January 28, 2017

So Many Listings-For-Losses In The Market

A report from the Miami New Times in Florida. “A study by Andrew Stearns, a real-estate analyst who runs the website StatFunding.com, paints a bleak picture for Miami’s condo market. Stears for months has warned that the massive glut of new condo buildings coming to market could hedge into anything from a brief period of ‘correction’ to a full-on real-estate crisis in the next few years. ‘Developers are getting stuck with unsold units at a time when overall condo inventories have built to over 13 months of supply at current sales rates,’ he writes.”

“In the resale market, just 13 new condos were ‘flipped’ from November through January — and all of them lost money. One home-flipper at the ultra-luxury Faena House in Miami Beach lost $4.75 million after reselling a unit built in 2015. In addition, more than 70 units are listed as ‘underwater’ — AKA their mortgages cost more than the homes are worth — and with such a glut of condos available, basically nobody is willing to lose money on an underwater investment.”

“‘Because there are so many listings-for-losses in the market, comparable sales prices are trending down, inventories are already at staggering levels, and thousands of new condo units will hit the market in 2017 and 2018, Miami condo flippers should expect losses on resale to continue,’ Stearns writes.”

The Charlotte Observer in North Carolina. “With the vast new supply of apartments hitting the market in Charlotte this year, it might seem logical that rents will come down in response. But that’s not what people watching the market are predicting. ‘Rent has been increasing pretty aggressively for the past several years,’ said Skylar Olsen, senior economist at Zillow. ‘2015 was when rents were growing the fastest across the country… It’s slowed down significantly.’”

“Erin Amon, market analyst with CoStar, said most of Charlotte’s new apartment supply will continue to be built in uptown, South End and South Charlotte. ‘Almost everything being built is high-end units,’ said Amon. ‘A lot of investors are coming in and doing ‘value add’ deals,” said Amon. ‘Basically we’re just getting rid of them (older units).’ All of that is contributing to Charlotte’s problem with affordability. Olsen said renters in the lower third of Charlotte’s income distribution pay 47 percent of their income to rent, while for those in the upper third, it’s about 13 percent. As Olsen quipped: ‘There’s not an affordability problem if you have the income to afford it.’”

The Chicago Tribune in Illinois. “‘Friends.’ ‘New Girl.’ ‘Sex and the City.’ When you watch just about any sitcom that features 20- or 30-somethings, you inevitably see them living in gigantic apartments located in spectacular areas of fun cities — no matter what the characters do for work (if they even have jobs at all). But if you’ve ever hunted for apartments in Chicago, you know that while these spaces might exist, they exist in … let’s call it a difficult-to-attain price range. ‘People can’t afford to live in these high-end, class-A luxury apartments,’ said Aaron Galvin, managing broker and owner of Luxury Living Chicago Realty.”

“For many renters, fiscal realities dictate that it’s not possible to have both the big space and the great location. So they make compromises. In many instances, this means choosing a desirable neighborhood at the expense of living space — sometimes a lot of living space. ‘We have studios that are under 200 square feet,’ said Mark Heffron, a managing partner of Cedar Street Cos. For other people, compromise means embracing a co-living model, renting out a single bedroom in a furnished apartment in which you share the common areas with a few roommates — typically strangers — who also rent single rooms.”

The Charleston Gazette Mail in West Virginia. “West Virginia University might close one of its older residence halls and force some future freshman students to pay to stay in one of the school’s public-private partnership apartment complexes. The Gazette-Mail first reported that WVU had been struggling to fill its apartments in summer 2016. Landlords from the area and WVU staff members said at the time the local housing market was oversaturated by too many recently constructed apartment complexes.”

From KFOX 14 in Texas. “It’s a good time for renters in El Paso County, according to a professor of economics at UTEP. Tom Fullerton said vacancies are on the rise in the area. The El Paso Apartment Association announced this week it’s dealing with low occupancy throughout the county. Fullerton says it’s because of overbuilt apartment developments. He says more apartment complexes have been popping up and that translates to higher vacancy rates.”

“‘This is essentially a renters’ market, and they have a better likelihood of being able to extract concessions out of the unit managers now than was the case … say, 12 or 24 months ago,’ Fullerton said.”

The Real Deal on California. “Concerns remain about how Downtown Los Angeles will absorb the thousands of luxury apartments delivering in coming years, with more than 7,000 high-end units now under construction. However, the submarket got through 2016 — a year during which 1,700 units hit the market — relatively scott free. Despite supply-driven volatility on a quarter-to-quarter basis, DTLA’s multifamily market closed out the year with an average vacancy rate 8.8 percent in 2016, a 0.3 percent decrease from 2015, a year-end report by CoStar shows.”

“‘This is the highest vacancy rate of any L.A. submarket by orders of magnitude, but the ability of the area to quickly absorb the past two years’ new supply is encouraging news for Downtown developers,’ said CoStar analyst Steve Basham, who authored the report.”

“The data was promising for projects that opened in 2016, Basham said. Blossom Plaza, a 237-unit mixed-use project in Chinatown, opened in June and was about 75 percent occupied by the end of the year, while the 320-unit Garey Building Apartments — Downtown’s largest new project in 2016 — opened in June and leased about 30 units per month, reaching 50 percent occupancy before the end of the year.”

“Carmel Partners’ Eighth & Grand complex, for example, was offering new tenants two months of free rent at one point last year. With those concessions factored in, DTLA’s effective rent growth was near zero percent, Basham said. As more units deliver, it is expected to continue to lag far behind the larger L.A. metro area. ‘It’s not really a huge cause for concern,’ Basham told The Real Deal. ‘You just have so much product the market at the same time that it was almost inevitable that rent was going to slow down. That’s just supply and demand.’”

From DnaInfo on New York. “What do Hunts Point, Mott Haven, East Flatbush and Flatbush have in common? They were among the areas in the city that saw the fastest rising rents for one-bedroom units over the past year, according to a recent heat map analysis by real estate listings site Zumper. Meanwhile, the biggest price drops were in pricey areas. In Brooklyn, Boerum Hill led the way with a 12 percent dip, followed by its neighbor Cobble Hill, down 10 percent, both to $2,750 a month. Battery Park City and Gramercy Park also saw 10 percent declines, to $3,750 and $3,600 a month, respectively.”

“Overall in Manhattan, there were four times as many neighborhoods that had recent rent drops compared to the same time last year, Zumper found. ‘Although many new, luxury buildings have been offering incentives, like 4 to 6 weeks of free rent, waived or reduced security deposits and parking fees, it seems even those options are not enough to justify the steep rents that are required to live in those buildings,’ said Crystal Chen, data analyst at Zumper.”




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213 Comments »

Comment by Ben Jones
2017-01-28 18:40:31

Also from the Charlotte Observer:

‘What do you do when a dog-washing station isn’t fancy enough for apartment renters anymore?’

‘Up the amenities another notch: Built-in dog food and water bowls, Vitamin C-infusing shower heads (for the human renters), free local produce for tenants, rooms with tools for people to brew their own beer. Those are some of the suggested amenities for renters that an apartment design expert suggested at the Greater Charlotte Apartment Association’s 2017 forecast on Thursday.’

“Just having a simple pet spa may no longer be enough,” said Jenn Zella, founding principal of CID Design Group. “They want something different, and not cookie-cutter.”

‘Here are five amenity trends in new apartments Zella said to watch for in 2017′

Comment by whirlyite
2017-01-28 20:12:43

The only amenity I want is a price I can afford!!

Comment by In Colorado
2017-01-29 07:59:57

At the prices they charge the apartment should come with a concubine.

Comment by Danke Kraeder
2017-01-29 09:00:51

Which makes it glaringly obvious why there is a tsunami of empty housing units.

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Comment by rms
2017-01-30 00:00:26

…aka furniture a la Soylent Green.

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Comment by new attitude
2017-01-29 11:24:58

I used to focus on saving money and getting stuff cheap.

Better to focus on making money. Then you can hire an illegal to clean your house and get a new car vs fixing the old on all the time. Time is most valuable, grasshopper.

Comment by Rental Watch
2017-01-29 17:26:51

I do a little of both. Mainly focus on how to make more money, but 1/10th of the time spent shaving expenses…after all, most expenses are after tax, gotta make more than 1x to pay for the expenses (2x if your marginal tax rate is 50% Fed+State).

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Comment by sacks of gold men
2017-01-29 10:34:00

Wow you guys. I was really impressed by the discussion yesterday..and I like the new girl especially. I’m not the sharpest spoon in the knife drawer and have not much critical analysis to offer, but this is a really good blog to follow (except for Ben’s alter-egos…admit it Ben. I’m sorry for barfing on your carpet—this is a test to see if this post will be submitted). Palmy, please never get banned.

Freedom of speech is something I will always cherish. Living in Vietnam now for two years, I can not say much about the government, without repercussions (I am only a guest). But somehow I feel much freer here.

BTW…the cranes have stopped moving in Saigon for about a year now.

The place I own in the OC: 1987 = $99,900 2017 = $350,000

Comment by Danke Kraeder
2017-01-29 10:55:36

From Brazil to Nam.

 
Comment by Prime_Is_Contained
2017-01-29 11:27:45

Living in Vietnam now for two years, I can not say much about the government, without repercussions (I am only a guest). But somehow I feel much freer here.

That doesn’t sound very free to me! Here, I can say what I please without repercussions. So why did you choose Vietnam, where you can’t?

