“You Can Never Lose Money in Real Estate”

I used to hear that all the time, even though it was never true. (The first housing bubble in the US was in 1837.) You don’t hear that much since the implosion of 2007. However, we should be coming up on the limit of the collective memory anytime now, so I thought a refresher would be in order. And by some measures we’re already in another real estate bubble.

In a housing crisis that somehow hasn’t been blamed on President Trump, there are about 55,000 homes in Connecticut that have concrete foundations that are disintegrating. Replacement costs start at about $100,000 and go up, depending on the size of the house. Plumbing and electrical must be disconnected, The house jacked up on piers, the old foundation removed, and new basement walls poured. It is actually a fairly straight-forward process, but you expect to have to do things like this to 100-year-old structures, not homes built since 1980.

Pre-2007, people would talk to me about “the way real estate traditionally works,” and then give me a rundown on market conditions since Jimmy Carter was in office, which to my way of thinking isn’t indicative of the traditional real estate market. And real estate discussions from that era had all too much in common with the discussions I had during the dot com insanity of the mid-to-late 1990s, about how of course companies like Pets.com, which had the revenue stream of your average dry cleaner, could have a market capitalization approaching Ford. Or whatever the situation was. Because, this time, things were different. See the classic text, Extraordinary Delusions and the Madness of Crowds, by Charles Mackay. It was written in 1841. (I will dust off some of the quotes from that book in the future.)

But back to the topic at hand.

Homes on stilts in Vernon as crumbling foundation replacement gets underway.

Less than 10 minutes away, four homes are on stilts on Eliot Drive.

“Every piece of concrete that’s here is gone,” said General Contractor Don Childree.

Childree is replacing full foundations. Each home averages about eight weeks and more than $200,000. Childree has done about 80 foundations across the state.

And this is filed under “Your Tax Dollars at Work” because funds for low-interest loans have been made available, and the state is still trying to get federal dollars out of FEMA (or some part of disaster relief). And that is because insurance isn’t paying to cover shoddy construction.

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Chicago Teachers Praise Despotic Government of Venezuela

These idiots are in charge of “educating” future generations. We’re doomed. Chicago Teachers Union group’s trip to Venezuela, praise of socialist leader slammed as ‘propaganda tour’.

The four travelers, who crowdfunded the July trip under the banner of the CTU, met with Venezuelan government officials and educators, visited a commune and were featured in local media.

They wrote online about wanting to connect with Venezuelan teachers, students and unionists, criticized U.S. economic sanctions against the South American nation and wrote admiringly of its socialism, its communes and high literacy rates.

Political oppression, starvation, shooting of civilians by the government, decay of infrastructure, spread of disease… none of these things are as important as Venezuela’s championship of Socialism! Or something.

How Much Do Leftists In Education Hate the Military?

JusticeEnough to think that of course they can break federal law. Feds: NC school will reinstate Army reservist fired while on active duty.

He was in the reserves. He got activated. They “eliminated his position.”

Coffer filed a complaint with the U.S. Department of Labor, which investigated and made a point of telling former Superintendent Ray Spain that the reservist wanted his job back.

After reinstatement or the offer of an equivalent position didn’t materialize, the Labor Department referred the matter to the Justice Department, which took it to federal court.

The law in question, signed in 1994 by William Jefferson Clinton, is The Uniformed Services Employment and Reemployment Rights Act.

That 1994 statute, signed into law by former President Bill Clinton, “safeguards the rights of uniformed service members to return to their civilian employment following absences due to military service obligations and protect[s] servicemembers from discrimination on the basis of their military obligations,” Justice Department officials said in a Thursday news release.

Click thru and read some of the insane and insulting comments made to this guy by “professional educators.”

They are educators and Leftists. You don’t tell them what to do. (Is discriminating against someone because of their military status a Hate Crime?

A Cop Behaving Badly, A Coverup, And Whistleblower Suit

A cop behaving badly toward other cops. Jury awards nearly $2M to former cop who was retaliated against after reporting misconduct.

A former Chicago police officer who sued the city for retaliating against her when she reported misconduct involving a co-worker was awarded nearly $2 million by a Cook County jury this week.

So a guy was an asshole to a woman at work. They both happen to be cops. She tries to report it. Twice. Supervisors are “too busy.” Tell her to “don’t embarrass” the higher-ups. She goes to IA, and even though IA agrees with her, she gets a shit assignment.

But within two weeks, Kubiak had been reassigned to a patrol shift, despite having medical issues that would prevent her from being able to perform the job, O’Malley said.

So she got a lawyer (O’Malley) and tried to negotiate something, and then sued. The settlements she was asking for were much less than the award by the jury.

“Look at the amount of tax money that went into fighting this,” O’Malley said. “[The city] had the opportunity to avoid all of this.”

O’Malley hopes the jury’s verdict and award will encourage the city to take protecting officers who report misconduct more seriously.

Not holding my breath over here. The book about the late Mayor Daley of Chicago, was titled, Don’t Make No Waves… Don’t Back No Losers. The machine in Chicago doesn’t like bad PR.

People Don’t Trust the Story Regarding Epstein

Not that everyone believes one version of events, just that no one is buying the official line. Via Moonbattery – Epstein and Public Trust.

Maybe the best thing about the demise of Jeffrey Epstein is that the story is too lurid to escape widespread attention and too fishy not to erode public gullibility regarding the trustworthiness of Big Government and Big Media.

A video from Black Pidgeon Speaks at the link.

Things Left To Themselves, Tend To Go From Bad To Worse

So the NYPD ignored their officers being doused with water. Chunk of concrete, bottles thrown at NYPD cops in separate incidents.

Did they really think it would stop on its own?

Cops are looking for a man who threw a chunk of concrete at officers during a concert in Central Park — and arrested another man earlier for hurling bottles at police, The Post has learned.

If you given them an inch, they will take a mile. (I’m not sure who said that.)

Welcome to the Panopticon

When was this debated? Never. Pentagon testing mass surveillance balloons across the US.

The US military is conducting wide-area surveillance tests across six midwest states using experimental high-altitude balloons, documents filed with the Federal Communications Commission (FCC) reveal.

Because spying on US Citizens is of course OK. Who would object?

Up to 25 unmanned solar-powered balloons are being launched from rural South Dakota and drifting 250 miles through an area spanning portions of Minnesota, Iowa, Wisconsin and Missouri, before concluding in central Illinois.

Travelling in the stratosphere at altitudes of up to 65,000ft, the balloons are intended to “provide a persistent surveillance system to locate and deter narcotic trafficking and homeland security threats”, according to a filing made on behalf of the Sierra Nevada Corporation, an aerospace and defence company.

Privacy is such a 19th Century concept.