Mortgage company CEO wants tax break so he can write more mortgages

From Marketwatch:

Opinion: This tax break for first-time home buyers could keep the housing market afloat

It’s not easy being a home buyer these days. U.S. home prices are high, housing inventory is low, and consumer sentiment is wobbling. A federal tax break for first-time home buyers will help.

Even with the recent interest rate cuts, there hasn’t been a material increase in the number of homes being purchased: new home sales dropped 12.8% in June, the largest decline since July 2013, and continue to be sluggish. Instead, these cuts have boosted the refinance market. The total volume of mortgage refinancings is on track to swell $678 billion in 2019 from $458 billion in 2018, the Mortgage Bankers Association reports. This refinancing boom should continue at least for the next several months, given that more than 8 million homeowners are eligible to save  $266 per month on average by lowering their monthly payment.

As the purchase market remains soft, I’m concerned that this deceleration will continue, especially as the broader U.S. economy weakens. Having managed a large mortgage company during and after the financial crisis of 2008, I know that it’s vital for the U.S. housing market to remain robust and resilient. 

That’s why a tax break for first-time owners is necessary so that they can more easily afford to purchase a home. Most of these first-time buyers are millennials. This generation of young Americans make up the largest group of home buyers, at 37% of the overall market.

It’s time to re-adopt the tax break for first-time home buyers at the federal level. A similar measure was introduced in 2008 and provided a credit up to $7,500 for first-time home buyers. This initiative could be structured as a zero-interest loan that is paid back over several years or as a full credit. This eligibility for this credit could be targeted exclusively to first-time buyers over the next two years, which could be enough time for many young Americans to take advantage of this opportunity. 

While many states have their own versions of first-time home buyer programs, it’s important to have a nationwide initiative so that home buyers are treated equally and fairly across the country. Pairing such a narrow-in-scope credit with the mortgage interest-rate tax deduction should serve as tailwinds for home buyers who are currently unable to purchase a home, even though they have the capability and intention to repay a loan. Such a tax break is indeed a counter-cyclical policy that should help to sure up confidence in the housing market before it deteriorates more fully.

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

101 Responses to Mortgage company CEO wants tax break so he can write more mortgages

  1. dentss dunnigan says:

    First

  2. dentss dunnigan says:

    Oh yeah ….Happy indigenous peoples day

  3. Fast Eddie says:

    From NPR:

    “It’s become a trend,” (Baley)Champagne said. “It’s about celebrating people instead of thinking about somebody who actually caused genocide on a population or tried to cause the genocide of an entire population. By bringing Indigenous Peoples’ Day, we’re bringing awareness that we’re not going to allow someone like that to be glorified into a hero, because of the hurt that he caused to Indigenous people of America.”

    I’m surprised the left hasn’t declared Santa Claus a ped0phile. What’s taking them so long?

  4. ExEssex says:

    Putin must be so happy with his investment in Trump.

  5. ExEssex says:

    “Putin likely can’t believe his luck” at Trump’s withdrawal of US troops from the Kurdish region on the border of Syria and Turkey, a Western military official from the anti-ISIS coalition told Insider.
    Syrian troops entering Kurdish-held Rojava represents a massive victory for not only Syrian dictator Assad, but also Putin and the Iranians, who had long demanded the Americans withdraw from the corridor that links northern Iraq to eastern Syria.
    “Putin continues to get whatever he wants and generally doesn’t even have to do much,” a NATO official told Insider. “He got to sit back and watch the Turks and the Americans unravel five years of success and not only did it not cost him anything, he didn’t even have to try to make it happen. Small wonder he’d interfere on Trump’s side in an election.”
    Syrian President Bashar al Assad – backed by his Russian patrons – moved Monday to exploit the collapse of the US military presence in northeastern Syria by driving troops into the previously autonomous region managed by a Kurdish-dominated militia that had been under American protection for the last five years.

    The unlikely sequence of events began last weekend after President Donald Trump ended US opposition to a Turkish offensive into Syria during a phone call with Turkish President Recep Erdogan. The call ended both the US mission to fight ISIS and to reduce Iranian and Russian influence in war-shattered Syria. It left Tehran, Moscow and Damascus with a huge victory that required little more than watching the American presence disappear on its own.

    Because of the Turkish invasion and the American pullout, Syria is wide open to return to Assad’s control
    “Putin likely can’t believe his luck,” said a Western military official from the anti-ISIS coalition who recently served in Syria. “A third of Syria was more or less free of ISIS and its security was good without any involvement of the regime or Russia, and now because of the Turkish invasion and American pullout, this area is wide open to return to government control.”

    “What was supposed to be a diplomatically complex issue that would have involved US and European military power suddenly got as simple as sending in tanks and units unopposed throughout the eastern third of Syria,” the official who does not have permission to speak to the media said.

