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Apartment Bubble Inflating Fast
CNBC, by Diana Olick
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Original Article
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Posted By:chicodon, 10/18/2012 11:03:35 AM
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Housing construction numbers for September were “blowout” and “smashed consensus,” according to analysts who follow the sector. Single family starts rose 11 percent from August and are up nearly 43 percent from a year ago. This from the depths of the housing recession. Multi-family starts and permits, however, garnered a different headline: “Headline Risk as Data Cross 10-year Averages,” came the report from Cantor Fitzgerald. Building permits for multi-family buildings, which means five units or more, and which will be rental buildings, not condos, jumped 93.4 percent from a year ago to 323,000, which is above the 10-year average
Source name corrected by staff
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Comments:
Apartment construction has been booming for over a year now. I have friends in the business and they have been swamped.
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Reply 1 - Posted by:
starsNstripes, 10/18/2012 11:13:52 AM (No. 8942466)
Yep, just sold my house for a huge loss (thank you Barney Frank, Bill Clinton, and Freddie-Fannie) and have decided that I'll rent until I see a dramatic and positive change in direction for this country.
Given how hard it was to find a decent rental unit, I can only summize that there are a lot of people thinking just like me.
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Reply 2 - Posted by:
Highvoltage, 10/18/2012 11:22:52 AM (No. 8942506)
We're headed for a big bust in multi-unit housing. i.e. apartments. They are way overbuilt and overcharging for rent. When Romney wins and businesses start hiring, folks will begin to move back into homes leaving apartments in droves.
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Reply 3 - Posted by:
scurfie, 10/18/2012 11:33:38 AM (No. 8942554)
I agree #2 and reason is always the same. Why pay rent when you could be building equity by owning a home?
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Reply 4 - Posted by:
msjena, 10/18/2012 11:43:56 AM (No. 8942595)
As soon as housing prices start going up again, rents will fall. I suppose the builders figure they can always convert to condos.
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Reply 5 - Posted by:
devnull, 10/18/2012 1:21:29 PM (No. 8942899)
Agenda 21 - move people out of individual, owned properties and into communal housing....
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Below, you will find ...
Most Recent Articles posted by "chicodon"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "chicodon"
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The case of the phantom ballots:
an electoral whodunit
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Miami Herald, by Patricia Mazzei
Original Article
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Posted By: chicodon- 2/24/2013 1:06:22 PM
Post Reply
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The first phantom absentee ballot request hit the Miami-Dade elections website at 9:11 p.m. Saturday, July 7. The next one came at 9:14. Then 9:17. 9:22. 9:24. 9:25. Within 2½ weeks, 2,552 online requests arrived from voters who had not applied for absentee ballots. They streamed in much too quickly for real people to be filling them out. They originated from only a handful of Internet Protocol addresses. And they were not random. It had all the appearances of a political dirty trick, a high-tech effort by an unknown hacker to sway three key Aug. 14 primary elections,
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Panetta: Obama AWOL on
Night of Benghazi Attack
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Breitbart.com, by AWR Hawkins
Original Article
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Posted By: chicodon- 2/7/2013 3:47:16 PM
Post Reply
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While giving Senate testimony regarding Benghazi on Feb. 7, Sec. of Defense Leon Panetta said Obama was not present nor did he communicate with the Sec. of Defense during the Benghazi attack. Panetta was answering questions from Sen. Kelly Ayotte (R-NH) when he made it clear he had no communication with Obama outside the normal, "pre-scheduled" 5 p.m. meeting on September 11. When asked if Obama at least called to check in as the attack unfolded Panetta said "No." When asked if anyone from the White House called that night, Panetta said "No." According to Panetta, the President trusted that
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US colleges look to foreign students
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Associated Press, by Justin Pope
Original Article
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Posted By: chicodon- 11/12/2012 10:55:08 AM
Post Reply
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Ann Arbor, Mich. - Want to see how quickly the look and business model of American public universities are changing? Visit a place like Indiana University. Five years ago, there were 87 undergraduates from China on its idyllic, All-American campus in Bloomington. This year: 2,224. New figures out Monday show international enrollment at U.S. colleges and universities grew nearly 6 percent last year, driven by a 23-percent increase from China, even as total enrollment was leveling out. But perhaps more revealing is where much of the growth is concentrated: big, public land-grant colleges, notably in the Midwest.
