Bits Bucket for August 30, 2015
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The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
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Name:Ben Jones
Location:Northern Arizona, United States
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Boston Real Estate Agent Charged With Fraud
http://www.patriotledger.com/article/20150828/NEWS/150826350
‘Sen. Lindsey Graham’s presidential campaign has had a tough time getting traction so far, and a new Quinnipiac University poll keeps him in the conversation about who might be the first of the 17 Republican presidential candidates to fold.’
‘In Graham’s home state, he’s polling at 5 percent, and in New Hampshire, where he hoped to get a bump from the prior success of his buddy, Sen. John McCain, R-Ariz., Graham is polling only at 1 percent, according to Real Clear Politics averages.’
“Polling taken this early rarely reflects the final outcome of the election,” Graham spokeswoman Brittany Bramell said in a statement. “Senator Graham is focused on outlining real solutions to the issues facing voters and describing how to best secure our nation against radical Islamic terrorism, not polls.”
You go girl.
how to best secure our nation against radical Islamic terrorism
LOL
how to best secure
our nation against radical Islamic terrorismprofit centers for our clients, business partners and relatives through contract procurement with the federal government at taxpayer expense.fixt
Radical Islam = black crime = how they herd us.
‘how they herd us’
I see Drudge still has a big spot up for Cheney’s book. Heck of a job Matt. And the media is still working to give us Clinton or Bush. Very exceptional. Nothing says “banana republic” like having the same last names in power decade after decade.
‘Murica!
Bush gets the Saudi Vote. Clinton get the Goldman Sachs vote.
I wish Rand Paul would grab a great VP so we can see the team. Might be our only shot at cutting off the moochers.
Rand Paul is a pale imitation of his father. With his endorsement of the corporate statist Romney, he’s already shown a willingness to sell out. It this point he’s looking more like the controlled opposition than a bona fide alternative.
Well, not to worry, JEB! will lead the way. He’s stepping up to the plate and…oh, dear..
http://www.politico.com/story/2015/08/jeb-bush-president-2016-fundraisers-problems-213156
trouble in neo-con heaven?
trouble in neo-con heaven ??
Trouble really started with the 2000 Presidential Election and then again barely in 2004…Crammed that neocon crap down the throats of the american people…Left the country is shatters in 2008…
Bill Clinton was the first NeoCon. A third way democrat cozying up to the moneyed interests and globalists.
Grahams as exciting as day old spaghetti. He’s chum for someone like Trump.
Interesting that on Friday three top campaign fundraisers for the Clark Griswold cam….I mean Jeb Bush campaign left the campaign. The Bush campaign is saying they went to work exclusively for his super pac. It appears to be an indication that there simply isn’t any broad support for jeb, only big money donors.
Especially interesting since a week or so ago the campaign asked it’s employees to cut spending.
Dish us the dirt, Don!
https://www.youtube.com/watch?v=PakHtuTrvV8
What a campaigner.
they started building again in a subdivision near me after like 6 years of nothing. Homes will probably be 300k at least. I drove around looking at some of the concrete slabs yesterday. The builders must be making a nice profit on these tiny homes.
Were they advertising beforehand or are these spec houses?
One thing I noticed in the Queen Creek video was how close the houses are to each other.
well I personally really haven’t seen any advertising but a road sign. Now I notice a small trailer on a lot which appears to be the office.
All the bolts on the perimeter of the foundation to bolt walls down had plastic caps on them. Must be a law. Abs plumbing sticking out where drainage pipes are. Then an area near front where all the electrical comes in to a breaker box and meter. Water comes to a corner opposite side via like a 1″ copper pipe where I think they run a lot of that pex tubing from.
yep these houses r stacked on top of each other too.
I’m curious as to how much money is in each house via permits, fees, and all the underground and dirt work before the foundation is even poured. It must be quite a bit.
Go to the municipality’s website and its all right there. It’s not much. You can’t count the payola and brown envelopes from contractor to city officials.
I have went to one and checked it out. my guess its at least 100k / per home before u even put up a 2×4. That’s including underground and dirt work for foundation. Its ridiculous.
Don’t guess. Link?
I cant link to the costs to prepare the subdivision. The total cost for underground and the dirt work is not public. divide that by how many houses and there u go.
I went to a local county site and there are so many fees you need an accountant to keep track of them.
Post the link to the county site and we’ll review it.
You and your links, sheesh.
Nobody knows the true cost of the dirt work except the developer. The city just collects their permit costs and does inspections.
The underground stormwater storage tank in the new 4-lot short-plat near me cost $240K to build (this straight from the developer’s project engineer). So that’s $60K of cost PER HOUSE that has to be recovered.
Plus street, curb, sidewalk, landscaping, streetlights, street signs, mailbox, electric, gas, water, sewer, storm water, and so on.
“Nobody knows the true cost of the dirt work except the developer. The city just collects their permit costs and does inspections.”
You finally got one right. We establish the cost based on materials, labor and profit. Not guesswork by overpaying bystanders.
The developer hopes to recover it, but does not have to recover it. The developer may, in fact, go under. Plenty of new houses in nice Phoenix neighborhoods were selling for $80k at the bottom of the last crash.
Those houses looked par for the course for the Southeast Valley and what’s been built over the last 10 yrs.
The music reminded me of the opening riff from Lunatic Fringe by Red Ryder.
“One thing I noticed in the Queen Creek video was how close the houses are to each other.”
Obviously the more cookie-cutter tract homes are crowded into an acre of land, the more the builders can profit. It’s not like Muppet families have any choice between the spacing of homes in these massive planned developments and other homes with decent-sized yards and structures a safe distance from neighbors.
Small lots happen because the developer tell the city that if they allow the developer to have small lots the developer can build lower cost homes, and , of course the city thinks that will really happen.
You can not believe the inability of politicians to understand the economics of the developers.
We have rules that say you can build 1-6 homes per acre, and the city demands that you have at least 3.
why? they get 3 times the fees!
Ah, the beauty of the need for fees, instead of taxes!
RE: “fees” vrs “taxes”
If I understand the point, it is that the same “fee” has to be paid to the municipal government regardless of how minuscule the home in question. So more homes per acre adds up to more fees?
