Aug102016
Millennials doomed to pay rent for life to Baby Boomers
If Millennials chose a lifetime of renting over owning, they may pay that rent to fund the retirement of a Baby Boomer.
My parents are Baby Boomers. Five years ago, I convinced them to retire part-time in Las Vegas and purchase as many rental homes as they could. Their retirement plan depends on renters for income, and many of those renters are Millennials paying for monthly rental properties either lo live or travel.
My parents aren’t unique among Boomers. They both worked for the school system and made a modest but comfortable living up through their early retirement at 62. They fit the profile of a typical mom-and-pop rental property investor: they were older, established, and had enough savings and income to complete the deal. Most people that fit that profile are Baby Boomers, so when the housing crash presented so much opportunity to so many, Baby Boomers were bound to end up owning much of it.
Right now the biggest group of renters is Millennials, and this group is growing, which is one of the reasons the homeownership rate continues to decline. Will they be doomed to pay the retirement income to Baby Boomers? Perhaps, if that is their choice. The Millennials already fund the social security benefits the Boomers will enjoy, so what’s a little more on the rent as well? Renters who are injured while on the property can contact a Marion County premises liability lawyer to claim compensation for lost wages due to the injuries.
Landlord Nation: Boomers’ New Retirement Plan Is Millennials Paying Rent
The foreclosure crisis turned America into a market of renters—and rent collectors.
Patrick Clark, Suzanne Woolley, August 4, 2016 — 3:00 AM PDT
Pete Pollinger and his wife, Julie, … are joining the ranks of what Redfin Chief Executive Glenn Kelman calls Landlord Nation, a group of mom-and-pop investors who have seized on low mortgage rates and robust rent growth to plow savings into rental properties. Together, they’ve lifted the percentage of single-family houses used as rental properties to stratospheric heights, even as many would-be first-time home buyers struggle to reach ignition.
The number of starter homes on the market dropped by more than 44 percent from the first quarter of 2012 to the first quarter of this year, according to research published by Trulia. With entry-level homes in short supply, median prices in the category increased by nearly a third.
Entry level supply is short because prices were reflated back to peak values in many markets. Unfortunately, the peak value in many markets can’t be financed with conforming loans, which means buyers must have 20% down. Most don’t.
The share of single-family homes used as rental properties, meanwhile, has surged to a 30-year high, according to a Zillow analysis of data from the U.S. census. …
“If credit is tight, it doesn’t matter if it’s also cheap, because the people who can get it don’t need it,” Kelman said. “The haves in our society are renting homes out to have-nots, and they’ve been able to do that at increasingly high rents.”
Is this relationship exploitative? That is what Kelman’s statement suggests. The price in the market is what it is. You won’t hear any complaints when rents decline in the next recession.
The seeds of Kelman’s Landlord Nation were planted in the boom times before the last recession, when easy credit helped millions of Americans buy their first homes, pushing home ownership rates to all-time highs. Then the housing bubble burst. Rampant unemployment and exploding interest rates pushed millions of homeowners into foreclosure, creating a ripe patch of cheap housing for would-be landlords—and a new pool of renters to absorb the supply.
Wall Street firms, among the first to recognize the opportunity, poured billions of dollars into single-family homes. But by 2014, rising home prices led the largest single-family investors to scale back the pace of acquisitions and, in time, to start selling off homes to trim their portfolios.
Now smaller landlords are emerging in Wall Street’s wake, taking advantage of low mortgage rates and steady rent growth, as well as property management infrastructure built to serve the larger investors. …
“It is easier to be a landlord now than it has ever been in the history of the U.S.,” Cisterna said. …
That doesn’t make rental properties a sure thing—far from it, said Lewis. Unlike an investment-grade bond held to maturity, a rental home provides no guarantee that an investor will even earn back his or her principal. Renting out homes is also complicated from tax planning and property management perspectives. You’ll also need help from edmonton property management companies to find high-quality tenants.
