Its a different world when a crane sits unused for a year. Two years ago, the second a rental payment was missed, that crane would have been shipped to Asia or the middle east.
Go just about anywhere in Mexico, and you'll see buildings abandoned in just about every state of completion, and sadly it looks like Mexico becomes us...
neil, there use to be a 2 year wait for tower cranes in 2007. we couldnt get them anywhere, general contractors started buying them outright cause there was less a delay to get a new one than going thru a rental company.... my how times have changed....
Juvenal Delinquent (profile) wrote on Mon, 6/22/2009 - 3:19 pm
Go just about anywhere in Mexico, and you'll see buildings abandoned in just about every state of completion, and sadly it looks like Mexico becomes us...
Translation for those in California:
Go just about anywhere in California, and you'll see buildings abandoned in just about every state of completion, and sadly it looks like we are becoming Mexico. This is not an unexpected result. For decades the Federal government has been actively enforcing a policy of not enforcing their Constitutional duty to defend the borders.
26 floors at say 100' x 100' = 260,000 sqft... the GC wants $85,000,000 thats $327 a square foot.... classic move... ask for $327 get $220/sqft and everyones happy.... well not everyone... LOL!
"Go just about anywhere in California, and you'll see buildings abandoned in just about every state of completion, "
Even in my small city of 55K: off the top of my head I can think of four that are dead in the water; one of them (4 story retail/apt.) got so far as to button up the thing and hang the tarps for the stucco work. And those tarps have been up for several months now. Another -- eight acres of live/work -- stopped as soon as they got the the infrastructure into the ground. Haven't seen a 'dozer since March.
Also several "ready-to-build" projects for sale: you get the land, the permits, the plans, everything. Wotta opportunity.
The ground was flattened, electricity and water are ready to go, and then the money ran out.~
To make matters worse, the city that charged the developer $50 grand per home-has already spent the expected mark-to-model $1.25 million on something stupid.
well guys, it does make sense to talk about the official unemployment ~ 10% for comparison purpose between the past and the present. It is true that total unemployment is much higher however the total unemployment in the past was much higher as well. I mean you can not compare apples and oranges for the sake of any meaningful discussion.
Just saying, no pun intended : )
p.s. I would love to see the total unemployment numbers adjusted for work force participation, part time employment, etc both today and 70+ years ago. Pretty sure there should be a research paper on this subject, somewhere... Anyone (Sorry for being lazy.)
A few high end private golf clubs in NJ have waived the initiation fees (>$100K). They are so desperate for $$$, they'll let you join for a season and just pay dues.
"well guys, it does make sense to talk about the official unemployment ~ 10% for comparison purpose between the past and the present."
it was my impression that the treatment of 'discouraged' workers was significantly changed in the 80s, along with quite a few other things in the headline definition... also my impression that quite a large number of folks are officially labeled as 'disabled' who would not have been treated as such 30 years ago.
Convert those semi finished and finished but empty CRE projects into housing. It would be nice to have some more real live/work spaces instead of all those faked overpriced faux lifestyle ones.
Say what you will but frankly, we don't have enough. Do you really think people prefer being renters or homeless? Forgive the debt and let them be occupied. I'd gladly pay the taxes on shelter I could afford.
"Convert those semi finished and finished but empty CRE projects into housing. It would be nice to have some more real live/work spaces instead of all those faked overpriced faux lifestyle ones."
I can think of whole blocks in this town that would be good for live-work as is. All you need to change is the zoning. Things get bad enough, the powers that be might be open to it.
"Convert those semi finished and finished but empty CRE projects into housing. It would be nice to have some more real live/work spaces instead of all those faked overpriced faux lifestyle ones. "
"ah, santa cruz, real estate developer's paradise - can we knock down ALL of the flats and put a hilton up? "
That's up to the Seaside Company; they own most of it. They've let it go to slum and so they'll have more justification to develop it someday their way -- when anti-development forces in the city are weak enough. Say what you like about the Seaside Company -- and I'll say a lot -- but they take the long view. Family-run operations are like that.
I wouldn't be surprised to see the Canfields float a plan for a ten-acre multi-story recreation complex and hotel and five story parking garage the moment they think the city is desperate enough to buy it.
da $$ quote "April 18, 2008 Construction Schedule – Even though construction has paused due to the current credit and real estate markets, the project is still on schedule. "
Do you really think people prefer being renters or homeless?
Yes, I prefer renting.
Especially when it saves me $100's of thousand. But mainly, I prefer to have someone else do all of the crap associated with ownership.
I think this is this the new meaning of 'shovel ready project' ie, ready for burial. But seriously you invest tens of millions and the best name that can be conjured up is the "shangri-la" hotel! Well it may be approiately located on Wanker Drive.
Not many smiths around anymore. If we were just starting to create last names now, I think there would be a preponerance of Bandos, Junkies, and Pretty Little Hookers.
Interesting. I never knew there was an Irvine Company kind of entity lurking under the surface there. But I would imagine the big enchilada is when the regents get desperate enough to sell some of that land.
JP, you and I are on the same page. I don't want to deal with a broken anything. Let the LL do it. The older I get the less I find I want to be responcible for on a day to day basis.
