06-01 16:20:07

The chances are, if your parents didn’t have any kids, then you won’t either…

Comment by phony scandals
2014-06-01 13:00:30

Crisis actors rock

Comment by phony scandals
2014-06-01 13:16:04

“came back with a no-knock warrant”

SWAT team throws a stun grenade into a toddler’s CRIB during drugs raid leaving him in a coma with severe burns

By Helen Pow
Published: 17:55 EST, 29 May 2014 |

A family is in shock after a SWAT team threw a stun grenade into their 19-month-old son’s crib during a midnight drugs raid, leaving the baby in a medically induced coma with severe burns.

Wisconsin mother Alecia Phonesavanh, her husband, Bounkham, and their children including toddler, Bou Jr., were visiting her sister-in-law in Atlanta, Georgia, when police raided the home early Wednesday.

Phonesavanh said officers threw a stun grenade, which landed in the sleeping child’s crib.

‘It landed in his playpen and exploded on his pillow right in his face,’ the distraught mother told WSBTV. ‘It’s my baby. He’s only a baby. He didn’t deserve any of this.’

Deputies said they bought drugs from the house and came back with a no-knock warrant to arrest a man known to have drugs and weapons, WSB reported. They arrested Wanis Thometheva, 30, during the raid.

Darby told WSBTV that the entire police unit is upset over the incident, which was an accident.

It’s not clear if any drugs were found in the home during the raid

http://www.dailymail.co.uk/…enade-toddlers-CRIB-drugs-raid-leaving-coma-severe-burns.html -

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 13:26:03

One has to wonder why the mom was married to a methamphetamine dealer. Isn’t that a dangerous and dysfunctional environment? And why did they place the playpen in front of the door? Were they planning on using it as a blockade?

PS: Drugs were found. The SWAT team went in directly after an informant purchased speed from the dude.

Comment by Whac-A-Bubble™
2014-06-01 13:35:35

“One has to wonder why the mom was married to a methamphetamine dealer.”


Comment by phony scandals
2014-06-01 19:03:45

“Isn’t that a dangerous and dysfunctional environment?”

Evidently not as dangerous as having a dog killing no more hesitation MRAP riding No Knock SWAT dude throwing a stun grenade into a toddler’s crib.

“And why did they place the playpen in front of the door? Were they planning on using it as a blockade?”

As I understand it, a No Knock raid involves no knocking on the door. It does involve kicking in the door, which would leave at least a door swings worth of room with no crib. Now I have to believe the SWAT dude knows the stun grenade is not something you want going off near you, that’s probably why he threw it which leads me to believe there was a bit more distance between the front door and the crib.

“PS: Drugs were found.”

If you’re going to throw a stun grenade into a toddler’s crib that explodes on his pillow and leaves him with with severe burns and having to be put into a medically induced coma, you had better find a GD nuclear bomb ready to go off not drugs from a small time dealer.

“The SWAT team went in directly after an informant purchased speed from the dude.”

Everyone in the house was asleep so that’s not true. However, directly after an informant purchased speed from the dude might have been a good time to make an arrest.

Of course that wouldn’t set the tone that says to hell with the Fourth Amendment, all of you slaves can expect to have your doors kicked in by a SWAT team if you don’t toe the line.

Comment by Housing Analyst
2014-06-01 14:32:54

U.S. Gasoline Consumption Plummets By Nearly 75%


Comment by Whac-A-Bubble™
2014-06-01 16:32:44

He called the housing crash. What’s next?
By Jonathan Horn
6 a.m. May 30, 2014

Rich Toscano, a partner at Pacific Capital Associates, who runs the blog Piggington’s Econo-Almanac. Rich Toscano, a partner at Pacific Capital Associates, who runs the blog Piggington’s Econo-Almanac. — Sean M. Haffey

In November 2005, when San Diego County home prices were riding a record high, Rich Toscano penned two ominous blog posts.

The first was called “Risks of a Serious Home Price Decline.” A few hours later, he posted “Evidence of a Southern California Housing Bubble” on his site, Piggington.com.

At the time, real-estate tracker DataQuick reported that the median price for a home in the county was $517,500. It was a price only 9 percent of income earners could afford using a 20 percent down payment, according to the California Association of Realtors. But that didn’t stop almost anyone from buying a home, hence the risk, Toscano noted online.

