November 28, 2016

The Forces Of Markets Have Kicked In On Their Own

A report from KPCC in California. “The five year run-up in Southern California housing prices could be coming to an end and homeowners thinking about selling may want to act sooner rather than later, according to economists and a leading real estate broker in Orange County. Even before the election, there had been signs the market was slowing down. But immediately after Trump’s surprise victory, there was a significant development: Mortgage rates rose to their highest levels since the summer of 2015 and appear to be headed farther up as investors flee from bonds to stocks.”

“‘I’ve heard from sellers – some of whom even voted for Trump – who are a little bit nervous because they’ve realized values now exceed 2007, which was the ultimate height,’ said Steven Thomas, realtor and author of the monthly Orange County Housing Report. ‘It feels like values are topping out.’”

The Miami Herald in Florida. “For the past eight months, Miami Beach has waged a war against short-term rentals. Its weapon of choice: $20,000 fines. One property on Meridian Avenue has been walloped three times, totaling $60,000 in fines. The high fines against short-term rentals may lead property owners to rent long-term instead, depreciating the value of the properties because they generate less income from renting, said real-estate broker Ross Milroy.”

“‘This is diluting the rental pool. With more properties available, people have more choices,’ Milroy said. ‘It’s starting to bring down rents. Once rental prices come down, prices will follow. It’s decreasing the value.’”

The New York Post. “Holiday specials aren’t limited to flat-screen TVs. The overpriced Manhattan real-estate scene has left some homes lingering on the market for more than four years, prompting huge price cuts that make them ripe for the picking, according to experts and stats compiled for The Post. ‘Historically, we are now in the midst of the fastest market adjustment ever,’ said Leonard Steinberg, president of the city real-estate giant Compass.”

“The prices of some high-end homes have been slashed nearly in half since hitting the market. A penthouse duplex at 165 Perry St. in the West Village has taken the biggest hit, with its asking price dropping 49.8 percent, from $39.8 million more than a year and a half ago to its current $19.8 million. ‘The natural forces of markets have kicked in on their own,’ Steinberg said.”

“There also have been extreme price drops in the much more affordable range, according to statistics compiled for The Post by real-estate Web site StreetEasy. A one-bedroom, one-bath, 700-square-foot unit at The Beekman, a prewar co-op at 575 Park Ave., has been on and off the market since 2013 and was listed for $500,000 last year. This month, it was slashed by 40 percent, to $300,000.”

“When a property stays on the market for a while, sellers just want to ‘cash out,’ leading to the sudden price drops, experts said. An apartment at the Village’s 150 Charles St. has been on the market the longest — 1,355 days, according to Streeteasy. Its original $8.99 million asking price is now down to $7.95 million. ‘Someone’s loss is another’s gain,’ said Paula Del Nunzio, a top luxury broker with Brown Harris Stevens.”

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Comment by Ben Jones
2016-11-28 09:47:31

‘Multifamily investment in Colorado Springs will continue to lure new investment and acquisition from large market investors. Denver apartment investors, in particular, see Colorado Springs apartments as a “safe haven” from the risk in their potentially overbuilt market.”

‘Apartment vacancy is increasing in Denver and Fort Collins, Loveland and Greeley. Rent growth has slowed in those markets. Still, Colorado Springs rents remain considerably below Denver, which is part of the reason forecasts are positive.’

Comment by In Colorado
2016-11-28 10:31:17

They sure are building a lot of new apartments in Loveland.

Comment by jerzdebil
2016-11-28 11:03:10

Probably gonna ship in lots of somalis, theyre doing wonders in Ohio. News claimed another campus mass shooting today, but it was just another media lie - instead its likely some somalis/blms trying to run over students and then stab them with a butcher knife. Aint open borders great?

Comment by 2banana
2016-11-28 11:10:48

Muslims are 1% of the population in the US.

Who wants to give me 99-1 odds?

10-1? 2-1? Even money?


Funny how that multiculturalism is working out…

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Comment by In Colorado
2016-11-28 11:24:42

If they do, they won’t get a warm welcome.

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Comment by new attitude
2016-11-28 12:00:12

why do you think our borders are open? Try to cross from San Diego to Tijuana, it takes 3-4 hrs. not open

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Comment by Ben Jones
2016-11-28 12:11:02

I’ve explained this to you before. Years ago California’s more powerful congress people had the government more effectively shut down that part of the border. That’s when the human smugglers went around through Arizona and the massive problems began here. Then we have referendums (cuz our reps are globalists) and try to roll back the smuggling and the Feds fight us. I’ve asked before, if California loves illegal immigrants so much why not open the gates there?