Secondly, how does the Chicago Architecture Foundation handle this on their tremendous river tour? I went on the tour in 2006 when this was just a hole in the ground, the tour guide begrudgingly gave notice to Trumps latest abomination....
Juvenal, your brain has some of the most interesting wiring I've encountered.
@Elvis: Funny you should mention that. Every time I get involved in public service, it's usually because
1. Someone close drafted me and I'm unable to say no, or
2. I can't stand to see things run so badly, so I figure it's less effort to take over than fume on the sidelines.
If completed, it might actually be uglier than it is now, since it would be three times as big and block out yet more views and sunlight. Best bet is to bring in a bunch of Russians and let them dismantle it for scrap. Theyve got lots of practice.
Every time I get involved in public service, it's usually because... I can't stand to see things run so badly, so I figure it's less effort to take over than fume on the sidelines.
Every time I have tilted at a windmill in my 46 years, it has ended badly. The windmill always wins.
CCN Money seems to be running a series of "Happy to Not be Working" type of stories.
Yesterday it was stop sending out resumes and read a book at the beach, Topday they have the top story "Why Im Glad I Was Laid Off".
They have got to be kidding. Talk about HAPPY PILLS. They want us all to know that being unemployed is a lark, nothing to worry about at all.
The building's first lease was announced on March 28, 2009, as a joint project between the Port Authority of New York and New Jersey and Vantone Industrial Co. based in Beijing, that will create a 190,810 sq ft (17,727 m2) "China Center", a business and cultural facility located between floors 64 and 69, that is said will represent business and cultural communities in China and serve as a hub for Chinese firms developing United States operations, as well as for US companies that wish to conduct business in China. The lease is for 20 years and 9 months.[25]
"The building's first lease was announced on March 28, 2009, as a joint project between the Port Authority of New York and New Jersey and Vantone Industrial Co. based in Beijing"
only thing I DONT prefer about being a renter is that I might move one day when I buy. Other than that it is a much better all around deal. And if I bought, whose to say I wouldnt move again anyway?
I rent houses, not apartments - no maintenance, no taxes, and if you are a responsible tenant and choose a good landord, you can actually do quite a bit of modifying of paint, etc, to suit. Especially if you can convince the landlord it is in their interest. And it can usually be done dirt cheap so who cares if you leave it behind?
If the neighborhood ends up sucking, or the neighbors, you can move in 30 days. The house is usually equivalent to what I would buy, and costs me about half as much. Plus, I dont get the negative appreciation.
Live small, dont hoard crap, pay a couple coins to move, its no big deal. So far, other than the respect you get from stupid folks who have been brainwashed by the american nightmare, Im not missing much. Now, I do know for some that the last item there is the most important. Just not for me.
"apparently, Brazil is going to be a wonder of growth in this newly decoupled economy."
I'm acquainted with some folks who made big money building/flipping/financing multimillion dollar houses in Los Angeles over the last few years. They're moving on to Panama/Brazil, etc. Apparently the RE markets there are hot! Whatever... :-/
I suggest that you fill it up with dirt You could grow mushrooms on
the inside and have a nifty hanging gardens out the windows. Flowering
vines, ivies, willows drooping out the windows.
Best bet is to bring in a bunch of Russians and let them dismantle it for scrap. Theyve got lots of practice.
True, but if there is one thing we are good at in US, it is blowing things up. Could go either way.
Since the building is stressed for many more stories, what they could do is install a big-ass water retention block up there, pump up the water via solar, windmills and at night when the rates are low, then run it down into basement generators. Might even be economically viable-ish.
I just spent a week in Chicago. The condo glut gets all the attention, but there is a huge amount of brand new infill all over the north side. Big buildings, duplexes, sfrs. Unbelieveable, and mostly empty.
"Every time I have tilted at a windmill in my 46 years, it has ended badly. The windmill always wins.
I hear you, but sometimes you have to go for the ride because it's the right thing to do."
I've been there and took my lumps. When times are comfortable, most people root for the windmill. They're warm and comfy, they don't want to know what's going on in the windmill's cellar.
Somebody here made a statement last week that resonated with me: let things get bad and stay in your chair UNTIL the "decent people" (self described) are as desperate as anyone else. Only then will a windmill-tilter get any help.
Thanks so much for this post, my day had been missing its usual surreal edge. Now I can hardly wait to take one of those architectural riverboat tours. Mike's close-up photo is good, but I wonder whether the one accompanying this article doesn't better convey just how f!0!ing prominent that site is.
Reminds me of the communal confession in the church I grew up in: "We have left undone those things which we ought to have done, and we have done those things which we ought not to have done …"
[Yeah, I also hope the Calatrava gets built one day I must admit. He has this wonderful soaring design for a transit center to sit on WTPlaza, which imho should have been the primary memorial for now, with maybe one distant day a new pair of towers to fill out the site.]
They're missing the big picture... I'm thinking Tourist Attraction have it added to the city guides etc. See a living dinosaur of the CRE bubble. Part of the post industrial, post consumer, post RE/CRE fueled economy.
OT Alert:
was walking down the High Street
When I heard footsteps behind me
And there was a little old man (Hello)
In scarlet and grey, shuffling away (laughter)
Well he trotted back to my house
And he sat beside the telly (Oaah..)
