They Want To Get Their Money Back
A report from WLOS in North Carolina. “With Asheville’s lack of affordable housing preventing many from buying a home, renting becomes the next best option. But Asheville’s rental vacancy rate isn’t any better than its housing stock numbers. Both are close to zero. That’s allowed landlords to inflate rents even on older properties. 81-year-old retiree and widow Mildred Hooker looked around for a more affordable apartment when her complex upgraded her older, modest unit, and upped her $900 rent more than $300. She relayed the conversation she had with the apartment manager. ‘And I said, ‘Well that’s not right.’ She said, ‘Well, it is too. We have to get our money back,’ explained Hooker.”
From Senior Housing News. “As competition heats up within the senior housing industry, some companies are doing their best to cool down one common practice—discounting their prices. Discounting rents or offering similar financial incentives has become commonplace to persuade prospective residents into moving into a senior living community. ‘When we let price creep into the conversation, it takes away the value of everything else,’ explained William Nowell, founder of Peak Performance MS, a provider of mystery shopping, marketing improvement and sales performance improvement programs. ‘It dominates the conversation. When we focus on feelings, we’re hitting at the heart and soul of what someone wants. …We want to do our best to have price not come up or be a part of the sales conversation early. Customers that buy our product for the wrong reasons tend to be harder to satisfy and more dissatisfied as time goes on.’”
“Not only can discounting actually be a turn off to prospective residents by signaling the product isn’t worth its value, but the pricing differences can also have a significant impact on a provider’s bottom line.”
The Wall Street Journal on New York. “Sherri Shang found renters willing to pay $13,000 a month for a one-bedroom apartment in One57, a luxury skyscraper in Midtown Manhattan. The Douglas Elliman broker did it twice actually. The third time was anything but a charm. Since the latest tenants moved out months ago, she hasn’t been able to find a renter for the Beijing couple who own the 40th-floor condominium with a Central Park view—even at a steep discount. Now, she can’t find a renter willing to pay $10,000 a month.”
“Developers are offering as many as three months of free rent. Individual investors have trouble competing, even after cutting thousands of dollars from asking rents. ‘The market has changed completely,’ Ms. Shang said. ‘I never expected three years later that even with a Central Park View, that it would be so hard to rent out now.’”
“Ms. Shang’s customers bought their apartment at One57 three years ago with a long-term plan to have their children use it when they go to college. Until then, they want to rent it out. The purchase price was $3.95 million, property records show. ‘They are unhappy,’ Ms. Shang said. ‘They have to pay the monthly common charges, they have taxes and expenses. They want to get their money back as much as they can.’”
The Denver Post in Colorado. “If three months in a row qualifies as a trend, then metro Denver rent increases are softening again. The issue is that so many of the new apartments are coming in a very concentrated area and marketed as ‘luxury’ units. Metro Denver should add 7,000 apartments this year with another 10,000 slated to become available in 2017. Of those, 4,000 are coming in just one sub-market, downtown Denver, said Stephanie McClesky, vice president of research at Dallas-based Axiometrics.”
“Currently, metro Denver landlords are trying to fill 5,400 apartments, and all that supply is forcing landlords of the newest buildings to cut some deals.”
The Puget Sound Business Journal in Washington. “The law of supply and demand appears to have caught up with the Puget Sound region’s red-hot apartment market. Average monthly rents in the Seattle-Bellevue-Everett area decreased slightly in October to $1,756, according to Axiometrics. It was the fourth straight month that apartment rents declined when compared to the previous month. The downward movement comes as thousands of apartments have been built in recent years, with thousands more planned. Even in Tacoma, where rents have been rising fast, lease rates are starting to level off.”
“‘The rent declines show how competitive property managers can get when an abundance of new supply comes to market,’ Jay Denton, senior vice president of analytics for Axiometrics, said in a statement. He added that new properties in the Seattle region are offering concessions, such as free rent, at the highest rate since early 2015, and asking rent at these new properties has decreased by an average of about $180 in the past couple of months.”
From NBC Bay Area in California. “A bright orange ‘Notice of Violation’ was tacked to the front of Sondra Halperin’s Alamo Square condo building this past May. The tenant who rented her condo was illegally offering short-term rentals on Airbnb — and the city busted him. ‘It was very surprising to me,’ Halperin said. ‘And it was scary.’”
