We Are Having A Major Correction
A report from the Journal News in New York. “Developers who are currently building thousands of new luxury apartments in Westchester say they remain confident that their units will be quickly leased once completed, even if the rental market to the south in New York City is showing signs of cooling down. ‘We are not concerned about overbuilding,’ said Arthur Collins, president of Collins Enterprises. His firm is currently developing its third luxury rental building, to be known as Hudson Park River Club, on Yonkers’ waterfront. ‘Basically, there’s a shortage of housing in New York City. So our theory is it will take an awful lot to actually build out (here) to meet what the market demands.’”
“More than three-dozen rental projects — totaling nearly 7,000 units — are currently being built or proposed in Westchester. Rents soared in major cities across the country in recent years, including New York City, making Westchester more attractive as a less-costly alternative. But a glut of rental buildings in New York City now appears to be causing some market slowdown there.”
WTOP in Virginia. “Monthly numbers on residential real estate sales can be volatile, and median prices based on just a few hundred sales aren’t necessarily indicative of the market, but year-over-year prices have declined for two consecutive months in Arlington County and were relatively flat earlier this summer. Arlington County remains the most expensive county for housing in Northern Virginia, but Long & Foster Real Estate Inc. says the median price of a house or condo that sold in Arlington County in September was $515,000, down 10 percent from a year ago.”
‘The median price was based on 219 sales. By that metric, the number of sales in Arlington County was also 15 percent lower than last year. The 196 sales in Alexandria City last month yielded a median price of $447,500, down 2 percent from September 2015. Sales had fallen 12 percent. ‘Conservative appraisals and buyers have kept things tempered,’ said Gary Lange, managing broker at Weichert Reality in Vienna.”
The Naples Daily News in Florida. “Single-family homes in the Naples area had the slowest price growth in the state in September, a new report on existing homes says. Bonita Springs broker real estate agent Michael Burke said Collier County buyers are often out-of-towners looking for second homes, while those buying in Lee County tend to be workers looking for something affordable and practical. ‘The ‘need to buy’ market is increasing, but the ‘want to buy’ market is slacking off,’ he said.”
“Statewide, overall inventory levels and days on the market continued to creep up, while the number of cash buyers declined, Florida Realtors said. A similar trend held true for Southwest Florida. Naples appraiser Cindy Carroll said that’s good news for buyers, who can expect more selection and less competition from investors and others. And it’s also a sign that sellers need to take a hard look at their direct competition in the market when pricing their properties. But she added: ‘We should not interpret these statistics as negative. We’re exactly where we’re supposed to be in the cycle at this time.’”
The Atlanta Journal-Constitution in Georgia. “Atlanta’s price hike beat the 5.1 percent average increase for the top 20 metropolitan areas, according to the S&P/Case-Shiller House Price Index, a calculation based on a three-month average. Of course, averages can be misleading and the gains in Atlanta have been uneven. There are neighborhoods that have barely come back from the crash that followed the burst he housing bubble and the vicious recession. Some larger areas too remain burdened, especially on the south side of metro Atlanta: About 58 percent of Clayton County’s homes are underwater, according to Zillow.”
“Experts said the market had split – with a scarcity of sale listings among modestly priced homes and a surplus of homes for sale at the top end of the market. So average prices are up solidly from a year ago, the pace of that rise was already slowing and in many parts of metro Atlanta there has been a turn south. said Nancy Keenan, a Realtor with Keller Williams who handles mostly listings on the north side of town. ‘I would say that 90 percent of the homes on the market have had some price reduction,’ she said.”
“While first-time homebuyers have worried about rising prices among starter homes, the recent change has hit harder at the high end, she said. ‘For a couple months, we have seen very few sales at the higher prices,’ Keenan said. ‘A couple months ago, there were falling sales over $800,000. Now that is happening at $600,000 and above.’”
“The shift will have a larger impact in coming month – and the impact could be disappointing to sellers, she said. The ‘comps’ that are used to appraise the next round of homes for sale will be the sales this fall of these lower-priced houses. That will make it tougher for next year’s sellers to raise prices significantly – or at all. ‘We are having a major correction and it is going to hurt people come spring,’ she said.”