With his tiny hands on his tummy
Chuckling away, laughing all day (laughter)
Oh, I ought to report you to the Gnome office
(Gnome Office)
Yes
(Hahahahaha)
CHORUS
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you can't catch me"
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you can't catch me"
Said the laughing Gnome
Well I gave him roasted toadstools and a glass of dandelion wine (Burp, pardon)
Then I put him on a train to Eastbourne
Carried his bag and gave him a fag
(Haven't you got a light boy?)
"Here, where do you come from?"
(Gnome-man's land, hahihihi)
"Oh, really?"
In the morning when I woke up
He was sitting on the edge of my bed
With his brother whose name was Fred
He'd bought him along to sing me a song
Right, let's hear it
Here, what's that clicking noise?
(That's Fred, he's a "metrognome", haha)
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you don't catch me"
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you can't catch me"
(Own up, I'm a gnome, ain't I right, haha)
"Haven't you got an 'ome to go to?"
(No, we're gnomads)
"Didn't they teach you to get your hair cut at school?
you look like a rolling gnome."
(No, not at the London School of Ecognomics)
Now they're staying up the chimney
And we're living on caviar and honey (hooray!)
Cause they're earning me lots of money
Writing comedy prose for radio shows
It's the-er (what?)
It's the Gnome service of course
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you don't catch me"
Ha ha ha, oh, dear me
(Ha ha ha, hee hee hee
"I'm a laughing Gnome and you can't catch me"
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you can't catch me")
splat the tour guide actually specifically pointed it out and made a joke... The whole boat erupted in laughter.... My link above is actually him holding up the picture of the architectural rendering...
Or, perhaps Shiitakes:
In an experiment with human colon cancer cells, shiitake exhibited strong anti-cancer properties.[7][4] Immune system enhancement may not be the only possible anti-cancer mechanism of shiitake. An in vitro study revealed shittake could induce selective apoptosis in murine melanoma cells.[8] Extracts from shiitake mushrooms (such as ichtyol) have also been researched for many other immunological benefits, ranging from anti-viral properties to possible treatments for severe allergies, as well as arthritis.[9]
--from Wiki
Buying my first physical silver tomorrow, already invested in lead...
Hehehehehe, spray the outside with those oyster 'shrooms, and attach some
ladders, and their edible, and just let them grow out the walls and the poor
can eat 'em.
That giant sucking sound we hear means the process is still underway, and the "money" disappearing into yawning oblivion will out-pace any effort orchestrated by the Federal Reserve and the US Treasury to replace it with new "money" (or credit). Therefore there is no chance between heaven and hell that thepre-2008 suburban homesteading and shopping fiesta can ever come back. The American polity is tapped out in all sectors, personal, corporate, and public.
From Kunsler Today
I've successfully 'fruited' Oysters, shiitakes, chicken of the woods and turkey tails.
Self taught, with some help from Mr. Stamets' writings. Paul Stamets - Wikipedia, the free encyclopedia
The facade of this building is sitting in a warehouse near O'Hare. They ran out of cash before they could pay the supplier, who has a hold on it. Someone, eventually, is going to make a boatload of money on this building. Once the banks finish foreclosure and it gets put up for auction someone is going to buy for 10 cents on the dollar (like one of the articles said, it is worth less now than as an empty lot) or less, make a lowball offer to the supplier to grab the facade (it's worthless except as scrap if not used on this project) and will have a hotel and huge parking garage at a fraction of what it costs to build new.
It's going to be super ugly, but it will be profitable.
" Do you really think people prefer being renters"
Yes, in fact I do. I live on the west side of Manhattan, and all around me, prices are falling. In addition, property taxes, water, sewer, electricity charges are all headed up. And with disappearing jobs, and cratering tax revenues, I expect things might change. If they do, and it's unpleasant, I'm gone. Tomorrow.
Unlike those who live in the real estate they own...they are well and truly stuck...and fodder for the tax authorities.
Shamanism is a range of traditional beliefs and practices concerned with communication with the spirit world. A practitioner of shamanism is known as a shaman, pronounced /ˈʃɑːmən/, /ˈʃeɪmən/, (|ˈshämən; ˈshā-|) noun (pl. -man(s)).[2] There are many variations of shamanism throughout the world and several common beliefs are shared by all forms of shamanism. Shamans are intermediaries between the human and spirit worlds. According to believers, they can treat illness and are capable of entering supernatural realms to provide answers for human beings.[3]
Man that big pink pig should be slow cooked for my birthday.
Since I'm a Gnome; I'm supposed to give a gift to each of my friends for my birthday (which is a good idea; think about it)
Any ideas?
Consider this: Remember pictures of tent cities from the Great Depression? Hoovervilles ,I think they called them. At the real estate bottom of the "Great Recession" , whenever we get there, there should be no homeless as the Federal Government will effectively own massive amounts of housing stock and there will be overwhelming political pressure to house the homeless in the units via various Federal Programs.
The lower end of the market will be gutted as citizens will be encouraged to be classified as "homeless" and qualify for free housing and discouraged from buying homes in neighborhoods flooded with subsidized homes, condos, etc..
Moral hazard coming home to roost!
yay!
CRE eyesore? CRE eyesoar!
Its a different world when a crane sits unused for a year. Two years ago, the second a rental payment was missed, that crane would have been shipped to Asia or the middle east.
