A Little Oversupply Condition
A report from CNBC. “For the last four years the skies of major U.S. metropolitan housing markets have been littered with cranes. As the homeownership rate fell following the recession, the towers rose — the vast majority boasting luxury rentals, complimented by high-end amenities like rooftop dog parks, fitness centers, private movie theaters and party rooms. Now all that construction has largely come on line, and sky-high rent growth is officially shrinking. Rent growth has now been shrinking each quarter for a full year. In some of the hottest markets, the swiftness of the turnaround came as a surprise. San Francisco in particular saw the rental market cool dramatically.”
“Multifamily construction is now slowing, but there are still thousands of high-end units coming on line. ‘Market conditions in the apartment market softened a bit in the third quarter, a period they generally see the highest activity and strongest rent growth,’ said Barbara Byrne Denham, an economist with Reis, a commercial real estate analytics firm. ‘Evidence that recent multifamily permits have slowed considerably suggests that developers, and likely lenders, are concerned about leasing the plethora of units expected to come online in the coming year or so.’”
The Topeka Capital Journal in Kansas. “Thousands of apartments have been built in Manhattan and Lawrence in the last 15 years, following national building trends, but Topeka’s multifamily housing market has flatlined. ‘If you’re building market-rate communities, you need to have pretty high rents. The high rents justify new construction,’ said national housing expert Matt Fransen, of Timberland Partners, which owns two complexes in Topeka. ‘I don’t have any doubt that a cool property with a lot of amenities would lease there. In order to build it, the rents are going to have to be double what the product is now. To justify new construction, average rents for a real luxury class A community are probably going to have to be over $1,000 a unit.’”
“Lawrence and Manhattan have seen population growth of more than 20 percent in the past 15 years, but does that support the kind of apartment growth that came at the same time? ‘We’re certainly seeing a little bit of a softening of the rental market here in town,’ said Jeff Pfannenstiel, president of the Manhattan Association of Realtors. ‘We have a lot more competition now than we used to.’”
The Memphis Daily News in Tennessee. “Two projects planned a block apart from each other will flood the Midtown market with luxury rental units. Both projects will bring nearly 300 apartment units to Midtown, an area mostly populated by mid-century apartment complexes. Tony Pellicciotti, a principal with Looney Ricks Kiss, sees the repopulation of the urban core as a counterpoint to the eastward migration of the last 30 years.”
“‘What we expect to happen is that same migration will happen, but it will happen in reverse as millennials and people who have grown up in a more suburban environment come back to that vibrant environment,’ Pellicciotti said.”
The REBusiness Online on Texas. “The multifamily market in Texas has cooled off on the lending and development front, and even leasing activity isn’t as robust as it once was in some markets. That’s the consensus of panelists at Interface Multifamily Texas, which took place last Oct. 6 at the InterContinental Dallas. Lending on new multifamily properties is another area where the market is more tempered than in the past, according to the panelists. While cap rates have remained stable, financing for new multifamily properties has become much more difficult to obtain. New banking regulations are forcing lenders to focus intensely on deal terms and specific projects.”
“‘There has been a pullback on capital flow from the banks in general,’ said Greg Willett, chief economist with RealPage. ‘They are being much more selective on which deals they choose.’”
“Buyers are still interested in Texas multifamily properties, all agreed. The flight to quality from international capital has trickled down to many Texas markets, especially Houston and Dallas. Brian O’Boyle, senior vice chairman with ARA, said that while high-net-worth buyers were still the biggest buyers of multifamily assets, foreign capital was the second largest group.”
“Over the past year, O’Boyle said investment groups from Hong Kong, Bahrain and Germany have sought to invest in multifamily assets in Texas. Paul Nelson, senior director with Invesco Real Estate, said Canadian, Asian and Australian capital groups have been pursuing real estate investments in the United States as well. While the investment sales market remains healthy with low cap rates, the number of interested buyers has thinned, according to brokers on the panel.”
“‘A year ago you might have had six or seven groups in the call for best-and-final offers,’ said O’Boyle. ‘Today, you have three.’”
“Houston has lost 70,000 jobs over the past few years in the energy sector, causing some concern in the apartment industry. There is negative rent growth in the market, especially among Class A properties, a segment that has experienced a 6 percent dip in rents on average. Additionally, many landlords of Class A properties in the Houston apartment market are offering one to three months free rent as a concession for lessees. Approximately 19,000 multifamily units are under construction in the Houston market.”
WWL TV in Louisiana. “The price to own and rent a home in New Orleans has been rising for years, but that trend is changing. From his front porch in Mid-City, Thomas Ecker has been watching home prices climb since Hurricane Katrina. ‘I’ve seen an insane leap in the pricing here,’ Ecker said. ‘I don’t understand why a single shotgun house is $300,000. You’re buying, if you want to put your math together, $60,000 a room.’”
“But the cost of real estate in New Orleans is starting to level off. Real Estate Appraiser Wade Ragas said sales typically slow during a presidential election year, but this year’s slowdown in the oil and gas industry and the capping of the film tax credit have caused jobs to move elsewhere. ‘We’ve only been up for a few years — we’re due to flatten out and go down a little,’ Ragas said. ‘That’s a little oversupply condition and that will put downward pressure on price, downward pressure on rents and things will stay on the market a little bit longer in some of the neighborhoods.’”
“High priced properties in areas that were hot like Uptown, the Marigny and the Warehouse District are going to see price drops, some of them significant. ‘Wherever they started moving above $250 or $300 a foot, for a typical multi-family rental property, you’re going to have some buyer resistance now.’”
“Ecker said the slowdown needed to happen. ‘Maybe the vacuum created will allow residents to move back into the city and afford the housing and newly created infrastructure that comes along with it because so many New Orleanians have been priced out of the neighborhoods they love,’ Ecker said.”
