February 2, 2017

The Slide Continues

A report from Philadelphia Magazine. “The three major apartment search engines all released their monthly rent surveys for February this week, and with one notable exception, they report that rents continued to rise from January to February. On Abodo.com, rents in Philadelphia posted the third-largest monthly drop of the 100 cities it surveys, with the median rent for a one-bedroom apartment falling 6.4 percent from $1,316 to $1,252. Only Pittsburgh, where rents dropped 6.7 percent, and Rochester, N.Y., where they fell 8.8 percent, outranked Philly.”

“At the national level, all three indexes showed rent increases tapering off after a year of significant growth, with rents nationwide even falling on Abodo. Apartment List attributes a lower overall rate of increase in 2016 to the production of a large number of new units this year; locally, this year also saw a significant increase in the supply of new apartments, but as most of those units have been at the upper end of the market, their effect on rents may have been more mixed.”

The Miami Herald in Florida. “It’s getting cheaper to rent an apartment in the Magic City. Rents have dipped 2.8 percent in the past year and 0.9 percent in the past month, according to a monthly report by Apartment List. In early January, Miami’s Downtown Development Authority reported that condo leasing prices also fell. In the third quarter of 2016, they went down to $2,590 — a 3.2 percent dip compared to the previous quarter.”

“Despite the decrease in rents, Miami is still among the priciest places to rent in the metro area. Although downtown Miami is a job center, it’s one of the country’s most expensive housing markets relative to salaries. According to an analysis from apartment search website RentCafé, renter households in Miami spend 48 percent of their income on housing, the second highest rate in the U.S.”

The New York Times on Texas. “As this city prepares to host Super Bowl 51 on Feb. 5, its leaders are eager to show off a makeover that has transformed the city since it last hosted the game more than a decade ago. The nation’s fourth-largest city, Houston is continuing to struggle with the aftershocks of a two-year economic downturn caused by a plunge in oil prices. Energy companies in Houston abruptly shifted from expansion to retrenchment, slashing more than 70,000 energy-related jobs while bowing out of planned projects, consolidating resources and dumping unneeded property.”

“Oil and gas companies based downtown or along the ‘Energy Corridor’ – a mileslong stretch of Interstate 10 west of downtown – scrambled to jettison excess space by vacating offices or by subleasing to other tenants at appealing rates. Single-family home building remains strong, real estate experts say, but a glut in office and apartment developments, largely a result of the boom-to-bust turnabout in energy, has raised fears of substantial cuts in construction jobs. A surplus of apartment units has created what real estate experts describe as a renter’s market, as landlords offer discounts and other concessions to lure tenants.”

From Silicon Beat in California. “As the new year begins, we’ve heard multiple reports about rents, which are said to be declining gradually throughout the Bay Area — a bit of relief, after years of painful increases that have left many tenants reeling. A new analysis from Zumper shows a more complicated picture. According to its National Rent Report for February, the slide continues in San Francisco, which Zumper identifies as the nation’s costliest rental market. There, a one-bedroom apartment goes for $3,310, down 1.2 percent month-over-month and down 5.4 percent year-over-year. Similar declines in price apply to a two-bedroom unit, which typically goes for $4,500 — down 0.2 percent month-over-month and down 4.9 percent from a year earlier.”

“‘Prices of the top rental markets,’ Zumper says, ‘for the most part, have plateaued or declined.’ Anecdotally, relative bargains are to be had these days for those who look hard enough.”

The Real Deal on New York. “Madison Realty Capital is moving to foreclose on Raphael Toledano’s six-story Chelsea rental building at 125 West 16th Street, believed to be the single-most valuable property in his holdings. Toledano’s Brookhill Properties acquired the 39-unit, 39,000-square-foot property for $41.5 million in 2015. At the time of the purchase, the firm secured $34 million in financing from Madison, including $29.8 million in immediate funds to buy the building. The remainder, to be provided at a later date, was allocated for proposed renovations.”

“Madison, in its capacity as the lender, filed the summons filed Monday in New York State Supreme Court, to initiate foreclosure proceedings over the building, which has $29.8 million loan. A source close to Toledano said he and his partners defaulted on the building as a result of a partnership dispute. Toledano’s partners wanted to sell it, but Toledano wanted to continue making renovations, sources said. Critics have said Toledano is overleveraged. Meanwhile, Toledano is looking to sell at least 13 of his buildings.”




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148 Comments »

Comment by Ben Jones
2017-02-02 13:10:38

‘Apartment markets continued to retreat in the January National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions. All four indexes of Market Tightness (25), Sales Volume (25), Equity Financing (33) and Debt Financing (14) remained below the breakeven level of 50 for the second quarter in a row.’

“Weaker conditions are evident across all sectors as the apartment industry adjusts to changing conditions,” said Mark Obrinsky, NMHC’s Senior Vice President of Research and Chief Economist. “Rising supply—particularly during a seasonally weak quarter—is causing rent growth to moderate in many markets. At the same time, the sharp rise in interest rates in recent months was a triple whammy for the industry. First, higher rates directly worsen debt financing conditions. Second, the associated rise in cap rates also put a crimp in sales of apartment properties. Third, higher cap rates following the long run-up in apartment prices caused greater caution among equity investors.”

 
Comment by Housing Manager
2017-02-02 13:12:42

San Francisco County, CA Rental Rates Crater 7% YoY

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

Comment by Jingle Male
2017-02-03 02:01:00

I see Blackstone took Invitation Homes public Feb. 1. They seem to be happy about it. INVH.

There are going be a few tasty crow dinners consumed this weekend. Who thought they’d ever make it this far?

Comment by oxide
2017-02-03 04:44:53

That crow is going to go rotten fast. Wait until the shareholder bottomless maw begins demanding more and more profit, things like 5% rent increases/year, cutting corners on maintenance, etc.

