January 29, 2017

Mired In A Deep Foreclosure Swamp

A report from the Longview News-Journal in Texas. “A sharp increase in foreclosures is blamed for causing the housing market in the Longview area to plummet to second from the bottom among 200 markets nationwide, according to a new home-value forecast. The spike in the foreclosure rate, to 34 percent in the final three months of 2016 from 8.84 percent a year earlier, was probably an impact of the slow recovery in the energy industry, said Tom Hoff, director of marketing for Pro Teck Valuation Services. He noted the bottom 10 markets in the report included four energy-producing areas. Pro Teck’s report shows the four-county Longview market dropping from near the middle in the final quarter of 2015 to next to Las Cruces, New Mexico, at the bottom of the bottom 10 of 200 markets by late 2016.”

“Jim Gaines, the Real Estate Research Center at Texas A&M University’s chief economist said it takes a couple of years to cycle through foreclosures, which might have led Pro Teck to determine the rate to be 34 percent. Gaines acknowledged the oil industry slump has hit the Longview area hard, but perhaps not as much as Midland and Odessa. Pro Teck’s report showed Midland ranking immediately above Longview. ‘The economic impact might have happened a year and a half ago,’ he said. ‘The decline in the price of oil started in mid-2015. It is not an immediate impact.’”

From Delaware Online. “Delaware had the second highest foreclosure rate in the nation last year, a recent study reported. The study also found overall foreclosure activity in Delaware jumped 45 percent last year compared to 2015, the largest increase of any state. Local experts said Delaware’s foreclosure crisis is the result of the state’s stagnant wages making it difficult for residents to keep up with mortgage payments. ‘We need more, better-paying jobs,’ said Eric Doroshow, a Wilmington attorney who specializes in consumer bankruptcy. ‘You see these families having two jobs and still struggling to get current on a mortgage. Chapter 13 [bankruptcy filings] gives them a chance, but at the end of the day they need more income.’”

“Lawyers are not the only ones noticing the increase in business because Delawareans are struggling to make their home payments. David Sordelet, a Wilmington real estate agent, said six of his 17 active listings are short sales. Sordelet agreed flat wages are hurting Delaware’s housing market. The state’s average annual household income dropped to about $57,000 in 2014 from $67,000 in 1999. Delaware was ranked ninth among the 10 worst states for household income growth. ‘We’ve lost jobs at Chrysler, General Motors, MBNA, DuPont, AstraZeneca,’ he said. ‘That has an effect on values.’”

“Sordelet said mortgage adjustment programs can be problematic, too. He said a recent client did a mortgage modification and attempted to sell her house to get out from under the mortgage. But when she came to the table, the buyer didn’t have enough money for the mortgage and all of the unpaid fees, interests and charges tacked on the back end of her mortgage because of the modification program. The buyer walked away and his client was forced to sell her house in a short sale.”

From New Jersey Spotlight in New Jersey. “Housing markets have improved and foreclosure numbers dropped across the country since the Great Recession, but a decade on, New Jersey remains mired in a deep foreclosure swamp. Some analyses cite Atlantic City as the worst housing market in the country, with Trenton not far behind. Overall, New Jersey continues to have the highest foreclosure rate in the country, according to real-estate data firms.”

“he Federal Housing Finance Agency has offered some continuing assistance to borrowers whose mortgages are insured through Fannie Mae or Freddie Mac. The new ‘Flex Mod,’ flexible modification, program aims to provide reductions of up to 20 percent on mortgages that are 60 days’ delinquent, instead of waiting the traditional 90 days. Like previous foreclosure relief programs, though, Flex Mod may look good on paper without delivering in reality, said attorney Josh Denbeaux of Denbeaux and Denbeaux in Westwood. ‘The question about Flex Mod is not the regulations themselves, it’s whether they will be enforced,’ he said. ‘And the answer to that is no.’”

The Des Moines Register in Iowa. “In many ways, the metro Des Moines housing market has never been stronger. Home prices have reached record highs, and Polk County’s median home value has climbed to nearly $150,000. A wave of new homebuyers has prompted fast-paced sales. Bidding wars have broken out for homes in popular neighborhoods, where prices have surged more than 10 percent since the housing crash in 2008.”

“But Des Moines’ housing surge has left behind thousands of homeowners in poorer neighborhoods that have seen their home values fall as much as 13 percent — even as the economy rebounded, The Des Moines Register’s exclusive analysis of Polk County assessment data shows. In the Oak Park neighborhood on the city’s north side, Nicole Simpson and her husband have been trying to sell their house for more than five months so they can move to the Johnston school district. They like the quiet neighborhood where their children can play. And the home sits on a large, wooded lot on the east bank of the Des Moines River.”

“But the Simpsons couldn’t find a buyer and recently took the house off the market. Assessed values in the area have ticked up only 2 percent since the crash, the Register analysis shows. Several nearby homes have gone through foreclosure and were sold cheap or turned into rentals, which Simpson suspects has brought down property values. ‘It’s a nice place to raise a family,’ she said. ‘We just have the misfortune of having a few houses that are affecting it.’”

From KCWY in Wyoming. “As unemployment numbers remain high in Wyoming, many homeowners still struggle making their mortgage payments. The staff at Wyoming Housing Network has tracked a recent jump in foreclosures over the past four months. They told News 13 there are currently 134 foreclosures in progress across the state. Wyoming Housing Network Foreclosure Counselor, Beth Skidmore shared, ‘There are different things they (homeowners) can do if they can’t repay and they don’t have the ability to maintain the home, then we can help them with their credit and everything and see if we can figure out another situation for them.’”




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255 Comments »

Comment by Ben Jones
2017-01-29 17:51:21

‘The spike in the foreclosure rate, to 34 percent in the final three months of 2016 from 8.84 percent a year earlier’

But, no subprime? Shortage?

Comment by Professor Bear
2017-01-29 23:19:18

Is 34 percent a particularly high foreclosure rate, given the prevalence of government-insured subprime lending in recent years?

 
Comment by oxide
2017-01-30 07:50:02

Come on Ben. This isn’t 2007 when “primes” bought at 10x income with a subprime neg-am and then foreclosed when their payments ballooned at Month #37.

These foreclosures are due to the job losses in the oil sector. You could get a priminey-primey-prime mortgage for a house at 1x income and 20%, lose your job, and STILL foreclose. Job loss has *always* led to defaults, probably from times of the first interest-bearing loans in Ancient Mesopotamia (or wherever debt was invented).

Comment by Ben Jones
2017-01-30 07:58:00

In Delaware and New Jersey? And why are these loan modifications re-defaulting at something like 2/3rds every two years?

Comment by oxide
2017-01-30 08:21:23

There were a lot of job losses in Delaware too, from “Chrysler, General Motors, MBNA, DuPont, AstraZeneca,” likely offshored. Atlantic City is a single-industry town and suffered job losses just as much as Longmont.

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Comment by Ben Jones
2017-01-30 08:24:09

But it’s all of New Jersey, New York too. And Nevada. Florida still leads in foreclosures. Oil job loss? Is there coal in Florida?

 
Comment by In Colorado
2017-01-30 09:01:06

Given their deadbeat demographics, it’s hardly surprising that Florida and Nevada are leading the foreclosure train. IIRC, that’s what happened last time.

 
Comment by oxide
2017-01-30 09:10:42

Heh, moving the goalposts! It’s probably a combination of factors, Ben. There are still remnants of bubble buying, foreclosure moratoriums, or people finally depleting their savings. Resets peaked in 2011, five years of people hanging on and fighting and finally giving up. Florida… Baby boomer grandma cashed-out to the hilt and died suddenly, leaving a ton of debt. Or someone who bought in the 20130-2014 upsurge and one spouse lost a job. Or a lots of unexpected home repairs… especially for detached SFH.

 
Comment by Ben Jones
2017-01-30 09:13:31

Florida as a state and Las Vegas as a city have rarely dropped out of the number one spot for foreclosures. And here’s something the press never puts a focus on: all these years later, after countless headlines about foreclosures dropping and dropping, the days to foreclose has only gone up. It used to be that 300 days was a lot. Then in various states it would go to 600, then 900, then over 1,000. But it has never gone down.

 
Comment by Albuquerquedan
2017-01-30 09:15:43

I think that Silicon valley may soon be joining the list, the high tech bubble is about to burst and it is because China is becoming a legitimate competitor, combine that with million dollar houses and “Houston we have a problem”:

https://www.rt.com/business/375311-apple-not-first-china/

 
Comment by Danke Kraeder
2017-01-30 09:19:24

Once all these foreclosure moratoriums end it’s right back to where it was interfered with.

Hold on to your hat because we’re in for a unprecedented Donkey Rodeo

 
Comment by Rental Watch
2017-01-30 10:04:02

But it’s all of New Jersey, New York too. And Nevada. Florida still leads in foreclosures

NY, FL, and NJ are judicial states (Delaware too)…they never cleared the foreclosures the first time around.

NV was non-judicial, but then changed foreclosure laws making it very difficult to foreclose for a time. But then they changed that law and are clearing faster now (but are still behind most non-judicial states).

 
Comment by Karen
2017-01-30 10:16:31

the high tech bubble is about to burst

When did silly consumer gadgets start being referred to as “high tech”?

 
Comment by Albuquerquedan
2017-01-30 10:35:20

When Apple became one of the largest companies in the world and most of the other large ones have some connection to Apple either creating apps or content read on Apple phones.

 
Comment by NYchk
2017-01-30 11:29:14

Dan, you do know that RT is the Kremlin-owned propagandist (misinformation) media, don’t you?

I’m not disputing anything about the tech bubble, and I agree that China is fast becoming a legitimate competitor for the U.S.

