Another good year for RE?

From HousingWire:

CoreLogic: Expect home prices to rise 5% by next November

In November, home prices climbed by 3.7% from the previous year, according to CoreLogic’s latest Home Price Forecast.

The CoreLogic HPI projects future home price growth based on several economic variables and measures the number of owner-occupied households in each state.

According to CoreLogic’s data, home prices increased by 0.5% from October and are now projected to increase by 5.3% come November 2020.

Frank Nothaft, CoreLogic’s chief economist, said the latest U.S. index shows the slowdown in home price appreciation experienced in early 2019 ended by late summer.

“Growth in the U.S. index quickened in November and posted the largest 12-month gain since February,” Nothaft said. “The decline in mortgage rates,down more than one percentage point for fixed-rate loans from November 2018, has supported a rise in sales activity and home prices.”

As home prices continue to rise, the company’s report also indicates that the nation’s Millennial homebuyers, who often tend to fit in the first-time buyer category, are still experiencing affordability challenges when purchasing a home.

During the second quarter of 2019, CoreLogic conducted a survey measuring consumer-housing sentiment among Millennial homebuyers.

The company’s findings revealed that while older Millennials are more optimistic about homeownership, their younger counterparts are not particularly confident about entering the housing market.

According to the study, 64% of older Millennials, aged between 30 and 38, claimed they were strongly considering moving within the next 12 months, while younger Millennials, aged between 21 and 29, said they planned on renting their next home. 

Despite the purchase intent among older millennials, CoreLogic indicates 43% still view homeownership as unaffordable and out of reach.

Frank Martell, CoreLogic’s president and CEO, said the company is continuing to see a split among older and younger millennials when it comes to their plans to purchase a home.

“With home prices expected to rise just over 5% over the next 12 months, affordability remains a concern for most prospective buyers,” Martell said.

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

116 Responses to Another good year for RE?

  1. grim says:

    Couldn’t help but stir the pot a little bit here. Been too long since anyone quoted me, wasn’t feeling particularly relevant…

  2. grim says:

    Market’s feeling a little toppy to me, and I really want to start the exterior house renovations this year.

  3. Blue Ribbon Teacher says:

    Got shafted on a payment from somebody in Millburn two weeks ago. They’ve ignored all my messages since then. Haha, it’s always the people living in the nicest homes that pull this nonsense.

  4. Libturd, the Master Beta says:


    Exactly. It’s also always the rich dads who off themselves. I don’t remember hearing about a single case of this before I moved to GR/PRM.

  5. Juice Box says:

    BRT – I hear Tony Sirico is looking for work.

  6. Bystander says:

    Boo hoo Grim, it’s expensive here. How much did Principal pay you? :>) Congrats on baby, old man. I had my second at 43 and boy, the energy fades.

  7. Libturd, exhibiting downward pressure, like with a plunger says:


    About the toppy market. It’s certainly not a bad time to lock in some gains. With that said, the question you have to ask yourself is how large of a market correction it will be? In my opinion, it’s going to be pretty drastic due to these three things. The FED can’t go much lower with the lending rate to stop the pain, as the lower they go, the less likely the world will find our market as the safest. Second, since Trumpy’s corporate tax plan went into effect, earnings have been driven almost entirely by share buy backs. There have been very little revenue gains to go with the EPS gains. This has also resulted in some crazy high P/Es which will also provide additional downward pressure. Finally, this bull run has been so long that many younger people were not old enough to remember the great recession (mainly pain in housing) and the tech bubble bursting (mainly in stocks). As soon as the market drops 5% a day for two or three days straight, they are all going to panic out causing additional downward pressure.

    So how big of a drop will it be? I’m going with 40-50%. Why? W’s Great Recession took the S&P from a peak of 1550 down to 650. For reference purposes, the tech bubble saw 1500 to 800. Obama peaked at 2100. Trump has us at 3300. A loss of the Trump gains represents nearly a 40% drop. Corrections tend to overshoot the bottom by about 10%. Figure we may have another month or two of gains as the Xmas quarter is revealed so maybe 3500ish. 2100 (Obama’s peak) would be exactly a 40% drop from 3500. That’s my pie in the sky guess.

    For what it’s worth, I sat with a fund guy at my son’s hockey game last night and his firm (one of the top 3 IB’s) is slowly advising their clients to move to the sidelines.

  8. 3b says:

    Lib Fed will go to negative rates and keep pushing this. If not it will be a collapse worse than the financial crisis.

  9. 3b says:

    Another year of price increases for an already inflated real estate market.

  10. Blue Ribbon Teacher says:

    Can’t use Paulie Walnuts tactics anymore. Too many Ring cameras all over the place. I have his phone number and address. That’s enough to make anyone’s life difficult these days.

