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Last Year, They Just Didn’t Care; They Just Wanted To Get In

A report from NBC Bay Area in California. “If there’s ideal timing when buying a home in the expensive Bay Area, it’s now. It’s the best week of the year to buy, according to Realtor.com. In the Bay Area, there are nearly 30 percent more homes on the market this week than the average week, giving buyers a lot more to choose from.”

“‘What’s happening is it’s turning into a normal market said Realtor Craig Gorman. ‘Last year, everybody brought stock options, so that’s why the prices got so high. This year, people aren’t bringing stock options, so it’s not that the prices are falling or that the prices are getting soft; it’s just people are paying what the house is worth. Last year, they just didn’t care; they just wanted to get in.'”

“The Schatz family just sold their San Jose home this month and were able to buy a bigger house in Elk Grove with a pool. They sold for less than they would have made a year or two ago. But they’re happy to move on. ‘There was a big selection, as to what we both wanted as far as our (his and hers) want list. Maybe a year ago, it would have maybe been a different story on how much more we would have gotten,’ Frances Schatz said. ‘But you can’t predict the future.'”

The Denver Post in Colorado. “Below average isn’t something most people aspire to, but that is what homeowners in metro Denver likely face after years of robust home price appreciation, according to Zillow. In California’s San Francisco and San Jose markets, home prices are down 1.9% and 10.8% respectively over the past year, according to Zillow’s counts.”

“And they are dropping on a quarter-over-quarter annualized basis in Las Vegas, Chicago, Portland, Seattle, Sacramento, Boston, Baltimore, New York, Los Angeles, Washington, D.C., and San Diego. Tony Carnesi, CEO of Keller Williams Realty DTC, said the prime summer selling season wasn’t as robust as expected this year in metro Denver, which he attributed to a colder than usual May and June. ‘We had such a weird summer,’ he said. ‘We usually see a summer spike. We never saw that.'”

“Part of the struggle the local market faces is that sellers continue to hold unrealistic expectations of what they can get for their homes. That stubbornness has caused some listings that went on the market in March to still be sitting there. To back up his point, he provides some statistics from the past week. In the past seven days in the six-county core metro area, there have been 1,847 new listings, but also 2,091 price decreases on existing listings.”

“‘A lot of sellers have been overpricing their properties, and they are taking longer to sell,’ he said.”

From Mansion Global on New York. “Affluent buyers in Manhattan signed 11 contracts for homes priced at $4 million or more in the week ending Sunday, continuing three months of sluggish luxury sales, according to a roundup of deals from Olshan Realty. Last week, was ‘a dismal total by any measure,’ wrote Donna Olshan, president of Olshan Realty and author of the report. It also marked the 12th straight week that the number of high-end deals in Manhattan was below 20—a threshold Ms. Olshan uses to denote a strong market.”

“Those homes that did find buyers are getting bigger price cuts than a year ago, as sellers try to compensate for the added closing costs. Luxury homes that went into contract since July 1 got an 11% discount compared to 8% in the same period last year, according to Olshan. The total dollar volume of high-end deals has also plummeted since the tax went into effect. Luxury contracts over the last three months totaled $1.33 billion, nearly one-third less than the same period last year, when deals totaled $1.92 billion.”

“The second-biggest deal of last week was a Chelsea townhouse asking $13.5 million, marking a massive discount from the $24.5 million the seller was asking when the home first hit the market in August 2016, according to the report.”

From Bossip on New Jersey. “Rapper Jim Jones and his long term love Chrissy Lampkin have had their New Jersey mansion foreclosed on and sold at auction, BOSSIP has learned. The U.S. National Bank Association sued the reality star couple back in 2017 for allegedly failing to pay their mortgage since 2010. According to the complaint, Jones bought the house in 2006, and took out a $680,000 mortgage with a 6.875 percent interest rate. He agreed to make monthly payments of $4,467.”

“However, the bank said Jones stopped paying it almost ten years ago, and under the terms of his mortgage, if he went into default the entire amount would be due. Last year, the bank said it reached an agreement with Jones and Lampkin to pay the debt and get the home out of foreclosure. However, the deal must’ve fallen through because eight months later, the bank asked the court to issue a final judgment against the couple.”

“In total, the bank says that Jones and Lampkin owe $1,240,017, which includes interest, real estate taxes, advances and homeowners insurance, according to court papers obtained by BOSSIP. The five-bedroom, three-bathroom home is now valued at $742,000, according to Zillow.”

