November 29, 2016

Overpriced Homes With Inflexible Sellers Will Sit

A report from the Boston Globe in Massachusetts. “The epic building boom that has added thousands of luxury housing units in the Boston area may have peaked, as a report to be released Tuesday by an influential foundation suggests the region has run out of customers willing to shell out huge sums in monthly rents. The Boston Foundation says the number of permits for new housing units issued in Eastern Massachusetts is expected to fall by nearly 20 percent this year, the first decline since the most recent surge of construction began in 2011. Housing specialists attribute the drop-off to the higher end of the housing market, where units can rent for $3,000 a month or more in and around Boston.”

“‘We’ve satisfied very-high-end demand, and so the number of luxury buildings is slowing down,’ said Barry Bluestone, a housing economist at Northeastern University and author of the Boston Foundation report. ‘We haven’t seen much [building for] the middle and lower ends of the market.’”

The Madison Park Times in Washington. “The year 2016 is one for the record books. Home values saw double-digit appreciation in 2016, with the median home price in King County up 14.6 percent, according to the Northwest Multiple Listing Service. It’s not just Seattle that’s experiencing soaring home prices. All across Washington, home prices are rising faster than in any state in the country. Amidst all the record-setting positive news, there is reason for caution on horizon. The latest jobs estimates suggest the economy may be slowing down.”

“‘What concerns us is the fact that three of the five key industries appear to be applying the brakes,’ according to Seattlebusinessmag.com. ‘Aerospace and information (including software) contributed 2,000 jobs during the three-month period, but construction, wholesale and retail trade, as well as professional and business services, which have a combined workforce of 689,800, added nothing.’”

“Metrostudy’s second quarter 2016 survey of the Seattle housing market shows that the first signs of the slowdown have begun to show up: slowing job growth along with a dramatic change in migration numbers. ‘The state’s in-migration has hit negative numbers for the first time in over four years,’ said Todd Britsch, Regional Director of Metrostudy’s Seattle region. Anecdotally, I’m seeing fewer bidding wars. More surprising, I’m noting a number of price reductions on listed homes.”

The North Bay Business Journal in California. “The residential real estate market in Marin, Napa and Sonoma counties is decelerating and showing signs of fatigue after five consecutive years of growth, according to a new survey of market data. Single-family home and condominium sales in the three North Bay counties seem to have plateaued, and the forecast for 2017 is for home and condo sales to remain flat with a chance to actually decline in some micromarkets, according to Terra Firma Global Partners, a residential real estate services firm with nine North Bay offices.”

“During the first nine months of this year, 15 percent fewer homes and condos traded ownership in Marin County, 5.3 percent fewer in Sonoma and 9.6 percent fewer sales occurred in Napa, compared with the first nine months of last year. 2017 could be a good year to start ‘taking some chips off the table,’ particularly if the goal is to downsize in the next couple of years, according to Terra Firma Global Partners senior associates Jaime Pera in Marin. ‘Homes that are overpriced with inflexible sellers will sit and likely end up selling for less than if they had been priced correctly in the first place,’ Pera wrote.”

The Real Deal on New York. “This week, the biggest price reduction on a luxury property was at the 740 Park Avenue duplex where a young Jacqueline Bouvier lived with her parents in the 1930s. Last week, the Rosario Candela-designed duplex was slashed from $32.5 million to $29.5 million, a reduction of 9 percent. In total, four properties in the over-$10 million market were discounted by more than 5 percent in the period from Nov. 11 through Nov. 21, according to data provided by StreetEasy.”

“740 Park Avenue, 6/7A: The owner of this palatial duplex, Hedge fund manager David Ganek, had high hopes that this property would fetch top dollar. In 2014, not long after Ganek dropped $28 million on a condominium in Soho, the financier and his novelist wife Danielle listed the duplex for $44 million. But apparently buyers weren’t moved by the co-op’s links to Jackie O, at least not enough to shell out $44 million. In April, the price was dropped to $32.5 million. It was reduced again last week, and is now asking $29.5 million.”

“20 West 53rd Street, Apartment 47: This four-bedroom pad was listed in December 2014 for $27 million. In August, the listing was taken from Corcoran and given to Douglas Elliman, and the asking price was slashed to $23.8 million. Last week, the property was discounted again, this time by 8 percent. The apartment, which spans 4,557 square feet, is now asking $22 million.”

