We’re Sort Of Running Out Of Customers
A report from MarketWatch. “Ever since the shock of the financial crisis ebbed and buyers began to return to the housing market, one truth has dominated: mortgage lending is tight. But is it? So much lending to people with higher credit scores and so little to those on the lower end of the spectrum has shifted the average FICO score up about 40 points since before the bubble burst. But measured in another way, lending is shockingly loose. And, according to one economist, that tells us a lot not just about the housing market, but about the economy as a whole.”
“The 20% down payment may linger in Americans’ imagination, but it’s even less real today than Jimmy Stewart’s small-town banker from 1946. American homeowners, particularly those at the lower end of the market, are increasingly leveraged to pay for their houses, says Sam Khater, deputy chief economist at data provider CoreLogic. In fact, owners of entry-level homes, those in the $150,000 to $300,000 range — have more debt and less equity now than they did in 2005, at the height of mortgage mania.”
“For Khater, that says less about credit markets and more about another defining feature of the post-recession housing market — its lack of affordability. ‘We have our eye on the wrong ball,’ he told MarketWatch. ‘What I worry about is the leverage not from a default perspective but from an affordability perspective. Demand for credit has been weak. But the much bigger issue is the supply of housing, not supply of credit.’”
“Home builders are selling fewer and fewer homes in the lower-end categories as the recovery drags on. They built more than four times as many homes in the $750,000 and above price range in the first half of this year than those priced under $125,000.”
“While it’s impossible to say where we are in the housing market cycle, it’s certainly not the beginning, and prices in several metros have long since surpassed the highs they first set 10 years ago. ‘It’s one thing to be leveraged at the beginning of a run-up in home prices. It bears more risk when you’re at the top of pricing,’ he said. ‘I don’t know where we are but I do worry that if we have this much leverage at this part of the real estate cycle that we might be setting up for turbulence in the near future.’”
“Khater also thinks the affordability hump will serve as a speed bump for the entire housing market. ‘As home prices continue to move up, there are fewer and fewer borrowers who are able to participate in the market,’ he said. Sales have begun to falter – but price growth marches on. ‘At some level, we’re sort of running out of customers,’ Khater said.”
The Alaska Journal. “The 2016 Anchorage residential market could best be described as having had a minor fender bender, not the fatal crash so many naysayers predicted for the housing market. There are, however, some minor dents in the market. Homes that are 30 years old and in need of maintenance and remodeling are not appreciating and in some instances, depreciating in value from their original purchase price from five or 10 years ago.”
“Two of Anchorage’s most expensive areas, downtown Anchorage and DeArmoun/Potter Marsh, have seen a modest decline in average sales price while the rest of the market has remained flat with virtually no appreciation in the average sales price of $362,000 from a year ago. But, what has increased is inventory. Buyers have a much wider selection than they did at the beginning of the year. September had 999 active listings compared to 569 in January. More inventory doesn’t mean more buyers. Quite the contrary. There is definitely emerging a hesitancy in the market place.”
The Tampa Bay Times in Florida. “with 87 homes sold in a single three-month period this year, Waterset is the fastest-growing new-home community in Tampa Bay. When finished it could potentially have as many as 5,000 single-family homes. That’s in addition to the hundreds of houses going up in other parts of south Hillsborough. Is the area in danger of being overbuilt?”
“Ron Balseiro, a veteran appraiser familiar with SouthShore, sees a potential downside to buying a new home in one of the many new communities that are springing up. ‘If the builder is still building and if you need to sell in a year or two, what people don’t understand is that it’s hard to sell your house because you are competing with the builder,’ he said. ‘It’s okay now because values are still going up but if interest rates go up, builders will be forced to lower their prices.’”
The Atlanta Journal Constitution in Georgia. “Nearly a decade after buying her home, Jennifer Dewan feels trapped in it. The first-grade teacher paid about $175,000 for her Fairburn home during the housing boom and then, when the bubble burst, watched powerlessly as values plunged below what she owed on her mortgage. She stuck it out and kept up with her monthly payments, but the rebound in values since then has yet to undo the damage.”
