Rapid Price Growth Is Unsustainable Over Time
A report from Metronews in Canada. “Despite a recent slowdown in Vancouver’s housing market, developers are maintaining their rosy view for the industry in 2017. Vancouver’s single family detached market has slowed considerably, and seen downward price adjustments, following the province’s introduction of a tax on foreign buyers last July. The policy move came after home prices in some areas rose more than 40 per cent. Brian McCauley, president of Concert Properties, pointed out that Metro Vancouver condo sales rose 52 per cent in 2016, and prices rose 22 per cent in the last quarter of 2016 compared to the same period one year earlier.”
“He did acknowledge that 13,000 condos were sold in the first half of 2016, compared to 6,000 in the second half of the year. ‘You can draw your own conclusion,’ he said.”
From Globes Israel Business News. “Prices dropped 3.8% in the third quarter of 2016 in Ra’anana, and fell further in October-November. ‘We’re already no longer in a housing market with rising prices. Prices in Ra’anana, for example, are on a downtrend,’ a developer in a National Outline Plan 38 company active in the town said several weeks ago at a real estate conference on urban renewal. ‘It is more difficult today to sell housing in Ra’anana,’ another developer active in the city said on different occasion. When contractors and developers say prices are going down, it is worth paying attention.”
“In order to understanding what is happening in Ra’anana, a city that has had the highest housing prices in the Hasharon area for many years, we examined the demand prices, the actual deals, the trends in recent months and years, and the planned future inventory. The results indicate that something is indeed happening in the pearl of the Hasharon area.”
From The Namibian. “First Capital Treasury Solutions yesterday echoed FNB Namibia’s announcement of an expected slowdown in house price growth. Milner Siboleka, First Capital assistant portfolio manager and economist, told The Namibian that over the years house prices have grown faster than the fundamental indicators of national income that support demand in the country.”
“‘This has prolonged for a long time; hence chances of slowing price growth are inevitable this time around given the present dwindling trends of factors that support demand. In any given case a rapid price growth that is faster than the growth of population incomes is unsustainable over time,’ said Siboleka.”
The Malaysia Chronicle. “The high-end residential segment, particularly strata units, is heading towards a price correction this year after a rapid rise in prices driven by the now-banned Developer Interest Bearing Scheme (DIBS). Some of the units bought with DIBS and other forms of rebates are back in the market today, at prices that are much lower than the original selling prices two years ago, and CBRE-WTW managing director Foo Gee Jen said this is particularly apparent in Johor Baru, Kuala Lumpur and Kota Kinabalu.”
“Foo observed that sellers are a lot more realistic today and the gap between asking and concluded prices is narrowing. ‘I believe strongly that the price correction has started. A lot more developers are taking note of that. A lot of them are suffering, some of the high-end products are not moving and if you go into their showroom it is very quiet.’”
The Australian Financial Review. “The large crowds of Chinese buyers prowling at auctions during the peak of the recent Sydney and Melbourne residential boom have all but disappeared, but property agents and lenders say they have not gone away. Chinese buyers featured prominently in the east coast boom of 2012 to 2016 but local banks’ clampdown on foreign lending, China’s capital transfer restrictions and the Foreign Investment Review Board’s surveillance of rule-bending Chinese buyers have pushed many out of the Australian market in the past year.”
“China’s increased control on foreign exchange at the end of 2016 did not help. Chinese property website ACProperty has experienced a 30 per cent fall in inquiries, and while Chinese interest was still high, the ‘time taken to commit’ was longer, co-founder Esther Yong said.”
“Even the luxury market – where funding is generally not needed – has been hit hard. Chinese luxury agent House18’s Michael Zhu said one of his clients, with strong credentials, took two months to clear his purchase of an $8 million home with FIRB. In the end, the vendor backed out of the sale. Mr Zhu said there had been a 20 to 30 per cent drop in clients.”
“But many potential buyers are preparing for the next round of investments in Australia, off the plan platform iBuyNew chief executive Mark Mendel said. ‘Active investors are still keen to buy and they are educating themselves on finance opportunities outside the market. For the rest if the banks start lending again, they will be back tomorrow, 100 per cent,’ he said.”
‘one of his clients, with strong credentials, took two months to clear his purchase of an $8 million home with FIRB. In the end, the vendor backed out of the sale’
What? I thought these Chinese had teenagers driving Maserati’s who could close on a measly 8 million pesos.
‘many potential buyers are preparing for the next round of investments in Australia, off the plan platform iBuyNew chief executive Mark Mendel said. ‘Active investors are still keen to buy and they are educating themselves on finance opportunities outside the market. For the rest if the banks start lending again, they will be back tomorrow, 100 per cent,’ he said.’
Banks aren’t going to lend again anytime soon Mark.
‘Brisbane’s apartment market outlook is “ominous” thanks to reduced foreign investment and tightened lending, as Queensland builds almost double the number of apartments than in its previous market peak in the late 1990s. Lower investor activity and the state government’s new foreign-buyer surcharge could snowball with strong supply in inner-city suburbs to create short-term turbulence, according to a new report by Perth-based property firm Momentum Wealth.’
“Given the high levels of activity in the Brisbane apartment sector coupled with this easing demand from foreign investors (who predominantly buy in this property segment), the short-term prospects for the apartment market are ominous, particularly in areas with a high concentration of new projects, either planned or under construction,” he said.’
‘Managing director Damian Collins warned investors to avoid suburbs with high concentrations of new stock and opt for existing homes. “The research report explains that as the pipeline of new apartment projects comes to market, it’s going to weigh on rental returns and capital growth for these types of assets, particularly in those areas with a high concentration of new stock,” Mr Collins said.’
‘The report found there were “serious supply concerns” within the inner ring, notable in Brisbane city, South Brisbane, Newstead, Bowen Hills, West End and Kangaroo Point.’
Have not had time to play in quite a while but I do today Ben. Belated Happy New Year. Appears that some Chinese still do have 8 million “pesos”:
http://www.shanghaidaily.com/business/real-estate/Chinese-investors-buy-more-overseas-properties/shdaily.shtml
BTW, Rasmussen was one of the most accurate polls in the last election and people that followed it were not shocked by the great result. Now people should know what margin of error means and the fact that Romney was never really out of the running until votes actually were counted which was always my point, not a prediction Romney could win but he might win.
Same source as up above on China, while we have been going back to giving anyone who can fog a mirror a loan:
BANKS in Shanghai saw outstanding bad loans and non-performing loan ratio drop last year as lenders curtailed their loans to certain sectors such as property to control financial risks, the local banking regulator said yesterday.
The NPL ratio of lenders in Shanghai shed 0.23 percentage points from the beginning of last year to 0.68 percent at the end of December, when outstanding bad loans shrank 7.6 billion yuan (US$1.1 billion) to 40.4 billion yuan, the Shanghai Office of China Banking Regulatory Commission said in a report.
The improved loan quality was mainly due to “prevention of risks and strengthening of services,” the report said.
As Shanghai raised down payments for first-time buyers and tightened their eligibility for mortgages in November, banks in the city conducted a so-called “diversified credit policy” on mortgage applicants and squeezed credit in the property sector.
“The policy should be strictly carried out to curb speculative house buying frenzy to avoid risks,” the regulator emphasized.
Shanghai lenders grew their total assets by 11.3 percent to 14.42 trillion yuan last year, according to the report.
Hi, Dan! Welcome back, but be warned, there are a number of people here who’d like to serve you some Szechuan crow. Hope you have as thick a skin as Trump.
I have already raised the issue. I was wrong on the oil call. I admit it. Nobody is perfect. However, I was right on the fact that Russia was in better shape to survive an oil war than either the Saudis or the frackers. What shocked me was the stubbornness and stupidity of the Saudis and Obama not to the see the above fact. We gave away our oil destroyed the fracking industry which damaged related industries in the rust belt, such as steel pipe and natural gas producers in PA and Ohio. The Saudis ran through their money reserves and damaged their oil reservoirs. The price for Trump getting elected was for me to be wrong. I am happy to pay that price. I am one of the few posters to always use the same name because I stand by my predictions, now I have one wrong so what?
Exactly, you were blindingly wrong on the oil call, yet you were as arrogant an SOB as anybody has ever encountered. Here’s your crow, cold and rotting…
Sorry I do not who you are, I guess you made so many wrong predictions you had to change your name. Now, you are calling me out on one bad call? Even in the bad call, I had the facts right. The Frackers and the Saudis could not ultimately prevail against the Russians.
Just ignore the trolls Adan…Welcome back…
“Hi, Dan! Welcome back”
+1
https://www.youtube.com/watch?v=Mmm3KTa601s
Trump’s skin is so thin Tom Ford penetrated him.
When will Trump go after the Chinese using fake yuan to buy US properties?
Your skull is so empty there’s room for the entire blog.
“Welcome back, Dan.” That’s all that needs to be said.
“Welcome back, Dan.”
Ditto. BTW, don’t forget to tap that Paypal button.
Oh and btw, HBB in general will be gratified to see your opinion of the “great result.” The election turned HBB quite political over the past six months.
I missed it, the first time I checked was late Sunday. Have not been even stalking for over a year.
I meant not a prediction he would win but that he could win. Of course, he believed his own internal polls that he had the election in the bag and played prevent defense for the last few weeks of the election and as any football fan knows “prevent” defense is often a mistake.
Thank goodness you’re back Dan! I was starting to worry since you dropped off pretty suddenly. I guess you’re still pro China… would appreciate and boots-on-the-ground info.
I am not pro-China I hope Trump rips it a new one. However, China is not as weak as this site seems to believe. Trump is right China is killing us. I think many that have been predicting the imminent demise of China have been actually been people that benefit from importing Chinese goods and do not want people to see the true threat China is.
