August 20, 2016

A New Dynamic After Years Of Frenzied Bidding

Realtor.com reports on California. “To its neighbors in the San Francisco Bay Area, the city of Vallejo, CA, has long been known for several things. There was the notorious bankruptcy in 2008. There was the ignominious honor of ranking No. 9 on the Forbes list of Most Miserable Cities and No. 2 on Newsweek’s of Dying Cities in the same year (2011). There was the abandoned Mare Island Naval Shipyard, the violent crime, the squalor, the shuttered homes, the hopelessness. One thing Vallejo was not known as: the next trendy place for Northern Californians to buy a house and raise a family. The Mare Island Brewing Co., which opened in 2013, is doing so well that it plans to break ground on a larger facility on the island this fall.”

“‘Our taproom is so busy that we can’t keep up,’ says Kent Fortner, the microbrewery’s founder/owner and a proud Vallejo resident. He’s seeing an influx of refugees from other, pricier Silicon Valley hubs. ‘It’s headed upward. You can feel it,’ says Fortner. “Everybody I know is relandscaping their lawns, doing a small remodel … or they’re actually thinking of buying a second home on the island as an investment to rent out.’”

The Merced Sun-Star. “The number of housing starts in Merced County more than doubled in the first half of 2016 compared with last year, the biggest such increase in the central San Joaquin Valley, according to Metrostudy. The Westside is seeing even more interest from developers as the Bay Area is short on available housing, which is also considerably more expensive than Valley living. ‘The same exact home being built in Hollister is literally half (the price) in Los Banos,’ Los Banos’ senior planner Stacy Souza Elms said.”

“That side of the county was in a similar predicament before the bottom of the market fell out.”

From CNBC. “The housing market in Silicon Valley is ‘looney-tunes,’ real estate broker Fred Glick said. That’s because it’s all about supply and demand, with people flooding to the area from around the world. ‘We just keep adding people like crazy and we can’t get enough supply. That’s why people have to share houses. That’s why renters know that they have to pay an exorbitant amount of money,’ the CEO of real estate brokerages Arriva and U S Spaces said.”

“One thing that won’t impact the market will be if mortgage rates rise, he said. ‘Mortgage rates don’t matter because the way it is, you are thrilled to be a mortgage,’ he said, noting that it is a nightmare getting mortgages approved. ‘If the rates go up, people take a five-year ARM instead of a 30-year fixed,’ he said.”

The San Francisco Chronicle. “Last year, as anyone looking for an apartment knows, we saw huge rent increases, with double-digit jumps throughout much of the Bay Area. But 2016 is a different story, with an average rent growth of only 3.7 percent projected for the San Francisco metro area this year, according to research from AppFolio. after years of slow apartment development, San Francisco is actually expecting to see over 9,000 new units come to market in 2016, according to research from RentCafe. That boosts rental inventory by 126 percent over 2015’s numbers, according to the rental site.”

“AppFolio’s VP for Product, Nat Kunes pointed to data from earlier this year showing that Class A rentals (the buildings with rents at the top 20 percent of the market) in the city started their downward trajectory last summer, and bottomed out with actual rent decreases at the end of 2015. They are now up slightly, but Class A rentals in San Francisco are still well behind their less-expensive counterparts in rent growth.”

“That is a very interesting trend, especially given that most of these Class A rentals do not fall under the city’s rent control laws because the vast majority were built after 1979. ‘Additional supply at the top of the market is one factor behind the overall slowing of rental growth,’ Kunes said.”

“That being said, Foley points out that about a third of the San Francisco market is not willing to pay any more money for their apartments, which may account for some of the softness in the market as well. ‘Despite living in one of the hottest and most competitive rental markets in the country, one in three renters are willing to roll the dice with looking for a new apartment or simply giving up the bright lights and big city,’ he said.”

The Mercury News. “Faced with famously high prices and a tight housing supply, homebuyers grew shy last month. Across the Bay Area, single-family home sales in July fell 13.4 percent from the year before — the fifth consecutive month of year-over-year declines in the number of houses sold. ‘The market is slowing,’ said Andrew LePage, research analyst for CoreLogic.”

“The picture was similar on the Peninsula and in the East Bay: For the sixth straight month, year-over-year sales fell in Santa Clara, Alameda and San Mateo counties, where home sales were down 14 percent, 12.1 percent and 3.6 percent, respectively. In Contra Costa County, sales declined for the fourth consecutive month, and were down 16.9 percent. ‘Four, five and six months in a row — that starts to make a trend,’ LePage said.”

“For much of the Bay Area, July prices were down from the previous month. While a short-term change doesn’t necessarily signify a trend, many experts agree that the market has softened in recent months.”

“‘The market is in a bit of a transition,’ said Kim Ott, president of the Bay East Association of Realtors. ‘Sellers should still be in good shape as long as their agents are educating them: ‘Expect your home to be on the market for a longer period of time. … Do not expect multiple offers.’ We need to be conservative when we price the house. We can’t go aggressively high, because it’ll just sit there.’”

“Pleasanton-based agent Steve Mohseni, of Mohseni & Associates, has observed a new dynamic after years of frenzied bidding. ‘There’s a tug of war between the buyer and the seller. Due to this slowdown, buyers feel that the market is shifting and want to get a discount,’ he said. ‘But sellers still feel they should get their 10 percent over asking. It’s creating a gridlock.’”




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137 Comments »

Comment by Ben Jones
2016-08-20 16:39:30

‘Foley points out that about a third of the San Francisco market is not willing to pay any more money for their apartments, which may account for some of the softness in the market as well.’

Note to the writer; you didn’t tell us who Foley is.

Comment by azdude
2016-08-20 16:49:12

all the bay area equity is coming back to the valley again, pricing out local working at walmart.

People from the bay area are special.

Comment by TheCentralScrutinizer
2016-08-20 17:56:42

When I was looking for work a few months ago, seemed like all the new jobs were down around Mountain View. It’s kind of meh down there… like a run down Irvine.

Comment by azdude
2016-08-21 05:23:58

If I was young out of college I would get a nice tent a live rent free in the redwoods to save money down there.
You could save 2000/ month. Then escape to another state and have a nice down payment or cash to buy.

What I notice is so many people pay > 50% of their after tax income to rent they never can get ahead. Wage slaves and live paycheck to paycheck.

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Comment by The Central Scrutinizer
2016-08-21 07:11:10

I was living in a pretty nice, if small place while I lived in SF. Was still able to bank 3k a month. You just gotta have that income to make it work there.

 
 
 
 
 
Comment by Avg Joe
2016-08-20 16:44:32

I travel there for business all the time and can’t believe the state of things. Why anyone would waste money on that place is beyond me.

 
Comment by Ben Jones
2016-08-20 17:08:45

‘Expect your home to be on the market for a longer period of time. … Do not expect multiple offers.’ We need to be conservative when we price the house’

Cookies. Fresh cookies.

Well this is all very interesting. From dozens of offers, to a few to none.Here’s the big problem as I see it:

‘after years of frenzied bidding’

This was slowing down in many markets, including this one, in fall 2014, into February 2015. Then it took off like crazy again. (Heck of a job Mel). Along the way we don’t hear the old line, “the markets went too far down, it had to shoot up double digits for a couple years.” Why, because we’ve exceeded the bubble prices, so they had to get a new routine:

“There was nothing dangerous about the bubble prices; just how we got there.”

I’m thinking the crash will be a lot worse than if this thing had run out of steam in early 2015.