From Redfin. “Just six of the 85 largest metro areas Redfin tracks saw a year-over-year decline in their median sale price, the biggest of which was in San Jose, California, where home prices fell 11.6 percent from a year earlier. Measures of competition still indicate that the housing market was slightly cooler in August than it was a year earlier. The speed at which homes went off the market slowed slightly, to 41 days, up from 39 in August 2018. This is a continuation of the trend over the past eight months, when the speed of sales has slowed by an average of two days compared to last year.”

“The share of homes sold above list price fell to 23.2 percent in August, down from 25 percent a year earlier, following the same trend that we have seen for over a year. Also, 28 percent of homes listed for sale had a price drop in August, up from 27.4 percent in August 2018. This is the second-highest rate of price drops on record, only surpassed by the 29.6 percent rate last October.”

San Jose, CA had the highest increase in the number of homes for sale, up 12.5% year over year, followed by Oxnard, CA (11.5%). Philadelphia saw the largest decline in sales since last year, falling 10.0%. Home sales in San Francisco and Salt Lake City declined by 9.8% and 9.2%, respectively. The median list price-to-Redfin Estimate ratio was 102.1% in Miami and 101.9% in West Palm Beach, FL, which means sellers are listing their homes for more than the estimated value in those metro areas. In Miami, 82.8% of homes were listed above their Redfin Estimate, the highest percentage of any metro.”

This Post Has 87 Comments
  1. ‘it’s not that the prices are falling or that the prices are getting soft; it’s just people are paying what the house is worth’

    One of these things is not like the other.

    “The Schatz family…sold for less than they would have made a year or two ago’

    ‘There was a big selection’

    Wa? But shortage – big selection?

    1. The Schatz family just sold their San Jose home this month and were able to buy a bigger house in Elk Grove with a pool.

      There has to be an interesting story there. Two very different places, far apart. This means one of two things, either he found a way to work from home/changed jobs, OR he just signed up for the commute from hell. I made a similar transition a couple of years ago but I did it by changing jobs.

      But yeah, he probably bought a castle in Elk Grove with his San Jose shack money.

      1. It wasn’t shack money. It was money some other poor bashtard borrowed with interest for 30 years. This is something that is almost always totally glossed over. And it’s probably why some of you guys are wiping you a$$e$ with leaves.

  2. ‘In California’s San Francisco and San Jose markets, home prices are down 1.9% and 10.8% respectively over the past year…And they are dropping on a quarter-over-quarter annualized basis in Las Vegas, Chicago, Portland, Seattle, Sacramento, Boston, Baltimore, New York, Los Angeles, Washington, D.C., and San Diego’

    That’s a lot of sawin’ and a slashin’!

    ‘Part of the struggle the local market faces is that sellers continue to hold unrealistic expectations of what they can get for their homes. That stubbornness has caused some listings that went on the market in March to still be sitting there. To back up his point, he provides some statistics from the past week. In the past seven days in the six-county core metro area, there have been 1,847 new listings, but also 2,091 price decreases on existing listings’

    ‘A lot of sellers have been overpricing their properties, and they are taking longer to sell’

    But Tony, Denver is to the moon Alice! How can you overprice when Alice is standing on the moon?

        1. WSJ: WeWork’s Adam Neumann Steps Down as CEO
          The company’s founder will remain nonexecutive chairman but cede majority control

          It’s behind a paywall so I can’t/won’t link.

          1. Employees today: 😱?

            Oh yeah…they probably all had a bit of stock that they were planning to sell for 5 figures (6 for the managers) at/after the IPO. A lot of dreams circling the bowl.

    1. ‘And they are dropping on a quarter-over-quarter annualized basis in … San Diego.’

      Good grief! Someone please alert the San Diego Union Tribune editors post haste so they can sound the clarion call to warn prospective home buyers about the risk of financial losses if they buy now.

      1. It also would be nice to have a newspaper article documenting falling San Diego home prices to show the next idiot who tells me that now is a good time to buy.

  3. “If there’s ideal timing when buying a home in the expensive Bay Area, it’s now. It’s the best week of the year to buy, according to Realtor.com.

    “You’d be nuts to buy right now on the cusp of a bursting housing bubble,” said no realtor anywhere, ever.

