September 26, 2016

Landlords Beware, People Are Shopping Price

A report from the San Mateo Daily Journal in California. “Renters struggling to afford the considerable cost of living locally may see some relief on the horizon according to county real estate professionals who project the market will soften. Average rents have nearly doubled in and around San Mateo over the past five years, jumping to about $3,100 for a one-bedroom apartment, according to market data offered by RentJungle. But in the last month, average rents have been dropping incrementally, down about $100 from the heights hit over the summer, and local property managers said they expect the trend to continue. ‘We sit in these markets that are hot for so long, I think that we forget that we are starting to see the rents come down,’ said Sally Navarro, a property manager with AVR Realty in Burlingame. ‘Things are softening up.’”

“Andrew Peceimer, a representative of Westbay Real Estate Group who manages roughly 60 properties throughout San Mateo County, expressed a similar sentiment. He said the recent building boom bringing online a swath of new units particularly in Redwood City and San Mateo may begin to offer some space in a market which has been historically tight. ‘We are headed toward having an over supply on the market and rents will go down,’ he said. ‘The market will soften.’”

“Indicative of his position is data offered by real estate information company CoStar, showing average vacancy rates have jumped to 8.8 percent, up more than 5 percent from the five-year average of 3.4 percent.”

The Mercury News. “Abodo, an apartment search website, says monthly rents dropped markedly from August to September in San Jose and San Francisco. Those cities were on Abodo’s Top 10 list for the ‘Biggest Fall’ in rents for one-bedroom apartments during that period. Some observers are emphatic: ‘The prices have reached their saturation point,’ said Ron Stern, CEO of Bay Rentals, a housing relocation service. ‘Tenants cannot be soaked for one extra dollar.’”

“Particularly in Santa Clara County, he said, ‘the rental market has slowed down to almost a crawl. We do a lot of credit reports, and the number of reports we’re doing has declined. … Landlords say, ‘Is my price too high? I’m not getting any calls.’”

“From August 2015 to August 2016, said Jeffrey M. Mishkin, regional manager at the San Francisco office of Marcus & Millichap, San Francisco’s rental market ‘was flat.’ ‘One-bedrooms were down 7.7 percent year-over-year, from $3,395 to $3,150. Two-bedrooms were down from $4,500 to $4,300, a 4.7 percent drop.’ Plus, he just had received an informal report about a ‘very large owner’ of apartments on the Peninsula ‘who said that rents are down on every one of his properties.’”

“Stern advised apartment hunters to look in smaller apartment developments, rather than the larger — and often more expensive — complexes. ‘You can get a nice place for $1,600 or $1,700, maybe less,’ he said. ‘There’s a nice duplex in Campbell for $1,850 in a good neighborhood. The landlord says, ‘I don’t want to squeeze it for an extra 200 bucks. I just want to get it rented.’ ‘Landlords beware,’ he warned. ‘People are shopping price, not quality, right now.’”

The Orange County Register. “All that local construction activity is adding up to more options for Orange County house hunters. The supply of new homes for sale and being constructed was 1,093 in 2016’s second quarter, according to data from MarketPointe and the Real Estate Research Council of Southern California. That’s almost double the inventory from a year earlier and it’s local builders’ largest supply since the end of 2007.”

“So far this year, the median selling price for a new Orange County home averaged $807,000 vs. $693,000 for resales of existing, single-family homes and $444,500 for existing condominiums. The bulk of Orange County new homes for sale are priced between $700,000 and $1.5 million, so this added supply greatly aids shoppers looking in essentially the upper half of the market.”

“While it appears the overall market is not oversupplied like a decade ago, added supply will force builders to compete further. For example, Orange County’s median price for new homes this year has fallen by 4 percent.”

The Fresno Bee. “Wathen Castanos Homes is getting ready to build $800,000 houses in Marina, north of Monterey. It’s a feat the owners of the Fresno-based home-building company still can’t believe today, almost a decade after the Great Recession nearly crushed the business. ‘I don’t think any of us had the confidence that we would make it through,’ President Joshua Peterson said.”

