Pending Home Sales dip – Sign of something more to come?

From CNBC:

Pending home sales fell 1.4% in August

Rising home prices and a tight supply of homes for sale are keeping buyers at bay.

A monthly index measuring signed contracts to buy existing homes, so-called pending home sales, fell 1.4 percent in August compared to July, according to the National Association of Realtors (NAR). Expectations had been for a slight increase.

While sales are still 6.1 percent higher than one year ago, the annual gains are shrinking.

“Pending sales have leveled off since mid-summer, with buyers being bounded by rising prices and few available and affordable properties within their budget,” said Lawrence Yun, chief economist for the NAR. “Even with existing-housing supply barely budging all summer and no relief coming from new construction, contract activity is still higher than earlier this year and a year ago.”
Home prices in July were 5.3 percent higher than July of 2014 and are now just 5.5 percent below their peak from June of 2006, according to a new report from Black Knight Financial Services. After rising through most of the spring, mortgage rates came down slightly in August, but not enough to entice more buyers into the competitive market. The potential for higher rates is just one of several concerns Realtors now cite.

Regionally, pending home sales in the Northeast fell 5.6 percent for the month but are 8.9 percent above a year ago. In the Midwest sales fell 0.4 percent monthly and are up 6.5 percent from a year ago. In the South sales 2.2 percent monthly and are 4.1 percent above last August. In the West sales rose 1.8 percent monthly and are 7.6 percent higher than one year ago.

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94 Responses to Pending Home Sales dip – Sign of something more to come?

  1. Fabius Maximus says:

    Friskies!

  2. We’re only eight years into at least 50 years of wandering in the wilderness. Much wailing and gnashing of teeth to come. Chinese water torture, real estate-style. Nothing has been fixed from the first collapse; the system is still clogged with bad paper; the sausage grinder is being revved up for another round of fog-a-mirror loan securitization.

    Come to think of it, with all the conditions laid out above, my call is still for 100 years of misery.

    “Pending Home Sales dip – Sign of something more to come?”

  3. “New, improved methods of credit scoring”. Meaning: handing out loans to people who have horrible credit records and have no means or intentions of paying mortgages.

    That should end well.

  4. leftwing says:

    Ponzi scheme collapses without new money.

  5. leftwing says:

    There will be a major step down in values. Like the stock market though nobody knows when and it’s a fool’s game trying to predict it.

    The cognitive dissonance in this area is just too strong. At some point people will stop working on the 4th of July when they realize all they are working for, mostly dawn to dusk, is a residence that is substandard for price by most national measures in an area where basic activities of daily living are overwhelming given the density and lack of infrastructure.

    Translating the above, values will step down when people realize it’s just not worth your wife’s time to wait 20 minutes every weekday to merge onto 78 from 24 at 4:00p and not worth your time for you to have three hours a day free in order to live in a 1970s renovated cape on a tenth of an acre for a half million.

    Sister moving to Tennessee. Listed smartly last week, a click below market. Multiple bids, accepted an offer this weekend over ask. Will be there full time early Nov.

  6. 1987 Condo says:

    #5..you’d be right, if not for the 3 million folks in S.I., Brooklyn and Queens who would see lower taxes and improved quality of life by moving to NJ. How about 20 minutes to merge onto Richmond avenue to get to the store!

  7. Comrade Nom Deplume and his amazing trick back says:

    “October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”

    Mark Twain

    October is almost upon us, folks.

  8. leftwing says:

    87Condo

    LOL. Not much better here though. 20 minutes is lucky for me to Home Depot, most of which is spent in the last mile and parking lot. I need to go to MVC by tomorrow to get my license renewed this time. Feels like I’m planning a tactical strike.

    May just say “f- it” and head to AC. Right off exit 63 is the Barnegat MVC office. Easy access unpopulated strip mall and civil. Probably shorter door-to-door than Union.

  9. 30 year realtor says:

    Market is strange. Tons of investor cash out there looking for a home in real estate. Attendance at sheriff sales is at an all time high.