  4. “However, the bank said Jones stopped paying it almost ten years ago, and under the terms of his mortgage, if he went into default the entire amount would be due.

    More of that rayciss predatory lending. Jim Jones is a victim, pure and simple. He was putty in Mr. Banker’s evil pasty hands.

    1. 10 years of living mortgage free in a nice house. And still there!!!!

      Winner!

      I bet the property taxes were paid!

      ““However, the bank said Jones stopped paying it almost ten years ago, and under the terms of his mortgage, if he went into default the entire amount would be due. Last year, the bank said it reached an agreement with Jones and Lampkin to pay the debt and get the home out of foreclosure. However, the deal must’ve fallen through because eight months later, the bank asked the court to issue a final judgment against the couple.”

      “In total, the bank says that Jones and Lampkin owe $1,240,017, which includes interest, real estate taxes, advances and homeowners insurance, according to court papers obtained by BOSSIP. The five-bedroom, three-bathroom home is now valued at $742,000, according to Zillow.”

  5. ‘The Russian River in Northern California has a poop problem, and county officials say drunken beachgoers aren’t helping any, The Press Democrat reports.’

    “There’s no excuse for this,” said Johannes Hoevertsz, public works director, according to the publication. “The sign we have says, ‘no public pooping.’ We really need to drive the message that if you’re going to come to Sonoma County and be a guest, you can’t do this.”

    ‘Officials say drunk partiers who won’t walk from Steelhead Beach on the river to a nearby restroom are the worst problem, The Press Democrat reported. But rafters and clean river advocates say homeless camps on the river produce more waste.’

    ‘Elsewhere in California, problems with human waste on San Francisco streets and sidewalks, mostly attributed to homeless people, got so bad the city instituted a “poop patrol” cleanup effort in August 2018, McClatchy news group previously reported.’

    “I will say there is more feces on the sidewalks than I’ve ever seen growing up here,” said Mayor London Breed in July 2018. “That is a huge problem and we are not just talking about from dogs – we’re talking about from humans.”

    ‘Hoevertsz says problems with poop along the Russian River peak after holiday weekends at popular picnic and camping spots, suggesting it’s more than just homeless people using the river as a toilet, The Press Democrat reported.’

    ‘Poop problems along the river are not new. In 2014, the Russian River Watershed Association released a pamphlet warning pet owners to pick up after their animals to prevent water pollution. Along with more signs warning against public pooping, Hoevertsz says officials may consider expanding alcohol bans along the river, The Press Democrat reported.’

    https://www.dailyrepublic.com/all-dr-news/wires/no-public-pooping-lazy-partiers-add-to-rivers-nastiness-california-officials-say/

    1. ‘Officials say drunk partiers who won’t walk from Steelhead Beach on the river to a nearby restroom are the worst problem…Hoevertsz says problems with poop along the Russian River peak after holiday weekends at popular picnic and camping spots, suggesting it’s more than just homeless people using the river as a toilet’

      Man these Californians are a klassy bunch! Maybe a little neanderthal, but klassy! I wonder if they wipe with leaves?

    2. There is a real and permanent solution to the poop problem.

      And this ain’t it.

      “got so bad the city instituted a “poop patrol” cleanup effort”

    3. “homeless camps on the river produce more waste”

      and it all comes down to the beach where i would play as a kid, i am very selective to which beaches we go to now and still find needles from time to time. Klassy no doubt! hey, at least its really expensive to live by the coast…

      1. It’s very disconcerting to come across needles in public. There are a few parks that worry me. I never let my son play at a park now barefoot, although I usually did that in the sand/wood chips when I was a kid.

  6. The Oligopoly media informs us that anyone who uses the term “globalist” is anti-Semitic. Funny how globalists try to shut down any and all criticism of their rapacious neoliberal economic policies by accusing their critics of Thought Crimes, rather than addressing the reality that globalist policies benefit only a corrupt and venal .1% in the financial sector at the expense of everyone else.

    https://www.independent.co.uk/news/world/americas/us-politics/trump-unga-un-speech-globalists-patriots-antisemitic-a9118581.html

    1. Why not just understand that the word “globalism” is a counterfeit new age swap for the word communism.

      Call it what it is my good friends. Call it what it is.

      1. DJT is an anti-Semite

        This is the most ridiculous accusation hurled at him. His daughter converted to Judaism and he has 3 grandchildren that are Jewish. Not to mention, he grew up in NYC.

