International purchases rise, shift to lower priced properties

From CNBC:

Foreign buyers flood US real estate, but buy cheaper homes

The appetite for U.S. real estate continues to flourish, but international buyers are shifting their sights from luxury to less-pricey properties. This may be due to overall higher home prices, along with a stronger U.S. dollar, which both cost foreign buyers more at the negotiating table. There are also fewer nonresident foreigners investing in the market.

“Weaker economic growth throughout the world, devalued foreign currencies and financial market turbulence combined to present significant challenges for foreign buyers over the past year,” said Lawrence Yun, chief economist of the National Association of Realtors (NAR). “While these obstacles led to a cool down in sales from nonresident foreign buyers, the purchases by recent immigrant foreigners rose, resulting in the overall sales dollar volume still being the second highest since 2009.”

Foreign buyers purchased $102.6 billion of residential property in the U.S. between April 2015 and March 2016, according to NAR’s annual report on international activity in U.S. real estate. That is a 1.3 percent decline in dollar volume from the previous survey. The number of properties purchased, however, rose 2.8 percent to 214,885. The value of homes bought by foreigners was typically higher than the median price of all U.S. homes.

“The slight drop in dollar volume can probably be accounted for based on the types of properties purchased, and the locations of many of those properties. We’ve seen at least some evidence that foreign buyers — both investors and people just looking for a home — have begun looking beyond expensive markets like San Francisco, New York City and Washington D.C., and buying properties in smaller, less-expensive cities in the Southeast and Midwest,” said Rick Sharga, executive vice president at Ten-X (formerly Auction.com), an online real estate marketplace .

Another major shift was in the makeup of international buyers. Chinese purchasers continued to outpace all others, with their dollar volume exceeding the total of the next four ranked countries combined. Their dollar volume of sales, at $27.3 billion, was a slight decrease from last year’s survey but was still three times as much as Canadian buyers, who were ranked second. Chinese buyers also bought the most expensive homes at a median price of $542,084.

As for U.S. destinations, five states accounted for half of foreign buyer purchases: Florida, (22 percent), California (15 percent), Texas (10 percent), Arizona and New York (each at 4 percent). Latin Americans, Europeans and Canadians, who historically favor warmer climates, were most prevalent in Florida and Arizona. Asian buyers flocked to California and New York. Texas was more a mix of buyers from Latin American, the Caribbean and Asia. Texas may be more of an investment play, as demand for single-family rentals there remains strong.

This entry was posted in Demographics, Economics, Housing Recovery, National Real Estate. Bookmark the permalink.

114 Responses to International purchases rise, shift to lower priced properties

  1. Comrade Nom Deplume, somewhere in NC says:

    I’ve been up much of the night. Won’t be easy staying on NJRE today

  2. D-FENS says:

    Jim Hoft
    ‏@gatewaypundit
    Just Think=> Just 4 Hours Ago @BarackObama was lecturing #Racist US Cops… Now 4 Cops Are Shot Dead – 8 More Injured #ObamasAmerica

  3. Not Comrade says:

    In NC. That means either moonshine or crystal meth and plenty of h00kers

    Either way. I hope you enjoy it.

  4. D-FENS says:

    gun4hyr
    ‏@gun4hyr
    “Divider” in chief just gave a speech in Poland blaming the assassinations on guns! We are truly lost. Pray for the cops and all Americans

  5. grim says:

    Reports of celebrations in Dallas after the shootings…

  6. grim says:

    +162k

  7. GOP's broken (the good one) says:

    you get away with lynching the brothers and then get all surprised & pissed cause they don’t like it

  8. D-FENS says:

    @MitchellManleyy
    Dancing/flexing in front of a 7/11 in Dallas. Disgraceful. Is this a joke to them? A celebration? THIS IS SERIOUS

    https://twitter.com/MitchellManleyy/status/751292684048883712

  9. D-FENS says:

    Luke McAuliffe ‏@LukeMcAuliffe 8h8 hours ago
    To all the people popping fireworks in Dallas in celebration of these officers who have passed and shot. You should be ashamed of yourself.