    A lot of the REO I sell has restrictions to increase the chances of owner occupant purchase. Owner occupant offers are reviewed 8 days before investor offers are considered. If an acceptable offer comes first, investors offers are not considered. Often I am holding investor offers for a property that are higher than the owner occupant offer that ends up being accepted.

  10. anon (the good one) says:

    same on this board

    @conradhackett:
    Adult diapers are outselling infant diapers in Japan

  11. 30 year realtor says:

    A couple of weeks ago I was sitting in the Passaic County Sheriff office waiting to pick up the deed to the house I bought for myself. A group of men (I am assuming they were Indian or Pakistani) were waiting to pay for a property they had purchased a couple of weeks earlier. They youngest of them and the only fluent English speaker asked me if I bought a lot of these properties. They were looking for advice. This was their first purchase at a sheriff sale. Turns out these guys had done almost zero due diligence. No thought of environmental risk, title or even renovation cost. They had the cashiers check for the balance of their $75,000 purchase in hand ready to pay to the sheriff. By the time they got through speaking to me they decided not to pay the balance and to seek legal advice.

    Every week there are fresh new faces at the sheriff sales eagerly waiting to make mistakes.

  12. walking bye says:

    leftwing, I’ve done the same, packed the car with kids and flip flops on a Saturday and gone to the shore, stopping in Hazlet to get registration. It was so quick I hardly had time to get the kids through the required restroom break. A+ also on the restroom, FWIW

  13. Libturd in Union says:

    Best road restrooms? Home Depot. It might me a long walk from the car, but there is free wifi and they are always kept sparkling clean.

  14. chicagofinance says:

    Free wifi for the restroom is a draw? I won’t ask…….

  15. chicagofinance says:

    For the record……Boston is a cesspool…..

  16. chicagofinance says:

    Also…….not joking Obama and his executive branch cronies are so foolish, it is stunning……they are about to dump the equivalent of Obamacare on the securities industry, and they have no idea how badly they are going to screw the exact people they want to help………

  17. Juice Box says:

    re# 16 – Let the government decide what you can invest in, for your own good, of course.

  18. Ragnar says:

    Chifi,
    What’s the legislation you’re referring to? Fiduciary duty requirement?

  19. 1987 Condo says:

    #16..is this the fiduciary issue? Aren’t we as CFP’s already fiduciaries?

  20. Comrade Nom Deplume, the Answer says:

    anon (the good one) says:
    September 29, 2015 at 8:28 am
    same on this board

    @conradhackett:
    Adult diapers are outselling infant diapers in Japan

    Maybe you should try Kegel exercises. Or get checked for dementia.

  21. Anon E. Moose says:

    ChiFi [15];

    For the record……Boston is a cesspool…..

    Was just reading an acquaintance’s blog about how Vegas is a cesspool. I just spent a weekend in Manhattan and thought it was a cesspool.

    My interpretation: America is fast becoming a cesspool. We can’t build or maintain infrastructure at anything remotely resembling a reasonable price — too many hands in the cookie jar. Ever increasing segments of the population are not working; they are idle and living on subsistence welfare transfer payments.

    This is what “Fundamental Transformation” looks like.

  22. Fast Eddie says:

    The Obamas and their ilk despise America. This is their payback for feeling slighted. That’s exactly what is meant by fundamental transformation. He’s the perfect puppet to guide the decline and destruction of a once great nation.

  23. Ragnar says:

    Infrastructure is falling apart because the government gives itself a monopoly on the provision, then refuses to invest, and invests wastefully when it does, due to the nature of political/bureaucratic incentive structures.
    Yet people get up in arms if someone like me suggests privatization is the cure for a system that is already quite dysfunctional, and despite wide evidence that private markets outperform government in the provision of a vast array of goods and services across time and national borders.

