America needs to change
how we think about housing
Posted By: NorthernDog, 6/15/2021 4:24:53 PM
There is one big thing wrong with the American dream of owning one's own home: the price. Now that the pandemic is easing across much of the country, prices are skyrocketing — just like at the peak of the housing bubble, houses are being snapped up for well over the asking price in a matter of hours. The Case-Shiller home price index saw an annualized growth rate of 13.3 percent in March, the highest figure in more than seven years. All this is a consequence of the American idea, and the goofy system we've constructed to prop it up, that homes
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
person likes this.
Below, you will find ...
Most Recent Articles posted by "NorthernDog"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
NorthernDog"
US President Joe Biden delivered a stern warning Wednesday to Russian leader Vladimir Putin over ransomware attacks emanating from Russia, saying he was prepared to retaliate against any more cyber assaults on American infrastructure. Speaking after the two leaders' first summit in Geneva, Biden said he laid down the line on Moscow not taking action against hackers who have extorted hundreds of millions of dollars from western governments, companies, and organisations from the safety of Russian soil. "I pointed out to him we have significant cyber capability and he knows it," Biden said in a press conference after their talks.
U.S. to allow more parents to petition
for their children to immigrate
legally from Central America 10 replies
for their children to immigrate
legally from Central America 10 replies
The Biden administration on Tuesday made tens of thousands of Central American immigrants in the U.S. eligible to petition for their children to come to the country legally as part of an effort to discourage youths from journeying to the southern border. Shortly after taking office, President Biden ordered officials to revive the Obama-era Central American Minors program, which originally allowed certain at-risk children in Guatemala, Honduras and El Salvador to come to the U.S. as long as their parents had secured legal status in the country. The Obama administration portrayed the program as an alternative to the often perilous
Vice President Kamala Harris is hosting a first-of-its-kind dinner at her Washington D.C. residence on Tuesday, one where all her female colleagues in the U.S. Senate have been invited. All 24 of the country's female senators were invited — 16 Democrats and eight Republicans. The bipartisan dinner will be hosted in the vice president's residence at the U.S. Naval Observatory, marking the first time Harris has hosted lawmakers since moving into her home in April. (Snip) It is unclear whether Harris will cook herself or have a chef prepare the meal, although Harris has stated she's an avid cook in the
There is one big thing wrong with the American dream of owning one's own home: the price. Now that the pandemic is easing across much of the country, prices are skyrocketing — just like at the peak of the housing bubble, houses are being snapped up for well over the asking price in a matter of hours. The Case-Shiller home price index saw an annualized growth rate of 13.3 percent in March, the highest figure in more than seven years. All this is a consequence of the American idea, and the goofy system we've constructed to prop it up, that homes
A branch of Greta Thunberg's School Strike 4 Climate movement in New Zealand disbanded on Saturday, saying it "has been a racist, white-dominated space." The SS4C Auckland announced its disbandment on Facebook. The group said its organizers had "avoided, ignored, and tokenized BIPOC voices and demands," especially those of Pacific Islanders and Māori individuals. "Going forward, we will only be using our social media to uplift BIPOC-led climate justice spaces in Auckland," the organization said. "We apologize for the hurt, burnout, and trauma caused to many BIPOC individuals, including current and past members, as well as BIPOC-led groups. We also
NEW YORK — A new analysis of blood samples from 24,000 Americans taken early last year is the latest and largest study to suggest that the new coronavirus popped up in the U.S. in December 2019 — weeks before cases were first recognized by health officials. The analysis is not definitive, and some experts remain skeptical, but federal health officials are increasingly accepting a timeline in which small numbers of COVID-19 infections may have occurred in the U.S. before the world ever became aware of a dangerous new virus erupting in China. “The studies are pretty consistent,” said Natalie Thornburg
Barack Obama is praising his daughters for their take on "cancel culture," their social activism and their generation's fight for fairness. The former president's daughters Malia, 22, and Sasha, 19, participated in Black Lives Matter protests last summer after the death of George Floyd, Obama previously shared. In a new interview with Anderson Cooper that aired Monday, he divulged more about their beliefs. Among them is their "good sense" of "cancel culture," he said. They'll acknowledge that sometimes among their peer group or in college campuses, you'll see folks going overboard (on cancel culture)," Obama said. "But they have a
The Senate confirmed Judge Ketanji Brown Jackson on Monday to the influential federal appeals court in Washington, elevating a trial court judge who is considered a contender for a potential opening on the Supreme Court. Three Republicans joined Democrats in approving Jackson’s nomination in a 53 to 44 vote. Jackson, 50, was nominated in March as part of Biden’s first slate of judicial picks from diverse personal and professional backgrounds. She fills the vacancy left on the U.S. Court of Appeals for the D.C. Circuit by Attorney General Merrick Garland, who served on the bench for 24 years. A former
Crude oil has climbed to its highest price in nearly three years as the pandemic recedes and global demand soars. U.S. crude oil was $71.50 a barrel on Monday -- its highest price since October 2018 -- and Brent crude oil, the international benchmark, topped $73 a barrel. Crude oil prices have risen steadily since the start of the year as businesses reopen and demand for air and auto travel bounces back. As of Monday, U.S. crude oil is about $23 a barrel more expensive than it was in January. Meanwhile, the national average price of gasoline has also risen for eight
MINNEAPOLIS - Minnesota’s first Black-owned juice bar was broken into overnight, forcing it to close just days after its grand opening. Catiesha Pierson, the owner of The Dripping Root, had to do what no small business owner wants to do on Friday, sending customers away as she focused on cleaning up after an early morning break in. (Snip) Pierson said the incident did not feel random. "Like, is it someone I know? Someone that came through as a customer? Have they been watching through the window? I am getting goosebumps and shaky just thinking and talking about it," she said.