From Silicon Beat in California. “The message is becoming increasingly clear: Rents indeed are falling around the Bay Area. New data from the Axiometrics research firm show rents dropping in San Jose, San Francisco and Oakland. The Oakland piece is a new twist; according to other surveys, Oakland rents have remained on the rise, though at a far slower rate than over the past year or two.”
“Here’s what Axiometrics has to say about average rents falling into ‘negative-rent-growth territory’: In September 2016, San Jose rents fell year over year by 3.4 percent from $2,814 in September 2015 to $2,718. During the same time period, San Francisco rents fell year over year by 3.3 percent from $3,336 to $3,226. And Oakland rents fell year over year by 0.6 percent from $2,392 to $2,378. The Axiometrics study follows one by Abodo, the apartment search website. It showed rents dropping 7 percent between September and October in San Jose (from $2,455 to $2,293) for a one-bedroom apartment, and falling 6 percent in San Francisco (from $3,698 to $3,483). However, it showed rents still climbing in Oakland — by 5 percent, from $2,256 to $2,358 for a one-bedroom.”
“One last thought: Even though the runaway market is finally starting to cool off, most middle class folks still struggle to afford an apartment here.”
The headline on the last link: “Bay Area rents are falling, falling, falling”
Check out the graph at the bottom.
That graph looks about right. I live south of the Bay Area and Rents here went up around 10% per year for the last four years.
It’s in a swan dive since early 2015.
And homebuilders stock index looks like it peaked middle of last year. Reits have yet to confirm, but I think they typically lag anyway.
Awesome. I love watching swan dives.
“In September 2016, San Jose rents fell year over year by 3.4 percent from $2,814 in September 2015 to $2,718. During the same time period, San Francisco rents fell year over year by 3.3 percent from $3,336 to $3,226. And Oakland rents fell year over year by 0.6 percent from $2,392 to $2,378.”
Gawd… every fugg’n month.
Insane.
Did somebody say CRATER?
http://www.bizjournals.com/denver/news/2016/10/25/home-resale-price-gains-cool-in-metro-denver.html
http://finance.yahoo.com/news/look-under-armour-earnings-144015636.html
I was looking at the comment to this:
Jeff
yesterday
UA at under $38 is a bargain before the ER tomorrow morning. The ER, and future forecast will be good, so I am looking to a good bump in the stock price. My best guess is $41-$43 a share.
Let’s see Jeff:
https://finance.yahoo.com/quote/UA?p=UA
Under Armour, Inc. (UA)
Add to watchlist
NYSE - NYSE Real Time Price. Currency in USD
32.88-5.02 (-13.25%)
What’s you next pick Jeff? Grilled Cheese Trucks?
they need to buyback more stock! LMFAO
Every additional penny thrown into this black hole is sucked out of the real economy:
http://mobile.nytimes.com/2016/10/25/us/some-health-plan-costs-to-increase-by-an-average-of-25-percent-us-says.html
As I have predicted in the past, our system will soon reach a point where only a small minority will be able to afford insurance and eventually the whole shebang will collapse and come crashing down. I will say, it does seem to be happening a lot faster than I originally anticipated.
As to what will replace it, I do not know. Will the healthcare system be nationalized? Will all regulations be removed and prices fall? Will quality healthcare be something reserved for the the top 5-10% and will everyone else do without?
“Will the healthcare system be nationalized? Will all regulations be removed and prices fall? Will quality healthcare be something reserved for the the top 5-10% and will everyone else do without?”
Could be any of the above. However, in order to “nationalize” something, you’ve got to have a nation. Right now, we don’t have a nation. Just a lawless, corrupt, fraudulent taxing authority.
True, and this isnt being reported but out of the wikileaks came the revelation that the only actual charitable part of the clinton crime foundation is the health access initiative, which got donations of drugs from companies to distribute in africa in exchange for using their influence to keep prices artificially high in the US and Europe by barring generics from India.
Denniger had an article this morning about the corruption in healthcare that echos this, e.g., an mri in japan costs $100, while the same mri costs $1000-1500 in the US. These jackals will never create a system that is free and fair, we exist only as their prey in their minds.
Before gov got in hc no one botched now it takes 3x as many hours to pay for hc vs the 1950s
Forward
To be fair, medicine was still quite primitive in the 1950’s
To be fair, it is still quite primitive now, in a more complex way.