 
Comment by Danke Kraeder
2017-02-03 06:49:15

Distributing losses to shareholders is how it’s done.

Think about all these top tier cities where rental rates are falling fast.

 
 
 
Comment by Ben Jones
2017-02-02 13:20:47

‘Toledano’s Brookhill Properties acquired the 39-unit, 39,000-square-foot property for $41.5 million in 2015′

Jiminy crickets, that more than a million per box!

Comment by Jon
2017-02-02 13:37:34

These condos supposedly rent for $100/sqft or $100K per mo in Chelsea, NYC!

Comment by Danke Kraeder
2017-02-02 13:40:05

That’s why they’re all empty.

 
Comment by scdave
2017-02-02 13:58:53

$100./sqft is the yearly rate…Divide it by 12 to get to monthly rent…

Comment by NYchk
2017-02-02 14:32:13

Still too high, even for Chelsea.

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Comment by Jingle Male
2017-02-03 01:44:36

“Jiminy crickets, that more than a million per box!”

The foreclosing loan is $31 million, plus arrears, so the new value is about $750,000 per box.

 
 
Comment by Danke Kraeder
2017-02-02 13:31:00

“Reality Vs. The Recovery Narrative”

http://www.zerohedge.com/news/2017-02-02/reality-vs-recovery-narrative

Remember…. A ‘housing recovery’ is falling prices to dramatically lower and more affordable levels by definition.

Comment by azdude
2017-02-02 14:09:01

LMFAO

 
 
Comment by 2banana
2017-02-02 13:58:32

I am still not getting this refugee swap…?

Is it like collecting pokeman cards?

How Obama Booby-Trapped Trump
zerohedge - Feb 2, 2017

After doing virtually nothing to help underwater homeowners for 8 years, Obama acted to slightly reduce mortgage insurance payments.

But there’s a catch …

Obama made sure the program to reduce mortgage insurance wouldn’t start to happen until after Trump became president:

Then – when Trump said no to the program – the media trumpeted the fake news that Trump had killed an established and cherished Obama-era program.

Another example of Obama booby-trapping Trump is making the news today …

Specifically, Obama struck an agreement with the Prime Minister of Australia – days before presidential election – agreeing to swap refugees from Latin America held by the U.S. in exchange for Iranian and other refugees held by Australia.

CNN notes:

Under the arrangement, agreed by Obama and Turnbull in November within days of Trump’s election, Australia would transfer around 1,250 refugees currently held in offshore detention centers on the Pacific Island nation of Nauru and Papua New Guinea’s Manus Island to the US.

BBC reports:

In return, [Australia] greed to resettle refugees from Guatemala, Honduras and El Salvador.

Today, much of the mainstream press is denouncing Trump for speaking harshly to the Australian Prime Minister about the refugee deal.

But again, this was a deal arranged by Obama as he was on the way out of office, and when he would pay no price at all.

Comment by Blue Skye
2017-02-02 16:35:15

“detention centers on the Pacific Island nation of Nauru and Papua New Guinea’s Manus Island”

A tragic situation if what we read about it is mostly true.

The real tragedy is that these desperate refugees ever had to flee their blown up homes and their dead families after team Bush/Obama/Hillary along with helpful Australians brought on hundreds of thousands of deaths to further their goals of global domination.

Comment by MightyMike
2017-02-02 16:56:45

Many of those refugees are from Iran and Sri Lanka, which haven’t been bombed by Americans recently. Though, if you look into it, you can probably find some Western origins of their misery.

Comment by 2banana
2017-02-02 17:28:39

Always the west is at fault.

The obama foreign policy in a nutshell except when he is not personally droning American citizens

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Comment by MightyMike
2017-02-02 17:46:57

Facts are facts. The CIA overthrew a democratically elected government in Iran back in the 1950s. They installed the Shah, who was eventually overthrown by the Ayatollah and his people, who made life miserable for various minority groups.

 
Comment by 2banana
2017-02-02 17:56:37

Except these are muslim “refugees”

Nice try.

Thanks for playing.

And it’s still funny how not one muslim uber rich oil country has not taken one muslim refugee.

What do they know?

And wouldn’t the refugees like to go to a country where they wouldn’t be offended 24/7?

 
Comment by MightyMike
2017-02-02 18:57:51

The fact that some of them are Muslims is irrelevant.

 
Comment by MightyMike
2017-02-02 18:59:26

You write “Nice try” and “Thanks for playing” which such authority and no facts. Your self-confidence is fascinating.

 
 
Comment by Blue Skye
2017-02-02 17:35:17

What is driving people out of Sri Lanka?

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Comment by 2banana
2017-02-02 17:41:28

The dole in the west pays more than working in their birth country?

 
Comment by MightyMike
2017-02-02 17:44:35

There are two main ethnic groups and there was a civil war between them. The war ended and victorious group took over the government, I think that they took revenge on members of the ethnic group that lost the war.

 
Comment by butters
2017-02-02 19:43:40

Tamils can go back to India where they are originally from anyway.

That’s why I always say give CA, TX, NM, AZ back to Mekhiko.

 
Comment by Ben Jones
2017-02-02 19:54:18

Texas won its independence from Mexico by itself.

 
Comment by MightyMike
2017-02-02 21:00:58

When did they migrate to India? Was it 500 years ago?

 
Comment by Jingle Male
2017-02-03 02:05:10

Remember the Alamo? Oh wait, Mexico won that one…..lol. Remember the one after the Alamo, where the US soldiers fought harder by using the cry “Remember the Alamo!”??

 
Comment by Hi-Z
2017-02-03 09:40:04

“.. where the US soldiers fought harder by using the cry “Remember the Alamo!”??”

Those were not US soldiers; they were Texan soldiers.

 
Comment by Jingle Male
2017-02-03 16:43:05

The annexation of Texas as the 28th state of the United States, in 1845, led directly to the Mexican–American War.