  10. GOP's broken (the good one) says:

    you were joking yesterday but today is serious

    D-FENS says:
    July 8, 2016 at 7:58 am

    THIS IS SERIOUS

  11. Ottoman says:

    of course when someone here wrote 12 year old Tamir Rice deserved to be executed by police for playing with a toy gun and his parents were to blame for not teaching him better, you had no comment.

    Btw, reports also said an innocent man was one of the snipers and plastered his face all over the news. But I get it, you prefer blacks to say “yes massa” when they’re being executed in the streets by the state.

    grim says:
    July 8, 2016 at 7:47 am
    Reports of celebrations in Dallas after the shootings…

  12. [8] What may be even more disturbing are the blatantly disingenuous comments below the video of the 7/11 revelers.

    I’ll promise this is 10000% out of context. I’m guessing those guys aren’t celebrating cop killing

    Yes, most people are happy they’re not dead when they were in a crowd that got shot at. Moron.

    Tell you what, what they’re doing isn’t as bad as what some media folks and politicians are doing on twitter.

  13. D-FENS says:

    I did a lot worse than Tamir Rice did as a kid. Had the cops chase me and my friends too. I maintain he did not deserve to die and the police overreacted.

    You and anon seem to need an enemy…and always assume that you know what someone else’s politics are and what they are thinking…

    Ottoman says:
    July 8, 2016 at 8:06 am
    of course when someone here wrote 12 year old Tamir Rice deserved to be executed by police for playing with a toy gun and his parents were to blame for not teaching him better, you had no comment.

    Btw, reports also said an innocent man was one of the snipers and plastered his face all over the news. But I get it, you prefer blacks to say “yes massa” when they’re being executed in the streets by the state.

  14. Amerigeddon says:

    Why does last night feel so much like a false flag?

  15. Amerigeddon says:

    False flags are designed to set off pinheads like anon & Otto.

  16. D-FENS says:

    Not too many people talking about Hillary Clinton today. That’s for sure. Yesterday, everyone knew what happened…even people who didn’t usually pay attention to politics…and couldn’t understand why she was not prosecuted…

    Amerigeddon says:
    July 8, 2016 at 8:16 am
    Why does last night feel so much like a false flag?

  17. Amerigeddon says:

    Should be quite the day for stupid, emotional outbursts on the intertubes.

  18. grim says:

    Btw, reports also said an innocent man was one of the snipers and plastered his face all over the news. But I get it, you prefer blacks to say “yes massa” when they’re being executed in the streets by the state.

    You can check my facebook – I posted the video there. I think what they did to Matt Keys was disgusting, I also think how Lavish Reynolds was treated was disgusting as well.

  19. [14&15] I was thinking the same thing. I wonder if Hillary emailed any of the gunmen from a private account.

    Why does last night feel so much like a false flag?

  20. Amerigeddon says:

    The riots at the Dumbocrat convention will get the spotlight back on Shrillary.

    It’s the summer of ’68 all over again.

  21. D-FENS says:

    Hacked Email Shows Democrat Party to Spend $800,000 to Disrupt RNC and Harass Delegates

    http://www.thegatewaypundit.com/2016/07/hacked-email-shows-democrat-party-spend-800000-disrupt-rnc-cleveland/

    Hundreds of paid liberal activists will also converge on Cleveland to disrupt and cause mayhem.

  22. 1987 Condo says:

    189k

  23. grim says:

    Here was my 5am facebook tirade, by the way:

    I’d like to say I’m shocked this morning, but I’m not. I blame our leadership, community, economic, political. Leadership is not about being divisive, polarizing every issue, creating divisions in the economy, the community, in political ideologies, in religion. Instead, we have leaders preaching division, hate, difference, at all levels, on all sides. No one is preaching tolerance and brotherhood. We need leaders to unite us, not divide us. Worse yet, we have a media industry whose economic success is predicated on escalating these polarities. It gets worse from here, it doesn’t get better. We have no leaders.