  11. 3b says:

    Lib Why do you think these rich guys are offing themselves?

  12. No One says:

    1) Congrats on the baby, Grim. BTW, the stock photo of the douchy-looking dad in the article isn’t Grim, lest anyone get confused.
    2) Which rich guys are killing themselves? I doubt the stats show rich guys kill themselves more than the general population. I suspect it’s more the case that news coverage of rich guys killing themselves is a lot higher than of poor men killing themselves, making it seem a lot more prevalent than reality. Especially if said poor men kill themselves slowly with drink or other substances, which gets no news coverage at all.
    What I wonder about is these jerk dads that kill their whole family, like that Celebration FL weirdo. There was a Chinese dad in Virginia who did something similar a few years ago. My guess is they were nasty scammers who got caught, then couldn’t handle their self-awareness of that fact. Kind of like Pumpkin leaving, except he isn’t actually rich, and he won’t actually leave.

  13. Libturd, exhibiting downward pressure, like with a plunger says:

    In every case, they couldn’t live within their means. Which is completely insane. Talk to your wives and kids people!

    My finances are an open book with my family. This way, they know exactly where we stand and understand the value of money.

    I won’t reveal my net worth because quite frankly, it’s gauche. Let’s just say, we have much more saved than most of our peers and I could retire comfortably tomorrow in THIS country.

    At the rink after the game yesterday, my son asked if he could get a bottle of water from the vending machine. I asked him how much it cost. He said $3.00! I told him I get 28 bottles for $2.33 and that he should have grabbed one from home and thrown it in his hockey bag. He said right! I’ll use the water fountain. A very proud moment for sure. My peers would all call me cheap. I’m not offing myself because I can’t afford my daughter’s private cheer lessons.

  14. Juice Box says:

    No reason for a drop of 40-50% anytime soon. The credit markets haven’t even begun to stretch yet. We will boost bank lending, push capital out to businesses, and stimulate the economy. How you might ask? Negative Rates.

  15. Libturd, exhibiting downward pressure, like with a plunger says:

    No One,

    I know of three fathers in the last ten years. I couldn’t tell you if rich off themselves more than the common folk, but your right that it is definitely more press worthy. I’ll see if I can dig up the last one. I mean an article. :P

  16. Stuart J Weissman says:


    That’s my greatest fear. If this is indeed what the FED does under a maniacal POTUS, then our kid’s futures are screwed.

    I’ll be down in CR, so it really doesn’t matter. I just read that they paved the main road through the town I want to live near. This is great news.

  17. Nomad says:


    Heard POTUS is looking to do another tax cut in a few months. If so, that should keep markets going for a while. Some think a 60% drop is possible. Well educated in prime cities are doing well but thats a pretty small portion of the population. A family of four making $150k is pretty far up the food chain and even in flyover where its a lot less costly, you still have to be careful how you spend your money with that kind of income. Not much room for error.

    You ever look at the twitter for Earnings Scout

    Jesse Felder is kind of interesting too.

    Adventures in Capitalism with Kuppy has some interesting plays. Latest was shipping companies with emissions ready boats. New law prohibiting the burning of bunker means older ships have to get retrofit or go out of service.

    Usually its the people that look like they have the most bucks that are most in hock. All hat and no cattle. Rule #1, stop spending money. Rule #2, see Rule #1.

  18. market topper says:


    Why in the world would you try to time the market? Guess they are trying to make work for themselves.

    “For what it’s worth, I sat with a fund guy at my son’s hockey game last night and his firm (one of the top 3 IB’s) is slowly advising their clients to move to the sidelines”

  19. Fast Eddie says:

    China to Buy $52 Billion of Additional U.S. Energy Products:

  20. Juice Box says:

    Lib- Doesn’t matter who is POTUS. We lived under ZIRP for 10 years! It simply does not matter who is in office, it did not make a difference last time as moral hazard is the reason why the game will continue. Trillions of dollars in asset purchases of any kind isn’t off the table either. Fed did trillions trash for cash last time and will do it again.

    Right now credit is not over extended, we have a long way to go.

  21. ExEssex says:

    Doesn’t matter Eddie. The POTUS has done way more harm than good.
    His tariff driven bailout cost taxpayers 2x what it cost to bailout the auto industry.
    Not to mention all of the tariffs were paid by US consumers.

  22. market topper says:

    That’s all you need to know. Also, stop paying attention to manufacturing numbers or “traditional” market signals. America is not a manufacturing economy anymore. It’s only a small portion of our economy. We are a tech driven/service economy. This economy is different. Open up your eyes. This is not your grandfather’s economy, the same skills to read that old economy no longer apply.

