June 23, 2014

Bits Bucket for June 23, 2014

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

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Comment by Ben Jones
2014-06-23 04:01:13

Listen up people; today is moving day for me. I’m leaving Flagstaff and it will be a few days before I get settled. Then I have to travel again this coming weekend. So you will have to put up with no posts from me and delays in moderating. Sorry, but there’s no getting around it.

Comment by Rental Watch
2014-06-23 07:50:53

Good luck with your move. Man oh man, do I hate moving. I sincerely hope it goes well.

Comment by Albuquerquedan
2014-06-23 07:51:19

I must of missed it, where are you moving?

Comment by Ben Jones
2014-06-23 07:58:21

I am going to the metro with the weakest housing market in the nation, where I will feast on the carcass of speculators.

Comment by Housing Analyst
2014-06-23 08:00:52

Whoo hooo!

Coming to every neighborhood in the US.

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Comment by Rental Watch
2014-06-23 08:03:29


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Comment by Ben Jones
2014-06-23 08:05:58

To be revealed later.

Comment by aNYCdj
2014-06-23 08:10:59

Were you born in Flagstaff? guess you’ll miss all the snow.

Comment by j-j-j-joe
2014-06-23 08:28:50

has to be vegas, phoenix, or inland CA (riverside area).

Comment by Housing Analyst
2014-06-23 08:46:15


Comment by rms
2014-06-23 18:21:31

“has to be vegas…”

+1 I’ll second that bet.

Comment by Tarara Boomdea
2014-06-23 08:12:57

I am going to the metro with the weakest housing market in the nation, where I will feast on the carcass of speculators.

Hi neighbor!

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Comment by Salinasron
2014-06-23 08:25:32

Good luck, wishing you success.

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Comment by Salinasron
2014-06-23 08:27:22


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Comment by Rental Watch
2014-06-23 09:00:12

Doesn’t seem like enough rampant speculation in Detroit. Vegas has a huge number of vacant homes, and lots of speculation…not a good combination.

Comment by cactus
2014-06-23 09:12:26

Nevada ? Vegas or Reno ?

WASHINGTON (Reuters) - U.S. home resales rose more than expected in May and the stock of properties for sale was the highest in more than 1-1/2 years, suggesting that housing was pulling out of a recent slump.

The National Association of Realtors said on Monday existing home sales increased 4.9 percent to an annual rate of 4.89 million units. May’s increase was the largest since August 2011.

Economists had forecast sales rising only 2.2 percent to a 4.73 million-unit pace last month.

The housing recovery stalled in the second half of 2013 as interest rates increased and prices surged against the backdrop of a dwindling supply of properties available for sale.

Despite the second consecutive months of gains, sales were down 5.0 percent compared to May last year. They remain down 9 percent from a peak of 5.38 million units hit in July.

Still, the increase in sales will be welcomed by the Federal Reserve, which is closely watching the housing market as it contemplates the future course of monetary policy.

Fed Chair Janet Yellen has warned that a prolonged slump could undermine the economy.

The sturdy housing report added to signs that economic activity has regained momentum after sliding in the first quarter.

Comment by Whac-A-Bubble™
2014-06-23 13:15:46

The sturdy housing report added to signs that economic activity has regained momentum after sliding in the first quarter the Fed will be able to continue its QE3 tapering right on schedule.

Comment by rms
2014-06-23 18:24:17

“Vegas has a huge number of vacant homes, and lots of speculation…not a good combination.”

+1 And Mel has mo credik.

Comment by oxide
2014-06-23 09:21:54

Depends on what Ben means by a “weak” market. The states with the mostt price decline over the past year are… Arkansas and Maine. Well I don’t see Ben hanging out with the lobsters or the Walton billionaires. Yeah, he’s probably in Vegas or Inland Empire.


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Comment by Whac-A-Bubble™
2014-06-23 13:16:46

I don’t see Ben moving to the Greater DC market, though I do expect prices to turn there within the next decade. What goes up, must come down.

Comment by pazuzu
2014-06-23 12:05:06


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Comment by pazuzu
2014-06-23 12:06:17

Oh nvm, you said the weakest in the nation not the world.

Comment by Ella58
2014-06-23 12:12:28

And “carcass” implies there might be something left after the implosion…

Comment by Bill, just south of Irvine
2014-06-23 12:13:41

Motown! You like soul food?

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Comment by Ella58
2014-06-23 12:24:04

Florida? Tampa, Palm Beach, Miami all seem to be soon ripe for the picking. Or Coachella Valley/Palm Springs? Or a lot of speculators in Atlanta…

This is fun, like housing crash bingo!

Happy travels Ben, and in the meantime thank you for all the work you put into this blog. It’s an invaluable resource.

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Comment by Whac-A-Bubble™
2014-06-23 13:11:04

Beautiful! Good luck at snapping up homes at fire sale prices from specuvestors who foolishly bought at the Echo Bubble peak!!

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Comment by Patrick
2014-06-23 17:09:56

“I am going to the metro with the weakest housing market in the nation, where I will feast on the carcass of speculators.”

Palm Beach is my guess. Looks like you are backing up RAL in his severe price reduction analysis - which we must admit he seems to be proving with his statistics.

You probably have more housing experience/education etc than 99.9% of America - so when you make a comment such as above we should all be VERY alert to what the immediate future holds for real estate.

Best of luck Ben. You have helped us all gain so much.

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Comment by Guillotine Renovator
2014-06-23 21:39:20

It’s got to be either Vegas or Phoenix.

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Comment by azdude
2014-06-23 05:17:01

home prices seem to have stabilized?

Comment by Whac-A-Bubble™
2014-06-23 05:26:30

Housing prices have reached what looks like a permanently high plateau.

Comment by azdude
2014-06-23 05:56:05

I thought the plateau was in 2008?

U know what I find quite interesting is that some places have went back to 2008 prices while others have had a bounce but not that far.We are just not seeing the frenzy that consumed the nation in 2008.

S cal prices and the bay area have seen a lot higher prices but the central valley has not seen a real large bump.

Comment by FavelaTouro
2014-06-23 06:29:39

You need to find more strawberry pickers to commit fraud. Theres plenty coming in now.

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Comment by azdude
2014-06-23 06:32:12

I think they need to loosen credit standards again.

Comment by iftheshoefits
2014-06-23 07:04:19

Loosen credit standards further, you mean. Credit standards are still incredibly loose, it’s just that no one has the income to qualify.

Comment by Housing Analyst
2014-06-23 07:55:55

Of course they don’t given the fact resale housing prices are still 300% higher than long term trend. Its good to see the prices starting to crater though.

Comment by Whac-A-Bubble™
2014-06-23 13:19:14

…it’s just that no one has the income to qualify at Echo Bubble peak prices.

Comment by rms
2014-06-23 18:31:30

“I think they need to loosen credit standards again.”

Mel Watt b say’n dat 2.

Comment by FavelaTouro
2014-06-23 05:46:13

Yes, prices are falling in a stable manner. The situation has stabilized downward.

Comment by azdude
2014-06-23 06:48:17

it is your civic duty to support rising stock and home prices.

Comment by oxide
2014-06-23 07:03:07

I think it’s accurate to say that the “situation” has stabilized downward, but I don’t think prices will stabilize downward. Or at least, prices will reach a floor and then stop.

I think that ultimately, the only people who will be able to afford to buy a good condition house in a traditional way — and live within their means — are the Goon Squad 15% Middle Class. Everyone else will buy on some government program (or combination of programs)… or get roomies… or surrender to spending 50% of income on the house and putting the rest of their lives on the CC. They might be able to score a lower price, but they will pay other forms, such as an ugly house or rotting house or long commute or unsafe neighborhood. Everyone else will rent.

Comment by FavelaTouro
2014-06-23 07:26:28

Wishie, Wishie, little fishie.