“People are getting around the low affordability by making very small down payments and getting ‘creative’ loans whose monthly payments start quite low but increase over time,” said Toscano in his first ominous post that November day. “While this ‘buy now, pay later’ strategy has worked well thus far, it has rendered the Southern California market unusually vulnerable to rising interest rates or tighter lending standards.”

Toscano, who began warning of a bubble in 2004, was met with skepticism. After all, he was a computer scientist by trade who simply found the numbers fascinating. By January 2009, the median price was down to $280,000, completing the collapse of the housing market in the Great Recession. That also happens to be the time Toscano bought his house in Bay Park, timing he attributes simply to luck.

The U-T caught up with Toscano, who now works as a financial adviser, to talk about the real estate market, past and present. His answers have been edited for length.

Q: What do you recall about the time you wrote those blog posts warning of a bubble?

A: There were definitely other people thinking it. Not very many. My memory of it is most people thought it was not a bubble and had absolutely no compunction telling me so, in colorful terms. But there was kind of a smallish fringe group of people who kind of were on the page of, ‘this is a bubble.’ It definitely was not the popular viewpoint.

Q: When the housing market crashed, it hurt a lot of people and was bad for the economy. Putting that aside, how did you feel about your personal vindication on your prediction?

A: There were a lot of nice people that got hurt doing what they were told to do by their financial adviser. They were just doing what they thought was the right, responsible thing and they ended up in hardship.

I wasn’t like dancing around. There were a lot of jerks that told me what an idiot I was. I put a lot of work in trying to figure this out. There was definitely an element of satisfaction but also awareness that well it’s kind of a bummer what entailed.

Q: We’ve had some major appreciation in the county recently, raising some speculation of another bubble. Do you think we’re in another one?

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 20:38:01

No, it was not a bummer when some houses were bought at affordable prices. However, I will click your link and see what Toscano thinks now. Up until very recently, he thought that house prices in San Diego were correct and stable. We’ll see if he’s changed …

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 20:44:13

“It’s not a bubble, but they’re overvalued.”

“Inventory is low, so prices should go up.”

“They are overvalued, so prices should go down, but they might stay flat while fundamentals catch up.”

Up, down, AND sideways. OK, Rich.

Comment by Whac-A-Bubble™
2014-06-01 20:48:41

But there was kind of a smallish fringe group of people who kind of were on the page of, ‘this is a bubble.’ It definitely was not the popular viewpoint.

Here we are, still posting. Hi Rich!

Comment by Whac-A-Bubble™
2014-06-01 16:36:20

San Diegans owe millions on property tax
By Jonathan Horn
8:06 a.m. May 28, 2014

The newly built County Waterfront Park next to the County Administration Building Downtown. This park is 16 acres in size and features a number of fountains, children’s play areas, small food court, and large grassy areas. The newly built County Waterfront Park next to the County Administration Building Downtown. This park is 16 acres in size and features a number of fountains, children’s play areas, small food court, and large grassy areas. — Sean M. Haffey

Tens of thousands of San Diego County property owners are collectively late on more than $88 million in property taxes, the county treasurer-tax collector announced Tuesday.

The county this week is mailing out delinquency reminder notices to 37,887 property owners, a 10.2 percent drop from last year. If those people don’t pay their property taxes by June 30, they’ll face a 1.5 percent penalty per month added to their bill. That’s on top of a 10 percent late fee.

In September, the county treasurer-tax collector mailed out tax bills to 981,829 property owners, expected to generate $4.8 billion. Payments were due in two installments, the first on Nov. 1. For the first installment, taxpayers had a grace period that lasted until Dec. 10, at which time the first installment became delinquent and a 10 percent late penalty was assessed.

The second installment was due Feb. 1. Again, taxpayers had a grace period until April 10, at which time the bill became delinquent and an additional 10 percent charge was assessed.

If the bills are not paid in full by June 30, taxpayers will be assessed a monthly 1.5 percent charge. (After five years of unpaid property taxes, the county can auction off a property.)

In total, San Diegans owe $88,058,906 in property taxes for the 2013-14 tax year, which ends June 30.

Comment by june without goon
2014-06-01 17:54:17

14er mt democrat as seen from where loanowners don’t get to go:


going off grid for a while, c y’all later

Comment by Whac-A-Bubble™
2014-06-01 18:05:27

Thx for sharing the view and the vacation plans. Enjoy!

Comment by rms
2014-06-01 18:29:20

“going off grid for a while, c y’all later”

+1 Looks pretty western. Remember, you must be able to outrun your friends.

