A Herding Behavior
A report from The Investor on Colorado. “The Denver metro area remains a popular destination for Millennials, employers, investors, and apartment developers in 2016. To capitalize on the strength of the apartment market, 23,650 units are under construction and an additional 22,000 units are in planning. This includes mid-rise and high-rise properties, two property types that have been seeing record pricing levels. In June of 2016, Joule, a 16-story high-rise in Denver’s Golden Triangle sold for $120 million, or an astonishing $535,000 per unit. Three weeks later, Simpson Housing purchased Broadstone Blake Street and 2101 Market, two mid-rise communities adjacent to Denver’s Coors Field for $143 million, over $365,000 per unit.”
“Difficulty in obtaining construction debt may lead developers to reassess proposed projects, however, there is no stopping units currently under construction.”
The Daily Cougar on Texas. “National student housing developer Aspen Heights is breaking out of college towns and into the Third Ward, building a new complex on Old Spanish Trail. The property from the rising student housing group is scheduled to house its first University of Houston and Texas Southern University students in the Fall of 2017. Kiley Rapier and Geron Fuller, the complex’s managers, said the apartments will bring luxury to student living.
Theatre freshman Clare Keating summed up many students’ thoughts when asked about the new property: ‘That would be cool, if I could afford it.’”
The Capital Times in Wisconsin. “The Hub is emblematic of a national trend of amenity-rich student housing developments that are transforming downtown Madison and other college towns around the country. The arrival of the $5 billion student housing industry has brought a new class of developers to Madison, some observers say. The lucrative private student housing market heated up just as top-ranked public universities across the country were feeling the pinch from years of reduced funding from their states and looking for alternative sources of revenue.”
“Andra Ghent, a professor of real estate at the Wisconsin School of Business, said high-end student housing is feeding demand. The ability to rent by the bed to a population likely to be seduced by amenities that aren’t expensive to build makes for a potentially high return on investment, she said. ‘Once somebody makes a few good returns, you get a herding behavior,’ Ghent said. ‘But I don’t know if the returns will be that attractive going forward.’”
From Yahoo Finance on California. “For San Francisco Bay Area residents long accustomed to skyrocketing rents and real estate prices, there’s some relief on the horizon. That’s due to an overall increase in the number of homes and apartments on the market, which keeps prices from rising. The housing research firm Axiometrics estimates 12,300 new rental units will glut the Bay Area cities of San Francisco, Oakland and San Jose this year, up from nearly 7,000 units in 2015 and 6,700 units in 2014.”
“As a result, landlords from San Francisco’s South of Market neighborhood, all the way to Cupertino, are doling out tantalizing incentives to land tenants, such as four to six weeks free rent, discounts to tech workers, and even free bikes. The other reason for the Bay Area’s cooling rents and real estate prices? ‘Peak unaffordability,’ as Trulia Chief Economist Ralph McLaughlin calls it. ‘Your average buyer can’t afford a home,’ McLaughlin explained.”
The Real Deal on Florida. “The developer of H3 Hollywood, a condo project in downtown Hollywood with 60 percent of its units under contract, has halted construction and sales while it tries to find financing, The Real Deal has learned. The move comes as the planned 15-story, 247-unit development is at the 13th floor of construction, sources told TRD.”
“In an emailed letter to buyers, the developer, Hollywood Station Investments LLC, said construction had been on pace until recently, ‘However, general market conditions have deteriorated and this has affected the condominium like many other projects.’ Construction is now ‘in standby but we are diligently working with a lender to obtain construction financing and we hope to resolve this matter in the coming months,’ the development group, led by Diego Besga and Alex Nahabetian, wrote.”
“Fortune International Realty handled sales for the development at 2165 Van Buren Street, but the project has stopped marketing units, an agent told TRD. Buyers under contract have placed 50 percent deposits on their units. Condos at H3 Hollywood begin at $250,000, with a median price per square foot of $300. Units range from studios to one- two- and three-bedrooms, from 594 square feet to 1,579 square feet.”
“Construction had been expected to be completed by December 2016 or January 2017. Calls to the project’s sales director, members of the development team, their attorney and the general contractor were not returned on Wednesday.”
