Political Discussion

I have heard someone say that it's really embarrassing politically for the Democrats that the HEROSAct will not get a vote on the senate floor.

The fact that it will not get a vote means it's unpopular and very bad legislation.

Yeah, it's only unpopular for Republicans. And there is no vote because they control the senate and are making a political stand against it.

It does not mean it's bad legislation. Maybe that was true in the past. But today just because it's what the other party wants is enough for no vote.
 
The housing market fell off a cliff in April. It came to a virtual standstill and prices plummeted.

However, despite all this, rent still managed to increase nationally in April. Other than groceries, rent is the only other thing going up in our economy during this crisis.

Why is rent going up? Because it can. People are not wanting to move right now and landlords know this. They can raise their rent and know that the odds are very good their tenant will accept to avoid going through the hassle of moving. In other words, they are taking advantage of the the situation. People are not looking for new housing right now.

Also, nationally, it is estimated that 4 Million Americans have yet been able to pay April's rent.
 
Someone corrected me on the above.

They said the housing market has not fallen off a cliff. It's still strong. It's the number of transitions that fell off a cliff. Property values have remained the same. They have not gone down. While sales were down in April people in a hurry to sell their homes did accept offers for less. That does not mean the housing market went off a cliff. It is still strong and will continue to grow once things open back up.

What is everyones thoughts on that?

The same person who corrected me on this also said that evictions for renters were up in April.

In states where housing courts were not closed and no orders were in place saying evictions have been deferred for 90 days landlords began the legal process of evictions for people who fell behind on their rent due to COVID-19. Some landlords where evictions were deferred demand their tenants move out and that they were being evicted.

In every state where evictions were deferred by 90 days expect to see a huge spike in evictions proceedings as soon as landlords are able to if their tenants have not caught up on rent. Most likely by summer.
 
RenegadeMonster said:
Someone corrected me on the above.

They said the housing market has not fallen off a cliff. It's still strong. It's the number of transitions that fell off a cliff. Property values have remained the same. They have not gone down. While sales were down in April people in a hurry to sell their homes did accept offers for less. That does not mean the housing market went off a cliff. It is still strong and will continue to grow once things open back up.

What is everyones thoughts on that?

The same person who corrected me on this also said that evictions for renters were up in April.

In states where housing courts were not closed and no orders were in place saying evictions have been deferred for 90 days landlords began the legal process of evictions for people who fell behind on their rent due to COVID-19. Some landlords where evictions were deferred demand their tenants move out and that they were being evicted.

In every state where evictions were deferred by 90 days expect to see a huge spike in evictions proceedings as soon as landlords are able to if their tenants have not caught up on rent. Most likely by summer.
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Seems like a dumb argument. "Values haven't gone down, just less people are buying and people who want to sell quickly have to lower prices." doesn't make much sense.

At least here where the market is driven by people wanting to move to where I live. If less people are buying, prices will go down. Since the property values are based on prices people have paid, the houses next to those people who "accepted offers for less" have decreased in value in the short term. We will see what average prices look like in 6 months or a year for long term effects.

Having to take a lower price to get out of a house quick is a pretty good indicator of the market, so I don't agree with them discounting that assumed statistic. If a house is priced fairly here and the market is doing well, it will be bought quickly. Weird to act like the "real" market value is driven by houses that have to sit on the market for a long time waiting for the perfect buyer that agrees that the remodeling you did is worth what you think it is.

Edit: Coincidentally, today I looked up two houses near me that have had For Rent signs out for months. One has been marked down and still doesn't have a renter. Both are way out of my price range for less house than mine, so if they are indicative of current value (not really if they can't find a renter) thank God I bought when I did.
 
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dhodo said:
Seems like a dumb argument. "Values haven't gone down, just less people are buying and people who want to sell quickly have to lower prices." doesn't make much sense.

At least here where the market is driven by people wanting to move to where I live. If less people are buying, prices will go down. Since the property values are based on prices people have paid, the houses next to those people who "accepted offers for less" have decreased in value in the short term. We will see what average prices look like in 6 months or a year for long term effects.

Having to take a lower price to get out of a house quick is a pretty good indicator of the market, so I don't agree with them discounting that assumed statistic. If a house is priced fairly here and the market is doing well, it will be bought quickly. Weird to act like the "real" market value is driven by houses that have to sit on the market for a long time waiting for the perfect buyer that agrees that the remodeling you did is worth what you think it is.

Edit: Coincidentally, today I looked up two houses near me that have had For Rent signs out for months. One has been marked down and still doesn't have a renter. Both are way out of my price range for less house than mine, so if they are indicative of current value (not really if they can't find a renter) thank God I bought when I did.
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Just got more info on this. According to Zillow, which they used, home values have not gone down what so ever for listings. That is why they are saying values have not gone down.
 
www.cnn.com

Judge allows fraud suit against Trump, family and company to proceed

A federal judge on Monday allowed a federal lawsuit accusing President Donald Trump, his three eldest children and his company of collaborating with a fraudulent marketing scheme to prey on investors to proceed.
www.cnn.com www.cnn.com

And here is how Trump supporters are responding to that news:

That's a Obama appointed judge. The case will go to the supreme court and be tossed.
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Saw a testy eyed add praising teachers by google on TV last night. Considering budget shortfalls and what educators are gonna be up against next year l’d rather they just pay their taxes.
 
RenegadeMonster said:
It's also interesting that when you poll the question "Who do you think will win the election in November", Trump leads by 13 points.

People say they are going to vote for Biden, but expect Trump to win.
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I think that can be a good thing though. I am a worrier and a pessimist (at least about the shitshow that is politics) so I would be hard pressed to say I don't think Trump will win. However, I'm damn sure going to make sure I vote against him, so hopefully that thinking motivates others to go vote, like me, and not stay home.
 
RenegadeMonster said:
It's also interesting that when you poll the question "Who do you think will win the election in November", Trump leads by 13 points.

People say they are going to vote for Biden, but expect Trump to win.
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After 2016, most people are snakebit. They were told by that Trump could never win. Now, they are assuming the worst and hoping for the best. Right now Biden is a generic candidate and the whole election is a referendum on Trump. This is not gonna be a “Hope & Change” election this is gonna be a “Let’s Not Fuck Ourselves” election.
 
The Libertarian Party is heavily expected to nominate Jo Jorgensen for President. Jorgensen has a PhD in Psychology from Clemson University, and is a lecturer at Clemson. She was the party's nominee for Vice President in 1996.

Amazing that the LP is nominating a woman, yet the Democrats had the most diverse field ever, and yet ended up with another old, white, moderate male.
 
In my area, at least, home prices have not gone down. However, as most banks have either stopped or reduced their lending practices for new home purchases, the market has stagnated. Not a great place to be if you’re trying to seek your home, but here we are.
 
Less than 24 hours after I talked my black friend off a cliff (he had decided he wasn't going to vote) over Biden's idiotic, inflammatory comments another black man winds up dead at the hand of the police. Not to mention that lady (who should be facing charges) in Central Park who clearly wanted another dead black man at the hands of the police.

This is why.jpg
 
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