You’re pro DebtDonkey.
The CIA on a PPP basis has China’s GDP greater than ours and that has been true for a few years. On a dollar basis when I first started to argue with most of the board its GDP was 1/2 of ours, now it is 2/3rds. That is my point, China is our real rival not Russia. It is wishful thinking that it is imminently going to implode.
December 15, 2016
“The industrial part of Dongguan, which lies just outside the city centre, is ground zero of China’s painful economic transformation. Under the weight of a slowing global economy, coupled with an ageing labour pool and surging wages, China’s export-oriented manufacturing industry is losing its competitiveness, hitting Dongguan hard. Advertisements to rent or lease space can be seen everywhere, while the remaining businesses are just hanging on.”
“The owner of a textile firm who declined to be named said: ‘The biggest problem now is that our orders are very unstable, we don’t have any big orders now, and also, the workers are unstable so it’s tricky. They’re very mobile because we can’t guarantee them an ideal wage if our orders are not big or good enough.’”
“Elsewhere, businesses are lamenting Dongguan’s dwindling fortunes. Zhai Jinhuan, the owner of a grocery shop, said: ‘There aren’t many people in the factories now. In the past, each factory had thousands of workers; now you can’t find any. At most, they have a few hundred.’”
“According to local media reports, the manufacturing hub has suffered a spike in factory shutdowns since 2014 due to the economic downturn. The Beijing News, for instance, said that in 2015 alone, more than 4,000 companies, mostly in the electronics industry, shut down in Dongguan.”
http://thehousingbubbleblog.com/?p=9923
GDP is meaningless
“China is our real rival not Russia. It is wishful thinking that it is imminently going to implode.”
I think it is going to EXplode first. Deploys an ICBM because it doesn’t like what was said and because we don’t want to buy their crap anymore and because our president chose to speak with Taiwan.
Unfortunately the US politicians created the situation. Thanks, Nixon! Thanks, Kissinger! And thanks to the congressional turds who let this go on and on and on over the years. Hope the first strike is in Bezos’ neighborhood and hope I get a laugh before the lights go out.
I think it shows that China is the real threat. Now, China does have a number of problems. Running out of both oil and coal. Which is the reason it signed global warming agreements with the U.S., it gave up nothing since it had to cut back on the use of both and we gave up our strongest card against China our rich fossil fuel resources.
BTW, these resources will help Trump create high paying jobs, but rising interest rates will slow the economy so a much higher than last year will be hard. However, two 1/4 point rate hikes this year will not hurt Trump land house sales since that adds $500 a year in interest on a $100,000 dollar house in flyover territory, but should have a major impact on the one million dollar areas which are largely in the blue states.
Obama leaves us $20 trillion in federal debt but there is a small silver lining in that amount. If you achieve 2% growth and 2% inflation, you could add almost $800 billion in debt without changing the debt to GDP ratio.
“Under the weight of a slowing global economy, coupled with an ageing labour pool and surging wages, China’s export-oriented manufacturing industry is losing its competitiveness, hitting Dongguan hard.”
Why are wages soaring? Could it be the Chinese are producing goods much more profitable than the textile producers make and people are shifting to those industries ? Produce robots and compete with the Japanese with their wages, produce shirts and compete with Cambodia and its wages. Chinese make closer to $5 an hour now instead of the 10 cents an hour they made in 1979. There are sure to be some losers in the textile plants but it does not say much about the overall Chinese economy. I say these stories serve the interests of the globalists since they suggest weakness in the Chinese economy. The real story is the Chinese have gone from walking to driving cars. The Chinese car market is now much larger than in the U.S. It is higher wages that made that possible. The Chinese internal economy is displacing the need for increased exports.
If you’re buying a house in a million-dollar area, then you are wealthy enough that you shouldn’t be taking advantage of the taxpayer via an FHA loan.
And if you need an FHA loan because you can’t scrape up 10% down, then you shouldn’t be buying a house in a million-dollar area.
I agree but a half point increase in interest rates will hurt million dollar sales even if they are not financed by FHA and the person can pay the 10% down. The increase will also reduce the number of people using home equity loans both because it will reduce appreciation and because it will increase monthly payments.
And that’s a positive bullish outcome.
Thanks Oxide, I meant when I often said you were one of the people on the other side who I respected.
Newsflash… I’ve gone a bit conservative. The short version is: I grew up middle class. I am pro-job and anti-invasion. The globalist establishment is anti-job and pro-invasion. Not to mention the high and mighty attitude of the social justice warriors.
I still have some lib views, but everything’s a trade-off these days. At the moment, the globalism is more damaging. I’m just hoping that Trump can enact his pro-job policies and stop the Republicans in Congress from privatizing everything in sight.
“I guess you’re still pro China… would appreciate and boots-on-the-ground info.”
Info? Try lies and propaganda…
Stick a pitch fork in it Dude (HA)…Your shtick is childish…Go play somewhere else…
I wasn’t talking to you. Are you really that insecure?
Funny somethings do not change. Speaking of not changing sounds like this person got back to his old lifestyle quick:
http://detroit.cbslocal.com/2017/01/24/michigan-man-whose-drug-sentence-commuted-by-obama-is-shot-dead/
Word going around in my neck of the woods is that a chinese billionaire who bought a luxury golf course development a couple of years back is now nowhere to be found, so the deal is looking pretty iffy. Good riddance, hope there’s plenty more stacking of bodies to come.
Pro Immigration Advocate to Americans: You Do Drugs and Conduct Wars, Therefore, You Don’t Deserve Borders
https://www.youtube.com/watch?v=OLcAne0meGM
Someone didnt get the memo: you lost. Bigly! Now get out, out out out!
Ontario?
IT LIVES!!!!!!!
“It lives well. Obama’s oil war on Putin backfired big time. Slowed the U.S. economy and got Putin mad causing Hillary to the lose the election because Putin revealed the truth about her. Was wrong in the short term on oil because Obama and the Saudi’s were dumber than I could believe. But because I was right on Saudi oil reserves, the Saudi’s had to curtail supply because of the damage to the reservoirs. Made tons of money on BHI as the stock went up and down and I wrote options strategically. Check my earlier posts and see if I did not recommend BHI and then check its history. Still believe you play shale by buying the drillers, it still is a Ponzi scheme for the actual producers.
‘China’s questionable GDP numbers: Why does it even bother?’
‘The quality of Chinese GDP data is often questioned, given the National Bureau of Statistics can pull together all the threads of the world’s second biggest economy into a coherent narrative just three weeks after the quarter ends.’
‘The admission this week from the boss of Liaoning province that the GDP books for his steel and coal-dominated jurisdiction had been cooked for years has not helped matters.’
‘The National Audit Office found revenues from Liaoning’s industries and state-owned enterprises were at least 20 per cent higher than what should have been reported between 2011 and 2014, with 2013 representing the peak in creative accounting for one area at 130 per cent over the odds.’
It’s funny. Usually, when a firm cooks the books, it’s done to hide income and thus pay less income tax. But in the bizarro economy, the opposite is done. And China is the poster child of the bizarro economy.
And speaking of China, it looks like I won’t get to go there on a business trip, because my division laid off every single employee at the Beijing site. The corporate HR spokesperson in Beijing said that decision had nothing to do with Trump
So use the CIA numbers. However, even China does not just add up the local numbers because it knows that at the local level many of the party officials lie. Still does not change the fact that China is still growing at probably almost three times our rate.
my division laid off every single employee at the Beijing site
Doh. Our biggest customer looked like they were moving almost everything in Shanghai to Malaysia but suddenly that got put on hold.
My employer laid off 7% in the a week or two ago. Ah fun times. Mostly people in Silicon Valley or other offices I guess, no one from our small office.
Most meetings since then have been damage control.
got Putin mad causing Hillary to the lose the election because Putin revealed the truth about her
Apparently, that’s what a lot of Hillary supporters believe. Trump said that she made the mistake of campaigning in the wrongs states.
One of the few things I would agree with Hillary supporters on. However, Putin did not take her down with lies, he exposed her lies and that is a big difference. Why her campaign did not have better security is amazing. Obama was running the same play which Reagan used to ultimately destroy the Soviet Union and Putin being KGB during that period knew it. Did anyone truly believe Putin would not retaliate? As we say in Vermont: When you eff with bull you get the horns.
Hillary’s biggest mistake was over estimating her entitlement.
was over estimating her entitlement ??
Maybe, but with 63,000,000 votes and only 100,000 total turning three states its hardly some kind of mandate…I know you want it to be, but just because you say so does not make it reality…
“However, Putin did not take her down with lies, he exposed her lies and that is a big difference. Why her campaign did not have better security is amazing.”
Putin = Seth Rich and the disgruntled folks at the NSA. Got it.
Leaks, not hacks.
Alternative facts!
Alternative facts from alternate reality = lies and delusion.
That’s not something to be proud of or support.
Natasha!
“Did anyone truly believe Putin would not retaliate? ”
America lost a covert war with Russia, because it didn’t even notice it was at war until too late.
Obama in particular, and American (and the Western) establishment in general, made a huge mistake underestimating KGB-mafia-run Russia.
Now those who discount the ramifications of Putin’s victory over our democratic institutions are similarly underestimating its long-term effect.
It’s not over.
“Now those who discount the ramifications of Putin’s victory over our democratic institutions are similarly underestimating its long-term effect.”
The globalist “tell”.
Putin didn’t do it, but if he did, then he would have turned out to be the best friend the US ever had. And he ain’t that.
Mr. President Trump is a sophisticated statesman…… with a squad of sexy strumpets.
It is over for your agenda for now Miss Russia. Putin didn’t jack the votes in our election. The Dems got pants-ed and we are all better off for it, because the butt ugly truth was revealed. Whoever did it was our best friend. What kind of mind calls the truth exposed “losing a covert war”?