“Now, Wathen Castanos, one of Fresno’s oldest home builders, is constructing in a dozen cities across the central San Joaquin Valley, from Tulare to Clovis, as well as the Central Coast.”

The Manteca Bulletin. “Manteca’s future health — economically and as a community — is becoming more and more reliant not on just the Bay Area/Silicon Valley but also on a larger footprint planners have dubbed the Northern California Mega Region. A recent Wall Street front page article about Silicon Valley home prices and the lack of buildable land is prompting more traditional Bay Area single family home builders to look at opportunities in Manteca and nearby. Manteca has more than 9,000 housing units in various stages of approval while next door Lathrop has 11,000 approved units as part of the River Islands project.”

“Even though City Manager Elena Reyes is upbeat about how quality housing will raise the Manteca economy, she is well aware of the downside. ‘People in Manteca can be impacted by Bay Area paychecks,’ she said.”

The Silicon Valley Business Journal. “Silicon Valley’s infamously high housing prices might be responsible for recent increases in the number of residences listed for sale. ‘We see more and more equity from price gains entice (homeowners) to sell their homes and reap those gains,’ said Ralph McLaughlin, chief economist for residential real estate site Trulia.”

“Housing inventory in Santa Clara and San Benito counties increased 8.7 percent, and in San Francisco and San Mateo counties the number increased by 19.3 percent. The third quarter was the second quarter in a row in which inventory increased in the San Jose metro area, and the third consecutive quarter for the San Francisco metro division. The largest gain in the San Jose metro inventory came from homes valued in the middle-third of the market, whose number of for-sale homes increased by 13.1 percent this quarter from 2015.”

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Comment by Ben Jones
2016-09-26 07:45:04

Oversupply, 9 year highs on new inventory, thousands and thousands of houses approved. Existing loanowners listing shacks in double digit increases just as prices head down. (Hmmm, that’s just what speculators do).

All this hub-bub about shortages and can’t build is sounding like a lot of hooey.

Comment by SW
2017-04-18 15:38:03

Even the mid-tier SFH prices in my area of coastal “everyone wants to live here” california are starting to show price cuts. that would have been unthinkable a year ago. it’s amazing just how much central bank monetary policy can obscure the forest for the trees. i’m sure many economists will get their Phd writing about the “great bubbles of the early 21st century.

Comment by Ben Jones
2016-09-26 09:01:07

‘Summer officially ended for rest of the Northern Hemisphere last week, but a panel of federal appellate judges in Washington still seems to be sweating out a ruling on an Obama administration power-and-money grab left over from the 2008 financial crisis.’

‘The government advanced $187.5 billion to Fannie Mae and Freddie Mac when the mortgages underpinning securities that those government-sponsored entities owned turned sour. Within a few years, however, the housing market rebounded, and so did the value of the government’s investment. By 2013, five years after the crisis peaked, Uncle Sam had collected $230 billion from the two companies, which is a tidy profit for the taxpayers – but a lot more when you consider that as far as the government is concerned, Fannie and Freddie still owe the full $187.5 billion.’

‘If you are trying to work out how $187.5 billion minus $230 billion can equal $187.5 billion, put down your pencil and save yourself a headache. The government deemed the payments it took from the two entities dividends, not loan repayments. And by the government’s reading of the situation, there is no way Fannie and Freddie can ever repay the loans short of liquidation. That’s because in 2012, with a third restructuring of the bailout terms, the government arbitrarily declared itself entitled to every nickel the two companies earn in the form of special dividends.’

‘This would be all well and good if nobody else owned the companies. That is not the case, however. Prior to the crash, Fannie and Freddie were publicly traded, and after the bailout private shareholders were still left with just over 20 percent ownership. This is mainly because the Treasury did not want the obligation of adding the companies’ debt to the federal balance sheet if it simply took over the companies outright. So Treasury left a fraction of the company’s shares in the hands of private shareholders. At some point, these shareholders reasonably anticipated that either the companies would get out from under the bailout debt or that the companies would be liquidated or sold, with the prospect of generating some return for the private owners once the $187.5 billion debt was repaid.’