Comment by Professor Bear
2016-08-20 18:04:38

One problem is that aside from a few permabear bloggers who noticed that the bubble never really bottomed out in the aftermath of the 2007-08 episode plus, apparently, the editors at The Economist magazine, the rest of the world has the mistaken belief we are out of the woods and real estate can only go up from here on out.

Comment by Ben Jones
2016-08-20 20:39:32

‘permabear bloggers’

I participated in buying more housing units from 2010 to 2014, which yield double digit returns, than you will ever buy in your life. And I will be buying everything I can in the apartocaplyse.

Comment by Professor Bear
2016-08-20 20:43:12

That was meant as sarcasm, not as a slight.

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Comment by azdude
2016-08-21 05:02:06

buy low sell high?

 
 
 
 
 
Comment by Professor Bear
2016-08-20 17:55:08

“One thing that won’t impact the market will be if mortgage rates rise, he said. ‘Mortgage rates don’t matter because the way it is, you are thrilled to be a mortgage,’ he said, noting that it is a nightmare getting mortgages approved. ‘If the rates go up, people take a five-year ARM instead of a 30-year fixed,’ he said.”

Would that be the no-down, low-doc, neg-am flavor of ARM he is talking about?

Comment by azdude
2016-08-21 05:19:39

sounds like he doesnt know wtf he is talking about does he? I notice a lot more “Real estate investor seeks apprentice” signs around town. I even saw one on someone car the other day on back window.

They are going to have to print a lot more cash to mop up the next bubble which seems to be the plan.

Comment by GuillotineRenovator
2016-08-21 08:38:52

“Real estate investor fraudster seeks apprentice straw buyer”

Fixed.

 
 
 
Comment by palmetto
2016-08-20 19:58:55

I apologize in advance, I know we’re trying to stay on topic with housing here, but CNN has reached peak cognitive dissonance. Check out this headline:

“Trump wants GOP to court black voters — then slams voting rights for felons”

http://www.cnn.com/2016/08/20/politics/donald-trump-african-american-voters-virginia-voting-rights/

Comment by Professor Bear
2016-08-20 20:42:12

Uh…did you mean to say Trump has reached peak cognitive dissonance?
Because it seems that CNN was just reporting what Trump himself said. Though I doubt this is anywhere near the peak…

Comment by Ben Jones
2016-08-20 20:46:15

I’ve noticed you never criticize Clinton. So who are you voting for?

Comment by TheCentralScrutinizer
2016-08-20 20:54:51

Clinton? What Clinton? According to the news, there is only Trump.

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Comment by Ben Jones
2016-08-20 21:03:58

Who are you voting for? It’s interesting because the ballot doesn’t say who you are against, but who you vote for. And then we don’t need to hear any more about it do we?

 
Comment by The Central Scrutinizer
2016-08-21 07:13:11

I’m not voting period. I refuse to participate in this farce.

 
 
Comment by Professor Bear
2016-08-20 20:59:04

I’m voting for neither Clinton nor Trump.

There are plenty of highly capable and very active anti-Clinton posters here, while everyone seems quite infatuated with Trump. It’s in my nature to level playing fields and deflate manias.

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Comment by Ben Jones
2016-08-20 21:09:44

That’s not what I asked. Who are you voting for? Why are you wasting my bandwidth if you don’t have the courage to take a stand? I’ve made it clear you aren’t changing any minds on this blog. If you aren’t willing to say who should be president, maybe you should listen instead of speaking.

 
Comment by redmondjp
2016-08-20 23:43:01

Thank you, Ben!

Not that it matters, but I’m voting for Trump. I have no illusions whatsoever that he is a good candidate. But he is not Hillary and he has a real chance of winning (unlike whoever is filling the Tiny Tim/Nader/Perot spot this election). And if he makes good cabinet picks, it could change our course a bit.

The most important issue is the Supreme Court nomination(s). But Trump is not nearly as conservative as he is made out to be, so who knows, his picks may not be that much different from Hillary’s.

My tinfoil hat theory is that he is only acting as a candidate, just like he acted on his reality show - this whole thing is Kabuki theater to keep up the pretense of a democracy and we’re going to get Hillary no matter what (if she doesn’t have a grand mal seizure or a massive stroke first).

I think our country is hosed no matter who wins, thanks to our globalist overlords (exhibits A and B: Henry Kissinger and George Soros). I don’t know what we can really do about that.

Now, back to housing . . . in my area east of Seattle, I went out to dinner at a Chinese Dumpling place in Bellevue (, ROC) tonight (menu printed in Chinese and English). It was absolutely packed, and probably with about 90% Asians who all seem to drive late-model Audis and BMWs. It will be interesting to see if the Vancouver, BC foreign buyer tax will cause even more Chinese investment in our area instead.

Three of the four new $1M+ homes behind me have now sold, with the final one at $1.45M or so. I was watching the Meteor shower for three nights and kept seeing lights go on and off in one that I thought was still for sale - turns out, they hadn’t updated the sign! The weird thing is, while peeking in the windows (as a concerned neighbor of course), I think they still have the staging furniture in the house - so maybe they made a deal to have that included with the sale.

I’ve been seeing a lot more open-house signs in my neighborhood than I have in the past 10 years or so. It is close to the end of high season, house-wise, as that peaks in July, as people want to be moved in before the new school year starts.

We’re starting to see more Dot Com 2.0 startups start to do layoffs - not huge ones, a few dozen employees here and there. Don’t think it will have much effect on the overall housing market, but could it be the trickle from the leaky dam? Time will tell.

 
Comment by palmetto
2016-08-21 06:21:36

“I think our country is hosed no matter who wins, thanks to our globalist overlords (exhibits A and B: Henry Kissinger and George Soros). I don’t know what we can really do about that.”

I don’t think Kissinger is much of a threat anymore, although we are still dealing with the results of some of his past actions.

As to the other, recent hacks have shown the mind-boggling scope of international interference by “foundations” and NGOs and although it looks bad, the data itself contains plenty of clues about what can be done. Interesting to note was one of the complaints by Soros about the lack of Obama’s involvement in one of his “initiatives”.

 
Comment by palmetto
2016-08-21 06:38:58

Also, just because an organization is “big”, doesn’t mean it can’t fall and fall fast. It’s like a huge old oak tree that is rotten at the core.

 
Comment by MightyMike
2016-08-21 07:59:09

I went out to dinner at a Chinese Dumpling place in Bellevue (, ROC) tonight (menu printed in Chinese and English). It was absolutely packed, and probably with about 90% Asians who all seem to drive late-model Audis and BMWs.

So was the food good there? Some people say that those are indications that you’re at a good Chinese place.

 
Comment by scdave
2016-08-21 08:04:34

(if she doesn’t have a grand mal seizure or a massive stroke first) ??

Enter stage right Joe Biden…I personally think she should have asked him to run as VP..

That’s not what I asked. Who are you voting for ?

I am voting for Clinton…Pretty easy choice really even with all her warts…Plus you get the 8 years of experience with Bill…Trump is a reckless bigot….

 
Comment by phony scandals
2016-08-21 08:19:52

I’m glad to see the meetings are paying off Mighty.

 
Comment by scdave
2016-08-21 08:26:49

And if he makes good cabinet picks, it could change our course a bit ??

Good picks ?? Just look at the people he has surrounded himself with…

 
Comment by MacBeth
2016-08-21 08:33:29

SCdave,

What differences do you perceive between Hillary Clinton and George W Bush?

Just curious, given your intense dislike for the latter.

