Bits Bucket for March 22, 2016
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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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Overpay for housing and you’re guaranteed to loose money, alot of money.
It’s the worst financial decision ever, but you don’t have to make it…
True, Goon (I think that’s you). Buying a house was the worst financial decision for me. Buying company stock at the right time and selling it at the right time was the best financial decision for me.
All those folks you work with in SoCal that are of a similar age to you nought houses back in the 80s for peanuts that are now worth millions. The more financially savvy bought other houses too.
Bought
But, they have to drink reclaimed water, sit in traffic, deal with overcrowded everything, smog, bad schools, crime, and race wars.
Those who have benefited from good timing should thanks their lucky stars rather than boast how brilliant they are.
Very few currently aged 30 or 40 will ever have that kind of luck ( ie. “good timing”). And guess what? There are plenty of them that are smarter than you.
Fog a mirror and get a house?
How about fog a mirror and see your stocks quadruple over
15 years? How about fog a mirror and see the sale price of your houses triple over 20 years?
hard to do in a 2% growth economy-that voters will accept again
Problem is, where is the buyer?
Remember…… I can ask $50k for my used up 10 year old Chevy pickup but where is the buyer at that price?
So it is with any depreciating asset like a house.
Jake is insane.
Remember my friend……. Nothing accelerates the economy and creates jobs like falling prices to dramatically lower and more affordable levels. Nothing.</b
Unless you own apartment buildings in Houston.
The entire economy accelerates as a result of falling prices to dramatically lower and more affordable levels. Even in Houston.
Houston economy: ‘It’s bad, but it’s not awful’
Outlook: Despite loss of 50,000 jobs, city sees reasons to remain optimistic
By Rhiannon Meyers January 2, 2016
http://www.houstonchronicle.com/business/article/Houston-economy-It-s-bad-but-it-s-not-awful-6733309.php
It’s good to see Houston getting back to fundamentals. And dramatically lower prices accelerating the economy.
you have to crash the economy before you accelerate it.
crashes are good for those old people with nothing in the game
The real shame is the bubble economy existed in the first place.
Remember….. Nothing chokes the life out of the economy and pushes joblessness higher like massively inflated, rigged and fixed prices.Nothing.
Comment by CalifoH20
2016-03-22 11:55:02
Jake is insane.
Jake is HA, Senior HA, Mafia…..changing his name doesn’t make him any more intelligent. He posts general BS with no data, then says “read the data my friend”. He has no data and probably no friends. HA!
Data Jingle_Fraud not high school. Data my friend.
Sarasota, FL Housing Market Implodes; Prices Crater 16% YoY As Market Floods With Inventory
http://www.movoto.com/sarasota-fl/market-trends/
Nice try snake skin but they live around me. The average price is $600,000. Look on a real estate site. Last time I checked the average house price in the six county area of what is known as Southern California is well below $1,000,000.
Snake, are you stupid?
Average, and here I thought you knew math. People in their mid 50s in CA had their house prices triple. Free money.
That is more or less what I did, bought a place in Calif. in 1997 for $115K, sold it in early 2007 for $315K (thanks in large part to following the HBB and OTM blogs) walked away with $200K cash tax free. That helped make it possible to retire early…but it was indeed good timing and I don’t expect to experience anything like that again.
Now do all the math. Is the number negative?
Buying a house was the worst financial decision for me. Buying company stock at the right time and selling it at the right time was the best financial decision for me ??
LOL….Thats funny Bill…Good timing can make anyone look real smart….Give me good timing over smarts any day…
Timing IS important….I took a loan against my 401k in 1999 to make the downpayment on a house…The timing made THAT decision work out really well.
r.e timing making people think they are smart (but they are not and thus likely a good target for a scam)….that part of the plot and dialog in “The Grifters” an excellent movie based on the Jim Thompson book. Anyway it is currently on Netflix streaming…
“All over the southwest you’ve got these businessmen. They were
making money when everybody was making money. They think that means they’re smart. And now they’re hurting. When the price of oil fell, so did they. They’ve still got money, but they need more money. When the oil money was good, they put
up all these office buildings. Now they’re half empty. They’d give you anything to move in: first two months free, redecoration, whatever you want. They help you set up the store. I’m the roper. I go out and find them, and bring them in.”
I mostly buy shares of a S&P 500 index fund with a 0.1% expense ratio.
Used to work with someone who loved crowing about how her and her husband were ace stock pickers. Kinda contradicts her need to still be working past age 60, LOLZ.
By the same logic buying and selling a house at the right time could have been a great financial decision based on the profits made on some of the townhouses around me.
Where is the buyer?
US Housing Demand Craters To 20 Year Low
http://1.bp.blogspot.com/-0q8fIAsczFk/VUANHEhSbnI/AAAAAAAAjRs/oANwXOUviGw/s1600/MBAApr292015.PNG
My worst financial decision was choosing a family which wasn’t wealthy. If I had, I too could have lorded it over others from the mountaintops.
May you get what’s coming to you.
You’ll never borrow your way into prosperity. Or financial security for that matter. Dump that depreciating house now while there’s still time to salvage your finite future.
she bought in 2011? not a bad move so far
Va_Donk….. In 2011 housing prices were 300% higher than long term trend and double construction costs.