‘The flight to quality from international capital has trickled down to many Texas markets, especially Houston and Dallas. Brian O’Boyle, senior vice chairman with ARA, said that while high-net-worth buyers were still the biggest buyers of multifamily assets, foreign capital was the second largest group.’
‘Over the past year, O’Boyle said investment groups from Hong Kong, Bahrain and Germany have sought to invest in multifamily assets in Texas. Paul Nelson, senior director with Invesco Real Estate, said Canadian, Asian and Australian capital groups have been pursuing real estate investments in the United States as well.’
Note that they aren’t talking about what the market needs, just all this money chasing yield. When they do talk about it, it’s a lot of fairy tale stuff about rich millennials who want to live upstairs from a bar and will spend 70% of their income on rents. This in-depth Kansas article is a hoot in that regard.
In a previous job I had a coworker who was generation Y (whatever happened to them?) who lived downtown - in the heart of the “action”. He must have aged 5 years in the year he was down there. Constant street noise from traffic, drunken mayhem, police sirens, etc all resulted in little to no sleep. But he was hip, and that was what was important!
Clinton pays pollster, gets fake poll showing her up by 11:
http://market-ticker.org/akcs-www?post=231548
And the media lapdogs broadcast it with zero analysis. If Hilary gets in the corruption will be so widespread she will have to start WW3 (and probably 4) to distract from a collapsing country.
Anonymous apparently just found out one of Hiliarys email servers was on a public cloud. Shes like that character in Monty Python and the Holy Grail, limbs severed but still talking tough and wanting to continue the fight.
In the debate she said, “there’s no evidence my server was hacked.” Uh, there’s thousands of leaks. And why are you going on and on about the Russian hacking then?
It is all Abe Lincoln’s fault anyways…
The disconnect between party elites and the masses is like it was during the soviet union
Crowd Laughs When Democrat Lu-Haul Bennett Says Obamacare Made Healthcare More Affordable
https://www.youtube.com/watch?v=fkpbrD6IDIA
What kind of name is Lu-Haul?
The disconnect between party elites and the masses is like it was during the soviet union
Oh please. In 2008 and 2012, 95% of the masses meekly bent over for their oligarch overlords’ annointed water carriers. We’ll see what the percentage is this time around, but I’m not seeing any notable “disconnect.” I’m seeing stupid, gullible sheeple voting against their own interests once again.
It’s like you say, Ben, a lot of pensioners are going to be in for a very rude surprise.
Speaking of which, Colorado’s PERA is only funded 55%. They should be reducing payments now, but they aren’t, they’re whistling past the graveyard and pretending everything is A-OK. They’re going to run out of money soon and there’s gonna be a lot of shell shocked retired cops, teachers and firefighter when that day arrives and they are told there’s no money left at all. And since most of them were exempt from paying into Social Security, they won’t even get that.
Interesting times lie ahead.
And Mel Watt has been guaranteeing something like 300 billion$ apartment loans a year for the past few years. We’ll get long drawn out lawsuits like the MBS stuff. “You misrepresented the demand in your proposal” etc. There are multiple cities that are already overbuilt that have 10-50 thousand units on the way. If you read the stuff the industry puts out, they don’t see a problem because they have pensions/life insurance/foreigners shoving money at them. But the lenders are pulling back, just like with the stalled Florida, Australia and New Zealand condos. The only way you can make money on these is with leverage at cheap interest rates.
sorry IN Colorado ,gov workers will get your $
see Chicago,IL, Hungary,Portugal,PolaND FOR RESULTS
We have TABOR. State taxes and spending can’t be raised without the voter’s permission. It’s in the state constitution.
And I can guarantee you they won’t vote yes.
And before you say “TABOR will be overturned”, the tax and spend crowd has been trying to do that, very unsuccessfully, for the past 20 years. If it was just a law, they might have succeeded, but it’s in the state constitution. IIRC, it would take a 2/3 vote to repeal it.
Of course, you don’t have TABOR in your state, so you’d better hurry up and get it passed. And state workers in the Centennial state had best start saving everything they can.
it would take a 2/3 vote to repeal it
Yup. Local NPR hates hates hates this.
By the time the Fed gets done printing away all government and corporate debt, those monthly public union pension checks may arrive as promised, but they’ll only buy a can of beans or a loaf of bread.
Got Weimar? LOLZ
‘Thomas Ecker has been watching home prices climb since Hurricane Katrina. ‘I’ve seen an insane leap in the pricing here,’ Ecker said. ‘I don’t understand why a single shotgun house is $300,000. You’re buying, if you want to put your math together, $60,000 a room.’
Heck of a job Janet.
the used house hoes are flooding back to what they know best. hooking on craigslist.
A more honorable profession, it must be said.
“…‘If you’re building market-rate communities, you need to have pretty high rents. The high rents justify new construction,’ said national housing expert Matt Fransen, of Timberland Partners, which owns two complexes in Topeka. ‘I don’t have any doubt that a cool property with a lot of amenities would lease there. In order to build it, the rents are going to have to be double what the product is now.’…”
Where does this clown think the incomes to support double rents are coming from? Wow.
From the new rich renter story they made up. I identified this a year and a half ago; Money chasing yield drives up land prices (bubble). Only luxury apartments pencil out. Invent “rich renter” to sell to the money chasing yield guys; wammo, you get lux oversupply in large and small cities, all the way down to Manhattan Kansas.
There was never any supply and demand involved. They were all making so much money it made them drunk with greed. Now sit back and watch all that cash-out refinancing (tax free, BTW, they were real proud of that) bite them in the butt.