Attorneys! Fear of them destroyed health care.
To be fair, it is still quite primitive now, in a more complex way.
Wholeheartedly agree. And we pay through the nose for it.
A very sober article I read recently had a line that really stuck with me: “Doctors are not scientists.”
A lot of the medical care we receive is not based on science, and, what’s more, it is rare for a scientific study to show large treatment effects for any sort of medical treatment. In fact, it is actually considered a mark of something wrong, something that needs to be looked at again, if a study does show large treatment effects.
Think about that.
“Will the healthcare system be nationalized?”
We’re almost there already because healthcare is the “third-rail” of politics.
“Statewide, overall inventory levels and days on the market continued to creep up, while the number of cash buyers declined, Florida Realtors said. A similar trend held true for Southwest Florida. Naples appraiser Cindy Carroll said that’s good news for buyers, who can expect more selection and less competition from investors and others. And it’s also a sign that sellers need to take a hard look at their direct competition in the market when pricing their properties. But she added: ‘We should not interpret these statistics as negative. We’re exactly where we’re supposed to be in the cycle at this time.’”
Ha-ha, Naples was sort of the canary in the coal mine for bubble-bust 1.0, as I recall. Prices were going TO. THE. MOON., ALICE! Until they didn’t. And then it turned into a cooking show, with carpetbagging California eCONomist Sean Snaith talking about souffles.
What a joke it all is.
Thousands of units coming on line in Downtown LA up against thousands and thousands more that have gone up over the past few years.
Took this Sunday: http://picpaste.com/downtownla-skyline-vn47NYnW.jpg
Also counted 5 brand new mid-rise $3000/mo apartment buildings along Central Ave near where I work in Glendale that have been under construction over the past few years and now are open. Glendale used to be a mostly SFR and walk-up/dingbat apartment town.
Around where I live in West Hollywood, hundreds of units going up on Sunset Blvd with commercial below while tons of commercial store fronts already are empty. On the fringes of West Hollywood and in to Hollywood two more $3000/mo apartments.
I laugh when they say there’s demand. Oh there’s demand alright, just not at the price you’re asking.
‘Developers who are currently building thousands of new luxury apartments in Westchester say they remain confident that their units will be quickly leased once completed, even if the rental market to the south in New York City is showing signs of cooling down. ‘We are not concerned about overbuilding’…‘Basically, there’s a shortage of housing in New York City. So our theory is it will take an awful lot to actually build out (here) to meet what the market demands.’
These things are $2,500 to $5,000 a month.
And here’s the thing…
My friends and I who actually do pretty well - single, no kids, 30s with $70k+ jobs would love to move in to one of these new buildings but look at each other in puzzlement as to who can afford this?
Our favorite was one building promoting “work-live” lofts for “freelancers”
What freelancer has $3500+ a month for rent?!!?!
The “work-live” space for the freelancers I know ends up being the square dining table in a small 1 bedroom 1960s era walk up or courtyard apartment.
I want to see what HRC will do in her first 100 days. And let’s see the congressional response to term limits.
“I want to see what HRC will do in her first 100 days” in prison.
There, fixt it for ya.
Hey you back. How’s DNC in Philly?
HRC will do whatever her oligarch donors tell her to do. Same as it ever was.
“we need to return value to the shareholders rather than invest in the business.”
I give it 6 months. By that time housing will be in a full swing downturn. Sales Volume, price, construction.
Looks like it’s already happening. No need to wait.
I guess I mean significant enough that everybody recognizes it.
There’s a problem though. Around late 2005 I found an article in an obscure Miami paper/website about a condo conversion reverting to apartments. This was a big deal at the time as it was thought the prices would never go down or a bubble would pop. Within a couple of days this condo “reversion” as it would be called was generating big headlines (IIRC, it was the New York Times). Then there were more and it started getting a lot of attention. Condo towers began to halt construction which got even more press.
We’ve already had several towers halted in Miami in the past two or three months. No NYT headlines, just little mentions in the Miami Herald. There are Manhattan towers in foreclosure because they can’t get refinanced. Some sellers there are losing millions on stuff they just bought.