Dave, I think you have no idea what I want. Don’t be so circular.
“What kind of mind calls the truth exposed “losing a covert war”?
A globalist, Blue. It’s the globalist vs. populist paradigm.
The idea that Putin would be the one to discover that Podesta’s email password was “password” is beyond laughable. I’m quite sure he has plenty of other stuff to do besides sitting at a computer trying to figure out Podesta’s password.
Michael Binney, the guy who tried to clean up the NSA, was one of the people who said the leaks came from within the intelligence agencies, and I believe him.
I can’t help thinking how Serge Obolensky would have found all of this so dreary.
“America lost a covert war with Russia, because it didn’t even notice it was at war until too late.”
Obama knew and so did our intelligence services. However, to call him out on it, they would have to admit that the U.S conspired with the Saudis to take out Putin by creating an oil glut. Why did we conspire with them? Because the Gulf states and corporate interests wanted to run a natural gas pipeline through Syria. Since the Gulf states are fanatical Sunnis, they had to take out a nominal Shiite (actually Alewite) state that really was secular. Putin worked to prevent that from occurring. Essentially, Obama and the intelligence community were supporting factions no better than ISIS. In fact, at sometimes they were supporting ISIS. Obama bet Hillary would win and there was no need to risk outing that fact. He lost and I would say America won.
The cover story that Saudi was going after the frackers made no sense. By cutting production by one million barrels or approximately ten percent, they could have maintained oil at twice the price today. Instead the Saudis raised production by one million barrels a day essentially creating the glut, they claimed they were fighting. Oil shale would have peaked on its own since there are only a finite number of sweet spots. Read what the Saudis are now saying today about fracking and it essentially what I said two years ago.
What a propaganda-driven viewpoint. Russia was trotted out as a bogeyman a couple of years ago because neoconservatives needed to create a threatening enemy in order to justify our empire’s continued existence.
It can, and should be, over.
oil shale= shale oil, there is a big difference but it is not important to the post.
“By cutting production by one million barrels or approximately ten percent, they could have maintained oil at twice the price today.”
Still not seeing the elephant in the room!
@Blue Skye - “It is over for your agenda for now Miss Russia.”
I’m afraid you’re right - but it means you all will lose, too. If it’s “over” for my agenda, it means freedom lost, fascist/criminal authocracy/oligarchy won, the end.
What is “my agenda”? Number one - I want to live in a Western democracy, i.e., in a free country where my rights and personal freedoms (including property rights, btw) are protected by the law. I emphatically DO NOT WANT to live in an Orwellian nightmare of the modern fascist Putin’s Russia.
You guys have no clue who you’re rooting for. Those of us who’ve seen this movie before are terrified, and with a good reason.
I don’t give a shit about Clintons. I detest Hillary. She was a horrible candidate, and I blame democrats for this Putin-stooge nightmare we now have installed in the Oval office.
Who here prefers to pay double the price for gasoline.
Bueller? Bueller? Bueller?
Sorry Blue Skye but shale oil wells typically decline 2/3 in production, the first year. They have a steep decline even after that first year. There are a very limited number of areas where shale oil can even be produced at $70 a barrel. There is not a true glut of oil in the world. Demand is still increasing by 1.3 million barrels a day per year. We are closing in on using 100 million barrels a day of oil, fixing a one million barrel surplus is not hard if you want to, the Saudis did not want to since they wanted to take out Putin. Now, they want higher oil prices. Even at its bottom oil was three times what it was at its 1999 bottom. That is Peak Oil folks even if people want to dismiss it.
So to connect the final dot, you have traded a short period of lower gasoline prices for a longer period of higher prices. Not only did Obama hurt the U.S. oil industry, he slowed the adoption of alternative energy, which is more than a little ironic. We substituted a lot of trucks for Prius cars in this country. 50,000 Tesla cars does not even come close to making up for it.
A globe awash in excess oil and falling oil demand.
Remember….Nothing accelerates the economy like falling prices to dramatically lower and more affordable levels. Nothing.
“Sorry Blue Skye but shale oil wells…”
Nope. That’s not the elephant.
I’m curious, where exactly did you see this movie before? What movie was it? “Red Dawn”?
“I’m curious, where exactly did you see this movie before? What movie was it? “Red Dawn”?”
I’m from Russia, and intimately familiar with this movie. After a short break, it’s been playing over there non-stop for the past 17+ years.
But the plot is a classic, and it’s been playing all over the world. “A right-wing politician consolidates power on the wave of nationalistic populism, and replaces democracy with authoritarianism. Murder/jailings, mayhem, economic shenanigans and occasional wars, ensue.”
trumps wants to borrow some more money from uncle fed to fix some roads.
one dollar less than Screech = winning.
AZ is he living rent free in your head too? Check this out from the previous comments:
Comment by MightyMike
“That map is meaningless. More people voted for Hillary than Trump. The American people preferred her and got Trump.”
Pure comedy gold.
I have a theory on this mr jones.
CA is the main reason horseface won the popular vote.
“Hillary Clinton garnered 4.3 million more votes than Donald Trump in the nation’s most populous state.”
A lot of republicans didnt even bother to vote in CA because it seemed futile. They have given up here.
Outside of CA trump won the popular vote too.
Your team got the most runs, but mine got the most hits. We was robbed!
A lot of republicans didnt even bother to vote in CA because it seemed futile. They have given up here ??
Thats a bunch of BS….The entire Central valley and most of the counties outside of the major metro’s vote significantly republican…The fact that Hilary got so many votes in California should not surprise you…It is the most populated state now isn’t it…Whats your suggestion, that somehow the California votes should be “discounted”…If thats the case, lets also discount the amount of friggen money we send to the FED’s…
“The fact that Hilary got so many votes in California should not surprise you…It is the most populated state”
It’s certainly the poorest state in the US. That explains why CA voted for Clinton.
It’s full of white trash once you get 100 miles from the coast… vote rich for republicans.
Yes, Democrats keep calling them white trash and see how many you get to vote for your party.
Stupid is as stupid does. The less educated, the more prone to vote for smooth snake oil salesmen.
It’s time to get yourself an education. Enjoy your free schooling compliments of the HBB.
A lot of republicans didnt even bother to vote in CA because it seemed futile. They have given up here.
+100
On a tangent, an interesting tally was the Republican vs. Democratic votes overall in the House and Senate.
Since all House seats are in play, that is more applicable. Republicans garnered more votes in total by about 3MM votes.
The Senate is more complicated since not all seats were up. In total, DEMOCRATS got more votes than Republicans (by about 6MM votes). However, that’s not the end of the story. CA was one of the Senate seats up for election. But there was no Republican on the ballot due to CA’s primary process. Two Democrats were vying for the seat. So something like 7.9MM votes went to Democrats in the overall tally from CA, and 0 for Republicans.
If you divide the 7.9MM votes in the same way as the president, about 3MM votes go to the Republican (in a losing bid for the seat), but that’s a 6MM swing (D goes down by 3MM, R goes up by 3MM).
In other words, the Democrats entire 6MM margin of victory for the Senate is because CA didn’t have a Republican Senate candidate on the ballot. This doesn’t even factor in that two highly populated, and left leaning states (CA/NY) had 50% of their seats up for re-election and Texas had 0% of theirs up for re-election vs. 34% of the total.
Pure comedy gold.
pure truth as well
You’re butthurt. Admit it.
It sounds like you are. What are you so upset about?
“What are you so upset about?”
https://www.youtube.com/watch?v=U5TqIdff_DQ
Exactly MM….I wonder how long we are going to listen to the Butt-Hurt meme along with stopping feet and the screech…We are long past this…They won, they have both houses, they own it…
I’m upset that you can’t recognize just how liberal Trump actually is. Jobs for Americans — especially low-skill jobs done by minorities, getting them off welfare. Defending Medicare and Social Security et al from the privatization-happy Republicans in Congress. Repairing infrastructure. And get this: withdrawing from foreign wars, except for ISIS. No more Vietnam or Korea or Iraq-style interventions. Isn’t this what Democrats *should* have been doing?
Instead, you’re still crying and parroting old talking points.
Well it is official that Warren Buffett’s butt hurts, his railroad will not be as profitable:
http://www.shaleexperts.com/articles/Trump-Fast-Tracks-Keystone-XL-Dakota-Access-Pipelines-via-Executive-Order_999980066
“I wonder how long we are going to listen to the Butt-Hurt meme along with stopping feet and the screech…We are long past this”
3 days ago
https://www.youtube.com/watch?v=q2R2btO4MEo
And it enrages you.
@Ben Jones - “Pure comedy gold.”
His point was that losing popular vote by 3 million votes and winning electoral college by a margin of 100000 across three states is no mandate.
It’s not a “landslide”, it’s not even a “50-50 split” among the voters. So lets not pretend it is something which it is not.
If the same result were achieved by Clinton, and with the help of a hostile foreign power to boot, Trump supporters would have been the first to holler about no mandate, at the very least, and more likely, about the illegitimate President.
“Instead, you’re still crying and parroting old talking points.”
That’s all these people do, and then when you call them out on it they try to flip the script. It’s complete denial. They’re still in deep, deep denial about everything.
“how liberal Trump actually is”
The labels don’t apply very well.
Trump is a liberal Democrat.
Obama was a conservative Republican.
Better to judge actions than labels.
NYchk, what value is there in winning the popular vote? It’s meaningless. If Trump wanted to spend a lot of time trying to get votes in populated areas, he would have. Instead he hit the road scouring for electoral votes. He even made an effort to peel off one vote in Maine. Meanwhile Screech didn’t visit Wisconsin for 7 months.
Demographics should put a modern day Democrat in the White House will the slimmest of efforts. They have about what Screech got without lifting a finger. This was the biggest upset in modern US history.