Comment by Old And Dirty
2016-11-28 12:11:43

Lola….. honest people go through the front door.

Comment by palmetto
2016-11-28 12:32:24

“why do you think our borders are open? Try to cross from San Diego to Tijuana, it takes 3-4 hrs. not open”

What I heard is that Cali is now doing its own “border control” to force the illegals over to AZ border.

Comment by cactus
2016-11-28 13:42:07

if California loves illegal immigrants so much why not open the gates there?’

Watch what they do not what they say

Comment by new attitude
2016-11-28 17:41:15

All biz owners, including CA love cheap labor, cheap labor is good for business. Not just in CA. Heck, Victoria Secret uses prison labor.

Go after the people that hire illeagals and they stop coming.

Remember, lower and lower prices are good for the economy. I cant find any locals to wash my car for $10.

Comment by taxpayer
2016-11-28 13:28:44

the hajib count is going up in my hood. Could hurt resale.

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Comment by Old And Dirty
2016-11-28 15:28:21

Livin’ in a dump….. livin’ in a dump it’s a put on.

Comment by mcbain!
2016-11-28 15:46:41

My prediction is that non muslim women will start wearing the hajib as a form of protection/disguise from the ferals that inhabit the inner cities. The ferals know better than to fk with the muzzie tribe.

Comment by tj
2016-11-28 16:03:24

i don’t think women will need to wear anything special in russia. they seem to be pretty firm about keeping their culture.

Comment by Apartment 401
2016-11-28 12:17:06

They need to build more apartments in Colorado Springs for people to commute to Denver every day.

Comment by rms
2016-11-28 13:30:13

Do you know anything about the quality of life on the west side… Montrose, CO for example?

Comment by Blue Skye
2016-11-28 17:44:29

I’ve been to Montrose a few times. Black Canyon!

At least if you buy ice cream, they will still pack it in dry ice for you.

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Comment by Ben Jones
2016-11-28 09:48:48

Re-posting this from the previous comments:

‘The ‘final nail in the coffin’ may be coming for the Federal Reserve’s freedom’

‘Elga Bartsch, the chief European economist at Morgan Stanley, said in the bank’s outlook for 2017 that one more financial cataclysm could be all that it takes for independence to end.’

‘Post-crisis central bank policies have left the financial system potentially vulnerable to a political backlash.’

“A prolonged period of exceptionally low interest rates has weighed on financial intermediaries’ business models,” said the Morgan Stanley economist. “Hence, financial stability issues – ranging from a credit crunch to shortfalls in pension benefits or life insurance payments to a hard landing in risk asset markets (notably housing) – could turn out to be final nail in the coffin of central bank independence.”

Comment by Ben Jones
2016-11-28 09:50:19

Pensions and life insurance models depend on compounding returns over many years. Maybe someone should tell Bernanke and Yellen.

Comment by taxpayer
2016-11-28 09:53:11

most based on 7% from stocks and 2%+ ?? over inflation on bonds

Comment by Neuromance
2016-11-28 17:24:58

Economists were not able to see the 2008 financial crisis coming. The largest economic event in 80 years.

The Fed is reliably able to do one thing - redistribute resources in order to save banks and financial companies (I got a chuckle when Goldman Sachs converted itself into a “bank” - “Yeah, I’ll go down to the local GS branch and open up a checking account.”). Giving it the dual mandate, and the de facto triple mandate (which includes financial market stability) is just giving it more cover to redistribute to where it sees fit. It has no idea how to plan the economy. See paragraph 1 above.

Debating What’s Wrong With Macroeconomics
By Mark Buchanan & Noah Smith
Nov 28, 2016

It wasn’t very long ago that macroeconomics was being hailed for answering some of the big, perplexing questions about the workings of the economy. “The state of macro is good,” one highly respected economist wrote in August 2008, just before much of the developed world came close to economic disaster. The failure to foresee the financial crisis now is considered one glaring sign of the field’s limitations. Bloomberg View columnists Mark Buchanan and Noah Smith met online to debate how macroeconomics needs to change.

Comment by rms
2016-11-28 19:13:01

Most of these “suits-n-ties” couldn’t add a quart of oil to their automobile’s engine, and I doubt they add much value to the economy during a typical workday either. They’re more likely just scheming (preying) on working-class people.

