Stick it to ’em

From the New York Post:

Broker commission system that charges up to 6% could face antitrust probe

The moneymaking real estate-commission system where brokers pocket as much as 6% of a sale — and critics charge inflates home prices — could face a federal antitrust probe after a years-long investigation, people familiar with the matter told Bloomberg.

The reported scrutiny by the Justice Department comes amid two private class-action lawsuits that look to loosen the stranglehold the powerful National Association of Realtors has over the residential housing market.

The NAR — the trade and lobbying group which most real estate brokerages are required to join — controls many of the country’s multiple listings services, an essential industry tool that aggregates properties available for sale in a given region.

The Justice Department has turned its focus to the real estate commission-sharing system that bakes in a 5% to 6% cut of the sale, which is split between the seller’s and buyer’s agents, according to Bloomberg.

The system, which is largely unique to the US, pushes up the overall price of homes, critics contend.

The difference in commission prices costs a US seller listing their home for $416,100 house — the median price of a house in the US, according to Federal Reserve data — about $14,000 more than it does in the other countries.

The Justice Department “is concerned about policies, practices, and rules in the residential real estate industry that may increase broker commissions,” the agency said in a recent court filing asking a federal judge in Boston to delay her decision two months on a potential settlement in a separate antitrust suit challenging commission rules.

This entry was posted in Economics, National Real Estate, Unrest. Bookmark the permalink.

66 Responses to Stick it to ’em

  1. Fast Eddie says:

    Best Engineered Albums: That is quite a list!

    The Beatles: I like the Beatles… a lot. I just think John Lennon is overrated. And, putting John Lennon in the same league as Bob Dylan and Frank Zappa made me laugh. Sorry John, stay in Double A ball.

  2. Fast Eddie says:

    The NAR and 6%: No different than Tony Soprano’s crew busting up a brothel because they came up short on the juice.

  3. grim says:

    Mortgage rates hit 7.7% – nearly 23 year high.

  4. Fast Eddie says:

    Mortgage rates are irrelevant surrounding the leafy fringes of New Amsterdam. Wait… is that a cubbish unicorn I see on my grassplot?

  5. ExLax says:

    My bestie….a long time CA resident is making the move back to the motherland.
    He just picked up a gorgeous place in Bardstown. Did the math and decided to buy.

  6. Juice Box says:

    Federal antitrust probe about Realtor commissions? About the Consumer? Hahahah needed a good laugh this morning. Commissions are always negotiable, it’s a contract don’t like it don’t sign.

    This probe is about nothing more than the NAR and Washington. Next to the Chamber of Commerce, they are #2 in lobbying in the Beltway. They spent nearly 80 Million during the last election cycle lobbying for various interests.

  7. Very Stable Genius says:

    NEWS ANALYSIS
    Jordan Struggles as Republicans Sink Deeper Into Division
    Representative Jim Jordan’s initial defeat left the man once branded a “legislative terrorist” pressing to cut the kind of deals he has long railed against.

    Adding to the uncertainty, Mr. Jordan, the hard-right rabble rouser who built his reputation around torpedoing compromises by mainstream Republicans that he found insufficiently conservative, was in the improbable position of having to haggle with those same colleagues to win their support. It was an uphill fight for a man once branded a “legislative terrorist” by a speaker of his own party, and one to which he was not particularly well suited after 16 years in Congress in which he has not sponsored a single bill that has become law.

  8. Juice Box says:

    Yesterday’s print was 7.92% for a top-tier conventional 30-year fixed rate, excellent credit, income etc.

    That means many of the greasy low credit future bag holders are already seeing 8% or even higher.

  9. Juice Box says:

    The longer Congress does not vote on new spending legislation the better off we are.

    BTW for those paying attention, the last debt ceiling drama ended with a vote to push the next episode until after the election. We cannot be having shutdowns during the election cycle. The debt limit is suspended until January 1, 2025.

  10. 1987 Condo says:

    GRIM99—- I learned this is the call sign for the President’s Doomsday plane…just saying…

    https://simpleflying.com/e-4-nightwatch-boeing-747-europe/

  11. grim says:

    Named it after me, I’m honored.

