November 28, 2016

When Selling Isn’t Really An Option

A report from the Montreal Gazette in Canada. “It seems like a person can’t throw a rock in downtown Montreal without hitting a new condo project promising state-of-the-art facilities, a rooftop pool, breathtaking views and a communal lounge. It begs the question: Are there too many condos in Montreal? Anecdotally, the answer is yes. ‘There are definitely too many condos,” says Doug Hollingworth, a homeowner who recently swapped his Mile End condo for a semi-detached in N.D.G. ‘I know more people who are leaving (Montreal) than moving here.’”

The Edmonton Journal. “Renters continue to have the upper hand on landlords in Edmonton. Data compiled by an Alberta property management firm, Hope Street Real Estate, shows that the number of rental homes currently on the market has risen to 5,211, up from 3,820 at this time last year. Company president Shamon Kureshi said this is great news for renters with more options and lower rents, but bad news for landlords. And Kureshi doesn’t see that improving any time soon.”

“‘We did this report mainly just to have something on paper to show our clients when they called to say ‘What the hell is going on here?’ Kureshi said. ‘It’s probably a little alarming for many landlords. There are a lot of factors at play, but the cost of a barrel of oil is the main one,’ he said. ‘There are also a lot of condo developers who can’t sell their units and who are now putting them into the rental pool, creating a tidal wave of inventory. Two years ago that could have been a profitable venture for them, but what we have concluded is that selling isn’t really an option.’”

The Calgary Herald. “Rapid construction of new apartments at a time of high unemployment in Calgary has left a raft of rental housing empty, spiking the apartment vacancy rate to levels not seen in a generation, a new report says. More than 2,500 apartment units were empty in October, up by more than a third over last year’s volumes, pushing the vacancy rate to seven per cent, according to the Canadian Mortgage and Housing Corp. It’s now the highest it has been in 25 years, the national housing agency said in its annual rental market report.”

“Calgary was home to 36,500 apartments last month, up by 1,300 units or nearly four per cent over year-ago levels. It was the biggest annual gain in 22 years and the third straight year of expansion in the rental market. ‘The vacancy rate has moved well above historical averages largely due to a rise in supply,’ Richard Cho, analyst with the housing agency, said in a statement. ‘Job losses have spread beyond the energy sector and into other areas of the economy.’”

The Saskatoon Star Phoenix. “Saskatoon’s apartment vacancy rate climbed from 6.5 per cent to 10.3 per cent over the last 12 months, while the average rental rate for an apartment in the city remained steady at about $1,000, the CMHC reported Monday. About 1,391 of the 13,507 apartments in Saskatoon were sitting empty last month. That represents an increase of 522 vacant units from the 869 that were sitting empty in October 2015. ‘Weak economic and labour market conditions have held back rental demand, while increasing supply in both the primary and secondary rental markets has resulted in a significant jump in apartment vacancies this year,’ CMCH analyst Goodson Mwale said.”

The Moose Jaw Times Herald. “On Monday, the CMHC released data about vacancy rates for apartments within Moose Jaw and around the province. It showed that the vacancy rate for Moose Jaw for Oct. 2016 was 3.3 per cent, down from 3.4 per cent in Oct. 2015. The provincial average was 9.4 per cent. Weyburn, Lloydminster, and Estevan all had vacancy rates above 20 per cent, ranging from 20.2 per cent to 27.6 per cent for Estevan.”

The Dawson Creek Mirror. “Apartment vacancy rates in Dawson Creek and Fort St. John are once again the highest in British Columbia according to new data from Canada’s housing agency, but local real estate professionals are divided on whether the numbers accurately reflect the market. Dawson Creek recorded an overall rental vacancy rate of 19.1 per cent in October, 4.5 points higher than the same time last year. Fort St. John, meanwhile, saw its vacancy rates surge from 12.1 per cent to 30.7 per cent. At 34.8 per cent, the town’s vacancy rate for one-bedroom apartments was the highest single rate in the province.”

“Lita Powell of Fort St. John’s Li-car Management Group said the numbers were ‘bang on.’ In fact, the CMHC might be underestimating Fort St. John’s vacancy rates, she said. ‘The real vacancy in Fort St. John is much closer to 35 per cent,’ she said. ‘The CMHC vacancy rate misses a substantial number of units,’ including any buildings smaller than eight units. ‘When you consider the number of duplex units built in the past four years in Fort St. John, I suspect they make up a substantial number of the vacancies,’ she said.”

From CBC News. “One of Nelson Sturge’s tenants recently came into his office to drop off their keys. But there was still six months left on the commercial lease. ‘One of the comments by them was, ‘We can’t even make payroll,’ Sturge said. CBC News spoke with Sturge and other Fort McMurray commercial landlords who have all said they’ve reduced their asking prices by about half.”

“Some of Sturge’s properties sit on one of Fort McMurray’s industrial parks. It’s not hard to spot ‘For sale’ signs hanging along its streets. Property owners like him, who bought or built warehouses and storage buildings during the height of Fort McMurray’s boom, are now stuck paying high mortgages and collecting low rents. ‘It puts us in a bit of a bind right now, especially with the market that’s out there,’ Sturge said. ‘It’s a tenant’s market right now.’”




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127 Comments »

Comment by Ben Jones
2016-11-28 17:55:53

If you ever wondered what a recession looks like, this is it.

Comment by 2banana
2016-11-28 18:19:08

How do you say fiction peddler in Canada?

 
Comment by palmetto
2016-11-28 18:44:02

“If you ever wondered what a recession looks like, this is it.”