“The worst financial decision was choosing a family that wasn’t wealthy.”
Funny. I did not choose, that nonwealthy family chose me. We put up with shootings and knifing so in our neighborhood, and even watched a gang fight that was on our front yard.
You learn not to be for government handouts when savages are your neighbors.
even watched a gang fight that was on our front yard.
Is that why you put smiley faces after your predictions of street violence in Cleveland? Fond memories of childhood?
I spguess I never predicted street violence in Cleveland, but come to think of it, street violence happens every day in any city.
Oops, I misread the poster and thought you were goon, or whatever he is now. He’s the violence-cheerer, not you.
Don’t feel bad oddie. They clearly want to be each other anyway.
why cant you move?
‘choosing a family which wasn’t wealthy’ ..I know right? Can I get a mulligan here?!?!? j/k
I have a client who played his cards right by marrying an ambitious gal who turned out to be CEO material. $50k a month deferred comp from prior employment, board positions, NQSO city….geez. His job is to create losses to save $ on taxes…tough life. Really nice people.
My good fortune was to be born into a family that promoted living below one’s means, helping others, self reliance and avoiding debt.
Same here.
Blue, you have been exceedingly lucky to have experienced such an upbringing.
I have been very lucky, too.
Those are things I had to teach my parents.
Ditto
+1
most of us are cheap b&#stards.
But your kids will thank you when they inherit it, all paid off.
“Overpay for housing and you’re guaranteed to loose money, alot of money.
It’s the worst financial decision ever, but you don’t have to make it…
Exactly. Remember….. houses are depreciating assets that never pay you back. They take money from your wallet every day you own them.
Islamic State vows to punish anyone celebrating ‘spring festivals’ with 20 lashes
http://www.jihadwatch.org/2016/03/islamic-state-vows-to-punish-anyone-celebrating-spring-festivals-with-20-lashes
““Allah did not create man so that he could have fun. The aim of creation was for mankind to be put to the test through hardship and prayer. An Islamic regime must be serious in every field. There are no jokes in Islam. There is no humor in Islam. There is no fun in Islam. There can be no fun and joy in whatever is serious.”” — Ayatollah Khomeini
Yeah, these folks will fit right in with western culture.
Red Pill
On the subject of your username, no single man (who doesn’t want children) with assets and options should ever marry.
You speak of mgtow, and I agree.
It seems to me that these Muslims in the ME aren’t too big on hardship and prayer. If they were, why are they fleeing in droves, looking for a better life in fun and joyful Europe? Better yet, why isn’t Iran offering to take in these refugees? What an opportunity to show them a proper life as Allah intended!
Ron Paul stays true to libertarianism. Some HBBers say they voted for him in 2012 and now they went from libertarianism to authoritarianism. Shame. Bewildering.
Never Trump:
http://www.washingtonexaminer.com/ron-paul-joins-the-nevertrump-movement/article/2586188
“”I think the die-hard neoconservatives would not be that extremely unhappy with Hillary,” Paul said, comparing the former secretary of state to Trump.”
Exactly what I was saying, the GOP establishment would prefer four years of Hellary to Drumpf’s takeover of “their” party.
Former Texas Congressman Ron Paul has joined the chorus of those saying they will never support Donald Trump as the GOP nominee.
“I couldn’t do that,” the 2012 presidential candidate said of backing the New York billionaire during Fox Business interview Friday morning.
“[Trump] is opposite of a libertarian,” he added.
Paul was the presidential nominee of the Libertarian Party in 1988, but ran as a Republican in both 2008 and 2012.
BWA-HA-HA-HA-HAH! Dang, I was so right about Saint Ron.
You voted for him. So now you repudiate freedom and want a dictator.
The irony here is that Paul and Trump both have the same enemy, the corrupt PTB.
Yes, yes I did. I also voted for GWB the first time around, just like you. To my eternal regret.
The difference is you regret voting for Ron Paul, the enemy of your deity. I never regretted voting for Ron Paul. Stick to the subject. Paul and Trump.
“The irony here is that Paul and Trump both have the same enemy, the corrupt PTB.”
Yet you are dumb if you think Trump stands by that. I trust Trump no more than Hillary Clownton.
“I never regretted voting…”
Yet people who vote are your sworn enemies.
Will Trump cut a bunch of government jobs to help balance the budget? That would drive the local housing prices down a bunch.
That sounds more like Cruz’s plan. Trump is talking about a big military buildup, which sounds like more government jobs, or at least government contracts.
Most on here who bash have no idea what he will or won’t do or even what he claims to be for or against. They don’t watch his speeches, don’t watch the debates and don’t read books or papers by the person. No primary source material. It’s all just Internet knowledge from Huffpo, etc.
I overheard a woman at the grocery store yesterday talking about how Trump is Hitler - and that he fully intends to expel all people who are not white, legal or not.
Irrational to say the least.
There will be a President elected this fall irrespective of of opinions here.
Biggest kick in the teeth so far today, look down at my “I voted” sticker and see “Phoenix Association of Realtors ™” . Looks like they paid for the stickers for advertising. So if you see a fellow with an “I voted” sticker and some black magic marker scrawling something out underneath, it’s probably me.
“…kick in the teeth…”
Trumplings are thugs.
Stupidity is the new badge of pride in the American electorate.