 
 
 
 
 
Comment by junior_kai
2017-02-02 14:48:11

Housing is about to get a LOT cheaper, specifically in the following areas:
1) anywhere the elites live - they’re heading to other countries where the authorities arent likely to come after them for financial fraud and #pizzagate
2) anywhere illegals live, especially the criminals. Thats pretty much all over this country, poor areas (gangs), rich areas (drug and people smugglers), you name it.
3) anywhere H1-B visa holders live - I’m looking at you Clownifornia! Say goodbye to several hundred thousand of your bestest friends/labor slaves!
4) colleges. Those dorms are going to be emptied out of swarthy looking and foul smelling people that make the place look like the cantina scene from star wars. I’m not just talking about (2) and (3) types, but all the tattooed snowflakes who will melt away when uncle sam gets out of the student loan business and the colleges that gave you your worthless degrees find they will have a choice: use their BILLIONS in endowments to fund your brain washing, or - drop you like a hot potato. Watchu think they gonna do? Yeah, uncle sam can (like Australia and most countries in this regard) now restrict govt funding of student loans to degrees in fields deemed a vital need for citizens ONLY and the rest can go to the bank of Mom and Dad. You think they have the money?

Partys over people, find something to bite down on!

Comment by palmetto
2017-02-02 14:56:41

Wait’ll those federal funds get yanked. Double whammy with restrictions on foreign national students. Oh, dear, wha’ hoppen to all those tenured academics?

Whole lot of slidin’ goin’ on!

Comment by MightyMike
2017-02-02 15:47:55

If that comes to pass, there will be lots of people other than professors thrown out of work in college towns in states like Ohio and Pennsylvania. Many thousands will regret their Trump votes.

Comment by Blue Skye
2017-02-02 16:39:33

Miserable magical thinking?

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Comment by MightyMike
2017-02-02 16:58:16

It probably won’t happen in the first place. But college towns are college towns, the economies of the communities are heavily dependent on the big employer.

 
 
Comment by 2banana
2017-02-02 17:40:21

How many people in college towns do you think voted for Trump?

Here is a hint.

There is a college town in flames by their own students because a gay pro Trump speaker was on the agenda…

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Comment by MightyMike
2017-02-02 17:49:52

How many people in college towns do you think voted for Trump?

I have no idea, but doesn’t standard GOP theory suggest that people in the community would react by turning to the law and order candidate?

Also, Berkeley is not the kind of college town that I’m talking about. It’s a suburb in a big metropolitan area.

 
Comment by butters
2017-02-02 19:24:00

College towns vote democratic overwhelmingly.

 
Comment by Jingle Male
2017-02-03 01:55:25

“….How many people in college towns do you think voted for Trump?”

None. The typical Tw voter never got past 8th grade.

 
Comment by oxide
2017-02-03 07:27:35

Trump won the $50,000K+ voter demographic. I’m pretty sure you need an 8th grade education for that type of salary.

Instead of mocking Trump voters, try going after the 8th grade dropouts who stayed home for Hillary. They were the key factor in this election.

 
Comment by Danke Kraeder
2017-02-03 08:01:00

Even if they voted, it still would have been a Trump landslide victory.

 
 
 
Comment by oxide
2017-02-02 18:46:22

I predict that we’re going to see MORE foreign students at American colleges. Why? Because America just ran out of Millenials of college age. There aren’t enough youngsters to fill the seats, even if they went for free. Someone’s got to fill those seats.

Comment by butters
2017-02-02 19:22:56

Agree. Another thing is money. Foreigners pay…especially rich foreigners. The salary of college administrators, profs depend on more foreign students NOT less.

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Comment by In Colorado
2017-02-02 23:13:18

Oh dear, I thought we were starting to run out of “rich foreigners”

 
 
Comment by Jingle Male
2017-02-03 02:09:17

Foriegn students? You better tell Trump that is why a meaningful pragmatic, respectful immigration program is important. Who wants to enter the US with all the Trumpeter hassles?

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Comment by oxide
2017-02-03 07:35:33

I’m not saying that I agree with filling schools with foreign students. I’m saying that this is what the colleges will ask for, they will probably get their way.

 
 
 
 
Comment by NYchk
2017-02-02 15:06:21

Housing is about to get a LOT cheaper, specifically in the following areas:
1) anywhere the elites live
2) anywhere illegals live
3) anywhere H1-B visa holders live
4) colleges

Meanwhile, RE will soar to the sky in areas populated by the Make America White Again high school dropouts, such as:

5) trailer parks.

Comment by taxpayers
2017-02-02 16:12:15

Sounds racist,but that’s ok cause the race card expired

Comment by MightyMike
2017-02-02 19:10:21

Making fun of racists is racist? LOL

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Comment by junior_kai
2017-02-02 19:00:05

LOL! All the money they save not living in a “vibrant” city can be spent on better things like trucks, guns and other toys.

And they live rent free (next door to Putin, and down the street from Trump) in your pussy-hatted noggin, woohoo!

 
 
Comment by butters
2017-02-02 15:13:05

There will be more h1-b’s. There will be more L1’s.
There will be more OPTs.

Comment by palmetto
2017-02-02 15:30:43

Google is Fat Elvis:

http://takimag.com/article/google_as_fat_elvis/print#axzz4XZNgYm8n

Just cut to the last sentence, it’ll tell you all you need to know.

 
Comment by Hargert
2017-02-02 15:38:44

If the pay rate for h1-b visas go to 130k min a year I think you will find not as many coming in.

Comment by butters
2017-02-02 15:49:28

But it won’t. That’s what I am saying.

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Comment by @AltFacts
2017-02-02 18:54:24

“#pizzagate”

Whatcha smoking?

 
 
Comment by Housing Manager
2017-02-02 15:01:02

Cupertino, CA Rental Rates Crater 8% YoY

http://www.zillow.com/cupertino-ca/home-values/

 
Comment by NYchk
2017-02-02 15:31:58

Trump continues not to disappoint, easing sanctions on Russia’s KGB-successor, FSB.