    Syrian troops and their Russian advisors were invited into the enclave that Kurds call Rojava by the head of the Syrian Defense Forces, a Kurdish dominated militia that with US assistance had driven ISIS out of northeastern Syria, after the realization that the Americans would do nothing to protect the group from an invasion of Turkish troops and Syrian rebel proxies along the border.

    SDF commander Mazlum Kobani defended the decision to partner with the Syrian regime and its Russian backers in a statement that explained the group was left without a choice in the face of Turkish aggression.

    “We know that we would have to make painful compromises with Moscow and Assad,” he wrote. “But if we have to choose between compromises and the genocide of our people, we will surely choose life for our people.”

    1,000 American special operations troops plan a hasty exit from the battlefield
    The effect on Sunday was almost immediate. Syrian military units entered the area, driving towards the northern border and a possible confrontation with Turkish forces, as about 1,000 American special operations troops planned a hasty exit from the battlefield. Syrian government media and Kurdish SDF sources confirmed the Syrian troops would take control of the cities of Manbij and Kobani before either could be occupied by the Turks and their proxies.

    At least part of the US presence appeared to be in disarray as Turkish troops and proxies took control of key roads and population centers in a 20-mile band along the border. Two US outposts in the western portion of the now contested border region appeared to have been cut off from other US units by road, leaving about 100 troops at least temporarily unable to move as they coordinated in an increasingly complicated battlespace.

    “The US patrols from Kobani have been cut off from the eastern half of Rojava where we expect them to exit Syria into [northern] Iraq,” said an SDF commander reached in Kobani. “We cannot help them. They are negotiating with the Turks.”

    Putin, Assad and Iran had long demanded the US leave. Now it has.
    Syrian government troops entering into Rojava without a fight represents a massive victory for not only Assad but also Putin and the Iranians, who had long demanded the Americans withdraw from the strategically critical corridor that links northern Iraq to eastern Syria.

    With the Americans out of the way, government-controlled Syria is likely to increase by about a third. That will likely include key ground transport lines and the large oil fields around Deir Azzour.

    “Putin continues to get whatever he wants and generally doesn’t even have to do much,” the NATO official said. “He got to sit back and watch the Turks and the Americans unravel five years of success and not only did it not cost him anything, he didn’t even have to try to make it happen. Small wonder he’d interfere on Trump’s side in an election.”

    Turkey’s plan to flood Europe with millions of refugees if it is condemned for attacking Syria is a real and dangerous threat, officials warn
    ISIS has a plan to bust out 70,000 supporters from Kurdish jails now that the US has abandoned the area to the Turkish military

  6. leftwing says:

    Ridiculous lead-in piece….millennials are too stretched to afford their current payments so let’s make it easier to throw a ton of debt on them to purchase a highly leveraged asset they can’t afford ahead of an economic downturn.

    Guy’s an industry hack.

    It’s the definition of a suicide pass….Smith is down!

    https://www.youtube.com/watch?v=mQ6Vonm4Qnw

  7. leftwing says:

    https://www.nytimes.com/2019/10/14/nyregion/essex-county-jail-immigrants.html

    The new state logo should be “NJ and You…living above your means for a generation”. LOL.

    From the NYT:

    In 2011, lawmakers in Essex County, N.J., agreed to house detained immigrants at the local jail in exchange for what would eventually add up to around $200 million from the federal government. Across the country, hundreds of other local communities were shoring up their budgets with similar deals…

    Lawmakers in the county, a longtime Democratic stronghold in one of the bluest regions in the nation, are now caught between their reliance on steady income from the federal government and anger from a more activist left…

    Essex County lawmakers, who say they have improved conditions at the jail, point to pragmatics. The county receives a day rate for each detainee it holds, which last year totaled about $35 million. It now houses about 800 immigrants in addition to its regular population.

    “Government cannot fund itself entirely on property taxes, so it is important that government find other sources of revenue,” Joseph N. DiVincenzo Jr., the Essex County executive and one of the most powerful Democrats in northern New Jersey, said in a statement. He declined to be interviewed for this article.

  8. ExEssex says:

    Gary wishes Trump would cum on his tits.

  9. joyce says:

    Man drives five hours for surgery insurance won’t cover [and saves $27,000 out of pocket dollars]

    https://www.msn.com/en-us/news/us/man-drives-five-hours-for-surgery-insurance-won-t-cover/ar-AAIEc5g?li=BBnb7Kz#page=2

  10. ExEssex says:

    Joyce – does that mean you can save big on your gender reassignment procedure??

  11. CecilLok says:

    Love. Hot Sex. Fun. You can find all this on the site https://beautygirl.online/

  12. leftwing says:

    Why’s everyone beating up Joyce?

    I know we lost Ex who had it out for her, but everyone else now is piling on?

  13. ExEssex says:

    I hope I have me a fat Asian baby one day.
    I’ll name him Gary Donald and let it decide which
    Gender it wants to be.

  14. ExEssex says:

    10:58 she’s snarky as hell White Knight!
    She likes the abuse. Dates cops for the same reason.