    “Right now credit is not over extended, we have a long way to go.”

  23. 3b says:

    Juice negative rates are definitely coming.

  24. 3b says:

    Grim:Congrats on the new baby!

  25. Juice Box says:

    Essex are you taking about the farmers again? They got 28 Billion so far. They get that in a bad crop year anyway, China has agreed to buy $200 Billion in US goods and if they don’t sanctions will snap back into place.

    There is no way to spin the China deal as bad, even if Chucky Schumer says so as he has no credibility the markets are up to new records and that is all that matters. 291 days until the election….

  26. No One says:

    I really don’t know where stock markets are going, but at least I know that.
    What I do see is that stocks appear priced for lower future long run returns than has been typical in the past.
    On the other hand, fixed income seems priced to deliver nearly no returns over the long term.
    This is one reason pension plans are desperately seeking high claimed returns from private equity. Yet I’ve heard that on an EV/EBITDA basis, private equity assets are on average valued more highly than publicly traded stocks!
    Because of the overpricing of fixed income assets, and a lack of alternatives, I can imagine stocks going up more. I can also picture them falling a good bit. Stocks are more highly valued than average, but on a few occasions in the past (like 1999/2000) they have been valued even higher.
    I’m structurally heavily exposed to equity markets in my personal assets, and there’s not much I can do about it.

  27. Bystander says:

    I try to be a little myopic when evaluating state of economy as I have a large family, 6 kids, all college grads in 40s/early 50s. My brothers c*nt gf of 30 years completely failed starting her own food specialty. She is as smart and hard working as they come. Managed RE portfolios at insurance giants before getting canned in 2008 at 42. 10 years and a cool million lost and she took govt job in 2018, making good money. I look at stores and it is mind boggling to see new additons to beer, ice cream and vegan gluten free aisles nearly every week. So many people taking on debt to start their dream and I can’t see this ending well when contraction hits. These are flimsy jobs not mature industries. I guess they are just hoping to be bought out before whole thing collapses. There is no way it is sustainable. Only an idiot spends $6 on a small loaf of specialty bread.

  28. ExEssex says:

    If China fully complies with all the terms of the deal, that would go a long way to meeting one of Trump’s explicit goals on trade policy — reducing China’s enormous trade surplus with the U.S., which reached a record $323.3 billion in 2018. The surplus fell last year to $295.8 billion largely because of the tariffs, but that was still larger than in any year other than 2018.

  29. ExEssex says:

    But the deal does little to affect the structural imbalance in U.S.-China trade — the inbred factors that prompt Americans to buy more from China than U.S. manufacturers and growers sell there. “This is a managed-trade agreement, not a free-trade agreement,” says Raj Bhala, an international trade expert at the University of Kansas School of Law.

    That prompts doubts about how U.S.-China trade will look after the specific commitments expire in two years, especially since the agreement signed Wednesday fails to cover some of the non-tariff trade barriers that keep China’s markets largely closed to U.S. manufacturers and that ostensibly prompted Trump’s trade war in the first place. These include government procurement restrictions and subsidies to state-owned enterprises.

    “Not tackling China’s subsidies is a giant hole in the phase one deal,” Bown tweeted after Wednesday’s signing ceremony. “There’s no way to get around it.”

    Source: LA Times

  30. Juice Box says:

    “and a lack of alternatives, I can imagine stocks going up more”

    That is right don’t fight the FED.

  31. Juice Box says:

    Essex we have issues with subsides from all trade partners, and their closed markets. Rome wasn’t built in a day. Getting China to the table is a win, and the markets say so. If it was anyone else but Trump closing this deal you would think otherwise.

  32. grim says:

    Time the market? My wife wants one of those standing seam metal roofs like you see all over HGTV now.

    That shit is EXPENSIVE – like 2x asphalt shingles. Something like $20-25 grand for my little shitbox.

    Got to take down two big trees too, $6k, because no way I’m letting that crap get a dent.

    On the bright side, I’d be dead before this place ever needed a new roof again.

  33. Juice Box says:

    So Obama and Biden broke the Impoundment Control Act of 1974 I can’t see this ending well for them.

  34. ExEssex says:

    10:16 you are correct in that I hate Trump he is due for major heart attack soon or so I believe.

  35. Juice Box says:

    Grim? Don’t murder any more trees you need them to reduce your carbon footprint.

    As for the Roof? Tesla is selling their solar glass roof for $7.00 /ft² | $1.99 /watt

    Installations begin 2020 for New Jersey. enter in your address here.

    2,000 ft² roof with 10kW solar cost is $33K.

  36. grim says:

    I did the Tesla quote last time around and it was like $40k at the time.