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Comment by goon squad
2014-06-23 07:34:44

“surrender to spending 50% of income on the house”

That’s the key word right there: surrender

Because loanowners are loosers

And Bill just south of Irvine = WIN

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Comment by Housing Analyst
2014-06-23 07:49:40


Surrender your mind to the fact you got ripped off as a result of your tragic lapse in judgment.

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Comment by mikeinbend
2014-06-23 19:24:06

Shouldn’t she….dump her depreciating shack for whatever she can get now; or hold it until tomorrow where she won’t be able to find a buyer at any price?
Tryin to help you out here.

Comment by Housing Analyst
2014-06-23 19:40:58

You’re a mess.

Comment by Blue Skye
2014-06-23 11:06:15

“I think that ultimately, the only people who will be able to afford to buy a good condition house in a traditional way…”

This is mania talk. The normal way to buy a house is to save and buy, not borrow and slave. The normal person will be able to do this when the manic army of debtors lies dead. They rose up as a mob but they are getting crushed one by one. Only debt junkies willing to lie down in front of a steam roller keep house prices ridiculous. When you’re gone, then we can be normal.

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Comment by Whac-A-Bubble™
2014-06-23 13:26:06

Don’t forget that Uncle Sam is giving the debt donkey army as much aid and comfort as possible!

Comment by iftheshoefits
2014-06-23 13:50:21


This is classic rationalization of the absurd, coupled with blind trust that the clowns running the show can keep the con going indefinitely.

Sadly this passes for informed opinion in a number circles these days. Not limited to either of the two main political persuasions.

Comment by oxide
2014-06-23 16:47:53

For the hundreth time…. it doesn’t have to go on indefinitely. It only has to go on long enough — simply drop slowly enough –to make buying worthwhile in comparison to renting.

Pay no attention to Skye. He’s just pissed off that I refused to retreat to a one-bed apartment and wait for a man to take care of me, like a good woman should.

Comment by Housing Analyst
2014-06-23 17:38:47


The rent/buy numbers hasn’t work since 1998. A reality you’ve been running from since your staked your wallet on a rapidly depreciating asset.

Comment by Blue Skye
2014-06-23 18:10:19

Now there Oxy, I have never claimed you should have a man taking care of you. God forbid! This is a completely unfounded accusation. I am also not pissed. I simply challenge your arguments when the assumptions are incredible, and the opportunities abound.

Like, am I pissed that you filled your freezer with jugs of water to save on electricity? Of course not, but it was illogical.

Comment by iftheshoefits
2014-06-23 18:21:46

‘it doesn’t have to go on indefinitely.’

Oh, it won’t, that’s for sure.

Of course it’s possible hypothetically that buying can sense in a flat to declining price market. ROI concerns fade as the price drops. But that would be at price levels roughly half of where they are now, relative to incomes.

At current price levels, along with zero to 3.5% down (i.e. 30-100 to 1 leverage), 10% fees to cash out, 30 year terms with require 7-10 years to even reach 10% equity… we know where this all is headed. Again.

Comment by Guillotine Renovator
2014-06-23 21:48:02

“For the hundreth time…. it doesn’t have to go on indefinitely. It only has to go on long enough — simply drop slowly enough –to make buying worthwhile in comparison to renting. ”

But it’s never a controlled slide. I could have shown you houses in 2009 that couldn’t find a buyer for half the price they are selling for today. Why is that, huh? What makes you think that all of a sudden in the next decline, that buyers will be waiting? When the panic begins, NOBODY wants to buy.

Comment by pazuzu
2014-06-23 15:38:23

“Or at least, prices will reach a floor and then stop.”

Let me guess, the price you paid will set the floor?

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Comment by Housing Analyst
2014-06-23 18:58:59


Oh the depth of delusion a donkey will develop.

Comment by cactus
2014-06-23 09:17:17

Brother in law was out visiting he just bought a house in Queen Creek Az

He liked my rock landscape I have going in Moorpark CA.

I guess he had many landlords collect rent from him but not pay the mortgage - out Johnson ranch way , CA landlords every one of them. One wanted him to help remove all the granite counter tops ..

Funny yet sad stories of the housing bust.

Comment by mikeinbend
2014-06-23 19:56:18

Way back, when I lived in Somis (1970-1986), we spelled Moorpark backwards for fun. But hardly anyone lived there to take offense. That was also before there was much of anything gentrified about it. Ever had burritos at the Somis Market? Owned by mom of elementary classmate of mine. Plenty of migrant workers got their checks cashed there I do recall…

Comment by cactus
2014-06-23 20:17:27

All I know about Somis is they have a Nut House that sells nuts and other over priced stuff

I moved to Moorpark in the 1980’s because Thousand Oaks was too expensive for me. No grocery stores back then just the tipsy fox liquor store.

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Comment by Whac-A-Bubble™
2014-06-23 05:25:30

“When will this echo-bubble hit its peak, or has it already done so? Someone this past week posted a comment of ‘I’m calling top.’ But it made me wonder: are we really close to the top? Past the top? Still years from the top?”

Here is one SoCal data point: My cousin and his wife had planned to sell a condo in the OC by this spring. I believe there was some kind of tax consequence if no sale by then, due to a limited time between when you move out of a home as primary residents during which you can rent it out before an owner-occupancy tax break expires.

As of now the renters are still occupants and the home is not sold. Also, apparently they have had to lower their list price considerably from what they thought it would go for earlier this year. (Luckily they own the place free and clear!) They are hoping to sell by the end of the summer, but they still have the problem of persuading their renters to leave.

Remember, accidental landlords, possession is ninety percent of the law.

Comment by FavelaTouro
2014-06-23 07:29:46

They lowered price considerably? Whose definition of considerably? Do you know a number or percentage?

Why hasn’t it sold? It is very easy to do. Same reason as always, they want too much.

Comment by inchbyinch
2014-06-23 08:29:51

So Ca
Our neighbor paid $610K for 2,600 sq ft w/ a spa & fire pit(10+ backyard,house needs updating) in Dec 2011 (9 mos before we bought). Their 16 yo son died of a heart condition in the house (came home from church and found him) and the wife can’t deal with living there. The house is on the market for $589K. This couple did the windows as well. Oh man, I feel for them.

With the windows and the cost of selling without using an online MLS Service (like we did) it’s got to be a in the range of a $50K hit.

Comment by Whac-A-Bubble™
2014-06-23 13:30:08

“Same reason as always, they want too much.”

I’d rephrase that slightly, to say that they and the used home sales people advising them had an overly optimistic estimate of what the condo would sell for, given current market realities. I agree they want ‘too much,’ but the real issue is an unrealistic assessment of current market value, rather than a refusal to reduce reservation price. At this point they know they are in a Dutch auction situation; it comes down to a question of how fast and far to reduce price to attract an offer.

Comment by Whac-A-Bubble™
2014-06-23 13:31:47

P.S. I didn’t hear specifics on how much they reduced their asking price…just that it didn’t sell for what they listed it earlier this year.

Comment by Rental Watch
2014-06-23 07:58:16

Do the renters have a valid lease? If not, why haven’t they commenced an eviction?

Also consider that they are trying to sell a house while it is full of renters (which doesn’t make the marketing process all that great).

Comment by cactus
2014-06-23 09:19:50

Do the renters have a valid lease? If not, why haven’t they commenced an eviction?

Also consider that they are trying to sell a house while it is full of renters (which doesn’t make the marketing process all that great).”


Comment by Whac-A-Bubble™
2014-06-23 13:40:09

I believe they would rather have the renters move out without an eviction, based on humanitarian considerations. However if the home sells and the renters refuse to move, I expect eviction to follow.

Comment by Rental Watch
2014-06-23 15:24:13

Doesn’t your cousin think that having the renters still living there impact the marketing of the property?

When we purchased, the owner still lived in the house (she leased it back before we occupied). However, she had every incentive to keep it clean, presentable, available for showing in pristine condition, etc. A renter has no such incentive.

