Existing Home Sales decline Sharply in December
Submitted by
CalculatedRisk on Mon, 01/25/2010 - 7:18am (280 comments)
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Repeat: now I know why I have no business.
And first!
Does this guy forecast the S&P too?
Does anybody else remember Jim Cramer's somewhat recent prediction that we would be facing a shortage of housing?
Cramer's ability to be loud and wrong is boundless.
how's the Boise,ID market?
To pick up with ,rad K's comment: Most threads are still rather heavy for mobile usage. Everything does tend to work, but it slow and sluggish especially when DL'ing/rendering 100+ comments. I'd imagine that making mobile access easier is further down on the list of To Do, but can i haz some lite/mobile theme plz?
Last month a number of reports said the surge in existing home sales was evidence of the recovery. Maybe I should pull up those articles and see what they say this month. I just shrugged off last months increase - and the same with the decline this month.
But it does show the impact of (dumb) policy!
best to all
Luckily I got over this. In advance.
lawyerliz wrote:
And you were wondering yesterday why things have slowed down?
7.2 months of inventory at 3.29M units.
not counting the 7 million overhang in delinquent loans that are likely to go into liquidation (short sale or foreclosure sale).
Is it not also a seasonal thing? This decline.
I'm not on my mobile, I just use that format for my computer because Hoocablue doesn't allow me to scroll for some reason...I wish I knew what went wrong it was working fine this morning....I emailed Ken but haven't heard back yet from him.
LL,
How long before you let your secretary go?
A trillion-dollar effort - washingtonpost.com
Glad the NAR is so spot-on!
Looking on the bright side, 11,000 units just "changed hands" this morning in Manhattan. Should help January's numbers.
is Joe Biden still alive?
Cramer's ability to be loud and wrong is boundless.
Is it time to beat up on Cramer again? Din't we just do that? Happy Cramer the Clown?
Was Joe Biden ever alive?
Won't do that unless I close the office.
And remember there are those evictions and foreclosure
defenses. . .
We need new policy measures to temporarily pull demand forward.
Biden’s Son Will Not Run for Delaware’s Open Senate Seat - The Caucus Blog - NYTimes.com
Anonymous Bosch wrote:
I didn't have the chance to catch the Cramer spot on the Daily Show. What was the prediction he made last week?
Is it time to beat up on Cramer again?
Cramer does more damage than an entire prison full of ordinary criminals, but this guy gets his own TV show.
noob, he was saying that if Mass. elected Brown the market would have a huge rally...oops...
Joe is just biden his time
Everything
, but msn money has a thing on how
to dump the "big 6" banks.
Will existing home sales will go up if Bernanke is confirmed?
O's got a standing 8 count and his closest "aide" is not in the corner.
Angry Saver wrote:
Somebody here made a rational and well explained scenario where certain types of housing in certain areas might face a shortage, while undesirable vacant housing in the same area went untouched.
Hopefully they will chime in since I don't remember the details, but their argument was sound.
I'm sure Cramer's wasn't as thought out and was followed with home builder buy recommendations.
Has not a real merican been on?
Did he get dumped by his zombie?
Existing Home Sales decline Sharply in December
"Tis a flesh wound!"
My BP won't tolerate the imbecile, noob. Maybe someone more facile with the linkie thingies will bring you up to speed for the Daily Show skit.
Comrade Kristina wrote:
Nice!
Comrade Kristina wrote:
Oooooooooooooo...
I read the news today oh boy
About a lucky plan whose loan got forbade
And though the news was rather sad
Well I just had to laugh
We're talkin' Bedford-Stuyvesant!
He blew his mine out on a scar
He didn't notice that the market had changed
A crowd of people stood and stared
They'd seen his face before
Nobody was really sure
If he was from the House of TARP?
I saw a film today oh boy
The Chirch of England had just lost some more
A crowd of people turned away
but I just had to look
Having read the book
I'd love to turn you on
Woke up, fell out of bed,
Dragged a comb across my head
Found my way downstairs and drank a cup,
And looking up I noticed I was late.
Found my bowl and petted my cat
Made the blog in seconds flat
Found my way upstairs and had a smoke,
and Somebody spoke and I went into a dream
I read the news today oh boy
Eleven thousand holes in Bedford-Stuyvesant
And though the holes were rather small
They had to count them all
Now they know how many holes it takes to fill the Forfeit Haul.
I'd love to turn you on
YouTube - A Day in the Life
Desperately seeking a 'months of inventory' map by county, like the unemployment one. Haven't found it so far.
lawyerliz wrote:
There is always that Family Law option...
Behold the power of the Dark Side... :Vader:
Anonymous Bosch wrote:
I can't watch the direct links to TDS in Canada, and I'm too lazy to set up an American proxy.
This weekend was just busy enough that I would read through each thread but then get pulled away from the computer so that I didn't have time to respond. Too bad; the Bernanke threads over the weekend were great, but I just couldn't get caught up in time to participate. But it made for good reading.
REBear wrote:
I don't think there's a way for them to go negative, so at some point, when sales get low enough (zero?) they'll have to go up. Barring TEOTWAWKI
Metaobservation. Months supply has become doubly useless as an economic indicator. Firstly there most certainly has been a paradigm in information dissemination. I got an email alert yesterday that a nice patch of dirt in Cummington, Mass, 200ac for $85,000 is available one day on MLS. That right there saved at least 10 weeks in identifying potential buyers. The same process repeats for me doing research and lining up funding. We talk about 6 months being "normal." IMO the new normal is 4 months.
Second We know the number "months supply" is gamed in new ways the reporting is not equipped to consider. Effectively the loose banking regulation has allowed the effective owners to build dams upstream and manipulate the supply. Toss in NTS and NOD +120 into the months supply calculation and 7.2 months looks farcical.
A third???
After betting heavily on real estate lending, about a third of Utah's smaller community banks are teetering between collapse and survival after the worst land-value crash in memory.
