Weekly Open Thread (2015-06-08)

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Here is your open thread for the week of June 8th, 2015. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known.

Note: The comment limit in open threads is 25 comments per person.

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About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.

66 comments:

  1. 1

    More Weasel Wording from the Banks on Bubble Growth in Housing

    Snippet:

    “…“Right now there is a real misperception of risk like new ‘nonprime’ as they call it subprime, outside of that pristine box of credit underwriting.”…”

    http://finance.yahoo.com/news/2015–year-of-subprime-comeback–184944768.html

    This Bubble is different?

  2. 2

    SWE’s Monthly Finance Report

    May 0.17% (0.26%) 1.29% 1.84% (0.42%)
    YTD 0.79% 1.13% 3.26% 5.71% 9.59%
    Last 12 mo 2.11% 3.57% 11.89% 12.07% (0.21%)

    In order: long-term savings [like CDs], long-term bonds, American Stocks, foreign stocks, foreign stocks. Snippet:

    “…And while the Dow has reached six record-high closes so far this year, the Dow Jones Transportation Average DJT, -1.51% hasn’t hit a record high since Dec. 29, and closed at a seven-month low as recently as May 29. The century-old Dow Theory of market analysis suggests the Dow transports must confirm the movement of the Dow industrials for a market trend to have staying power, according to S&P Dow Jones Indices….”

    http://www.marketwatch.com/story/why-you-should-care-that-robert-prechter-is-warning-of-a-sharp-collapse-in-stocks-2015-06-08?siteid=yhoof2

    We’ll see if this bear prediction carries weight, the Q2 is almost over, so we’re running out of time for a correction.

  3. 3
  4. 4
    Blake says:

    tick tick tick… The China bubble is insane!

    http://soberlook.com/2015/06/unprecedented-levels-of-activity-in.html?curator=thereformedbroker&utm_source=thereformedbroker&m=1

    I just love the photo of the street fruit vendor watching the stock quotes! They’ve got every yokel in China buying penny stocks now!

  5. 5
    Blake says:

    By pfft @ 3:

    Clear recovery in retail sales.

    http://1.bp.blogspot.com/-5td6T04agbA/VVNGD6AQXrI/AAAAAAAAjfk/JPbyK5wuHQM/s1600/RetailApr2015.PNG

    Pfft, I didn’t think retail sales were out yet! Oh the May figures are not… but April was flat – 0%!
    0% growth is a “clear recovery” in your book?
    Yes, the May figures may show gorwth in retail sales again, but I think you should wait for the report and then post it saying “clear recovery in retail sales!” Yup, up one month in the last 5! ;-)

  6. 6
    pfft says:

    By Blake @ 5:

    By pfft @ 3:

    Clear recovery in retail sales.

    http://1.bp.blogspot.com/-5td6T04agbA/VVNGD6AQXrI/AAAAAAAAjfk/JPbyK5wuHQM/s1600/RetailApr2015.PNG

    Pfft, I didn’t think retail sales were out yet! Oh the May figures are not… but April was flat – 0%!
    0% growth is a “clear recovery” in your book?
    Yes, the May figures may show gorwth in retail sales again, but I think you should wait for the report and then post it saying “clear recovery in retail sales!” Yup, up one month in the last 5! ;-)

    I am referring to the post were I updated my signs of recovery charts years ago.

  7. 7
    Blurtman says:

    RE: Blake @ 4 – It’s Death Race 2015!

  8. 8
    Blurtman says:

    I am waiting for my 3,000 sq. ft. craftsman style home Zillow says is worth $700k to hit a million. With the right staging, I would try to get that now. I would beat the agent until we got it with Adrian Petersen brand switches. With the dollars in hand, I will buy a wide lapel suit, a silk shirt, gold chains, and platforms, and white brimmed derby, and make like the Doo Da man, or perhaps a gentleman Montana marijuana farmer.

  9. 9

    RE: Blurtman @ 8
    Sounds Like a Pimp

    LOL….a real estate Pimp…

  10. 10

    RE: softwarengineer @ 2
    Yesterday’s Update on the Bear Stock Market Possibility:

    14.7385 +0.0024 +0.83%
    16.7854 +0.0232 -0.10%
    27.6923 -0.1758 +1.94%
    38.3037 -0.2772 +5.53%
    26.0606 -0.0245 +7.61%

    You can see all stock funds are “negative” for 2015, and YTD gains are either negative for bonds or shrinking to a mere 1.6% (YOY equivalent) for a long term safer CD type account.

  11. 11

    RE: softwarengineer @ 10

    Stock Pull Back and Elimination of QE With Higher Interest Rates By September?