  24. 1987 Condo says:

    +287k !!!!!!!!!!!!!!!!!!!!!

  25. grim says:

    I don’t buy it, April with a huge upward revision, May with a huge downward division (plus minus 20k in those) – seems like the numbers are really volatile.

    But 287k, that’s off the charts.

  26. 1987 Condo says:

    #23….agree

  27. grim says:

    And hourly wages up 2.6% yoy? Not surprised gold up through the roof. Between Brexit, the impact on bond markets, Fed pause, and now the prospect of a booming US economy – I’m sure the calls for hyperinflation are going to be coming any second now.

  28. Alex says:

    After what happened in Baltimore, cops curtailed policing.

    Result: The 2015 murder rate in Baltimore increased 63 percent.

  29. D-FENS says:

    Who are you talking about? I heard concealed carriers, NRA, conservatives all saying they were shocked at the shooting of concealed permit holder Castile. NO ONE thought that shooting was justified.

    GOP’s broken (the good one) says:
    July 8, 2016 at 7:57 am
    you get away with lynching the brothers and then get all surprised & pissed cause they don’t like it

  30. grim says:

    And I didn’t comment on the Tamir Rice post – I assume you are talking about the Libturd post, because he was right.

    Once you take the orange cap off a toy gun, it’s not a toy gun anymore, especially when it looks identical to a real firearm. You’ve seen the side by side photos of the actual pellet gun and the real gun it is a copy of, no? The kid pulled out what looked like a real gun, and aimed it at cops.

    Sorry, it’s a travesty, a terrible loss, and the kid shouldn’t have died.

    But, don’t put the blame on cops, the kid shouldn’t have had what he had, and he shouldn’t have done what he did.

    Why is attributing blame to the kid’s direct actions, and his parent, a problem here?

  31. D-FENS says:

    Did he take the red cap off? Do they even put them on the pellet gun he was using? I haven’t had a bb or pellet gun in years but I don’t remember there being a red cap on the barrel.

  32. grim says:

    It was an airsoft gun that had the tip removed.

    The airsoft gun was purchased for Tamir by his father.

  33. BTW, Matt Keys is a journalist, it’s his twitter feed. The “suspect” is named Mark Hughes. BTW, the picture the police circulated was from some other time, (obviously by beard length). So they had or found the still picture, but it wasn’t from yesterday.

    http://www.huffingtonpost.com/entry/mark-hughes-dallas-shooting-death-threats_us_577f5800e4b0c590f7e8d038

  34. The Great Pumpkin says:

    The Great Pumpkin is coming! Called 2017/2018 a while back.

    grim says:
    July 8, 2016 at 8:34 am
    And hourly wages up 2.6% yoy? Not surprised gold up through the roof. Between Brexit, the impact on bond markets, Fed pause, and now the prospect of a booming US economy – I’m sure the calls for hyperinflation are going to be coming any second now.

  35. The Great Pumpkin says:

    Really sad that America is so divided. Being divided by people trying to gain power. Christie did the same thing in this state in a power grab. People ate it up. Damn those teachers and public workers.

    grim says:
    July 8, 2016 at 8:28 am
    Here was my 5am facebook tirade, by the way:

    I’d like to say I’m shocked this morning, but I’m not. I blame our leadership, community, economic, political. Leadership is not about being divisive, polarizing every issue, creating divisions in the economy, the community, in political ideologies, in religion. Instead, we have leaders preaching division, hate, difference, at all levels, on all sides. No one is preaching tolerance and brotherhood. We need leaders to unite us, not divide us. Worse yet, we have a media industry whose economic success is predicated on escalating these polarities. It gets worse from here, it doesn’t get better. We have no leaders.

  36. I remember the good old days when every kid had multiple (toy) guns and we played war and “killed” each other all day long. No orange caps either. If a kid had a gun, everyone knew it was a toy.