Nine banks are struggling to collect on development and construction loans representing 36 percent of their combined portfolios. Many loans are overdue to the point of default and are in danger of being written off as total losses.
The Salt Lake Tribune Money Matters
If the government is trying to induce you to buy a house or a car, that's your signal to not buy a house or a car.
G
Wonder what the tax bill is for 200ac in Nowhereton, MA - probably significant.
greenchutes wrote:
Probably lower than for Nowhereton, NH
If the government is trying to induce you to buy a house or a car, that's your signal to not buy a house or a car.
Like the dope dealer says, "The first one's free."
lawyerliz wrote:
PCBlowoutiatis was the official cause of his absence I believe.
The US won't crash because of the market, treasuries, or other such widely antcipated event. I think it will bleed out slowly. The states, pensions, and community banks will work just fine
yagij wrote:
His Mom and Dad won't spring for a replacement?
greenchutes wrote:
Incredibly MA has moderate property taxes. They had a form of Prop 13 they called Prop 2 1/2 that makes this a nice getaway retreat (if they allow airstrips).
Finished AA, nova. Riveting! Can't wait for part Two.
Thanks AB!
If you get time -- post an Amazon review.
Interesting to see this carried on the Yahoo front page
7 Things About The Economy Everyone Should Be Worried About
A man from Saudi Arabia was banned from boarding a United Airlines flight to Chicago the next day and sent back to Saudi.
oh perfect...oy vey
SEC mulled national security status for AIG details
| Reuters
PCBlowoutiatis
Huh? Wazzat?
"The US won't crash because of the market, treasuries, or other such widely antcipated event. I think it will bleed out slowly. The states, pensions, and community banks will work just fine"
It can't crash, it has had an unlimited budget for a while. Wallstreet and the pentagon are a global empire now and there is no replacement. Taxes, the selling of treasuries are quaint relics.
AB -- crashed PC I think
okokok, aapl's back above 200... we can all rest easy
huff post.
TREASURY SECRETARY: MARKETS MAY DIVE IF FED CHIEF IS REJECTED
Simon Johnson: No, Markets Won't Dive
Paulson?...Guess I better run to the market and buy a gallon of milk before they run out.
Rob Dawg wrote:
Westminster, MA, 01473 - MLS #70967210 - Land real estate - REALTOR.com®
CR, lets show some restraint. Comments like:
....Comments like this will do nothing to help contribute to your appointment as another "teleprompter reading" talking suit in Washington. Study comments by Professor Irwin Corey for guidance.
Rob Dawg wrote:
The only difference being that building an actual dam is heavily regulated.
shill wrote:
Worried yet?
Thanks, nova. Misread the acronym part as CPB... couldn't put together a plausible scenario.
Got some questions re. AA. I'll shoot you an email via the contact page.
Young Tim is in a bit of a bind, why does everything hinge on Benito?
Run silent, run deep
huh. I wonder why the market isn't up more on this news.
noob goldberg wrote:
But only after a number of notorious dam burstings-
Sure.
As noted above:
"Guess I better run to the market and buy a gallon of milk before they run out."
I think he's in New Zealand
noob goldberg wrote:
Fine. What about "owners to build beaver dams upstream and manipulate the supply"?
shill wrote:
If you were really worried, you'd be buying dried milk
That makes sense - shifting a cumulatively horrible tax burden onto young working families, just like CA.
Who said something about " Condensed Milk " ?
Wow nova!
i'd rather be a garbage pickup lady.
I'd rather sell shoes.
I'd rather stay home and make the house perpetually
clean.
Well, you get the idea.
The son justed texted me about possibly getting engaged.
Arrrgtgtghhhh
shill wrote:
Who said something about " Condensed Milk " ?
Not the same thing. BTW, if you water down " Condensed Milk " to normal strength, it'll taste more like regular milk, albeit "canned" regular milk-
love how the SPY just re-set the LOD and removed those trades down at 107.50 or so...gotta love that...
Ciao
MS
shill wrote:
No, this is the latest version of
bot. Code name is Geithner.
have access to specifications.
The newer version has several improvements. Brochure for the newer model is locked up in a secret compartment. Only two representatives from the
JD, bravo as usual.
Yup and has a nice shelf life...hell we were all feed it as New Born's before they came out with the Steroids in a can Formulas.
REBear wrote:
I thought they each only had access to 1/2, and they could never be i the vault at the same time?
Cinco-X wrote:
This is an interesting tangent. Why do we regulate dam building? Because a poorly built dam has the potential to cause widespread devastation in which the building company cannot possibly compensate in the event of a catastrophic failure, I would imagine.
I wonder if there is anything that can be learnt from this and applied to financial markets?
(rhetorical question alert)
lawyerliz wrote:
This isn't happy news?
lawyerliz wrote:
I
it when people treat my world with such fear, dread, disdain, hostility, avoidance...
.
When the govt put pressure on everybody to go solely the govt IRA
thing, instead of pension, I said to the hub, this must be a bad thing
if they want you to do it so much. He agreed and we are happy we
didn't.
On and the last time the govt didn't raise the ceiling, the hub was on
furlough for a week or 2. He eventually got paid for it anyhow.
yagij wrote:
Where I come from, the solution to that little quandary involves a box of dynamite.
noob goldberg wrote:
We can only produce regs that protect us from something that's already happened, and won't likely happen again; it the stuff we they haven't thought of yet, or the stuff everyone's completely forgotten about that's the most problematic.
lawyerliz wrote:
LOL..liz.
noob goldberg wrote:
What do you think the citizens of Detroit were doing every year for decades on end?
http://theeconomiccollapseblog.com/archives/economic-black-hole-20-reasons-why-the-u-s-economy-is-dying-and-is-simply-not-going-to-recover
yagij wrote:
I don't know, but I'd be very interested in that story!
Is the NAR going to say "bbbut prices were up.....recovery is happening.....bbbetter buy a house now!"
Demand down, price soon to follow.