    Snippet:

    “…Some analysts say a 3 to 5 percent pullback is on the near-term horizon due to increased worry about the Federal Reserve actually raising rates, high equity valuations and investor complacency….After months of weaker data, Friday’s strong May jobs report and moderate improvement in other economic indicators strengthened the case for a short-term interest rate hike in September….”

    http://finance.yahoo.com/news/stock-pullback-coming-summer-analysts-131841798.html#

    IOWs and IMO we’re perhaps out of money for more QEs, the beer party is over?

  12. 12
  13. 13
    redmondjp says:

    By pfft @ 12:

    Obama’s Top 50 Accomplishments
    http://www.washingtonmonthly.com/magazine/march_april_2012/features/obamas_top_50_accomplishments035755.php?page=all

    Seriously, how much is George Soros paying you to post this drivel every month?

  14. 14

    By Blurtman @ 8:

    I am waiting for my 3,000 sq. ft. craftsman style home Zillow says is worth $700k to hit a million. With the right staging, I would try to get that now. I would beat the agent until we got it with Adrian Petersen brand switches. With the dollars in hand, I will buy a wide lapel suit, a silk shirt, gold chains, and platforms, and white brimmed derby, and make like the Doo Da man, or perhaps a gentleman Montana marijuana farmer.

    Movin to Montana soon, gonna be a dental floss tycoon?

  15. 15

    More On the Possible Interest Rate Hike This Summer

    Snippet:

    “…The summer that year began with a slow, methodical rise in actual rates. Yet the Fed did not raise the discount rate, even though actual rates suggested otherwise. The fall of 1987 arrived with the stock market having hit an all-time high in late August, unfazed by this unsettled condition.

    As it happened, the Federal Reserve was literally forced to raise interest rates. Policymakers were behind the curve severely, just as the Fed is now. The 1987 rising-rate action caused stock prices to tumble more than 30% within two months, including a sharp 20% selloff in October — still among the Dow Jones Industrial Average’s DJIA, +0.79% worst one-day percentage declines ever….”

    http://www.marketwatch.com/story/get-ready-for-a-4000-point-dow-drop-2015-06-10?siteid=yhoof2

    Its an Opinion News Story….but aren’t they all?

  16. 16

    RE: pfft @ 12
    Obama’s Accomplishments: Lay Off Engineers in Mass

    Snippet:

    “…34. Began Post-Post-9/11 Military Builddown: After winning agreement from congressional Republicans and Democrats in summer 2011 budget deal to reduce projected defense spending by $450 billion, proposed new DoD budget this year with cuts of that size and a new national defense strategy that would shrink ground forces from 570,000 to 490,000 over the next ten years while increasing programs in intelligence gathering and cyberwarfare.

    35. Let Space Shuttle Die and Killed Planned Moon Mission: Allowed the expensive ($1 billion per launch), badly designed, dangerous shuttle program to make its final launch on July 8, 2011. Cut off funding for even more bloated and problem-plagued Bush-era Constellation program to build moon base in favor of support for private-sector low-earth orbit ventures, research on new rocket technologies for long-distance manned flight missions, and unmanned space exploration, including the largest interplanetary rover ever launched, which will investigate Mars’s potential to support life….”

    The NASA lay offs were huge on engineers and rocket scientists and now its the 1M engineers at DOD in the cross hairs…accomplishments alright. Add in Detroit’s 250K butcher ax of engineers and techs in 2007 during Obama’s term and what shortage of technicals in America? Its all fairy tale.

  17. 17
  18. 18

    RE: Kary L. Krismer @ 17
    LOL Kary

    Yes, engineers are on the cross hairs….

  19. 19
    pfft says:

    By redmondjp @ 13:

    By pfft @ 12:

    Obama’s Top 50 Accomplishments
    http://www.washingtonmonthly.com/magazine/march_april_2012/features/obamas_top_50_accomplishments035755.php?page=all

    Seriously, how much is George Soros paying you to post this drivel every month?

    lol. it’s been awhile since someone took that angle. Obama has been an above average president. those are the facts. if you don’t like it too bad. in my lifetime he is by far the best president. he’s a lot better than clinton in my opinion. I think Clinton is a little overrated. better than Reagan, Bush, Clinton and W. In my opinion Carter is very underrated.

  20. 20
    pfft says:

    By softwarengineer @ 15:

    More On the Possible Interest Rate Hike This Summer

    Snippet:

    “…The summer that year began with a slow, methodical rise in actual rates. Yet the Fed did not raise the discount rate, even though actual rates suggested otherwise. The fall of 1987 arrived with the stock market having hit an all-time high in late August, unfazed by this unsettled condition.

    As it happened, the Federal Reserve was literally forced to raise interest rates. Policymakers were behind the curve severely, just as the Fed is now. The 1987 rising-rate action caused stock prices to tumble more than 30% within two months, including a sharp 20% selloff in October — still among the Dow Jones Industrial Average’s DJIA, +0.79% worst one-day percentage declines ever….”

    http://www.marketwatch.com/story/get-ready-for-a-4000-point-dow-drop-2015-06-10?siteid=yhoof2

    Its an Opinion News Story….but aren’t they all?

    the Fed is not behind the curve. we are still not fully out of the great recession. some secondary employment numbers need to be better. If the Fed were behind the economy would be overheating and inflation would be higher. inflation is below the Feds target of 2%.