I never said Trump has a mandate. I do say the Democrats don’t have a leg to stand on. Why don’t they muscle up their majorities in the house or senate? Oh, they lost those too. How about the statehouses? They lost those too-too!
I don’t care if people want to make fools of themselves talking about stuff that doesn’t matter. But if the Democrats don’t want to end up like the Whigs, they better wake up to the anti-globalist revolution. It’s gonna shake up the GOP too, and it’s a world-wide phenomenon. The EU is one election away from disappearing. The economies of China and Mexico (just to pick two) are going to be a lot different in 4 years.
With a landslide election victory and a mandate, Mr. President Trump will lead with decisiveness.
Exactly MM….I wonder how long we are going to listen to the Butt-Hurt meme along with stopping feet and the screech
Don’t forget the use of the words “rent free” when Trump is criticized. The Dear Leader is not to be questioned.
“they better wake up to the anti-globalist revolution”
All I hear indicates there is no awakening so far.
“they better wake up to the anti-globalist revolution”
Too often revolutions are co-opted by the least savory characters and result in suffering of millions.
It’s a tragedy that the blindness and smug corruption of GOP and Democratic establishment alike has let a Putin-supported populist slip in, and have himself a really good day.
Carter gave us Reagan and Obama gave us Trump. Love it or hate it that is the truth. Obama wanted to be the anti-Reagan and he was Carter II. It is something I said on this blog for years before I left. Took longer than I thought it would but Obama did real damage to his party.
There’s a new one. It wasn’t Hillary fault that she lost, it was Obama’s.
It is no accident that the professor that predicted elections based on objective indicators has been correct for decades. It is about the economy stupid and despite the spin by Obama, the economy sucked. The professor really tried to distance himself from his own methodology because of Trump. However, the WikiLeaks emails made her at least as unfavorable as him. Now, don’t even get me started about how the globalists sat on the grab them by the pussy tape until just prior to the election for maximum impact. But in the end they all lost because people hate the globalists. Ben is right, the Democrats better realize how unpopular their policies are. It is going to be much harder to demonize Trump in 2020, he will rise or fall on his actual record.
So yes Obama is primarily at fault for such a bad economy but Hillary gets the assist in the lost for being such a bad candidate.
@Albuquerquedan - “Obama gave us Trump… did real damage to his party.”
Agreed. I also blame Obama for what happened. He knew what he was dealing with, but he was a coward. Despite his intelligence, he lacked the street smarts and courage to fight, when one must.
He yielded to Hillary (he never should have supported her nomination), he yielded to GOP’s bullying (by withdrawing from forging bi-partisan cooperation), and he let a pathetic psychopathic third-world thug run circles around him.
@MightyMike - “There’s a new one. It wasn’t Hillary fault that she lost, it was Obama’s.”
It was Hillary’s fault that she lost (and that she ran).
It was Obama’s fault that he failed in his most important task, to protect the Constitution. When the heart of our democratic process is interfered with, whose fault is that? The buck stops with the President, IMHO.
“he yielded to GOP’s bullying (by withdrawing from forging bi-partisan cooperation)”
Oh stop with the same propaganda.
Read Woodward’s “Price of Politics”.
Obama withdrew from forging bi-partisan cooperation with the passage of the American Recovery and Reinvestment Act of 2009, which passed on February 17, 2009.
He got ZERO House Republicans to vote for it, and 3 Republican Senators voted for it, one of whom switched to be a Democrat later.
Based on Woodward’s reporting, this was based on the fact that Obama took an “elections have consequences” and “F ‘em, we have the votes attitude”.
He abandoned bipartisanship within a month of his inauguration.
And he continued that path with the steamrolling through the ACA and Dodd Frank.
He only reached out to the right after the midterms when he finally needed Republican cooperation to get anything done. It is naive to believe that the lack of bipartisanship was because of Republican bullying.
It was because of Obama’s bullying.
“It is naive to believe that the lack of bipartisanship was because of Republican bullying.”
Okay, lets say you’re right - but do you really approve of GOP filibustering and bullying for 6 years because Obama bullied them for 2 years?
So, six years of not letting anything of value get accomplished - because they were smarting from the first two? Real mature, not.
Read the book.
The stimulus bill simply set the tone for the relationship.
The book also documents efforts between Boehner and Obama to make budget deals later on (yes, after the House went to the GOP).
In particular, a large budget deal was scuttled because Obama caught wind of another proposal that might have been bigger, and he didn’t want to look bad politically…so he retraded Boehner at the 11th hour (to try to match the rumored larger deal), after Boener had already rallied support for a large (but not quite so large) compromise.
That retrade blew up that particular budget deal.
Yet the MSM didn’t report on any of Boehner’s efforts to compromise. Instead it created a “narrative” of GOP obstructionism, fed by the left, which was bought hook, line, and sinker by the masses. It reported none of Obama’s botching complex negotiations.
Real mature, not.
Trump in da house! Obama must feel like $hit looking at his failures…oh sorry accomplishments.
Obama must feel like $hit looking at his failures…oh sorry accomplishments.
doubt it
Obama turned out to be an extremely weak President. He had the intelligence and charisma to cement himself as one of the best Presidents in history, but instead was more concerned with his popularity and ended up something akin to George Bush III, bending over for Wall St. bankers, droning innocents in the middle east, embracing globalism and just sitting back watching all of the icebergs dead ahead, never taking the wheel to alter the course.
Regarding that map. I’m surprised that Zerohedge didn’t produce a version that includes Alaska. It could be positioned close to the Northeast to show that it dwarfs the entire Acela corridor.
…and to build the wall Mexico is supposed to pay for.
Not hard to do if you impose a border tax to pay for it. Now, if you insist on a literal check cut by Mexico, I really do not see that happening but that is more about semantics than policy.
American consumers will pay for a border tax, actually. Via higher prices.
You assume that the average uneducated and unskilled illegal immigrant pays more into society than he or she takes in unpaid medical bills, education of children and cost of incarceration. I do not. Individual businesses benefit from the cheap label, the country as a whole does not.
Should be cheap labor, saw that error just after I clicked on “add comment”.
Consumers will pay for the border tax on imports.
The U.S. has a consumer-based economy - if you tax imports, consumers will pay.
That’s just how it is, today. The future “production-based” economy is a fantasy, and it’s a huge question mark whether that fantasy ever materializes, and at what cost.
Miami, FL Housing Prices Crater 6% YoY
http://www.zillow.com/miami-fl/home-values/
Another Australian developer fails, leaving FB’s in its wake:
https://www.businessnews.com.au/article/Builton-failure-a-costly-housing-hit
caveat emptor!
Do they have a dovish central bank to bail these folks who got duped out?
Jesse Colombo @TheBubbleBubble 19m19 minutes ago
More
A $90 Billion Wave of Debt Shows Cracks in U.S. Real Estate Boom:
https://www.bloomberg.com/news/articles/2017-01-24/a-90-billion-wave-of-debt-shows-cracks-in-u-s-real-estate-boom … $IYR $VNQ
‘The Sunset Mall in San Angelo, Texas, added a glow-in-the-dark mini golf course in June, part of a nationwide trend of retailers trying to lure customers with experiences they can’t find online. Yet when a $28 million mortgage came due in December, the borrower couldn’t refinance it, according to data compiled by Bloomberg. The debt, part of a bond deal sold by Citigroup Inc. and Deutsche Bank AG in March 2007, was handed off to a firm specializing in troubled loans.’
‘A similar storyline is playing out at a 82,000-square-foot (7,600-square-meter) suburban office complex in Norfolk, Virginia, whose tenants include health-care services firms. The borrower stopped making payments on a $20 million loan that comes due next month and can’t refinance the debt, Bloomberg data show.’
My God. A glow-in-the-dark mini golf experience. That’ll get broke people shopping!
My young son went to a birthday party where there was some glow-in-the-dark bowling, accompanied by flashing disco lights. From the results, you’d be tempted to guess that accuracy isn’t important to a game like this. I’m amazed somebody didn’t end up sprawled in the pins.
https://twitter.com/caseyserin?lang=en
arrest casey serin!
Dang, we’re just full of blasts from the past today.
Hey Donk
Him again? Oh gads, like a rash that never goes completely away . . .
‘For all the talk of how expensive it is to buy a house in London or New York, the most expensive major cities in the world are all in Asia. In Hong Kong, Mumbai, Beijing and Shanghai, it now takes more than 30 years for a household with the local median income to buy a 90 square meter (970 square foot) apartment, according to Oxford Economics examination of price-to-income ratios across the world.’
‘And the return from rents in Mumbai, Shanghai, Beijing, and also Delhi are “remarkably low,” which could be an indicator that the valuations in those cities are “stretched.” In all four cities, gross rental yield was lower than 10 year government bond yields in 2016, unlike places such as Tokyo, Sydney, New York and Seoul.’
“We expect housing price increases to moderate in the coming years across Asia, with outright falls possible in some markets,” economists Tianjie He and Louis Kuijs wrote in the report. In addition to rising supply and efforts in some places to cool red-hot markets, changes in interest rates will also put downward pressure on prices.’
‘Low interest rates in the last decade have helped fuel house price growth across the world…’
You don’t say.
“helped”
That’s an understatement.
“I don’t know why they call it Hamburger Helper…it does just fine by itself!”
“December Existing Home Sales Plunge Most Since 2009, NAR Blames Rate “Surge” & Record Low Inventory”
http://www.zerohedge.com/news/2017-01-24/december-existing-home-sales-plunge-most-2009-nar-blames-rate-surge-record-low-inven
collapsing.housing.demand.
Decided I wanted to have a good laugh today, so I decided to listen to butt hurt NPR on the way into the office.