When Obama introduced this particular piece of sanctions in response to Russian meddling in elections, they were hailed as THE most painful sanctions on Russia. They amounted to the prohibition of the U.S. exports of information technology into Russia, and would have crippled Russian companies who rely on American technology.

No more. Rejoice.

http://www.reuters.com/article/us-usa-cyber-russia-idUSKBN15H244

Meanwhile, “fighting in East Ukraine escalated in a dramatic fashion, and with clear signs of Kremlin support.

Russia is playing a long game in Ukraine and the deadly violence around Avdiivka is just part of what looks likely to be a significant increase in pressure over the coming months as the Kremlin tries to do as much damage as possible while there is little probability of any real response from the West.”

http://www.thedailybeast.com/articles/2017/02/02/rockets-fly-as-donetsk-returns-to-darkest-days-of-war.html

IMHO, more proof that Trump is a Russian asset.

Comment by Blue Skye
2017-02-02 16:49:07

The Kremlin did not interfere with the US election. If it finally is shown (so far nothing) that they helped bring the truth about corruption in the DNC to our attention, they helped the US election to be more informed about the Truth.

Some of us still think the truth is more important than slogans.

Comment by Rental Watch
2017-02-02 23:22:37

It’s one thing to try to influence an election by making sh*t up.

It’s another altogether to do so by revealing the truth.

Comment by NYchk
2017-02-03 07:54:44

It’s one thing to try to influence an election by making sh*t up.

It’s another altogether to do so by revealing the truth.

Not really, if you reveal the truth lopsidedly.

For example, if you reveal that one candidate is a petty thief, but conceal that the other candidate likes to rape little boys, you create a false reality in which the second candidate seems preferable to the first, while being the opposite.

Second, they didn’t just “reveal selectively”, they made sh*t up as well.

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Comment by Anonymous
2017-02-02 17:03:00

“Russia is playing a long game in Ukraine”

So what exactly, in your opinion, does Moscow stand to gain?

Comment by NYchk
2017-02-02 19:39:53

Moscow already gained. Power for Putin internally, power for Putin externally.

Putin said that the dissolution of the great and powerful Soviet Union into 15 smaller countries was “the greatest geo-political catastrophe of the 20th century”.

He also said that he has a right to “protect Russian-speaking people wherever they are located”, and that “the Russians are tragically divided throughout the world”.

He also said recently that “Russia has no borders”.

 
 
Comment by 2banana
2017-02-02 17:37:59

Continues to disappoint = not going to war with Russia

The warmonger democrat party is disappointed.

Too bad.

Not even obama was crazy enough to do that.

 
 
Comment by junior_kai
2017-02-02 19:02:17

Feel free to grab a gun, fly over there and fight the evil Vlad yourself. Aint no one gonna stop you. Just let us know when youve bought your ticket so we can stock up on popcorn.

Comment by NYchk
2017-02-02 19:32:28

That’s not my country anymore, and hasn’t been for a very long time. It saddens me to see Russia turned into a fascist kleptocratic cesspool, but only Russians can deal with Putin. I would leave them to their own devices.

What I want from us is CONTAINMENT. Starve the beast.

Stop cozying up to a KGB dictator who doesn’t conceal his nefarious plans for the Western democratic civilization. He seeks our destruction, I think we should not be so stupid, as to help him with that goal.

Comment by butters
2017-02-02 19:39:57

Amerikka is already what you blame Russia has turned into.

Maybe he seeks your destruction. After reading your idiocies last few weeks, can one blame Putin?

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Comment by Danke Kraeder
2017-02-02 19:49:13

:mrgreen:

 
Comment by NYchk
2017-02-02 20:26:16

“Amerikka is already what you blame Russia has turned into.”

No it isn’t. Not yet. I know, because I can compare first-hand.

 
Comment by Ben Jones
2017-02-02 20:33:08

When did you last live in Russia?

 
Comment by In Colorado
2017-02-02 23:19:26

When did you last live in Russia?

Methinks the bogeyman she is so afraid of went away when the wall fell down. Where is Russia’s expansionism today? I see a lot of Chinese influence peddling in the third world, but Russia? They used to be able to sell their third rate airliners, cars and machinery to their vassal states, but they don’t have any of those now. Heck, Russian airlines are flying Boeings and Airbuses, at least on their international routes.

 
Comment by NYchk
2017-02-03 07:57:48

When did you last live in Russia?

Last year.

 
Comment by NYchk
2017-02-03 08:53:01

Methinks the bogeyman she is so afraid of went away when the wall fell down. Where is Russia’s expansionism today?

You think wrong. I go to Russia often enough (sometimes several times a year), for weeks at a time, to get sick of their anti-West anti-American aggressive propaganda that is whipping up their population into a ready-to-cheer-war-hungry-for-expansion frenzy.

The state media are promoting war, war, war. They like to brag about their victories (in Ukraine and Syria), and to repeat Putin’s words how “Syria is a wonderful laboratory for testing and showing off our weapons”.

They talk about how Putin’s plan is to end American dominance, divide the world and get Russia the same place at the table as the Soviet Union - or greater. And how Putin is the “Great Gatherer of Lands”.

Even on a supposed “opposition” radio, the radio ads are done in the form of threatening revolutionary poetry (Mayakovsky-like) or with military marching band or warlike patriotic songs music.

It’s insane. The entire society is sick. All they talk about is their “great victory in the Great Patriotic War (WWII)”. They celebrate it as if it happened yesterday, not over 70 years ago.

They hold military parades of mothers with kids in strollers, where women and babies are dressed in military uniforms, sometimes in bloody bandages, and the strollers are made into tanks and nuclear rockets. They think it’s “patriotic”. I think it’s psychotic.

