Declining Prices Are Difficult For Some To Accept
A report from CTV News Vancouver in Canada. “Dozens of Metro Vancouverites gathered downtown Saturday to demand government action on the region’s housing affordability crisis, calling for a crackdown on money laundering. Speaking at the rally was Christine Duhaime, a lawyer who specializes in money laundering. She estimates more than $150 billion is filtered into Canada from China each year. ‘It’s in all sectors, but especially in real estate because it’s easier to hide it here,’ she said.”
“Duhaime is calling on the federal government to investigate money that could be entering the housing market illegally. ‘Large proceeds of crime leaves China in large volumes,’ she said. ‘Vancouver’s a key destination for some of that. We know China’s coming after it, and Canada isn’t doing much to assist China.’”
“‘A generation ago a million dollars would have bought you two entire homes and now it barely buys you two bedrooms,’ added Paul Kershaw, a UBC Professor who has started a movement called Generation Squeeze. ‘We’ve come together to say this is madness, we’ve got to stop this problem – the cost of housing has reached code red crisis proportions.’”
The St. Albert Gazette. “As the region experiences a slowdown in its condominium market, St. Albert continues to buck the trend with increasing sales. While August real estate numbers show that Edmonton region condo sales were down six per cent from the previous year, St. Albert saw an increase of 18.2 per cent, from 22 units to 26, in August 2016. Condo prices, however, were more in line with the rest of the region. In July, a condo in St. Albert sold for an average of $291,000. Last month that price dropped 11.6 per cent to $257,207.”
“The average condo price for the Edmonton region was down two per cent month-over-month to $251,526 and one per cent year-over-year. ‘While unit sales for condos have been impacted the most, prices remain stable,’ said Steve Sedgwick, chair of the Realtors Association of Edmonton. ‘This is thanks in part to the continuing trend of unit sales of over $750,000 that are keeping average sales price of condos elevated by almost three per cent.’”
“But in St. Albert, where the median sale price was $235,750 this month, compared to $290,000 in July the same does not hold true. Average single family home prices dipped 5.7 per cent from $508,053 to $479,279 over last year. This represents a bigger decrease than the Edmonton region as a whole, where year-over-year prices have remained stable decreasing by less than one per cent. According to Canadian Mortgage and Housing Corporation’s latest numbers, the Edmonton region has hit the lowest level of housing starts since 2012. ‘Slower economic conditions have tempered demand,’ said Christina Butchart, CMHC’s principal market analyst for Edmonton.”
The White Court Star. “Whitecourt’s real-estate market is on large downward trend as it feels the sting of Alberta’s struggling oil-based economy. Housing sales for both Whitecourt Re/Max Advantage and Exit Realty have dropped significantly from previous years. Sales for this year from January to August for both companies declined over 40 per cent from the same time frame in 2015, and over 50 per cent from 2014.”
“Brian Ames, Whitecourt Re/Max Advantage owner and broker said in his 32-years in real estate, the market has never looked this slow. ‘This is probably the slowest I’ve seen it,’ Ames said, adding that local people not being able to afford homes is beyond their control. ‘What bothers me is – it’s not that people are running their business or personal finances incorrectly, they have nothing to do with it. It’s simply the price of oil and their companies not being able to afford them.’”
“The average housing price has also dipped for both agencies, by approximately 10 per cent from 2014. Ames said people are not able nor willing to sell their homes below a certain price point based on how much they spent on their mortgages. He added that declining housing prices is difficult for some to accept. ‘It’s less to do with our house than it is to do with the buying ability, the confidence in the market,’ Ames said.”
“However, Exit Realty Whitecourt owner and broker Paul Chauvet said without Whitecourt’s forestry sector and other industries faring better than the oil industry, things would have been much worse. ‘If we didn’t have those, there would definitely be blood in the streets. There would be a lot more drops in prices,’ Chauvet said.”