‘The government’s current position is that those shareholders are entitled to nothing, which makes their shares worth … nothing…
Summer has come and gone, but no ruling has been handed down yet. We can only speculate as to the reasons. Some observers would probably attribute political considerations to the judges, but that is no better than a harsh guess.’

‘The fate of Fannie and Freddie has been fraught with politics for years – so much so that the administration that took office just as the crisis was getting underway is preparing to leave without ever deciding what it wants to do with Fannie and Freddie. There are many who would just as soon see the government get out of the mortgage finance business altogether, but that might all but kill the traditional 30-year fixed-rate mortgage.’

‘So the Obama administration’s approach has been to just treat the two government-sponsored enterprises as cash cows, providing an endless supply of milk. The government could offer to buy out the private shareholders, which is what any other similar takeover would require, but that would mean bringing all of Fannie and Freddie’s obligations onto the government’s books, making explicit that all future housing market risk belongs to the American taxpayer. That is not a position Team Obama has been prepared to take. All it is prepared to take, it seems, is the money: all of the money, indefinitely.’

Comment by Paid Minion
2016-09-26 11:37:34

So, they treat Fannie/Freddie investors like the private equity guys treat buyouts. Strip the assets, let everyone else be the bagholders.

Who, pray tell, are the Fannie/Freddie bagholders? Private Equity or Investment Banks? Sucks to be you, at least in this case. Maybe it’s just the price you have to pay for your government bailout.

Comment by patrick
2016-09-26 13:51:38

Funny how those 230 B in dividends originated.

Fed lent money at 0% to buy delinquent inventory (MBS) with counterfeit fiat.

F&F get paid out for shadows and pass it on to the USA.

This should be added to the deficit - not into general revenues.

What a shell game. Can I play too ?

Comment by patrick
2016-09-26 18:04:55

“What was the volume of MBS purchased?”

“The FOMC directed the Desk to purchase $1.25 trillion of agency MBS. Actual purchases by the program effectively reached this target. The purchase activity began on January 5, 2009 and continued through March 31, 2010.”

I guess this means another trillion of “dividends” will arrive in Treasury - some day !

Or will it all have been taken in fees ?

Meanwhile, if they have to pay back 187 B they go under !!

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Comment by taxpayers
2016-09-26 09:02:48

555 more millions for air bnb?
with all the fees why wouldn’t you just use craigslist.
Seems dumber than UBER

Comment by Carl Morris
2016-09-26 11:05:42

If you need at least a month Craigslist is a good place to look. For just a night or a week not so much. Plus lots of people seem to advertise in both places…Airbnb is a good way for both sides to “audition”…that’s what I’m seeing anyway. I kind of like it compared to just paying $2500-3500/mo to an apartment complex in San Jose and feeling like I have no other choice.

Comment by Ben Jones
2016-09-26 09:11:29

‘That noise you can hear is self-management dying on Airbnb and vacation rentals’

‘No matter how you cut it, this was a rough week for those who believe owner-managed vacation rentals are the future of the short-term accommodation space.’

‘To begin, Airbnb quietly rolled out its “Find a Superhost” page. This may not seem like a big deal at first glance, but think about what it implies for a second. First of all, Airbnb – the same company that built its brand as one that helps retirees rent out their spare room in order to keep the house they could no longer afford – is finally admitting that a good number of people actually don’t want to do all of the work it takes to manage an Airbnb.’

‘No matter how slick the site, the time consuming and often dirty work of managing an Airbnb is simply too much for the vast majority of people. No harm there, you might think. But that is just the start. Airbnb is also not-so-subtly acknowledging that guests actually prefer a more professional and businesslike service.’

Saw it coming years ago.

Comment by BearCat
2016-09-26 12:21:35

And if most AirBnB’s are “professional”, then there’s even less reason to let different rules apply to them (versus hotels, hostels, etc).

If the requirements for hotels and such are ridiculous (in terms of added fees and regulations), then change it for everyone, not just AirBnB. Same goes for taxis - same rules for everyone, not just Uber/Lyft (and if the regulations create a cartel, then work to change the regs for everyone).