Got Popcorn?
Neil
Go just about anywhere in Mexico, and you'll see buildings abandoned in just about every state of completion, and sadly it looks like Mexico becomes us...
This is what it once was suppose to look like...
fugly building, even if finished. Cities should require an upfront reserve cash fund to demolish any unfunished CRE.
neil, there use to be a 2 year wait for tower cranes in 2007. we couldnt get them anywhere, general contractors started buying them outright cause there was less a delay to get a new one than going thru a rental company.... my how times have changed....
apparently, a substantial global fraction of them were in Shanghai alone. wouldn't be surprised if that was also true for Dubai.
Juvenal Delinquent (profile) wrote on Mon, 6/22/2009 - 3:19 pm
Go just about anywhere in Mexico, and you'll see buildings abandoned in just about every state of completion, and sadly it looks like Mexico becomes us...
Translation for those in California:
Go just about anywhere in California, and you'll see buildings abandoned in just about every state of completion, and sadly it looks like we are becoming Mexico. This is not an unexpected result. For decades the Federal government has been actively enforcing a policy of not enforcing their Constitutional duty to defend the borders.
Donald Trump downgraded to WWF.
Sign of a bottom when he's on American Cannibal.
I haven't been pigged in days. I'm starting to think I've developed a sixth sense.
ESPig
26 floors at say 100' x 100' = 260,000 sqft... the GC wants $85,000,000 thats $327 a square foot.... classic move... ask for $327 get $220/sqft and everyones happy.... well not everyone... LOL!
Go just about anywhere in Mexico, and you'll see buildings abandoned in just about every state of completion
In Mexico and many Latin American nations, you pay no property taxes while your house is "under construction"
"Go just about anywhere in California, and you'll see buildings abandoned in just about every state of completion, "
Even in my small city of 55K: off the top of my head I can think of four that are dead in the water; one of them (4 story retail/apt.) got so far as to button up the thing and hang the tarps for the stucco work. And those tarps have been up for several months now. Another -- eight acres of live/work -- stopped as soon as they got the the infrastructure into the ground. Haven't seen a 'dozer since March.
Also several "ready-to-build" projects for sale: you get the land, the permits, the plans, everything. Wotta opportunity.
Unfinished buildings aren't preferred by bandos.
Also several "ready-to-build" projects for sale: you get the land, the permits, the plans, everything. Wotta opportunity.
Shovel ready!
They don't print money, they print debt.
My favorite abandonment is the 25-pak of homes...
The ground was flattened, electricity and water are ready to go, and then the money ran out.~
To make matters worse, the city that charged the developer $50 grand per home-has already spent the expected mark-to-model $1.25 million on something stupid.
well guys, it does make sense to talk about the official unemployment ~ 10% for comparison purpose between the past and the present. It is true that total unemployment is much higher however the total unemployment in the past was much higher as well. I mean you can not compare apples and oranges for the sake of any meaningful discussion.
Just saying, no pun intended : )
p.s. I would love to see the total unemployment numbers adjusted for work force participation, part time employment, etc both today and 70+ years ago. Pretty sure there should be a research paper on this subject, somewhere... Anyone (Sorry for being lazy.)
Closing on my house sale in the Chicago far-western burbs next week.
Hang on 'til then, Mr. Economy!
A few high end private golf clubs in NJ have waived the initiation fees (>$100K). They are so desperate for $$$, they'll let you join for a season and just pay dues.
Golf clubs are so bull market.
The good thing about golf clubs is they can come in handy when robbing a liquor store.
"well guys, it does make sense to talk about the official unemployment ~ 10% for comparison purpose between the past and the present."
it was my impression that the treatment of 'discouraged' workers was significantly changed in the 80s, along with quite a few other things in the headline definition... also my impression that quite a large number of folks are officially labeled as 'disabled' who would not have been treated as such 30 years ago.
don't forget about the Chicago Spire project, which was supposed to be tallest residential building in the world.
Chicago Spire - Wikipedia, the free encyclopedia
It is apparently now a 110 foot hole in the ground that is breeding mosquitoes
Mosquito breeding-ground warning signs -- chicagotribune.com
Bling had it's day, but we're here, we're austere-get used to it.
Convert those semi finished and finished but empty CRE projects into housing. It would be nice to have some more real live/work spaces instead of all those faked overpriced faux lifestyle ones.
It'd be debt easy to defenestrate your right to partake in that building, no pane at all.
Santiago C is one of my favorites! Very cool buildings and bridges.....
"Convert those semi finished and finished but empty CRE projects into housing."
Just what we need. More housing. Might as well build some more cars while we are at it.
Might as well build some more cars while we are at it.
Well, they could put some tanning salons and pizza places in there too. Chicago people need lots of those.
Elvis,
Say what you will but frankly, we don't have enough. Do you really think people prefer being renters or homeless? Forgive the debt and let them be occupied. I'd gladly pay the taxes on shelter I could afford.
"Convert those semi finished and finished but empty CRE projects into housing."
Couldn't we turn them into a mall?
defenestrate is a mighty fine word, just kind of hard to work into a conversation
I see possibilities for a cagey dog polisher on the 13th floor,
"Do you really think people prefer being renters or homeless?"
No they prefer being bandos. Preferably with cable.
we're here, we're austere-get used to it.