“He later added that people were being unrealistic if they expected housing prices to drop much further beyond this point, based on sales figures. ‘We’re going to see fewer sales, yes, but a 30 per cent drop next week – that’s one of the hesitancies too, ‘If I buy this house at $300,000, next week it might be $250,000.’ No, not going to happen.’”
The Business News Network. “A top-ranked real estate analyst is making the case for renting over owning a home. In his new book The Wealthy Renter, Alex Avery, who currently owns a home, argues that home ownership doesn’t necessarily provide the returns many people believe it does. ‘The perception of home ownership is a lot different than the reality,’ he told BNN in an interview. Avery said a number of contributing factors including maintenance costs, utilities, property taxes, the difficulty to quickly uproot and move, and the fact that it’s ‘quite expensive’ to purchase a home in Canada can make renting more financially appealing.”
“This is especially true, he said, for millennials and first-time buyers who may be feeling pressure from their parents, friends, lenders, and even the government to purchase a home. ‘I think there’s a lot of promotion of homeownership,’ Avery said, calling it a cult. ‘It is a pretty universally-promoted decision – there are very few people who will promote renting,’ he said.”
“‘This idea that you’re throwing your money away on rent is a commonly-used argument not to rent, but it’s just not accurate,’ he added. ‘The yield on housing is so low today because the cost of buying is so high.’”
“Despite the fact that many think of a home is an investment, Avery argues it is a consumption item. ‘And it’s easy to fall into the trap of thinking a home is an investment, buying one, and then massively overspending on housing,’ a dynamic he calls ‘investment creep.’ Avery’s suggestion? ‘The best cure for investment creep is renting!’”
‘A couple hundred people rallied outside the Vancouver Art Gallery this afternoon calling on the government to ‘stop the madness’ in Metro Vancouver’s white hot housing market, where experts and locals are pointing the finger directly at the government. It’s no longer a real estate industry, it’s a real estate cartel, according to the people who have been trying and failing to get into the market.’
‘Euclid Laghai says him and his wife bring in 180 thousand dollars a year — but have given up. “The only place we can afford is way, way out in the suburbs. We have to make a choice to commute probably two hours every day.”
“It’s no longer a real estate industry, it’s a real estate cartel….”
This is the best snippet of writing I’ve seen on HBB this week, and this time, it’s not one of our own posters offering it.
If we’re all wise, we’ll borrow the phrasing, because it just about sums it all up.
What we need to do, though, is name the cartel. Give it a real, formal acronym.
I mean that in all seriousness.
What we need to do, though, is name the cartel.
The NAR… you know… that organization that publishes its own phony economic studies, publishes ads with the fluffy dog, the white picket fence and a mini van in the driveway, and Susan on the answering machine. They are also trying to ban property sales between private parties; the Cartel wants their cut.
I think Canadian market will be hot for some time to come. Droves of rich liberals will be leaving America for Canada after the Don becomes prezident.
Good riddance.
Hopefully when the liberals leave America in masse, I can buy their old houses for pennies on the dollar. Meanwhile, I’ll have America all to myself while our new president makes it great again!
Did you mean to say “makes America hate again”?
Hate? You mean protecting our sovereign borders? Controlling immigration? You mean limiting immigration from proven terrorist hot beds specifically young unemployed fighting age men?
Why doesnt someone look into the identity theft involved in phony SS numbers that illegals would have to be using and not held accountable for?
If you mean hating of the corruption of the rule of law then sign me up!
How To Move To Canada (If Trump Becomes President) | Gavin McInnes
‘Toronto’s housing prices are so hot, even the cost of house boats has doubled’
‘So what exactly do you get with a house boat in Toronto? Here’s a look at two floating homes in the city’s Scarborough Bluffs area.’
‘Price: $589,000. What you get: This 1,100-square-foot, two story-high house boat comes with two bedrooms and two bathrooms. Its listing touts its view of the Scarborough Bluffs that beats any in Vancouver’s float home community “by a long shot.” The property’s mooring fees – the house boat equivalent to maintenance fees – will cost you $720 a month.’
