September 30, 2016

The Market Is Getting Ready To Make A Big Switch

A report from KSBY in California. “If you live in Santa Maria, you may have noticed more homes for sale in your neighborhood. There may have been a lot of price reductions, too. One local realtor says the market is getting ready to make a big switch. ‘We start seeing it shifting from a sellers’ market now to an actual buyers’ market,’ said Vatche Maestas, a real estate agent with Keller Williams. ‘We are not seeing the rapid price increases now. A year ago, we could put a house the market on one month, and the following months it could go up by $10,000. We aren’t seeing that. Right now, we are seeing more price reductions.’”

“And according to agents, new homes are selling quickly. The challenge is the older, higher-priced homes, which are stalling out. ‘Save me some money,’ said Mike Alexander, a home buyer and Orcutt resident. ‘We’ve waited a while, so were looking forward to it. The only question we have is, ‘Do we wait longer and get a better deal? Right now, I’m seeing more and more property coming available.’”

The Marin Independent Journal. “The median price of a Marin home was almost $1.1 million last month, up 14 percent from the previous August, according to CoreLogic. In contrast, prices in San Francisco edged up a mere 1 percent this August compared with August 2015. Price jumps and drops in the Bay Area generally begin with San Francisco and radiate throughout the area. ‘The rate of increase in appreciation is starting to level off,’ said Peter Nielsen, an agent with Marin Realty Experts. ‘The upper range is softening. Also, I’m seeing price decreases once in a while.’”

“Nielsen said the decreases are probably ‘more a case of someone operating under the assumption that the appreciation is skyrocketing and they are trying to hit that next level.’ Instead, Nielsen said, ‘it may be time for sellers to take a more realistic look at their pricing and not keep trying to break the record.’”

The Orange County Register. “California’s housing market will post modest gains next year amid tight supplies and the lowest housing affordability in six years, the California Association of Realtors forecast Thursday. Home sales are leveling off. Prices are rising more slowly. And even with mortgage rates near all-time lows, the California housing market is making a lackluster recovery from the Great Recession, said Realtor Chief Economist Leslie Appleton-Young.”

“‘I think we’re getting close to the peak of the market, but we haven’t really had a stellar recovery either,’ Appleton-Young said in an online news conference. ‘What you’re seeing in the California housing market is not what I would consider robust activity.’”

“Even though the market is approaching its peak, she said, it’s not edging toward a crash – barring a major catastrophe like sudden mortgage rate hikes or a stock market meltdown. ‘It’s really going to be more of a slow squeeze than a big drop,’ Appleton-Young said. ‘We’re living that right now.’”

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Comment by Ben Jones
2016-09-30 11:03:50

‘according to agents, new homes are selling quickly. The challenge is the older, higher-priced homes, which are stalling out’

When the new construction starts undercutting the existing market, it’s curtain time. From the OCR article:

‘the supply of homes for sale averages three to four months, compared with an average of five or six months before 2011. That, said Appleton-Young, is “the new normal.” “The level of unsold inventory for the foreseeable future is going to be lower,” she said.’


‘There may have been a lot of price reductions, too. One local realtor says the market is getting ready to make a big switch…‘We are not seeing the rapid price increases now. A year ago, we could put a house the market on one month, and the following months it could go up by $10,000. We aren’t seeing that. Right now, we are seeing more price reductions..’The only question we have is, ‘Do we wait longer and get a better deal? Right now, I’m seeing more and more property coming available.’

No bubble eh?

‘A year ago, we could put a house the market on one month, and the following months it could go up by $10,000′

Comment by jerzdebil
2016-09-30 11:33:45

RE market is a lot weaker than even many bears are aware of methinks. I was considering buying a lot at the “bottom” of this cycle, about 3-4 years ago. When I saw it posted online, I was first to meet with the agent, all kinds of richy rich people were showing up after. I passed, more than I needed. Come to find its back on the market - it never sold! Even the richy riches wouldnt bite. Seen this with a bunch of other lots as well, and more recently a house that sold 2 years ago after almost 3 years (!) on the market, back on and the current owners are trying to just get out what they paid for it, but that aint gonna happen in this market.

Fact is, the market never got a really good reset in this current cycle for the average joe - there were screaming deals, but you had to be an insider or able to pull off an all cash deal.