“Scary because the city was fining Halperin $484 a day until her tenant took down all rental listings from short-term rental sites and canceled all future bookings. Halperin said getting the tenant to cooperate was not easy. And in the end, her total fine was about $22,000. The homeowner was upset that she had to pay for her tenant breaking the law. ‘I was unemployed at the time,’ Halperin said. ‘I couldn’t even focus on a job search, I was too consumed with this.’”
“Vo Duong’s tenant illegally hosted paying HomeAway guests staying in his Forest Knolls home. When the city caught on, Vo says he told his tenant to move out, but he wouldn’t. The tenant had thousands of reasons to stay. ‘He was making more money staying here, knowing that the fine wasn’t going to affect him,’ Duong said.”
“Here’s the math: Vo says his tenant was paying him $7,000 a month, but was making $18,000 to $20,000 a month on short-term rentals. Duong later learned this was business as usual for his tenant. ‘This person’s notorious for doing this,’ Duong said. ‘He has multiple rental locations.’”
“City officials confirmed that Duong is not the only victim of this tenant. The city calls him a serial tenant — someone who rents one or more properties just to cash in on the short-term rental craze. All over the city, NBC Bay Area found properties that Duong’s tenant had leased, then illegally rented out short-term. We tried to track down this serial tenant, using his name and apparent alias, but we didn’t find him.”
“And even though the city knows what this serial tenant is up to, it still fined Duong $12,000 for the illegal activity at his house. Moving forward, officials plan to turn over serial tenants to the city attorney’s office. Kevin Guy runs the San Francisco office of short-term rentals. Guy said his office will give landlords a break on fines, if landlords can prove they’re actively trying to get the tenant to stop the illegal renting. Guy couldn’t comment on specific cases, but Duong’s fines were not reduced - he owes the city $12,000. Halperin, however, got lucky. She asked a supervisor to help her out, and he did. The city reduced her fine from $22,000 to $1,000.”
’she hasn’t been able to find a renter for the Beijing couple who own the 40th-floor condominium with a Central Park view—even at a steep discount’
Have you tried stamping your little feet?
‘They are unhappy,’ Ms. Shang said. ‘They have to pay the monthly common charges, they have taxes and expenses. They want to get their money back as much as they can.’
Sounds like in a year or two DeBlasio will have a place to put the homeless.
The new homeless could drop their soiled diapers out the window a la Cabrini Green projects.
‘They are unhappy,’ Ms. Shang said. ‘They have to pay the monthly common charges, they have taxes and expenses. They want to get their money back as much as they can.’
Ah, schadenfreude—so sweet.
Thank you so much for speculating in our housing markets. Please come back soon!
That sucks for the landlords who’s tenants did this. I mean, I support people’s right to rent out their property and make a profit, and the repercussions that can come with that, but to fine them in the tens of thousands for these serial renter/airBNBers? I’m not too familiar with tenant-owner laws and responsibilities honestly. If this vapor tenant was running a meth lab would the owner be responsible to the city?
Airbnb will go away soon enough. And several billion Yellen bucks with it.
Do you really think so? Just about every young person I know uses it now, even for vacation rentals in Hawaii.
We used it for our vacation rental in Hawaii last month. Lots cheaper than the local hotels!
However, I assume the cost difference has much to do with occupancy laws which apply to hotels but not AirBnB. Where I see this going is the laws change to level the playing field between AirBnB and hotels. This will take away a slice of AirBnB’s profits, but the AirBnB business model will remain as an alternative to traditional hotel accommodations.
We used it for the first time when my wife traveled out of the country recently, to an expensive city. An excellent location, and much, much cheaper than a hotel. I have to concede that it worked out well.
I know several people who have had scary/ bizarre AirBnB stays and won’t use them anymore. The last time I was going to, it was cheaper to get two hotel rooms because of all of the fees. They don’t really add any value/ disruption to what we already had with VRBO.
Is AirBNB publically traded yet? Or is it the next tech unicorn worth $50 billion? Cant wait to see Snapchat’s IPO drop 50% after the first month.
will you short snapchat? let us know.
Shouldn’t this be prohibited by the rental contract?
