The Housing Bubble

Best thing Ted Cruz ever said: Abolish the income tax.

He didn’t say that. He said abolish the IRS and just have a 10% flat tax on individuals and a 16% flat tax on businesses.

No, he said we’re all getting PONIES!

“He didn’t say that. He said abolish the IRS and just have a 10% flat tax on individuals and a 16% flat tax on businesses.”

True. My bad, to me they’re synonymous.

In the words of Emily Litella, “Never Mind”.

Best thing Ted Cruz ever said:

Was this:

“By cutting off financial resources to lawful small businesses, Operation Choke Point is an abuse of power that undermines the integrity of the DOJ.”

Ted Cruz’s Most Excellent Day

https://www.conservativereview.com/commentary/2015/11/ted-cruzs-most-excellent-day#sthash.XsI91i52.dpuf

There must have been an old school phone booth somewhere near Ted Cruz’ D.C. office, as the Senator from Texas seemed to have gone into superhero mode on Nov. 4. Let’s recap the loquacious one’s most excellent day.

In the morning, as a member of the Senate Judiciary Committee, Cruz grilled Stuart Delery, Obama’s nominee for U.S. Associate Attorney General, who in his current role at the Justice Department approved the Operation Choke Point initiative that sought to deny banking services to gun dealers and other businesses.

Cruz explained his opposition to Delery’s nomination because of this political weaponization of Obama’s Justice Department

He didn’t say that. He said abolish the IRS and just have a 10% flat tax on individuals and a 16% flat tax on businesses.

When people say stuff like this, I always wonder with we net more in taxes or less than we do now. If less, what gets cut, if more who paid more and what does it go to?

I am the art of the deal.

Here’s a good video about the invasion taking place in Europe. Nationalist fires are indeed being stoked.

https://www.youtube.com/watch?v=44vzMNG2fZc

Here’s the rub: with all the “refugees” they’re taking in, they won’t have all that for much longer.

Which is why intra EU border checkpoints are coming back.

If you can afford $20K per year health insurance US healthcare is great.

it could have been a badly misshaped greek letter that looked vaguely like a swastika.

And the white kids in the pickup truck flying the confederate flag might have only been yelling that they had chiggers.

What about the other issues?

Race wasn’t the only issue. The Mizzou president was a business man who didn’t know how to do a different kind of job. University presidents and the POTUS are not entry level jobs. They are political jobs, not CEO type jobs.

Race Wasn’t the Only Issue at University of Missouri

http://www.wsj.com/articles/race-not-only-mizzou-issue-1447206995

COLUMBIA, Mo.—Racial tensions were merely the tip of the iceberg leading to the dramatic resignations Monday of University of Missouri President Tim Wolfe and Chancellor R. Bowen Loftin, according to professors, students, state lawmakers and others.

Both men made a series of enemies among faculty, graduate students and legislators, these people said. As students’ discontent over a series of recent racial incidents escalated, they found few ready supporters around campus, they added.

Football is racist, period. Shut it down.

You’re all missing the point.

College kids are too dumb to vote.

Anyone who’s susceptible to cult like programming in cultural marxism and mob silencing tactics, should not have the right to vote in this Republic.

Time for tear gas, pepper spray and rubber bullets. That will shut the traps of these ungrateful zombies.

Football is racist.

“Black Drives Matter”

They should have worn Guy Fawkes masks.

Maybe the students didn’t want the image all over the media?

Good point. And why might they not want covered? Yesterday I slammed that faculty Click lady trying to push around the journalists in that camp and she did wrong, but then I read an article today that showed the other side of the story that I had not thought about.

There’s a good reason protesters at the University of Missouri didn’t want the media around
Students wanted to create a safe space from not only the racism they encounter on campus, but the insensitivity they encounter in the news media.

https://www.washingtonpost.com/posteverything/wp/2015/11/11/theres-a-good-reason-protesters-at-the-university-of-missouri-didnt-want-the-media-around/

…..any journalist – had a legal right to enter the space, given that it was in a public area. But that shouldn’t be the end of this story….The black community distrusts the news media because it has failed to cover black pain fairly.