I really do not understand. NeoCons and the Koch brothers flocking to Hillary, yet you disliked Bush and plan to vote for Clinton.

I see VERY little difference between the Bushes and the Clintons, no matter what combination of either anyone chooses to reference.

Aren’t you tired of the empire/dynasty building both here and abroad?

 
Comment by scdave
2016-08-21 09:09:09

I will try and respond theist I can;

What differences do you perceive between Hillary Clinton and George W Bush ??

Well, you can see in her VP pick the difference as compared to Bush…You got to agree that the period between 1992-2000 was not to bad…I believe Bill will have a significant impact on Hilary’s policy decisions…Unlike a loose cannon like Trump…

Just curious, given your intense dislike for the latter ??

I lost a brother and many friends in Vietnam…I don’t take manufactured elective wars very well…You got to experience the two military men knocking on the front door to truly understand…

Aren’t you tired of the empire/dynasty building both here and abroad ??

Yes I am…I wish I had someone that I could vote for that is a alternative that could win…I donated money to two people this cycle…Bernie & Katich…

Keep in mind I was a republican for 30 years before I switched in 2000 after Bush’s election…I smelled that rat a mile away and I was proven correct…I blame him and All the hate filled radio & FOX during Bush’s 8 years with no push back from Bush for the rise of Trump…IMO, you are seeing the manifestation of that right now….

 
Comment by In Colorado
2016-08-21 10:30:17

I went out to dinner at a Chinese Dumpling place in Bellevue (, ROC) tonight (menu printed in Chinese and English). It was absolutely packed, and probably with about 90% Asians who all seem to drive late-model Audis and BMWs.

Every single one of them leased.

 
 
Comment by Professor Bear
2016-08-20 21:06:48

Comment by measton
2010-04-29 08:57:08

Former President Bill Clinton enthusiastically weighed into the blistering national debate on immigration today with a resounding assertion that America needs more immigrants — not fewer — to ensure its long-term fiscal future.

Really with 10% unemployment this is your plan.

The balls all T’d up.

Reply to this comment
Comment by Professor Bear
2010-04-29 09:08:29

Who cares if they are illegal and don’t pay any taxes — we need more immigrants! If Hitlary gets elected president, we are sure to get lots more, too…

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Comment by azdude
2016-08-21 05:08:55

GOLD ALWAYS WINS! JUST WIN BABY!

https://www.youtube.com/watch?v=-ZESpdAwlog

 
Comment by Ben Jones
2016-08-21 06:01:58

‘Rules for Radicals: A Pragmatic Primer for Realistic Radicals is the last book published in 1971 by activist and writer Saul D. Alinsky. Though published for the new generation of counterculture-era organizers in 1971, Alinsky’s principles have been successfully applied by numerous government, labor, community, and congregation-based organizations, and the main themes of his organizational methods that were elucidated upon in Rules for Radicals have been recurring elements in political campaigns in recent years.’

‘Alinsky would find an external antagonist to turn into a “common enemy” for the community within which he was operating. Often, this would be a local politician or agency that had some involvement with activity concerning the community. Once the enemy was established, the community would come together in opposition of it.’

“Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions.’

“Keep the pressure on. Never let up.” Keep trying new things to keep the opposition off balance. As the opposition masters one approach, hit them from the flank with something new.’

“The threat is usually more terrifying than the thing itself.” Imagination and ego can dream up many more consequences than any activist.’

“The major premise for tactics is the development of operations that will maintain a constant pressure upon the opposition.” It is this unceasing pressure that results in the reactions from the opposition that are essential for the success of the campaign.’

“If you push a negative hard enough, it will push through and become a positive.”

“Pick the target, freeze it, personalize it, and polarize it.” Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions.’

‘Much of the philosophy of community organization found in Rules for Radicals has also come under question as being overly ideological. Alinsky believed in allowing the community to determine its exact goal. He would produce an enemy for them to conflict with, but the purpose of the conflict was ultimately left up to the community. This idea has been criticized due to the conflicting opinions that can often be present within a group.[7] Alinsky’s belief that an organization can create a goal to accomplish is viewed as highly optimistic and contradictory to his creation of an external antagonist. By producing a common enemy, Alinsky is creating a goal for the community, the defeat of that enemy. To say that the community will create their own goal seems backwards considering Alinsky creates the goal of defeating the enemy. Thus, his belief can be seen as too ideological and contradictory because the organization may turn the goal of defeating the common enemy he produced into their main purpose.’

https://en.wikipedia.org/wiki/Rules_for_Radicals

 
Comment by palmetto
2016-08-21 06:59:45

This is interesting to contemplate in the light of such NGOs as the Open Sore Foundations. So much of their work has to do with “migration”. Why? For example, there’s a story about the recent surge in “migrants” from El Salvador, because of all the violence and confusion there.

So here’s an interesting question: Why not deploy the considerable resources of the Open Sore Foundations to bringing peace and prosperity to places like El Salvador, rather than beefing up the conflict and bringing migrants to the US to destroy the society and culture? Same with North Africa, and the former satellites of the Soviet Union. Why not deploy those considerable resources to assist countries in doing well, rather than destroying them? If the Open Sore Foundations had decent goals, rather than evil goals couched in “humanitarian” language, the outcome would be quite different. However, Soros makes his money off death, decay, devaluation and destruction, and the Open Sore Foundations assist him in that goal.

 
Comment by Ben Jones
2016-08-21 07:11:57

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Comment by In Colorado
2016-08-21 07:21:01

Former President Bill Clinton enthusiastically weighed into the blistering national debate on immigration today with a resounding assertion that America needs more immigrants — not fewer — to ensure its long-term fiscal future.

This is a recent addition to The Narrative: that we can’t make it without illegals, and therefore we should make them all legal and pretty much swing the door wide open and let anyone in.

Yes, I know Bubba didn’t use the word “illegal”, but as we already know, The Narrative is that there are only “immigrants” and that their legal status is irrelevant.

 
Comment by palmetto
2016-08-21 07:31:22

You’ve made a very good point here. With the exception of some rather feeble reporting by WaPo and LAT, not a lot of lamestream media attention to these issues. And certainly not a lot of attention from people who profess to espouse democratic principles.

Much of the Trump trashing is a convenient way to deflect from the horrors that Hillary Clinton has inflicted on the planet.

She should be sitting behind bars in a pair of flea-infested Depends.

Where’s SH, CS and PB on all of this? Crickets.

 
Comment by MacBeth
2016-08-21 07:52:53

Professor Bear = Selfish Hoarder.

 
Comment by palmetto
2016-08-21 08:11:07

I’m assuming you mean that figuratively, not literally.

I have brief skirmishes with both individuals from time to time. But aside from the Trump trashing, both have something to offer as individuals.

 
Comment by MacBeth
2016-08-21 08:46:30

They have both espoused the other to a “brother from another mother”.

 
Comment by In Colorado
2016-08-21 10:33:18

“Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions.’

It only works against decent, moral people. Used against those of the other ilk (Stalin, Pol Pot, etc.), it just gets you killed.

 
Comment by The Central Scrutinizer
2016-08-21 12:14:55

I don’t know how well it “works”, but people that espouse stupid ideas invite ridicule. Now they get to act like its a conspiracy, which further confirms their stupid ideas, which invites more ridicule.

 
Comment by In Colorado
2016-08-21 14:36:14

One could argue that to this day dictators of all stripes “espouse stupid ideas”. Ridiculing the dear leader could end very badly for you.