  37. Libturd, the Master Beta says:

    I have no issue with Trump trying to work things out with China. But Phase 1 is little more than window dressing over little substance. Would say the same thing if Bernie negotiated it.

  38. Juice Box says:

    Grim that price includes the Federal tax credit investment tax credit 26% of the cost.

  39. Bystander says:


    Credit mkt?

    Does corporate debt not count or something? Looks frothy tpe.

  40. No One says:

    Speaking of house stuff, my home was built around 1991, so I fear my giant & complicated roof w/asphalt shingles will need replacing over the next five years.
    Any tips for companies handling big roofing jobs in a quality way?
    I also will eventually need stucco/wood board work done for my quasi-tutor exterior.
    Stucco experts seem relatively rare in NJ.

  41. Juice Box says:

    Bystander – What data are you looking at?

  42. JCer says:

    Grim, you are not cheap enough. If my wife asked for that I’d tell her she’s getting asbestos shingles. Given the newest generation of asphalt shingles can last upward of 50 years it’s hard to justify using anything else for any reason other than appearance.

  43. JCer says:

    Lib, my take on the market is that Trump is standing with the gas can at the fire keeping it roaring and that will continue through 2021, my take is we see limited gains in the overall market for the next 2 years and then it goes boom sometime between 2022-2025. Between the repatriation of funds, the reduction in regulations, the tax cuts, rate cuts, etc a lot of fuel has been dumped into the fire. Unfortunately it only works once, once we use the fuel it is gone. The China deal euphoria should last 3-6 months before we realize they have no intention of abiding by it. A humming economy is Trumps re-election plan, if he loses the election I can see a recession setting in especially if it is Warren.

  44. Stuart J Weissman says:

    Bernie too will usher in a recession. Lord knows we can use one. It’s the only thing that ever reigns in personal debt.

  45. Juice Box says:

    If you are going solar and it’s time to to replace your roof the solar roof makes allot more sense than a new roof then add a solar on-top. The new version 3 solar roof is going to be big. They have ramped up production in the Buffalo NY plant and will be using re-sellers etc.

    Here is the new V3 solar glass. They have completely redesigned it, and has half the parts and more energy density.

  46. ExEssex says:

    jB a lot is two words .

    We have solar panels from the previous homeowner.
    It’s…..OK… make it really worthwhile you need those huge batteries that store the power and get you off the grid completely. Otherwise it’s just another BS scam for the utilities and panel sellers.

  47. Juice Box says:

    Essex you can go off grid just too expensive.

    This MIT startup might have the cheap storage solution, at least Bill Gates thinks so.

    Self heating system to 500 Celsius uses a liquid calcium alloy anode and does not degrade.

  48. D-FENS says:

    China Phase 1 done. USMCA Done. UK and EU deals next.

  49. D-FENS says:

    Tesla Powerwall

    Juice Box says:
    January 16, 2020 at 12:07 pm
    Essex you can go off grid just too expensive.

    This MIT startup might have the cheap storage solution, at least Bill Gates thinks so.

    Self heating system to 500 Celsius uses a liquid calcium alloy anode and does not degrade.

  50. D-FENS says:

    We need to be building these:

    Cheap abundant safe electricity solves a lot of society’s problems. These Gen IV reactors can actually use the waste from older reactors and have little risk of accidents.

  51. grim says:

    Only grid-tie makes sense. Batteries? Give me a break.

  52. ExEssex says:

    1:39 rolling blackouts suuuuuck. They do occur and will for the foreseeable future.
    Tesla Powewall means you are ready for those reindeer games.

  53. No One says:

    A city in Africa somehow connected to cyber currency? Sounds like a scam coming.

  54. Libturd, the Master Beta says:

    I would still wait on solar. The gains in efficiency lately have been impressive. Though the price points are still too high IMO. You’ll know when it’s time when PSE&G starts encouraging you to switch.

  55. chicagofinance says:

    Congrats grim.

    No one: Fed flooding the market with liquidity a la 4Q99-1Q00…… I think that heavy monitoring of that influence is critical…… if it does not change, then downdrafts should be bought….. once the spigot turns off, then investable asset overweight needs to be removed immediately…

    No One says
    January 16, 2020 at 10:03 am
    I really don’t know where stock markets are going, but at least I know that.
    What I do see is that stocks appear priced for lower future long run returns than has been typical in the past.

  56. Mike S says:

    Has anyone tried composite siding yet? Look of wood, no maintenance, and I hear hardy board needs to be repainted every 5-10 years

  57. Yo! says:

    25 story apartment tower coming to Secaucus swamp next to Turnpike. Very impressed with Hudson County municipalities’ homebuilding policies. Secaucus gave variance to build ten stories more than zoning allowed. This building alone will add more homes than many NJ counties permit in a year.