Maybe correct, but if so definitely a lame reason to cram in more homes per acre.
Yeah, zero lot lines out in the middle of BFE; a sure sign that builders grossly overpaid for the dirt, which is where the true bubble prices are found.
I might add that the only reason to live out in BFE is to have some property and space. Tiny lots in BFE are stupid beyond words.
true dat
The liar loan no money down loan spigot has been turned back on. It’s up up and away. No cracking down in the last year of an administration. In fact just the opposite. Come September, when the elites return from their vacations, they are going to realize how close they are to the end of their terms.
a young couple just moved in behind me yesterday into a 300k stucco shack they bought. I imagine zero down or 3%. Getting them making those interest payments to the bank is the goal. Future debt slaves.
After 10 years they might make a dent in the principal but I’m sure they are hoping for some free appreciation to cover their payments.
“After 10 years they might make a dent in the principal but I’m sure they are hoping for some free appreciation to cover their payments.”
Or to get ‘em into a larger more expensive home.
The Chinese investors who recently purchased stocks with margin loans presumably were similarly hoping for some free appreciation.
Apparently assets purchased with massive leverage don’t come with guaranteed appreciation.
what about the free market ? let banks loan to whoever they want?
it’s not a ‘free market’ when banks can put taxpayers on the hook for their bad loans.
yep, Bernie wants to fix that.
bernie, like all socialists, doesn’t know how to fix squat.
Same thing happening in North County San Diego, except these cookie-cutter tract homes are available “From $1 million.”
I remember when I first saw those blunders being advertised “from the high 300 k’s”. I thought you’d have to be a bonehead to pay that much. In the middle of the ugly, smelly, hot, dry desert with TONS of traffic all the time.
At the time, I was living in an apartment next door to the welfare office, paying $500/mo in rent, and playing the violin outside in the early mornings to punish my half-rat / half-human neigbors for keeping me up all night. To me, that was better than the $300k alternative.
Atta girl! - with the violin at 7 AM. What did you used to play at that hour to get them irked?
That’s awesome!
I used to practice at a similar hour (e.g. 6am-7am) when our kids were little. I had my immediate family members conditioned to sleep through my practice sessions, and our aging Japanese neighbor was too deaf to hear me.
My most memorable such early morning practice was interrupted by a 6:45am phone call from my MIL to inform me of the Twin Towers attack. I guess one shouldn’t expect a call from your MIL before 7am to herald good news.
The more they build, the cheaper the houses become. It’s a good thing
“Japan Eyes Record Debt”
http://www.themalaymailonline.com/money/article/japan-eyes-record-debt-servicing-costs-for-fy2016
The borrowing orgy has hit a wall. Are you prepared or are you neck-deep too?
The Chinese super-rich are about to flood the US real-estate market
full story below
http://www.businessinsider.com/the-chinese-super-rich-are-about-to-flood-the-us-real-estate-market-2015-8
Welcome back Lola.
From buying stocks at their peak to buying houses at their peak. It’s like a mental illness.
The Chinese would die instantly upon eating their first McDonald’s cheeseburger, not being acclimated to it from birth like us. I don’t think we need to worry about all of them moving over here.
June 2015: US Housing Demand At 20 Year Low
http://2.bp.blogspot.com/-jt5RxOlJm2E/VW5PBs6IY6I/AAAAAAAAjv8/QXdfIu7sKTg/s1600/MBAJun032015.PNG
<b”Zombie Factories Stalk the Sputtering Chinese Economy”
http://www.nytimes.com/2015/08/30/business/international/zombie-factories-stalk-the-sputtering-chinese-economy.html
Massive excess global supply of everything (including houses).
And a global supply of Chinese people with a 40% savings rate driving up RE prices and apartment rents in other countries. People who grew up where the Chinese locusts are coming in, are being driven out. It’s disconcerting walking to my mailbox last night past an Asian guy and you say hi, and he just stares. They don’t want to speak English. They don’t want to assimilate.
Stolen and borrowed money.
Sounds like a future democrapic voter
the pboc prints a bunch of money and then it ends up over here buying up real assets.
Well, why the hell not?
It’s not as though the Chinese buying our assets with funny money don’t already see us doing the same thing to each other.
Ethics and morality is not something citizens of the United States care about. If they did, they wouldn’t have an economy that operates on credit and the printing press.
Since we don’t care, why should the Chinese?
Why would anyone here expect any Chinese person moving here to act any differently than we do?
good points
Doesnt it seem countries are just printing money trying to get other countries stuff for free?
Is there a name for this type of behavior?
Testify MacBeth!
That’s right we don’t give a damn! What you are saying is music to my ears!
You just made my morning!! Thank you!
“I’ve spoken of the shining city all my political life…. And how stands the city on this winter night? … After 200 years, two centuries, she still stands strong and true to the granite ridge, and her glow has held no matter what storm. And she’s still a beacon, still a magnet for all who must have freedom, for all the pilgrims from all the lost places who are hurtling through the darkness, toward home.”
The shining city has been mortgaged, defaulted on and foreclosure is scheduled. The auction is on!
Starting your bidding on Yosemite National park do I hear 500M? 750M? 1B? sold to the Chinese oligarch in the back!
Starting your bidding on the statue liberty - so I hear 1M? 5M? 10M? 12? sold to the Saudi prince!
Starting your bidding on toll collection license for 100 years to the entire US highway and port system - do I hear 1 Trillion? 2? 3.5? Sold!
Next up University of California - do I hear $100? $50? $25? OK we’ll just close that down and deport the staff to Beijing.
“Doesnt it seem countries are just printing money trying to get other countries stuff for free?
Is there a name for this type of behavior?”
1. Seigniorage creation
2. Central banking
the pboc prints a bunch of money and then it ends up over here buying up real assets.
Seems entirely fair to me—considering that we inflated things around the globe (including necessities like FOOD) with our massive pumping in 2009/2010. Remember the rice price spiking, and people racing to hoard it?
What’s good for the goose is good for the gander.
SFBayArea:
Might get some tears in your eyes if you watch the following in their entirety. Seriously.
I hope you do watch both:
https://www.youtube.com/watch?v=vzZT9gW5gp8
https://www.youtube.com/watch?v=5dFpam0IMbc
If we citizenry work hard at it, perhaps one day we’ll have numerous presidents candidates of this calibre. A shame this guy isn’t running now.
