December 17, 2016

Irrational Legacy Pricing Behaviors

A report from the Naples Daily News in Florida. “In November the Naples area saw a year-over-year drop in the median price paid for home resales — the first time that’s happened all year. In November the median price for single-family homes fell 7 percent to $397,000, down from $426,000 a year ago. In the condominium market, there was a 3 percent drop to $251,000 — from $258,000 last year. More sellers entered the Naples market in November, with home inventory increasing 40 percent over last year. There were 5,733 properties listed, compared to 4,095 last year. From October to November, another 300 properties hit the market.”

“There is now a more than eight-month supply of existing homes available. A year ago, there was a little more than a fourth-month supply, said Cindy Carroll with Carroll & Carroll Inc., a Naples-based real estate consultant and appraisal firm. ‘Rising inventories require properties to be appropriately and competitively priced in order to achieve a sale,’ she said. ‘Overpriced properties tend to languish on the market, contributing to an oversupply condition.’”

“One obstacle continues to be what broker analysts describe as ‘irrational legacy pricing behaviors,’ with some sellers asking too much for their homes when buyers have plenty of other more affordable options to choose from. ‘The number of properties selling in under 30 days is increasing, while those in the 30- to 90-day and 90-day-and-up segments are stagnant,’ said Jeff Jones, managing broker at the Naples-Park Shore office of Coldwell Banker. ‘This tells me that there are still properties improperly priced out there.’”

The New York Times. “Things are getting choppy in New York’s once-rocketing residential real estate market. Last week, the developers of what was planned as the city’s tallest tower outside of Manhattan gave up and sold their site next to the historic clock tower building in Queens Plaza to the Durst Organization for $173.5 million. The developers, Kevin Maloney and Kamran Hakim, spent nearly three years buying land in Long Island City for the $750 million skyscraper. But, Mr. Maloney said in an interview this week, ‘we didn’t have the horsepower to get it done.’”

“Mr. Maloney, who sold the Queens clock tower site, is completing another, 45-story building in Queens Plaza. But his acquisition loan was coming due on the clock tower project. And he was unable to get a construction loan after spending almost $160 million unless he put in more equity, so he decided it was best to sell. ‘There’s no denying the high-end market has slowed down,’ he said. ‘The good news is that land prices should start coming down.’”

From Property Wire on California. “The first interest rate rise in the United States for a year could hit the housing market in California where there are already signs of the real estate sector cooling, new research suggests. The property market in California have been regarded as overheating for a while with house prices falling in some locations such as San Jose which has seen values fall for the first time since 2011. According to the latest analysis report from real estate firm Clear Capital San Jose, one of the nation’s previously top performing housing markets, is reporting negative quarterly price growth for the first time in five years.”

“And there could be further cooling as, although it is only the second interest rate rise since the downturn in 2008, the US Federal Reserve has indicated that three more rate rises can be expected in 2017, meaning home loans are set to become more expensive. If the market climate of San Jose is any indication of what is in store for other high priced Californian markets, more cities may dip into the red during 2017, according to Alex Villacorta, Clear Capital vice president of research and analytics.”

“‘San Jose going negative over the last quarter is a huge deal, although no surprise given that growth in this market, and the Bay Area region as a whole, has greatly slowed over the last couple of years,’ said Villacorta. ‘Rapid price growth combined with lagging, sticky income levels quickly pushed home prices out of the affordable range for a majority of home buyers.’”

The Portland Tribune in Oregon. “Rents have gone down more than half a percentage point in Portland since last year, after flattening out in the past few months, according to a report released by Apartment List this month, showing rents fell for three straight months in 55 of the top 100 cities. Apartment List calculates rent growth on a same-unit basis. ‘What that means is for a unit that is available during this time period last year, and the time period this year, the rent they’re asking for is actually less than what they were asking last year,’ said Andrew Woo, Apartment List’s director of growth and data science.”

“The rule of thumb says people should spend 30 percent or less of their income on housing. People who spend more than that are considered ‘cost-burdened,’ because at that level it’s difficult to afford healthcare or put money into savings. ‘Nationwide, this has gone up in recent years,’ Woo said. ‘In Portland, it actually went down from 2014-2015.’”

“In 2014, 54 percent of renters in Portland were cost-burdened. In 2015, it dropped to 50 percent. ‘It’s a significant drop. That compares to a nationwide average of right around 50.6 percent,’ Woo said. ‘But it’s a nice little drop, from slightly below the nationwide average from the year before.’”




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192 Comments »

Comment by Ben Jones
2016-12-17 07:38:23

‘The Four Rivers Association of REALTORS® has recently released their market report for November 2016 and San Marcos’s market is staying relatively steady, despite a slight dip. The number of closed homes decreased, as compared to this time last year, but the market still saw 17 listings closed in the month.’

‘Home prices decreased slightly, as well. The median home price was down by 11%, as compared to November 2015, to $221000.’

‘Inventory levels in New Braunfels, San Marcos, and Seguin remained well-fixed within seller’s market territory. In November 2016, the available housing inventory* in San Marcos decreased .1 months to 3.5 months. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.’

‘Homes in San Marcos, spent an average of 112 days on the market during the same time frame, 40 days longer than in November 2015. The number of active listings boosted slightly with 135 active listings in November 2016. With new housing projects coming online in San Marcos, we anticipate seeing this number stay on the positive side.’

‘November 2016 Statistics – San Marcos – As compared to November 2015 (YOY)”

· 17 – Homes sold, 19.1 percent decrease YOY

· $221000 – Median price, 11 percent decrease YOY

· 3.5 – Monthly housing inventory, .1 months less YOY

· 112 – Average number of days homes spent on the market, 40 days more YOY

· 135 – Active listings, 11.6% more YOY’

This has been the fastest growing market in Texas for years. Not oil related at all.

 
Comment by Raymond K Hessel
2016-12-17 07:42:30

‘Rising inventories require properties to be appropriately and competitively priced in order to achieve a sale,’ she said. ‘Overpriced properties tend to languish on the market, contributing to an oversupply condition.’”

I bet she looks good in her Captain Obvious costume.

Comment by rms
2016-12-17 10:49:45

That’s quite a facade on that house. How does this new construction “weather the years” in Florida’s climate?

Comment by megamie
2016-12-17 16:19:47

the power wash business is big in Florida

Comment by palmetto
2016-12-17 17:56:10

Wow, now that you mention it, that is sooo true. It’s YUUUGE.

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Comment by Raymond K Hessel
2016-12-17 07:45:23

“One obstacle continues to be what broker analysts describe as ‘irrational legacy pricing behaviors,’ with some sellers asking too much for their homes when buyers have plenty of other more affordable options to choose from.”

Wait a minute. Wut happened to “buy now or be priced out forever”?

I can’t wait to tell some FB: “Please stop exhibiting such irrational legacy pricing behavior” when they reject my lowball offer.

 
Comment by Raymond K Hessel
2016-12-17 07:49:49

Foreigners are dumping US debt. Who is going to finance our deficits?

http://wolfstreet.com/2016/12/15/foreigners-dump-u-s-treasurys-as-never-before/

Comment by In Colorado
2016-12-17 09:13:06

If they are selling their bonds, that means that someone is buying them, and not just the Federal Reserve.

When they try to sell those bonds, and there are no buyers who will pay the face value, then you start worrying. But for the time being, US Treasuries are still close to the equivalent of cash, and for good reason.
We are the safe haven during these troubled times, especially after Trump is sworn in. You don’t expect investors to buy Chinese, Mexican, Brazilian, French, Portuguese, Russian or Italian bonds, do you?

Comment by PitchforkPurveyor
2016-12-17 12:31:43

We’re the top of the food chain, and there’s nothing to suggest that’s going to change anytime in the next few decades. We’re the best of the worst. The entire world is a cheap money lie.