 
Comment by Professor Bear
2016-08-21 15:35:42

“Ridiculing the dear leader could end very badly for you.”

Are you saying America is headed towards dictatorship?

 
Comment by In Colorado
2016-08-21 16:19:37

Are you saying America is headed towards dictatorship?

I said no such thing. But since it crossed your mind, I’ll assume that you believe that to be true.

 
 
Comment by MacBeth
2016-08-21 06:13:04

Shall l once again trot out the numerous saved posts that prove Professor Bear’s astute, “non-biased” political observations?

I have pages and pages of them.

I see he’s back to post/quoting The Economist as well. Just as he did several dozens of times prior to the Obama election.

BTW - when was the last time Selfish Hoarder said anything negative about Hillary Clinton? An interesting phenomenon, that. On the other hand, perhaps my censors and intuition are working overtime….

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Comment by Ben Jones
2016-08-21 06:33:51

It’s obvious that the MSM is working 24/7 to demoralize the Trump supporters. Here we are months away from the election, and the effort is to focus on the horse race instead of the issues. The polls! Oh, a swimmer lied in Brazil. The polls!

 
Comment by azdude
2016-08-21 07:05:23

it seems almost impossible to elect someone outside of the system.

 
Comment by In Colorado
2016-08-21 07:32:49

It’s obvious that the MSM is working 24/7 to demoralize the Trump supporters.

I’m not a big fan of Trump (though I plan on voting for him), but the all out effort by the MSM to shoot him down is painfully obvious, and makes me want to vote more for him even more.

Here we are months away from the election, and the effort is to focus on the horse race instead of the issues. The polls! Oh, a swimmer lied in Brazil. The polls!

Yeah, what’s with that? So some dudes (who were probably drunk) smashed a door in a gas station (and paid for it). Big whoop!

I suppose that their arrest was payback from Brazil for all the bad publicity they received over all the muggings that have been happening during the games. I don’t see what this buys Brazil, it doesn’t make me want to visit the place.

And what’s with all the rending of cloth and breast beating by the US MSM over this? I mean, who gives a rat’s tail? It’s not like these guys were state department officials or US diplomats. They were just some dumb jocks.

 
Comment by MacBeth
2016-08-21 07:50:39

I also plan to vote for Trump.

I’m not overly fond of the man, but I am in favor of:

(1) limited military escapades,

(2) the limiting/halting of international/globalist trade agreements,

(3) the cutting of taxes, especially upon those who create jobs,

(4) temporary slowing/hat of unchecked immigration, which has done several times before in this country,

(5) curtailing currency wars/breaking of currency laws by the Chinese, and,

(6) ending ObamaCare - hopefully in favor of cross-state competition (it better be, Mr. Trump).

Hillary Clinton believes the opposite, on all six points above.

I am an issues voter, not a personality voter. I don’t care if I like someone or not, just whether they do what I want them to do. They are MY servant. It is NOT the other way around.

 
Comment by palmetto
2016-08-21 08:08:19

What people have to realize is that, when attempting to reverse a decline, it’s not going to happen all at once and you’re not going to ever get perfection in candidates.

It’s like someone trying to reverse a debt cycle. Unless a person gets an inheritance, or wins a lottery or some such thing, they generally improve their situation gradually, paying things off and having less and less debt until they’re free of it.

The US has been in decline since what, the 1970s? Well, you’re not going to get a “perfect” candidate who is going to wave a magic wand and transform things overnight. That didn’t work out for Barry Soetero now, did it? And being “flawed” is part of the human condition. Some flaws are worse than others. I would submit that having a loud bragging mouth and some debt is not much compared to perpetrating death and destruction on a global scale.

Back when McCain was running against Obama, I had a discussion with a friend about the candidates and they said that a vote for either would be a vote for death and destruction, it was just a matter of how. So we resolved to go third party.

Trump would be a huge improvement over any prez since at least Bill Clinton, and probably since LBJ. Perfect? No, not even close. But even small improvements, a wall on the border to foil the Open Sore Foundations, an end to nation building, reducing military conflicts, dumping false allies etc. These are improvements and you make a start and then build on the smaller improvements until you get the bigger ones. If we do this, we just might be the first country in history to reverse itself out of a decline.

SH wants a libertarian utopia. OK, Trump would not produce that, fair enough. But he’d be a step in that direction from what we’ve had for decades. There would at least be a chance.

 
Comment by scdave
2016-08-21 08:33:55

(1) limited military escapades ??

Why can’t we use Nukes ??

 
Comment by palmetto
2016-08-21 08:38:44

Those are good points, MacBeth. Those are the ones I’m on board with. And you’re right, like’s got nothing to do with it.

 
Comment by palmetto
2016-08-21 08:48:06

“(1) limited military escapades ??

Why can’t we use Nukes ??”

Do you know for sure that he said that? It was a rumor, based on an “unnamed source”.

dave, hopefully you’ll never have to deal with an unfounded rumor, or something taken out of context, especially one that destroys one’s career, family, or life as a whole.

 
Comment by scdave
2016-08-21 09:12:18

Do you know for sure that he said that ??

The man has no limits to what he has or would say….

 
Comment by The Selfish Hoarder
2016-08-21 10:12:19

” when was the last time Selfish Hoarder said anything negative about Hillary Clinton?”

Hillary Clinton is a tyrant. I will ignore all unjust laws she signs in when she is elected.

Paranoid much maccy?

 
Comment by MacBeth
2016-08-21 11:25:55

“Paranoid much maccy?”

Don’t look now, Hoarder, but everyone’s out to get you.

Better hurry up and bury that precious in (someone else’s) backyard. Better buy some more BitCoin, too, just in case your precious is stolen. AND open an IRA overseas. AND hide cash in the mattress. AND have weaponry hidden. AND have 2-3 months of food stored.

Paranoid much?

Speaking of which, why have you STILL not adopted an open doors policy to your personal domicile, Hoarder? I presented that challenge all the way back in March/April, and you have yet to take me up on it.

You’re all about open borders…for everyone else it seems…so why exactly do you want to keep untold - and unidentified others - out of your domicile? It’s not as if you own that property, you simply inhabit it for a set rate.

So what’s the big deal? What harm could possibly come your way as a result of taking The Challenge?

 
Comment by Professor Bear
2016-08-21 11:56:53

“They are MY servant. It is NOT the other way around.”

Glad we have that straightened out.

 
Comment by The Selfish Hoarder
2016-08-21 16:18:01

Maccy, you still blanked out when I asked for you to take in my 40 year old obese smelly virgin nephew, an American citizen who worked one year in his life.

 
 
 
 
Comment by aNYCdj
2016-08-21 05:40:50

i dont see what the problem is? why aren’t they going into hillbilly redneck Tennessee and going after those voters? lots of felons there too

ill say it again if black people committed crimes at the same rate as white people we would never build another jail, and over time would close hundreds and lay off tens of thousands of police officers

whats wrong with striving to be like Netherlands

http://www.telegraph.co.uk/news/worldnews/europe/netherlands/12201375/Netherlands-doesnt-have-enough-criminals-to-fill-its-prisons-as-crime-to-drop.html

Comment by taxpayers
2016-08-21 09:33:53

The Dutch treet
They used to have tons of free sht

 
Comment by MightyMike
2016-08-21 10:09:30

ill say it again if black people committed crimes at the same rate as white people…

And if men committed crimes as the rate of women, 9 out of 10 prisons could probably be shut down and converted to condos.

