Housing Market Stagnates

Santa Monica Bans AirBNB, all major cities follow suit.
Results?

Restaurants going out of business, families cannot afford to spend 1400 per night for a family of 4 vacation so they stay home and don’t spend money.
Local restaurants and business can no longer provide local kids jobs, then shortly go out of business due to no tourism.

Compare 2011-2014 restaurant sales during a down economy yet the tourism industry was booming. Now in an up economy due to local government restrictions on affordable vacation rentals, business are suffering.

Welcome to stupid at the local government level.

Housing-market headwinds are keeping American homeowners in their properties for the longest stretches on record, in a sharp distortion of the mobility Americans have for decades prized.

Across the country, homes that sold in the third quarter of this year had been owned an average of 8.23 years, according to an analysis from Attom Data Solutions. That’s almost double the length of time a home sold in 2000, when Attom’s data begin, had been owned.

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Southern California suffers its worst housing slump in over a decade

Santa Monica Bans AirBNB, all major cities follow suit.
Results?

Restaurants going out of business, families cannot afford to spend 1400 per night for a family of 4 vacation so they stay home and don’t spend money.
Local restaurants and business can no longer provide local kids jobs, then shortly go out of business due to no tourism.

Compare 2011-2014 restaurant sales during a down economy yet the tourism industry was booming. Now in an up economy due to local government restrictions on affordable vacation rentals, business are suffering.

Welcome to stupid at the local government level.

The number of new and existing houses and condominiums sold during the month plummeted nearly 18 percent compared with September 2017, according to CoreLogic.
That was the slowest September pace since 2007, when the national housing and mortgage crisis was hitting.
The median price of Southern California homes sold in September, $505,000, was still 3.6 percent higher than it was a year ago. That was the lowest annual gain for any month in more than three years.

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Home price growth cools for fifth straight month

Santa Monica Bans AirBNB, all major cities follow suit.
Results?

Restaurants going out of business, families cannot afford to spend 1400 per night for a family of 4 vacation so they stay home and don’t spend money.
Local restaurants and business can no longer provide local kids jobs, then shortly go out of business due to no tourism.

Compare 2011-2014 restaurant sales during a down economy yet the tourism industry was booming. Now in an up economy due to local government restrictions on affordable vacation rentals, business are suffering.

Welcome to stupid at the local government level.

Home prices in the U.S. rose at a slower pace for the fifth consecutive month, yet another sign that the housing market is cooling down.

Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index reported a 5.8% annual gain in August, down from 6% in the previous month. It is the first time in a year that annual gains fell below 6%. The 20-City Composite posted a 5.5% year-over-year increase, down from 5.9% in July — substantially lower than analysts’ expectation of 5.8%.

“Following reports that home sales are flat to down, price gains are beginning to moderate,” said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, in a press statement. “Other housing data tell a similar story: prices and sales of new single family homes are weakening, housing starts are mixed and residential fixed investment is down in the last three quarters.”

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The stock market lost nearly $2 trillion in October. Here’s what happened

PTV made plans to close down NY gateway due to no funds to keep it open.

Stock Market began to crash… 2 trillion, everyone lost money.

Here’s what happened at end of Oct beginning of Nov.

Partners started kicking in support to keep NY gateway established.

Simple… How many times does this need to be proven?

Go through 20 years of videos and watch this exact pattern over and over and over again.

‘It’s disturbing’: Fox News anchor slams Trump’s anti-media rhetoric

“When he points at the press in the back of the room and calls them the enemy of the people, that is wrong,” Fox News host Martha MacCallum said of the president. | Reena Flores/POLITICO

Martha MacCallum says it’s wrong for the president to label journalists ‘the enemy of the people’

As President Donald Trump amplifies his attacks on journalists, one Fox News host is calling out the chief executive for his hostile rhetoric.

Martha MacCallum, anchor of the network’s prime-time show “The Story with Martha MacCallum,” said she took it “personally” when the president applied blanket labels to the news media.

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Thank you for the Gift of discernment… I didn’t need this report to know not to watch this program..

Ben and Jerry’s Resist

Just in time for the midterm elections, Ben & Jerry’s ice cream has launched “pecan resist,” a flavor the company says is meant to convey that “We can peacefully resist the Trump administration’s regressive and discriminatory policies and build a future that values inclusivity, equality, and justice for people of color, women, the LGBTQ community, refugees, and immigrants.” Also, that “We cannot ignore the Trump administration’s attacks on our values, our environment, and our very humanity.”

Ben & Jerry’s is a wholly owned subsidiary of Unilever, the British-Dutch consumer products company. So if you oppose foreign interference in American elections (say, Russia 2016) or corporate involvement in American elections (say, you disagree with the Supreme Court’s Citizens United decision), or even if you just prefer your ice cream with hot fudge or whipped cream on top rather than partisan politics, maybe choose a different brand? I guess in Ben & Jerry’s defense, it also took on President Obama back in 2015 by criticizing his Trans-Pacific Partnership trade pact. Maybe Ben & Jerry’s should roll out a flavor devoted to thanking Trump for killing the TPP?

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