Housing: Gains Again

Hot off the press release from Case Shiller, S&P, CoreLogic:

NEW YORK, October 25, 2016 – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data for August 2016 shows that home prices continued their rise across the country over the last 12 months. More than 27 years of history for these data series is available, and can be accessed in full by going to www.homeprice.spdji.com. Additional content on the housing market can also be found on S&P Dow Jones Indices’ housing blog: www.housingviews.com

YEAR-OVER-YEAR  The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.3% annual gain in August, up from 5.0% last month. The 10-City Composite posted a 4.3% annual increase, up from 4.1% the previous month. The 20-City Composite reported a year-over-year gain of 5.1%, up from 5.0% in July. 
Portland, Seattle, and Denver reported the highest year-over-year gains among the 20 cities over each of the last seven months. In August, Portland led the way with an 11.7% year-over-year price increase, followed by Seattle at 11.4%, and Denver with an 8.8% increase. Ten cities reported greater price increases in the year ending August 2016 versus the year ending July 2016. 

MONTH-OVER-MONTH Before seasonal adjustment, the National Index posted a month-over-month gain of 0.5% in August. Both the 10-City Composite and the 20-City Composite posted a 0.4% increase in August. After seasonal adjustment, the National Index recorded a 0.6% month-over-month increase, and both the 10-City Composite and the 20-City Composite reported 0.2% month-over-month increases. After seasonal adjustment, 14 cities saw prices rise, two cities were unchanged, and four cities experienced negative monthly prices changes.

Then we get to the charts:

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The following chart shows the index levels for the U.S. National, 10-City and 20-City Composite Indices. As of August 2016, average home prices for the MSAs within the 10-City and 20-City Composites are back to their winter 2007 levels.

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Again, my understanding is that while the price in nominal terms is back to 2007, that’s not adjusted for inflation.

Delusional Markets?

You will no doubt remember that chart that I put up every so often. The one that suggests we could have another 5-9 months of craziness before the final popping of the largest financial bubble in world history.

That is to be expected, of course. Since we have more people, and less resource than ever. If you doubt me, go fishing sometime and talk to me about the catch.

Wish Granted

I can’t help but begin the balance of the column this morning with a hat tip to the Daily Caller for reporting “Facebook COO In Leaked Email: I Still Want Hillary To Win Badly…”

Yes, I sure it will be “badly” and for a wide

Obamacare Rate Coverup Breaks

Let’s roll with the story in the UK Guardian this morning explaining that how lying, over time, desensitizes people to lying: “From porkies to whoppers: over time lies may desensitise brain to dishonesty .

Since my work is in the field of economics, and we look at the world through unabashedly money-colored glasses, let’s talk about the Big Obama Lie on Healthcare for a minute.

Some large number of months back, a friend of mine – a very liberal sort with a heavy-duty math degree – called me every name in the book for warning that Obamacare would be going up 30% in 2017. “No, no, no George. You’re an idiot…” he insisted. OK, he was right about the idiot part, but not about my economic assessment.

Because this morning here come the reports that Obamacare bills will be going up and AVERAGE of 25% in 2017!

Fortune Magazine – which is not grinding a political axe, headlines “Obamacare Premiums for 2017 Jumped 25% on Healthcare.gov.”

On the other hand, CNN – which some call the Clinton News Network for their “friendly” coverage sells it as “…premiums to soar 22%.”

And my favorite liberalista apologists at NPR skip over the screwing of the wallet you’re in for and offer instead the lefty free lunch: “Rates Rise Again For Obamacare Health Plans, But So Do Subsidies.”

I don’t want to risk repeating myself, but Obamacare is a new income tax, and since it is government mandated, it is a what?

TAX.

Yes, it’s a graduated income tax in insurance clothing. It’s also corporate welfare for the insurance moguls. Many of which are in the One Percent, but then again they can be: Most will get free employer-provided insurance since the overhead for healthcare is marked up and passed on to who?

Another thing I mentioned to you in the past was that Paul Ryan is the head of the Obama Wing of the GOP. The majority of so-called republicans (an exception maybe being Rand Paul) have no conception of small government, limited foreign entanglements, actual equality not just in left wing sloganeering – which we will get to in a minute, but they also haven’t figured out free trade.

As luck would have it though, I won’t point these items out in detail this morning.

I will simply tell you that I told you there was a republicorp and democorp conspiracy to keep the Obamacare screwing a secret until AFTER the election. Which is treasonous, in my view, since it consitutes trying to hide facts from the voters that might be useful at the polls.

Which, by the way, explains why the Turncoat Paul Ryan Wing of the GOP is furious that they have been outed as co-conspirators in the financial rape of your wallet.