“H3 Hollywood is the latest project to be canceled, put on hold or delayed amid a slowdown in the condo market, as the strong U.S. dollar and foreign economic turmoil continue to dampen sales. Among the developments, Boulevard 57, a planned mixed-use project on Biscayne Boulevard in Miami, called off condo sales this summer, and the entire site is now being marketed for sale. The Conrad Fort Lauderdale Beach, a condo-hotel in Fort Lauderdale, is facing months of delays, a construction lien from its general contractor and an opening date that hinges on a yet-to-close refinancing deal. And Auberge Miami, a planned condo tower just north of downtown Miami is delaying construction until at least year-end 2018.”
‘The developer of H3 Hollywood, a condo project in downtown Hollywood with 60 percent of its units under contract, has halted construction and sales while it tries to find financing, The Real Deal has learned. The move comes as the planned 15-story, 247-unit development is at the 13th floor of construction’
‘Buyers under contract have placed 50 percent deposits on their units’
13th floor, eh?
60% full and 50% deposits doesn’t build it? This builder’s clearly not working on good margins. These fools and their money are soon to be parted.
Was talking to a surfing buddy who is a civil engineer, finishing up adding 3 more condo towers to a complex. These are million dollar+ condos, across the street from the beach where we surf a lot. Owners are renting them out, none are actually living in them, lol. 9K/yr in taxes, 15K/yr in HOA, on top of the 1M+ price tag. Ouch!
I rent a 2 bed house for 12K/yr, 15 minutes drive away. Rent hasn’t been raised in the 6 years that I’ve lived in this house. I bet I enjoy that beach a lot more than those owners!
Again you lie. We have been told again and again rents ONLY go up.
‘Falling rents? What a concept. Especially in the Bay Area, ground zero for jumbo-sized rent hikes.’
‘But the latest research from Abodo, the apartment search website, shows something new: rents actually dropping between August and September in San Jose and San Francisco. In fact, those cities were on Abodo’s Top 10 list for the “Biggest Fall” in rents for one-bedroom apartments during that period.’
‘The website’s National Apartment Report for September shows the average monthly rent for a one-bedroom apartment in San Jose dropping from $2,790 to $2,455, a 12 percent decline — and the second-largest decrease among U.S. cities. A one-bedroom in San Francisco fell 6 percent, from $3,952 to $3,698, the seventh-largest decline.’
‘And four California cities made the Top 10 for “Biggest Fall”: In addition to San Jose and San Francisco, they are Los Angeles, down 8 percent, and Long Beach, down 7 percent.’
I can confirm that August was 100% insane in SJ for rentals, and September is only 95% insane. I assumed it was just people looking to move before school started and now that demand falling off.
For anyone interested I pulled into town in August and used Airbnb for the rest of that month, and one of my Airbnb hosts that I liked wanted to make a deal for the room by the month so I took it for now.
How’s the weather in San Jose, CA?
How’s the weather in San Jose, CA ??
Typical last day of Summer…Cooler mornings and nights with shorts and tee-shirt during the day…At the Oakland A’s game yesterday, shorts, tee-shirt sunglasses and beer…
Envy.
Coming from China, August seemed cold to me in SJ. There have been a couple of warm days but it’s been pretty cool.
Back in my first project to SoMA in San Francisco I literally had no idea the jacked up cost of living in 2012. I booked what looked like a nice apartment close to my work site. Well I quickly learned the cost of living just by meeting people and talking with people and looking around. Man o man, I would pick up chicks just because I had an in-unit W/D in a granite counter top apartment. It was all quite hilarious because the company picked up the living tab of course. Bartenders/servers were working 2-3 jobs just to make it in the least desirable parts of the city.
FFwd to today, and as I knew then in 2012-2013, more and more units were coming online. As I’ve stated before, I’d recall about 6-8 buildings/units coming online in SoMa/Mission Bay and one HUGE luxury tower in Rincon Hill at the foot of the bay bridge. Supply and demand baby…still unaffordable to most people there, even techies, but still.
Dow and SP500 to infinity
and beyond
‘Coming off a strong year in 2015, student housing investment continues to gain momentum. By August, volume reached $5.7 billion, a 54 percent year-over-year increase that edged out the $5.6 billion tally for all of 2015, according to Real Capital Analytics Inc. Although financing for construction has slowed a bit, acquisition financing is readily available from varied sources as 2016 heads for the home stretch.’