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Face of US changing;
elections to look different
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Associated Press, by Nancy Benac & Connie Cass
Original Article
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Posted By: chicodon- 11/12/2012 9:35:23 AM
Post Reply
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Washington - It´s not just the economy, stupid. It´s the demographics - the changing face of America. The 2012 elections drove home trends that have been embedded in the fine print of birth and death rates, immigration statistics and census charts for years. America is rapidly getting more diverse, and, more gradually, so is its electorate. Nonwhites made up 28 percent of the electorate this year, compared with 20 percent in 2000. Much of that growth is coming from Hispanics. The trend has worked to the advantage of President Barack Obama two elections in a row now and is not lost on Republicans
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Argentina erupts over
Cristina Kirchner´s re-election
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Associated Press & Agence France-Presse, by Staff
Original Article
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Posted By: chicodon- 11/10/2012 11:31:23 AM
Post Reply
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Banging on pots, tens of thousands of demonstrators took to the streets of Argentina yesterday to protest against a possible third term for President Cristina Kirchner. "Yes to democracy, no to re-election" chanted the flag-waving demonstrators, who also took issue with rampant corruption and crime in the South American country. (Snip) She succeeded her husband, Nestor, who died of a heart attack in 2010. She is currently barred by the Argentine constitution from running for a third consecutive term in 2015, but her supporters in congress have been lobbying for a constitutional amendment.
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Funny business in Philly: GOP
officials booted, Black Panthers
return -- and Obama at polling
site?
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FoxNews.com, by Unlisted
Original Article
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Posted By: chicodon- 11/6/2012 12:54:24 PM
Post Reply
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A Pennsylvania judge is issuing an order to reinstate Republican election officials across Philadelphia who allegedly were ejected or refused entry by on-site Democratic voting chief judges, GOP officials tell Fox News. One Republican official claimed that "just under 70" Republican election officials were blocked from Philadelphia polling sites Tuesday morning by Democrats on site. One of them, the official claimed, "was shoved out of the polling place." "For this many inspectors to be ejected from polling places is rare, even for Philadelphia," the official told FoxNews.com. Further, one polling site in Philadelphia apparently had a mural of President Obama
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Pampered Princes Fling Gorilla Dust
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The New York Times, by Maureen Dowd
Original Article
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Posted By: chicodon- 10/21/2012 5:24:28 PM
Post Reply
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Even at a dinner dedicated to the Happy Warrior, the president seemed like the Unhappy Warrior. Barack Obama was elegant in white tie and got off some good gibes at the annual Al Smith charity banquet at the Waldorf-Astoria in Manhattan on Thursday. (SNIP) “President Obama and I are each very lucky to have one person who is always in our corner, someone who we can lean on, and someone who is a comforting presence,” Romney said. “Without whom, we wouldn’t be able to go another day. I have my beautiful wife Ann, he has Bill Clinton.”