I was gonna say something similar in response to this scenario:

“One of Nelson Sturge’s tenants recently came into his office to drop off their keys. But there was still six months left on the commercial lease. ‘One of the comments by them was, ‘We can’t even make payroll,’ Sturge said. CBC News spoke with Sturge and other Fort McMurray commercial landlords who have all said they’ve reduced their asking prices by about half.”

“Some of Sturge’s properties sit on one of Fort McMurray’s industrial parks. It’s not hard to spot ‘For sale’ signs hanging along its streets. Property owners like him, who bought or built warehouses and storage buildings during the height of Fort McMurray’s boom, are now stuck paying high mortgages and collecting low rents. ‘It puts us in a bit of a bind right now, especially with the market that’s out there,’ Sturge said. ‘It’s a tenant’s market right now.’”

It’s not a tenant’s market, doosh. It’s a depression. How d’ya like that?

Comment by Ben Jones
2016-11-28 20:13:15

I wish the best for them. It’s gonna be hard.

Comment by palmetto
2016-11-28 20:26:16

Where’s the CONVOOOYYY? CONVOOOYYY!

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Comment by Ben Jones
2016-11-28 20:29:25

That’s a good point. We had a number of Hitler declarations here and I’ve noticed they haven’t moved since the election. Are they mad? Don’t they realize the ovens are being built and they’ll lose everything?

 
Comment by Raymond K Hessel
2016-11-28 20:38:48

Lena Dunham lost a relative in the Holocaust. The guy fell out of a guard tower.

 
Comment by Professor Bear
2016-11-28 21:06:37

I hope you aren’t equating my noting the resemblance of some of Trump’s statements to things Hitler said to a “Hitler declaration.” What does that even mean?

 
Comment by 2banana
2016-11-28 21:47:09

Deporting illegals = Hitler
Building a Wall = Hitler
Having men pee in the men’s room = Hitler
Opposing Gun Control = Hitler
Shrinking one government program by 1% = Hitler
Etc.

Its gets old.

Especially if you knew of even the slightest history of the Nazi Party of their economic policies of National Socialism.

Hint = Everything for the state. Nothing outside the state. Nothing against the state.

 
Comment by redmondjp
2016-11-28 22:19:10

Cheeze and crackers man, don’t be coy. You know exactly what that means.

 
Comment by Professor Bear
2016-11-29 00:39:33

“You know exactly what that means.”

It’s amazing we have such skilled mind readers right here on the HBB!

 
Comment by MacBeth
2016-11-29 05:51:05

“I hope you aren’t equating my noting the resemblance of some of Trump’s statements to things Hitler said to a “Hitler declaration.” What does that even mean?”

Still at it, eh? While I cannot speak for anyone else here, everything you say is always held immediately suspect by this poster.

Past lies have that effect. So do past efforts to malign and to cover up and deflect the lies.

I sometimes wonder how you treat others in *real life*. I wonder how long you’ve gotten away with it. By all indications, quite a long time.

 
Comment by Blue Skye
2016-11-29 07:32:30

“It never happened” doesn’t really change that it did.

 
Comment by Professor Bear
2016-11-29 08:04:51

We live in the age where bullshit rules and facts lose.

 
Comment by scdave
2016-11-29 09:22:19

+ 1 Pbear…

 
Comment by Rental Watch
2016-11-29 13:18:18

We live in the age where bullshit rules and facts lose.

————–

I was catching up on some old Podcasts recently, and there was an inordinate number of people interviewed that basically said:

“Based on what we’ve seen during our lifetimes, we didn’t trust HRC to help us at all, so we decided to give this Trump guy a chance, even though he sounds kind of cuckoo.”

I don’t think people were stupid, or not believing in facts. I think they thought the system needed to be shaken up in a big way, and they thought Trump was the person to do so.

 
Comment by Blue Skye
2016-11-29 13:21:53

You guys are funny. Where did you think you posted all that stuff? What would you guess the word count would be for PB posts here over the past year that include the word “Hitler”?

 
Comment by oxide
2016-11-29 14:35:34

Rental watch, I posted a link below to some raw vote totals. What you are saying mostly happened, especially in Pennsylvania. Many of those voters crossed the fence from Clinton’s lawn to Trump’s lawn. But there were many others who went to the fence and stayed on it. They either voted third party, wrote someone in, or didn’t vote at all. This appears to be what happened in Wisconsin and Ohio. That’s really where Clinton lost.

 
Comment by Karen
2016-11-29 15:10:47

“I hope you aren’t equating my noting the resemblance of some of Trump’s statements to things Hitler said to a “Hitler declaration.” What does that even mean?”

Still at it, eh? While I cannot speak for anyone else here, everything you say is always held immediately suspect by this poster.

Past lies have that effect. So do past efforts to malign and to cover up and deflect the lies.

I sometimes wonder how you treat others in *real life*. I wonder how long you’ve gotten away with it. By all indications, quite a long time.

I Joshua Tree’d him long ago. I only open his posts if I see replies that make me wonder what he said. Keeps my blood pressure down.

 
Comment by Rental Watch
2016-11-29 16:47:40

Oxide,

I’ve heard a lot of people say that HRC lost because her voters voted third party.

However, I personally know a number of people who are more than right leaning (generally vote R), but couldn’t stomach voting for Trump, so they went third party.

Said another way, I don’t think HRC lost because her supporters went third party, because I think those votes were cancelled out by those on the right who went third party.

HRC lost because the people who the Democrats usually championed (blue collar America) didn’t believe a private-jet-flying, Goldman-Sachs-speech-giving elite had their best interests at heart. Too many either voted for Trump, or just stayed home.