I’d love the IRS to crack down on the cash-out refinance rules. There are very specific “debt tracing” rules so that you cannot deduct the interest from the cash out unless you use the money for other investments.
Most people that I know don’t do any debt tracing at all. If there was ever an audit on this item, lots of people would be writing checks to the IRS.
‘……down to Manhattan Kansas.”
Implying that Manhattan is the rock bottom, location wise.
You would get no argument from that from KU alums.
But might I suggest that while Manhattan isn’t the Paradise on Earth that the locals believe it is, it isn’t “Rock bottom”"
My nominees for “Rock Bottom”:
-Pretty much anyplace on the southern high plains (Garden City/Dodge City/Liberal/Colby, Kansas; North Platte, Nebraska; Lubbock or Amarillo, Texas, or anywhere along the US-60 “Cow $hit Turnpike” between Clovis NM, and Amarillo.
Lol! On US 60
As a KU grad I can’t imagine paying $1050 in rent to live anywhere in the state of Kansas, yet alone Tapuka, and I grew up in Overland Park.
I’m blessed I guess to be paying $1500 in rent for a 4 bedroom three story town house on the West side of Portland, OR with coastal mountain range views.
I would love to own, and have before, but I’m not buying in this crazy, all the world has gone insane market!
I think your $1500 seems high. Look at median incomes.
Today’s luxury apartment is tomorrow’s luxury condo for sale.
And to make it worse, they are all upping the amenities factor to attract the few Millenials that don’t have student loans.
No one has any business renting Class-A in Topeka, Kansas. For reference, this is what $1050/month will buy you in Topeka:
http://www.zillow.com/homedetails/821-SW-Western-Ave-Topeka-KS-66606/77494817_zpid/
This is a 4000 sq ft historic home. Yes it was built in 1910 but it has been well-maintained. For less than $200K. I’m not saying that someone has to buy this instead of renting, just showing that Grade A renting is really a waste.
A 100 year old moneypit in Topeka or Alameda.
Is that Warren buffets house ?
You go girl
Who rents a house/apartment for the amenities. I only rent on the lowest cost in a safe neighborhood closest to where I worked. When renting most of my time was spent at work, in the gym or hiking, fishing and camping.
You dont want to say it but safe = far away from third world mud people
Look at vibrant Philadelphia being destroyed, families with young children being attacked at comic con:
https://www.youtube.com/watch?v=DGLx5afTb9g
You are sick. To define safe in that manner shows how much of the problem you really are. I grew up where people fought with tire irons, chains and straight razors while you sit around training as an activist spreading hate for one another.
Outside of certain areas that are in to hyperfitness (i.e., Boulder), I get the sense that many millennials, especially men, are inside playing using social media, playing video games and having their meals delivered.
Easy. They are diversifying their investment strategy, by building apartments with housing bubble money, to be eventually paid for by student loan bubble money.
What is this “oversupply of luxury apartments” of which you speak, Kimo Sabe? I’ve lived around here for close to 55 years, and rent NEVER seems to go down. You might see pissy little “one month free” deals occasionally, or times when the annual rent increases are held to the defacto rate of inflation, but NOBODY HAS EVER has seen their rent payment cut.
Property owners can stand/are incentivised or subsidized to leave their properties vacant a lot longer than you can live in a car, or your mom’s basement. Local governments will do what they can to keep real estate prices high, right up to the bitter end, because if property tax collections start going down……..they are screwed.
Everywhere you look, you see business properties that have been sitting vacant for years, because they “aren’t going to give it away”.
hello drama queen
‘What is this “oversupply of luxury apartments” of which you speak’
About 40 articles I post a week now. When I first caught onto it, it was to the moon, Alice. I recently posted about 8 to 12 months free rent in Houston, and they’ve got 19,000 units under construction.
One reason you haven’t noticed it is how big it is. Depending on how you measure it, this is a 30-40 high in multifamily construction. You have to go back to the late 80’s/early 70’s. I remember those times; apartments in Dallas sitting unfinished for years. Here’s the thing; multifamily has to be finished or you end up with the ghost towers. Did you see the article the other day about the Florida condo halting at 13 stories because they can’t get financing? That wipes out capital involved 100%. I’d bet most of these apartment guys are running on short term money be it ARM’s or 3-5 year loans that have to get rolled over. A bunch of them won’t be able to refinance. As we are already seeing in North Dakota, they’ll default and the new owners will set much lower rents. That’ll take out others in waves. The combination of low market returns, for years, a pile up of baby boomer pensions looking for yield and blind greed have combined to create this situation.
Business property sits vacant because, what else are you going to do with it? In Glendale AZ commercial vacancy is over 40%.
It’s different here.
All of the “luxury apartment construction” around here seems to be outside of the I-435 loop; basically, 20 miles from downtown.
I live in an apartment in one of the “inner ring” suburbs, about 10 miles or less from downtown. ZERO new apartment construction in a 2-3 mile radius. There is one new retirement condo/nursing home. The main activity in the immediate vicinity seems to be to my east, refurbing/flipping older houses.
As everywhere else, I’m swapping rent for reduced commute time. In this case, a couple of hundred busks a month to reduce my commute time from 30-60 minutes to less than ten. Unfortunately, unless the economy totally implodes, apartment rent around here won’t be getting any cheaper EVER, in my estimation (houses, maybe a different story, assuming you want to take the chance on buying). Too close to downtown. Too close to the IRS building. Too close to UMKC. Too close to the KU Med Center, and all of the hospitals just south of downtown. Commutes to all of these places take less than ten minutes, even during the rush.
What’s going to be interesting is when all of the criminal element is displaced from downtown and the inner ring suburbs (because of gentrification and the concentration of decent paying jobs downtown) and moves out to the outer ring burbs. They are going to get real unpopular, if your nabe turns into a war zone, AND you have a long commute.