“980 Fifth Avenue, apartment 18A: First listed back in April for $12.9 million, the property has already received two price reductions. The current asking price is $11.2 million, a 6 percent reduction from its previous asking price of $11.9 million. Property records shows Romain Hatchuel to be the current owner. Hatchuel, a native of France, paid $7.5 million for the apartment in 2011.”




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95 Comments »

Comment by Ben Jones
2016-11-29 10:17:45

‘First listed back in April for $12.9 million, the property has already received two price reductions. The current asking price is $11.2 million, a 6 percent reduction from its previous asking price of $11.9 million. Property records shows Romain Hatchuel to be the current owner. Hatchuel, a native of France, paid $7.5 million for the apartment in 2011.’

These numbers are just made up bubble prices. There’s no telling how far down they could go. Well, the article yesterday said the asking is down 50% in some cases.

Comment by In Colorado
2016-11-29 11:20:37

Agreed, they just figured that massive appreciation was baked in the equation. Now, just as it happened last time, many will chase prices down instead of just lowering it enough now and unloading the thing before prices really drop. But just as back then, they just “refuse to give it away”

 
Comment by Jim A.
2016-11-30 09:17:35

Price it well, it will sell
Price to high, wait and sigh.

 
 
Comment by Ben Jones
2016-11-29 10:19:56

‘The state’s in-migration has hit negative numbers for the first time in over four years,’ said Todd Britsch, Regional Director of Metrostudy’s Seattle region. Anecdotally, I’m seeing fewer bidding wars. More surprising, I’m noting a number of price reductions on listed homes.’

And just in time for many thousands of housing units to be delivered. Developers almost always overshoot.

Comment by In Colorado
2016-11-29 11:23:12

Developers almost always overshoot.

AKA fear of missing out. No one wants to be the schmuck at the cocktail party who gets laughed at because he bailed out too soon and left wads of cash on the table.

Comment by taxpayer
2016-11-29 13:19:38

how long does it take from plan to zoning to permitting to delivery

2 years, 3 ?

Comment by In Colorado
2016-11-29 14:04:14

Depends on the locale. Some are more builder friendly than others.

Also, in my neck of the woods, most mom-n-pop builders buy individual lots that have already been subdivided, as opposed to subdividing themselves. I have seen them build a house in 4-5 months.

Bigger developers do their own subdividing out here. There were quite a few unsold lots leftover from the previous crash, and there are still a few available. There have been predictions that Fort Collins was going to “run out of lots” in the immediate future, and I have no idea if that is still in the cards.

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Comment by Puggs
2016-11-29 15:16:03

…and being to late they’ll bring money to the table.

 
 
Comment by GuillotineRenovator
2016-11-29 14:12:29

“‘The state’s in-migration has hit negative numbers for the first time in over four years,’”

How about just calling it what it really is - out-migration. Or, simplified even further - people are leaving Washington because it’s overpriced and they want a higher standard of living which can easily be found elsewhere.

 
 
Comment by palmetto
2016-11-29 10:38:45

Holy Jeebus, he’s having victory rallies now? LOL!

https://www.donaldjtrump.com/schedule/

Smart move. Taking it to the people was what got him there, and taking it to the people will keep him there. Plus he probably wants to take a break from all the court intrigue.

Comment by new attitude
2016-11-29 12:27:04

Smoke and mirrors…

HRC - no jail
ACA - keeping pre-existing and 26 yr olds
Hiring Swamp monsters
Wall? lol!

close your eyes and pray

Comment by Ben Jones
2016-11-29 12:40:54

Sell Butthurtistan to Mexico and cut off their water.

Comment by new attitude
2016-11-29 13:21:12

CA has a $2.8 billion surplus.

pretty…., pretty,,,, good…. LD

Maybe AZ can get a loan to help beef up the border.

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Comment by In Colorado
2016-11-29 14:05:15

They do now. It wasn’t that long ago when it was a very different story.

 
Comment by mcbain!
2016-11-29 14:41:03

Special kind of stupid to not figure out that that surplus is overpriced stock profits from fake social media companies, many of whom never made a dime as well as - I dont know - maybe a yyyuuuuuuggggeeee real estate bubble?

It was the best of times, it was the worst of times should be that states motto.

 
Comment by new attitude
2016-11-29 14:55:45

rainy day surplus!

 
Comment by JQ
2016-11-30 00:52:30

With 400 billion in debt and unfunded liabilities that 2.8 billion is a monthly payment.

 
 
Comment by GuillotineRenovator
2016-11-29 14:14:23

Who is this “new attitude” troll? Is it somebody who was previously posting under another moniker?