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Apartment Bubble Inflating Fast
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CNBC, by Diana Olick
Original Article
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Posted By: chicodon- 10/18/2012 11:03:35 AM
Post Reply
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Housing construction numbers for September were “blowout” and “smashed consensus,” according to analysts who follow the sector. Single family starts rose 11 percent from August and are up nearly 43 percent from a year ago. This from the depths of the housing recession. Multi-family starts and permits, however, garnered a different headline: “Headline Risk as Data Cross 10-year Averages,” came the report from Cantor Fitzgerald. Building permits for multi-family buildings, which means five units or more, and which will be rental buildings, not condos, jumped 93.4 percent from a year ago to 323,000, which is above the 10-year average
Source name corrected by staff
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Obama makes room for ‘The View’
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The Washington Post, by Dana Milbank
Original Article
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Posted By: chicodon- 9/25/2012 10:18:58 AM
Post Reply
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As heads of government arrived in New York on Monday to attend the opening of the United Nations General Assembly, President Obama also made his way to Manhattan but to see a different group of world leaders: Barbara, Elisabeth, Joy, Sherri and Whoopi. (snip) But Mitt Romney isn’t in an ideal position to press Obama on his priorities. This is because the Republican presidential nominee and his wife, Ann, just spent some quality time on the set of “Live! With Kelly and Michael,” where they discussed, among other things, Snooki, peanut butter and chocolate milk, their toothpaste-squeezing techniques, Romney’s singing
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Most Active Articles (last 48 hours)
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Mark Levin: ‘Fascist’ GOP
congressman is trying to
have his show pulled off air
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Daily Caller, by Jeff Poor
Original Article
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Posted By: KarenJ1- 4/14/2013 9:22:21 AM
Post Reply
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On his Friday show, syndicated talk show host Mark Levin said that a Republican congressman is attempting to persuade one of his affiliates to remove his show from the airwaves. Although Levin would not offer the congressman’s name on air, he has been a vocal critic of various members of the House Republican leadership in the past. But Levin called the situation “fascism.” “Well, it has come to my attention that there is a Republican congressman out there who doesn’t like what I’ve been saying,” Levin said. “It has come to my attention that there is a
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The Golf World Is Outraged That
Tiger Woods Didn´t Get Disqualified
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Business Insider, by Tony Manfred
Original Article
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Posted By: SoCalGal- 4/13/2013 1:56:27 PM
Post Reply
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Pro golfers, golf writers, and TV commentators are up in arms that Tiger Woods was only given a 2-stroke penalty for his illegal drop on the 15th hole yesterday. Tiger said last night that he dropped his ball two yards behind his previous spot, clearly violating the rule that you must drop "as nearly as possible" to your original spot. Golf people are not happy about it. They say that the new rule is B.S. (or it´s at least being misinterpreted), and Tiger should DQ himself to save the integrity of the game.
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Tip Line: Did Your Editor Spike
Kermit Gosnell Coverage?
Report It Here Anonymously
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PJ Media, by Staff
Original Article
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Posted By: Dreadnought- 4/13/2013 11:58:10 PM
Post Reply
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Few Americans can not answer this question: who is the worst domestic mass murderer in United States’ history? Due to the United States media, most are aware that Timothy McVeigh slaughtered 168 people with a bomb in 1995. Most Americans also know the names of our three most monstrous serial killers: “The Green River Killer” Gary Ridgeway, Ted Bundy, John Wayne Gacy. The U.S. media is again responsible for the general awareness of these men; these stories deserved — and received — national attention due to our common interest in personal safety, the rule of law
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From Dehumanizing Word
Games to Gosnell
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National Review Online, by Andrew C. McCarthy
Original Article
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Posted By: StormCnter- 4/13/2013 6:07:01 AM
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In Philadelphia, at a human abattoir on Lancaster Avenue, is where it ends, not where it starts. It starts with the perversion of language. It starts when the icons of a dissipated culture reduce a baby to a “fetus.” From there, Yeats’s blood-dimmed tide rolls rapidly in. Before long, a baby is not a person but a punishment, as President Barack Obama framed the matter in his familiar off-the-cuff iciness. Of course, to describe newborn children in their boundless possibilities and wonder would be to acknowledge, foremost, their humanity. That is why, instead, abortion enthusiasts must grope for words
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Why Aren’t More People
Repelled by the Left?
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Power Line, by John Hinderaker
Original Article
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Posted By: StormCnter- 4/14/2013 6:12:20 AM
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Here is something I don’t understand: liberals are often revealed as vile, vulgar hatemongers–not all of them, of course, but far too many–yet they never seem to pay a penalty at the polls. Why is that? Margaret Thatcher’s death has been the latest occasion for the Left to show its true stripes. All across the U.K., there have been demonstrations–vulgar at best, and violent at worst. In Bristol, lefties celebrating a Thatcher “death street party” started fires, destroyed property and battled police: This evening in Trafalgar Square, liberals have turned out for a long-planned celebration of Thatcher’s death:
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The Decline of Obama
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Weekly Standard, by Fred Barnes
Original Article
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Posted By: StormCnter- 4/13/2013 5:13:17 AM
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With President Obama, there’s always a catch. In the 2014 budget he announced last week, Obama proposed a more accurate way of calculating the inflation rate for annual cost-of-living increases in Social Security. It’s a technical change in pursuit of honesty and good government. And if adopted, it would cause benefits to grow more slowly, though almost imperceptibly so. Republican leaders in Congress ought to be delighted since they had “championed”—Obama’s word—the idea in the first place. Then came the catch. The president’s price for adopting this gentle reform was hundreds of billions in new tax increases.
