From Fortune:
Top real-estate CEO suggests some young people might have voted for Trump because they’re sick of living in their parents’ basements
“The young voters who, after years living in their parents’ basement, swung right in this election, will expect President Trump to act as America’s real estate developer in chief, and build the housing that they need,” Redfin chief executive Glenn Kelman wrote Wednesday in a note titled: “Way-Too-Early Take: What Trump’s Re-Election Could Mean for Housing.”
In a prior interview, Kelman told me, “Biden’s basic problem with millennials is how optimistic can you be about the economy from your parents’ basement?” That was, of course, before President Joe Biden dropped out of this year’s race, before Vice President Kamala Harris became the Democratic Party’s candidate, and before Trump won it all.
Home prices soared during the pandemic because people could work and live from anywhere, and mortgage rates were lower than they’d ever been. When inflation became a real hot problem, the Federal Reserve raised interest rates, indirectly lifting mortgage rates. Americans were left with high home prices and high mortgage rates—and still are, to an extent. Some people can’t buy homes, and others won’t sell them and lose their low mortgage rate: That’s why sales are depressed. Also, after years of underbuilding—and in some cases, decades of policy failure—there aren’t enough homes to go around.
But Trump can maybe fix that, according to Kelman, by “setting aside well-meaning regulations on home-building that limit construction and make housing less affordable,” he said, partly referring to “environmental reviews in already well-settled areas, and limits on apartment buildings in neighborhoods of single-family homes.”
It isn’t up to the federal government, though; it’s all up to states and localities, who pretty much control development via land-use regulations, but Trump could create incentives for them to get housing built. “Many of America’s problems are hard to solve, but this one isn’t, especially for a president who loves construction,” Kelman said. Trump was once a real-estate scion, after all.
So far, in the week since the former president has become the president-elect, demand in the housing world has leaped by one measure: Demand from home-buyers requesting service through Redfin’s site was about 25% higher this weekend than the same weekend last year, the largest year-over-year jump since things started to go south two years ago. “Some buyers are undoubtedly enthusiastic about a Trump economy; others may have been waiting to make major decisions until after the election,” Kelman said.
First?
“There must be some way out of here
Said the joker to the thief
There’s too much confusion
I can’t get no relief
Businessmen, they drink my wine
Plowmen dig my earth
None of them along the line
Know what any of it is worth”
Kinky one, in a down and dirty way:
A Missouri school teacher is accused of exchanging drugs and alcohol for sex with students, including one who she allegedly slept with on a gravel road.
Carissa Smith, 31, was arrested on Tuesday for rape, sodomy, patronizing prostitution, sex trafficking of a child, hindering prosecution and sexual contact and misconduct with a student.
The Pulaski County Sheriff’s Department said she would have sex with them at her residence and other various locations such as gravel roads or on the side of the road.
‘[The victim] stated Mrs. Smith told them not to talk about it or else they would get into trouble. Mrs. Smith stated, “You know you can’t talk about this with anybody?”‘ court documents said.
One victim alleged that during a sexual encounter Smith forced him to ejaculate inside of her.
Hubby busy doing the “honey do” ist, and it looks like the school nurse got into the kink as well:
The boy said he told her ‘that was f*****d up,’ and she responded by offering him more money.
In another incident, the victim said he smoked marijuana with Smith and her friend Lacey Beam who was a former school nurse for the Dixon School District.
Eventually Smith dropped Beam off at her home and took the boy to McDonald’s because her husband was home with their children, according to court documents.
I guess these ladies are trying to pound sex education into these students. Hehe.
A 43-year-old Los Angeles teacher has been arrested for allegedly sexually assaulting a 13-year-old boy after plying him with weed.
Colleen Jo Matarico, an educator at John Burroughs Middle School, has been taken into custody on suspicion of child molestation.
Investigators believe she ‘groomed and sexually assaulted a 13-year-old victim in her classroom and later convinced the victim to have sexual intercourse in her vehicle.’
Matarico has been charged with five counts of lewd acts with a minor, two counts of lewd acts with a minor 14 or 15 years old and one count of furnishing marijuana to a minor.
3 in one day? School counselors as well? These educators are really getting off these days. I guess if the “low pay” isn’t enough, you gotta get the benefits somehow.
Kids, the lesson of the day is this formula: The angle of the dangle is directly proportional to the heat in the meat times the mass of the ass. Hehe.