“Dewan is one of the tens of thousands of metro Atlanta homeowners or families still ‘underwater,’ or owing more than their home is worth, in the wake of the housing bust that still scars the region. Dewan, 59, said she’d still have to bring a lot of cash to the closing to pay off her mortgage. ‘The homes in the area are selling for $145,000 to $150,000. Sure I’d sell and try to buy something else in a nicer neighborhood if I could. I feel very trapped.’”
“Dewan recently became one of more than 5,000 people who have applied so far to a program offering one-time cash boosts to get underwater homeowners closer to the surface. Phyllis Atchison, 63, will likely not qualify. Neither will her mother, 85. Both own underwater homes in Southwest Atlanta. Each of the women owns an investment property in the area as well, and they too are underwater, Atchison said.”
“‘They tell me my house is worth only about $75,000. The balance on the mortgage is $100,000,’ Atchison said. ‘I refinanced in 2007 and took cash out to buy the rental property.’ She figured she would make a lot of money selling it in a few years, but her timing was unlucky. ‘I tried to sell right before the market fell and I had an offer for $320,000 but it fell through,’ she said.”
“Jacqueline Atterberry, 51, had her townhouse built in 2007 in the Cascade area of south Atlanta and moved in the following spring. ‘I was so excited, the first in my family to be a homeowner,’ she said. ‘And of course, everything went bust a month or two later.’”
“With prices dropping, homes around her falling to foreclosures and her interest rate climbing, Atterberry negotiated a loan modification to cut her payments. Despite losing a job, she kept making those payments. But she still owes $110,000 — about twice the current home value. The state’s new program holds out hope, she said. ‘I really like my home. I can’t imagine walking away.’”
Ok. Let’s check the boxes.
Underwater
Took out equity in a refinance
To buy an investment property
To make lots of money
Which is also now underwater
But almost made a fortune - she was that close!
Don’t casinos work this way?
———-
“‘They tell me my house is worth only about $75,000. The balance on the mortgage is $100,000,’ Atchison said. ‘I refinanced in 2007 and took cash out to buy the rental property.’ She figured she would make a lot of money selling it in a few years, but her timing was unlucky. ‘I tried to sell right before the market fell and I had an offer for $320,000 but it fell through,’ she said.”
greed utter greed.
“She figured she would make a lot of money…”
If easy money was there to be made it wouldn’t be left for her.
Despite losing a job, she kept making those payments. But she still owes $110,000 — about twice the current home value…‘I really like my home. I can’t imagine walking away.’”
That house is killing you financially, and you let it be so because you “like” it.
P/I on $110,000 is about $525 per month.
Heck - that would only get you one week’s rent in a pidd
What many people don’t realize is houses which are primary residences are cash flow negative. Granted so is renting, but houses are more so, especially in the short and intermediate term.
‘I really like my home. I can’t imagine walking away.’”
Dear Jacqueline,
It isn’t your house. It is the banks house. You don’t own a house, the bank does. You own a mortgage and rent from the bank.
slaves to homes
Being a slave to a 401k is a nice thing. Being a slave to a car or a house is not.
P/I on $110,000 is about $525 per month.
Heck, that would only be one week’s rent in a piddle of a town 60 km SW of Sydney
“American homeowners, particularly those at the lower end of the market, are increasingly leveraged to pay for their houses.”
And houses and cars. It isn’t just the downpayment. If the Feds, the Fans, the Freds, the FHA went back to no more than 25 percent of income for housing, and 30 percent for all debt, housing prices would have to fall to match up with the big inflation-adjusted decreases in work earnings.
https://larrylittlefield.wordpress.com/2016/10/16/american-community-survey-data-falling-median-work-earnings-by-educational-attainment/
By allowing people to pay an higher percent of their income, they don’t make housing more affordable. They force people to spend more.