(I’m also too close to Arthur Bryant’s, Gates, Fiorellos Jack Stack, Q39, Char Bar, Rosedale BBQ, Smokin Guns, RJ’s BBQ, Woodlot BBQ, etc. But I digress. )
Ah, Rosedale, the holy grail of BBQ in my family!
Now for some good news: General Electric Co. GE, -0.76% said Tuesday that it plans to buy Denmark-based LM Wind Power for $1.65 billion, as the company looks to add wind turbine blade design and manufacturing into its renewable energy business.
Why is this good news?
GE is a bankrupted company saved by billions in a taxpayer bailout.
But GE did give generously to the Clinton Foundation.
—–
General Electric: The Worst Bailout in the World
We’ve been hearing over and over again about the astonishing $182.5 billion in bailout funds that the federal government has been pouring into AIG, but you might be surprised to learn that a close runner up to AIG in the bailout sweepstakes is General Electric, which got its own $139 billion bailoutin November. So with Congress and the media in a frenzy over AIG bonuses, where’s the GE outrage?
http://www.foxnews.com/opinion/2009/03/26/general-electric-worst-bailout-world.html
———
General Electric
After an associate of Jeffrey Immelt, the CEO of General Electric, asked Clinton for a meeting about “jobs,” Clinton told her staff she “would like to do this” in a July 2011 email.
Huma Abedin, Clinton’s deputy chief of staff, said she “wanted to discuss” the meeting with Clinton because it was actually an invitation to co-host a summit with the then-secretary of state.
Clinton said she would be willing to go to General Electric’s offices to meet with Immelt, noting the company’s headquarters was “nearby” in New York.
General Electric has donated between $500,000 and $1 million to the Clinton Foundation.
Immelt helped Clinton’s staff with “making calls” to solicit private funds for a State Department project in 2010. General Electric also gave heavily to that project, a U.S. pavilion at the world’s fair in Shanghai.
General Electric was able to secure a number of lucrative partnerships with the State Department during Clinton’s tenure.
http://www.washingtonexaminer.com/nine-times-clinton-foundation-donors-got-special-access-at-state/article/2580451
some people are just always sad.
The Bailout Scorecard
Last update: Oct. 3, 2016
Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $621B has gone out the door—invested, loaned, or paid out—while $390B has been returned.
The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $303B. When those revenues are taken into account, the government has realized a $71.7B profit as of Oct. 3, 2016.
^cut from https://projects.propublica.org/bailout/^
propublica=Junk journalism and socialist propaganda
‘ProPublica was the brainchild of billionaires and major Democratic donors Herbert and Marion Sandler, the former chief executives of the Golden West Financial Corporation’
https://en.wikipedia.org/wiki/ProPublica
everything is a lie
New analysis by the nonpartisan Tax Policy Center shows that Trump’s tax plan would cut taxes for most workers, with the richest benefiting the most. The top 1% of earners would enjoy an average tax cut of $214,690 per year. The top one-tenth of 1% would save $1.066 million.
Hillary Clinton’s tax plan would have the opposite effect on wealthy taxpayers. The top 1% would pay an extra $117,760 per year, with the tax bill for the top 0.1% rising $805,250. Trump’s tax cuts would swell the national debt by $7.2 trillion. Clinton’s tax hikes would cut it by $1.4 trillion.
know your debt party.
And now for a few more words on the virtues of Hillary Clinton from dropping like a rock.
https://www.youtube.com/watch?v=ss2hULhXf04 - 340k -
know your blogger
Astroturf ‘Outrage Machine’ of Paid Trolls Floods Social Media to Counteract Negative News About Hillary Clinton
One supporter being paid to create multiple anonymous accounts does not constitute genuine support for Hillary Clinton.
They’re here on your blog too. They don’t want truth discussed regarding housing, realtors and the like.
I love the truth. Ben helped me decide when to buy and sell 3 homes. No complaints.
Junk
I love the truth.
No you don’t. They don’t vote hillarious.
I just cashed my check from Lord Soros, and I’m back, baybee!
Hillary cured my male pattern baldness and rescued 156 orphans from a burning building yesterday, all without grabbing anybody’s crotch!
On a more serious note, I was walking down 1st ave in seattle today, and there was this guy driving slowly yelling “Trump for President” and “Hillary is a lying “c**t!” at the people on the sidewalk.
He made me miss you guys, so here I am!
Hillary for Galactic Empress! Trump bites his fart bubbles in the bathtub!
Hillaryous is unelectable.
Hillaryous is going to establish what percentage of the ‘Murican electorate are as feckless as they are ignorant and amoral.
If they vote multiple times, it counts.
“Trump’s tax cuts would swell the national debt by $7.2 trillion.”
B.S. And even if it were true, that’s STILL better than Obama for the last 8 years.
“Clinton’s tax hikes would cut it by $1.4 trillion.”
Key word being “would.” She’ll spend every last cent and then some.
How old are you?
Reagan tripled the deficit. Trump loves it!
“Reagan tripled the deficit. Trump loves it!”
https://www.youtube.com/watch?v=ss2hULhXf04 - 340k -
The debt is going to explode anyway. The Baby Boomers are retiring as we speak. During the next 1-2 administrations, those boomers are going to cost a fortune in health care. Many in their 60’s will start dying of short term but expensive diseases such as lung cancer. Everyone else will incur long-term expensive for diseases like diabetes and dementia. Sure, we have the “workers” to pay for all this Medicare, but warm bodies don’t matter if there isn’t any paid work to do. At that point it doesn’t matter who is elected.
so true, follow the boomers. 11k turn 65 each day for the next 15 yrs and are unprepared for retirement. They (60%) may need to move to Mexico to live only off SS.