I understand not being a jerk about moving someone out. That said, it sounds like the hit to your cousin from a tax standpoint may be very real–seems like your cousin could have written the tenant a check to assist in finding a new place (including moving expenses), and had both he and the renter would have been better off.

As it stands, it looks like the renter will do fine (get to stay longer than they would otherwise), the Federal Government will get more in taxes, and your cousin is going to be harmed. Not saying that your cousin should have been a jerk and proceeded with eviction proceedings after 30 days, but there must have been a better way.

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Comment by Whac-A-Bubble™
2014-06-23 05:27:39

What tastes better: Dog, fox or donkey meat?

Comment by Whac-A-Bubble™
2014-06-23 05:29:40

June 23, 2014, 1:58 a.m. EDT
In China, violent clash breaks out over dog-eating event

By Laura He, MarketWatch

HONG KONG (MarketWatch) — China’s heated nationwide debate about dog-eating has evolved into a violent conflict between animal lovers and supporters of the traditional food.

Several diners at a dog-meat restaurant were attacked by dog lovers Saturday night in China’s southwestern city of Yulin, where a high-profile dog-meat festival has stirred national attention. One diner was injured during the fight, according to a report by the state-owned China News Agency.

Yulin’s annual dog-meat festival, which began Saturday, has triggered outrage and vehement denunciations by pet lovers across China and caused a national debate over the ethics of eating dogs.

Animal lovers contend that some locals torture dogs or slaughter them in cruel ways, and that some even steal pets to sell them to butchers or restaurants for money, while supports of the festival says it’s their tradition and right to eat dog meat and that it’s no different from eating other meat, such as pork or fish.

Comment by Albuquerquedan
2014-06-23 07:08:25

Is it racist to post that Chinese eat dogs, I need the politically correct police to give an opinion?

Comment by Albuquerquedan
2014-06-23 08:03:44

No response? I have to go to meetings.

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Comment by Whac-A-Bubble™
2014-06-23 13:48:25

Would any members of the canine race who are reading and posting today care to offer comment?

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Comment by Blue Skye
2014-06-23 05:39:09

I remember back in the ’60s when McD’s was reported for allegedly using “other” meat in their burgers. It was about the time they were celebrating having served their 1 millionth customer.

Comment by Elanor
2014-06-23 07:39:34

Soylent Green is people!

Comment by FavelaTouro
2014-06-23 06:02:25

When coated with that Orange Chicken breading from Panda Express and served with chow mein, does it really matter? McDonalds is offering TWO double cheesburgers for $3.33.

The only inflation occurring is in waistlines and the cost of obesity related medical care. We live in a society where a fat person on a scooter is acceptable and normal.

Comment by Albuquerquedan
2014-06-23 06:52:52

Ask Obama.

Comment by Albuquerquedan
2014-06-23 07:00:05

From Today’s Yahoo:

TOKYO (Reuters) - Manufacturing in China and Japan returned to growth in June after months of decline but an unexpectedly sharp fall in French business activity dragged on the wider euro zone, surveys showed on Monday.

Beijing’s targeted stimulus measures and Japan’s improving labor market supported domestic demand in Asia’s dominant economies but the gap between the common currency area’s big two remains wide

What tastes better: Dog, fox or donkey meat?

It was ask Obama

Comment by Albuquerquedan
2014-06-23 07:57:36

From Iafrica today:

China’s manufacturing activity expanded in June for the first time this year as the effects of Beijing’s mini-stimulus on the world’s second-largest economy gradually kick in, HSBC said on Monday.

The bank said in a statement that its preliminary purchasing managers index (PMI), which tracks activity in China’s factories and workshops, came in at 50.8 this month, the highest since November’s identical figure.

It was also the first time since December that the index has been above the 50-point break-even level, suggesting the sector is expanding, according to data compiled by financial information services provider Markit and released by HSBC.

The indicator is a closely watched gauge of the health of the Asian economic powerhouse and key driver of global growth.

“The improvement was broad-based with both domestic orders and external demand sub-indices in expansionary territory,” HSBC economist Qu Hongbin said in the statement.

“This month’s improvement is consistent with data suggesting that the authorities’ mini-stimulus are [sic] filtering through to the real economy.”

With growth slowing this year, Beijing has since April announced a series of measures to bolster growth, including tax breaks for small enterprises, targeted infrastructure outlays and incentives to encourage lending in rural areas.

In the first three months of 2014 China’s economy grew 7.4 percent, weaker than the 7.7 percent in October-December and the worst since a similar 7.4 percent expansion in the third quarter of 2012.

“Today’s PMI reading is the latest sign that, in some sectors at least, downwards pressure on growth has largely eased,” said Julian Evans-Pritchard, an analyst with research firm Capital Economics, in a report.

Premier Li Keqiang in March announced a growth target of “around 7.5 percent” for this year.

But the government indicated the target was flexible to a certain extent as long as the job market was stable, and it has publicly ruled out a massive stimulus similar to that seen during the global financial crisis.

Qu said in the HSBC statement that the employment sub-index, which has been indicating decreases, showed “signs of stabilisation”, adding the bank expected the government to maintain its “accommodative policy stance” until the recovery was sustained.

The Chinese Premier at a meeting earlier this month labelled achieving the annual growth target as an “inescapable responsibility” of local governments, urging “no delay” in action.

“As Beijing is determined to deliver stable growth with a slew of mini-stimulus measures… we observed a bounce-back of confidence in the economy which will help bolster demand,” Bank of America Merrill Lynch economists Lu Ting and Zhi Xiaojia said in a research note.

“We expect Beijing to continue rolling out more measures to stabilise growth,” they said.


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Comment by Blue Skye
2014-06-23 10:30:50

“stable growth”

I am sure that is just as much an oxymoron in Chinese as it is in English. Growth by construction of stuff already in overcapacity through injection of debt is anything but stable.

Comment by aNYCdj
2014-06-23 05:28:12

They are not finished here Long Island city mine and LL auto mechanic here 38 years just up and sold his business (and low balled his houses starting price sold in 3 days and really did have multiple bids ) on a high traffic corner for $1.2 million and they are going to build a few luxury kondozes…..I found an honest and reliable place but the land was worth far more then the bizness.

Comment by oxide
2014-06-23 07:10:17

I found an honest and reliable place but the land was worth far more then the bizness.

This is your auto mechanic friend talking, not you, right? He must be pushing 60, and now he wants to get rich quick building condoze? He’s already rich! He sold out for 1.2 mil. He could buy a cheap house in podunk, train as a half-time mechanic at the local shop or dealership, and live happily for a long time. But no…. condoze. Talk about a shoeshine moment.

Comment by Blue Skye
2014-06-23 07:45:35

I think he meant the buyer of the mechanic’s property will build condos.

Comment by aNYCdj
2014-06-23 08:18:45

Yes sorry bout dat OX….he’s moving to Vegas for just that reason….paying cash for a house and maybe starting a biz out there.

Funny he was Armenian and had all the cabs come to him….but he always made time for the repeat local customers….plus get this he even let us pay in payments at least 1/3 …well he knew my LL for those 38 years…so i had to make good on the bill….lollll

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Comment by cactus
2014-06-23 09:24:07

I hate it when the good guys leave

Comment by azdude
2014-06-23 05:51:31

Does it seem like the poor people are having to pay for the bailout via inflated consumer prices?

Well at these high food prices people might lose some weight, maybe?

Comment by FavelaTouro
2014-06-23 05:56:59

Obesity is a form of mental illness. Food is self medication. If sugar were reviewed by the FDA today it would be classified as a drug.

But do you really believe that in 2014 they don’t have a pharmaceutical solution to this obesity epidemic? Or to drug addiction? Or a male birth control pill?

Keep on keepin on, for the pigmen.

Comment by goon squad
2014-06-23 06:15:32

pigmen gonna pig

Comment by Combotechie
2014-06-23 06:16:34

“If sugar were reviewed by the FDA today it would be classified as a drug.”