And while Trump flies in private jets, he didn’t change is outfit or accent to pander to rural America. He was the same brash Trump wherever he went, or to whomever he was speaking. His supporters turned out.

 
Comment by Raymond K Hessel
2016-11-29 17:47:10

Well said. Crooked Hillary oozed insincerity, arrogance, and entitlement. She let the mask slip too many times to reveal the sociopath beneath. And that screeching voice was cringeworthy.

 
 
 
 
Comment by Professor Bear
2016-11-28 21:04:07

Are they still in the denial stage of the recession?

 
 
Comment by Old And Dirty
2016-11-28 18:29:04

cratering_housing_market

 
Comment by Raymond K Hessel
2016-11-28 18:49:09

What happens if there is a “disorderly housing market correction” in Canada?

http://wolfstreet.com/2016/11/28/disorderly-correction-of-canada-toronto-vancouver-house-price-bubble/

 
Comment by palmetto
2016-11-28 18:50:04

This is for spider monkey:

https://www.bloomberg.com/news/articles/2016-11-28/amazon-worker-jumps-off-company-building-after-e-mail-to-staff

I understand it’s convenient to buy paper products in bulk off Amazon. I can appreciate that. But if you knew that your purchase was funding your demise and that of your children, if you have any, would you be tempted to find somewhere else to get those paper products?

I’m not saying it is, but here’s an interesting bit from the story:

“The online retailer has taken steps to soften its image as a difficult employer since a New York Times story last year portrayed the company as a bruising workplace where employees were encouraged to take advantage of one another to get ahead.”

Why put money in the pocket of a sick phuck if you can avoid it?

Comment by Raymond K Hessel
2016-11-28 19:16:10

Costco treats their employees WAY better. I won’t buy anything in bulk from Amazon unless I’ve exhausted all other possibilities.

 
Comment by oxide
2016-11-29 08:04:41

All private companies are bruising workplaces where employees are encouraged to take advantage of one another to get ahead. At least that’s one good thing about the government job-for-life. You can praise others and give credit to others without taking it out of your own future career.

Comment by taxpayer
2016-11-29 08:20:16

can we all work for gov?
Cubans made it to about 60% ?

 
Comment by palmetto
2016-11-29 08:49:33

“All private companies are bruising workplaces where employees are encouraged to take advantage of one another to get ahead.”

And you know this how? By having worked at “all private companies”?

Well, I’ve only worked at a handful of private companies over my lifetime. Some encouraged taking advantage of co-workers, some didn’t. I much preferred the ones that didn’t.

I got even with one of the companies that did. They found out it’s difficult to keep on two parasite employees when the host moves on. The manager found it was difficult to collect a bonus on the efforts of non-productive employees.

 
Comment by Prime_Is_Contained
2016-11-29 08:57:45

All private companies are bruising workplaces where employees are encouraged to take advantage of one another to get ahead.

False.

You can praise others and give credit to others without taking it out of your own future career.

I work at a place where praising others and sharing credit is not only allowed, but supported and encouraged.

 
Comment by Old And Dirty
2016-11-29 08:58:33

Donk….. Have yourself a CraterTater Christmas.

 
Comment by Karen
2016-11-29 15:13:34

All private companies are bruising workplaces where employees are encouraged to take advantage of one another to get ahead. At least that’s one good thing about the government job-for-life. You can praise others and give credit to others without taking it out of your own future career.

Comic relief has arrived

 
 
Comment by the spider monkey
2016-11-29 08:20:32

“But if you knew that your purchase was funding your demise and that of your children”

Wow, I never thought of it that way. Now that I look at these paper plates I bought, all I can see are my dead children.

Comment by palmetto
2016-11-29 08:39:29

spider, please don’t misunderstand me on this. I mean, every time we buy clothing Made in China, we’re contributing to the agony of the people in those factories. I’ve got a bunch of stuff made elsewhere. I rationalize it in that I purchase most of my stuff (other than food and sundries) second hand.

As I mentioned, some of the bulk paper product bundles on
Amazon come about as a result of some enterprising person going to the Dollar Store and snapping up toilet paper, paper plates, napkins, etc and bundling them and re-selling. Believe it or not, you can find YouTube videos with people explaining how to do this.

Comment by the spider monkey
2016-11-29 09:24:39

I get ya. But that’s not Amazon-specific. Wal-Mart, Costco, Target, Dollar Store — it’s all the same crap from China.

You know those “Made In America” labels you see on some things like major appliances — to make you feel good about buying American. A while back they were saying how that label is a total scam — 99.9% of the appliance is made and assembled in China or some foreign country, then the American import company screws ONE last screw — and therefore it becomes “manufactured” in America and qualifies for the “Made In America” label. So you can’t even believe that.

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Comment by palmetto
2016-11-29 10:12:55

“I get ya. But that’s not Amazon-specific. Wal-Mart, Costco, Target, Dollar Store — it’s all the same crap from China.”

I just didn’t want you to feel I might fall off a tall horse any minute. I’m well aware of my own part in this clusterfark. It’s not just Amazon by any means, it’s just as you say above.

I liked Amazon well enough when it started out with books and media like CDs and DVDs. It just went all weird and creepy in its expansion. My former buddy fell for all the make-a-million on Amazon hoopla and couldn’t even get to first base with a Chinese supplier to do a private labeling venture, last I heard.