Comment by In Colorado
2016-08-21 14:24:30

The truly scary thing is that during a bubble people would be flipping those condos.

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Comment by Senior Housing Analyst
2016-08-20 21:13:41

Santa Barbara, CA Housing Prices Crater 12% YoY

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

Comment by azdude
2016-08-21 05:46:23

central banks should buy up all the securitized auto loans when folks default.

 
 
Comment by azdude
2016-08-21 04:48:24

keep your debt score high so you can buy overpriced cars and homes.

 
Comment by azdude
2016-08-21 05:05:04

DONT FIGHT THE TAPE AND UNCLE FED!

 
Comment by azdude
2016-08-21 05:10:48

is it any big surprise 5 out of the 10 worst places to open a business are in CA?

Comment by palmetto
2016-08-21 05:55:14

I read that article, and no, it wasn’t a surprise.

 
Comment by Mike
2016-08-21 08:03:59

I don’t know where all the anti-California stuff here comes from.

All I see in SoCal is that so many people who create a very successful business in other parts of the country, end up moving it here. They want to live here. There’s been no mass exodus like some think. The tax situation hasn’t caused any such thing. SoCal is a successful business explosion.

Is it hard to start? Sure. But is it loaded with businesses that do just fine? Yes. It has an economy greater than that of France.

It’s in a real estate bubble like most places on planet earth right now. But don’t think it’s hurting for business.

And let’s not forget that California is a net creditor to the federal tax coffers as opposed to a debtor.

I like many parts of the US and never understand the sort of regionalism that’s on par with irrational jingoism. Our problems are far more macro than regional. California isn’t responsible for ZIRP or the ways that finance/real estate have strangled the economy away from real goods and services.

Comment by scdave
2016-08-21 08:14:17

I don’t know where all the anti-California stuff here comes from ??

Its internal…

 
Comment by In Colorado
2016-08-21 08:33:03

There’s been no mass exodus like some think.

Judging by the horrendous traffic jams in SoCal and the Bay Area, it would seem so. California’s population continues to grow, at least that’s what a chart I found on google shows. Of course, that doesn’t mean that people aren’t leaving, just that more people are born there and moving to California than those leaving.

This, of course, could change.

Comment by scdave
2016-08-21 08:37:24

udging by the horrendous traffic jams ??

Its as bad as I have ever seen it…Couple the amount of cars with some seriously bad drivers and you get a mess…Like the prius driver who wants to maintain 8 car lengths distance in front of him during commute hours

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Comment by In Colorado
2016-08-21 08:37:21

I like many parts of the US and never understand the sort of regionalism that’s on par with irrational jingoism.

Neither do I. When I left California friends and acquaintances told me I was crazy. I didn’t tell them they were crazy for staying, as I was sure they had their reasons for staying, just as I had mine for leaving. I just don’t get why they tried to talk me out of leaving. Do they really want more people living there? The monster traffic jams were one of the reasons I left. Plus crime and the cost of living. Do I miss the weather. Sometimes, but I don’t ever find myself pining to return.

Comment by scdave
2016-08-21 08:41:08

Do I miss the weather. Sometimes, but I don’t ever find myself pining to return ??

Most of the people I know that have left say they are happy that they did…

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Comment by MightyMike
2016-08-21 09:04:47

That reminds me of my aunt and uncle. They grew up in Queens in NYC and moved Sunnyvale in the 1970s when they were in their 30s. They were so happy there. They frequently said of the east coast, “we would never move back.”

 
Comment by scdave
2016-08-21 09:14:27

“we would never move back.” ??

Its sometimes easy to take the weather for granted here…That is, until you go spend some time somewhere else including just 50 miles away…

 
 
Comment by MightyMike
2016-08-21 09:55:55

When I left California friends and acquaintances told me I was crazy. I didn’t tell them they were crazy for staying, as I was sure they had their reasons for staying, just as I had mine for leaving. I just don’t get why they tried to talk me out of leaving. Do they really want more people living there?

You grew up in California, didn’t you? I bet most of those people moved there from somewhere else. The idea that they made a great decision and somehow improved themselves by moving to a place where everyone would like to live is somehow part of a self-esteem system that makes them feel good about themselves. It’s the most ridiculous thing.

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Comment by In Colorado
2016-08-21 14:34:23

I did as a child. Moved away and then went back to attend college. Lived there for another 10 years until I decided it wasn’t fun anymore.

Goon complains about how Denver has changed for the worse, and it has. But I would take today’s Denver over mid 1990’s SoCal, never mind today’s SoCal, which reminds me of an anecdote:

Some friends who stayed behind, the wife worked at the local elementary school in San Marcos, CA as a playground supervisor (yes, she actually got paid to do that). One day she was approached by a mid western couple. When she greeted them their response was “Thank God! You speak English!”

I suppose that if you’re well off enough to love in places like Rancho Bernardo or Scripps Ranch that California’s fantastic diversity won’t touch you as much as say in Escondido or Cholo Vista.

 
Comment by MightyMike
2016-08-21 14:48:46

I’ve heard the opposite from some white people who have left California. They move to some suburb of Kansas City or Boston and they’re disappointed that their neighborhood is nearly all white. I though that that was a little odd. Whatever color a person is, I wouldn’t have thought that it bother people to live in a place where nearly everyone looked like them.

The only conclusion is that they think that California is paradise on earth. Any aspect of any other place that differs from California must be a drawback or indication that they’ve moved to unsophisticated backwater.

 
Comment by In Colorado
2016-08-21 16:29:56

When we moved to our little burg I also noticed that it was nearly all white. Didn’t bother me one bit. That the crime rate was a fraction of what it was back in SoCal and that violent crime was unheard of didn’t bother me one bit either.

While there were things I liked about SoCal, I never thought it was “paradise on Earth”, but like I said earlier, I was told by acquaintances that I was “crazy” for leaving SoCal.

An anecdote: A few years after moving here some SoCal friends came to visit. There is an outlet mall nearby and they just had to visit it, so we went with them. Their preteen daughter lost her wallet (or whatever it’s called) with all her money in it. I suggested we go to the mall lost and found. They looked at me like I had grown a second head, but we went there anyway. Lo and behold, her wallet, with all it’s contents intact, was there. I will never forget the look of utter bewilderment on her parents’ faces. They just couldn’t believe that someone turned the wallet in and nothing was stolen from it.

 
 
 
 
Comment by The Crushin' Russian
2016-08-21 09:16:10

Given the fact that California is the poorest most impoverished state in the US this comes as no surprise.

 
 
Comment by Ben Jones
2016-08-21 06:20:09

‘Marriott was eager to get into bed with Starwood. Now some of the excitement has worn off. The $12 billion hotel megamerger is taking longer to close — thanks to Chinese authorities extending their review — and is turning out to be less enticing than Marriott had envisioned, according to sources.’

“There is a notion of remorse,” said one source close to the deal.’

‘Marriott does not own real estate and plans to sell Starwood’s roughly $2 billion of property. The longer the deal takes, the greater the risk hotel real estate prices fall. “We know we are in the last stages of the real estate hotel cycle and so the risk for them is they would be left owning real estate for an extended period of time,” said David Katz, managing director at the Telsey Advisory Group.’

Comment by azdude
2016-08-21 06:26:43

The ski resort hotels in the sierras have a nice monopoly going.

Comment by palmetto
2016-08-21 07:06:02

As long as the snow falls.

Comment by Apartment 401
2016-08-21 10:00:51

The 2014-2015 Sierra ski season was the season that wasn’t.