The difference then and now is plenty of people were talking about the possibility of a bubble. Now, not so much. See, the PTB have convinced everyone the decline before was because of subprime loans, not the high prices. Even though the vast majority of foreclosures were prime loans. The only common characteristic in the defaults was when the loans were made, meaning at the peak of prices. IMO, the bubble is in the price. Take China; they don’t have subprime loans but few doubt they have a bubble.
‘For a couple months, we have seen very few sales at the higher prices,’ Keenan said. ‘A couple months ago, there were falling sales over $800,000. Now that is happening at $600,000 and above.’
Call me crazy, but I still think $600,000-800,000 is a lot of money. And the media is fast asleep.
Ben,
I just listened to an interview last night with a guy named Jeff Meyers. He is a housing analyst/consultant. One of the main reasons he was giving for housing not being in a bubble was that subprime loans Are not the reason for the current run up. I laughed. Like you said, many people who default did did not have subprime loans. I know many people strategically defaulted in 2010, etc simply because the value loss on the asset was so great that they never thought they would make it up again in their lifetime.
He also thinks millennial’s are going to save the housing market over the next four years. I laughed again. I love millennial’s but they don’t have enough money to save the real estate market.
In 2005-2007, higher and higher construction numbers (breaching 2MM housing units per year) was met with higher and higher single family home prices, and relatively high vacancies in rental properties.
Prices rising, combined with high levels of construction and high rental vacancy rates could only be explained by mania thinking and loose credit. There was no possibility of the high prices being due to a lack of supply.
This time around, we are building only approximately 1.2MM housing units per year, and high prices/rents are in conjunction with low vacancy rates and relatively little for-sale inventory. Where we are seeing evidence of prices falling, and rents declining, it is on the heels of significant local supply being added.
So far, this time around, the markets are acting as you would expect (increased supply leads to lower prices), where during 2005-2007, markets did not act in the same way (increased supply occurred in conjunction with higher and higher prices).
Seems like there are different factors at play as compared to 2005-2007.
‘Prices rising, combined with high levels of construction and high rental vacancy rates’
Two out of three and the third is getting there. You never mention demand. Prices have been rising at double digits for how long in California and demand went up. Should not happen.
‘there are different factors at play as compared to 2005-2007′
For one it’s 2016. Here’s another:
‘Some larger areas too remain burdened, especially on the south side of metro Atlanta: About 58 percent of Clayton County’s homes are underwater, according to Zillow.
Here’s an example of media inattention: the other day I casually looked at one lot in Palo Alto where the seller is already asking 600k less than what he paid a year ago. And it hasn’t sold. You’d think an environment like that might be getting a little more press.
A friend in Minneapolis has been trying to unload a condo he bought a couple of years ago as an “investment.” The market there has tanked in the past couple of months and he’s not getting any nibbles even though its prices under the comps.
‘Where we are seeing evidence of prices falling…it is on the heels of significant local supply being added’
Here’s an idea; lets reduce demand, just a bit. Say we pull the GSE ridiculously high loan cap guarantee for California to what the rest of the country gets.
Instant crater. So much for all that supply and demand biz.
Here’s an idea; lets reduce demand, just a bit. Say we pull the GSE ridiculously high loan cap guarantee for California to what the rest of the country gets
Pwn’d and you didn’t have to bring up the artificially record low mortgage.
It’s ARTIFICIAL DEMAND, get that to those thick heads.
“Seems like there are different factors at play as compared to 2005-2007.”
The big thing you’re missing is the mania. It is the overriding factor. House prices 9x gross income, let’s call it 10 to keep the long math simple. That’s on the order of 20x net income. Since it is financed, consider it 30 or 40x net income. If you have any living expenses, maintenance, taxes, you’re talking about more than a lifetime.
No sane person would sign up for this. The mortgages will never get paid.
Ben, do you mind posting the address of that PA lot? I could not seem to find it online.
How “arms-length” can a real estate transaction possibly be if both the (putative) buyer’s agent and seller’s agent both benefit from a higher sales price?
yep! And nothing ever changes. Realturds just get in the way as you cant trust them.
I think I know how this movies ends….
http://wolfstreet.com/2016/10/25/government-guaranteed-subprime-mortgages-low-or-no-down-payments-surge-shadow-banks-dominate/
“He said that old gray-haired white guys should be worried about who is going to pay for Social Security and Medicare.”