 
 
 
Comment by Ben Jones
2016-12-17 07:51:50

‘More sellers entered the Naples market in November, with home inventory increasing 40 percent over last year. There were 5,733 properties listed, compared to 4,095 last year. From October to November, another 300 properties hit the market.’

‘There is now a more than eight-month supply of existing homes available. A year ago, there was a little more than a fourth-month supply’

Reports have been slipping out of Naples of builders undercutting recent buyers. This price drop doesn’t include the free pools, etc, that we’ve heard about in the past few months.

Comment by alphonso bedoya
2016-12-17 14:38:25

I’m familiar with Naples and the coastal rel estate north to Bradenton. Michael Saunders is a dominant agency and their game plan is a simple one. They list high and then wait for the seller to buckle under after six months. At that time properties are reduced by nearly one third or taken off the market only to be reintroduced again two months later. Without Zillow none of this would be noticed. With few exceptions everyone is in in the trade. Retired dentists, body builders, tennis coaches, cake decorators….and the only sport that is played among these aging folk is FEUDING.
Too much money and too much time creates these environments. The police and fireman game the city municipalities. One of the policeman told me details that would send people to jail. “Seasonal use and ownership makes it all possible.”

Comment by palmetto
2016-12-17 18:24:40

heh, tell me about it. All the conflicts start when the snowbirds come back to the hood. The rest of the year, year-rounders stay in the AC, work, live and mind their own business.

 
 
Comment by Professor Bear
2016-12-17 15:13:42

“In November the Naples area saw a year-over-year drop in the median price paid for home resales — the first time that’s happened all year. In November the median price for single-family homes fell 7 percent to $397,000, down from $426,000 a year ago. In the condominium market, there was a 3 percent drop to $251,000 — from $258,000 last year. More sellers entered the Naples market in November, with home inventory increasing 40 percent over last year.”

I haven’t checked the data, but my hunch is that this is the first price decline since the Fed lit a match under real estate investors’ derrieres with the initiation of its housing market reflation program in 2012.

 
 
Comment by Raymond K Hessel
2016-12-17 07:52:29

China needs a smackdown, not finger-wagging and sternly worded notes.

http://www.independent.co.uk/news/world/asia/china-seized-us-navy-drone-donald-trump-tweet-a7481486.html

Comment by new attitude
2016-12-17 17:16:26

it was floating in the water, id check it out too if I was them. Make sure it is not a mine. they are giving it back. but lets nuke em anyway!!

 
 
Comment by tj
2016-12-17 08:08:33

i don’t listen to rogan very often but his guest jordan peterson is very compelling. it’s well worth a listen when you have the time.

https://www.youtube.com/watch?v=04wyGK6k6HE

 
Comment by The Enrager
2016-12-17 08:37:33

crushing.housing.losses.

 
Comment by SFBayArea
2016-12-17 08:37:46

“The Neoliberal Echo Chamber is Turning Us All Into Idiots” by
Caitlin Johnstone

This Just In: It Is Very, Very, Very Important To Us That You Focus On Hating Russia

“Breaking — Anonymous sources in various intelligence agencies have determined in a secret assessment that it is very, very, very important that you forget all your grievances against America’s political status quo right now and focus on hating Russia instead. Our sources, whose identity you needn’t worry your pretty little head about, are telling us that the importance of your Russian hatred is far more urgent than your concern regarding the content of the DNC leaks, the content of the Podesta files, the collusion of the mainstream media with powerful political parties as revealed in WikiLeaks documents, America’s soul-crushing economic disparity, or the overwhelming urge your mounting cognitive dissonance is giving you to scream “I just can’t do this anymore” and steer your vehicle into oncoming traffic.

“We really, really need people to believe us here,” one source told National News Conglomerate, speaking under conditions of total anonymity and deliberate, infuriating vagueness. “There are some very bad people in charge of a particular country, and that country is definitely not the United States of America.”

“It’s Russia,” the source added, with a self-assuredness in his or her voice that should inspire trust and confidence in everything he or she has said here.”

http://www.newslogue.com/debate/206

Comment by Raymond K Hessel
2016-12-17 09:01:52

“Simply stated, there is no doubt Saddam Hussein now has weapons of mass destruction.”

– Dick Cheney, purveyor of fake news

http://www.realnews247.com/wmd_quote_before_after_the_invasion.htm

Comment by 2banana
2016-12-17 09:33:22

Was that before or after Saddam gassed thousands of Kurds?

Comment by Ben Jones
2016-12-17 09:42:19

As they said in the west, ‘we know he had the weapons because we have the receipts’.

‘The know-how and material for developing chemical weapons were obtained by Saddam’s regime from foreign sources.[23] Most precursors for chemical weapons production came from Singapore (4,515 tons), the Netherlands (4,261 tons), Egypt (2,400 tons), India (2,343 tons), and West Germany (1,027 tons). One Indian company, Exomet Plastics, sent 2,292 tons of precursor chemicals to Iraq. Singapore-based firm Kim Al-Khaleej, affiliated to the United Arab Emirates, supplied more than 4,500 tons of VX, sarin and mustard gas precursors and production equipment to Iraq.[24] Dieter Backfisch, managing director of West German company Karl Kolb GmbH, was quoted by saying in 1989 that “for people in Germany poison gas is something quite terrible, but this does not worry customers abroad.”[23]‘

‘The 2002 International Crisis Group (ICG) no. 136 “Arming Saddam: The Yugoslav Connection” concludes it was “tacit approval” by many world governments that led to the Iraqi regime being armed with weapons of mass destruction, despite sanctions, because of the ongoing Iranian conflict. Among the dual-use exports provided to Iraq from American companies such as Alcolac International and Phillips was thiodiglycol, a substance which can also be used to manufacture mustard gas, according to leaked portions of Iraq’s “full, final and complete” disclosure of the sources for its weapons programs. The dual-use exports from United States companies to Iraq was enabled by a Ronald Reagan Administration policy that removed Iraq from the State Department’s list of State Sponsors of Terrorism. Alcolac was named as a defendant in the Aziz v. Iraq case presently pending in the United States District Court (Case No. 1:09-cv-00869-MJG).’

https://en.wikipedia.org/wiki/Halabja_chemical_attack

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Comment by 2banana
2016-12-17 10:19:20

There are two questions here.

Did Saddam have access to WMD?

Of course he did. And he used them many times on his own people and on the Iranians in the Iraq-Iran war.

Was it a good excuse to invade Iraq?

Nope. Not even by a long shot.

 
Comment by Ben Jones
2016-12-17 10:31:32

Those weapons the west sold him had a shelf life and the US knew it. Bush 1 tricked him into invading Kuwait. Rumsfeld and others said the day after September 11th they were invading Iraq, the plans had already been drawn up as had the Patriot Act. The Democrats didn’t invent the “let no crisis go to waste” thing.

 
Comment by 2banana
2016-12-17 10:37:54

Bush had seven UN resolutions and both the House and the Senate voted to invade Iraq.

Hardly an “in the crisis” action.

It still was the wrong decision but at least there was a process and at least there was time for debate and public input.

And I doubt it would ever happen again using that process.

What was the process for the destruction of Libya?

What was the process for the destruction of Syria?

obama and Hillary want war with Russia. You think there is going to be any UN Resolutions or votes in congress on that?

 
Comment by butters
2016-12-17 11:29:48

Bush had seven UN resolutions

UN? Are you kidding me? The cucks will use any excuse to go to wars.

 
Comment by new attitude
2016-12-17 13:19:38

Trump would not see the return on our investment invading Iraq with out a plan.

 
 
Comment by butters
2016-12-17 09:50:49

Was that before or after Saddam gassed thousands of Kurds?

Some people are still stuck on stupid. Even god can’t help them.

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Comment by rms
2016-12-17 10:57:12

“Was that before or after Saddam gassed thousands of Kurds?”

The middle-east has to have a high birth rate or they’d go away.