An interesting read:
Donald Trump will win in a landslide and the mind behind Dilbert explains why …
https://www.washingtonpost.com/news/comic-riffs/wp/2016/03/21/donald-trump-will-win-in-a-landslide-the-mind-behind-dilbert-explains-why/
If American voters are as stupid as RKH daily reminds us, and stupid people vote on irrational emotions instead of reason, then the Dilbert cartoonist may prove correct.
That was interesting, thanks. Though to me, whether he’s a “master of psychology” or not is less at issue than whether he’s going to uphold the laws of this country and protect the interests of Americans broadly. If the author is right that he just wants to show that he can win, that could be a bad thing (if, say, his alleged “mastery of identity politics” will be enough for him); but if he wants to show that he can win by pursuing sound policies that are wildly popular, not starting wars, etc., it could be a good thing. We will probably find out in November.
I read another interesting piece at nakedcapitalism yesterday attempting to predict, at a fairly detailed level, the Clinton/DNC gameplan for Trump, with an assessment of its likely effectiveness. This is coming from the left, so the critique of staged anti-Trump rallies, identity politics fury, etc. adds something to the “that dog won’t hunt” picture. The comments are pretty good too:
http://www.nakedcapitalism.com/2016/03/the-democrat-establishment-plan-for-a-three-front-anti-trump-republican-splitting-anti-left-campaign.html
This, from Mr. Impartiality.
Why would you state that you voted for Obama, then deny that you said so?
He’s just another Suck Dude.
It seems like a mistake to call Trump a loser, as the actual losers are the Trump voters.
It reminds me of Arnold Schwarzenegger winning gov in CA. He was awful. Brown came in next and cleaned up.
TV sheeple.
It is quite interesting how Obama is much more of a champion of American freedoms than Trump is.
While Trump is talking about waterboarding and threatening to dish dirt on Ted Cruz’s wife, Obama is spreading the gospel of freedom to our communist neighbor to the south.
Who is more presidential: Obama or Trump? (Honest answers, only!)
Politics | Tue Mar 22, 2016 7:28pm EDT
Related: World, Election 2016, Politics
Obama challenges Communist-led Cuba with call for democracy
HAVANA | By Matt Spetalnick, Jeff Mason and Frank Jack Daniel
U.S. President Barack Obama challenged Cuba’s Communist government with an impassioned call for democracy and economic reforms on Tuesday, addressing the Cuban people directly in a historic speech broadcast throughout the island.
Taking the stage at Havana’s Grand Theater with President Raul Castro in attendance, Obama said he was in Cuba to extend a hand of friendship and “bury the last remnant” of the Cold War in the Americas.
But he also pressed hard for economic and political reforms and greater openness in a one-party state where the government stifles dissent, Internet access is low and the media is in state hands.
His speech was the high point of a 48-hour trip made possible by his agreement with Castro in December 2014 to cast aside decades of hostility that began soon after Cuba’s 1959 revolution, and work to normalize relations.
Nonetheless, Obama threw down a very public gauntlet to Castro, saying Cubans cannot realize their full potential if his government does not allow change and relax its grip on Cuban politics and society.
“I believe citizens should be free to speak their minds without fear,” Obama told the audience on the final day of his visit. “Voters should be able to choose their governments in free and democratic elections.”
“Not everybody agrees with me on this, not everybody agrees with the American people on this but I believe those human rights are universal. I believe they’re the rights of the American people, the Cuban people and people around the world,” Obama said.
…
Stupidity is admitting to illegality on the Internet. Bill what was that illegal stuff you were talking about the other day? The victimless crime stuff where you live your whole life not bothering anyone.
Do you ever drive beve the speed limit? I do every day. Otherwise I would get a ticket for not going the flow of the traffic.
Nice try snake skin but I am proud to say ALL BAD LAWS SHOULD BE BROKEN.
You said this on Sunday:
“when you built up years of living a certain way that is peaceful and harms no one, yet it’s illegal,”
Now you claim it is “speeding” you were admitting?
Puhleeez. Maybe Bill is an illegal alien?
Maybe he lives in an illegal apartment, likes the ones I see all over craigslist here.
Probably tears the ‘do not remove’ tags off mattresses to. Born to be wild!
He’s married to multiple woman, but doesn’t want the gov’t to find out, so he hides behind his anti-marriage persona here.
“Stupidity is the new badge of pride in the American electorate.”
Sorry if we do not want a theocratic or communist revolution. If that makes me stupid, I wear that label with honor.
You’re stupid if you think you have any choice in the matter. Trump is a neocon the tells you the lies you want to hear.
‘You’re stupid if you think you have any choice in the matter’
Well that’s a convincing point.
‘Trump is a neocon’
And that’s why Kristol and Kagan are voting for Clinton.
Torture. Suppression of free speech. Support for Israel. Police State. The crows are coming home to roost, and it’s not to far from dinner time.
You guys have been played by a master swindler and no amount of “yeah but Hillary”s is gonna change that.
‘You guys have been played by a master swindler’
Today is the primary in Arizona and I’m not voting. You said yourself it doesn’t matter, why are you so worked up all the time? We aren’t deciding anything here.
Do I hope Trump beats Cruz? Yes. Do I hope anyone beats Clinton? Yes.