Comment by Neuromance
2016-11-28 17:30:29

The Fed is a gargantuan economic entity. A unique entity in that it is able to print currency. Knowing what it’s going to do next would be useful for planning purposes. However, that knowledge will be further restricted to those who hobnob with Fed officials.

Bernanke tells Fed officials to clam up
by: Greg Robb
Nov 28, 2016

Predictions of future Fed actions are ‘not helpful,’ former Fed chairman says

He [Bernanke] said U.S. central bankers should use their public appearances simply to provide explanations of the issues at stake in a policy decision, encourage outside input, and assure the public that there are diverse views on the central bank.

New York Fed President William Dudley had another suggestion.

In a speech earlier this fall, Dudley said that the markets should remember “that some Fed speakers are more important than others.”

Comment by rms
2016-11-28 22:08:03

Get shorty! —Bernanke

Comment by Neuromance
2016-11-28 17:47:10

“Yet Mr Greenspan also held a fear and a hope. His fear was that participants in the financial game would always be too far ahead of the government’s referees and that the regulators would always fail. His hope was that “when risk management did fail, the Fed would clean up afterwards.” Unfortunately, after the big crisis, in 2007-08, this no longer proved true.”

Au contraire, the clean up was wildly succesful, but it was a team effort between the government and the Fed. Not a single financier went to jail as a result of the financial crisis, no individuals had a penny clawed back (Joe Cassano, “Patient zero of the Financial Crisis” as he was dubbed by Taibbi walked away with hundreds of millions). The “Privatize the profits, socialize the losses model” worked flawlessly.

Comment by palmetto
2016-11-28 10:25:03

And following up on my earlier post about Amazon.

Fake company selling fake crap and screwing real people out of profits and decent products. Don’t believe a word of it that they’re “cracking down”. They’ve known about the problem for years.

Amazon is nothing more than an American Ali-Baba.

Here’s some comments from ZH posters about Amazon:

“This is crap. I’ve personally stopped buying Amazon. I look for it on Amazon, and then find the cheapest alternative and buy it there. We have to start hitting these jackasses in the pocket book.”

“Amazon is not a great deal, its more expensive than buying in a store.

They jack up the price to give free shipping, plus charge sales tax.

Some small guys and Ebay don’t.”

All you need to know about Amazon and its intentions was that sick commie article in WaPo, which is desperate to cover up pizzagate.

Comment by palmetto
2016-11-28 10:34:00

Adding to the post above, a Jeff Bezos laugh compilation.

He’s laughing at you!

Comment by rms
2016-11-28 22:18:49

About 3-min viewing the working conditions at one of Jeff’s “fulfillment” centers is all I could stand.

Comment by In Colorado
2016-11-28 10:35:18

FWIW, Amazon stopped letting individuals sell their old CDs and DVDs some time ago. I once received a DVD that was clearly pirated. I contacted the seller, who promptly refunded my money. This only happened to me once.

Comment by palmetto
2016-11-28 10:58:24

Do you know when they stopped? I know a guy who sold that stuff on Amazon, but I haven’t spoken to him in like a year.

It’s not so much the CDs and DVDs that are a problem, which is easily solved, it’s all the product counterfeiting across the board.

Amazon expanded too far, too fast, with little regard for quality control. You know it’s bad when you’ve got a cottage industry selling
seminars on how to make millions of $$ on Amazon. Plus they compete with their own sellers.

Comment by In Colorado
2016-11-28 11:28:23

I think it’s been two years now. I used to resell stuff I bought and decided I wouldn’t be watching again. Then one day, with no warning, Amazon wouldn’t let me create new listings. Upon digging I learned that you need to be an “authorized reseller”, whatever that means, to resell them.

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Comment by palmetto
2016-11-28 11:59:23

Thanks. I recall him telling me he ran into the “reseller” problem while selling stuff, but as I recall, it only extended to new product, not used.

People were also doing something called “retail arbitrage”, where they’d sell stuff they bought at WalMart or wherever (mostly toys and games) and resell on Amazon for higher prices. I even saw some lady do a video on how to bundle paper plates and napkins bought at the dollar store and re-sell them on Amazon. Ridiculous.

Comment by the spider monkey
2016-11-28 18:31:03

“I even saw some lady do a video on how to bundle paper plates and napkins bought at the dollar store and re-sell them on Amazon.”

That’s funny. That’s one thing I buy from Amazon — large bulk paper product items. Like 500 paper plates and 200 rolls of toilet paper. Then I don’t have to think about those things for months. Delivered right to the door. It’s awesome.