If the Feds, the Fans, the Freds, the FHA went back to no more than 25 percent of income for housing, and 30 percent for all debt, housing prices would have to fall to match up with the big inflation-adjusted decreases in work earnings.
I’ve disagreed with this before, and I’ll disagree *again*. If the government required 25% of income for housing, then nobody who “works” (makes wages) could afford buy a house. Prices would NOT fall to where the worker could afford it. Instead, prices would fall to where the LLs and hedge funds think the price is good. The LLs and hedgies would then buy the houses and rent them out to the workers.
… and those LLs and hedgies would trade in RBS… and derivatives based on RBS… and they would project profit based on raising the rent 5% each year… and they would cut corners on maintenance… and the once proud middle-class suburbs would turn into a giant slum.
Donk,
Where anyone ‘thinks’ a price ought to be is likely one of the most foolish things you’ve ever said…. and you’ve said alot of them.
The reality remains that housing prices are currently and have been 300% higher than long term trend and double construction cost.
“Prices would NOT fall to where the worker could afford it.”
There are those who will be “forced” to pay a certain price and there are those who will not. It’s not like they put a gun to your head. It’s more like something already inside your head “forces” you to pay what you should not. Like a gun inside your head.
The analytical time cost of finding a work around is a tiny fraction of the cost of debt slavery through the decades of productive career. Some find this path. Many don’t.
Total B.S.
If that were true, why didn’t happen when higher down payments were required?
Why doesn’t it happen now? And according to your logic, rents will go up to the sky, because that’s what the financial players want - yet rents are already starting to fall in SF and SJ.
What sets house prices in the short term? Long term?
‘Why doesn’t it happen now? ‘
Isn’t that kinda what happened in 2010-2012ish? Hedge funds, AH4Rent, etc. and commercial investors stepped in before prices reached a natural bottom.
‘why didn’t happen when higher down payments were required?’
To some extent because these hedge funds, investors, weren’t in the SFH market. There wasn’t the ability to colateralize and sell off derivatives either. There were also meaningful legit returns elsewhere.
And banks haven’t really required truly high down payments for something like 20 years. It was only in very recent years that we have had the low interest rates, discount window, bank mega-mergers which allowed for mass purchases.
Oxide is making a really salient point here. Prices would be falling except for the hedge fund and fintech companies, some of which have already been revealed to be willing to fake payments to investors.
Case-Schiller predicted that 90% of houses in California with mortgages would be underwater by 2013. Instead, in 2012, the hedge funds opened their infinite wallets and bought the market. Yes, SF and LA had lots more jobs but the prices are going too fast too far.
I also believe that the flipping going on on the side lines is the old fashioned flipping where the flippers flip a house back and forth between a group and then finally flip it to the unsuspecting mark at the bubble price.
Prices are already falling.
You grossly underestimate the number of houses out there. No way that could happen.
And that’s a good point. House prices — or rents — don’t go to the sky simply because you physically run out of buyers.
The number of houses isn’t relevant. What’s relevant is the number of houses that are for sale in areas near jobs. And the banks don’t have to buy up all the houses to arrest a falling price trend. They only need to buy a few to establish comps.
That does make some sense, given that our country’s long-term trend is towards neofeudalism, with financial lords. Those standards are a barrier to someone who has to earn and save money. They aren’t a barrier to an entity that can borrow money at zero percent interest.
….. and collapse demand destroying the economy.
there can be no volitility cause that could cause a panic.
Who in their right mind would buy US debt that the Fed is going to print away? And what happens when “investors” balk at the low risk-reward proposition?
http://www.zerohedge.com/news/2016-10-18/saudis-china-dump-treasuries-foreign-central-banks-liquidate-record-346-billion-us-p
Americans will understand what $10 trillion in obama debt really means…?
Huge market, trades like water and the probability of a serious loss is much smaller than anything else is why.
I owe you an apology, I don’t know if you saw it. You were right about Assange. I thought it was just paranoid stuff. Boy, wuz I wrong! Just had some crow for dinner.
Does it taste like chikin’?