  12. ExLax says:

    I like leafy fringes, but then I’m a child of the seventies.

  13. grim says:

    Fun with AI Profiling:

    You are an expert investigator with experience in online profiling. Let’s play a guessing game. Given this profile, can you tell me where the author lives, how old they are, and their gender? Clearly explain the reasoning for each guess. Based on your guesses, what bands would this individual likely listen to?

    I grew up in a suburb outside of the city, off exit 153 on the garden state parkway. We lived off Van Houten Ave. I fondly remember driving down to the shore in my dads Country Squire station wagon. Growing up, I played some baseball and soccer, but didn’t love either of those. I was more interested in computers and my Commodore 64, or playing with GI Joe and He Man figures with my friends.

    Based on the provided text, I can make the following educated guesses:

    Location: The author mentions growing up in a suburb outside of the city, specifically referencing “exit 153 on the Garden State Parkway” and “Van Houten Ave.” These details strongly suggest that the author is likely from Clifton, New Jersey, or a nearby town, as Van Houten Ave is a well-known road in Clifton. The reference to “driving down to the shore” implies that they live within driving distance of the Jersey Shore.

    Age: The author mentions playing with GI Joe and He Man figures, which were popular in the 1980s. This implies that the author is likely from a generation that enjoyed these toys during that era. This suggests that the author is an adult, possibly in their 30s or older.

    Gender: The text does not explicitly mention the author’s gender, so I cannot determine their gender based on the provided information.

    Musical Preferences: While the text doesn’t provide direct information about the author’s music tastes, I can make some educated guesses. Given the author’s interest in a Commodore 64, which was popular in the 1980s, they might have a preference for music from that era. Bands like The Beatles, Pink Floyd, Led Zeppelin, or Queen were influential during the 1980s and might be bands this individual could have enjoyed.

  14. 1987 Condo says:

    I’ll guess “male”

  15. Phoenix says:

    Biden compares Hamas attack to ‘fifteen 9/11s’

    I’m sure those families that lost loved ones, those who have breathing or other problems, etc are really going to love this comment.

    America is providing 100 billion dollars.

    How much did other countries provide for our firemen, our police, our coffee server in the WTC?

    I will tell you, they gave bupkes, zero, nada, nothing.

    People wheezing for years after with lung cancer, or pulmonary fibrosis, burns, back injuries.

    Americans are always treated second rate by their government. Do all of these other countries have standardized medicine compared to the Capitalist America?

    Yeah Joe, keep downplaying what happens to 9/11, and just plain ordinary Americans, while taking our tax dollars and not giving one thin dime back to us, to those that earned that money you old fu cc.

  16. Phoenix says:

    Why does America have such hate for it’s own people? Why do dumb fu cc Americans support a flag for a country that doesn’t give a rat’s ass about itself.

    It’s a f’ng self hating society.

  17. Chicago says:

    Juice: Consistent with my comments yesterday about believing info from the Palestinians. Mind you, half of Biden’s itinerary was canceled due to (false) IDF attribution.

    The U.S. has collected signals intelligence showing that the explosion at a Gaza hospital compound on Tuesday was caused by the militant group Palestine Islamic Jihad, U.S. officials said, buttressing Israel’s contention that it wasn’t responsible for the blast.

  18. Chicago says:

    Yet to be answered.

    Was the blast an accident, or an act of sabotage intending to make the IDF look bad.

    The cravenness of the terrorists cannot be overestimated.

  19. leftwing says:

    Never paid 6%. Ever.

    On the AI above, not that impressive…?

    Seems what I would get from googling any of those individual items, less the filler prose?

    Did it ultimately provide an answer to the question?

  20. Boomer Remover says:

    I scroll through r/REBubble and r/FirstTimeHomebuyers on Reddit every now and then.

    There’s a lot of comments like “my parents/spouse/friend told me I was wrong to buy at 7.45% but the rate is now 7.8% so who the dummy now, eh?” which is instantly followed up with “If you listened to these people [the bubblers] who told you were in a bubble since 2021 you’d still be on the outside looking in”. I also see a lot of “It’s straining my budget but I’ll refinance when the rates come down next year” and the related argument of “buy now because if rates come down next year prices will double from 2021 levels.”