Yeah, I agree with some of the Amazon criticisms but sometimes it’s pretty convenient, for some things.

Comment by new attitude
2016-11-28 10:42:45

Irvine, CA is doing its best to meet the Chinese demand:

Comment by new attitude
2016-11-28 12:01:18

the marketing photos have Chinese people in them. uhg

easier to buy the USA then invade it.

Comment by In Colorado
2016-11-28 12:28:57

FWIW, there is no shortage of US born Asians in SoCal. And given their typical demographic, they are more likely to be potential buyers.

Comment by new attitude
2016-11-28 17:43:19

UCI is 70% asian. Irvine Hight School is 60%, that city has been taken over, easier to buy it with fake Yuan.

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Comment by cactus
2016-11-28 13:50:34

Built on the abandoned El torro air base , ugh

Comment by new attitude
2016-11-28 17:44:20

Ironic, they took over our base, with out an Army.

Comment by Ben Jones
2016-11-28 11:10:08

‘Historically, we are now in the midst of the fastest market adjustment ever,’ said Leonard Steinberg, president of the city real-estate giant Compass.’

‘The prices of some high-end homes have been slashed nearly in half since hitting the market.’

Can we call it a bubble yet?

Comment by 2banana
2016-11-28 11:12:38

It’s only a bubble AFTER it pops.

Before it pops - everyone is just a smart investor…

Comment by jerzdebil
2016-11-28 11:17:37

Remember that massive fire in LA that resulted in almost 100 million dollars in damages? The media never reported in any material way who did it. Would you be surprised if it was a black muslim?

And the Sierra club backs BLM apparently. Small world.

Comment by MightyMike
2016-11-28 11:41:01

That appears to be a compilation of clips from ABC and NBC stations.

Comment by 2banana
2016-11-28 11:53:00
Comment by Ben Jones
2016-11-28 11:50:31

‘A financial stability watchdog in the European Union has warned eight countries about risks in their residential real estate markets, including rising levels of mortgage debt or overheated house prices.’

‘The European Systemic Risk Board issued the warnings to Austria, Belgium, Denmark, Finland, Luxembourg, the Netherlands, Sweden and the United Kingdom.’

Comment by rms
2016-11-28 22:30:32

‘The European Systemic Risk Board issued the warnings to Austria, Belgium, Denmark, Finland, Luxembourg, the Netherlands, Sweden and the United Kingdom.’

Aren’t those the guys who are expected to bailout Portugal, Ireland, Italy, Greece and Spain?

Comment by 2banana
2016-11-28 12:01:51

Hurt Americans……..?

Riskier loans to pull more equity out of their home….?


US Housing Market In Peril As “Increase In Mortgage Rates Has Shocked Consumers”
Zero Hedge | 27 November 2016 | Tyler Durden

While rising treasury yields may be music to the ears of savers who have been crushed by low interest rates over the past 7 years, they’re a bit of downer for the overwhelming majority of Americans that have been funding their lavish lifestyles with cheap debt. Yes, sadly the days of upgrading to the $65,000 luxury car despite a $40,000 annual salary, because you can “afford it” so long as you can cover the low monthly payments courtesy of 7-year terms and low interest rates, may finally be coming to an end.

But auto OEM’s aren’t the only ones about to get crushed by the “normalization” of interest rate policies in the U.S. As the Wall Street Journal points out, according to the Mortgage Bankers Association, mortgage refinancings are set to drop 46% in 2017. And with many American’s funding their daily expenses with “cash-out” mortgage refi’s, pretty much everyone selling goods to consumers, which happens to represent about two-thirds of the economy, has reason for concern.

The fast rise in rates has spurred homeowners to pull back from refinancing their mortgages. Applications dropped 3% in the week ended Nov. 18 from the prior one, the seventh consecutive weekly decline, and the second since Election Day, according to data released Wednesday by the Mortgage Bankers Association.

The MBA estimates refinances will fall 46% next year, to $484 billion, which will hurt Americans’ ability to free up cash by reducing the cost of their monthly mortgages. The fall in refinances also will hit an important area of consumer-loan growth for banks. To slow the possible damage, banks already are pitching riskier loans that come with adjustable interest rates or allow borrowers to pull more equity out of their homes.

This month’s rate increase has eliminated a large share of borrowers for whom refinancing would make financial sense. Before the election, 70% of all borrowers with a 30-year fixed-rate conforming mortgage stood to incur at least a half a percentage point in savings by refinancing. Now only 35% of borrowers are eligible for such savings, said Walter Schmidt, who tracks mortgage-backed securities at FTN Financial.