A legitimate house price is not what the current owner owes, its what a buyer can reasonably pay (and wants to).
because we're very confident predicting that the U.S. economy will begin to show positive job growth by this Spring, Geithner
Cinco-X wrote:
JD has been reminding us about forgotten knowledge with excerpts from Ben Roth's book.
Shill, you're making my hands shake, I still am trying to get over the AIG records being a matter of national security.
Cinco-X wrote:
How would the bot identify its creators?
noob goldberg wrote:
Devil's Night - Wikipedia, the free encyclopedia
that looks like two helpings of exploding doom.
lawyerliz wrote:
And just think--in this market--instead of a couple of place settings of china, you can buy them a couple of condos!
shill wrote:
I'm not evil or corrupt!
despite what some of you say.......
NAR's reporting seems like U3 Unemployment. Wonder what U6 would look like?
Nanoo-Nanoo wrote:
Seriously, Nanoo, watch "Secrecy". It will give you the entire background on what legal precedents permitted the state of affairs that allow so much to be hidden under the guise of 'National Security'.
It was one of the few documentaries I've watched recently that really shook me, and it kept my interest because it didn't wander off into
land at all.
"Is the NAR going to say "bbbut prices were up.....recovery is happening.....bbbetter buy a house now!"
Fairly sure I saw that at Yahoo already.....it's gone already.
Ciao
MS
noob goldberg wrote:
Ya', I read his comments; too bad BB et al aren't, not that I agree with everything JD says. BTW, are we taklin' "JD" or Juvenal Delinquent?
yagij wrote:
Thank you, yagij!
REBear wrote:
Biometrics, I presume.
REBear wrote:
These clowns have got to stop using this argument.
Eventually, someone is going to notice that if our markets are that weak and fragile, then we have bigger problems than Bernanke's confirmation, which naturally will cause the market to dive even with his confirmation.
lawyerliz wrote:
Is this the girl that won't let him have porn?
Could be worse liz, it could be your daughter getting engaged. That's when it gets really expensive.
yagij wrote:
The rate of burn is slower now, but they are still burning houses. Mostly homeless and drug addicts now though.
Happens in a lot of other cities too.
Oh, thanks noob for the tip, I'll watch it. I love HCN and all the information I find here, quite illuminating.
REBear wrote:
Let 'em; see where that leaves the :GS
Congress voted that the veterans should get their $2 Billion bonus, and in Youngstown business was hopping in 1936, as a result of the money tree in D.C..
Lawyer Roth says that people are spending money again on new cars, shopping, etc, but professional men like him aren't seeing much of it.
And then comes the double-dip of 1937...
He is not quite 29. This would be a 3rd engagement.
The first dumped him.
The second married him and then dumped him in a year.
He's in school for a master's in public health.
Yes, I like the girl a lot and she wants kids, I just
think he shouldn't jump in again so soon.
Comrade Kristina wrote:
How do you spell relief? E-L-O-P-E!
Cinco-X wrote:
If that isn't a red flag for future problems (or at least hiding and denial) I don't know what is!
Edit: lawyerliz wrote:
Uh oh! Another 2nd red flag...
Rob Dawg wrote:
If you were stuck with a bunch of houses, had many more delinquent coming in the pipeline, would you want to disclose that to potential buyers or make it appear that inventory was "normal"?
It's easy to see why they are doing what they are. IF they are within the law, fair game. If not...
DOW JONES NEWSWIRES
A running Senate vote tally on the Federal Reserve Chairman Ben Bernanke's reconfirmation: (The tabulation is based on interviews with senators or their offices. Senators marked undecided stated they remain undecided. Senators without a response have not replied.)
Yes No Undecided
Total 35 17 29
Dems/Independents 24 5 17
Republicans 11 12 12
(Sixty votes are needed to end a filibuster and allow a vote on Bernanke's reconfirmation.)
DEMOCRATS
AKAKA, Daniel K. (D-HI) Yes
BAUCUS, Max (D-MT) Yes
BAYH, Evan (D-IN) Yes
BEGICH, Mark (D-AK) Undecided
BENNET, Michael F. (D-CO) Yes
BINGAMAN, Jeff (D-NM) Yes
BOXER, Barbara (D-CA) No
BROWN, Sherrod (D-OH) Yes
BURRIS, Roland W. (D-IL) Undecided
BYRD, Robert C. (D-WV) Undecided
CANTWELL, Maria (D-WA) Undecided
CARDIN, Benjamin L. (D-MD)
CARPER, Thomas R. (D-DE) Yes
CASEY, Jr., Robert P. (D-PA) Undecided
CONRAD, Kent (D-ND) Yes
DODD, Christopher J. Yes
DORGAN, Byron L. (D-ND) No
DURBIN, Richard J. (D-IL) Yes
FEINGOLD, Russell D. (D-WI) No
FEINSTEIN, Dianne (D-CA) Yes
FRANKEN, Al (D-MN) Undecided
GILLIBRAND, Kirsten E. (D-NY) Undecided
HAGAN, Kay R. (D-NC)
HARKIN, Tom (D-IA) Undecided
INOUYE, Daniel K. (D-HI) Yes
JOHNSON, Tim (D-SD) Yes
KAUFMAN, Edward E. (D-DE) Undecided
KERRY, John F. (D-MA) Yes
KLOBUCHAR, Amy (D-MN)
KOHL, Herb (D-WI) Yes
LANDRIEU, Mary L. (D-LA) Yes
LAUTENBERG, Frank R. (D-NJ)