  21. 21
    Blurtman says:

    Seven years later and we are still not out of the great recession.

    The world’s financial system is so incredibly fragile that we can’t jail banksters.

    The Coke and Pepsi parties’ presidential candidates are Wall Street approved.

    Hoo boy, ain’t life grand?

  22. 22
    redmondjp says:

    I suspect The Tim is already busy working on a post about Xome, but here’s yesterday’s article from Geekwire:

    http://www.geekwire.com/2015/xome-launches-new-online-home-buying-site-in-zillow-and-redfins-backyard/

  23. 23
    pfft says:

    By Blurtman @ 21:

    The Coke and Pepsi parties’ presidential candidates are Wall Street approved.

    Hoo boy, ain’t life grand?

    you couldn’t be more wrong. the parties have NEVER been this far apart in decades. Did you not see the DW-nominate scores I posted? if you elect a republican Dodd-Frank will be gone. If you elect a Democrat it will stay. hillary supports Dodd-Frank. Wall Street doesn’t support Democrats nearly as much because of banking reform.

  24. 24
    Blurtman says:

    But the private consensus is similar to what Goldman Sachs CEO Lloyd Blankfein said to POLITICO late last year when he praised both Christie — before the bridge scandal — and Clinton. “I very much was supportive of Hillary Clinton the last go-round,” he said. “I held fundraisers for her.”

    People close to Blankfein say the same calculus applies to a Jeb Bush-Hillary Clinton race as it would to a Christie-Clinton contest. “Those would be two very good choices and we’d be perfectly happy with them,” a person close to Blankfein said. Blankfein is a self-described Democrat, but his comments about Christie and Clinton reflect the ambidextrous political approach that many Republicans and Democrats on Wall Street take.

    Read more: http://www.politico.com/story/2014/04/wall-street-republicans-hillary-clinton-2016-106070.html#ixzz3cgfDq8T4

  25. 25
    pfft says:

    By Blurtman @ 24:

    But the private consensus is similar to what Goldman Sachs CEO Lloyd Blankfein said to POLITICO late last year when he praised both Christie — before the bridge scandal — and Clinton. “I very much was supportive of Hillary Clinton the last go-round,” he said. “I held fundraisers for her.”

    People close to Blankfein say the same calculus applies to a Jeb Bush-Hillary Clinton race as it would to a Christie-Clinton contest. “Those would be two very good choices and we’d be perfectly happy with them,” a person close to Blankfein said. Blankfein is a self-described Democrat, but his comments about Christie and Clinton reflect the ambidextrous political approach that many Republicans and Democrats on Wall Street take.

    Read more: http://www.politico.com/story/2014/04/wall-street-republicans-hillary-clinton-2016-106070.html#ixzz3cgfDq8T4

    Will she repeal of Dodd-Frank? NO! that is good enough for me. I’d be ok with Hillary and Jeb. I would never vote for Jeb in a million years but all the other republican candidates are clowns.

    Hillary Clinton Won’t Weaken Dodd-Frank as President (and Frank Agrees)
    http://www.dailykos.com/story/2015/03/29/1374175/-Hillary-Clinton-Won-t-Weaken-Dodd-Frank-as-President-and-Frank-Agrees#

  26. 26

    RE: pfft @ 25 – And if there’s one thing for certain, you can take a Clinton at their word. ;-)

  27. 27
    pfft says:

    Obama’s two biggest blunders/unforced errors.

    1. the sequester during a great recession

    2. failing to get a climate change bill.

    The TPP is an unforced error but not to the same scale as the above.

  28. 28
    Blake says:

    By pfft @ 27:

    Obama’s two biggest blunders/unforced errors.
    1. the sequester during a great recession
    2. failing to get a climate change bill.
    The TPP is an unforced error but not to the same scale as the above.

    Nope…. Obama’s biggest error… telling the American people that no laws were broken by the banks and then not prosecuting ONE SINGLE CEO! Even Bush I and Bush II prosecuted their bankster friends!??
    “Iceland put bankers in jail rather than bailing them out — and it worked”
    http://www.vox.com/2015/6/9/8751267/iceland-capital-controls

    He also should have STARTED his first term by going after Wall Street – very popular! – and not going for health insurance reform – which devastated the Democratic party in the ’10 elections and did lasting damage to anything else he wanted to accomplish! (It’s hard to recall that he came in with majorities in BOTH the Senate and House!)

  29. 29
    Blurtman says:

    RE: Blake @ 28 – Yes, he is not unintelligent, so he knew crimes were committed, but he said the opposite time and time again. It was only massive fraud, blown up 401k’s, unemployment and home repossessions after all. It wasn’t like Obama was covering up the Love Canal.