Comment by AbsoluteBeginner
2016-11-28 17:52:08

‘The MBA estimates refinances will fall 46% next year, to $484 billion, which will hurt Americans’ ability to free up cash by reducing the cost of their monthly mortgages.’

So, will banks push HELOCs or second mortgages, etc. ?

Comment by Apartment 401
2016-11-28 12:24:25

Acts Of Love today on the Ohio State University campus.

Comment by palmetto
2016-11-28 12:29:21

Yep. So much for safe spaces.

Comment by In Colorado
2016-11-28 13:07:27

Just wait and see. The campus SJWs will come to the killer’s defense, saying that he triggered by Trump’s victory or something and couldn’t help himself.

Comment by mcbain!
2016-11-28 15:54:15

Theyre really going to be triggered when the Madman does a full court press for concealed carry nationwide, to include campuses.

Generation snowflake gonna melt thanks to the good kind of global warming, courtesy of nationalism spreading and snuffing out cultural marxism.

Right now theyre too busy crying over the death of their beloved icon Castro, a brutal dictator, while claiming a developer who decided to run for office for the first time in his life at the ripe old age of 70 is a fascist dictator. The left has no idea how stupid they sound to normal people.

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Comment by 2banana
2016-11-28 12:33:28

Mulism Somali “refugee” who wanted to do a “Nice” copycat attack. Bet his Facebook page and cell is getting scrubbed right now.

But he did make OSU more diverse…

Comment by mcbain!
2016-11-28 17:04:06

Just heard on the radio, CAIR or some other group of tards saying for the 4,987th time that this attack had nothing to do with and is not a reflection of Islam, whatsoever.

Good to know.

Comment by tresho
2016-11-28 17:08:10

Bet his Facebook page and cell is getting scrubbed right now.
CBS Evening News quoted the suspect’s last FB post which went online a few minutes before the attack began. He referred to himself as a “lone wolf”.

Comment by Old And Dirty
2016-11-28 13:21:45

A knife and an automobile. So much for gun control.

Comment by 2banana
2016-11-28 13:25:49

The gun control ghouls that come out nanoseconds after every attack before any facts come out are sad pandas today…

Comment by Old And Dirty
2016-11-28 13:46:49

Their goal is to criminalize everything.

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Comment by mcbain!
2016-11-28 15:08:03

Not everything - they want to decriminalize drugs and sex trafficking

Comment by Karen
2016-11-29 00:35:29

Their goal is to criminalize everything.

That’s really what it is. Too easy to get caught up in the individual arguments for specific issues. It’s a broad, far-reaching strategy.

Comment by phony scandals
2016-11-28 14:02:02

OHIO STATE ATTACKER IDENTIFIED: Everything We Know About Abdul Razak Ali Artan

3:30 PM 11/28/2016

The man behind Monday’s horrific attack at Ohio State University has been identified as Abdul Razak Ali Artan.

He moved to the United States in 2014, where he was granted legal, permanent status.

Furthermore, “The Lantern” — OSU’s campus newspaper — ran an interview with Artan just a few months ago, in which he criticized the school for not having Muslim prayer rooms on campus.

“I wanted to pray in the open, but I was kind of scared with everything going on in the media,” he stated. “I’m a Muslim, it’s not what the media portrays me to be.”

Read more:

Comment by 2banana
2016-11-28 14:53:33

Yeah. It’s worse.

Much worse.

Comment by Raymond K Hessel
2016-11-28 19:01:58

Cue The Narrative pre-canned script:

1. A mentally ill loner
2. Rejected by women
3. No evident connection to extremism

At least there’s no firearm to blame this time around.

Comment by taxpayer
2016-11-28 14:38:41

how much are taxes going up in your county/city?
I figure 5% here in fx co s of DC.
just cause you rent or own a YURT you are not exempt.

Comment by Puggs
2016-11-28 14:56:40

Truth. Yewl ALWAYS be a renter. Forever.

Comment by mcbain!
2016-11-28 15:12:24

My rent is going up 5% in february, first raise in 6 years. I figure its probably due to the increase in property tax. Rent is still less than 10% of my income - thanks libtards for packing yourselves like sardines into those third world cess pools and paying through the nose for all that “vibrancy”! I’ll enjoy my slice of paradise on the cheap - no traffic, no pollution, very little crime - life is good.

Comment by Old And Dirty
2016-11-28 15:23:42

And there you go…..