“Just say no.”

Maybe Nancy Reagan had the answer all along.

Comment by Bill, just South of Irvine, CA
2014-06-23 07:47:32

Added sugar and artificial sugar are some of the worst drugs in the world. I just came off of them after decades of addiction. And I still have cravings. It’s an adage, but I think true: The best way to satisfy the cravings is to eat fruit - not fruit juice but fruit in its natural form.

Immediate benefits: Your digestion is better when you do not eat the junk. And by eating red grapefruit every day at breakfast I feel like my chances of having a stroke are greatly reduced.

Very helpful tool: Myfitnesspal. It’s easy to keep a food diary and I also have it on an app on my droid to figure out what I can eat within my 1500mg per day sodium budget when I’m trying to find a spot to eat at lunch. I don’t use myfitnesspal to watch my sugar intake. I don’t budget natural sugar, but still tend to keep to the suggested limit anyway. The app suggests 2300mg for sodium, but people older than 50 should be consuming 1500mg per day of sodium.

Comment by goon squad
2014-06-23 08:18:11

bill just south of irvine wins again.

this is a photograph of a salad:


2.5 ounces of spinach, 1/2 a cucumber, 1/2 a green pepper, 1 roma tomato, 6 ounces of roast chicken breast, and no salad dressing. i eat this 4 times a week and it costs about $3.00 and takes 10 minutes to prepare.

meanwhile, the debt donkeys all around me drop $8-12 every day on takeout lunch full of fat and salt. and they wonder why they are always getting sick and why they feel like sh1t all the time…

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Comment by Bill, just south of Irvine
2014-06-23 08:44:26

That looks very healthy, Goon.

I agree. Your immune system is significantly strengthened by elimination of added sugar and reduced sodium. The biggest clue is I have much more energy than before May. I still had added sugar and too much sodium in my diet in April.

This added energy means your body is stronger and able to fight off viruses and potential diseases.

Comment by goon squad
2014-06-23 08:58:56

As Oscar Wilde said, “Everything in moderation, including moderation”

Last night I ate a bloody piece of grilled cow flesh, but this was after a weekend of 8,000+ feet of elevation gain up to and on the Continental Divide, training for the Pikes Peak Ascent half marathon that I am going to WIN in eight weeks…

Comment by Bill, just south of Irvine
2014-06-23 09:06:56

Try to limit red meat to once a month.

I had a petite prime rib at Kincaid’s in Oakland, CA at Jack London Square Friday night. I was surprised at how great it tasted and it was done to perfection. It was a treat.

But I know I can still make it better than what they did. I can make a great New York Strip steak.

Got a Red Robin frequent customer card and I haven’t used it since February. No need for hamburger when you got the ability to make great steaks at far less sodium than the danger zone.

Comment by Interested Observer
2014-06-23 10:24:11

Just to be clear - added sugars are what you need to watch out for. In of itself, sugar is not the enemy - too much sugar is.

We’re drawn to sugars because our bodies run on glucose. We have a natural affinity for sweet tasting foods which processed food makers exploit so that we’ll keep eating the product and come back for more.

Sugar should be about 5% or so of your daily calories. If you eat something that has say 10 grams of sugar per serving, 10 X 4 = 40 calories of sugar. If you’re eating 2,000 calories a day that would be…about 2% of your daily intake.

But then, life is short, if you’re being good at least 80% of the time, enjoy that cupcake when it’s offered. :-)

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Comment by Bill, just south of Irvine
2014-06-23 10:32:13

But then, life is short, if you’re being good at least 80% of the time, enjoy that cupcake when it’s offered.

That I cannot do - my addiction is so bad I am sure I could not control it. Would not even want to post that on myfitnesspal log.

After turning 55 you gotta say you are not a teenager anymore and have the immune system to fight back against the inflammation that added sugar puts in your body…just saying’

Note: I do eat one square of Ghiradelli square 86% dark chocolate to get the only added sugar. Serving size is 6 squares…

Comment by inchbyinch
2014-06-23 12:31:11

Interested Observer
Might I add, our brains and bodies are healthier on ketosis, burning fat for fuel. Your post was great, but it didn’t address what “Grain Brain” and “Wheat Belly” taught me.

I occasionally enjoy the Hostess, but never bring it in the house. I’m an addict as well. Having sugar around is the kiss of death for my weight control, and I feel like cr*p. Yeah, 55+ is a milestone.

Comment by Bill, just south of Irvine
2014-06-23 13:30:53

Yes and as for needing glucose, I agree. This is why you eat a lot of fruits and vegetables. I notice my amount of sugars I eat is near normal for my target net calories. The added sugar is the poison.

Whole grains are also important to consume. They get vilified because breads and grains have sugars in them. I noticed Jack LaLanne was into whole grains. The Paleo crowd is wrong about grains being bad. Enriched grains are bad. Whole grains have a lot of B vitamins and minerals and antioxidants.

Comment by mikeinbend
2014-06-23 15:42:34

Well foodies time to out myself. Feel free to skip this if you donna like me or think I just play the victim or am a housing shill.

Wife(Sorry Dan, Rio and I never Bend Oer together) made a carrot ginger soup yesterday that was outstanding. Sold out before noon at the store.
She used yam and apple to sweeten it. And some Thai Basil from our garden for zest. Plus orange zest of course!

Organic veggies for the most part; Organic Fresh Crop Pink Lady apples are 90 bux a box; three bucks a pound barely cuts a margin on those…from Argentina. That’s the kind stuff we sell(that or local) so that’s what we use in the kitchen). We made 5 gallons of jam on father’s day; didn’t set up so we are selling it as syrup, oops.

We also sell lots o’ fresh tapioca pudding(soon as any milk or cream expires it gets cooked with), and a daily sweet is baked up as well as cookies of a few varieties. Speaking of sweets; did any of you all know that the first week of June is National Rhubarb Awareness week? Rhubarb upside down cake anyone?
Foodies and Midwesterners take note on the Rhubarb thing.

My favorite cookie is molasses but it seems to be a “winter” cookie? It sells slow as molasses in January come June!

Also we make pickled beets, marinated cucumbers, macaroni salad, chef’s salad, garden salad. Fresh baked artisan Bread is delivered daily for sandwich making and baguette/porter/spelt bread selling.

Luckily we don’t have to worry about poor customers as we get the equine crowd and biking crowd(we a a bit rurally situated); our best customer has 50 horses. Another good customer also sells us our steaks; we always know the kill date on our steaks and ground beef. Chickens run 30 bucks for a whole one! And we BUY the cheese we sell at 10/lb so its gotta be spendy, but we toured the cheese farm and their jalapeno feta or double cream cheddar is awesome! Well its all awesome

Dressing to not run out of? RANCH! WTF?

What I glean in the morning gets cooked into goodies or put in the soup. Cucumbers cook up nicely in soup BTW. They become like a zuke. Our faire certainly isn’t all low fat/low sugar but hey that’s up to the customers to decide. Wanted to make potato leek today but the soup for tomorrow is Chicken Tortilla, has been all year and the leeks will keep one more day.

We will sell local PNW stuff that’s not organic; customers want those Oregon Berries; frankly Organic Driscolls, from Watsonville, or Something Good from Santa Barbara(my old boss) are higher quality, but try telling the Oregonians to buy Californian anything if there is a choice; California’s growing season being what it is.

Best thing:Eating fruit/artisan/organic is easy again. Peaches, Blueberries, Cherries, ETC! Digging it.

Comment by Rental Watch
2014-06-23 08:01:04

I told my left leaning MIL a long time ago that the net effect of high deficits and the Fed printing money is that those with assets will get richer, and those that are scraping by are going to have a hard time. I’m afraid that we’ve only just started to see the effects of the policies of the last few years.

Comment by FavelaTouro
2014-06-23 06:32:01

For the return of the weekday working shills who never seem to be around on weekends, let me say

Everyone here who wants to check in and prove their non-shill status please post these words:


It is that simple.