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Comment by Raymond K Hessel
2016-12-17 09:04:37

Judith Miller and the NYT: Purveyors of The Narrative, disseminators of fake news, and water carriers and shills for the neocons.

http://observer.com/2015/04/judith-miller-carried-water-for-the-usas-worst-debacle-since-vietnam/

Comment by Ben Jones
2016-12-17 09:09:42

‘Osborne and interventionists in the U.S. should not learn the wrong lesson from Aleppo’s fall. There was never a good plan from the West. The Spectator’s Freddy Gray described the interventionists’ 2013 thinking, and it is not flattering: “Bomb first, think later seemed to be the strategy, just as it was in Libya — and look how well that turned out.” Intervention in Syria was fantastically unpopular in Britain and America. That’s why the House of Commons, and later the U.S. Congress, ended up voting against it.’

‘The Obama administration, although it backed away from its half-hearted push for larger intervention, still carried on covert support of the rebels. The CIA and Defense Department armed different groups (who sometimes shot at each other). The Free Syrian Army, the so-called “moderate” rebels on whom so many hopes were pinned, kept disintegrating. Even as the U.S. tried to rebrand it as the “New Syrian Force,” its fighters often defected to al Qaeda, or even ISIS. If they didn’t defect, they would sometimes just lose their new weapons to these more established radical Sunni brands. The United States was allied with the allies of al Qaeda in Syria, and carried out its covert missions under the 2001 AUMF that authorized the U.S. to fight al Qaeda. It’s dizzying.’

‘Along the way, the U.S.’s half-hearted intervention possibly created the worst of all worlds. It encouraged people to invest themselves in a doomed fight much longer than was necessary. It caused rebels to place their hopes in a more broad intervention that was never coming. And it lengthened one of the most disastrous civil wars of the modern era, one whose aftershocks and refugee flows have brought terror to Europe and helped empower a resurgent nationalism that is shaking the political and economic foundations of the European Union.’

‘Lastly, the U.S. having involved itself just enough to look like a loser, ceded initiative to its chief geopolitical rival, Russia. Not only did Obama help make Syria one of his own “losses,” he paved the way to make it look like a Russian win over the United States and radical Sunni Islam. It’s a disaster.’

‘But if the U.S. really wanted to overthrow Assad, the likeliest outcome was the disaster that has afflicted Syria and, to a lesser degree, Iraq: multiple groups claiming the right to govern, and the flourishing of ISIS in the midst of the disorder. That’s the choice Obama backed into, either giving Russia a geopolitical boost, or becoming an agent of chaos again.’

‘On top of the horrors in Aleppo’s fall is the dreadful reality that even this may not bring about the end of the war…The horrors in Aleppo are all too real. Honoring the memory of the dead in Syria will require much more serious reflection by our leadership class than what we’ve seen this week. Turning the Eiffel Tower into a memorial for al Qaeda’s dead, and mourning our lost chance at a wider war that had no plausible happy ending, is just another grotesquerie in a long parade of disasters in this region.’

Comment by Ben Jones
2016-12-17 09:18:54

I read yesterday the First Lady saying “lived in vain” or something.

Well buck up woman, cuz here’s some reasons to turn that frown upside down. There’s the records! Like launching more Tomahawk missiles than all previous Nobel Prize winners - combined! (Achieved during the Libya no-fly thing).

The drone strikes! Waayyy more than Bush. So as you recline on the couch in Hawaii, maybe you and the hubby can break out the video that exists of blowing up weddings? Of course you’ll have to just imagine the flesh burning. There’s the parts with the double taps. You know, where you send in a second missile to take out the ambulance drivers and people trying to help the killed and wounded, those bastards.

No Madame, you haven’t lived your life in vain. He was “pretty good at killing people”. No one can ever take that away from you.

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Comment by 2banana
2016-12-17 09:26:10

They did add more to the national deficit than all previous administrations combined and accounting for inflation.

And race relations. Worst since the 1960s.

And they will always have warm glow of obamacare.

DJT should force them to use it.

 
Comment by butters
2016-12-17 09:29:00

Who are her speech writers? They must know that after living in ‘ope’ for 8 years, maybe people want something different.

 
Comment by butters
2016-12-17 09:35:45

“ope” is such a meaningless dope.

 
Comment by MightyMike
2016-12-17 09:54:06

And they will always have warm glow of obamacare.

DJT should force them to use it.

It was a law consisting of hundreds or thousand of pages.

 
Comment by redmondjp
2016-12-17 10:12:30

That congress first had to pass before they could get the secret password to know what was in it. - Nancy Pelosi

 
Comment by PitchforkPurveyor
2016-12-17 14:56:14

In my opinion, Obama was an engaging guy but an extremely weak President. He just had no intestinal fortitude whatsoever. Policy wise, he essentially dropped trou and bent over for bankers and the establishment, no lube. Then he turned around and asked them if it was good enough, or if he could do any more to make it even better.

 
Comment by Raymond K Hessel
2016-12-17 16:02:36

Obama was an insubstantial bon vivant turned into a viable candidate by Soros, Goldman Sachs, and the captured, fawning MSM. Obama didn’t “drop trou and bend over for the bankers”: that docile subserviance came from the 95% of the electorate who voted for Obama or the even worse Establishment GOP “alternatives.”

 
 
Comment by 2banana
2016-12-17 09:20:51

Eight years of foriegn policy disasters.

“But today, once again, the United States is the most respected country on earth, and part of that I think is because of the work that we did to reengage the world and say that we want to work with you as partners, with mutual interest and mutual respect.”
– obama 2015

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Comment by butters
2016-12-17 09:41:19

Let’s invade one more ME country (like we did to Iraq), that will make America great again.

 
Comment by 2banana
2016-12-17 10:28:11

Hillary wanted to directly fight Assad and the Syrians and would have certainly drew Russia into that fight if she won the election.

Does that count?

I mean after the disaster in Libya, throwing away a stable Iraq, just ignoring the JV team of ISIS and then arming ISIS like rebels in Syria?

Literally, 100,000s of dead due to the DIRECT actions of obama and Clinton. That has got to count for something to make America great again…

 
 
Comment by Raymond K Hessel
2016-12-17 15:59:36

Scenes from Aleppo the MSM will never show you. (And Libertarian candidate Gary Johnson is an ignoramus for not knowing what Aleppo is or the scale of human suffering there).

https://www.youtube.com/watch?v=wo2qOxFQTVw

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Comment by Karen
2016-12-17 10:31:19

That is an awesome piece and pretty much sums up the situation

Comment by Blue Skye
2016-12-17 22:17:38

Yeah… looking for better in future.

 
 
 
Comment by Ben Jones
2016-12-17 08:52:43

‘There are more signs of a slowdown in New York City’s real estate market, which for years had been soaring, according to The New York Times. In the face of slowing demand for luxury apartments, rising construction costs and a tighter market for construction loans, developers Kevin Maloney and Kamran Hakim reached a deal to sell a development site in Long Island City to the Durst Organization for $173.5 million.’

‘The parcel, next to the historic Queens Plaza Clock Tower building, could accommodate construction of a 914-foot apartment spire, what would be one of the city’s tallest towers outside of Manhattan.’

‘The deal follows other signs of distress. Lender Gamma Real Estate just took control of a development site for a 950-foot ultraluxury condo tower in Sutton Place at a bankruptcy auction this week, nearly a year after that project’s original builder, Joseph Beninati, defaulted on nearly $180 million Gamma lent him.’

‘As Crain’s reported, Gamma appears to have overpaid, as the price of land has fallen precipitously since it made the loan to Beninati.’

 
Comment by butters
2016-12-17 08:54:18

“We have a lot of people here tonight from the Indian community, Hindus. We did great with the Hindus. Where are they? We have a big group. There they are. I want to thank you. You folks were amazing. They were amazing and voted and they were fantastic.”