Lots of stories in the news lately of the homeless in SF using the streets as a bathroom. No rain, mean the smell is getting bad. I still dont get why people like that crowded mess.
“Lots of stories in the news lately of the homeless in SF using the streets as a bathroom. No rain, mean the smell is getting bad. I still dont get why people like that crowded mess.”
It is not a personal choice, God has a plan for you. Right?
Sounds like a future democrapic voter ??
Probably not because of his Philosophy…More likely because he witnessed what happened in America from 2000-2008….Elections have consequences…In the Bush/Cheney case the consequences could be the demise of the republican party…At least the southerners…Thats why Texas cries about seceding from the union…They see the change coming…When Texas rolls over Blue, that will be the end for the neocons…Look forward to seeing it happen…
Perhaps there’s a lesson to be learned here.
Overall, California locusts (and those from New York/Connecticut) have cared little about what they do to the economics of other places once they’ve decided to move to those other places.
Move to Colorado, Arizona, Oregon, Utah…build a house twice the size as the locals could dream of affording…and ruin local economics.
Or, move from New York state to the Carolinas, only to tell those from there that their way of life sucks.
Too bad, so sad, eh?
I have no sympathy for what may or may not be happening to those living in California. Or New York. Sorry.
Move to Colorado, Arizona, Oregon, Utah…build a house twice the size as the locals could dream of affording…and ruin local economics.
California conservatives say people moving out of state hurts California and helps the other state when the relocater takes their money with them and stimulates the new state’s economy with spending on homes, cars, etc. This makes more sense than what you wrote. Perhaps you are trying to rationalize a case of xenophobia?
If you live in Fresno, Modesto, Sac, Bakersfield…etc
Yes, Bend, OR is a huge move up. So is Flagstaff and Boulder.
Even better, if you’re selective, parts of flyover. Without exaggeration I could sell, move to an equivalent sized home (plus gaining a basement and a larger lot) and pocket $200k in gains. The only thing I lose is the constant T-shirt weather.
“The only thing I lose”
Losses to depreciation, the poverty, welfare, crime, child molesters, etc.
“The only thing I lose is the constant T-shirt weather.”
And that’s a H-U-G-E thing, IMHO.
Take that away, and it’s hog fest, Jesus and Children of the Corn. Don’t believe me? Try Google Images: “hog fest”
“The only thing I lose is the constant T-shirt weather.”
And that’s a H-U-G-E thing, IMHO.
I know, I know. That’s why I haven’t done it.
Testify, brothah! They’re making a dog’s breakfast of Florida and I’ve been reading the Western North Carolina boards and they’ve managed to screw up the Asheville area royally. The roads are so choked the locals can’t even get around. That is, if there are any locals left who haven’t been squeezed out.
And don’t get me started on the families that move to Florida with their special needs twinkies. It seems like ALL of their twinks have “special needs”. And they’ll ask if this or that school is “safe”. LOL! NONE of them are “safe”, butt-wipes! And we have THEM to thank for that, with their heavy breathing about “diversity, Diversity!!”
Oh, the best part: Big whining about “Oh, oh, oh, we’re so cold and we don’t want to shovel snow anymore”, what a load of BS. That’s code for “we’re broke and can’t afford it here anymore. We clogged our toilet and can’t unclog it so we’re moving elsewhere”. All of a sudden the nasty, racist South is a paradise, what?
Another xenophobe.
Just a suggestion: when you talk about Carmel under one handle, it might not be a good idea to discuss it under your other two handles as well.
I only use one handle, despite your repeated false and unproven assertions otherwise. I know, it’s really hard for conservatives to imagine that multiple liberals actually post here.
Here’s my LOL@ Lola. lol.
Palmy,
Don’t even bother to respond to WPA. A waste of your time. As immoral and amoral as they come. Very much interested in drowning out any opposing views. Typical of liberals these days.
BTW - I just saw your post re: A-Ha. Better band than most realize. Especially their later stuff. Check out “Lifelines” and “Velvet” if you haven’t already. Not sliced bread, but quite good.
A-Ha? Ooops, I thought I posted Frankie Goes to Hollywood as a response to W. figured it was appropriate.
But I’ll check out those tunes, I’m having some great 80s flashbacks these days.
We did have a discussion about some 80s music a few threads ago, though. Selfish Hoarder put up a good vid.
You probably did post Frankie, and I got it wrong. Someone here brought it up.
I don’t listen to Frankie. Don’t like it. I’ve been listening to Supertramp and early Motels as of late.
Don’t even bother to respond to WPA. A waste of your time.
Transparent attempt at online bullying. Palmetto is perfectly capable of deciding on his own to respond to me or not. Don’t be a Queen Bee.
Now Lola cries abuse. lol.
Now Lola cries abuse. lol.
Of course! I won’t be intimidated by MacBeth’s jack-booted thug-like behavior! #DemocratLivesMatter
“Selfish Hoarder put up a good vid”
I forgot which one. Was it this (over 21 million views and over 100,000 likes - Dead ir Alive “You Spin Me Round”):
https://www.youtube.com/watch?v=PGNiXGX2nLU
OK, since we iz talkin’ music. Which of youse guyz first put up Secret Sisters in their rendition of “Rattle My Bones”??? Heard it from a linky here musta been a year ago, and can’t get it out of my head. That tune is enough to put some life into ANYBODY.
https://www.youtube.com/watch?v=_0c4LwuATgQ
Whoever posted it, thanks a whole lot!
Good one to perk you up:
I’ll be Fine
‘locusts’
That ship sailed 10 years ago. It’s over.
So let’s take this state-to-state xenophobia to its logical conclusion: not only should Trump build a wall to keep the illegals from crossing the border, he needs to build 50 walls around each state along state borders, to keep American citizens from moving from State A to State B.
Frankie say “Relax!”
https://www.youtube.com/watch?v=7WZ33w3B8Hw
Ah the 80’s: a long list of one-hit wonders that decade generated. Frankie GTH, The Vapors, Tommy TuTone, Wall of Voodoo, Rockwell, Corey Hart, Timbuk 3… lots of big hair and shoulder pads.