  30. 30
    DrRick says:

    RE: pfft @ 25
    Her husband repealed Glass-Steagall.

  31. 31
    pfft says:

    By DrRick @ 30:

    RE: pfft @ 25
    Her husband repealed Glass-Steagall.

    so?

  32. 32
    pfft says:

    By Blake @ 28:

    By pfft @ 27:

    Obama’s two biggest blunders/unforced errors.
    1. the sequester during a great recession
    2. failing to get a climate change bill.
    The TPP is an unforced error but not to the same scale as the above.

    Nope…. Obama’s biggest error… telling the American people that no laws were broken by the banks and then not prosecuting ONE SINGLE CEO!

    no, you need to see the larger perspective. Not getting a climate change bill will do more damage that not prosecuting wall street. the sequester hurt the economy and jobs as well.

  33. 33
    Blurtman says:

    Unless you think the growth of ISIS and the creation of a helter-skelter environment in Libya were by design, you’d have to say that Team Obama was not entirely incompetent.

  34. 34
    Blurtman says:

    Ditto the bungled toppling of Yanukovych. That started the whole decline.

  35. 35

    You’ve Probably Heard of Zombie 0% Interest Rates for Savings [Like Japan]

    How about zombie foreclosures?

    http://www.marketwatch.com/story/zombie-foreclosures-climb-in-la-area-other-major-cities-2015-06-11?siteid=yhoof2

  36. 36
  37. 37
    redmondjp says:

    By Jack @ 35:

    http://www.seattletimes.com/seattle-news/data/seattle-no-1-for-techies-looking-to-flee-california/

    Comments on this?

    The rule about California Equity Locusts, is that you don’t talk about California Equity Locusts. Especially if you are one.

  38. 38
    pfft says:

    By Blurtman @ 32:

    Unless you think the growth of ISIS and the creation of a helter-skelter environment in Libya were by design, you’d have to say that Team Obama was not entirely incompetent.

    LIbya is better off now than before. Iraq is not Obama’s fault.

  39. 39

    By pfft @ 37:

    By Blurtman @ 32:

    Unless you think the growth of ISIS and the creation of a helter-skelter environment in Libya were by design, you’d have to say that Team Obama was not entirely incompetent.

    LIbya is better off now than before. Iraq is not Obama’s fault.

    You really are an Obamabot.

    But maybe you’re right. If Obama had been President in from 1945 to 1955 we probably wouldn’t have any concerns about North Korea taking over South Korea or Russia taking over Europe, because it would have already happened a long time ago since he would have pulled all the troops out of those countries too!

  40. 40
    pfft says:

    By Kary L. Krismer @ 38:

    By pfft @ 37:

    By Blurtman @ 32:

    Unless you think the growth of ISIS and the creation of a helter-skelter environment in Libya were by design, you’d have to say that Team Obama was not entirely incompetent.

    LIbya is better off now than before. Iraq is not Obama’s fault.

    You really are an Obamabot.

    you’re just an obama hater. I’ve always voiced my concerns when I though obama wasn’t doing a good job. I even did it a few replies above. you on the other hand have never voiced one single endorsement of obama. it’s ok, you have obama derangement syndrome.

    Obama intervened while Libya was killing and bombing it’s own citizens. Obama was not and it not president of Iraq. Iraq’s problems are because it’s political system persecuted and does not support the Sunnis. No amount of US troops will change that political reality. How many times have we “won” Iraq and turned the country over to the Iraqis? 3 times?

  41. 41

    RE: pfft @ 39 – I have said I liked his early handling of the financial crisis, but after that he fell short and became a divider rather than ending the gridlock as he promised. Taking snide partisan shots at every opportunity is not the way to get things done as an executive, and he started that very early in his first term. So there really isn’t a lot of good to say. Am I supposed to be happy about the “jobless recovery,” lack of wage growth, that the entire middle east is falling apart, that he has alienated most of our allies and underestimated our enemies, or is it the lack of a push on immigration followed by illegal action after losing a landslide midterm? What am I supposed to be happy about?

    I understand you must be really perplexed though. You think his employment numbers are great, where most independents have been referring to our economy as suffering through a “jobless recovery” and complaining about lack of wage growth, too many part time jobs, etc.

  42. 42
    Blake says:

    By pfft @ 37:

    By Blurtman @ 32:

    Unless you think the growth of ISIS and the creation of a helter-skelter environment in Libya were by design, you’d have to say that Team Obama was not entirely incompetent.

    LIbya is better off now than before. Iraq is not Obama’s fault.