Cashflow property investing is generally low risk. The risk to original capital is low. Anyone buying a property with good cashflow is already paying a low price, so it’s unlikely prices would fall catastrophically for those properties. Most likely, the investor in a cashflow property could sell at any time after 2 or 3 years and recover the original investment, cash or financed.
The risk with cashflow properties is that they won’t cashflow as expected. If these investments have a weakness it’s that most people overestimate how well they actually perform, particularly if the expectations were set poorly by an overly optimistic financial proforma.
It’s too simple to say that the influx of new landlords has been a bad thing for home buyers, said Svenja Gudell, chief economist at Zillow. When banks were hesitant to lend, cash buyers helped resuscitate comatose markets. Even now that investors are competing with would-be buyers, it’s not clear to Gudell that they’re taking precious housing stock off the market.
“We can all agree that there aren’t enough homes to buy, but if you look at rental rates, you can also say there aren’t enough homes to rent,” she said.
Housing is scarce on both the rental and the resale side in many markets, which is why so many put 50% or more of their income toward housing costs.
At the same time, the share of U.S. households that rent is at its highest level since 1965, leading Redfin’s Kelman to wonder whether the growing class of new landlords has wrought permanent change on the country’s housing market.“The interesting thing to me is that when investors were buying up property in 2011 and 2012, there was all this anxiety about what will happen when they sell,” Kelman said. “Now everyone is surprised to find out that they’re not flippers, but given where rents and mortgage rates are, it makes sense. We may have to acknowledge that there’s only one shoe, and it dropped in 2011.”
The investors who bought in the bleakest hours of the housing bust will sell some day, but they will not all sell at the same time, and they will not necessarily turn the houses over any faster than owner-occupants would. The average owner-occupied home turns over every seven years. I wouldn’t be surprised to see the holding time on many of these rental properties going much higher than seven years. In fact, if the shortage of housing persists beyond peak pricing, the removal of supply by investors may be another culprit.
[listing mls=”NP16172719″]
Mortgage applications jump 7% as rates drop on weak GDP
Lower interest rates driven by a weak GDP reading for the second quarter boosted mortgage applications last week, a sharp reversal from the previous week.
Total mortgage application volume increased 7.1 percent on a seasonally adjusted basis last week from the previous week, when applications fell 3.5 percent, according to the Mortgage Bankers Association.
The drop in interest rates for the second week in a row also spurred a 10 percent increase in mortgage refinance activity from the previous week.
“With lingering concerns over a weak second quarter reading of US GDP growth, along with continuing anxiety over global growth and financial markets, rates edged lower for the second week in a row, ” said Joel Kan, associate vice president of industry surveys and forecasts at the Mortgage Bankers Association. He said Friday’s strong employment report for July was too late to influence average mortgage rates.
He said home purchase applications increased 2.6 percent last week, reversing three-straight weekly declines. The level was almost 13 percent higher than a year ago.
The rate sheet I’m seeing this morning is the lowest since post-Brexit. We literally cannot hire enough people to process the refi volume right now.
What kind of 30 year jumbo rates are you seeing? Wells had 3.375 advertised on their website the other day. Thats ridiculously low…
That rate sounds like they added at least a 1% point up front, which is typical of how the TBTF banks advertise. Looking at Wells Fargo’s website and typing in some dummy numbers it looks like their jumbo rate is 3.75% without points.
The lowest jumbo rate on Bankrate for 0 points is 3.625%. I like to check Bankrate because it forces lenders to compete for leads and usually the best available rate can be found there.
Do you think we will see new record lows? With an improving economy, it’s shocking rates keep falling, but everyone seeks a safe haven, and US mortgage debt with the explicit guarantee from the US government is pretty popular right now.
I generally won’t make rate predictions. The only prediction that I made previously was that late 2010 would be the bottom for rates, which is what I partially based my home buying timing on – peak affordability. Well, that prediction was looking good for awhile, but then QE2 came along and blew it out of the water.