Tent-lined streets with belongings scattered everywhere. Infected wounds with bugs living inside. A man who hasn't showered in over a decade. An 80-year-old woman who can't feed herself. People who ride the metro rail lines because the trains are a safer place to sleep. California's homeless problem has been out of control for decades. Then came COVID-19. The result has been a deadly combination of medical crisis, human hopelessness and bureaucratic red tape as the state, reeling from the virus' impacts, tries to rebound with a plan for the 160,000 homeless people. That number eclipses any other state – and accounts
Giant oil corporation Royal Dutch Shell is considering shedding some or all of its assets in the Permian Basin, Reuters reported on Sunday, underscoring the pressure Shell and its competitors are under to focus on transitioning to a carbon-neutral economy and combat climate change in the coming decades. The Netherlands-based company has some 260,000 acres in the southern US oil field, the largest in the country, that could be worth as much as $10 billion, Reuters reported, citing sources familiar with the matter. Shell declined to comment to Reuters. Shell produces some 160,000 to 170,000 barrels of oil per day
Most Active Articles (last 48 hours)
The very richest Americans could be hit with bills for billions of dollars under plans being developed for a wealth tax by Democratic Rep. Tom Suozzi, it emerged on Monday, which would see Amazon founder Jeff Bezos face paying almost ten billion dollars on his enormous wealth. Suozzi, who sits on the tax-writing House Ways and Means Committee, is drafting what he called a 'patriot tax.'It would impose one-time tax of 2.5% on wealth above $50 million and a 5% surcharge above $100 million.At that rate, Bezos, the country's wealthiest person, would face a payment of almost ten billion dollars on his wealth of about $195 billion.
In relation to an upcoming Supreme Court case concerning abortion, when asked if a 15-week-old unborn baby is a human being, Sen. Richard Blumenthal (D-Conn.) did not answer directly but said, “I’m going to wait for the Supreme Court decision.” At the U.S. Capitol on Tuesday, CNS News asked Senator Blumenthal, “The Supreme Court this fall will review a Mississippi law that bans most abortions after 15 weeks of pregnancy. Is an unborn baby at 15 weeks a human being?” CORRECTION*
There is something you need to know because it is of overwhelming importance to America’s survival as a constitutional democratic republic: The Biden administration is moving inexorably to making it a crime to oppose Biden and the Democrat party’s policies. Attorney General Merrick Garland is organizing a massive task force to hunt those illusory “White supremacists,” who just happen to be Trump supporters. Moreover, the federal charging documents against many of those being held for trespassing in Congress reveal that some of the people most active in planning January 6 and encouraging others to act were FBI agents or informants. In other words, it was a set-up.
Newark Mayor Ras Baraka on Wednesday is set to unveil a statue of George Floyd that officials say will be displayed outside City Hall for at least a year. “The artwork honors the life of George Floyd, an African-American man who was brutally murdered by a white Minneapolis police officer,” the mayor’s office said in a statement. “Mr. Floyd’s death elevated the ‘Black Lives Matter’ movement which has resulted in an international response, including protests, police reform measures, and the removal of Confederate statues from public parks and racist names from organizations.”(Snip) The ceremony will also honor Juneteenth, which is Saturday and marks June 19,
Sen. Joe Manchin has been one of just two Democrats, along with Kyrsten Sinema, to continually say that they aren’t open to abolishing the filibuster. To this point, the filibuster has stood in the way of Democrats seeking to pass all manner of insane bills. Previously, I opined that Sinema seemed more resolute than Manchin regarding her position. Well, that may have been a good bet on my part. A leaked phone call between Joe Manchin and a political advocacy group reveals the machinations being attempted by the West Virginian senator behind the scenes. Not only is Manchin signaling he’s open to abolishing the filibuster, but he’s also targeting
Vice President Kamala Harris hosted a bipartisan dinner party Tuesday night for women senators at her home at the Naval Observatory. All 24 women were invited to the dinner but three did not attend: Sens. Cynthia Lummis (R-WY), Cindy Hyde-Smith, (R-MS), and Krysten Sinema, (D-AZ).(Photo) Republicans attending the soiree included Sens. Deb Fischer (R-NE), Joni Ernst, and Marsha Blackburn (R-TN)
Several of the senators posted photos of the event on social media, thanking Harris for the dinner party. Sen. Debbie Stabenow revealed that Harris made the cheese puffs herself.