Up 54% over a strong year…
And the student housing “off campus” places are built like $h!t and charge way more than the going rate for an apartment. My local university’s off-campus place just severed ties with the mgmt. company because of continuous breaches of security, robberies, fire alarms, etc. I cant recall the company, but they’ve had similar issues/complaints at their other university properties in the US
Delusional Student Housing
The leader of one of my networking groups is a syndication guy, who does student housing. He got into it early in the trend.He has other sectors in his holdings as well. All his properties cash flow.
One consistent theme to all my networking groups is that 95% of the syndications are out of Ca.
Automated self-storage facilities (kiosk and tech technologies) are a sector to watch going forward.
looks like the talk of a rate hike was all bs once again.
Of course. Yellen the Felon knows there’s no such thing as tapering a Ponzi. The instant she raises rates, the Fed’s Ponzi markets collapse.
talk of a rate hike was all bs once again ??
December is baked in….
“a population likely to be seduced by amenities that aren’t expensive to build”
The value-adder’s wet dream. All paid for by student loans, of course.
I’m trying to remember if I was this dumb when I was a frosh.
I can’t remember either……blackout year….and certainly not interested in anything but snowfall measurements at CU in Boulder, CO.
Students: easy target…..until they go away. I dropped out in the 2nd semester…..
Mummy and Duddy would never make their precious snowflake share a bath. Competition for the fruit of the loins of the rich is what drives Ivory tower budgets.
‘In Chapel Hill, where progressive ideas are loudly championed, if not always acted upon, the name “the Bicycle Apartments” held real allure in 2013. But almost immediately after the project was approved, Trinitas rebranded the Bicycle Apartments as LUX, a name less evocative of forward-thinking urban planning than a nightclub where Ashton Kutcher might have guzzled premium champagne in 2005.’
‘Today, LUX offers its student residents free tanning, a resort-style pool and sundeck, and two private shuttles to and from UNC campus.’
‘LUX is the most flagrant example of this kind of bait-and-switch, but glamorous rebranding is happening all over Chapel Hill. Throwing a number into the mix is a popular move. The old Timberlyne Apartments are now Eighty Six North. The Foxcroft has successfully transitioned into The Apartments at Midtown 501. The Charterwood Apartments? Snore. Try 1701 North, an Evolve® community, set on “redefining luxury in Chapel Hill.”
‘Then there’s the Village Plaza Apartments, the contentious, ninety-foot-high luxury apartment complex under construction on the site of a former movie theater in the Ephesus-Fordham district. It is lately referring to itself as The Alexan. “We partnered with [Dallas-based] Trammell Crow Residential on that project, and that’s their branding,” says Lee Perry of East West Partners. “But to be honest, I’m not sure how long that name’s going to be around, either.”
‘Why not?’
“Well, it’s looking like the property could possibly be sold in the very near future, in which case the new owner would likely change the name,” Perry says.’
‘If history is any indication, the price tag of the units may change as well. When the plans for the Village Plaza Apartments initially surfaced, one-bedrooms were projected to lease for $1,150. Two years later, they start at $1,500.’
The real bait and switch is that this may be the last luxury many students will experience for a long time. After graduation, when everything comes due, these amenity-rich living arrangements will seem like a dream.
It reminds me a little bit of the late 1980s, when credit card issuers saw college students as a huge new market.
“It reminds me a little bit of the late 1980s, when credit card issuers saw college students as a huge new market.”
+1 I remember the flashy shills pimping credit cards at CalPoly, SLO.
‘In the luxury student apartment industry, business is booming. The student housing industry is worth more than $4 billion annually, and some of the largest developers have experienced shares growing more than 44 percent last year. The industry has benefited from increasing on-campus housing prices, which are rising to the point where off-campus housing often seems like the better option.’
‘According to College Board, room and board costs at major universities have risen each year, costing students and parents more than $10,000 annually. With such high costs, students believe they can get more value out of off-campus student apartments. After all, many off-campus apartments are beginning to rival luxury apartments that would normally only be found in busy urban centers.’
‘When universities allow private investors to build housing for students, they free up some of their own budget to focus on academic programs and research. If students would rather live in luxury communities, many university’s are allowing the students to choose those properties over on-campus dorms.’
‘The industry is focused on making students feel like they’re living in an actual apartment, rather than “student-housing.” The amenities are designed so that anyone could enjoy them, not just those who are enrolled in higher-education. Perks like resort-style pools and clubrooms with flatscreen TVs set new the style of off-campus housing apart from its predecessors.’