On people’s cars, there are large stickers “We Can Repeat It!”, picturing a schematic Russian solder raping a German one, or “Drive to Berlin, to get German women!”. (Given the historical context of what happened at the end of WWII, I find these aggressive “jokes” unacceptable.)

There are American-raping pictures as well, and of course “Obama is a *****” were very popular. For example, this sticker has both (raping a German in 1945 and raping an American in 2015), and it says “We can repeat it!” and “Love your friends in such as way so that your enemies will fear you.”:

http://9may1941-1945.ru/catalog/nadpisi/nakleyka_mozhem_povtorit_1945_god/

And it doesn’t stop with war remembrance frenzy or anti-americanism. They talk about their future victories in terms of military expansion (Crimea is ours, Alaska is ours, Kiev is ours, Berlin is ours, Europe is ours, etc..)

They dream about and expect American destruction soon. Their media is quite convinced that they won’t have to wait long. They make up “funny” songs (based on Russian folklore) about how America will burn in a revolution-like collapse. For example, my translation from Russian:

“It’s been four days that Alabama is burning,
Our native land is burning below our feet,
Do not be discouraged, Lieutenant Obama
Cornet Joseph Biden, pour the wine.

There’s an uprising in New York City,
While Rhode Island is burning,
Rebellious people are lynching the bankers,
Share a Coke, cornet Joe Biden!
Lieutenant Obama gimme a sandwich!

Jubilant cowboys around Utah
Are shooting their guns at Negros again,
Lieutenant Obama! Run away from there!
Why would you, lieutenant, want to die?

No one foresaw such a nightmare …
- Why so sad, my friend President?
- Because in our rooms - Commissars are seating!
And they are taking our girls into the Oval Office to…”

 
Comment by NYchk
2017-02-03 11:09:38

Here’s another example of Kremlin’s propaganda of expansionism.

This is a billboard that boasts “Today (we took) Crimea, tomorrow (we’ll take) Rome!”:

 
Comment by NYchk
2017-02-03 11:10:40

Here’s the link:

https://cdn-images-1.medium.com/max/800/1*FGIGFumjuDX-u1xUMwe0sg.jpeg

 
 
Comment by Blue Skye
2017-02-02 19:51:59

CONTAINMENT

The thing is that you are not to be believed. If you were a real tough Liberty or Death kind of gal, you wouldn’t piss on all the rednecks here. And you do, in every way at every opportunity. Something like disingenuous. Very much like that.

That was pretty complex, that thing about you hating whites. You’re a button pusher, nothing more. An emotional parasite.

You won’t be getting a spot at the trailer park. We don’t discriminate here except for real $hit attitudes.

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Comment by NYchk
2017-02-02 20:25:02

“That was pretty complex, that thing about you hating whites. “

Whaaat? I’m pissing on rednecks and hating whites now? :-)

Whatever. For the record, I object only to those rednecks who voted for Trump because of his hate-filled Nazi message, not despite it.

And I don’t discriminate between fascists: I don’t like intellectual ones just as much (if not more) as redneck ones.

I’m anti-fascist. Certainly not “anti-redneck”, and not “anti-white”.

I think the dark message of hate and oppression presents a huge threat to us all, to all of humanity, including those who currently support it.

 
Comment by Danke Kraeder
2017-02-02 20:37:16

Woman….. you’re hysterical now.

 
Comment by MightyMike
2017-02-02 21:04:03

Yeah, there’s nothing to indicate that she hates white people.

 
Comment by redmondjp
2017-02-02 22:25:34

What, exactly, was hate-filled about his message? He is a nationalist that believes in putting America’s interest first. Just like Putin does for his own country.

Allowing unchecked peoples from third-world countries in here including criminals and terrorists does no good for our country.

 
Comment by In Colorado
2017-02-02 23:25:29

The thing is that you are not to be believed. If you were a real tough Liberty or Death kind of gal, you wouldn’t piss on all the rednecks here.

Hear, hear! Natasha talks like a cultural Marxist, which is odd as she claims to despise the defunct Soviet Union.

 
Comment by NYchk
2017-02-03 08:55:43

You’re mistaken. Cultural Marxists would love rednecks filled with hate towards establishment.

 
 
Comment by oxide
2017-02-03 07:19:46

What I want from us is CONTAINMENT. Starve the beast.

With whose money, and whose soldiers, ma’am? Other countries have been making demands of the US for decades now, using the cloak of “generosity” and “tolerance” — or “growth” and “earnings” if you’re a banker — to drain America’s soldiers, technology, money, inventive talent, industry, jobs, and now spirit. We are falling apart and running on fumes of debt. The globalist cabal has targeted us, as any pack of wolves targets the weak animal of the herd. They are delighted to dribble out debt to keep us going… in exchange for more outsourcing, more floods of immigration, and more money and power for themselves.

It is the wrong time to ask America to ramp up the superpower sabre-rattling a la Reagan. Trump campaigned on modified isolationism to repair and rebuild, and he was elected on it. I suppose you could contact his administration to make your request, but you may not want to hold your breath.

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Comment by NYchk
2017-02-03 09:03:38

With whose money, and whose soldiers, ma’am?

Sanctions do not require soldiers or money. Treat Russia like North Korea, that’s all. Isolate it.

Don’t help the beast to become more powerful by sharing our technology with them, or lending them money.

While it sucks for unscrupulous not to be able “to sell the rope to a ruffian who plans to hang them with it” (as Lenin said they were bound to do, out of greed and shortsightedness), they’ll make do.

Find other markets to enrich yourselves, stop making a crazy nuclear armed gangster any stronger.

 
 
 
 
 
Comment by palmetto
2017-02-02 15:33:22

“According to an analysis from apartment search website RentCafé, renter households in Miami spend 48 percent of their income on housing, the second highest rate in the U.S.”

You gotta be kiddin’ me. Second highest rate in the US? Wut?