#1 topic: The Keystone pipe line
#2 topic: Trump is allegedly getting “bribes” from foreign powers
#3 topic: The death of the TPP and how it’s going to hurt so many American exporters because “reasons”
They think they can harass Trump into submission. Apparently, they don’t know him all that well.
“Apparently, they don’t know him all that well.”
Nobody does, even those that think they do, like me. It’s part of the fun of it.
Speaking of alternative facts while the same people that were predicting Trump would lose by a landslide say he is at 45% the most accurate poll in last election says this:
The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows that 57% of Likely U.S. Voters approve of President Trump’s job performance. Forty-three percent (43%) disapprove.
The latest figures include 42% who Strongly Approve of the way Trump is performing and 33% who Strongly Disapprove. This gives him a Presidential Approval Index rating of +9 (see trends).
PS. IBD actually had Trump winning by 2% in the national vote so we can argue that they were the most accurate but Rasmussen actually had the national totals right.
No poll showed that Trump would lose by a landslide.
http://www.vox.com/2016/10/18/13311128/polls-trump-clinton-2016-winning
https://www.willhillarywin.com/
I seem to recall predictions of a Clinton landslide.
Instead President Trump won in a landslide victory.
I’ll admit ignorance on this one…what do the “national” polls reflect, the electoral or popular vote? Combo of both?
If popular, 66M/63M = 4.7%. Not out of line with many predictions.
I am not agreeing with your math, need to add both of them together and then divide by the three million but to answer your question national polls measure the popular vote. You need to do state by state polls to determine electoral college. Sorry the electoral college caught people by surprise, it has only been around for about 230 years.
The point is, if “national” polls reflect the popular vote as opposed to the popular vote of each state aggregated into a total, then it’s no surprise the “polls” got it wrong (unless of course a candidate wins both popular and electoral votes).
Come on now. Just Google “Clinton” and “poll” and “landslide.”
That Vox article was three weeks before the election. Most polls showed a tightening closer to Election Day.
Rasmussen will probably just predict Republican victory every four years for the rest of our lives.
That Vox article was three weeks before the election. Most polls showed a tightening closer to Election Day.
So you going to ignore the other link? Sorry we can argue the semantics of what is a landslide all day but Hillary would not have been in shock and unable to even speak if she was expecting a close election, she was expecting a landslide election in her favor. Did not happen. Rasmussen consistently is one of the most accurate polling firms. Moreover, it does not pay the games that polls from the left play, where for weeks before the election it is a landslide and then just prior to the election they claim the race has tightened after almost half the vote has come in so they do not have to admit they over sampled Democrats earlier. It is not an accident, it is a strategy to help the Democrats. Trump beat the Democrats, the hostile press and their polls and the globalists in his own party.
So you going to ignore the other link?
If you want to say that some polls showed a Hillary landslide, then you’re correct. If an individual poll said different things at different time, then we should look at it what it said just before the election, not weeks or months before.
What does the iowa electronic market say?
NPR signature dread, LOLZ:
https://medium.com/buzzademia-now/all-endings-considered-how-to-end-a-story-the-npr-way-86f55605a6eb#.gsx1xb24i
Just the fact that some folks were mad at him for calling out Boeing/LockheadMartin for the cost overruns on AF1 and F35s. That tells you all you need to know.
Amerikka what a fukushima!
Whatever you do, never question the establishment!
Get in line and be quiet.
The enragement is driving the ButtHurt into more shenanigans.
First Capital Treasury Solutions yesterday echoed FNB Namibia’s announcement of an expected slowdown in house price growth
I’ve been watching the “Top Gear” replacement show: The Grand Tour. In a couple of episodes, they were driving dune buggies (or beach buggies in Brit speak) in Namibia.
What a desolate country that is. Outside of the capital (which wasn’t all that) there was absolutely nothing, just desolation. It’s nominal GDP per capita is $4000.
And this place had a bubble?
Bubble? I didn’t even think Namibia even had houses. I had to google-image just to find Namibian houses. All I found were a couple of leftover decrepit Western-style mini-mansions, and a few developments that looked like trailer parks in the sand… foreign aid maybe. I guess it really is all about mud huts.
Namibia’s house prices spark land grab fears | News | Africa | M&G
mg.co.za/article/2015-02-19-namibias-house-prices-spark-land-grab-fears
Feb 20, 2015 - It is becoming exorbitantly expensive to own a house in Namibia, which has been ranked as the country with the world’s highest property …
Namibia records 2nd highest house price growth in world | New Era …
https://www.newera.com.na/…/namibia-records-2nd-highest-house-price-...
Sep 30, 2014 - New Era Newspaper. Subscribe to New Era ePaper.
IMF fears housing price bubble bust in Namibia | New Era Newspaper …
https://www.newera.com.na/…/imf-fears-housing-price-bubble-bust-nami...
Mar 24, 2016 - Interestingly, the IMF has since 2012 warned repeatedly of a housing price bubble in Namibia and the possible effects of such a price bubble …
Namibia: House Prices Continue to Rise As Sales Decline… Median …
allafrica.com/stories/201603021341.html
Mar 2, 2016 - The fourth quarter statistics of 2015 reveal that the housing volume index declined by 15 percent, while house prices increased by 21 percent …
Nam has second highest housing price increase - The Namibian
http://www.namibian.com.na/index.php?id=128574&page=archive-read
NAMIBIA recorded the second highest house price increase in the world in June after Dubai, the latest FNB House Price Index released yesterday shows.
Amazing, the median house price in Windhoek is about $70,000 USD, while GDP per capita is about $4000. Assuming that the median income is $4000 (it’s probably only $2000) that’s about a 17x ratio.
For a house in a 3rd world sh!thole.
Also, from wikipedia:
Whites (mainly of Afrikaner, German, British and Portuguese origin) make up between 4.0 and 7.0% of the population. Although their percentage of population is decreasing due to emigration and lower birth rates
So it isn’t attracting or retaining Europeans. Must be a sweet place to live.
There is a remnant German community descended from the days when it was German South-West Africa, which would explain the excellent “Windhoek” beer.
Little-known fact: Behati Prinsloo is from Namibia.
They showed a few shots of the capital, Windoek (pop 350K). Here is an aerial view:
https://en.wikipedia.org/wiki/File:Windhoek_aerial.jpg
A description of its economy from wikipedia:
The city is the administrative, commercial, and industrial center of Namibia. A 1992/93 study estimated that Windhoek provides over half of Namibia’s non-agricultural employment, with its national share of employment in utilities being 96%, in transport and communication 94%, finance and business services 82%.[20] Due to its relative size[21] Windhoek is, even more than many other national capital cities, the social, economic, and cultural centre of the country. Nearly every national enterprise is headquartered here. The University of Namibia is, too, as are the country’s only theatre, all ministry head offices, and all major media and financial entities.[22] The governmental budget of the city of Windhoek nearly equals those of all other Namibian local authorities combined.[23] Several shopping malls were built in the post-independence era, including Maerua Mall, Wernhil Park Mall and The Grove Mall.[24]
Outside of the capital (which wasn’t all that) there was absolutely nothing, just desolation
probably similar to Nevada
I wasn’t referring so much to the climate, as much as the fact that the capital was pretty much the only real city in the country. Besides Las Vegas, Nevada has seven cities with more than 100K inhabitants.
Other than Windhoek, Namibia has none. Yo don’t get more third world than that.
I guess everyone wants to live in Windhoek, and they must be running out of land or something.
“Nevada has seven cities with more than 100K inhabitants.”
Each one a unique and special hell hole.
I’m sure I wouldn’t want to live in them, but I’ll bet the utilities work 24/7 and you can drink the tap water.
Time for da Boyz to pull the plug on the Trump election rally?
THE WALL STREET JOURNAL
Markets
Big-Bank Executives Have Sold $100 Million in Shares Since Election
The sales, coming as financial stocks soared, are more than in that same period in any year over the past decade
By Liz Hoffman and
Tom McGinty
Updated Jan. 24, 2017 8:53 a.m. ET
Executives at some of the biggest Wall Street banks have sold nearly $100 million worth of stock since the presidential election, more than in that same period in any year over the past decade, according to a Wall Street Journal review of securities filings.
The share sales occurred as financial stocks soared since Nov. 9 on expectations of lighter regulation, lower taxes and pro-growth economic policies.
…
Allen, TX Housing Prices Crater 19% YoY
http://www.movoto.com/allen-tx/market-trends/
Senior Housing Analyst,
With the odor vested in me, I make you Housing Manager as of January 24, 2017. Congrats! I know you will do tremendously tremendous job.
–DJT
Right on time! Buy our crappy schitt or we’ll kill you:
http://www.zerohedge.com/news/2017-01-24/china-deploys-icbm-system-response-trumps-provocative-remarks
AQDan, thought you died in ‘Nam?
No but I have built up so much annual leave it is amazing. Have been insanely busy at work. An actual snow day today. Northern Arizona and New Mexico have been clobbered but we need the water. BTW, have no connections to Trump but do know people that know Steve Bannon well. So far everything I hear is good.
No, health is great. It really just came down to time and wanting a few issues to play out before I came back. One was the election, I did not want to be another voice saying that the rust belt was turning even though I saw it turning. More resources should have been devoted by Hillary to that region. Certainly, she had enough globalist money. It was a nail biter, Trump was the first mainstream candidate I voted for since Bill Clinton in 1992. Man I regretted that one, but I hated Bush’s trade policy on China.
Sgt Dan Just lost his legs.
Really, where are my hookers?
I think your mean Lieutenant Dan?
Durn…. former Sargent Dan.
He is. That is why I mentioned the hookers.
Cooped up in a RageCage only seems like a double tour of Nam.
Right Lola?
What up puddy cat?
President Trump signed five more executive actions Tuesday in a blitz of executive power. No comment from congress.