  37. GOP's broken (the good one) says:

    so for you what Baltimore needs is cops killing more people to bring the murder rate down

    in grims view it needs better leadership that bringspeople together

    in my view what Baltimore needs is justice, universal healthcare, childcare, job training.
    more sweden, and less of a somalian Ragnar-style society

    Alex says:
    July 8, 2016 at 8:40 am
    After what happened in Baltimore, cops curtailed policing.

    Result: The 2015 murder rate in Baltimore increased 63 percent.

  38. 3b says:

    36 Christie is guilty of many things but to say he woke up one morning and decided to target teachers and public workers is nonsense. The benefits paid ate and promised are not sustainable it’s as simple as that.! Promises were made years ago for votes on the back of future generations, now we have your generation the millennials who don’t have pensions don’t have 401k s in many cases or don’t have the match. Have uncertain jobs career prospects high health costs student loans child care and on it goes. These are your people the very same ones you want to pay big bucks for crap shacks and the requisite high property taxes to fund these public sector golden benefits. Who cares about them?? At the end of the day it seems to me all you care about is the value of your properties all your arguments go back to reinforce and justify those values and the maintenance of those values.

  39. D-FENS says:

    Brian Dorman ✔ @BDormanTV
    PICTURE: Officers now lined up in front of the 7-11 protecting the store from looting. #WFAA #Dallas
    3:17 AM – 8 Jul 2016

    https://twitter.com/BDormanTV/status/751314195115892737

  40. D-FENS says:

    Jessie Karangu @JMKTV
    A 7-11 in downtown Dallas was looted after the shooting happened, looters also taunted police, store is now closed
    2:16 AM – 8 Jul 2016

  41. Amerigeddon says:

    Grim (27)-

    I welcome all new reasons to own gold.

  42. Amerigeddon says:

    3b (40)-

    Careful. Getting a little too close to the truth there.

  43. Stasi says:

    Comrade clot…..we are monitoring….move along…..

    Amerigeddon says:
    July 8, 2016 at 9:44 am
    3b (40)-

    Careful. Getting a little too close to the truth there.

  44. Alex says:

    39- For anon to draw that conclusion is just further evidence how deranged and twisted his “mind” is.

  45. D-FENS says:

    The Associated Press ✔ @AP
    BREAKING: Dallas police chief says suspect said he was upset about recent shootings, wanted to kill whites.

  46. grim says:

    Good to know that BLM has turned into the KKK.

  47. Not Comradey says:

    Only ones that stop bad cops are good cops.
    If good cops don’t stop bad cops (thugs under color of law)
    Good cops get tainted just like bad cops.
    Our rule of law based justice system and society work on INTEGRITY
    INTEGRITY dissappears when good cops don’t stop bad cops.
    You end up 3rd world situation because is probably a thug under color of law.

    2 Big things contributing to the mess are:

    -The money — Whether is asset forfeiture and money going for toys (look up Bal Harbour Police scandals) + (DEA program was created here in NJ, both county (Somerset & Middlesex) prosecutors that pioneered it stole from it and were caught.)
    Or is just towns hunting down anyone for revenue to fund their operations, you end up diminishing the whole good cop thing, because sooner or later people realize that is just a “stick up” under the color of law (see Washington Post series)

    -Reinstate the minimum of 5’10” to be a cop. I don’t want to be specific. But in my experience the calmest, mellow guys were 6′ and taller, the smaller the more likely you were to be bullies and aggressive. (yes, I’m over 6′ – so it might be my personal prejudice)

  48. grim says:

    Agree, forfeiture should be remitted to the state and not used to fund law enforcement. This is a major issue.

    In addition, militarization of police, not just in equipment, but in culture. 9/11 is the clear turning point here.

    You joke about height, but I am serious about dress code. No BDUs, no military garb. Officers need to be dressing in uniforms that are closer to suits. Look at NJ troopers, old photos of cops. Slacks, dress shoes, button down, tie, jacket.