My last resort day in Region VIII this year was the second week of May.

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Comment by Larry Littlefield
2016-08-21 07:14:30

Labor force growth is stalling out in the Bay Area. Not because of the supply of jobs, but because people aren’t willing to move there anymore despite the availability of jobs.

It has actually gone negative in NY and LA.

https://larrylittlefield.wordpress.com/2016/08/14/the-u-s-labor-force-running-away-from-metros-with-high-costs-of-living/

With the Baby Boomers retiring, and the Baby Boom echo generation nearly fully out of school, there is a labor shortage developing among those with experience and at the entry level. Many of those who exited the labor force in the recession have either returned, or will never do so. So the increase in the labor force has slowed nationwide, and gone negative in many places — even places where employment is still rising.

So young workers aren’t compelled to live four to a room on Ramen noodles while working for an internship stipend in the hopes of someday becoming a freelancer anymore. They are not flocking to the high cost places anymore. Employment growth is about to stop as there is no one left to hire.

Comment by In Colorado
2016-08-21 07:23:14

Labor force growth is stalling out in the Bay Area. Not because of the supply of jobs, but because people aren’t willing to move there anymore despite the availability of jobs.

I get regular emails from Bay Area headhunters. I politely thank them but tell them that I’m not interested.

 
Comment by MightyMike
2016-08-21 08:13:59

With the Baby Boomers retiring, and the Baby Boom echo generation nearly fully out of school, there is a labor shortage developing among those with experience and at the entry level.

For most jobs it probably doesn’t make sense to say that there’s a shortage. To determine whether a shortage exists, you’d first have to determine how many workers of a given type are needed in a community. You could have a shortage of nurses or garbagemen in the Bay Area, but you can’t really have a shortage of realtors or baristas.

Besides that, if a shortage did develop somewhere, one would expect that a noteworthy increase in wages and/or benefits would be the result. So if you find some region in which there’s a significant increase in pay happening in certain fields, that could indicate a shortage of workers.

Comment by In Colorado
2016-08-21 10:20:33

Besides that, if a shortage did develop somewhere, one would expect that a noteworthy increase in wages and/or benefits would be the result.

Yeah, one would think that. Jobs go unfilled where I work; as the applicants invariably can’t walk on water. Yet wages don’t seem to go up.

Comment by Larry Littlefield
2016-08-21 11:25:34

I don’t expect rising wages.

Because businesses can’t raise prices.

Because their customers — the wage earners — are broke.

So if they eventually find they can’t hire, they’ll cut hours, service, business and product lines, etc. and the economy will shrink.

That’s my prediction.

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Comment by In Colorado
2016-08-21 14:39:37

FWIW, my employer made $10B net profit last year on $40B in sales. The net profit is bigger than our combined worldwide payroll. I think the company can afford to give us raises. But since no one else is giving raises there is no point in jumping ship. You’re just taking a huge risk for a 3-5% one time pay increase.

 
Comment by MightyMike
2016-08-21 14:55:01

So if they eventually find they can’t hire, they’ll cut hours, service, business and product lines, etc. and the economy will shrink.

This might not make sense. If you’re talking about businesses that want to expand, it sounds like you’re saying that there are only two options - expand or shrink. Just staying the same size should be more likely than shrinking.

 
Comment by The Crushin' Russian
2016-08-21 15:04:32

Remember….. Nothing accelerates the economy and creates jobs like falling prices to dramatically lower and more affordable levels. Nothing.

 
 
Comment by MacBeth
2016-08-21 12:22:56

Blame your HR department.

There’s a great many people out there who are talented and smart…their “credentials” simply don’t match up against the computer-sorted line-item credentials seen on the vast majority of job postings.

A hint for your HR department: why not employ a standard aptitude/intelligence test? Finding those who are capable of learning and doing the job well would become a much easier task.

It’s telling that companies posting job listings that include up to a dozen requirements aren’t finding qualified applications.

I mean, who’s the stupid ass here? The applicants or the hiring company?

You have an economy where people are regularly thrown out of their jobs, where they have to relearn procedures and systems constantly AND you expect them to meet all of your requirements?

To reiterate: Who the stupid ass here? The applicants or the hiring company?

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Comment by In Colorado
2016-08-21 14:49:27

Actually, we get to screen the resumes, many times these people are internal referrals, sometimes from other departments.

The problem is that the bar has been raised ridiculously high. Many of us joke that if we were applying today for the jobs we already have, that we wouldn’t make the cut. Yet upper management insists on raising the bar and so we do. And they, Directors, VPs and even the CEO, review our interview notes and sometimes shoot the candidate down, with no reason given.

So a candidate, who might not have been super-duper, but who was competent, is sent packing. Our immediate Director has basically said that he won’t approve anyone who isn’t far above average (even though the pay offered is average). I have seen this attitude in other workplaces. Heck, it’s been ridiculed in Dilbert.

 
 
 
 
Comment by GuillotineRenovator
2016-08-21 09:33:12

Not only won’t they relocate there for jobs, they’re leaving. High rents/house prices have that effect.

 
 
Comment by azdude
2016-08-21 07:15:05

why dont the central banks just buy all the non performing assets? No one should take a loss!

 
Comment by spmk
2016-08-21 07:42:58

Anectodal personal experience. When I recently sold my house in California (bought in summer 2012), while my old town wasn’t one of the typical “hot” markets, I too had read the reports about people in other California towns getting multiple offers on day 1, offers above asking price, etc.

My house wasn’t super high-end, but *was* on the higher-end. Other houses in my town had been closing anywhere from 1-3 houses per day, according to zillow, but they were mostly the lower to mid-range, or cheaper townhouses, etc. Primarily, my goal was to *exit* the market. Getting the absolute highest price possible wasn’t the top priority. Time was important. I wanted to price it to *sell*, not sit forever waiting for a buyer.

Even the houses that *were* selling had been on the market for many weeks or months. That said, yes it’s hard to deny human greed and so I decided to initially try listing it a little bit above what I thought it could sell for. Just a little bit.

It sat for 2 weeks — some lookers, not a single offer. This began to concern me. So I cut the price by a few percent lower to what my original number was, and started waiting again. Another week went by, a couple more lookers, but no offers. I seriously began to worry that even my original number was way off. I was about to do a very big cut. However, my lucky stars, literally the day before I was going to do a very large cut, out of nowhere — two offers came in — one just just slightly lower than my asking price, and a low-ball from out-of-state (which would have been my “big cut” price if I had done that). I took the higher offer, which also happened to be a stronger buyer (no other contingencies besides a loan). Closed in a month.

The main thing I dislike about the property market as a seller — it’s completely opaque. You don’t know what price levels the buyers are at, or if they exist at all. It’s not like looking at a Nasdaq L2 screen where you can see where all the bids and offers are, how many people at each price level, etc.

I continue to check zillow on my old neighborhood. Houses are now closing maybe 1 house every 4-5 days instead of a few per day. Most of the houses that are selling have been on the market for *months and months*. All of them show repeated price drops. Some look like “death by a thousand cuts”. And it is funny, there are new listings coming online every day that are clearly well above what the market is closing at — new sellers are thinking they can get very high prices, kind of like I had hoped for initially. They are in for a surprise and some disappointment.