The King says we lay pipe, USA built pipe.
Silverton, OR Housing Prices Crater 8% YoY On Skyrocketing Housing Inventory
http://www.zillow.com/silverton-or/home-values/
To Whom It May Concern
I am sorry.
But it never gets old.
https://www.youtube.com/watch?v=XnTnpN2H34A
Wars, good for the economy, bad for the balance sheet.
The latest diplomatic spat between the US and China erupted overnight, when China said on Tuesday it had “irrefutable” sovereignty over disputed islands in the South China Sea after White House spokesman Sean Spicer vowed to defend “international territories” in the strategic waterway. Spicer’s first official comments on Monday signaled a sharp departure from years of cautious U.S. handling of China’s assertive pursuit of territorial claims in Asia.
“The U.S. is going to make sure that we protect our interests there,” Spicer said when asked if Trump agreed with comments by his secretary of state nominee, Rex Tillerson. Two weeks ago, Tillerson said China should not be allowed access to islands it has built in the contested South China Sea.
“It’s a question of if those islands are in fact in international waters and not part of China proper, then yeah, we’re going to make sure that we defend international territories from being taken over by one country,” Spicer said.
This led to the now traditional escalating Chinese response, when, as cited by Reuters, the country’s Foreign Ministry spokeswoman Hua Chunying told a regular news briefing on Tuesday “the United States is not a party to the South China Sea dispute”.
EPA, the meat axe cometh.
Ah, the globalists are out in force today! Go buy a house in Namibia and have a ball. Georgi’s paying.
I don’t want the butthurt people to get over it, because where would we get our entertainment?
They are sliding into irrelevancy anyway.
However, their shenanigans lately have been *extremely irresponsible* and dangerous. (calling for assassinations, blowing up the white house, etc).
Scroll back 8 years and read up on the crying and tearing of hair that went on around here…
Butthurt and tossed in a RageCage. Nothing like adding insult to injury.
‘that went on around here’
Go ahead and prove something for once. I’m paying for the database.
It’s all right there… go to any day.
“I’m paying for the database.”
Praying you get that Trump admin job, Ben. I’m sure it’ll beat hell out of babysitting all the mudslingers (including myself), plus you’ll be in a position to help set housing to rights, I just know it.
Mr. Jones goes to Washington.
“Scroll back 8 years and read up on the crying and tearing of hair that went on around here…”
If you are referring to this blog what I remember 8 and 4 years ago was people on the losing side congratulating the Obama supporters on this blog.
I am not saying anyone was happy about it but I don’t remember “crying and tearing of hair” blaming Russia shocked members of the MSM or well organized marches with Putty or any other kind of hats.
That sounds impossible.
I’m sorry, a Puddy Hat
I Tawt I Taw a Puddy Hat
I Did I Did Taw a Puddy Hat
https://www.youtube.com/watch?v=e-B5vCLAoqw
“or well organized marches with Putty or any other kind of hats”
No-no-no, you’ve got it wrong. It’s easier to remember if you just go by color:
PINK Pussy-hats - on women protesting the Grabber-in-Chief. RED Putty-hats - on Trump-Putin supporters.
“PINK Pussy-hats - on women protesting the Grabber-in-Chief.”
Shouldn’t they wear blue dresses then?
Remember all the protests over Bill Clinton sticking a cigar up Lewinsky?
Neither do I.
I remember all the protests over Bill Clinton lying.
So, more protests to come - since we now have the Liar-in-Chief.
Well to be fair, WJC also took advantage of a female White House intern.
A fair number of people were upset at that. Funny thing is, I don’t remember anyone wearing pink hats protesting sexual misconduct in the Oval Office.
“I remember all the protests over Bill Clinton lying.”
Really? What brand of psychiatric drugs were you on at the time?
Well to be fair, WJC also took advantage of a female White House intern.
A fair number of people were upset at that.
My biggest annoyance was the finger in the face and the “you listen to me” with the lie. I’m waiting for Trump to do that…seems like it would match his personality. Not sure if it’ll be as annoying coming from him or not.
I am not saying anyone was happy about it but I don’t remember “crying and tearing of hair” blaming Russia shocked members of the MSM or well organized marches with Putty or any other kind of hats.
You must have forgotten about the birth certificate controversy, an attempt to argue that Obama was not properly elected.
“You must have forgotten about the birth certificate controversy, an attempt to argue that Obama was not properly elected.”
Not right after the election and not on this blog I don’t.
Nor do I remember marches or riots.
President Trump himself went on about the birth certificate for years. If everyone on this blog restrained themselves on the issue, that would be quite impressive.
The objection to marches is interesting. Marches and protests and so forth were an important part of various movements that made America a better country during the 20th country - the civil right movement, suffragette movement, the environmental movement, etc.
http://thehousingbubbleblog.com/?p=5056#comments
Day after Obama’s first election commentary…happy reading.
Comment by MightyMike
2008-11-05 09:58:31
“Well, the Republicans spent a lot of time right at the end of the campaign telling everybody that Obama would bring in socialism. The people heard that message and then went to the polls yesterday and voted him in. So we have decided that we want socialism. It should be interesting.”
Wasn’t that a great point on my part? He didn’t bring us socialism and he didn’t do any mass gun grabbing.
“Wasn’t that a great point on my part? He didn’t bring us socialism and he didn’t do any mass gun grabbing.”
So, what you are saying is that some of the fears from the GOP with respect to Obama turned out to be completely unfounded?
Huh, funny, that…perhaps Roe v. Wade won’t be overturned, Muslims won’t be put into internment camps, and the planet earth will survive and thrive.
Rental Watch
Any chance at day after Obama’s second election?
“So we have decided that we want socialism. It should be interesting.”
It actually makes a lot of sense, if you think about it. The rise to power for both left and right radicals is usually driven by populism and anger at “establishment” due to social frustration.
Obama promised change, but did not deliver. Now it’s Trump’s turn.
It’s no surprise that the only other viable (and no less terrifying) alternative to Trump in this election was Bernie-the-radical-socialist.
The people have spoken. They don’t care how painfully they might get screwed, as long as the lies are sweet and campaign promises are popular (populist).
Falling prices to dramatically lower and more affordable levels and jobs are a popular thing my friend.
http://thehousingbubbleblog.com/?p=7441#comments
Ask and you shall receive.
“Comment by 2banana
2012-11-07 05:30:06
Congrats to all obama supporters.
I hope he can provide the leadership needed to bring this divided country together.”
“Comment by Rental Watch
2012-11-07 10:29:57
We may now have Bernanke for another 5 years, more printing…got hard assets?
The really sad part is that if the deficit issue isn’t solved soon (like get us on the right path this presidential term), the middle class is going to get hit with inflation as well. To sum:
Middle/lower class: Double whammy of fewer services, and higher cost of “needs”
Upper class: Higher taxes partially (or more than) made up through inflation of the assets they own.
My only hope is that with no election looming for Obama, he is actually going to be willing to do some things that piss off the far left (like means-test entitlements, etc.), in order to make a deal on revenue-increasing tax reform with the right (a la Simpson-Bowles).
However, given his record on the matter thusfar, I’m not holding my breath.”
Did they ever make a p—y slouch hat
All I recall was people asking for the birth certificate and some house wives whining about getting their country back. I don’t recall any mass protests the day after he was elected or inaugurated.
And all the destruction of property, the looting, and rioting. Wonderful people.
They’re getting their own safe-space country in Honduras, called “The George Soros Home for the Criminally Insane”.
When Soros writes checks, he wants results.
Even Madonna was not quoted accurately.
Yes, I have thought an awful lot of blowing up the White House, but I know that this won’t change anything.
If I comment on Madonna even using language similar to what she used prior to the election, I might get banned my first day back. I think I will pass.
Was Chelsea Handler quoted accurately?
So ‘Tolerant’! Chelsea Handler Won’t Interview Melania Trump Because ‘She Can Barely Speak English’
https://www.youtube.com/watch?v=iw0sJyjxJDY
I hadn’t heard about her. That controversy must be confined to the right wing crackpot media.
Chelsea Handler leads Sundance edition of Women’s March
Patrick Ryan , USA TODAY Published 5:16 p.m. ET Jan. 21, 2017
PARK CITY, Utah — Nasty weather is no match for nasty women.
Early Saturday morning, thousands of bundled-up protesters took a break from devouring Sundance films to partake in the Women’s March on Main, one of nearly 400 events organized nationwide opposing the newly-elected president.
Chants of “Donald Trump has got to go” and “Love trumps hate” rang out through the narrow, slushy streets of Park City as women, men and even some children made their way to the hillside rally, where celebrities including Chelsea Handler, Maria Bello, Jessica Williams, Connie Britton and Aisha Tyler called for solidarity and support for women’s rights.
http://www.usatoday.com/story/life/movies/2017/01/21/womens-march-sundance-film-festival-park-city-chelsea-handler/96883004/
no mention of Melania in USA Today
“no mention of Melania in USA Today”
No doubt!
Sorry Mighty
Your MSM partners have been outed.
Chelsea Handler Rips Melania Trump: ‘She Can Barely Speak English’
KAITLAN COLLINS
“No,” Handler said during an interview with Variety. “Melania? To talk about what? She can barely speak English.”
After Hillary Clinton lost the election, Handler was in tears and said she “really, really wanted to move to Spain.”
Read more: http://dailycaller.com/2017/01/23/chelsea-handler-rips-melania-trump-she-can-barely-speak-english/#ixzz4WjQgzcPF
Thanks for confirming my point above.
Sova
filter gone
And how she specifically emphasizes “an awful lot”. No, this was not some temporary rage-fueled angry thought. This was something she really thought deeply about.
I have no issue with nonviolent marches and protests about which of the 26 genders is not getting their equal rights or whatever.