And your favorite, Ru Paul.
Dont worry MacBeth. All the north-easterners that I have met who moved to Arizona are living under oppressive debt and near penury. They work and work and work, and they are spending their 401ks. From my perch, idc.
^ That is correct. The notion of equity locust is gone and it’s not coming back.
Remember….. housing demand is at 20 year lows because housing prices are inflated 250% higher than long term trend.
They don’t want to speak English. They don’t want to assimilate.”
yes I notice that also, CA is really going to change.
Going to?
CA is really going to change ??
Its a continue-umm…At least in the urban cores…What I have witnessed over the past 10-20 years is a desire to live amongst other people of their own race & culture…
A friend was a facilities manager of a 220 unit apartment complex nearby…He told me one day that 80% of the complex was occupied by Indian’s (India)…He said that caucasians were leaving because they had nothing in common with their neighbor…Could not even have a casual conversation with most of them…
Same thing has happened in whole communities…Take for example Cupertino Ca.
“A desire to live among their own race and culture” - so they move out of the homogeneous old country with one race to a country that is multi-racial. And glare at the people whose ancestors have been here for generations. I figure China is a big polluted wasteland, so I’d understand why people used to Yosemite, the coastal redwoods and the desert crisp blue winter skies in California would not want to just up and settle in a toxic wasteland. But I wonder how they would feel if we just spoke English, insisted on importing beef and salmon and eating American style food only, having English names only on American restaurants and English only menus - but with pictures in case a local cannot read English…
“A friend was a facilities manager of a 220 unit apartment complex nearby…He told me one day that 80% of the complex was occupied by Indian’s (India)…He said that caucasians were leaving because they had nothing in common with their neighbor…Could not even have a casual conversation with most of them”
I had that experience. Right across the hall from me when I lived in Torrance was a young Indian couple. Of course if we crossed each other’s paths, you would think it’s natural to smile and make small talk. I did. Each time they just stared at me. And on the other side of me was a Chinese family. The father looked very old and smoked. He would just glare at me and other Caucasians. I figured he ran a tight ship household. At least his kids would practice music lessons - violin, not drums.
“Diversity”. A rousing success!
Splice and dice people into groups as politically expedient.
Society growing ever more fractured and fractious.
Do liberals in this country today even see how directly oppositional this is to what liberals sought in the late 1960s?
It certainly has been profitable for handlers of the “liberal citizenry”. Look at the big piles of money floating around Washington, D.C. How do you think they got it?
The Selfish:
The other day, a lightbulb went off in the conkles of me head. I was reading the abstract of some article where this old man was saying that the Chinse debt rate was very high, but the Chinese savings rate was just as high, so it’s a wash. I thought “Why would a person borrow and save at the same time? How do you get anywhere that way?” Then it dawned on me - THEY ARE ALL PLANNING TO DEFAULT IF NEED BE. Duh. Of course. Who wouldn’t?
LOL
Does this judge still think the law applies to the Obama administration?
“The ruling marks yet another federal judge who has ordered the Obama administration to be more transparent when responding to open-records records.”
IRS must say if White House sought taxpayers’ information: Judge
By Stephen Dinan - The Washington Times - Friday, August 28, 2015
A federal judge Friday ordered the IRS to turn over the records of any requests from the White House seeking taxpayers’ private information from the tax agency, delivering a victory to a group that for two years has been trying to pry the data loose.
It’s not clear that there were any such requests — but Judge Amy Berman Jackson said the IRS cannot just refuse to say so by citing taxpayer confidentiality laws, known as section 6103 of the tax code.
“This court questions whether section 6103 should or would shield records that indicate confidential taxpayer information was misused, or that government officials made an improper attempt to access that information,” the judge wrote in denying the IRS’s request to close out the case.
The ruling marks yet another federal judge who has ordered the Obama administration to be more transparent when responding to open-records records. The State Department is facing a barrage of orders from federal judges demanding more cooperation in releasing former Secretary Hillary Rodham Clinton’s emails.
http://www.washingtontimes.com/…/aug/28/irs-must-say-if-wh-sought-taxpayers-info-judge/ - 140k -
Comment by phony scandals
2015-08-30 06:53:16
IRS must say if White House sought taxpayers’ information: Judge
washingtontimes.com/news/2015/aug/28/irs-must-say-if-wh-sought-taxpayers-info-judge/
Comments
AaA1960 TAK1 • 3 hours ago
Democrat playbook on scandals…
Month 1 - Refuse to answer any questions. Immediately queue up the lap dog media to run interference.
Month 2 - Refuse to answer any questions, change the subject. Turn the gain up on the lap dog media. Bashing Republicans and paying weeks long tributes to dead drug addicted celebrities and keeping America informed on the Kardashians…
Month 3 - Announce that everything has been answered, its time to “move forward”, and state that no further questions on the subject will be answered.
Month 4 - Call it a “phony scandal” and highlight the fact that it never really happened in the first place. It was merely a miscommunication problem.
Month 5 - Accuse Republicans of trying to resurrect a phony scandal, and ask what difference at this point does it make anyway? Place a friendly call to the IRS for “assistance”
Month 6 - Accuse anyone asking the same questions that have never been answered about the phony scandal that doesn’t matter any way, of being a racist. Pick up the phone to the NSA for support in “closing arguments.”
Avatar
TAK1 AaA1960 • 26 minutes ago
Good comment. One more:
7. This is under investigation and I really can’t comment any further (use any time it gets too hot)
Own the cheapest private tropical island in the world for only a little over a quarter mil ($263,259). I wonder if you could live in a tree house there and fish and forage for a living? Might be a good retirement plan, except a rise in sea levels could be a problem. But those ocean views…
Motu Matatahi, a “captivating islet”.
“Surrounded by a lagoon with crystalline waters, from turquoise colour to deep blue, this islet is located in the South of Rangiroa, about 1 hour by boat from the airport and 10 minutes from the famous Blue Lagoon
Freehold sale with a clear title.”
http://www.sothebysrealty.com/eng/sales/detail/180-l-4484-tjpxm3/captivating-islet-other-rangiroa-rn-98775
Is Brazil getting a little too stuffy for you?