Isn’t this basically sub-leasing and isn’t sub-leasing normally prohibited?
Possibly depending on the lease. However, California has very friendly tenant laws and takes at least 60 days to get one out. Many know this and play games to stay in as long as possible without paying.
Mom has California rental property. She has some movers that she hires to move her deadbeat tenants for free; they snap-up that deal. When the new property manager calls she gives glowing references, e.g., they always paid on time. Next.
deadbeat tenants
you forgot to mention the fact they dont pay rent for 6-12 mos before the eviction.
“you forgot to mention the fact they dont pay rent for 6-12 mos before the eviction.”
Once they’re past due 60-days mom will never see a another cent.
That depends on the county. In San Mateo County which covers some of the core of Silicon Valley renters in violation can be forced out in 30 days.
“‘Well, it is too. We have to get our money back,’ explained Hooker.”
How is sinking investment dollars into upgrading a rapidly-depreciating rathole apartment complex supposed to provide a net positive return?
‘The issue is that so many of the new apartments are coming in a very concentrated area and marketed as ‘luxury’ units. Metro Denver should add 7,000 apartments this year with another 10,000 slated to become available in 2017. Of those, 4,000 are coming in just one sub-market, downtown Denver…Currently, metro Denver landlords are trying to fill 5,400 apartments, and all that supply is forcing landlords of the newest buildings to cut some deals.’
‘The law of supply and demand appears to have caught up with the Puget Sound region’s red-hot apartment market. It was the fourth straight month that apartment rents declined when compared to the previous month. The downward movement comes as thousands of apartments have been built in recent years, with thousands more planned’
It’s great to finally see Uncle Sam’s Affordable Housing programs coming to fruition!
Are they having an epic oil bust in Puget Sound as well?
No, but the startup arena is not as hot as it used to be. There have been a smattering of layoffs here and there, over the past year. Read geekwire dot com to keep up on the Seattle tech scene.
‘When we let price creep into the conversation, it takes away the value of everything else,’ explained William Nowell, founder of Peak Performance MS, a provider of mystery shopping, marketing improvement and sales performance improvement programs. ‘It dominates the conversation. When we focus on feelings, we’re hitting at the heart and soul of what someone wants. …We want to do our best to have price not come up or be a part of the sales conversation early. Customers that buy our product for the wrong reasons tend to be harder to satisfy and more dissatisfied as time goes on.’
Gotta stick it to those old people.
‘81-year-old retiree and widow Mildred Hooker looked around for a more affordable apartment when her complex upgraded her older, modest unit, and upped her $900 rent more than $300. She relayed the conversation she had with the apartment manager. ‘And I said, ‘Well that’s not right.’ She said, ‘Well, it is too. We have to get our money back’
Heck of a job Mel Watt.
Ladies like this are the reason I bought a house.
Just read the article. This widow and her husband had owned a house, but didn’t want to upkeep the house. They decided to sell and rent. Still, they could have bought a condo…
If you manage to purchase your freedom from debt or rent in 20 years or so, wouldn’t it be prudent for you to sell and move to a less costly location when you retire?
Yes, Skye, it would. This is what I’m probably planning to do myself, but that’s a ways off. The problem with this widow is that Asheville has suddenly become “hip” and in demand, forcing out long-time locals like her. Also, the widow has a son nearby so she can’t uproot and totally move. It would have helped to use the proceeds from the house sale to buy a condo outright. Or buy a very small house and get a handyman on call.
>>Not only can discounting actually be a turn off to prospective residents by signaling the product isn’t worth its value,
Chuckle. The problem is that the “product” is not worth the PRICE. That is, the VALUE is lower than the list PRICE.
Price is what you pay, value is what you get (or not).
‘A dream vacation to New York turned into a nightmare for three tourists from Germany and Switzerland. The three women, who did not want to be named, used Airbnb to book what they thought would be the perfect apartment in Williamsburg, Brooklyn, CBS2’s Tracee Carrasco reported.’
“We didn’t expect a luxury apartment. We just expected a normal apartment, which looked clean, and nice and cozy,” one of the women said. “It was just a trash hole.”
‘To make matters worse, they weren’t the only ones staying there. “We thought we had a single apartment just for us, and we had this lady in there.”