 
Comment by palmetto
2017-01-29 11:34:51

“Palmy, please never get banned.”

Oh, dear, I have a feeling that’s not meant as a compliment.

I didn’t post much yesterday.

Comment by Prime_Is_Contained
2017-01-29 12:15:14

Funny, I took that as a compliment to you, Palmy!

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Comment by Ben Jones
2017-01-28 18:45:20

‘with more than 7,000 high-end units now under construction. However, the submarket got through 2016 — a year during which 1,700 units hit the market …DTLA’s multifamily market closed out the year with an average vacancy rate 8.8 percent in 2016…‘This is the highest vacancy rate of any L.A. submarket by orders of magnitude, but the ability of the area to quickly absorb the past two years’ new supply is encouraging news for Downtown developers,’ said CoStar analyst Steve Basham.’

‘Blossom Plaza opened in June and was about 75 percent occupied by the end of the year, while the 320-unit Garey Building Apartments — Downtown’s largest new project in 2016 — opened in June and leased about 30 units per month, reaching 50 percent occupancy before the end of the year.’

‘With those concessions factored in, DTLA’s effective rent growth was near zero percent, Basham said. As more units deliver, it is expected to continue to lag far behind the larger L.A. metro area. ‘It’s not really a huge cause for concern,’ Basham told The Real Deal. ‘You just have so much product the market at the same time that it was almost inevitable that rent was going to slow down. That’s just supply and demand.’

50% occupied. Can you say MONEY LOSER? Steve, BTW Steve attended the Rental Watch School of Real Estate and graduated with a degree in “What, Me Worry?” It’s an online school.

Comment by Rental Watch
2017-01-29 17:48:44

Blossom Plaza has 237 units opened in June and was 75 Leased by year end…this is about 30 units per month.

The Garey Building Apartments has 320 units and also opened in June, and was leasing 30 units per month, which got it to 50% by year end.

Doesn’t look like there is a lease-up issue yet (although rents are flattening).

I’m not saying that 7,000 luxury units in DTLA won’t be a problem if the owners want to keep rents stable for the higher end.

HOWEVER, 7,000 units generally is a drop in the bucket when it comes to the actual housing needed.

 
 
Comment by Ben Jones
2017-01-28 18:49:37

‘In the resale market, just 13 new condos were ‘flipped’ from November through January — and all of them lost money. One home-flipper at the ultra-luxury Faena House in Miami Beach lost $4.75 million after reselling a unit built in 2015. In addition, more than 70 units are listed as ‘underwater’…and with such a glut of condos available, basically nobody is willing to lose money on an underwater investment.’

Ho ho ho, Christmas came early in south Florida. There’s a graphic at this Florida site with all the bloody details, including how many are for sale in each tower.

Comment by palmetto
2017-01-28 19:04:30

You’ve been getting really good with the graphics lately. It would be awesome if you could find an image of one of those kitschy Christmas in Florida cards on line and post it. You know, the ones with Santa in a Hawaiian Shirt, or the eight reindeer water skiing at Cypress Gardens, or the palm trees with Christmas lights, or the babes in bikinis on Ft. Lauderdale beach with Santa hats, flamingos in Santa hats, too…the list goes on and on.

One thing we used to do well here was kitsch. It’ll make a comeback, some day.

Comment by Ben Jones
2017-01-28 19:15:12

Example

Example

Comment by palmetto
2017-01-28 19:36:05

Aw, thank you. Perfect. I’m not worthy.

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Comment by palmetto
2017-01-28 19:49:36

One good turn deserves another, Ben. You don’t have to post this if you want to keep it aside for when there’s a snowflake attack.

Anyway, here’s a shot of Hillary’s inauguration crowd.

https://i.redd.it/qnfdqoqt36by.jpg

 
Comment by Ben Jones
2017-01-28 19:52:03

Does anyone know what the reddish building on the right is?

 
Comment by palmetto
2017-01-28 19:59:55

I’m thinking it might be Catholic University. Oxy would probably know.

 
Comment by MightyMike
2017-01-28 20:18:59

I think that it’s one of the Smithsonian museums.

 
Comment by Avg Joe
2017-01-28 20:27:23

Smithsonian Castle.

 
Comment by butters
2017-01-28 20:44:50

Nah, here’s Hillry’s inauguration crowd.

http://the-auditorium.com/wp-content/uploads/2015/11/zombiegroup.jpg

 
Comment by phony scandals
 
Comment by oxide
2017-01-29 05:47:43

The reddish blob on the right is actually two separate buildings.

The left portion, which is a bit redder and more upright and pointy, is the Smithsonian Castle. The Castle was the original museum, now it a visitor center and HQ. The right portion, a little further away, the square thing with the dome, is the Arts and Industries Building. It was the second Smithsonian building, but now it doesn’t have a specific purpose. It had housed some special exhibits, but I think it’s under renovation now.

FYI, all those giant white, or tan, buildings up and down the Mall are the major Smithsonian Museums. Catholic University is, I believe, 4-5 miles away.

 
 
Comment by Patrick
2017-01-29 19:17:16

Thank you Ben for the Cypress Garden skier picture.

Such nice memories.

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Comment by oxide
2017-01-28 19:30:38

It will make a comeback when the Millenials are old and rickety. They can’t live on craft beer and snowboarding forever.

Comment by sleepless_near_seattle
2017-01-29 00:31:02

Millenials mostly don’t snowboard, they ski (hot dawg!) like their older-than-GenX elders. Snowboarding is now for us olds (GenX mostly) .

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Comment by butters
2017-01-28 20:42:49

Graphics are useless without nude pictures. :)

 
 
Comment by Prime_Is_Contained
2017-01-29 11:19:57

‘In the resale market, just 13 new condos were ‘flipped’ from November through January — and all of them lost money.

I simply _LOVE_ seeing that line in print.

News Flash for all of you flippers out there!!!

 
 
Comment by Housing Manager
2017-01-28 19:21:39

Flatbush Brooklyn Rental Rates Crater 11% YoY As Metro Rental Rates Slip

http://www.zillow.com/flatbush-new-york-ny/home-values/

 
Comment by 2banana
2017-01-28 19:26:52

$3,600/month for a one bedroom apartment in Brooklyn.

But you can walk to the bars!

 
Comment by In Colorado
2017-01-28 19:41:02

I thought I had seen everything, until I say this:

http://www.nocotownhomes.com/

The Townhomes at Library Park provide a superior urban living experience in downtown Fort Collins, yet feel a world away in the peaceful neighborhood setting of Library Park just two blocks south of Old Town Square. Prices start at $1,195,000. See Availability for details.

Who are they expecting to buy these condos? According to wikipedia:

The median income for a household in the city was $64,459, and the median income for a family was $89,332

I can’t envision there being more than a few households in Ft. Collins with income required to buy one.

But there’s no bubble in Ft. Collins. None whatsoever.

Meanwhile, you can rent an apartment at Lincoln Place in downtown Loveland for about $1200 a month. Of course, downtown Loveland isn’t as “cool” as old town in Fort Collins, so those Library Park condos must be worth a cool million”

https://www.apartments.com/lincoln-place-apartments-loveland-co/mp7y67l/

 
Comment by palmetto
2017-01-28 20:02:45

“Rocker Steve Miller‘s a joker, backing out of buying a $6.7 million mansion in Dutchess County at the last minute and leaving the owner in a lurch, a new Manhattan federal lawsuit says.

The “Fly Like an Eagle” and “Joker” singer had ponied up a $670,000 down payment to buy the Lagrangeville home of former Toys “R” Us CEO John Eyler — but reneged on the eve of the closing in December after an appraisal “greatly undervalued” the house at $4.3 million, the suit says.

The home sits on more than 87 acres.Realtor.com
Miller claimed that he couldn’t get approved for a mortgage because of the appraisal, which suggested he was about to overpay for the home by $2.4 million.”

http://pagesix.com/2017/01/26/rocker-steve-miller-sued-for-ditching-6-7m-mansion/?_ga=1.145594100.1198118420.1483451796

Comment by Raymond K Hessel
2017-01-29 08:22:01

73 years old and he was going to buy this huge property?

Downsize and simplify, man. Take the time to enjoy your golden years without shelling out massively to maintain something that’s way more than you (or anybody) needs.

Fly like an eagle….

 
Comment by aNYCdj
2017-01-29 12:59:30

maybe he wanted to pass on property to his kids for tax reasons?

 
 
Comment by new attitude
2017-01-28 20:12:07

Ray has a great idea: If you don’t want illegals in your town, don’t hire them and don’t rent to them.

Brilliant!!

Comment by azdude
2017-01-29 05:49:19

I buy houses, quick close!

 
Comment by 2banana
2017-01-29 07:45:24

I don’t hire them. And I don’t rent to them.

But they are still here.

How about we ENFORCE THE LAW?

Except to liberals - enforcing the “law” is open to how you feel that day.

Comment by Raymond K Hessel
2017-01-29 08:23:53

Until you come down hard on the agribusiness cartels who exploit cheap migrant labor (working in horrendous conditions) you will not begin to tackle the illegal immigration problem.

 
Comment by Ben Jones
2017-01-29 08:52:28

CNN bed-wetting:

‘Trump’s executive orders dramatically expand power of immigration officers’

At the very end:

‘Ultimately, von Spakovsky says that activists who fear the persecution of contributing members of society for being undocumented are ignoring the fact that illegal immigration is against the law.’