  24. Ragnar says:

    Eddie,
    Connecting the decline of America with real estate,
    You might enjoy reading a transcript of Julian Castro’s comments on this program under HUD. I overheard a bit of Rush Limbaugh discussing it on the radio. Sounds like a bussing program but for real estate.
    http://www.nationalfairhousing.org/publicpolicy/affirmativelyfurtheringfairhousing/tabid/4261/default.aspx
    You know it must be good if: “HUD has received nearly 1,000 comments on the proposed rule, including comments from NFHA and comments from a group of 41 national civil rights, fair housing, women’s, disability, LGBT and consumer organizations and labor unions.”

  25. Libturd in Union says:

    I don’t know if I would blame it ALL on the Dem’s attempt to cater to their urban voting block.

    I’m not trying to sound like the Country Blumpkin here, but the continued transfer of wealth from the working class to the upper class is probably playing a much greater role in the decline of our cities than the miniscule amount of Obamaphone type programs.

    Though, the Republican Party is really trying to bury themselves with all of this Planned Parenthood crap that no one except for the religious yahoos care about. Also, the repeated threats to shut down the government reminds me too much of that kid in the playground who cries when he is picked last. What ever happened to the separation of Church and State?

    Honestly, the repeated hypocritical actions of the Red team are simply incredulous. How can a party be so anti-Muslim (which is simply racism), yet threaten to shut down the government if they don’t get full control over what women choose to do with their own bodies?

    Then, there’s the supporting of Kim Davis who refuses to follow the law of the land due to religious belief?

    Why the heck would anyone besides the most devout Christian choose to vote for this team?

    Religion is dying, especially among the millenials, yet the Republican’s seem to be embracing religion more than ever. Are they trying to recreate the Taliban over here?

    What gives Nom/Gary?

  26. Essex says:

    27. They are out of ideas –

  27. Essex says:

    Did someone say cesspool ?

    Tests have found high levels of arsenic and lead in soil surrounding the former site of the Kil-Tone Company on the 500 block of East Chestnut Avenue in Vineland.

    “By adding this site to the Superfund list, the EPA moves forward in its commitment to do extensive sampling needed to determine the best way to clean up the contamination,” said Judith A. Enck, EPA regional administrator, in a press release.

    The arsenic and lead was found in 48 neighboring residential properties and in the Tarkin Branch of the Maurice River.

    Kil-Tone produced pesticides — with names like London Purple and Paris Green — from 1917 to 1933. Urban Sign and Crane Inc. currently uses the property.

  28. Fast Eddie says:

    Lib,

    I think ab0rtion is despicable but I certainly don’t want to see a woman putting herself in the hands of some back room butcher. Let a woman decide what’s right for her but the thought of an ab0rtion makes me ill. It’s a hideous act. But if a woman wants that option, let her or her partner pay for it. Don’t ask me to pay for it.

    As for religion, I agree; keep it out of politics. I don’t identify with some of the Republican strategy. For social issues, the only thing that p1sses me off is I’m sick of hearing about same s.x marriage and g.ay rights and that sh1t day after day after day. Enough already.

    I want two things; for the government to keep their hands off of my money and for us to have a military that will have the rest of the world sh1tting its pants. Everything else is just a distraction to keep the muppets focused on nonsense.

  29. 1987 Condo says:

    You guys are pretty cranky..I covered Boston in the 1990’s and 2000’s…before and during the Big Dig, I was there last in late 2014…the transformation was outstanding…..if it wasn’t overpriced and cold, be a great place to live I was thinking….

  30. phoenix says:

    Eddie,
    Tax the corporations to pay for the military. After all, they are the ones who profit most from all this “globalization.”
    Problem is, since they have no loyalty to the USA, they need protection in other countries so your military needs to not only protect America but every other place they infect.
    Remember, corporations are people AKA American citizens and need to be treated like humans. Yet they keep their money offshore….

  31. phoenix says:

    Chifi,
    working a few things out and will get back to you soon.

  32. Fast Eddie says:

    Tax the corporations to pay for the military. After all, they are the ones who profit most from all this “globalization.”

    Or, eliminate corporate tax completely IF they bring the manufacturing and service legs of the business back here.

  33. joyce says:

    I cringe whenever I hear the expression “…America and her interests abroad…”

    phoenix says:
    September 29, 2015 at 12:06 pm

    … they need protection in other countries so your military needs to not only protect America but every other place they infect.