This time around the only thing I feel confident predicting is that I think the current low rates probably won’t go higher for the next few months due to the uncertainty surrounding the election, and because the Fed usually doesn’t like to appear political. Both of those forces should keep rates from rising above the current level, give or take the normal 1/8th percent fluctuations.
Quicken Loans: Homeowners overestimate their home values
Although home prices are on the rise, even hitting highs in some markets, they are not quite as high as homeowners think they are, according to the National Home Price Perception Index released by Quicken Loans, a retail mortgage lender.
The HPPI found that appraisers valued homes at an average of 1.69% lower than what homeowners expected in July.
This is a smaller gap than June, when appraisers valued homes at 1.93% below homeowner expectations.
That being said, home values also increased in July, according to the Quicken Loans Home Value Index. The national index, based solely on appraisals, showed an increase in home prices of 1.43% from last month, and 6.24% from last year.
Contrary to the national trend, homeowner perception has not kept up with rising home values in the west. Appraised values were higher than homeowners estimated in Western cities including Denver, San Jose and San Francisco, by as much as 3.1%, 2.52% and 2.36% respectively.
“One of the most important things for consumers to take away from the HPPI is just how regionalized housing truly is,” said Quicken Loans Chief Economist Bob Walters. “While those on the West coast are being surprised by their high appraisals, homeowners in the Northeast and Midwest are more likely to be shocked by their low values.”
“If homeowners keep an eye on local home sales, they can be better aware of their current home value and not be shocked when they go to sell or refinance,” Walters said.
Real estate agent 6% commission increasingly under threat
Agents also face increasing expectations from clients
The standard 6% commission for real estate agents is getting pushed to the test as the majority of Americans in today’s market end up paying less.
Per Bloomberg:
The article cited a recent Redfin survey that found 60% of people who sold a home in the U.S. over the last year got a discount from their agent, with average savings of 41% off the standard commission.
Of course, this result is not a surprise coming from Redfin, a low-commission real estate listing service. However, there is no denying the rise of the sharing economy, where people use inexpensive, digital tools such as Uber and Airbnb to list services, is impacting real estate.
Even paying only 5% commission can add up to a decent-sized savings for sellers. But on the other side, it could come as a loss to real estate agents.
Here’s the math from the article by Patrick Clark:
If you’re selling a $400,000 house and manage to cut your agent’s commission to 5 percent, you just saved $4,000. If you got the 41% discount that Redfin’s survey identified as the average, you saved just under $10,000.
This is bad news for real estate agents right? Not necessarily.
While the article suggests that low inventory is causing agents to fight over a small number of listings or even that agents are agreeing to accept discounted fees due to pressure from real estate tech startups, this isn’t the likely answer.
The most likely reason could actually translate into more money for the agent.
From the article:
A more plausible argument is that not all sellers look the same to real estate agents. Homes that sell for higher amounts generate larger commissions—and probably create some additional wiggle room for agents to cut fees. Likewise, a seller who plans to use the same agent to sell their old home and buy a new one probably has extra leverage in bargaining.
The Redfin survey indicates that even sellers with more modest properties and no plans to buy a new home should inquire about reducing their fee. As any good negotiator would tell you, it doesn’t hurt to ask.
Relator compensation has been artificially inflated by low rates. If rates were still in the 7% range, then housing prices would be ~15% lower. Doing the math: .06%*.85= .05%. 5% of current sales prices is the correct QE adjusted compensation for realtors. It really should be 4%, since rates should have risen as demand to borrow would have far exceeded existing capital.
With low inflation, it’s hard to justify why real estate commissions should rise based solely on falling rates. I.e., the economy is bad, so the federal government lowers rates to support the economy, which drives up housing prices – increasing realtor compensation. If general inflation were driving up purchasing power, then rising sales commissions would be justified.
NAR: Home affordability remains as depressed as the average American paycheck
Home prices increased yet again in the second quarter, outpacing wage growth, according to the latest quarterly report by the National Association of Realtors.
This is causing affordability to decline despite historically low mortgage interest rates, according to the trade group’s head economist.