Comment by Raymond K Hessel
2016-12-17 08:58:51

Hindus and Sikhs have experienced Islamic terror first hand. They won’t be broken up about Trump’s plans to tighten up on immigration.

Comment by MightyMike
2016-12-17 11:50:45

Some of them experienced terror from deplorables fist hand as well.

Murder of Balbir Singh Sodhi
From Wikipedia, the free encyclopedia

Balbir Singh Sodhi (1949 – September 15, 2001),[1] a Sikh-American gas station owner in Mesa, Arizona, was murdered in a hate crime in the aftermath of the September 11 attacks. This was the first of several cases across the United States that were reported to the police as supposed acts of retaliation for the attacks. Balbir Singh Sodhi, who wore a beard and a turban in accordance with his Sikh faith, was mistaken for an Arab Muslim and murdered by 42-year-old Frank Silva Roque, a Boeing aircraft mechanic at a local repair facility who held a criminal record for an attempted robbery in California. Roque had reportedly told friends that he was “going to go out and shoot some towel-heads” the day of the attacks.[2] Roque was sentenced to death (commuted later to life imprisonment) for first degree murder.

https://en.wikipedia.org/wiki/Murder_of_Balbir_Singh_Sodhi

Comment by somedewd
2016-12-18 08:14:23

Just love how leftists conflate non-leftists with racists and murders. Yes, Roque is truly deplorable. However, the broad swath of American’s you’re attempting to paint with that brush is exactly why leftist elitists got trounced in the election.

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Comment by taxpayer
2016-12-17 09:48:53

indians are the opposite of blacks
work 50 hrs a week,chaste,reverent
know any one welfare?

Comment by MightyMike
2016-12-17 09:55:50

Thanks, you always make such great contributions.

 
Comment by butters
2016-12-17 10:04:22

Plenty are on welfare.

They have the same disease as Jews, Mormons, Country Club types & Regressives. They only hire and promote their own kind.

Comment by jerzdebil
2016-12-17 10:16:40

Saw this first hand years ago and chalked it up the bizarre behavior as a personality quirk. Now I think it was likely a tactic. Of course that company is probably filing bankruptcy as we speak - how’d that work out for the curry mafia?

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Comment by Avg Joe
2016-12-17 11:34:33

Saw this first hand years ago and chalked it up the bizarre behavior as a personality quirk

I had the same experience years ago. Worked in a startup and had an Indian boss as co-founder.

Only person that ever got promoted? The other Indian in the company.

 
Comment by jerzdebil
2016-12-17 14:45:29

I’ll add some color for the readers. I submit my resume, get called in to take a pretty rigorous 2 hour test of software knowledge. I make the cut and was told I would interview with a couple of project managers and then get an offer - essentially I was a lock. First manager was a white guy, friendly, asked a few general questions, and I answer them. Second was an indian woman, came in looking pissed and mumbled/whispered her questions. I couldnt make out what she was saying and asked to please repeat them as I could not hear/understand her. She repeated them with no increase in volume or clarity. I said I’m sorry but I still cant make out what you’re saying. She repeats, no change. I asked if she could write them on the board - she mumbled/whispered something but no dice. At this point my head is spinning wondering if I’d stepped into the twilight zone. How am I supposed to answer a question I cant hear? I just discussed my general philosophy on software development and then an admin led me out, asking if I had any questions. No, I said and walked out dazed and confused. No offer.

Bright side is I got laid off a few months later from my then job (knew it was coming, thats why I was looking), got a fat severance and unemployment for a bit while I worked on finishing remodeling of my house which I sold for 3.5x what I paid for, got a way better job with people I’m still friends with to this day and that job set me up for my dream job/lifestyle which I still rock to this day 10+ years later. And all that might not have happened if not for that indian c-u-next tuesday. I should thank her!

 
Comment by palmetto
2016-12-17 15:31:19

Great story, jerz. I love stories like that. Live long and prosper.

 
 
Comment by redmondjp
2016-12-17 10:19:00

Not to mention how their men treat women, as well as the caste system they bring over with them (to a high-caste Indian, you are a servant, regardless of who you are, and you can never change that in their eyes).

The hypocrisy of the left on diversity is simply stunning - they simply turn a blind eye to the racism, sexism, intolerance and other bad social mores of these wonderful cultures they are importing by the boatload.

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Comment by 2banana
2016-12-17 10:32:08

As long as they vote as a block democrat for generations (cough, muslim “refugees,” cough)…

Democrats will ignore everything else.

 
Comment by butters
2016-12-17 10:35:08

I don’t know much about how the men treat women or their caste system in India. At least those in USA have no problems letting their wives work and earn a living.

 
Comment by rms
2016-12-17 11:13:36

“At least those in USA have no problems letting their wives work and earn a living.”

In California most men (and families) don’t have an option.

 
Comment by MightyMike
2016-12-17 11:46:54

The hypocrisy of the left on diversity is simply stunning - they simply turn a blind eye to the racism, sexism, intolerance and other bad social mores of these wonderful cultures they are importing by the boatload.

It would be nearly impossible to test people for racism, sexism, etc. before allowing them to immigrate. Also, if you looked into it, you’d find that many people from cultures that you hate came over during Republican administrations.

 
Comment by palmetto
2016-12-17 12:32:10

“Also, if you looked into it, you’d find that many people from cultures that you hate came over during Republican administrations.”

And that’s the truth. Republicans (the RINO wing especially) love to push their base’s nose in the “nation of immigrants” canard more than Democrats even do.

 
Comment by MightyMike
2016-12-17 12:47:55

It’s not a canard.

 
Comment by palmetto
2016-12-17 15:28:12

That’s your opinion. Mine is that it is a canard.

 
Comment by MightyMike
2016-12-17 15:43:13

Immigration played an important role in the development of the country. To deny that is a canard.

 
Comment by palmetto
2016-12-17 18:14:41

We are discussing two different things. You are talking about immigration, I am talking about immigration fetishism, like when you have congresscritters shedding crocodile tears and sloganeering “Nation of Immigrants”. A mawkish display.

 
Comment by MightyMike
2016-12-17 20:08:16

OK, that’s what you mean about the canard, not any actual canard regarding immigration, just congressional tears and fetishism, which are probably imaginary.

 
 
Comment by oxide
2016-12-17 13:22:31

They only hire and promote their own kind.

I’m still remembering that HBB post on Indian bribery from weeks ago. I wonder how much of the that hiring and promoting is bought and paid for.

And where did you get the idea that Indians are chaste? They arrive on a Monday and get about making anchor babies on Monday night.

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Comment by Raymond K Hessel
2016-12-17 08:57:16

Americans imported 18 tons of foreign-made ammo in the past 12 months. Maybe Les Deplorables can chill now that Soros isn’t going to get his gun grab under THIS president.

http://www.breitbart.com/big-government/2016/12/16/americans-bought-17850-tons-of-ammo-in-last-12-months/

 
Comment by Ben Jones
2016-12-17 09:00:03

This was posted in the comments last night:

‘I can’t describe some of what we’re seeing now in just a word or two – it’s more than indecisive or commitment phobic. My explanation for this sudden spastic mind-changing by so many buyers is rooted in one place and it’s not the election. Sure, 95% of DC was stunned by the outcome. But a lot of people have jobs that are not tied to an Administration. This indecisiveness we’re seeing? It’s fear.’

‘Buyers are scared. A few months before the election, the email subjects were screaming “Price Reduced,” “Price Improved” or some variation that indicated there was a listing out there where the seller not only did not enjoy a bidding war, they didn’t get their initial asking price either. The tide was starting to turn a bit even back in late summer and early fall.’

‘Everyone has been so conditioned to this long-time seller’s market that they are actually suspicious now of a reduced price or a house that didn’t sell in the first weekend. It’s as if the fact that no one else wants the house makes a buyer unable to proceed.’