 
Comment by NYchk
2017-02-02 16:09:12

“President Donald Trump on Thursday vowed to free churches and other tax-exempt institutions of a 1954 U.S. law banning political activity, drawing fire from critics who accused him of rewarding his evangelical Christian supporters and turning houses of worship into political machines.”

http://www.reuters.com/article/us-usa-trump-religion-idUSKBN15H2M4

Ending separation of Church and State will not end well.

Comment by Anonymous
2017-02-02 16:57:13

What needs to be eliminated IMHO is the tax-exempt status of these organizations AKA religions. Then who cares if they’re involved in politics.

Comment by MightyMike
2017-02-02 17:00:37

Dream on

 
Comment by rms
2017-02-03 13:42:13

“Then who cares if they’re involved in politics.”

Until then… no taxes, no proselytizing.

 
 
Comment by somedewd
2017-02-02 17:12:13

You don’t understand what Jefferson meant by “separation of church and state”, nor do you understand what Madison meant when he put “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof…” into the first amendment of the constitution.

From the article:

“President Donald Trump and his allies in the religious right seek to turn America’s houses of worship into miniature political action committees,” said the group’s executive director, Barry Lynn.

Since when did everyone with religious leanings start voting republican? Morons continue to out themselves everyday in the US.

http://www.pewresearch.org/fact-tank/2016/11/09/how-the-faithful-voted-a-preliminary-2016-analysis/

Comment by Blue Skye
2017-02-02 17:34:09

Spot on, point by point.

 
Comment by MightyMike
2017-02-02 17:35:08

That Barry Lynn guy has been working on separation of church and state for decades. He’s no moron on the issue.

Comment by Danke Kraeder
2017-02-02 18:11:36

That’s why we’ve got you to lean on Meltdown.

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Comment by somedewd
2017-02-02 18:53:58

So, he’s lying/manipulating to push his agenda?

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Comment by MightyMike
2017-02-02 17:36:18

You’ll note that he didn’t he didn’t say miniature Republican political action committees.

 
Comment by MightyMike
2017-02-02 19:09:12

Since when did everyone with religious leanings start voting republican? Morons continue to out themselves everyday in the US.

The election was basically a 50/50 election. You Pew article shows that people who attend services weekly mostly voted for Trump and 2/3 of people who never go to church voted for Clinton.

Comment by Danke Kraeder
2017-02-02 19:51:31

She and you all lost so who cares.

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Comment by MightyMike
2017-02-02 21:02:58

non sequitir

 
Comment by Danke Kraeder
2017-02-03 06:44:17

Irrelevant

 
 
Comment by somedewd
2017-02-03 03:54:28

That didn’t answer my question. Truth is, Jews, hispanic Catholics, and non-christian faiths have leaned heavily democratic for decades. To accuse the president of proposing an end to the Johnson amendment as strictly a payback to evangelical christians reeks of desperation. The population has become less christian and more agnostic/atheistic/other faith. If trends of immigration continue, I’d expect democrats to fully embrace what trump is doing.

33% attend church weekly –> 56% Trump / 40% Clinton
16% attend monthly –> 49% Trump / 46% Clinton
29% attend “few” times –> 47% Trump / 48% Clinton
22% attend never –> Trump 31% / 62% Clinton

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Comment by NYchk
2017-02-02 19:48:29

You don’t understand what Jefferson meant by “separation of church and state”

And you don’t know that some countries have directly written into their Constitutions, that “Church shall be kept separate from the State”.

And you also obviously don’t know what happens to those countries when that separation is no longer enforced.

(Nothing good.)

Comment by Blue Skye
2017-02-02 20:20:20

The fact remains that

“You don’t understand what Jefferson meant by “separation of church and state”

You should learn our history if you pretend to be one of us.

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Comment by NYchk
2017-02-03 15:55:45

@Blue Skye - “You should learn our history if you pretend to be one of us.”

You are an ass. :-)

Given your subservience to Kremlin’s talking points, who is this “us” you’re referring to, I wonder?

In any case, I suspect I know more about history than you do, especially about fools repeating it.

 
 
Comment by redmondjp
2017-02-02 22:28:17

And guess what NYC? Guess who else doesn’t believe in the separation between church and state?

That’s right - those fine folks from Islamic countries, who believe overwhelmingly that the church IS the state.

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Comment by NYchk
2017-02-03 09:15:22

Guess who else doesn’t believe in the separation between church and state?

That’s right - those fine folks from Islamic countries

Exactly - so why would you ever want to end it?

There are so many real life examples of how horrible it is, when Church and State are not separate. It’s never a good idea to end that separation.

 
 
 
 
Comment by 2banana
2017-02-02 17:30:18

It’s funny how black churches always seem to get around this law…

 
 
Comment by Ben Jones
2017-02-02 16:41:45

Just came across this:

Court Finds Powerful Remedy Against Defaulting Condo Owners
New York Law Journal (registration)-Jan 31, 2017
A foreclosure action can be a lengthy and expensive process, during which time the … Court’s order ejecting the condominium unit owner from the apartment.

Comment by Blue Skye
2017-02-02 16:58:32

Will the 6,000 day delay still apply, or is that just for houses?

 
Comment by rms
2017-02-03 08:31:29

Those HOA common area management contracts are pretty durable even in liberal California. I watched a co-worker lose her place years ago. She was divorced and used to the courts siding with her, but that wasn’t true when the dues weren’t paid.

 
 
Comment by butters
2017-02-02 16:52:03

So Trump started killing people like Obama.

Meet the new boss…..

F U TRUMP! TBH I shouldn’t have had any hope in the war matters. The empire needs blood regardless who’s in charge.


U.S. Acknowledges Death Of Civilians In Yemen Raid

The U.S. military has acknowledged that civilians were killed in last weekend’s special operations raid in Yemen. Other questions continue to swirl, however, including whether American forces’ surprise was blown and whether their target was indeed an al-Qaida terrorist as they believed.