“I see nothing wrong with deporting individuals who are in the country illegally, and I say that as a son of immigrants,” he said. “But my parents followed the rules to come into the country and I, like a lot of Americans, resent people who think they can break the rules and stay in the country and get ahead of people who follow the rules that we set up.”

It begs the question: why has the US government refused to enforce the law for decades?

Comment by 2banana
2017-01-29 10:38:54

Votes, power and money.

And its amazing that when a government now tries to enforce the law, you see who really benefited from the votes, power and money of not enforcing it.

—-

“why has the US government refused to enforce the law for decades?”

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Comment by Blue Skye
2017-01-29 12:43:31

Why?

As a form of Neo-Slavery.

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Comment by Lurker
2017-01-29 15:34:23

“As a form of Neo-Slavery.”

This. Couldn’t agree more - illegal immigration is the foundation of a permanent underclass without the rights, recourse and opportunities afforded to full citizens.

Then there’s the Neo-Indentured Servitude of H1-B and guest worker programs. Amazing how the “liberal order” has brought back two wholly exploitative institutions Americans once thought were in the rearview mirror, all under the guise of “human rights.”

 
 
 
Comment by new attitude
2017-01-29 11:20:04

talk to your neighbors who do. Stand up, make noise.

 
Comment by new attitude
2017-01-29 11:21:43

I told ya Trump would break it all.

Comment by palmetto
2017-01-29 12:01:29

Obviously you’ve never cleaned house. What does it look like when someone cleans house? Lots of disorder, if you do it right. Furniture re-arranged, piles of crap for the garbage, dust flying through air, mops, brooms, buckets of dirty water, noise from the vacuum cleaner. In other words, lots of confusion and disorder in the process of cleaning. Do people stop there when they’re bent on cleaning the house? Do they draw back and say “Oh, no, this is not good, lemme put all the dust and dirt and crap back where it was?”

Unless they’re nutz, they usually persist with the cleaning and endure the confusion and disorder until they’ve got a clean house.

Anytime you’re trying to set a bad situation to rights, there’s disorder and confusion at first. That’s not breakage. That’s handling something that desperately needed it.

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Comment by new attitude
2017-01-29 17:22:22

I think that was a really good try. But anyone can clean a house.

America is a little more complicated.

Even your local HOA cant get it right.

 
 
 
 
 
Comment by Housing Manager
2017-01-28 20:25:29

Annandale, VA Housing Prices Crater 6% YoY As Prices Slip Lower Across NoVA

http://www.zillow.com/annandale-va/home-values/

 
Comment by phony scandals
2017-01-28 21:30:31

California Could Cut Off Feds In Response To Trump Threats

January 27, 2017 2:44 PM By Melissa Caen

http://sanfrancisco.cbslocal.com/2017/01/27/california-could-cut-off-feds-in-response-to-trump-threats/

Comment by Justthefacts
2017-01-28 22:42:03

You guys should love this given your stance on the federal government.

Comment by In Colorado
2017-01-29 07:47:56

It could be interesting, though I suspect that the IRS will be all over them like a ton of bricks.

I also suspect that this is nothing more than posturing, like the threat to secede.

Comment by phony scandals
2017-01-29 08:04:25

California Democrats Threaten to Stop Paying Federal Taxes

by ASSEMBLYMAN TIM DONNELLY
29 Jan 2017

Democrats, drunk on local power, seem to have forgotten the lessons of 1992, when Republican Governor Pete Wilson came out and announced, “This morning, California is running on empty,” and the state began issuing I.O.U.’s in lieu of payment for the first time since the Great Depression.

Failing to remit worker’s compensation funds put California in arrears for decades.

Do Democrats really want to risk California’s solvency by throwing sand in the eye of the Leviathan?

If the Trump administration holds the “Trump card” simply by shutting off the subsidies for one program — and Gov. Brown admits they do when it comes to ObamaCare funding — it is clear which side holds the leverage.

California is particularly vulnerable because of the dependence of many illegal aliens on public assistance, and on the federal earned income tax credit.

With the stroke of a pen, President Trump could shut down the state by cutting off or delaying funds.

Moreover, federal funds fuel almost every major institution in California, including:

Military Bases
K-12 Schools
Public Colleges and Universities (Federal funds, student loans)
Airports
Ports
Federal contracts with technology and defense companies
Since the California Constitution forbids deficit funding, the state cannot live off credit cards alone.

With over $400 billion in debt, and with a state pension system dangerously underfunded, a sustained battle with the federal government would break the already broke state.

http://www.breitbart.com/california/2017/01/29/california-democrats-fire-first-shot-threaten-cut-off-funds-feds/

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Comment by Raymond K Hessel
2017-01-29 08:26:12

It would be Trump’s crowning achievement if California decides to go its own way. Goodbye and good riddance to these libtard la-la land Lotus Eaters.

 
Comment by Anonymous
2017-01-29 14:10:56

I was born and raised there, and I can’t summon up the will to disagree with you.

 
 
 
 
Comment by 2banana
2017-01-29 07:50:08

California is heading towards a cliff.

Where do the liberals/progressives think this will end?

In disaster for them.

3/4 (land mass) of California will secede from California in a heart beat. Trump should threaten to create to 51st state. Democrats will never win another presidential election with a break up of California.

Then close all ports and airports to international trade and travel in the “old” California. As the Federal government can’t trust them to enforce the law. And no more water coming from other states. Same with electricity.

And then the “Trump” card.

Cut off all EBT cards.

Game over.

Trump wins again.

Comment by In Colorado
2017-01-29 08:07:05

Doesn’t the bulk of California’s population live in metro LA, the Bay Area, Sacramento and San Diego?

How many electoral votes would the “red”, inland California get? I’m guessing just 3 or 4. I don’t think it would make much of a difference.

Comment by MightyMike
2017-01-29 09:41:20

Yeah, that’s a good point. Your other point that it’s never going to happen is a good one. A trade war between California and the other 49 states would be pretty dumb.

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Comment by Albuquerquedan
2017-01-29 10:21:40

California produces a lot of high tech weapons for the military if it secedes all those contracts and the high paid people servicing the contracts would move in a heart beat, its economy would collapse. Even companies that had 20% of their work for the U.S. would move almost their entire operations to avoid having to deal with the new Californian government. Now it is not going to secede and we are not going to allow it, but to think California would be better off alone is beyond idiotic.

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Comment by Albuquerquedan
2017-01-29 07:54:57

California is ignoring the supremacy clause of the US constitution, it has no legal argument in its favor.

Comment by In Colorado
2017-01-29 08:08:27

As I said above, they are posturing. They won’t secede and they won’t withhold federal funds.

Comment by Danke Kraeder
2017-01-29 15:09:41

There is nothing to withold. CA would evaporate without the constant streams of federal cash.

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Comment by Ben Jones
2017-01-29 08:20:27

I think we should have a constitutional convention and make an exception for California in this case. But they have to take Nevada with them.

Comment by Anonymous
2017-01-29 14:24:31

:’-(

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Comment by Justthefacts
2017-01-28 22:39:36

I have a friend who I’ve known for 30 years who has lived in the US his whole life. His father is Iraqi, and is a permanent resident living in Texas. My friend attends a Methodist church in Texas, but his father is Muslim. His father was visiting family in Iraq when this stupid ban went into effect, and is now stuck away from his family who lives here. Yet Saudis are allowed to come on over because Trump does business with them — despite the fact that Saudis, and not Iraqis, perpetrated 911. How much is it going to take for you Trump supporters to see what a horrible, unthinking and corrupt person our President is?

Comment by Ben Jones
2017-01-29 07:21:32

His family could move to Iraq. Have you stamped your little feet today?

Comment by Blue Skye
2017-01-29 09:11:18

Many Americans have already been inconvenienced.

 
Comment by steadykat
2017-01-29 13:04:07

It appears that Trump made a point of halting “refugees” only from specific Countries that Homeland Security (Johnson) and Obama have already addressed over the last couple of years. That might explain the lack of Saudi Arabia on his list at this time.

Here’s one example from last year concerning Libya, Somalia, and Yemen:

https://www.dhs.gov/news/2016/02/18/dhs-announces-further-travel-restrictions-visa-waiver-program

So even though it is an XO it would appear that Trump has legal standing to enforce the ban.

Just for giggles:

https://www.youtube.com/watch?v=9NhkFSx0i7Y

http://www.washingtonexaminer.com/schumer-tears-up-as-he-calls-trumps-immigration-ban-mean-spirited/article/2613299#.WI4qJFGaZck.twitter

Comment by PDneXt
2017-01-29 14:47:04
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Comment by Blue Skye
2017-01-29 13:55:38

“His family could move to Iraq.”

Trudeau says that he will take them all with open arms.

Comment by MightyMike
2017-01-29 13:56:22

He didn’t say that.

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Comment by Blue Skye
2017-01-29 14:49:23

Sure he did.

“Trudeau reacted to Mr. Trump’s ban of Muslims from certain countries by tweeting Saturday: “To those fleeing persecution, terror & war, Canadians will welcome you, regardless of your faith. Diversity is our strength #WelcomeToCanada.”

I don’t access twitter but the story is on Toronto AP.

 
Comment by Danke Kraeder
2017-01-29 15:03:01

Sure he did

 
 
 
 
Comment by palmetto
2017-01-29 07:31:32

Tell it to the Bushes. Operators are standing by.