Comment by inchbyinch
2016-09-30 12:50:14

Yep, it’s a bubble inside a bubble. In 2012 we bought our cottage (modest one-story home) and it was down $200K from a bubblicious peak, but easily had another $125K to go. Not so fast joe public modest home buyer, it’s not going to deflate back to an income indexed reality, and up it went again after we closed. Our shack could fetch $550K right now. BFD, this shack is paid for. Not moving.
So Ca

Comment by Mafia Blocks
2016-09-30 13:40:43

Only if you can find a buyer for that run-down shanty. Given the fact housing demand is it 20-year lows and home ownership rate is it 50 year lows it’s kind of doubtful.

Comment by Jesus Navas is my Lord Savior
2016-09-30 13:44:56

Not so fast joe public modest home buyer, it’s not going to deflate back to an income indexed reality,

Did Suzanne tell you this?

Comment by inchbyinch
2016-09-30 16:47:15

It was a joke. Right now, our model w/ a pool will fetch $550K, but who cares. A buyer for a one-story home in our modest neighborhood is not the problem, but knowing where our quality of life would improve is (and we could afford- I like pricey areas). We’re staying put.

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Comment by Jingle Male
2016-10-02 04:39:56

“….not moving”.

This is partly why the market is so much more stable than 2005. Many more qualified home owners with little or no leverage. That is a lot different from the 0% down 80-20 sub-prime NINJA borrower we saw everywhere in the ‘05 bubble.

I have a similar situation: it would cost me 25% more just to rent! Not moving!

Comment by rms
2016-10-01 03:49:06

“BFD, this shack is paid for. Not moving.”

I’m there too; don’t miss writing those mortgage checks. However I just had to drop $10k cash on a new variable speed heat-pump/air handler with the latest R-410A refrigerant. No such thing as everything paid for… something always happens.

Comment by SW
2016-09-30 19:35:21

Exactly why I didn’t get back into the market at the bottom. To me it wasn’t a real bottom.

Comment by Jingle Male
2016-10-02 05:04:21

Interesting. Where is the lot located?

I have a completely different experience. I bought 2 lots in 2011 from banks for $50k each. I sold them both rhis year for over $200k each. They are in the Sierra Foothills above Sacramento. The properties were purchased by buyers ready to have a new home built for themselves.

Comment by taxpayers
2016-09-30 11:45:16

Inventory tight in 22151 w no price movement
And that’s w Hilary coming to save the Fed workers

Comment by CHE
2016-09-30 12:09:43

“It’s really going to be more of a slow squeeze than a big drop”

Soft landing?


They’re bringing out the don’t panic metaphors… must be time to panic.

Comment by Lesser Fool
2016-09-30 13:52:13

It’s really going to be more of a slow squeeze than a big drop

LAY and other realturds in 2006/7 were talking about a permanently high plateau. This is a rehash of that. They think people are stupid and/or have short memories. Oh, wait.

Expect a re-formulation of this oldie next: “There’s never been a better time to buy or sell a house”. When you see that sentiment you’ll know that the turds are in full panic mode because sales have ground to a halt, along with their commissions. They won’t mind sellers panicking and lowering their prices then.

Comment by Ben Jones
2016-09-30 14:38:23

‘it may be time for sellers to take a more realistic look at their pricing’

Comment by Lesser Fool
2016-09-30 14:50:18

Remember when they couldn’t even say “depreciation”? They had to resort to “negative appreciation”. Here is the full sequence:

soaring prices
stellar growth
steady appreciation
negative appreciation
buyer’s market

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Comment by Ben Jones
2016-09-30 12:32:52

Santa Maria, CA Real Estate and Homes for Sale
312 Homes

Santa Maria, CA Price Reduced Homes for Sale
122 Homes

One chosen at random:

515 N Palisade Dr, Santa Maria, CA 93454
6 beds 3 baths 2,262 sqft

09/10/16 Listing removed $436,900 $193 –
09/06/16 Price change $436,900-0.7% $193 –
08/29/16 Listed for sale $440,000+37.5% $194 Owner
08/07/08 Sold $320,100 $141 Public Record

Zillow says it’s off market, says it is for sale:


Taking that extra dollar off is genius UHS logic. In that last link, check out the chair in the driveway with a sign taped to it.