          1. Old as time.

            Sadly, our nation has too many dumbed-down propagandized people who don’t see it for what it is.

        1. From the UK Independent article:

          Twitter users described the speech as a “Nazi foghorn” and “far-right nationalist antisemitism’s greatest hits”.

          Not hard to see where this is heading. First, anonymous Twitter users – who couldn’t possibly be paid trolls or bots – try to make any discussion of globalism verboten by hurling unsubstantiated accusations of anti-semitism or racism to stifle legitimate debate. Then the Oligopoly media parrots the Twitter campaign, er, outraged citizens, to smear anyone who opposes globalism as a racist, anti-Semite, or white supremacist.

          Then, to counter this alleged “growing threat,” the Deep State’s Dobermans spring into action against “extremists” – with “civil rights groups” like the SPLC shakedown syndicate determining who meets the ever-expanding criteria for “extreme”: i.e. anyone who opposes globalism. That isn’t to say there isn’t a legitimate threat from the right, as recent events have shown. But just as 9/11 was used as a pretext to pass the catastrophically misnamed “Patriot Act,” which ran roughshod over the Constitution and Bill of Rights, the Left and its Deep State allies will have no qualms about labeling dissenters from The Narrative as enemies of the State.

          https://www.vice.com/en_us/article/j5yjkb/dhs-just-finally-recognized-white-nationalism-as-a-major-terror-threat

        2. If you oppose globalism and its plundering of the 99%, that makes you, ipso facto, a rayciss, cross-burning anti-Semite who should probably on some sort of watchlist. The Gospel according to the Left.

          1. That might be true for Boomers through Millennials, who tend to let their media border collies do their thinking for them. But among Generation Z, there are some disturbing (to the globalists) indications of independent thought and rejection of The Narrative. I suspect that when Generation Z realizes how badly they’ve been deep-dicked by the globalists and older generations, they are going to view the MSM with the utter contempt and distrust it deserves.

      2. I also think it’s important to realize that the Communist see Globalism as a way to advance their long term goals.

        This control on speech is so Communist . I’m pretty shocked to the degree that Communist ideas are being advanced in the USA today.

      3. Yeah, DJT is an anti-Semite, and “the squad” isn’t. LMAO.</em?

        The Squad gets a pass, for "reasons".

    1. If you think bitcoin is wonky, there are investors out there putting real money into Decentraland, world-building game. I watched an interview with a guy gushing about it. Basically, they buy virtual plots of land and build attractions on it and charge people virtual money to visit the attraction. They figure that since the size of the world is limited, their plots of land will become more valuable as the place builds out.

      IMO these folks are certifiable. Who’s stupid enough to bid up the price of “land” in a game when it’s just as easy to start a new game? Evidently someone is:

      https://www.marketwatch.com/story/people-are-making-more-than-500-buying-property-that-doesnt-actually-exist-2018-09-04

      1. Probably just a surreptitious way to move dirty money around – gotta wash them drug dealing/human smuggling profits somehow. Was reading they use the art market and specifically lithographs to do this as well.

        Here in my corner of Hawaii places that have sat for over a year are now under contract so these recent rate cuts must have gotten some people moving. Market is very thin under 1M which is unusual because typically when things are selling at a premium families that have a bit of land will sell a piece to sustain them for the next decade or more; the job market and wages are way too weak to keep up with inflation so if you dont have land you cant stay here for long.

        Rents appear to still be high but at least there is some inventory to choose from which is not always the case.

        1. Bitcoins new slogan “gotta wash them drug dealing/human smuggling profits somehow”

          Thanks for the Hawaii update. I am guessing your on Oahu? I was in Maui a few months back and noticed many properties sitting with price reductions. Mabye that has changed along with the interest rate drops?

          1. No, outer island. I follow areas of all of the outer islands save for Molokai and Lanai. Each comes with its own unique dynamics. In the area I follow on Maui, transactions have picked up a bit again but you are not wrong, there was some noticeable weakness there for about a year. Its like a spring – an action is applied to one end (mainland) and a few months or even years later we feel it.

            Oahu is a different kind of madness and I have no interest there.

  7. Here it comes…Bernie Sanders proposes 8% tax on “extreme wealth.” Of course the collectivists are all about setting precedents that get the camel’s nose in the tent, so they can then expand their definitions of “extreme wealth” requiring coerced redistribution.