 
Comment by Albuquerquedan
2017-01-29 07:32:11

As Obama was fond of saying elections have consequences. The issue was raised during the election and most people supported additional vetting. It is too bad that Trump is keeping his promises. Have to weigh travel inconvenience against someone blowing himself or herself up in a shopping mall. I know that I will take the inconvenience. Why people from Yemen or Iraq vs. from Saudi Arabia, maybe it has something to do with having a functioning government which actually can provide information on risk?

Comment by Albuquerquedan
2017-01-29 07:39:14

BTW, Osama Bin Linden’s family was actually from Yemen.

 
Comment by Albuquerquedan
2017-01-29 07:42:42

The Bin Liden connection to Yemen:

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

Comment by MightyMike
2017-01-29 09:46:01

key quote in the first paragraph:

emigrated to Saudi Arabia prior to World War I

That might have been around the same time that Trump’s grandfather or great-grandfather came over from Germany.

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Comment by Albuquerquedan
2017-01-29 10:14:51

If you think a hundred years is a lot of time to those people, you do not know the region. The U.S.S Cole was attacked there in one of the first attacks by Osama and he has a lot of relatives there.

 
Comment by Danke Kraeder
2017-01-29 10:58:53

They havent done much in 5,000 years have they…. Still living in tents.

Pathetic.

 
Comment by In Colorado
2017-01-29 13:25:48

To be fair, Islam did have a golden age, it was just a long time ago, and they haven’t done anything since.

For instance, they invented what we know as algebra in they 9th century.

from wikipedia:

“Earlier traditions discussed above had a direct influence on the Persian Muḥammad ibn Mūsā al-Khwārizmī (c. 780–850). He later wrote The Compendious Book on Calculation by Completion and Balancing, which established algebra as a mathematical discipline that is independent of geometry and arithmetic.”

Also, the word “algorithm” is derived from his name (al-Khwārizmī). Most words, especially in Spanish, that begin with “al”, tend to be Arabic in origin.

 
 
 
Comment by Albuquerquedan
2017-01-29 07:48:42

One of the best detailed explanation of the policy and it occurs in the Saudi press. It sounds entirely reasonable despite the snowflake meltdown:

http://www.arabianbusiness.com/what-s-included-in-trump-s-order-on-extreme-vetting–661212.html

 
Comment by Ben Jones
2017-01-29 07:54:51

‘keeping his promises’

It’s interesting that we get “Trump isn’t doing what he said he would do”, and “Trump is doing what he said he would do”. You know what I like? He kept a Bush out of the White House. He kept a Clinton out too, who took millions from Arab despots. The liberal article I posted yesterday about Citi bank received very little input about what a corrupt bunch of thieves these crime families are. How they are all a part of the fraud surrounding the housing bubble. It’s ongoing, but posters like this one didn’t say boo.

Comment by Albuquerquedan
2017-01-29 07:58:13

Precisely why I voted for a person I knew who was personally flawed but the only chance to stop the globalists.

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Comment by Raymond K Hessel
2017-01-29 08:34:58

+1

 
Comment by waiting_in_la
2017-01-30 11:35:58

I’m with you, Ben.
I completely stayed out of this one, but I mostly was glad that Hillary was kept out.

 
 
 
Comment by MightyMike
2017-01-29 09:44:02

The issue was raised during the election and most people supported additional vetting.

I don’t think that Trump mentioned doing anything that would affect green card holders.

Comment by In Colorado
2017-01-29 13:27:23

I don’t recall him saying that he wouldn’t. A Green Card is a visa, and visas can be revoked.

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Comment by MightyMike
2017-01-29 13:32:21

He’s not moving to revoke greens cards. Presumably that would be a judicial process that would allow the permanent residents (another term for green card holders) to hire a lawyer and defend their residency.

 
Comment by In Colorado
2017-01-29 17:35:01

I know, just pointing out that a green is not the same as being a citizen. There is no guarantee that you will be allowed to stay or re-enter.

When I lived in Mexico, I had the equivalent of a Green Card (an FM-2 visa). I was constantly reminded that it could be taken away from me for the slightest reason and was treated like a 3rd class citizen.

 
 
 
Comment by MightyMike
2017-01-29 09:51:03

Yet Saudis are allowed to come on over because Trump does business with them — despite the fact that Saudis, and not Iraqis, perpetrated 911.

Those guys who bombed the Boston Marathon were from Russia.

Comment by palmetto
2017-01-29 11:28:33
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Comment by Raymond K Hessel
2017-01-29 12:36:18

They were Chechens. In 1944 Stalin accused the entire Chechen nation of collaboration with the Nazis - even though Chechen Red Army soldiers had the highest percentage of “Hero of the Soviet Union” decorations for heroism of any USSR nationality - and exiled 400,000 Chechens from the Caucasus to Soviet Central Asia. Tens of thousands died en route. Khrushchev allowed the Chechens to return in the 1950s, but many remained in places like Kyrgyzstan.

These brothers and their hideous fanatic mother were poster children for immigration reform and barring entry to people who hate us.

 
 
Comment by 2banana
2017-01-29 12:42:49

The guys who were the Boston Marathon Bombers were…

UNVETTED MUSLIM REFUGEES

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Comment by In Colorado
2017-01-29 07:51:24

There is talk of adding more Muslim countries to the list. I doubt that the Saudis will be added to the list since they are considered an ally, but who knows?

Plus Green Card holders are allowed to apply for a waiver.

 
Comment by 2banana
2017-01-29 07:54:59

How long has the father lived in America???

And why hasn’t he become a US Citizen in that time frame??

But that takes effort. And it takes money.

Now he can sit in Iraq and contemplate his missed opportunity.

And PS - Trump’s travel ban is a YUGE step in the right direction. Not perfect. But YUGE. Think about the eight years of obama and the terrorists he has let in and he did nothing. Think what Hillary would have done.

It used to be an honor to become an American citizen. It used to be an honor just to be able to travel to America. Under obama, we become a doormat.

Not anymore.

Comment by In Colorado
2017-01-29 08:16:17

Until recently it didn’t cost all that much, and even now they have fee waivers for the poor. And effort wise it isn’t all that hard. You fill out an application. Then they call you in for a brief interview and they fingerprint you. Then, if you pass the background check they call you in for the final interview. If you are older, you’re exempt from the Civics and English language tests, which are pretty easy. There are even flash cards for practicing the Civics test.

It does take 6-8 months, or at least that’s how long it took for my wife’s application a couple of years ago. What was interesting was that she had the final interview in the morning and took the oath in the afternoon. I had to bug out of the office to get there in time to see the ceremony.

 
Comment by MightyMike
2017-01-29 09:48:53

The executive order will certainly motivate a lot of people to become citizens.

Comment by In Colorado
2017-01-29 17:37:22

I think some don’t because in some cases they lose their citizenship in the old country when they naturalize as US citizens. That used to be the case with Mexico, which changed that law some years ago.

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Comment by Raymond K Hessel
2017-01-29 08:33:41

In 2003 the State Department pro-consul in Iraq, Paul Bremer, summarily dismissed 400,000 Iraqi military personnel who had willingly surrendered to US forces and stood ready to help rebuild the country and its institutions. In one feel swoop, this neocon imbecile gifted a then-nascent Sunni insurgency with a recruiting pool of 400,000 military men thrown out onto the street unceremoniously with no means of support. The rest, as they say, is history - first al-Qaida in Iraq emerged, then ISIS, with Iraqi military veterans providing the core of the leadership and the operational skills. Heckova job, neocons. So a lot of Iraqi Sunnis remain intensely bitter toward the US, thanks to the neocon bunglers in charge of the occupation who presided over the destruction of their country and handed southern Iraq to Iran on a silver platter.

Comment by MightyMike
2017-01-29 09:55:00

There’s probably also a lot of bitterness from the amount of ordnance that was dropped on the country in two wars, as well as the sanctions during the period between the wars. Going back even further, we supported Saddam Hussein at one point.

 
 
Comment by Rental Watch
2017-01-29 17:34:18

A friend of mine is an Iranian Jew who fled Iran in the 70’s. He voted for Trump.

Sometimes you gotta see the whole picture, and that is far larger than this first (bound to fail) executive order.

 
 
Comment by Big Fat Ugly Bubble
2017-01-28 22:47:23

What is this that stands before me?
Figure in black which points at me.
Please God help me.

Black Sabbath

https://www.youtube.com/watch?v=okavI6er4rM

:-)

 
Comment by azdude
2017-01-29 06:52:53

turnkey homes available now!

 
Comment by 2banana
2017-01-29 07:41:10

Excellent read…

The Media Honestly Doesn’t Get It
Townhall.com | January 29, 2017 | Derek Hunter

When Steve Bannon, President Trump’s chief strategist, told the New York Times, “The media here is the opposition party. They don’t understand this country. They still do not understand why Donald Trump is the president of the United States,” it was true.

Putting aside how the media had no problem with the Obama administration saying the same thing in 2009 about Fox News, rather than recognize just how far the profession of journalism has fallen from its purpose, journalists responded indignantly.

But they couldn’t destroy him. No matter how hard they tried, Trump remained within striking distance of Hillary Clinton. On Nov. 8, Trump struck and won the election.

He didn’t win because he spent the most money; Hillary’s spending dwarfed his. He didn’t win because he was the best campaigner; his speeches were often disjointed and contradictory. He won because voters, particularly in the Midwest, believed in whatever version of Donald Trump mattered to them the most. And no one in the media saw it coming.