  34. phoenix says:

    34. Good answer. Tell that to Steve Jobs…
    Mr. Jobs’s reply was unambiguous. “Those jobs aren’t coming back,”

    Tariff every Iphone by 500 percent.
    Problem solved. Apple won’t be profitable without the US market.
    Let them sell those phones to the children that work in the Apple factories for a dollar a day.

  35. chicagofinance says:

    session from yesterday morning…….

    Speaker(s):

    Marcia Wagner, J.D.
    The Wagner Law Group, Boston,, Massachusetts

    Ms. Wagner’s session will focus on critical tax and labor law issues coming out of Washington that will affect your practice. She will provide an in-depth review of the Department of Labor’s proposed redefinition of what makes an investment advice fiduciary and discuss its practical implications for day to day issues. This will include

    • How to qualify for exceptions from the imposition of fiduciary status;
    • What kind of compensation may be received by those who are fiduciaries;
    • Policies and procedures that will need to be in place to meet the rule; and
    • Steps advisers can take to protect themselves.

    The new fiduciary rule takes aim at advice rendered to IRAs and the process for capturing rollovers. Ms. Wagner will address changes that you will need to make in providing rollover advice to plan participants.

    Because the DOL’s fiduciary proposal is not the only development having the potential to result in industry-wide restructuring, Ms. Wagner will also look at proposed legislative reforms that, in the process of closing perceived loopholes, would reduce tax incentives for retirement benefits. She will also provide an update on a broad range of other regulatory developments affecting the private retirement system.

    By attending this session, you will learn which advisers will have additional liability exposure under the revised fiduciary rule, distinguish between conflicted and non-conflicted advice, discover how to safely take advantage of rollover opportunities, and explore ways to provide added value to plan sponsor clients in light of curtailment of their sources of advice.

  36. Ragnar says:

    On Republicans, see Ayn Rand’s “Conservatism: An Obituary”. She pretty well identified the faults in the conservative movement, and why it would be unable to stop the spread of advancing statism in America.
    “Sensing their need of a moral base, many “conservatives” decided to choose religion as their moral justification; they claim that America and capitalism are based on faith in God. Politically, such a claim contradicts the fundamental principles of the United States: in America, religion is a private matter which cannot and must not be brought into political issues. Intellectually, to rest one’s case on faith means to concede that reason is on the side of one’s enemies—that one has no rational arguments to offer. The “conservatives'” claim that their case rests on faith, means that there are no rational arguments to support the American system, no rational justification for freedom, justice, property, individual rights, that these rest on a mystic revelation and can be accepted only on faith—that in reason and logic the enemy is right, but men must hold faith as superior to reason.
    http://vnnforum.com/showthread.php?t=111520

  37. Comrade Nom Deplume, celebrating the last road trip of the year. says:

    [38] chifi

    Save me the handouts and PPT deck.

  38. phoenix says:

    Dear American,
    As much as we tell you how much we love you, this is really what you mean to us…

    https://www.youtube.com/watch?v=DFCMhSzeGuA

    RIP, GC.

  39. chicagofinance says:

    rags: sent Wagner’s deck to First.M.Lastname@gmail.com assuming that address still works.

  40. chicagofinance says:

    nom I’ll send to you too…..

  41. chicagofinance says:

    1987…..it isn’t that simple……..I think the best way to describe it is that you cannot legislate morality and when government creates this kind of regulatory burden, the result will be an industry oligopoly……small players will be crushed, and also young people will effectively be barred from the industry because they will not be able to grow into a career…..I don’t care…..good for me, but that doesn’t mean it is good….

    1987 Condo says:
    September 29, 2015 at 9:56 am
    #16..is this the fiduciary issue? Aren’t we as CFP’s already fiduciaries?

  42. Anon E. Moose says:

    Lib [27];

    You’re buying the Daily Kos caricature of the R party.