Buy stock in nursing homes?
Kervorkian will be a francise by the time I reach retirement age.
“move to Mexico to live only off SS.”
Now that right there is BS from my perspective. I’m one on that cusp or retirement. I have been living below the SS payout I’m “entitled to” for several years while still working. I have a nice house in flyover, a yacht that I live on half the year cruising to various ports, and a motorhome for camping in the forest off boating season. If costs explode or payout on SS collapse a partner might be a make it work compromise. I might have to work at my craft.
I don’t owe any body any money. Maybe that is the circumstance that some find hard to couple with. Mexico, not necessary. Mexico NY maybe.
Now that right there is BS from my perspective.
It doesn’t appear that dropping was saying that everyone would have to do that.
Yeah, so who would?
Presumably it would be people poorer than you.
So Mike, lowering my cost of lifestyle makes me richer. Is that what you are saying? If some are getting the same SS as me and are poorer, what could they do besides moving to Mexico?
No, you give the impression that you’ve got a lot of savings. I didn’t make any assertions about you came to accumulate your assets. There are many things people could do if they have little retirement income. There’s no need to list them.
I bet you got A+ in econ classes.
FOUR WEEKS TO VICTORY!
The U.S. Is Part Of A War In Yemen, And Neither Clinton Nor Trump Will Talk About It:
http://m.huffpost.com/us/entry/us_57fc1d20e4b0b6a4303504d3
No “smaller government” or “less regulation” or “lower taxes” happening here.
‘From the start of the hideous Saudi bombing campaign against Yemen 18 months ago, two countries have played active, vital roles in enabling the carnage: the U.S. and U.K. The atrocities committed by the Saudis would have been impossible without their steadfast, aggressive support.’
‘The Obama administration “has offered to sell $115 billion worth of weapons to Saudi Arabia over its eight years in office, more than any previous U.S. administration,” as The Guardian reported this week, and also provides extensive surveillance technology. As The Intercept documented in April, “In his first five years as president, Obama sold $30 billion more in weapons than President Bush did during his entire eight years as commander in chief.”
‘Most important, according to the Saudi foreign minister, although it is the Saudis who have ultimate authority to choose targets, “British and American military officials are in the command and control center for Saudi airstrikes on Yemen” and “have access to lists of targets.” In sum, while this bombing campaign is invariably described in Western media outlets as “Saudi-led,” the U.S. and U.K. are both central, indispensable participants. As the New York Times editorial page put it in August: “The United States is complicit in this carnage,” while The Guardian editorialized that “Britain bears much responsibility for this suffering.”
‘From the start, the U.S.- and U.K.-backed Saudis have indiscriminately and at times deliberately bombed civilians, killing thousands of innocent people.’
Unpossible.
Obama EARNED the Nobel Peace Prize.
Obama reminds me of a Clint Eastwood character. No mercy on the evil!
Obama is the evil.
Al Gore the masseuse groper back in campaign. Hillary has the worst luck with men. Married to a rapist, opponent is a rapist and who she invites to campaign with her?
Of all people, Steven Seagal posts this. I’ve always thought of him as sort of a lummox, and yet, there it is, proof of bald-faced treason on the part of the Clintons in their involvement with Quatar and Saudi Arabia, while knowing the Arabs were involved in arming ISIS and other such groups:
https://i.sli.mg/pju31W.png
Nicely put together graphically, too.
It is for the children.
Besides, Trump said a bad word in a locket room that was secretly recorded…
Concur.
Lawrence And Manhattan……..large college towns; Lawrence is also an easy commute to Kansas City. Manhattan, close to Fort Riley.
Topeka is neither. Topeka also has the Brownback problem, and one of the biggest local employers (BNSF Railroad) is quietly laying off/deferring capital spending.
Topeka’s primary demographic is Federal/State government employee retirees, railroad retirees, Westar Energy retirees, and the meth heads who can’t/won’t move to greener pastures.
There’s always the minimum wage job at the candy bar factory, I guess..
Sign of the times. Twenty years ago, it used to be a pretty decent place to live.
To elaborate……..Junction City (just outside of Ft Riley) is the typical “Army Town”. Many officers and high ranked enlisted with families live in Manhattan.
https://www.reddit.com/r/investing/comments/56vc0n/is_it_finally_time_for_the_australian_big_short/?st=iu5w26y4&sh=05f15834
If you can get away with Building 7 in America with out being jailed, you can do anything! Stay positive!
now, how to invest for the upcoming recession and HRC presidency? Add to the Smith and Wesson pile? 7 out of 10 may not care as they have less than $1000 saved. >
Depends how much money you have contributed to the Clinton Foundation…
This is the part I am completely dumbfounded by. The naked pay to play of the Clinton Foundation, and no one does a thing about it. Why? Face it, folks, we no longer have a functioning government. Not Congress, not the regi–uh, excuse me, Administration, not the Supreme Court. The rule of law is completely, utterly busted out. Gone. No one’s even pretending anymore.
And don’t get me started on the PMSM.
Just run for congress. It has done great things for the financial security of good folks like Pelosi and Reed.
insider trading is legal for them.
I too am mad at Ryan, what does he do all day?
Humps pelosi’s legs.
95% of ‘Murican voters gave their overwhelming sanction to crony capitalism in 2008 and 2012. Our oligarch overlords got the message loud and clear: they have a free pass to loot and defraud with impunity.
True, and it’s “too big” to do anything about it once again:
Still Report, August 3
SR #1091 -FBI Analyst -Criminal Hillary Clinton Guilty of Treason -Clinton Foundation -Prison JAIL
Clintons - when will they be arrested? To bad you are not a DA.