  15. Fast Eddie says:

    Essex,

    snagajobdotcom has a lot openings.

    I’m sure you can find something on your level.

  16. ExEssex says:

    11:15 valid point.

  17. D-FENS says:

    ABC news caught red handed completely faking video footage of Syria. They took video of a range shoot in 2017 and passed it off as footage of Turkish Troops firing on Kurdish positions.

    Lying sacks of Sh1t would have us go to war.

    https://twitter.com/PolishPatriotTM/status/1183695628288827392

  18. D-FENS says:

    The top right of the video is a youtube recording of a night shoot at a gun range in Kentucky.

    https://www.youtube.com/watch?time_continue=21&v=BrH8bClnlzQ

  19. D-FENS says:

    On the real news front, They Syrian Army has moved in to Kurdish towns to repel Turkey. So we’re back where we started before the Arab Spring.

    https://www.haaretz.com/middle-east-news/syria/syrian-kurds-shift-alliance-and-make-deal-with-assad-government-to-rebuff-turkey-1.7971230

  20. Grim says:

    No such thing as a Middle East ally.

    The relationships exist only as they are convenient.

  21. leftwing says:

    DFENS, that is a crazy tweet.

    You be tossed out of any university no questions asked if you ever turned in a paper with that level of deceit. And this is our national news?

    Unbelievable.

  22. D-FENS says:

    It’s just a bunch of dudes shooting tannerite with tracers at night in Kentucky…and they literally put it in their ‘in depth’ report entitled “All out Military assault breaks out against Kurdish Civilians”

    leftwing says:
    October 14, 2019 at 12:37 pm
    DFENS, that is a crazy tweet.

    You be tossed out of any university no questions asked if you ever turned in a paper with that level of deceit. And this is our national news?

    Unbelievable.

  23. Libturd, seen crazy things done with ping pong balls. says:

    I remember Trump promising he would reveal his income taxes.

    PASS!

  24. Libturd, seen crazy things done with ping pong balls. says:

    I don’t remember Trump admitting his lies.

    Pass!

  25. Fast Eddie says:

    I remember Oblammy telling us if we liked our doctor, we can keep our doctor.

    PASS!

  26. Fast Eddie says:

    Tell Vlad I’ll have more flexibility after the election.

    PASS!

  27. leftwing says:

    Lib, you mean I can’t believe everything a politician says…..damn, I feel so stupid now….

    This was the national news. The video was sourced from the internet and edited to take out flares and people with cell phones that didn’t fit the narrative. It is no mistake or error.

    It’s a boldfaced effort to deceive you by the people given the megaphone who wrap themselves in ‘integrity’.

    Trump doesn’t pretend to be something he’s not….he’s always been a blowhard, exaggerating, lying fool.

    Yet MSM and the Left wrap themselves in a ‘holier than thou’ flag and then pull the same sh1t. That makes them much worse.

    I don’t have a problem with someone being a douche to my face.

    I have a major problem with people who claim to be my friend and being a douche to me behind my back.

  28. leftwing says:

    In case anyone wants to invade Iran next…..

    http://www.knobcreekrange.com/events/featured-events/machine-gun-shoot/schedule-machine-gun-shoot

    this is where the footage was filmed in 2017

  29. ExEssex says:

    Personalities like Trumps are common .
    It’s his stupidity that make him unfit for office.

  30. Libturd says:

    Yes ABC blew it. I doubt it was intentional and they quickly apologized. Still waiting for Trump to admit a blunder. So far, I’ve kept all my doctors by the way. And honestly, the big issue the Red Team had with ACA, was not being forced to enroll if you didn’t have private insurance. Of course not letting women choose, is desired. Well, because they are women.

    Trump lies with such regularity that no one believes a word that comes out his mouth. Just a horrible disgrace. Can’t wait for Warren to call him out on a national stage. All he’s got is Pocahontas. Hope it’s enough.

  31. Fast Eddie says:

    The media Trump lies with such regularity that no one believes a word that comes out his their mouth.

    There, fixed it.

  32. leftwing says:

    “I doubt it was intentional…”

    Where does this wishful thinking come from?

    It’s not like the ABC editing room mixed up videos of concurrent conflicts in Syria and, say, Golan and broadcast the wrong video for each conflict.

    ABC was not in the KY woods filming a gun shoot by a bunch of hillbillies two years ago…they did not have that live footage on file.

    What happened is someone at ABC went to the internet to seek footage that did not exist from their team on the ground and then they edited out items from that internet footage that did not fit a Syrian narrative.

    It was direct. It was intentional.

    And who gives a fcuk if they are sorry. Seriously, what the hell does that matter?

  33. D-FENS says:

    It’s not a mistake. Someone at ABC went through the trouble of editing out the range officer yelling ‘fire’ and ‘cease fire’ at the beginning and end of the video…as well as cropping out all of the people watching holding up their cell phones at the bottom of the shot.