Comment by the spider monkey
2016-09-30 12:48:21

A lot of the used houses in S.M. are old, built in the 50’s, 60’s, 70s, and smaller. No offense to people who enjoy living there, but personally I think the town is a craphole. The slashing doesn’t seem to be all that severe yet (just casually browsing the zillows), yes there’s some minor slashing, and many are just sitting there idle.

Still have a long ways to go yet. Could take years for this to play out imo.

Comment by bill, just south of Irvine
2016-09-30 13:23:51

Yeah. Molding, rotting 50s/60s houses. Yipes.

Comment by Mafia Blocks
2016-09-30 13:44:18

“Could take years for this to play out”

Depends how much you want to limit your losses. The longer you wait the more you lose.

Comment by the spider monkey
2016-09-30 15:56:29

Yeah. I’m not sure if any amount of slashing would convince a new influx of buyers to move to those places, as they are pretty far outside the major employment centers of the state. You could probably slash by 50% and still not get any interest. (well that may be an exaggeration..). It’s basically farmland and some rich ranches.

Who knows, maybe a new crop of Chinese buyers will come in and buy it all up. They could get discounts on fresh tomatoes. :)

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Comment by Mafia Blocks
2016-09-30 16:51:24

It doesn’t much matter where the rotting depreciating shacks are.

Comment by the spider monkey
2016-09-30 17:28:38

Yes. The decomposing, filthy heaps of infected biological matter they call houses. :)

Comment by the spider monkey
2016-09-30 17:37:05

For those shacks built in the 40’s and 50’s, etc..

Think about it. Generations of people living inside. 50-60 *years* of people 1) breathing their sick in there, 2) farting and pooping up a storm, 3) the oils in their skin smeared on everything. The walls must be permanently stained with their human filth. You may not be able to see it, but it’s there.

Bulldoze them.


Comment by Mafia Blocks
2016-09-30 18:19:46

Houses are money pits my friend.

Comment by dropping like a rock
2016-09-30 13:19:40

don’t panic metaphors

Known as Santa Manure by the locals. Lots of MX gangs there too.

Comment by Ben Jones
2016-09-30 14:36:09

I’ll let you comment again, just watch your manners.

SM fell first last time too.

Comment by dropping like a rock
2016-09-30 16:14:23

Gracias Ben! Going cold turkey was rough.

The only good thing about Santa Maria is it is 60 miles from the world class city of Santa Barbara. Orcutt, just south of SM is not as bad and it has a good Catholic HS.

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Comment by Jingle Male
2016-10-02 04:58:16

I like Santa Maria. It is an attractive place. The only problem is it’s location: Miles from anywhere and no real industry. It’s like a suburban cul de sac…..and they always get hit first in the downturns.

So if we all agree there are signs on the horizon, the only question is how deep will this correction go? 2006-2010 went down 35_45%.

I am guessing this one drops less than 10% in 2016_2020… matter which candidate wins!

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Comment by the spider monkey
2016-09-30 15:40:16

That whole stretch of the highway 101 going through the central coast region is basically “Drive Thru” country for people making trips either from LA -> SF or vice versa. They are places to fill up your gas tank and get a bite to eat at McDonalds. Not quite as much as the little towns up and down the 5, but it’s basically the same thing, with more people.

S.M. does have nice weather, though.

Comment by dropping like a rock
2016-09-30 16:25:00

Huh? The central coast is about as nice as it gets on planet earth.
Santa Barbara
San Luis Obispo - drive-throughs are not allowed
Wine Country - got Zin?
mountain biking
Big Sur
cool people
greet local beer
perfect weather
no traffic
high prices keep it competitive

I did not build it, just seen lots of the world to compare.

LA and SF are gross in comparison. People come here to escape those rate cages.

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Comment by the spider monkey
2016-09-30 16:47:22

Where do they work?

Comment by Mafia Blocks
2016-09-30 16:53:42


It’s the California Menu.

Comment by inchbyinch
2016-09-30 16:58:09

A syndicator in one of my networking groups has owned SFH rentals in Santa Maria, having purchased them two decades ago (good timing), and they are cash flowing for him. Diverse economy up there, believe it or not (per him) Funny to see all the newbies thinking they can duplicate his business plan. Idiots.