JD ---and this is Frayed Pride Month
That looks like a totally awesome paintball arena...
Kuntsler today :
A Snake Eating Its Own Tail
A Snake Eating Its Own Tail - Clusterfuck Nation
nails it ....
"Convert those semi finished and finished but empty CRE projects into housing. It would be nice to have some more real live/work spaces instead of all those faked overpriced faux lifestyle ones."
I can think of whole blocks in this town that would be good for live-work as is. All you need to change is the zoning. Things get bad enough, the powers that be might be open to it.
"I'd gladly pay the taxes on shelter I could afford."
time to be bullish on rising property taxes
ah, santa cruz, real estate developer's paradise - can we knock down ALL of the flats and put a hilton up?
Whats wrong with being a renter.... Dios mio the stigma some people attach to it.....
"Whats wrong with being a renter"
~~~~~
Maybe they meant rentier ...
"Convert those semi finished and finished but empty CRE projects into housing. It would be nice to have some more real live/work spaces instead of all those faked overpriced faux lifestyle ones. "
Sounds good, however who will pay for those?
Renting is good unless you can live rent free in an abandoned home. If you are homeless right now, you just aren't trying.
Pigged Comment from Last Thread:
Did you know that "EXHTRATE" unscrambled is "EXTR HATE" ?
Coincidence....?
"ah, santa cruz, real estate developer's paradise - can we knock down ALL of the flats and put a hilton up? "
That's up to the Seaside Company; they own most of it. They've let it go to slum and so they'll have more justification to develop it someday their way -- when anti-development forces in the city are weak enough. Say what you like about the Seaside Company -- and I'll say a lot -- but they take the long view. Family-run operations are like that.
I wouldn't be surprised to see the Canfields float a plan for a ten-acre multi-story recreation complex and hotel and five story parking garage the moment they think the city is desperate enough to buy it.
More good wordsmithing... excellent!
Ok, since we're talking busted CRE, this one is my personal favorite:
Home | Chateau Heavenly Village
da $$ quote "April 18, 2008 Construction Schedule – Even though construction has paused due to the current credit and real estate markets, the project is still on schedule. "
And some up ta date (well, Dec 07) pix:
Site Cam | Chateau Heavenly Village
Do you really think people prefer being renters or homeless?
Yes, I prefer renting.
Especially when it saves me $100's of thousand. But mainly, I prefer to have someone else do all of the crap associated with ownership.
I think this is this the new meaning of 'shovel ready project' ie, ready for burial. But seriously you invest tens of millions and the best name that can be conjured up is the "shangri-la" hotel! Well it may be approiately located on Wanker Drive.
Not many smiths around anymore. If we were just starting to create last names now, I think there would be a preponerance of Bandos, Junkies, and Pretty Little Hookers.
Amen brotha....
Interesting. I never knew there was an Irvine Company kind of entity lurking under the surface there. But I would imagine the big enchilada is when the regents get desperate enough to sell some of that land.
JP, you and I are on the same page. I don't want to deal with a broken anything. Let the LL do it. The older I get the less I find I want to be responcible for on a day to day basis.
Renting is good unless you can live rent free in an abandoned home.
It's better if it's an occupied home.
Free utilities and food!
Sorry folks ...
as Kunstler would say ...
" The credit fiesta is over. "
It's better if it's an occupied home.
Free utilities and food!
Your social skills are obviously much better than mine.
"Hovel-Ready"
"I don't want to deal with a broken anything."
Don't run for office then.
Your social skills are obviously much better than mine.
No, just my lock-picking skills.
Mies Van der Rohe...where are you?
Secondly, how does the Chicago Architecture Foundation handle this on their tremendous river tour? I went on the tour in 2006 when this was just a hole in the ground, the tour guide begrudgingly gave notice to Trumps latest abomination....
Burnham must be laughing in his grave
CAF Tours
"It's better if it's an occupied home."
Maybe you should consider living at Hooters.
Free beer then too.
The financial cliff divers jump from the 26 stories up in Achicagopulco
Juvenal, your brain has some of the most interesting wiring I've encountered.
@Elvis: Funny you should mention that. Every time I get involved in public service, it's usually because
1. Someone close drafted me and I'm unable to say no, or
2. I can't stand to see things run so badly, so I figure it's less effort to take over than fume on the sidelines.
Major cities are soon going to be falling apart ...
Cities used to be the market places for clothes, food ... cars ...
Now all they are are great wastelands of unneeded office space ...
As the economy nose dives once again the cities will be withdrawing into their
residential neighborhoods as the downtowns succumb to their irrelevance ...
If completed, it might actually be uglier than it is now, since it would be three times as big and block out yet more views and sunlight. Best bet is to bring in a bunch of Russians and let them dismantle it for scrap. Theyve got lots of practice.
Must go work the late shift at Stuckeys.
"Achicagopulco" ... priceless
Every time I get involved in public service, it's usually because... I can't stand to see things run so badly, so I figure it's less effort to take over than fume on the sidelines.
Every time I have tilted at a windmill in my 46 years, it has ended badly. The windmill always wins.
Do you really think people prefer being renters
As long as the price of the house I want to buy is falling more each month than my rent, I prefer to rent, yes
Will the "Twin Towers" ever be rebuilt ?