Comment by Muggy
2014-06-01 19:19:37


I will occasionally, randomly post “BILA=WIN” in your absence.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 20:46:59

Try not to get stabbed in a bar fight or anything.

Comment by Whac-A-Bubble™
2014-06-01 18:10:14

The population increase Ponzi run has gone into reverse!

Economic Fears Spread As Birth Rates Continue To Drop Worldwide

May 7, 2014 12:57 PM
File photo of newborn children in a nursery.

The financial crisis that followed the collapse of U.S. investment bank Lehman Brothers in 2008 did more than wipe out billions in wealth and millions of jobs. It also sent birth rates tumbling around the world as couples found themselves too short of money or too fearful about their finances to have children. Six years later, birth rates haven’t bounced back. (Photo by DESHAKALYAN CHOWDHURY/AFP/Getty Images)

NEW YORK (AP) — Nancy Strumwasser, a high school teacher from Mountain Lakes, New Jersey, always thought she’d have two children. But the layoffs that swept over the U.S. economy around the time her son was born six years ago helped change her mind. Though she and her husband, a market researcher, managed to keep their jobs, she fears they won’t be so fortunate next time.

“After we had a kid in 2009, I thought, ‘This is not happening again,’” says Strumwasser, 41, adding, “I never really felt comfortable about jobs, how solid they can be.”

The financial crisis that followed the collapse of U.S. investment bank Lehman Brothers in 2008 did more than wipe out billions in wealth and millions of jobs. It also sent birth rates tumbling around the world as couples found themselves too short of money or too fearful about their finances to have children. Six years later, birth rates haven’t bounced back.

For an overcrowded planet, this is good news. For the economy, not so good.

We tend to think economic growth comes from working harder and smarter. But economists attribute up to a third of it to more people joining the workforce each year than leaving it. The result is more producing, earning and spending.

Now this secret fuel of the economy, rarely missing and little noticed, is running out.

“For the first time since World War II, we’re no longer getting a tailwind,” says Russ Koesterich, chief investment strategist at Blackrock, the world’s largest money manager. “You’re going to create fewer jobs. … All else equal, wage growth will be slower.”

Births are falling in China, Japan, the United States, Germany, Italy and nearly all other European countries. Studies have shown that births drop when unemployment rises, such as during the Great Depression of the 1930s. Birth rates have fallen the most in some regions that were hardest hit by the financial crisis.

In the United States, three-quarters of people surveyed by Gallup last year said the main reason couples weren’t having more children was a lack of money or fear of the economy.

The trend emerges as a key gauge of future economic health — the growth in the pool of potential workers, ages 20-64 — is signaling trouble ahead. This labor pool had expanded for decades, thanks to the vast generation of baby boomers. Now the boomers are retiring, and there are barely enough new workers to replace them, let alone add to their numbers.

Growth in the working-age population has halted in developed countries overall. Even in France and the United Kingdom, with relatively healthy birth rates, growth in the labor pool has slowed dramatically. In Japan, Germany and Italy, the labor pool is shrinking.

“It’s like health — you only realize it exists until you don’t have it,” says Alejandro Macarron Larumbe, managing director of Demographic Renaissance, a think tank in Madrid.

The drop in birth rates is rooted in the 1960s, when many women entered the workforce for the first time and couples decided to have smaller families. Births did begin rising in many countries in the new millennium. But then the financial crisis struck. Stocks and home values plummeted, blowing a hole in household finances, and tens of millions of people lost jobs. Many couples delayed having children or decided to have none at all.

Couples in the world’s five biggest developed economies — the United States, Japan, Germany, France and the United Kingdom — had 350,000 fewer babies in 2012 than in 2008, a drop of nearly 5 percent. The United Nations forecasts that women in those countries will have an average 1.7 children in their lifetimes. Demographers say the fertility rate needs to reach 2.1 just to replace people dying and keep populations constant.

The effects on economies, personal wealth and living standards are far reaching:

Comment by Bill, just South of Irvine, CA
2014-06-01 19:33:04

The upside, lower rate of growth of landfills. Less crowded roads in 20 years or so. The downside: economic contraction. If it was just the U.S. no worries. But in all the developed nations and China, this leaves third world producing the population growth of Muslims.

So will this put the world into a depression? Will my bonds make me rich?

The contrary-intuitive aspect is that many jobs will be unfilled and pay will have to go up to discourage people from retiring.

I see that software is still in high demand.