That brings us to the other part of Bannon’s quote, the part the media doesn’t want to talk about. “The media should be embarrassed and humiliated and keep its mouth shut,” he said. And while most headlines stopped there, Bannon did not. He continued with, “and just listen for a while.”

Journalists, especially on the national beat, live in an insulated world populated by other journalists and like-minded, self-described policy wonks. Even if they happen to have come from the Midwest or somewhere else people do actual work for a living, they undoubtedly spent their youth yearning to leave. Having hated where they grew up, that economic reality is easy to escape and forget in recession-proof Washington, when you type and talk for a living.

Comment by In Colorado
2017-01-29 07:58:09

The beauty is that they won’t “just listen for a while”. Instead they will double down on how wonderful trannies, pedos, the allahu ackbar crowd, etc. are and how terrible, evil and privileged the white working class is. And they will be stunned in 2018, 2020 and beyond.

What was that thing Einstein said about doing the same thing over and over?

Comment by butters
2017-01-29 08:17:08

Doubling down on stupidity seems to be the instant reaction. Hopefully cooler heads will prevail.

Comment by In Colorado
2017-01-29 13:32:13

The sad thing is that the country does need a loyal opposition to keep the majority party in check. But if they continue to be more worried about getting men into the ladies’ room than helping the middle class, they will be marginalized.

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Comment by Raymond K Hessel
2017-01-29 09:17:39

Indeed. Thanks for posting, 2b.

 
Comment by MacBeth
2017-01-29 10:39:17

“When Steve Bannon, President Trump’s chief strategist, told the New York Times, “The media here is the opposition party. They don’t understand this country. They still do not understand why Donald Trump is the president of the United States,” it was true.”

What they do not understand is that the country has moved PAST them. The rest of the country rapidly is moving toward the future because the present and the immediate past no longer works.

The rest of the country is not in retrograde. It is racing ahead, ignoring “dire warnings” as posited by liberal coastal elitists and their cronies.

Dire warnings that support the status quo: Wealth and privilege for coastal elitists and scraps for everyone else. Including illegals, whose votes support the status quo.

Comment by tj
2017-01-29 11:02:50

hi macbeth,

i want to apologize for my whiny response to you a week ago regarding my longstanding support for automation.

after a while it occurred to me, that like me, you aren’t on this blog every day and you may have missed those times when i talked about the benefits of automation, and why they come about.

you’ve always treated me with respect, and you’re someone i really don’t mind giving a detailed response to. i should know when you ask me something, it’s not just to be contentious and if you ever want me to further explain something i say, i’d be happy to.

Comment by MacBeth
2017-01-29 11:49:49

De nada.

You are correct. I’m not on this board all that often.

I find ways to be productive while at work rather than blowing 4-5 hours daily at my employer’s expense.

Automation has abetted many in the fine art of doing nothing several hours a day every day, all at the employer’s expense.

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Comment by tj
2017-01-29 11:58:55

Automation has abetted many in the fine art of doing nothing several hours a day every day, all at the employer’s expense.

agreed. it’s one of the ‘perks’ of automation.

 
 
 
Comment by MightyMike
2017-01-29 11:48:34

Wealth and privilege for coastal elitists and scraps for everyone else.

Trump and Bannon are wealthy coastal elitists.

Comment by oxide
2017-01-29 17:11:01

… who seem to care about Americans who aren’t wealthy, aren’t on the coast and aren’t elite. That would put Trump more in line with FDR and RFK than the Bushes.

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Comment by DELurker
2017-01-30 08:29:23

Very interesting to compare Trump with FDR. I never thought of Trump that way. With the Goldman alumni and hyper-wealthy choices for roles in his administration, I lost the hope I had for Trump. Time will tell.

 
Comment by Carl Morris
2017-01-30 14:37:55

Very interesting to compare Trump with FDR. I never thought of Trump that way.

I’ve been thinking that way for a while…although not particularly optimistic. But I remembered months ago how FDR was considered a traitor to his class. If Trump actually does good things for the working class I suspect he will be seen the same way eventually.

 
 
Comment by Albuquerquedan
2017-01-30 06:55:50

Bannon was not born wealthy.

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Comment by In Colorado
2017-01-29 13:34:44

Dire warnings that support the status quo: Wealth and privilege for coastal elitists and scraps for everyone else. Including illegals, whose votes support the status quo.

And what the coastal elites refuse to accept is that they have been rejected and that doubling down on demonizing the middle class won’t work. They need to play a new tune, but they don’t seem to get it.

Comment by Carl Morris
2017-01-30 14:39:33

If my FB feed is any indication, they tripled down on demonization this time. I tried to have honest respectful dialogue about it with a few friends and got nowhere.

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Comment by Danke Kraeder
2017-01-29 08:15:25

Hillary Hens And The Stampeding Debt Donkeys

 
Comment by Ben Jones
2017-01-29 09:04:21

Note this is in The Nation, not exactly one of Mikes crack pot right wing websites:

‘The Liberal, Postwar ‘Order’ Is Dying—and That’s a Good Thing’

‘Decades of unchallenged pre-eminence have left Americans fearful of change but also greatly in need of it.’

“With the election of Donald Trump, the old world of the 20th century is finally over,” Frank-Walter Steinmeier wrote in Bild am Sonntag, the German tabloid, last Sunday. This is a very large assertion, not to be ignored. The German foreign minister, a Social Democrat in Chancellor Angela Merkel’s across-the-aisle coalition, is a curious figure. Since taking office in late 2013, he has consistently, if occasionally, voiced objections to American hegemony in global affairs. Read the sentence again: Steinmeier makes his observation with subtly plain relief.’

‘(Trump) may or may not succeed in doing much to remedy this abuse of the American working class, but that is a separate conversation. On Monday he formally killed the Trans-Pacific Partnership, Obama’s breathtakingly anti-democratic framework for radical deregulation. (Let us dispense with the fiction that the TPP was a trade deal; it was nothing of the kind).’

‘Another way to pose the same question as above: What do we think of Trump’s positions on these issues? It is past time we all ask ourselves. ‘

‘I wrote of the disgrace of our reigning Russophobia in a previous column. Nobody in Washington seems to have much to say just yet about “regime change,” but they will in due course. You are not encouraged to applaud the demise of the TPP for the devastating impact it would have had on employment, product safety, drug prices, the environment, Internet freedom, the democratic process, and much else.’

‘These are all fronts in a conflict. It is between those defending the “liberal order,” as it is called, and those who propose either to alter it in significant aspects or to replace it. There is no precedent for this in my lifetime. One question at a time, it will be our responsibility to stand on one side or the other. No, Mama didn’t say there’d be days like this.’

‘“How the world will look tomorrow is not settled,” Steinmeier wrote in his opinion-page piece. It is perfectly true, of course. And an excellent prospect, in my view. Any promise of change that purports to guarantee certainty cannot come to much. Sixty-odd years of more or less unchallenged pre-eminence have left most Americans fearful of change but also greatly in need of it. It has left our leadership incapable of it. Liberalism has grown illiberal—we know this now—and its order lies before us as a perilous disorder.’

Comment by 2banana
2017-01-29 10:36:43

Very true statement.

Liberals/progressives have become the party of warmongers, the globalists and rich white elitists (the 1%ers).

Just like in in 1984, they have controlled the conversation for so long that they thought they had won. That anyone that disagreed with them could be called a racists or nazi and that would be end of it and of them.

That “law” could be made by obama EOs and judicial fiat and everyone would have to swallow it.

That laws already on the books could be ignored if it felt right. Of course, anyone ignoring laws liberals/progressives cherish will be crushed and destroyed.

And now its all coming apart. The “rules” that they have used for so long on their political enemies are now being used against them. That NO ONE trusts the MSM anymore.

They can stomp their feet all they want - but their time of power is over.

And Trump will next DEFUND the left.

Now they can stomp their little feet while trying to hold down a job in the private sector. Community organizing is not going to be able to pay the rent anymore.

Sixty-odd years of more or less unchallenged pre-eminence have left most Americans fearful of change but also greatly in need of it. It has left our leadership incapable of it. Liberalism has grown illiberal—we know this now—and its order lies before us as a perilous disorder

Comment by MacBeth
2017-01-29 11:41:45

Liberals believe that liberalism is inclusive of appearance and sex organs only.

They care not about diversity of thought.

I guess when you consider yourself smarter than everyone else, all you consider is your own thoughts.

Comment by MightyMike
2017-01-29 11:59:11

Conservatives coined the term RINO to drive moderate Republicans (numerous at one time in the Congress) out of the party. Diversity of thought is stigmatized. Lenin called this democratic centralism.

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Comment by Raymond K Hessel
2017-01-29 12:39:37

No, we coined the term RINO to describe Republicans in Name Only, i.e. sellouts like John McCain, Lindsey Graham, and their ilk who always folded for Obama after token opposition. Now “cucks” is being used to describe fake “conservatives” who are globalist errand boys.

 
Comment by 2banana
2017-01-29 12:40:26

Stomp them feet.

Stomp them.

It’s going to be a long eight years.

 
Comment by MightyMike
2017-01-29 12:53:53

Yeah, you were opposed to what MacBeth calls “diversity of thought” in the party.

 
Comment by Raymond K Hessel
2017-01-29 13:43:50

No, I’m opposed to traitorous globalists, corporate statists, and neocons in the GOP.

 
 
 
 
Comment by Lurker
2017-01-29 16:04:22

“Note this is in The Nation”

Btw, thanks, Ben, for all the left-leaning critiques of neo-liberalism this weekend. I really enjoyed reading them and they made some excellent points.