‘Price: $299,000. What you get: For those who want something cozier – or have a tighter budget — this 700 by 799-square-foot condo loft only has a kitchen, a bedroom and one bathroom. Its mooring fees are a bit higher at $767 a month, but you still get a nice view from its balcony.’
I wouldn’t step out on that balcony for 300k Canadian pesos.
To my thinking, these aren’t “boats”. They are crap shacks on a barge.
See real boats in the link below. Same town.
http://highlandyachtclub.com/
You can live on a “boat” on Lake Ontario for about $200 per month. That includes all utilities.
Crazy people will find a way to waste a fortune and company that is like minded.
Blue Skye
You should try the west side - Niagara River to Toronto.
About an hour from downtown Toronto (powerboat), cheaper, and lots to do. Hamilton Harbour is quiet mooring with abounding nature, trails, etc.
But nothing beats Georgian Bay !!
If you ever need a dock here let me know - free.
Hi Patrick.
That is a wonderful offer. I will come up there in a season or two. I got as far as Bobcaygeon a few years ago and ran back for a daughter’s medical emergency. For sure I’d appreciate a haven. Please do send me your contact info.
bskye318/yahoo
I am on Lake Ontario and have a dock spot in Hamilton Harbour.
I am not sure how to make contact. Never done it before.
You are more than welcome to use it for a couple of weeks. Niagara Falls is close.
My email is as above
@yahoo.com
I was near you by car then two weeks ago on my way back from Temagami with my boys, along the QEW.
‘A shift in the rental market is giving University of Saskatchewan students more bargaining power than they have had for years, according to a student union representative. U of S Students’ Union vice-president of student affairs Renata Huyghebaert said this year’s students had more choices and negotiating power.’
‘This summer was the first time she personally haggled with landlords over the rental price. The apartment she finally settled on had been vacant for six months.’
“This year, I feel like there are a lot more vacancies,” said Huyghebaert.
“Especially in the summer I did see a lot of rental incentives that were offered so it’s easier to find an apartment in a prime location in the city.”
‘Those incentives included early move-in bonuses, offering the first month rent-free and allowing tenants to pay their damage deposit in instalments.’
In 1998, prices started rising. In 2003 they went bubble ballistic and stayed that way until 2007-2008. They started sinking, abruptly stopped, then again went bubble-ballistic (i.e. curve slopes are similar) until the current time.
We’ve had discussions on how rigorous the real estate loan process is nowadays. But I have my doubts based on a personal anecdote, and that the information that’s provided is what “they” want us to see, in order to “create the narrative” for whatever end, be it sales or guiding the economy.
So my anecdote is I know a guy who bought a house (in Maryland, which has a particularly Byzantine foreclosure process and timeline). He HELOC’d another 100K out of the house, around the time it went into foreclosure. He was sued for the money but it was dropped. Then he just sold it this past year (I’m really curious about how that worked - apparently he made money based on the new vehicles and other purchases), moved into an aging relative’s house (who was promptly moved into a nursing home - guy’s a snake and a actual felon), had the house put in his name and now he’s HELOC’d that.
There is no question in my mind that this fellow has precisely zero intention of repaying any of this.
Which brings up this point: How many people made money through this sort of default process? And here’s a guy, both a felon and a defaulter, with a history of this kind of behavior who now has a new, doubtless quite large sum which he has no intention of repaying.
And what are the implications of that going forward? The repayment risk has been spread to the taxpayer, and the Fed to this day buys hundreds of billions of mortgages annually.
Just pondering the implications. I doubt my anecdote is a one-off.
Something to remember about all of this is the idea that the buying and selling of real estate is a non-productive enterprise. As such, real estate is naturally going to attract nefarious individuals.
It has morphed into a get-rich-quick business, backed by governments worldwide.
Governments also are non-productive enterprises.
That the two lay together shouldn’t surprise anyone.
Neuromance — BTW, it was just a few days ago that I finally came across your thought that the overall economy functions not as a whole per se, but as a series of rivers and channels.
Someone else marked that your observation was profound.
I agree with that.