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Comment by new attitude
2016-11-29 14:58:24

I like the fresh contrarian POV.

 
Comment by new attitude
2016-11-29 15:09:31

Old timer, been here since “got popcorn” and the lady who got mauled by the bear.

 
Comment by Raymond K Hessel
2016-11-29 17:57:27

The lady who got mauled by a bear is Ahansen. And she’s remembered more in here for her insightful comments than from being mauled by a bear.

 
Comment by Blue Skye
2016-11-29 18:46:10

I doubt anyone following here back then would refer to ahansen as “the lady who…”

 
Comment by new attitude
2016-11-29 21:53:36

I did not follow her, just this forum off and on since I bought my first place in 2003.

 
 
Comment by Rusty1014
2016-11-29 16:02:00

They don’t have a surplus, they just decide what not to count, like the massive un-funded pension and healthcare liabilities. Surplus, what a joke.

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Comment by new attitude
2016-11-29 17:53:40

http://www.ocregister.com/articles/budget-735700-analyst-billion.html

Gotta love the fiscal conservative in office. The last clown, Arnold, was too busy looking for new maids.

 
Comment by Karen
2016-11-29 22:12:16

They don’t have a surplus, they just decide what not to count, like the massive un-funded pension and healthcare liabilities. Surplus, what a joke.

That’s exactly it. The elephant no one wants to talk about, except when they claim it will be “inflated away” (which cannot happen with ever-increasing future liabilities).

 
 
Comment by Bubblebot
2016-11-29 18:35:18

“Sell Butthurtistan to Mexico and cut off their water.”

Creating a common sense perma-majority and making us
immediately Great Again. I’m going to go turn the sprinklers on.

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Comment by aqius
2016-11-29 10:41:38

empty units = crybabies actually following through on temper tantrum threats to move to Canada?

still waiting, Lena.

hypocrite

 
Comment by aqius
2016-11-29 10:44:01

and all you other mouthy celebrities.
come on: put up or shut up

hypocrites

Comment by mcbain!
2016-11-29 16:21:20
 
 
Comment by Dandroidz
2016-11-29 10:45:16

This one home on the way to the gym in my town has been sitting for about 8 weeks now. I watched them do typical treatment, fresh coat of paint, new door, clean up windows/trim…$495,000 for a 1880 colonial. LOL~~~Massachusetts is so drunk stupid. Tax assessment for $325,000 as of 2014. I cant wait to leave.

Comment by Old And Dirty
2016-11-29 10:48:28

Why bother when you can build it new for less than half that amount?

 
 
Comment by aqius
2016-11-29 10:56:04

home sales in my neck of the woods have come to a screeching halt in the last 3 months.

Citrus Heights, CA - Tempo Park area

(cue H.A. for “Citrus Heights home sales down 20%”)

Comment by Old And Dirty
2016-11-29 10:59:37

We know organic demand is at 20 year lows. What is your point?

 
Comment by GuillotineRenovator
2016-11-29 14:16:43

Where’s Jingle Fail to tell us of mushrooming prices and infinite demand for shacks in the Sac foothills where $15 per hour is a great job?

Comment by Jingle Male
2016-11-30 05:26:39

“The median home value in Citrus Heights is $279,900. Citrus Heights home values have gone up 9.9% over the past year and Zillow predicts they will rise 5.4% within the next year.”

It sounds like Citrus Heights is in the middle of a C-R-A-T-E-R……

N-O-T. HA!

Comment by rms
2016-11-30 08:16:27

Are wages going up there?

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Comment by Jingle Male
2016-11-30 08:31:19

Yes and employment is increasing. More work than workers available.

 
 
 
 
Comment by Jingle Male
2016-11-30 05:23:25

I am right here…..and here is your market trend report….

http://www.zillow.com/citrus-heights-ca/home-values/

The overall market here is quite healthy. I have people calling me asking if I have any houses to rent because their friend cannot find a place. It is pretty tight for rentals and everything listed for sale under $400,000 is moving.

Comment by Karen
2016-11-30 11:32:18

Yeah, here’s Jingle Fraud again with his false claims

https://snag.gy/m5EzRB.jpg

If you go to the Zillow link Jingle provided and try to select Median Sale Price, you can’t. No data available, only Zillow’s fake projected home “values”.

 
 
 
Comment by new attitude
2016-11-29 11:00:45

Car sales peaked, home sales peaked, DOW has peaked…. where do we put our extra cash these days? So boring to just save it at 1%.