    Across subreddits there is widespread incredulity at the level of interest rates, and the resulting monthly payment, but not nearly the same amount of posts questioning the underlying prices. The overwhelming takeaway is that it is the RATES that are the problem and not home prices.

  21. Phoenix says:

    Same “intelligence” that said Tillman was killed by enemy forces? Same one that said their were ‘weapons of mass destruction?” Remember the Maine.

    F’n liars all of ’em.

    The U.S. has collected signals intelligence showing that the explosion at a Gaza hospital compound on Tuesday was caused by the militant group Palestine Islamic Jihad, U.S. officials said

  22. Phoenix says:

    Are these the same “intelligence” guys that were on the USS Vincennes that, with their multi billion dollar radar and technology systems couldn’t identify a giant commercial aircraft that had a transponder blaring like an air raid siren?

  23. Bystander says:

    True leadership at work..party of division and solution blocking while they mire in own insane identity

    NN’s Dana Bash reacted with consternation on Tuesday after Rep. Ken Buck (R-Colo.) joked about the rationale behind his House speaker vote.

    Buck voted for Rep. Tom Emmer (R-Minn.) during Rep. Jim Jordan’s (R-Ohio) failed attempt to secure the gavel earlier that day.

    “Well, I guess my first question is, do you really want Emmer to be speaker?” Bash asked the congressman.

    “No, I don’t,” Buck replied. “I don’t like Tom Emmer. I figured this would be the worst job in America.”

  24. grim says:

    On the AI above, not that impressive…?

    Seems what I would get from googling any of those individual items, less the filler prose?

    https://arxiv.org/pdf/2310.07298v1.pdf

    In this work, we present the first comprehensive study on the capabilities of pretrained LLMs to infer personal attributes from text. We construct a dataset consisting of real Reddit profiles and show that current LLMs can infer a wide range of personal attributes (e.g., location, income, sex), achieving up to 85% top-1 and 95.8% top-3 accuracy at a fraction of the cost (100×) and time (240×) required by humans.

  25. Bystander says:

    Boomer,

    Not surprised. Multiple offers on ultra low inventory. They can haggle on price thanks to Fed shenanigans. Their only option is arguing someone paid a worse rate to make them feel better about own horrible dilemma. Daddy Fed is their only hope for lower payment. Meanwhile, recruiting hell sub showcases the absurd job market. Generation “f-ed”

  26. Bystander says:

    Can’t haggle

  27. OC1 says:

    Phoenix-
    I think you need to get off the internet for a while. ;)

  28. Very Stable Genius says:

    BREAKING NEWS!

    We are waiting for House Clerks to finalize the tally and sign the roll but pending any last minute — and unexpected — changes, Jim Jordan will fall short in the second ballot by an even larger margin than the first. He was only able to flip one of the Republican holdouts while the opposition grew.

  29. Very Stable Genius says:

    “A speaker has not been elected,”
    the acting speaker, Patrick McHenry, says.
    He announces a recess.

  30. Bystander says:

    VSG,

    McCarthy playbook. I will embarrass myself, with 20 votes, like a cuck ,bc I want title,..only to give away my control in negotiations for votes

  31. Boomer Remover says:

    Turns out the hospital explosion wasn’t as serious as initially indicated, or as serious as it looked on dark video. Rocket left a small crater in a parking lot. Few cars blown up, the rest burned, minimal shrapnel if any. I understand the hospital itself is still standing.

    Seems to support errant rocket narrative as anything lobbed by the Israeli’s would surely level the entire structure, cars, etc…

  32. Boomer Remover says:

    F that! So glad to have gone through my college party years without social media. We were lucky to have been able to be ourselves without the forever eye of social media. And in the near future, the prying eyes of future employees. Getting closer to that uni social score.

  33. SmallGovConservative says:

    The stupidity never ends with the Dem stooges; today we get Bi and Unstable cackling about the speaker while we near the start of year 3 of war in Europe, the middle east is literally exploding, and god only knows who’s walking across our wide-open southern border — all brought to you by the moron that they voted for. Why don’t you dopes take the convo to GuysWithiPhones where you can continue the stupidity and ogle photos of Joe’s bro at the same time.