Even more amazing is that they are now BLASTING Obamacare after their “budget deal” to keep this buried has now surfaced.

If it doesn’t make sense to you yet, go back and re-read the article on lying and things will fall into perspective.

Meet the New Racists

Ure’s truly is not a racist. I worked in R&B radio for several years where I was the minority. Went to a predominantly non-white high school, have relatives who are black, etc . etc.

Thanks to an even grounding in multiculturalism before it become a growth industry, and a firm belief in the Constitution, I am totally down on all forms of racism.

You see, racism is not about white supremacy OR black supremacy. It’s about everyone gets an equal opportunity.

And, I firmly believe, you don’t “make up for past injustice” by writing checks or instituting reverse racism. Equality is just that.

Well, except on the lefty campuses around the country where white guilt is being taught.

Which gets my bile riled up when I ready over on HeatStreet how “Left-Wing Berkeley Protesters Demand ‘Spaces of Color’, Harass White Students Trying to Pass.”

Here is the ugly secret that the left-influenced press in America is not reporting.

Sure: If a black person is not allowed to attend an event based on race that is sure as hell racism and is inexcusable.

BUT: If a white person is denied entry to an event because of their race, then THAT is racism, too.

And that’s where America is today. We’re in the process of monetizing reverse racism.

When I see how “white guilt” classes and such are cropping up in formerly reputable schools, I just shake my head.

Racism is bad/wrong/ugly, no matter who does it. There simply is not “OK racism.”

At least if you believe in genuine equality of opportunity.

But since THAT is one of the ideals enshrined in the Constitution, I guess it would make sense with the slow-motion left wing coup in America, augmented by Obama/Clinton open borders and poor vetting of “refugeees” it’s only to be expected.

We aren’t making cell phones here, or teaching critical thinking…but we can sure monetize race and gender like no other country on Earth.

Not exactly the kind of thing to be proud of, is it?

Maybe it’s time for me to get with the times.

I am going to work on a curriculum outline to promote asthmatic rights and reparations for eczema victims. (You gotta play the victim card because that’s where the big money is…)

We’re all P.O.C. (*people of color if you missed the re-education camp meetings) but where’s the revenue stream in that? 

And trust me, it’s all about money and control.

OK then:  Is War the Answer?

We know that oftentimes when historical figures who were in leadership positions needed something to distract people from the misery they were imposing, they would start a war.

“Could Hillary Clinton start a World War? Sure as hell she could – and here’s how…”

Yep.  Kill people and break things…the historic massive economic stimulus.

Comments

Housing: Gains Again — 15 Comments

  1. Remember, we keep being told no one is going to raise taxes on the middle class. Well, Obamacan’tcare raised taxes on the middle class, and will continue to.

    If anyone out there is getting ready to eat a 25% premium increase that YOU have to pay for cause you don’t get any ‘kickbacks, excuse me bribes, excuse me, freebies, excuse me, help with your unaffordable premiums)’ look up the SIX exemptions to Obamacare on the internet. There is not ONE reason why any one should be paying those sky high premiums or deductibles – if you can’t afford it, you can’t afford it, if you don’t want to pay it, you don’t have to, nor do you have to pay the penalty. Look up the Health Sharing Ministries like: Samaritan Ministries Health Share, Liberty Health Share, etc. Becoming a member, EXEMPTS you from Obamacare.

    Glad you realize that racism is a multi-colored street, and yes there is reverse racism, or white racism, but very few liberals would agree with you, thus the University classes teaching, ‘White Privilege’ – seems to me, to be RACIST classes taught by racist teachers. Since 4% of the Southerners owned Black slaves, and yet the FIRST slaves into America were Whites, it is quite full circle to now be racist against Whites.

    PRETEND: the MSM, the elites, the Obummer Administration, and Hillary all pretend to care about Blacks, but they don’t care about Blacks, or Brown people, definitely not Whites, and surely they don’t care about Asians, and we know how they have ignored the Red man, so it is obvious WHO they do care about.

    I keep thinking about ole George Carlin. “It’s a club and you ain’t in it.” It is on you-tube and definitely worth a listen to. He about sums it up pretty good.

    As far as war, yep, if she wins, we will continue in our war mongering ways as everybody knows we are in at least FOUR war fronts right now, so what is a few more for the New World Order, and General Clarke says we got more countries to take out. Plus, maybe a bonus round with Russia and China.

    If Trump wins, they will have to ‘sell the war’, or persuade him and the country to go to war which means more false flags, economic instability, you know, ALL the usual characters are gonna come out to play.

    ONE of the only things that is going to stop this nonsense is the PEOPLE, true civil unrest RISING UP AGAINST the STATE PEOPLES (AS in the government).

