October 20, 2016

If You’re Selling It’s Time For A Reality Check

A report from the Desert Sun in California. “Madelaine LaVoie greets visitors with hugs and brownies at her Yucca Valley real estate office. LaVoie points to a little black cabin, with a mid-century slanted roofline and a wooden pergola, on the horizon. ‘That one just closed escrow for $400,000,’ LaVoie says, adding that it’s a one-bedroom, one-bathroom house. ‘There’s only a few of them up here, and they’re coveted… they all want this, and they pay through the nose to have this kind of a look.’ ‘They,’ LaVoie said, are a stream of out-of-area homebuyers flooding into the high desert, particularly Joshua Tree, in the last two years. In the last year, these buyers have driven the high-desert hamlet’s prices up by more than 30 percent.”

The Lakeland Times in Wisconsin. “According to data released by the Northwoods Association of Realtors (NAR), real estate sales over the past quarter - July through Sept. - have continued their positive outlook. In Oneida County, off-water home and condo sales increased from 96 to 116 over last year, however the average price of home sales only increased by $1,500. ‘The number of sales have increased but prices have stayed kind of flat,’ NAR member Bonnie Byrnes said. ‘I think that’s indicative of the fact we still had a decent amount of inventory to work through.’”

“‘Probably the one sector that still seems to be struggling is vacant land, both waterfront and off-water,’ Byrnes said. ‘Mostly because there are still such good deals out there for existing homes, to build new, you might not come out ahead. You get what you want but you might have a better value in an existing home.’ Vilas County’s vacant land sales are likewise all over the board with off-water lot and land prices decreasing by an average of $4,250 but increasing by one in the number of sales. On-water lots and land however decreased in both average price - by half - and number sales.”

From ABC Action News in Florida. “In real estate timing is just as important as location and right now the timing is getting better for buyers. Price reductions are becoming more common all over Tampa Bay. A quick search of homes in the $400 thousand range and you’ll find reductions of $50 even $100 thousand dollars. Real Estate Agent Vince Arcuri says price reductions in the Tampa are starting to pick up, but he says the reason has less to do with election anxiety and more to do with supply and demand.”

“The summer is over, the rush of buyers has subsided, and inventory is up. ‘Which means as a seller you have to get a little bit more aggressive on price,’ says Arcuri. This is a smart time to buy a home. And if you’re selling Arcuri says it’s time for a reality check. ‘If your home hasn’t sold and it has been on the market for a couple of months, it’s a wise move to reduce your price , because of the time of year we are in.’”

The Greenwich Sentinel in Connecticut. “The strong market under $2 million has continued all year and into September. Over $3 million the high-end sales slump continues with seven fewer sales this September compared to last September. Our inventory for $2 – 3 million is down 15 houses and contracts are up 3 houses. As a result, our months of supply in that category are down by two months from 14 months to 12 months. So while it’s still very much of a buyers’ market the market is getting better.”

“Now you would think with all the inventory that we have at the high-end that everyone could find what they want, but there has been a real sea change in what people are looking for in this price range. A classic example of a house that the owners did a great job of redoing for today’s market is 5 Lindsay Drive. It’s beautifully decorated and cool grays, white carpets even down to the master bath. It will be interesting to see what happens to any of the really beautiful houses that we have that don’t fit what many of the US buyers in this category are looking for. ”

“After an interesting start with some high inventories at all levels, the year has settled down and is actually doing better than last year all the way up to $3M. Over that amount the market is not dead it’s just slower than last year with somewhat higher inventory and sales down a little.”

The Eurasian Review. “We’ve seen this movie before. Next time you crane your neck up into the neon lights of New York City, you just might be looking up at a vacant apartment. Nearly 5,300 apartments in Manhattan are listed for resale end of September 2016. Buyers are playing a waiting game, sellers want to cash out. Year on year apartment sales in Manhattan are down 20 percent for September. This trend is not limited to New York City, though.”

“A three bedroom single family home in Springfield, New Jersey is up for sale at $700,000 and lying vacant for five months; a three bed, three bath plus basement townhome in a Columbia MD cul de sac in one of America’s best school districts was advertised for $450,000 and sold for $400,000 this summer.”