A nice memorial plaza would suffice ...
"As the economy nose dives once again the cities will be withdrawing into their
residential neighborhoods as the downtowns succumb to their irrelevance ... "
been sayin dat for two year now, we're all local now
CCN Money seems to be running a series of "Happy to Not be Working" type of stories.
Yesterday it was stop sending out resumes and read a book at the beach, Topday they have the top story "Why Im Glad I Was Laid Off".
They have got to be kidding. Talk about HAPPY PILLS. They want us all to know that being unemployed is a lark, nothing to worry about at all.
OT: This hurts my head.
Citi looks to emerging markets to drive recovery
Apparently, Brazil is going to be a wonder of growth in this newly decoupled economy.
josap
The "Chem Trails aren't working " ... lol !
Every time I have tilted at a windmill in my 46 years, it has ended badly. The windmill always wins.
I hear you, but sometimes you have to go for the ride because it's the right thing to do.
kudos for "hovel ready"
mmckinl (profile) wrote on Mon, 6/22/2009 - 4:11 pm
*
Will the "Twin Towers" ever be rebuilt ?
A nice memorial plaza would suffice ...
Called One World Trade Center now
1 World Trade Center - Wikipedia, the free encyclopedia
The building's first lease was announced on March 28, 2009, as a joint project between the Port Authority of New York and New Jersey and Vantone Industrial Co. based in Beijing, that will create a 190,810 sq ft (17,727 m2) "China Center", a business and cultural facility located between floors 64 and 69, that is said will represent business and cultural communities in China and serve as a hub for Chinese firms developing United States operations, as well as for US companies that wish to conduct business in China. The lease is for 20 years and 9 months.[25]
Résumé is a funny word, you hope to resume working by showing them your résumé.
HomeGnome
"The building's first lease was announced on March 28, 2009, as a joint project between the Port Authority of New York and New Jersey and Vantone Industrial Co. based in Beijing"
~~~~
How many stories have they built so far ?
That Heavenly Chateau thing is certainly an enticing forest of
support columns; we all wanna live there ummmm, hummm.
only thing I DONT prefer about being a renter is that I might move one day when I buy. Other than that it is a much better all around deal. And if I bought, whose to say I wouldnt move again anyway?
I rent houses, not apartments - no maintenance, no taxes, and if you are a responsible tenant and choose a good landord, you can actually do quite a bit of modifying of paint, etc, to suit. Especially if you can convince the landlord it is in their interest. And it can usually be done dirt cheap so who cares if you leave it behind?
If the neighborhood ends up sucking, or the neighbors, you can move in 30 days. The house is usually equivalent to what I would buy, and costs me about half as much. Plus, I dont get the negative appreciation.
Live small, dont hoard crap, pay a couple coins to move, its no big deal. So far, other than the respect you get from stupid folks who have been brainwashed by the american nightmare, Im not missing much. Now, I do know for some that the last item there is the most important. Just not for me.
josap: broward will run a meme on happy + laid off
Keep drinking the Kool Ade people, nothing to see here, move along, read a graphic novel, nothing too heavy...
I remember the 'Intel building' in downtown Austin, again, right on the river. It took a couple years before it was completely demo'd.
Photos from the Intel shell implosion | That Other Paper
Victim of the dot-com bubble...
Americans eat their Jung.
How many stories have they built so far ?
Not very many, apparently.
Going much slower than the first time:
Constructed 1 WTC: 1966–1972
2 WTC: 1966–1973
if you click that arrow fast enough, it's like you are actually there watching the implosion. How fun! (and no poisonous dust - idiots)
winstongator - great find... thanks for posting that....
Chicago! Chicago! That toppling town.....
"apparently, Brazil is going to be a wonder of growth in this newly decoupled economy."
I'm acquainted with some folks who made big money building/flipping/financing multimillion dollar houses in Los Angeles over the last few years. They're moving on to Panama/Brazil, etc. Apparently the RE markets there are hot! Whatever... :-/
Victim of the dot-com bubble...
nah, INTC poached all they could from Moto's SDC . . .
Intel "Predatory" in Recruiting, Suit Says : Motorola petition details "corporate raid" on its chip designers | Electronic News | Find Articles at BNET
I suggest that you fill it up with dirt You could grow mushrooms on
the inside and have a nifty hanging gardens out the windows. Flowering
vines, ivies, willows drooping out the windows.
Best bet is to bring in a bunch of Russians and let them dismantle it for scrap. Theyve got lots of practice.
True, but if there is one thing we are good at in US, it is blowing things up. Could go either way.
Since the building is stressed for many more stories, what they could do is install a big-ass water retention block up there, pump up the water via solar, windmills and at night when the rates are low, then run it down into basement generators. Might even be economically viable-ish.
"Ghostscraper"
I just spent a week in Chicago. The condo glut gets all the attention, but there is a huge amount of brand new infill all over the north side. Big buildings, duplexes, sfrs. Unbelieveable, and mostly empty.
Comrade Troyski: makes as much sense as some other proposals by this administration
HomeGnome,
So what you're telling us is that the WTC was a monument to the last great inflationary bubble...
"Every time I have tilted at a windmill in my 46 years, it has ended badly. The windmill always wins.
I hear you, but sometimes you have to go for the ride because it's the right thing to do."