Saw my first “I’m Ready for Hillary” bumper sticker yesterday, on a Buick with some slack-jawed blue hair hunched behind the wheel, naturally driving 50 mph in the passing lane. Seemed like an apt metaphor, somehow.
HillaryJeb supporters, your new bumper stickers are ready.
https://www.flickr.com/photos/expd/16629031224/
Ray, that was gross.
You sure it wasn’t Hillary herself you saw behind the wheel?
She’s old. Her ideas are, too.
She’s old. Her ideas are, too.
I’d rather have her old ideas than another round of Republican “trickle down” voodoo economics.
Liagra - YouTube
http://www.youtube.com/watch?v=8xtwzjJNysA - 155k -
Lola, Lola, Lola….
You sure have a Lola fixation. I bet you have a folder on your PC loaded with lots of jpegs of Caitlyn.
Don’t take it personal…….Lola.lol.
‘Hillary for Prison’ signs keep getting stolen in the Hamptons
Man resorts to protecting his “Hillary for Prison” signs with an electric fence
by New York Post | August 30, 2015
This Hamptonite wants Hillary Rodham Clinton behind bars — and had to put his signs saying so behind an electric fence.
Andy Sabin’s first “Hillary for Prison 2016” signs lasted little more than a day before they were stolen from in front of his Amagansett home last week. So Sabin took steps to make sure the placards were secure.
The red, blue and white signs now sit atop a pair of 12-foot poles behind an electric fence with yellow warning signs. A surveillance camera keeps watch.
1 million, ONE MILLION of Hillary’s Twitter followers are fake!
http://www.zerohedge.com/news/2015-08-30/sanders-surges-1-million-fake-hillary-followers-exposed
LOLZ!!!! I guess we’re lucky here having posters who only use a handful of identities to post.
And from this, I gather that Hillary is an even bigger fraud than I thought.
Say what you want about Yahoo, but their tech analysts are doing some great work. They’re the ones who exposed the Ashley Madison numbers. 35 million men. 5 million women, many of which were fake profiles.
Oh man, I need one of those “Hillary for Prison 2016″ signs!
+1! LOL…
“1 million, ONE MILLION of Hillary’s Twitter followers are fake!”
If true, wouldn’t that be felony fraud punishable by a prison time?
The stupid, it burns.
http://www.theburningplatform.com/2015/08/30/so-what-part-of-stupid-did-you-miss/
Stephanie Ritter, a 26-year-old Florida State University alum, has listed her diploma on eBay for the staggering sum to cover the ‘actual cost’ of attending the school.
Now $40,000 in debt and living in Southern California, Stephanie is fed up with being unable to find a job in her field, despite having a Bachelor’s degree – so she’s come up with a drastic solution to pay off her loans and ‘validate my use of time between 2007-2011’.
She took $40,000 in debt to study…. theater.
Seriously. Theater.
What did she think she was going to do with that degree that was worth the money?
There’s actually a fair amount of work available with private and community theaters. The pay is low and the hours are long. It’s the kind of work you do because you’re passionate about putting on a play, not because you want to make six figures.
“Now $40,000 in debt and living in Southern California…”
Twenty-six is the top of your career in the San Fernando Valley.
I can think of something, but you don’t really need a degree for that.
OMG, did you really just say that, BigV??!? I’m pretty sure you would have hung me up as a fine specimen of sexism if _I_ said it!!
Still, true that…
What? I was talking about becoming an upstanding secretary.
Sorry to disappoint—but with the glut of candidates with degrees out there since the downturn, I bet most secretarial positions are being filled by those with 4-yr degrees.
Somebody went and made a chair out of an Obama Zombie, a McCain Mutant, and a Romney Retard.
http://www.theburningplatform.com/2015/08/30/murican-chair/
Sunday funnies.
http://www.theburningplatform.com/2015/08/30/sunday-funnies-77/
God bless that cartoonist. I’m fed up with black racist politics.
Goldman Sachs, Obama’s #2 backer, continues to enable fraud and swindles on taxpayers and nations all over the globe. With impunity, I might add. Backing Obama was money well spent.
http://news.yahoo.com/huge-malaysia-rally-najibs-resignation-enters-2nd-day-064642347.html
Here it comes - proponents of Austrian School of honest money, and opponents of the Fed’s debasement of the currency, will now be linked to you-know-who.
http://www.theblaze.com/stories/2015/08/30/islamic-state-plotting-second-blow-to-u-s-financial-system-in-bid-to-purify-the-earth-of-corruption/
Austrian School is an economic joke. There’s not one single country on Earth that has successfully implemented it. Even the Austrians don’t do it, what does that say? Gold standard is for Neanderthals, like when they traded pretty rocks for oxen.
The Fed’s resident propagandist has weighed in.
no doubt right name its like we have one big game of monopoly.
It certainly is a game of monopoly, the fiat money. It goes well until it does not go well. For the first time in human history every large country is busy printing its fiat. And China, however, is preparing its citizens for the time when fiat does not work anymore. China encourages its citizens to buy gold. Id you have a flare amount of alternative tangibles to currency that you can trade for new “temporary good” fiat, you will do okay. Cash is king until that fiat is retired. I am hoping four out of five of my asset classes will hold up well while he fifth collapses. The unknown is which asset class is that fifth.
lol@Lola
Lyrics inspired by Mark Dice videos.
Obama Supporters Sign Petition to Repeal the BILL OF RIGHTS to …
http://www.youtube.com/watch?v=k0he0cqHH20 - 208k -
Don’t know much about history
Don’t know much biology
Don’t know much about a science book
Don’t know much about the French I took
But I do know Global Warmings true
And I know if you believed it, too
What a wonderful world this would be
Now I don’t claim to be an ‘A’ student
But It’s plain to see
If we don’t have new regulations on power-plant carbon emissions
The temps will rise by 3 degrees
Don’t know much about the Middle Ages
Looked at the pictures then I turned the pages
Don’t know nothin’ ’bout no rise and fall
Don’t know nothin’ ’bout nothin’ at all
But I do know Global Warmings true
And I know if you believed it, too
What a wonderful world this would be
La ta ta ta ta ta ta (Warming true)
Hmm-mm-mm (Man Made Too)
La ta ta ta ta ta ta (Carbon Tax)
Hmm-mm-mm (Thems da Facts)
And I know if you believed it, too
What a wonderful world this would be
What A Wonderful World~James Taylor, Art Garfunkle … - YouTube
http://www.youtube.com/watch?v=k7DK1IVnCwU - 182k - Cached -
I wish stupidity would be treated as a national security issue. Nothing is more dangerous to a country’s long term prospects than the ever-increasing prevalance of an increasingly unintelligent, ignorant, and debased population.