    But first, they gotta disarm those bitter clingers. But they’re only gonna grab the AR15s and AKs, so the rest of you have nothing to worry about, honest injun….

    https://www.marketwatch.com/story/bernie-sanders-proposes-8-tax-on-extreme-wealth-to-help-middle-class-curb-power-of-the-rich-2019-09-24?mod=mw_latestnews

    1. Bernie has never worked a day in his life, yet he is wealthy.

      I was considering throwing away all the cedar shaft arrows I made in my younger years. Maybe I should hang onto them.

    2. But they’re only gonna grab the AR15s and AKs, so the rest of you have nothing to worry about, honest injun….

      I like wood stock M1As and old school lever action if all else fails for flying under the radar. A guy with a belt of ammo and a revolver and lever action that shoot the same ammo and know how to use them is still a threat anywhere. And it doesn’t hurt to look like John Wayne instead of Bin Laden coming through a door.

      1. Trust me: once the gun grabbers confiscate all the ARs and AKs, they’ll be coming for your M1 and old school lever action next.

        It’s for the children.

        Besides, Citizen, your fondness for firearms will soon be classified as a mental health issue requiring the unfortunate termination of your 2nd Amendment rights.

    3. Of course Elizabeth Warren , who has 12 million in net worth, is going to tax the 50 million or more crowd. The fact that Warren seems to be proposing all that would benefit the teaching career she was part of, and no doubt getting a pension from, I find her to be self serving.

      When I found out years ago that she was scooping up a lot of foreclosures, while she was acting like a champion for the people against the banks, I got turned off.

      Let face it, politicans are the worse .

  8. ‘There is a new risk on the horizon for homebuilders. The qualified mortgage patch, which currently exempts Fannie and Freddie from Dodd-Frank’s 43% debt-to-income ratio cap, will expire. According to John Burns Real Estate Consulting, the change could impact as much as 14% of the mortgage market and could remove some would-be homebuyers from the market altogether. It could also put homebuilders at risk.’

    https://www.globest.com/2019/09/24/how-developers-can-reduce-mortgage-policy-risk/?slreturn=20190824125910

    1. That sounds like something that will get quick emergency attention from Congress to reinstate and make permanent.

  9. The stock market is poised to take off at any minute. Never mind that it is cratering for them moment!

    Here are 3.4 trillion reasons the stock market could be poised for a big rally
    Published: Sept 24, 2019 1:15 p.m. ET
    Cash. Lots and lots of cash.
    By Shawn Langlois
    Social-media editor

    Last week, Lim Chow Kiat, who runs some $440 billion for Singapore’s sovereign wealth fund, laid out his case for keeping powder dry. Before that, Chicago billionaire Sam Zell said his firm has never been this cash-heavy. Meanwhile, hedge-fund titan Paul Singer has been busy raising a big chunk of change.

    So, yes, market heavyweights are taking a risk-off stance by wading deeper into the relative safety of cash. They’re not alone either, according to Avalon Investment’s Bill Stone, who talked with CNBC about all the cash on the sidelines.

    “We’re at about $3.4 trillion in money market assets,” he explained. “Put in that perspective, we got up to $3.9 trillion during the worst of the financial crisis, then it fell to about $2.6 trillion, so obviously it’s been moving up.”

  10. “In total, the bank says that Jones and Lampkin owe $1,240,017, which includes interest, real estate taxes, advances and homeowners insurance, according to court papers obtained by BOSSIP.”

    Still cheaper than renting

  11. ‘Banks on Tuesday flooded the Federal Reserve Bank of New York with more than twice as much demand for new two-week loans than the central bank was offering, a sign that banks could need more cash than Fed officials had anticipated.’

    ‘In its latest effort to calm short-term lending markets, the Fed offered $30 billion of two-week cash loans and received $62 billion in demand from banks offering collateral in the form of Treasury and mortgage securities. In a second offering, the Fed received $80.2 billion of demand for $75 billion of shorter-term overnight loans.’

    ‘Tuesday’s operations marked the sixth and seventh times the Fed has intervened in the short-term lending market known as the repurchase, or repo, market after lending rates spiked as high as 10% early last week.’

    ‘The actions came at an important time for banks because regulators regularly check at the end of the fiscal quarter to make sure they have enough cash and liquid assets to protect against potential losses.’