What I do have an issue with, is celebrities intentionally using that highly public venue to incite someone out there with a mental disorder to actually go through with it.
IIRC, CNN decided to air one of their John Hinckley documentaries the very next day after the election this year. A not-so-subtle message.
You and your people are slime, and you know it.
CNN and Madonna are trying to incite someone to kill the president and half the country (or whatever) are slime because of it? You remind of that goofball tj. LOL
Well, maybe not half the country. I haven’t counted.
The blame goes around to both sides, though. Again, IIRC, after one of Obama’s elections, that dude Ted Nugent was making public, not-so-subtle threats too. And yes, he was a piece of slime for doing it.
You remind of that goofball tj
you must be on some strong hallucinogens to believe i’d say something so inaccurate, and to believe that BFUB was actually saying that.
i agree with him that you and your people are slime.
it’s nice to see that you’re always thinking of me though.
You’re living in Whoppers empty skull rent free. Big Lee
You’re often out of touch reality, all in the service of getting angry at people. This probably makes you feel good about yourself.
oh no! not the ‘anger’ argument again! you sound just like my comrade. birds of feather, meltdown and comrade. two commies in a tree.
“You’re often out of touch reality, all in the service of getting angry at people. This probably makes you feel good about yourself.”
You tell him, bluenose. Make him see the error of his ways. Give it to him good with your best Cotton Mather imitation.
Brother Mike’s Travelin’ Salvation Show! Pack up the babies and grab the old ladies ‘cuz everyone knows Brother Mike’s shows!
It is one funny circus that is for sure. SNL loves it.
Just sell high and prepare for the crash.
http://bit.do/Drink-Up-My-Good-Friends-Drink-Up
Cupertino, CA Rental Rates Crater 8% YoY
http://www.zillow.com/cupertino-ca/home-values/
Rentals are doing strange things here in San Jose. The places that have to get things rented are lowering prices a little. Lots of other places seem to be saying “screw it” and raising prices even more and waiting for FOBs who don’t have time to shop around.
Trump advisers have suggested he’d consider lowering fuel-economy standards.
Exxon loves him! follow da $$$$$ Lets get back to 1972
http://www.whydontyoutrythis.com/2014/04/volkswagens-new-300-mpg-car-not-allowed-in-america-because-it-is-too-efficient.html
“Lets get back to 1972″
Great inflation of late 1972-early 1980s to come?
You will not see oil triple in price like it did under Nixon and Carter. Both of them tried government intervention instead of the free market to cap energy prices. All together a move from about $3 a barrel to $40 a barrel, not adjusted for inflation.
seems you have a lot of folks on entitlements out in new mexico these days.
Yes. However, the general lack of decent paying blue collar jobs in this country shares most of the blame for that situation.
65 mill on soc sec, lots in cheap southern, NM.
In 2012, 21,184, or 2.8 percent, of the state’s households received federal assistance payment in the form of Temporary Assistance to Needy Families and General Assistance. That was down from 22,248, or 2.9 percent, in 2011.
Nationally, 2.9 percent of U.S. households received federal public assistance in 2012, the Census Bureau said.
my house went up 100.00 today.
WELCOME BACK ALBUEQUEDAN
I wonder how many times I have been wrong. Oh well, I am old - er.
Daniel A. Crowman never left.
Coming from someone that has predicted a new housing collapse was imminently going to happen within months for eight years, it really is kind of rich. I will grant anyone that the housing market is manipulated just like the oil market was manipulated so predictions are difficult but the blind calling the one eyed man sightless is almost funny.
In the last week I’ve posted reports of 50% or more losses in Manhattan and Miami Beach.
And remember the “empty cites is how China does things” line you told us? A few months after you were locked up, I mean disappeared, they made it illegal to build empty cities. It turned out they wasted $7 trillion on them, by the governments own count.
I said at the time some of the cities would never get used but it would take decades to know for sure. I also said they provided jobs for millions of people that also learned how to build. I thought at the time and I still do that it is a better policy than to just pay people extended unemployment to sit on their butts or to encourage people to take early disability. It was like our CCC and WPA during the depression, a lot of make work jobs but they did some good and it was better than entitlements. So “wasted” is not as an objective term as you make it out. In the end despite the “waste” China continues to grow faster than us and while it better get a handle on its increasing debt, it can continue to grow faster than us for sometime. Just compare our external debt to China’s external debt it is truly shocking.
I still do not see the imminent hard landing which most of this board as been predicting for almost ten years. I do see a slowing but China continues to take a greater share of the world’s growth every year since it is at a much higher base.
http://www.usdebtclock.org/world-debt-clock.html
China’s external debt is 8.2159% of its GDP while the U.S. has an external debt of 99.224% ironically a lot of that is owed to China. Chinese monetary reserves are dropping quickly but they still hold over $3 trillion and are running a large trade surplus compared to our large trade deficit. Moreover, a major reason for the drop off in monetary reserves is their corporations have been paying off external debts. Lots of corporate (SOE) debt in China but it is offset by massive individual savings. China might implode someday but it is not imminent and the excessive housing spending of the past will not trigger it.
Wasted:
http://www.reuters.com/article/china-economy-investment-idUSL3N0TA2KP20141120
‘I still do not see the imminent hard landing which most of this board as been predicting for almost ten years.’
Ten years ago: January 2007. The majority of the US house price declines hadn’t even happened. The stock crashes, the bonds. What year was Lehman?
‘Bankruptcy of Lehman Brothers - Wikipedia
https://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers
Financial services firm Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15, 2008. The filing remains the largest bankruptcy filing in …’
Seems your recall is as bad as your forecasting. 2009 was a big year in foreclosures. I don’t know if it was worst in 2010, which was pretty bad too. I was rarely posting. Just a bits bucket everyday and maybe a Friday post here or there. I was working on foreclosures sometimes 30-40 days straight at a time. Somewhere in 2011, IIRC, I read a story about people camping out for houses in Huntington Beach CA. I posted a link and thought, what’s this all about? About a week later I found a report with a Chinese guy reading about a condo sale in Vancouver BC and he ran down and bought one immediately. That’s when I really started following the new frenzy. So you see, it hasn’t been 10 years. It just got re-started around 2011 and 2012.
I was talking about the imminent collapse in China not the housing market in the U.S. China created its housing bubble as a reaction to the collapse of the world economy in 2008. Your blog discussed China even prior to the collapse of the US housing market and subsequent recession.
The connection was people were pointing out around 2005-06 that people were using their home equity money from the soaring U.S. house prices to buy things including Chinese goods and many on this board were sure once U.S. housing prices collapsed China would collapsed. Instead China created its own bubble to create demand but it was then able to deflate it while still growing rapidly albeit at much lower than the previous 10% growth rates.
I schooled you on oil and markets. Now China?
“China’s questionable GDP numbers”
http://www.abc.net.au/news/2017-01-20/china-questionable-gdp-numbers-why-does-it-even-bother/8198196
They’ve had multiple bubbles and crashes. Garlic even. They told the media to only produce happy stories. That’s why I went from one China post a week to none. Everybody wants out. Even the UHS will tell you that. After the garlic bubble I decided China is just a silly hot mess and don’t really care how it all self destructs. I did hand out several Joshua Trees to them when Australia pulled the plug on their loans. Turned out, they don’t have any money. You probably didn’t see the Vancouver stuff when the hammer came down. Not even making the first payments on multiple shacks. The money-laundering is just stolen from somebody. Buncha losers, and stupid losers at that.
Amen, Ben, my sentiments ED ZACHARY! Mao really did a number, unfortunately. The best they can do is position an ICBM because somebody said something. Reminds me of what happens when you disturb one of those red ant piles we have here in Florida.
China goes from fake GDP data, to no data
The Australian Financial Review-21 hours ago
China goes from fake GDP data, to no data amid worries about housing market … surveys in a sign authorities are worried about a sharp property slowdown.
I am a huuuuuge fan of the Chinese crash.
They should convert some of those Chinese ghost-city buildings into casinos. Maybe more people would live there. It worked for Vegas.
Trump - can we get rid of speed limits and allow motorcycle on all trails? Sure would make it easy to get to some fishing holes.
https://www.youtube.com/watch?v=XnTnpN2H34A
Never gets old….
“Get your abortions now”
“Literally America is crying today”
“”brace for impact”
“feels like end of the world”
“how did it happen”
“different earth now”
“decency lost last night”
Yeah, you can find solace in that as America goes down the toilet.
obama sent america down the toilet. with a little luck, trump might just rescue it.
Praise the lord! Brother Mike’s here to show us all the error of our ways!
Today’s secret word is:
kleptocracy
That’s an important word to learn.
Lets practice: “Less free press leads to more kleptocracy.”
What up neoconchk? Who do we bomb today?
Yipeeee! Canada gets to sell more oil and we get their leaks,
http://www.businessinsider.com/keystone-xl-canada-oil-sands-photos-2017-1/#the-cat-797-dump-trucks-are-the-largest-in-the-world-and-can-haul-1-million-pounds-in-a-single-load–more-weight-than-a-fully-loaded-boeing-747-airplane-11
so pretty
It is better than Warren Buffett’s exploding rail cars.
That’s exactly right, Dan. Not only that, but today the Canadian working people are ecstatic. He just gave them more hope than Trudeau ever did, and I predict Trudeau will fade away.
And with manufacturing jobs here in the US, he’s also given hope that a lot of kids born in the USA to immigrants from south of the border will have jobs. Mark my words. They WILL have a chance at a middle class existence, a chance to live in modest but pleasant neighborhoods. When it finally dawns on their parents that their kids, who may not be geniuses, but for who they wanted a better life, might actually get jobs without being precariously dependent on the state or recruited into the cartels, there will be a sea change.