You opened my eyes to something I hadn’t considered before. Thanks.
Thanks for the note, I’m gratified something I noted might be thought-provoking. This blog has been an excellent platform to read others’ musings and data and to provide my own. Regarding the analogy, it’s another lens through which to view the economy. Virtually all analogies have flaws and limitations but they can also be informative.
And while it might initially seem like a kooky conspiracy theory, one does need to look at the incentive structure of the reporting nodes. The rise of protest/non-traditional candidates on the left and right seems puzzling as all the economic indicators are apparently absolutely peachy, as oft-repeated by the president. YET - there is discontent that is not being captured amidst the hedonic adjustments and debt-pumped numbers. Could it be that the reporting nodes are incentivized to report numbers as rosy as possible? They’re just people and they have incentive structures. It’s one of the reasons I’m amazed and aghast that the Census bureau uses NAR as its primary source for housing data, while that data is available outside of NAR. NAR is a sales organization with a very specific mission and it’s incentivized to do all it can to carry out that mission. And if fudging numbers will help the narrative, it would be self-deluding to not take that into account.
I wonder if there are political incentives to “hitting the numbers” in these various central bank and other economic data reporting nodes.
I’m not saying there are or there are not - but it’s something to consider, especially considering some of the inconsistencies we’re seeing in the data versus behavior.
“The first principle is that you must not fool yourself — and you are the easiest person to fool.” — Richard Feynman
Trump supporters should stare at themselves in the mirror and recite this on a daily basis.
How long can yellen and friends keep the markets rigged?
Why should I overpay?
“‘A generation ago a million dollars would have bought you two entire homes and now it barely buys you two bedrooms,’ added Paul Kershaw, a UBC Professor who has started a movement called Generation Squeeze. ‘We’ve come together to say this is madness, we’ve got to stop this problem – the cost of housing has reached code red crisis proportions.’”
Why does the Canadian government favor the interests of international criminals over those of its own citizens? For shame.
Because those international criminals are bringing money (to launder) to Canada.
This is the essence of crony capitalism: money talks. 95% of the sheeple sanction this form of malgovernance with their votes for the status quo.
Because the government of Canada is more interested in being politically correct than it is in being ethical, especially where its own citizenry is concerned.
How much money has Canada’s government made off the real estate scam? How much money have each of the elected leaders made? Got a list of names and profits?
The United States is no better. Our leaders are throwing the citizenry to the wolves, too.
FOLLOW THE MONEY. Same as it ever was…
Agree. Similar example we discussed some weeks ago: why do American universities allow students from China to take up space in the schools, even though it’s well known that they cheat like heck? Easy answer: those students pay full freight.
I used to teach classes with loads of Chinese kids “just off the boat.” I have never encountered such rampant cheating in my entire life. Those kids had no moral qualms about it. Most probably became international money launderers / real estate investors when through with school.
Why does the Canadian government favor the interests of international criminals over those of its own citizens?
It’s not about favoring one group over another. That’s collectivism. They’re allowing the free market to work. Central planning never works.
How wrong you are! The BC Liberal party is running a REIC funded, money laundering scam complete with Chinese junkets by the Premier to flog real estate to speculators, government oversight bodies willfully ignoring tax cheats and the like. And these corrupt politicians receive most of their funding from Vancouver condo developers.
LOL! MM, you sound as stoned as your pants suited leader. Not sleeping well lately?
The last time I saw a beat-down like that the dude went away for 2 years.
In my neck of the woods, prices are still climbing just an hour drive away from the smoking equity hole epicenter. The idea that real estate could depreciate is slowly making its way to the denizens’ left brains, but barely. Home Depot is still packed, small contractors are still scrambling to get enough bodies to get an avalanche of work done. The local realtor boards are fighting with realtors who present actual data compared to the obfuscations they prefer to disseminate to the complicit media. The media is complicit as they are nourished by realtor bucks and are most likely overwhelmed by their immense mortgages, and are emotionally hostages to the valuations of their houses considering the bragging and condescension they enjoyed for a decade.