It does seem the market is turning. The whole process of listing high, then waiting, waiting — and coming to the realization that there are no buyers at that price level, then dropping your price, and waiting again, dropping your price again. Rinse and repeat, that is basically the process of “price discovery”. Finding out where the buyers are. That’s the market, it exists to facilitate transactions. The buyers are out there, but you have to find them first. It can be stressful in the meantime. So many houses in my old neighborhood have been on the market for 6 months or more, and the sellers are incrementally dropping their price every few weeks, like I had to do (once). I guess if you have time to wait it’s okay, or don’t mind people tracking through your house for months and not even getting an offer.

Anyway, the following is a bit off-topic, but I got a chuckle from it. Yes, liberal colleges are liberal, no surprise there, but now there is a trend of *mandatory* social justice training for new students. Like this one:

http://www.thecollegefix.com/post/28486/

What I laughed about was this:

“Asked how Oregon State defines social justice, Batista said that is also a work in progress.”

Good luck everyone.

Comment by scdave
2016-08-21 08:18:58

while my old town wasn’t one of the typical “hot” markets ??

What zip code ??

 
Comment by GuillotineRenovator
2016-08-21 09:29:41

Most of the “multiple offers” BS is just that- BS made up by REALTWHORES.

 
Comment by Justme
2016-08-21 10:03:02

>>The main thing I dislike about the property market as a seller — it’s completely opaque. You don’t know what price levels the buyers are at, or if they exist at all.

That’s funny. Realtors claim to have this super-special knowledge about where the buyers are.

I’ll join the chorus asking for a zip code. It really helps put the story into perspective.

 
 
Comment by phony scandals
2016-08-21 08:11:04

Tru dat

American journalism is collapsing before our eyes

By Michael Goodwin
August 21, 2016 | 5:40am

Donald Trump may or may not fix his campaign, and Hillary Clinton may or may not become the first female president. But something else happening before our eyes is almost as important: the complete collapse of American journalism as we know it.

The frenzy to bury Trump is not limited to the Clinton campaign and the Obama White House. They are working hand-in-hand with what was considered the cream of the nation’s news organizations.

The shameful display of naked partisanship by the elite media is unlike anything seen in modern America.

The largest broadcast networks — CBS, NBC and ABC — and major newspapers like The New York Times and Washington Post have jettisoned all pretense of fair play. Their fierce determination to keep Trump out of the Oval Office has no precedent.

Comment by scdave
2016-08-21 08:48:10

The frenzy to bury Trump is not limited to the Clinton campaign ??

His own people in his own party do not support him….Every living President, Every living presidential candidate, every living VP candidate does not support Trump except for one; Palin…

Comment by palmetto
2016-08-21 08:57:57

So? Bush, Romney, Ryan, McCain don’t support Trump and that’s a great thing. I wouldn’t be voting for him if they did.

Comment by Ben Jones
2016-08-21 09:07:24

I forgot about Ryan. What do all these guys have in common? Amnesty. Mexico doesn’t do amnesty, but we’re racists if we oppose it. Did you know if Mexico is gracious enough to allow me to live there, proving I have a sizable regular income of course, I can’t protest against the government. I can’t even speak against the government. I sure as heck can’t get on their welfare system.

Golly, lookie there. An actual discussion of the issue. I bet the TV is updating everyone on what the lying swimmer is tweeting today.

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Comment by MacBeth
2016-08-21 12:00:23

It’s all about importation of the tax base.

Government does not generate a profit. Thus, in order to maintain itself and grow, it must take more money from more people.

When you’re a government employee on the USS Titanic, you’ll step on whatever you can to survive…including the heads and livelihoods of others. Laws be damned.

 
 
Comment by taxpayers
2016-08-21 09:40:26

60% of man have never voted for gop and since the net destroyed their biz most are free landers living low. So pushing an agenda gives them purpose

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Comment by MacBeth
2016-08-21 11:50:05

“60% of man have never voted for gop and since the net destroyed their biz most are free landers living low. So pushing an agenda gives them purpose”

+ 1000000.

Very few people have any idea the extent to which technology has negatively disrupted - and sometimes destroyed - the social contract this country’s citizenry once enjoyed.

Society simply is not equipped to keep pace with technology, especially socially.

Our pending upheaval may center on the social, not the fiscal. Everyone’s eye seemingly is on the fiscal, whereas the ball may actually already be on another court.

Yours is truly a fantastic and meaningful post, taxpayers. Thanks.

 
Comment by MightyMike
2016-08-21 12:19:22

Social contract? Did you see that one, Selfish?

 
Comment by The Selfish Hoarder
2016-08-21 18:26:35

Social contract? Did you see that one, Selfish?

yeah. It’s Maccy who posted the nonsense.

There is no social contract of course. Sigh.

 
Comment by MacBeth
2016-08-21 21:27:37

Social contract? No, apparently not in your world. There, there is no such thing as a social contract.

Perhaps it’s a California phenomenon? A lack of social contract would certainly explain a continued reliance upon hedonism and affectation. To have both serve as your social anchor because there is nothing else…..???? Wow.

Geez, that really sucks. Never in my life would I have guessed that I would pity any Californian. How freaking sad.

I feel for you. I really do.

I guarantee that there is a such thing as a social contract in multiple areas of the country. A good many have nothing to do with religion.

 
 
Comment by MightyMike
2016-08-21 10:08:05

I think that Ryan and McCain do support Trump and he endorsed both of them just a couple of weeks ago. Did McCain change his mind just recently?

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Comment by Ben Jones
2016-08-21 08:59:15

Bob Dole does. McCain grudging did. As for the Bush people and Romney, they can go jump off a bridge. Neocons and globalists too.

Comment by scdave
2016-08-21 09:16:48

Yes, I missed Dole….

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Comment by palmetto
2016-08-21 09:01:27

Except you’re wrong, Dead-Eye endorsed him, which makes me a little nervous.

Comment by scdave
2016-08-21 09:21:03

which makes me a little nervous ??

You should be terrified…The only thing that makes me not terrified is that I think he has zero chance of winning unless a September or October surprise on Clinton…If that were to happen, I would expect the markets to loose 30% in a week…

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Comment by GuillotineRenovator
2016-08-21 09:41:44

You’re “terrified” of Trump but take comfort in Clinton. Wow.

 
Comment by Ben Jones
2016-08-21 11:12:14

It’s really absurd. Her husbands innocent child death count was over 500,000. Her innocent death count is in the hundreds of thousands and thousands more every month. But we’re expected - expected! to believe Trump is dangerous?

“Trump is Hitler.”

“I’m pretty sure Hitler is dead.”

“Well he’s just like Hitler.”

“I don’t see it.”

“That’s because you are a Nazi sympathizer!”

“My politics are nothing like that.”

“Don’t you know how many people burned in the ovens because of people like you?”

Etc.

 
Comment by MacBeth
2016-08-21 12:12:26

“You’re “terrified” of Trump but take comfort in Clinton. Wow.”

There’s considerable comfort among Clinton voters in that she is a NeoCon. They understand who she is and they identify with her. They, too, are NeoCons.

NeoCons = Progressives.

The equivalency now is more obvious than it has ever been.

A vote for Hilary is a vote for the Koch Brothers, Big War, Big Pharma, and High Taxes.

What scdave has yet to realize is that voting for Hilary is an endorsement of George W. Bush.

 
Comment by Professor Bear
2016-08-21 12:28:59

“NeoCons = Progressives.”

Cows = Dogs.

 
Comment by MacBeth
2016-08-21 13:54:28

No. Cats do not equal dogs.

But NeoCons = Progressives.

- and -

Professor Bear = Disingenuous.

 
Comment by The Selfish Hoarder
2016-08-21 16:19:26

“Neocons = progressives.” Yet you worship your Neo con/Progressive God Trump.