But please don’t quote the Geobbeles News.

 
Comment by redmondjp
2017-01-30 11:44:46

You’re right, NYchk,

CNN is so much better because it is neutral, unbiased, and has zero propaganda.

And I’m surprised that you didn’t mention Zerohedge in there as well.

 
Comment by NYchk
2017-01-30 11:59:02

CNN is much better. It’s not perfect at all. But at least it was not created specifically as Geobbeles News international audience propaganda arm of a murderous fascist regime.

 
Comment by In Colorado
2017-01-30 12:21:48

When did silly consumer gadgets start being referred to as “high tech”?

Ditto for social media websites, illegal taxi and room rental websites, etc.

The real tech in those silly gadgets isn’t made by Apple, Samsung, Huweii, or any other phone company. The tech are the complex algorithms and chips that make mobile telephony possible. That’s the real “tech”, not silly taxi summoning apps.

 
Comment by MightyMike
2017-01-30 12:47:04

I thought that when I first saw iPhone 10 years ago - that it was a masterpiece of systems integration - pulling together lots of technologies developed by others over many years.

But tech or high tech can be whatever you want, a matter of opinion.

 
Comment by snake charmer
2017-01-30 13:33:25

He can quote whatever he wants, just like you can indirectly quote the New York Times and the Obama State Department. It isn’t automatically propaganda when a foreign news service criticizes something in this country. A Russia Today piece can be just as accurate, inaccurate, or purposefully fake as one from Al-Jazeera, the Washington Post, Fox, or MSNBC.

You can tell that the left is totally intellectually exhausted because it’s constantly making Hitler comparisons.

 
Comment by In Colorado
2017-01-30 14:12:55

You can tell that the left is totally intellectually exhausted because it’s constantly making Hitler comparisons.

And it’s only the second week of 8 loooooong years of tears for the left.

 
Comment by Albuquerquedan
2017-01-30 14:42:10

Dan, you do know that RT is the Kremlin-owned propagandist (misinformation) media, don’t you?

I am well aware of the Kremlin connections and the tendency to be supportive of Putin. However, it often provides facts and information left out by the MSM. The oath you take before testifying in court requires that you will tell the truth, the whole truth and nothing but the truth. Just as most people tend to violate the second and the third but not the first. I find that is true with media too. RT seldom engages in outright fabrication it just leaves out key facts. However, so does the NYT. Reading numerous publications with numerous views is the best way to determine that elusive beast called the truth.

 
Comment by Carl Morris
2017-01-30 16:12:21

When did silly consumer gadgets start being referred to as “high tech”?

I think it’s fair. Silly or not they’ve replaced all need for a desktop or laptop for a lot of people. It’s a real computer…how you choose to use it is up to you :-).

 
 
 
Comment by taxpayer
2017-01-30 08:07:03

OXIDE- can we get a “boots” report on DC. I’m in 22151,but people are mum and focused on the rear view mirror.

Comment by oxide
2017-01-30 09:04:09

I don’t know what DC proper looks like. I checked a couple areas in my suburban hood. There’s not much activity, selling or buying. But Zillow is showing a fair amount of pre-foreclosures. For example, if 100 houses are for sale, there are an additional 35-40 pre-foreclosures. If anything does come up for sale, if it’s in livable or fix-upable condition it’s snapped up quickly. If it’s overpriced dregs, it sits.

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Comment by taxpayer
2017-01-30 09:14:23

same in 22151
the epa 50% chop barely made the news cycle

 
Comment by In Colorado
2017-01-30 09:43:06

But what is the definition of overpriced?

 
Comment by oxide
2017-01-30 10:07:31

FYI on EPA:

http://www.recordonline.com/news/20170126/trump-expected-to-slash-epa-budget-workforce

Overpriced could mean wishing price from 2014 mini-bubble, or a fixer-upper listed for too high considering cost of needed repair, a house that was fixed up but — ha ha — expecting to make $40K profit off the reno, overestimating value of location, stuff like that.

 
 
 
Comment by rms
2017-01-30 09:01:10

What’s the status on the foreclosure moratoriums? The piper needs to collect… eventually. I don’t see write-downs happening as too many people exhausted their retirement savings trying to hand-on, so no free lunch happening.

Comment by In Colorado
2017-01-30 09:52:33

We’ll soon be hearing stories of people selling their motorcycles, jet skis, boats, etc., to raise cash.

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Comment by redmondjp
2017-01-30 22:59:17

Yippee! Moar good dealz on CL!!!

Got cash?

 
 
 
Comment by Lurker
2017-01-30 12:48:40

Helocs resetting too - the 10 year interest-only period from the 2006 vintages (peak heloc) reset in 2016. (That’s assuming they weren’t rolled into another IO period.)

Comment by Ben Jones
2017-01-30 16:05:31

‘A sharp increase in foreclosures is blamed for causing the housing market in the Longview area to plummet to second from the bottom among 200 markets nationwide…The spike in the foreclosure rate, to 34 percent in the final three months of 2016 from 8.84 percent a year earlier’

This is the first area wide jump in US foreclosures that wasn’t tied to 2004-2009. We’ve seen developers default, but this is the first big jump in recent house loans. You read it here first! Well, after you read it in the Longview News-journal.

They are being real quiet out in Midland these days. It’s probably getting bad in Houston about now too.

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Comment by Ben Jones
2017-01-29 17:54:02

‘Gillette’s population has dropped for the first time in nearly 20 years. Gillette lost an estimated 2,182 residents in 2016, the largest decline the city has seen since 1987. The unofficial city staff population estimate at the end of the year was 30,467.’

‘In 1987, it was reported that 2,192 people left town after a massive drop-off in the oil business.’

A comment:

‘Like getting out of rat hole Gillette is news after a boom fizzles out.’

There’s a few other booms fizzling out.

Comment by In Colorado
2017-01-30 08:10:53

Interesting that Gillette’s population didn’t droop when oil tumbled about 10 years ago.

I am a bit disappointed that gasoline has stubbornly clung to $2 even in my neck of the woods, as I was hoping for maybe ~$1.50 or less. It was lower this time last year.

Comment by NYchk
2017-01-30 11:31:09

Now it will be higher.

Comment by Danke Kraeder
2017-01-30 11:43:16

Nonsense.

Our good friend and ally Russia will continue to crrrrrush opec with our assistance.

Remember… Nothing accelerates the economy like falling prices to dramatically lower and more affordable levels.

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Comment by NYchk
2017-01-30 12:05:12

Russia is a petro-state. Low oil prices will murder it. It needs high oil prices - hence it’s unholy alliance with the U.S. petro-industry (Tillerson) and putting its puppet into the White House.

 
Comment by oxide
2017-01-30 12:39:57

I don’t know if you know this, but Americans are *extremely* sensitive to gas prices, especially the type of Americans who support Trump. If gas prices skyrocket, they will blame Trump very quickly. (Of course they didn’t praise Obama when gas prices fell, but there it is).

 
Comment by NYchk
2017-01-30 13:00:26

Nah, they won’t blame Trump if RT et al will explain to them how it’s all a fault of world-conspiracy-liberal-globalists who are undermining our precious baby president.

 
Comment by Danke Kraeder
2017-01-30 13:12:27

Hey Donk

 
Comment by In Colorado
2017-01-30 14:15:32

As long as OPEC doesn’t cut back production, and it doesn’t look like it will (especially with Iran back in the picture) I really doubt prices will go back up anytime soon.

 
Comment by Albuquerquedan
2017-01-30 14:57:30

don’t know if you know this, but Americans are *extremely* sensitive to gas prices, especially the type of Americans who support Trump. If gas prices skyrocket, they will blame Trump very quickly. (Of course they didn’t praise Obama when gas prices fell, but there it is).

Gasoline prices were around 50 cents a gallon more when he left office then when he took office. I think while $100 a barrel is possible for short periods of time, the several years that we had under Obama largely due to his middle east policies and subsequent disruption of supplies will not happen in real terms. However, we know have a glass ceiling on oil prices due to electric cars, fuel cells and alternative energy.

 
Comment by Albuquerquedan
 
Comment by Albuquerquedan
2017-01-30 15:25:21

know=now

 
Comment by Carl Morris
2017-01-30 16:18:00

I don’t know if you know this, but Americans are *extremely* sensitive to gas prices, especially the type of Americans who support Trump.

That has traditionally been true. But since North Dakota boomed a lot more of them are cheering for high gas prices these days. That was the first middle class paycheck ever for a lot of those guys and their families back home wherever…

 
Comment by Albuquerquedan
2017-01-30 16:30:26

True. Moreover, Obama never realized how much the lower oil prices were actually hurting GDP growth.

 
Comment by Albuquerquedan
2017-01-30 16:36:09

I think $70 a barrel is the political sweet spot for Trump. At that price plenty of shale oil jobs but gasoline prices would not be so high that they become a political liability. It is not my prediction for oil prices just an observation about the political sweet spot.

 
Comment by MightyMike
2017-01-30 21:18:06

There was a brutal recession going on when Obama took office which push down the price of gasoline. The idea that the population blames the president for high or rising gas prices may be false.

 
 
 
 
Comment by redmondjp
2017-01-30 11:45:56

I’ve driven through Gillette a couple of times. I marveled that anybody at all lived there that didn’t have to for work.

Flyover country indeed.

Comment by In Colorado
2017-01-30 12:24:30

The same could be said for most of Wyoming.I haven’t been to Gillette, but Laramie and Cheyenne are no bowls of fruit. Maybe Jackson, if you like to ski.

Comment by Carl Morris
2017-01-30 16:20:12

I have a soft spot for Laramie. Not a bad place to ski, street race, and get an engineering education. But yeah…I grew in in Cody which is more like Jackson for rednecks. I like the mountains.