Fair point. But how would you fix it?
That’s actually really easy.
Voters must pass a rigorous competency test else they aren’t allowed to vote.
Competency/mastery in areas of The Constitution, government, the English language, 10th-grade mathematics for a start.
There is no legitimate reason to allow the unknowing the opportunity to vote. Practicality alone makes it so.
Would you give someone with no hours behind the wheel a driver’s license?
Funny, we allow the equivalent to cast a vote.
Is it any wonder we end up with the candidates we do? We enforce greater scrutiny on granting driver’s licenses than we do the vote!
HBB poster Ray Hessel often speaks of the idiocy of the electorate. Why expect anything else when any idiot can vote?
Competency/mastery in areas of The Constitution, government, the English language, 10th-grade mathematics for a start.
LOL, one small problem with MacBeth’s shakespearean plan: more righties would flunk the test than lefties would.
And you’d be too strung out to show up for the test Lola.
With out idiots the Saudis would not have their Fox News channel.
“LOL, one small problem with MacBeth’s shakespearean plan”
Would it be too much to ask of those who are elected to Congress show competency/mastery in areas of The Constitution, government, the English language, 10th-grade mathematics?
Ben Jacobs
03.13.146:30 PM ET
The Constitution Is 400 Years Old and More Pearls From Sheila Jackson Lee
Rep. Sheila Jackson Lee of Texas proclaimed this week that the Constitution is 400 years old. In other words, its writing would predate the Pilgrims. But while she may be spending her time avidly re-watching the Pocahontas in hopes of getting a glimpse of John Smith jotting down the phrase “We The People,” you can read some more of Jackson Lee’s greatest hits below:
If You Believe They Put a Man on Mars
In 1997, while on a trip to the Mars Pathfinder operations center in California, Jackson Lee asked if the Pathfinder had succeeded in taking a picture of the flag planted on Mars by Neil Armstrong in 1969. Needless to say, Jackson Lee, then a member of the House Science Committee, had confused Mars with the Moon. (Despite the alliterative names, they are very different astral bodies. Mars is a planet that orbits the Sun and has never been visited by man. In contrast, the Moon, which is a satellite of Earth and orbits our planet, has been visited six different times by astronauts).
Two Vietnams, One Gaffe
While Jackson Lee is a member of the House Foreign Affairs Committee, she seems to be badly in need of a new atlas. In 2010, she compared the war in Afghanistan to Vietnam, an analogy that has often been invoked by Democrats. But the lesson she took from that was unique, to say the least. “Today, we have two Vietnams, side by side, North and South, exchanging and working.” Jackson Lee went on to caution: “We may not agree with all that North Vietnam is doing, but they are living in peace. I would look for a better human rights record for North Vietnam, but they are living side by side.” South Vietnam has not existed for almost 40 years since North Vietnamese forces took Saigon and reunified the former French colony in 1975.
The Tea Party Took My Baby Away
In a workshop around the 2010 convention of the NAACP in Kansas City, Jackson Lee said that the Klansmen of the past are now Tea Party members. In her somewhat incoherent statement, the Texas congresswoman said “All those who wore sheets a long time ago have now lifted them off and started wearing uh, clothing, uh, with a name, say, I am part of the tea party.” She then went criticize these Tea Partiers for being among “those who said Congresswoman Jackson-Lee’s braids were too tight in her hair.”
Michael Jackson, Global Humanitarian
After the 2009 death of Michael Jackson, Sheila Jackson Lee went to Los Angeles to speak at the memorial service of the pop star where she mourned him as “someone who will be honored forever and forever and forever and forever.” The congresswoman ended her valedictory to a man she described as “our icon” by saying “Michael Jackson, I salute you.” While speaking, she held up a copy of House Resolution 600, which she introduced to honor the best-selling musical artist. Her resolution though didn’t go anywhere in the House. After all, very few members of Congress were eager to mourn a man with a well-documented history of allegations of sexual predation on young boys.
You Stupid Motherf#cker and Other Friendly Nicknames
Jackson Lee has a well-documented history of being the worst employer on Capitol Hill. With plenty of job security representing a safe Democratic district, she goes out of her way to demean and abuse members of her staff. As Jonathan Strong, then of the Daily Caller documented in 2011, she constantly referred to one staff member as “You Stupid Motherf#cker,” threw her cell phone at another and demanded to be chauffeured by car when travelling between House office buildings (which are connected by tunnels) and that staffers run to the supermarket at 2 a.m. to buy garlic supplements for her. The congresswoman was also known to proclaim angrily ‘”What am I a prostitute? Am I your prostitute? You can’t prostitute me.”
Where Is My Seafood Meal?
Early in her tenure in Congress, back in the days when airlines still served food, Jackson Lee would demand the ability to make multiple first class reservations on Continental Airlines and then cancel them freely according to her schedule. The airline did not appreciate this. The culminating point was when Jackson Lee boarded a flight back to her Houston district and discovered the first class menu didn’t include the seafood option that she wanted. The congresswoman started screaming “Don’t you know who I am? I’m Congresswoman Sheila Jackson Lee. Where is my seafood meal? I know it was ordered!”
Congresswoman Sheila Jackson Lee on North and South Vietnam …
http://www.youtube.com/watch?v=XK3rTUgoQD4 - 165k -
The Constitution was enacted to prevent the masses from going deadbeat on their debts and to make sure the War Bonds issued to the soldiers then bought up at pennies on the dollar by speculators paid off for the speculators.
“I wish stupidity would be treated as a national security issue. Nothing is more dangerous to a country’s long term prospects than the ever-increasing prevalance of an increasingly unintelligent, ignorant, and debased population.”
Nailed it.
Here in the blunt truth is the quote of Larken Rose I like: “I’m not scared of the Maos and the Stalins and the Hitlers.