I've been there and took my lumps. When times are comfortable, most people root for the windmill. They're warm and comfy, they don't want to know what's going on in the windmill's cellar.
Somebody here made a statement last week that resonated with me: let things get bad and stay in your chair UNTIL the "decent people" (self described) are as desperate as anyone else. Only then will a windmill-tilter get any help.
Thanks so much for this post, my day had been missing its usual surreal edge. Now I can hardly wait to take one of those architectural riverboat tours. Mike's close-up photo is good, but I wonder whether the one accompanying this article doesn't better convey just how f!0!ing prominent that site is.
Reminds me of the communal confession in the church I grew up in: "We have left undone those things which we ought to have done, and we have done those things which we ought not to have done …"
[Yeah, I also hope the Calatrava gets built one day I must admit. He has this wonderful soaring design for a transit center to sit on WTPlaza, which imho should have been the primary memorial for now, with maybe one distant day a new pair of towers to fill out the site.]
HomeGnome
How many stories have they built so far ?
Not very many, apparently.
~~~~
Just saw the pictures ... they haven't finished the basement !
This project has No economic viability whatsoever ... By next year it will be
altered or completely stopped ... They'll say something like " It should be a memorial to the fallen of 9/11"
They're missing the big picture... I'm thinking Tourist Attraction have it added to the city guides etc. See a living dinosaur of the CRE bubble. Part of the post industrial, post consumer, post RE/CRE fueled economy.
OT Alert:
was walking down the High Street
When I heard footsteps behind me
And there was a little old man (Hello)
In scarlet and grey, shuffling away (laughter)
Well he trotted back to my house
And he sat beside the telly (Oaah..)
With his tiny hands on his tummy
Chuckling away, laughing all day (laughter)
Oh, I ought to report you to the Gnome office
(Gnome Office)
Yes
(Hahahahaha)
CHORUS
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you can't catch me"
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you can't catch me"
Said the laughing Gnome
Well I gave him roasted toadstools and a glass of dandelion wine (Burp, pardon)
Then I put him on a train to Eastbourne
Carried his bag and gave him a fag
(Haven't you got a light boy?)
"Here, where do you come from?"
(Gnome-man's land, hahihihi)
"Oh, really?"
In the morning when I woke up
He was sitting on the edge of my bed
With his brother whose name was Fred
He'd bought him along to sing me a song
Right, let's hear it
Here, what's that clicking noise?
(That's Fred, he's a "metrognome", haha)
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you don't catch me"
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you can't catch me"
(Own up, I'm a gnome, ain't I right, haha)
"Haven't you got an 'ome to go to?"
(No, we're gnomads)
"Didn't they teach you to get your hair cut at school?
you look like a rolling gnome."
(No, not at the London School of Ecognomics)
Now they're staying up the chimney
And we're living on caviar and honey (hooray!)
Cause they're earning me lots of money
Writing comedy prose for radio shows
It's the-er (what?)
It's the Gnome service of course
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you don't catch me"
Ha ha ha, oh, dear me
(Ha ha ha, hee hee hee
"I'm a laughing Gnome and you can't catch me"
Ha ha ha, hee hee hee
"I'm a laughing Gnome and you can't catch me")
Ecognomics....Thank you, Mr. Bowie.
splat the tour guide actually specifically pointed it out and made a joke... The whole boat erupted in laughter.... My link above is actually him holding up the picture of the architectural rendering...
liz: how'd the closing go?
didja have to get yer bitch on?
read 'em chapter and verse?
I like my dirt idea better.
Juvie and Elvis should have a quip off.
Quip pro quo
Tomorrow I supervise movers. The closing is Wednesday
at 10. Blogging from Baltimore!!! I doubt I will every come here
again.
I know they want to buy, 'cause some of their mail is in the box,
and Balto Gas & Electric has them starting service on the 24th.
@ Liz,
I suggest that you fill it up with dirt You could grow mushrooms on
Mushrooms don't grow on/in dirt.
Dung, wheat straw, horse/cow manure, wood... sure; but not dirt.
Now you might use a casing layer.
Find out more, my little mycologist:
Fungi Perfecti: the finest mushroom products for home and garden, farm and forest, people and planet
And Juv is outta the corner with a quick jab...
Ok, dung. Dung in the dark, dirt on the outside.
Even better symbolism.
liz: mail already, sounds like you got 'em where you want 'em
so she's the seller, well all's well that ends and all that
What about making it a casino..... It was save people the flight to Vegas they arent making now a days.... Hummm maybe that idea sucks too....
liz: Baltimore let me down, they got no Gwaltney
We could always SporeBomb all these empty, half built dwellings with Oyster Mushrooms:
Oyster mushroom - Wikipedia, the free encyclopedia
These fungi will grow on just about anything...
Thanks for asking Volker.
you could have slots amongst the dung.
Then the people wouldn't even have to leave their seats.
Yuck. Forget I said that.
Mushroom Throat spray, yum, yum.
This Ballamer computer is sure slow.
