As we enter the final quarter of 2016, not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory decline. There is little to indicate that the low inventory situation will resolve anytime soon.
New Listings were down 22.4 percent for single family homes and 15.8 percent for Condo/TIC/Coop properties. Pending Sales decreased 15.4 percent for single family homes and 14.1 percent for Condo/TIC/Coop properties.
The Median Sales Price was up 11.0 percent to $1,407,500 for single family homes and 4.5 percent to $1,150,000 for Condo/TIC/Coop properties. Months Supply of Inventory increased 9.1 percent for single family units and 14.8 percent for Condo/TIC/Coop units.
Builder confidence is as high as it has been in more than a decade, yet the pace of economic growth has been slow enough to cause pause. A low number of first-time buyer purchases and a looming demographic shift also seem to be curbing the desire to start new single-family construction projects. As older Americans retire and downsize, single-family listings are expected to rise. The waiting is the hardest part.
For full report, click here: sfar_marketfocus_2016-oct
The BUFFETT Rule
Let’s see if these idiots understand what people pressure is all about.
Salary of retired US Presidents .. . . . .. . . . . $180,000 FOR LIFE.
Salary of House/Senate members .. . . . .. . .$174,000 FOR LIFE. This is stupid
Salary of Speaker of the House .. . . . .. . . . . $223,500 FOR LIFE. This is really stupid
Salary of Majority / Minority Leaders . . .. . .$193,400 FOR LIFE. Stupid
Average Salary of a teacher . . .. . . . .. . . . . ..$40,065
Average Salary of a deployed Soldier . . .. . . $38,000
Here’s where the cuts should be made!
Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:
“I could end the deficit in five minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election”.
The 26th Amendment ( granting the right to vote for 18 year-olds ) took only three months and eight days to be ratified! Why? Simple! The people demanded it. That was in 1971 – before computers, e-mail, cell phones, etc.
Of the 27 amendments to the Constitution, seven (7) took one (1) year or less to become the law of the land – all because of public pressure.
Warren Buffett is asking each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.
In three days, most people in The United States of America will have the message. This is one idea that really should be passed around.
Congressional Reform Act of 2017
- No Tenure / No Pension. A Congressman / woman collects a salary while in office and receives no pay when they’re out of office.
- Congress (past, present, & future) participates in Social Security.
All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.
- Congress can purchase their own retirement plan, just as all Americans do.
- Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
- Congress loses their current health care system and participates in the same health care system as the American people.
- Congress must equally abide by all laws they impose on the American people.
- All contracts with past and present Congressmen/women are void effective 3/1/17. The American people did not make this contract with Congressmen/women.
Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and go back to work.
If each person contacts a minimum of twenty people, then it will only take three days for most people in the U.S. to receive the message. It’s time!
THIS IS HOW YOU FIX CONGRESS!
Sign if you agree: It’s time we abolish the Electoral College and elect Presidents by national popular vote.
On November 8, the American people spoke clearly, and chose Hillary Clinton for President.
As of this writing, Clinton leads the popular vote by roughly 20,000 votes, with 92% counted. Further, her lead will likely to grow, with most of the remaining votes coming from blue states California, Oregon and Washington.
However, because Clinton’s support was geographically concentrated, Donald Trump will win the Electoral College and become President of the United States.
This comes only sixteen years after Al Gore won the popular vote but did not become President of the United States, in a similar affront to democracy.
It is long past time that we stopped using the Electoral College to choose our Presidents, and started using the national popular vote instead. Every vote should count equally. Every state should be a swing state.
There is a realistic path to making an end-run around the Electoral College in time for the 2020 election. This is because we don’t need a constitutional amendment to stop using the Electoral College. We only need the National Popular Vote Interstate Compact:
The National Popular Vote Interstate Compact (NPVIC) is an agreement among several U.S. states and the District of Columbia to award all their respective electoral votes to whichever presidential candidate wins the overall popular vote in the 50 states and the District of Columbia. The compact is designed to ensure that the candidate who wins the most popular votes is elected president, and it will come into effect only when it will guarantee that outcome.As of 2016, it has been joined by ten states and the District of Columbia; their 165 combined electoral votes amount to 30.7% of the total Electoral College vote, and 61.1% of the 270 votes needed for it to have legal force.
If states and territories totaling at least 270 electoral votes pass laws joining the National Popular Vote Compact, then the next presidential election will be determined by the winner of the national popular vote. We are already up to 165.
If we can make eliminating the Electoral College a national issue broadly adopted by elected Democrats, and if Democrats can do well at the state level in the 2018 midterm elections–which is realistic in the event of an unpopular President Trump–then in 2019 we can pass laws that would make the 2020 presidential election determined by the popular vote.
(Since you might be wondering, according to the compact, states do not change the way they determine their electoral votes until enough states join that the 270 electoral vote threshold is reached. So, for example, California will only start awarding its electoral votes to the national popular vote winner instead of the state popular vote winner once states equalling 270 electoral votes have decided to do the same.)
So this is something we can actually pull off. It starts by telling all elected Democrats that you have had enough of the Electoral College, and that whenever possible they must pass laws to have their states join the National Popular Vote Interstate Compact.
Executive Campaign Director, Daily Kos
Millennials Show Us What ‘Old’ Looks Like
Please click on the link before to read the SF Gate article by Mark Morford, November 4th, 2016.