‘The next day, they found out the truth about their rental, exposing a much bigger issue. The apartment at 541 Wythe Avenue is government subsidized housing for middle-income residents, which makes it illegal to list on websites like Airbnb.’
‘The Department of Housing Preservation and Development, which supervises these types of apartments, told CBS 2 “we prohibit subletting and will open an investigation into this allegation of misuse.”
‘But in a July 2015 memo, HPD acknowledged “there is a growing market in temporary apartment rentals.” Isaac Abraham, from the tenant’s association of Kent Village, said there’s no enforcement. “I’ve been in this building, and in many others, people walk in with carry-ons that I know don’t belong here,” he said.’
‘New York State Assembly member Linda Rosenthal leads the charge against illegal Airbnb rentals, and said this should have never happened. “An apartment like that should be rented out to someone who is a New York resident,” she said. “Airbnb needs to better police its websites.”
‘The company told CBS2 the specific renter has been a host for four years, and it will take action against similar complaints. However, the company made no mention of the apartment being an illegal listing.’
We don’t want airbnb regulated, we want a free market, let the people chose.
Here’s the thing: if you want to go to the trouble of getting your house zoned for commercial short-term rentals, go ahead. Chances are they will deny it. Because your neighbors have property rights too. I remember when this stuff started on craigslist years ago. In Sedona speculators were doing short-term rentals, driving the neighbors crazy and finally the city was forced to put their foot down. The only reason these companies have got so far with it is they have a bunch of cashed up lawyers. But they’ll run out of cash eventually.
Stayed in a nice Quality Inn in LIC Queens last week. Good size room that was close to the train, nice staff and great free breakfast. All of this was $89 a night minus the surprises of Air BNB.
I stayed in an AIRBNB in Austin, the bathroom sink was full of small river rocks ( how unique) then I covered them with toothpaste. Weeee… have fun being a housekeeper for $59.
‘Some of the world’s hottest shopping destinations, sometimes referred to as “high streets,” are losing elevation. Popular retail real estate locales, from New York City’s Fifth Avenue to Hong Kong’s Causeway Bay shopping districts, saw rents fall this year, according to a new report by real-estate services firm Cushman & Wakefield, as retailers have finally started to balk at high rents.’
‘Some of the most expensive high street retail locations have seen their rents drop this year. For the first time since the financial crisis, rent fell on Upper Fifth Avenue — the most expensive retail property in the world — from $3,500 per square foot in 2015 to $3,000 this year. Vacancy rates, meanwhile, jumped to 15.9 percent from 10 percent a year earlier.’
‘Sales and earnings at North American department stores and specialty retailers are declining — meaning retailers have to cut costs, even if that means lessening their presence in prime locations. These high-profile flagship stores function as brand advertisements and see substantial foot traffic, so they’re not going to disappear en masse. However, with shopping increasingly moving online and a strong dollar eating into foreign purchasing power, retailers will get a lot choosier about their top real estate.’
Check out the graphic for earnings per square foot.
It would be more telling if they hadn’t switched from 5th Ave to North America for the earnings.
Like Bush 2, Trump inherits a robust economy. I see a pattern.
Main Street is finally catching up to Wall Street.
After several years of dismal performance, a key indicator of small-business health has jumped to new highs. The Index of Main Street Entrepreneurship, calculated by the nonprofit Kauffman Foundation, recently hit the highest level since 1997, when the organization began taking measurements. The biggest improvement in 2016 was a rise in the new business survival rate, with nearly half of all new businesses making it to their fifth year.
All recessions start during booms.
You need to send an invoice to the white house because right now Trump is living in your skull rent free.
My head is a swamp, if only he would drain it as he said he would.
Try holding your head at a higher elevation. You might enjoy the sunshine.
“My head is a swamp, if only he would drain it as he said he would.”
new attitude
You had better get Trump out of your skull and get a hold of yourself, you are starting to remind me of Farmer Fran.
https://www.youtube.com/watch?v=n3wuSO59OdM
I guess that we don’t need to worry about a recession coming along any time soon.
I too am confused, the right on here say we are still in a recession and there are no jobs. Ben says boom.
Who is Trump going to hire to be POTUS? Trump dont work.
Romney and Trump to discuss secretary of state position, NBC source says
Romney was just dropping off some binders full of women.
