The Housing Bubble

Well in areas close to the beach yes. In the IE by 2004 you were screwed and they put a floor in somewhere around 09-10 in any area that was actually livable. Some slumlords might have gotten bargains here and there in places like MoVal.

I think I’m living in a degenerate gamblers empty skull, rent free.

Santa Clara, CA Sale Prices Crater Plummet 10% As Sellers Slash Statewide

http://www.zillow.com/santa-clara-ca/home-values/

‘Everyone is uptight and angry from sitting in traffic. It is like a 3rd world capital city. Not a good quality of life or a place to raise a family. Kids cant even ride bikes there any more. Time to make the 101 a toll rd and keep them away.’

California is great to visit for the hiking. Living there, well, I don’t have a suitcase of money to make it happen. The beautiful thing is that each of us can find our own oil city. To some, California is the greatest oil city possibility they will ever know. For others, it is just another location for one of their several homes. I just don’t care for the congestion in the cities and the live and die in LA pace of things.

True, So OC looks like any other metro-plex strip mall world from DFW to Suburbs outside Chicago until you get to the beach. I will say though, due to better emissions you can at least see the mountains near Pasadena again.

So cal is much different than a lot of areas of CA.
Yosemite
Santa Barbara
San Luis Obispo
Carmel
Monterey
Marin
Napa … are all gems and nothing like So Cal.

I grew up in the OC in the 70’s when it hurt to take a deep breath in the summer if you were inland.

San Diego air is experiencing a favorable trend.

Air Quality Report by American Lung Association Shows San Diego Air is Improving
The San Diego and Imperial counties also did not make the list for top 10 most polluted cities for any pollutant in the new report.
By Samantha Tatro
A new report out Wednesday shows by most standards, San Diego air is improving, step by step. NBC 7’s Vanessa Herrera has the details. (Published Wednesday, Apr 29, 2015)
Updated at 7:15 PM PDT on Wednesday, Apr 29, 2015

San Diego’s air is getting a little better, year by year.

For the first time, San Diego did not make the nation’s list of top 25 Most Polluted Cities in an air quality report released Wednesday by the American Lung Association.

The San Diego and Imperial counties also did not make the list for top 10 most polluted cities for any pollutant in the new report.

Debra Kelley with the American Lung Association said the report means San Diego’s air has been improving in recent years.

“For the first time ever we are not on the list of the nation’s top 25 dirtiest cities, so that’s great,” Kelley said. “For the first time ever, we did not get an F in particle pollution.”
…

So Cal prices are way up. Getting time to become a locust.

You need a buyer first.

Remember….. I can ask $50k for my 10 year old Chevy truck but where is the buyer at that price?

So it is with housing.

California Housing Demand Craters 13% YoY; Inventory Balloons As Foreclosures Ramp

http://files.zillowstatic.com/research/public/State/State_Turnover_AllHomes.csv

or send the illegals back home and free up tons of rental properties.

“California needs to build 100,000 more homes each year than it does now to ease housing costs, report says”

Feeding the trolls, but…

We are starting from a deficit in CA, which started in earnest in the 90’s when we added 4MM in population, but only added 1MM housing units.

The estimate to keep up with population growth (which is approximately 400k per year) is to build 200-225k housing units per year. The last time hit that number was in 2006…the peak of construction. Since then, we have been running far fewer (the low was about 35k).

So I agree that we need to build more…BUT building 100k per more per year will not “ease” housing costs. We would just be treading water in terms of new housing demand, and the shortage that was built up over the past 25 years would still be causing problems.

Considering;

-Population growth is the lowest in US history per 2010 Census

-25 Million excess empty houses; 4.4 million of which are in CA

There is no deficit in housing.

Once all the come-lately investors in California housing try to cash out, there will be no more shortage.

There’s also plenty of links to stories about:
government fraud waste and abuse
The moral depravity of celebrities
The hypocrisy of the elite
IRS overreaching or scandal
Law enforcement over reaching or abuse
The surveillance state
Illegal aliens

Climate change has always been real.