WTF does this even mean? You lost me. Even my clotGPT didn’t help.
Phoenix says:
November 15, 2024 at 8:22 am
Kids, the lesson of the day is this formula: The angle of the dangle is directly proportional to the heat in the meat times the mass of the ass. Hehe.
Chi,
It’s been so long I can’t remember the formula anymore. You might just have to try them all out and see which one works. You might have to ask a middle school teacher which one is correct. Gravel road lady might know.
The heat of the meat is inversely proportional to the angle of the dangle and directly proportional to the mass of the ass.
The angle of the dangle is directly proportional to the mass of the ass times the thrust of the bust?
The angle of the dangle is directly proportional to the heat of the meat … And is inversely proportional to the mass of the ass.
Futures down. I am sure it is Biden’s fault!
Other than bitcoin, which will go the way of NFTs, where is everyone hiding their dough?
A 4bd/2bth in Oak Ridge with a ‘3’ handle. New furnace and looks buttoned up overall. Hey, if ya gotta, ya gotta:
https://www.trulia.com/home/231-russia-rd-oak-ridge-nj-07438-39429088
Cheap azz boomer ain’t going back there until you bring back unlimited shrimp. Hehe
Red Lobster Launches New-Look Menu With 7 New Items After Exiting Bankruptcy
.
The CEO didn’t pull punches though about the unlimited shrimp specials that hurt the company’s bottom line, telling the “Today” show that it is gone, “because I know how to do math.” But he didn’t say it would never return.
The promotion, which had been a limited-time offer, but was made permanent by former CEO Paul Kenny, cost Red Lobster $11 million, USA Today reported.
Adamolekun said he “always felt dubious” about the endless shrimp deal, telling CNN that shrimp was a “very expensive product to give away endlessly.”
Phoenix, change your age in your google chrome profile to be your right age and you will get better news recommendations. Too juvenile for a Friday morning.
Whats the catch Eddie?
Other than bitcoin, which will go the way of NFTs, where is everyone hiding their dough?
Buy shiny metals, the Renmimbi will be the de-facto currency soon.
Got a problem, call a cop. He will light you up instead of the burglar you described to the dispatcher: Warning, this video is gory. Think twice about picking up the phone, you might just get a dolt with a gun:
https://www.reddit.com/r/vegaslocals/comments/1grl5qi/las_vegas_police_shoot_homeowner_instead_of/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
Whats the catch Eddie?
I don’t know. Even the street level view looks nice. On the surface, it has potential but I can’t figure why the big price drop. Maybe this house goes under contract this weekend.
Menendez taught me this, a closet full of shiny.
Fast Eddie says:
November 15, 2024 at 8:44 am
Buy shiny metals, the Renmimbi will be the de-facto currency soon.
Bought several gold bars at $1100 -$1300 several years ago. Cant bring myself to buy at these prices.
“My brother is dead because a police officer was not properly trained,” Wright said. “The officer shoots my brother in the head, continues to shoot him at least four more times when my brother is laying there dead on the floor… and saying, ‘Stay down.’ Where is he going? He’s already been killed by you?”
Raise your rent. Convert that into more gold bars.
RentL0rd says:
November 15, 2024 at 8:49 am
Bought several gold bars at $1100 -$1300 several years ago. Cant bring myself to buy at these prices.
This is going to be interesting.
Here is your leader for Health and Human Services. The man who attached a whale head to his car and thought a worm was eating his brain. Go MAGA!
https://www.nytimes.com/2023/07/06/us/politics/rfk-conspiracy-theories-fact-check.html
So who is going to check on the 5G towers?
DNA flirting with $5 again.
When does DNA get back to $558 a share? I mean a strategy of averaging down has to eventually work right?
Does Tyson pull this one off tonight?
Iron Mike said that “the devil himself” would show up tonight.
Netflix all time highs too, way to rich for my blood.
Imagine touting an ETF that drops %75 and your recovery trade was one that lost 99%.
Other than bitcoin, which will go the way of NFTs, where is everyone hiding their dough?
I’m “hiding my dough” in the same place I always “hide” it- a diversified mix of stock and bond mutual funds. Not changing my stock/bond allocation, nor buying gold, bitcoin, etc.
Basically doing exactly the same thing I’ve been doing the last 30+ years.