I was thinking this morning:
‘Television interview, “60 Minutes”, May 12, 1996: Lesley Stahl, speaking of US sanctions against Iraq: “We have heard that a half million children have died. I mean, that’s more children than died in Hiroshima. And – and you know, is the price worth it?”
“Madeleine Albright: “I think this is a very hard choice, but the price – we think the price is worth it.”
Now remember how these half million children died. It was largely from a lack of medicine. Think about how excruciating their deaths were. And how it must have felt for their families to have known there was medicine out there that the Clinton bunch were denying them.
There’s over 300,000 dead in Syria. That’s more than 1,000 9/11’s. Clinton strikes again. I don’t think I have the option to vote against Trump. I’ve never seen that box on a ballot. So who do you suggest we vote for?
I’m an iconoclast, and trump is the biggest icon currently in existence. The false hope he sells prevents people from facing reality… That our government does not represent us, and never will.
‘trump is the biggest icon currently in existence’
I noticed you didn’t answer my question.
The Clinton’s are directly responsible for at least a million dead people. A million that never did a thing to harm this country. For some reason I can’t forget this.
I have said, again, and again, Hillary Clinton is the devil. Evil Incarnate. Satan in overpriced pumps.
We are agreed on this. I don’t think anybody on the board disagrees with this. Let’s move on.
A close friend is a naturalized American Citizen, originally from Senegal.
She noted to me that the Libya situation is going to be far worse than Iraq. Libyans used to hire a huge number of guest workers at high wages. Once the regime fell, a LOT of young men, who used to be able to make a lot of money (and sent it back to their families) found themselves without a way to support their prior standard of living.
And so they are turning to crime in droves.
HRC’s fingerprints are all over the fall of the Libyan regime.
And another thing regarding HRC. The best explanation for the e-mail server is that she wanted to control the information on it in preparation for a presidential run.
So, she put US government information in an unsafe place for her own benefit.
Putting self before country is a disqualifying act, IMHO.
Unfortunately, that leaves us with precious few candidates.
We have no viable candidates.
“We have no viable candidates.”
And so why not stop talking about politics and get back to the inevitability of the final leg down in the Housing Bubble?
Bill,
Did you see my challenge for open borders advocates? I can repost it, if you wish. Check Friday’s bits buckets.
If you’re a true open borders libertarian, you’d accept the challenge.
After all, what’s good for the country must also be good for Bill.
What’s stopping you from leaving the door to your domicile wide open 24/7 for an entire month?
https://mises.org/blog/ron-paul-sums-his-anti-wall-anti-mass-deportation-views-immigration
So you’re going to take up the challenge! Excellent.
Can’t wait to see you post a month’s worth of video.
Bill,
Did you see my challenge to all HBB open borders advocates? Check out this past Friday’s bits bucket.
A true, honest open borders advocate would accept the challenge immediately. All it requires is that you keep the door of your domicile wide open 24/7 for an entire month, whether or not anyone is at home.
Dare to take the challenge? If so, you need to film it using numerous cameras inside and outside your domicile.
If not, you’re a hypocrite. That which should be accepted by others need not be accepted by you.
There are no open borders advocates on the HBB. You’re hallucinating again.
However, this is not a hallucination:
https://www.google.com/amp/www.wsj.com/amp/articles/in-speech-to-aipac-donald-trump-affirms-support-for-israel-1458605471?client=safari#
… So now the trumplings have to tie themselves in knots to explain their newfound support for Israel.
That didn’t take long at all, did it?
“My number one priority is to dismantle the disastrous deal with Iran. I have been in business a long time. I know deal making. And let me tell you this deal is catastrophic, for America, for Israel and for the whole middle east. We’ve rewarded the world’s leading state sponsor of terror with 150 billion dollars and we received absolutely nothing in return.” - Donald Trump, your neocon candidate for president.
‘I was so right about Saint Ron’
The morning I first met Ron Paul, after greetings etc, we sat down for breakfast and I told him running as a Republican again was a mistake. I said he should run as a libertarian. He told me his rationale and I accepted it and volunteered. Over the next year and a half, he and I had spirited debates about things like the libertarian approach to development and endangered species, which was a big issue at the time in central Texas.
Mr Paul never had some saint like attitude about himself. I never got a feeling that it was his way or the highway; it was exactly the opposite. There were no litmus tests. Opinions and differences were welcomed and heartily argued.
“Trump is the opposite of libertarian” - Ron Paul
“Opinions and differences were welcomed and heartily argued.”
Trump has brought politics a long way down from when Ron Paul left the competition.
I’ve laid out my perspective on RP more than once on this blog.
No, I never had the opportunity of meeting him up close and personal like you did. I’m sure he was fair and balanced in listening to people and enjoyed a spirited debate. So did Socrates.
As I’ve said, as a philosopher and man of principle, none better. As a leader, a disaster.
That he is currently aligned with Ben Sasse tells me all I need to know.
‘As a leader, a disaster’
He didn’t lead anything but a congressional district. He never lost a reelection to that district, even though the GOP fought him every time. He didn’t stop any wars nor did he start one. But he did try to influence people in the direction of liberty.
People generally don’t know what to do with Liberty, and are frightened when they see somebody that does.
“But he did try to influence people in the direction of liberty.”