Comment by Whac-A-Bubble™
2014-06-01 20:33:22

“…many jobs will be unfilled…”

Or just permanently eliminated…

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 20:49:45

Population dynamics tells us that N can never be a sideways 8.

Comment by Whac-A-Bubble™
2014-06-01 22:40:56

Good point. According to Paul Ehrlich, the humanoids far outstripped the planet’s carrying capacity some time ago. A birth dearth seems a far more benign approach path to sustainable population size than the various Malthusian channels (war, famine, disease, etc.).

Now if we could only get the Muslim nations on board with the voluntary population reduction program…

(Comments wont nest below this level)
Comment by Whac-A-Bubble™
2014-06-01 20:40:03

My fiftyish sister and her husband epitomize the point of this article: They own three homes in a Midwestern MSA, living in approximately one of them. Another one sits empty (getting ready to sell it!) and the third is rented out to a drug dealer single mom with Section 8 subsidy.

May 30, 2014, 6:00 a.m. EDT
Sale pending: a lost generation in home buying
Opinion: Today’s real estate market is dominated by older buyers
By David Weidner, MarketWatch

SAN FRANCISCO (MarketWatch) — In this city, the media and social networks are exploding with talk about an anonymous philanthropist, under the Twitter handle @hiddencash, who’s been leaving envelopes of money , usually between $20 and $100, around the city.

Drops were made at a yoga studio, an old phone booth and under a chair at a coffee shop.

It’s easy to see why this generosity is generating excitement. San Francisco is, of course, among the most expensive cities in the U.S. and its housing the most unaffordable , according to mortgage broker HSH Associates. Income inequality, fueled by the booming tech industry, has made living in the Bay Area an exclusive proposition. Controversia l, too.

And in a touch of irony, the anonymous gifter also claims to be a real estate developer.

Still, @hiddencash is on the right track. Cash is the way to go in a have and have-not real estate market that, despite its recovery, has clearly fractured down the middle, not just in San Francisco but nationally. On one side are older, wealthier buyers. On the other, less well-off, younger potential buyers who traditionally fueled the market. They’ve been left out.

There are exceptions, of course. San Francisco’s new wealth is young. But in this way the city isn’t alone, a phenomenon underscored by a report issued Thursday by real estate research firm RealtyTrac. It reports that in 19 U.S. counties, home prices have surpassed pre-recession levels. You can probably guess a few of them: San Francisco, Travis County (Austin, Tex.), Jefferson County (near Denver) and Brazoria County (a wealthy suburb of Houston).

A few places are close to or have surpassed record highs: San Francisco (up 11.8% since the 2012 bottom), Denver (up 16.6%) and New York City (up 11.1%).

They each have the common thread of being boomtowns. They have strong, mostly tech-driven economies.

Those places are outliers in a nation where just a few years ago housing prices were on a meteoric rise. Today, areas without a significant tech economy have yet to experience a meaningful rebound. Even when including the hot markets, sales volume is either flat or lower — volume fell in 28 of the 50 biggest metro areas, RealtyTrac found — and some previously strong markets have cooled considerably. Among them: Jacksonville, Fla. (down 17% from a year ago), Tampa, Fla. (down 19%) and Tucson, Ariz. (down 15%).

And then there are the real laggards: states such as Illinois, Michigan, Nevada and Florida, where distressed sales and foreclosures still make up at least one out of five transactions.

This uneven recovery isn’t surprising. Real estate has always been a business where local economies drive prices. It was only in the bubble years of the 2000s that everyone seemed to be becoming their town’s own Donald Trump. And you know how that turned out: penthouse to poorhouse.

What’s unique about today’s limited recovery in non-tech areas is who’s participating. The typical homebuyer today is generally older and wealthier.

They’re wealthier because 31% of all U.S. sales were all-cash in the first quarter, a number that’s on the rise, up from 29% in 2012, according to the National Association of Realtors. The association noted that older buyers “trading down” to smaller homes may be driving the move as investors, including hedge funds, pull back. They represented just 20% of buyers in 2013, down from 24% the previous year, NAR said.

Unlike in previous recoveries, where they made up 40% of sales, young buyers are mostly shut out.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-01 22:20:14

Perhaps it’s not a recovery, then.

Comment by Whac-A-Bubble™
2014-06-01 20:43:09

June 1, 2014, 7:25 a.m. EDT
Don’t bother saving for college – it will get cheaper
Online learning, deflation will help bring costs down
By Chuck Jaffe, MarketWatch

My friend Dan recently congratulated me on the college graduation of my daughter, having read the advice I gave her in a column.