“Exactly ten years after the first cracks appeared in what would become the great crash of 2008, prices are cooling off in America’s housing markets that were red hot for five years on the trot. The five-year surge in real estate demand across the West is starting to take its toll in some areas as buyers become more reluctant to purchase a home that would eat up a large chunk of their monthly earnings. Rents are falling too. Lower rents and higher supply of apartments are making more people wait out the home buying decision.”

“Cheap debt and the decades old packaging of home ownership as a wealth accumulation tool (never mind the debt) in American culture mean that housing crises are a routine blot in America’s economy. The way America does home loan business has not changed. Every home loan is bundled into a bond, guaranteed by the government and sold to buyers worldwide.”

“The mechanics are far more complicated, but it’s not far off the mark to say that a New Yorker’s thirty year mortgage may well be a bond held by a Chinese investor living on the other side of the planet. At least $7 trillion of America’s housing market — the world’s largest asset class — is held exactly like this in the hands of investors worldwide. On the regulatory side, while banks have tightened processes, the fizz is slowly going out for home sellers. After years of nonstop price spiral, buyers are getting price fatigue.”

“In the past five years, home values have soared seventy one percent in Denver, sixty six percent in San Francisco and fifty four percent in Austin, Zillow data show. Nationwide, the gain was twenty two percent. Western cities — especially San Francisco, San Diego, Los Angeles and others like Austin, Texas — which led America out of the Great Recession with a job boom mainly in technology are showing signs of cool off.”

“The same study says buying a roughly 700 square-foot apartment is out of reach for most ‘highly skilled’ people earning an ‘average’ annual income. Surplus high end units in ritzy neighbourhoods and slower growth in high income jobs mean that home prices that are at the tippy top like they were in 2006 than they’ve ever been may get no takers for months — pushing prices down.”

“Almost 200,000 units have come into the rental market in America in the past twelve months and 2016 will set records for construction figures or break them. Lenders are getting more selective about the projects they fund. In a line, if you’re putting money into a house in America, bargain hard and rent while you wait it out. In both cases, you’ll be better off than you’ve been in the last five years. Prices may fall back to earth.”




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90 Comments »

Comment by palmetto
2016-10-20 06:37:58

“The strong market under $2 million has continued all year and into September. Over $3 million the high-end sales slump continues with seven fewer sales this September compared to last September.”

That Greenwich, Ct. market is crazy distorted. Massive inflation at the “low end” (which is under 2 million, which in itself is insane, wut?) and massive deflation at the “upper end” (over $5 million). To give some perspective, the “low end” houses ($1-$2 million) in the Greenwich area would max out at $500,000 in other markets, but would be more in the range of $150,000 to $300,000. So that’s the “low end” in Greenwich.

Now, the upper end has what would be considered fire sale bargains, to the people who have that kind of money. In other words, a back country estate with a mansion, some outbuildings, pool, tennis courts, and five to 10, even 15 acres can be had for a “steal”, which in some cases would be $5 million, down from $10 million or even $15 million. That’s quite a haircut. And yet, many of these “estates” sit and sit and sit, because even the billionaires aren’t interested in the renovations and upkeep involved. Even more, they are wary of Connecticut taxes and now look at other states for residency.

Comment by phony scandals
2016-10-20 07:27:30

“To give some perspective, the “low end” houses ($1-$2 million) in the Greenwich area would max out at $500,000 in other markets, but would be more in the range of $150,000 to $300,000. So that’s the “low end” in Greenwich.”

That’s correct.

In 1960 one of those low end ($1-$2 million) houses could be purchased brand new for $31k. In the mid 70s $250k

Comment by palmetto
2016-10-20 07:37:10

In the early 70s, my parents paid $150K for the family manse in Greenwich proper. And we considered that a LOT of money. At the time, it was worth it, because we, like others, were economic refugees from NY.

Comment by Cracker Bob
2016-10-20 09:12:01

New York? I had you figured for a half-back.