….In many communities that historically have been marginalized and unfairly portrayed by the media, there’s good reason why people do not trust journalists. There’s a tendency in news media to criminalize black people’s pain and resistance to racial oppression. We saw it in coverage of Ferguson and Baltimore, when news stations provided more coverage of broken windows in their communities than of black pain.

The unfair portrayal of black people in the news media is well documented. In one study analyzing news coverage by 26 local television stations, black people were rarely portrayed unless they had committed a crime. A 2015 University of Houston study found that this imbalanced coverage may lead viewers to develop racial bias against black people because it often over-represents them in crime rates.

A safe space? Standing out there on the grass where any redneck that wants to heckle them can easily find them?

The students want to create a safe space around themselves in which there is no perceived racism, just like some religious people want to create a safe space around themselves in which there is no perceived toleration of “sin”. In which, for example, they can refuse service to those they see as sinners, or refuse to give prescribed medicine if they think its use is sinful.

It’s two sides of the same coin. A personal space in which no one, not even the Constitution, can tell you what to do.

Like the sofa forts I used to build.

“A personal space in which no one, not even the Constitution, can tell you what to do”

Did you mean “a space in which you can tell everyone else what to do”?

Couldn’t they just go to their rooms and fling themselves on their beds?

Did you mean “a space in which you can tell everyone else what to do”?

That seems to be what both parties, the religious and the students, want. The religious want to tell those they perceive as sinners (gays, people seeking birth control or abortions) to beat it, the students want to tell those they perceive as racists the same thing.

“You can do it, but not around me. It’s my right not to tolerate it.”

Exactly.

This has been going on a long time. Anybody remember when Bill & Hillary were back in Arkansas, telling the police to look the other way so their friend (coughDonTysoncough) running the meat-processing plants could get cheap labor?

Heck, even back in the 1970s, the same thing was going on at the local packing plant in a nearby town to where I grew up in the 1970s. We already had the migrant farm labor there seasonally, but the packing plant was an option for those who wanted year-round work.

A lot of people are upset with the way animals are treated at factory farm operations, and rightfully so. But the bigger scandal is how the people are treated to maximize profits.

But the bigger scandal is how the people are treated to maximize profits.

If you’re late three times, you’re sausage.

Sanders is promising all things to all people, to be paid for by more borrowed or printed funny money. If two ratchets can take his microphone away while he begs and gesticulates impotently, how is he going to deal with Russia, China, North Korea, Iran, etc?

If I could fling poop at you, I would.

Once the poop flies, it’s a long road back.

You’re backpedalling Lola.

It’s rectangular. That’s all you need to know

Are you sure?

Does anyone actually give a rat’s ass where Rio is posting from? I don’t, and I have never had any reason to doubt Rio’s basic veracity. So maybe we could dispense with the endless, infantile attempts to “prove” Rio is posting from somewhere other than Brazil.

[RKH, posting from Jennifer Lawrence's penthouse hideaway love nest somewhere in the Carribbean.]

Take picture.upload to picpaste.settled.

See how that works?

Why should he give an obviously unhinged internet troll his location.

You’re backpedalling.

Like that would settle it. You’d accuse him of contacting some random dude in Rio and having him upload a pic.

It’s quite easy. Snap pic, upload, post like I did Tuesday.

What’s the problem?

You’d accuse him of contacting some random dude in Rio and having him upload a pic.

Thank you. I guess HA/Mafia is still sniping that I “don’t live in Brazil”. All I see is his brown Joshua Tree ignored skid marks. The dude is one-track boring.

HA/Mafia and ProxyStrawberryShrimpClubber are kind of dumb. They think I fake living in Brazil to “impress”? How?

Think about it. The real estate market/economy is going down here and I saw it coming. If I were lying trying to impress, I could have said I sold a year ago at the top -been a real estate “hero”. Heck, I could say I sold last week almost at the top. They have no logic.

I actually think they know I live in Brazil but they look to anything dumb to attack me while I’m sure most people think they are idiots.

I actually think they know I live in Brazil

Correction: I think HA/Mafia thinks I live in Brazil and just acts like a fool because he thinks people care.

I think ProxyClubber actually thinks I don’t live in Brazil and it creepily keeps him up at night.

Lola. Pic. Snap. Upload.

We.don’t.care.

yes.you.do.