    AND HIT THE BEAT, on FOOT. Establish quotas on COMMUNITY OUTREACH and conversations, not citations and tickets.

  49. grim says:

    There is no situation, ever, I don’t care what is going on, where a cop should look like this.

    http://www.commondreams.org/sites/default/files/styles/cd_large/public/views-article/police_swat_drill_0.jpg?itok=WOCbmH-b

  50. Not Comradey says:

    In short, you need a lot of house cleaning. You need to get rid of small & medium size departments. Big are bureaucratic, but properly managed bureaucracies are the enemy of special favors, which is what you need in police work to prevent blue walls of silence. bureaucracy’s logo is “we do favors for no one”.

    Look up on how the RMCP (Royal Canadian Mounted Police) – that handle Federal police duties, State or Provincial provincial police duties except in Toronto and Quebec, and Local duties in many areas handle discipline and rotation of personnel. This is key because they keep people moving, not allowing clicks to develop which would become a blue wall of silence and violate the SOP of the organization.

    An example is – how Jersey City’s Police ESU had a little group called 3%, which they put it on their patch, is a BIG flag of problems. That means loyalty to their click NOT the organizational duties.

    This behavior in the RCMP/FBI would attract immediate attention and disciplinary intervention.

    For extra flavor in sauce, add on going psychological evaluations and random integrity monitoring systems.

  51. 3b says:

    51 I saw a young Bergen county cop a couple of weeks ago. Short sleeves tattoos up and down both arms!! Very unprofessional imo . Looked like a thug!

  52. Not Comradeys says:

    Final one, no more.

    One more item for the sauce. The police union have to stop giving out those shield to members and their families.

    All they mean is “I’m above the law”. Not the message to send now.

  53. Comrade Nom Deplume, Right Wing Extremist (per anon) says:

    [9] DFENS


    Luke McAuliffe ‏@LukeMcAuliffe 8h8 hours ago
    To all the people popping fireworks in Dallas in celebration of these officers who have passed and shot. You should be ashamed of yourself.”

    Not surprised, Dallas is a sh1thole.

    Let the place go Baltimore. Problem will largely solve itself.

  54. Comrade Nom Deplume, Right Wing Extremist (per anon) says:

    [39] twitiot,

    “in my view what Baltimore needs is justice, universal healthcare, childcare, job training, more sweden, and less of a somalian Ragnar-style society”

    Putting aside the fact that it is already Mogadishu on the Chesapeake, I fully endorse your prescription, provided it is locally adopted and locally funded. I think it won’t solve problem no. 1 but at least the contagion is contained.

  55. D-FENS says:

    You’re a rebel these days if you don’t have a body piercing or a tattoo. Everyone has them now.

  56. D-FENS says:

    In other news…the Star Ledger Editorial Board argues that scrapping the tax agreement with Pennsylvania would net the state $180 million.

    http://www.nj.com/opinion/index.ssf/2016/07/christies_right_scrap_this_bizarre_tax_deal_with_p.html#incart_river_home

  57. D-FENS says:

    If rioting…shootouts…looting…etc keep happening in American cities how long before millennials realize they don’t want to raise a family in the middle of it and begin to move back to suburbs?

  58. [59] I think they’ll just drive the underclass out to the suburbs, in fact it’s already happening. Being the savvy landlord than pumpking is, he’s about to take in some Paterson boarders in the big house to make his property tax vig.

  59. The Great Pumpkin says:

    You are right. I want to maintain my property values. Who wouldn’t?

    You have to understand where we live before you start advocating for lower wages. You can’t save money on the backs of govt workers, just because you pay taxes. These people need a decent life too.

    Your entire argument is that costs are too high for YOURSELF. Because you want a cheaper cost of living, you are advocating for the lowering of wages for workers across the board. You want deflationary measures to kick in, and that just won’t happen here. Because you are a “renter” you have no problem advocating for deflationary measures in housing. I get it. Guess what, there are legions of homeowners out there that don’t want to lower wages and end up with lower housing costs. You want to rob them of their value they put into housing and put it in your pocket, just so you can have cheaper housing(in general, lowering cost of living). My advice is to go to a lower cost of living state.