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Comment by palmetto
2016-10-20 09:37:23

Born in mid town Manhattan. Family moved to the burbs when I wuz four.

Haven’t done the half-back thing yet. Probably will if the air conditioning restriction “laws” get enacted. Can’t live in this part of Florida without it during the summer. There are a couple of hardy souls who actually do it, but I sure couldn’t.

 
Comment by Cracker Bob
2016-10-20 13:01:31

Wow, what a difference in lifestyle.

 
Comment by rms
2016-10-20 13:19:20

“Probably will if the air conditioning restriction “laws” get enacted.”

Briefly, what’s this about?

 
 
Comment by rms
2016-10-20 14:15:44

Yep, the HFC issue, i.e., R-22 to R-410A refrigerant. Thanks!

 
Comment by Ethan in Northern VA
2016-10-20 15:09:28

I thought R22 (Freon) was phased out 15 years ago.

 
Comment by rms
2016-10-20 20:49:56

“I thought R22 (Freon) was phased out 15 years ago.”

It was probably signed back then to be phased-out in steps.

 
Comment by Carl Morris
2016-10-20 20:58:18

Or are you thinking of R12?

 
 
 
Comment by Blue Skye
2016-10-20 07:44:52

It was special in 1960 too. My great aunt moved to the area in 1960, settled in a town near Greenwich and got a PO Box in Greenwich so she would have a special mailing address. 50+ years later and I still think this is hilarious.

“brand new for $31″

The majority of people alive today have known nothing but relentless credit expansion and real estate mania.

Comment by palmetto
2016-10-20 07:58:38

“relentless credit expansion”

There it is, right there. The major driver of inflation, imo. Creates bogus “value”. It would be an interesting exercise to determine the “real” prices of many things, like cars, appliances, etc., if people had to pay cash out of pocket. Or even had to purchase on “layaway”. Remember “layaway”?

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Comment by Jingle Male
2016-10-21 05:03:28

“…..classic example of a house that the owners did a great job of redoing for today’s market is 5 Lindsay Drive….”

Hmmm. Sold for $3.2 million in 2004.

Listed in 2010 for $3.95 million.

Sold in 2012 for $3.3 million. Hmmm, seller expectations revised!

Listed in 2014 for $3.69 million. Crickets.

Now rehabbed and listed at $6.75 million.

Coming soon: more revised seller expectations!

 
 
Comment by Professor Bear
2016-10-20 06:45:14

“Northwoods Association of Realtors (NAR)”

I always wondered what NAR stood for…

 
Comment by palmetto
2016-10-20 07:01:35

Holy Mushroom Clouds, Batman! Live, from Las Vegas, Hillary Clinton, in trying to make the case why Trump shouldn’t have access to the nuclear codes, divulges nuclear response time, thereby making the case against herself.

http://truepundit.com/pentagon-hillary-clinton-should-be-arrested-for-leaking-top-secret-nuclear-intelligence-on-national-tv/

That one blew right by me. I was wondering why Trump looked a little astonished. And why the silence from the left today.

Four minutes? Thanks for the heads-up.

And in honor of all Democratic women in politics, here’s a little song from Carly Simon: “We Have No Secrets”.

https://www.youtube.com/watch?v=8NCryQRna5A

Comment by Bill, just south of Irvine
2016-10-20 07:32:29

The left does not want Hillary, you dope. Hillary is a neoconservative.

Comment by Don!
2016-10-20 08:27:13

WHO THE HELL VOTES FOR THEIR MOTHER-IN-LAW FOR PRESIDENT????!!!

If she wins I’m going to have to move to Russia.

 
Comment by palmetto
2016-10-20 08:47:00

Neoliberal. Know your memes.

 
Comment by Blue Skye
2016-10-20 09:10:10

“The left does not want…”

I really have no idea where left really is. I do have an idea where up and down is. Up is the establishment club and down is the rest of us. The “up” certainly do want one of their own in as, for lack of a better expression, the titular head, and they have made their selection.