 
Comment by the spider monkey
2016-11-29 10:51:05

btw, I thought it was funny — going from paper plates to the demise of our children. “That escalated quickly”. :)

I do my best to support my local businesses when I can. One small example is honey. Buy locally made honey whenever you can, or if there is none, you can buy it directly from beekeepers around the country. The stuff in your regular grocery store shelves comes from China and it’s not real honey, and sometimes it is full of contaminants. I visited my local beekeeper once and she worked with the Secret Service, providing samples of real honey from bees so they had a chemical reference point, for when the SS would investigate fake honey from China — they could compare samples to her known-good honey.

Plus locally made honey is 100x better. I try to avoid any/all food items from China.

Anyway, sorry to go off on a honey tangent.. us spider monkeys LOVE honey! :)

 
Comment by oxide
2016-11-29 12:34:04

I don’t know where you are, but there is a resurgence of local food. If you stay away and go to year-round farmers markets and you-pick farms, you can easily eat 80% local year-round, including (grassfed) meat. Some markets even have local milk. As for honey, many of the you-pick farms keep their own beehives for pollination and hire a beekeeper to harvest the honey to sell in the farm store.

 
Comment by oxide
2016-11-29 14:18:29

Oops.

I meant to say “if you stay away from carbohydrates.” In all my years at farmers markets, I haven’t seen any locally-produced corn or wheat or rice flours. But I have seen almost everything else that grows in my climate.

 
Comment by Raymond K Hessel
2016-11-29 17:48:44

I had a honey from China once. Nothing fake about her.

 
 
Comment by tj
2016-11-29 11:21:43

I mean, every time we buy clothing Made in China, we’re contributing to the agony of the people in those factories.

actually, that factory work is their best option. without it, their lives would be worse. instead of contributing to their agony, you’re contributing to their wellbeing. granted, they’ll still have a poor standard of living.

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Comment by Rental Watch
2016-11-29 13:25:02

contributing to the agony of the people in those factories.

So, we should save those people by shutting down those factories and moving them back to the US where they will be more highly automated, or pay much higher wages to American workers?

Don’t believe everything you read. There are plenty of those workers that are thrilled to work those jobs, because the alternative is much, much worse.

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Comment by Raymond K Hessel
2016-11-28 18:50:50

Testify, Brother Ron. Can I get a “Hallelujah!” in the house?!!

http://www.zerohedge.com/news/2016-11-28/ron-paul-tells-trump-really-make-america-great-again-end-fed

Comment by palmetto
2016-11-28 19:00:56

While I agree with ending the fed, I’m totally disgusted at his sniping at Trump from the sidelines and his alliance with the Never Trump movement. STFU, step aside and let someone else carry the message.

Comment by Raymond K Hessel
2016-11-28 19:19:37

I didn’t appreciate Rand carping at Trump when The Donald was already dealing with the pack of jackals in the media and Republicrat establishment. But now that the election is over, it’s time for the anti-Statist candidates to close ranks and deal with the common enemy: the corrupt and venal oligarchy that has had things all its own way for far too long.

Comment by palmetto
2016-11-28 19:27:32

Gah! Forgot to post this image that I got off reddit. Who do you think he could be meeting with?

https://i.sli.mg/JKgUr2.png

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Comment by palmetto
2016-11-28 19:32:39

Trump and Rand during the debates. He did insult Rand, just a little bit.

https://www.youtube.com/watch?v=oMSN7X16pck

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Comment by palmetto
2016-11-28 19:26:00

Just to add to the above, it is true that Trump insulted Ron Paul, damning him with faint praise saying something about “You’re a good guy, but you’re unelectable”. That was in 2012, and I was pretty pissed off about it at the time. And Trump further went on to insult Rand during the Republican debates. So I do understand why Trump wasn’t exactly Ron’s favorite person. But the NeverTrump thing was a bridge too far for me.

As to Trump ending the Fed, I got this off reddit, but have no idea who the ex-bank CEO is who wants to end the Fed, that Trump is supposedly meeting with.

 
 
 
Comment by Raymond K Hessel
2016-11-28 19:32:44
 
Comment by Ben Jones
2016-11-28 19:32:50

SJWs react to donald trump winning the election :) *IMPOSSIBLE CHALLENGE* Try Not to Laugh

https://www.youtube.com/watch?v=fKrxT6RoI0M

Best Of The Young Turks Election Day Meltdown 2016 From smug to utterly devastated

https://www.youtube.com/watch?v=-N1-aZMfS_c

It’s funniest after “It Begins”.

6:20 “It’s panic time.”

8:12 “Brace for impact.”

11:20 “Everybody let down everybody. Latinos, what have you done?”

16:38 “The era of politeness, for progressives, is over.” Chick gives two meddel fangers up.

12:24 “It’s over.”

12:25 “We can now declare Hillary Clinton the worst candidate in American history.”

12:45 “Everybody was on her side. Freaking Republicans were coming out of the woodwork to try to help her. Even Jay Z. And she still lost to this guy.”

12: 23 “She had no message. Even her own campaign message: I’m with her. What does that even mean?

25:36 “He’s going to be in the history books. Kids are going to be taught about him in elementary schools, and everything he does.”

Comment by Old And Dirty
2016-11-28 19:36:07

Donald Trump…. A superb statesman….. with a squad of sexy strumpets.

Comment by Ben Jones
2016-11-28 19:41:18

I don’t know anything about these clowns, but as soon as it looked like she was going to lose, they unleashed on their candidate and the DNC. War, they cried. So what the F-! made you sit there and think anyone else was going to vote for Her<-? They spent half the night talking about what a sorry sack of s*** she was.