‘Whether it’s the thrill of the chase they miss, or their fear that the house is overpriced, election woes, or just genuine apathy toward the current inventory, things will soon shake out.’

‘And this lull in the market? Combine it with the holidays and dead of winter upon us and the deals are about to get really good. By Melissa Terzis, Realtor, City Chic Real Estate.’

Comment by Ben Jones
2016-12-17 09:01:35

‘Sure, 95% of DC was stunned by the outcome’

Melissa, please post video of the crying. TIA, Ben.

Comment by butters
2016-12-17 09:05:34

During my travels last summer, DC was the only place you could see Hillry stickers. Nowhere else.

Comment by Ben Jones
2016-12-17 09:45:53

I saw a car the other day that had a Bernie sticker and also a “OK, Hillary 2016, I guess” sticker.

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Comment by Ben Jones
2016-12-17 09:47:47

Turns out there are variations:

Example

 
 
 
Comment by Raymond K Hessel
Comment by butters
2016-12-17 09:20:43

I think after Jan 20, we have to stop this even though sheer pleasure we get from seeing the propagandists in tears.

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Comment by taxpayer
2016-12-17 09:13:19

they’re erecting guillotines
doe 2x
epa
hud

chop chop

Comment by Ben Jones
2016-12-17 10:03:34

‘Everyone has been so conditioned to this long-time seller’s market that they are actually suspicious now of a reduced price or a house that didn’t sell in the first weekend. It’s as if the fact that no one else wants the house makes a buyer unable to proceed.’

‘Magrathean sperm whale’

‘The Magrathean sperm whale was a whale created from one of a pair of guided thermonuclear missiles several miles over the planet of Magrathea, after Arthur Dent initiated the use of the Infinite Improbability Drive. The probability of this occurring was 8,767,128 to 1 against.[1] The whale has an existential life of discovery which lasts a minute before it hits the ground, leaving a large crater and whale remains.’

“I wonder if it will be friends with me”
—The whale’s attitude to the fast approaching ground’

http://hitchhikers.wikia.com/wiki/Magrathean_sperm_whale

Example

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Comment by palmetto
2016-12-17 10:57:29

So long, and thanks for all the fish:

https://www.youtube.com/watch?v=N_dUmDBfp6k

 
Comment by Tarara Boomdea
2016-12-17 13:14:07

I liked the movie, but love the BBC series. Charming, not as slick (like “Red Dwarf”.)

The Hitchhikers Guide to the Galaxy BBC Series

 
Comment by mcbain!
2016-12-17 16:15:45

Story of a black sperm whale, stealing hundreds of thousands from the taxpayer. Caution, some salty but VERY funny language. Comments will hurt your ribs as well.

https://www.youtube.com/watch?v=2MKpvW2aYzw

 
Comment by palmetto
2016-12-17 18:29:54

You should’ve seen Sotomayor’s epic rant about BLM women at one of the early Sanders rallies. He called them the “snack-pack throwers of America”.

 
 
 
 
 
Comment by butters
Comment by SFBayArea
2016-12-17 10:05:23

This anti-growth movement is all over the SFBay area now. Not supporting endless illegal immigration is evil. But nobody here wants any more traffic, “deplorables” or building in their town. The traffic even on local residential roads is now getting ridiculous. Unless we are going to widen 880, 280, 80, 101, etc. and all the feeder highways in and out of the SFBay area more population is going to hurt not help out GDP. In other words we are hitting our growth limits unless we are willing to bulldoze large portions of neighborhoods and rebuild up.

Comment by Carl Morris
2016-12-17 16:14:32

My first impression arriving in San Jose from China was how short the buildings are and how big the parking lots are. The amount of surface parking is amazing considering the cost of real estate. At a bunch of these office buildings you could build a big tall apartment/parking building right in part of the parking lot while still doing normal work in the existing building and still be OK on parking. And when you were finished you could then live close to work.

 
 
Comment by 2banana
2016-12-17 10:23:14

2banana’s Rule:

Conservatives are more than happy to live under the same laws and taxes they want for everyone else.

Liberals/Progressives expect to exempted from the same laws and taxes they want for everyone else.

Comment by butters
2016-12-17 10:39:09

When are you moving to Iraq to live under the laws you supported?

Comment by 2banana
2016-12-17 10:50:43

Ever wonder why the democrats in the house and senate who passed obamacare EXEMPTED themselves from using it?

Ever wonder why the public and private unions who were YUGE obamacare supporters EXEMPTED themselves from using it?

Ever wonder why obama and demcorats in the house and senate send their kids to great private schools while fighting school choice for you?

Ever wonder why democrats in the house and senate want you completely disarmed while they are protected by men with guns?

I could literately give a thousand examples.

And it has nothing to do with Iraq

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Comment by MightyMike
2016-12-17 11:42:01

You just gave a bunch of questions.

 
Comment by new attitude
2016-12-17 12:32:06

When I read garbage like that all I can think of is how Bush had full Republican control for 6 yrs, and we got wars for oil, 9/11 and deficit spending. Know your party.

 
Comment by palmetto
2016-12-17 15:45:59

All I can think of is Nancy Pelosi saying, with regard to Bush, “impeachment is off the table.” Talk about a buzzkill.

 
Comment by Enrager
2016-12-17 15:48:54

Lola how much was your bail this time?

 
Comment by Raymond K Hessel
2016-12-17 16:29:09

Bush’s incompetence was epic. He should’ve been impeached along with the entire neocon cabal around Cheney, Rumsfeld, Wolfowitz, etc. that cooked up one fiasco after another.

 
Comment by palmetto
2016-12-17 17:13:36

Testify. Neos infect both parties and government as well. Neocon, neolib, doesn’t matter.

 
Comment by new attitude
2016-12-17 17:23:38

banana loves them all still.

 
Comment by Blue Skye
2016-12-17 22:31:28

We just had a vote about all that Bush/Obama/Clinton.

 
 
 
 
Comment by rms
2016-12-17 14:09:08

Realize that Forest Hill is upper-middle-class.

 
 
Comment by Raymond K Hessel
 
Comment by In Colorado
2016-12-17 09:14:18

The FHA raised its loan limit in my county by about 40K to 376K. I guess they’re running out of locals who can cough up 75K for a down payment.

I’ll bet they’re being raised in other markets too.

Comment by butters
2016-12-17 09:17:54

My prediction are coming true. At the end, Government will defacto own everything with cheap loans and with negative interest rate, they will actually pay you to live in “their” homes.

Comment by In Colorado
2016-12-17 09:52:21

They still have some can left to kick. I was thinking that the big housing crash would be in 2017. Now I’m not so sure, they might be able to buy another year or two.

 
 
 
Comment by Raymond K Hessel
2016-12-17 09:17:21

“Rents Are Falling in NYC, and a Bubble May Be About to Pop” - headline in BusinessInsider, of all places (published by Henry Blodgett, one of the most infamous analyst touts of the tech bubble).

http://www.businessinsider.com/rents-dropping-in-new-york-bubble-pop-2016-12

 
Comment by Lurker
2016-12-17 09:26:32

“US Federal Reserve has indicated that three more rate rises can be expected in 2017, meaning home loans are set to become more expensive.”

Genuine question for everyone -

If interest rate rises continue (that’s a huge ‘if’, of course), will property prices: A) correct downward incrementally in line with gradual rate increases; or, B) crash dramatically now that the illusion that prices never go down has been punctured?

Opinions, please!

Comment by butters
2016-12-17 09:32:38

I doubt it will ever crash. Maybe they will allow some “correction.” But now that they have gamed everything, until a total collapse (most likely dollar collapse) they can tinker and prevent wild swings to the bottom.

Comment by palmetto
2016-12-17 10:44:18

I agree. The “correction” after bubble 1.0 wasn’t all that much of a much, IMO. Of course, in light of some of today’s prices, I guess it was good, but I was waiting for some Resolution Trust type action. Never happened. It does seem those days are gone, but you never know, a Trump administration might do something unpresidented. Bigly.