Comment by SW
2017-04-18 16:06:03

funny. know a guy who airbnb’d his guest room. used the money for a particular goal. now that the goal is complete he has scaled back his reservations tremendously. one reason: “it’s a lot of work.”

Comment by jerzdebil
2016-09-26 09:50:23

50 year old ugly, termite infested house, “cheap” at 645K:
Apparently these houses sold for 16K when new?

All you haterz wish you could get a piece of the california dream!

Comment by palmetto
2016-09-26 11:27:58

If I could go back in time, I sure wouldn’t mind getting a piece of the California dream. Like pre-1980s.

Comment by Paid Minion
2016-09-26 11:41:43

Back in the day, one guy out in SoCal ran a (humorous) webside, the “Compton Parade of Homes”.

Comment by Eddie89
2016-09-27 11:52:04

And it’s gone pending! Loose monetary policy is the cause of this insanity!

Comment by Puggs
2016-09-26 10:11:38

It’s an awesome time to be bullish on housing!!

The “Since Lehman” meme is getting a lot of play over the weekend.

What a chart, talk about history rhyming!

Comment by Ben Jones
2016-09-26 10:16:46

‘Particularly in Santa Clara County, he said, ‘the rental market has slowed down to almost a crawl. We do a lot of credit reports, and the number of reports we’re doing has declined. … Landlords say, ‘Is my price too high? I’m not getting any calls.’

‘From August 2015 to August 2016, said Jeffrey M. Mishkin, regional manager at the San Francisco office of Marcus & Millichap, San Francisco’s rental market ‘was flat.’ ‘One-bedrooms were down 7.7 percent year-over-year, from $3,395 to $3,150. Two-bedrooms were down from $4,500 to $4,300, a 4.7 percent drop.’ Plus, he just had received an informal report about a ‘very large owner’ of apartments on the Peninsula ‘who said that rents are down on every one of his properties.’

Down 7% is flat.

‘data offered by real estate information company CoStar, showing average vacancy rates have jumped to 8.8 percent’

And thousands of units on the way. The apartment bubble has burst in California. It’s a good thing these guys didn’t refinance or pay nose-bleed prices for a 5% yield or less. Cuz if they did, cash-flow may be cash-no!

Comment by Apartment 401
2016-09-26 11:14:35

Here’s a really depressing article for a Monday:

“This sucker could go down” — George W. Bush

Comment by Paid Minion
2016-09-26 12:17:31

I’ve been fighting weight problems my whole life. I’m finding more and more that the realities of daily life for the wretched refuse totally preclude a change to a healthy lifestyle.

Working overtime, if you still have a job. Working multiple jobs to pay the bills. Working on second or third shift, or the new wrinkle, the 3-36 or 4-10 hour shift on weekends. No chance for “home cooked family dinners”, so most nights it’s either the restaurant or take-out. (never mind that it costs less than home cooked, in many instances).

Spent a week in the Bay area for school once. Yeah, everybody looked a lot healthier than us schlubs from the Midwest. Lunch was illuminating. Many healthy choices for lunch in the Bay area.
All expensive. ($15 for breakfast, $20+ for lunch, when the typical midwest price for breakfast or lunch was $5/under $10.

Not to mention that there are many parts of the US where fat kids are seen as “healthy”. Or that much of the “home cooking” in the US means frying something in fat or oil.

Forget about any help from this from your doctor. The extent of the help I get from my doctor is an annual “you need to lose weight” lecture.

The insurance companies are always claiming that obese people need more health care. Seems to me that dying sooner means that Medicare/Social Security save bucks, and the insurance company saves money because they dont need to pay for all those expensive joint replacements they have to do on “healthy people”.

I’m betting that it’s a scam, to lay the groundwork for charging overweight people more for their health insurance.

If fat people are so expensive to care for, you would think that the government/insurance companies would help pay for some pre-emptive weight-loss programs. You would be wrong.

Try pricing those programs. I was on one for about four months. Lost 50+ pounds, thanks to eating “Death Railway” type meals every day. (Soy “oatmeal”, “soup”, an occasional piece of grilled Chicken). And anti-depressants to help with the depression, when you have zero energy all day, and you realize that this $hit is the only stuff you will be able to eat the rest of your life.