I think the one party system has never been more obvious than at present. I cannot think of any other time that a Republican President came out in force to endorse a Democratic Presidential candidate. That doesn’t shock me. It’s the transparency that is amazing, and yet so many think it is a left/right struggle.

Comment by scdave
2016-10-20 10:02:43

Simple answer….Country over party & ideology

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Comment by Jesus Navas is my Lord Savior
2016-10-20 10:21:52

Country over party & ideology = I am ok with fraud, corruption and business as usual.

 
Comment by scdave
2016-10-20 11:30:06

creepy…

 
 
 
Comment by Jesus Navas is my Lord Savior
2016-10-20 10:22:54

Last I knew Bernie was campaigning for Hillary. Did he reverse that?

Comment by Raymond K Hessel
2016-10-20 14:57:09

Nope. He sold out.

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Comment by Apartment 401
2016-10-20 17:00:50

I sent this to some Bernout friends a few days ago when Bernie and Elizabeth Warren were here pimping for Hillary in Denver.

Rolling Stones — All Sold Out (1967):

https://m.youtube.com/watch?v=-ChlPNo98Vo

 
 
 
 
Comment by oxide
2016-10-20 07:57:23

So now you’re the expert on what is or isn’t classified? It’s very well known that the time lapse from the moment of Presidential decision to the launch order reaching the submarines is less than 5 minutes, more like 2-3 minutes. The media has been looking into this for a while, ever since Trump started loose-talking about whether or not he’d actually play with the football.

Why, Bloomibergi even drew up this handy graphic, for all to see, over a month ago.

https://www.bloomberg.com/politics/graphics/2016-nuclear-weapon-launch/

Can’t you even do a 1-minute Google search before flying off the handle with conspiracy theories?

Comment by palmetto
2016-10-20 08:35:51

I didn’t claim to be an expert, in fact I stated RIGHT IN MY POST that it blew right by me.

As to what is well known, so now YOU’RE the expert on that? Oh, wait, Bloomberg is. Even they don’t give an exact time, they “estimate” 5 minutes. Hillary has corrected that and said four. And it would appear she’s not supposed to do that.

Psst, oxy, betcha you had no clue until you did your own one minute goggle search and came up with a Bloomberg link. Of course, as we know, anything that doesn’t come from a “respected” MSM source is bunk, right?

Don’t get so emotional with phony outrage. Listen to Carly and you’ll feel better.

Comment by Cracker Bob
2016-10-20 09:15:39

Anybody who is up at 3:00 AM angrily texting about Miss Universe’s weight, should not have the codes. This is regardless of race, gender or party affiliation.

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Comment by phony scandals
2016-10-20 09:35:22

“Anybody who is up at 3:00 AM angrily texting about Miss Universe’s weight, should not have the codes”

So you want to give the four minute response time to the candidate who wants a No Fly Zone with Syria and was 15 minutes late getting back to the podium from a bathroom break at a Nationally televised debate.

Hillary Promises A Syria No-Fly To Save Lives, Top General Says It Would Lead To War With Russia

Jonah Bennett
National Security/Foreign Policy Reporter

Read more: http://dailycaller.com/2016/10/19/hillary-said-a-no-fly-zone-in-syria-could-save-lives-but-a-top-general-said-last-week-it-could-cause-war-with-russia/#ixzz4NdxPp6fC

 
Comment by palmetto
2016-10-20 09:38:54

Well, then, we’ll be sure never to vote for you, should you run.

 
Comment by Blue Skye
2016-10-20 11:01:29

Past a certain age, it is not unusual to be awake for a while at 3 AM. Texts do not kill people. The send button is green, not red.

I’d say that anyone obsessed with having their thumb on “the button” should not be allowed anywhere near it.

 
 
Comment by oxide
2016-10-20 09:23:02

I didn’t claim to be an expert

Actually you just did, when you said “Hillary has corrected that and said four. And it would appear she’s not supposed to do that.

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Comment by palmetto
2016-10-20 09:42:28

Sigh, oxy, no, it was Hillary who made the correction, just like you said.

Stop digging and chill to a little Carly.

 
 
 
Comment by phony scandals
2016-10-20 08:41:42

“So now you’re the expert on what is or isn’t classified?”