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1,500 Page Immigration Bill to Drop
One Day Before Only Hearing?
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Breitbart Big Government, by Matthew Boyle
Original Article
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Posted By: JoniTx- 4/13/2013 4:29:08 PM
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According to an ABC News report, senators from the bipartisan “Gang of Eight” pushing immigration reform are expected to drop their bill, estimated at around 1,500 pages, on Tuesday, mere hours before the only scheduled Senate hearing on the topic. “A bipartisan group of senators plans to introduce its long-awaited immigration bill on Tuesday, Senate sources confirmed to ABC News,” Jim Avila and Jordan Fabian wrote on Friday. “Four Democrats and four Republicans, known as the ´Gang of Eight,´ wrapped up months of hard-fought negotiations this week and will put forth a bill that includes a pathway
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Exclusive: Newtown shooter
Adam Lanza taunted and beaten
by fellow students when he
attended Sandy Hook Elementary
School, relative reveals
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New York Daily News, by Matthew Lysiak & Larry Mcshane
Original Article
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Posted By: JoniTx- 4/14/2013 10:33:17 AM
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Newtown killer Adam Lanza’s mother considered suing Sandy Hook Elementary School after teachers turned a blind eye to beatings from his classmates, a family member claims. The relative, speaking to the Daily News, claimed that mass murderer Lanza was taunted and attacked by fellow students at his childhood alma mater. “Nancy felt fiercely protective of him,” the relative said. “She was convinced the school wasn’t doing enough to protect Adam. It made her irate.” Nancy Lanza — gunned down by her 20-year-son to start his Dec. 14 rampage — even tagged along with Adam to school
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Rubio Offers Full-Throated
Support for Immigration Bill
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New York Times, by Brian Knowlton
Original Article
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Posted By: LittleHoodedMonk- 4/14/2013 5:33:09 PM
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The impending introduction of legislation to overhaul the country’s badly strained immigration system received an extraordinary endorsement on Sunday from Senator Marco Rubio, Republican of Florida, who, after holding back for weeks, appeared on no fewer than seven television talk shows to explain and defend a plan that he said would be “a net positive for the country, now and in the future.” It was a striking show of confidence from Mr. Rubio, one of eight members of a bipartisan Senate group that has been crafting a plan to provide a path to legal status for undocumented immigrants;
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Senate plan would make clogging
left lane a ticketable offense
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Tampa Tribune, by Bill Cotterell
Original Article
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Posted By: Hazymac- 4/13/2013 11:04:13 AM
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TALLAHASSEE - Picture this: You´re in the left lane of the interstate, driving a little below the speed limit, when some guy zips up behind you and swerves past you on the right. Then you notice the blue lights flashing. You´re savoring the satisfaction of seeing a trooper actually nab an aggressive driver — until you realize it´s you he´s pulling over. This could happen, if not very often, under a major transportation package expected to be taken up in the Senate Appropriations Committee next week. Introduced by Sen. Jeff Brandes, a St. Petersburg Republican, the bill is a 173-page
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Obama’s plan hatched
at Columbia University
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Human Events, by Wayne Root
Original Article
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Posted By: EnsignO- 4/14/2013 12:55:47 PM
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President Obama and I were college classmate at Columbia University, class of ’83. I know all too well how mindlessly liberal the students and faculty of that institution can be, and Barack Obama is certainly no exception. My time at Columbia made it crystal clear: liberals always believe they are morally superior. [Snip] It is in this cesspool of intolerance that Obama and his Marxist cronies hatched a secret plan to destroy our country. There are two things you need to know about Obama at Columbia University. First, he was Pre Law and a Political Science major- just like me.
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