Plus ca chose, plus ca meme chose.

To be fair, the “progressive” platform could be summarized as follows:

Call somebody racist
Call anybody who denies being racist a racist

“Climate change has always been real.”

Especially in pre-historic, pre-industrial times, when temperatures and sea levels varied by a large factor of any level of variation that has occurred or will happen since the advent of industrialization.

“Call somebody racist
Call anybody who denies being racist a racist”

That’s racis’

Drudge Report has broken the liberal stranglehold on the media and they give prominent coverage to stories the MSM consigns to the memory hole. Do they “rally the base” with inflammatory stories? Sure. But on the whole Matt Drudge has done a tremendous job of breaking through the oligarch-owned media’s journalist omerta when it comes to covering taboo subjects.

“Especially in pre-historic, pre-industrial times, when…”

…giant reptiles ruled a world full of pines and ferns, and the few mammals were scurrying proto-rats.

So we should fit right in, unlike most of our current fruits, veggies, and farm animals.

The Drudge Report is *safe* conservatism, it worships the state and it hates libertarians.

“Climate change has always been real.”

“Especially in pre-historic, pre-industrial times, when temperatures and sea levels varied by a large factor of any level of variation that has occurred or will happen since the advent of industrialization.”

Fantastic post.

giant reptiles ruled a world full of pines and ferns, and the few mammals were scurrying proto-rats.

Sounds like Hillary’s Democratic Convention.

Sounds like Hillary’s Democratic Convention ??

Ah….Another Hilary hater…Little bit scared eh Adan ?? It goes right up your rectum the thought that a “WOMAN” would preside as President over you doesn’t it ?? Likely right up there with being governed by a black man…Not to worry Adan…Rasmusson will soothe your fears…

If you are not bothered by Hillary’s obvious corruption and are willing to vote for her due to her old ovaries, you are just the type of person the globalists are looking for. However, do not complain about growing inequity in this country since you will have voted for it.

To be fair, the “progressive” platform could be summarized as follows:

Call somebody racist
Call anybody who denies being racist a racist

This itself is a Drudge meme.

If you are not bothered by Hillary’s obvious corruption and are willing to vote for her due to her old ovaries, you are just the type of person the globalists are looking for.

Hillary may be a globalist. The good news is that she’s not a socialist like Obama.

Hillary is the best candidate the GOP has. The big banks will continue to run the show with her at the helm.

Rand 2016!!

“Climate change has always been real.”

Yes, winter is colder than summer.

No brains, no headaches.

However, do not complain about growing inequity in this country since you will have voted for it.

If you voted for Reagan. The early 80’s is the turning point of when America embraced the failed-false religion of Trickle-down “economics”.

And the growing wealth inequality has increased under every president since then - including Obama. Why would it not? Of course it will continue. Because failed Trickle-Down is embedded in the structure of the American economy and a president alone cannot fix our mess without a pro-active, supportive Congress.

The problem is we moved away from supply side economics unlike china. We see in Brazil the results of your type of economics.

We see in Brazil the results of your type of economics.

Is it this? Brazil = China =

Brazil achieves a Happy Planet Index Score of 52.9 and ranks #21 of all the countries analysed.
Brazil’s HPI score reflects a relatively high life expectancy, relatively high levels of experienced well-being, and a moderately high ecological footprint.

China achieves a Happy Planet Index Score of 44.7 and ranks #60 of all the countries analysed.
China’s HPI score reflects a relatively high life expectancy, low levels of experienced well-being, and a moderate ecological footprint.

happyplanetindex dot org

Hillary may be a globalist.

Hillary Clinton admits that the CFR runs the U.S. Department of State

Uploaded on Jul 19, 2009
Thank you very much, Richard, and I am delighted to be here in these new headquarters. I have been often to, I guess, the mother ship in New York City, but its good to have an outpost of the Council right here down the street from the State Department. We get a lot of advice from the Council, so this will mean I wont have as far to go to be told what we should be doing and how we should think about the future.