‘New student-housing properties resemble hotels more than dorms. Luxurious amenities give students a space that they can show off to their friends, socialize, and relax after class. Students see value returned when they spend time in the workout facilities or the resort-style pool. While dorms may seem like the typical college experience, many students nowadays are looking for an extension of their college experience; a value-added, so to speak.’
‘While some people may think students are just looking for a community with pools and jacuzzis, Housing Council member Chuck Meyer said, “what we have found to be the top priority for the students is study space. They don’t want one study room; they want multiple study rooms, on each floor if it’s a multi floor community.” Students are more likely to stay in school if they feel a sense of community within their living arrangement.’
‘New college apartment community Edge 1120 in Toledo bills itself as contemporary student living that’s upscale where it matters. The popularity isn’t surprising, since Edge 1120 focuses on student-life balance and affordability, two things that dorms often struggle to compete with. The student-housing landscape is changing, and luxury properties may be the new normal for students before long. With new technology allowing students to see where all their peers are living, the pressure is on for parents and students to get the most value for their dollar.’
Find out more about our luxurious community by visiting http://edge1120.com/
‘Demolition of the Pogue parking garage is well under way and has already slowed traffic along Fourth Street. But by early 2019, Cincinnati residents can expect to see apartments, retail spaces and a sleeker garage design in the Pogue garage’s place.’
‘Plans for the $80 million mixed-use project include a garage with 700 spaces, 25,000 square feet of commercial space on the ground level and 225 luxury apartments on the top level.’
‘Residents of the apartments can look forward to a terrace with views of Downtown Cincinnati and the Ohio River, garden and grilling areas, a swimming pool, fitness areas, a pet walk and a club room. A portion of the terrace will be covered by the apartment towers, which will be designed in a C shape.’
“We call it resort-style living,” said Jim Crossin, vice president of development at Flaherty & Collins. “You get the benefit of living in a very high-end project with great fitness (amenities), a swimming pool and a sky deck that you wouldn’t have in a suburban location.”
Kind of funny that we are reverting back to feudal serfdom under the illusion of “luxury living”. Living in a unified structure with everything you need within the walls, and only having to walk downstairs to the sidewalk for a smoothie or sushi…hmmm, yep definitely not like living within the castle walls. Except now we’re getting GOUGEd with ridiculous rent prices
I like that comparison. And thanks to a new generation of entrepreneurs, you don’t even have to go downstairs to the sidewalk for those items. Just use your cell phone to have someone bring the smoothie and sushi to you.
Just use your cell phone to have someone bring the smoothie and sushi to you ??
And soon it may be delivered by a driverless vehicle…Talk about Creative Destruction…
This is from a recent article that accompanied the launch of Uber’s food delivery service in Tampa:
“Who is going to use the service? Everyone, says Suzanne Perry, co-owner of Datz, Dough, Roux and the upcoming Dr. BBQ’s. She is among the restaurateurs signed up to debut the service locally.
‘If you’re an executive at the end of the day, you can press a couple buttons and your food just shows up. If you’re a young person who has been out all night partying, your ice cream just shows up. It’s the ultimate convenience. I used to have to get off my couch to get ice cream.’”
http://www.tampabay.com/things-to-do/food/dining/ubereats-to-start-food-delivery-in-tampa/2292462
If you’re a young person who has been out all night partying, your ice cream just shows up. It’s the ultimate convenience.
That’s gonna be some really expensive ice cream.
I used to have to get off my couch to get ice cream.
The future is now!
http://3.bp.blogspot.com/-uk9v6mzvk6s/U6p-bIUX2_I/AAAAAAAAAEE/WSETfjKm5WQ/s1600/wall-e-human.jpg
they’ll be” Living above their station” Martin Mull
Low-IQ, morally bankrupt mouth breathers are clearly the majority in ‘Murica.
http://www.businessinsider.com/clinton-trump-nbc-wall-street-journal-poll-2016-9
And they demand their Section 8 vouchers and SNAP food cards.
Stay classy, Carlos Danger - Comrade of Proven Worth (D).
http://www.dailymail.co.uk/news/article-3790824/Anthony-Weiner-carried-months-long-online-sexual-relationship-troubled-15-year-old-girl-telling-hard-asking-dress-school-girl-outfits-pressing-engage-rape-fantasies.html
This whole political season is a world class dumpster fire, combined with slow motion train wreck. Stay classy, Carlos Danger, indeed.