Low rates are normally an incentive to get a mortgage, but not in this, current housing market.
In fact, prices rose so much that in San Jose, California, the median single-family home price hit above $1 million.
With affordability falling, it’s not surprising that homeownership continues to decrease. In fact, it is now at it’s lowest rate since 1965. That being said, some experts have their own theories as to why homeownership is so low.
The median single-family home price increased in 83% of measured markets, about 148 out of 178 metropolitan statistical areas. The gains are based on closed sales in the second quarter compared to the second quarter last year.
On the other hand, 16% of the areas, 29 metros, showed lower median home prices than last year.
There were fewer increasing markets in the second quarter compared to the first quarter when prices increased in 87% of metro areas.
In the second quarter, 14% or 25 metro areas saw double-digit increases. This is slightly less than the first quarter’s 28% and last year’s 19% of metros that saw double-digit increases.
“Steadily improving local job markets and mortgage rates teetering close to all-time lows brought buyers out in force in many large and middle-tier cities,” NAR Chief Economist Lawrence Yun said.
“However, with homebuilding activity still failing to keep up with demand and not enough current homeowners putting their home up for sale, prices continued their strong ascent, and in many markets at a rate well above income growth,” Yun said.
What $100 Can Buy, State by State
Spend enough time traveling around the United States and you’re bound to notice a dramatic variation in what a dollar can buy.
Everything from the price of a cup of coffee to the cost of a house can fluctuate between, and even within, states.
A gallon of regular gas costs $2.74 in Hawaii, but just $1.82 in South Carolina.
The average Connecticut resident pays twice as much for electricity as the average Tennessee resident.
A $7 lager in San Francisco might cost you half as much in Chicago. A $5 hamburger in California may be a dollar cheaper in Nebraska.
Tuition at public colleges varies by orders of magnitude.
Fortunately for the confused consumer, the federal government now measures these variations.
For a few years now, the agency that tracks gross domestic product, personal income and other economic indicators has also produced what it calls Regional Price Parities, measures of price fluctuations across states and metropolitan areas.
That data, published in July by the Bureau of Economic Analysis, shows that a dollar can swing by more than 30 percent in terms of what it can buy.
“Regional price differences are strikingly large; real purchasing power is 36 percent greater in Mississippi than it is in the District of Columbia,” Alan Cole, an economist with the Tax Foundation, a think tank, noted last week in a blog post.
To better understand, imagine a store offering a range of goods and services, each for sale at the national-average price for that particular item. Now, imagine a shopping cart filled with $100 worth of items from that store.
In Hawaii, $100 buys about 85 percent of the goods in the cart thanks to the high prices there. In other words, $100 in Hawaii feels more like $85.60, compared to the national average.
In Mississippi, the opposite is true. With $100, you would be able to buy the cart’s contents and more: the equivalent of $115.30 of goods and services from the national-average store.
The relative value of $100 in each state
The “real value” of a dollar is highest in Mississippi, Arkansas ($114.30), Alabama ($113.90), South Dakota ($113.60) and Kentucky ($112.70). It buys the least in the District of Columbia ($84.70), Hawaii, New York ($86.40), New Jersey ($87.30), California ($89) and Maryland ($90.70).
Housing projects approved at Irvine Business Complex
IRVINE – Plans to develop town homes, apartments and a hotel at the Irvine Business Complex got the green light, as part of the city’s effort to transform the aging industrial district into a mixed-use community.
The city’s Planning Commission recently approved the following four projects within the job-rich district of more than 2,000 acres near John Wayne Airport:
• A 39-unit town home community near the northwest intersection of Main Street and Gillette Avenue. The 1.97-acre site currently has a single-story building used to store classic cars and service station memorabilia. The new community will consist of seven three-story buildings and a central courtyard park. Each town home will have three to four bedrooms and a two-car garage.
• A 178-unit apartment complex at the northwest corner of Gillette and Main. The 2.23-acre site will feature a five-story building that wraps a parking garage. There will be studio, one-bedroom and two-bedroom apartments, as well as 19 affordable housing units. Construction is scheduled to start in 2017 with openings in 2018, Timothy Strader, who represents the site developer, said after the Aug. 4 meeting.