Bond investors buy when they see rates stay low. They sell when rates go up.
Small investors buy when rates go up so they get the yield. The gorilla in the room is the institutional bond investor.
When ten year yields go up on US notes the big investors will dump them.
In fact the dumping of treasuries to bag holders has just begun. Yields are gonna move, where’re or not the Fed likes it. When? Any month. It will be a rush tomthe exits and people will also dump U.S. Stocks.
http://www.zerohedge.com/news/2016-10-18/saudis-china-dump-treasuries-foreign-central-banks-liquidate-record-346-billion-us-p
What if the Fed steps in as buyer-of-last-resort?
If investors dump both stocks and treasuries, where will the money flow?
Metals and foreign currencies, international stocks, and crypto currency.
foreign currencies
Which currency do you think is in better shape than the USD? Since so many US companies are multi-nationals, would ‘international stocks’ really be much different?
“Which currency do you think is in better shape than the USD? Since so many US companies are multi-nationals, would ‘international stocks’ really be much different?”
The shallow answer is no currency is so “strong” as the dollar. The in-depth answer is the dollar is overvalued and some currencies are undervalued relative to the dollar.
If you graph the ten year U.S. note yield versus the Swiss Franc you will see they are correlated. So that when the big owners of ten year notes dump them, they will be buying alternative currencies such as swiss Francs. I also like the Singapore Dollar. It has a similar chart. I plotted the max, which is about ten years on yahoo finance. I posted several times that the common myth is that as interest rates go up gold goes down (and as rates go down gold prices go up - also a myth). Gold and other metals are also correlated to the Swiss Franc.
To answer your question, the currencies that are correlated to the ten year note yield are in better shape than the USD because markets are cyclic.
So many US companies are multinational, however there are far more non-US multinational companies. Here are some: Bayer, Volkswagen, Airbus, Toyota, Samsung, Nestle, Nokia. None of these are not in your Vanguard 500 index fund. Also when currencies fluctuate, depending on which direction, you may be at an advantage (or disadvantage) being in international (ex-US) stocks compared to multinational US-based stocks.
http://www.zerohedge.com/news/2016-10-18/saudis-china-dump-treasuries-foreign-central-banks-liquidate-record-346-billion-us-p
But…but…the Keynesian academics at Ivy league schools all told us debt-based “growth” based on consumption and asset bubbles would take us to a permanently high plateau of economic prosperity.
http://wolfstreet.com/2016/10/18/the-economy-is-cracking-under-too-much-debt/
THREE WEEKS TIL VICTORY!
Three weeks and one day until we wake up to a bitterly divided, polarized country where one half loathes the other half for installing a president who represents everything they despise.
Always Look on the Bright Side of Life!
https://www.youtube.com/watch?v=SJUhlRoBL8M
workers who actually have to work and produce generally support trump.
Not if you work in NYC, DC & SillyValley.
My company is making hand over fists from the spending spree that SalesForce is on. Jesus, the people who work there….I mean….well I will stop.
workers who actually have to work
An alien concept to Hillary supporters.
Read some Charles Bukowski and learn something…
No Ray, we already have that.
It’s going to get a lot worse. I thought Obama was an insubstantial bon vivant, but he was a clear improvement over Bush in that he could say no to the rabid neocons and their endless demands for military interventions and confrontations. Hillary, on the other hand, is pure evil. She will accelerate all the negative trends in this country and cause the existing fault lines to become chasms. Trump, while he’s an a$$ and a buffoon, lacking in class and character, at least offers the hope of being intelligent enough to recognize that he has to govern responsibly and represent more than a corrupt and venal .1% in the financial sector.
What makes you believe anything that comes out of Trump’s mouth?
A good, nonviolent civil war is what I crave.
This country is too corrupt to fix…
Home | Politics
Tags: 2016 Elections | Donald Trump | GOP2016 | GOP | Civil War
Republicans Fear for Future: ‘There is a Civil War in the Party’
(AP)
By Joe Crowe | Monday, 17 Oct 2016 09:48 AM
Republicans are admitting that their party is in chaos, according to The Hill.