Why even buy a tiny house?
https://www.reddit.com/r/vandwellers
If the van is a-rockin’… - YouTube
https://www.youtube.com/watch?v=oH0hr3B5RmU - 169k -
If the boats a rockin, don’t come a knockin.
Politico Busted With A Rigged Poll Against Trump
Mainstream media skewing polls for Hillary Clinton
Clifford Cunningham - October 11, 2016
http://www.infowars.com/politico-busted-with-a-rigged-poll-against-trump/ - 191k -
I just read this:
The California economy grew 3.3% last year - a third faster than the US as a whole. California last year created the most jobs of any state, 483,000, more than the second- and third-most-populous states Florida and Texas combined (they added 257,900 and 175,700) and at a faster rate than any of the world’s developed economies. Four of the world’s 10 largest companies are based in California. Two of them — Alphabet and Facebook — were conceived in the past 18 years. California produces almost all of the country’s almonds, apricots, dates, figs, kiwifruit, nectarines, olives, pistachios, prunes and walnuts among dozens of crops that make it No. 1 in the U.S., with an equivalent GDP from agriculture, forestry and hunting totaling more than $37.7 billion, dwarfing No. 2 Iowa’s $12.1 billion.
Darn socialists!
Don’t attribute GDP growth in CA to its socialist government.
Especially with respect to the success of tech, a major reason is the labor laws. The funny thing is that when it comes to matters like worker movement, CA is about as liberal as it gets (non-compete clauses are not enforced, as an example). This more easily allows entrepreneurs to create new businesses that may be in direct competition with their former employers.
Look up “start-ups from former _____ employees”, and fill in the blank as Apple, Google, Facebook, etc., and you’ll see what I mean.
Over long periods of time, those former employees created new companies, and now the critical mass feeds on itself. If you are located elsewhere in the country, it is difficult to convince a highly experienced technology worker to move FROM the SF Bay Area to that other place.
Let’s say early on Facebook wanted to locate in Boston, and tried to attract tech workers from the Bay Area. A major consideration for that tech worker was “what happens if Facebook doesn’t work out?” Well, taking a risk on a start-up in the Bay Area isn’t a big deal because there is an expectation of another job in the same geographic area. Moving your family to Boston, and company flops? There are fewer alternatives for the N+1st job.
That is the major thing that CA has done right…allow the labor market to be more “free”. “Freer” labor markets are not really socialist ideals.
There aren’t tech worker unions, and there aren’t enforceable non-compete clauses. Companies are created and fail, and employees get hired, fired and quit with great regularity. That is the secret sauce.
Not what bureaucrats decide to do in Sacramento.
Still the poorest state in the country. I don’t want to be here when the next recession hits.
Business is doing well. I am making hand over fist with my slave labors. I know the good times will end sooner or later. I will be done with CA after that. Will still visit as have families and friends. 2 year tops.
All legal slaves…digital coolies.
Don’t attribute GDP growth in CA to its socialist government.
Yeah, that whole software industry was built on corporate welfare provided by the military industrial complex, which is part of the federal government.
If you are located elsewhere in the country, it is difficult to convince a highly experienced technology worker to move FROM the SF Bay Area to that other place.
In my recent experience, we’re seeing significant net migration out of the SF Bay Area and into Seattle; we don’t have anywhere near the number of tech startups, but we seem to have crossed some threshold that makes workers willing to take that risk. While the cost of living is high in Seattle relative to the rest of the US, it’s still low compared to the SFBA.
My dog Sam eats purple flowers
Dang you, ya actually made me look that up. Always liked Tommy James. His interview about dealing with thugs in the recording industry was really interesting.
You weren’t the only one here to look it up, just the only one to admit it.
Voting is immoral
http://theantimedia.org/read-article-voting/
And right on cue, Sweet William shows up, pouting and gesticulating impotently, panties in a twist, a faker of the highest order as he moralizes about being the parrot on Hillary’s shoulder and a no-show in the fight against the corrupt Establishment status quo.
Panda Bear is a dem no question about that. Bill, I kind of buy his thought process. As much as I hate Clinton and hoping for a Trump win, I cannot bring myself to vote for Trump. I know it’s strange, isn’t it? Not that my vote would matter in CA anyway.
Well said Raymond. Bill works the system and wants us not to rock the Establishment boat.
Haitians fear Clintons will ’scam’ them again
Foundation accused of looting impoverished nation after 2010 earthquake
Published: 22 hours ago
NEW YORK – Hurricane Matthew has reopened the debate over whether Secretary of State Hillary Clinton and the Clinton Foundation provided true disaster relief for the people of Haiti after the 2010 earthquake or mostly enriched themselves at the expense of the suffering Haitian people.
She said Clinton dares not mention Haiti without risking a damaging political backlash.
“Addressing Haiti is a debacle for [Bill and Hillary Clinton],” she said. “It brings up the 2010, Michel Martelly presidential election that Hillary Clinton and, her longtime consigliore, Cheryl Mills, help to doctor. It brings up their association with the convicted fraudster Claudio Osorio, who never built any of the 10,000 housing units in Haiti that the U.S. government put in a $10 million grant for him to build, and which the Clinton team heavily facilitated.”
She continued: “It brings up the pay-to-play, money laundering scheme they call the ‘Clinton Foundation.’ The Clintons cannot justify why they prey on hurt quake victims and poor Haitians to put money in their Foundation – a slush fund where 85 percent of the money collected goes to salaries, travel, luxury hotels, dinners and overhead, all tax free.”