Sorry…
youtube.com/watch?v=-6TXcQpgC9Q

A completely subject left wing site. I would like to see Pew polled the Brazilians after this year and the decline of the economy. Brazil is moving from slow growth and declining standard of living over the last few years to an outright contraction. Yes, that is Brazilian economics and what I predicted five years ago.

http://www.happyplanetindex.org/

A completely subject left wing site.

Nope. I’ve posted from 3 sources - at least 2 academic level and international studies saying the Chinese are not happy.

that is Brazilian economics and what I predicted five years ago.

Wow. You’re good. A monkey flipping a coin 5 years ago could have “predicted” Brazil would have a recession “someday” after almost 15 years of economic growth.

Well done.

A monkey flipping a coin 5 years ago could have “predicted” Brazil would have a recession “someday” after almost 15 years of economic growth.

China has had 36 years without a recession but you are right by flipping that coin you might have been able to predict it too. Brazil essentially stopped growing three years ago and does not look like it ever will return to even 7% growth. As I said about China, I care about the economics because it impacts the world and I posted on economics which at least ties into a Housing blog.

just the type of person the globalists are looking for.

Globalists are looking for China pushers and apologists Adan.

Globalists Call on China to Set, Dictate and “Own the New World Order”

http://www.thenewamerican.com/world-news/asia/item/20601-with-western-help-chinese-communists-build-new-world-order

…In 2009, billionaire financier and establishment powerbroker George Soros called for the communist regime ruling mainland China to “own” what he referred to as the “New World Order.”

In 2015, it has become clear that Beijing is stepping up to the plate as its agents infiltrate the full architecture of existing “global governance” institutions, even while adding their own totalitarian-minded tentacles to it. And despite the effort to portray near-bankrupt Western governments as helpless and confused spectators in the whole process, the globalist European and American establishment’s fingerprints are all over the rise of the Chinese Communist autocrats, and the accompanying decline of the West.

…When it comes to “global economic governance,” the communist regime has been even bolder. For years, Beijing has been lobbying for a “de-Americanized” so-called “New World Order” in which it would have, among other powers, far more influence over institutions such as the International Monetary Fund. More than a few supposed U.S. allies, and even the Obama administration, have jumped onboard the bandwagon to give the totalitarian regime, along with the Kremlin, a greater leadership role at the IMF at U.S. expense. The only obstacle now is a U.S. Congress that refuses to sign off on the scheme, but is under major globalist pressure to submit.

Top Communist Chinese officials and central bankers have long been pushing for the IMF to unveil a truly planetary currency to replace the U.S. dollar as the global reserve.

I agree with parts of that article but disagree vehemently with others. Yes China is pushing its currency to displace the dollar, I have talked about it numerous times and the left on this board has disputed it. But the globalists are primarily the U.S. and British Bankers and they are very upset that China is creating its own world wide banking system and acting as an alternative to them.

China has had 36 years without a recession

You really like pushing Communist countries don’t you? China is not a “free-market” Country. China is a top-down government controlled perversion of free-markets that is parasitically killing actual free-market countries. You’re acting like you are a free-market man is a joke.

Bad Soros paid poster

You’re projecting. You are carrying Soros’ water on China Adan. From the article I posted above:

“…In 2009, billionaire financier and establishment powerbroker George Soros called for the communist regime ruling mainland China to “own” what he referred to as the “New World Order.”

In 2015, it has become clear that Beijing is stepping up to the plate as its agents infiltrate the full architecture of existing “global governance” institutions, even while adding their own totalitarian-minded tentacles to it. “

I get the feeling ABQDan went to school to learn how to argue ( JD) But for some reason no one hires him to do so on their behalf, so he argues on here to stay in shape.

Problem is he is just another FoxBot with Hannity talking points. Not an independent thinker.

Namaste

Actually, I have an in-house position and since I give good legal advice that is followed, I often do have time on my hands. But you are somewhat correct, I do like to argue to stay in practice and this blog does help me to do that, because there are a lot of intelligent people on this blog. But then there is Lola who does waste my time.