Comment by 2banana
2017-02-02 17:35:09

Wake us up when Trump topples a Libya in regime change or kills 400,000 in a Syria…

Or thousands killed by obama drones.

It’s so funny how progressives now are suddenly aghast at civilian casualties.

Pretty soon they are going to discover the homeless again too…

And Cindy Sheehan.

Comment by MightyMike
2017-02-02 17:51:38

Wake us up when Trump topples a Libya in regime change or kills 400,000 in a Syria…

He’s been in office less than two weeks. Give him time.

Comment by 2banana
2017-02-02 18:01:29

If only DJT had a Noble Peace Prize…

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Comment by butters
2017-02-02 19:25:14

DJT should be hanged. His first executive order should have been cancelling the raid in Yemen. What an idiot.

 
Comment by MightyMike
2017-02-02 21:05:50

He would brag about it a lot, that’s all.

 
 
 
 
Comment by butters
2017-02-02 19:32:20

I am agnostic but believe in Karma and Amerikka will pay for spilling blood of innocents almost everyday. As reverend Wright said:

The government gives them the drugs, builds bigger prisons, passes a three-strike law and then wants us to sing “God Bless America.” No, no, no, God d*mn America, that’s in the Bible for killing innocent people. God d*mn America for treating our citizens as less than human. God d*mn America for as long as she acts like she is God and she is supreme.

Comment by Panda Triste
2017-02-02 22:32:25

Keep stomping those little feet. Trump’s doing what he said he would do.

http://www.cnn.com/2015/12/02/politics/donald-trump-terrorists-families/

This kid’s not gonna be stamping her little feet anymore

http://www.cnn.com/2017/01/31/politics/yemen-raid-daughter-al-qaeda-leader/

She got duh midduh finguh and how!

 
Comment by In Colorado
2017-02-02 23:29:30

I am agnostic but believe in Karma

If the dance of the atoms is the only thing that is real, why would there be karma?

 
 
 
Comment by taxpayers
2017-02-02 16:56:30

What percentage of rental units turn over every year ?
I can believe mid level pricing would drop 9% ¡¡!!
Yikes

 
Comment by Danke Kraeder
2017-02-02 17:16:34

“Lake Forest Realtor Pleads Guilty To Federal Charges In Real Estate Scheme”

http://patch.com/california/lakeforest-ca/lake-forest-realtor-pleads-guilty-federal-charges-real-estate-scheme

 
 
Comment by 2banana
2017-02-02 17:49:03

Another obama land mine.

Crony capitalism at its finest.

—–

Government Buckles, Guarantees Buy-to-Rent Mortgage-Backed Securities for First Time Ever.
Wolf Street | 24 January 2017 | Wolf Richter

Invitation Homes, the 2012 buy-to-rent creature of private-equity firm Blackstone, and now owner of 48,431 single-family homes, thus the largest landlord of single-family homes in the US, accomplished another feat: it obtained government guarantees for $1 billion in rental-home mortgage backed securities.

The disclosure came in an amended S-11 filing with the SEC on Monday in preparation for Invitation Homes’ IPO. Invitation Homes bought these properties out of foreclosure and turned them into rental properties, concentrated in 12 urban areas. The IPO filing lists $9.7 billion in single-family properties and $7.7 billion in debt.
Some of this debt will be refinanced with the proceeds from the sale of the $1 billion of government-guaranteed rental-home mortgage backed securities.

The government agency that has agreed to guarantee the “timely payment of principal and interest” of these “Guaranteed Certificates,” as they’re called, is Fannie Mae, one of the government-sponsored entities (GSE) that has been bailed out and taken over by the government during the Financial Crisis.

This is the first time ever that a government-sponsored enterprise has guaranteed single-family rental-home mortgage-backed securities, issued by a huge corporate landlord. It’s an essential step forward in financializing rents: taxpayer backing for funding the biggest landlords.

 
Comment by azdude
2017-02-02 17:51:31

STAWKS AND HOMES HAVE MADE A LOT OF PEOPLE VERY RICH LATELY.

 
Comment by Apartment 401
2017-02-02 17:57:32

I like the scene in the Coen brothers film Inside Llewyn Davis where he looks up at the bathroom wall and the graffiti says “what are you doing?”

The Rolling Stones — Monkey Man:

https://www.youtube.com/watch?v=i3CIhGXnntM

Comment by phony scandals
2017-02-02 21:08:23

I used to love that song but when I hear it now all I can picture is Tim Kaine sitting behind Hillary laughing and clapping while she tries to cough up a lung as she chokes her way through a campaign speech.

Hillary Clinton Coughing Fit During Speech in Cleveland Ohio

https://www.youtube.com/watch?v=tXEjknBJF0g

 
 
Comment by Housing Manager
2017-02-02 18:06:32

Thousand Oaks, CA Housing Prices Crater 9% YoY

http://www.movoto.com/thousand-oaks-ca/market-trends/

 
Comment by Raymond K Hessel
2017-02-02 18:37:38

Yellen the Felon has no intention of raising interest rates and imploding the Fed’s asset bubbles and Ponzi markets.

http://www.cnbc.com/2017/02/02/the-fed-that-cried-wolf-rates-forecast-in-doubt.html

Comment by butters
2017-02-02 19:45:09

This beyotch needs to be canned. Where’s that idiot Trump on this?

Comment by Blue Skye
2017-02-02 19:53:57

I suspect she in not in charge…

 
Comment by In Colorado
2017-02-02 23:31:10

Does he have the authority to fire her? He can refuse to reappoint her when her term is up.

Comment by azdude
2017-02-03 05:11:27

90% of monetary policy is talk. B. bernake

Why would you constantly talk about something and never do it?

There has to be a reason.

How does a strong dollar impact carry trades and all the world debt denominated in dollars?