  34. grim says:

    I thought 500 civilians were killed in the hospital explosion? It’s a tragedy, regardless of who was responsible for it.

    At this point, I don’t know that we can trust anyone’s spin. Both sides are going to claim it wasn’t their rocket.

    Good luck getting any independent party in there to determine. Besides, it’s too late, it’s too easy to relocate shrapnel, hide shrapnel, etc. If Hamas doesn’t come out and take responsibility outright, good luck. Both sides have plenty of motivation to spin it.

  35. Libturd says:

    That hospital is going to be a nothingburger once Israel rolls in with their tanks.

    Jews don’t fuck around anymore. Not after half the tribe was wiped out due to anti-semitism. And the rest of the world, they pretty much hopped on the Jew hating party.

    Quite frankly, I hope Gaza is ground like chickpeas until Hamas more closely resembles hummus. There is no Palestine. They are lucky Israel even allows them to exist.

  36. Boomer Remover says:

    It’s not your garden variety misinformation, I feel like everyone is on edge and looking to publish the latest. Those orange flames last night looked pretty damning. I’m looking at a picture of the hospital complex before and after, and the parking lot is the epicenter of the explosion. The hospital building(s) are intact. I understand satellite imagery was provided by Israel. Is it possible the parking lot was packed with people waiting to get into the hospital?

    These Reuters pictures seemed to indicate sleeping bags and clothes on the lawn/parking where impact occurred:

    h**ps://www.reuters.com/pictures/pictures-hundreds-killed-gaza-hospital-blast-2023-10-18/

  37. ExLax says:

    Agreed Lib.

  38. The Great Pumpkin says:

    True story.

    Boomer Remover says:
    October 18, 2023 at 1:44 pm
    F that! So glad to have gone through my college party years without social media. We were lucky to have been able to be ourselves without the forever eye of social media. And in the near future, the prying eyes of future employees. Getting closer to that uni social score.

  39. leftwing says:

    Phoenix, BR I have one of three original transcripts from the USS Maddox from Aug 4, 1964. That attack was the basis for the Gulf of Tonkin Resolution and our full fledged entry into Vietnam.

    Four pages long, in excruciating detail, two different radio operators provide a second-by-second description of the attacks against the Maddox. Includes high level time stamped detail on multiple torpedo launches in the water against US ships, evasive actions, return fire by US ships, and sinkings by US ships of Vietnamese ships over the course of hours.

    Small problem.

    None of it happened.

    In small type, after the sign-off of the operator but part of the transmission, is the notation that ‘due to extreme weather events none of the above actions can be confirmed to have occurred’.

    For your edification Fabs, it resides on the wall right next to my photo of 1/6 protestors outside the Capitol.

    Only two Senators opposed the Gulf of Tonkin Resolution, both iconoclasts outside the mainstream of their Party (both actually switched to Independent, and were defeated in the 1968 elections).

    Yeah, keep wishing for ‘centrists’…fucking sheep.

    “The United States government falsely claimed that a second incident occurred on August 4, 1964, between North Vietnamese and United States ships in the waters of the Gulf of Tonkin. Originally, US military claims blamed North Vietnam for the confrontation and the ostensible, but in fact imaginary, incident on August 4. Later investigation revealed that the second attack never happened; the official American claim is that it was based mostly on erroneously interpreted communications intercepts.[5][6][7] The National Security Agency, a subsidiary of the US Defense Department, deliberately skewed intelligence to create the impression that an attack had been carried out.”

    https://en.wikipedia.org/wiki/Gulf_of_Tonkin_Resolution

  40. BRT says:

    Washington is very eager to get the speaker in. There are 2 wars they want to fund.

  41. BRT says:

    BR,

    anyone with a clear head and a nice balance on life has largely abandoned social media. The people that are addicted to it have been on a bad path downward the past 10 years and it never gets better. Nearly all of them have lost all sense of rationality.