    It’s not fake news…it’s outright brainwashing. You can’t believe anything you see anymore.

  34. Libturd says:

    ABC news lied!!!

    Your president completely fukced up and all you’ve got is a mistake on ABC. Want to see some real news?

    https://twitter.com/akramsalih7/status/1182966985979842560?s=21

  35. Juice Box says:

    interesting write up from KashKari

    Fed just announced a $60 billion a month standing facility to address.

    Background: The systemically important repo market is where banks can quickly borrow cash in exchange for collateral like U.S. Treasury notes. Rates in the market jumped well above the Fed’s target rate in recent weeks, prompting around $300 billion in daily injections from the New York Fed.

    Market participants have grumbled that the Fed’s inexperience and lack of knowledge are to blame for the crisis.
    Between the lines: However, Kashkari points out that the Fed provides a so-called discount window where banks can access cheap emergency funding to deal with exactly the sort of liquidity squeeze that hit the repo market. They just don’t want to use it, which renders the window ostensibly useless.

    “They don’t like it because they think it makes them look weak,” Kashkari said. “They don’t want to use it so the New York Fed should have run to comfort them more quickly with a new facility… That’s called the height of entitlement if ever there was one.”
    “Banks are supposed to plan for their own liquidity needs. They did not do that adequately. And now they’re complaining because they failed to plan.”
    Flashback: Looking back at his time working under former Treasury Secretary Hank Paulson, Kashkari said the same problem presented itself in 2008 during the financial crisis.

    https://www.axios.com/neel-kashkari-minneapolis-fed-wall-street-interview-c00f31b1-d29c-4808-91f9-90445e84e7fa.html

  36. Libturd says:

    Waiting for the Trump apologies.

    There’s not enough internet to list every intended lie that Fox presents.

    Truth is. If the ABC lie is all you’ve got, then you really don’t got much. Lots of our former allies and potential future ones are no more. Can’t wait for the return of Isis.

  37. D-FENS says:

    Then pick up a rifle and go. I’m not going and I’m not sending my kids.

    Libturd says:
    October 14, 2019 at 2:01 pm
    ABC news lied!!!

    Your president completely fukced up and all you’ve got is a mistake on ABC. Want to see some real news?

    https://twitter.com/akramsalih7/status/1182966985979842560?s=21

  38. Juice Box says:

    Next Dem Debate is tomorrow. Should be interesting to see what they are giving away this week.

  39. D-FENS says:

    https://twitter.com/jenanmoussa/status/1183647090762752001

    @jenanmoussa
    I’ve just interviewed a dozen kurdish civilians in Derik in north Syria. I am not saying this is an official poll but its significant that they all said they prefer Syrian army to Turkish army.

    Also nobody I spoke to has plans to leave once the Syrian army arrives.

  40. Libturd, seen crazy things done with ping pong balls. says:

    D,

    Your arguments are extremely shallow. Why don’t we just drop a bomb and let god sort them out?

    Hell yeah, yippee kay yah motherfukca.

  41. Libturd, seen crazy things done with ping pong balls. says:

    D,

    Did you ask them if they preferred American support over Syrian army?

    Dumbest post of yours yet. Turkey abhors the Kurds. Syrian army will get eaten alive by ISIS and their international support. But thanks for stating the obvious.

    Bloods on the hands of Trump. Maybe that puzzy he grabbed was menstruating?

  42. D-FENS says:

    I wonder what base they’d “fight” Turkey from? Incirlik or Izmir?

  43. Libturd, seen crazy things done with ping pong balls. says:

    It’s really incredible how a guy who lied about being downtown on 911 (among 2,000 other things) is so hell bent on keeping his promises?

    Oh right. Trump’s ego is all that matters.

  44. Libturd, seen crazy things done with ping pong balls says:

    We also have two airbases in Cuba dorkus malorkus. What’s your point?

  45. leftwing says:

    “If the ABC lie is all you’ve got, then you really don’t got much.”

    Really? Constitutionally protected part of our form of government. Uniquely granted prior restraint under that Constitutional law provided they maintain neutrality.

    They are not part of the political edifice like any President, Governor, Senator, or Representative. They networks’ entire existence is constitutionally protected.

    World of difference between Trump, Clinton, Long, Packwood, Menendez, etc. and ABC/CBS/NBC when it comes trust.

  46. Libturd, seen crazy things done with ping pong balls says:

    I think Trump and Fox are on a completely different plane, but so be it. The economies turning and it’s going to take the whole dishonorable ship of fools with it.

    Why does FOX get a pass too?

  47. Libturd, seen crazy things done with ping pong balls says:

    Not defending any on your list by the way. I’m not that stupid.

  48. leftwing says:

    The cable providers are known to be biased and political. I don’t beat up on Fox or MSNBC/CNN.

    The Big Three are supposed to be neutral. They are anything but.