This guy does his due diligence and gets his numbers crunched. He also owns some beach property syndications. Very smart dude.

Comment by rms
2016-10-01 04:06:38

“The central coast is about as nice as it gets on planet earth.”

We really enjoyed the Central Coast, but we were priced-out by the moribund local economy and rising asset prices driven by the equity locust invasion.

Comment by the spider monkey
2016-10-01 04:57:28

Last time I was in that area, the majority of the employment was construction jobs.

Comment by the spider monkey
2016-10-01 04:59:08

And a lot of it was finishing projects from 2007.

Comment by Raymond K Hessel
2016-09-30 12:40:04

Gary Johnson is a retard. Is this the best the Libertarians can do?

Comment by Jesus Navas is my Lord Savior
2016-09-30 13:45:57

Looks dazed and confused. Too much drugs?

Comment by Don!
2016-09-30 14:40:08

Who knew Raymond was such a huge advocate of school busing?

Comment by taxpayers
2016-09-30 19:27:01

Vote for weld

Comment by rms
2016-10-01 04:09:34

I thought Jesse Helms killed him? :)

Comment by Professor Bear
2016-09-30 23:58:00

Speaking of retards, how many minority women did The Donald fat-shame today? It seems like Trump is compulsively self destructing as the race enters the last lap.

Comment by rms
2016-10-01 12:18:39

“Speaking of retards, how many minority women did The Donald fat-shame today?”

That used to be the family physician’s responsibility.

Comment by Professor Bear
2016-10-01 17:35:13

It seems very weird for a presidential candidate to wake up in the middle of the night to go on a twitter rant against a beauty pageant contestant. Whatever presidential is, this is the polar opposite.

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Comment by Jingle Male
2016-10-02 05:11:38

“how many minority women…”

What does “fat-shaming” have to do with race. That’s not very presidential of you!

Comment by Raymond K Hessel
2016-09-30 12:45:20

Rents are plunging in San Francisco and NYC. Prolly just a statistical anomaly….

Comment by Ben Jones
2016-09-30 13:01:55

‘Now incentives are piling up, such as one month free rent – previously a rare occurrence in San Francisco. These incentives are not included in asking rents. The rent decline for the median two-bedroom amounts to $2,523 a year. Together with one month free rent, the actual decline in asking rent for the first year is $7,303, or about 12%! A big plunge for both landlord and tenant. But it’s just the beginning.’

‘What a difference! Here is what happened a year ago, according Zumper’s October 2015 rent report: High priced cities are getting more expensive; in fact, the top four cities on our list all saw rent increases in the near term. San Francisco widened its gap between NYC…. September again marked a new record high for the city, now with a median one bedroom of $3,620 and two bedroom of $5,000. Rents in the city are up 13.1% in the past year.’

‘Note the double-digit year-over-year rent increase. At the time, there were zero incentives.’

‘The supply of rental units on the market is ballooning. On Zillow, there are 1,237 apartments listed as available for rent in San Francisco, up 7.7% from a month ago (1,149 units) when I last wrote about it. The Zillow image below only shows 500 units. If all available units were shown, over one-third of San Francisco would be solid purple. Note the dots that say “9+.” They represent larger buildings, some of them with dozens of vacant rental units. You can see these towers South of Market and in some other pockets.’

‘ lists 3,534 apartments for rent, up 14% from the 3,094 units a month ago, and up 54% from the 2,302 apartments it listed in June.’

‘The densest clusters of units in both charts are in areas where the high-rise construction boom is most obvious. It’s not just apartments. Condos purchased by investors play a role too. The construction boom created numerous condo towers. Investors who bought the preconstruction units but have no intention of living there are trying to sell them, which is getting difficult, so they’re showing up on the rental market.’

‘Most of these new units are higher end. But as landlords are cutting rents and piling on incentives, they’re pressuring the levels below, and then those levels have to cut rents and offer incentives to compete with then nicer new units, and over times, these pressures cascade all the way down.’

‘New York City is facing similar dynamics: high rents that are crimping demand and a construction boom that is adding an enormous amount of supply. Median asking rents fell 5.9% year-over-year to $3,040 for a one-bedroom apartment and 7.2% to 3,470 for a two-bedroom apartment, not including incentives.’

‘With the additional incentive of one-month free rent, the 12-month cost for the tenant (and revenue for the landlord) plunged by $6,700, or 15%!! A sea change from a year ago.’