    WHAT!? >> “Libya is better off now than before.”
    Pfft you really are a complete ignoramous… Have you even read anything about the hell that Libya is today? OMG! Libya is not only devolving into civil war with hundreds of thousands of refugees fleeing into surrounding countries and the Mediterranean (!!), but it is also now a home base for ISIS! You sir are a frickin’ idiot… g-d I hate ignorant Americans.
    http://www.washingtoninstitute.org/policy-analysis/view/libya-as-a-failed-state-causes-consequences-options
    http://www.globalresearch.ca/libya-from-africas-richest-state-under-gaddafi-to-failed-state-after-nato-intervention/5408740
    http://fpif.org/four-years-after-gaddafi-libya-is-a-failed-state/
    http://www.economist.com/news/leaders/21638122-another-font-global-mayhem-emergingnot-helped-regional-meddling-and-western
    https://www.foreignaffairs.com/articles/libya/2015-02-16/obamas-libya-debacle
    -snip – In retrospect, Obama’s intervention in Libya was an abject failure, judged even by its own standards. Libya has not only failed to evolve into a democracy; it has devolved into a failed state. Violent deaths and other human rights abuses have increased severalfold. Rather than helping the United States combat terrorism, as Qaddafi did during his last decade in power, Libya now serves as a safe haven for militias affiliated with both al Qaeda and the Islamic State of Iraq and al-Sham (ISIS). The Libya intervention has harmed other U.S. interests as well: undermining nuclear nonproliferation, chilling Russian cooperation at the UN, and fueling Syria’s civil war.

  43. 43
    pfft says:

    By Kary L. Krismer @ 40:

    RE: pfft @ 39 – I have said I liked his early handling of the financial crisis, but after that he fell short and became a divider rather than ending the gridlock as he promised. Taking snide partisan shots at every opportunity is not the way to get things done as an executive, and he started that very early in his first term. So there really isn’t a lot of good to say. Am I supposed to be happy about the “jobless recovery,” lack of wage growth, that the entire middle east is falling apart, that he has alienated most of our allies and underestimated our enemies, or is it the lack of a push on immigration followed by illegal action after losing a landslide midterm? What am I supposed to be happy about?

    I understand you must be really perplexed though. You think his employment numbers are great, where most independents have been referring to our economy as suffering through a “jobless recovery” and complaining about lack of wage growth, too many part time jobs, etc.

    1. you need a willing partner to break the partisan divide. republicans did zero. nobody voted for the stimulus even though obama threw in almost $300 billion dollars of tax cut “sweeteners.” He negotiated for months with republicans on obamacare. his version of obamacare was a compromise. it was basically mitt romney’s plan. no, republicans meet around the time obama was inaugurated and said they would oppose everything. Mitch McConnel said their number one goal was to make him a one term president. Republicans are just very conservative right now and they can’t be seen as working with obama. most republicans voters basically want their elected officials to challenge obama’s policies, not work with him.

    “Am I supposed to be happy about the “jobless recovery,” lack of wage growth, that the entire middle east is falling apart, that he has alienated most of our allies and underestimated our enemies”

    The middle east is not falling apart. there are some countries that are having problems but they aren’t falling apart.

    how can 17 million jobs added be a jobless recovery? you honestly are so obama derangement syndrome on this it’s not even funny. that’s the 2nd most jobs created by a president EVER. all this during the great recession. republicans are actively working against the recovery instead of helping. if republicans helped on stimulus and infrastructure and at the state level we’d have 3-5 million more jobs.

    “What am I supposed to be happy about?”

    http://www.washingtonmonthly.com/magazine/march_april_2012/features/obamas_top_50_accomplishments035755.php?page=all

    “that he has alienated most of our allies”

    laughable. we are more popular in the world than we were under Bush. much more popular.

    how have we abandoned our allies? you’re making stuff up like the above with the allies.

    17 million jobs in a great recession!

  44. 44

    By pfft @ 41:

    The middle east is not falling apart. there are some countries that are having problems but they aren’t falling apart.

    People living in Yemen, Syria, Libya and Iraq would all like to say: Wow, pfft is an incredibly huge Obamabot.

  45. 45

    By pfft @ 41:

    “that he has alienated most of our allies”

    . . .
    how have we abandoned our allies? you’re making stuff up like the above with the allies.

    I said alienated, not abandoned, but in any event, the people in Germany and Israel would like to say: “Wow, pfft is an incredibly huge Obamabot.”

  46. 46
    redmondjp says:

    Getting back to REAL ESTATE, here is what is happening lately in Portland:

    http://www.oregonlive.com/business/index.ssf/2015/06/competitive_portland_housing_m.html#incart_river

    Amazing that their sold home median is only $313K. Pretty soon they will be complaining down there about Seattle Equity Locusts! If it wasn’t for that gawl-durned state income tax that they have . . .

  47. 47
    One Eyed Man says:

    RE: redmondjp @ 46

    How about going north to Vancouver BC where the median is twice that of Portland making it the 2nd most unaffordable city in the World! But that’s pretty second rate when you look at number 1.