Paid for it my whole life Bill what did you do with the money?
Bill Clinton Destroys “Old White Gray-Haired” Americans, Says Immigrants Keep America Young
Justin Holcomb
Posted: Oct 21, 2016 5:00 PM
Bill Clinton acknowledged Friday during a campaign speech for his wife that there have been millions of Americans left behind as the the world advances on its ultra-progressive path. What he failed to do is mention any shift in pace or remorse for the harm that such liberal policies cause.
“We know that there are whole areas of America that have been left out and left behind,” Clinton acknowledged. “But so has coal country, and most of them are supporting [Hillary’s] opponent because they’ve been told that President Obama and those of us who think something has to be done about climate change are responsible for the loss of those jobs.”
Clinton said that anger does not solve the problems America faces. He also said that illegal immigrants are keeping America young.
“Even in our own lives, there are reasons to be angry. But answers work better. There are always reasons to be frustrated. But empowerment is the only answer… They’re against immigration reform when that’s the only thing that we got keeping us young right now. Our first-generation Americans.”
He said that old gray-haired white guys should be worried about who is going to pay for Social Security and Medicare.
http://townhall.com/tipsheet/justinholcomb/2016/10/21/bill-clinton-destroys-old-white-grayhaired-americans-says-immigrants-keep-america-young-n2235687
H O R S E F A C E
Those old gray-haired guys better not tell any young punks to get off their lawn.
http://www.theblaze.com/stories/2016/10/24/62-year-old-man-with-a-cane-tells-teens-to-get-off-his-lawn-watch-how-the-offended-youngsters-respond-to-him/
That’s not his lawn… that’s our lawn. ‘Merica
He didn’t build that!
“those of us who think something has to be done about climate change…”
Ahem. You could have sought to bring a sustainable model for our culture closer within reach. Instead you pushed for globalism, credit expansion, explosive growth in wasted useless projects while enriching yourself and your crony buddies. All this pulled conventional energy usage ahead by decades, and ya know, it is all wasted. All you have accomplished is to increase the tax burden and misery index for generations to come.
The networks keep losing viewers. Are the sheeple waking up and refusing to watch corporate propaganda and DNC talking points?
http://www.ew.com/article/2016/10/25/fall-tv-ratings
Not exactly. What is happening is much more scary: Every discernible segment of the population has their own separate media “channel” where everything is created and presented exactly the way they want it, and nobody ever disagrees with their views. Hyperpandering in overdrive.
Haha… true.
Not exactly. What is happening is much more scary: Every discernible segment of the population has their own separate media “channel” where everything is created and presented exactly the way they want it, and nobody ever disagrees with their views. Hyperpandering in overdrive.
You obviously never read comment sections. Or see the hate mail these folks with alternative media channels receive.
Do you even read the comments on this blog? Last time I checked it was called “The Housing Bubble Blog” but we have people on here every day denying there’s a housing bubble!!!!
One of them today even called us all a bunch of retards.
And these are the comments Ben allows to post and leaves up. I can’t imagine the stuff he hits the delete key on.
The Clinton News Network attacks Trump incessantly while providing fawning coverage to Crooked Hillary, then asks Trump to curb the hostility of his supporters towards the captured media. Sorry, Wolf Blitzer, not going to happen. The awake and aware are fed up with the lying media.
http://www.businessinsider.com/donald-trump-journalists-kellyanne-conway-2016-10
The public library is free to all users, paid for with your and my tax dollars.
And it is voluntary, to attend, patronize, participate, as is the voluntary choice to pay for propaganda promoting your own extinction, piped into your home, because you’re too lazy to seek out and find alternatives.
Stop giving these people your money.
Scripted reply: whine, ESPN. Whine, HBO, whine, trash you don’t need.
Get over it. And maybe read a f*ing book while you’re at it.
The slack-jawed dullards comprising 95% of the ‘Murican electorate will remain glued in a zombie-like trance to their TeeVees, placid as Hindu cows, while their country collapses around them. You are sadly casting pearls before swine, Goon.
Any thoughts on why the Republican Party has thrown their candidate under the bus? Are they perhaps in on the Democrat conspiracy?