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Comment by Prime_Is_Contained
2017-01-30 20:16:14

I grew in in Cody which is more like Jackson for rednecks. I like the mountains.

Somehow, that description made me want to visit. :-)

I like the mountains too; but with Seattle cost-of-living, I’m beginning to have thoughts that I might not be here forever.

 
Comment by Carl Morris
2017-01-30 20:46:21

Visiting is great. Living there can be a challenge for a lot of people. Both economically and culturally.

 
 
 
 
 
Comment by Housing Manager
2017-01-29 18:18:11

Huntington Park, CA Housing Prices Crater 11% YoY

http://www.zillow.com/huntington-park-ca/home-values/

 
Comment by Ben Jones
2017-01-29 18:24:22

‘a recent client did a mortgage modification and attempted to sell her house to get out from under the mortgage. But when she came to the table, the buyer didn’t have enough money for the mortgage and all of the unpaid fees, interests and charges tacked on the back end of her mortgage because of the modification program.’

An interesting way to put it. Up until now I wasn’t aware it was the buyers responsibility to make the seller whole at closing. Look at the bright side: you helped foam the runway for the banks! And it was cheaper than renting.

‘The state’s average annual household income dropped to about $57,000 in 2014 from $67,000 in 1999. Delaware was ranked ninth among the 10 worst states for household income growth. ‘We’ve lost jobs at Chrysler, General Motors, MBNA, DuPont, AstraZeneca,’ he said. ‘That has an effect on values.’

Now dang it Krugman said to forget about those jobs, it’s all robots anyway! Get off your lazy be-hinds and apply at Starbucks.

Comment by Raymond K Hessel
2017-01-30 05:37:17

Now dang it Krugman said to forget about those jobs, it’s all robots anyway! Get off your lazy be-hinds and apply at Starbucks.

Sure, but if you’re a native-born American, Starbucks’ globalist CEO just gave 10,000 refugees priority for hiring over you. Which is why I brew my own coffee at home.

http://www.marketwatch.com/story/starbucks-to-hire-10000-refugees-worldwide-2017-01-29

Comment by NYchk
2017-01-30 11:36:19

Did you READ the article? Did you miss the part about “worldwide”, “in 75 countries”?

75 countries, man.

Comment by In Colorado
2017-01-30 12:27:15

So you’re saying that none will be hired in the USA?

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Comment by oxide
2017-01-30 12:30:43

One comment correctly pointed out that in other countries, working permits are even tougher to obtain than in the US. Who’s going to put up the dough for the pricey paperwork?

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Comment by MightyMike
2017-01-30 12:59:43

The commenter probably has no idea what he’s talking about. Government around the world would presumable prefer to have their refugees at work making coffee rather than sit around collecting welfare.

 
Comment by In Colorado
2017-01-30 14:17:59

This hiring refugees is window dressing. They know the few if any refugees will look for a job and instead will be content to be on the dole indefinitely. There just saying it to score brownies points with the SJW crowd.

 
Comment by oxide
2017-01-30 14:32:48

Government around the world would presumable prefer to have their refugees at work

Huh? Refugees usually flee from one country to another country. It’s the receiving country that won’t grant the working papers.

 
Comment by MightyMike
2017-01-30 21:20:28

I think that it varies a lot. A number of countries have been taking in Syrian refugees from UN-run camps in neighboring countries. If there is work that they can do, the receiving countries would have to prefer that they do it and not be a burden on the rest of the country.

 
 
 
 
Comment by Raymond K Hessel
2017-01-30 06:04:36

Barista jobs - a staple of our Obama-Fed-Goldman Sachs “recovery” - are going away. Millennials graduating with huge college debts are screwed. I refuse to buy coffee or anything else from a robot - although I won’t miss reading about BLM-sympathizer baristas refusing cops service.

http://www.marketwatch.com/video/the-future-of-coffee-robot-baristas/C56038C3-5394-4C12-BFD9-B54A00D1639E.html

Comment by 2banana
2017-01-30 08:51:42

But but…

Peddling fiction…

 
Comment by In Colorado
2017-01-30 09:15:52

This makes me think of the “guaranteed income” meme suddenly being pushed. If most menial jobs, both here and in other countries, can be automated, there’s gonna be a lot more people on welfare or heading back to the family farm in Ding-Dong province, or wherever it is.

When was in the UK in 2015, we were traveling along the “Motorways” (their version of our Interstates, except they’re mirror smooth).

Instead of having gas stations and fast food joints at every off ramp like we do, they have giant rest stops with huge gas stations and eatery choices. McDonalds was a common option at those rest stops, and the ones I saw were huge. We grabbed at bite at one when we stopped for diesel. The ordering system was automated. They have kiosks with huge touch screens. You selected your order and paid at the kiosk (chipped cards only). It printed out a receipt and you went to the pickup area and waited at the huge counter for your order. I couldn’t see the kitchen, so no idea how automated it was, but I could eventually see the whole kit and kaboodle being automated, with maybe a manager supervising and solving issues that are beyond the AI’s abilities.

Comment by Ethan in Northern VA
2017-01-30 13:22:42

The landlords will raise rent and take the basic income.

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Comment by In Colorado
2017-01-30 14:19:31

We’ll see how that works with the tsunami of surplus rentals that is coming.

 
 
 
Comment by NYchk
2017-01-30 11:39:21

“I refuse to buy coffee or anything else from a robot”

Ever since I tried terrific beverages from a robot in Italy, I’m a convert. Very nice, and so convenient. The machines sold in the U.S. are not as nice, and too expensive, but just give it time. It’s a revolution.

Robots are coming.

Comment by In Colorado
2017-01-30 14:22:49

If you’re talking about Keurig type machines? I think they are already well accepted.

I think the original reference was to walking into a Starbucks, entering your order on a touch screen, swiping your credit card and a few minutes later your robot made whatever rolls out on a conveyor belt.

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Comment by redmondjp
2017-01-30 23:08:54

No it will be even better than that - you order your drink using your smartphone app (or if you get the same thing daily, it automatically orders it for you) and then tracks your position via GPS on your phone, so the order will be ready for pickup when you get there. You go through a drivethrough which has multiple tiny doors, each having a name on the screen above them. You put your phone up to the screen with your first name on it, the screen scans your QR code on your phone’s screen and the door slides open so you can get your drink. Your account is automatically debited.

No tipping required. The only people required will be the ones refilling the machine in the back and keeping it working, along with a cleaning once in a while.

We have a huge societal issue confronting us (especially right-wing radio talk show hosts) - what is everybody going to do when there are no longer any jobs?

 
 
Comment by Mot
2017-01-30 19:25:39

If it’s in the US, they’ll still expect a tip.

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Comment by Housing Manager
2017-01-29 18:26:11

Downtown Los Angeles, CA Rental Rates Plunge 7% YoY

http://www.zillow.com/downtown-los-angeles-ca/home-values/

 
Comment by Ben Jones
2017-01-29 18:29:20

‘There are different things they (homeowners) can do if they can’t repay and they don’t have the ability to maintain the home’

Better get some boxes?

Comment by Raymond K Hessel
2017-01-29 19:12:51

Stamp their little feet and proclaim that they are victims.

Comment by palmetto
2017-01-29 19:50:20

Yeah, everybody’s a victim these days. It’s the thing to be. A real global trend, doncha know.

Comment by new attitude
2017-01-29 21:22:58

Every one of 45’s supports is a victim of the atrocities of 8 yrs of Obama.

The need a change.

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Comment by Albuquerquedan
2017-01-30 10:13:09

All the citizens of the U.S. are victims of Obama’s twenty trillion dollar deficit.

 
Comment by Anonymous
2017-01-30 10:51:47

C’mon, its an achievement unrivaled in history! Doubling the national debt in only ~8 years ? Whodathunk it was possible!

 
Comment by new attitude
2017-01-30 11:22:23

Obama’s debt?? Yet he cut the deficit.

Darn those Bush Wars for oil, Bush tax cuts, and medicare expansions– I wish O was not Bush’s advisor.

 
Comment by Albuquerquedan
2017-01-30 15:45:16

Just more spin and talking points.

 
Comment by Prime_Is_Contained
2017-01-31 21:15:22

Darn those Bush Wars for oil, Bush tax cuts, and medicare expansions– I wish O was not Bush’s advisor.

With a Dem-controlled Congress, couldn’t he have changed any of that?

 
 
 
 
Comment by 2banana
2017-01-30 07:25:05

Fight for “their house?”

The FSA votes.

 
Comment by In Colorado
2017-01-30 08:15:07

Better get some boxes?

Sounds like a business opportunity (Boxes R Us). No checks, please.

Speaking of “no checks, please”, it surprises me that supermarkets still accept checks. It’s mostly gray oldsters who pay that way, but with the advent of debit cards you’d think that chains like Safeway and Kroger would have stopped accepting checks.

Comment by ethan in northern va
2017-01-30 11:47:59

instant verification via OCR, no credit card tax

Comment by In Colorado
2017-01-30 14:23:57

I’m sure that service isn’t free.

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Comment by palmetto
2017-01-29 20:04:46

“To those fleeing persecution, terror & war, Canadians will welcome you, regardless of your faith. Diversity is our strength #WelcomeToCanada”

oh dear…

http://www.zerohedge.com/news/2017-01-29/shots-fired-quebec-city-mosque-40-people-inside-multiple-injuries-reported

 
Comment by new attitude
2017-01-29 21:19:41

When will 45 stop winging it? This travel ban was poorly thought out.

Costing us all a lot of money. Won’t the bad guys just get fake Saudi passports?