This central bank orgy has been worldwide. It is all intertwined.

A big part of the strong dollar is the weaker currencies such as the yen. This has kept a strong bid for treasuries.

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Comment by Danke Kraeder
2017-02-02 19:53:23

They’re already imploding as a result of collapsing demand.

Sit back and watch it crater….. then buy later for 75% less.

 
Comment by MightyMike
2017-02-02 21:07:49

Hasn’t she already raised rates?

 
 
Comment by Danke Kraeder
2017-02-02 20:04:26

Ya think? :mrgreen:

Conway: We’re Seeing ‘Hysterical’ Democratic Party ‘Unravel in Front of Our Eyes’

http://www.breitbart.com/video/2017/02/02/conway-were-seeing-hysterical-democratic-party-unravel-in-front-of-our-eyes/

 
 
Comment by phony scandals
2017-02-02 20:48:16

Wasn’t Ruth Bader Ginsburg was moving to New Zealand if Trump got elected?

God Defend New Zealand

https://www.youtube.com/watch?v=IFxr6PCrohg

‘Can she eat more kale?’ Hordes of liberals want reassurance RBG’s health is good

SFGate ^ | February 2, 2017 | Monica Hesse

On Tuesday evening, President Donald Trump nominated Neil Gorsuch for deceased Supreme Court Justice Antonin Scalia’s long-empty seat. On Wednesday morning, liberals woke up, did the math and realized it was time to be concerned about Ruth Bader Ginsburg’s fiber intake. Also bone density. Also exposure to airborne viruses (Madame Justice, what is your flu shot status?), and salmonella, and slippery ice, and also: Has anyone heard how scientists are coming along with a Zika vaccine?

http://www.freerepublic.com/focus/f-news/3520661/posts

Comment by Panda Triste
Comment by phony scandals
2017-02-03 07:07:54

washingtoncompost

Comment by Danke Kraeder
2017-02-03 07:54:52

Nice!😎

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Comment by Rental Watch
2017-02-02 23:30:10

For any who think Gorsuch is the devil incarnate, and think that all the liberal screaming about him has merit, I suggest you read the following two OPINION articles, rather than listen to the talking points from the politicians:

https://www.bloomberg.com/view/articles/2017-02-02/liberals-have-no-case-against-gorsuch

And, more importantly, coming from an attorney in the Obama administration:

https://www.nytimes.com/2017/01/31/opinion/why-liberals-should-back-neil-gorsuch.html?_r=0

 
Comment by 2banana
2017-02-03 05:18:15

And New Zealand has VERY tough immigration laws.

And ALL illegals are deported.

And you need a government ID to vote there.

Why would she want to move to such a white racist country when Mexico and Venezuela are so much closer?

 
 
Comment by MightyMike
2017-02-02 21:08:50

She’s calling people hysterical?

 
Comment by @AltFacts
2017-02-02 23:43:34

Did you see that Time cover shot of Steve Bannon? He looks like a psychopath.

Comment by NYchk
2017-02-03 09:17:31

No “looks like” about it. :-)

 
 
Comment by Raymond K Hessel
2017-02-03 02:44:06

With Yellen the Felon intent on printing away all government and Wall Street debts and liabilities, thus debasing the dollar into worthlessness, physical precious metals are a no-brainer.

https://www.bloomberg.com/news/articles/2017-02-02/gold-bulls-emboldened-as-fed-grapples-with-trump-uncertainty

 
Comment by phony scandals
2017-02-03 07:29:01

ANTIFA THREATENS YOUNG DAUGHTER OF PRO-TRUMP JOURNALIST

Violent leftists now targeting children

Paul Joseph Watson | Infowars.com - FEBRUARY 3, 2017

A member of the violent Antifa movement publicly threatened a pro-Trump journalist’s young daughter, vowing to target conservative commentators “and their kids”.

Cassandra Fairbanks, a reporter who formerly identified as a Bernie-supporting Democrat but later switched her allegiance to Trump, received the threat from a group identifying itself as the ‘Arizona Antifa Front’.

“Some of us know you very personally cass, and know just how afraid you can really get. Be careful doll, for ur duaghters sake,” the tweet read. The word ‘daughter’ was misspelled.

The individual deleted the tweet, but only after she was forced to do so by Twitter to regain access to her account.

However, in a subsequent tweet, the threat was re-stated.

“We’ll catch you another time cass, this isnt the last you’ve heard (or seen ;o ) of us honey.”

The account then sent out a threat to conservative commentators and Trump supporters that their children would be targeted too.

“u better believe we have no prblm threatening ur leaders and their kids. Watch ur back alt-reichers. No one’s off limits,” read another tweet.

Fairbanks also shared tweets she had received from another Antifa supporter who made vulgar threats against her daughter and hoped for her to be “hit by a car”.

 
Comment by phony scandals
2017-02-03 07:34:05

Antifa

Short for (militant) anti-fascists.

Middle-class champagne socialist/communist/anarchist white boys who don’t like nationalists or fascists. They consider themselves to be rebelling against the establishment, whilst upholding all of its ultra-politically correct views.

Antifa only dislike racism when its carried out by whites, and do not have the bottle to stand up against anti-white racism; leading to many people on the right to refer to them as ‘traitors’. I’d rather just call them morons.

Most are teenagers and university students who grow out of the fad when they start paying taxes.

Antifa is stupid.

#fascist #nazi #white boy #teenager #molotov

by scutterschoice February 10, 2012

http://www.urbandictionary.com/define.php?term=antifa

Comment by Raymond K Hessel
2017-02-03 08:13:15

MMA fighter Jake Shields intervened to defend a guy who was being attacked by a pack of antifa thugs while Berkley police stood by and did nothing.

http://www.breitbart.com/california/2017/02/02/exclusive-mma-fighter-jake-shields-saved-man-berkeley-violent-rioters/

 
 
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