  58. joyce says:

    I’ve always opposed most zoning regulations as being overbearing but haven’t converted to anarchism yet (just being sarcastic). Do you see any downside at all to relentless residential building?

  59. Yo! says:

    Modern homes, construction jobs, bigger tax base – simply by issuing a building permit on land in a polluted swamp. What’s not to like?

  60. Blue Ribbon Teacher says:

    What I find funny is that there are a ton of towns that wish they had a decent walkable downtown, but their zoning Nazi’s prevented that ever from happening. That’s one thingt Bergen County got right through all of their small towns. Lots of nice walkable downtowns. I have fond memories in the 80s of walking from home, 8 blocks to go to the shops along Washington Ave in Bergenfield.

  61. ExEssex says:

    In Manhattan, the homeless shelters are full, and the luxury skyscrapers are vacant.

    Such is the tale of two cities within America’s largest metro. Even as 80,000 people sleep in New York City’s shelters or on its streets, Manhattan residents have watched skinny condominium skyscrapers rise across the island. These colossal stalagmites initially transformed not only the city’s skyline but also the real-estate market for new homes. From 2011 to 2019, the average price of a newly listed condo in New York soared from $1.15 million to $3.77 million.

    But the bust is upon us. Today, nearly half of the Manhattan luxury-condo units that have come onto the market in the past five years are still unsold, according to The New York Times.

    What happened? While real estate might seem like the world’s most local industry, these luxury condos weren’t exclusively built for locals. They were also made for foreigners with tens of millions of dollars to spare. Developers bet huge on foreign plutocrats—Russian oligarchs, Chinese moguls, Saudi royalty—looking to buy second (or seventh) homes.
    But the Chinese economy slowed, while declining oil prices dampened the demand for pieds-à-terre among Russian and Middle Eastern zillionaires. It didn’t help that the Treasury Department cracked down on attempts to launder money through fancy real estate. Despite pressure from nervous lenders, developers have been reluctant to slash prices too suddenly or dramatically, lest the market suddenly clear and they leave millions on the table.

  62. chicagofinance says:


    Mike S says:
    January 16, 2020 at 6:01 pm
    I hear hardy board needs to be repainted every 5-10 years

  63. joyce says:

    Have all of these building permits you’ve mentioned periodically been on land in polite swamps? Can the existing infrastructure whether it be roads, public transit, school district handle increase population? I thought everyone on this site was pretty much in lock step agreement that modern construction is substandard. Does the area need wetlands for runoff and similar purposes? Lastly, the abuse of tax credit programs by the local governments and connected contractors.

    Yo! says:
    January 16, 2020 at 7:47 pm
    Modern homes, construction jobs, bigger tax base – simply by issuing a building permit on land in a polluted swamp. What’s not to like?

  64. Libturd, knows you can't spell nice without ICE says:

    Route 3/17/120 couldn’t support Xanadon’t. So what’s another 1,000 residents? Personally, I have no issue with expanding our cities. But not without first building out the infrastructure. We are becoming Los Angeles without the nice weather.

  65. 1987 condo says:

    Huge jump in housing starts, 16.9%. Largest jump since 2006, per CNBC

  66. Bystander says:


    Amazing what happens when you destroy rates and pump market full of liquidity. Of course, See Ex post on NYC. Sales are down 40 percent. Wonder why? Foreign money drove up to crazy levels and now US residents need to pay. Guess what? Salaries won’t support. Prepare for pneumonia NJ.

  67. Blue Ribbon Teacher says:

    We’ve been exporting inflation for 3 decades. The dollars have come back home by buying up prime real estate. But even dumb foreign money knows a Brooklyn apartment is not worth 1.2 million dollars.

  68. 3b says:

    Very surprised to see article in NYT saying wage growth and the moneyed elites are not an issue and in fact wages are growing just not for people and industries that have not increased productivity. It then goes on to say training and better education will help those sectors/individuals. Sounds to me very anti Sanders/Warren and the NYT is backing the DNC Biden. I paraphrased the article but I found it very interesting.

  69. Friday News says:

    The world economy took a hit over the past couple years. When the world economy returns, they need to put their money somewhere. NYC real estate is much cheaper than comparable foreign cities.

    Blue Ribbon Teacher says:
    January 17, 2020 at 8:54 am
    We’ve been exporting inflation for 3 decades. The dollars have come back home by buying up prime real estate. But even dumb foreign money knows a Brooklyn apartment is not worth 1.2 million dollars.

  70. Libturd, off to Providence for hockey tourney says:

    Sanders spells the end of the lobby gravy train. Of course the DNC and the Times are against it. It’s full court press time to ruin the only candidate that would easily beat Trump.