Comment by 2banana
2017-01-30 08:53:39

Stomp them…

Stomp them hard.

Comment by new attitude
2017-01-30 11:23:52

Just wing it….

easier to break it all, as I told ya! Real estate crash is here, recession is coming…

Invest wisely.

 
Comment by In Colorado
2017-01-30 12:30:13

Stomp them…

Stomp them hard.

All those precious snowflakes are going to need new shoes soon.

 
 
Comment by Albuquerquedan
2017-01-30 09:39:50

Trump’s “winging it” policies are still ten times better than Obama’s “well thought out” policies. As I predicted at the time the United States promoting the “Arab Spring” was the biggest disaster to hit the region since Carter’s naïve policies of the late 1970s.

BTW, it looks like the left may lose one of their networks, try not to cry:

http://pagesix.com/2017/01/29/nbc-wants-to-be-the-next-fox-news-insiders-say/?_ga=1.171046819.2011501536.1485774844

Comment by oxide
2017-01-30 10:23:37

Isn’t NBC news already going in that direction? But maybe it would explain why NBC disabled its comment sections on their website.

Comment by redmondjp
2017-01-30 11:47:31

In order for propaganda to be most effective, you can’t let people question it or discuss it.

Most of my local news outlets have also disabled commenting.

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Comment by NYchk
2017-01-30 12:10:18

I think the reason for disabling commenting is because they are unable to fight paid trolls and automated (ro)bots.

Trolls kill independent discussion anyway. So they win in either case, whether one yields the field to trolls roaming free, or shuts down the comment section entirely.

 
 
 
Comment by Anonymous
2017-01-30 10:58:19

Allowing chaos to overtake multiple ME countries is unforgivable. No one learned anything by watching what unfolded in Iraq?

I know those dictators sucked, but the status quo was better than the cesspool we now face. Would the average Syrian say he or she is better off now than 10 years ago?

And this guy has a Nobel Peace Prize?!

Comment by NYchk
2017-01-30 11:56:14

The average Syrian objected to being gassed and killed by Assad. Popular uprisings occasionally happen in brutal regimes, don’t ya’ know?

What the U.S. should have done was either stay out of it entirely (that would have been my preference), or, if it decided to support the opposition, than commit to it fully and see it through. Instead, the U.S. got involved “a little bit”, promised a lot, then withdrew its support and left those people hanging.

If you join a fight, then fight and stand your ground, and don’t back off in fear when a bully gets reinforcements. The worst thing to do is join a fight, then let a bully walk all over you, while begging him to “please, stop, lets talk about it as civilized people”.

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Comment by Ben Jones
2017-01-30 12:23:31

‘objected to being gassed’

Except that’s not what happened. The main reason Obama didn’t invade Syria was because his intelligence guys came to him and showed among other proofs, the rocket with the gas couldn’t have come from the Syrian armies area. It was almost certainly a false flag operation by the jihadists. This is another example of how incorrect story lines keep being repeated for years. It’s interesting that just recently Kerry was found on a leaked audio to have said Obama’s administration wanted ISIS to grow. I have posted proofs, including a DIA paper showing ISIS was supported by the west and its allies. How many MSM outlets have ever reported that? Oh, they’ll show some guys getting burned alive in a cage repeatedly, but somehow the actually support for these people isn’t mentioned. The first casualty in war is the truth, and we’ve been at war for a long time.

 
Comment by In Colorado
2017-01-30 12:32:42

I’m beginning to think that Natasha might be a paid troll. She never talks about housing. Just how Russia needs to be put in its place.

 
Comment by palmetto
2017-01-30 13:27:41

“I’m beginning to think that Natasha might be a paid troll.”

I thought so too, at first, until I realized that there is something else going on. If you are going to respond, please do so with patience and kindness. It is a testimony to Ben’s decency that he gives her the space to work things out.

 
Comment by NYchk
2017-01-30 13:30:59

Ben, are you aware that Russian is the second most common language spoken by ISIS commanders and fighters?

Do you know how many Chechens joined ISIS? (after being given passports and let through the border by FSB - this is public information)? Do you know that Sadam Hussein’s Iraqi military command, which later organized ISIS, was trained in Russia and by Russians?

How can you seriously blame “Obama and Kerry”, while completely overlooking the Russian link to ISIS?

@ In Colorado - “I’m beginning to think ”

Keep reading RT and Breitbarf, they’ll do the thinking for you. :-)

The reason I now talk less about the housing and more about Russia, is because the world had changed, and the Republic truly is in danger. You have no idea what happened in Russia. I do. I fully realize the danger, you don’t.

If you knew half of what I know about them, you’d be screaming from the rooftops - danger, danger, danger. It’s not just Putin’s Russia we have to be concerned with, but they are meddling and working to destroy us - and they will win, if people don’t wake up.

You wouldn’t like living in the world they are trying to build.

 
Comment by NYchk
2017-01-30 13:34:51

Palmy, you’re an ass. But that’s okay. Life must be truly disappointing, for you to join the Dark Side. I hope things will get better for you.

 
Comment by palmetto
2017-01-30 13:50:32

I do apologize for my rudeness and insensitivity to you and I pray that you find peace. I wish you well in your endeavors.

 
Comment by In Colorado
2017-01-30 14:26:38

Keep reading RT and Breitbarf, they’ll do the thinking for you.

I think you read them far more than I do, which is pretty much never.

 
Comment by Albuquerquedan
2017-01-30 15:30:04

“I thought so too, at first, until I realized that there is something else going on. If you are going to respond, please do so with patience and kindness. It is a testimony to Ben’s decency that he gives her the space to work things out.”

I agree. Are we sure she is Russian and not Ukrainian? It just seems to be very personal with her. Maybe she is Russian but related to someone that suffered under Putin. I do not know.

 
Comment by NYchk
2017-01-30 16:58:16

“I agree. It just seems to be very personal with her.”

Oh, for crying out loud. You guys are too funny. Sure, “lets try polite trolling when facing someone impervious to our usual nastiness.” Good plan, keep it up. :-)

Of course it’s personal for me - and very soon it might get personal for you too.

I guess our main difference is in that, one, I just know more than you do about what’s going on there. And two, I don’t need to be related to someone to feel empathy and outrage when innocent people are murdered, imprisoned, tortured or robbed, and when the nuclear-armed country, run by criminal KGB thugs with inhuman aggressive dangerous ideology, starts to threaten my comfortable free existence here.

How do I explain this… I’m like a German anti-fascist who emigrated to the U.S. from Nazi Germany (not all Germans were Nazis, you know that, right?) Here, in the U.S. in 1930s, people didn’t know what fascism meant, yet. There, they already did - and while some joined the beast, others resisted. I choose to resist. On moral grounds.

Is that so hard to imagine?

 
Comment by Albuquerquedan
2017-01-30 18:04:37

Do you know how many Chechens joined ISIS? (after being given passports and let through the border by FSB - this is public information)? Do you know that Sadam Hussein’s Iraqi military command, which later organized ISIS, was trained in Russia and by Russians?

It does not explain all the half truths in this paragraph. Yes, the Soviet Union trained the Iraqi army when Iraq was a secular state. Russian crushed the Islamic Chechens rebels and it wanted the survivors out of its country. Don’t confuse blowback with policy.

 
Comment by NYchk
2017-01-30 19:39:41

“Russian crushed the Islamic Chechens rebels”

They didn’t. Putin just made a deal with one part of them, with one “family”, that’s all.

Chechen society is run by “families/clans”, so called “teips”. Everybody in Chechnya belongs to one of the “teips”, it’s a very feudal-like society. While in the past several teips ruled Chechnya, Moscow decided to end the war by making a deal and throwing its full support behind Kadyrov’s “teip”.

Moscow pays a ton of money to keep them happy and in harmony with Kremlin. For all intents and purposes, Russia lost Chechen wars, and is now paying reparations. In return, Moscow gets to use Kadyrov’s Chechen fighters at home, and abroad.

Kadyrov (Chechnya’s ruler, a former rebel) has free reign of Chechnya. For example, when Russian police authorities wanted to come to Chechnya to interrogate Boris Nemtsov’s murder suspect, Kadyrov said he’s authorizing his troops to shoot to kill any Russian official investigator who dares to set foot in Chechnya. And nothing happened to Kadyrov, and no one went to Chechnya to investigate.

The other case recently - it was reported than a teenage girl was being forced to “marry”, as a second wife to a 50-year old police chief of a small village. In Russia, bigamy is illegal, and so is statutory rape. Chechnya is a territory of Russia and should, in theory, follow Russian laws. And yet…

Girl’s friends contacted journalists, and complained to Russian authorities. The girl and her family asked for protection. Then Kadyrov made a public appearance and said that no one is allowed to meddle in the beautiful customs of Islam and Chechnya, and therefore marrying off a child as a “second wife” to a nasty 50-year old pedofile is okay. Kadyrov participated in the wedding, which was televised and shown across the country.

Chechnya achieved a level of independence that its “crushed islamic fighters” never dreamed of. Kadyrov bragged that he killed his first Russian solder when he was 16 year old.

 
Comment by NYchk
2017-01-30 19:44:32

“Yes, the Soviet Union trained the Iraqi army when Iraq was a secular state.”

Russia did too, and quite recently. Pretty much up until the U.S. invasion.

 
 
 
 
Comment by oxide
2017-01-30 12:56:43

You know what I should track? The number of teenagers who “come out” as transgender in the next few years, now that the protesters have much bigger fish to fry.

Comment by palmetto
2017-01-30 13:58:43

You should track PJW, lol.

 
 
Comment by Carl Morris
2017-01-30 16:24:45

When will 45 stop winging it?

People generally stick with lifelong habits that have always worked for them in the past.