Why buy it when you can rent it for half the monthly cost? By later after prices crater for 70% less

Comment by Rental Watch
2016-11-28 16:29:11

Forget the excuses (property taxes going up, maintenance, etc.). Your landlord is trying to raise your rents by 5% because they think they can do so without you moving somewhere else–and it sounds like they were right.

Comment by mcbain!
2016-11-28 17:13:09

You picked a bad day to stop smoking crack. My rent, even after the 5% increase, is probably 30% or more below the market rate. And its not a company, the landlord is a guy who built a bunch of these rental houses back in the day himself with probably a few buddies in the construction biz. I surf with him from time to time, hes not a shyster. Probably doesnt even need to work anymore, but he still works as a handyman. Appears to have a high maintenance wife though, so that might be why he still slugs it out at a job. Word to the wise, if you sport a permanent grimace everywhere you go, people might think youre a b!tch!

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Comment by Old And Dirty
2016-11-28 17:30:39


RentalWatch is just another face in a sea of faces that got schlonged on a house.

Comment by new attitude
2016-11-28 17:48:19

McBain - are you in Twin Falls, ID or Bend, OR?

is “libtards” another word for uneducated, unskilled poor folk?

Comment by Neuromance
2016-11-28 17:38:07

I had a thought about how high house prices push up rents:

• A high house price requires a higher rent to cover the PITI-UMF (principal, interest, taxes, insurance, utilities, maintenance, fees).

• Living space demand is relatively inelastic (less sensitive to price), like coffee - you need it.

• Higher house rental prices push people into more traditional apartments, putting upward pressure on demand for those cheaper units, allowing price/rental cost increases. And so on down the line.

All of which leads to further economic distress.

Comment by the spider monkey
2016-11-28 17:46:00

Another update on the leaning tower of San Francisco.

“It has sunk about 16 inches into landfill and is tilting several inches to the northwest.

A dispute over the building’s construction in the seismically active city has spurred numerous lawsuits involving the developer, the city and owners of its multimillion dollar apartments.

Engineers have estimated the building is sinking at a rate of about 1-inch per year. The Sentinel-1 twin satellites show almost double that rate based on data collected from April 2015 to September 2016.”

“The building’s developer, Millennium Partners, insists the building is safe for occupancy and could withstand an earthquake.”

Yeah, right. I would not feel safe living there. I wouldn’t care what the building developer said. If they were dumb enough not to drill to bedrock, I wouldn’t believe anything they said about anything. You’d have to be crazy to keep living in that building.

Comment by the spider monkey
2016-11-28 18:09:47

Forget earthquakes. That building may collapse on its own.

Comment by redmondjp
2016-11-28 22:14:12

At 1+ inch per year, they are going to have real fun with the utility connections, which don’t take kindly to movements of that magnitude.

I’ve done new commercial construction in expansive clay soil in Colorado - our building had a 3 foot thick concrete foundation supported by concrete pilings 128 feet deep. The soil has a 3′ gap underneath the foundation, and all of the utility connections have expansion joints on them.

We actually changed the foundation design during construction, as the pilings were originally only 75 feet deep, which the geotech guys didn’t feel was deep enough.

The only people who are going to make out well on the Sinking Structure of SFO are the lawyers, on all sides.

Comment by Old And Dirty
2016-11-28 18:26:34


Comment by the spider monkey
2016-11-28 18:42:02

Quite literally. :)

Comment by Palm Beach County
2016-11-29 04:40:04

Mark Hanson ‏@MrMarkHanson 12h12 hours ago
HANSON “HOUSING BUBBLE GUY”: Rate surge slams pricing power going into winter doldrums & ahead of Spring. BID LOW!

Comment by Palm Beach County
2016-11-29 04:55:35

Mark Hanson ‏@MrMarkHanson Nov 27
Mark Hanson Retweeted Brian
Don’t know if it will. Believe this cycle has already peaked and its an overbought tinderbox = highly susceptible to any number of sparksMark Hanson added,
Brian @BriSilverman
@MrMarkHanson @rorotrader when do you expect the market to “crash”? Ballpark

Comment by Palm Beach County
2016-11-29 05:52:42

The economy
Ahead of Friday’s big jobs report, we’ve got third-quarter GDP at 8:30 a.m. Eastern Time, Case-Shiller home prices at 9 a.m. Eastern, and consumer sentiment an hour after that.

Among Fed speakers, William Dudley is skedded at 9:15 a.m. Eastern and Jerome Powell at 12:40 p.m. Eastern.

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