Comment by Panda Triste
2016-12-17 11:14:28

stategery.

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Comment by palmetto
2016-12-17 11:30:12

Heh, here’s the difference: Bush is a dimwit whose gaffes were actually mistakes.

Trump coins a word like unpresidented deliberately. It was a double entendre, with the added purpose of trolling the trolls. And, right on cue, the Stiffie Stiffersons of the Twitterverse get their boxers in a bunch and go nutz.

Best sense of humor in a President ever. In my lifetime, anyway.

Years from now, should education and perception and appreciation of nuance ever improve (big if), we’ll have collections of Trumpisms akin to Yogi-isms (as in Yogi Berra)

 
Comment by MightyMike
2016-12-17 12:46:25

No, it was just a spelling mistake.

 
Comment by palmetto
2016-12-17 15:35:11

No, it was deliberate. And very amusing.

 
Comment by Raymond K Hessel
2016-12-17 16:06:10

Trump coins a word like unpresidented deliberately. It was a double entendre, with the added purpose of trolling the trolls.

Dude, really? I supported Trump, but misspellings on tweets (and he’s had several) make you look stupid. His staff corrected the error, which should tell you it wasn’t some calculated double entendre. It was a doofus tweet and he needs to stop sending out doofus tweets.

 
 
Comment by taxpayers
2016-12-17 13:49:01

Dept of ag has 0$ down Monet
Just say u r growing pot

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Comment by Karen
2016-12-17 13:37:49

So how many houses are you buying?

 
Comment by Prime_Is_Contained
2016-12-17 15:13:11

Strange thought for the day: China’s capital outflows, and the get-it-while-you-can pension-fund withdrawals (say, in Dallas) have a lot in common…

Comment by Prime_Is_Contained
2016-12-17 15:14:11

Doh. This was intended to be a new post at the bottom. :-(

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Comment by The Enrager
2016-12-17 10:53:10

Housing prices will continue falling regardless of interest rates. Remember….. US housing demand is at 20 year lows and falling.

 
 
Comment by phony scandals
2016-12-17 09:47:22

What happened to Robo-Signing and Free Houses?

I haven’t heard a good Foreclosure victim story in years.

U-Haul rates, nobody brings up U-Haul rates.

Comment by butters
2016-12-17 09:52:11

rigged rigged rigged
fake fake fake

Everything is propaganda except their tears.

 
 
Comment by taxpayer
2016-12-17 09:50:28

are rents increasing anywhere in the US?

as Ben points out you see rents move first

Comment by jerzdebil
2016-12-17 10:11:37

My rent is going up in February by 5%, first time for my rental house which I’ve been in for 6 years come March. Its thanks to the property tax increase for my county. Still, total is about 10% of my pre tax income so I’m just chillin’.

Also just saw online a friend relist his home for 100K less. Still probably 150K over the market. He bought close to the peak and did a fair bit of remodeling but its an old place - looks kind of dumpy from the outside as do nearly all homes from the early 70s. 150K off the current ask may be right around what he’s got into it. First listing was probably for 9 months, with just 1 or 2 little reductions. I told him to sell a few years back when he got laid off and the market was hot and he said I was probably right but he wasnt quite ready. He was able to get another job but then got laid off of that one about a year later and is in semi-retirement - would probably work if he could get something suited to his abilities locally.

 
Comment by SW
2016-12-17 20:41:35

I’ve seen a few rent reductions in my area. Small ones. Not sure if it’s a trend yet.

 
 
Comment by 2banana
2016-12-17 10:11:35

Progressives and lefties. Here are some definitions.

Socialism - The state owns the means of productions (factories, mines, farms, oil wells, etc.) but everything else is private property.

Communism - the state owns everything. There is no private property.

Fascism - The state, through official cartels, controls all aspects of manufacturing, commerce, finance, and agriculture. However, the state does not own these industries and the corporations are free to make profits and make limited decisions of the future of their corporation.

“All within the state, nothing outside the state, nothing against the state.” — Benito Mussolini on Fascism

Socialism, Communism and Fascism all require massive government to implement. They all require a powerful state that crushes the individual and destroys any opposition to the state,

Socialism, Communism and Fascism are all forms of “left wing” government when taken to their extremes.

Little to no government or anarchy are all forms “right wing” government taken to its extremes.

So the next time you see:

obama/democrats go after their political enemies using the IRS and EPA
obama/democrats choose the companies they want to bailout with billions of taxpayer money and ignoring all contract law
obama/democrats force all Americans to buy corporate products against their will
obama/democrats attack and bankrupt bakers who don’t want to make a cake
obama/democrats attack on states who don’t want a man using the female bathroom just because he feels like a female that day…

You will know where you in the spectrum.

Comment by tj
2016-12-17 10:45:10

Little to no government or anarchy are all forms “right wing” government taken to its extremes.

freedom has to be protected by limited government.

anarchy happens with the breakdown of tyranny.

Comment by tj
2016-12-17 11:18:57

anarchy happens with the breakdown of tyranny.

this is why anarchy is also leftist. it is the end stage of tyranny. it is born from tyranny.

anarchy has nothing to do with the ‘right’ or conservativism.

Comment by Raymond K Hessel
2016-12-17 16:32:18

Venezuela is an object lesson for the inevitable end game of every collectivist regime that “redistributes the wealth” to a majority of social parasites who vote themselves benefits that productive citizens will have to pay for. Until they refuse to produce when the fruits of their labors are stolen from them.

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Comment by SFBayArea
2016-12-17 10:48:22

Libertarianism: We want to take over the world so we can leave you alone.

Comment by MacBeth
2016-12-17 12:34:36

Looks like someone else gets it!

A fascist can decide to implement libertarianism.

Seems to me that some folks - such as nychick - have never considered such a thing.

Unlike socialism or communism, “fascism” can be whatever its leader decides.

Forced libertarianism? A possibility. The question is, should it be? If so, then how to?

Comment by MightyMike
2016-12-17 12:49:39

Forced libertarianism?

No thank you to forced anything

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Comment by MacBeth
2016-12-17 13:47:54

Really? Not anything?

How about taxes?

Let’s start there.

 
Comment by MightyMike
2016-12-17 14:44:27

I meant a forced system of government, whatever kind of ism you’re talking about.

 
Comment by MacBeth
2016-12-17 15:35:59

Mandatory taxes ARE a forced system of government.

Strike one.

 
Comment by MacBeth
2016-12-17 15:39:32

“No thank you to forced anything”

How about mandatory public education?

Is that not a forced system of government, either?

 
Comment by MightyMike
2016-12-17 15:45:52

Mandatory taxes ARE a forced system of government.

You can say about anything, like putting violent criminals in prison.

Strike zero

 
Comment by MightyMike
2016-12-17 15:47:33

Public education is not a system of government.

 
Comment by new attitude
2016-12-17 16:27:50

Gotta love those who dont want to pay taxes yet they went to public school, drive a car, and live in the USA. no moochers!

 
Comment by MacBeth
2016-12-17 16:29:40

“No thank you to forced anything”

How about Obamacare? Is that forced government?

 
Comment by palmetto
2016-12-17 18:18:48

With all due respect, you guys have it backwards. It is “government force”, not forced government.

No government lasts long without force, unfortunately.

 
Comment by MacBeth
2016-12-17 19:14:37

I don’t have it backwards.

When government forces anything, it is a forced government.

The way to minimize government force is to reduce the size of government.

And that is the only way.

Mandatory taxes, education and healthcare are simply examples of what a forced government enables.

Another example is engaging in war without declaring it (in our case, with Congressional approval).

A fascist who forces libertarianism upon the population may be the way to reduce government overreach and ultimately guarantee vastly increased liberty for individuals.