 
 
Comment by Raymond K Hessel
2017-01-30 04:49:16

Hmm…I thought the whole idea of pre-construction condo flipping was to MAKE money.

http://wolfstreet.com/2017/01/29/condo-speculation-collapses-in-miami-dade-condo-glut/

 
Comment by azdude
2017-01-30 05:40:37

u just cant go wrong buying a house in CA cause everyone wants to be here cause of the weather.

 
Comment by palmetto
2017-01-30 06:27:27

No, everyone wants to be here in Florida! Especially the folks from the Northeast. Oh, they’re tired of shoveling snow and dealing with the gray days. So they’ll move to Florida. And tell us how things are done up north.

Comment by 2banana
2017-01-30 07:26:48

And talk about how they are going to vote for higher taxes and stronger gun laws…

 
Comment by In Colorado
2017-01-30 08:17:25

Do they complain about the sweltering summers?

Oh, wait, they’re from the Northeast. They also have hot, humid summers.

Never mind.

Comment by palmetto
2017-01-30 08:33:33

“Do they complain about the sweltering summers?”

He-he, no. Read some of the moronic comments on the relocation boards. They love it! It’s all BS of course, because they have to justify what’s so great about Florida on account of they moved here.

After a few years, they’re singing a different tune, believe me.

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Comment by In Colorado
2017-01-30 08:51:32

I was in Orlando, summer 2015, for a family reunion.

I don’t think I could possibly live in that climate. It would drive me insane.

 
Comment by rms
2017-01-30 09:21:35

“I don’t think I could possibly live in that climate.”

Hehe… you discovered the wet-bulb?

 
Comment by In Colorado
2017-01-30 09:37:36

Not much use for those here in the Centennial State.

 
Comment by John F. Anderson
2017-01-30 11:11:41

Hot summers don’t bother me. Of course, I’m from New Orleans. Normalcy is relative… so is sanity.
Regards,
Roidy

 
Comment by snake charmer
2017-01-30 21:39:28

The last two summers have been almost unbearable here, even by Florida standards. Part of the problem is that the hot season seems to have lengthened by several weeks of late, and now lasts into December. The thunderstorm pattern also is different; it rains later in the day, making the humidity more of a challenge.

 
 
Comment by NYchk
2017-01-30 12:15:26

“Do they complain about the sweltering summers?”

I wouldn’t. I love the heat, and hate the snow.

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Comment by In Colorado
2017-01-30 12:39:19

Knock yourself out.

The think about the “snow belt”, at least where I live, is that it isn’t always cold and snowy. We haven’t have any snowfall for a a few weeks, and today’s high with be in the 60’s.

The only time it isn’t insanely hot and humid in the Summer in Orlando is when it rains in biblical proportions.

The one memory that stands out from my summer Orlando trip was that I would be drenched in sweat minutes after leaving the air conditioned facility I was in. There’s a reason most of lines at Disney in Orlando are indoors.

And don’t get me started on the bugs. Disney must fumigate their parks like there’s no tomorrow.

 
Comment by rms
2017-01-30 13:28:13

“We haven’t have any snowfall for a a few weeks, and today’s high with be in the 60’s.”

Colorado I assume?

This has been our harshest winter in twenty years up in the Columbia Basin. Our power bill was 47% higher than previous years for the same period. Single digit daytime and minus teens in the evening; we’re not a destination.

 
Comment by NYchk
2017-01-30 13:39:57

This has been one of the mildest winters in New York.

It’s not like I would ever prefer heat to “nicely warm”, but if I have to choose between “freezing” and “sweltering”, I’ll take the heat, LOL.

 
Comment by In Colorado
2017-01-30 14:31:39

Upstate New York winters are no picnic, that’s for sure. People move from places like that to here on the Front Range and they sing the praises of the weather.

Too bad California is rotten to the core. That is perfect weather.

 
Comment by In Colorado
2017-01-30 14:33:51

Also, for me, the summer bugs are the real show stopper. If you’ve only lived on the East Coast you probably won’t get it.

 
 
 
Comment by nolookpass13
2017-01-30 08:33:21

And then they complain if the temps drop below 70 F.
Work with a guy that lived up north. Comes to work with a jacket on with it’s in the low 60s.
All the while, I’m enjoying a break from the heat and humidity.

Comment by palmetto
2017-01-30 08:47:02

Actually, I see a lot of the snowbirds out in shorts and flip-flops even when the temps drop.

I used to bring a jacket to work in the dead of summer, because the AC was always cranking. Used to be, during the summer, you went outside to get warm. But then people got pucker-butt about energy bills, and things changed.

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Comment by In Colorado
2017-01-30 12:40:29

Actually, I see a lot of the snowbirds out in shorts and flip-flops even when the temps drop.

You mean like when it drops to a frigid 70F? ;-)

 
Comment by MightyMike
2017-01-30 13:03:55

They probably do it even when it’s 50 degrees. To a person from Wisconsin, Massachusetts, or Ontario, down for a few weeks, that’s positively balmy.

 
 
Comment by In Colorado
2017-01-30 08:58:24

That reminds me of another trip to Orlando, in January, many years ago.

The morning wasn’t too bad, hoodie weather from my perspective, maybe mid 50’s. We pulled into the parking lot at Disney and the parking lot attendants were wearing parkas as were many of the staff in the parks. I guess when you’re used to mid 90’s and 90%+ humidity that 55F with some humidity would feel positively arctic.

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Comment by aqius
2017-01-30 10:51:43

I remember all those Florida bumper stickers in the 70’s & 80’s such as: ” We don’t care HOW you did it up north!”

and: ” Not all of us are on vacation. MOVE OVER”.

hehe. good times

Comment by MightyMike
2017-01-30 12:07:48

If it wasn’t for tourists, snowbirds and northern retirees, the Florida economy would grind to a halt.

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Comment by Hi-Z
2017-01-30 12:20:50

Speaking as a native Floridian, I wish we could test that.

 
Comment by In Colorado
2017-01-30 12:42:26

Yeah, they depend on it now. But most of those hotel, restaurant and theme park jobs pay menial wages. Had they never materialized, most of those jobs would be elsewhere.

 
Comment by MightyMike
2017-01-30 12:55:07

Yes, that’s true, but Florida has a low cost of living. So people with those menial jobs can scrape by. The rapidly growing population means that construction is an important part of the economy. The presence of the senior citizens also means that lots of Social Security, Medicare, pension payments and so forth flow in to Florida from out of the state.

 
 
 
 
Comment by palmetto
2017-01-30 08:07:02

Speaking of California, looks like there’ll be some shacks up for sale in BevHills and other ‘hoods favored by the movie industry. Kind of a shame, but they did it to themselves.

http://www.vanityfair.com/news/2017/01/why-hollywood-as-we-know-it-is-already-over

Not to worry, though. All that Chinese money will purchase those shacks.

Comment by In Colorado
2017-01-30 08:49:34

If you could give a computer all the best scripts ever written, it would eventually be able to write one that might come close to replicating an Aaron Sorkin screenplay. In such a scenario, it’s unlikely that an algorithm would be able to write the next Social Network, but the end result would likely compete with the mediocre, and even quite good, fare that still populates many screens each holiday season.

So, in other words, the computers will write more scripts for P.C. flicks as well as mediocre action and superhero movies. The only difference is that they’ll bust the unions and we’ll watch these movies via Netflix, Amazon or Hulu on our 100 inch TV’s instead of at the cinema. That’s assuming that we’ll bother to watch them at all. More than once have I started some movie on Netflix and then bailed out after less than 15 minutes.

I did love this from the article:

After an early take, the director yelled “Cut,” and this screenwriter, as is customary, ambled off to the side with the actor to offer a comment on his delivery. As they stood there chatting, the screenwriter noticed that a tiny droplet of rain remained on the actor’s shoulder. Politely, as they spoke, he brushed it off. Then, seemingly out of nowhere, an employee from the production’s wardrobe department rushed over to berate him. “That is not your job,” she scolded. “That is my job.”

The screenwriter was stunned. But he had also worked in Hollywood long enough to understand what she was really saying: quite literally, wiping rain off an actor’s wardrobe was her job—a job that was well paid and protected by a union. And as with the other couple of hundred people on set, only she could perform it.

Nice work, if you can get it. I have read that many TV shows are now filmed in Canada, to save money, though I imagine they too have their unions, whose saving grace is that they are probably less greedy and ridiculous than those in Hollywood.

Comment by 2banana
2017-01-30 09:12:13

I was in a convention in Philly a few years ago.

You had to hire a union electrician to plug or unplug any electronics like a laptop.

So now Philly is begging for convention business.

Progressives just don’t get it.

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Comment by In Colorado
2017-01-30 09:35:55

That’s par for the course in many convention centers, which mostly sit idle as there is a glut of them. It seems that every city has a huge convention center these days. The one in Denver is usually empty or has a tiny convention that takes up a fraction of the floor space. Small wonder regional Comic Cons have become such a big deal. It is by far the biggest convention in Denver. It attracted 115,000 last year. Nothing else even came close.

 
Comment by Anonymous
2017-01-30 11:06:27

Convention business is booming here in Las Vegas! They had to close and raze the old Riviera to make room for a convention center expansion. And then there’s the gigantic Mandalay Bay convention space.

http://www.lvcva.com/

https://www.mandalaybay.com/en/meetings-groups/meeting-convention-facilities.html

 
Comment by 2banana
2017-01-30 14:29:24

HA!

That is where the next convention was held!

Convention business is booming here in Las Vegas!

 
Comment by snake charmer
2017-01-30 21:43:07

The most enthusiastic conventions in Tampa involve anime and cosplay. I haven’t figured that one out. We used to have “Fetish Con,” but that moved to St. Pete.