I’m scared of the thousands of millions of people that hallucinate them to be “authority”, and so do their bidding, and pay for their empires, and carry out their orders.
I don’t care if there’s one looney with a stupid moustache. He’s not a threat if the people do not believe in “authority”.”
The voters make the power elite hallucinate that they have Godlike power. The order followers - police and soldiers - carry out the violence of the state.
+1
That’s cute, phony. You merely need to imply that scientists are stupid, and then you (a lawyer) will seem correct in the eyes if the internet masses. Intrepid, cute, and wrong all the same time.
Airbnb loophole? Rent a room for 1 day, stay 7 more days for free. In California, someone who rents a room in a residence short-term is a lodger, not a tenant. Minimum notice to evict a tenant is 30 days; to evict a lodger, 7 days.
“Their discreet “cottage industry” has drawn no neighbor complaints, though it’s probably illegal. The one problem they’ve encountered was a con artist who cited a “squatters rights” law to announce that she was staying long-term — and rent-free. It took an arduous eviction effort to force her out…”
yeah thats interesting
A lodger is a person who lives in a room in a house where the owner lives. The owner can enter all areas occupied by the lodger and has overall control of the house.9 Most lodgers have the same rights as tenants.10
However, in the case of a single lodger in a house where there are no other lodgers, the owner can evict the lodger without using formal eviction proceedings. The owner can give the lodger written notice that the lodger cannot continue to use the room. The amount of notice must be the same as the number of days between rent payments (for example, 30 days). (See “Tenant’s notice to end a periodic tenancy”.) When the owner has given the lodger proper notice and the time has expired, the lodger has no further right to remain in the owner’s house and may be removed as a trespasser.11
Time to round up those terrorist goldbugs and Fed critics….
http://www.zerohedge.com/news/2015-08-30/austrian-economics-equivalent-terrorism-thanks-latest-islamic-state-gold-standard-pr
The Islam religion favors hard currency based on that their religion opposes usury.
The new twist by the elitists is to get the general public to embrace Keynesianism and oppose Austrian economics because the Islam religion favors hard currency.
That of course is the usage of ad hominem by the mainstream elite.
Do you stand to benefit from the FHA’s further debasement of lending standards?
FHA opens door for buyers with low FICO scores
Sunday August 30, 2015 5:00 AM
If you have a low FICO credit score but think you can handle monthly mortgage payments instead of rent, here is some potentially good news: The government is willing to give you a better shot at obtaining a home loan from the Federal Housing Administration with a low down payment.
Thanks to a key policy change that recently took effect, lenders nationwide have more leeway to approve mortgages to borrowers who qualify under the FHA underwriting guidelines but might have below-par credit scores. Some analysts say the revised approach could create a pathway for as many as 100,000 new loans a year to borrowers who would have previously been excluded from consideration.
FICO credit scores run from 300, considered the highest risk of default, to 850, the lowest risk. Although FHA for years has accepted applicants who have FICO scores in the 500s, the practical reality has been that most lenders ignore borrowers whose scores are below 620 or even 640.
…
Sub-prime by any other name would still not be up to prime standards…
people are so desperate for business that they open the doors for those with bad credit. They are the majority.
If you dont do what the banks say they will make your life as tough as possible.
…the PATHWAY (of doom, bwahahhah).
Robert Shiller: “Houses Depreciate”
http://www.pragcap.com/robert-shiller-dont-invest-in-housing
Houses are not an investment but places to live. At least, the cost of owning and buying is an opportunity cost that could have been put to better use dollar cost averaging into stock index funds.
You can dollar cost average into stock funds and over the long term your cost basis will be quite low.
But to use your house as an investment and hope to get a windfall, well that requires timing. There are people who bought real estate in 1997 and sold in 2005 and made the tax free capital gain and walked out with a lot of money. But how many are those? You Most people were into the stock market in 1997 and thought houses are for losers.
The stock market is for winners - over the long haul. So by renting small and cheap you have enough money to throw into an asset class that outperforms real estate.
From 1890 to 1990 houses were terrible performers compared to other asset classes. Exceptions were probably coastal real estate, but now the coastal real estate prices are prohibitive.
Stock markets always have cycles that make dollar cost averaging work the best. You just have to keep putting money in during the downturns.
Hawthorne, CA Housing Prices Crater 9% On Ballooning Housing Inventory
http://www.zillow.com/hawthorne-ca-90250/home-values/
http://www.cheatsheet.com/business/high-on-the-hog-the-top-8-corporate-welfare-recipients.html/?a=viewall
Lets stop the moochers.
Mexico warns Texas not to refuse its immigrants’ babies U.S. birth certificates
Published August 27, 2015Fox News Latino
The Mexican government is warning that Texas’ denial of birth certificates for U.S. children born here to undocumented immigrants stands to imperil the relationship between Mexico and the Lone Star State.
The concern was raised in an amicus brief filed Monday evening to lend support to immigrants parents who sued Texas after being denied birth certificates for their U.S.-born children, even after showing their “matrículas,” the ID cards issued by the Mexican Consulate to undocumented immigrants.
Mexico says the practice stands in stark contrast to the historical practice among countries to accept passports or other forms The lawsuit, the Texas Tribune reported, was filed on behalf of six U.S. citizen children and their undocumented parents, who came from Mexico, Honduras and Guatemala. Other groups since have joined the suit.
A main point of contention is the all-out refusal at some county registrars offices to accept as a valid form of ID anything short of a U.S. visa or consulate ID card, the Tribune said.
The families who are suing say that Texas is violating the 14th amendment and that the state is superseding federal immigration laws.of ID to issue birth certificates.
“[It] not only jeopardizes their dignity and well-being, but could threaten the unique relationship between Mexico and Texas,” the Mexican government said in a brief tied to a lawsuit filed against the state by Texas Civil Rights Project and Texas Rio Grande Legal Aid.
latino.foxnews.com/…/ - 227k -
Lol, “martricula consular”. About as official as a Monopoly playing card.
Sorry, I meant “matricula”.