Was that for Hillary or palmetto?

Comment by Blue Skye
2016-10-20 08:54:57

LOL. My Ex had about a 5 second delay between peace and the nuclear option.

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Comment by palmetto
2016-10-20 09:09:37

Lol, you guyz are killin’ me here.

All kidding aside, I’m thinking of calling my Senator’s office and having one of the staffers do a little research for me, because, as I’ve said, I am not an expert on classified or Top Secret information.

 
Comment by Prime_Is_Contained
2016-10-20 10:23:27

A 5 second delay, Blue? You lucky guy! Mine was on a mercury switch, imperceptible delay.

 
 
 
 
 
Comment by azdude
2016-10-20 07:14:44

some day janet yellen might raise rates.

Comment by baabaabooie
2016-10-20 07:52:40

Yes but only when she thinks there is an asset “bubble”

 
Comment by Blue Skye
2016-10-20 08:00:56

Perhaps it will be after they are finished trying to paper over massive cascading defaults.

 
Comment by Rigged
2016-10-20 10:17:46

#riggedmarket

 
 
Comment by PoohEmoji
2016-10-20 07:32:44

http://www.sdbj.com/news/2016/oct/19/east-village-project-ritz-carlton-hotel-gets-city-/

$2M to live in the slum:

The San Diego City Council has approved the city’s first Ritz-Carlton Hotel, along with a Whole Foods grocery store and housing, in a $400 million mixed-use development project in East Village.

Located at Seventh Avenue and Market Street, the 39-story, 1.16 million square-foot building will have a rooftop terrace and four levels of underground parking.

The project, which was developed by Cisterra Development and designed by Carrier Johnson + Culture architects, is unlike other development projects downtown in many ways. It includes a 153-room hotel, luxury condos, market-rate apartments, and affordable rental units, all in one building. The condos are expected to start out selling for $2 million apiece.

Construction is expected to be complete by 2021, but litigation by hotel workers union Unite Here Local 30 may slow the process.

Comment by dandroidz
2016-10-20 08:20:07

I hate how all of these luxury dealings always have to deal with a WholeFoods. For effs sake. Their plant out here in Massachusetts got busted by the FDA for food contamination, messy prep areas, all around slop just a few months back. I wish people would quit overpaying for BS.

Comment by oxide
2016-10-20 12:32:45

Whole Foods was a wonderful happy place until about 2006. Then it went IPO and the owner/CEO went libertarian and profit-minded. While that may sound good to HBB, it did *not* go over well with WF’s loyal clientele of people who started out as hippies but were now wealthy arugula-eating liberals. The stores themselves began turning into boutiques — the food equivalent of Grade A luxury apartments — and you could feel it when you walked in. I remember one store which had Friday night wine-sippings and a special counter just for gourmet chocolate truffles. :roll: It was a far cry from WH’s early days as a small granolahead store in Austin, and the clientele was growing disillusioned. The final straw was the CEOs damnation of Obamacare in 2010. WH lost a lot of customers (including me) after that.

Comment by butters
2016-10-20 17:16:19

Yep. WF is going to the crapper and O’care is a raging success.

Some people….

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Comment by Hi-Z
2016-10-21 08:00:20

And yet here we are in 2016, and Obamacare IS damned.

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Comment by jerzdebil
2016-10-20 09:34:18

Would love to spend 2 million on a condo where I get to share a building with affordable rentals, aka subsidized housing mandated by state party elites to buy votes from illegal aliens who likely will clean the toilets in the building - if they actually work and arent living completely on welfare.

Truth is most of the condos will probably just be places for mexican drug dealers to park/wash their money, just like all those yachts at seaport village and coronado. Absolutely insane how downtown San Diego has changed in the last 25 years. The wonder and grittiness along with the middle class businesses and people have been replaced by the sterile homogeneity of a corporatocracy populated by fake-it-til-you-make-it fleshbots.