    “The most unaffordable major city in the world is Hong Kong, with an average house price of $4,024,000 and median household income of $270,000.
    San Francisco-Oakland is the third most unaffordable city in the world, with an average house price of $705,000 and a median income of $76,300.”

    http://globalnews.ca/news/1098143/vancouvers-housing-prices-2nd-most-affordable-in-the-world/

    So how many families live in one house in Hong Kong if the median household income is 270K and the median home price is 4M. Even at 270K its the most unaffordable in the world at 15 times median household income. Or do they all run an off the books home business because the only way I could make 4M pencil is if its the House of the Rising Sun.

  48. 48

    RE: redmondjp @ 46 – It’s dangerous to compare median prices between different areas. The best example of that is Texas, where there high real estate taxes moderate prices because buyers need to take those payments into account, so it’s not really less expensive overall. But you might have other things going on that you don’t know about, such as a high percentage of distressed properties or even that a published number includes condos.

    I haven’t heard though of any tech companies moving in down there, so they very well might have less demand.

  49. 49
    pfft says:

    By Kary L. Krismer @ 44:

    By pfft @ 41:

    The middle east is not falling apart. there are some countries that are having problems but they aren’t falling apart.

    People living in Yemen, Syria, Libya and Iraq would all like to say: Wow, pfft is an incredibly huge Obamabot.

    “Wow, pfft is an incredibly huge Obamabot”

    you have obama derangement syndrome. you do nothing but criticize. you act like nothing bad has ever happened in the ME before because you lack historical perspective.

    We abandoned Iraq? That alone disqualifies you. are you even paying attention? We saved Libya from a tyrant. Consequently we are popular there. In no way, except for maybe Iraq could any of those countries be considered allies. I think of allies like France, Germany and Britain.

    Swing and a miss.

  50. 50
    pfft says:

    By Kary L. Krismer @ 45:

    By pfft @ 41:

    “that he has alienated most of our allies”

    . . .
    how have we abandoned our allies? you’re making stuff up like the above with the allies.

    I said alienated, not abandoned, but in any event, the people in Germany and Israel would like to say: “Wow, pfft is an incredibly huge Obamabot.”

    I don’t follow.

    Name 3 good things Obama has done and prove you don’t have obama derangement syndrome. I named 3 things I considered were obama mistakes and could probably name 5-10. obamabot. LOL. biggest lie ever.

  51. 51
    redmondjp says:

    By pfft @ 50:

    Name 3 good things Obama has done and prove you don’t have obama derangement syndrome. I named 3 things I considered were obama mistakes and could probably name 5-10. obamabot. LOL. biggest lie ever.

    Prove to me that George Soros is not paying you to post this blather. Try actually talking about real estate for a change. I read several blogs, and it seems that each one of them has somebody exactly like you, who posts nothing but propaganda. It gets really old. If I want propaganda, I watch the evening news.

    There is a place for your posts, and it’s called the “Politics & Economics Open Thread.”

  52. 52

    By pfft @ 49:

    We abandoned Iraq? That alone disqualifies you. are you even paying attention? We saved Libya from a tyrant. Consequently we are popular there. In no way, except for maybe Iraq could any of those countries be considered allies. I think of allies like France, Germany and Britain.

    Swing and a miss.

    You’re mixing up my allies and mid-east comments. I never said anyone in the middle east was an ally–but if I had the only country there I would have mentioned would be Israel, and maybe SA. So in the future, learn to read and don’t make absurd comments about things I didn’t say.

    And were you paying attention? We lead from behind on Libya. We’re not that popular there, particularly after the lack of any follow through. The idea that you can overthrow a tyrant and then just watch a good society develop is absurd, but that’s what the US and EU did in Libya.

  53. 53

    RE: rpfft @ 51
    1. First part of the financial crisis.
    2. Cuba.
    3. With some hesitation, willingness to allow the states to implement marijuana reform. The hesitation though is because that’s another area where Obama thinks he is above the law, so I feel very hypocritical liking it. The issue is though sort of a chicken and egg issue. It’s hard to get movement without change, and that’s why the failed war on drugs has lasted so long.,

    Note the first was just a carry through of something started under Bush. The second and third just things he implemented. His biggest failure is being able to work with Congress, even when Congress had a Democratic majority. Pretending he’s the first executive with a hostile legislative branch is just partisan nonsense and ignorant.

  54. 54
    Blurtman says:

    Who was president the last six plus years?

    “….Barack Obama, and …. Bill Clinton. They were and are two Democrats guided by the fundamental American belief that real and lasting prosperity must be built by all and shared by all.

    But, we all know we’re not yet running the way America should.
    You see corporations making record profits, with CEOs making record pay, but your paychecks have barely budged.
    While many of you are working multiple jobs to make ends meet, you see the top 25 hedge fund managers making more than all of America’s kindergarten teachers combined. And, often paying a lower tax rate.
    So, you have to wonder: “When does my hard work pay off? When does my family get ahead?”
    “When?””

    http://time.com/3920332/transcript-full-text-hillary-clinton-campaign-launch/

  55. 55
    pfft says:

    oh boy.