I do like to argue to stay in practice

You are not good at for anyone paying attention Adan. And you try to put things past people because you think you are smarter than them which you’re not.

Like yesterday’s calling the Great Recessions of 2008 a “Cyclical Recession” with your goal of lessening Obama’s role of leading USA out of it, when in fact the Great Recession was a much more rare and serious recession caused by a global financial crisis - much more grave than a “Cyclical Recession”. And you know it Adan.

I agree with parts of that article but disagree vehemently with others.

Well, I guess if you disagree “vehemently” we have to believe you.

https://www.youtube.com/watch?v=bOnRHAyXqYY

We can argue about recessions, Reagan faced much more than a “cyclical recession” he faced stagflation which according to the Philips curve was “unpossible”. The fact that Obama’s recession was mostly cyclical was proven by the fact that it ended in the Summer of 2009 without any significant policy of Obama taking effect. Reagan did not whine, he worked with a primarily Democratic Congress throughout his presidency, he just fixed things through compromise. Obama was offered many reasonable compromises he certainly should have been able to push through Bolles/ Simpson or the even more favorable compromise for liberals offered by Boehner but instead he refused any legitimate compromise and the economy suffered. Obama just was not up to the task of being president. Reagan would have loved to have had the congress Obama had.

The fact that Obama’s recession was mostly cyclical

You should learn English and some economics. The Great Recession was mostly caused by a financial crisis of too-easy money and lessening of financial regulations which had not happened before ever to that extent. If something had not happened before it cannot be labeled “cyclical”. A cyclical recession mostly refers to the business cycle.

Reagan did not whine

Reagan whined all the time - about non-existent “welfare queens” about big government (which he grew more) about unions etc etc.

Obama just was not up to the task of being president

That’s why he’ll only be elected twice.

That’s why he’ll only be elected twice.

So was W. So that is evidence of competency?

OK the link coming is not from a liberal source but it is dead on correct.

I don’t doubt there’s a huge problem with them not being prepared for retirement. But they did benefit from the recent stock runup. Better to have $110K in there now than the $55K it was a few years ago.

If the money is in stocks and if the price of stocks is “on a permanently high plateau”.

$500 a month, on top of $2,000 or so in SS could look like enough to make a retirement decision. Then if the $500 goes away significantly, it could prove to be a bad decision.

Making long term decision based on inflated “bubble wealth” is a dangerous trap. On approaching retirement, stocks might not be the best idea. There isn’t anything Blue Chip anymore.

BTW, if the Fed wasn’t robbing savers blind with ZIRP, that $500 a month would be more like $1,000.

BTW, if the Fed wasn’t robbing savers blind with ZIRP, that $500 a month would be more like $1,000.

You’re assuming that they have their money all in bonds, while Oliver assumes that they’re all in stocks.

Yes

You can always retire in Latin America or some other 3rd world country and live like a king .

Not really. Creature comforts: nice cars, iToys, nice clothes, quality food actually cost about the same. Sure, you will be better off than most of the natives, but that doesn’t really say a whole lot.

Or imagine you live in SA like Lola.

Egg freezing as a government entitlement?

Just taking a little longer, talk to me in 10 years. Sure there’s a little decline from tight money but the small change is all hype. Not really significant. Similar to another topic often hyped here.

What incentive do “nice guys” have to wife up women who ignored them when they were young and cavorted with bad boys instead?

Consider the word “contraction”. It’s a credit balloon.

that is why the people of China are so happy

Your “truthieness” is again apparent. The Chinese are not “happy” and happiness does not simply boil down to your worshiping of economic “growth”. According to studies by many institutions, the Chinese are not happy-campers at all.

China is unhappy

http://foreignpolicy.com/2013/05/07/china-is-unhappy/

…. By any measure, China has experienced tremendous economic growth since 1978. Living standards have improved markedly as has China’s performance across a wide range of social indicators — poverty reduction, school enrollment rates, life expectancy. And yet, Li and Raine’s research shows a negative correlation between happiness and economic growth in China. Chinese are less happy than northwest Europeans, Mexicans, Thais and other Southeast Asians.