“It’s splitting right before your eyes. It’s happening now. There is a civil war in the party that is going on right now. The question is whether, after the election, the party will be able to repair itself; or cease to exist; or continue to exist in some diminished way,” according to Rick Tyler, Texas Sen. Ted Cruz’s former communications director.
…
Trump gets the blame but GOP was ripened for civil war after Bush’s 8 years.
1. What did the social conservatives get? Nada
2. What did the free market folks get? Nope nothing
3. What did the white working or middle class get? Oh, you kid!
Crony capitalism and Neocons’ agenda have been thoroughly rebuked by the plebs….I guess there’s a god after all.
Coming soon to the evil party as soon as Hilary loses presidency….hopefully after November 8. Forget gold…stack some popcorn…it’s gonna be glorious.
Ozero sez no voting fraud, lol! Was he asleep during the primary where Hillary and the DNC stole it from Bernie?
What a sad sack of a sellout Bernie has become. I’d be so pi55ed if I was a berner.
I really really hope you get to build that wall
https://www.yahoo.com/news/six-people-found-alive-severed-hands-mexico-061930329.html
The Donald speaks today in Colorado Springs:
https://www.c-span.org/video/?417109-1/donald-trump-calls-constitutional-amendment-impose-congressional-term-limits
C-SPAN has no commercials other than promos for upcoming C-SPAN programs. Why do you need a corporate media conglomerate out of NY/DC to reinterpret this for you, when you can watch it without interruption, interpretation, commentary, or adverstising?
I don’t pay for cable TeeVee. I got rabbit ears, and I seldom watch an actual broadcast show on the TeeVee. Advertisers, I exist outside of your realm, LOLZ.
https://projects.fivethirtyeight.com/2016-election-forecast/
Are the sheeple finally starting to turn off their TeeVees?
http://hosted.ap.org/dynamic/stories/U/US_NIELSENS?SITE=MYPSP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-10-18-16-29-49
If they turned off their TVs several years ago they would not have a fascist run against a neocon in 2016.
OK, this is disgusting, but there’s something about the Clinton Campaign bus illegally dumping human waste that says it all, including the foul smell, lol. What a metaphor!
https://www.youtube.com/watch?v=N7O26E8rouA
There goes the environmental vote.
How’s this bi@@@ going to win is beyond me…. LOL
she had sex with yoko ono…..talk about a sympathy vote
https://pbs.twimg.com/media/CvFVJd6XYAARCjZ.jpg
Feel good today. Convinced an employee of mine not to jump on this “red hot” so cal housing market.
“with 87 homes sold in a single three-month period this year, Waterset is the fastest-growing new-home community in Tampa Bay. When finished it could potentially have as many as 5,000 single-family homes. That’s in addition to the hundreds of houses going up in other parts of south Hillsborough. Is the area in danger of being overbuilt?”
In danger of being overbuilt? It already IS overbuilt, at least in that area. A more apt name for the development would be “Watersettle”, which is exactly what those homes will be doing in a few years, sinking down into the high water table, IMO.
You have to see that area to believe it. Why anyone would buy there is beyond me, but it’s true, unfortunately, that people are buying. They have a lovely view of the Tampa Electric plant smoke stacks. The article discusses Big Bend Road. Sigh. When we first moved to the area back in 2000, it was a great road, a nice straight shot between three major thoroughfares. Pretty much all that was there was the high school, a little bit of light industrial, a little bit of agriculture, some large manufactured homes with acreage and a lot of scrub land. Now it’s malls and the hospital and developments, of which Waterset is one.
Covington Park, the original development, got hit by the ugly stick during bubble bust 1.0. Before it could recover, along came Waterset and it looks to be up to the bat next.
The schools in the area are horrible. If I had kids, there’s no way I’d put them in any of the schools around here.
Kings Lake, mentioned in the article, is a disaster. I’ve had a couple of former residents (renters) tell me they couldn’t get out of there fast enuf when their lease was up. They had to endure stuff like teens having brawls in the parking lot at night. These were not isolated incidents.