Wholesale prices in the U.S. increased at their fastest annual rate ever in May, driven by rising food prices, as soaring inflation threatens to derail the post-pandemic economic recovery.The producer price index, which measures inflation pressure before it reaches consumers, rose 0.8 percent in May for an annual gain of 6.6 percent, the biggest jump since annual data was first compiled in 2010, the Labor Department said Tuesday.The annual gain is somewhat skewed by a 'base effect' from last year's data, when prices plunged early in the pandemic,
On Tuesday, President Joe Biden released a blueprint for his New War on Terror. In the “National Strategy for Countering Domestic Terrorism,” the Biden White House pledges that the administration will combat domestic terrorism “while vigilantly safeguarding peaceful expression of a wide range of views and freedom of political association.” Yet the administration’s biases give conservatives good reason to doubt this pledge. The White House claims that the “two most lethal elements” of domestic terrorism are “racially or ethnically motivated violent extremists who advocate for the superiority of the white race” and “anti-government or anti-authority violent extremists, such as militia violent extremists.”
A Group Of Parents Sent
Their Kids' Face Masks to
A Lab for Analysis.
Here's What They Found 20 replies
Their Kids' Face Masks to
A Lab for Analysis.
Here's What They Found 20 replies
We've been told for well over a year that widespread forced public masking should be implemented because, even if only moderately to slightly to negligibly effective at curbing the spread of COVID-19, there are ZERO drawbacks.
"What's the harm?" they ask.
"It's only a minor inconvenience," they bleat.
"If it saves ONE LIFE, it's worth it!" they implore.
Meanwhile, we on Team Reality have not only continued to point to real-world data that shows...
Russian President Vladimir Putin arrived in Geneva Wednesday afternoon for his summit showdown with President Joe Biden – landing about half an hour before his scheduled arrival at the lakeside villa where they will meet. Putin's official jet, emblazoned with 'Russia' written in Cyrillic in red lettering, touched at 12:26 pm local time. He was set to drive by motorcade to Lake Geneva where the two men will spend up to five hours in meetings.Biden's highly-anticipated first presidential summit with Putin is taking place in a chateau overlooking the lake - a Cold War throwback to Ronald Reagan's meeting with the Soviet strongman Mikhail Gorbachev in 1985.
Donald Trump Expertly Trolls Joe Biden and
Kamala Harris With Big Announcement on
Border Visit Plans 20 replies
Kamala Harris With Big Announcement on
Border Visit Plans 20 replies
The Biden administration has faced a tidal wave of legitimate criticisms from Republicans and even some Democrats and mainstream media journalists over Vice President Kamala Harris’ continued sidestepping of questions on when exactly she plans on visiting the southern border.
Her much-touted trip to the Northern Triangle last week was a disaster, with Harris at times looking unexplainably defensive and hostile with reporters who gently asked her the question that she never would directly answer (outside of that time she lied about visiting the border).
Seeing as we’re closing in on the three-month anniversary of President Biden first putting Harris in charge
A Baptist pastor in Calgary, Alberta, was arrested a second time Monday after a police helicopter discovered where his church had been secretly gathering since authorities locked their building.
Pastor Tim Stephens of Fairview Baptist Church also debated the legal and theological grounds of Alberta’s public health orders with the arresting officer, who quoted Jesus twice before driving the pastor to jail while his young children wept.(Snip)“A police helicopter was deployed to search for and detect this gathering, and to collect evidence against Pastor Stephens of non-compliance with public health restrictions,” according to a press release
Comments:
Author omits some of the biggest issues. It's largely liberal policies that artificially inflate new housing costs. Also, new home owners will avoid crime-ridden neighborhoods like the plague. That leaves everyone scrambling to buy only in certain areas. And yes - a house does actually appreciate in value as the neighborhood becomes more appealing compared to elsewhere.