Unlike Trump…
“He didn’t lead anything but a congressional district.”
Spot on. Because he sure didn’t lead any presidential campaigns.
Like I said a couple of times, if his purpose in running for president was to inform, educate and influence people, fair enough. That works for me. But don’t pretend to run for president and throw your supporters under the bus.
Wish he’d been kind enough to let me know before cashing that check.
‘People generally don’t know what to do with Liberty, and are frightened when they see somebody that does’
Like make up their own mind? I know people who voted for Obama twice. I don’t hold it against them or call them stupid. What good would that do? I really don’t understand getting ones blood pressure up about what people type on the housing bubble blog.
The HBB is a bastion of truth that cannot be censored results in frequent aneurysms, sky high blood pressure and daily fits of enragement.
Paul was the only one questioning the Fed about why they were destroying the middle class, when most people thought we were a bunch of lunatics ranting about the housing bubble and the overall economy. He was the one putting Bernanke on the hot seat. Over and over again, he was the only one not licking the boots of the banks and big corps.
I don’t agree with everything he stands for, but I will always respect what he was trying to do for the average American.
Europe falls to Islam.
Religion of piece. As in this infidel would like another piece of bacon please, LOLZ.
“The peaceful majority is irrelevant.”
I am not a fan of neocon think-tanks, but this four minute clip from a Heritage Foundation confab hits it out of the park. I don’t know who this lady is, but she certainly seems to have a good command of history and the non-role of “peaceful majorities” in conflicts. Anyway, she throws it right back in the lap of the representative of the “peaceful majority” of the religions of piece.
https://www.youtube.com/watch?v=EFDeIDU__C4
“Peaceful majorities” have always been irrelevant. You just want to be sure that when it’s all said and done, you’re part of the “peaceful majority” on the winning side.
I watched about a minute of that. The woman ranted and raved about Nazi Germany and Soviet Union. My guess is that she never mentioned all of the people slaughtered by the American government in places like the Philippines, Vietnam, Latin American, and all the way through to Afghanistan and Iraq. The Nazi and Soviet regimes are a part of history, but the USA is still playing the mass murder game.
And as always, the peaceful majority is irrelevant.
And as always, the peaceful majority is irrelevant.
They’re too busy working and paying bills to get involved.
Apparently, sometime during the past two weeks, a very significant portion of the subway in Washington, DC, was shut down for “electrical maintenance”.
Like anyone believes that.
In a police state full of gullible dipschitz, I’ll wager nearly everyone believes it.
Actually, ALL of the subway was shut down last Wednesday to conduct inspections on a particular type of cable box. There had been two instances of those types of cables failing in the past year, including one smoke fatality. The new manager decided on an immediate shutdown. They found some faulty cables and are conducting further inspections. I’m just glad they did it before the tourists arrived for the Cherry Blossom festival.
No conspiracy theories needed; there are enough problems on Metro without them. (although it wouldn’t surprise me if they did some security sweeps too.)
Thanks Oxide.
Must have found a Reptilian base down there. Subway systems do not require maintenance.
C.H.U.D.S, man.
http://giphy.com/gifs/80s-1980s-chud-Msuj5c95MbWs8
They got a new guy running things, and he shut it down for a day and made the employees inspect the electrical cabling. This is because a while ago a train got stuck, the power cables smoldered and some people got sick on the train (and a weak one died.)
Perhaps a display of power, but doing the right thing. The system hasn’t been maintained well and is failing often. From what I’ve read a ton of workers are union, and friends family and relatives, and are lazy check collectors so the system is a mess.
Maintenence is socialism!
Thanks, Ethan.
The largest subway system on the planet has run round the clock for 110 years without shutting down.
Nice try kids.
Bill Clinton: Hillary can ‘put the awful legacy of the last eight years behind us’
By Dan Merica, CNN
Updated 12:27 AM ET, Tue March 22, 2016
http://www.youtube.com/watch?v=KVbr37_yPeY - 289k -
Speaking of, and for those who missed it from late yesterday:
Comment by Ben Jones
2016-03-21 21:29:53
‘That may well be preferable to many of the establishment GOP…Perhaps their stand-in wins no states, but like Perot, throws the election to Hellary. That may well be preferable to many of the establishment GOP’
And to you Oddfellow. You are a 1%er supporter hypocrite of the first order. You suck dude.
I’m actually a Bernie supporter with an interest in politics, history, and current events.
It’s Ron Paul who’s speaking against Drumpf, I’m just following the story, pondering where it may lead…
Barney supporter? Makes you at least a Major in the FSA. Major Suck Dude.
mcafee to the rescue?
Maybe Trump will institute a flat tax or cut corporate tax rates via executive order. If you can ignore the immigration law and order an agency to not enforce them via executive order, you can do the same with tax laws and the IRS.
Maybe Trump will tell you all to eff off. You are all digesting worshippers. No better than the worshippers who put Obummer into office. And yet you say you are all different from stupid Obummer worshippers. Good grief.
Well not really. Those worshippers tasted a lot better going down than coming up.
..”disgusting worshippers.”
Oxide, ever hear of a feature called “predictive text?”
Gee gosh I never heard of such a thing in my life. What EVER is predictive text? Is that something like autocorrect?
/wide-eyed innocence.
Mellow out Bill. That was funny.
