about being liberal or conservative anymore y'all. That is a hype offered by the fascist whores who want to confuse the people with lies while they turn this country into an aristocratic police state. Some people will say anything to attain power and money. There is no such thing as the Liberal Media, but the Corporate media is very real.
The new album "Voids" from Minus the Bear. Just found out right now, and am currently listening to
the first song on the album, "Last Kiss". A little too popified but still quality.
Wednesday, 8 March 2017 at 19h 4m 56s
The coming Commercial Real Estate implosion
This is a 34 minute video discussion between two older financial gurus, one from Hawaii, the other
from the Northeast. Gordon T. Long and Charles Hugh Smith.
The two grey-haired men give solid reasons why they state that only "400 out of 1300" malls in the
United States will
remain open in the next 5 years. When you go to your local mall, there are a large number of empty
Most small shopping centers also have empty store fronts. This stresses the underlying financing
of these real estate investments, because of reduced revenue, which reduces the collateral value of
the property. When the financing of the property occurs again ("rolls-over") every 5 to 10 years,
if the necessary collateral of the property is depreciated, something has to give, but what happens
depends on the financial players involved as well as the specific property. A bank could decide to
take the property.
In Pittsburgh, Pennsylvania, an entire mall was sold for $100. In the 34 minute video above, Mr. Long
that he thinks this is because Wells Fargo didn't want to write down the assets.
Here's a local CBS news story on the event. In this news piece, the stated
reason by the Wells Fargo lawyer who went to the auction and bought the property was to make sure
another competitor didn't purchase the property on the cheap. That makes sense to me. I report you
However, I imagine if someone like me went to that auction and bid up the sale price to $100,000,
Wells Fargo would have bid $200,000. So my question is why were there so few people at this
auction? Wouldn't those "competitors" have bid at least another $500 at the auction? The stated
reason by the Wells Fargo lawyer just doesn't hold up to common sense, unless there is collusion.
Tuesday, 7 March 2017 at 20h 4m 24s
Rethuglicans Laughing at the Lower classes
This is truly how they feel. Feeling impregnable and laughing literally all the way to the bank.
Our hired putzes' pretend before a national audience.