Comment by azdude
2014-06-23 06:41:38

I think fannie and freddie should underwrite more loans since they can just print some more money to cover the losses.

Comment by Jingle Male
2014-06-23 07:12:23


There, I said it so Fav and feel good and I believe it to be true in general.

However, one of my sons is buying a house this week in Oregon and getting a great deal. He can easily afford the cost, it cuts his commute to a 5 minute walk, provides $400/mon to principal reduction, and improves his quality of life tremendously. His housing cost will go up 43%, but the tax savings and equity reduction portion offset the increased cost. It is a screaming deal. It practically fixes his housing cost, so no more rent increases. The best part of all this is he uses his VA loan, so the seller pays all the closing costs and he has a zero down payment. Since housing payments are made in arrears and rent is paid in advance, he gets a “free month” of extra cash flow.

This is an appropriate offset for the hell he endured in Ramadi, Iraq, fighting the idiots we chased out of Fallujah.

So while I agree with basic idea this may not be the best time to buy a house for some, it really depends on individual circumstances and the price, terms and deal structure.

Comment by FavelaTouro
2014-06-23 07:35:31

Crimney Christmas you are a piece of work. He can easily afford the losses? You are a poor pretend Dad.

Comment by oxide
2014-06-23 09:09:42

Rail against Jingle Male’s housing policy if you will, but leave the parental insults OUT of it.

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Comment by Housing Analyst
2014-06-23 16:15:56


Comment by FavelaTouro
2014-06-23 18:49:24

but leave the parental insults OUT of it.

He’s a fraud and it is made up, hence the pretend. And as for your donkey-mama attempt at censoring the truth, encouraging your kid to buy in this market at the top is tantamount to child abuse. If it is true, he is a horrible father unless he and his kid are so rich that it doesn’t matter. And I mean that. All these horrible debt donkey parents without the common sense to tell their kids not to buy and even worse to actually encourage it.

They are encouraging something that can really screw the kid, his wife and any kids for years to come.

Comment by FavelaTouro
2014-06-23 19:33:18

Child Abuse.

Comment by Jingle Male
2014-06-24 03:17:56

Oxy, thank you for your concern. It is much appreciated and the fact this blog has degenerated to so much sophomoric posting really demeans the message and is a big reason many people no longer post here.

The fact is, what Fav thinks of me and my parenting is of no concern to me. My children and I have fantastic relationships and that is what matters. We meet our challenges.

The fact Fav can comment on a specific deal while knowing nothing about it is a big indication as to his credibility. My son is buying a home he can afford and paying 20% less than the prior owner. His housing cost is now in his control, his quality of life will rise, he will build equity and he gets great satisfaction from being a homeowner.

It is pretty funny how everything I post here is true, yet there is a certain segment on this blog that always considers it to be “fraud”. They are so invested in their own beliefs, they can’t accept others success when it challenges their way of thinking.

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Comment by Housing Analyst
2014-06-24 08:56:14

We’ve lost count the number of distortions and flat out falsehoods you’ve posted here.

Comment by Albuquerquedan
2014-06-23 07:39:07

This is an appropriate offset for the hell he endured in Ramadi, Iraq, fighting the idiots we chased out of Fallujah.

My nephew went through the same.

Comment by Housing Analyst
2014-06-23 07:43:23

Lol…. Paying a 300% premium is now a “screaming deal”.

Put down the bottle/crack pipe J._Fraud.

Comment by inchbyinch
2014-06-23 12:43:28

“This is an appropriate offset for the hell he endured in Ramadi, Iraq, fighting the idiots we chased out of Fallujah. ”

Thank him for serving from me. Best Wishes in his new home.

My niece graduated with a low demand major and joined the Marines with her boyfriend. Just got out of Vietnam, and I’m hoping the ME isn’t in her future. You can’t force democracy. Other than a few countries in the ME, their 6 century animals.

Comment by Housing Analyst
2014-06-23 18:57:11


Two frauds that fraud best together.

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Comment by Jingle Male
2014-06-24 03:21:29

Yes, that is what my son says about the Middle East. They have been fighting amongst themselves since time began and nothing we can do will change that behavior.

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Comment by Housing Analyst
2014-06-24 09:00:54

Even history isn’t safe from your grand distortions.

Comment by Bill, just South of Irvine, CA
2014-06-23 07:15:21

Now is not a good time to buy a house.

It’s a bad time. The market cycles are reversing.

It’s an election year for the stock market but if the same old coalition of statist progressive/neoconservatives lose control of the congress, the stock market is going to react badly.

The tea party is stronger than it was several years ago. The whole progressive/neoconservative interventionism in Iraq is going to fail big time. But if it fails before November and Obama orders our troops back in, the American public will backlash big time and vote for the tea party. The American public is very tired of our meddling in the middle east and wants us out of there completely. The banksters/progressives/neoconservatives don’t get it - or they sense it but are walking a very skinny rope and very unstable.

If the Iraq situation is bogged down and our military does not get involved before November then Obama’s Congress and lap dogs will stay the same. And stocks will be up another 5 or 10 percent.

House prices? The problem is demographics mostly. House prices have started falling this year and will continue to fall.

Precious metals have reversed in December and although I would love to see gold prices at $1,000 or less so that I can back up the truck and get more metal per buck, I think the price is likely to go up to $1400 between now and the end of the year. PGMs will stay hot. Silver will be hot.

Comment by Albuquerquedan
2014-06-23 07:24:54

Did you see the German comment up above? It is interesting for years people have questioned Ron Paul’s sanity when he questions whether gold that is alleged to be in vaults whether at Fort Knox or in New York actually exists in physical form or has been leased out to suppress gold’s price. But this whole German gold situation is strong evidence that he is correct, first it was going to take years to move to Germany without a credible reason why and now they are saying never mind since it is clear that there is no way to replace the gold given the world’s production of gold and China’s demand.

Comment by Bill, just South of Irvine, CA
2014-06-23 07:39:44

And if gold is a dumb thing to own, why do central banks make darn sure they have $billions worth?

Woe to the individual who has no movable, hidable wealth to last even one day worth of food and shelter.

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Comment by azdude
2014-06-23 11:58:27

it is unethical to talk down housing when clearly the market has stabilized.

Comment by Whac-A-Bubble™
2014-06-23 13:52:44


Comment by mikeinbend
2014-06-23 16:21:42

Now is not a good time to buy a house
As good a time as any to buy an Heirloom tomato,
Eaters gonna eat!

Comment by Jingle Male
2014-06-24 03:24:09

It is an even better time to grow an Heirloom tomato.

Comment by Albuquerquedan
2014-06-23 06:49:49

The most corrupt sports organization in the world is also the most PC, some how these seem to go together:


Comment by FavelaTouro
2014-06-23 07:37:12

Real sports don’t end in a “draw”

Comment by Albuquerquedan
2014-06-23 07:41:08

Real sports require a helmet.

Comment by goon squad
2014-06-23 07:54:04

Because real American rugged individualists prove what a badass they are when they develop Alzheimer’s at age 40


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Comment by Albuquerquedan
2014-06-23 07:59:37

I played lacrosse in college so I avoided the Alzheimer’s.

Comment by inchbyinch
2014-06-23 09:01:49

Great book “Grain Brain” by Dr. David Perlmutter MD, and his videos online (website and youtube) are worth watching. He’s a Neurologist with a background in brain matter. He teaches how to avoid getting Dementia and Alzheimer’s. Fascinating.

Comment by Jingle Male
2014-06-24 03:27:31

Funny how a few Americans can’t appreciate the most popular sport in the world because they can’t understand it.

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Comment by Elanor
2014-06-23 07:43:12

Real sports have a fixed time that isn’t wholly dependent on a referee’s whim, or payola.