I’m starting to think the only real defining political difference of our era is between people who believe in the status-quo vs. people who don’t. And that establishment Democrats and Republicans are terrified of their supporters discovering just how much more they have in common with “the enemy” than they have with their own party establishment.

 
 
Comment by Raymond K Hessel
Comment by NYchk
2017-01-29 11:36:55

Yes, I saw it. They also recently arrested for “High Treason” high-ranking FSB leaks (the heads of FSB hacking and computer security team).

Rumor has it that those arrested for “treason” might have helped to uncover some of the meddling-in-US-elections details, which were included in the secret part of the U.S. intelligence briefing on Russian hacking.

Now, the question is, if so, then who sold them off? That secret part of the intelligence briefing was very secret, for a few eyes only.

 
 
Comment by Ben Jones
2017-01-29 10:12:57

‘Is Austin’s job market going from hot to not?’

‘By mid-2016, however, Austin’s advantages of a lower cost of living and cheaper housing, at least compared with places like San Francisco and Los Angeles, were starting to diminish, according to Robinson. The job slowdown “was bound to come,” he says, “but I think a lot of local observers are surprised at how rapidly we have downshifted.”

 
Comment by 2banana
2017-01-29 10:40:24

And 16 less democrat votes in the next election.

16 Criminal Aliens From Mexico Arrested During Milwaukee Enforcement Surge
dailycaller.com | 1/28/17 | Caroline May

Immigration officials arrested 16 criminal aliens from Mexico during an enforcement surge in Milwaukee this week, according to Immigration and Customs Enforcement.

Of the criminal aliens arrested, two had been previously deported and two had outstanding orders of deportation. All 16 were living in the U.S. illegally and convicted criminals — having committed crimes like assault with a deadly weapon, battery, grand theft auto, drug possession with intent to distribute, drunk driving, and receiving stolen property.

According to ICE, the two day surge was the agency’s latest effort to “prioritize the arrest and removal of convicted criminals living illegally in the United States.” As such, the arrests all fell within the Obama-era priorities for enforcement.

Comment by NYchk
2017-01-29 11:38:24

“And 16 less democrat votes in the next election.”

Don’t be a fake news monkey. :-)

Comment by 2banana
2017-01-29 12:48:37

You are correct.

They probably voted at least twice.

Comment by NYchk
2017-01-29 12:51:03

LOL

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Comment by In Colorado
2017-01-29 13:40:19

Only 16?

You could round up 160 in the Greeley Walmart (AKA WalMartinez) in 15 minutes.

Comment by redmondjp
2017-01-29 14:50:04

Make that most Walmarts in the Western US.

 
 
 
Comment by ZH
2017-01-29 11:11:53

http://www.zerohedge.com/news/2017-01-28/paul-craig-roberts-bannon-100-right-media-now-opposition

Paul Craig Roberts: “Bannon Is 100% Right - The Media Is Now The Opposition”

Comment by NYchk
2017-01-29 11:59:55

OMG. “In the Russian areas of Ukraine”, really? Was it Americans who tortured, cut out the eyes, disemboweled and then drowned - while still alive - a deputy of the local Ukrainian assembly who dared to oppose Russian troops?

Russian troops, in their unidentified “green men uniforms”, stormed the local government office and replaced a Ukrainian flag with a Russian flag. All Vladimir Rybak did (and he was an elected official of that little city) was take down a Russian flag and put the Ukrainian flag back. They arrested him, and later his tortured body was uncovered (together with a body of another man taken together with him, and similarly tortured). And that was just the beginning.

These pathetic fascist liars, after slaughter and torture of scores of innocent people in Ukraine, continue to blame “the corrupt West” for their own unspeakable crimes - and the local mindless monkeys are lapping it up.

Fascist pigs.

Comment by Rendie
2017-01-29 12:17:50

I hope you know that story was false. I can’t believe people are still spreading it.

Comment by Panda Triste
2017-01-29 12:35:41

I know nothing about the Volodymyr (Vladimir?) Rybak incident, but a quick google search doesn’t indicate “that story was false.”

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Comment by NYchk
2017-01-29 12:38:14

Do you also deny Holocaust?

Not only was that story real (even Russian-controlled ru.Wikipedia dares not deny it), it was not the only one. It was just the beginning.

Look at this man. Think about his horrible death. And then try to imagine, what it would be like, to die like this - and then have your shameless torturers wage information wars in order to pin their crimes on their victims.

https://www.google.com/search?client=opera&q=рыбак+убит&sourceid=opera&ie=UTF-8&oe=UTF-8#q=%D0%B2%D0%BB%D0%B0%D0%B4%D0%B8%D0%BC%D0%B8%D1%80+%D1%80%D1%8B%D0%B1%D0%B0%D0%BA

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Comment by Blue Skye
2017-01-29 13:48:03

Triple backflip double gainer

So to follow this; Russian in NY comes on here just as Trump arrives to tell us we’re all fooled and doomed. We’re doomed because Trump is Putin’s tool. This dooms us because Putin is the most evil thing on the planet, just like Obama/Hillary tried to tell us. So it is some kind of Pinky and the Brain evil empire doom. Putin commits atrocity in Crimea so that he can blame crimes on his American enemies. Yet, this all powerful speech control devil cannot control the narrative in his own state controlled Wikipedia Russian version. Tricky, eh?

So every day we are bombarded in a convoluted way with how we are doomed if we don’t stop Putin, which of course means stopping trump, which of course means crowning Hillary. I might be missing something.

 
Comment by NYchk
2017-01-29 14:50:29

You’re missing that you’re a Russian monkey. I just don’t know, if you’re simply misguided or bought.

 
Comment by Danke Kraeder
2017-01-29 15:06:46

Russia is a great friend and ally.

 
Comment by palmetto
2017-01-29 15:22:38

“I might be missing something.”

I was thinking much along the same lines as yourself, Blue. Something about this was really bothering me, and I actually gave it some serious thought, because this to me was more intense than just some person lifting their leg on the blog.

And then I remembered a conversation I had with a buddy who was friends with a guy from Russia, who counseled other Russians who had been put through some really nasty mental stuff in the old Soviet Union and even afterwards. Some weren’t even aware of what had happened to them.

I’ve decided not to engage. There is nothing we can do about it, trust me on this. In fact I’m apologizing for upsetting her in any way and backing off. Way off. I don’t want to be responsible if things blow up.

 
Comment by butters
2017-01-29 15:23:42

Russia is a great friend and ally.

And bare chested Putin inspire us all.

 
Comment by Blue Skye
2017-01-29 15:28:31

You know that I am a Trump supporter. That is all you need to know.

“Every good citizen makes his country’s honor his own, and cherishes it not only as precious but as sacred. He is willing to risk his life in its defence and is conscious that he gains protection while he gives it.”

Andrew Jackson

 
Comment by tj
2017-01-29 15:29:20

I just don’t know, if you’re simply misguided or bought.

neither, and especially not ‘bought’. he’s been here too long for that.

meanwhile, you engage in the very tactics you accuse others of.

i’ve wrestled in the mud a few times here, but so far, i’ve never accused anyone of being ‘bought’. it’s childish.

 
Comment by Blue Skye
2017-01-29 15:49:42

“I’ve decided not to engage”

I think you’ve good judgement in the matter.

 
Comment by NYchk
2017-01-29 18:04:18

@ tj - “neither, and especially not ‘bought’. he’s been here too long for that.”

If you say so. I don’t remember him, (although I actually don’t remember you either, LOL). But I’ll take you at your word.

I remember palmy though. He used to be normal and a nice guy. It’s a pity he seems to have completely lost his mind and succumbed to the darkness during those years I’ve been away from this blog.

@ Blue Skye - “You know that I am a Trump supporter. That is all you need to know.”

Actually, no. It would be nice to know if you’re real, and not an “operative”. (That was what you accused me of, LOL, right?) Given what I know of Kremlin dirty tricks and how much they love to accuse others of what they are themselves doing, I’d certainly like to be sure. But I can’t, so whatever.

If you are a Trump supporter, I can talk to you. I have nothing to say to KGB-inspired propagandists, however. They destroyed Russia, and now they are trying to destroy the U.S., with the help of local useful idiots.

 
Comment by Blue Skye
2017-01-29 19:48:30

I’m just a boat bum, a river rat.

 
Comment by Prime_Is_Contained
2017-01-29 23:36:28

Blue Sky has been here far too long, and contributed far too much, to be accused of being a Potemkin Poster.

NYchk, why were YOU away for so long?

 
 
 
 
 
Comment by phony scandals
2017-01-29 11:18:46

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

California campaign to secede gains momentum

AFP AFPJanuary 27, 2017

Los Angeles (AFP) - A campaign for California to secede from the rest of the country over Donald Trump’s election is gaining momentum, with supporters allowed to start collecting signatures for the measure to be put to a vote.

https://www.yahoo.com/news/california-campaign-secede-gains-momentum-030236908.html

Comment by palmetto
2017-01-29 11:51:16

I detect the fingerprints of Georgi all over this. Color Revolution on the way. It could also be the Chicoms.

Secondly, despite the fact that I make the occasional snide remark about CA, I am not a Cali hater. At one time, Cali dreamed the aspirational dreams of the US. Somehow those dreams went into nightmare territory.