I am amazed at the glee in the locals eyes as they flash the latest over valuation as proof of their genius. The game is still on here…
There’s a saying that people lose their sanity in a herd and gain it back one by one. This explains what you are seeing. A few cut and run at first and it’ll take a while before you get wide scale panic. It’s all based on psychology. It is necessary for it to go through all the phases to complete the change in mindset, because at critical mass almost all participants believe it will only go up; buyers, sellers, observers. They run out of greater fools; supply builds. Prices stop going up (usually known to the market late as statistics are lagging indicators). More supply as speculators get nervous. Price cuts, even more supply as the exits are rushed. Sales drop like a rock somewhere in here. Then you end up like Miami Beach luxury condos; 150 months of inventory and only a hand full of buyers.
Everything gets turned on its head. Shortage become glut. Confidence becomes desperation. Easy credit becomes hard to get loans. We’ve all seen this movie before but only a few remember how it turned out. That’s another saying; the market has 10 year cycles and most of us have 8 year memories.
Since prices whipsawed back into the stratosphere after the spectacular meltdown, people have assumed that another bust will result in another massive run-up since the gubmint/Fed is all in on real estate.
Vancouver Guy
I travel to Vcr often and work with companies there employing professional persons.
I see their paycheques.
I don’t see anyone making enough money to be able to buy an average two million dollar home.
Not even close.
Totally agree, paychecks are skinny, the money is almost entirely borrowed, or basement suite subsidised or some other unknown source…
Great to have the NFL back in Los Angeles. Seems like old times. One game on TV in the morning, one in the afternoon. Hopefully the Coliseum will never sell out so we don’t have to watch the Rams get slaughtered every week. At least I’m not in Cleveland.
Stick a fork in her, she’s done.
Now, Ben, give us that convoy-to-Canada duck call. Who’s going? Connnvooooy! Connnvooooy!.
Here’s a thought; with the possibility that the US is about to become the Fourth Reich, surely those fearful of the New Hitler are making backup plans to escape the coming Holocaust. You know, applying for jobs in Toronto. Checking house prices in Nova Scotia. The web sites must be overwhelmed as panicked minorities and progressives make plans to escape.
Ah, but I be there isn’t one doing that. No one really believes the Nazi’s are coming to power. Maybe Rosie O’Donnal will because she’s embarrassed about threatening to leave. But I’d bet all the people going on about how this is the end of the US will still be here in November, watching TV on Saturday, eating chips, scratching their backsides.
And cheering for their favorite football team, posting to Facebook, sending out angry Tweets, looking for racist dustballs under their beds and bigoted lint in their navels.
BarBRA and Cher said they were going. Maybe Harvey Levin (TMZ) can use his ginormous tour buses to transport Hollywood to Vancouver. Connnnvooooy! Connnnvoooy!
They can freeze their Hollywood azzes off in the great white north. They’ll be running back to their Bel-Air and Malibu estates before the winter is half way through.
Anyway, Gavin McInnes has a little video presentation on what to be aware of if you’re considering moving to Canada:
https://www.youtube.com/watch?v=zIH-J3uLN3E
The new arena in sacramento is suppose to increase home prices according to the experts.
That’s a riot! I had a project there so I was visiting a couple of times of year. The existing stadium is PERFECTLY situated outside of downtown, with plenty of parking and easy freeway access.
Why anybody would want to give that up for a cramped downtown arena where there is no parking is beyond me.
After Texas high school builds $60-million stadium, rival district plans one for nearly $70 million
On Fridays the football faithful gather, setting up grills and tailgating for hours in a vast parking lot before packing into the stadium built with rose-colored brick.
The high-definition video screen towering over one end zone magnifies their favorite players, and the three-tier press box offers a panorama of the field below.
The cost: $60 million.
The home team: The Eagles of Allen High School.
In bigger-is-better Texas, Eagle Stadium, which rivals Staples Center in capacity with 18,000 seats, gives the suburban Dallas high school serious bragging rights. But in the battle of one-upmanship among Texas high schools, a challenger is rising close to home.