Give it a rest, Triggley-Prof. You know full well the sleazy, co-opted Establishment GOP, which has long since sold out to its oligarch donors, trotted out one Wall Street stooge after another during the primaries, only for these exemplars of the corrupt status quo to go down in flames thanks to Trump supporters who have had quite enough of the same-old, same-old. The sellouts of the Establishment GOP will never stop trying to undermine Trump, and they don’t have to be “in on” the Democrat conspiracy since both the Establishment GOP and their Democrat opposite numbers want exactly the same thing: whatever their globalist-oligarch puppetmasters pay them to want. So please stop with the disingenuous “questions” that we all know the answer to.
It’s not a conversation. He’s trolling.
Whatever you say, Raymond Hessian.
There you go again!
Comment by Professor Bear
2016-10-16 19:33:22
Name calling is standard operating procedure for people with empty skulls.
Here is a back story which helps to explain the self-destructive preoccupation with sex and gender issues that has driven Trump’s swan dive in the polls over the last few weeks. Some people may now wonder whether Trump is actually Canadian.
Trump’s Family Fortune Originated in a Canadian Gold-Rush Brothel
Michael Prochazka of Parks Canada, holds a photograph of Front Street in Bennett, British Columbia from 1899. The town is where Donald Trump’s grandfather, Friedrich Trump, opened the Arctic Hotel.
Donald Trump’s grandfather Friedrich Trump ran a restaurant, bar, and brothel in British Columbia.
By Natalie Obiko Pearson | October 26, 2016
Photographs by Ben Nelms/Bloomberg
…
Some unsavory characters have been involved in Chinese real estate speculation in Canada.
http://www.businessinsider.com/chinese-billionaires-gangsters-and-spies-on-canadian-real-estate-2016-10
Conservative rural folk vs. the dependency wards of our corrupt Democrat-maladministered urban centers: the battle lines are being drawn.
http://www.zerohedge.com/news/2016-10-25/how-half-america-lost-its-fking-mind
Farmers love their freebies.
Was never a fan of Newt Gingrich, but man did he just school Fox News harpy and Hillary apologist Megyn Kelly.
https://www.youtube.com/watch?v=Y-Uhd8Jg8P4&app=desktop
You have a twisted, apologetic interpretation of all news stories concerning Trump.
…
In an interview with Newt Gingrich, Fox News’ Megyn Kelly suggested that Donald Trump might be a “sexual predator.” She based this on things he’s said (“We saw on that tape Trump himself saying he likes to grab women by the genitals and kiss them against their will”) and the many women who have came forward alleging Trump has sexually assaulted them.
Gingrich, one of Trump’s most prominent supporters, become livid.
“You are fascinated with sex and you don’t care about public policy,” Gingrich, who has been married three times, told Kelly.
“I’m not fascinated by sex,” Kelly replied, “but I am fascinated by the protection of women and what we are getting in the oval office.”
…
She seems to have no problem with having a sexual predator and his protector in the white house. You left that part out because it doesn’t fit your narrative.
Who bit my Apple stock?
‘We are having a major correction and it is going to hurt people come spring,’
Wouldn’t it be tremendously helpful to buyers if home prices dropped from their current mania price levels?
“Those who cast the votes decide nothing. Those who count the votes decide everything.” — Joseph Stalin
http://www.zerohedge.com/news/2016-10-25/soros-admits-landslide-popular-vote-victory-trump-president-clinton-done-deal
No means no, except when cultural enrichment by one of Frau Merkel’s invited guests is at issue.
http://www.express.co.uk/news/world/723868/Migrant-jailed-Austria-attack-boy-10-sexual-emergency-has-conviction-OVERTURNED
Billie Holiday Sings 1957
https://www.youtube.com/watch?v=PvZOUV85ChQ
“…Love will make you do things you know are wrong…”
A reader just sent this to me. DR Horton’s Red Tag Event from the Inland Empire. I don’t know if you’ll be able to open the PDF:
https://drive.google.com/file/d/0B0L1SEqE618ALU9ISDJZUGM4NVE/view
Speaks to the “shortage” of housing. Red Tag is what we do to unload Dogs. They will have to search for a clearing price.
Very scary prices from D.R. Horton just in time for Halloween.