• A five-story extended stay hotel at the southwest corner of Barranca Parkway and Aston. The 208-room Staybridge Suites will be built on the 3.5-acre vacant site, which faces the Tustin border. The hotel could open in mid-2018, Strader said. The city estimates it would receive about $865,000 each year in transient occupancy taxes from the hotel.
• An expansion of a medical office to a building at the southwest corner of Reynolds and Red Hill avenues. The project will conver the existing 31,500-square-foot building at the MacArthur Medical Campus into a 39,204-square-foot medical office.
The effort began in 2005 to add housing at the Irvine Business Complex, a traditional suburban industrial park with only office, industrial and commercial buildings.
The city in 2010 passed a vision plan to set standards for new developments in the district in the western corner of the city bordered by the 55 freeway, Barranca Parkway, the San Diego Creek and Campus Drive.
As a result, the number of housing units ultimately allowed in the Irvine Business Complex increased from a little more than 9,000 to 15,000 units.
In my opinion, if you have a shortage of housing, the best solution is to provide more housing where previous plans showed business.
A shortage of housing can also be viewed as an overabundance of jobs in a certain area. If planners allow too much commercial and not enough residential, far too many people want houses nearby than the area can accommodate. The quickest way to restore balance is to allow less commercial and provide more residential, particularly high density residential. This accomplishes both.
Great. More traffic.
Airbnb winning in Rio, even in poorest neighborhoods
Airbnb, the “official alternative accommodation service” for the Olympic Games, has made a big investment into Rio and it’s is already paying off. A city that once lacked enough hotels and is living under Brazil’s recession has meant big opportunity for the homesharing marketplace.
“It is the first time we are bringing home-sharing officially to the Olympic Games,” said Leonardo Tristao, Brazil country manager for Airbnb. “We are ensuring that anyone who wants to come to attend the Olympics has a place to stay in Rio.”
In preparation for the Olympics, Airbnb has worked in coordination with the organizing committee to encourage people to open up their homes for visitors.
They have also worked directly with local communities to get them engaged through webinars and events to share “best practices” among themselves.
It hasn’t been that difficult of a sell. A Brazilian recession has meant many homeowners are looking for supplemental income.
“A lot of people in the community have lost their jobs and Airbnb has become — for them — their only source of income,” said Tristao.
Airbnb says more than 66,000 people have confirmed their stay at Airbnb for the Olympics.
Some people are even choosing to stay in Brazil’s poorest areas — the favelas.
“You won’t hear any complaints when rents decline in the next recession.”
Sure we will. It won’t be framed as “renters getting screwed,” but rather “mom & pop landlords getting screwed.” There’s always room for a victim narrative, from both sides of the political spectrum.
Ive seen and heard many people report that their neighborhoods are filled with foreign buyer who leave the homes empty. I think the last poster yesterday noted some 80% of homes being empty. We always talk about chinese buying homes in the USA as a safe haven for their wealth. So my question is, do these chinese investors simply buy these homes and keep them empty for years? Im sure some rent them out. However these empty million dollar homes have a hefty carrying costs every year.
If I were trying to preserve my wealth, I wouldnt be holding onto expensive real estate that has high carrying costs and not cash flowing…
I sometimes wonder if their plan is to buy and hold a one to two years and sell for appreciation.
https://www.redfin.com/CA/Yorba-Linda/20645-Mirkwood-Run-92886/home/4263982
https://www.redfin.com/CA/Yorba-Linda/3793-Quarter-Horse-Dr-92886/home/5925554
https://www.redfin.com/CA/Yorba-Linda/20105-Trentino-Ln-92886/home/12249013
I’ve read that in China they often keep the units empty to avoid wear and tear. Since most of the country doesn’t have property taxes, it costs them next to nothing to own a property and keep it empty. Since those are the habits they form back home, many probably don’t rent out their properties here for the same reason. The 1% loss on property taxes isn’t enough to motivate many of them to rent it out to avoid the losses.