I understand how novel an idea that is to nearly all people.

 
Comment by MightyMike
2016-12-17 20:11:45

So you’d like a fascist to force liberty on us whether we want it or not.

 
Comment by somedewd
2016-12-18 08:27:26

Those unhappy with increased liberty are free to flee to other countries, if you can gain citizenship.

 
 
 
 
Comment by In Colorado
2016-12-17 11:15:11

Socialism - The state owns the means of productions (factories, mines, farms, oil wells, etc.) but everything else is private property.

So does that mean there are no “socialist” countries? I mean, even in Sweden there is a private sector. Maybe you should amend that to say “the state owns *some* of the means of production.

Comment by 2banana
2016-12-17 11:39:48

Or you can say you are just a little bit pregnant…

Comment by In Colorado
2016-12-17 13:16:59

So then, are you saying that there are no socialist countries? I’m sure the Swedes and other Scandinavians would be quick to affirm that they are socialists, even thought they do not conform to your definition.

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Comment by butters
2016-12-17 11:44:28

In 2Banana’s capitalism, we would have no companies except MIC who basically run on government money.

 
 
Comment by taxpayers
2016-12-17 14:49:44

Were u willing to work as hard as the Indian?
I’m not

 
 
Comment by butters
2016-12-17 10:22:04

Oh my god. Just watch this. Too funny.

https://www.youtube.com/watch?v=gaaEYC4RDUQ

Comment by 2banana
2016-12-17 10:44:13

fake news gave us fake polls.

But it is all Russia’s fault!!

 
Comment by phony scandals
2016-12-17 12:03:56

“4 polls in the last week say that Donald Trump could have to worry about Indiana.”

I havve seen polls with that kind of accuracy.

Daily Presidential Tracking Poll

Friday, December 16, 2016

The Rasmussen Reports daily Presidential Tracking Poll for Friday shows that 58% of Likely U.S. Voters approve of President Obama’s job performance. Forty percent (40%) disapprove.

The latest figures include 36% of who Strongly Approve of the way Obama is performing as president and 30% who Strongly Disapprove. This gives him a Presidential Approval Index rating of +6 (see trends).

 
 
Comment by Senior Housing Analyst
2016-12-17 11:11:46

Seattle, WA Housing Prices Crater 18% YoY

http://www.zillow.com/seattle-wa-98112/home-values/

 
Comment by 2banana
2016-12-17 11:36:02

Please make him stop….

——

Obama Pats Himself On The Back: ‘Every Country On Earth Sees America As Stronger’ Than Before I Took Office
dailycaller.com | 12/16/16 | Christian Datoc

“In other words, by so many measures, our country is stronger and more prosperous than when we started,” he continued. “It is a situation that I am proud to leave for my successor, and it’s thanks to the American people.”

Comment by Raymond K Hessel
2016-12-17 16:11:57

The alternative media (i.e. the truth-tellers) are going to have a field day posting the hard data that belies such grandiose, self-serving claims.

Comment by mcbain!
2016-12-17 16:28:41

Fake news shucking and jiving to the point of absurdity:

http://finance.yahoo.com/news/im-asking-very-simple-fox-154539629.html

 
 
 
Comment by azdude
2016-12-17 11:55:30

extraordinary.housing. appreciation

 
Comment by Enrager
2016-12-17 12:29:56

rapidly.depreciating.houses.

 
Comment by azdude
2016-12-17 13:12:01

the balloons are out at the model homes around the corner. Big event I guess. All the people are showing up to get under contract so they can flip the house when its done in 6 - 12 months. If it doesn’t work out they forfeit their deposit and the home goes up as a spec house.

These models are decked out with 50k in upgrades and staged with 20k in furniture.

The high dollar construction folks have been working for months on them.

The base prices don’t include much and they want you to add 25k in upgrades. Its high pressure sales tactics at its finest. Here you are spending 400k on a home and they want to squeeze another 25k out of you.

Comment by The Enrager
2016-12-17 13:26:13

With 25 million empty and defaulted houses, another 100 unsold houses is meaningless.

 
Comment by rms
2016-12-17 14:14:15

“These models are decked out with 50k in upgrades and staged with 20k in furniture.”

How about the shills… decked-out too? ;)

 
 
Comment by new attitude
2016-12-17 13:36:48

I read that trump’s restaurant is really good at trump tower. Is it easier to be a restaurateur or POTUS? That is, only if you are “really smart.”

Comment by 2banana
2016-12-17 14:00:40

Easiest thing to be is a community organizer.

You get paid no matter what.

No payroll to meet.

No regulations to abide by.

No output expected.

No way to be fired for poor performance

Comment by MightyMike
2016-12-17 14:42:44

Do you have a link for that?

Comment by palmetto
2016-12-17 15:53:29

I already gave you the link, but here it is again.

http://www.snagfilms.com/films/title/dreams_from_my_real_father

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Comment by Raymond K Hessel
2016-12-17 16:10:16

Don’t spoon-feed the troll…he is not here to learn anything and is impervious to reason and facts.

 
Comment by MightyMike
2016-12-17 16:18:45

That appears to an hour and a half about his father, probably mostly nonsense. Is there anything about the nature of being a community organizer?

 
Comment by palmetto
2016-12-17 17:03:40

Yes, quite a bit, actually. I found it informative. I now have a much better understanding of community organizing. And how a community organizer gets paid, etc. That’s in the section of the documentary on Obama’s time as a community organizer in Chicago, what he did there, who his sponsors were, etc.

I feel I was able to view it objectively and gained much insight into how politics works in Chi-town, for example. I was also fascinated by the clips about Saul Alinsky and what he learned from Al Capone. Particularly since I am currently reading “Wise Guy”, by Nick Pileggi, the book upon which the movie Goodfellas was based. One of my favorite movies.

I had never heard of Saul Alinsky until Obama became president and people started mentioning Rules for Radicals, which I had never heard of either.

The documentary didn’t make me think any less of Obama.

 
Comment by MightyMike
2016-12-17 20:22:31

Don’t spoon-feed the troll…he is not here to learn anything and is impervious to reason and facts.

Yeah, that a good one, Ray. You’re the angry crackpot searching out dopey nonsense.

I wonder where all of this stuff about community organizing comes from. A lot of the popular movements which improved this country, like the civil rights movement, the women’s movement and the environmental movement involved a lot of what could be call community organizing. The PTB at the time didn’t like the idea of large numbers of hoi polloi getting together to work towards their goals. At the time there were many instances of blaming the organizers, calling them rabble rousers and so forth, all in an attempt to discredit the movements. When Obama was a candidate, the criticism of his background was an opportunity for the PTB to denigrate the idea of popular movements in general. That’s what they would like. Every just keep to themselves. Stay glued to the TV or smartphone. Don’t talk to your neighbors.

 
 
 
Comment by Raymond K Hessel
2016-12-17 16:08:30

Is there such a thing as a Republican community organizer? I mean, the bottom line on all these snake oil salesmen is that they’re mobilizing the DNC’s patronage and graft rackets and the votes-for-entitlements mob that is the Democrat’s base.

Comment by palmetto
2016-12-17 17:57:39

“Is there such a thing as a Republican community organizer?”

Yes. But they call themselves “consultants”.

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Comment by new attitude
2016-12-17 17:21:51

community organizer

I was one in my little league organization in 1980.

Did O have a paper route too?

Sen. Obama, taught courses in constitutional law too.

Obama lives in your head, rent free.

rage it!

 
 
 
Comment by rms
2016-12-17 14:43:19

Wondering when Jon Corzine will be made lily white.

Comment by 2banana
2016-12-17 16:29:07

Pardoned for what? He has never been charged…

 
 
Comment by Enrager
2016-12-17 16:04:37

Remember…… A house is a depreciating assets that cost you money every day you own it.