I do NOT think you live in Brazil. I think you are institutionalized somewhere without Internet access during morning time in Brazil. I don’t know why you do it. I think you may have started the ruse and just stuck with it. I enjoy your strange stories. Any post more than a paragraph always has me shaking my head at the odd phrasings and thought process. Keep em coming.

I do NOT think you live in Brazil. I think you are institutionalized somewhere without Internet access during morning time in Brazil. I don’t know why you do it. I think you may have started the ruse and just stuck with it…..

Dang ProxyClubber. That is one of the funniest (but sad if I cared) most bizarre posts I’ve ever seen from you yet. I think a Psychologist could base a PhD thesis on its obsessive and creepy implications.

Dude, here’s the deal. If I actually lived in America I’d be a bit worried about having such a stalker as you.

But I live in Brazil and you’ll never get here without a doctor’s note.

And just as I said in a previous post:
“I think ProxyClubber actually thinks I don’t live in Brazil and it creepily keeps him up at night.”

So rage on “amigo”.

Seeing as your afraid to substantiate yourself with a picture, how about another webcam show Lola?

What time is it in “Brasil”?

Someone told me it’s that border state near Vermont. Err sumpin.

“Mizzou” averaged over 65,000 fans attending each game last year. That’s big money, especially when you add in merchandising, TV rights, and the rest.

Where is Missouri anyway? Yesterday someone said it was the south,

I said Blacks were victims of southern racism in Missouri - one of the most interesting and ignominious states in relation to the subject of racism.

Missouri typically is categorized as both a Midwestern and a southern state. The region was split on Union and Confederate issues during the Civil War. A small region of the state is called Little Dixie for the influx of southerners that settled there.

http://officialcitysites.org/us/states/missouri/

Now, geographically Missouri might not be totally “in the south” however I lived in Missouri for 2 years next to a (Confederate Memorial Cemetary no less) and lived in states bordering Missouri for many years growing up. I’ve seen Missouri’s southern component and in some racial aspects Missouri is more “southern” than some states below the Mason Dixon line.

Interesting sports aside:
Kansas and Missouri have the only sports rivalry (The Border War) that goes back to the only states that were actually at war with each other over slavery- and right before the Civil War (Which actually began there according to many historians.) There is hate in that sports rivalry.
See: Bleeding Kansas

During the Civil War, Missouri pro slavery racists under Quantrill burned my University town to the ground killing almost 200 people.
See: Lawrence Massacre

Missouri is also home to one of the most segregated cities in the USA, St Louis, and St. Louis County including Ferguson has proven to have some of the worst institutionalized racism in America.

‘Missouri typically is categorized as both a Midwestern and a southern state’

‘In classical logic, a contradiction consists of a logical incompatibility between two or more propositions. It occurs when the propositions, taken together, yield two conclusions which form the logical, usually opposite inversions of each other.’

‘In classical logic, a contradiction consists of a logical incompatibility between two or more propositions.

Sounds like Missouri.

Just close all of these youth indoctrination camps and refund everyone’s money…shut ‘em down.

Go back to specialty schools, apprenticeships and vocational training.

A lot of them could be shut down with no harm to the economy, but not all of them.

Bad publicity doesn’t sell team t-shirts, and it makes the new kids want to go to school elsewhere.

‘the 4 - 5 Missouri football team’

I bet they were thinking its soccer and the other teams are playing football.

Where did they get that name? Miss-ouri. Sounds made up. At least that city in Colorado got its name from the singer/song writer.

Right on time for your engagement with enragement.

http://goo.gl/XK02Pc

The Fed has only one mandate that matters: serving as the Oligopoly’s chief instrument of plunder against the 99%. QE-to-Infinity and ZIRP/NIRP are the best tools to effect the transfer of wealth from the middle and working classes to the .1%, and so they will be kept in place as long as the parasites can extract more blood from the dying host, the productive economy.

You think you’re in the conservative club, but you’re not. The club changed. You didn’t. You don’t have a club… and it’s kind of dumb to pretend you do by screeching about the evils of the other club.

’screeching about the evils of the other club’

Goes for everybody; it isn’t a policy or position to say vote for me because I’m not him.

+1 Here ‘ya go, Muggy.

Yesterday you were all about balls, thongs, trannies. Today it’s “man-love”.