LEAHY, Patrick J. (D-VT)
LEVIN, Carl (D-MI) Undecided
LINCOLN, Blanche L. (D-AR)
McCASKILL, Claire (D-MO) Undecided
MENENDEZ, Robert (D-NJ) Yes
MERKLEY, Jeff (D-OR) No
MIKULSKI, Barbara A. (D-MD) Undecided
MURRAY, Patty (D-WA) Undecided
NELSON, Ben (D-NE) Undecided
NELSON, Bill (D-FL) Undecided
PRYOR, Mark L. (D-AR)
REED, Jack (D-RI) Yes
REID, Harry (D-NV) Yes
ROCKEFELLER IV, John D. No
SCHUMER, Charles E. (D-NY) Yes
SHAHEEN, Jeanne (D-NH)
SPECTER, Arlen (D-PA) Undecided
STABENOW, Debbie (D-MI)
TESTER, Jon (D-MT) Yes
UDALL, Mark (D-CO)
UDALL, Tom (D-NM)
WARNER, Mark R. (D-VA) Yes
WEBB, Jim (D-VA)
WHITEHOUSE, Sheldon (D-RI) Yes
WYDEN, Ron (D-OR)
INDEPENDENTS
LIEBERMAN, Joseph I. (I-CT) Yes
SANDERS, Bernard (I-VT) No
REPUBLICANS
ALEXANDER, Lamar (R-TN) Yes
BARRASSO, John (R-WY) Undecided
BENNETT, Robert F. (R-UT) Yes
BOND, Christopher S. (R-MO) Undecided
BROWNBACK, Sam (R-KS) Undecided
BUNNING, Jim (R-KY) No
BURR, Richard (R-NC) Yes
CHAMBLISS, Saxby (R-GA) Undecided
COBURN, Tom (R-OK)
COCHRAN, Thad (R-MS) Undecided
COLLINS, Susan M. (R-ME) Yes
CORKER, Bob (R-TN) Yes
CORNYN, John (R-TX) No
CRAPO, Mike (R-ID) No
DeMINT, Jim (R-SC) No
ENSIGN, John (R-NV)
ENZI, Michael B. (R-WY)
GRAHAM, Lindsey (R-SC) Yes
GRASSLEY, Chuck (R-IA)
GREGG, Judd (R-NH) Yes
HATCH, Orrin G. (R-UT) Yes
HUTCHISON, Kay Bailey (R-TX) No
INHOFE, James M. (R-OK) No
ISAKSON, Johnny (R-GA) Undecided
JOHANNS, Mike (R-NE) Yes
KYL, Jon (R-AZ) No
LeMIEUX, George S. (R-FL) Undecided
LUGAR, Richard G. (R-IN) Yes
McCAIN, John (R-AZ) No
McCONNELL, Mitch (R-KY) Undecided
MURKOWSKI, Lisa (R-AK) Undecided
RISCH, James E. (R-ID) Undecided
ROBERTS, Pat (R-KS)
SESSIONS, Jeff (R-AL) No
SHELBY, Richard C. (R-AL) No
SNOWE, Olympia J. (R-ME) Undecided
THUNE, John (R-SD)
VITTER, David (R-LA) No
VOINOVICH, George V. (R-OH) Yes
WICKER, Roger F. (R-MS) No
UNSEATED REPUBLICAN
Brown, Scott (R-MA) No
Actually, if prices are that low in Tampa we could!!
One anyway.
If I hear of a supercheap condo near my ofc, I just might cash
in the IRA & buy it.
TREASURY SECRETARY: MARKETS MAY DIVE IF COAKLEY IS REJECTED
lawyerliz wrote:
I wish him the best of luck, seriously. This is an area which requires a lot more attention with bright and motivated people.
As for the engagement thing, I think you're right. I've often thought that age limitation on marriage should be 30.
Ask him whats the rush?
Nanoo-Nanoo wrote:
Her?
Obama Approval Index History - Rasmussen Reports™
Looks like BHO's meme on banks and financials is starting to improve his ratings.
+3 point shift in recent weeks-
lawyerliz wrote:
Buy a place near Disney--then the grandkids will visit!.
Americans are getting angrier at the jackasses in Wash DC who now represent Wall St and the elites
Daily Kos: Confirm Bernanke or Wall St. Could Blow Up...WTF?
even DKos community is pissed
There is no will or commitment from either the Obama admin or mostly assclowns in Congress to change the US economy dependence on Financial capitalism ( asset bubbles, ponzi schemes ) so Bernanke will be confirmed and Americans ( with a larger number becoming more and more tapped out ) will get more 'extend and pretend' and kicking of the can down the road....
By bye Dems and Obama in 2012
Cinco-X wrote:
Mind control would be a better option.
You, sir, are a bad influence.
TREASURY SECRETARY: MARKETS MAY DIVE IF ANYONE FAILS TO DO EXACTLY WHAT I SAY
Marriages should be term contracts with renewal clauses, if desired. Might put a crimp in divorce lawyers' gleanings though. If everyone thought of marriages in limited terms, there'd much fewer recriminations at the end of the term.
CaptainMorgan wrote:
It isn't "fair." The banks are explicitly not in the real estate business. In the olde days banks were loathe to carry physical assets on their books and dumped them in a few months if not weeks. Examiners would raise questions. That's the failure, regulatory capture. The regulating agencies are allowing banks to forestall mark to market and liability disgorgement at fair value because, boo hoo, the banks would "lose" money.
MARKETS MAY DIVE
MARKETS MAY DIVE 
MARKETS MAY DIVE 
Watch the swinging watch.....MARKETS MAY DIVE
I do not know what is worse, this BS or Bin Laden editing video and audio from a cave with all that great video equipment.
Obama Will Preview Package of Middle Class Tax Cuts (Update1) - Bloomberg.com
and once again, retiree's and senior citizens are not worthy of even a small gesture.
ok, replace "until death do us part" with...?
Or remember when Cramer said last week that the market will love a Scott Brown Victory.
you guys are gettin your ss$, right? just a hint, the fund is dry
Some days, it seems like making shotgun arrangements the social norm would be much more sensible than what we currently do.
U.S. demographics will doom our economy even if we make optimistic assumptions about the future (via Business Insider):
http://www.project-syndicate.org/commentary/feldstein19/English
Young Tim seems different these days, wonder why?