‘At the time, there were zero incentives’

Well now, Rental Watch assured us incentives were always used in new developments.

‘It’s not just apartments. Condos purchased by investors play a role too.’

Ho, ho, ho! Meeerry Christmas everyone!

Comment by Jingle Male
2016-10-02 05:35:04

I remember waiting for rents to drop in the SF Bay Area in 2008. They went up about 15% to $1400. Finally, they dropped in 2009 & 2010 about 10% to $1250, plus some free rent.

Things were more stable in 2011, but went back up in 2012. Four years later, rents for an OK 1 bedroom are $2100. That is up 50% from 8 years ago. The landlord just sent out a notice that rent is going to $2250….up 7% for 2017.

Moving to a new complex would cost $3250….though there is a month free….it’s tough in the Bay Area.

Comment by Raymond K Hessel
2016-09-30 12:57:43

95% of African-Americans voted for hope n’ change Goldman Sachs can believe in. Now they’re getting what they voted for. Stupid should hurt.

Comment by Don!
2016-09-30 15:25:54


Comment by aNYCdj
2016-10-01 05:43:25

maybe its because they have too many kids??? i had a GF who worked in foster care and adoption and it was next to impossible to find black families with extra money or bedrooms to take on a foster child or adopt one.

it seems there is a big cultural gap in taking care of someone elses child even if you personally can’t have any.

Comment by Overbanked
2016-09-30 14:23:25

Actually, I would interpret that data to mean that these enns AREN’T stupid. Consequently, they WON’T get hurt as much as others when this bubble pops.

Unless you’re snowballing with Jingle and Confidence Watch.

Comment by Jingle Male
2016-10-02 05:39:31

You’re not Overbaked….just Underbrained!

Comment by Raymond K Hessel
Comment by junior_bastiat
2016-09-30 16:00:31

This recent train wreck in New Jersey got me thinking - why the hell is the government pushing for autonomous cars when they could work on trains first - they’re on tracks for petes sake!. Now the operator of the train is being interviewed - we’ve seen this story before when wrecks have occurred due to the operator texting or some such. Wouldn’t it be sensible to have trains use some of this wonderful technology they’ve developed?

Years ago I followed the DARPA grand challenge with great interest, and recall that after Cornell was successful it was still noted in articles about it that autonomous vehicles were at least 25 years off. The grand challenge was a closed course, nothing dynamic if I recall correctly. So it surprised me to learn that companies like google and tesla were somehow allowed to test their cars in autopilot in public in the past few years - how did that happen, and where is the push coming from? Tech doesn’t move that fast. I looked it up, and sure enough the feds are handing out money to car makers to “research and develop” autonomous operation. Could this be a backdoor way to bail out/fund car makers - once again? A Tesla recently crashed and I read that Elon Musk was saying they weren’t going to rely solely on video cameras - implying the use of radar and/or lidar. I have worked a fair amount with video tracking, radar, and to a lesser extent, lidar data. Just as with video, you can have all kinds of sensor artifacts that lead to false positives, false negatives, etc. To put your life on the line in a car with these sensors is ludicrous - and that doesn’t even touch on the exorbitant cost of these sensors - not cheap!! Unless the cars were to go so slow that an impact would have minimal effect on safety, I just don’t see this being anything other than a backdoor way to funnel money to car companies.

Comment by dropping like a rock
2016-09-30 16:29:19

+1 I agree. Mass transportations improvements makes a lot more sense.

Comment by NH Hick
2016-09-30 16:52:38

The govt. wants autonomous cars so they can have even more control over your life and one of the remaining freedoms you have. Look how much the govt. has stuck it’s nose into the auto industry over the years, regulating everything from soup to nuts on autos. I’ll take a reliable pre-OBD 2 vehicle any day to these new crapboxes at ridiculous prices, with gizmos galore. Got Elizabeth Dole Lights?, TPMS monitors? Sealed aluminum 8 speed high priced transmissions? Computer systems that your local independent mechanic can’t diagnose because he doesn’t have the software, only Mr. Goodwrench does. The govt. has wrecked the auto industry, and cost everyone money in the process.