 
 
 
 
 
Comment by MightyMike
2016-08-21 08:19:43

With a comfortable lead, Clinton begins laying plans for her White House agenda

By Anne Gearan, John Wagner and Dan Balz August 20 at 7:11 PM

Hillary Clinton’s increasingly confident campaign has begun crafting a detailed agenda for her possible presidency, with plans to focus on measures aimed at creating jobs, boosting infrastructure spending and enacting immigration reform if current polling holds and she is easily elected to the White House in November.

In recent weeks, as her leads over GOP nominee Donald Trump have expanded, Clinton has started ramping up for a presidency defined by marquee legislation she has promised to seek immediately. The pace and scale of the planning reflect growing expectations among Democrats that she will win and take office in January alongside a new Democratic majority in the Senate.

While careful not to sound as if she is measuring the draperies quite yet, Clinton now describes what she calls improved odds for passage of an overhaul of immigration laws — the first legislative priority she outlined in detail last year — and what could be a bipartisan effort to rebuild the nation’s roads, bridges, airports, rail system and ports.

She also could be immediately confronted with a choice about a Supreme Court vacancy that could set the tone for her relationship with Congress, and she plans to immediately champion new measures on campaign-finance reform and ending legal immunity for gun manufacturers.

Her campaign’s to-do list includes assembling a Cabinet that has women in roughly equal numbers to men and that otherwise reflects American diversity, and lobbying has intensified for those and scores of other jobs that Clinton would fill in her administration.

Some Clinton boosters remain concerned that, with an election focused so heavily on Trump’s deficiencies, she could enter the White House without a clear mandate. But Clinton’s team is hopeful that a trouncing of her Republican opponent in November could soften the ground for a robust set of proposals that could be implemented both with and without congressional action.

“There’s nothing like winning to change minds,” Clinton said this month.

https://www.washingtonpost.com/politics/with-a-comfortable-lead-clinton-begins-laying-plans-for-her-white-house-agenda/2016/08/20/4f21cef4-65ce-11e6-96c0-37533479f3f5_story.html

 
Comment by Apartment 401
2016-08-21 08:53:06

“Heroin is entrenched in Denver, Colorado Springs and Pueblo, but it’s now also leaving its mark in rural corners of the state that lack the resources of their big-city counterparts. The Otero County deputies on the recent raid had no drug-sniffing dogs, months of wiretaps or experienced state prosecutors at their immediate disposal.

“It’s everywhere,” said Deputy Tyerek Kirkland of the Otero County Sheriff’s Office, who has been tasked with halting heroin’s spread. “It’s all over our county. It’s not just in one town. It’s in every one of our towns.”

http://www.denverpost.com/2016/08/20/heroin-southeast-colorado/

Comment by phony scandals
2016-08-21 09:42:13

Heroin use exploded in this part of Region IV when they shut down the Pill mills.

Comment by Apartment 401
2016-08-21 09:57:09

Back in my native Region, a friend I grew up with was found face down in his parents’ backyard overdosed on Oxycontin at age 26. This was well before street heroin was widely available, and nobody that I knew of was injecting, just eating pills or crushing them up and snorting them.

 
 
Comment by GuillotineRenovator
2016-08-21 09:48:57

Thanks, big pharma!!

Comment by phony scandals
2016-08-21 10:49:40

“Thanks, big pharma!!”

Hillary Clinton is ROLLING in Big Cash from her ‘Big Enemy’ – Big Pharma

Check out this debate clip

by Christina Sarich
Posted on February 19, 2016

Pharmaceutical companies have donated hundreds of thousands of dollars in the 2016 presidential election cycle. Guess which presidential candidate accepted far more campaign cash than any other from Big Pharma? The money went to…drum roll please…Hillary Clinton. What’s more, Clinton says she’s proud to have drug companies as her enemies.

Those who think you can’t buy position in America are sorely mistaken. If there was truly any democracy left in this country, then I’d like for someone to show me.

If we are supposed to be a system of government by the whole population or all the eligible members of a state, typically through elected representatives, how does Cargill, Ely Lilly, or Turing Pharmaceutical get to determine who runs the country?

Clinton has been acting as though she has a tough stance on the industry, especially after news of Turing Pharmaceutical’s CEO Martin Shkreli increasing the price of an HIV drug called Daraprim by nearly 5,000%. But the money trail tells a different story.

Clinton accepted $164,315 in the first six months of her campaign for President from drug companies, according to an analysis by Stat News.

Clinton unveiled a plan to combat rising drug prices by clamping down on the rules for pharmaceuticals, and in a recent Democratic debate, she listed off drug companies among the enemies she is most proud to have made in politics. Really?

Clinton collected $336,416 in donations from the pharma/health industry, over a third of the total contributions during the 2016 presidential campaign. The next biggest recipient was Republican candidate Jeb Bush, who collected less than half the amount of Clinton. Trump received a whopping $1001 – enough to buy one Daraprim pill.

These donations don’t include the big money corporations spend on lobbying Congress as well. For example, Pfizer, one of the largest pharmaceutical companies, spent more than $10 million in lobbying efforts last year.

http://naturalsociety.com/big-pharma-money-presidential-campaign-68823/ - 201k -

Comment by Apartment 401
2016-08-21 11:40:26

Remember also that prior to being tapped for SecDef, Donald Rumsfeld was the CEO of Searle. Big Pharma is a natural partner for Big Government war machine and Big Government defense contracting. Get ‘em so strung out on Soma that they won’t care who we’re bombing this week…

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Comment by redmondjp
2016-08-21 22:33:55

And if you want to know why Mary Jane is still banned by the feds, you know what the reason is . . . (see above)

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Comment by Senior Housing Analyst
2016-08-21 09:35:22

Salem, NH Housing Prices Plummet 18% YoY As Housing Correction Ramps Up

http://www.zillow.com/salem-nh/home-values/

 
Comment by phony scandals
2016-08-21 09:50:04

RICH: Hillary flies 20 miles in private jet from Martha’s Vineyard to Nantucket

August 20, 2016
By Olaf Ekberg

Hillary Clinton is very important, and she can’t be bogged down by pesky things such as boats or waiting.

The presidential candidate, who is endlessly trying to tell factory workers in Ohio and Pennsylvania that she’s one of them, jetted approximately 20 miles from Martha’s Vineyard — where she was last night partying with President Obama — to Nantucket for a fundraiser on Saturday.

Fox News aired footage of her stepping off her plane in the latter.

Cindy Adams of the New York Post reports:

On the 20th Hillary’s piggy bank gets a do at the de Rothschilds. As in Sir and Lady de Rothschild. As in Evelyn Robert Adrian de Rothschild and his good-looking blond Ladyship wife, New Jersey’s Lynn Forester, whose previous second husband Andy Stein once tried for NYC mayor. This de Rothschild event’s eclectic, magnanimous, open to all — at $100,000 per.

Last night, she celebrated Bill Clinton’s 70th birthday on Martha’s Vineyard.

While Louisiana is still trying to dry out, it pays to have Clinton Privilege. Just ask the mainstream media.

Comment by MightyMike
2016-08-21 09:58:10

Gee, wasn’t it Martha’s Vineyard or Nantucket where John Kerry was caught windsurfing? Half of America had probably never heard of windsurfing, but they learned that it was a rich man’s pastime.

Comment by phony scandals
2016-08-21 10:33:09

“open to all — at $100,000 per.”

 
 
 
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