YouTube - billy joel - Pressure - Greatest Hits Vol. II
Nanoo-Nanoo wrote:
Well he can always get engaged and defer the wedding date - sort of a try before you buy type of thing or rent prior to getting owned...
dum luk wrote:
That's either bull or a political earthquake. I believe she's leveraging her eventual 'yes' vote. There's no way she'll break rank unless the Coakley election showed her a possible future.
Obama claims he does not want to be in the car business, then why did his administration pick the new CEO.
Whitacre to become GM's permanent CEO | freep.com | Detroit Free Press
Nanoo-Nanoo wrote:
Hey, I have an idea. Let's ask broward.
Proto boomers that are waiting for 67 to roll around to get more dough, are making a big mistake...
shhhhhh spike
It was cold, Christmas fell during the work week, there were only 4 Mondays in the month, this December only had 31 days this year, there was a big snowstorm in the East, Hanukkah and Kwanza depressed sales, sales were pulled forward into November/sales were pushed forward into Spring by the tax credit, people stayed home to watch the healthcare debacle on C-SPAN, etc.
Nothing to see here, move along.
and why is that? The largest workforce in US history contributed their entire working lives. Everyone looks at the demographic in the terms of what the payout is going to be...few look at the payin and why the payout WAS SOLVENT until....the contract on America. Now its a contract of diminishing returns.
Hunh?
She was trying to get him to stop drinking so
, and
much
he does drink too much he cut down to one cup
briefly and however he acted, she told him to start
drinking again.
Oh, the Playboy thing. . . as teenager he said what
about Playbody, and I, his mother, said he should hide
them under the mattress like a good boy.
I really enjoyed both my daughter and son's Mad Magazine
phases. Is that still published?
Brilliant. I'm going to be chuckling all day wondering whether you were being ironic.
At least those that are retired right now are getting something in return. I've been paying in for 25 years and most likely will get nothing once the boomers crash the system. I'm not saying it is their fault, just stating a fact.
Anyone who puts their future in the hands of others (even the Government) will be cheated. Wait till the checks get cut or quit coming for your retirement What are you going to do?
I lived in Stuy-Town for a decade. It was built in a real housing crisis: not enough housing, especially for returning WWII vets. The shameful episode of the WWI bonus marchers was 'fresh' in the public's mind. Large tax breaks were given to the private developers, who knew that rent would be permanently regulated. (The inflation ponzi was understood).
I feel sorry for the people who were forced to contribute to pension funds or gave to charities that lost money on a stupid investment.
The other greedy bastards can go fuck themselves, especially the Wall Street speculators.
A giant BWAAAAHHHHAHAHHHAA to the absentee scumlord.
Find me a
to roast for dinner with some fava beans and Chianti.
Cinco-X wrote:
Yes, right, Juvie.
Anonymous Bosch wrote:
See Austria and other European countries that are/have been looking into that concept. Definitely don't hate the process, and all sensible lawyers (and their staff) wouldn't hate it either.
Did you actually read some of the comments here Daily Kos: Confirm Bernanke or Wall St. Could Blow Up...WTF? or just react off the cuff ?
Rob Dawg wrote:
Is it fair to home owners in neighborhoods to have to compete with a dump of inventory? Historically banks and credit unions also sold repo'd cars quickly and at fair prices, but were an insignificant amount of inventory. The smallest used car dealer had far more inventory.
Not so in the present housing situation. I can see several REO houses in small neighborhoods, and this is in an area that did not have a big run up and crash. There are zip codes where foreclosures and REO dominates the sales stats already.
It's easy to look in the rear view mirror and say many of the banks are worse off price wise in delaying sales, but maybe long term they are better off holding out for higher prices.
Neither situation sounds good, with holding inventory or dumping it all. I'm not sure what the solution is. Waiting on regulation to fix the problem probably isn't it.
Comrade Rally Monkey wrote:
"until irreconcilable differences do us part"
.
It would be more honest and people who truly honor the institution would not be affected in the least.
.
(Note: A few states still do not have no-fault divorce so you could use "contractual concerns".)
Graph: St. Louis Adjusted Monetary Base (BASE) - FRED - St. Louis Fed
What if they allowed you to get at your SS money at a younger age, albeit at discounted rates.
I'm supposed to get $1200 a month, in 15 years, so how about making it like $400 a month for right now money?
I doubt she will ever get married.
The son's first marriage was reasonably expensive.
I had the rehearsal dinner here at home and it was a
bang-out success. But very exhausting. I can see being
a socialite would actually involve some hard work.
Buffet, some from restaurant that's now closed, some from Public,
some I cooked, chocolate fountain, the works.
Professional cleaning and all. Planning renting chairs,
figuring how to group them so people would interact etc.
Lobbyist Ben Dover wrote:
This holds true no matter what the form of Government. It works for communists and socialists alike.
1 currency now -yogi wrote:
My wife lived there, and has good memories of the place in the 1950s and early 60s.
Lobbyist Ben Dover wrote:
I plan to vote for people who will tax you into oblivion (I have no debt and don't "rely on the Government" in your terms), so you'd better play nice with the other children, Randy.
Nope, NOT her. Absolutely not her.
lawyerliz wrote:
Good Lord. I'm horrified. Somehow I doubt Miss Manners would make you fund his mating rituals ad infinitum!!!
lawyerliz wrote:
by a personal assistant.
That's the way to do it.
ok, replace "until death do us part" with...?
What about it? It doesn't seem to hold much water these days, one way or the other. Some stay married, some don't. Those who don't very often have mucho grief. Modernize the concept for longer lifespans, higher mobility, both social and physical. Marriages: 1-year; 1-year w/ 3-yr extension option; and so on. May put less pressure to "make it work" ad infinitum also if there was an explicit realization that the "vows" weren't terminal.
Just some loose thinking on a subject that rarely crosses my synapses.