  49. Charlesvaf says:

    Under league rules, each team provides balls for use on offense. Referees approve the balls more than 2 hours before game time, then keep the balls until they’re turned over to ball handlers provided by home teams just before kickoff.
    “I think when you’re young, there is no perspective,” the 37-year-old quarterback said Wednesday. “Now that I have a little perspective on it, yeah, it’s hard to do. To do what we accomplished in a short period of time was amazing.”
    The Cardinals also signed wide receiver Travis Harvey and guard Nate Isles and released quarterback Chandler Harnish.
    McCown is looking to bounce back from an uneven performance against the Bills. He threw interceptions to end Cleveland’s first two drives before leading the Browns to a field goal. He’ll be facing his former teammates when the Browns visit Tampa Bay on Saturday night.
    That bombardment hasn’t much abated in 2015, with at least eight players arrested, a star suspended, an agent indicted and a Hall of Famer fired.

  50. ExEssex says:

    And over the weekend, State and Energy Department officials were quietly reviewing plans for evacuating roughly 50 tactical nuclear weapons that the United States had long stored, under American control, at Incirlik Air Base in Turkey, about 250 miles from the Syrian border, according to two American officials.

    Those weapons, one senior official said, were now essentially Erdogan’s hostages. To fly them out of Incirlik would be to mark the de facto end of the Turkish-American alliance. To keep them there, though, is to perpetuate a nuclear vulnerability that should have been eliminated years ago.

    “I think this is a first — a country with U.S. nuclear weapons stationed in it literally firing artillery at US forces,” Jeffrey Lewis of the James Martin Center for Nonproliferation Studies wrote last week.

    For his part, Mr. Erdogan claims nuclear ambitions of his own: Only a month ago, speaking to supporters, he said, he said he “cannot accept” rules that keep Turkey from possessing nuclear weapons of its own.

  51. Libturd, seen crazy things done with ping pong balls. says:

    Left,

    I would expect all news sources to be neutral. Didn’t realize being on a major network had different requirements. Thought all that major/minor sh1t kinda went away with cable.

  52. Bystander says:

    Big three neutral? That is hysterical. They are the greedy capitalists of highest order. They will not push any message that alienates a potential viewer. Unfortunately the conservative message is one of gay exclusion, gun fanatics and war on Christian values. It does not play well with more populous and (more importantly) rich city areas.

  53. Bystander says:

    Fox News is too narrow minded. News, news, news..why no drama series? The Liberal dead, mexican and queer zombies attack good Christian farm families. Focus on guns and zombie head shots..winner.

  54. No One says:

    I guess this group of young people won’t be buying NJ real estate. Except maybe in Montclair
    https://www.townandcountrymag.com/society/money-and-power/a29008841/rich-kids-revolution-resource-generation/
    What a bunch of pukes.

  55. leftwing says:

    I love that qualifier “excess wealth”. So Sam Jacobs, son of billionaires who never worried about anything financial in his life, will keep, what, ‘just enough wealth’ to keep him comfortable?

    Reminds me of blowhards like Buffet, agitating to take everyone else’s money because he’s giving away 99% of his….which still leaves his family with $815 million…..

    If you’re going to donate, it’s personal. Do it, enjoy helping others, and leave the politics and showmanship out of it.

    If I were that Jacob’s kid parents I’d yank the trust fund right out from underneath him. Literally give him $10k and slap on the ass with a ‘good luck’ ringing in his ears and show him the door. Let’s see how he does then without any ‘excess’ wealth. Hell, he didn’t want it anyway, right.

  56. leftwing says:

    Lib, only tangentally aware of the actual rules as I follow the facebook/google debate on censorship.

    My understanding is the Big Three got a pass historically rooted in the limited broadcast spectrum. Basically, since the sprectrum was so limited the government knew it was picking the broadcast monopoly in exchange for which the networks had to be neutral.

    I didn’t think it extended to cable since bandwidth there wasn’t (as) limited.

    In reality, since the advent of cable and now with the internet broadcast ‘neutrality’ has become less relevant. Given all the news outlets today it is absurd to think that three entities can control what the entire population of the US perceives….think about it though, in the 60s if the Big Three didn’t cover a topic it literally did not exist. A tree falling in the forest that nobody hears kind of thing……

    If we are now saying the networks are much less relevant (I would agree) and should not be subject to the broadcast rules why still give them that spectrum monopoly? Yank it, auction that spectrum off like all the rest, and let the Big Three compete like everyone else for viewers with whatever agenda they want.

  57. Libturd, seen crazy things done with ping pong balls. says:

    I have a broadcast license and actually “knew” the rules pretty well. I haven’t looked them up since college, but if I remember correctly, the FCC rules were always vague when it came to neutrality. I recall it being incredibly stupid and unenforceable. Stern might have discussed it too during his censorship days. For example, the rules were written something like this. A station has the responsibility to not alter the news in any way. Something like that. What the heck does that mean?