The war on Christianity hits a speed bump in California. This was nothing less than an effort crush enrollment and shut down as many Christian colleges as possible.
Lara drops key parts of bill on religious colleges
After intense opposition from the state’s religious schools, the author of a controversial bill that would have exposed private religious colleges in California to anti-discrimination lawsuits has agreed to remove a key provision.
Pushed by gay rights organizations, Senate Bill 1146 would have required religious schools receiving state money – including those that enroll students with Cal Grant scholarships – to comply with California’s anti-discrimination laws or risk private lawsuits.
In order to comply with the law, schools could have had to provide housing for same-sex married couples and allow students to use bathrooms based on their gender identity, something they said was a nonstarter because it violated religious beliefs.
But on Wednesday, Sen. Ricardo Lara, D-Bell Gardens, removed the provision that would have allowed students to sue if they felt they had been discriminated against. Now the bill requires the schools to publicly disclose their exempt status from non-discrimination laws so prospective students are aware of the rules. The amended bill also requires colleges to notify the state Student Aid Commission, which oversees Cal Grants, each time a student is expelled for violating a school’s moral code of conduct.
“With SB 1146, we shed light on the appalling discriminatory practices LGBT students face at private religious universities in California,” Lara said in a statement. “These provisions represent critical first steps in the ongoing efforts to protect students from discrimination for living their truths or loving openly.”
The schools say their campuses are already places of tolerance.
“We love our students, we try to treat them incredibly fairly,” Barry Corey, the president of Biola University, a private Christian university in La Mirada, said. “Of course we work within our religious tenets, (but) we have LGBT students, we don’t deny admission, we don’t expel them for being gay.”
http://www.sacbee.com/news/politics-government/capitol-alert/article94875902.html
It’s difficult reconciling competing civil rights interests and Constitutional separation of church and state issues, isn’t it?
Given that absolutely zero cases of discrimination have been cited (the one in the story involved criminal behavior), it seems fairly punitive to shut down entire colleges doesn’t it?
Unlike Trump, I don’t have opinions on topics of which I am ill-informed. I would need to know more about this.
That didn’t stop you from making a general statement to prove a point of view.
I have many Christian friend’s and I attend church on occasion, I don’t see discrimination, I don’t know why left wing liberals continue to bash their rights. Let them be and they let you be.
No, being ill-informed on a specific CA bill does not stop me from saying, balancing competing civil rights of groups can be very difficult. I know that’s a nuanced statement partisans hate, but it’s true.
Very true. I agree, if only you had meant it that way initially It would make sense.
Thanks for the clarification.
On a different note, I’m watching Hillary’s speech, boy it sounds good, since it looks like she will be President. I hope she keeps her promises (the ones that make sense), or she is going to destroy jobs forever.
Way to hedge your bets. Obviously, you are having a hard time reconciling your feelings about Christianity with your anti-bigotry advocacy.
The persecuted Christian meme is a red herring generally pushed by evangelicals as a way to unite the faithful. Watch the 700 Club, and you’ll see plenty of stories about how badly Christians are supposedly treated worldwide.
In this particular instance, the legislators are going to far:
The LGBT community is trying to force Christians to accept them and their lifestyle. Coercing people to act against their religious beliefs is never going to work. Over time, accepting the LGBT community as they are will happen, but probably not on the timeframe they would like.
I haven’t watched the 700 Club since maybe the 90’s but there is real persecution happening in other countries. There are many Christians killed or locked up for their faith in other parts of the world. North Korea is ranked #1 in Christian persecution because you are expected to worship Kim Jong Un, and I’m sure you can imagine the level of brutality involved for not complying.
And the Republican US Presidential candidate is “waging a war” against another religion. So there’s that.
You mean ISIS? Or you mean the religion that doesn’t condone attacks on others?