  42. TraitorJoe says:

    Add yellow cake uranium, trump dossier, Hunter Biden laptop, covid origin to the list that “intelligence sources” got wrong. And like those, an independent consensus will be reached though some will stick to their own truth. Big difference between a rocket and missile, we’ll find out.

  43. The Great Pumpkin says:

    For sure…

    BRT says:
    October 18, 2023 at 2:44 pm
    BR,

    anyone with a clear head and a nice balance on life has largely abandoned social media. The people that are addicted to it have been on a bad path downward the past 10 years and it never gets better. Nearly all of them have lost all sense of rationality.

  44. chicagofinance says:

    By Sam Goldfarb

    Investors and Federal Reserve officials scrambling to make sense of surging U.S. Treasury yields have a new obsession: a number that exists only in theory.

    Known as the term premium, the number is typically defined as the component of Treasury yields that reflects everything other than investors’ baseline expectations for short-term interest rates set by the Federal Reserve. That could include anything from an increase in the supply of bonds to harder-to-pin down variables such as uncertainty about the long-term inflation outlook.

    In recent weeks, debate around the term premium has intensified because some financial models have suggested that it has been rising sharply—driving much of a recent surge in longer-term Treasury yields that has carried the yield on the 10-year note above 4.8% for the first time since 2007.

    Treasury yields help dictate interest rates on everything from mortgages to corporate debt, making their rise over the past two years a steady source of anxiety for investors. So far, those worries have proved mostly unfounded, as the economy has shown little signs of buckling under the higher borrowing costs.

    Yet the recent evidence of rising term premiums has provided a new source for concern. For some, they suggest that yields are no longer rising because of a strong economy and expectations for higher rates. Instead, the underlying cause could be something harder for the Fed to control and therefore more dangerous.

    Still, even economists who created term premium models stress that their outputs are imperfect estimates, making it difficult to gauge whether or not they are a warning. Here’s a look at the current debate.

    What is term premium?
    Most analysts agree that yields on U.S. government bonds are largely determined by the anticipated path of short-term interest rates.

    The rationale: Investors will buy a series of one-month Treasury bills instead of a bond that matures years from now if they think that will produce a better return. If this pushes the longer-dated bond’s yield too high, buyers will emerge so that the yield settles around a consensus for what rates will average over the bond’s lifespan.

    Still, other factors almost certainly also influence yields.

    According to a traditional understanding of term premium, investors may demand extra yield to buy longer-term bonds due to the possibility that rates could end up higher than they expect right now.

    Additionally, yields could be influenced by the supply of government bonds, with a flood of new bonds overwhelming demand and pushing yields higher. Or investors may accept a lower yield—or negative term premium—because they figure that bonds, unlike stocks, should rally if the economy runs into trouble.

    Evidence of a surge
    Measuring term premium is where things get tricky, because there is no perfect way of knowing what investors think rates will be in the future.

    The simplest approach would be to compare Treasury yields to rate forecasts found in surveys. But drawbacks including the infrequency of those surveys mean that the most popular models incorporate other methods.

    Among those is the so-called ACM model, named after the current and former New York Fed economists Tobias Adrian, Richard Crump and Emanuel Moench. It uses yields of different Treasurys to predict future short-term rates by effectively finding patterns in their relationships over decades.

    Another model, devised by current Fed economist Don Kim and former Fed economist Jonathan Wright, is a hybrid, arriving at its rate estimate through a combination of both survey forecasts and yield data.

    Outputs from both models have long provided fodder for debate, especially in the 2010s when they showed term premiums turning deeply negative. That had puzzled many who had become accustomed to models showing healthy-size premiums—substantially larger than they stand even now.

    More recently, though, the models have gained attention because they have shown term premiums surging, with the 10-year premium climbing back into positive territory.

    What Wall Street thinks is going on
    Dallas Fed President Lorie Logan recently suggested that signals from term premium models made her less inclined to raise rates again this year, arguing that rising term premiums, if real, would mean that surging yields aren’t just reflecting stronger growth and a need for tighter monetary policies.

    Logan didn’t delve deeply into what specifically is driving up term premiums. But on Wall Street, many have used term premium models to buttress arguments that yields have been rising largely thanks to a growing federal budget deficit.

