patrick.net

ToT, usually people who get stoned are relaxed and in a good mood. They laugh easily even at themselves. You may want to question your dealer about his supply. Something isn't right.

This is a repeat of Colbert being invited to the Bush white house correspondent's dinner.

He started roasting sacred cows, they started squirming. They weren't going to repeat the other mistake with Colbert of letting him finish.

simchaland says

ToT, usually people who get stoned are relaxed and in a good mood. They laugh easily even at themselves. You may want to question your dealer about his supply. Something isn’t right.

What you never heard of Mean Green?

thunderlips11 says

I don’t get it. Mississippi and Arkansas have among the lowest taxes, lowest wages, and the weakest business regulations in the nation.
How come all the Fortune 500 companies aren’t relocating there?

Maybe they have figured out that tornadoes are attracted to trailer parks and plastic pink flamingos on the lawn.

shrekgrinch says

And ALL currency pairs are compared to the dollar exchanges, because why should anyone pay more for a currency pair trade than the traditional dollar one?

BS go learn how forex works.

Truthplease says

Reagan kicked some ass! He brought down the USSR.

yeah, right, and Gore invented Internet.

article came out a few days ago that apple has enough cash to buy all the makers of mobile devices except for samsung.

michaelsch says

Truthplease says

Reagan kicked some ass! He brought down the USSR.

yeah, right, and Gore invented Internet.

You can't argue that Reagan's strategy brought down the USSR. It was an obvious success. Reaganomics however... probably assumed that businessmen cared more about the people in this country than their profits.

The Soviet Union fell because it had an economic system that could not be sustained.

Correct, Reagan's strategy worked.

The Soviet Union fell because it had an economic system that could not be sustained.

Correct, Reagan's strategy worked.

Giving credit to someone acting like an arrogant bully is absurd.

Incorrect, the man wasn't arrogant. If he was arragont we would have deployed our fully military might into Lebanon.

You obviously are anti-Reagan because this fact is a slow pitch softball.

1950's Korean war U.S. 36K deaths (wiki), created a split nation.
1960's early 70's Vietnam war U.S. 58K (wiki), deaths for what purpose?
1980's Cold War with no open engagement or open warfare. Defeat of a communist regime; priceless!

You can "win" a knife fight if you live a little longer than the other guy. BFD!

I guess we have been on life support for 20 years. BFD!

shrekgrinch says

You mean the one where you live in a total fantasy devoid of actual reality?

Actual reality? That's redundant, repetitive, and it says the same thing over & over.

Nothing more to see here - move along, now...

elliemae says

shrekgrinch says

You mean the one where you live in a total fantasy devoid of actual reality?

Actual reality? That’s redundant, repetitive, and it says the same thing over & over.
Eschew Obfuscation

Elliemae, you've pretty much summed up all of his posts.

The only two Republicans that I would consider are Ron Paul or Newt and neither is getting much of attention from the Republican party. Republicans lately like to talk about conservative American values, but they don't vote for candidates that actually are conservative.

There's so much polarity and hatred from both sides that I would vote for snoopy if he ran. Whatever happened to Bill the Cat from the Meadow Party?

Now that was a candidate not afraid to be seen with hookers while driving drunk really fast.

Meadowcratic candidate:

Bill the Cat (link to large pic)

Bill had the kind of class rarely seen in the latest candidates. And he came with an IT professional (banana junior computer), a sleezy lawyer, a visionary (cutter john & his gang) and hairballs galore.

I'm writing his ass in this time around.

I am also getting that impression, espically if Greece defaults.

Welcome Brazilians after Chinese and Indians. Who else?

“It’s actually very cheap in Miami compared to here.”

He's investing. Let him go.

bubblesitter says

Welcome Brazilians after Chinese and Indians. Who else?

Russians obviously. Familiar with BRIC?

klarek says

Familiar with BRIC?

That will do it.

In the Miami area, Brazilians bought 9 percent of homes and apartments sold to international buyers in the 12 months through March 2010, behind only Canadians and Venezuelans, according to the Miami Association of Realtors. Since then, “anecdotal evidence certainly points to a significant increase,” said Lynda Fernandez, a spokeswoman for the group. In May, international clients bought about 60 percent of existing houses and condos and 90 percent of newly built homes, the association reported today.

International buyers are buying 60% of existing housing and 90% of newly built housing in the Miami area? That sounds quite high, to the point of unbelievable, especially considering how few used house salesmen actually deal with larger numbers of international buyers typically. I'm assuming the Venezuelans are trying to get their money out of Venezuela in case shit hits the fan there with the regime.