Comment by Old And Dirty
2016-11-28 19:54:43

And they unleashed on everyone else too. The howling and gnashing of teeth is as loud today as it was two weeks ago. I’d post it if it weren’t so vile but there’s a video of one of these freaks-of-nature taking a dump publicly on a picture of DJT. Then an 19 year puke calls me a old dirty bastard for wearing a Make America Great t-shirt. Yeah…. lieberals are so classy.

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Comment by palmetto
2016-11-28 20:04:15

Steve Crowder does a great parody of The Young Turks on election night.

http://louderwithcrowder.com/alex-jones-joins-the-young-turks-for-election-night/

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Comment by 2banana
2016-11-28 19:42:24

Delicious progressive tears

Comment by Ben Jones
2016-11-28 20:02:03

Compilation of Liberals Predicting that Trump Will Win the Presidency - Michael Moore, MSNBC, TYT

https://www.youtube.com/watch?v=lgpt3xsvv9Y

4:14 Walking around in Ohio listening to people talk, “oh no, Trumps going to win. This is not an LA crowd or DC crowd. And they look pissed! I’m looking around at these people thinking, ‘the establishment doesn’t get it, it’s not that she’s a woman…Hillary screams I’m your standard politician you’ve seen all your life. And these folks don’t look like they’re in the mood for it.”

Click!

Comment by oxide
2016-11-29 10:15:07

I wonder how many of these woman-power feminist women voted for Sarah Palin because she is a woman.

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Comment by oxide
2016-11-29 10:32:40

That guy at 4:14 is the same guy on the “Best of Young Turks” video you posted above. Looks like he was all worried in Ohio but snapped right back to smug once he got back to the Safe Space of his studio. But he did correctly point out that not only were Ohioans enthusiastic for Trump, but they were totally lukewarm for Clinton.

He was right too. In Ohio, Trump gained 4% compared to 2012, while Clinton lost 18% compared to 2012. 18%!! That’ll lose you an election bigly. More stats:

http://www.electoral-vote.com/evp2016/Pres/Maps/Nov11.html#item-1

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Comment by palmetto
2016-11-28 19:50:22

It’s like Hunger Games meets Lord of the Flies.

 
Comment by palmetto
2016-11-28 20:14:35

Seriously, looking at these people, both the pundits and the civilians, all I can say is, there’s why the birthrate is declining.

 
Comment by Karen
2016-11-29 01:39:36

SJWs react to donald trump winning the election *IMPOSSIBLE CHALLENGE* Try Not to Laugh

First guy up: “This country just became less safe for (non-whites, latinos, whatever)”

Less safe compared to what? Who is doing anything to these people? We live in a place and a time where the worst run around acting like they own the place and the rest of us are only allowed the pleasure and the privilege of continuing to support them as long as we don’t say “boo” to any of their nonsense.

Comment by Blue Skye
2016-11-29 07:38:18

The massive credit expansion of the past few decades has allowed the USA to raise a bunch of spoiled brats. There will be more tears.

Comment by jerzdebil
2016-11-29 08:27:16

Their disconnect from reality is their biggest problem. Citing Jay-Z’s support of a loser like hiliary as a reason she should have won indicates that your world view is pretty much whatever TMZ is broadcasting. Vapid fools are definitely in for more pain.

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Comment by oxide
2016-11-29 08:45:39

Congress or Trump aren’t doing anything to non-whites (if they are legal). However, there is an element of Trump supporters which are still traditionally haters/racists. They may use the Trump victory as cover to carry out some hate crimes. We have seen very little of that so far.

 
 
Comment by In Colorado
2016-11-29 09:19:08

16:38 “The era of politeness, for progressives, is over.” Chick gives two meddel fangers up.

They don’t seem to grasp that they were the ones who given the meddel fanger.

“Era of politeness”? Are the really that deluded? I guess they consider calling a large portion of the electorate “Deplorable” as being polite. Sheesh, even clueless Romney knew that was best done behind closed doors.

 
Comment by Karen
2016-11-29 22:54:28

For some reason, the Young Turks video is now listed as Private and there’s no way to access it.

I think this is the same video though: https://www.youtube.com/watch?v=l4-5CD5_Z74

 
 
Comment by Raymond K Hessel
2016-11-28 19:36:32

It turns out a major new study recently found that humans eat more bananas than monkeys.

I can’t remember the last time I ate a monkey.

Comment by Professor Bear
2016-11-29 00:45:42

Some folks are into that sort of monkey meat cuisine.

N.Y. / Region
A Taste of Baboon and Monkey Meat, and Maybe of Prison, Too
By ELLEN BARRY
NOV. 17, 2007

It takes strategic thinking to find monkey meat in New York. Best to avoid the word “monkey,” for one thing — start with something innocuous-sounding, like “dry meat,” or common, like “grass cutter,” a rodent similar to the guinea pig. Seek out the proprietors of tiny West African restaurants, or the “bushmeat market queens” who do business out of their homes.

That is, if you can find them. And if they trust you enough to sell it to you.

The market in the United States for bushmeat — that is, the meat of African wild game — is obscured to outsiders and virtually impossible to measure. But most everyone agrees it has grown exponentially in recent decades along with immigration from West Africa, thriving in destination cities like Minneapolis and Atlanta.

 
Comment by MacBeth
2016-11-29 06:00:54

在加州, 我们撒上红糖在猴子的大脑我们吃的。 其填充肚子里和温暖的心。

 
Comment by the spider monkey
2016-11-29 06:48:03

We spider monkeys do not taste good! Leave us alone! :) Go for those silverbacks instead, they have more meat on them.