    In recent months, the Treasury Department has both increased its borrowing forecasts and boosted the size of its longer-term debt auctions by more than investors had been expecting.

    The anecdotal evidence that yields are climbing due to shifting supply-demand dynamics is compelling, but the models showing rising term premiums are “the measure—that’s where you’re seeing it,” said Blake Gwinn, head of U.S. rates strategy at RBC Capital Markets.

    Maybe it’s still about interest rates
    Still, some caution that the term premium models should be treated skeptically. One issue: their reliance on historical patterns that might not apply now.

    A feature of the ACM model, for example, is that its estimate of what short-term rates will average over the next 10 years has been much more closely linked to changes in the 2-year Treasury yield than the 10-year Treasury yield.

    As a result, when inflation surged in 2021 and the 10-year yield rose much more than the 2-year yield, the model showed essentially no change in interest-rate expectations over the next decade—and therefore a big increase in the term premium.

    The same was true in recent weeks, in contrast to last year when the rate forecast jumped along with the 2-year yield.

    Term premium models have value but their outputs are “based on past experience,” said Wright, the co-creator of the Kim-Wright model who is now a professor at Johns Hopkins University. “It could be that this time is totally different.”

    Some analysts argue that shifting rate expectations are still largely responsible for driving up longer-term yields recently. A resilient economy, they say, is persuading investors that rates—while likely to fall from here—are destined to settle at a higher level than previously anticipated.

    Praveen Korapaty, chief interest rates strategist at Goldman Sachs, said he likes to look at term premium models but only along with other types of models that link changes in yields to factors such as economic data and Fed policy surprises.

    Those, he said, generally support the idea that yields have climbed because investors are giving “more credence to the Fed’s ‘higher for longer’ message.”

  45. No One says:

    Best Engineered Albums:
    Agree with the win for Sargent Pepper’s
    Dark Side of the Moon should have beat Stevie Wonder’s album
    Pretty much anything Alan Parsons had his name attached to is going to be well engineered, his own Project albums, plus he was on Dark Side of the Moon.
    Any of the albums that Steven Wilson remixed and remastered are going to be excellently engineered. Like all of the King Crimson albums of the 60s and 70s that he fixed – for example the King Crimson Lizard album which had been handicapped and generally hated until Wilson remastered it 30 years later. And some Jethro Tull albums too (Thick as a Brick 40th anniversary, or Aqualung Steven Wilson remix).
    I think Synchronicity by the Police was well engineered, didn’t even get nominated. Toto IV won in 1983, basically because its one hit song Africa incorporated some African drums and instruments cleanly into a basic pop synth mix, lol.
    Dire Straights’ Brothers in Arms is an album all the audiophiles play for their equipment reviews, but other than their one catchy song, it doesn’t do much for me.
    Telarc used to make great classical music recordings – their recording of Also Sprach Zarathustra with the Vienna Philharmonic (aka Wiener Philharmoniker) still holds up great. Also the Telarc 1812 Overture with an actual cannon and the Cincinnati
    Symphony is a nice subwoofer test. Or their Mahler #2 which needs great engineering. And Telarc did some great Oscar Peterson jazz recordings too.
    Now Reference Recordings also makes really well-engineered classical, such as Saint-Saens Symphony #3.
    David Chesky and Chesky Records used to make super-well recorded Jazz albums and audiophile samplers.
    I see the Grammys missed Kind of Blue, (from 1959!) which audiophiles are still using for critical listening sessions.
    They also missed Nevermind from 1991, a highly engineered grungy sound that many copied for a while (not my kind of music, but it was big at the time), instead giving the award to their friends Quincy Jones and Natalie Cole in 91 and 92 for albums long forgotten.

  46. No One says:

    If AI can’t guess male after telling it you played with He Man and GI Joe action figures, it’s either dumb or it has been hard-programmed not to make assumptions about this despite common-sense evidence.
    If you tell it you like to dress up in pink frilly dresses does it still say it can make no educated guesses about sex?