Comment by Albuquerquedan
2014-06-23 06:51:46

Is it because the gold is safe or the fact that the gold has all been leased out and cannot be replaced without driving gold to $5000:


Comment by Housing Analyst
2014-06-23 06:53:33

Remember….. Houses depreciate rapidly.

Comment by goon squad
2014-06-23 07:07:49

If you think financing a rotting pile of garbage for 360 months is an “investment”, you’ve got rocks in your head.

Comment by Albuquerquedan
Comment by goon squad
2014-06-23 07:30:37

Housing, Dannyboy, housing.

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Comment by mikeinbend
2014-06-23 16:27:34

Didn’t you post a pic of your salad?
I’ve got some surf shots that may interest you; or possibly some old pole,pedal, paddle race results?

Comment by Rental Watch
2014-06-23 12:47:20

I’m curious if there is anyone with a counterpoint to the graphs from the blog, which on their face, clearly show the data being changed over time.

I recognize that “average” temperature is largely dependent on sampling as well as measurement (since you can’t possibly measure all places at all times). I also recognize that climate science is far less exact than either “side” would like to admit.

So, my question stands, what was the rationale for the changes in the graph? Is there any rationale, or is it purely data manipulation followed by rationalizing the change?

I’ll give you my best guess…the most generous.

To compare today’s data to data in the past, you must have samplings of data throughout the US in the present day. If the locations sampled change over time, then to get to an apples/apples comparison, you probably need to so some corrections in past data in order to get a reasonable comparison. In other words, their MIGHT be rationale for prior data to change if you are trying to compare different timeframes (where the samples don’t perfectly match up).

Or, someone is cooking the books (which was my gut reaction).

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Comment by Ben Jones
2014-06-23 07:19:01

‘Whilst the instability in Iraq has connections to the Syrian conflict next door, and many individuals who fought for Isis in Syria are now present in Iraq, the Iraqi insurgency is more acutely focused on solving the problems of Iraq’s fractured polity than it is the goals of more radical Islamic groups.’

‘In a recent interview with the Daily Telegraph, member of the Batta tribe and leader of the Islamic Army of Iraq Sheikh Ahmad al Dabash stated: “All the Sunni tribes have come out against (Iraqi Prime Minister Nouri) Maliki.’

“There are parts of the military, Baathists from the time of Saddam Hussein, clerics, everyone (who) came out for the oppression that we have been suffering,” he added.’

‘To dismiss what is happening in Iraq as the product of the maniacal whims of a few radical fanatics is to ignore the very real social inequality that exists in Iraq.

Travelling around the country in recent days, I have been shocked at the levels of deprivation that some of Iraq’s citizens have endured.’

‘The grouping of fighters that has swept through Iraq to within 60km (40 miles) of the capital is not a nihilistic jihadist group hell bent on the establishment of an Islamic caliphate.’

‘It is a more general uprising by large groupings of disaffected communities throughout north-western Iraq and a product of years of social exclusion, poor governance and corruption by the Iraqi government.’


So why is the media hellbent on portraying this as one small group?

Comment by Albuquerquedan
2014-06-23 07:27:18

So we can bomb them and keep them from disrupting oil production in the Shiite south. What people do not seem to understand that if the rebels collapse the electric grid and they are close to doing that, production in the south will be greatly impacted without the need for an actual invasion of the oil fields.

Comment by Albuquerquedan
2014-06-23 07:50:01

Interesting article with interesting comments to the article:


Comment by j-j-j-joe
2014-06-23 08:38:32

just another reason cycling is one of the most patriotic activities anyone can do.

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Comment by goon squad
2014-06-23 09:05:40

Cycling is for the European, socialist, and homosexual

My homeboy D is riding the Triple Bypass in three weeks, 120 miles and 10,000 feet of elevation gain, LOLZ


Comment by j-j-j-joe
2014-06-23 09:25:51

That’s rather extreme. Safer than climbing a 14er, though. I figured if I ever climb a 14er it would be Rainier, simply bc of location. Then I read an article about how it’s a really technical climb, so there must be more straightforward options. I would be some n00b trapped up on the slopes because I didn’t use my ice pick correctly and end up with a broken leg after a fall.

Comment by goon squad
2014-06-23 10:05:37

“didn’t use my ice pick correctly and end up with a broken leg after a fall”

My acquaintance J (aka the Facebook Realtor®) did exactly that this weekend and got to take a helicopter ride to the hospital.

Colorado contains between 53 and 58 14ers, depending on your criteria. No state adjacent to Colorado contains a 14er. Washington has 1 (Rainier) and California has 12.

I personally knew and climbed with three people who died in climbing accidents within the past five years. I know at least a dozen who had accidents requiring hospitalization or major surgery.

The 14ers get more and more popular every year, as the amount of garbage and erosion, not to mention the weekend conga line of people, on the trails will attest.

Longs Peak is the deadliest, averaging 1 or 2 deaths every year. People think that because it’s in Rocky Mountain National Park that it’s a ride at Disneyland…

Comment by j-j-j-joe
2014-06-23 11:14:06

I think Rainier is even more dangerous than Longs Peak. I think more ice and more sheer faces. I would be less worried about the fitness aspect of climbing one of those mountains than the techniques or equipment. I’d have no idea how to tell if a pick had started to come loose. I assume experts can feel the smallest changes and know exactly what to do. The other thing is that I’m sure amateurs are renting equipment or are using new equipment that hasn’t been tested out.

Comment by goon squad
2014-06-23 11:29:02

Edit: deadliest in Colorado.

More people probably die on Rainier, climbing on glaciated peaks is a much different game than here. None of the Colorado 14ers exceed class 4 on their easiest routes, meaning you don’t need a rope and technical gear for any of them. I’m planning to finish the list over July 4 weekend, so if the goon goes silent, that means the mountain WINS.

Comment by Prime_Is_Contained
2014-06-24 10:39:46

I’d have no idea how to tell if a pick had started to come loose.

On the most common Rainier routes, you would never use your ice-axe in a way where it could “come loose”, unless things get “interesting”.

The easiest routes are technical, but only in the sense that you will be crossing glaciated areas with crevasses; in other words, you need to be roped up and must be competent in self-arrest in order to keep your rope-team out of the crevasse in the fairly unlikely event that someone were to punch through.

Other than that, your ice-axe will generally be used as a walking stick on the steeper inclines, but you will never use the “pick” end of it. You can do the entire climb without ever being on belay.

There are other much more technical approaches, but as a n00b you should not be anywhere near them.

Comment by Prime_Is_Contained
2014-06-24 10:40:46

’m planning to finish the list over July 4 weekend, so if the goon goes silent, that means the mountain WINS.

AMAZING! Best of luck, goon!

Comment by Ben Jones
2014-06-23 07:55:41

If you think about it, this all reveals some very strange and disturbing things. What’s the first instinct out of DC. Who do we bomb? Who should we kill? We want regime change! These people are so perfect in DC that they can make life or death decisions at the drop of a hat?

When did the media become something that reports major news events on such a childish level? I could sit here and wonder, can 8,000 or 9,000 guys really sweep up a third of Iraq in a week? How do they hold millions of people under a gun while they do this? Oh, then I find a tribe leader (of 3 million members) in the Arab press saying this is a general Sunni uprising, and that the PTB want to paint them all as terrorists. It wasn’t really that hard to arrive at something other than this idiotic conclusion the media has been pushing for almost two weeks now.

I think this is why we haven’t bombed anyone. They know it’s not just this ISIS group; it’s millions of people rebelling. What are they going to do, kill hundreds of thousands of people?

But still, the whole way this has been reported to us by the press and our government stinks to high heaven.

Comment by Housing Analyst
2014-06-23 08:19:43

“What are they going to do, kill hundreds of thousands of people?”

Jiminy cripps give uncle Sam a chance. Mass barbecue takes planning but its what we do best.

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Comment by goon squad
2014-06-23 08:32:27

“Mass barbecue takes planning”

Don’t worry, AIPAC writes the menu for us.