This sounds similar to the reports we've seen before, however, where it was claimed 50-75% of sales in Miami condo buildings were going to be to foreigners: http://therealdeal.com/newyork/articles/international-buyers-prop-up-market-in-miami

Still, you have to wonder about those numbers, as this guy said he sold 80% of his condos in one development to Americans, and 8 out of 10 condos (in a building with 42 total condos) to foreigners for another development:
http://www.miamitodaynews.com/news/110407/story1.shtml

In any case, foreigners buying any 3rd/4th rate asset they can get their hands on is generally the definition of a bubble. Think Iceland, where fishermen were buying 3rd rate businesses here in the US during their bubble.

Apparently it will take 2.5 years at the current sales pace to work through REO and other distressed inventory:

http://www.miamiherald.com/2011/05/26/2236028/pace-of-foreclosure-sales-picks.html

Even with sales back on the rise, it will take years for buyers to buy up the large inventory of distressed and soon-to-be-distressed homes, said Daren Blomquist, spokesman for RealtyTrac.

“Right now, at the current sales pace in Florida, it’s going to be about 2 1/2 years to get through the properties that the banks own and the properties that are in foreclosure,” he said.

I read about it or saw on HGTV(not that I think it is true) that rich Israelis were into investing in those beach front condos, this was a couple of years back. Now they are under water already.

Waterfront Condos in Miami and Miami Beach can be had pretty cheaply. I rent in a $900 1.5 Bedroom a block from the beach with a pool with multiple restaurants, shops, and supermarkets literally across the street. Try getting any warm, waterfront location on the West Coast for that kind of money.

Those $300-500k are in brand new buildings. You can have beachfront for 1/3 of that. Not in the heart of SoBe, but if you're not a twentysomething club kid, fashion model, or DJ, it's too much for you anyway.

Downside: Must learn Spanish. Not a dry heat by any means. You will probably have to update the property, as many Condos haven't been updated as the late Grandpa Moishe brought it in 1978; I've seen thick shag lime green carpet. Cockroaches are inescapable, no matter how clean you are, you will see one occasionally. Cats like their meaty, crunchy taste.

Hazards: Be sure to check the neighborhood. Be wary of the word "Waterfront" which usually means a 30 minutes in heavy traffic from the beach as the car drives, and that you are on an artificial lake. Once you get more than a mile from the water, the temperature is unbearable in summer, if you are under 60 years old. Stay away from 55+ buildings. Miami Condo Associations are far less irksome than ones you find on the West Coast or in the Northeast. People just want the building maintained, and the high level of absentee ownership seems to retard the process of Condo Association Nazification.

wormwood says

You sound like a desperate lady.

He called you a "lady." He obviously respects you and wants you in the worst way (sober, with the lights on). ;)

I'm sorry - but you must admit, a person with the name "worm" in their moniker calling you a "lady" is - well, special. Even if it made you vomit.

obviously I didn't read a book on how to properly use a computer... somehow or another I duplicated a post without a reply.

I can't get away from this APOCALYPSE**** and his potty mouth! Moderator/admin can we ban this vulgar loudmouth?

I'd also like the adendum to the law being made that FTHB are given preference over investors. self proclaimed investors in this case, or better be known as used car salesmen, are really just flippers who only tie up more of our finances in useless brick and mortar by driving prices artifically up, slowing down the economy.

I know a lot of them got burned when they bought stuff in our neighborhood and prices declined another 20% while they were trying to make a profit. They are still disgusting middle men.

jhof says

I can’t get away from this APOCALYPSE**** and his potty mouth! Moderator/admin can we ban this vulgar loudmouth?

Apocalypse is just keeping it real.

StoutFiles says

jhof says

I can’t get away from this APOCALYPSE**** and his potty mouth! Moderator/admin can we ban this vulgar loudmouth?

Apocalypse is just keeping it real.

And he's funny as hell!

Will a 20% down payment requirement ever happen? Of course not. It simply makes too much sense and it would only serve to help savers- which of course nobody is interested in doing.

I am almost positive that at some point a new way will be weaseled out there to start the fake housing bubble machine all over again.

Decency and civility are legacy.

Honestly, morality, ethics are a relic.

This could well be the core of our nation's economic crisis.

jhof says

Honestly, morality, ethics are a relic.

This could well be the core of our nation’s economic crisis.

Alternatively, the focus on form instead of substance might be the core of our nation's economic crisis.

jhof says

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You think that canibal anarchy has morals?

jhof says

I can’t get away from this APOCALYPSE**** and his potty mouth! Moderator/admin can we ban this vulgar loudmouth?

Are you a realtor or a banker?

No

Yes, but how is Europe's GDP per capita distributed? Is it all in the hands of 5% of the continent?