They will back Trump with the same ferociousness of the Africans who were given jobs by the Chinese, and ran the UN meddlers out of town.
Not only that, but today the Canadian working people are ecstatic. He just gave them more hope than Trudeau ever did, and I predict Trudeau will fade away.
Yeah, the globalist-in-chief is making Canada great again.
It makes no sense to think that Trudeau would suffer as a result.
Hey, Whopper.
Mighty Mike’s dim bulb thought process, that he thinks no one can see through:
“People might have hope. People might enjoy themselves. We can’t have THAT! This is not to be borne.
What to do, what to do? Hmm, they told me to find key words, points of agreement. Uh, duh, GLOBALIST! They don’t like globalists! Tuh, tuh, I’ll call Trump a globalist. Better yet, I’ll call him the GLOBALIST IN CHIEF! Genius!”
You were the one going on about Canadians. It’s supposed to be America First!
Broken Promise!
Broken lives around you, pal. I know what you’re doing.
Folks, imagine what it must be like to have someone like this around you 24/7. Nattering at you, picking at you, pointing out what you’re doing wrong, what you’re saying wrong, constantly enumerating your faults, correcting you. And not only that, but asserting his god-given right to do so.
That, my friends, is what hell is.
If you have anyone in your life like this, walk away. Fast. You’ll be surprised how much better you’ll feel.
I’m making fun of you and all of the things that you get excited about that make no sense.
And they rationalize why they do this.
Put-down, after put-down, after put-down. The people around them are so used to the constant hammer and pound, they don’t even realize what’s going on
Characters like this put on a complete front of morality and correctness, much like the priest who sermonizes from the lectern and then goes back to bother the altar boys.
Oh, yeah, I forgot to mention, when you call them on it, this is one of their tricks:
‘
“I wuz just joking, don’t be so sensitive (angry, etc. just fill in the blanks)”
See, now that part is their way of seeking license to continue with the constant hammer and pound of put-down.
No I didn’t say that I was “just” joking. I’m just making of your foolishness. Feel free to be sensitive and angry about nonsense and lies.
Yep, I’m feelin’ free, Brother Mike.
There it is! “Sensitive” “Angry” “Foolish” “Nonsense”.
I’m tellin’ ya, folks, if you have anyone, ANYONE like this around you, RUN!
Did I also mention how they do this “for your own good”? Or maybe the good of others, that’s another trick.
Geez, can’t ya just hear this guy’s mother?
“None of yer nonsense and foolishness, sonny, or I’ll get the switch!”
is it? 220 oil leaks in 2016.
http://money.cnn.com/2016/09/21/news/companies/aging-pipelines/
how many oil trains explosions?
http://fortune.com/2016/08/28/pipelines-vs-trains-oil-transport/
http://www.seattletimes.com/seattle-news/oil-train-derails-in-columbia-river-gorge/
Maybe we can avoid this.
Not a train, but last September, there was a major leak of 350,000 gallons of gasoline in Alabama. It is a major gasoline pipeline (Colonial pipeline). All the gasoline leaked right into the ground. The news reports at the time said it was difficult for workers to even approach the area because of fumes, and they had a no-fly zone above it. I think it took a while to get fixed. They say the environmental impact was “minimal”, but you know the land must be spoiled. Looks like it leaked again in early January too, a smaller one.
What we need to do, is invent rupture-proof pipelines. It would be a good time to do it. Trump just said today he wants all new pipelines manufactured here in the USA.
profits before people. we already have rupture proof, too $$$$
I don’t know anything about the politics of environmentalism, all I have to say to the energy industry is: “Please stop spilling things.”
Also, we get higher gas prices.
http://www.zerohedge.com/news/2017-01-24/why-keystone-pipeline-will-actually-raise-gas-prices-us
Albuquerquedan called the last housing bust correctly!
Redmond, WA Housing Prices Crater 18% YoY As Mortgage Defaults Accelerate
http://www.movoto.com/redmond-wa/market-trends/
FaKe NewS
This sounds expensive: Trump has promised to be the most pro-Israel president the US has ever seen.
That’s why prices need to fall my friend. Only falling prices can get this economy going again.
A lot of folks in ca didnt want to waste their time voting for trump because clinton was a shoe in for the electoral college votes.A republican hasnt carried CA in decades.That is fact. Look at the voter turnout.
CA got owned. Big Lee
not true at all… weed was on the ballot
“This sounds expensive: Trump has promised to be the most pro-Israel president the US has ever seen.”
This sounds like a Russian-wet-dream-come-true. Stir up shit in the Middle East, and enjoy higher oil prices.
Californians stocking up on ammo at a frenetic pace as the Comrades of Proven Worth (D) escalate their assaults on the 2nd Amendment.
http://www.breitbart.com/california/2017/01/24/la-metro-area-ammo-purchases-nearly-400-percent-effort-beat-gun-control/
Buy shares in Exxon???
Anyone following the $500 billion deal with Russia if sanctions are dropped? Who will the new sec of state visit first?
opportunity? I think I will add some.
http://www.politico.com/story/2016/12/exxon-mobile-russia-sanctions-rex-tillerson-232770
russia and exxon $$$$$$
From that article:
“One of Tillerson’s first big initiatives as CEO was to review the company’s position on climate change. According to the book “Private Empire” by journalist Steve Coll, Tillerson wanted the company to find a way to conform to the scientific consensus on climate change without admitting it ever strayed, which could open the door to tobacco company-style lawsuits.”
Interesting.
AFDI Video at #WomensMarch: Violence, Profanity and Hate, Our Reporter Attacked
By Pamela Geller - on January 24, 2017
http://pamelageller.com/2017/01/afdi-video-womensmarch-violence-profanity-hate-reporter-attacked.html/
false flag
dumb claim.
They look worse everyday.
NADA ON DACA
Donald Trump Has Already Broken Promises on Immigration
Not only has the president failed to ‘immediately’ reverse Obama’s ‘executive amnesty’ protecting young Dreamers from deportation, his advisers are signaling he has no plans to do so.
Betsy Woodruff
01.23.17 7:40 PM ET
Mark Krikorian is displeased.
Krikorian is one of the most influential advocates of stricter enforcement of U.S. immigration laws. He’s spent his career pushing for tougher border enforcement and lower levels of legal immigration, and he heads the Center for Immigration Studies, a small but productive think tank that researches the issue. Long before Donald Trump took his fateful ride down that gleaming escalator, Krikorian was gunning for the kind of policies he campaigned on.
And now, Trump has let him down. That’s because as the sun set on Trump’s first full weekday in office, it became clear that the reality star turned president had broken a key campaign promise: He had failed to reverse an Obama policy that protects hundreds of thousands of undocumented immigrants from deportation. Instead, two of Trump’s top lieutenants signaled that the promise may never come to fruition.
http://www.thedailybeast.com/articles/2017/01/23/donald-trump-has-already-broken-promises-on-immigration.html
fake news.
Trump is promising to announce breaking news on immigration tomorrow.
Soon we’ll find out how much that wall is gonna cost us.
Wow
The Left & Islam: Unholy Alliance
Paul Joseph Watson
Published on Jan 24, 2017
https://www.youtube.com/watch?v=r3NDeyR_1-U
So you’re wondering how this comes about, are you?
Most people are basically good. When they consider that they’ve gone too far into the dark, they try to stop themselves, just like a crook that wants to get caught and returns to the scene of the crime. They seek restraint and punishment, in fact they demand it and when you don’t oblige them, they demonstrate unimaginable fury.
You see it here on the blog in small ways sometimes, posters acting out until Ben bans them. Believe me, they are happy when Ben bans them, that’s exactly what they wanted because they feel they can’t contain themselves.
This is why these characters seek Islam. Islam will do the job others won’t do, give them exactly what they feel they have coming to them. People tend to punish themselves far more than others would.
To a normal person who is not self-loathing, this makes no sense. However, there are women who, despite what they say, would gladly follow in the footsteps of Janet Jackson.
Here is a property related article about Vancouver BC, from today. They are saying the Vancouver price declines are specifically from the foreign-buyer tax, rather than stricter mortgage requirements.
http://globalnews.ca/news/3201112/bc-foreign-buyers-tax-vancouver-home-prices/
Well, this sounds like a success by government. The tax is doing what they wanted it to do.
Higher taxes are never the answer!
meltdown finally came to his senses!
He’s tired. Time to pack up the travelin’ salvation show for the night.
It is a tax on foreign buyers, not their own citizens. They were trying to boot the Chinese out of the market, and it worked. But, yes, in general I’m not much of a taxes-to-solve-all-problems kind of person, but in this case it seemed like it was a good use.
Another tax they did was the 1% per year non-occupancy tax, but I’m not sure if that was for foreign buyers only, or for everyone. Unfortunately the article didn’t mention that one. I imagine it would affect a lot of the Chinese buyers who don’t live there all the time.
I was joking. Though your explanation reminds of the big taxes that get added to hotel bills. City councils know that people staying in hotels in their cities will be from out of town, so they set high tax rates on hotels.
Did your friend get another flight back to Seattle?
I don’t know what the f— you’re talking about.
I’m normally not a fan of government meddling with markets, and they definitely did intervene in their property market by penalizing a significant market participant. They have the right, it’s their market and their country. It comes down to how free do you want your free markets? Free to the entire world? Or maybe foreigners should have to pay extra to play.
“I don’t know what the f— you’re talking about.”
Passengers Cheer As Liberal Hag Is Thrown Off Airplane For Berating Trump Supporter
Published on Jan 22, 2017
https://www.youtube.com/watch?v=C-3XbycyQrk
“Big Joe” Rocks!
Trump Supporter Surrounded at Women’s March in LA
Published on Jan 21, 2017
https://www.youtube.com/watch?v=IPqrimR8GWw