Read more at http://www.wnd.com/2016/10/haitians-fear-clintons-will-scam-them-again/#TTrQV7y6SuSV3pSl.99
Visited a friend who lives in a neighboring town to this:
http://www.zillow.com/homes/for_sale/Town-of-Camden-ME/pmf,pf_pt/house_type/91859994_zpid/396135_rid/64.623877,-57.612305,31.877557,-113.862305_rect/3_zm/?
They took me on a road tour of the area. Unbelievable amount of entrenched real estate value in this part of Maine.
Burn it down and break it up.
How can Pence stand by and watch Trump go off on the GOP? Rubio too. Ryan too. Are they all afraid?
Hell, yes, they’re actually crappin’ their shorts, believe it or not. Trump sent a message loud and clear to Pence during the debate. “Oh, did he say that? I haven’t spoken to him recently, and I disagree”. Ouchie!
And wouldn’t you know it, the next day, Pence was all holly-jolly about Trump again.
I was never going to vote for Rubio anyway, so that down-ballot vote was already gone, but I just chucked out the down ballot RNC vote for the House in my district. I’m far from the only one. They just made a huge mistake.
In fact, my ballot might have only one vote on it. Trump. Because nothing else matters. I’m just sorry Pence gets a ride on his coattails. Wish Trump would dump that cuck.
I’ll give Wikileaks credit for one thing: they show how in the bag the oligarchy-owned MSM is for Crooked Hillary. Can you imagine the outcry if Trump got this fawning treatment?
http://dailycaller.com/2016/10/11/emails-boston-globe-coordinated-how-to-maximize-hillarys-presence/
Oh, boy, do I ever despise the MSM. From the chairmen of the board to the grips and cameramen, every single one a slimy worm.
10,000 people chanting “CNN sucks!” - a great beginning. Ten million people cutting the cable and refusing to subsidize the Oligopoly’s propaganda outlets - better yet.
http://www.newsbusters.org/blogs/nb/kristine-marsh/2016/10/11/cnn-anchors-hyperventilate-after-crowd-chants-cnn-sucks-trump#utm_source=facebook&utm_campaign=cnn-chant&utm_medium=marketing
Nice to see Trump taking off the gloves against the Establishment GOP RINOs and cucks.
http://thehill.com/blogs/ballot-box/presidential-races/300445-exclusive-trump-campaign-ceo-wanted-to-destroy-ryan
Ryan, Romney et all are weak men. They are already dead as national figures. There’s not a lot support for them from people. Sure they will win their home districts…other than that nothing.
However establishment supports them and….the democrats. What good it would be a politician and not have people’s support? They are on an island by themselves. If nothing else, you can thank Trump for that.
Those guys as a group remind me of the fat and happy soviet politburo members completely detached from the reality of their citizens.
What does he have to lose? Nothing.
He’s lost the bulk of the middle with the 2005 tape. His only hope is to appeal even more to those who have felt completely let down by the established players in DC.
“He’s lost the bulk of the middle with the 2005 tape.”
And you know this how? Becuz the media told ya so!
Guess what? Win or lose, Trump isn’t going away. And we’ll fight you, you and others like you, with your schiddy liddle demoralizing comments, echoing the PMSM and the pundits.
I miss the Occupy Wall St crowd.
Did you miss DNC in Philly too?
Rental sounds reasonable except for his propensity to believe in government statistics and fake polls.
The thing about the middle is that they generally have a base side. So do the low lives and the elites. We have friends who say stupid shit when they think their spouses aren’t listening, both male and female.
It occurs to me that anyone who has never said anything really crude would be such an angel that they would be filled with compassion for that voice on the 2005 tape. The 99.99% of others are hypocrites. There is also that thing about ignoring pillage and death for real in favor of indignation over a vulgar word.
I don’t doubt that in Trump’s rarified circles, some women might respond to him in ways that are incomprehensible to more normal middle-class sensibilities. At the end of the day he has to face his wife and daughters and apologize for being such a douch and a cad. If he has any conscience at all, I would not want to be in his shoes for all the billions in the world. What good does to do a man to “gain the world but lose his soul”?
He lost a few percent with that 2005 thing. He was already behind, so it just hurt him a little more.
But he didn’t lose those on the hard right, he lost people who were more moderate.
“A few percent” often will swing the states that win the electoral college.
The popular vote estimate has swung by 1-2 points in the past 5 days. Hard right aren’t going left, and those at the left haven’t gone anywhere. Third party candidates aren’t improving.
The only conclusion to draw is that those in the middle are shifting left.
Hard right aren’t going left,
I thought the neo-cons had already come out for Hillary—did you miss the Wolfowitz endorsement?
Bill Clinton: “People are mad. Eighty percent of us haven’t gotten a raise since the (2008) crash.” Um, yeah, Bill. I’d say the $153 million you and your harpy sociopath wife raked in for speeches to Goldman Sachs and other financial firms that just so happened to reap windfalls from your repeal of Glass-Steagal suffices for the Clinton household’s “raise,” wouldn’t you say?
http://www.breitbart.com/video/2016/10/11/bill-clinton-we-got-a-lot-of-problems-people-are-mad-80-havent-had-a-raise/
Nothing is quite as heartwarming as watching feckless, ignorant voters who greedily voted for socialism, i.e. collectivist kleptocrat comrades who promised endless benefits someone else, i.e. the productive, would have to pay for, get their just desserts. Suffer, bitchez..by the time Venezuela reaches rock bottom, the sheeple there will be innoculated for at least a generation against voting for socialism.
https://www.theguardian.com/world/2016/oct/11/venezuela-on-the-brink-a-journey-through-a-country-in-crisis
Prices craterin’,
just can’t wait to see housing prices craterin’,
the life I love is laughing at my debtor friends,
I just can’t wait to see housing craterin’.