    I like to remind people now and again to get the Mary Summer Rain books, “Spirit Song,” and “Phoenix Rising.” You all may as well know what is going to happen, just in case you don’t believe George.

  2. corporations have to die it’s just that simple can you think of a reason a good reason for them to keep on living personally I think the people who changed the charter of Corporations need to be in a non-existent anymore because they have changed the charter for their benefit and there’s only and not for the people so Corporation could be a good thing if it was for the people but when it’s full of the Prophet shareholders and the majority of the Shell Holders are the ones who create the money at the top then it’s a no deal so yeah I think the corporation as it stands should know about that do you agree what’s your opinion

    • Agreed, they have to die, but as you pointed out, they have an unlimited funding base just like some of our politicians. Until that unlimited money supply dies, too, we can’t start over or take control of our own future, as has been documented many times, that funding source combined with government, lobbyists, and corporations will sell out YOUR Mother to make a buck!

  3. Sure is strange as hell in that the civil rights movement was about integration and ending racism for the very people who today , now want separation and speak in heavily racist language.

    Ooookay…..

    But dont listen to me. Im just a guilty white racist male.

    • Spot on, round and round it goes, I guess we were all getting along too good for the elites, George Soros, Obama, and the ilk had to stir things up!

  4. Only in Nevada is there equal opportunity.There,the citizens are able to invest in short term sporting outcomes.NJ tried to give us that right in 2011,but TPTB realized that the business model worked only among the low IQ Nevada residents, so their lackeys in robes stopped us.

  5. Hillary has had her eye on healthcare for a long time. Will be interesting to see if she spends first part of term revamping Obamacare. She could repeat BHO strategy of hiding from all other issues and sit like cow in mud pushing through pet healthcare project and rewarding the insurance companies for backing her.

    • She was the original architect of Obamacare in 1993? – HillaryCare – it was never meant to succeed – it was meant to fail to introduce single payor……..

      • By design, we don’t check food imports worth a crap either, in every way they could, our government has left our flanks wide open for attack.

      • Its like they are playing a chess game..
        the thing about the chess game is one contestant is blind folded..
        Now which one is the one with the blind folds on is to be seen..
        1.If we look at the old divide and conquer method.. we are in 70+ countries..
        2.there are over 500,000 refugees and illegal immigrants entering a year
        3 Our Leaders are all so bent on greed and power that they forgot sustaining community
        4. we have dumbed down and destroyed our industrial complex left it all to be designed by someone else in another place.. Oh.. they provide our military equipment
        5. you have one of the main game players and he’s acquiring help from some very smart chess masters
        6. we no longer control or police our own ports of entry leaving us at a huge disadvantage of letting someone bring in containers that could hold objects we really don’t want to see.. watch the movie the sum of all fears..
        7. Our leaders and banker class are shoving our faces in the middle of financial ruin that at this point I think is inevitable either way they play the card it is going to take a huge effort to pull us out of the dead spin.

        Like a building coming down in slow motion they are holding as many pieces as we are.
        they are gaining support in some cases right from the places that we get all of our military equipment because of greed..

        https://www.cl.cam.ac.uk/~sps32/Silicon_scan_draft.pdf

        so some joker made how many billions of paper that isn’t backed by a darn thing over this putting us at risk..In my honest opinion there are some things we need to make in the united states not just assemble. unfortunately we have dumbed down our education system

  6. “http://www.dcclothesline.com/2016/10/25/early-voting-report-votes-switched-from-trump-to-hillary-in-texas/

    Residents of at least two cities in Texas are complaining that they voted for Donald Trump only to see the voting machine switch their ballot to Hillary Clinton.

    Early voting for the 2016 presidential election started yesterday for people in some areas who have been given the opportunity to avoid the long lines on November 8.

    However, in Amarillo, a woman was shocked to see her ballot flip from Republican to Democrat.

    “Gary and I went to early vote today,” wrote Lisa Houlette on Facebook. “I voted a straight Republican ticket and as I scrolled to submit my ballot I noticed that the Republican straight ticket was highlighted, however, the Clinton/Kaine box was also highlighted!”

    Hmmm now that is a curiously interesting in the news story.. now how about that.. I have guessed for months that Clinton would have the presidency.. the richest one percent has tried everything to get trump out of the race. what is a few ballot switches when you have control over the machines..
    I figured it would go like JR. Trump would have the popular vote Hillary would get the electoral vote.. but hey.. now that there is technology why cause such a ruckus..

    • That is what they are trying to pull off. OverTheHill Electoral vote, Trump Popular vote. BUT…ain’t gonna happen!