    I’d look it up, but I have to leave for a game in Cody in a few.ibturd

  58. Libturd, seen crazy things done with ping pong balls. says:

    I have a broadcast license and actually “knew” the rules pretty well. I haven’t looked them up since college, but if I remember correctly, the FCC rules were always vague when it came to neutrality. I recall it being incredibly stupid and unenforceable. Stern might have discussed it too during his censorship days. For example, the rules were written something like this. A station has the responsibility to not alter the news in any way. Something like that. What the heck does that mean?

    I’d look it up, but I have to leave for a game in Cody in a few.

  59. D-FENS says:

    The Turks have crossed the border into Kentucky!

  60. Chicago says:

    Here is the latest ABC news footage of the offensive
    https://m.youtube.com/watch?v=zQ41hqlV0Kk&list=RDzQ41hqlV0Kk&start_radio=1

  61. PatrioticHillbilly says:

    The fake news industry has become a pathetic circle jerk.

    The propublica hit piece last week was a perfect example. Come up with a biased topic and fill the story with half truths, quotes from hacks and front groups, and then omit key contrary data.

    Once it circulated for a day or two then other fake news generators pick up the story and regurgitate it the way nj fake news did this weekend.

  62. ExEssex says:

    I am not sure if Trump lies and/or he’s just so fuuucking stupid he has no idea what he has said from hour to hour.

  63. Tuesday ExEssex says:

    ExEsexx, from your post from yesterday afternoon.

    Erdogan is at heart an Ottoman empire rebuilding Islamist. His aim is Syria overtly is the Kurd issue and to hold the Syrian refugees. Covertly is to stop the land connection via northern Iraq and Syria which allows Iranian influence. Erdogan is waiting to pounce and invade northern Iraq and expand in Syria if Al-Assad slips up again into a power vacuum. He fancies himself as the builder of the United Arab Republic like it happened in the 60’s.

    The ISIS , AQ crowd at heart is Saudi Arabia, just like Taliban is at heart Pakistan’s Intelligence. Pakistan is who will give Turkey nukes, when it gets kicked out of NATO.

    This is setting up to like be WW3. The Sunni islamist on one side. The rebuilder of the Persian Shite Empire on the other side. Russia and China are trying to curry favors for weapons sale and access to oil. We are out of the picture very much already. Things holding us there are the loose hedonistic kingdoms and Israel.

  64. Libturd, seen crazy things done with ping pong balls says:

    I remember when Turkey was that secular nation who did everything in their power to join the EC except convert from Islam to Christianity.

  65. 3b says:

    Why would Turkey want to rebuild the United Arab Republic. Turkey although Muslim is not an Arab country. He may be trying to rebuild the Ottoman Empire but as history shows empires are expensive to maintain. Turkey fears the Kurds establishing an independent country.

  66. 1987 Condo says:

    Not political, but maybe of interest…NAR-Remodeling Impact

    https://www.nar.realtor/sites/default/files/documents/2019-remodeling-impact-10-03-2019.pdf

  67. Tuesday ExEssex says:

    3b, Ask yourself why?

    Why does Turkey fears an independent Kurdistan?

    Because it’s another step in the balkanization of a middle east sunni area. When the islamist from Turkey /Saudi Arabia/Pakistan want an Ottoman Empire 2.0 with Sharia law.

    This is a variation of what’s going on in Spain with the Catalan and Basque. Different cultural groups within the same region that got treated like cr@p by the ruling group and wants out and independence. But the conservative power structure does not want it.

  68. leftwing says:

    “This is setting up to like be WW3. The Sunni islamist on one side. The rebuilder of the Persian Shite Empire on the other side.”

    Good, hopefully they wipe eachother out.

    I never understood the idea of killing others in a dispute over whose god is the most benevolent and kind.

    Somewhat fcuked up no? My god is more benevolent. But mine is more kind. But mine preaches universal love of neighbor. But mine is more forgiving. Well…fcuk you….BAM…you’re dead, that settles it, my god is more kind, loving, and gentle. [blesses self as he walks away with bloody shoes]. WTF?

    Even less comprehensible is having the SAME god and killing eachother over which person was the most legitimate successor a millennium ago to spread the message of benevolence and kindness of that one god. That is fcuking insanity.

    Maybe I just don’t understand religion. If so, I’m happy I don’t.

  69. Juice Box says:

    Kurds speak an Iranian language. Iraqi Kurdistan controls the 6th largest reserve on the planet. Their government out of Erbil signed lots of oil deals most notably with China and Russia. Chinese firms are now working in Kurdistan and NOW notably in Iraq in exchange for 100,000 barrels of oil per day (no dollars exchanged folks). Iraq will join China’s “Belt and Road” initiative.

  70. Juice Box says:

    You can expect the realignment to continue in the middle east, and it isn’t with the US.

    Our companies don’t really want this trade war either.