But the main problem was the cost……….$5000 to lose 50 pounds. Which I gained back in 4-5 months, once I had to drop the program. (Needed the money for the lawyer)

Comment by Carl Morris
2016-09-26 13:28:45

I lost about 30lbs in China over two years without really trying. I can see that a month back in the USA and it’s slowly starting to creep back. I already identified sugar and wheat as significant differences that are harder to avoid here than you would think, and easy to avoid there. I forgot one more thing, though. Stress. Our unique American brand of employee stress. I noticed this last weekend that I was relaxed and not even thinking about sugar. During the week in the cube farm I can. not. stop. thinking. about. it. Not a good sign for working here for a long time unless I can somehow get closer to the mindset I had when I was calling my own shots.

Comment by Mole Man
2016-09-26 13:45:38

This seems like an oversimplification. My lunch today was a $5 take out box from Mehfil (means “picnic” in Urdu) on Second near Market where downtown San Francisco meets South Beach. This included big helpings of veggies and chicken in richly spiced traditional sauces.

Going back to housing from food this seems similar. San Francisco has been building thousands of units each year after a long lull of low construction activity while adding tens of thousands of jobs yearly for some time. Prices and markets may be borked, but it is hard not to see a shortage developing. If workers are hired and no housing units are built, then where do they go? Drive to qualify is broken because suburban locations are even more fully dominated by NIMBY and BANANA activism. The reality is that markets are so messed up that the real shortage is all but impossible to resolve since housing is worth more as a round of play in the latest scheme rather than banal use as a place to store stuff and sleep.

Comment by snake charmer
2016-09-26 14:37:27

I’ve noticed that the total cost of pizza dough, shredded cheese, and a couple of basic toppings approaches or exceeds the cost of an actual pie. Kind of makes build-your-own a tough proposition, especially when time is factored in.

Comment by junior_bastiat
2016-09-26 15:47:54

I came to realize the “wellness” programs offered by companies was just big brother monitoring with next to no incentives for actually maintaining/improving your health - no discounts for healthy eating, gym membership, massages/chiro/accupunture, etc. Bailed on it almost immediately, just another way to screw over the masses in this country.

BTW, gsfixr - get those ready made salads and a fruit juice (no sugar) for lunch from a super market, or even the night before. Energy+good for you.

Comment by Raymond K Hessel
2016-09-26 17:16:58

I got a call from my insurance provider requesting that I fill out an extensive “health questionaire” in return for a $75 voucher. I told them to kindly f**k off, as their pitch - “We want to help you meet your wellness goals” - rang false. I told them I MIGHT fill out their questionaire in return for a $7500 voucher, but am not inclined to give my personal and private data to insurers for such a piddling amount.

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Comment by oxide
2016-09-27 08:41:30

Pre-emptive weight loss programs

You know who tried that? The First Lady. She made a huge effort to get healthy lunches in the schools, and for her trouble she was mocked as “Moochelle” Obama. And now we have stories of kids throwing out the healthy food, and parents complaining that the kids were “hungry and can’t learn,” so they mob the Chick-fil-A or the 7-11 after school. And whom do they blame? Riiight. Moochelle.

Paleos are still learning, but the concepts are gaining steam:
Stay away from wheat.
Stay away from added sugar.
Stay away from vegetable oils: soybean, cottonseed, corn, canola, etc.

If you want to lose weight, eat ONLY fatty meat, veggies, and herbal tea with stevia. You can do it with salad bar meat and frozen veggies, which doesn’t take much time.

I agree, the health programs at work are just a Big Data scam. I’m not wearing a fitbit so they can sell my info. There is some value to 10,000 steps a day, but real health is made in the kitchen.

Comment by rms
2016-09-26 20:14:50

From the comments: “The physical strain to the physician in caring for the morbidly obese is a real factor-doing a C-Section on a 500 Lb. women (which is not so rare unfortunately) causes significant pain in the surgeon, and the anxiety of having complications exceeds that in caring for many other patients.”