 
 
Comment by dandroidz
2016-10-20 08:11:37

LOL @ CNN Money just now reporting Asian money fleeing into Seattle. Ha. They blame the tax/cool-down in Vancouver to all of the sudden driving up prices in the PNW city…
Seattle Market Rising

Friend lives out there and just bought a house in 2015 (overpaid of course) and was telling me about their experience dealing with bidding wars and quick offers/sales.

 
Comment by dandroidz
2016-10-20 08:30:30

Guys, its all A-OK. Realtor groups are touting Sept home sales strength, and mortgage apps at a 4 month high. Sale prices have risen 5.6% from this time last yr…..

First Time Home Buyers Driving Market??

55 straight months of price gains, yet years of stagnant wage growth and job losses? I’m confused. Where are the fundamentals…its all good in the hood…

 
Comment by phony scandals
2016-10-20 09:03:01

I thought this sounded like ‘97% Of Climate Scientists Agree’

No, Hillary, 17 U.S. Intelligence Agencies Did Not Say Russia Hacked Dem E-mails 

By Fred Fleitz
Oct 20, 2016, 9:04 am

Hillary Clinton in tonight’s presidential debate tried to avoid talking about the substance of the damaging WikiLeaks disclosures of DNC and Clinton campaign officials by claiming 17 U.S. intelligence agencies determined that Russia was responsible for this. After Clinton made this claim, she…

Continue reading No, Hillary, 17 U.S. Intelligence Agencies Did Not Say Russia Hacked Dem E-mails at National Review

http://politomix.com/national-review/982138/no-hillary-17-us-intelligence-agencies-did-not-say-russia-hacked-dem-e-mails/

‘97% Of Climate Scientists Agree’ Is 100% Wrong

http://www.forbes.com/sites/alexepstein/2015/01/06/97-of-climate-scientists-agree-is-100-wrong/

Comment by Rigged
2016-10-20 09:15:24

#rigged

 
Comment by Blue Skye
2016-10-20 09:15:57

All Scientists are skeptics. Consensus is a political construct, not a scientific one.

 
Comment by palmetto
2016-10-20 09:25:58

The MSM is completely losing its schitt. I was flipping the channels yesterday evening looking for my favorite local weatherman and some young woman on the PBS News Hour was playing the O’Keefe video, so I stopped and gave it a look-see.

I kid you not, she started talking about how “we need to see the unedited footage”. Wut? When does the MSM and their local affiliates run their reports with unedited footage? Have you ever seen anyone run a bunch of unedited footage before they run the produced segment?

Me, neither.

Comment by oxide
2016-10-20 11:25:26

At least credit Lisa Desjardins at PBS for asking for unedited footage.

Comment by palmetto
2016-10-20 11:40:32

Why? I don’t follow her, does she air the unedited footage prior to the edited product whenever she does a segment? I suppose we could make this a new standard of some sort, but something tells me they’d lose audience faster than they are now.

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Comment by taxpayers
2016-10-20 11:48:00

im still getting over th1979 ice age
Time magazine

 
 
Comment by Palm Beach County
2016-10-20 09:17:01

Miami mainland, beaches suffer deep sales cuts in third quarter: Elliman reports
Jonathan Miller: Market is “resetting from a euphoric mini housing boom”
October 20, 2016 10:00AM
By Sean Stewart-Muniz

http://therealdeal.com/miami/2016/10/20/miami-mainland-beaches-suffer-deep-sales-cut-in-third-quarter-elliman-reports/

 
Comment by jerzdebil
2016-10-20 09:44:35

Heard on ((bloomberg)) radio the other day a commercial touting a REIT that offered ~9% annual returns, paid quarterly.

RE is so toast. Saw this back in 2007 when there was a GM bond advertisement in the pennysaver - yeah, the pennysaver! Something around 10% returns, going after the greedy grandmas.

 
Comment by palmetto
2016-10-20 09:51:07

Oh, gawd, John McCain weighs in. The guy’s campaign was such a train wreck you could almost make the case it was rigged to elect Obama from the get-go.

http://www.zerohedge.com/news/2016-10-20/john-mccain-issues-statement-integrity-us-election-system

Comment by scdave
2016-10-20 10:14:26

Wrong…The train wreck was the VP…And she has been MIA for many, many weeks now…Just like Christie…Christie has 20 & 13 year old daughters and a successful Investment Banker wife..I think he has been neutered..How else can you explain his lack of engagement..He does lead the transition team right..Where’s he been ??