The other day, I remarked in response to something scdave wrote that the upshot of all of this could be tragic. Should secession actually come about, Cali would last about two seconds as a sovereign nation. My guess is that it would cause both China and Mexico to compete violently for domination, in fact it wouldn’t surprise me to learn this is occurring already on a covert basis. But I don’t think the citizens of the state would really want to find out what open warfare on their soil between China and Mexico would look like.

 
Comment by NYchk
2017-01-29 12:15:18

“California campaign to secede gains momentum”

Of course. There also may be soon calls for Hawaiian independence, for return of Alaska to Russia, etc., etc. Read the program of the annual “world congress of separatists”, which Russia held in Moscow for the second time last year.

Comment by Raymond K Hessel
2017-01-29 12:16:34

I’m guessing the Chechens were not represented.

Comment by NYchk
2017-01-29 14:48:03

“I’m guessing the Chechens were not represented.”

Of course not, and neither were Crimean Tatars.

But Hawaiian separatists participated, as well as separatists from California, Texas and Puerto-Rico.

The name of the organization who holds this annual gathering is “Russian Antiglobalist Movement”. It’s financed by the Kremlin. In order to hold this “World Separatists Congress” in 2016, “Russian Antiglobalist Movement” received a grant from Kremlin in the amount of 3.5 million rubles.

From Russia, with love, your friendly KGB. :-)

http://www.rbc.ru/politics/13/09/2016/57d2d0a19a79472489b0d4c0

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Comment by NYchk
2017-01-29 12:17:04

A political analyst who used to work in Putin’s government wrote that the West doesn’t know it yet, but it’s the World War IV:

Everyone knows about the first two. “WWIII” was a Cold War, which the West won.

Now Russia is waging a covert hybrid WWIV against the West, using local monkeys to help her to destroy the West. And winning.

Comment by In Colorado
2017-01-29 13:46:09

The West has been doing a fine job of destroying itself for decades without any Russian help.

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Comment by NYchk
2017-01-29 15:05:55

“The West has been doing a fine job of destroying itself for decades without any Russian help.”

Yes, but now Russia has help, including at the highest levels of the government.

Look around at what’s happening. It’s like Trump is trying to hobble America’s intelligence services and its military, on purpose.

Today Trump put his chief strategist Stephen Bannon on the National Security Council, while cutting out CIA, the Chairman of Joint Chiefs and Director of National Intelligence. Yesterday he put our troops at risk, by detaining or turning away people who risked their lives working for us.

If his goal was to destroy the US intelligence capabilities, he wouldn’t be doing a better job, IMHO.

 
Comment by Danke Kraeder
2017-01-29 15:12:40

Meanwhile the Russian and Chinese economies continue to implode.

 
 
Comment by DELurker
2017-01-30 09:34:59

Wow. This is surreal. People on the blog accusing each other of being misinformation operatives? Secession? The jokes are no longer funny.

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Comment by Danke Kraeder
2017-01-30 10:04:58

If you don’t believe that there are Hired Guns on the internet to steer sentiment then you’re not paying attention.

 
Comment by NYchk
2017-01-30 11:06:17

The jokes haven’t been funny for a long time.

How the jokes won the election:

http://www.newyorker.com/magazine/2017/01/23/how-jokes-won-the-election

 
 
 
 
Comment by 2banana
2017-01-29 12:47:11

If California ever did manage to secede….

Immediately 80% of the rest of California would secede from them (by land mass).

Including all the water, electric production and food.

What’s good for the goose…

Comment by MightyMike
2017-01-29 12:57:24

I’ve seen quite a few power plants right on the coast in California. It spoils the view in a number of places.

Comment by redmondjp
2017-01-29 14:56:12

California has to import a lot of power from the Pacific Northwest during the hot, summertime months. There is a 1 million volt DC line from The Dalles, OR to just outside of LA to carry hydropower energy from the North to the South.

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

There is no practical, economic way that California could be isolated from the western US power grid. They would have to build several new baseload powerplants for a start.

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Comment by butters
2017-01-29 15:27:37

Tesla will power the independent CA.

 
Comment by 2banana
2017-01-29 16:09:26

Telsa with have you baking in the dark…

Unless you are part of the 1%ers…

 
Comment by In Colorado
2017-01-29 17:45:05

Hopefully, the PNW power generators will accept Cali-Bucks for payment.

Also, what if Trump diverted Hoover Dam generated power from the new, independent California.

And regarding potential Hawaiian independence. It would be fun to see billionaires like Zuckerberg and Ellis have their real estate seized by the new independent government.

 
Comment by In Colorado
2017-01-29 17:46:16

It does cool off at night in most of coastal California.

 
 
 
 
 
Comment by Housing Manager
2017-01-29 11:49:06

Alpine County, CA Housing Prices Nosedive 21% YoY

http://www.zillow.com/alpine-county-ca/home-values/

 
Comment by new attitude
2017-01-29 11:52:03

ZH - has some good photos of the border wall already in place.

$25 bill seems like a heck of a lot to fill in the busy spots. More gov, more spending goes on.

I say, stop spending my $$!

Comment by taxpayers
2017-01-29 16:46:05

IKE CONTROLLED THE BORDER W 1/10 the current ice staffing level
Got ammo?

 
 
Comment by MightyMike
2017-01-29 12:04:36

Revealed: the ‘real’ reason why Donald Trump and Theresa May held hands - and it’s not what you think

Robert Mendick, chief reporter Peter Dominiczak, political editor
28 JANUARY 2017 • 9:53PM

So it wasn’t necessarily an affectionate holding of hands after all.

It has emerged that Theresa May was only photographed hand in hand with Donald Trump - because, bizarre as it sounds, the president may have a fear of slopes and needed a soothing arm to negotiate a downhill stretch of path.

The image of the pair holding hands was beamed around the world, to the delight of supporters of the new President but to the consternation of those - many of them in the UK - far less keen on Mr Trump.

But Government sources in Washington DC were suggesting that the hand-holding was not as a result of a deep and lasting friendship after all.

The insider said that Mr Trump is known to have an aversion to slopes or stairs, and said this could have been the reason for the president’s decision to grasp the Prime Minister’s hand.

Such a fear is a recognised condition - called bathmophobia.

As the pair walked along the White House colonnade on Friday, they encountered the top of a gentle slope. It was Mr Trump who then offered his hand to Mrs May, apparently anxious the prime minister should steady the nerves of the world’s most powerful man.

http://www.telegraph.co.uk/news/2017/01/28/revealed-real-reason-donald-trump-theresa-may-held-hands-not/

Comment by palmetto
2017-01-29 14:23:28

Gee, this doesn’t look like someone who has a “fear of slopes” now, does it? He looks pretty nimble to me, just a wee bit of assistance jumping down that one ledge there, otherwise he’s walking up and down unaided.

This is the rally in California where the motorcade had to pull to the side of the road so Trump could take the back entrance into the hotel.

https://www.youtube.com/watch?v=yz_Y3WApFe0

Not to mention I saw plenty of rally video with him navigating stairs and inclines, sometimes even bounding onto the stage.

Now, let me remind you who REALLY needed help navigating.

Here’s the classic “Hillary Conquers the Stairs!”

http://www.theamericanmirror.com/wp-content/uploads/2016/08/image.jpeg

Comment by Blue Skye
2017-01-29 19:37:10

It’s Whopper!

 
 
 
Comment by aNYCdj
2017-01-29 12:24:18

Hunts point BX fulton fish market moved there plus

The World’s Largest Food Distribution Center

http://huntspointcoopmkt.com/

very long and somewhat desolate at night to walk, so you have to take a bus to get to work from 163 rd on the 6 train…. so moving there might be cheaper if you have shift work

 
Comment by Ben Jones
2017-01-29 12:36:24

‘One home-flipper at the ultra-luxury Faena House in Miami Beach lost $4.75 million after reselling a unit built in 2015. In addition, more than 70 units are listed as ‘underwater’ — AKA their mortgages cost more than the homes are worth — and with such a glut of condos available, basically nobody is willing to lose money on an underwater investment.’

This is where those courageous contrarians can step up and get a sweet deal! You know, the guys always bragging about how they bought in oh 9 and their tiny down-payment has made them rich. Gotta have guts! This is money just laying there for the takin’.

Or is that just stuff they say they did on the internet 5 years later?

Comment by 2banana
2017-01-29 12:44:03

Did pets.com stock ever make a come back?

 
Comment by Danke Kraeder
2017-01-29 13:23:06

“Or is that just stuff they say they did on the internet 5 years later?”

The characters involved in the housing narrative can’t keep their stories straight. Crickets appear whenever they’re challenged.

Comment by azdude
2017-01-29 14:51:47

get your cash into houses before its inflated away.

Comment by Danke Kraeder
2017-01-29 16:56:17

How are those high speed bumper bolts working?

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Comment by phony scandals
2017-01-29 13:05:34

The declaration of the scientists causes mass hysteria, and everybody runs from “global warming”.

https://www.youtube.com/watch?v=1CqvL0DS9EE

Two Days Before the Day After Tomorrow :)

From Wikipedia

“Two Days Before the Day After Tomorrow” is the eighth episode in the ninth season of the American animated television series South Park.

Plot

Stan and Cartman are playing in a boat that Cartman claims is his uncle’s when Cartman dares Stan to drive the boat, claiming he will take the blame if trouble arises. However, as Stan does not know how to drive a boat, they crash into the world’s largest beaver dam, flooding the town of Beaverton. Stan and Cartman try to hide their involvement by maintaining complete silence about the incident.