Comment by aNYCdj
2014-06-23 13:32:01

to me its away about a religious Jihad….i never ever wanted to see anyone mass kill people if we kept it to the mosques minimal deaths hopefully just religious leaders, and the destruction of where they learn this evil Islamist stuff.

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Comment by pazuzu
2014-06-23 16:04:09

See? its working. He want’s just wants to blow up the mosques. Insanity.

Comment by aNYCdj
2014-06-23 17:18:10

Insanity yup I think Jews should be able to walk safely in Tehran, and muslims do the same in telaviv………Its not the innocent people or the government that’s at fault its their religion….and that’s where we should aim at, unless they grow up and join the 21st century.

Comment by pazuzu
2014-06-23 16:01:56

It’s important to keep us hating and fearing terrorists otherwise we might start to question forever war.

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Comment by Albuquerquedan
2014-06-23 08:20:40

All true. But it is consistent with the reports we received before the Bush invasion of Iraq. The NYTs convinced everyone and I include myself that Hussein was back producing weapons of mass destruction and thus could be a risk in the post 9/11 world. However, it is clear now that an Iranian plant was the source of all the Intel used by the world. Iran appears to me to be playing the world one more time with the help of our government and press.

Meeting is starting, signing off.

Comment by j-j-j-joe
2014-06-23 08:33:43

Hillary is done here. She’s persisting with her “ability to relate to people having a tough time” schtick. Huge opening for Romney if he wants to run again sans social issue pandering and putting his foot in his mouth constantly. He could upgrade his VP nominee and be competitive in purple states as well. And as a final bonus, he’s actually younger than Hilary by a few years.

Note: This doesn’t mean I’d vote for either of them, just that Clinton is done and Mittens should consider another go of it.



The Guardian’s Ed Pilkington asked Clinton how her financial status could impact her ability to discuss income inequality.

“But they don’t see me as part of the problem,” she responded in the interview published Sunday, “because we pay ordinary income tax, unlike a lot of people who are truly well off, not to name names; and we’ve done it through dint of hard work.”

Comment by j-j-j-joe
2014-06-23 08:45:33

Bill DiBlasio trying to screw up Bloomberg’s NYC. Keep in mind, diversity has absolutely ruined CA public schools in all but the most expensive/elite areas. It’s one of the big differences between similarly well-off areas in the northeast vs CA. Northeast is big on magnet schools, esp for HS, which are merit-based (based on a test scores). Obviously, schools like this are not diverse and are nearly all white/Asian, so normal upper middle class but non-wealthy couples can send their kids to great schools without buying a $1 or 2 MM house.

Admission to NYC’s elite magnet schools is decided by a single exam and nothing else. Apparently its mandated by state law (at least for three of the magnet schools; other schools choose to use the test as the sole criterion anyway). He’s pushing the state legislature to change the law so he can introduce a more wholistic admissions standard and has made clear that he doesn’t think the schools are diverse enough.

I think a single exam with nothing else might not be the best way to handle admissions but I do not trust the clowns in City Government or Albany to get this right. Any change will be a shameless pander to certain groups. I can also imagine local pols using their influence to get their children and their friends’ children into the elite schools despite crappy numbers.

Good link:


Comment by oxide
2014-06-23 13:02:25

From the article:

Bills in the legislature backed by the teachers union and set to be reintroduced next year would allow use of other measures, including grades, attendance and scores on other exams.

Hmm. I can see the case for other grades and exams provided those elementary schools were rigorous. But “attendance” sounds like a slippery slope on the way to allowing for diversity points and socioeconomic hardship. What about a conditional admission? Let in a few marginals, but any issues any they are out immediately.

Comment by Rental Watch
2014-06-23 09:07:36

I’ve been out, so I’m not sure this was posted, but if you look at nothing else related to Boomer housing effects, it should be the graph in this article.


Those born in 1946 haven’t turned 70 yet, and the largest cohort of Boomers is almost a decade younger, which is why I think the authors prognostication of 2025 for a boomer-related bust is perhaps a decade (or more) too early.

Comment by j-j-j-joe
2014-06-23 09:29:04

Sting, the quintessential boomer icon, is paving the way for his generation by vowing to spend all his money before he dies, leaving very little to his children.


Comment by Housing Analyst
2014-06-23 15:04:47

We’re right at the edge of it R._Fraud.

Comment by FavelaTouro
2014-06-23 18:58:21

They dont wait until 70 to sell that crapshack. Those early boomers benefitted the most and retired early cashing out their unearned equity wave.

Comment by Blackhawk
2014-06-23 09:51:18

June 20, 2014 12:00 AM
Of the Bureaucrats, by the Bureaucrats, for the Bureaucrats

For understandable reasons, the IRS scandal has largely focused on the political question of whether the White House deliberately targeted its opponents. To date there’s no evidence that it did. That’s good for the president, but it may not be good for the country, because if the administration didn’t target opponents, that would mean the IRS has become corrupt all on its own.


And that is a cause for concern. If the bureaucrats turn against a group, who do you fight? We need to curb the ever increasing size and scope of all levels of government. And who is organized to do this?

Taxed Enough Already!

Comment by AmazingRuss
2014-06-23 20:01:31

Ain’t gonna happen. It’s gone to far. All we an do now is wait for it to gt bad enough that our neighbors help us burn it down.

Comment by phony scandals
2014-06-23 11:31:17

Nearly Half Of Detroit Water Customers Can’t Pay Their Bill

June 23, 2014 7:33 AM

DETROIT (WWJ) – It’s a basic human right: water. But could the United Nations soon help the Detroit Water and Sewerage Department provide the service to struggling customers?
Water department spokeswoman Curtrise Garner says it’s a possibility — but for now, the water bills must be paid.

detroit.cbslocal.com/…/nearly-half-of-detroit-water-customers-cant-pay-their-bill/ - 91k -

Comment by rms
2014-06-23 23:08:41

“Nearly Half Of Detroit Water Customers Can’t Pay Their Bill”

It’s really about cheap wine or water.

Comment by phony scandals
2014-06-23 11:42:23

The scandal of fiddled global warming data

The US has actually been cooling since the Thirties, the hottest decade on record

By Christopher Booker
4:04PM BST 21 Jun 2014

When future generations try to understand how the world got carried away around the end of the 20th century by the panic over global warming, few things will amaze them more than the part played in stoking up the scare by the fiddling of official temperature data. There was already much evidence of this seven years ago, when I was writing my history of the scare, The Real Global Warming Disaster. But now another damning example has been uncovered by Steven Goddard’s US blog Real Science, showing how shamelessly manipulated has been one of the world’s most influential climate records, the graph of US surface temperature records published by the National Oceanic and Atmospheric Administration (NOAA).

Goddard shows how, in recent years, NOAA’s US Historical Climatology Network (USHCN) has been “adjusting” its record by replacing real temperatures with data “fabricated” by computer models. The effect of this has been to downgrade earlier temperatures and to exaggerate those from recent decades, to give the impression that the Earth has been warming up much more than is justified by the actual data. In several posts headed “Data tampering at USHCN/GISS”, Goddard compares the currently published temperature graphs with those based only on temperatures measured at the time. These show that the US has actually been cooling since the Thirties, the hottest decade on record; whereas the latest graph, nearly half of it based on “fabricated” data, shows it to have been warming at a rate equivalent to more than 3 degrees centigrade per century.

When I first began examining the global-warming scare, I found nothing more puzzling than the way officially approved scientists kept on being shown to have finagled their data, as in that ludicrous “hockey stick” graph, pretending to prove that the world had suddenly become much hotter than at any time in 1,000 years. Any theory needing to rely so consistently on fudging the evidence, I concluded, must be looked on not as science at all, but as simply a rather alarming case study in the aberrations of group psychology.

EricStoner >Croaker • 11 minutes ago

And, it’s easier to fool a person than convince them they’ve been fooled. In this case I think it comes down to the money, the huge rip off of the public with the funds going to cronies of the government.