Comment by Dandroidz
2016-11-29 11:45:37

Oil peaked. Gold hasn’t peaked. Lol. Not a gold bug by any means, but I believe this to be true.

Comment by new attitude
2016-11-29 12:28:43

the entire U.S. financial system is one gigantic Ponzi scheme, gold included.

 
Comment by Jingle Male
2016-11-30 05:28:10

Gold hasn’t peaked? $1900 to $1200 and falling?

 
 
Comment by taxpayer
2016-11-29 13:21:29

sht, you’re getting 1%?
where

Comment by new attitude
2016-11-29 14:56:47

Best national 1-year CD rates pay 1.30%

 
Comment by Interested Observer
2016-11-29 17:23:29

Discover Bank pays around 1% for savings accounts.

 
 
 
Comment by new attitude
2016-11-29 11:33:31

Bigger gov, less freedom…

President-elect Donald Trump on Tuesday floated potential legal consequences for flag burning, which the Supreme Court has previously ruled is a legally protected form of speech.

Comment by CHE
2016-11-29 13:03:52

He’s trolling.

It’s working.

Comment by new attitude
2016-11-29 13:15:44

He does get a lot of attention, that is for sure.

 
Comment by MightyMike
2016-11-29 13:37:14

That’s what people are saying. His HHS guy wants to gut Medicare. Trump will distract everyone by going crazy on Twitter.

Comment by phony scandals
2016-11-29 16:41:17

“That’s what people are saying.”

Which people?

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Comment by Apartment 401
 
Comment by MightyMike
2016-11-30 06:44:19

Newt Gingrich explains how Trump feeds media false narratives to distract from real stories

“It’s better off for him to give them a rabbit than for [the media] to go find their own rabbit.”

President-elect Donald Trump’s fondness for giving credence to false narratives is part of a “creative” process to divert away from real news stories, transition advisor Newt Gingrich revealed Tuesday.

During an interview with Fox News, former House Speaker Gingrich said that Trump’s success on the show The Apprentice taught him how to play up the “tension” and “showmanship” surrounding his incoming presidency.

Gingrich explained that Trump diverts the media with “rabbits,” or unimportant stories to throw them off from pursuing real stories. As an example, Gingrich referenced the media’s five or six day long focus on Trump’s irritation and possible internal feud with adviser Kellyanne Conway’s over her critical remarks about Mitt Romney’s potential nomination as U.S. Secretary of State.

“[The Apprentice] was a remarkably popular show,” Gingrich told Fox News host Jenna Lee during the interview. “[Trump] understands the value of tension. He understands the value of showmanship. And candidly, the news media is going to chase the rabbit. So it’s better off for him to give them a rabbit than for them to go find their own rabbit. He’s had them fixated on Mitt Romney now for five or six days. I think from his perspective, that’s terrific. It gives everyone something to talk about.”

“He does not think of this as chaos. He thinks of this as creativity,” Gingrich added.

https://thinkprogress.org/gingrich-trump-rabbit-a1cee3558a3c#.ikgivqv6k

 
 
 
 
Comment by Old And Dirty
2016-11-29 15:32:26

Nobody knows how to troll like Donald Trump. Nobody.

Comment by phony scandals
2016-11-29 16:20:49

“Nobody knows how to troll like Donald Trump. Nobody.”

Is that President-elect Donald Trump you are talking about?

https://www.youtube.com/watch?v=oC837oh98_Y

 
 
 
Comment by Ben Jones
2016-11-29 12:22:24

Denmark picks eurosceptic as foreign minister

They can’t call him far right because he’s in the Liberal Alliance party.

Comment by Jesus Navas is my Lord Savior
2016-11-29 13:31:16

Far wrong? LOL

Comment by Jingle Male
2016-11-30 05:29:40

+1

 
 
 
Comment by new attitude
2016-11-29 12:51:28

Trump gets elected and Ohio happens.

Comment by phony scandals
2016-11-29 16:22:02

How is the TV?

Comment by new attitude
2016-11-29 18:19:14

Great pic and new Polk fronts. Amazing difference in sound! Makes me want to listen to CD’s again.

Hell or High Water is a great film! http://www.imdb.com/title/tt2582782/

Comment by phony scandals
2016-11-29 18:25:41

Glad to hear it.

Enjoy!

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Comment by Sean
2016-11-29 14:29:16

The SFH for sale inventory in my neighborhood just doubled, from 2 to 4. The two that were added were priced lower than the current two for sale, both comparable sizes and amenities.