Prices craterin’,
just can’t wait to see housing prices craterin’,
the life I love is laughing at my debtor friends,
I just can’t wait to see housing craterin’.
Houses craterin’
Like a mass of turds they swirl on down the toilet,
And my debtor friends
Insisting that their losses are a payday,
they won’t give it away……
Cuz housing craterin’.
just can’t wait to see housing craterin’,
the life I love is laughing at my debtor friends,
I just can’t wait to see housing craterin’.
Live stream of Trump rally in Panama City tonite. From what I understand, just from seeing some highlights, the rally in Wilkes Barre, PA, yesterday was possibly his best yet.
https://www.youtube.com/watch?v=siOPWgVuaHY
Bush beat that performance when he choked on a pretzel.
Funny that the people who have not gotten a raise in 15 yrs blame someone other than themselves. Darn Hillary!! I thought the GOP was all for less gov.
Michelle Bachman with that corn dog at the MN state fair can never be topped. So to speak.
That’s how you win the African American vote.
racis
Dump is going down in flames. He’s throwing $hitbombs in all directions at the same time.
The Donald is occupying that vast empty space between your ears.
Not healthy at all.
Like what?
$hitbombs are thrown against innocents people or people who deserve it?
It doesn’t matter if it results in a big loss for him.
He already won.
Trump represents the first populist uprising against the corrupt Oligopoly status quo. Win or lose, the populist-nationalist movement is just getting started.
I doubt it. The right wingers are already at each other’s throats. A portion of Trump voters will come to the conclusion some time after the election they were take in by a con man. Trump’s defeat will probably embolden social conservatives in the GOP to state the need to vet a candidate’s personal life more thoroughly at the beginning of the nominating process.
‘the need to vet a candidate’s personal life more thoroughly at the beginning of the nominating process’
Yeah. You Democrats should be ashamed of yourselves.
‘The Saudi bombing of a funeral in Saana, Yemen, killed about 200 – we don’t yet know the exact number – and wounded over 500. No one believes the denials of the Saudis: clearly this event was targeted for special treatment. They didn’t just bomb it once: they came back again to rain death and destruction on the mourners.’
‘While the Syrian civil war has been the subject of much debate, the war in Yemen has received almost no attention. Donald Trump has mentioned it only in passing, and Hillary Clinton hasn’t said a single word about it – with good reason.’
‘The reason is because, during her reign at the State Department, she and her staff collaborated with the Saudis to create a military machine that is now mowing down Yemeni civilians by the thousands.’
‘It was Christmas eve, 2011, and the employees at Hillary’s Foggy Bottom were celebrating. Were they celebrating the Christian holiday? Hell no! They were overjoyed by the “good news” – as Jake Sullivan, Hillary’s deputy chief of staff put it in the heading of an email – that the Saudis’ Prince Salman (now the Saudi king, then the chief negotiator for the Saudi side) had signed on to a $29.4 billion arms deal with Boeing. Included in the sale: more than 80 F-15 fighter jets, which are now slaughtering ambulance drivers, children, and any others in war-torn Yemen who happen to be within range. “Not a bad Christmas present” remarked one top official in an email chain made public by a Freedom of Information Act request. Hillary was on the receiving end of all of this.’
‘The gift-giving was hardly one-sided, however. The Saudis had already given an estimated minimum of $10 million to the Clinton Foundation. And, as David Sirota and Andrew Perez pointed out in the International Business Times.’
“Just two months before the deal was finalized, Boeing – the defense contractor that manufactures one of the fighter jets the Saudis were especially keen to acquire, the F-15 – contributed $900,000 to the Clinton Foundation, according to a company press release.”
‘As the Saudis prepared their campaign of aggression, the Clinton State Department made arming the regime a “top priority.” And as Hillary prepared her presidential run, a Boeing lobbyist, Tim Keating – a former aide to husband Bill – hosted a “Ready for Hillary” fundraising gala.’
Meanwhile, the barefoot Houthis are kicking ass on the Saudis despite the latter’s huge advantage in numbers and weaponry.
https://www.youtube.com/watch?v=bJmc87N17wg
Crickets.
A simple question, Bill: will you be happy if Hillary wins?
No. I want Trump to win. The reason is he’s going to anger a higher percentage of American taxpayers than Clinton will. Either he will be ousted or he will be the lapdog of the bankers. His worshippers do not expect it. That is why I want him to win.
‘I want Trump to win’
Yeah, and you’ve got no dog in this fight. I’ve got a dog; his name is Da Meddle Fanger!
Testify, Brother Ben. Can I get a “Hallelujah!” in the house?!!
Well his name certainly is not Ron Paul.
I knew Ron personally at one time. I drove him to rally’s etc, we had philosophical talks. He never took on globalism like this. He was also too nice a guy to call the Bush gang out on 9/11. This is a different time. Ron won’t be running again, Rand isn’t his dad. I talked for a few hours with Rand too. He’s into Machiavellian stuff. Good luck making deals with neocons. It’s a new time. Who knows where it will go.
“Da Meddle Fanger!”
Hillary has already given this to you and me.
http://www.washingtonexaminer.com/clinton-spokesman-to-trump-go-fuck-yourself/article/2604089?custom_click=rss
She is all about polite speech toward the other gender, ya know. Or just maybe, she is all about being above the rules for lesser people.
This isn’t just about economics or taxes, Sweet William. It’s about who we are as a nation. Hillary will give us more of the same. If that’s working for you, vote for her. Trump is the only candidate since Ron Paul who has explicitly denounced globalization and has announced an America-first platform. That’s long, long overdue - along with treating other sovereign nations with respect and dignity.
Bill and I have been practicing our Hillary victory dance down at the Soros social center. We’re pretty good… we’ll have to make a youtube for you all.