  71. 3b says:

    Lib I agree. It just goes to show how dysfunctional our media is. By definition the Democrats/liberals are supposed to be supporters of the working class and would be all over the wage issue and wealth gap. However, since the politburo dnc has deemed Biden to be the nominee than Sanders who at least has principals must be destroyed as he would not be beholden to the powerful and wealthy vested interests.

  72. JUice Box says:

    re: easily beat Trump

    Lib the talking point is “Only Sanders” can beat Trump in the swing states.

    That wasn’t the case in 2016 and isn’t now. The electoral map hasn’t changed enough.

    The latest polling in Florida and Michigan say it can go either way (53 percent to 47 ) but we all know how the polls can be wrong.

    I say Bloomberg is the game changer still. We don’t see his TV advertising here in NJ.

    Here is a sampling of his spending so far and what he is up to.

  73. SmallGovConservative says:

    Complete nonsense and wishful thinking. Reality, based on state of economy and tangible accomplishments is that it will be difficult for anyone to beat Trump. Having said that, a centrist Dem certainly could do it. But a Trump-Sanders race would be a rout of epic proportions, potentially a 49-1 victory for T.

    Libturd, off to Providence for hockey tourney says:
    January 17, 2020 at 9:29 am
    …the only candidate that would easily beat Trump.

  74. Juice Box says:

    From a liberal echo room today.

    “It Is Beginning to Look Like the U.S. Has a Corruption Problem, Not Ukraine”

    Ofcourse the spin is it’s Trump and the right that are corrupt not Bidens, Clintons and the left who were enriching their families and influence peddling.

    Sigh – going to be allot of butt-hurt sooner than later when Trump is exonerated by the Senate and we move onto picking a Dem nominee by the end of March.

    60 – Days until March 17th primaries when we will have a clear front runner.

  75. Bystander says:

    If Bloomberg truly wants to get rid of Trump then run as independent and remind people he was Republican who won NYC and he wants to go back to core Repub values. Hit key states hard and syphon Trump votes.

  76. PatrioticHillbilly says:

    Bloom has zero chance. If he buys the dnc the way Hillary did Then there will be a third candidate.

    And from the surreal category, one of the primary hacks from cnn is producing a documentary on fake news. Lol.

    I’m sure he will be looking at the fake news and omissions that cnn conducts daily.

  77. Bystander says:

    He does not have to win, hillbilly. Just Perot Trump and talk about conservative values. There are several hundred thousand in Midwest who would buy the message as they won’t know the difference. I pray he does this.

  78. Juice Box says:

    Bloomberg cannot pull a Perot on Trump that easily, he would need to get allot of signatures to form a new independent party and get Ballot Access and the rules are convoluted for each state. I think it is already too late in some states.

  79. 30 year realtor says:

    No discussion here about the all the news that impacts the impeachment trial. Will there be witnesses? How will witnesses impact Republicans and their ability to remain loyal to the president? Even if Trump avoids removal, will the new testimony and evidence damage the POTUS and Republicans chances in the 2020 election?

  80. Bystander says:


    Good point but he would still have some time in many states. Not much time but he was already against I route. He is not getting support of DNC either. God, I hope phonies like Warren and Biden drop soon.

  81. Bystander says:


    You’ve come to wrong place. Proof and witnesses are a thing of the past.

  82. 3b says:

    Speaking for myself I just don’t care what Trump did or did not do. I despise them all.

  83. Juice Box says:

    30 year – expect this to go quick and painless. They did not drag Monica in to be a witness and they won’t drag in anyone this time either. Clinton had Zero Democrats vote to convict, and closed-door deliberations were also held. Expect the same here Zero Republicans to convict and closed-door deliberations, this time no selfies either all phones are banned.

    BTW – Clinton was guilty as sin, as evidenced by his plea to avoid criminal charges on his last day in office.

  84. Montclair bud says:

    Only bigger a-hole then “Fast Eddie” is orange a-hole – both are psychos driven to convince others of their self made status and accomplishments (to convince themselves) regardless of their “humble” origins. Show me one post where either is not either putting someone else down or elevating his “own” story. Imagine being anywhere near these therapist income dreams on a daily basis.

  85. Montclair bud says:

    Fast Eddie you say: I’m thinking never left the country, maybe never even flown “aeroplane’, sad, pathetic, tasteless split level something he thinks is a real steal. As tasteless and pathetic as his life and offerings are he’s somehow proud and willing to share his thoughts on moving us all forward. Eddie tell us more – how are you so successful? Do you work hard unlike others?

  86. Montclair bud says:

    Fast Eddie please share how it is that you are so successful (split level – vinyl cladding) and us mere mortals are bound to middle class vacations where we board airplanes and use passports. You in favor of Brexit are you?