The school district just up the street in McKinney plans to break ground within a month on a nearly $70-million stadium — the newest competitor in a spend-off critics call a stadium arms race.
“Oh, it’s a rivalry,” said Adam Blanchet, a junior at McKinney North, one of the three high schools in the McKinney Independent School District that will use the new stadium. “I have pride knowing my district is going to have the most expensive stadium in the country.”
http://www.latimes.com/nation/la-na-stadium-arms-race-snap-story.html
It’s like a building a 60 million dollar recording studio for aspiring rap artists. The chances of success are vanishingly small for any of those teenagers to make money playing football, as it would be if those youth were trying to become rappers, or any other entertainer.
I appreciate with colleges, the games are aired, sports brings in money (granted I suspect most of which is spent again back on sports) which can theoretically be spent on academics. But high school football? I’d be curious to understand the reasoning behind such an expenditure.
Paying $60 million to glorify the thug gangsta lifestyle? Are they nuts? Do they really think “aspiring rapper” is the career pathway you want to hold up for emulation? But of course: these are lib-tards we’re talking about.
They should have given the $60 million to the Clinton Foundation and then Bill, Hillary and Chelsea would have given 5.7 percent of that to charity.
Just 5.7 Percent Of Clinton Foundation Budget … - The Daily Caller
http://dailycaller.com/2016/09/16/just-5-7-percent-of-clinton-foundation-budget-actually-went-to-charity/ - 104k - Cached - Similar pages
2 days ago … Just 5.7 percent of the Clinton Foundation’s massive 2014 budget actually went to charitable grants, according to the tax-exempt organization’s …
Schlonger Together!
I reported here last fall that I saw lots of foreclosures, mostly at the low end (< 250K) coming onto the market. This pressured prices down, now I’m seeing people who probably have heard the hype of a “great market” putting their crapshacks on the market for way above the going rate. At the same time I’m starting to see foreclosures in the mid to high tiers (500K and 750+) come on the market. See lots of people put their house on the market, only to take it off after a couple months, not able to get an offer. A friend of mine put his place on the market a few months ago, probably asking 150K+ over what the market will bear, not a single bite yet. I think he was just trying to cash in on the stupidity if he could, haven’t been able to talk too much to him because he’s in europe right now. Place is built in the 70s and looks the part, he remodeled the inside with the obligatory counter tops, still an old shack although close to the beach, its not close to anything else (schools, shopping, etc.).
Just saw a lot for sale that was bought for 75K last year, asking 160K now. Its not that far from a lot I looked at that the owner has been trying to sell for over 5 years, asking about the same. Laughable.
Its an interesting market - prices all over the map, few buyers, total chaos.
Get ‘em strung out on heroin and keep a plant illegal, because Big Government:
“As drug and opioid deaths in Ohio rose 81 percent between 2006 and 2014, prescription painkiller manufacturers and pain-management advocates contributed more than $3 million to the campaigns and political parties of many of the state’s politicians.
A cleveland.com analysis of data provided by The Associated Press and The Center for Public Integrity also found that many of the top recipients of campaign donations in Ohio have been increasingly vocal about the opioid crisis in the past few years.
The data shows that while drug deaths — the majority of which were from heroin and opioids — spiked nationwide, so did lobbying efforts and campaign contributions from the Pain Care Forum, a coalition of drug makers, trade groups and opioid-friendly nonprofits. The forum’s mission was to ensure painkillers remained easy to obtain, and spent hundreds of millions of dollars to deliver its message.
Some of Ohio’s senators and U.S. House members and candidates received hundreds of thousands of dollars in campaign contributions from the Pain Care Forum, which includes companies such as Abbott Laboratories, Pfizer, Merck and Johnson & Johnson. Abbott spun off its U.S. pharmaceutical operation in 2013 and no longer lobbies on related issues.”
http://www.cleveland.com/open/index.ssf/2016/09/ohio_lawmakers_rank_among_the.html#incart_river_home
No “smaller government” or “less regulation” or “lower taxes” happening here.