Dollar Bill is in the throes of a demagogue rapture.
“[Ron Paul] continued, “Trump is going to be the most efficient [at] using the executive orders. He’ll say this is the way it is, you know.”
“Obama was pretty arrogant: ‘If you don’t do it, Congress, I’ll write an order,’ ” Paul said, mimicking the president. “Well, I think Trump [will] be 10 times worse on writing orders because he’s used to doing this, and he brags about it.
“He wants to be the boss. I’m not looking for a boss.”
-Washington Examiner article linked above
Trumplings want a boss. They don’t know how to take care of themselves, and crave a daddy figure to lead them to the promised land.
Little do they know, daddy holds them in contempt, and there is no promised land.
He’s a real Mr. Meanie-Pants.
One day soon, he’s going out for a pack of smokes and never coming back.
Trump will pick up the neocon playbook and run with it. It’s already started. He’s no 1% puppet…. He is the 1%, bringing you lies directly.
Maybe Trump will give everybody a pony! OMG!
That’s Barneys racket. Free everything for everybody (who doesn’t work).
“Stock markets fall after Brussels blasts”
Now that [is] serious… time to do something.
Oh, heck YEAH, we can’t have that now, can we?
“… time to do something.”
Refinance your mortgage? Take out a second? Do a reverse mortgage?
What?
Can I just say that you are an awesome addition to HBB.
What?
Go shopping!
do something
Twisters (the set of Pollo Loco in Breaking Bad, btw) sells a delicious pulled pork breakfast burrito. I could eat about three of those right now, LOLZ.
“I could eat about three of those right now, LOLZ.”
Do it! Do it now, and do on credit!
The Lordover Goon would gladly eat a bucket of pulled pork on Tuesday if he could pay for it on Wednesday.
I think he prefers that over hand picked chickens and grass fed raspberries.
“the set of Pollo Loco in Breaking Bad”
Los Pollos Hermanos
Current banner ad on HBB for credit score monitoring service:
http://www.equifax.com/premier495/DSP2/
The only thing credit scores affect in my life are auto insurance rates, which should be illegal. If you have to borrow to buy something, you can’t afford it…
My credit watch subscription says all three of or credit check conglomerates give me a score of 800. But why would a 57 year old take out a home moaner loan?
You have to borrow to get a college degree or a graduate degree. This gets you used to borrowing early.
That’s only if you don’t a rich uncle who will pay for it.
Now I would argue that it is reasonable to borrow for durable goods. But the loan should ALWAYS be a shorter term than the object. Even when you account for maintenance costs….
Current banner ad on HBB for credit score monitoring service:
I read that quickly and thought that you wrote credit scare. Maybe it applies to some people who are worried about the their score falling.
“The only thing credit scores affect in my life are auto insurance rates, which should be illegal. If you have to borrow to buy something, you can’t afford it…”
Why? Statistically people with high credit scores tend to have better driving records. I tend to drive like I borrow - well. And I have a very high credit score and an excellent driving record, and don’t think that’s a coincidence. Now, is very 800+ an excellent driver? No. Is every 550 a horrible driver? No. But it’s one more thing for the company to look at - same as sex, occupation, and age. Underwriters have to look at something besides your smile.
I remember when foreign investment in an American presidential campaign was considered a scandal of the highest order.
New York Times reports on Libertarian candidate Gary Johnson:
http://mobile.nytimes.com/2016/03/22/opinion/campaign-stops/live-free-or-trump.html
I’m going to flip a coin to decide voting Libertarian or Green Party.
The sun will rise tomorrow, LOLZ.
2
Is tomorrow “1″ the day of “the event” or is it the next day “0″ ?
Yes.
Clever. Which?
Right.
“Whose Bright Idea Was It To Show A Naked Melania Trump In An Attack Ad?”
http://www.zerohedge.com/news/2016-03-21/whose-bright-idea-was-it-show-naked-melania-trump-attack-ad
Jealous rage. Mr. Trump has a smokin’ hot wife, a squad of sexy strumpets and stack that makes a millionaire look like a Debt Donkey.
Can’t ya just see it? I’m tellin’ ya, maybe some of the ladies will get a clue and shed some adipose. That right there could do wonders for the obesity epidemic.
Sure beats the heck out of Michelle hopping around with a bunch of grammar school kids and serving up green slop in the cafeteria. Not to mention Cankles in a pantsuit.
I’ll take the man with the funny hair!
“I’ll take the man with the funny hair!”
Feeling the Bern, Palmy?
Isn’t a squad of sexy strumpets what nearly got Bill Clinton impeached? I guess it’s different for Trump and for Bunga Bunga.
Molesting an intern got Clinton canned.
Have you seen Billy Boy’s taste in women?
Don’t care about that or the Leering Lewd back in the Whitehouse.
One can only imagine what kind of shenanigans would result.
You’ll find out in 10 months.
Rusty….. Donald Trump is your next President Of The US. Get over it and get on with your life.
Have you seen Billy Boy’s taste in women?
Bubba was just going back to his roots.
More to the point, has anyone seen Hillary’s taste in women? NTTAWWT
“It is self-evident that no number of men, by conspiring, and calling themselves a government, can acquire any rights whatever over other men, or other men’s property, which they had not before, as individuals.” Lysander Spooner
An open borders activist certainly attempts to do exactly this.