Or, perhaps Shiitakes:
In an experiment with human colon cancer cells, shiitake exhibited strong anti-cancer properties.[7][4] Immune system enhancement may not be the only possible anti-cancer mechanism of shiitake. An in vitro study revealed shittake could induce selective apoptosis in murine melanoma cells.[8] Extracts from shiitake mushrooms (such as ichtyol) have also been researched for many other immunological benefits, ranging from anti-viral properties to possible treatments for severe allergies, as well as arthritis.[9]
--from Wiki
Buying my first physical silver tomorrow, already invested in lead...
If homeless folks took over the building, you could call it "Gambolers Anonymous "
I struck a nerve with the Gnomester.
Hehehehehe, spray the outside with those oyster 'shrooms, and attach some
ladders, and their edible, and just let them grow out the walls and the poor
can eat 'em.
Let them eat mushrooms!!!!!
No response from Elvis!!
Keep the mushroom info coming, Gnome.
Take that tech-nerds!
That giant sucking sound we hear means the process is still underway, and the "money" disappearing into yawning oblivion will out-pace any effort orchestrated by the Federal Reserve and the US Treasury to replace it with new "money" (or credit). Therefore there is no chance between heaven and hell that thepre-2008 suburban homesteading and shopping fiesta can ever come back. The American polity is tapped out in all sectors, personal, corporate, and public.
From Kunsler Today
I've successfully 'fruited' Oysters, shiitakes, chicken of the woods and turkey tails.
Self taught, with some help from Mr. Stamets' writings.
Paul Stamets - Wikipedia, the free encyclopedia
Instead of Real Financial Reform, Obama’s Plan capitulates to Wall Street
by Prof. Michael Hudson
Unemployment crisis grips US states
- by Tom Eley - 2009-06-22
U.S.- Canada Border Security and Military Integration
- by Dana Gabriel - 2009-06-22
GlobalResearch.ca - Centre for Research on Globalization If you are in need of more doom than CR provides you can get a fix at this site. A doomers dream site
The facade of this building is sitting in a warehouse near O'Hare. They ran out of cash before they could pay the supplier, who has a hold on it. Someone, eventually, is going to make a boatload of money on this building. Once the banks finish foreclosure and it gets put up for auction someone is going to buy for 10 cents on the dollar (like one of the articles said, it is worth less now than as an empty lot) or less, make a lowball offer to the supplier to grab the facade (it's worthless except as scrap if not used on this project) and will have a hotel and huge parking garage at a fraction of what it costs to build new.
It's going to be super ugly, but it will be profitable.
Sad but true, adorno's. Or, maybe not sad.
Puts off resource Armageddon.
Was reading about the Byz Empire and Justinian. Guy doesn't like him.
At some point in the 500s, the civil services employment multiplied by 10--
and the Byz Empire didn't fail til when 1453ish?
Yes, I keep thinking about the Great Debt Collapse posted some threads
ago, showing 2T less debt extended.
I'm staying with the deflation camp.
@ fal to pa
If you are in need of more doom than CR provides you can get a fix at this site. A doomers dream site
This is the truth people.
In my Gnomely Opinion.
Deflationistas claims tend to be wildly inflated.
Eyescrapers?
but hyperinflation is only hyperbole....
" Do you really think people prefer being renters"
Yes, in fact I do. I live on the west side of Manhattan, and all around me, prices are falling. In addition, property taxes, water, sewer, electricity charges are all headed up. And with disappearing jobs, and cratering tax revenues, I expect things might change. If they do, and it's unpleasant, I'm gone. Tomorrow.
Unlike those who live in the real estate they own...they are well and truly stuck...and fodder for the tax authorities.
NO!
Not an inflation/ deflation discussion.
I WILL GET SHAMAN ON YOU!
Shamanism is a range of traditional beliefs and practices concerned with communication with the spirit world. A practitioner of shamanism is known as a shaman, pronounced /ˈʃɑːmən/, /ˈʃeɪmən/, (|ˈshämən; ˈshā-|) noun (pl. -man(s)).[2] There are many variations of shamanism throughout the world and several common beliefs are shared by all forms of shamanism. Shamans are intermediaries between the human and spirit worlds. According to believers, they can treat illness and are capable of entering supernatural realms to provide answers for human beings.[3]
@ Paper Pusher
Good one.
fair enough...
second that Paper Pusher +2
Ha!
I will get SHAM-WOW on YOU!
Vince Shlomi.
Sham wow will beat a bitches ass.
according to The Smoking Gun
Man that big pink pig should be slow cooked for my birthday.
Since I'm a Gnome; I'm supposed to give a gift to each of my friends for my birthday (which is a good idea; think about it)
Any ideas?
Consider this: Remember pictures of tent cities from the Great Depression? Hoovervilles ,I think they called them. At the real estate bottom of the "Great Recession" , whenever we get there, there should be no homeless as the Federal Government will effectively own massive amounts of housing stock and there will be overwhelming political pressure to house the homeless in the units via various Federal Programs.
The lower end of the market will be gutted as citizens will be encouraged to be classified as "homeless" and qualify for free housing and discouraged from buying homes in neighborhoods flooded with subsidized homes, condos, etc..
Moral hazard coming home to roost!
Hey, here in Boise, we have a "hole in the ground" that has been around since 2001, so take that Chicago!
defenestrate is a mighty fine word, just kind of hard to work into a conversation
A friend almost put it in a police report, but he figured he'd spend so much time explaining it to his superiors than ti wouldn't be worth it.