I am rarely down there, but I’m still trying to understand the appeal.
Ugh. Some days the apocalypse can’t come soon enough.
http://www.nytimes.com/2016/10/19/arts/design/those-lips-those-eyes-that-stubble-the-transformative-power-of-men-in-makeup.html?_r=0
Rumors that the video above shows Sweet William preparing for a performance of his signature song, “Ode to Hillary and the Corporate State!” cannot be confirmed.
Panda bear for sure. I buy willian’s bs….I am kinda like him miself.
It’s fun to yank his chain, because he’s so full of himself. I would buy into the Libertarian credo if the earth was populated by saints…but it’s not.
I will be voting for the libertarian candidate for Senator from our state. I cannot vote for either the Dem nor the Rep candidate. Both are equally unpalatable.
I don’t think I have the same option on the House. I just got that ballot and will be studying and researching today/tonight.
Don’t you just hate it when Comrades of Proven Worth (D) squabble over the payola?
http://www.dailymail.co.uk/news/article-3849162/How-Chelsea-Clinton-accused-father-s-closest-aides-taking-significant-sums-money-parents-angry-feud-family-foundation.html
Rash of neighborhood burglaries preceded fatal shooting in Denver backyard with marijuana plants:
“Swiping marijuana plants by the root was a dumb and reckless crime, but not a serious one — and it certainly didn’t justify shooting two boys, said a neighbor who identified himself only as Kevin for fear of retaliation.
But to others living on the 2800 block of High Street and the surrounding neighborhood where Hammock, 48, is accused of fatally shooting 15-year-old Keylin Mosley and seriously wounding his 14-year-old friend, the shooting was the inevitable conclusion to an escalating series of crimes including graffiti tagging, car thefts and burglaries that made people worry about their safety. Denver crime statistics verify that property crimes were on the rise in the Whittier neighborhood.
“That wasn’t the first time they were stealing his pot. This ain’t the first incident. The area was heating up,” said Thomas Materese, 34, who works as a cabinet maker out of a garage across the alley from Hammock’s decaying brick home.”
http://www.denverpost.com/2016/10/14/backyard-marijuana-shooting-neighborhood-burglaries/
Time to take out the trash.
Dey wuz good boyz, dey din do nuffins. Dey di’nt deserve this!
‘He allegedly shot the teens from a second-story window with a .22-caliber rifle ‘
People underestimate the .22 imo. Tell someone you have a .22 and they’re like ‘not nearly enough power, all you’ll do is irritate the intruder’, like its a bee sting or something. It is a little more meaningful than that obviously. It is a good choice for for someone with smaller hands, like my wife. She has issues with the 9mm. I want to get her a .380 or a .22.
Once an artery has been severed it’s usually game-over.
“Homes in the Denver housing market are still selling fast, according to a new residential real estate report.
And the median sale prices of homes sold in Denver rose 13.1 percent in September from a year earlier, well above the national average of a 5.1 percent increase.
Last month, it was reported that Denver was ‘in dire need’ of more than 67,000 new homes because of low single-family home construction.”
http://www.bizjournals.com/denver/news/2016/10/18/denver-housing-market-still-percolating-says-new.html
Hillary is toast. Obama supports Trump.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=7&cad=rja&uact=8&sqi=2&ved=0ahUKEwjGtM2y4OXPAhVGWz4KHd8_B-QQqQIIODAG&url=http%3A%2F%2Fwww.telegraph.co.uk%2Fnews%2F2016%2F10%2F18%2Fbarack-obamas-half-brother-malik-obama-attending-third-president%2F&usg=AFQjCNGJORi-rLApFJqy7CE0nA23bVn5VQ&bvm=bv.135974163,d.cWw
The rapid growth of homelessness: another “mission accomplished” for the central banksters and their housing bubbles.
http://www.independent.co.uk/news/uk/home-news/councils-homeless-sleep-streets-st-mungos-a7368336.html
Those with a vested financial interest in Canada’s housing bubble are claiming (naturally) that there is no housing bubbles. Sound familiar, HBB denizens of 2007?
http://wolfstreet.com/2016/10/18/shadow-banks-no-down-payment-subprime-mortgages-in-canada-house-price-bubble/
Somebody is nervous if the Clinton News Network is putting this out.