    ‘Trying to carry banks into the next quarter, the Fed on Tuesday offered multiday loans for the first time after previously offering just overnight loans. Demand from banks suggested officials may need to increase the amount of loans when conducting further operations later this week, analysts said.’

    ‘The demand for loans on Tuesday suggests that the Fed hasn’t yet met all the needs for cash as quarter-end approaches, said Gennadiy Goldberg, a fixed-income strategist at TD Securities. “I don’t think everything is well and settled,” he said.’

    https://www.wsj.com/articles/fed-adds-to-financial-system-in-two-transactions-this-month-11569329248

    1. lending rates spiked as high as 10%

      Not well and settled indeed. It seems an odd coincidence to me that this happened right when oil didn’t go to $100 like some expected.

      1. very nice for the ones collecting it…. makes you wonder if the ones collecting property taxes would be impacted if home prices did in fact CR8R. Between state, fed, realtors, REIC, and our president whom happens to be a real estate mogul himself, it WILL be quite devastating for these groups when prices DO go down substantially. its all a big game of greed, corruption, and keeping the rich, rich.

  12. Has wind generation really gotten so much cheaper in the last few years?

    The whole wind farm program was calculated on the plant lasting 20 to 25 years. With a 20 year ROI, seems like a silly investment, considering all the environmental damage. Of course, there’s the massive subsidy grab.

    Britain’s wind farms are wearing out far more rapidly than previously thought, making them more expensive as a result”

    “they will continue to generate electricity effectively for just 12 to 15 years.”

    “the “load factor” — the efficiency rating of a turbine based on the percentage of electricity it actually produces compared with its theoretical maximum — is reduced from 24 per cent in the first 12 months of operation to just 11 per cent after 15 years.”

    Oh dear!

    1. calculated on the plant lasting 20 to 25 years

      Sorta like OAM’s calculation on his “Built Tent Tough” “Made in California for Californians” Model 3. 🙄

      1. They must be doing something right because Tesla is leapfrogging legacy automakers in reliability rankings:

        “Britain-based motoring publication What Car?‘s recent Reliability Survey included a rather surprising addition this year. Amidst the magazine’s Top 10 list of most reliable carmakers in the UK lies Tesla at No.4, beating veterans known for their reliability such Japanese automaker Honda in the process.”

        https://www.teslarati.com/tesla-4th-most-reliable-brand-uk-whatcar-2019-results/

    1. Hey that is really useful, thanks!

      Interesting question: what if this time it’s not the mortgage-backed securities that no one wants to take as collateral, but actual US government bonds (which have been extremely overpriced)?

      Answer: I think we’d all be pretty screwed.

    1. “Hey Bro… I owe you 5k!!!” Bailey wrote to Paitsel in an email included in the arrest warrant. “I found [the tenant]… He assigned his rights over to me. I’m going to flip the contract to another investor who has already escrowed the money to purchase the property.”

      “Pride goeth before destruction, and an haughty spirit before a fall.” —Proverbs 16:18

  13. In the late 90s early 2000s, these asbestos-laden tiny rotboxes in this area sold for $35k-$50k. In fact, I have a friend who bought one for less than $50,000. Fast forward to 2004 and this 518 square foot shoebox sold for $150,000, which is pretty outrageous given its size and location in an area of no jobs. Now it’s on the market for $295,000 after initially listing at $345,000 – even pending for a time – only to go “back on market.” It’s not on the water, by the way, you have to walk there but they like to show it as if it is.

    https://www.zillow.com/homedetails/9294-NE-Park-Ave-Indianola-WA-98342/23435820_zpid/

  14. The new line that all the left is chanting is “History will judge what’s going on today.”

    I don’t want history to judge it, I want their bizarre actions to be judged today.
    If we wait for history it will be to late.

    I never realized how nuts these people were until DJT got in office. I’m judging that today and I’m not waiting for history..

    I’m just wondering if other Countries are noticing how nuts our Politicians are. That can’t be good. Do we have something in the water?

    What’s with all these old politicans with their dentures falling out. I think we need a new law that if you have dentures you can’t hold a high office.

    1. “What’s with all these old politicans with their dentures falling out. I think we need a new law that if you have dentures you can’t hold a high office.”

      How about all the taxpayer paid make-up? The halls of Congress probably have more make-up rooms than a Hollywood studio.

    2. “History will judge what’s going on today.”

      No doubt about that. I don’t think the final judgment will go the way think think it will go, though.

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