Rob Dawg wrote:
Nope, Boxer is one of the few genuine liberals in the Senate and she does sometimes break with the Senate Democratic Consensus to the left, about as often as anybody besides Sanders. Also, she was one of the two Dem Senators (with Feingold) who announced their opposition publicly and got the broohaha started. Actually, given that Feingold is pretty mavericky, I think it was Boxer's announcement that made the issue significant.
I'm already only an hour's drive from Disney.
lawyerliz wrote:
She wants children now, but she doesn't want to get married right now?
CaptainMorgan wrote:
That is why you have to fend for your self above and beyond. If I get mine it will be excess. They also have the gall to call it entitlement like I never contributed to it. Theft by taxes.
scone wrote:
LoL! Now that would definitely make her Mom of the Generation! Now if the lady friends knew Mom was funding those fancy purchases is another story.
Anonymous Bosch wrote:
That's what living together is supposed to do. At least if children are an issue, at some point you should be willing to make a permanent commitment.
i was looking for something a bit more funny.
Like "until you start using the scratch-offs as a retirement plan"
" when your teats sag past your belly button:"
or
"when your ED correlates w/mnf"
'
According to the guy who wrote the Fidelma books, ancient Ireland
had 9 different variations of marriage, one for a year and a day. Which
Fidelma chose at first with her slightly lowr class husband, both of the
were religious, and that was ok, the customs lasted into the Christian
period. If the author is accurate.
Anonymous Bosch wrote:
Why bother? Just say no.
Got Scheme?
YouTube - Dawn at the Great Pyramid - Symphonic Led Zeppelin
Yogi,
"I plan to vote for people who will tax you into oblivion"
Can't compete EH?
Well then it's time for me to leverage my volunteer work for Franken. I will be politic as to "end the fed". Just say no to
for now.
Comrade Rally Monkey wrote:
If you work in the field of Family Law for any length of time, you learn the art of Honne and Tatemae. What you say about marriage and its parties to the public is very different from what you say in private. Some people take Marriage (like Death) very seriously for some reason.
.
If you want "more funny", you'd have to catch me somewhere that isn't saved/indexed by Google for eternity.
YouTube - man in office goes berserk and destroys and attack people - fired from job postal mad men
I think we will see more of this.
Agreed, FE, though definitions of "permanent' tend to vary from 20 to 30 to 40...
Sudden Mrs.B project to do, and an email to nova. I must away to the Land Beyond Pixels.
Later Taters...
NateTG quoted:
Silver lining to every cloud-
Speaking of competing. Good thing Frankin got that government job. Air America just bit the big one. Liberal nuts can't compete with out a government grant.
I would certainly take up the offer, but it wouldn't really work in the end. The early takers would eventually have enough political power to force the government to give full benefits to them in their 60s/70s anyway. I can just see it now- Joe and Mary Sixpack's sad story on 60 Minutes; how they took early benefits, and , now, neither can work in their 60s and are living in the homeless shelter trying to survive on $600/month.
TREASURY SECRETARY: MARKETS MAY DIVE IF FED CHIEF IS REJECTED
RIF: MARKETS MAY DIVE IF RATIONALITY IS ACCEPTED.
No, she feels that's she's too young. She's not quite 21.
Juvenal Delinquent wrote:
Rare Earth seems like the rage:
"A key supplier of Toyota moved to secure a long-term source of lithium in Argentina, in one of the first global natural-resource plays of the electric-car age. Edging out Chinese buyers, Toyota Tsusho Corp., which is 21.8% owned by Toyota Motor, secured low-cost loans from the Japanese government to take a stake in a lithium project that could begin commercial production by 2012. (1/20, #21)"
The thing that separates the angst of the late 60's-early 70's from now, is back then half the population wanted the keep the status quo intact, now nobody wants it.
lawyerliz wrote:
Ooooooooooooooooh. He's ...29?
.
(29 / 2) + 7 = 21.5...
.
Just barely made the cut...
YouTube - (I Know) I'm Losing You-Rare Earth-1970
What equation is this?
My son will be just thrilled that I'm discussing his love
life on the net.
Juvenal Delinquent wrote:
YouTube - Bob Dylan - Ballad of a thin man (Live video)
why +7?
OT- Stock Market Crash...NOW.
Tomorrow, the US stock market will drop in a major way. It will drop 500-1000 points in the next 3 days.
The goal is 1000-2000 points lower.
I know patterns, and this pattern has a 95% probability of a major stock market crash.
Step aside if you can, today, while the market is open.
The market should start out flat tomorrow and then descend nearly straight down, day after day.
Heads up.
Durable Goods "Mistake" Or FRAUD? - The Market Ticker
lawyerliz wrote:
you're discussing his marriage; his love life is a separate issue.
Pretty ballsy prediction...If you are correct you might be able to jockey for Cramers job...His calls haven't been too hot lately..
Rajesh wrote:
Obama's Cabinet Picks - Yahoo! News Photos
Note; he's using a teleprompter while speaking at an elementary school-
Obama proposes middle class tax credits - MarketWatch
http://www.israpundit.com/2008/wp-content/uploads/2008/05/obama_carter1.jpg
Comrade Rally Monkey wrote:
It's part of the creepiness formula; you shouldn't date anyone younger that your age divided by two plus seven. FOr instance, if you're 52, you shouldn't date anyone younger than 33 yo-
I am discussing both, Liz says with enormous
grace and dignity.
Slumdog wrote:
Thjat's the troublw with human brains, they see patterns everywhere. John Nash has some trouble with that.
lawyerliz wrote:
Age disparity in sexual relationships - Wikipedia, the free encyclopedia
yes on no.
"you're discussing his marriage; his love life is a separate issue."
in a commited relationship they are interchangeable.
Cinco-X wrote:
poic wrote:
Timing is everything. "'til you part" is a really, really long time if you made a mistake, and past returns is no indication of future performance.
17 will get you 20, but 52 will get you 20 if you do it right.