    Just take a look at the company “Amazon Logistics”, it’s a wholly owned subsidiary Beijing Century Joyo Courier, it’s containers are sent from ports in China to US ports and then directly from there to Amazon distribution centers, using Amazon’s AI to find the cheapest shipping. Chinese goods now have a seamless path from the cheap labor all the way to the front steps of an American homeowners porch.

  71. Fast Eddie says:

    I never understood the idea of killing others in a dispute over whose god is the most benevolent and kind.

    It has nothing to do with G0d or religion. G0d is used as a reason to gain control and power to instill a system and push forward an agenda. It’s the same as when the democrats use lesser intelligent, weak and pliable souls as weapons or tools for their personal goals. Democrats are the masters in the use of quid pro quo.

  72. ExEssex says:

    Geez Eddie. You mean to say Humanism is dead?

  73. Juice Box says:

    left – If there were no oil and gas we would not be having a conversation about religion or who was killing who over who occupies the higher ground in the desert lands since the year AD 632 or the year AD 32 or the fact that Mary the Mother of Jesus was about 12 when he was born and the prophets last and favorite wife was a child too.

  74. leftwing says:

    “Chinese firms are now working in Kurdistan and NOW notably in Iraq in exchange for 100,000 barrels of oil per day (no dollars exchanged folks).”

    Americans are pussies.

    We let a bunch of camel riding, goat slinging medieval dune dwellers establish a cartel, that we would never allow within our own borders, against our interests for an essential commodity and what do we do?

    Legitimize them by dealing with them as a peer while knuckling under to their cartel terms and letting them squeeze our balls economically.

    NFW the Chinese are going to be so stupid.

    America deserves its inevitable fall from power and ascendance of China to world dominance. We are too stupid and liberal to keep the world order.

  75. leftwing says:

    Juice, no disagreement from me on your points.

  76. Juice Box says:

    Test and gas up your generators, gale force winds next three days.

  77. leftwing says:

    Have one account getting bitch slapped today. Kind of aggravated, self inflicted wound. Fcuk.

  78. leftwing says:

    Good to know, needed to get out and blow some leaves. I’ll just leave it to Mother Nature and sit here cursing at the screen lol.

  79. Juice Box says:

    Speaking of China, I gather Lebron does not want Space Jam 2 to get banned when it comes out in 2021. Assuming he’s an exec producer, star etc and lot’s of licensing (toys, shoes etc). that’d be worth to him a few hundred million at least? Who cares about free speech in China, Lebron doesn’t so we shouldn’t right!

  80. ExEssex says:

    1:23 a librul didn’t do their bidding numbnutz.
    Oil schmoil.

  81. Libturd, seen crazy things done with ping pong balls. says:

    Is Lebron liberal? Most fantastically wealthy people I know are on the selfish red team.

  82. ExEssex says:

    It’s a pre-requisite. Yeah Lebrun builds schools, but that just feeds his ego and gives him a nice tax shelter.

  83. Juice Box says:

    LeBron James backed Hillary in 2016, that would make him a Corporate Democrat, for sale to the highest bidder.

  84. chicagofinance says:

    LeBron’s Money Matters

  85. Libturd, seen crazy things done with ping pong balls says:

    I was just playing. He’s an athlete. I respect his skills on the hardwood. It ends there. Sort of like with Trump. I respected his skills as an actor on TV. Not so much as POTUS.

  86. Juice Box says:

    Lebron’s twitter feed getting destroyed today..my favorite so far.

    Qing James

    https://twitter.com/KingJames/status/1183934569411530752

  87. No One says:

    11:45
    Complete Kitchen Renovation desired by homebuyers and realtors, costs about $70k, delivers a “Joy Score” of 10, but only gets a 59% payback.

    How many months do you have to eat takeout?

    I’ve got big large sf of Corian countertops and an island that matches. My countertop and ovens work, as does my vent and big Sub Zer0. In a redesign I’d probably add a big fancier stove like Wolf with more BTU and a fancier vent.
    Maybe if I was out of town for a month I might like a full kitchen renovation. I don’t think my joy score would reach 10 though. Food would taste mostly the same except I might be able to get my wok hotter for more pro-level stir frying.
    My observation is that the fancier a kitchen looks, the less cooking the owner actually does in it, other than a small group of serious amateur chefs.

  88. Libturd, seen crazy things done with ping pong balls says:

    Couldn’t agree more No One. The fancy kitchens in Glen Ridge look like they were never cooked in. We try to limit our eating out to necessity (timing).

  89. Juice Box says:

    re; Corian countertops

    All the rage in the 1990s, isn’t the quartz resin stuff all the rage now?