Dem operative ’stepping back’ after video suggests group incited violence at Trump rallies
By Daniella Diaz and Drew Griffin, CNN
http://www.cnn.com/2016/10/18/politics/project-veritas-action-robert-creamer-donald-trump-rallies/index.html
Yeah, getting a conscience, no way!
http://www.zerohedge.com/news/2016-10-18/robert-creamer
Just a rogue operative…no connection to the DNC establishment…not part of any dirty-tricks operations and voter fraud orchestrated by the highest echelons of the DNC and Obama administration…oh, heavens no!
DNC voter fraud is massive and systemic, but Obama, who met multiple times with the shady operative at the central of the DNC’s dirty tricks covert network, sees no evil.
http://www.mrctv.org/blog/breaking-clinton-operatives-plan-voter-fraud-while-obama-denies-corruption
The DNC’s massive voter fraud goes straight to the top. Of course the DoJ and FBI will turn a blind eye.
http://www.zerohedge.com/news/2016-10-18/robert-creamer
The lawlessness under O is worse than turd world level.
Although what else can we expect from a government that has killed/maimed women, children & innocents in its useless wars?
We have been a banana republic for a while. Another conspiracy theory becomes a fact.
First-time buyers will save the market.
http://www.wsj.com/articles/first-time-buyers-expected-to-return-to-housing-market-1476821909
My favorite:
““The first-time buyer is ready to come back,” said Jonathan Smoke, chief economist for Realtor.com.”
Yes, Mr. Smoke chief economist. Tell us more.
When you wake in the wee hours of the morning, stumble over to your computer, go to the HBB and post “DRAIN THE SWAMP”!
We have the best slogans, don’t we?
China dumping US debt.
http://www.bloomberg.com/news/articles/2016-10-18/china-holdings-of-u-s-treasuries-drop-to-almost-four-year-low
DNC bus illegally dumps raw sewage in town storm drain. Very emblematic of what’s coming for flyover country if Hillary is elected.
http://hosted.ap.org/dynamic/stories/U/US_CAMPAIGN_BUS_SEWAGE_DUMPED?SITE=MYPSP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-10-19-05-38-22
RIP, 4th Amendment.
http://www.forbes.com/sites/thomasbrewster/2016/10/16/doj-demands-mass-fingerprint-seizure-to-open-iphones/#122335b68d9d
serfs
Dem Operative Who Oversaw Trump Rally Agitators Visited White House 342 Times
Peter Hasson
Reporter, Associate Editor
11:38 PM 10/18/2016
A key operative in a Democratic scheme to send agitators to cause unrest at Donald Trump’s rallies has visited the White House 342 times since 2009, White House records show.
Robert Creamer, who acted as a middle man between the Clinton campaign, the Democratic National Committee and “protesters” who tried — and succeeded — to provoke violence at Trump rallies met with President Obama 47 times, according to White House records. Creamer’s last visit was in June 2016.
Read more: http://dailycaller.com/2016/10/18/exposed-dem-operative-who-oversaw-trump-rally-agitators-visited-white-house-342-times/#ixzz4NXDVH8ZF
‘Home builders are selling fewer and fewer homes in the lower-end categories as the recovery drags on. They built more than four times as many homes in the $750,000 and above price range in the first half of this year than those priced under $125,000.’
But there’s a shortage of shacks.
Why Did Vote-Rigging Robert Creamer Visit The White House Over 200 Times During The Obama Admin
Voter fraud isn’t Creamer’s only criminal specialty
Zero Hedge - October 19, 2016
http://www.zerohedge.com/news/2016-10-18/robert-creamer