We get the message Lola.

the righties’ suppressed man-love for Putin riding bare-chested on horseback

Gathering from their repeated comments touching on the subject, I think some of the righties’ here would rather see pics of Putin wearing a low cut bra.

And now bras. What the hell Lola?

I figured the mental image of Putin in a bra would get HA/Mafia’s blood flowing.

Now where’s ProxyStrawberryClubber? Both of them allude to that kind of stuff a lot here.

(I think a lot of righties are repressed.)

It seems to parallel your lifestyle Lola.

At least the thing talk beats your constant shilling for Hillary.

‘Being good means not pretending to have a partial claim over every single piece of private or “public” property under your government’s illegitimate jurisdiction, such that you can exclude others from it based on them being born under a different illegitimate jurisdiction.’

Sounds like he’s for open borders.

Let me explain some libertarian thinking on borders via my own experience. (Long time readers have heard this more than once, but allow me please).

I was an open border person all the way. Then I moved near the Mexico border. 85% of health care was basically welfare. When you applied for a job, you didn’t even ask what the pay was; it was going to be minimum wage. I met one guy who told me how he came from Mexico illegally years ago. Way south in Mexico. He could live in the zone between the actual border and the checkpoint without any worries, indefinitely. He then told me his entire family had all come to the same area; all 150 of them. Mexico was awful, he explained. I asked him, why didn’t you stay and try to make things better? He just laughed, said it was impossible.

What I eventually concluded was open borders are incompatible with our system. No safety net can survive the numbers that would come here if they could. Does that mean I am for welfare programs? No, but I can see it won’t work the way this country is set up. Sanchez probably likes the idea of no government. We don’t really need one if you think about it. (If you’ve got to have a state, I always liked the city-state concept from ancient times). But none of that is the reality. With the system we have, open borders just aren’t feasible.

And besides accepting our own current realities, there is also the question of why they want to come in the first place. Which probably is the result of corrupt, socialist governments down south.

I feel rather the same way about free trade. It doesn’t support our system. If we didn’t have a benefits program for the out of work, it wouldn’t matter so much.

It would still matter to those forced to compete with workers in the third world countries.

Any idea what 2 pain killer/hydration IV’s, urine test and a consultation would run in a USA emergency room?

$2500-$5000 depends on what city. Stitches stapled to the back of your head in ER $1800. Stitches in forehead at Urgent care $350.

I know, not to use the ER.

‘Stitches stapled to the back of your head…Stitches in forehead’

You could just try one less martini every night.

kids

(For kidney stones) Take magnesium. I had one attack, then started taking a lot of Mg,

Thank you !

“Jackie Brown”

Great song.

Most Americans don’t get enough magnesium, which is vital to good health and wellness.

http://www.dailymail.co.uk/femail/article-2755576/Is-magnesium-deficiency-making-ILL-From-nausea-exhaustion-osteoporosis-surprising-cause.html

Green tea, about 7 paper cups a day, caused my kidney stones a few years ago. I tried getting back into green tea but pain kept returning. I gave up on it. Google it and most sites say green tea prevents kidney stones. Well maybe for most people.

Oh I am concerned about Brazil. Who gives an Olympic lake where you live? You just happen to be the poster Brazil Bubble Boy on here who drank the Brazil koolaid big time. I have poked fun at every single bubble boy and girl that spouts their mania on the HBB. Did I miss anyone? Too bad you lost your Portuguese puta on that house.

Aside from being a very nice country, Brazil is the thermometer up China’s butt, and what is really happening in China will affect us all. So I keep an eye on it. Brazil is showing us something, no?

Also, we have an office in São Paulo to which I provide technical support and thereby derive some income, so I do hear some things and am interested.

As for the Olympics; What were you guys thinking? It’s headed for disaster because of your corruption; social, financial, and sewagerial. And you are such a butthead for not caring about any of it.

So what if you Pineapples know nothing about ocean chemistry? Should I try to teach you? You have your “talking points” as our friends here say, and you will stick to them. Yours is a mocking contest on a second grade level, not a quest for understanding. I am content that CO2 will not destroy the oceans, melt the oysters, exterminate the reefs and all that. It is the very stuff of life, not a pollutant. We might heat things up, get hungry and have lots of pesky new neighbors, but it won’t be acid oceans.