 
Comment by Raymond K Hessel
2016-12-17 16:13:43

One in five British property companies are already in financial distress, and the real fun hasn’t even started yet.

http://www.telegraph.co.uk/business/2016/12/17/increase-property-companies-financial-distress-housing-market/

 
Comment by Raymond K Hessel
Comment by new attitude
2016-12-17 16:24:57

Chávez demonstrated what a real Democratic leader does for the people of his country. Democracy was no myth to Hugo Chávez. That’s why it’s absurd to hear the U.S. corporate media (an extension of the oil and weapon industries) demonize Chávez in the attempt to paint him as a “dictator” and that he didn’t improve the conditions of poverty, which, ironically, was mostly created from U.S. corporate policies and intervention: reaping the profits-revenues from South American resources, everything from fruits to oil to coal, and leaving nothing for the people prior to Chávez’s leadership.

“Talking about the level of participation, today in Venezuela more Venezuelans participate than ever before in history. Everyone has a voice. Everyone wants to be active and involved. Before Chávez came into power—and I lived there during that time—it was a country full of apathy, full of apathy, full of exclusion, people who didn’t even care about participating because their participation meant nothing. That’s changed 100 percent and will never reverse its course.”

The U.S. government, represented by the oil and weapon industries, never liked President Hugo Chávez essentially because he 1) nationalized the oil and used the revenue for rebuilding Venezuela’s economy with the attempt to lift all boats, especially the poor, and 2) he was against wars. He was dedicated to creating a real social democracy, unlike U.S. officials who are dedicated to enriching themselves and their masters: the 1 percent corporate oligarchs.
The United States is not a democracy: it is a corporate police state. Thanks to the Bush and Obama administrations, we don’t even have the fundamental right that defines a civil society: habeas corpus; and our constitutional rights have been replaced with the NDAA (National Defense Authorization Act), which eliminated any shred of due process and individual privacy.

Economically, under U.S. policy, the pie chart looks something like this: a thousand or so wealthy families have rigged the system and now possess most of the global wealth pie with the exception of about 10 percent (one slice of pie) remaining for billions of people to fight over. It is a state that crushes earned benefits for the working people, labor rights, environmental protection, and opportunities to improve economic standing. The corporate state globally reduces wages to 50 cents a day in sweat shops; it is a rigged system that produces enormous profits for the few oligarchs and Wall Street profiteers while the U.S. middle class economy collapses from their policies commonly defined as “vulture capitalism” or “totalitarian capitalism.” It is a vulgar system that allows Big Oil, Chemical, Coal and Big Pharma polluters to eviscerate our environment—all for profits for the few.

http://truth-out.org/buzzflash/commentary/item/17848-if-hugo-chavez-was-a-dictator-why-was-he-loved-by-millions-of-people

t r u t h

Comment by Raymond K Hessel
2016-12-17 16:44:07

“All animals are equal, but some animals are more equal than others.”

– Napoleon the Pig, ANIMAL FARM

http://www.dailymail.co.uk/news/article-3640941/Super-rich-quaff-champagne-Venezuela-country-club-middle-classes-scavenge-food-rubbish-dumps-DOGS-starving.html

Comment by new attitude
2016-12-17 18:43:46

So true, out hear the coast of CA it is survival of the fittest. Most cant make it.

>

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Comment by SFBayArea
2016-12-17 18:14:26

And it is now ending just like the other 135 socialist experiments - every one is now staving. RioAmericanInBrasil aka New Attitude - You time is now over!

Comment by The Enrager
2016-12-17 18:25:56

I forecast the Crater Administrator will have Lola back in his straight jacket in 48 hours. :mrgreen:

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Comment by new attitude
2016-12-17 18:45:46

real socialism like capitalism does not exist

greed step us and crony cap wins.

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Comment by Blue Skye
2016-12-17 22:43:36

What is it you do for a living?

 
 
 
 
 
Comment by Raymond K Hessel
2016-12-17 16:20:58

A least the huddled masses flooding in to Europe from various neocon fiascos are grateful toward their hosts and for the help they are receiving.

Oh, wait…I guess this is why those countries went to hell in the first place.

http://www.express.co.uk/news/world/744373/Italy-migrant-crisis-refugees-threaten-aid-workers-Potenza-italy

 
Comment by Raymond K Hessel
2016-12-17 16:35:31

The devastated nation of Syria will be a breeding ground for all matter of malevolence and extremism for at least a generation.

https://www.youtube.com/watch?v=keePsw7_jk4

 
Comment by Raymond K Hessel
2016-12-17 16:40:36

Typical MSM - clutching their pearls over Trump “risking inflaming” tensions with China with a tweet, while conveniently overlooking the fact that it was China that blatantly broke international law and thumbed its nose at the US by stealing a US Naval undersea drone in international waters.

https://www.theguardian.com/us-news/2016/dec/17/donald-trump-china-unpresidented-act-us-navy-drone

Comment by Blue Skye
2016-12-17 22:47:56

I am kind of wondering about this. Do you suppose the US drone was down there and the Chinese caught it in a fishing net? How do you seize a sub? Was it belly up bobbing around? Would we have a drone without a self destruct? Our news service is crap.

 
 
Comment by Patrick
2016-12-17 16:44:38

A 20 foot wide lot, about 80 feet deep, inner city Toronto, with a house - is only about $3,000,000 (average)- if you can find one.

This lunacy will meet it’s maker.

And hopefully soon.

 
Comment by Raymond K Hessel
2016-12-17 16:49:37

Future cat ladies and psychotic feminists are stamping their little feet by changing up their hair. The mockery writes itself.

http://nymag.com/thecut/2016/12/women-make-dramatic-beauty-moves-after-trumps-victory.html

 
Comment by taxpayers
2016-12-17 17:10:28

Better get your under $5 deliveries from China (pronounced jina) before trump shuts em down.
My 2.60 sunglasses just arrived.

Comment by new attitude
2016-12-17 17:25:24

UV protection is overrated.

 
Comment by palmetto
2016-12-17 17:29:17

Lol, CHY-nah needs no help from Trump in shutting down. Between the smog and its financial issues, it’s doing just fine on its own.

 
 
Comment by new attitude
2016-12-17 17:27:36

Reagan was an actor!! lola!

UC Law School statement: The Law School has received many media requests about Barack Obama, especially about his status as “Senior Lecturer.” From 1992 until his election to the U.S. Senate in 2004, Barack Obama served as a professor in the Law School. He was a Lecturer from 1992 to 1996. He was a Senior Lecturer from 1996 to 2004, during which time he taught three courses per year. Senior Lecturers are considered to be members of the Law School faculty and are regarded as professors, although not full-time or tenure-track. The title of Senior Lecturer is distinct from the title of Lecturer, which signifies adjunct status. Like Obama, each of the Law School’s Senior Lecturers have high-demand careers in politics or public service, which prevent full-time teaching. Several times during his 12 years as a professor in the Law School, Obama was invited to join the faculty in a full-time tenure-track position, but he declined.

Comment by palmetto
2016-12-17 17:49:38

Well now. Could that be one of the reasons “the law” has become something of a joke in the US?

Fwee Jon Corzine!

 
Comment by Blue Skye
2016-12-17 22:58:05

He is now a Senior Professor of Hoplessness and Hasbeenidness. Is he opening a pay for play foundation, or is that gig busted?

 
 
Comment by aNYCdj
2016-12-17 19:32:10

Long Island City amazing the buildings in the last few years the 7 G EF trains are way over crowded, queens plaza was a taxi stop and a stripper hooker haven less then 10 years ago not a safe area to live in..

http://liccourtsquare.com/2016/12/15/41-15-23rd-street-reaches-top-floor/

http://licpost.com/massive-clock-tower-development-site-bought-by-durst-organization-for-167-million

http://licpost.com/developers-of-paragon-paint-building-continue-to-seek-variance-viewed-as-big-ask

 
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