Comment by Jesus Navas is my Lord Savior
2016-10-20 10:27:22

Christie is dealing with his own $hitstorm about bridgegate.

Was Paul Ryan to your liking then?

 
 
Comment by mcbain!
2016-10-20 15:37:09

Wheres the hbb’s favorite correct the record paid shill? Did he lose his job like all the others? Maybe he can use his degree in pygmy studies or whatever it was he studied at an “elite” university and find some other job that pays 10/hr, LMAO! Understandable why he backs the demoncrats, gets paid through their corrupt foundation practices and the only way he’s gonna get a raise from his slave masters is if they can raise the minimum wage. Sad, really.

I bet he probably used a bot to alert him when a post was made mentioning hiliary or trump. A reddit poster yesterday ran an experiment where he posted an image where the filename had trump in it, although the image had nothing to do with trump. Sure enough, the bots showed up to post what a meanie and failure trump is. We live in strange times.

 
 
Comment by Blue Skye
2016-10-20 10:55:15

“That one just closed escrow for $400,000,’ LaVoie says…a stream of out-of-area homebuyers flooding into the high desert, particularly Joshua Tree”

A poetically perfect destination for buying an overpriced shack.

 
Comment by palmetto
2016-10-20 11:03:01

You don’t have to pop off with a “Wrong”. I’m not wrong, I just have a different point of view than you. McCain ultimately made the decision on his running mate:

https://en.wikipedia.org/wiki/Arthur_B._Culvahouse,_Jr.

“McCain’s pick of Sarah Palin for vice president led to controversy over the vetting process.[5][6] In 2009, Culvahouse defended his vetting in a speech to the Republican National Lawyers Association: Palin “had a lot of capacity. The mistake I made — and we’ve laughed about it since — after giving [McCain] that advice, he said, ‘Well, what’s your bottom line?’ I said, ‘John. High risk, high reward.’ And his response, ‘You shouldn’t have told me that, I’ve been a risk-taker all of my life.’”[7]”

Not that Culvahouse impresses me much, he also did the vetting for Trump and I am not impressed with the Pence pick. Apparently, neither was Trump and wanted to change it at the last minute, but it was the deal he had to cut to get the Republican nom, apparently.

Comment by Blue Skye
2016-10-20 12:33:43

Sure, he cut a deal and then they stuck a knife in him.

Comment by palmetto
2016-10-20 13:38:04

Pence is RNC insurance. Trump has disagreed with him twice now in the debates. I’m surprised the Clinton media hasn’t picked up on it.

It’s been said that Paul Ryan already has the impeachment drawn up.

Comment by Jesus Navas is my Lord Savior
2016-10-20 15:19:36

Polls will tighten up as we approach November.

Either they will drop a tape of Trump saying nasty things about Blacks or Hispanics. If such a tape doesn’t exist, Pence will pull the November surprise.

#navasdamus

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Comment by palmetto
2016-10-20 17:00:12

Both parties are through, as we know them. As I’ve said before, it’s impossible to underestimate the damage that’s been done to Clinton and her associates, as a result of Wikileaks and the O’Keefe video. Total demoralization, actually. Trump twisted the knife last night when he quoted John Podesta as saying Hillary has bad instincts.

As to Pence, if Trump wins officially, Pence will be gone sometime between November 8 and Inauguration Day. The Ryan putsch negated that deal big time. They did not keep up their end of the bargain.

 
 
 
 
 
Comment by PoohEmoji
2016-10-20 12:53:18

Lies, lies, and more lies.

https://www.bisnow.com/construction-development

“New-home construction unexpectedly dropped in September and multifamily led the way in the decline, yet a growth in permits shows single-family housing is on the way up.

Residential starts fell 9% to a 1.05 million annualized rate, according to a Commerce Department report. That’s the lowest level since March 2015, yet at the same time permit issuance increased 6.3%, Bloomberg reports.