 
 
Comment by Raymond K Hessel
2016-11-28 19:42:01

Wonder how it feels to live in a condo tower that can be seen sinking from outer space.

https://www.yahoo.com/news/leaning-san-francisco-tower-seen-sinking-space-001653608.html

Comment by 2banana
2016-11-28 21:49:08

It is a feature and will help resale value.

 
 
Comment by phony scandals
2016-11-28 20:41:20

Jill Stein is a Complete Idiot

Paul Joseph Watson
Published on Nov 28, 2016

https://www.youtube.com/watch?v=CEScRn-nPvY

Comment by palmetto
2016-11-28 20:52:34

Heh, just watched that. I don’t get the Castro worship.

Comment by phony scandals
2016-11-28 22:00:42

I just watched O’Rielly , he had a segment on the MSM pushing a rise in white supremacist groups and white hate crimes since Trump was elected.

He shows 3 interviews from working class white people in the Midwest who said things like… I wish we could keep the jobs on our country etc. and O’Rielly says… Come on does that sound like Nuremberg?

Comment by MightyMike
2016-11-29 06:55:45

Speaking of Bill O’Reilly, check him out staring down him a woman on morning TV. It’s reminiscent of a juvenile delinquent teenage boy.

http://www.cbsnews.com/news/im-not-interested-in-this-bill-oreilly-says-about-megyn-kellys-book/

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Comment by phony scandals
2016-11-29 08:33:49

Mikey no Likey?

I thought O’Reilly did well handling the CBS Democratic Party propaganda girls. (Gee how did Gayle King ever get that job)

I’m sure it was easier on him being that their anchor Charlie Rose wasn’t there that day.

https://www.youtube.com/watch?v=jP6l39I47QA

Charlie Rose Runs Away From Bilderberg Questions

 
Comment by MightyMike
2016-11-29 08:50:43

He did well? I guess that it must be very challenging for him to state the fact that he doesn’t want to read a book.

 
Comment by phony scandals
2016-11-29 10:39:33

MightyMike

He said he would look at it, maybe reading a bad book is not on top of his to do list.

OUCH! Megyn Kelly’s Book Reviews Are In…..and they are NOT Good

BY TRUTHFEEDNEWS NOVEMBER 16, 2016

Wow. There has been a lot of hoopla over Megyn Kelly’s new book.

We suspect she conveniently timed the release right after the election hoping for it to coincide with a Hillary Clinton victory and to take a victory lap for radical feminism.

Instead, Donald Trump won and Megyn’s top 5 book reviews on Amazon are pretty much all bad.

http://truthfeed.com/ouch-megyn-kellys-book-reviews-are-in-and-they-are-not-good/36074/

 
 
 
Comment by In Colorado
2016-11-29 14:17:10

Heh, just watched that. I don’t get the Castro worship.

They must be jealous that he could incarcerate and execute his opponents.

 
 
 
Comment by palmetto
Comment by Professor Bear
2016-11-29 00:47:20

What makes you think there is any truth to the story you posted? Doesn’t it seem like fake news?

Comment by palmetto
2016-11-29 08:11:32

“Doesn’t it seem like fake news?”

I think that’s one of the reasons the “fake news” label has been dispensed with such ferocity by the “legacy” media, especially WaPo, to keep a lid on this. Those police sketches came out in 2008, it’s not like they were deliberately mocked up recently to smear the Podesta bros. I have to admit, those pictures do bear an eerie resemblance to the bros. Even more eerie is that they “just happened” to be in the vicinity at the time.

OTOH, the legacy media is beginning to catch on.

http://www.nbcnews.com/news/other/nearly-400-children-rescued-348-adults-arrested-canadian-child-pornography-f2D11599561

Today Canada, tomorrow it’s global!

Oh, and here’s a story, in which is mentioned the friendship between Dennis Hastert and Tony Podesta.

http://www.chicagomag.com/Chicago-Magazine/Felsenthal-Files/June-2015/Dennis-Hastert/

There’s a real problem here, Prof. It needs to come out fully. This human/child trafficking thing is real. I would like to know the extent to which Washington is involved. Look at how long Hastert operated without a whiff of suspicion.

 
 
 
Comment by Raymond K Hessel
Comment by In Colorado
2016-11-29 09:23:03

And those panty waists are gonna lead an anti Trump insurrection?

Comment by MightyMike
2016-11-29 09:44:16

Lefty college kids played an important role in the Civil Rights movement 50 years ago. Quite a few of them gave their lives in the struggle against segregation.

Comment by In Colorado
2016-11-29 10:55:14

I’d say that it was the black folks who bore the brunt of that struggle. I also seem to recall that a lot of those college kids high tailed it off to Canada when they were drafted. Sure, there were a handful who were heroic. But in this age of trigglypuffs and wimpy SJWs I would expect them to scatter like cockroaches should push come to shove.

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Comment by Rental Watch
2016-11-29 13:47:13

Mark Lippert, current ambassador to South Korea, was the guy who advised Obama to oppose the going into Iraq. After we went in anyway, Lippert entered the Navy as an intelligence officer, working with Navy SEALs in Iraq for about a year.

As he says it, he was never really in danger, but wanted to serve his country none-the-less–in a war that he opposed.

I wouldn’t call him a hero (although some might), but what he did definitely showed character.

 
Comment by MightyMike
2016-11-29 14:24:48

I’d say that it was the black folks who bore the brunt of that struggle. I also seem to recall that a lot of those college kids high tailed it off to Canada when they were drafted.

