U.S. Housing Prices Continue To Blast Off Into Outer Space

The news today is that housing prices continue to increase rapidly in the United States.  Supply is tight and the public seems to think that the prices will continue to fly into the sky with apparently limitless potential. The optimism, as one report notes, is very similar to what people were feeling in 2005 right before the housing market crashed back down to earth:

The level of optimism is edging closer to the 70% of adults in 2005 who said prices would continue rising. That, of course, was less than one year before the peak of the housing market bubble in early 2006, which was largely fueled by a wave of subprime lending. (Roughly one-quarter of respondents in both 2005 and 2018 said they believed house prices would remain the same.)

Fears of a 2008 housing crash though are tempered with data that screams, “But it’s different this time!”  For example, during the housing crises ten years ago, in Tampa Bay, Florida, 43% of homes were “seriously underwater,” with owners owing at least 25% more than the home’s value on their mortgage.  Today, 9.4% of homes with mortgages fall into the “seriously underwater” category.

On the other hand, in an interview with the Tampa Bay Times, Daren Blomquist, senior vice president of ATTOM Data Solutions, said that “evidence anecdotally is the return of subprime mortgages, which they are now calling ‘non-prime’ mortgages, and I think more companies are doing them.”  Blomquist also said that “On the grapevine, we’re hearing a little more about people interested in mortgage-backed securities. That’s one of the hallmarks that helped inflate the housing bubble last time around.”

Meanwhile, the Dallas, Texas, housing market, that has been burning hotter than the flames of hell in recent years, seems to be “leveling off.” According to Melissa Hailey, President of the Collin County Realtor’s Association, “We’re definitely still seeing buyers and sellers with lots of new listings on the market and lots of homes going under contract, but the prices are definitely holding more steady then they have been.”

Meanwhile in Laguna Beach, California, long-time locals seem to be growing disgruntled at how local housing prices have sky-rocketed into outer space.  Advertisers, who forget that some long-term residents bought before all the homes in the area became multi-million dollar cribs, send out ads that some residents are finding annoying.

One ad summed up the housing situation in Laguna Beach to a “T”.

“Original Greenwich Village artist loft for sale: 20-foot ceilings, north facing windows with a large entertainment area. $5,295,000.” Just like the situation in Laguna; there aren’t a lot of artist’s left, only expensive artistic housing selling at inflated prices based on a branding concept that no longer has any basis in reality.

The market on the lower end (“entry level”) continues to suffer from supply shortages and too many potential buyers.  On the luxury end of the market, things are very different.  In fact, New York’s most expensive listing (an $85 million penthouse) has been sitting on the market for five years.  The motivated seller has tried to sweeten the deal with three luxury cars and a yacht, but no dice.  Now the seller is throwing something else in: a free trip to outer space

“Someone not from New York can [move here and] have a New Yorker’s lifestyle and point of view,” Neiditch told the Post. “In a way, I’m offering my lifestyle.”

But local real estate professionals aren’t buying it, “People only pile up giveaways when they won’t reduce the price. It has never made a lot of sense to me,” an unnamed Manhattan broker said.  The Real Estate price boom appears to be the free trip to outer space people in all economic classes can experience.  Enjoy the ride.

 

 

 

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Roy Moore, the Republican senate candidate for Alabama is facing claims from four different women that he tried to have sex with them while they were underage and he was in his thirties. None of the women know each other, and all four came forward with the claims separately.

One woman, Leigh Corfman, recalled when she was 14 and Moore was 32, he invited her back to his house.  When he got her there, he took off her shirt and pants and removed his clothes.  He then fondled her over her bra and panties and put her hand on his penis over his underwear.

This is who the republicans are now running; a degenerate pedophile who routinely attempted to screw fourteen year old girls when he was in his thirties.  Who knows how many children this man has had sex with!

The funny thing is, Moore is a bible thumper who pretends to believe in the teachings of Jesus Christ.  Even sicker than Moore’s pathetic and degenerate conduct are the apologists out defending him.

Fox News stooge and Russian buttboi Sean Hannity said that it was ok that Moore tried to stick his dick in underaged girls because it was “consensual.”

Meanwhile, Alabama state auditor Jim Ziegler used Jesus, literally, to defend Moore the pedophile.  Ziegler said that it was ok that Moore tried to play hide the salami with little girls since Mother Mary was impregnated by God with Jesus Christ when she was a teenager.  These people are whacked out of their mind.

The Republican party is now apologizing for degenerate would-be child rapists.  The party of family values.

Trump’s Russian Oil Money

Inside the Steele Dossier, a document with a big list of claims about Trump (including one that he had hookers piss on him in bed in Moscow), there was one interesting claim about one of Trump’s key advisers and Russian oil money.  It went like this:

Igor Sechin, the CEO of Russia’s state oil company, offered former Trump ally Carter Page and his associates the brokerage of a 19% stake in the company in exchange for the lifting of US sanctions on Russia.

The sale eventually went through (with or without Page, we don’t know).  And while Trump’s stooge Page could deny that he received the 19% stake in the oil company, we know that Russia sold stake in Rosneft, with 19.5% going to someone.  But we don’t know who supplied the financing for the deal or who the purchasers were, and those facts are untraceable.  So was Carter Page one of the ultimate money-makers from the deal?  Was Trump?  Was a different Trump stooge?  Who knows.

More than a month after Russia announced one of its biggest privatizations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn’t possible to determine from public records the full identities of those who bought it.

What we do know is that Rex Tillerson, the former CEO of Exxon, is now secretary of state.  Something Carter Page was very excited about.  Tillerson’s Exxon also had a huge deal with Rosneft, probably worth hundreds of billions of dollars, but paused due to all the sanctions the U.S. slapped on Russia.   How long will those sanctions last?  Will they be lifted so Tillerson and/or Page can directly benefit?

Meanwhile, the Russians are rounding up and/or killing people that were associated with the Steele dossier:

Oleg Erovinkin, a former general in the KGB and its successor the FSB, was found dead in the back of his car in Moscow on Boxing Day in mysterious circumstances.

Erovinkin was a key aide to Igor Sechin, a former deputy prime minister and now head of Rosneft, the state-owned oil company, who is repeatedly named in the dossier.

As for that 19.5% stake in Rosneft, it was sold in December to a trading company called Glencore Plc and Qatar’s sovereign wealth fund, and likely split 50/50 between both.  Strangely, Glencore only contributed 300 million euro for its portion, and a Cayman Island firm, with unknown owners, is the owner of an unknown percentage of Glencore’s stake.

It’s as if the Russians are doing business with people who really don’t want the world to know who they are.

Wild Boars Destroying U.S. Ecosystems

Every American hunter loves a good boar hunt.   But apparently they are not so good for the environment or the wild places where we like to hunt them:

“Feral swine cause major damage to property, agriculture (crops and livestock), native species and ecosystems, and cultural and historic resources,” says Keirn. “This invasive species also threatens the health of people, wildlife, pets, and other domestic animals. As feral swine populations continue to expand across the country, these damages, costs, and risks will only keep rising.”

Time for a national pig hunt day?