As for the Olympics; What were you guys thinking? It’s headed for disaster

lol, Disaster this, Disaster that. “Disaster” everywhere. Some of you righties spend your whole life scared of “disaster” around every corner. You BlueBoy wouldn’t have had the guts to move to Brazil because you’d be so scared of “disaster”. Buck up. Quit being cowardly. The clock is running.

What were you guys thinking?

“you guys”. Dude, I’m a gringo, ask them. But I’m totally stoked “those guys” got the Olympics. Rio has already improved dramatically. As I’ve said, Brazil will lose money on the Olympics, Rio will gain and improve.

And I lost nothing on my house in Brazil. It paid for its construction on “free rent” over a year ago. When I sell it, I’ll get bank. (In any language and any market, do the math, it’s paid for.)

BlueBoy…… you’re an angry, one-track fraud. You don’t care about the Olympic lake. You just blather about something you don’t care about in Brazil because I live in Brazil and you don’t like me.
Psychology 101.

‘When I sell it, I’ll get bank’

Heh heh, well be sure to check my desk clearing post tomorrow.

well be sure to check my desk clearing post tomorrow.

But your post won’t trump math. My house has paid for itself in “free” rent already. Plus “interest”. And more every month.

If my house sells for 35 cents a few years from now, it will still have been a “good investment” for me.
It’s just math.

(I know my situation is way different but that’s the way my situation turned out.)

35 cents sounds about right for an alley refrigerator box Anklepants.

I don’t know why, but I think it would be interesting to have the details of the math of the mania. Are you thinking that you would have paid 1/4 the price of a grand house in rent each year? House prices were 4x rent?

Being confident as you were then that Brazil was going to the moon, did you build modestly, or build multiples of what you would have rented if you thought of housing as simply a regretful expense? How does that factor into the 4x rent supposition?

If you did not inherit the money from your dear old mom, who you went down there to tend, who now supposedly lives in the US, then you might have used your USD to do the deed. Being a young fellow you had plenty of USD going in right? Or at least you felt you looked like a young fellow. Anyway, you are still there and still see your stuff in USD. Right? Or not?

So, with your economy (where you live and work or beach) tanking, and you have lost 60% at least in the exchange rate to USD and prices in the local peso are not going to the moon, can you explain the math? Please try to do so at a 4th grade level so we can grasp it.

Do it because you want to, not because we asked.

can you explain the math? Please try to do so at a 4th grade level so we can grasp it.

Didn’t really want to but, went to Brazil to help spouse’s dying Mom. Built house on land bought years ago for cheap. Money invested in construction and land has been well paid back by free rent since. Every month receive about 3K in “free” rent on a house that has already paid for itself. Transient currency fluctuations and market price just affects the potential future profits which are just pie-in-the-sky for now. Who cares? Even if I recieve zero for house in the future, its return will be better than the stock market and with a rad place to live. Math over.

PS: My mom lives in the USA and always has.

Being confident as you were then that Brazil was going to the moon,

This is why your premise is either wrong or a lie. I wasn’t “confident that Brazil was going to the moon” in 07-08 or years prior when I bought land.

The bubble happened after I was all-in. I just rode it in amazement. I was in, no matter which direction the market went.

But in my situation, there’s no way I will lose a dime. How can I lose anything when I’ve already recouped my invested money in a “free” place to live?

Didn’t really want to but, went to Brazil to help spouse’s dying Mom.

Poorly written.

Of course I wanted to move to Brazil to help her. But if we didn’t need to help a lone family member, I would not ever have moved to Brazil.

Ever.

My condolences to your wife regards the loss of her mother. I apologize for remembering this detail slightly askew.

My condolences to your wife regards the loss of her mother.

Thank you! She was dying but she didn’t die! Thank god. She was with us with my kidney stone thing a few weeks ago. She’d lost her son and husband within 2 years and was on the way out. But having her daughter- her last immediate family member left- here, saved her imo.

Anyway, at least I’m happy and proud of that.

My mother and father, and those of my lost wife also, are gone. I have nothing else to say.

I think that the allusion was to World War 2 and the associated massive deficit spending that returned the country to full employment.

KrugmanTheKrackPot.