  87. Montclair bud says:

    Fast Eddie – how many times you been at Six Flags Great Adventure in Jackson? I’m think they know you and the fam on a first name basis. Imagine that black, large ear president (your words) spending time anywhere else. How can we possibly undo the damage he’s done. Maybe current pres. and Picasso face daughter will fix it all.

  88. Friday 30yrs says:

    The one thing 30 yrs is Cruz, Rubio & Romney.

    All got the wet willie, atomic wedgie treatment from Trump, all know if Trump is in the picture they got no future possibility ever to be POTUS. 2 of the 3, Cruz & Romney, have serious religious convictions that god ordained them to become POTUS. Rubio is an opportunistic in debt up to his eyeball.

    So watch Cruz, as they vote alphabetically. If he goes to convict, Romney and Rubio will follow. The other 3, the 2 female senators from Maine/Alaska and the another Rep senator from flyover territory will flip too if Cruz goes to convict.

  89. Friday 30yrs says:

    30 yrs, in Cruz, Romney and Rubio’s mind, this french saying is playing like a Xmas sale radio commercial.

    la vengeance est un plat qui se mange froid

  90. 3b says:

    It’s getting weird in here.

  91. Juice Box says:

    Montclair – My family has season passes to Six Flags Great Adventure and guess what so do lots and lots of our friends! Go do something else more constructive with your time like jumping off the GW Bridge.

  92. Juice Box says:

    Republicans want to stay in power folks, that means keeping the Senate and the Presidency.

    It’s 67 votes to remove. That’s 45 Democrats + 2 Independents and 20 Republicans.

    Good Luck with that is all I have to say, remember closed deliberations. We won’t know why all we will know is for the good of the country Bla Bla Bla, and it did not rise to the level of removal just like Slick Wille.

  93. Juice Box says:

    Interesting the prosecutor who cut slick Willie his sweet deal on the last day of his presidency (no criminal charges) just joined Trumps defense team.

    Media focuses on Dershowitz and Starr but Robert Ray is the real deal here.

    Here is his recount of what occured to keep Slick Willie out of jail.

    Impeachment had failed, but a criminal investigation was still open. One issue was whether Clinton had lied under oath. A sitting president was unlikely to be indicted, but a president could face legal action after leaving office. Kenneth Starr left his job as independent counsel in 1999 and was succeeded by Robert Ray. As the Clinton administration neared its end, the president and his lawyers sat down with Ray to sign a final agreement ending the independent counsel’s investigation. The president admitted to “testifying falsely” in his January 1998 deposition, agreed to pay a $25,000 fine, and surrendered his Arkansas law license. Ray had met Clinton only once before—shaking hands on a rope line at the Army Navy Country Club, where both were playing golf.

    ROBERT RAY: Around the holidays—Christmastime 2000—there was a meeting between myself, my chief of investigations, and my deputy, together with the president, David Kendall, Nicole Seligman [another Clinton lawyer], and the White House counsel, in the Map Room of the White House. It was done after hours, at night, after the last candlelight tour left the White House. It was after 10 o’clock.

    The purpose of the meeting was for me to speak to the president without any filter and say, “Listen, in the best interests of the country, this is what I’m prepared to do so long as you’re prepared to do the following things that I ask. It’s not negotiable. If you do those things and you accomplish them all before you leave office, I am prepared to forgo prosecution.” The things I asked for included acknowledgment in writing of false testimony under oath; agreement to resolve matters with the Arkansas bar, which resulted in the suspension of his law license for five years; and agreement to forgo claiming legal fees in connection with the independent counsel’s investigations. And he did what I asked. That was the resolution that was announced on January 19, 2001.

    When I was getting up to leave—everybody was kind of saying their goodbyes—I heard a voice. I wasn’t completely paying attention; I was distracted. Then I realized it was the president talking to me. He said, “Been out to play golf anytime recently?”

  94. PatrioticHillbilly says:

    lol. Impeachment. Even the TDS folks have wised up and ignored that hoax.

    The fake news and dnc have cried wolf far too many times. Like the mental person screaming on the street corner. Totally ignored and irrelevant.

  95. ExEssex says:

    2:51 your narrative is tired – Trump is an imbecile.
    He’s a complete piece of shite on every level imaginable.
    Defending him makes you look ridiculous.

  96. Juice Box says:

    During the Clinton Impeachment the Democrats (Robert Byrd) introduced a motion to dismiss.

    Here is how it went, at the time Judge REHNQUIST was presiding….interesting read for sure as we will go though this again perhaps next week.

  97. PatrioticHillbilly says:

    The resistance is tired. A farce. Try something substantive for a change instead of continuous fake “bombshells” that no one believes.