One of the older houses listed dropped its price from 630K to 580K, and one of the new houses listed just down the street for 530K. The 530K house is much nicer IMO (Bigger garage, finished in law suite downstairs and the deck really is nice!)

I know two and four are extremely small sample sizes, but I think it shows both the direction of sales around the area (down) and future sales expectations (lower)

Comment by new attitude
2016-11-29 15:21:17

2008 all over again… fighting to get out in front and price it lower…

 
 
Comment by mcbain!
2016-11-29 14:48:53

Interesting video on China RE and its tragedy of the commons culture
https://www.youtube.com/watch?v=o9eXi3RL8q4

 
Comment by Sacks of Dong
2016-11-29 14:50:01

according to Terra Firma Global Partners senior associates Jaime Pera in Marin. ‘Homes that are overpriced with inflexible sellers will sit and likely end up selling for less than if they had been priced correctly in the first place,’ Pera wrote.”

Translation: Jaime, the used house salesman parasite wants his commission nao!
Also “Global Partners” is a stupid name for a pack of slavering Realtors who only operate in Marin, Napa, and Sonoma.

Comment by rms
2016-11-29 19:22:28

“Translation: Jaime, the used house salesman parasite wants his commission nao!”

LOL… you’re exactly right.

 
 
Comment by Old And Dirty
2016-11-29 15:09:46

crushing_housing_losses

 
Comment by Ethan in Northern VA
2016-11-29 16:17:12

Here in Northern Virginia a townhouse just came on market in my neighborhood. Sniffing around it a bit. It’s being sold by the bank, apparently the prior owner paid $625K then defaulted. Bank is looking for $500K. The bank has been sitting on it a while. Comps were $440K then maybe $540K (both similar end units), both bought by Indian families or something. No idea why the 2nd would pay that much more than the first, or that much at all but it definitely sucks.

My problem is I plan to switch jobs, so no idea where the next job will land me. Also need to try to get a $30K+ salary bump in there. That will still leave it difficult to afford anything.

Comment by Old And Dirty
2016-11-29 16:20:32

Rent it for half the monthly cost. Buy later after prices crater.

 
Comment by taxpayers
2016-11-29 16:28:44

I’m in n va and the recent rate hike and potential trump rif action is freezing the market

 
Comment by Zack
2016-11-29 16:57:33

Feels like 05/06 here in NOVA to me…i have seen houses sell but the price is getting a big pressured now. Now we’ll have to see what the next rate increase does for the market.

 
 
Comment by new attitude
2016-11-29 16:27:52

“Everyone is entitled to his own opinion, but not to his own facts.”
-Daniel Patrick Moynihan.

Sometimes the facts sound like the “mainstream media bias.” But it’s not bias. It’s facts.

Comment by Neuromance
2016-11-29 17:15:46

Sometimes it is. Sometimes it isn’t. Wisdom is knowing the difference.

 
 
Comment by phony scandals
2016-11-29 16:39:00

California regulates cow farts

By Associated Press September 21, 2016

The law also allows the Air Resources Board to regulate cow flatulence if there’s viable technology to reduce it.

“With these bold and ambitious goals, we’ll continue to set the standard for climate policy worldwide,” Lara said in a statement.

http://nypost.com/2016/09/21/it-will-soon-be-illegal-for-cows-to-fart-in-california/

Comment by MightyMike
2016-11-29 17:14:03

The good news is that the means may be available soon.

Feeding cows seaweed could slash global greenhouse gas emissions, researchers say

Seaweed could hold the key to cutting greenhouse gas emissions, one cow burp at a time.

New research carried out in north Queensland could drastically reduce the impact the agricultural industry has on the global environment.

Professor of aquaculture at James Cook University in Townsville, Rocky De Nys, has been working with the CSIRO studying the effects seaweed can have on cow’s methane production.

They discovered adding a small amount of dried seaweed to a cow’s diet can reduce the amount of methane a cow produces by up to 99 per cent.

http://www.abc.net.au/news/2016-10-19/environmental-concerns-cows-eating-seaweed/7946630

Comment by new attitude
2016-11-29 17:58:38

know one believes science.

 
Comment by palmetto
2016-11-29 18:39:46

“They discovered adding a small amount of dried seaweed to a cow’s diet can reduce the amount of methane a cow produces by up to 99 per cent.”

Could that work for humans?

Comment by MightyMike
2016-11-29 19:48:48

The article didn’t say, but cows have a digestive system which is very different from that of humans.