Dan became a grandfather, again, right around the same time and he asked if I had college advice for his children, the ones who “now have to save a gajillion dollars in the next 18 years for when their babies go off to school, and who think they will never save enough.”

My advice surprised him.

Save what you can, but expect college to be more affordable for newborns than it is for today’s graduates.

Having just come through National College Savings Day (5/29, for the 529 college savings plans), it’s important to recognize that I am not suggesting to parents that tuition costs will ever be cheap — or that parents who want to fund educations don’t save as much as possible — just that new parents could have it a little easier than their forebears.

The paying-for-college dilemma is headed for major change, so the price tag on tuition should be a whole lot less than a gajillion by the time Junior is ready to set off for school. At the very least, the inflation in college costs appears headed for a reversal in trend.

Truthfully, much of that will happen because the cost of tuition has reached the nation’s breaking point. With almost any commodity — and that’s what an education is, no matter how much academics scoff at the idea — once that point is reached, it’s the model, and not the will of the people, that breaks.

The College Board has reported that a “moderate” college budget for an in-state public college for the 2013–2014 academic year averaged $22,826. A moderate budget at a private college averaged $44,750.

While plenty of surveys show costs a bit higher or lower than those levels, what’s important is that virtually every measure of college costs shows that the price tag is 75% to 100% higher today than it was in 1991-92, when the current crop of college graduates was born. It’s up about 150% from the time frame when today’s young parents were born.

Clearly, that rate of inflation can’t keep up forever, and it won’t.

Jeff Weniger, an investment strategist at BMO Global Asset Management, compares college costs to oil prices, noting that around the time gas reached four dollars per gallon, significant inroads were made in fuel efficiency that have helped to stave off inflation since.

He thinks the situation will be much more drastic in the case of college tuitions, saying on my radio show this week that “you could see 100 percent deflation.”

Within 10 or 20 years, the old wonderful experience I had — going to a dorm room and going to college parties and studying on the side — that’s going to go away and it’s all going to be on the Web for peanuts,” Weniger said.

Comment by Bill, just South of Irvine, CA
2014-06-02 07:43:30

I guess if every young person stays home for college, the guys must figure another way to do panty raids on eligible young women in the same SFH neighborhoods?

Comment by Whac-A-Bubble™
2014-06-01 20:49:55

How are your bond investments holding up?

Comment by Whac-A-Bubble™
2014-06-01 20:56:01

May 30, 2014, 2:12 p.m. EDT
Fixed-income market is ‘permanently shrunk’
By Sital S. Patel, MarketWatch

NEW YORK (MarketWatch) – Revenue from the once lucrative fixed-income trading business has fallen sharply in recent years and analysts say it will never recover to its peak levels.

“The market has permanently shrunk,” said Gerard Cassidy, analyst at RBC Capital Markets.

In the first quarter of 2014, major banks generated revenue from fixed income, currencies and commodities, known by the acronym FICC, of $22 billion, down 37% from the $35 billion generated in the same quarter of 2010, according to research firm Coalition.

Revenue from FICC accounted for 50% of total revenue in the quarter, down from 63.5% in the first quarter of 2010, according to Coalition.

There are two main reasons for the slump. First, the regulatory regime that has been put in place since the 2007-8 crisis has brought major changes to how banks do business. Tougher capital requirements have significantly eroded profit in business areas such as FICC and forced executives to make tough decisions on capital deployment.

The changes have come at a time when central banks keen to boost sagging economies have kept interest rates at ultra-low levels. That, in turn, has reduced volatility and made it much harder to make money from what used to be the most profitable trading segment.

“Interest rates have been much less volatile the past two years,” said David Hilder, analyst at Drexel Hamilton. “Once the euro crisis cooled, all the world’s major central banks decided to keep rates lower for longer to try to stimulate economic growth.”

But even if economies eventually get back on track, bankers are expecting the downward trend in FICC to continue.

J.P. Morgan Chase & Co.’s has already told investors it expects second-quarter trading revenue to fall as much as 20%, after a 17% slump in the first quarter.

Citigroup Inc. is expecting a second-quarter decline of 20% to 25%, after a decline of 18% in the first-quarter. Chief Financial Officer John Gerspach recently forecast a 5% to 10% slump for the year.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-05 10:05:50

DOW 20,000,000 by 2015!

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