 
 
Comment by oxide
2017-01-30 09:29:12

I predict that the Oscar ceremony is going to have record low ratings this year. Who wants to watch millionaires pop off about their politics.

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Comment by Albuquerquedan
2017-01-30 09:53:49

Yes, they have intellectual malfunctions about as often as they have clothing malfunctions. With most of them, their intellectual malfunctions are like watching Dunham have a clothing malfunction, it is not a pretty sight.

 
Comment by In Colorado
2017-01-30 10:06:27

Every one in a while I think of seeing a movie and check out the local multiplex’s website. 14 screens and more often than not there’s nothing that grabs my attention.

And when I do go, I often end up disappointed. The Farce Awakens and Rogue One come to mind.

With Rogue one there was all this buzz about Vader being in it. He was little more than a boring prop. The new characters were so forgettable that I can’t even remember their names. The current Star Wars cartoon show is better than that movie.

 
Comment by Mot
2017-01-30 20:40:30

I’m kinda spoiled - there is a theater literally a 4 minute walk from my door. It’s a nicer scree and sound system than I have at home.

 
 
 
 
Comment by rms
2017-01-30 09:04:59

It was 72-degrees on the Central Coast yesterday!

 
 
Comment by Raymond K Hessel
2017-01-30 05:43:37

The contrarians are starting to come out of the woodwork to bet against the Fed’s asset bubbles and Ponzi markets.

http://www.marketwatch.com/story/this-trader-bets-it-all-on-apple-getting-crushed-after-earnings-2017-01-30?link=MW_latest_news

Comment by Big Fat Ugly Bubble
2017-01-30 07:58:50

I guess anyone can call themselves a “trader”, but that guy is a just a degenerate gambler. Took a 2.5 million dollar inheritance and blew it on stocks and blackjack and poker.

Comment by Albuquerquedan
2017-01-30 09:03:01

I think between what HA has called me and Hillary’s comment, I qualify as a “deplorable degenerate”. I embrace it. LOL

 
 
 
Comment by Albuquerquedan
Comment by 2banana
2017-01-30 08:50:11

The press tries so hard to portray muslims as victims.

But they just won’t cooperate…

Any bets it was an unvetted muslim refugee or muslim illegal?

Maybe just workplace violence…

God bless DJT

Comment by In Colorado
2017-01-30 09:28:24

Could have been a Sunni vs. Shia thing. Interesting that one attacker was a Quebecer and the other was a Moroccan.

Comment by redmondjp
2017-01-30 11:54:29

That’s exactly what I am thinking.

Religion of Peace my aaaaes . . .

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Comment by engineer
2017-01-30 07:15:42

Hi Ben

Any comments on Warm Spring, CA in bay area or Mission San Jose school district, Fremont or Milpitas, CA.

I’m reading this blog for a year now, I am really frustrated with the housing. In Milpitas where I rent currently (bad schools, Jail, smell of dumping ground) but close to my office, every year it’s gone up by 50K-100K or so, something that was priced 550K, I see it around 850K or more in last 4 years. I see no drops and it’s really frustrating for me to sit and watch prices keep going up. When will this crash? The crooks have rigged the system I feel. My salary has not gone up much (I’m in tech). But GOOG/FB/AMZN keeps going up and up and so are their 1000s of employees and every year 10 startups making in millions, another 1000s making millions and willing to pay ton of money for crap house driving this market. so there is a demand due to money from stocks, people like me are struggling to buy a home.

Please help with more accurate predictions.

Comment by Ben Jones
2017-01-30 07:35:14

I’ve never heard of those places.

 
Comment by Carl Morris
2017-01-30 16:34:27

Please help with more accurate predictions.

Hahah. I’m in San Jose right now. There can be no accurate predictions as long as it’s rigged…unless you’re the rigger.

Comment by Neuromance
2017-01-30 17:00:30

Indeed. We don’t have lunch with the heads of the Fed or members of congressional committees. We don’t know what the top players and planners are thinking. More money printing? More mortgage buying? More operation borrow/print? In the aftermath of the 2008 financial crisis, we now understand how much ‘Big Men’ influence the central bank’s and the government’s choices. But it’s also a little like playing poker while having no idea what the other players are holding.

If things were going so well, we wouldn’t have first gotten Obama, who was a significant change, and then Trump. We would have gotten a guardian of the status quo, Hillary.

 
 
 
Comment by engineer goo
2017-01-30 07:17:04

Hi Ben

Any comments on Warm Spring, CA in bay area or Mission San Jose school district, Fremont or Milpitas, CA.

I’m reading this blog for a year now, I am really frustrated with the housing. In Milpitas where I rent currently (bad schools, Jail, smell of dumping ground) but close to my office, every year it’s gone up by 50K-100K or so, something that was priced 550K, I see it around 850K or more in last 4 years. I see no drops and it’s really frustrating for me to sit and watch prices keep going up. When will this crash? The crooks have rigged the system I feel. My salary has not gone up much (I’m in tech). But GOOG/FB/AMZN keeps going up and up and so are their 1000s of employees and every year 10 startups making in millions, another 1000s making millions and willing to pay ton of money for crap house driving this market. so there is a demand due to money from stocks, people like me are struggling to buy a home.

Please help with more accurate predictions.

Comment by Panda Triste
2017-01-30 08:02:33

They aren’t making more fog.

 
 
Comment by John Smith
2017-01-30 07:25:12

Hi Ben

Any comments on Warm Spring, CA in bay area or Mission San Jose school district, Fremont or Milpitas, CA.

I’m reading this blog for a year now, I am really frustrated with the housing. In Milpitas where I rent currently (bad schools, Jail, smell of dumping ground) but close to my office, every year it’s gone up by 50K-100K or so, something that was priced 550K, I see it around 850K or more in last 4 years. I see no drops and it’s really frustrating for me to sit and watch prices keep going up. When will this crash? The crooks have rigged the system I feel. My salary has not gone up much (I’m in tech). But GOOG/FB/AMZN / APPL keeps going up and up and so are their 1000s of employees and every year 10 startups making in millions, another 1000s making millions and willing to pay ton of money for crap house driving this market. so there is a demand due to money from stocks, people like me are struggling to buy a home.

Please help with more accurate predictions.

Comment by palmetto
2017-01-30 08:43:24

“I see no drops and it’s really frustrating for me to sit and watch prices keep going up. When will this crash?”

It will crash when one of two things happen: Either the FED and other central banking systems are ended, or a black swan like an EMP occurs. And not until then.

“The crooks have rigged the system I feel. My salary has not gone up much (I’m in tech). But GOOG/FB/AMZN / APPL keeps going up and up and so are their 1000s of employees and every year 10 startups making in millions, another 1000s making millions and willing to pay ton of money for crap house driving this market. so there is a demand due to money from stocks, people like me are struggling to buy a home.”

So you are one of the productive people subsidizing and doing a good job for the parasites. That sucks. Do unto them as they have done unto you. Give ‘em exactly what you’re getting from them. Do it covertly with a smile on your face and a song in your heart. At this time, productivity is not rewarded. It is punished. I hate to have to say that, but that’s how it is. It won’t always be this way, but to be honest, I can’t really tell you when true productivity will become fashionable again. Maybe when some VC gets the wrong nut removed by an imported doctor.

 
Comment by cactus
2017-01-30 10:04:05

Housing will crash and at the same time you lose your job.

That is what will make housing crash, job loses.

Comment by Danke Kraeder
2017-01-30 10:53:17

The job losses already occurred my friend. Remember… The labor force participation rate is at 30 year low.

 
Comment by redmondjp
2017-01-30 11:56:12

And tens of thousands of “tech” workers can be unemployed overnight when the VC dollars run out.

But remember, it’s different this time (said the sock puppet with the wristwatch).

 
 
Comment by butters
2017-01-30 11:21:22

John Smith - that’ a fake name.

 
Comment by Lurker
2017-01-30 13:19:27

” every year 10 startups making in millions”

That’s actually an exaggeration. The IPO drought has made it difficult for workers and investors at even the most over-hyped start-ups to cash out, and often they have to sell their illiquid private shares at a steep discount to a new crop of private share brokers just to translate their paper net worth to spendable cash:

“we’ve seen new players emerge that focus on providing the liquidity needed by tech employees to exercise shares… these firms are exchanging loans for promised shares in the future. And more companies are simply taking matters into their own hands – Uber has been known to purchase stock from employees at a discount and Palantir has an executive that acts as a broker.”*

Or employees can go to a bank with a special relationship with the tech firm to borrow against these illiquid shares. So the “making millions” part is actually “borrowing millions against paper wealth.”

* https://www.newtechnorthwest.com/does-the-lack-of-ipos-hurt-tech-employees/

 
 
Comment by taxpayer
2017-01-30 08:05:02

wow, zillow thinks re will go up in the DC area. Hello,trumpf just offered to cut EPA by 50% and it barely made the news.
DC may have it’s first real recession.

Comment by 2banana
2017-01-30 08:22:50

God Bless DJT…

Comment by Danke Kraeder
2017-01-30 09:23:52

Amen brother. And God blessed America with a truly remarkable man for President.

 
 
 
Comment by Danke Kraeder
2017-01-30 08:23:21

crushing.housing.losses.

Comment by palmetto
2017-01-30 08:26:34

Yeah. Apocollapse now.

Comment by Danke Kraeder
2017-01-30 09:13:05

Nice!

Comment by palmetto
2017-01-30 10:23:43

ty, ty.

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Comment by palmetto
2017-01-30 08:25:09

Jeebus, today’s google doodle features John Podesta. With some sort of medal around his neck.