    On abortion, the country had pretty much settle into an understanding between two insoluble sides — abortion is legal, but government never pays for it. That’s the separation of church and state. PP is nothing but an abortion factory. How is it then that they are funded by billions of government dollars a year? Now selling baby parts? That’s just beyond the pale. I agree with you though, that the mainstream of the party is reluctant to go to the mat on that issue alone.

    You do know that Kim Davis is team “D”? I’m not about to vouch for her actions either, but how did we treat the Muslim woman who wanted to work for A+F wearing a hajib? Supreme Court case — employer must accommodate. How do we treat any other public employee who blatantly and maliciously neglects their job? We carry them in the name of “due process” (e.g., NYC BOE rubber rooms). We sure don’t trow them in jail. Here’s how the Kim Davis thing looks to some: http://www.cagle.com/2015/09/ignoring-federal-law/

  43. anon (the good one) says:

    you and your nasty toilet sniffing habit

    Libturd in Union says:
    September 29, 2015 at 8:55 am
    Best road restrooms? Home Depot. It might me a long walk from the car, but there is free wifi and they are always kept sparkling clean.

  44. Libturd in Union says:

    I don’t think I am Moose. I watched 15 minutes of one of the debates. For 5 minutes, each candidate was trying to one up each other in claiming that Obama is a Muslim. Then it was all the politics of fear. My ten year old son was watching. He asked me if Russia was about to take over the US. I kid you not.

    First, Planned Parenthood does more than assist people with abortions. I know. I took a girl there when I was way too young to even know about safe sex. Let’s just say, it cost me a lot of paper route money. They didn’t push for the abortion either and pushed hard for giving the baby up for adoption. The truth of that matter is, those with money will still get abortions. Even Only those who can’t afford them, will end up dead from botched back alley abortions. Abortions won’t be stopped. And if you want to stop abortions, stop fighting against government sponsored birth control simultaneously. The Republican party is so far behind the times with their stance on abortion that with time, it will probably result in the demise of the party. You can claim it’s about YOU paying for it. But until houses of religion are taxed, then there is no separation of church and state and people like me are paying for you to act as fundamentally stupid as the people your party has made a platform around attacking at every opportunity.

  45. [30] I don’t know if it’s still the case, but we had $5 abortions at Rutgers in the early 80’s. Girls just went and got a voucher from the health center and took that and $5 to some discreet medical office in New Brunswick.

  46. The Great Pumpkin says:

    Exactly! Well said! So wrong, yet people defend this bs.

    phoenix says:
    September 29, 2015 at 12:15 pm
    34. Good answer. Tell that to Steve Jobs…
    Mr. Jobs’s reply was unambiguous. “Those jobs aren’t coming back,”

    Tariff every Iphone by 500 percent.
    Problem solved. Apple won’t be profitable without the US market.
    Let them sell those phones to the children that work in the Apple factories for a dollar a day.

  47. Libturd in Union says:

    And trust me…I’m not on an anti-R rampage, even though I sound like it. But certain issues are so ass backwards. If your primary concern is the government paying for poor women not to have abortions, then you’ve got much larger issues. To shut the government down over this is absolutely pathetic.

  48. phoenix says:

    44.”I think the best way to describe it is that you cannot legislate morality ”

    Yup, proof is this dirt bag. No morals, only a capitalistic drive…
    And exactly is paying for this increase, the govt, who then extorts the money from me.
    I’m all for businesses that don’t influence (lobbyists) or have their mouth on the government lactation emitter….

    http://www.nytimes.com/2015/09/21/business/a-huge-overnight-increase-in-a-drugs-price-raises-protests.html

  49. phoenix says:

    And that guy has his mouthparts on both

  50. Fast Eddie says:

    It seems to me that all the dem0crats talk about is the war on women and g.ay and lesb1an rights. Constantly!! PP is an ab0rtion factory. Where did that $887,000,000,000 stimulus package go? The one that wasn’t so shovel ready? How about the administration admitting yesterday that $500,000,000 was wasted on training Syrian rebels?