Meanwhile, the flood has a worse outcome than Stan expected. The people of Beaverton are in a state of disaster. Nobody tries to help the situation; instead, everybody would rather figure out who is to blame. At a conference at the Governor’s office with top Colorado scientists and government officials, they all declare that the disaster is the result of global warming. At first, it is determined the full effects will take place on “the day after tomorrow”. However, some scientists suddenly burst in and state that it has been proven that the disaster will take place “two days before the day after tomorrow”.

The declaration of the scientists causes mass hysteria, and everybody runs from “global warming”. Most of the South Park people crowd in the community center. Randy persistently states that global warming is causing an ice age outside that would kill them if they left.

Stan admits to Kyle that he and Cartman were the cause of the Beaverton flood (although Stan takes most of the blame). The trio then set off to rescue the people by boat. The attempt is a disaster in itself, as they wind up crashing into an oil refinery, compounding the problems of the stranded people who now must deal with drowning and fire. Meanwhile, Randy, Gerald, and Stephen brave the supposed ice age to find their sons, dressed in arctic weather gear despite the mild weather; they end up collapsing in the street due to heat exhaustion and dehydration.

At this point the Army comes to rescue the boys with a helicopter. Back at the town, everyone exits the shelter, and the Army claims that the Crab People are responsible. Stan finally admits that he broke the dam, but one of the townspeople incorrectly interprets his admission as a lesson to stop the town trying to find blame; they all begin to admit “I broke the dam”, while Stan tries unsuccessfully to explain that he actually did it.

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

South Park Clip-Two days before the day after tomorrow

https://www.youtube.com/watch?v=AiPUjGNTi24

 
Comment by MightyMike
2017-01-29 13:24:50

Trump’s Border Patrol Defies Judge, U.S. Senator at Dulles Airport as His First Constitutional Crisis Unfolds

http://www.thedailybeast.com/articles/2017/01/29/trump-s-border-patrol-defies-judge-u-s-senator-at-dulles-airport-at-his-first-constitutional-crisis-unfolds.html

Comment by phony scandals
2017-01-29 15:14:09

Senate Minority Leader Shmuck Chumer held back tears Sunday while denouncing President Trump’s executive order on immigration and refugees.

“This executive order was mean-spirited and un-American,” the Democratic senator from New York said through tears. “It was implemented in a way that created chaos and confusion across the country.”

Comment by butters
2017-01-29 15:32:21

Bravo to the bride of chucky. I vividly remember him crying over the deaths of muslim children, women and men from American bombing/droning.

Comment by phony scandals
2017-01-29 15:58:53

“I vividly remember him crying over the deaths of muslim children, women and men from American bombing/droning.”

He must have cried everyday Obama was in office.

America Dropped 26,171 Bombs in 2016. What a Bloody End to Obama’s Reign

WRITTEN BY MEDEA BENJAMIN ON 09 JANUARY 2017.

Looking back at President Obama’s legacy, the Council on Foreign Relation’s Micah Zenko added up the defense department’s data on airstrikes and made a startling revelation: in 2016 alone, the Obama administration dropped at least 26,171 bombs. This means that every day last year, the US military blasted combatants or civilians overseas with 72 bombs; that’s three bombs every hour, 24 hours a day.

While most of these air attacks were in Syria and Iraq, US bombs also rained down on people in Afghanistan, Libya, Yemen, Somalia and Pakistan. That’s seven majority-Muslim countries.

One bombing technique that President Obama championed is drone strikes. As drone-warrior-in-chief, he spread the use of drones outside the declared battlefields of Afghanistan and Iraq, mainly to Pakistan and Yemen. Obama authorized over 10 times more drone strikes than George W Bush, and automatically painted all males of military age in these regions as combatants, making them fair game for remote controlled killing.

http://www.stopwar.org.uk/index.php/news-comment/2350-america-dropped-26-171-bombs-in-2016-what-a-bloody-end-to-obama-s-reign

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Comment by tj
2017-01-29 15:41:46

Senate Minority Leader Shmuck Chumer held back tears Sunday

he really is a low life.

 
 
 
Comment by Raymond K Hessel
 
Comment by Raymond K Hessel
2017-01-29 13:54:45

Former Mexican foreign minister threatens to flood the US with drugs and unleash cartels along the border.

https://theconservativetreehouse.com/2017/01/29/jaw-dropping-mexican-official-threatens-to-unleash-cartels-flood-u-s-with-drugs-and-narcotics/

Comment by Blue Skye
2017-01-29 14:55:24

Didn’t they already do that?

Comment by phony scandals
2017-01-29 15:18:07

“Didn’t they already do that?”

Yes, I believe they already did. :)

 
 
Comment by In Colorado
2017-01-29 17:53:30

I guess they really want to give him more reasons to build the wall.

What the butt hurt Mexican elite doesn’t realize is that with threats like this one, that they are scaring away tourism and foreign investment.

Heck, even Mexicans are staying away from the vacation hot spots, even though there are great deals to be found. Acapulco has vacancies in 60% during vacation season. Something to do with a deathly fear of being kidnapped, raped and murdered.

Even though I lived there 12 years, you couldn’t pay me now to go on a vacation there, not even to allegedly “safe” Cancun.

 
 
Comment by John F. Anderson
2017-01-29 14:11:56

If it helps this discussion any, our house that we sold 11 years ago in Tampa, Fl is going for $10k less than we sold it WITH UPGRADES! When we decided it was time to leave Tampa most of the houses in our neighborhood were listed for better than $300k, but none of them were selling. “Oh, it’ll get better after the Super Bowl, or Valentine’s Day, or Easter, or Spring Break, or after school gets out, or after Memorial Day, or after the Summer Equinox.” or after another 10 years or more. 10 years. We didn’t put anything like granite, a fancy floor, high end appliances, etc. We put a reclaimed lawn watering system. Nothing more.

Now, I’m back sporadically posting on this blog. Three Presidents later and it’s worse. Much worse. We don’t know how we’ll get screwed this time. Housing Crash - not.
Sigh,
Roidy

Comment by In Colorado
2017-01-29 17:58:56

“We put a reclaimed lawn watering system.”

I am curious as to why? Whenever I fly into Orlando I see ponds and lakes everywhere! We don’t have that much water out here, but I don’t know of anyone who waters their lawn with reclaimed water.

Comment by John F. Anderson
2017-01-30 10:51:59

The City of Oldsmar emcouraged lawn watering with reclaimed water and provided it el cheapo. Since I paid for it anyway with my city taxes, as I recall, might as well use it. Besides, my wife has recycled for nearly 30 years. She liked me doing this, and I won points for it.
Roidy

 
 
 
Comment by azdude
2017-01-29 14:17:02

DJT is good for home values!If your frugal your house can pay the bills the rest of your life.

 
Comment by Anonymous
2017-01-29 14:43:54

Hmm, I still have stuff in a safe deposit box in California. Wonder if I should repatriate it now? lol

Comment by redmondjp
2017-01-29 15:01:19

A sealed PVC pipe, with a packet of dessicant inside, buried in your back yard, that nobody but you and trusted confidants know about, is probably the best place to keep valuable stuff. Hard to access, I’ll grant that.

Comment by Blue Skye
2017-01-29 15:31:40

Aren’t you the hardcore!

 
 
 
Comment by Housing Manager
2017-01-29 15:20:09

San Francisco, CA Rental Rates Plunge 7% YoY

http://www.zillow.com/san-francisco-ca/home-values/

 
Comment by Raymond K Hessel
2017-01-29 16:55:16

Oh no he didn’t! Trump just bitch-slapped AIPAC toadies John McCain and Lindsey Graham for their incessant agitation for moar neocon wars.

http://www.businessinsider.com/trump-defends-immigration-ban-mccain-graham-statement-2017-1

 
Comment by Big Fat Ugly Bubble
2017-01-29 17:26:26

The Chinese capital controls are having an effect in world real estate.

https://boingboing.net/2017/01/28/chinas-capital-controls-are.html

“The market is being kept on life-support by Chinese money-launderers who smuggled their cash out of China before the controls came in; they’re using their offshore cash reserves to make payments on the properties they’ve speculated on (presumably they can access even more capital by remortgaging some of their properties).”

“The more sell-offs, the lower the prices will go, and the more sell-offs there will be. For example, about one third of buyers in London’s iconic Spire tower have actually made the payments they had promised to make. If 30+% of units in The Spire suddenly go on the market, the remaining units would likely see a decline in value. Skittish speculators might spook at that point, selling their units, triggering more price declines and more sales.”

Comment by In Colorado
2017-01-29 17:54:48

I guess they finally stopped accepting bribes to circumvent the earlier restrictions.

 
Comment by Carl Morris
2017-01-30 14:53:09

I’m wondering if this could create deals for better connected Chinese people to buy American houses from other Chinese people who need to get rid of it, paying in cash from Chinese account to Chinese account? Not sure how the closing would work…maybe the sale recorded as some minimal amount in the USA?

 
 
Comment by phony scandals
2017-01-29 21:00:40

VIDEO: THE TRUTH ABOUT TRUMP’S ‘MUSLIM BAN’

The reality behind the hysteria

Paul Joseph Watson | Infowars.com - JANUARY 29, 2017

http://www.infowars.com/video-the-truth-about-trumps-muslim-ban/

 
Comment by phony scandals
2017-01-29 21:08:05

Paul Joseph Watson always seems to hit the nail right on the head.

 
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