Yes, that’s true. But many of those black people were liberal college students. There also many white kids who went south to work in the movement. The famous case of Schwerner, Chaney and Goodman involved two white kids and a black kid who were killed as a result of their efforts to end segregation.

It’s possible that some of those same students fled to Canada, but the overlap was probably pretty small. If you looked into it further, you’d probably fin that the number of young men who managed to find ways to avoid service, such as Bill Clinton and George W. Bush, was probably much greater than the number who left the country.

 
 
 
Comment by Raymond K Hessel
2016-11-29 17:51:59

They will stamp their little feet, wave their little fists in the air, and wail out their anguish for the world to see on YouTube. Then retreat back to Mommy and Daddy’s basement.

 
 
Comment by MightyMike
2016-11-29 09:41:44

The OSU campus is probably huge. It’s quite possible that the classroom in question was half a mile from the incident. There’s also no mention of anyone wiling in terror.

Comment by phony scandals
2016-11-29 10:46:30

Comment by MightyMike
2016-11-29 09:44:16

Comment by MightyMike
2016-11-29 09:41:44

https://www.youtube.com/watch?v=ss2hULhXf04

 
 
 
 
Comment by 2banana
2016-11-28 21:59:17

Predictions on how the CA housing bubble popping will be cause what laws and taxes to be passed?

It’s for the children…

—-

Democrats Clinch A Supermajority In Both Houses of The California Legislature.
LA Times | November 28, 2016

NOV. 28, 2016. Democrats Clinch A Supermajority In Both Houses of The California Legislature After Josh Newman Wins State Senate Seat

Democrat Josh Newman has defeated Assemblywoman Ling Ling Chang (R-Diamond Bar) to win the race for the 29th Senate District, giving Democrats in the Legislature a two-thirds majority in both houses.

The Associated Press called the race Monday evening for Newman, who had been steadily gaining ground as provisional and absentee ballots were counted over the last three weeks.

Democrats had already secured a supermajority in the state Assembly with the defeat of Republican legislators Young Kim (R-Fullerton), Eric Linder (R-Corona) and David Hadley (R-Manhattan Beach).

With a supermajority, a political party can raise taxes, place measures on the statewide ballot, enact laws immediately with an “urgency” clause and override a governor’s veto.

Comment by MacBeth
2016-11-29 07:19:41

Where do I donate money for Calexit??

Is the push still on to secede? I haven’t heard much recently.

Importantly, will my donations be tax deductible?

Comment by jerzdebil
2016-11-29 08:22:12

But they’ll always have their sunshine (along with the traffic, crime, insane taxes and cost of living, bad air and water quality, etc.) Sunshine!

 
Comment by In Colorado
2016-11-29 09:45:31

<em?Is the push still on to secede? I haven’t heard much recently.

Much like celebrity promises to move to Canada, it’s little more than posturing.

 
 
 
Comment by Raymond K Hessel
2016-11-29 05:20:52

Banksters call for tax on cash withdrawals in the name of fighting tax evasion.

http://www.ekathimerini.com/214090/article/ekathimerini/business/banks-call-for-taxing-cash-withdrawals

 
Comment by Raymond K Hessel
 
Comment by Raymond K Hessel
2016-11-29 05:36:07

It’s not looking good for the globalists of the EU.

http://dollarcollapse.com/currency-war-2/europe-will-devalue-dissolve/

Comment by In Colorado
2016-11-29 09:49:32

They’re soiling their Depends.

 
 
Comment by Raymond K Hessel
Comment by Professor Bear
2016-11-29 08:16:03

We’re all Keynesians now.

Wealth Of Nations
Trump’s Misguided Flirtation with Keynesianism
By Jared Bernstein
November 21, 2016

In 1971, Richard Nixon declared himself a Keynesian, stunning the Democrats across the aisle. Forty-five years later, is our new president-elect trying to send the same message?

Comment by taxpayer
2016-11-29 08:21:19

2nd best thing of 1776
trade is good

 
 
 
Comment by taxpayers
2016-11-29 06:10:11

Mort apps up last week?
10% jump in the 30yr might leave a mark

Comment by Professor Bear
2016-11-29 06:29:03

Wannabe buyers are back to the “gotta buy before rates go up” mindset which we have seen countless times in recent years as rates seemed about to go up, but didn’t.

 
Comment by Old And Dirty
2016-11-29 06:31:43

The only path forward is falling housing prices to dramatically lower and more affordable levels.

 
 
Comment by Professor Bear
2016-11-29 08:09:18

Enjoy your passive run with the bulls while it lasts.


Roberts says we’re seeing the final evolution of the “bull market psychology” as investors give in to the “if you can’t beat ’em, join ’em” mentality. Hence, the spike in “passive investing” interest.

But “there is no such thing as passive investing,” he contends. “While you may be invested in an ‘index,’ when the next bear market correction begins, and the pain of loss becomes large enough, ‘passive indexing’ will turn into ‘active panic.’”

Those planning to hold through the turbulence “will eventually be broken,” according to Roberts. “It is just a function of how much loss it takes to get there.”

There’s a case to be made, of course, that this time is different, considering the impact of central-bank interventions, but “there is plenty of historic evidence that suggests such attempts to manipulate markets are only temporary in nature,” he added.

“Most individuals extrapolate past performance indefinitely into the future and become extremely complacent in managing for risk,” Roberts explained, pointing to the illustration below. “This tendency is what leads investors to buy high and sell low.”