And if your prediction turns to shit, will you come back and take your medicine?
yagij wrote:
Nice rule of thumb for dating, but I hesitate to apply it for marriage, people's personalities are still in flux through 23 to 26 years.
FD: I now make that cut, after a few years of marriage.
yagij wrote:
If you were 52 and dating a 33yo you wouldn't be able to keep from bragging about it.
nova wrote:
Nine banks are struggling to collect on development and construction loans representing 36 percent of their combined portfolios. Many loans are overdue to the point of default and are in danger of being written off as total losses.
----xxx
Couldn't have happened to a more deserving bunch of guys. Their conservative aggressiveness deserves full payback. Sadly, with the FDIC eating 20-30% of all assets listed on their books as losses, I as a govt taxpayer will receive a nice "cleansing", too. If the equity and bond holders are wiped out in those banks, that's worth the refreshing experience. They should go back to counting the number of wives rather than be exploiters. And the same goes for all the bond and equity holders in all the banks.
The joke here is that the bank boards of directors and bank officers will walk away only penalized by their own risk investments instead of hung for their outstanding greed and incompetence. Somebody should show them the Japanese way of apology, and the Chinese state revenge options.
Hubby and I don't make the grade with that formula...I guess I'm a cradle robber...
Hmmmm, 617 guests, market prolly really ready to crash.
you really should'nt make predicitons unless your already in the trade. that way , you can only be accused of talking your book.
Rob Dawg wrote:
There's a great joke about that-
Rob Dawg wrote:
See the "socially acceptable" aspect. No doubt that the men won't brag about it (women too, but in a different way), but if the 33 yo plays you like a fiddle and leaves you high and dry, rest assured that the grief you get will be more than the "atta, boys" you got.
Hence the mattress problem.
JP wrote:
TREASURY SECRETARY: MARKETS WILL DIVE IF ANYONE DOES EXACTLY WHAT I SAY
I predict a
is about to arrive at my door......." Ring ".....damn I am good.
lawyerliz wrote:
Volumes seem low compared to Friday-
Ben Franklin said the older ladies were soooo grateful.
Comrade Kristina wrote:
I'm living with a "older women", contrary to my evolutionary instincts.
lawyerliz wrote:
Link?
adornosghost wrote:
Mom's don't count
nova wrote:
> I think it will bleed out slowly.
The odds are 95% that in 1 or 2 days the start of a repeat of the last 4 days will occur, with the same drop number, 500 points. I don't trade the S&P short right now ass I'm invested to the gills in my own successful biz, but today is the day to buy puts.
Rarely, there's free money. IMO, this is it. In a week, we'll see 500-1000 pts down.
Ahahahaha liz...
Tech stocks seem to be doing better than bank stocks. 'Shift and rotate!'
Some "one" is trying really hard to keep this pig afloat today. Spikes in buying upon each downdraft.......news and data is terrible.....Dow looks like a saw tooth blade........
Boring.
"Cinco-X wrote:
if you're 52, you shouldn't openly date anyone younger than 33 yo..."
that's why god created public bathroom stalls.
Cinco-X wrote:
Benjamin Franklin, Advice to a Young Man on the Choice of a
Mistress (1745)
June 25, 1745
My dear Friend,
I know of no Medicine fit to diminish the violent natural Inclinations you mention; and if I did, I think I should not communicate it to you. Marriage is the proper Remedy. It is the most natural State of Man, and therefore the State in which you are most likely to find solid Happiness. Your Reasons against entering into it at present, appear to me not well-founded. The circumstantial Advantages you have in View by postponing it, are not only uncertain, but they are small in comparison with that of the Thing itself, the being married and settled. It is the Man and Woman united that make the compleat human Being. Separate, she wants his Force of Body and Strength of Reason; he, her Softness, Sensibility and acute Discernment. Together they are more likely to succeed in the World. A single Man has not nearly the Value he would have in that State of Union. He is an incomplete Animal. He resembles the odd Half of a Pair of Scissars. If you get a prudent healthy Wife, your Industry in your Profession, with her good Economy, will be a Fortune sufficient.
But if you will not take this Counsel, and persist in thinking a Commerce with the Sex inevitable, then I repeat my former Advice, that in all your Amours you should prefer old Women to young ones. You call this a Paradox, and demand my Reasons. They are these:
i. Because as they have more Knowledge of the World and their Minds are better stor'd with Observations, their Conversation is more improving and more lastingly agreable.
8thly and Lastly They are so grateful!!
Thus much for my Paradox. But still I advise you to marry directly; being sincerely Your affectionate Friend.
Comrade Kristina wrote:
If he is more than 8 years your junior, I believe the term was "cougar".
.
sdtfs wrote:
For me, I tend to just lay out the fact patterns and let 'em speak for themselves. If you end up in a lawyer's office talking about your marriage and you got married when you were/she was 20-24, the variations of "What went wrong" rarely hit outside of the conclusions that past experience revealed.
Cinco-X wrote:
She is no longer with us-
shill wrote:
That's the way it seems to work on low volume days.
has an easier time front running trades and keeping the market afloat (my idle speculation).
Slumdog wrote:
Gold Trading?
Wall*Street experts agree that free money is the best kind.
I'm only 8 1/2 years his senior, hardly a huge gap...I guess I"m a puma or cougar or whatever feline they are tagging us with today...PURRRRRR
He wrote a bit about how the older ladies couldn't have kids, and
so you didn't have that to contend with, and several other comments
about discretion and abilities (IIRC) and ended with the gratitude.
I read it in a book. Before the Internet existed. Maybe
a quote from Poor Richard's Almanac?
Panamanther
YouTube - Van Halen - Hot For Teacher
Yick.
Wrenching this thread away from sex and relationships...
Interesting video in cashless lifestyles:
Video: The No Money Man |
Environment |
guardian.co.uk
Of course, an Irishman in a caravan with no money may be a familiar and hated figure to most folks from the UK, but it appears to have a lot more going for it recently.