    Rich Californians balk at limits: ‘We’re not all equal when it comes to water’
    http://www.washingtonpost.com/national/rich-californians-youll-have-to-pry-the-hoses-from-our-cold-dead-hands/2015/06/13/fac6f998-0e39-11e5-9726-49d6fa26a8c6_story.html?hpid=z1

    Articles like these make me think of the “VIP” lady from one of rmoney’s fundraisers.

    A woman in a blue chiffon dress poked her head out of a black Range Rover here on Sunday afternoon and yelled to an aide to Mitt Romney. “Is there a V.I.P. entrance? We are V.I.P.”

    http://www.theatlantic.com/politics/archive/2012/07/the-best-quotes-from-guests-at-romneys-hamptons-fundraisers/259554/

  56. 56
    pfft says:

    By redmondjp @ 51:

    By pfft @ 50:

    Name 3 good things Obama has done and prove you don’t have obama derangement syndrome. I named 3 things I considered were obama mistakes and could probably name 5-10. obamabot. LOL. biggest lie ever.

    Prove to me that George Soros is not paying you to post this blather.

    blather. LOL. God forbid someone has a different opinion than you. you realize I am a democrat and might have a different opinion of stuff than say you do?

    everyone posts stuff here that isn’t necessarily RE.

    Does the Koch brothers pay you well?

  57. 57
    pfft says:

    By Kary L. Krismer @ 52:

    By pfft @ 49:

    We abandoned Iraq? That alone disqualifies you. are you even paying attention? We saved Libya from a tyrant. Consequently we are popular there. In no way, except for maybe Iraq could any of those countries be considered allies. I think of allies like France, Germany and Britain.

    Swing and a miss.

    You’re mixing up my allies and mid-east comments. I never said anyone in the middle east was an ally–but if I had the only country there I would have mentioned would be Israel, and maybe SA. So in the future, learn to read and don’t make absurd comments about things I didn’t say.

    And were you paying attention? We lead from behind on Libya. We’re not that popular there, particularly after the lack of any follow through. The idea that you can overthrow a tyrant and then just watch a good society develop is absurd, but that’s what the US and EU did in Libya.

    so now we nation-build in Libya too? geez.

    ” We lead from behind on Libya.”

    and got a much better result than Iraq.

    “We’re not that popular there, particularly after the lack of any follow through.”

    source please.

  58. 58
    pfft says:

    By Kary L. Krismer @ 53:

    RE: rpfft @ 51
    1. First part of the financial crisis.
    2. Cuba.
    3. With some hesitation, willingness to allow the states to implement marijuana reform. The hesitation though is because that’s another area where Obama thinks he is above the law, so I feel very hypocritical liking it. The issue is though sort of a chicken and egg issue. It’s hard to get movement without change, and that’s why the failed war on drugs has lasted so long.,

    Note the first was just a carry through of something started under Bush. The second and third just things he implemented. His biggest failure is being able to work with Congress, even when Congress had a Democratic majority. Pretending he’s the first executive with a hostile legislative branch is just partisan nonsense and ignorant.

    #1 is good but #2 and #3 don’t count. those are barely things that people will remember. I am going to need 2 more. I need big things. For example, I don’t support the TPP but it’s such a small issue in the scheme of things it doesn’t really count. I need big things.

    “Pretending he’s the first executive with a hostile legislative branch is just partisan nonsense and ignorant.”

    no president has faced so much filibustering. If republicans work with Obama they will get primaried. Republicans are as conservative as they’ve been in decades. If opposing Obama is what is going to get them re-elected at home that is what they will do no matter what leadership Obama shows.

  59. 59

    RE: pfft @ 57 – If you had any memory you would remember that we weren’t that popular in Libya even before the downfall of Gaddafi. While we started the airstrikes, we let others (primarily Nato) take over, and the rebels didn’t really appreciate that.

    http://www.bloomberg.com/news/articles/2011-04-05/nato-gets-blamed-as-libyan-rebels-flee-brega-assault-by-qaddafi-s-forces

    But hey, what a better thing to do than argue with an Obamabot over whether people in a country like us, when it happens to be the only country in many years where one of our ambassadors was murdered. Yeah, they love us there. I think maybe Tim should plan a Seattle Bubble getaway there, so we can all talk Seattle real estate. Should be nice–pfft said so.

  60. 60
    Blurtman says:

    Gas bag Hillary has no shame.

    The privileged life of Princess Chelsea. Pay no attention to the fact that most Americans can never have these opportunities.

    Lord Butler of Brockwell, the Master of University College, said: “Her record at Stanford shows that she is a very well-qualified and able student. The college is also pleased to extend its link with the Clinton family.”