Li and Raine also found that China’s happiness has declined over time.

The article speaks for itself and is current.

Whether the Chinese are happy with their love life does not impact me.

Whether Chinese are happy about their love life does not impact me. The article speaks for itself and I accurately stated it.

I think I lost three messages sorry if they eventually pop up. I could not care less about whether the Chinese are satisfied with their love lives. You can hardly be said to be trying to mislead anyone when you include a link to the entire article. Finally, the article speaks for itself and clearly was confined to whether they are happy with the economic situation and was current unlike your article. Once again it is you that is being misleading by accusing me of being misleading.

I could not care less about whether the Chinese are satisfied with their love lives. You can hardly be said to be trying to mislead anyone

There. You are misleading again right there. There are many factors that the Chinese are unhappy about according to studies, but you try to mislead that they are only unhappy with their “love life”.

Bad lawyer.

The factor that my link addressed and is of importance to this blog is whether they are happy about the economics of the country and are confident going forward, this will impact the GDP. You want to change the subject to other factors since China is booming and Brazil is declining and it is the direct result of Brazil favoring demand side economics over China’s supply side economics. Bad Soros paid poster.

The factor that my link addressed and is of importance to this blog is whether they are happy…..

The factor that is important to this blog is knowing that you are misleading and tricky and deal in slight-of-hand deception Adan. But you do it badly.

And you are simplistic. For example, you’re constant harping on economic growth numbers as if they are the end all to everything including happiness. They are not.

For example: With America’s Trickle-Down failure most all of our economic “growth” goes to only the top 1% so who cares if we are “growing” if most the benefits don’t get passed around.

And Brazil having a “downturn” is not as big of a deal as it would have been 15 years ago because in those 15 years, Brazil has brought almost 50 million out of poverty and mostly ended starvation hunger. Brazil shared the wealth much better than most developing countries the past 15 years. And that drives you nuts.

Empathy - if that’s what you mean by morals - are innate and can be encouraged/cultivated by modeling good behavior without any reference whatsoever to “God” or other mythology.

What does that mean, “good behavior”? Isn’t that a concept from those so-called mythologies?

blue…you know ive said this for years and it will come true

WE NEED A WAR ON EBONICS…..there is really only one way to end all this….it’s behavior and functional illiteracy that is the overwhelming problem..not race or politics.

My memory’s a bit hazy here, but I seem to recall that the 14th amendment had something to do with protecting the children of former slaves. In that respect, it made sense.

The gross misinterpretation of the amendment has allowed colonizers to splat out progeny and get paid for it.

dan you are a lawyer…..what if the child is born an American citizen but the illegal parents are not allowed to stay here……so they have a choice give the child up for adoption or let the child live with relatives or go back home, and then at 18 the now adult can sponsor the parents.

Yes, that is all true. It is why with the present interpretation of the 14th amendment, they are considered anchor babies.

should be: law to make Native Americans citizens despite living here

So according to the globalists and their puppets

I love it when adamant China pushers deride “globalists”.

It really “ups” their credibility on their other pet issues.

China is following very nationalistic policies just like Russia and that is why they are both denounced on a regular basis in the US MSM controlled by the globalists. If you could do more than post liberal “talking points” you would figure that out.

I think he wants to put it on layaway in the great American tradition.

Public debt:
The tradition began by Ronald Reagan by breaking tradition.

REAGONOMICS……Government receipts flattened thanks in part to the large, permanent tax cuts that served as one of the top accomplishments of President Ronald Reagan’s first term. Spending jumped on both defense and social programs. Deficits exploded, breaking with the US tradition of only running large deficits during wartime.

The Long Story of U.S. Debt, From 1790 to 2011, in 1 Little Chart

http://www.theatlantic.com/business/archive/2012/11/the-long-story-of-us-debt-from-1790-to-2011-in-1-little-chart/265185/

And he won the cold war doing and restored the economy with a record setting recovery and he did this all with 1.5 trillion dollars of debt, what has Obama done with his 9 trillion dollars of new debt?

what has Obama done with his 9 trillion dollars of new debt?