Comment by inchbyinch
2016-09-30 17:05:31

U.S. Rail Safety Improvement Act of 2008
positive train control (PTC)

Comment by phony scandals
2016-09-30 18:28:14

“The govt. wants autonomous cars so they can have even more control over your life and one of the remaining freedoms you have”

Stripes: That’s The Fact Jack - YouTube - 198k -

Comment by junior_bastiat
2016-09-30 18:43:36

Good point NH Hick - making cars unaffordable by all but the 1% is the goal as well. OBD is nonsense - why can’t I plug in my laptop (with software I get when I buy the car) via USB and figure things out? Backup cameras are mandated now as well - for some cars it makes sense, but for all? Any moderate ding in your car results in unreal costs to get it fixed. Just a cheap basic car (tata maybe?) is what most people could use. And of course in the ultra lib states like clownifornia you can’t have an old beater - it doesn’t pass their insane emissions standards.

I just heard commiefornia is now going to regulate dairy farms out of existence due to cows’ contribution to global warming. Obviously people are going to be next - maybe take away mexican food, or at a minimum beans? What is going to be left in that state except the porn industry, weed clinics, and the nazi like state regulators and their paper pushing army? I was born and raised there and can’t fathom what its become.

Comment by Ho Ho Ho Merry Christmas!
2016-09-30 17:20:45

Edgewood, WA Housing Prices Crater 6% YoY

Comment by phony scandals
2016-09-30 17:59:11

Hurricane Matthew, currently a Category 4 is going to come close to SE Region IV but I believe we will continue to be protected by the failed predictions of the Climate Scientists.

Throwback Thursday #5 – failed global warming driven hurricane predictions 10 years after Katrina
Anthony Watts / August 27, 2015

Oh the mighty media quoting the mighty scientists…have fallen flat on their face. Here’s a collection of failed predictions in the wake of Hurricane Katrina:

In 2006, CBS’s Hannah Storm Claims Katrina-like Storms Will Happen ‘All Along Our Atlantic and Gulf Coastlines.’ Just five days before Hurricane Katrina’s one year anniversary, CBS news anchor Hannah Storm featured climate alarmist Mike Tidwell on The Early Show to discuss his book, “The Ravaging Tide.” “I think the biggest lesson from Katrina a year later is that those same ingredients, you know, a city below sea level hit by a major hurricane, will be replicated by global warming all along our Atlantic and Gulf Coast lines,” Tidwell said on August 24, 2006. Tidwell then went on to claim that cities all along the coast would be underwater due to increased hurricane activity and intensity “unless we stop global warming.” In a 2009 Washington Post op-ed, Tidwell explained just how far he thought people should go to “stop global warming.” After comparing the current global warming problem to the civil rights movement of the 1960s, he insisted that “After years of delay and denial and green half-measures, we must legislate a stop to the burning of coal, oil and natural gas.”

‘No End In Sight’ For Big Hurricanes, CBS Says Less than a month after Katrina made landfall, CBS anchor Russ Mitchell predicted that there would be “continued high levels of hurricane activity and high levels of hurricane landfalls for the next decade or perhaps even longer.” “For years now, experts have been saying we’ve entered a period of increased hurricane activity that may last a long time.” Mitchell said on the Sept. 22, 2005 Early Show. Later in the broadcast he added, “since 1990, the number of big hurricanes in the Gulf is up again, and there’s no end in sight.” Now, a decade later that prediction looks laughable since there hasn’t been a major hurricane (Category 3 or higher) to make landfall since October of 2005, when Hurricane Wilma struck Florida.

NBC Blames Global Warming for Stronger Hurricanes, Says It’s ‘A Trend That’s Likely To Continue’ In the weeks following Katrina, NBC turned to global warming as the hurricane’s cause. On September 18, 2005, Nightly News anchor John Seigenthaler said, “scientists studying the earth’s climate say we are experiencing stronger hurricanes in this century, a trend that’s likely to continue.” NBC’s chief science correspondent Robert Bazell continued, asking: “Was Katrina a warning of more terrible hurricanes in the next few years?” Bazell admitted “one storm cannot prove anything about climate change,” but claimed the projected ocean temperature rise would cause more severe storms through the end of the century. That NBC report included climatologist Stephen Schneider who said, “humans won’t make the storms, but we can make them a little stronger than they otherwise would have been.” - 290k -

Comment by phony scandals
2016-09-30 18:37:11

Looks like it’s almost time to throw old Hillary in the back of the van and put her back in the shop for a few days.