Comment by 2banana
2017-01-30 08:46:54

Who uses the Google search engine anymore?

The track you and censor your searches.

So many other better options.

Duckduckgo.com is one.

Comment by palmetto
2017-01-30 09:34:49

Does anyone really use duckduck.go? I checked it out. You better have impenetrable defenses on your computer/device.

Sucksuck.go is a nice idea with terrible execution.

 
Comment by rms
2017-01-31 00:49:41

“So many other better options.”

ixquick.com

 
 
Comment by Anonymous
2017-01-30 09:37:25

I see Fred Korematsu as the Google Doodle.

Comment by palmetto
2017-01-30 09:53:07

Oh, tee-hee, I didn’t bother to check out the name.

Sorry, didn’t mean to insult old Fred there.

When are they gonna have Swathi Tillamook for a doodle? Or Grace Argiwargibargiwal? Pepe Laducdufrontenac?

Comment by Anonymous
2017-01-30 11:10:11

Soon, perhaps…just to check if people are actually paying attention. ;)

BTW, interesting and surely not by accident that they chose Korematsu today, following the events of the last few days…

https://www.google.com/#q=Fred+Korematsu&oi=ddle&hl=en

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Comment by Ben Jones
2017-01-30 08:45:00

‘The Trump administration has the media and its political opponents (or do I repeat myself?) in a lather as the White House continues to fire executive orders in quick succession, demolishing the old order and enraging both liberals and their newfound neoconservative allies. Amid all the virtue-signaling hysterics, the most significant aspects of what is occurring are being overlooked.’

‘While the blue-state crowd is protesting President Trump’s order banning travel to the US by citizens of Iran, Iraq, Syria, Sudan, Libya, Yemen, and Somalia, what gets lost in all the shouting is that the legal and political basis of his order was laid down by President Barack Obama. These people don’t care to recall that, in 2013, Obama banned all refugees from Iraq for six months, and his action was hardly noticed: Trump is only proposing a ninety-day pause. What prompted Obama’s action, as ABC News reported at the time, was “the discovery in 2009 of two al Qaeda-Iraq terrorists living as refugees in Bowling Green, Kentucky — who later admitted in court that they’d attacked U.S. soldiers in Iraq.”

‘Two years later, Congress passed a law, the Visa Waiver Program Improvement and Terrorist Travel Prevention Act, that restricted travel visas for citizens of “states of concern,” i.e. Syria, Sudan, Iraq, Iran and “any other country or area of concern.” Obama promptly signed it. In early 2016, the Department of Homeland Security unilaterally extended these restrictions to Yemen, Libya, and Somalia. What this meant was that the visa waiver program did not apply to citizens of these countries: travelers had to apply for a visa at US embassies, a highly problematic matter (Syria, for one, has no such facility) and were very unlikely to be successful in their efforts. I don’t recall any protests at the time.’

‘In short, the legal and political basis of Trump’s executive order – which is being denounced as an unprecedented attack on our allies (Iraq), civil liberties, and decency itself – was laid during the previous regime. Trump has simply dispensed with the fiction that these travelers are welcomed by our government, and issued an ostensibly temporary outright ban.’

‘Aside from the hypocrisy underscored in that history, however, a larger point needs to be made: this all follows from our bipartisan foreign policy of perpetual war. Regardless of one’s views on immigration, the idea that we can invade the world and then proceed to invite the world is worse than naïve – it’s dangerous. As Garet Garrett, that prophet of the Old Right, put it more than half a century ago: “How, now, thou American, frustrated crusader, do you know where you are? Is it security you want? There is no security at the top of the world. To thine own self a liberator, to the world an alarming portent, do you know where you are going from here?”

Comment by palmetto
2017-01-30 08:51:22

Well, that’s a nice shot of truth POW in the kisser this fine morning.

Comment by Ben Jones
2017-01-30 09:04:03

‘Ivanka Trump Shows Off $5,000 Dress in Midst of Immigration Chaos … Internet Reacts’

‘Katie @wrennywrenn

@amjoyshow @IvankaTrump It reminds me of when Germans danced to Richard Wagner and went to concerts as Jews were led into gas chambers.’

Comment by Albuquerquedan
2017-01-30 09:12:19

It is sad when people minimize the horror of that time by engaging in such hyperbola, they are making it more likely to occur since what are they going to say when a true Hitler arises?

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Comment by In Colorado
2017-01-30 09:19:19

The seem to forget which president bragged about being good at killing people.

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Comment by 2banana
2017-01-30 09:19:40

The left still doesn’t get why they lost.

It’s going to be a long eight years for them.

They can’t even figure out Ivanka is a private citizens and Hillary and the Wookie wore much more expensive dresses and pantsuits on a regular basis…

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Comment by Albuquerquedan
2017-01-30 09:45:21

Ivanka does not have to wear pantsuits because she is not wearing Depends like Hillary. 5000 dollar dresses for the Hollywood crowd is low end but they still attack a private citizen for it.

 
Comment by MightyMike
2017-01-30 21:26:36

That’s the reason that the left lost. It’s the Depends issue.

 
 
Comment by leydan
2017-01-30 10:10:03

“It was not a theoretical question: Mr. Obama has placed himself at the helm of a top secret “nominations” process to designate terrorists for kill or capture, of which the capture part has become largely theoretical. He had vowed to align the fight against Al Qaeda with American values; the chart, introducing people whose deaths he might soon be asked to order, underscored just what a moral and legal conundrum this could be.”

I heard no such protests during the last 4 years, when the President was actually ordering assassinations. Can one imagine how that article would read if it were describing a policy of the current administration?

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Comment by 2banana
2017-01-30 08:58:51

Can’t wait for the IRS audits of all things left.

Obama showed us the way on some many things…

Ignoring laws you don’t like
Making up laws you wished you had
Bankrupting industries you don’t like
Inviting illegals to vote
Defunding programs based on pologics
Prosecution of those you disagree with
Etc.

It’s going to be a long eight years for the progressives

 
Comment by Anonymous
2017-01-30 09:44:10

I wanted to check this out myself…went over to a popular search engine…started typing…and look what happened! Guess lots of people are checking out this story, lol:

http://img.photobucket.com/albums/v408/csskalet/2017%20uploads/Capture_zpskfepe737.jpg

 
Comment by NYchk
2017-01-30 12:57:58

Even the Koch network is getting worried about Trump’s authoritarianism.

https://www.washingtonpost.com/politics/koch-network-poised-for-new-role–as-the-conservative-resistance-to-trump/2017/01/30/7750ef02-e67c-11e6-bf6f-301b6b443624_story.html#comments

Which is hilarious, considering Koch donors are spending hundreds of millions of dollars on supporting the very same policies now pushed by Trump (with one exception - free trade).

Repeal (and do not replace) ACA, destroy public education, lower taxes, destroy EPA, deny climate change - that’s both Koch’s and Trump’s joint platform.

But… it’s not free trade that got them worried, and even all those other Trump policies that Koch support are not enough to alleviate their fear.

It’s one thing to preach “all things libertarian” and work to “reduce the government” in order to become richer and less controlled by laws, without pesky meddling by the state or the little folks. It’s quite another to see the rise of an autocrat, and suddenly realize that in a government-less, law-less society everyone is less protected, and even an oligarch is but a potential victim of an autocrat.

I guess they wanted all the benefits of “killing liberalism” (i.e., getting rid of liberty for all)… without its costs. Shortsighted greedy morons.

They should have looked at how well these ideas of “no government, no regulation, no laws” worked out for the Russian oligarchs - who announce publicly that their wealth does not belong to them, and that they will give it up as soon as Putin asks, LOL.

If you diligently work to bring about “the-strong-eat-the-weak” world, don’t be surprised when you find yourself at danger of being eaten. Duh!

Comment by Danke Kraeder
2017-01-30 13:43:51

Russia is a great friend and ally of the US and will work closely to get these rigged and inflated prices down to dramatically lower and more affordable levels.

 
 
Comment by justthefacts
2017-01-30 15:55:19

Obama did not “ban all refugees from Iraq” in 2011. Obama’s order required more stringent review of certain Iraqis, but applied only to refugees and applicants for Special Immigrant Visas (SIVs), created by Congress to help Iraqis (and later Afghans) who supported the United States in those conflicts. And while the flow of Iraqi refugees slowed significantly during the Obama administration’s more stringent review, refugees continued to be admitted to the United States during that time, and there was not a single month in which no Iraqis arrived here. In other words, while there were delays in processing, there was no outright ban.

Say what you want about Obama, but he didn’t come anywhere close to a seven-country ban that (at least initially, until the uproar caused a reversal) affected even residents of our country trying to return from abroad.

Comment by Ben Jones
2017-01-30 16:22:05

‘he didn’t come anywhere close to a seven-country ban’

He did get 400,000 innocent people killed in Syria. I don’t know how many died in Libya. It’s too crazy over there to count bodies I guess.

 
 
 
Comment by aNYCdj
2017-01-30 09:31:47

another old low rise building destroyed for luxury condos in Long Island City but wait there is a subway stop outside the front door, man that increases its price by another 25%.

http://licpost.com/jackson-avenue-building-about-to-face-wrecking-ball

Comment by 2banana
2017-01-30 09:47:47

The property taxes alone on those future air boxes are going to make most pee in their pants….

Comment by NYchk
2017-01-30 13:47:09

Also, projects nearby. And a toxic Super Fund dump. And a number 7 train which is always broken, and other trains permanently overcrowded. And no schools, no grocery stores, no gyms, no shopping. But, plenty of striptease clubs.

LIC condos - the worst. idea. ever.

Comment by Danke Kraeder
2017-01-30 14:20:35

That’s NYC. A hellish ghetto.