Hell bent for leather. Some people cannot be saved.
We have a pedo Dem in the lead in Richmond area. Welfare voters are focussed !
Dem voters are as vile as the people they are voting for. Especially Hillary supporters.
Deplorable?
Calling his behavior low class letting him off easily.
Les Deplorables - who they are and what they want.
http://alt-market.com/articles/3018-the-deplorables-who-we-are-and-what-we-want
Ferguson homes lost 50% of their value after the riots there, while taxes have soared. Who in their right mind is going to take out a 30-year mortgage in a corrupt, crime-ridden, Democrat-maladministered basket case of a municipality?
http://www.realclearpolitics.com/video/2016/09/21/chaos_in_charlotte_tear_gas_cnn_reporter_tackled_live_on_air_two_people_shot.html
How many Americas are homeless because of the Fed’s easy-money policies?
http://nypost.com/2016/09/20/more-new-yorkers-apply-for-emergency-grants-to-stay-in-their-homes-report/
Shoot how many are homeless because of the abuse of our veterans? Send em off to blow up entire villages, fight an endless enemy, come home and write them psychotropic scripts and tell em to deal. Yeah that’s definitely not a recipe for disaster.
George Soros is financing the permanent Democrat supermajority, out of kindness, I suppose.
http://www.breitbart.com/london/2016/09/21/surprise-that-will-end-trump-globalists-registering-8-million/
Wall Street loves crony capitalist Hillary Clinton.
http://libertyblitzkrieg.com/2016/09/21/wall-street-goes-all-in-for-hillary-clinton/
Feminism is bringing such blessings to young woman and big pharma.
http://www.dailymail.co.uk/news/article-3800926/Generation-young-women-wracked-anxiety-lack-confidence-despair-caused-financial-work-housing-problems.html
Police state, here we come. And you Trumplings will get all the credit. Congratulations!
Waaiit. You said it was gonna be a landslide the other way. What happened?
+100,000,000 deplorlables?
I don’t think I said it would be a landslide. I may have posted an article predicting such, but that’s just food for discussion or food fights, depending on who’s commenting.
I personally would not bet against Trump after watching him destroy the Republican field and noting how unlikable his opponent is.
I’m pretty sure you were a land-slider. They all have disavowed! What happened? BTW, have you seen that thing Clinton can do with one eye? While she’s giving a speech even. I knew a guy in junior high who could do that.
Anyhoo, a test for those terrified of the Fourth Reich; what plans have you made to get you and your family to safety? What? Nothing. Not even an application for a job in Canada? Oh, right, there are a lot less jobs in Canada these days. Brazil? No, they’re even worse.
Well, maybe this lack of a plan to escape means something. Like you don’t really expect a police state. Or Hitler.
They’re all in on the paradise of China. Shanghai property, woot woot.
I did have lunch with a Canadian friend today. She said that Canada would be happy to have me, just in case I somehow wind up as a target of Trump’s army of deplorables.
“Police state, here we come. And you Trumplings will get all the credit. Congratulations!”
Obama’s Nomination Victory Speech In St. Paul
11/05/2008 03:05 pm ET
This was the moment - this was the time - when we came together to remake this great nation so that it may always reflect our very best selves, and our highest ideals. Thank you, God Bless you, and may God Bless the United States of America.
http://www.huffingtonpost.com/2008/06/03/obamas-nomination-victory_n_105028.html - 154k -
Brother of Keith Lamont Scott calling white people Devils Charlotte …
https://www.youtube.com/watch?v=-FPINyhpR-Y - 171k - Cached - Similar pages
17 hours ago … EARLIER TODAY Brother of Keith Lamont Scott calling white people evil … He continued, “All white cops, and white people are f***ing devils …
Here we come? I’d say that we’ve been there for years.
“Here we come? I’d say that we’ve been there for years.”
With an acceleration in the last 8 years.
When the “No More Hesitation” Police state ramp up looked like it was only for the Tea Party, gun owners and returning veterans I don’t seem to remember any protests or riots in the streets though.
DHS Supplier Provides Shooting Targets of American Gun Owners
February 19, 2013
Law Enforcement Targets, Inc. is a 21-year designer and full service provider of training targets for the DHS, the Justice Department and thousands of law enforcement agencies throughout the country.