Reagan wins because Reagan tripled the debt while Obama just doubled it.

“Deficits (under Reagan) exploded, breaking with the US tradition of only running large deficits during wartime.”

Yes, I do not think you could have an intelligent response. Obama has bankrupted the nation and has nothing to show for it. He will not pass the next president a modernized military like Reagan, a restored industrial base or even the ability to cut the military due to reduced threats.

He will not pass the next president a modernized military like Reagan,

The average US Defense spending per capita under Obama is much higher than under Reagan. And Democrats didn’t pass along 2 wars for Reagan to finish.

a restored industrial base

Reagan could restore an industrial base because the USA still had one. However, Supply-side and Trickle-Down ruined USA’s industrial base well before Obama took office.

http://www.washingtonpost.com/blogs/wonkblog/wp/2012/08/28/defense-spending-in-the-u-s-in-four-charts/

From a liberal source such a pathetic recovery:

http://finance.yahoo.com/news/stagnant-economy-spells-trouble-democrats-091500272.html

Cheetoos holder on board?

That’s right….. And another on the right side for grass-fed Krispy Kremes.

Speaking of top heavy I’ve got a friend with a Briggs powered bar stool he likes to take to the track to get a laugh out of everybody between passes. Drove it once. A little scary. I think I’ll stick to modified Rascals.

Here’s what I’m thinking…

https://www.youtube.com/watch?v=zy5rkw4SeP4

Here’s what I’m thinking…
70MPH Mobility Scooter in the SNOW

My mother has one, and drives like that in the house. She’s taken chunks off the edges of the kitchen’s Formica countertops, and I don’t know how the hell I’m going to fix that before we leave.

Crazy Glue.

Crazy Glue.

I wish. It’s worse than that. I stopped into a rental/flip that’s being done up the block to ask them if they had a counter top they were getting rid of. They said sure, but it wasn’t the same. Tough to match 37 year old Formica (harvest gold-ish). I’ll think of something.

‘it months before Obama’

And then all those crooks were rounded up and put away.

I’m so sick of this crap.

And then all those crooks were rounded up and put away.

I’m so sick of this crap.

I agree with that. - one of Obama’s greatest failures.

He has many Lola.

“failures”

No, you are wrong on that. Not a failure at all. He didn’t try to do that so he did not fail. A failed do-right he is not.

I don’t remember (Obama) being called a commie.

Right.

“Wall Street’s bitch”

more right.

Odd, I don’t remember O trying to address the structure.

It’s odd that your memory is selective. If this is not Obama addressing America’s economic structure, (As where did Republican Theodore Roosevelt) nothing would be to you.

Obama Strikes Populist Chord With Speech on G.O.P. Turf

OSAWATOMIE, Kan. — Laying out a populist argument…President Obama ventured into the conservative heartland on Tuesday to deliver his most pointed appeal yet for a strong governmental role through tax and regulation to level the economic playing field.

“This country succeeds when everyone gets a fair shot, when everyone does their fair share and when everyone plays by the same rules,” Mr. Obama said in an address that sought to tie his economic differences with Republicans into an overarching message.

Infusing his speech with the moralistic language that has emerged in the Occupy protests around the nation, Mr. Obama warned that growing income inequality meant that the United States was undermining its middle class and, “gives lie to the promise that’s at the very heart of America: that this is the place where you can make it if you try.”

“This is a make-or-break moment for the middle class, and all those who are fighting to get into the middle class,”

….Mr. Obama purposefully chose this hardscrabble town of 4,500 people, about 50 miles south of Kansas City, Kan., where Theodore Roosevelt once laid out the progressive platform he called “the New Nationalism” to put forth his case for a payroll tax cut and his broader arguments against the Republican economic agenda in what his aides hoped would be viewed as a defining speech.

http://www.nytimes.com/2011/12/07/us/politics/obama-strikes-populist-chord-with-speech-in-heartland.html?_r=0

He’s Wall Street’s BitchBoy Lola. Just like the asswipe before him.