Jesse Jackson pleading to Obama to pardon Hillary. What ever for? Did she commit crimes, perhaps?
Must be worried any investigation will nab him and his criminal dealings. He scored big in Haiti courtesy of the Clinton Crime Foundation. Think he had something shady going on in Vieques as well.
“Jesse Jackson pleading to Obama to pardon Hillary.”
Haha… the wall-eyed corporate shakedown artist.
It could that he thinks that Hillary can’t get a fair trial under a Trump-run Justice Department. Trump has already decided that she should be locked up.
Trump will never actually do that. It was meat thrown to the red states which played well on TV.
“‘When we let price creep into the conversation, it takes away the value of everything else,’ explained William Nowell, founder of Peak Performance MS, a provider of mystery shopping, marketing improvement and sales performance improvement programs. ‘It dominates the conversation. When we focus on feelings, we’re hitting at the heart and soul of what someone wants.”
________________________________/
If somebody can’t pay, it doesn’t matter what his or her feelings are. It looks like Baby Boomers in their declining years are going to be a gold rush. Or so some people think.
This senior sector is way overbuilt and the new stuff is all luxury. Student housing is headed the same way.
these senior care facilities are such a scam. 10,000.00 / month to take care of granny. Give me a break.
Well, you can try the free, state-run nursing homes — if you like watching your granny living in feces and urine.
Seriously — go visit one some day, if you haven’t ever been in one.
$10K/month is way too expensive for anyone except the rich, but you’d be glad to pay it, if you could.
A bullet to the brain is much better than living in one of those hell holes, and that is no joke.
In reply to new attitude.
Is your name DICK!
NBC news source says. By all means lets use nbc as our guide due to the factual reporting and integrity of there staff.
jeebus,
heh, Nixon gave his opponent George Romney, Mitt’s daddy, a post as head of HUD. Largely responsible for the POS that HUD is today. Which is said by some to have been done on purpose to get back at Nixon.
More supply coming.
http://www.mortgagenewsdaily.com/11172016_permits_and_starts.asp
Funny — the one comment on that article from a supposed mortgage banker indicates there is unhappiness by purchasers of brand-new homes because of shoddy construction.
They always shovel out the crap at the end.
Or, maybe all these large home builder companies like DR Horton have always been shoveling the crap down people’s throats, not necessarily at market tops. It seems like these companies are like the McDonald’s, KFC, etc. of home builders.
I guess that mortgage banker was right about his quality concerns. These are all recent news articles about the shoddy construction of new homes.
From ABC news — all over the country, people are schlonged:
http://abcnews.go.com/US/investigation-home-heartbreak/story?id=43563144
From the east coast:
http://www.firstcoastnews.com/news/local/consumer/on-your-side/new-home-nightmares-dr-horton-homeowners-speak-out/352987089
From San Antonio:
http://www.ksat.com/news/defenders/dream-homes-become-nightmares-for-new-homeowners-following-series-of-plumbing-leaks
DR Horton says they set aside 426 million dollars to deal with the lawsuits because of shoddy construction — and they say that it is ordinary course of business! Wow, what a great business.
I remember back in 2005-2006 everyone here was saying the same thing, all these new houses being built were all crap.
But afterwards, I don’t remember any big stories about people suing for defective construction.
Maybe everyone was so relieved to get their cramdowns and loan modifications that they didn’t pursue it…
I guess, when you’re seriously underwater on your mortgage, lose your job, etc.. hiring a lawyer to fight the home-builder is lower on the list of priorities.
Maybe everyone was so relieved to get their cramdowns
According to th.is article, not even 100,000 mortgages had principal reductions.
http://www.nakedcapitalism.com/2014/03/just-83000-homeowners-get-first-lien-principal-reductions-national-mortgage-settlement-90-percent-less-promised.html
So what happens in these “cramdowns” ? Where the principal is reduced.
Someone gets screwed on the reduced principals. The lenders. The evil bankers. Or rather, the people who fund those evil bankers which are you in your 401ks.
Screw it, it’s kind of like the riots — you can just raid the local grocery store and steal whatever you want, because of because.
that’s basically it.
If the principal is a lot higher than the value of the house, a cramdown can be better than foreclosure for a bank.