The targets include “pregnant woman threat,” “older man with shotgun,” “older man in home with shotgun,” “older woman with gun,” “young school aged girl,” “young mother on playground,” and “little boy with real gun.”
Why are top training target suppliers for the government supplying the likes of the DHS with “non-traditional threat” targets of children, pregnant women, mothers in playgrounds, and elderly American gun owners unless there is a demand for such items?
This is particularly alarming given the fact that the Department of Homeland Security has purchased roughly 2 billion rounds of ammunition over the course of the last year, enough to wage a near 30 year war.
In comparison, during the height of active battle operations in Iraq, US soldiers used 5.5 million rounds of ammunition a month.
The DHS also purchased no less than 7,000 fully automatic assault rifles last September, labeling them “Personal Defense Weapons.”
The fact that targets of armed pregnant women, children, mothers in playgrounds, and American gun owners in general are being represented as “non traditional threats” “for the first time” is deeply concerning given the admitted preparations for civil unrest undertaken by Homeland Security as well as other federal agencies.
A leaked US Army Military Police training manual for “Civil Disturbance Operations” also outlines how military assets are to be used domestically to quell riots, confiscate firearms and even kill Americans on U.S. soil during mass civil unrest.
This also dovetails with the continuing characterization of Americans who are “suspicious of centralized federal authority,” and “reverent of individual liberty” as “extreme right-wing” terrorists by DHS-funded studies.
DHS Supplier Provides Shooting Targets of American Gun Owners …
http://www.infowars.com/dhs-supplier-provides-shooting-targets-of-american-gun-owners/ - 196k -
academics that never risk a dime
pedos
felons
dopers
gov workers
welfare warriors
will vote hilery 90% +++
Bigots
racists
haters
misogynists
white supremest
will vote Trump 90% +++
That’s deplorablist!
Ameriphobe
it’s a big tent just don’t drop the soap or leave valuables unattended
Hilary announced free-er housing yesterday
I’m lp-not voting trumpf
B
r
h
m
w s
“will vote Trump 90% +++”
https://www.youtube.com/watch?v=Fn0V9CA2uYE - 182k -
Janet Says No Bubbles In Sight—Just Crowdfunded House Flippers Borrowing At 14%
by ZeroHedge • September 21, 2016
http://davidstockmanscontracorner.com/janet-says-no-bubbles-in-sight-just-crowdfunded-house-flippers-borrowing-at-14/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost
OECD Warns Fed, BOJ, ECB of Asset Bubbles, “Risks to Financial Stability,” Pinpoints US Stocks & Real Estate
by Wolf Richter • September 21, 2016
http://wolfstreet.com/2016/09/21/oecd-warns-fed-boj-ecb-of-asset-bubbles-risks-to-financial-stability-pinpoints-us-stocks-real-estate/
Are unelected central bankers now more important than elected national leaders? In this country the Fed is as significant as Congress in terms of economic policy. In Japan, the BoJ is probably the most important institution of all. And it appears to be making things much worse rather than better.
Can somebody with knowledge of Japan tell us whether the bank has domestic critics?
95% of the sheeple have given their blessing to the Fed’s financial warfare against the middle and working classes by voting for Wall Street’s captured Republicrat water carriers like Obama, McCain, and Romney. You can’t fix stupid.
a tulip can be worth a lot as long as it is going up.
Hilary announces free-we housing,as if the Fed hasn’t made it free enough!
Council flats
Hillary is going to reward her oligarch donors and FSA parasites at the expense of her mortal enemies: the productive and taxpayers who foot the bills. Forward, Soviet!
they are talking about free college in ca. Rob peter to pay paul?
Nobody could have seen it coming, this epic implosion of central bank-blown asset bubbles….
http://wolfstreet.com/2016/09/21/oecd-warns-fed-boj-ecb-of-asset-bubbles-risks-to-financial-stability-pinpoints-us-stocks-real-estate/
“If interest rates increase, then asset prices decrease. The FED must keep asset prices high, because there are literally trillions of dollars of debt secured by assets (mostly commercial real estate). If the asset (collateral) prices decrease, then the banking system will collapse under trillions of dollars of debt default.”