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Comment by phony scandals
2016-11-29 20:20:18

“They discovered adding a small amount of dried seaweed to a cow’s diet can reduce the amount of methane a cow produces by up to 99 per cent.”

Not another load of 99 per cent BS

Climate Report to UN: Trump right, UN wrong – Skeptics Deliver Consensus Busting ‘State of the Climate Report’ to UN Summit

Nov 15, 2016

‘All of the so-called ‘solutions’ to global warming are purely symbolic when it comes to climate. So, even if we actually faced a climate catastrophe and we had to rely on a UN climate agreement, we would all be doomed!’

University of London professor emeritus Philip Stott: “The fundamental point has always been this. Climate change is governed by hundreds of factors, or variables, and the very idea that we can manage climate change predictably by understanding and manipulating at the margins one politically selected factor (CO2) is as misguided as it gets.” “It’s scientific nonsense,” Stott added.

Very prominent scientists are bailing out of the so-called “consensus.”

Renowned Princeton Physicist Freeman Dyson: ‘I’m 100% Democrat and I like Obama. But he took the wrong side on climate issue, and the Republicans took the right side’

Nobel Prize-Winning Scientist Dr. Ivar Giaever, Who Endorsed Obama Now Says Prez. is ‘Ridiculous’ & ‘Dead Wrong’ on ‘Global Warming’

Green Guru James Lovelock reverses belief in ‘global warming’: Now says ‘I’m not sure the whole thing isn’t crazy’ - Condemns green movement: ‘It’s a religion really, It’s totally unscientific’

http://www.climatedepot.com/2016/11/15/skeptics-deliver-2016-state-of-the-climate-report-to-un-summit-everything-you-been-told-about-global-warming-is-wrong/

 
 
 
 
 
Comment by new attitude
2016-11-29 17:57:36

Another swamp monster on the team, she was with Bush ( lab sec) all 8 yrs.

NEW YORK — President-elect Donald Trump has picked Elaine Chao to become transportation secretary, a Trump transition official said Tuesday.

In 2013 — 20 years after Chao and McConnell married — McConnell’s financial disclosure reports indicated he and Chao were worth as much as $37 million because of her inheritance.

more jobs to China…

Comment by Raymond K Hessel
2016-11-29 18:10:44

Who were you expecting him to pick, Hank from Cleveland? Even given the epic incompetence of G.W. Bush, he had some capable people filling some positions (but surrounded himself with a neocon cabal that let AIPAC dictate our foreign policy).

Comment by new attitude
2016-11-29 18:20:53

his words, “drain the swamp.”

I drank the cool aid, I guess. I was hoping jobs for Americans.

Comment by MightyMike
2016-11-29 19:49:58

1) build the wall
2) lock her up
3) drain the swamp

all promises that will be broken

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Comment by Old And Dirty
2016-11-29 20:55:37

It’s gonna be a (sch)long 8 years for you Snowflake.

 
Comment by new attitude
2016-11-29 21:05:24

already broken in first two weeks. fun to dog this orange chump for 4 yrs.

 
Comment by MightyMike
2016-11-29 21:27:49

Don’t count on it. He may get bored after a year or two.

And the whole snowflake thing is interesting. The idea is that every snowflake is unique. That’s not you. There are millions exactly like you. You haven’t got an original thought in your head.

 
 
 
 
Comment by Karen
2016-11-29 22:24:09

NEW YORK — President-elect Donald Trump has picked Elaine Chao to become transportation secretary, a Trump transition official said Tuesday.

In 2013 — 20 years after Chao and McConnell married — McConnell’s financial disclosure reports indicated he and Chao were worth as much as $37 million because of her inheritance.

more jobs to China…

Your logic is impeccable

 
 
Comment by Raymond K Hessel
2016-11-29 18:04:31

The Keynesian fraudsters running our central banks for the exclusive benefit of a corrupt and venal .1% in the financial sector will never cease to come up with inventive excuses for not raising interest rates (and to keep bilking savers and the responsible out of interest income).

http://www.telegraph.co.uk/business/2016/11/28/rate-hike-now-would-cost-200000-jobs-says-bank-england-policymaker/

 
Comment by Raymond K Hessel
Comment by rms
2016-11-29 19:27:25

Oh no… have to get a job? The humanity!! [sob]^3

Comment by new attitude
2016-11-29 21:02:59

Do you think these millions of unemployed zombies have a chance at employment? They have no skills, no education and no teeth. You hire one first.

Comment by Raymond K Hessel
2016-11-29 22:12:28

It’s a parody video, Corky.

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