Michael Peter • 15 minutes ago

AGW always causes me to think back to Michael Crichton’s speech about it, where he, being an anthropologist, noted how religion is always the centerpiece of a culture; how humans’ brains are pre-wired to seek explanations for things we don’t understand.

If science is now the decider of truth (and I think it should be) and Christianity is falling out of fashion because of scientific conflict, then what will the new religion be?

Environmentalism has the same tenets as most religions. There once was a perfect balance in nature (garden of Eden). Then man came along and destroyed everything (the fruit of knowledge). Now we must repent for our sins (state authoritarianism, regulation).

Why else would they be calling people “deniers” when so much evidence suggest their science is way off base? Probably because they have faith in it. They believe in it despite the science, not because of it.

If progressives win the culture war, we’re headed right back to state-sponsored religion.


Comment by Pete
2014-06-23 13:37:03

“Goddard shows how, in recent years, NOAA’s US Historical Climatology Network (USHCN) has been “adjusting” its record by replacing real temperatures with data “fabricated” by computer models.

Not sure why the word ‘fabricated’ is in quotes. But anyway, we discovered long ago that our temp measuring devices were often poorly placed (in and around heat islands, places w/pavement and civilization). No doubt alot of our old data came from sources just like that and it makes perfect sense to try and account for that. It should be possible to measure the difference between data from the old locations and that from the new, and compensate. I don’t know that this is what they’re doing, but it would certainly make sense, as much of the old data would err on the high side.

Comment by AmazingRuss
2014-06-23 20:03:31

Oh stop being all thoughtful and educated! Can’t you see we’re being scammed by the secret liberal elite? There is no such thing as a reasonable expiation! Turn on fox news and let the fear and rage flow through you!

Comment by phony scandals
2014-06-23 12:15:07

Alex Newman is NARJ

Dictators Worldwide Demand Aid, Empowered UN, Global Socialism

Written by Alex Newman
Sunday, 22 June 2014 17:20

Communist, socialist, and Islamist tyrants, as well as some elected governments from around the world, came together in Bolivia mid June to sign a massive declaration outlining their autocratic demands. Among them: Global government, planetary wealth redistribution from Western taxpayers to their governments, the United Nations “sustainable development” scheme known as Agenda 21, an “international climate regime,” and economy-crippling energy-rationing policies in the West, as well as much more power for their oftentimes brutal regimes in “global governance” institutions such as the UN and the IMF. UN boss Ban Ki-moon was there to cheer them along.

As The New American reported on June 20, the governments called for what they termed a “New World Order to Live Well.” This article will focus on their specific demands. The final declaration was signed by the so-called “Group of 77 plus China,” which despite the name now includes more than 130 governments and autocracies ruling over nations constituting some 60 percent of humanity — from North Korea and Cuba to Zimbabwe, China, and everywhere in between. The text of the agreement offers a great deal of insight into what their sought-after “New World Order” would look like: It bears striking resemblance to the new order outlined by Western globalists.

Much attention was focused on the UN’s so-called “post-2015 development agenda.” The G77 plus China regimes, echoing the UN, said it must be “global in nature and universally applicable to all.” As The New American reported in February, the UN already has big plans for its post-2015 “agenda,” much of it outlined in a radical report produced with the key assistance of Obama policy architect and extreme Big Government-monger John Podesta. Among other points, the official UN document calls for to planetary authorities to “profoundly and dramatically” alter the “worldview” and “behavior” of every person on Earth. All of it must be done under the guise of shackling humanity to the UN-managed “universal sustainable development agenda.”

Calling for the “reform process” over governance of Bretton Woods institutions to be finalized as soon as possible, the final agreement also demanded a “more ambitious” and “accelerated plan” to give dictators more power. They should be allowed to participate and vote in all discussions on “international monetary reform and in the operation of the new arrangements for special drawing rights in the International Monetary Fund (IMF),” the declaration said. “In this regard, we call on the General Assembly to launch a process to reform the international financial and monetary system.”

Currently, the global monetary system is dominated by the U.S. Federal Reserve and its U.S. dollar, which serves as the global reserve currency. If the G77 and their allies in the West get their way, however, that will soon change. “We affirm that the current world financial and economic crisis and its consequences for development have exposed the gaps and failures in global economic governance, including within the international financial institutions, and the urgent need for a global, universal and integrated response by the international community,” the declaration continued.

Demands for global currency printing followed. “Also the reform should encompass liquidity creation, including improvement in the special drawing rights for developing countries,” the declaration said. By “liquidity creation,” they mean printing fiat currency out of thin air like central banks. Special Drawing Rights, meanwhile, are the proto-global currency already issued by the IMF, with their value based on a basket of currencies. Of course, if the Fund is allowed to emit its own “liquidity,” or fiat currency, the world will officially have the planetary central bank that has long been sought by globalists everywhere. The implications are historic and monumental, as self-styled global authorities would be able to fund their machinations without the need for taxpayer funding now provided by national governments.

Dictators and Third World governments, though will not be enough, so Western nations with a semblance of freedom and self-government remaining must also get on board. “We urge developed countries to show real political will, so that in the process of reform of the United Nations, including the strengthening and revitalization of the General Assembly as an emblem of global sovereignty, it can improve its capabilities and capacities to fully implement its mandates and ensure the effective delivery of its programme in the social, environmental and economic development fields,” the declaration continued, claiming the UN has “unquestioned legitimacy.” It was not clear where populations were demanding a UN better able to enforce its “mandates,” but dictators and the Obama administration are fully on board.

http://www.thenewamerican.com/…ctators-worldwide-demand-aid-empowered-un-global-socialism - 59k -

Comment by AmazingRuss
2014-06-23 20:05:19

Oh my god! The world is screeching to a halt! Everybody panic PANIC PANIC!

Comment by phony scandals
2014-06-23 12:18:47

Tony Abbott Reintroduces Carbon Tax Repeal Legislation

Abbott: “I expect this carbon tax, this toxic tax, to be gone.”
Image Credits: Electronic resistance.net

by Rosie Lewis | The Australian | June 23, 2014

TONY Abbott has challenged Labor to live up to an offer to terminate the carbon tax, after he reintroduced repeal legislation in parliament.

“This legislation will be considered by the Senate and soon members opposite will have to say where they stand,’’ the Prime Minister told parliament.

Mr Abbott says repeal of the carbon tax will be dealt with urgently in the new Senate, which sits next month.

“I expect this carbon tax, this toxic tax, to be gone,’’ he said.

Comment by goon squad
2014-06-23 21:04:48

Worthless, worthless housing.

Worth less and less every day…

Comment by phony scandals
2014-06-24 16:38:59

Homeland Security Seeks Thousands Of Pairs Of Underwear For Detained Immigrants

June 24, 2014 10:05 AM

El Paso, Texas (CBS HOUSTON) – The Department of Homeland Security is looking to fulfill an order for thousands of pairs of men’s underwear – with hundreds of the requested men’s briefs in the 5X and 6X-large sizes.

A solicitation posted earlier this month by the Immigration & Customs Enforcement office seeks thousands of “White 100% Cotton Men’s Briefs” ranging from mediums to hundreds of 6X-large pairs of the underwear.

ICE facilities have seen a recent influx of detained immigrants awaiting deportation, during which time, the detention facilities require such basic items for the detained aliens, Breitbart reported. The ICE orders for the underwear are not unusual for the immigration detention facilities, according to ICE officials.

“This [request for quote] is a normal solicitation for routinely procured items needed at ICE-owned detention facilities around the country,” an ICE spokesperson explained to Breitbart News on Monday. “At ICE-owned detention facilities, the agency is required to provide basic necessities in order to feed and clothe detained aliens.”

The solicitation placed through Federal Business Opportunities cites that the large order – and large underwear – are bound for El Paso, Texas.

houston.cbslocal.com/…/ - 108k -

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