    You are right. I justify paying people more in nj than other states because it’s a higher cost of living state and want to protect the money I put into housing. I do not want to see deflationary measures kick in in this state. If you ever start seeing things get cheaper in this state, it’s the end of jersey as we know it. Deflationary spirals are the final nail in the coffin for economies. You never recover. All value is lost.

    Not trying to be a dic!, just telling you the dead honest truth.

    3b says:
    July 8, 2016 at 9:21 am
    36 Christie is guilty of many things but to say he woke up one morning and decided to target teachers and public workers is nonsense. The benefits paid ate and promised are not sustainable it’s as simple as that.! Promises were made years ago for votes on the back of future generations, now we have your generation the millennials who don’t have pensions don’t have 401k s in many cases or don’t have the match. Have uncertain jobs career prospects high health costs student loans child care and on it goes. These are your people the very same ones you want to pay big bucks for crap shacks and the requisite high property taxes to fund these public sector golden benefits. Who cares about them?? At the end of the day it seems to me all you care about is the value of your properties all your arguments go back to reinforce and justify those values and the maintenance of those values.

  60. The Great Pumpkin says:

    I also wanted to add to this. Everywhere I look when it comes to foods (take-out/restaurants/supermarket), inflation has been creeping up the past month or two. No doubt in my mind that inflation/wage inflation is finally coming.

    grim says:
    July 8, 2016 at 8:34 am
    And hourly wages up 2.6% yoy? Not surprised gold up through the roof. Between Brexit, the impact on bond markets, Fed pause, and now the prospect of a booming US economy – I’m sure the calls for hyperinflation are going to be coming any second now.

  61. 3b says:

    62 your post is too long to respond to in its entirety so I will summarize. My position has nothing to do with me renting. I owned for years and sold. I could by tomorrow if I chose to without a blink. I choose not to. I am not one of those sit where I stand people. I analyze all the known facts weigh pros and cons then make a decision. My decesion are not made on how does this impact me as in well if I hold one particular belief that negatively impacts me so I take the other position. How the decesion impacts me has no bearing on what I believe. My concern is for my children if they decide to stay here long term and all their counterparts in their age group. They are being screwed every way they turn. I don’t believe any of these young people should be held hostage and pay for promises made on their backs. As for the public schools in nj I am not all that impressed especially so on the high school level.

  62. 3b says:

    More than a few formerly nice areas of Bergen county looking like the inner city. That horse has already left the barn.

  63. walking bye says:

    D-Fens, Im not sure but believe part of this started with the push using vouchers vs the 1950 to 60’s inner city tenant housing projects. The government really doesn’t want to be landlord. Im sure Grim working under president Trump will find a way to outsource this program though.

  64. grim says:

    Probably.

    But what sticks in my mind is that he who owns the property … rules.

    This has always been the case. You can argue that maybe this doesn’t apply to primary homeownership. But I would argue that property equals power and wealth, and can make or break. Fortunes were made with dirt, and lost over dirt. Wars are fought over the ownership of dirt.

    I’m not ready to abandon the construct as being central to nearly everything.

  65. D-FENS says:

    Events like these change cities….

    https://www.youtube.com/watch?v=gC2ObNqHq7E

  66. D-FENS says:

    for generations

  67. Alex says:

    67-

    Grim, all true points with one caveat. And that is as long as you pay your property taxes. If you don’t, you’ll see how quickly your “power” evaporates, and who really has the power.

  68. nwnj3 says:

    I don’t see it happening in TX, not much tolerance for rioting or looting down there, after all they sent in a bomb after a few hours to obliterate this guy.

  69. 1987 Condo says:

    #50..I’d advocate for the return of the 2 man patrol car..it went away in the 70’s (at least in NYC) as a result of budget crisis. It is clear to me that the current crop of officers would benefit from knowing they had built in back up.