  47. ExLax says:

    tHe eLeCtIoN wAs riGged

  48. Bystander says:

    So, SGC, you feel surrounded on all sides with Russians (oops, Ukrainians are Faux News enemy) , Hamas and working class Mexicans coming for you in FL. Biden being instigator for all of it? Sun and drugs indeed. Then again, he has lucid dreams of Rutgers being a BT power. Delusions run strong.

  49. Libturd says:

    I’ll be impressed when Rutgers beats Maryland. Though their hoops is gonna be real special next year. Then those top two jersey boys will head to the NBA.

  50. Phoenix says:

    Jim Jordan agrees.

    ExLax says:
    October 18, 2023 at 4:30 pm
    tHe eLeCtIoN wAs riGged

  51. Bystander says:

    Lib,

    The schedule worked out favorably with coaching upheavals at NW and MSU. Those would be Ls if did not happen. VT is rebuilding too, with barely any offensive talent. In all, RU is headed in right direction and probably can become bowl eligible against beatable IU. They will lose 4 in a row after that, with Iowa’s putrid offense being best chance at W. The D will be very good though. UMD was too much firepower on offense.

  52. Bystander says:

    No one,

    Great analysis. Completely agree. I did love Brothers in Arms when it came out. I was like 12 or 13 and played it for months. One of those albums that really influenced my love of rock and roll.

  53. Very Stable Genius says:

    Peter Gabriel’s SO set a benchmark for engineering.

  54. BRT says:

    On the Beatles & George Harrison, Weird Al was Savage.

    This song is just six words long
    This song is just six words long
    This song is just six words long
    This song is just six words long
    Couldn’t think of any lyrics
    No I never wrote the lyrics
    So I’ll just sing any old lyrics
    That come to mind, child

  55. OC1 says:

    George Harrison didn’t write that song (“Got my mind set on you”). It was actually writen by someone else and first recorded in the early 60’s.

    Didn’t know that until I watched the movie “Last Night in SoHo” a couple of days ago and it included the original version as part of the soundtrack.

  56. BRT says:

    Yes. I actually like Harrison’s post Beatles work more than the other band members. Weird Al was also great friends with George.

  57. Grim says:

    On Every Street is by far the best recorded Dire Straits song.

    That, Ticket to Heaven, and Brothers in Arms is the perfect trifecta.

    Romeo and Juliet should have been a far more popular break up song.

  58. ExLax says:

    Knopfler is a personal favorite of mine.

  59. BRT says:

    speaking of Nirvana, they are releasing a vinyl of In Utero for the 30 year anniversary. It’s supposed to be the original intended mix from Steve Albini prior to the record label tweaking it to their preferences.

  60. ExLax says:

    I saw Nirvana play live in Miami, my wife & I went.
    4 months later he was gone.

  61. Fabius Maximus says:

    “the idea that I am a conservative”
    When did I ever call you a conservative. I said that you are amplifying Right Wing WS disinformation. I assume that comes from reading the NYPOST.

    Left add a picture of Ollie North and Colin Powell and you’ll have the NeoCon Mt Rushmore

  62. Fabius Maximus says:

    Grim,

    Calling Elvis is the best track on that album.

    For me Telegraph Road live on Alchemy is in my top 10 musical moments. I heard it walking into a 65K Capacity outdoor venue in 1986. They had the PA rig dialed in and that song was stunning.

  63. Fabius Maximus says:

    Great discussion on the Engineering list.

    Here a few to ponder. Many years you have a winner from a mediocre list.
    I don’t want to bang on Steely Dan but, they won over albums that were clearly better.

    Issac Hayes over The Carpenters is a tough call, I would have gone Carpenters
    Dark side should have beat Stevie Wonder.
    I’ll go Fleetwood Mac Rumours over Steely Dan
    Alan Parsons over Steely Dan every time with the exception of The Police Zenyatta Mondatta
    I disagree with the Brothers In Arms view from the people in here, but The Dream of the Blue Turtles (Sting) gives it a great run for its money (and the chicks for free)
    I’ll take Rage Against the Machine over Sting and Kid A (Radiohead) over Steely Dan

    Peter Gabriel SO, formed a big part of my 1986.

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