 
Comment by Prime_Is_Contained
2016-11-29 08:32:56

Anecdote, tech & VC related: guy I play with in a sports league just told me the other night that his startup is about to burn through the last of their cash. They have enough for the next payroll, but nothing after that. While the VC money was flowing fast and loose, I’m sure that they would have lined up another round by now.

Interesting times…

Comment by In Colorado
2016-11-29 09:52:41

Suddenly, those “dinosaur” silicon valley stalwarts that actually make real products and hence make money won’t be mocked anymore.

 
Comment by Avg Joe
2016-11-29 10:50:27

I work in Silicon Valley, and this is happening more than is being let on in the media. I’m watching companies quietly conduct “shadow layoffs” in the sense that when people are leaving their roles the companies are not hiring replacements.

Comment by In Colorado
2016-11-29 11:07:34

Reduction through attrition is nothing new. Also, cancelling any open reqs also counts as a shadow layoff. Of course, when things really are bad then there is no recourse other than to let people go.

VC funded startups are going to be a bad place to be in the near future.

 
 
 
Comment by jerzdebil
2016-11-29 08:45:15

So apparently Columbus, OH is a sanctuary city, and the muslim scumbag (getting to be redundant, I know) was attending OSU on the taxpayers dime.

How much are you paying for your kids education, because youre paying for scum like this as well with those insane tuition rates. Probably a 70 IQ, couldnt carry a bucket of water across a room without spilling half of it. But he does know his way around a butcher knife while you’re paying 30-50K a year for little suzie to study 17th century finger painting at the same or similar institution. Good luck with that. Go buckeyes!

Comment by In Colorado
2016-11-29 09:58:59

And don’t forget that admission standards are lowered for these “acts of love”, while more deserving students are pushed aside and told that they are “privileged”. This has become a real issue at the University of California system where Asian American students with perfect credentials are being rejected (because they are “over represented”) in favor of protected class under achievers who will most likely not cut it and drop out.

Comment by MightyMike
2016-11-29 10:10:10

That probably includes some white kids.

Comment by In Colorado
2016-11-29 10:59:35

Yes, white kids were also excluded, but since they weren’t as over represented as the hard working Asian kids, they haven’t been discriminated as much. In other words, a white kid with a 4.0 and excellent SATs has a slightly better chance of being admitted than an Asian kids with the same test scores. But both need much better scores than an applicant from a protected class.

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Comment by MightyMike
2016-11-29 11:06:21

I meant that some white kids probably benefited from the limits put on the Asian-Americans.

But I thought there was some sort of referendum that banned racial quotas and that the Asian portion of the student bodies at UC campuses stored the next year.

 
Comment by phony scandals
2016-11-29 11:20:49

“hard working Asian kids,”

Mighty was talking about those White Privilege kids

White Male Privilege vs Asian Privilege (Gavin McInnes)

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

 
Comment by MightyMike
2016-11-29 11:45:22

I wasn’t speaking about white privilege. If Colorado is correct - “a white kid with a 4.0 and excellent SATs has a slightly better chance of being admitted than an Asian kids with the same test scores” - the issue is something harms Asian kids and benefits a number of non-Asian groups, including whites.

Also, that little YouTube thing packs a lot of nonsense and nastiness into a few minutes.

 
Comment by Blue Skye
2016-11-29 13:30:36

My Engineering school in the 70s had an affirmative action program. They lowered the bar for some minorities that had supposedly come from really crappy high schools. To help them catch up, honor students were recruited to mentor and tutor. I took two Puerto Rican students from the Ironbound District of Newark under my wing. They worked hard and didn’t hate anybody.

 
Comment by MightyMike
2016-11-29 13:33:29

They worked hard and didn’t hate anybody.

That’s nice.

 
Comment by phony scandals
2016-11-29 16:12:46

“Also, that little YouTube thing packs a lot of nonsense and nastiness into a few minutes.”

Such as?

Gavin McInnes vs. Feminist Full

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

 
Comment by MightyMike
2016-11-29 16:37:23

The first words out of his mouth are something like, “The dominant narrative in America is that white people are evil, white people suck.” This is false. I never hear anyone say anything like that.

 
 
 
 
Comment by oxide
2016-11-29 11:01:57

Ohio State is $25K/year all included, for in-state students. Much more than I thought.

 
 
Comment by PoohEmoji
2016-11-29 09:01:05

Report: SoCal to build more housing in ‘17

http://www.sandiegouniontribune.com/business/real-estate/

“San Diego County homeowners saw some of the biggest home value increases in Southern California in the last year, while landlords benefited from some of the lowest rental vacancy rates in the region, said a detailed industry report released Sunday.

While high demand for housing propelled prices higher, industry leaders expect more construction of residential units in 2017 than this year, said the third quarter report from the nonprofit Real Estate Research Council of Southern California.”

Comment by Old And Dirty
2016-11-29 10:03:41

“The Real Estate Research Council of Southern California”

LOL

 
 
Comment by Justme
2016-11-29 13:26:54

How can Calgary have only 36,500 apartments (and 2500+ vacant apartments )in October? Calgary has a population of 1,235,171?

Something is not right about these numbers. Perhaps they are only for a very limited downtown area and not the whole metro?

For the numbers to correct the home ownership rate would have to be above 90% unless a very large fraction of renters live in rented houses and not rented apartments.

My guess is that the numbers are for downtown only.

Wikipedia: In 2012, the combined population of the downtown neighbourhoods (including the Downtown Commercial Core, the Downtown East Village, the Downtown West End, Eau Claire, Chinatown, and the Beltline) was 36,228. However, looking at all of the inner-city neighbourhoods, the combined population was 179,304.[171]

 
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