Rob Dawg wrote:
All 8 reasons were good- Thanks-
Bill Fleckenstein is out of the country, when he goes on vacation the market goes all wobbly.
I know correlation ain't causation but it's .96
adornosghost wrote:
I forgot the part about from the waist down. . .
lawyerliz wrote:
Don't worry. Most men don't know the part about from the woman's waist down...
lawyerliz wrote:
He did a column (in his brother's paper?) as a kid using a nom de plume, and sliding the drafts under the door at night. Might've been that; looks like the right time frame-
Lobbyist Ben Dover wrote:
Not with stupid. You got your Section 8 welfare, now you want to go Galt. Doesn't work that way. Good luck fending off the masses of
Lobbyist Ben Dover wrote:
He didn't take Section 8 welfare. Neither did I.
Pigs are flying across the frozen tundra of Hell, anything could happen, O could misplace his teleprompter and accidentally tell us whats on his mind. Strange times.
FT.com / Comment / Opinion - Democrats need to learn the blame game
By James Carville
Looks like the
has decided to keep Ben:
ben bernanke - Google News
Comrade Alexei Mikhailovich wrote:
Have not read him in a while, but he usually has a pretty good take on things, especially for a more mainstream writer.
scone wrote:
> hjat's the troublw with human brains, they see patterns everywhere
Sorry, scone, this is my bailiwick. This is a sure thing, as in 95% probability. It won't turn up and it won't go sideways. This pattern, down, down, down, tight inside day, is well known to me. The consequence are 3 to 5 days of repeating daily drops of equal amount to double the prior drop total point count. This is what will happen... if we stay in a tight inside day trading pattern. That's what the screen says so far. If it's an inside day today, it's a sure thing.
I had posted a PDF file a while ago about an analysis done. The underlying premise that I took away from it was a) that current housing stock ( since housing is a long lived asset ) reflects the preferences of a previous generation. secondly demography has a lot to do with the choices. We have two very large demographic cohorts- the boomers and the millenials with a relatively small cohort in between. The big clash is going to come from both Millenials and boomers competing for the same housing stock. Smaller more dense near city housing. Because the in between generation is small it won't release sufficient amounts of this housing to meet the needs of the millenials much less the down sizing boomers. Equally since they are a smaller generation than the boomers they won't create sufficient demand for the housing released by the boomers (suburban McMansions).
The bottom line we end with a housing shortage and a housing surplus simultaneously. The other aspect to consider is the destruction rate of housing. Currently the SF homes (excluding mobile homes) have a destruction rate of about 0.2% - clearly that rate is way too low since it would imply and average life of 500 years. I think the low rate is a function of the fact the largest portion of that housing stock was was built in the last 50 years and a huge amount of it in the last 20.. As that stock ages I believe that the overall destruction rate will go up. Currently the aggregate destruction rate is about 500,000 homes.i.e it is about the same level as new home construction. Bottom line I think both new home starts (building of housing in shortage) and new home sales are likely to surprise to the upside.
As a little peasant Merican, there is one thing I know for sure, it's a sure thing is a crock of s#h#it.
Anybody ever pick a mortal lock?
For No0B:
Scientists using selective temperature data, skeptics say
Should Krugman replace Bernanke? | Analysis & Opinion | Reuters
as usual, not a single one helps me.
I've been letting one roommates evil russian eldery mother live with us and no amount of tax credit would make it worth the effort.
Slumdog wrote:
So you're a really, really rich guy posting from his own private island. Wow.
Cinco-X wrote:
I kinda wanted Canada to warm a little, so that story disappoints me. Two thirds or so of our country's land area is--for all intents and purposes--practically useless, so I'd prefer a bit of warming.
Granted, it'd completely screw millions of people, but at least I could buy some cheap land north of the treeline and bide my time. It's all about me, really.
Cinco-X wrote:
only if we focus on the specific scam rather than the underlying factors that are common to all of them. Simply put if the profits accrue to one person and the losses accrue to another we will get scams. I think we should not be making FDIC insurance manadatory. We should offer the choice of FDIC insurance with strict prohibitions on the type of activities that can be conducted or the alternative of no FDIC insurance and greater freedom. I also think that all financial institutions should be paying a fee on their total liabilities that will be used to bail out institutions. Although a liberal I think the attempts to generate a regulatory regime causes more problems than it solves. I think the role of government is to provide a truely safe harbor while simultaneously allowing people to take risks with eyes wide open.
scone wrote:
> So you're a really, really rich guy posting from his own private island. Wow
The maid's here, and so is my CSMgr. Otherwise, I've only heard distant sounds in the neighborhood. Oh, the coyotes showed up at 6 am and gave a concert.
nova thats a very good link
that ratio is the texas ratio?
Scone, you're being cute. I'm dead serious about what's happening. I like being able to look at my track record.
I'm in on this call. Straight to hell, starting tomorrow or the day after.
well, your not alone
Comrade Rally Monkey (homepage, profile) wrote on Tue, 1/5/2010 - 1:48 pm I've just entered the largest order on the spu's since (was 1427 may'08)when i was 7x short the index. not qiute that big today, but close.
I just don't see 1000 point drop by friday.
Slumdog wrote:
No, I'm being skeptical. And I'm already seeing some weasel words in the rhetoric.
Take that technical voodoo nonsense elsewhere, please.
I won't ask nicely again.
the johnstown flood being one i can think of, no the only one i can think of.
1 currency now -yogi wrote:
I would be willing to bet that most here would tolerate a sane discussion of technical analysis.
This isn't it though.
"Sure thing" does not equal "95% probability". I, too, smell weasel.
I am not saying you are wrong, but I will have more respect if you don't disappear when/if you call is wrong.
(Just catching up)
If my Mom had said something like, "Yes, I like the girl a lot and she wants kids", the gf's toast except for rodeo.
.....that was nice the first time?
Black Star Ranch wrote:
.....that was nice the first time?
Ironically, yes. Still trying to catch up I see.