Wow I found a video of Pumpkin getting kicked off a plane!
https://www.reddit.com/r/TikTokCringe/comments/1gq89n7/the_tears_at_the_end_were_a_unique_brand_of/
Eddie,
Oak Ridge is a section, not a town. This is on the Passaic County side, West Milford. House is old, cheaply constructed and looks white trashy. What other than the 3 handle appeals to you? Town verified 3 bedroom septic advertised as 4 bedroom (idiot agent). Just another dated piece of sh#t in the middle of nowhere. No need to buy in the Poconos.
Allot of money for the fight tonight…..$80 million
14-ounce gloves instead of the standard 10 ounce, means softer blows with more padding etc.
Two minutes rounds rather than the usual three minutes
Eight round only fight will not go to 10-12…
Ok. You course corrected. Lol.
Phoenix says:
November 15, 2024 at 8:46 am
Menendez taught me this, a closet full of shiny.
Fast Eddie says:
November 15, 2024 at 8:44 am
Buy shiny metals, the Renmimbi will be the de-facto currency soon
Ok, but what do you really think?
Old realtor says:
November 15, 2024 at 11:03 am
Just another dated piece of sh#t in the middle of nowhere. No need to buy in the Poconos.
“Basically doing exactly the same thing I’ve been doing the last 30+ years.”
I am still 50 equity/50 fixed. Some time in the next five years, I’ll be able to go back 100/0 at a much lower price than we are currently at (will start scaling back in at center channel in the Nasdaq). These once a decade opportunities are where I have made the majority of my wealth. Very, very, very few have the discipline to invest this way. Money managers can’t do it because no will let them employ such long-term strategies as management and customers don’t have the patience or discipline either.
OC1, you are doing what nearly everyone SHOULD be doing besides screwballs like me. In the end, a few will win the lottery, but the vast majority won’t even match the indexes. And you’ll sleep better and will live longer than both of them.
Tyson is going to get his ass whipped. Probably will get knocked out, or he’ll just hug his way to his payday. Trust me, the athletic wall you hit in the 50s is insurmountable. He’s nearly 60.
DNA will prevail. Go luck at their earnings. They have righted the ship. 2026 is breakeven and eventually this company is going to be a force. Too many important smart people involved. Biotech is the future. I don’t make the rules.
Lib, entire market getting beat up. Who cares. You have zero appetite for real risk and we get it. Making real money involves making unpopular picks that become popular down the road. I don’t give a f/k what asset it is. That’s how real money is made, by taking on risk. Sure, you can index fund at 20….wait 40 years and then have money. aka you missed out your entire life. Cool for some, but that’s not for me. To each and their own.
And I am not in bitcoin….bitcoin already made its big moves. Look at the market cap. Maybe get 2x-3x times from here if lucky. Bonk is where I have chose to take my shot. #BonkTheWick
Whole community pushing this story now since there was glitch wick to .11 cents this week on coinbase. That’s all that matters to these memes….it’s based on community, story, and greed. It’s a new asset class for the young, who are doing their own thing to make a buck. They see the stocks and most coins as rigged(vc capital), so they started their own. Again, I don’t make the rules. Call it stupid, or whatever you want, but there is serious money to be made or lost. I have made good money trading it past year.
By the way….someone cashed out their bitcoin buy this week. $120 dollars at .06 turned into $179,000,000.
Tyson fought Roy Jones, Jr. four years ago..
If he still hits that hard it won’t go so easy for Paul.
https://www.youtube.com/watch?v=C166p3V7vjU
Tyson and Jones clearly had a gentlemans agreement to not try to hit each other hard in the head. But I watched that fight and it was entertaining. And to be honest, I saw Tyson throw some body shots and hooks that sounded absolutely nasty. It doesn’t matter if he’s old. He’s clearly roided up and has that power. I’m not convinced this is a real boxing match though.
BRT,
It definitely isn’t. Will probably be called a draw if it goes 8.
Let’s go tyson! Fighting with rage. I don’t care if he is 58. You saw the rage come out yesterday when he slapped the chit out of paul for stepping on his foot. Turned Paul’s head sideways with that slap.
OC1, you are doing what nearly everyone SHOULD be doing besides screwballs like me.
I figured out a long time ago that I’m not smart enough to beat the market. ;)
To be honest, I’m not sure anyone can in the long run, but I’m 100% certain that 1) I can’t, and 2) that I can’t pick a money manager who can.
About the only active thing I do is managing my retirement withdrawals so that I can do some Roth conversions every year at the 12% rate.