  51. D-FENS says:

    September 29, 2015

    Chinese aircraft carrier and missile cruiser reported transiting the Suez Canal

    By James Lewis

    The Chinese are coming. A website linked to Israeli intelligence reports that a new Chinese aircraft carrier and missile cruiser has passed through the Suez Canal. That fact cannot be hidden, so it is likely to be true.

    The Chinese task force is heading for the Russian-controlled Mediterranean port of Tartus, to join Syria’s Assad and Hezb’allah forces aiming to knock out the U.S.-supported Sunni rebels in Syria. Russia also now controls a Syrian air base.

    The Russians and Chinese have limited force-projection capabilities, but put them both together, combined with Iranian Revolutionary Guards, Hezb’allah, and Assad’s troops, and you get the kind of force projection only the U.S. has possessed in the past half-century.

    This is a major surprise strategic move, coordinated by Putin while talking peace at the U.N.

    Obama has been snookered again.

    Putin is insisting that ISIS is his target. At the U.N. he (correctly) compared ISIS to Hitler’s Nazis. But his real goal is a superpower play against the United States and its half-century of dominance in the Middle East and Eastern Mediterranean. Pax Americana is gone.

    The United States simply lacks the political leadership with a strategic vision able to cope with this major new threat. Under Obama, the U.S. has lost credibility with our former allies like Egypt, Israel, and Saudi Arabia. We therefore do not know how the dominoes will fall.

    In the worst case, it will accelerate the rise of Iran’s Armageddon cult to regional power. In the best case, Putin is positioning to cut the Iranian Crescent in half. Chances are that Putin doesn’t want an Islamofascist nuclear power on his southern border. ISIS has recruited both Chechen and Uighur Muslims, who pose a domestic threat to Russia and China, respectively.

    In the last few days, France has also sent jet bombers to raid ISIS training camps, possibly based on its sole modern aircraft carrier.

    All these moves could be coordinated, with the aim of bringing Russia and China into the Middle East while the U.S. deliberately turns away.

    These big, coordinated moves spell a long-term change in global power politics.

    The Chinese are coming. A website linked to Israeli intelligence reports that a new Chinese aircraft carrier and missile cruiser has passed through the Suez Canal. That fact cannot be hidden, so it is likely to be true.

    The Chinese task force is heading for the Russian-controlled Mediterranean port of Tartus, to join Syria’s Assad and Hezb’allah forces aiming to knock out the U.S.-supported Sunni rebels in Syria. Russia also now controls a Syrian air base.

    The Russians and Chinese have limited force-projection capabilities, but put them both together, combined with Iranian Revolutionary Guards, Hezb’allah, and Assad’s troops, and you get the kind of force projection only the U.S. has possessed in the past half-century.

    This is a major surprise strategic move, coordinated by Putin while talking peace at the U.N.

    Read more: http://www.americanthinker.com/blog/2015/09/chinese_aircraft_carrier_and_missile_cruiser_reported_transiting_the_suez_canal.html#ixzz3n9UhuB8q
    Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook

  52. D-FENS says:

    A Chinese landing craft with 1,000 marines for Syria – reports

    DEBKAfile September 6, 2013, 12:31 PM (IDT)

    Western naval sources reported Friday that a Chinese landing craft, the Jinggangshan, with a 1,000-strong marine battalion had reached the Red Sea en route for the Mediterranean off Syria. According to DEBKAfile, Beijing has already deployed a number of warships opposite Syria in secret. If the latest report is confirmed, this will be the largest Chinese deployment in the Middle East in its naval history.

  53. Comrade Nom Deplume, celebrating the last road trip of the year. says:

    [23] moose

    “This is what “Fundamental Transformation” looks like.”

    Don’t you mean “hope and change”?

  54. Comrade Nom Deplume, celebrating the last road trip of the year. says:

    [55] dfens

    The anonunists and other fellow travelers will have to work overtime to pin this on Cheney and the GOP. Maybe a foreign relations version of the Kevin Bacon game?

    I can just see the Attack Poodle spinning this one.