Haha… amazing that a pipe-fitter is still willing.

Comment by palmetto
2016-09-26 11:15:26

So who’s watching tonite? Anyone going to be doing a little live-blogging here on the HBB?

Comment by Ben Jones
2016-09-26 12:03:28

I’ll probably be here if it’s on the intertubes.

‘Until recently, you didn’t hear people being referred to as “globalist” very often. But in a time of rising nationalism, those who see the upside of globalism have become a distinct — and often embattled — tribe. Last week, the globalists had a big family reunion in New York. The gathering was focused on the United Nations General Assembly, but a growing array of side conferences and summits and dinners also attracted concerned internationalists of every stripe: humanitarians, leaders of nongovernmental organizations, donors, investors, app peddlers, celebrities.’

‘But an absence haunted the week. Almost by definition, nationalists and localists are underrepresented at these global gatherings. Their paucity was especially notable this time, because the rising signs of nationalism — whether in the form of Donald J. Trump’s winning the Republican nomination, the British vote to leave the European Union, or the German backlash against Angela Merkel’s welcome to refugees — hovered like a specter over many of the discussions.’

‘Again and again, in private conversations and in public forums, the globalists spoke of feeling besieged. Take the valedictory address of former President Bill Clinton, the paterfamilias of the globalist reunion. The Clinton Global Initiative is one of the major factors in helping to transform what had been a week centered on United Nations diplomacy into a broader Davos-on-the-Hudson for international aspirations. Mr. Clinton spoke of the globalist vision of a “nonzero-sum” world in which everyone wins together and of how that idea was under attack by “zero-sum” tribal politics.’

‘In a discussion Mr. Clinton moderated on shared prosperity, his four guests were esteemed globalists. But the panel’s insight was limited by the absence of anyone who could explain populist ire with authenticity — who could explain why, as Mr. Clinton put it, “the intensity of the feelings of people resisting our being pulled together outweighs the intensity of those who are winning from this.”

‘I asked Mr. Clinton after his conference about the challenge of balancing help for Kenya with care for Kentucky, in an age when Kentucky anger threatens to push the United States toward less engagement in foreign problems. “What you call ‘Kentucky anger’ is being fed in part by the feeling that the most powerful people in the government, economy, and society no longer care about them, or look down on them,” Mr. Clinton responded via email. “The pain and road rage we see reflected in the election has been building a long time,” he added.’

Comment by Ben Jones
2016-09-26 12:17:56

‘the intensity of the feelings of people resisting our being pulled together outweighs the intensity of those who are winning from this’

Well yeah. Take you for instance, Mr Bimbo D**ker. Your wife said you were broke when you left the White House. Now you have globalists throwing millions at you. Meanwhile, out here in the fields, houses are through the roof, rent has skyrocketed, incomes are down. I bet you wonder why all those people you pass in your limo are giving you Da Meddle Fanger.

Comment by palmetto
2016-09-26 13:45:41

“I’ll probably be here if it’s on the intertubes.”

According to Zero Hedge’s debate guide, it will be on all the major broadcast and cable networks.

As to live streaming via the interwebs, as far as I know it will be on CNN and Infowars. There may be others, though.

I had fun here the night of the Brexit vote, Zero Hedge had excellent coverage, it was like watching a horse race. I wonder what this will be like.

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Comment by Rental Watch
2016-09-26 15:33:05

I’d bet that YouTube will live stream.

Comment by Rental Watch
2016-09-26 15:34:06
Comment by Ben Jones
2016-09-26 16:21:34

Thanks. I guess you’ll be munching on some crow kebabs this evening?

Comment by junior_bastiat
2016-09-26 16:47:23

I’m curious if Hillary has been genuinely preparing or if they just had her on ice, hoping to keep her fresh so as to avoid another seizure/collapse. Kind of like a dead fish. Think they had her in a chamber and pumped in carbon monoxide? Hope they remove the sticker that says “Fresh, product of the USA wild” from her forehead!

Comment by Paid Minion
2016-09-26 12:37:01

“………..being pulled together outweighs…….”

Change that to “…….being screwed over……..”