Recent sale on a downtown San Diego condo: https://www.redfin.com/CA/San-Diego/700-West-E-St-92101/unit-4202/home/12159455
Seller lost $500,000+! LOL. 😄
Ouch!
where is the evidence of the loss? I’m not seeing it on that link. When was the house last sold and how much did he pay?
a redfin estimate dont mean sh@t.
I’m not seeing it on that link.
You didn’t look very hard; Redfin shows the sales history on that page:
Last sold: $1,891,500 on Mar 3, 2008
Relisted 7 times in 2014/15/16
Went pending a couple of times along the way without closing
Sold: $1,420,000 on Oct 2, 2016
Ouch, that’s gonna leave a mark!!
How is America’s love affair with demagoguery shaping up as Election Day nears?
What does this have to do with the housing bubble, hypocrite?
Silly Venezuelans. You voted for socialists who promised you all kinds of freebies someone else would pay for (sound familiar?). You got a criminal collectivist kleptocracy, and now, surprise surprise, they have no intention of being voted out of power. You reap what you vote, morons.
http://www.zerohedge.com/news/2016-10-25/we-are-battling-satan-venezuelas-desperate-opposition-tries-sue-maduro-creating-dict
What a sh*t show.
https://www.washingtonpost.com/politics/her-instincts-can-be-terrible-wikileaks-reveals-fears-and-frustrations-inside-clinton-world/2016/10/25/a6ceefdc-9ae0-11e6-a0ed-ab0774c1eaa5_story.html
Weaponized immigration: the Comrades of Proven Worth (D) are frantically bringing in more Democrat-on-Arrival lifetime entitlement voters to build their Permanent Democrat Supermajority. Forward!
http://www.bloomberg.com/politics/articles/2016-10-25/florida-puerto-rican-immigrants-clinton
Technically Puerto Ricans aren’t immigrants because they are US citizens.
Thank you, central bankers, for making housing completely unaffordable for young people.
http://www.telegraph.co.uk/property/news/no-access-to-the-bank-of-mum-and-dad-then-save-for-121-years-for/
Bot’ums-up… subjects.
What happens if the DNC is unable to mobilize enough illegal immigrants, dead people, future cat ladies, and social parasites to elect Crooked Hillary? The rage from the Establishment and its minions like Sweet William and Triggly-Prof would be epic.
http://www.independent.co.uk/news/world/americas/donald-trump-will-he-win-us-presidential-election-2016-hillary-clinton-a7380621.html
“we need to have a higher dividend to attract buyers for our stock and thus the CEO gets paid via options.”
How car registration works
https://steemit.com/police/@larkenrose/wanted-road-pirate
Retired people spending their savings instead of earned interest on their savings over the last 10 years has helped who?
Interest Rates on Savings Accounts since 1960
http://www.swanlowpark.co.uk/savingsinterestannual.jsp
Remember this sweet one:
You don’t hear Triggly-Prof saying anything about the MSM being bought by the Democrats and how they’re letting Hillary get away with bald-faced lies. Could it be because he’s a partisan hack? Or maybe because they don’t have to buy it - it’s part of the same corrupt machine? I feel it’s impossible that he’s a partisan hack because we know how often he’s told us how objective and unbiased he is, etc.
On the other hand I have so many bon mots pointing out the hypocrisy of this guy I don’t even know where to begin. I know his brain cannot be made to understand how illogical he is or how much of a hypocrite he is but maybe other people can be reached. With all of the wikileaks stuff coming out and the response (or lack thereof) I see to them from Libtards it becomes more and more clear: they’re all mentally ill and missing some sort of critical thinking skill or perhaps they’re just evil and believe ‘the ends justifies the means’ and that unethical, illegal actions are okay because they’re doing what’s best for everybody, especially the deplorables, the baskets of losers and the irredeemables. I guess soon they’ll be calling us the expendables?
With all of the wikileaks stuff coming out and the response (or lack thereof) ‘the ends justifies the means’ With all of the wikileaks stuff coming out and the response (or lack thereof) ‘the ends justifies the means’ With all of the wikileaks stuff coming out and the response (or lack thereof) ‘the ends justifies the means’ With all of the wikileaks stuff coming out and the response (or lack thereof) ‘the ends justifies the means’ With all of the wikileaks stuff coming out and the response (or lack thereof) ‘the ends justifies the means’