Hillary Clinton attempts to stave off coughing fit in Fort Pierce, Florida - 175k - Cached - Similar pages
8 hours ago

Comment by Mafia Blocks
2016-09-30 20:04:23

The poor donks. The poor poor donks.

Comment by Bubble Boy
2016-09-30 20:07:14

I don’t understand why the media considers house prices reaching the prior bubble peak a “recovery”. Hello? The prior peak was a *bubble*, which means it is not a sustainable price for housing. Why would you expect, and think it “healthy”, for prices to return to bubble levels? It is as if the media does not even admit that we ever had a housing bubble.

Secondly, I’m sick of the media using the term “healthy” or “health” to describe the market. A market isn’t a patient or a person. Stop anthropomorphizing the market. It is a meaningless term. By their usage, you can infer that market “health” is correlated with prices increasing faster than inflation and wages forever. So what’s a “sick” market? One where prices track broader inflation indexes….

Comment by redmondjp
2016-09-30 23:59:00

‘healthy’ is when market prices are rising at the same rate as the Fed’s desired inflation rate.

Comment by Mafia Blocks
2016-10-01 04:59:20

Remember…… A ‘housing recovery’ is falling prices to dramatically lower and more affordable levels by definition.

Comment by rms
2016-10-01 12:43:06

“I don’t understand why the media considers…”

“Secondly, I’m sick of the media using…”

Hehe… I see you took the Red Pill. Beware as the housing rabbit hole runs long and deep. As for the media I’ll share an old quote: “If you don’t read the newspaper, you’re uninformed. If you read the newspaper, you’re mis-informed.” —Mark Twain

Comment by Raymond K Hessel
Comment by phony scandals
2016-10-01 06:02:17

Investigation launched after dead people are registered to vote in Harrisonburg

Posted: Thursday, September 29, 2016 10:30 pm

By GRAHAM MOOMAW Richmond Times-Dispatch

Harrisonburg officials and the FBI are investigating allegations of voter registration fraud after officials say almost 20 voter applications were turned in under the names of dead people.

“Often times we hear our Democrat colleagues suggest that voter fraud doesn’t exist in Virginia or is a myth,” said House Speaker William H. Howell, R-Stafford. “Well it does indisputably exist.”

“If it hadn’t been for the vigilance of a citizen, this fraud effort may never have been uncovered until it was too late,” said Del. Mark L. Cole, R-Spotsylvania, who chairs the House Privileges and Elections Committee. - - Cached - Similar pages
1 day ago …

Comment by rms
2016-10-01 12:58:40

“Logan said applications using a deceased person’s real name and address but a false social security number would not be flagged in the voter system.”

Haha… is the incumbent “making sure?”

Comment by azdude
2016-10-01 06:25:16

Dont fight the debasers!

Comment by phony scandals
2016-10-01 07:39:20

In Hacked Fundraiser Recording, Hillary Mocks Bernie Supporters “Living In Their Parents’ Basement”

by Tyler Durden
Sep 30, 2016 10:53 PM

The newly disclosed comments first noticed by the Intercept, came in audio from hacked emails revealed this week by the Washington Free Beacon. Clinton was speaking at a Virginia fundraiser hosted by Beatrice Welters, the former U.S. ambassador to Trinidad and Tobago, and her husband Anthony Welters, the executive chairman of an investment consulting firm founded by former Clinton aid Cheryl Mills.

The hacked audio provides another peek into the ideological chameleon that Hillary is on a day to day basis. As the Intercept notes, “Clinton has been inconsistent in the past about espousing political labels. She has at times touted herself as stalwart liberal. For instance, she said last July: “I take a backseat to no one when you look at my record in standing up and fighting for progressive values.” But a few months later, she told a group in Ohio: “You know, I get accused of being kind of moderate and center. I plead guilty.”

In Hacked Fundraiser Recording, Hillary Mocks Bernie Supporters … - 184k - Cached - Similar pages
12 hours ago … “

Comment by Professor Bear
2016-10-01 17:36:54

At least she didn’t tweet it at 3am, then brag about the tweet. Trump’s behavior is somewhere on the spectrum between bizarre and unstable.

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