Comment by phony scandals
2015-08-30 10:26:47
Mexico warns Texas not to refuse its immigrants’ babies U.S. birth certificates
latino.foxnews.com/latino/news/2015/08/27/mexico-warns-texas-not-to-refuse-its-babies-usbirth-certificates/
lolz. Mexico “warns” a state in a sovereign nation. I’m not a Texan and that’s fawkin’ offensive. I’d purposely round up a few illegals and shoot them out of a cannon…. right back across the border. There’s your bulletin Mexico.
I dunno why Texas doesn’t just turn around and sue the peewadden out of Mexico for all the fraud that it and its citizens have perpetrated on the state.
University Of Texas Might Remove Woodrow Wilson Statue
BLAKE NEFF
12:58 PM 08/11/2015
A panel at the University of Texas at Austin (UT-Austin) has issued a report recommending that the school remove its statues honoring President Woodrow Wilson and several Confederate leaders, or else add plaques designed to add “historical context.”
The task force was commissioned in June, the day after vandals defaced the Davis statue for the third time this year.
It may seem odd to lump Wilson in with the Confederates, as Wilson (a Southerner) wrote that he “rejoiced” in the Confederacy’s defeat. But UT-Austin’s panel says the problem lies with the intent underlying his statue, as his presence reflects a “neo-Confederate Southern nationalist approach.”
“A significant portion of the campus community views the statues’ presence and placement as deeply offensive and unrepresentative of the university’s mission and values,” the report says.
But the report also notes that if they start tearing down every Confederate statue, they may have to purge the entire early history of the campus.
Read more: http://dailycaller.com/2015/08/11/university-of-texas-might-remove-woodrow-wilson-statue/#ixzz3kKIjv7wp
UT Austin to relocate Jefferson Davis, Woodrow Wilson Sunday
KVUE 4:16 p.m. CDT August 29, 2015
AUSTIN — After a Travis County judge ruled the University of Texas at Austin can move statues of Jefferson Davis and Woodrow Wilson Friday, the university will move the statues from the Main Mall on Sunday.
According to UT, once the statue is removed, the Davis statue will be refurbished so that it may be displayed for interior, educational display at the Briscoe Center.
For full coverage on the controversy surrounding the statues, go here.
http://www.kvue.com/…/ut-austin-relocate-jefferson-davis-woodrow-wilson-sunday/71392734/ - 70k -
They can used Woodrow Wilson’s statue for a urinal, for all I care.
that might obstruct traffic with the number of people waiting to use it.
LOL! Good one. We used to have a poster on here, back in 2006-2007, who posted that he took a dump in Bretton Woods on a trip he took. I wish I could recall the guy’s name, great guy.
sounds like he was a bear of a guy.
“For full coverage on the controversy surrounding the statues, go here.”
http://picpaste.com/hogfest_flag.jpg NSFW <— warning
Two questions:
1) Why are those people taking pictures?
2) What does NSFW stand for?
Not Safe For Work (for those browsing in situations where somebody may be looking over their shoulder)
Is faux populist Fauxahontus Warren jumping into the presidential race?
http://docquery.fec.gov/cgi-bin/fecimg?_201508259000929488+0
No—but registering as if you are exploring the idea is a FANTASTIC way to take payola. Corporations donate (ahem: I mean express their right to unlimited $$$s of free speech), the candidate decides after exploring a bit that they won’t in fact run, and then they are able to do ANYTHING THEY WANT with the leftover funds.
What a scam, right? I’m surprised every congresscritter doesn’t explore the idea of running for president every election cycle.
As America has turned from a manufacturing powerhouse that created wealth, into a post-industrial economy based on financial chicanery, at least some of those derelect old factories are being dismantled and their materiels repurposed for other structures.
http://www.greenfieldreporter.com/view/story/67c1cf99f79a4d5eb26ee0192ccafb8c/IN–Old-Factorys-Bricks
Interesting article.
Trump calls out the kleptocrat Club for Growth for what they are: thieves and swindlers.
http://www.breitbart.com/big-government/2015/08/29/exclusive-trump-calls-club-for-growth-a-pack-of-thieves/
Clinton’s support continues to crumble. Could it possibly be that even the abject stupidity is a reversible condition?
http://www.businessinsider.com/iowa-poll-hillary-clinton-bernie-sanders-biden-2015-8
The housing market is toast. Hang in there, HBBers. Your reward for waiting out the lunacy is coming around.
http://investmentresearchdynamics.com/the-housing-market-is-toast/
Good one there, Ray K. As usual.
Thanks, Palmy.
Ten years ago we were in the market for a family sized home. Several years later, many posted here to conjecture prices would normalize by 2013 or so.
Here we are in 2015, the market hasn’t normalized, and I have completely lost interest in ever again owning. Our kids have started the process of leaving the nest, and will be gone entirely within a few short years. And because we haven’t mortgaged away our future on overpriced family sized housing, we will be able to quickly move on to age-appropriate housing as soon as our kids are gone, without the need to offload an overpriced dump on an unsuspecting buyer.
We had a backyard party today. A long-time friend and neighbor, who happened to have been promoted to president of his company since we lived here, brought hos family over to our gathering. He could probably afford a place four times bigger than the one they own, but they have better uses for their time and money.
When we mentioned that we rent, our friend’s lovely wife commented, “Home ownership is not all that it is cracked up to be.” Bless her generoy
Her generous spirit.
Hillary has one million fake Twitter supporters, and millions of stupid real-life supporters.
https://www.yahoo.com/tech/hillary-clinton-has-more-than-a-million-fake-127692268434.html
check out the stock futures on Bloomberg. 7:06pm Leftist Coast Time.
Crater.
Does the recent persistent tendency for the futures market to tank in the hours before the stock market opens concern you?
Ron Paul still speaking truth to power.
http://ronpaulinstitute.org/archives/featured-articles/2015/august/30/blame-the-federal-reserve-not-china-for-stock-market-crash/
“The first step is to pass the Audit the Fed legislation so the people can finally learn the full truth about the Fed. Congress should also pass legislation ensuring individuals can use alternative currencies free of government harassment.”
Second sentence is striking. So many HBBers here don’t believe there is any alternative currency that should be made legal.
So many HBBers here don’t believe there is any alternative currency that should be made legal.
Some of us believe the dollar should be honest money in a sound financial system. We’re a tiny minority, though.