  98. PatrioticHillbilly says:

    I haven’t heard anyone except fake news mention the impeachment since the house broke. It’s a joke.

  99. Friday News says:

    This is exactly what is impacting pensions right now.

    “My concern is that the world doesn’t have the population growth it use to have. More people, more demand, leads to more GDP. Do a chart with population growth compared to GDP growth. I am concerned with what happens to insurance companies when they start paying out annuities, but the inflows are less.”

  100. The Great Pumpkin says:

    Even though I’m not a fan of people on this blog at the moment, I had to share this. More people are jumping on my call of the roaring 20’s 2.0. Time to take it serious.

    “The bull market can’t possibly last another 10 years, right?

    Don’t bet against it, according to Nick Maggiulli, who examined what he calls the “investor’s fallacy” in a post on his “Of Dollars and Data” blog.

    “With the stellar performance in U.S. markets over the previous decade, it feels like a correction is warranted,” the Ritholtz Wealth Management analyst explained. “However, if you examine the data you will realize that this thinking is just as flawed as the person expecting a tails after seeing five heads in a row.””

    ““Of course, history doesn’t have to repeat itself in any meaningful way for 2020 and beyond, but if the S&P 500 ‘only’ doubled over the next decade, here is where that point would lie on this plot,” Maggiulli wrote, pointing to this chart:

    “Think about how insane this would be relative to history,” he said. “If you are expecting anything less than a doubling of the S&P 500 by 2030, then you are suggesting that the red star above will be even lower on the y-axis than where I already placed it. If this were to occur, it would be unlike anything we have ever seen before.”

    Taking it a step further, if history accurately predicts the outcome using these numbers as a guide, the S&P would quadruple by 2030, Maggiulli found.

    “This statement seems crazy right now, but that’s what has happened historically,” he said. “I understand that there is no law forcing U.S. markets to follow this trend indefinitely. However, if you are forecasting an awful coming decade for U.S. stocks, I have some bad news for you — the evidence is heavily against you.”

    For what it’s worth, this decade is most definitely off to a bullish start, with the Dow (DJIA) closing above 29,000 on Wednesday for the first time and extending gains with a triple-digit jump in Thursday’s session.”

  101. 30 year realtor says:

    Hillbilly, If the impeachment ends without removal from office (as is the highly likely outcome) the balance of evidence will come out over time. And if that evidence makes it clear that the POTUS abused his power and obstructed congress, it will have impact on the 2020 election for all Republicans seeking office. Republican senators are aware of this potential impact as new evidence slowly comes out that looks very bad for the POTUS. This will impact votes on procedure and how senators position themselves during the impeachment trial. It is clear that even the White House is being effected by the new evidence as none of the president’s supporters from the House are on the president’s defense team.

    What is my point? My point is that you have your head in your a**?

  102. Bystander says:

    Brokeback Blumpkin..

  103. grim says:

    Past two months flew around quite a bit through middle America and the south.

    Nobody cares about Trump’s impeachment.

  104. ExEssex says:

    Nobody cares the POTUS is a drug addicted, mentally ill, in continent moron?

  105. Fast Eddie says:

    as new evidence slowly comes out…

    LOL. Yes, new “bombshell” evidence.

  106. Fast Eddie says:

    italics off

  107. ExEssex says:

    Further proof that 1/2 the Country is pathetic, stupid, uninformed.
    Trump quotes Mussolini – ¯\_(ツ)_/¯

  108. Blue Ribbon Teacher says:

    If there was anything…it would have been leaked a long time ago.

  109. 30 year realtor says:

    Ask Devin Nunes if he agrees?

    Blue Ribbon Teacher says:
    January 18, 2020 at 2:15 pm
    If there was anything…it would have been leaked a long time ago.

  110. Blue Ribbon Teacher says:

    I can’t. I’m too fatigued from the previous dozen people that were supposed to bury Trump.

  111. The Great Pumpkin says:

    Trump trolling krugman. Come on, doesn’t get better than this..

    “If you listened to the flawed advice of Paul Krugman at the New York Times, a newspaper that was going broke until I came along, you would have entirely missed the RECORD BREAKING Stock Market (and other) numbers produced since Election Day, 2016. Sorry, those are the FACTS. BUT THE BEST IS YET TO COME!”

  112. The Great Pumpkin says:

    Trump on a roll tonight…almost pissed my pants. King of trolls..

    “A massive 200 Billion Dollar Sea Wall, built around New York to protect it from rare storms, is a costly, foolish & environmentally unfriendly idea that, when needed, probably won’t work anyway. It will also look terrible. Sorry, you’ll just have to get your mops & buckets ready!”

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