    Made in China?

    https://www.youtube.com/watch?v=PzmAIg3tyac

  90. Juice Box says:

    Realtor told me recently that people want painted white cabinets instead of real maple finished cabinets with white marble or quartz countertops. I have maple with granite with bluemotion slides and hinges, 3/4 plywood cases and 5/8 dovetailed drawers no MDF etc. Stuff is holding up real well only a few scratches that need touching up. The granite seem ok as well. I may need to change my Jenn Air cook top though the stainless is scratched from cleaning and I changed the knobs once already. The 36″ Wolf Contemporary Gas Cooktop – 5 Burners still looks cheap compared to the one I have now.

    https://www.subzero-wolf.com/wolf/configurator#sort=%40fdisplayorder82424%20descending&f:Type=%5BGas%20Cooktop%5D&f:Width=%5B36%22%5D&f:Features=%5B5%20Burners%2FElements%5D&f:Style=%5BTransitional,Professional,Contemporary%5D&wolfcategory=Cooktops%20and%20Rangetops

  91. leftwing says:

    “ExEssex says: October 15, 2019 at 2:08 pm 1:23 a librul didn’t do their bidding numbnutz. Oil schmoil.”

    Since I’m at 1:32 and there’s no 1:23 I’ll assume this is for me and you’re just day (morning) drinking again….

    Americans will be safe and secure serving the world dominant Chinese twenty years from now because your limp wristed liberals will have assured that every American will be free to delineate which pronouns are acceptable to them for their then current gender identification while the Chinese never fcuked with that ridiculousness and now own the strategic resources upon which you rely and the IP they stole from you while you were out SJWing on the Mall.

    We’ll be France. Without, of course, the world class cheese, wine, truffles, food, culture, history, and interesting people. Paradise found.

  92. ExEssex says:

    If what you are saying in your own incoherent way is that DJT is
    Somehow affecting the Chinese ascension in some meaningful way then you are deluded.

  93. leftwing says:

    No, that is truly incoherent.

    What I am saying is that the Chinese don’t fcuk around. And the ‘lifer’ politicians from both US parties not only don’t recognize that but even if they did they don’t give a sh1t. Their sole goal is to ensure their family’s well being and they will trade anything willingly to attain it. They have to trade willingly, if they are obstinate and tough they won’t receive favors in return.

    Clintons on leaving office were effectively impoverished, they had to have a donor co-sign on a million dollar mortgage for their first home. Worth $250m now. Same Obama. Romney, McCain no better. One the son of privilege not daring to rock the boat or even work (took two weeks vacation during the general election). The other a penniless total fcukup of a high military establishment figure who married extremely well and went in to politics because, well, what else does a kept husband do?

    I’ve been on record since day one the Orange One is a trainwreck. But I will say this…I’d always be more likely to vote for the independently wealthy Presidential candidate regardless of party because they don’t need to be out there collecting favors on my tab.

    So, for coherence for your remaining firing neurons, I don’t like Trump but no other President would dare get up in the grill of the Chinese, Europeans, or domestic arseholes like he is. Every single other one of them would sign some BS agreement that puts us further in the hole, bank the favor for the family, and then tell us how great it is for us as our employment moves offshore and IP is handed over for free.

  94. ExEssex says:

    Irony: Trump the most compromised leader. Ever.

  95. D-FENS says:

    TRENTON, N.J. (AP) — Records obtained by the Associated Press indicate that New Jersey taxpayers were billed about $18,000 for Gov. Phil Murphy’s recent official trip to India despite his office’s earlier statements that a privately funded group would pay for the visit

  96. leftwing says:

    Really, not.

    Dumbest? Arguable.

    Horniest? Not a chance.

    Most willing to sell out for politics? Not close. Hell, go to the founding fathers and the three fifths compromise.

    Most willing to sell the office for personal gain? Naw, I gave four easy examples of worse.

    Most insecure? Possibly.

    Whaddya thinking?

    BTW, Yanks in trouble.

  97. Blue Ribbon Teacher says:

    Altuve is tough. Great guy though. He does a lot for the kids in Venezuela buying them equipment to play ball. Amazing story too. Guy was 16, 5’6, and they thought he was lying about his age when he showed up to a tryout camp in Venezuela. He came back with his birth certificate and they were worried about him getting hurt. He just said “watch me”…and the next thing you know, he’s signed.

  98. Timely says:

    6:42 – you think given current situation and it likely intensifying significantly that things won’t get very ugly? Think about what is happening and the outcomes, the real long term outcomes. While the words and style may be appealing, where will it bring the nation to. Our debt, trade deficits, intellectual property theft, healthcare problems and education issues are a bi-partisan effort. He is in office because people became so fed up. Need to get rid of citizens united, pacs, lobbying etc. Human nature (both parties) does not change. Systems and processes need to change to force structural change.

    Lib, if your a poor kid from Akron, and you follow LeBrons rules he will pay for your tuition and you’ll get a college degree and so far, he’s put $30mm where his mouth is on that front. No scandals, no arrests, no wife issues or accusations against him. Just building schools for poor kids, giving them an incentive (sends them to college) if they behave, do their school work and all the things kids need to do to become successful adults. This country could use another couple hundred LeBrons.

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