Nope. Ina voluntaryist society there is no tax, so you would not be forced to pay for people no matter which part of the globe they originate. Dream again moron.
ARRRGH! From the Washington Post.
In the long-term, renters who can’t afford to become homeowners also postpone the ability to create wealth through housing, which could impact other financial decisions later in life. Housing doesn’t create wealth u nless your are building it. It can and historically has been a reasonable STORE of wealth, since you have to pay for a place to live anyway. But it doesn’t build wealth any more than any other form of consumption. Did people learn NOTHING from the RE bubble and crash?
This was from an otherwise reasonable piece on growing affordability issues for first time home buyers. https://www.washingtonpost.com/news/wonk/wp/2016/03/22/why-it-seems-impossible-to-buy-your-first-home/
Investing in the S & P 500 inde fund over your career earns an annual gain of 7% over that a house value would gain. Most people don’t want to know that fact.
S & P 500 inde fund over your career earns an annual gain of 7%
Switched over to Warren Buffett’s way of thinking now that you’ve inherited? Whatever happened to once in a lifetime credit bubbles, and the whole sh!thouse going down?
Just a trustafarian rap?
Again, I am not goon. I inherited a small sum of money in 2001. It was less than my annual AGI in those days.
Sorry, I can’t keep the names straight sometimes. I blame imperial IPA.
Does that calculation include the cost of renting housing if you don’t purchase it? The biggest economic return of buying a house is HOUSING. And it’s paid in kind.
What they learned from the recent housing bust is that if you overpay for housing, only to soon find yourself underwater, DC will come up with bailouts to make you whole. Housing is the best investment, thanks to unwritten free federal insurance against loss.
I seem to recall reading that getting one of those special HAMP, or whatever they were called, loans was an exercise in futility. I recall stories about paperwork being lost repeatedly or people being turned down for the flimsiest of reasons.
Now the TBTF banks, they got their bailouts.
but it doesn’t build wealth any more than any other form of consumption.
Then whence all those earnings from “imputed rent?” Is that not building wealth?
What if I pay $1000 for a mortgage, while the going rent for an equivalent property is $1500, and invest the $500 in a Roth IRA? How is that not building wealth?
It’s earning the $1500 that is building wealth.
And it is the paying of interest for decades on a house that is overpriced that dissipates it. The housing bubble has sucked away the best part of millions of people’s lives.
“It’s earning the $1500 that is building wealth.”
In my 1% interest savings account, or the wall street casino?
Not reality. You’d have to shell out another $1000 for the taxes, insurance and depreciation.
And on what planet are rents 50% higher than a mortgage payment?
You lose $9000 a month owing a house, every house. You cant sell it ever, it is like my 15 yr old truck, what are your losses? How can you even get up in the morning?
Gotta go shovel snow.
Prices are too high. Losses are multiplied when you pay too much.
It’s fun to get up in the morning when you don’t have to tow a debt cart.
Payments are payments, everyone needs shelter.
Dont fear debt, just be smart about it.
The problem with that is the payments are double when you buy it.
maybe with zero down, bad credit and a really bad deal in some areas.
smart people win.
Losses to depreciation, taxes, insurance and price declines from grossly inflated levels are there irrespective of down payment.
Math my friend. Math.
That’s not building wealth because you are consuming it. The imputed rent is the biggest divedend of ownership, but it isn’t building wealth because unless you’re renting out rooms you consume all of it.
Irrespective of self-consumption, the total carrying cost far exceeds the imputed rent at current prices and at anytime in the last 15 years. There is no way around this mathematical fact.
Let’s see.
Morning cup of coffee - check.
Brussles airport and train station blown up by mooooslims - check.
Checking my privelege before I head to a Trump rally - check.
Trumple on, you crazy trumpling.
Join us, Russ! You know you want to.
As fun as it is to rage at the machine, I don’t want to be among the booboo faces when the full truth comes out.
I’ve had boo-boo resting face for years, nothing changes for me.
Have obama and dem politicians apologize and declare the muslim terrorists don’t represent islam… check
I am still waiting for the Catholic churches apology for the molesters.
And I’m still waiting for Paul Ryan and the House of Reps to repudiate Dennis Hastert and strip him of his old title.
Don’t hold your breath.
BloombergPolitics
Trump and Clinton Clash After Brussels Attacks
The U.S. presidential front-runners clashed over interrogation techniques and whether to stop foreign Muslims from entering the country.
Ben Brody
March 22, 2016 — 5:22 AM PDT
Updated on March 22, 2016 — 11:17 AM PDT
Obama: Brussels a Reminder the World Must Unite on Terror
In the wake of a series of deadly terrorist attacks in Brussels on Tuesday, the U.S. presidential front-runners clashed over interrogation techniques and whether to stop foreign Muslims from entering the country.
“If they could expand the laws, I would do a lot more than waterboarding,” Donald Trump said Tuesday morning on NBC’s Today. “I am in the camp where you have to get the information, and you have to get it rapidly.”
The Democratic presidential front-runner, former Secretary of State Hillary Clinton, slammed the idea later on the same program.
“Our country’s most experienced and bravest military leaders will tell you that torture is not effective,” said Clinton, a Democrat who served under President Obama. Law enforcement and intelligence agencies “don’t need to resort to torture but they are going to need more help.”