Nice article, worth reading just for the sad panda comments.
That article is dated March 2014. Is there updated data?
That 83,000 number is only “first-lien principal reductions.” There’s a lot more included in that “National Mortgage Settlement,” and there were other actions taken besides.
You know who didn’t get any relief? Me.
Interesting 20 minute video of Stephen Bannon. 2011. Really put the whole financial crisis into perspective. It’s an unsolvable problem in its current form.
https://www.youtube.com/watch?v=0BSrJv0IpHY
BTW, is this guy related to Jim Webb by any chance?
how do they get rich? INSIDER TRADING IS LEGAL FOR THEM!
Seattle was the last boom towns
Weston, CT Housing Prices Crater 11% YoY
http://www.zillow.com/weston-ct/home-values/
“a bag of groceries is 100 bucks.”
Corrupt Democratic Party machines and bosses have been maladministering Chicago for the past 90 years. Needless to say, the city is corrupt, horribly run, and insolvent. And the hapless taxpayers and homeowners who live there are going to be punished severely.
http://wolfstreet.com/2016/11/17/u-s-pension-crisis-how-families-bail-out-pension-funds-in-chicago/
“u peons have no alternative to using the greenback.”
Except for the weekly slaughter in the streets, I didn’t realize it has got that bad in Chicago.
“But this is what Chicago has to deal with. On November 9, S&P Global Ratings cut Chicago Public Schools (CPS) to deep junk”
Not just junk — “deep junk”.
“Last January, the district already delayed an $875-million bond sale “that became tainted by bankruptcy talk,” as Reuters put it at the time.”
It sounds like Chicago is going the way of Detroit or Somalia.
Why would anyone live in Chicago? You can get a hot dog in Twin Falls, ID too.
Obama ditched it, too.
You should look into the question a bit. Boeing moved its corporate headquarters to Chicago in 2001. They probably know something that you don’t.
2001 is 15 years ago, but in a sense.
Buy low, sell high.
Buy Detroit, Sell Chicago.
Boeing moved its corporate headquarters to Chicago in 2001. They probably know something that you don’t.
I’ll tell you _exactly_ what they know—they know that they were bribed, and bribed _well_, to move the HQ to Chicago.
‘You should look into the question a bit. Boeing moved its corporate headquarters to Chicago in 2001. They probably know something that you don’t.’
From that statement, it is clear you know nothing about Chicago or Illinois.
Actually, the opposite is true. I know at least one thing, as long as I’m not mistaken about Boeing.
I’ll tell you _exactly_ what they know—they know that they were bribed, and bribed _well_, to move the HQ to Chicago.
This is probably true, but there probably other cities offering bribes as well. Boeing could have called up Twin Falls, ID or some suburb of Knoxville or Atlanta asking them to offer bribes, but they didn’t.
Of course, Chicago touts its status as a “sanctuary city” for illegals/DNC lifetime entitlement voters.
http://www.independent.co.uk/news/world/americas/donald-trump-dissent-us-mayors-protect-deport-immigrants-new-york-los-angeles-san-francisco-chicago-a7422466.html
Sorry I know this is off-topic, but from the article you posted:
“The term “sanctuary cities” generally refers to those that do not cooperate with US Immigration and Customs enforcement – for example, by not notifying immigration officials if an illegal immigrant is about to be released from custody. Around 300 US jurisdictions are believed to currently have sanctuary status.”
So, if I understand this correctly.
1. I can move illegally to the USA.
2. While living there illegally, I can commit further crimes, say — shoplifting, or driving drunk, and even violent crimes.
3. When I am released from custody, they let me stay!
What a nice place!
This is why Trump won. The left doesn’t get it and probably never will. Who needs the rule of law… everyone is a special snowflake and deserves a trophy, even illegals.
And on *top* of all that — the excess violence, murders every weekend, the insolvent city… they can’t even sell bonds anymore..
Rahm gets up on TV the other day, doubles-down on his Sanctuary City thing and invites all the “undocumented citizens” of the world to migrate there.
It’s one thing to sit on the sidelines, read the news and speculate about the “end of the world”, but this Rahm guy seems to be *actively trying to make it happen*.
Some people want to burn it all down and start over. It seems that’s exactly what their intent is in Chicago.