Comment on youtube
The awake and aware, though still a tiny fraction of the population, are laughing at the discredited MSM gatekeepers and media border collies to the sheeple.
http://townhall.com/columnists/kurtschlichter/2016/09/22/were-laughing-at-the-selfdestruction-of-the-media-gatekeepers-n2221769
Are the precious snowflakes waking up?
http://www.mcclatchydc.com/news/politics-government/election/article103298997.html
Middle class sheeple are voting for their own extinction with their votes for the crony capitalist status quo.
http://www.shtfplan.com/commodities/gallup-25-million-americans-forced-out-of-middle-class-since-recovery-began_09222016
U wont get sh@t on your savings because wall street speculators need to be subsidized to keeps stocks high.
Additionally u need to sacrifice to keep the national debt serviceable.
Am i wrong?
“Companies are in the business of floating bonds to buyback stock.” LMFAO
95% of the sheeple voted to be thus swindled. TPTB must give the sheeple the reaming they demand, and deserve.
u just need to earn more currency! LMAO
Charlotte: a preview of coming attractions as the Soros thugs ramp up their thuggery.
http://www.zerohedge.com/news/2016-09-22/do-whitelivesmatter-charlotte
Are any of u gary johnson fans?
http://www.nytimes.com/2016/09/09/us/politics/gary-johnson-aleppo.html?_r=0
99.5% of the US population didn’t know that Aleppo was a City in Syria until the picture of the kid in the ambulance. I’ll bet 80%+ still don’t.
I’ll take a candidate who doesn’t know a city in Syria, but prefers much less military intervention, over candidates who flippantly topple dictators, creating power vacuums, and then sends in the US military to fix the problem.
As long as he can name the 50 capitals of the USa who gives a $h!T? His only response should be “I’ll yank our troops and support systems out of there and the whole middle east.”
“ZIRP is now a perpetual policy”
America’s RV boom is a hot opportunity for real estate developers
http://finance.yahoo.com/news/americas-rv-renaissance-red-hot-opportunity-real-estate-developers-184632358.html
home equity needs to find a home!
America’s RV boom is a hot opportunity for real estate developers ??
Some people are paying as much for their RV as they do the house they are living in…Not going to leave that sit outside for long periods of time in the weather…I have a friend that has a 38 foot pusher…He pays $400. per month for indoor storage…
Which is almost exactly what I pay in property taxes for my house.
RVs and Trailers are housework on wheels. The lady still has domestic chores, forget it. I don’t get the RV lifestyle. “I’m the mistress, not the maid” is my motto.
I’m surprised more people don’t rent them…pay a little extra and just drop it off dirty when you’re done. I suspect renting helps expose the true cost of ownership, though, and people don’t like it when that cost is so closely associated with the enjoyment. They need to spread the pain out over the whole year to make it work emotionally.
Hillary supporters receive instruction before rally.
https://www.youtube.com/watch?v=QcE5aDTszrY - 430k -
“I’m now firmly in the camp that not only will the Fed. not raise this year – they may not raise again for years. For they are not only “painted into a corner” via their own misdoings – they are chained there by Wall Street. They’ve missed the window (which myself and a few others have stated was years ago) and now that window is boarded shut in the very way the Fed. itself should have done to its own Discount Window years ago. Again: Now they’re stuck. And the only monetary policy tool available is to make Christmas a recurring holiday at every FOMC meeting going forward.
As I stated long ago, once you began hearing the Fed. refer to “the neutral rate” or the “natural rate” as a go-to defensive response to monetary policy, that was the clue that they’ve lost control and are just punting and praying. Period. But the result of all that can kicking is an ever-growing tulip-mania beholden Wall Street, and a financial repressed economy that’s having a harder and harder time of concealing crony-capitalism manifestations both large and small. (See Wells Fargo™ for the latest, but surely not the last. Remember the cockroach theory is all I’ll say to that one.)”
http://davidstockmanscontracorner.com/yellen-to-wall-st-its-christmas-in-september-so-buy-buy-buy/
What do Ameriphobes like?
Ameriphobes admire international organizations, such as the United Nations and the International Criminal Court. They regard US government agencies that highly regulate Americans, such as the EPA, IRS, FEMA, and FDA with great esteem. Ameriphobes trust government and the elite technocrats over their own judgment, and approve (only) of persons who conform.
Joel Gilbert
Why not just say governmentarians
Domestic or international
They like a fundamentally changed Murcia
Inventory right as Hilary approaches dc
Raises and new agencies soon
18 New fed agencies just for ACA
BUILT ON IT”