…
I would do a lot more than waterboarding,” Donald Trump said Tuesday morning on NBC’s Today. “I am in the camp where you have to get the information, and you have to get it rapidly.”
Remember, he’s just saying that, he doesn’t really mean it!
Goon - this……
http://www.theburningplatform.com/2016/03/22/the-rule-or-ruin-republicans/
And now, a word from our sponsor: housing!
http://www.denverpost.com/realestatenews/ci_29668566/metro-denver-short-starter-homes
In Denver, no house for you!
And Denver prices rose 10% in 2015.
What could possibly go wrong? Everyone wants to live in Denver, right?
I can say without reservation that I’d rather live in Denver than Anchorage. My god what a pit this place is.
What’re ya doing up there, if you don’t mind my asking? Nothing specific, mind you, just curious how you ended up there.
Mom had a stroke. Have been living in the hospital defending her from the indifference of our “healthcare” system.
Aw, geez, I’m sorry. Aside from your rapier wit, I knew there was a reason I liked ya, despite the political divide. Been there, done that, and had to spend time in a place I wasn’t fond of, for a similar reason. I’m not the prayin’ type, but you have my well wishes.
I appreciate your wishes much more than entreaties to a non-existent sky wizard.
Are you sure?
Denver, CO Housing Market Implodes; Prices Crater 10% YoY As Sellers Flood Market
http://www.zillow.com/hampden-denver-co/home-values/
Remember….. A ‘housing recovery” is falling prices to dramatically lower and more affordable levels by definition.
rent for half the cost of owning?? (it’s a mobile home!)
http://slo.craigslist.org/apa/5482284684.html
It’s probably a $400,000 mobile home….and it’s only that cheap because it’s in Paso.
30 mins from paso out in the heat and lake at 30%. they sell for under $200k
$189k http://www.century21.com/property/4395-valley-lane-paso-robles-ca-93446-C2124472406?g=0
Might as well be Central Valley.
Less people, cleaner air, no valley fever.
But no jobs too.
More proof just how grossly inflated prices are. Rent for half the monthly cost of buying. Buy later after prices crater for 65% less.
“Realtor Charged With Terroristic Threatening Fails To Make Court Date”
http://katv.com/community/7-on-your-side/realtor-charged-with-terroristic-threatening
Drumpf, wrong again: http://finance.yahoo.com/news/donald-trump-america-is-poor-183742774.html
but the sheeple believe.
Nothing says speaks poverty more loudly than $19 Trillion in debt, record unemployment at 38 year highs and fixed, rigged and bottlenecked prices at grossly inflated levels.
The only way the sheeple will be fulfilled is when everybody has more than everybody else.
Waterboarding for everyone!
To prevent a Brussels or San Berdoo?
What if it turns out that Trump isn’t just making all the horrible proposals to attract media coverage, but really means to implement them?
I can’t recall the name of that law of political science which states that the more heinous the policy proposal, the higher the probability it will be enacted?
Hillary slams Trump for suggesting waterboarding:
Torture would be an ‘open recruitment poster for more terrorists’
By Nikki Schwab, U.s. Political Reporter
For Dailymail.com
18:57 22 Mar 2016, updated 21:33 22 Mar 2016
Hillary Clinton criticized Donald Trump for immediately suggesting waterboarding when asked how he would treat terrorism suspects in light of this morning’s attacks in Brussels.
‘Our best and bravest intel and military leaders will tell you torture’s not effective,’ Clinton said during an interview on Good Morning America. ‘It puts soldiers and increasingly our own civilians in danger.’
Torture, Clinton implored, would be an ‘open recruitment poster for more terrorists.’
…
https://www.reddit.com/r/explainlikeimfive/comments/4bh8pg/eli5_why_is_greece_in_so_much_debt/
lol@donk
Any minute now, and we’ll see how Arizona goes.
They will most certainly trumple.
Yes, we did! McStain is crying like a little b*tch.
“Oh, no, not in MY state.”
McCain lost all my respect when he hitched his wagon to caribou Barbie. He can sink no further.
What took ya so long?
In honor of Arizona, a little tune from the great Mark Lindsay:
https://www.youtube.com/watch?v=LfqKS3ENYBQ
crushing.housing.losses.
From the Don’s twitter feed:
“Lyin’ Ted Cruz just used a picture of Melania from a G.Q. shoot in his ad. Be careful, Lyin’ Ted, or I will spill the beans on your wife!”
Aw, geez, Don, spill it already.
Never mind. She had a little episode about 10 years ago. No biggie. I don’t like Ted nor her, but everyone’s entitled to a dark night of the soul.
Little episode of what?
What’s mr trump’s surveillance state got on YOU palmy?
Well, on to Utarrh, which will likely go for Cruz. Because Mitt wants to re-run the Romney-Ryan ticket.
I don’t see how Cruz winning Utah leads to Romney-Ryan.
However, speaking hypothetically, wouldn’t Romney-Ryan have a better shot at trumping Hillary than any combination of Republicans actually in the race?
Waterboarding, building a wall on Mexico’s border, banning Muslims, and killing innocent family members of terrorists are all bad ideas designed to appeal to stupid voters.
Do you plan to vote for the stupid platform?