    In 2003, Clinton joined the consulting firm McKinsey & Company in New York City.

    In the fall of 2006, she went to work for Avenue Capital Group, a global investment firm focusing on distressed securities and private equity.

    In 2010, she became Vice Chair of the Clinton Foundation.

    In November 2011, NBC announced that they hired Clinton as a special correspondent, paying her $600,000 per year. Clinton memorably interviewed the Geico Gecko in April 2013.

    Since 2011, she has also taken a dominant role at the family’s Bill, Hillary & Chelsea Clinton Foundation, and has had a seat on its board.

    https://en.wikipedia.org/wiki/Chelsea_Clinton

    And here is the hypocritical gas bag Hillary:

    “While many of you are working multiple jobs to make ends meet, you see the top 25 hedge fund managers making more than all of America’s kindergarten teachers combined. And, often paying a lower tax rate.

    So, you have to wonder: “When does my hard work pay off? When does my family get ahead?”

    Sorry, peasants, never.

  61. 61
    DrRick says:

    By pfft @ 31:

    By DrRick @ 30:

    RE: pfft @ 25
    Her husband repealed Glass-Steagall.

    so?

    “So”, are you kidding me?
    Do your own research . If you did so you would find that under Glass-Steagall many of the shenanigans that went on in ’08, which were directly due to the dismantling of the firewall between investment banks, savings banks and mortgage companies, would have been criminally prosecuted. Instead we get Obama wringing his hands on late night TV about how no crimes were committed.

    pfft, you really are the biggest troll imaginable, or else really need to get a clue.

    Fel.Temp.Reparatio.

  62. 62
    DrRick says:

    By redmondjp @ 51:

    By pfft @ 50:

    Name 3 good things Obama has done and prove you don’t have obama derangement syndrome. I named 3 things I considered were obama mistakes and could probably name 5-10. obamabot. LOL. biggest lie ever.

    Prove to me that George Soros is not paying you to post this blather. Try actually talking about real estate for a change. I read several blogs, and it seems that each one of them has somebody exactly like you, who posts nothing but propaganda. It gets really old. If I want propaganda, I watch the evening news.

    There is a place for your posts, and it’s called the “Politics & Economics Open Thread.”

    You’re right RJP
    Nice little Seattle Bubble we have going on in the market right now. I just read a good article about Zombie foreclosures but can’t remember where it was linked. If I am stepping on someone here, my apologies. We had a good discussion 6 months to 12 months ago about what would happen when these hit the market, or if they even existed. Granted, the article is LA area but points well taken.
    http://www.marketwatch.com/story/zombie-foreclosures-climb-in-la-area-other-major-cities-2015-06-11?siteid=yhoof2

    Fel Temp, baby, Fel Temp

  63. 63
    DrRick says:

    RE: Blurtman @ 60
    Blurty, One of the sad things,as I see it, it that she is probably a pretty good young woman. Certainly has less tarnish than mom right now.
    Oligarchy is as Oligarchy does, I suppose. Kinda like a box of chocolates.

    Fel Temp Reparatio

    PS What happened to “Obey?”

  64. 64

    RE: Blurtman @ 60 – Even though Hillary and Jeb are probably easily included in the top five of the least offensive candidates in the race, I really hope neither of them makes it through the primary. We don’t need another Clinton or Bush in the White House.

    What I find interesting is that if only one of them makes it through, whoever they run against will probably have an advantage. I think the anti-dynasty argument will be very persuasive with many people. So if they both make it through, each of them will be running against the only person they can beat–sort of like with Bush v. Gore in 2000, where each party chose very poorly.

  65. 65
    Blurtman says:

    By Kary L. Krismer @ 64:

    RE: Blurtman @ 60 – Even though Hillary and Jeb are probably easily included in the top five of the least offensive candidates in the race, I really hope neither of them makes it through the primary. We don’t need another Clinton or Bush in the White House.

    What I find interesting is that if only one of them makes it through, whoever they run against will probably have an advantage. I think the anti-dynasty argument will be very persuasive with many people. So if they both make it through, each of them will be running against the only person they can beat–sort of like with Bush v. Gore in 2000, where each party chose very poorly.

    What I find to be maddening is the insulting kabuki theater by these bad actors. At least please make sense. Hillary is against the widening gap between the 1% and 99% and says Obama is against it, but it is occurring on his watch. Hillary trots out her seamstress grandmother and the plight of Americans who are not getting ahead, while her daughter receives all of the special treatment of a 1% aristocrat. Clearly there are psychopaths who want to be president.

  66. 66

    By Blurtman @ 65:

    Hillary is against the widening gap between the 1% and 99% and says Obama is against it, but it is occurring on his watch.

    Two people can have the same goals, but get vastly different results. Using a real estate analogy, you can have two buyer’s agents that really want their clients to be able to buy a house, and have one frequently succeed and one repeatedly fail due to their own strengths and weaknesses.

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