The fact permits are growing at the same time multifamily starts are falling is a signal that Millennials are finally beginning to move out of apartments and into single-family homes, says First American Financial chief economist Mark Fleming. And while the fall in multifamily, the largest driver of growth in recent years, may be bad news for the short term, the jump in permits suggests future construction is set to increase.”

 
Comment by Rigged
2016-10-20 13:41:53

BO in Miami pimping Hillary. There has been no greater con-man in moderns times than Obama.

#obamaconman

Comment by Jesus Navas is my Lord Savior
2016-10-20 14:57:41

No man in history talked so much “chains” and did everything to keep the status-quo intact.

Comment by Raymond K Hessel
2016-10-20 15:09:38

You had to be a special kind of stupid to believe a candidate backed by George Soros and Goldman Sachs was going to bring “Change we can believe in.”

 
 
Comment by mcbain!
2016-10-20 15:43:46

How about voters on both sides writing in Assange for president? Transparency for government, privacy for citizens is a pretty powerful slogan and its the medicine this country needs (and is getting) now.

Comment by Raymond K Hessel
2016-10-20 16:41:17

You seem to be overlooking the fact that 95% of the ‘Murican electorate are deeply and profoundly stupid.

Comment by Blue Skye
2016-10-20 20:07:10

Only half are below average intelligence. The rest are misinformed.

(Comments wont nest below this level)
 
 
 
 
Comment by Raymond K Hessel
2016-10-20 15:01:30

In Europe, at least, the sheeple are finally becoming awake and aware, much to the horror of the globalists.

http://www.bloomberg.com/news/articles/2016-10-20/nationalists-and-populists-poised-to-dominate-european-balloting

 
Comment by Raymond K Hessel
 
Comment by Jesus Navas is my Lord Savior
2016-10-20 15:14:45

How much do I have to pay Clinton Foundation to get my country, Navaland off of “terror watch” list?

 
Comment by phony scandals
2016-10-20 15:55:26

Dear Mainstream Media

Paul Joseph Watson

https://www.youtube.com/watch?v=GpLAzAZXi2A

Comment by Raymond K Hessel
2016-10-20 16:22:07

That was awesome. Thanks for posting, PS.

 
Comment by Blue Skye
2016-10-20 20:05:51

I don’t know the guy in the video, but he pretty much sums up what I’ve been thinking.

 
 
Comment by azdude
2016-10-20 16:29:29

getting you to overpay is their goal.

 
Comment by Raymond K Hessel
2016-10-20 16:34:34

What Hillary is really like. Any country that elects this criminal sociopath to the highest office in the land deserves everything it is going to reap in consequence.

http://www.shtfplan.com/conspiracy-fact-and-theory/she-compromised-way-more-than-just-emails-security-agent-tells-what-hillary-is-really-like_10202016

Comment by palmetto
2016-10-20 17:11:34

“The country” is not going to elect Hillary. If she gets into office, it will be by fraudulent “selection”, not election. You can’t blame “stupid ‘muricans” for this one.

 
 
Comment by Raymond K Hessel
2016-10-20 17:06:55

Neocons are salivating at the prospect of arch-warmonger Hillary Clinton adding to her long list of foreign policy disasters.

http://libertyblitzkrieg.com/2016/10/20/u-s-foreign-policy-elite-eagerly-await-an-expansion-of-overseas-wars-under-hillary-clinton/

 
Comment by Raymond K Hessel
 
Comment by Professor Bear
2016-10-20 21:13:09

“In the past five years, home values have soared seventy one percent in Denver, sixty six percent in San Francisco and fifty four percent in Austin, Zillow data show. Nationwide, the gain was twenty two percent. Western cities — especially San Francisco, San Diego, Los Angeles and others like Austin, Texas — which led America out of the Great Recession with a job boom mainly in technology are showing signs of cool off.”

Is the Echo Bubble worse than the first wave of price runup by now?

Comment by rms
2016-10-21 07:47:34

No mention of rising incomes?

 
 
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