Every Democrat-maladministered municipality is in a downward dystopian spiral. Every.single.one.
Merkel and Obama blame social media and the Internet for propagating truths counter to The Approved Narrative and disrupting their beloved globalism and fundamental transformation.
http://www.breitbart.com/2016-presidential-race/2016/11/17/obama-angela-merkel-blame-internet-social-media-disrupting-globalism/
Some days the apocalypse can’t get here soon enough to cull the herd of precious snowflakes and other life forms gone bad.
http://www.dailymail.co.uk/news/article-3942278/PIERS-MORGAN-Memo-millennials-awful-feeling-ve-got-called-losing-happens-want-know-win-stop-whinging-bit-learn-lessons-Trump.html
Despite what Paul Krugman and his fellow Keynesian fraudsters would have us believe, debt is not good. It is slavery.
http://www.zerohedge.com/news/2016-11-17/obama-pace-increase-debt-stunning-24-trillion-year
Yes, but I’m sure all the positive developments in the economy ARE because of the Fed’s actions, right?
As the saying goes, “Success has a thousand fathers, failure is an orphan.”
Yellen: I don’t know why business investment is so low, but it’s not our fault
CNBC
November 17, 2016
http://www.cnbc.com/2016/11/17/fed-chair-janet-yellen-not-our-fault-business-investment-is-so-low.html
Greenwood Village, CO Housing Prices Crater 12% YoY
http://www.zillow.com/greenwood-village-co/home-values/
Mexican Mayor Arrested After Hundreds Massacred and Cooked in Network of Ovens, Following Breitbart Report
by ILDEFONSO ORTIZ17 Nov 2016
Mexican authorities have arrested the former mayor of a rural community in the border state of Coahuila in connection with the kidnapping, murder and incineration of hundreds of victims through a network of ovens at the hands of the Los Zetas cartel. The arrest comes after Breitbart Texas exposed not only the horrors of the mass extermination, but also the cover-up and complicity of the Mexican government.
http://www.breitbart.com/texas/2016/11/17/mexican-mayor-arrested-hundreds-massacred-cooked-network-ovens-breitbart-expose/
I wonder if some day, the HBB will get banned from Google search results, and other places.
Without a doubt. The Comrades of Proven Worth are already assembling lists of “fake” newsites, i.e. independent media that fail to propagate The Narrative.
http://www.zerohedge.com/news/2016-11-16/zero-hedge-targeted-list-fake-news-sources
Horseman Capital: “A Sharp Spike In Yields Preceded Every Market Crisis In The Last 20 Years”
http://www.zerohedge.com/news/2016-11-17/horseman-capital-sharp-spike-yields-preceded-every-market-crisis-last-20-years
Yes, but you see, it’s different this time.
What is wrong with these people?
Mayor de Blasio aide slammed for Facebook photo of sister with ‘F—k Whiteness’ sign
http://www.nydailynews.com/news/politics/mayor-de-blasio-aide-ripped-racist-facebook-photo-article-1.2876568
Yellen is going to have a hard time punting on a rate hike in December with US Treasury rates surging.
http://www.marketwatch.com/investing/Bond/TMUBMUSD10Y?countrycode=BX
Drain the swamp.
https://www.theburningplatform.com/2016/11/16/feared-not-loved/
“Rents Are Plunging In The Most Expensive Markets”
http://www.businessinsider.com/us-rental-market-analysis-2016-11
“…and half of the twenty priciest saw falling rents, including cities like San Diego, and Miami, and Honolulu.”
Have to share the article with our landlords!
The dude from Climate Depot just said get ready for 4 months of off the wall climate “news” coming from the unhinged.
The North Pole is an insane 36 degrees warmer than normal as winter descends
By Chris Mooney and Jason Samenow November 17 at 1:41 PM
Political people in the United States are watching the chaos in Washington in the moment. But some people in the science community are watching the chaos somewhere else — the Arctic.
https://www.washingtonpost.com/news/energy-environment/wp/2016/11/17/the-north-pole-is-an-insane-36-degrees-warmer-than-normal-as-winter-descends/
Italy: Luigi Fogli tries to protect his hotel confiscated to host asylum seekers [ENGSUB]
https://www.youtube.com/watch?v=BzZ6–p01KM