  70. 3b says:

    67 perhaps not always. In my little world and with my situation I have the power. Some of my friends who own are stuck. A single family home is not necessarily the road to riches it might have once been.

  71. The Great Pumpkin says:

    You know what is racist? How white individuals being shot and killed by police officers never ever make national headlines. They don’t even make local news most of the time. What does that tell you? Our country is racist. No one cares when a white man is shot by the police, only when it’s an African American. The result of this; people only think that African Americans get shot by police. Nothing bad ever happens to anyone else based on the media.

    Divide our country to sell a story that will sell. Now you know why money is the root of all evil.

  72. The Great Pumpkin says:

    Landowners will always rule a capitalist based economic system. No way around it.

    3b says:
    July 8, 2016 at 1:47 pm
    67 perhaps not always. In my little world and with my situation I have the power. Some of my friends who own are stuck. A single family home is not necessarily the road to riches it might have once been.

  73. 3b says:

    75 trust me pumpkin you are never going to rule anything! If it makes you feel better that you are landed gentry enjoy!! Enjoy your properties with out of control taxes in a rapidly declining state. You rent your land from your masters. Try not paying your taxes and see who rules!!

  74. The Great Pumpkin says:

    74- Like I said, white lives don’t matter. They never make the headlines. I’m sure most people don’t know that white people are shot and killed by police. That story doesn’t matter, it does not sell stories or support an agenda. That’s pretty racist to me.

    “The Alton Sterling and Philando Castile shootings have caused an uproar among leftists because they fuel their narrative that racist white police officers are hunting down innocent black men. But the statistics – brought to light by the superb work of Heather MacDonald – tell a different story.

    Here are five key statistics you need to know about cops killing blacks.

    1. Cops killed nearly twice as many whites as blacks in 2015. According to data compiled by The Washington Post, 50 percent of the victims of fatal police shootings were white, while 26 percent were black. The majority of these victims had a gun or “were armed or otherwise threatening the officer with potentially lethal force,” according to MacDonald in a speech at Hillsdale College.”

    http://www.dailywire.com/news/7264/5-statistics-you-need-know-about-cops-killing-aaron-bandler

  75. nwnj3 says:

    Sounds like two people constantly trying to reaffirm their world views and life decisions.

  76. grim says:

    I excluded homes from my comment.

    But on the other side of every rent payment is an owner.

  77. The Great Pumpkin says:

    Owning land is better than gold. If shi! hits the fan and the economy hits the reset button. The owners of the land will own the only thing of value at the start of another rebuild of the economy. Stocks and everything else will lose their value before land or gold do.

    Renters will never have power or makes the rules. Never have, never will.

    3b says:
    July 8, 2016 at 2:18 pm
    75 trust me pumpkin you are never going to rule anything! If it makes you feel better that you are landed gentry enjoy!! Enjoy your properties with out of control taxes in a rapidly declining state. You rent your land from your masters. Try not paying your taxes and see who rules!!

  78. nwnj3 says:

    If SHTF and their was a Wiemar type hyperinflation I’d take the gold.

  79. The Great Pumpkin says:

    Why? Gold can’t produce wealth, can only hold value.

    nwnj3 says:
    July 8, 2016 at 2:29 pm
    If SHTF and their was a Wiemar type hyperinflation

  80. homeboken says:

    Or in Pumpkins case:

    The petulant grandchild of “Landowners will always rule a capitalist based economic system. “

  81. 3b says:

    If the economy hits a reset and it all collapses owning your land won’t help if you can’t pay your property taxes? Who will pay them the millions unemployed ? No us renters will just come to your property and squat on it pitch tents and plant fruits and vegetables. And for you it always comes back to your property values. Trees through the forest grass hopper!!

  82. nwnj3 says:

    Idiot(I thought you were leaving for good instead of posting under a litany of alternate names and then reemerging a few weeks later?) there is plenty of discussion of the value of gold out there that doesn’t need to be recounted here. Bottom line is that it’s portable, can be easily hidden and will always have value. You can’t say any of those things about land.