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Comment by NYchk
2017-01-30 17:32:39

“That’s NYC. A hellish ghetto.”

True. Although some parts are very nice. Expensive, but nice. And in the summer, I prefer spending weekends at the beach, because the city is unbearable.

 
 
Comment by aNYCdj
2017-01-30 15:24:46

Yeah the key food in greenpoint or the key food/ctown on 44 dr…is as close as you get someone with a small car could make a living delivering groceries to the condozes between those stores.

but then they probably get fresh direct since money is no object and probably dont want to be seen in such lowly stores.

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Comment by NYchk
2017-01-30 17:41:00

I live in Manhattan, but I do all my grocery shopping on Long Island. The only thing that I regularly buy in the city is milk, from Duane Read (much nicer than from the stores, for some reason). Occasionally, if I’m running out of stuff, I’d shop at Whole Foods and Trader’s Joe - but egads!, the prices, the lines, the poor quality. Just no comparison to suburbs.

Even Queens is better than Mahhattan for groceries. LIC sucks, Sunnyside is better. I guess the further one gets to LI, the better grocery shopping gets.

 
 
 
 
 
Comment by phony scandals
 
Comment by phony scandals
2017-01-30 09:50:42

Paul Joseph Watson always seems to hit the nail

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

Comment by phony scandals
2017-01-30 09:56:15

Shmuck Chumer is a terrible actor.

Comment by Danke Kraeder
2017-01-30 11:53:41

:green:

“Trump mocks Schumer for crying during speech protesting his immigration ban”

https://www.yahoo.com/news/trump-mocks-schumer-for-crying-during-speech-protesting-his-immigration-ban-144218788.html

 
 
Comment by oxide
2017-01-30 12:25:56

Yup, I saw the newest from ♥PJW♥. Is it true that Canada is only accepting women, children, and family refugees?

Comment by In Colorado
2017-01-30 12:48:52

And those refugees will be permanent welfare recipients.

Meanwhile, American libs who want to move to Canada are rejected because they don’t have a STEM job offer in hand.

Comment by oxide
2017-01-30 14:49:07

I’m still wondering about that well-off guy who tried to emigrate to Australia, and Australia turned him down because his autistic son might drain the health care system. So, when can we see the first Yemeni refugee working at SBUX?

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Comment by 2banana
2017-01-30 09:57:46

The fake legacy media has no shame and no memory.

And can’t understand why no one trusts them anymore.

Obama on building a wall:

https://youtu.be/RLx1EKifpGs

Clinton on illegals:

https://youtu.be/4wxMTh_UzHM

Comment by Anonymous
2017-01-30 11:19:32

LOL x 2 !

And Bill got a standing ovation for it.

 
 
Comment by ZH
2017-01-30 10:44:01

http://www.zerohedge.com/news/2017-01-29/trump-slams-mccain-graham-stop-trying-start-world-war-iii

Trump Slams McCain, Graham: “Stop Trying To Start World War III”

Comment by NYchk
2017-01-30 17:21:30

Trump promised not to move the American embassy to Jerusalem, and stopped supporting resettlements? Really? /tongue in cheek/

 
 
Comment by Anonymous
2017-01-30 11:13:24

IIRC, someone in the comments on this blog predicted no one would die of boredom the next few years. That’s proving to be an understatement, LOL!

Comment by MightyMike
2017-01-30 12:18:51

Supposedly when the Chinese wish bad luck for someone, they say, “May you live in interesting times.”

Comment by phony scandals
2017-01-30 17:52:40

Your assets are needed.

 
 
 
Comment by new attitude
2017-01-30 11:30:09

Mark Cuban is ripping Trump for his travel ban with not thinking it through.

Saudis still get in, bad guys just get a Saudi passport.

Neo-cons and their love of burning money.

Wall St reacts too.

 
Comment by new attitude
2017-01-30 11:42:01

Bush also signed, on Oct. 3, 2008, a bank bailout bill that authorized another $700 billion to avert a looming financial collapse (though not all of that would end up being spent in fiscal 2009, and Obama later signed a measure reducing total authorized bailout spending to $475 billion).

Comment by Rental Watch
2017-01-30 14:47:50

TARP had inflows as well as outflows. As of right now, there were more flows IN than OUT.

In other words, TARP didn’t add to the debt.

 
 
Comment by Housing Manager
2017-01-30 12:04:31

Canaan, CT Housing Prices Crater 16% YoY

https://www.zillow.com/canaan-ct/home-values/

 
Comment by aNYCdj
2017-01-30 12:27:51
Comment by Anonymous
2017-01-30 14:49:37

“Medallions in New York City traded at more than $1 million in 2014, but today’s prices are about half of that.”

Disruptive technology, indeed.

So who exactly is borrowing the money to buy the medallions? Individual cab drivers? Or taxi companies?

Comment by aNYCdj
2017-01-30 15:17:37

both mostly companies then you “rent” the medallion daily weekly monthly, using you car or lease their car…..

http://www.mynytaxi.com/taxi-cab-for-sale/#.WI-6E4UYJBo

$1100 wk lease

http://nycitycab.com/Business/cabsforsalelist.aspx

or green cabs

http://www.shlgreencab.com/green-cabs-for-rent

 
 
 
Comment by Danke Kraeder
2017-01-30 13:04:13

:mrgreen: DJT :mrgreen:

 
Comment by Bradman
2017-01-30 13:23:43

dow jones down 200 points today. is this the beginning of the end?

Comment by palmetto
2017-01-30 13:32:40

“We did it before and we’ll do it again, again, again.”

 
Comment by Anonymous
2017-01-30 14:54:15

Closed down 122.65 points, -.61%

 
 
Comment by junior_kai
2017-01-30 15:01:04

LOL, people see the images of dead bodies on the streets in Canada thanks to the (((religion of peace))) and at the same time hear the bleating from the libtards that diversity is strength and we need more mooslimes in this country. Even the dumbest people who are apolitical are seeing through these lies.

 
Comment by new attitude
 
Comment by Anonymous
2017-01-30 15:04:13

Just enjoyed my late lunch, delivered by UberEats. :mrgreen:

Will we see another flurry of EO’s from DJT tomorrow? Or after his Court smackdown will he temper his onslaught a bit? Maybe he needs an AG to review things, lol.

 
Comment by palmetto
2017-01-30 15:25:53

Wow, this is a doozie. Google fires the Podesta Group (Fat Tony’s lobbying organization) and hires none other than Eric Braverman (formerly of the Clinton Foundation) for, get this, conservative outreach. Seriously. I guess he’ll be calling on Milo Yiannopoulos.

http://www.zerohedge.com/news/2017-01-30/google-fires-podesta-lobbying-group-shortly-after-hiring-eric-braverman-coincidence

 
Comment by Housing Manager
2017-01-30 15:28:08

Hollywood, CA Housing Prices Crater 13% YoY

https://www.zillow.com/hollywood-los-angeles-ca/home-values/

 
Comment by Danke Kraeder
2017-01-30 16:21:31

Hey (up)Chuck Shoomer….. You’re gonna lose.

Comment by Blue Skye
2017-01-30 19:28:28

Snakes don’t cry real tears.

 
 
Comment by Albuquerquedan
Comment by phony scandals
2017-01-30 17:51:04

Mighty, new, scdave etc.

Your Peeps need your money, house and property.

Well they need it fuqing all because according to the young BLM lady with the microphone some of those people are working 40 hours.

So if you wouldn’t mind emptying your bank accounts, liquidating all of your assets and sending your reparations to Black Lives Matter it would be greatly appreciated.

“She also says, “White people, give your fucking money, your fucking house, your fucking property, we need it fucking all,” as another protester responds “reparations!”

Read more: http://dailycaller.com/2017/01/30/blm-anti-trump-protest-in-seattle-we-need-to-start-killing-people/#ixzz4XIKCTP2g

 
 
Comment by Raymond K Hessel
2017-01-30 16:41:34

Yellen the Felon will never raise interest rates of her own volition, despite the Fed’s incessant jawboning about supposedly pending rate hikes. Bilking savers and the prudent out of $500 billion a year in interest income and forcing them to seek returns in Wall Street’s rigged casino are rackets that are too lucrative to voluntarily relinquish.

http://www.marketwatch.com/story/fed-to-hold-interest-rates-while-congress-debates-stimulus-2017-01-30

Comment by rms
2017-01-31 01:12:02

“While financial markets love any form of monetary accommodation, there can be no mistaking its dark side. Asset prices are being manipulated across the board – stocks and bonds, long- and short-duration assets, as well as currencies. As a result, savers are being punished, the cost of capital is repressed, and reckless risk taking is being encouraged in an income-constrained climate.” —Stephen Roach, former Morgan Stanley chief economist

 
 
Comment by Housing Manager
2017-01-30 17:35:53

Riverside County, CA Rental Rates Crater 7% YoY

https://www.zillow.com/riverside-county-ca/home-values/

Comment by azdude
2017-01-30 18:26:45

my house equity is lookn ripe for the pickings!

Comment by rms
2017-01-31 01:24:14

Replace the missing furniture so you can heat the place next winter.

 
 
 
Comment by aNYCdj
 
Comment by Danke Kraeder
2017-01-30 19:20:30

You’re fired! :mrgreen:

Comment by butters
2017-01-30 19:49:51

You’re hired, DK!

 
Comment by phony scandals
2017-01-30 19:50:47

Ride Sally Ride

Comment by phony scandals
2017-01-30 20:02:13

Damned if I know what makes them go together so well but they do.

Mustang Sally by Wilson Pickett

https://www.youtube.com/watch?v=h1FRrZD2y9Y

 
 
 
Comment by drumminj
2017-02-08 20:31:48

test

 
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