Opiated voters make ideal recruits for the DNC’s Free Sh!t Army, and the rehab business is almost as lucrative as the (failed) War on Drugs. Forward!
I’m not going to reply to this in a political context, but a friend I went to high school with got found face down in the backyard by his parents dead from an oxycontin overdose. We used to do bong hits and play Super Nintendo. He seemed happy then, before the strong drugs happened.
Sorry about your friend, Goon. I probably shouldn’t make light of the subject. But it does seem like vast numbers of our fellow Americans can’t get through the day without self-medicating. We need real hope and real change, not the snake oil peddled by Soros/Goldman Sachs plants.
No apologies necessary. But I have taken a taste or two of some of the higher things in life and realized that they only lead to a path of imminent self-destruction.
Chasing a cocaine high or God help you a narcotic high only ends badly.
It can only end badly.
the Buzzcocks — Why Can’t I Touch It?
https://www.youtube.com/watch?v=UY68vwTH-08
The Jim Carroll Band - People Who Died
https://www.youtube.com/watch?v=Xt5OZJ1LrbQ
Biggie — Friend Of Mine (1993):
https://www.youtube.com/watch?v=SIFWPUGrzT8
And that’s only the illegal drugs. By far, more people self-medicate with alcohol and cigarettes. Or if you want to stretch the definition of “drug,” you could also add in caffeine and possibly sugar.
Alice Cooper - How You Gonna See Me Now (Co-written with Bernie Taupin, Elton John’s lyricist, after Alice Cooper completed a successful stint in rehab for his alcoholism and reconciled with his estranged wife.
https://www.youtube.com/watch?v=44jEaMVli0Q
“…oxycontin overdose.”
Janis could relate.
One of the best articles Denver Post real journalists have published in a while:
“With annual summer tourism business in the mountains surging anywhere from 4 percent to 14 percent for the past several years, the breakneck pace raises the question: Is there such a thing as too busy?
Ask the marketing people who measure their tourism-growing success by the soaring tax harvests for their towns, and get the same answer: Heck, no — busy equals winning.
Ask locals who have seen summer crowding on their favorite trails and their restful offseasons dwindle from a few months to a few weeks, and hear the opposite response: Please turn off the tourist spigot. This community is about more than money.”
http://www.denverpost.com/2016/09/17/colorados-mountain-towns-too-busy/
Blacks and hispanics have fallen further behind under “Hope n’ change Goldman Sachs can believe in.” Are they finally starting to wake up and realize Hillary is going to throw them under the bus once she has their votes and is solely focused on further enriching her oligarch donors?
https://www.washingtonpost.com/politics/among-democrats-deep-concern-about-clintons-hispanic-strategy/2016/09/18/38d3b99a-7c54-11e6-bd86-b7bbd53d2b5d_story.html
It’s down to who will put a chicken in every pot not what’s good for the country.
Clinton Responds to “Hillary For Prison!” Shout: “Let’s Make it Happen!”
Paul Joseph Watson - September 19, 2016
Hillary Clinton was caught in an embarrassing moment when someone at her rally yelled “Hillary for prison!”, to which the presidential candidate responded, “Let’s make it happen!”
The cringeworthy moment was captured on film.
Given her now notorious propensity for being constantly “confused,” Hillary probably thought the man was saying “Hillary for president!,” but nothing could be further from the truth.
The “Hillary for prison” mantra has become a nationwide meme ever since Infowars began selling t-shirts bearing the slogan last year.
As the Spectator reports, the slogan subsequently became the theme of the Republican National Convention in Cleveland and has become a “rallying cry” for conservatives infuriated about Hillary’s corruption.
Hillary Clinton says “Let’s Make It Happen” when told “Hillary for …
https://www.youtube.com/watch?v=2jxP7bWhHro - 186k - Cached - Similar pages
12 hours ago ..
https://twitter.com/hashtag/ZombieHillary?src=hash&ref_src=twsrc%5Etfw
Wow