  83. grim says:

    If the shit hits the fan, it don’t matter, I’ll just kill you and take your gold, your food, and your land. If your wife is lucky, I’ll take her for my harem. And we’ll bbq you over a spit for dinner.

    I mean, if we’re going post-apocalyptic fantasy here, why not go all out?

  84. The Great Pumpkin says:

    Bull market continues to defy skeptics. Might be a record close!

  85. 3b says:

    78 no. Just my opinion. I have found over the years that I have been right more than wrong. I just point out that one posters whole premise for everything is their property. My opinions and views are based on a multitude of issues thoughts. And I will stop there as far as today’s discussion with him is concerned.

  86. 3b says:

    79 true. And in my case that’s neither here nor there.

  87. Fast Eddie says:

    [86],

    Brilliant! lol!

  88. Well, you’re back here like a plague and making everyone else miserable so it’s not a far reach(around) to figure out what you’re doing with your other hand.

    The Great Pumpkin is coming!

  89. Not for NHMD. Hahahahahahahahaha

    Bull market continues to defy skeptics. Might be a record close!

  90. joyce says:

    I don’t think this happened.

    grim says:
    July 8, 2016 at 8:43 am

    The kid pulled out what looked like a real gun, and aimed it at cops.

  91. Then again, NHMD, being a Consumer Staple might be defensive stock. You know, the kind of stock that investors buy when the market looks unsteady and the failed trader has just shot themselves in the head, but muscle memory is still driving them to try to make just one more trade as gray matter and blood sloops onto the desk and keyboard. In Wayne do you have to report recent deaths in the house when the estate sells?

  92. Has anybody noticed how Al Sharpton, Jesse Jackson et al have kind of disappeared into the backgroung? I hadn’t really thought of it until Kissinger told me why a couple weeks ago.

  93. BTW, is there anyone you would rather hear talk about global capital flows than Gross and El-Erian? I think Gross is a little past his prime, but he sometimes throws out a few pearls. El-Erian is still on time, all the time.

  94. At current deposit rates in Japan it would take just short of 7,000 years to double your money. Buy a 50 year Swedish bond at -0.003% and it might take a little bit longer. Crazy

  95. I meant Swiss 50 year, not Swedish. Maybe a difference without a distinction?

  96. Yellen is pounding the buy button on her desk that her staff assures here works.

  97. staff assures her works. doesn’t.

  98. GOP's broken (the good one) says:

    you see, safer to study liberal arts

    @hannahdreier

    Venezuela education collapse: 45 engineering students held up and robbed in class today as they took their final exam

  99. Ben says:

    in my view what Baltimore needs is justice, universal healthcare, childcare, job training.
    more sweden, and less of a somalian Ragnar-style society

    Healthcare are ain’t the problem in Baltimore son.

  100. Amerigeddon says:

    Don’t feed the trolls.

  101. Amerigeddon says:

    Ben (104)-

    Dope & guns the problem in Bawlamer.

  102. 1987 Condo says:

    Why does the gas tax pay $770 million for new NJT buses?

  103. D-FENS says:

    Invest your money in WTFs. They’re the latest investment craze.

  104. D-FENS says:

    @NRA
    The reports from #Minnesota are troubling and must be thoroughly investigated. #2A #NRA

  105. Libturd supporting the Canklephate says:

    Good night guilty white people.

  106. Joyce says:

    “Do your job, but don’t be a hero,” Marc Kover, the PBA’s vice president, said in a post on the organizations’s Facebook page.

    (Ok no more heroes, officially.)

    “We also encourage taking police shields and other police identifying articles off your cars,” the post said.

    (Why were they on there in the first place?)

    http://www.nj.com/mercer/index.ssf/2016/07/police_union_to_officers_limit_police_insignia_off.html#incart_river_mobile_home

  107. The Great Pumpkin says:

    112- Each bus costs $922,280? Wow!

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