  55. 1987 Condo says:

    #55..I believe this was what Obama was planning, to reduce US presence and influence (per his campaign promises) .. I “assume” he knew who would fill the void…………….

  56. chicagofinance says:

    Not only is Shkreli Albanian, but he went to my high school too……

    phoenix says:
    September 29, 2015 at 1:54 pm
    44.”I think the best way to describe it is that you cannot legislate morality ”

    Yup, proof is this dirt bag. No morals, only a capitalistic drive…
    And exactly is paying for this increase, the govt, who then extorts the money from me.
    I’m all for businesses that don’t influence (lobbyists) or have their mouth on the government lactation emitter….

    http://www.nytimes.com/2015/09/21/business/a-huge-overnight-increase-in-a-drugs-price-raises-protests.html

  57. chicagofinance says:

    We’ll see whether the massive uber-liberals at my school will choke on Mr. Shkreli’s largesse……..I think I will see some classic hypocrisy forthcoming…..
    http://www.prnewswire.com/news-releases/hunter-college-high-school-receives-1-million-gift-from-pioneering-health-care-executive-martin-shkreli-300047550.html

  58. D-FENS says:

    http://www.bbc.com/news/uk-england-tyne-34359392

    England
    Tyne & Wear
    Liam Lyburd mass murder plot: Teen sentenced to life

    Dude got his hands on a cache of weapons including pipe bombs and what looks like a Glock 19 and 30 round magazines. (In the UK!)

  59. Libturd in Union says:

    “The anonunists and other fellow travelers will have to work overtime to pin this on Cheney and the GOP.”

    No they won’t. Let me fire up my excuse machine…It’s Bushes’ fault. See how easy that was?

  60. A Home Buyer says:

    Lib –

    Waiting for that Weather update.

    The weather people I know claim some of the models indicate a Sandy type event on the horizon for this weekend.

  61. chicagofinance says:

    A heartwarming story about home and family (clot Edition):
    https://www.youtube.com/watch?v=sfttvNCIJvE

  62. Libturd in Union says:

    I’ve been awfully busy at work today. Let me take a quick peak. Just be warned about the Sandy Hype machine. It sells a lot of papers.

  63. Libturd in Union says:

    Eyewall is just forming and the recon is reporting deeper lows than originally expected. But consensus is pushing the storm slightly more out to sea. So it could be bigger than originally predicted, but the likelihood of a miss in path has increased. Still too early to make an accurate call. The crazy thing about Sandy was that the predicted track didn’t waver an inch over the week prior to landfall. Since this depression hasn’t even formed fully, it’s hard to predict its track. The ocean is certainly warm enough this time of the year. I’ll report back in tonight before bedtime. I’m up at 5:45 tomorrow (city day), so it won’t be too late.

  64. grim says:

    Newest info from NOAA shows this thing sitting out at sea.

  65. 30 year realtor says:

    Why is it you folks feel these US cities with lots of commerce are cesspools? Who should be paying for infrastructure? How should it be funded?

  66. chicagofinance says:

    Rags: another refreshing item from the DOL thing…….it was left unsaid, but it was kind of implied that there is going to a major interference being run to have money leave 401(k)’s for IRA’s……not for some higher fiduciary purpose, but rather the Obamunists view 401(k) balances as latent tax revenue, and want to create greater friction to have money move between institutions and hence have a greater likelihood of taxable distribution, at least on the margin…..you can be that this insidious assumption is going to be baked into bastardized future budgets…..

  67. chicagofinance says:

    Boston is a cesspool and people bred from eastern Mass need to be publicly executed…..NYC is nirvana…..

    30 year realtor says:
    September 29, 2015 at 4:09 pm
    Why is it you folks feel these US cities with lots of commerce are cesspools? Who should be paying for infrastructure? How should it be funded?

  68. Pete says:

    You do know that Kim Davis is team “D”?

    Not anymore.

    (CNN)Kim Davis has said farewell to the Democratic Party. The Kentucky county clerk at the center of a fight over religious freedom and same-sex marriage says she is now a Republican.