Please expand, it sounds like you are speaking out of turn again to prove your point of view. As I’ve said before, I have Muslim friends and never had issues but they aren’t shy about what their religion preaches and it doesn’t end well for you or me.
BS. I doubt you have any Muslim friends and just speaking out of your ass. Why don’t you tell me what it is that their religion preaches that doesn’t end well for us?
I surely do, the best man in my wedding is from Iran and I had a muslim roommate and friends in Palo Alto when I went to school there.
I’ve said before, the people I know are not extremist but their families are very close to their own culture and preach what they preach. If you want to be an idiot and deny it but good for you. I’m not white in case you want to use the white card on me, I’m a minority that is tired of all the liberal policies of this Country.
Why don’t you read the Koran and get back to me.
I don’t doubt you. There’s no need. I can accept it as likely true because Christians provide an example here of how religious groups can have a high percentage in the group full of hatred.
I 100% doubt you. Preach what they preach, what the hell does that even mean? You don’t even provide any evidence, yet you say “go read the Quran.” Listen buddy, I have read the Old Testament, the New Testament and two translations of the Quran and I can tell you with certainty that you have no clue what you are talking about. Your Muslim friends vote Trump too right? I don’t care what race you are but the fact that you are a liar makes your posts meaningless.
True, it must be a relief to see the Orlando shooters dad being embraced by Hillary.
It is. He lost a son and a son that killed innocent souls. How is there any blame on him?
I guess you missed the part where he runs his own radio/tv show and preaches hate on America.
Facts evade you?
Sure buddy, is it on 92.3 or 100.1 FM?
Funny that polls show more than 72% of Muslims (who voted) actually voted for a Republican, Bush. I think Republicans already do a great job on getting rid of Muslims, Jews, Mexicans and Blacks. Now they need to add the rest of Asia and that should do it.
You also missed the part where his dad self proclaimed his disregard for the LGTB community which is ironic considering some of items discussed by Hillary was the Orlando shooting.
We owe Trump a degree of gratitude for exposing the high percentage of folks in the Republican base for exactly what they are.
Not just Republicans, the nation as a whole. Unless you think the BLM folks are all about equality and love.
I grew up around diversity, it was part of life, not something that bothered me. Unfortunately, I’ve seen people in my own extended family being anti this or anti that. I definitely see it more in the workplace though when things don’t go people’s way, their true hatred comes out.
The black men/police dynamic is different, I think. It’s such a horrible negative feedback loop with no simple solutions.
Yet when it came to accusing white cops in North Carolina of bigotry, it was very simple for you. No facts needed even. You didn’t realize that some of the cops were black. That is why I call you our resident anti-bigotry activist. Accuse first, get the facts later, and then claim it’s a complex issue when it doesn’t fit your pre-conceived narrative.
Well, the “stick to script and prepared remarks on the teleprompter Trump” lasted a day or two. Trump is back to being Trump. I guess there’s little to lose at this point.
http://video.cnbc.com/gallery/?video=3000542306
In the end, Trump has to be who he is, and the voters will either accept that or not. I don’t think his campaign managers do him any service trying to change him.
Yes, the Republican Party could leave Donald Trump high and dry to save itself
https://www.washingtonpost.com/news/the-fix/wp/2016/08/11/yes-the-republican-party-could-leave-donald-trump-high-and-dry-to-save-themselves/
Northwood HS is # 25 IN THE NATION!
http://www.newsweek.com/high-schools/americas-top-high-schools-2016
Woo woo.
They could have simplified their methodology by taking the Tiger Mom to student ratio and weighting for the percentage of foreign buyers in the local housing market. Looks like Cerritos and Cupertino still beat Irvine in that regard.
We certainly have plenty of those, but it beats OC Housewives – I’m thinking of Ladera Ranch/Coto.
I’d like to know the racial makeup of the schools.
Interesting to me, it seems like no HS for San Gabriel Valley made the list. Yet those folks pay an arm and a leg for property. There was an article on the LA TIMES that talks about how those kids are having a hard time getting into top colleges because there are just too many that score too high on the entrance exams.
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