Eff this Kumbaya around the campfire/one big happy world crap being crammed down our throats. Even of the globalists weren’t throwing the US Middle Class under the bus in favor of a World-Standard, where 10% of the people own 99% of the assets.

I claim the Universal Human Right, of believing that some people and cultures suck. (Starting with neavo-Texans, politicians, and lower Manhattan residents….. LOL)

Comment by Carl Morris
2016-09-26 14:40:09

Even if you assume that globalism will result in higher overall growth (”non-zero sum”) and tribalism will result in lower overall growth (”zero sum”) how can you sell that to the tribalists if the they won’t be the beneficiaries of any of that extra growth?

Comment by bill, just south of Irvine
2016-09-26 12:35:55

I’m watching my program compile tonight - dual screen monitor running a virtual machine hosting Ubuntu. Far more productive work than honoring tyrants.

Comment by Ben Jones
2016-09-26 12:51:51

I want to see if Her<- gets schlonged again.

Comment by Jesus Navas is my Lord Savior
2016-09-26 13:01:52

Will trump behave tonight? I am sure the moderators will be all in to get him riled up. Sounds like a must watch TV….but sorry still can’t do it.

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Comment by In Colorado
2016-09-26 14:19:08

I want to see her eyes roll back followed by her handler rushing out to catch her before she hits the floor.

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Comment by Raymond K Hessel
2016-09-26 18:08:37

I bet you couldn’t get laid in a women’s prison, Bill.

Comment by snake charmer
2016-09-26 14:40:08

I am going to watch, despite my position that the presidential debates are pseudo-events, much like the conventions.

Comment by palmetto
2016-09-26 15:03:04

LOL, I haven’t watched a presidential debate since Perot. And even that wasn’t much fun. “They” say that the debates are won or lost in the first 30 minutes. I’ll see how I hold up. Would be fun to see Hillary lose it, however that happens.

Comment by Apartment 401
2016-09-26 16:43:09

who’s watching tonite? Anyone

The local team’s victory got me a 50% off pizza that I’ll be tossing in the microwave at 9pm EDT for this. Jolly good show m’lads, jolly good show indeed.

Comment by Raymond K Hessel
2016-09-26 17:18:30

The outcome of the debates will not change the fundamental fact that the Republicrat duopoly has been bought and paid for by Wall Street and the corporate cartels, or that 95% of the ‘Murican electorate are low-IQ mouth breathers who will meekly bend over for whatever TPTB have in store for them.

Comment by Don!
2016-09-26 14:59:07

Cankles is going to lose it. I wouldn’t be surprised if that dead eyeball falls out and rolls across the floor.

Comment by palmetto
2016-09-26 15:30:39

The Dilbert guy, Scott Adams, said people in the audience should start coughing and see if it gets Hillary going.

Comment by Salinasron
2016-09-26 16:19:52

I cannot wait for CANKLES to go into her BARKING DOG routine!

Comment by phony scandals
Comment by Raymond K Hessel
2016-09-26 17:21:41

One great tune dedicated to a screen goddess deserves another.

Comment by Tarara Boomdea
2016-09-26 22:00:19

Evita Original Broadway TV Commercial

I vaguely remember NYers referring to her as Evita when she became our carpetbagging senator.

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Comment by phony scandals
2016-09-26 17:08:52

OK it’s the FEEMA camp for me.

In the BAD IDEA TShirt ad on the sidebar there is a blonde chick wearing a Tshirt that reads…


Comment by Raymond K Hessel
2016-09-26 17:22:45

You’re so going to get Arkancided….

Comment by phony scandals
2016-09-26 18:12:48

Is that a fresh Turkey tuck on Cankles neck?

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Comment by Obama Goons
2016-09-26 15:29:17

Hillaryous is unelectable.

Comment by Raymond K Hessel
2016-09-26 17:23:46

The election will show the vermin quotient in our formerly great country. I’m guess it will be above 50%.

Comment by azdude
2016-09-26 16:46:52

it must me nice to manipulate your own portfolio.

Comment by Don!
2016-09-26 20:38:55

Doing that right now…

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