    “She has come to the conclusion that the Democratic Party has left her,” her lawyer, Mat Staver, said Saturday in a statement. “She has decided to switch her voter registration. However, the issue of religious freedom in this case is not a partisan issue. It is neither Republican nor Democrat. It is an inalienable right and what makes America the land of liberty.”

  69. Comrade Nom Deplume, celebrating the last road trip of the year. says:

    [71] chifi

    “and people bred from eastern Mass need to be publicly executed”

    Come and get me.

  70. Comrade Nom Deplume, celebrating the last road trip of the year. says:

    I saw a dose of Liberal logic on display today. Shall oil announced that it was discontinuing drilling operations in the Arctic because they didn’t find any oil. So they announced that they are shutting up a shop and leaving.

    Greenpeace declared victory.

    To me, that’s like declaring victory after being in a fight where the guy who has been pummeling you for an hour gets tired and goes home.

  71. Comrade Nom Deplume, celebrating the last road trip of the year. says:

    [67] libturd

    Got gasoline?

  72. Comrade Nom Deplume, from the Hub of the Solar System. says:

    Listened to just a bit of Richards grilling on the Hill. I don’t have any dog in this fight politically, but I do enjoy the theater. What I especially enjoy was the astonishingly hypocritical and ill-informed statements from some of Chaffetz’ far left comrades on the hill. I predict some decent Internet slams coming soon.

  73. Ragnar says:

    I’ve got my 20kw nat gas generator ready to finally do some good.
    But falling trees remain a concern on my property, despite cutting down at least a dozen over the past few years.

  74. joyce says:

    67-68
    Libturd / grim

    I remember one or both of you posting a link to the NOAA website when Sandy was approaching. It had a picture with the projected track and a table at the bottom showing predicting winds, rainfall, etc for each of the next several four hour windows. I’m trying to find that same page on the NHC/NOAA; not sure if they generate one for every storm… but do you know what I’m talking about?

  75. I think it’s pretty much a settled argument that the US is now a Third World jerkwater.

    We ‘re burning through the rest of our wealth and influence in a desperate attempt to convince ourselves and others that we’re still a superpower.

  76. Grim says:

    Not even going to bother testing the generator

  77. phoenix says:

    72. They can keep her

  78. Libturd in Union says:

    Joyce…this is the updated QPF chart from NOAA. This is for the current rainstorm we are in. They will update it for the weekend on Thursday.

    http://www.erh.noaa.gov/okx/StormTotalPrecip/StormTotalQPFFcst.png

  79. Libturd in Union says:

    I’m leaning towards a 2-4″ rain event at this point, but Twin Forks of Long Island and Cesspool Mass getting the brunt of it. Still too early to commit though.

  80. Wily Millenial says:

    I lived in Boston 15 years ago, it’s come a long friggin way since then and the rents prove it. I paid $500 for a 2bed back in a mediocre area. And they still had the Combat Zone and friendly vagrants all over the place.

  81. Anon E. Moose says:

    Nom [73];

    Come and get me.

    Sounds better in Greek, bonus points for native alphabet: ΜΟΛΏΝ LABE

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  83. Fabius Maximus says:

    #54 Gary

    “It seems to me that all the dem0crats talk about is the war on women and g.ay and lesb1an rights. Constantly!! PP is an ab0rtion factory”

    Yea, cause it’s the D’s constantly pushing that agenda.
    http://www.politico.com/story/2015/09/planned-parenthood-jason-chaffetz-no-funding-214219

  84. Fabius Maximus says:

    #27 #50 Lib

    Making a lot of sense here today and detailing a lot of the issues why I can’t pull a lever on an R.
    The core of the problem is that the “yahoos” are the base. You can’t get the brass ring without your base, but you can’t win unless you get a chunk of the moderates.
    The Yahoos and the moderates don’t mix well.

  85. Libturd in the City says:

    Pulling the lever on an R and what they’ll do once in office though, are often two different things. Same often holds true for the D team.

    Sadly, what it proves is that these campaigns are just farces to get into power. Once in power, it’s all about personal wealth.

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