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An Interactive Guide To The "Housing Recovery"

Tyler Durden's picture


With the NAHB, NAR, and every sellside analyst going all in on the latest iteration of the "housing recovery" (with self-reported confidence now back at 2006 levels), which with the economy failing to gain traction as a result of trillions in now open-ended and largely futile episodes of monetary easing, is the last gamble for a broad economic recovery, even if it means recreating the housing bubble of 2007, here is some "housing recovery" perspective courtesy of the following infographic from Bloomberg.

For full interactivity, click on the image below.

From Bloomberg:

On the block of Hazelwood Road in Memphis, Tennessee, where Rebecca Black used to live, 17 out of 30 parcels have either been completely reclaimed by nature or have houses that sit empty. Five of the 15 parcels on her side of the street were abandoned after the recession ended, public records show. Many of the deserted properties are still legally owned by the mortgage borrowers. Nine of the properties are behind on taxes owed to the city or county governments, or both, public records show.

"Housing recovery" - hope vs reality...


Then again, perhaps all it needs is some incentives:


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Mon, 11/19/2012 - 12:08 | 2995945 FEDbuster
FEDbuster's picture

Opportunity, bullish!

Mon, 11/19/2012 - 12:10 | 2995956 Pladizow
Pladizow's picture

Its OK, American Zombies dont require a residence!

Mon, 11/19/2012 - 12:14 | 2995975 hedgeless_horseman
Mon, 11/19/2012 - 12:14 | 2995978 CrazyCooter
CrazyCooter's picture

Who is Rebecca Black?



Mon, 11/19/2012 - 12:28 | 2996015 YBNguy
YBNguy's picture

'Rich' teenager whose daddy hired a music video producer to help her make the following song/video for her sweet 16. It then went viral as the worst song ever, at the time.

Mon, 11/19/2012 - 12:51 | 2996088 12ToothAssassin
12ToothAssassin's picture

What no spiderman towels?

Mon, 11/19/2012 - 13:19 | 2996164 Matt
Matt's picture

I'm guessing the infographic has been hacked, considering Rebecca Black would have been ~10 years old in 2005.

Lot 698.


Also, someone has made a far worse "music" video, possibly intentionally: Gnesa - Wilder

Mon, 11/19/2012 - 13:40 | 2996228 derek_vineyard
derek_vineyard's picture

don't be outing million dollar bonus personal home

Mon, 11/19/2012 - 13:45 | 2996242 Overfed
Overfed's picture

Still better than 90% of Katy Perry, Keisha or Pink's 'music'.

Mon, 11/19/2012 - 14:29 | 2996364 kaiserhoff
kaiserhoff's picture

Thanks for bracketing the "music."  We're not all tone deaf.  Most of these idiots wouldn't recognize a C chord if one bit them in the ass.

Mon, 11/19/2012 - 17:17 | 2996912 Matt
Matt's picture

Technology > Culture. We don't need skill or talent, when software can make anyone a star.

Mon, 11/19/2012 - 12:42 | 2996019 hedgeless_horseman
hedgeless_horseman's picture



Black?  All I see are mostly BLUE dots in that 'hood.

Memphis Race and Ethnicity Map

To match this map, Red is White, Blue is Black, Green is Asian, Orange is Hispanic, Gray is Other, and each dot is 25 people. Data from Census 2000.

“I will say then that I am not, nor ever have been, in favor of bringing about in any way the social and political equality of the white and black races; I am not nor ever have been in favor of making voters or jurors of negroes, nor of qualifying them to hold office, nor to intermarry with white people…


I will say in addition to this that there is a physical difference between the white and black races which I believe will forever forbid the two races living together on terms of social and political equality. And inasmuch as they cannot so live, while they do remain together there must be the position of superior and inferior, and I, as much as any other man, am in favor of having the superior position assigned to the white race.”


— Abraham Lincoln


Divided and conquered, we are.

Mon, 11/19/2012 - 12:43 | 2996058 AssFire
AssFire's picture

The Great Separation, in which proto-Whites left Africans behind, was a turning point in the upward evolution of Man. Have we reached another, downward, turning point?

Only the most ambitious of the early humans in Africa possessed the curiosity to venture beyond their "comfort zone" and migrate out of the continent in search of new adventures and opportunities. It was this northward migration that exposed our progenitors to the new climates and environments that would guide their evolution. This was the historic moment that signaled the future birth of our race and all its advancements -- and the relatively backward nature of those tribes who remained in the tropics.

Leaving their predecessors behind, the fledgling stock pushed onward. Changing selection pressures would favor those mutations that bestowed upon the new stock reasoning abilities, deductive thinking, and logic. These traits would be necessary in order for the new breed of man, the White man, to survive the colder climates to the north.

The winter season brings new challenges and obstacles to the stock. For months at a time the fertile soil becomes a frozen, barren land, incapable of cultivation -- an inhospitable climate where even short exposures can quickly lead to frostbite and death. Gone were the days of endless warmth and pursuing only those behaviors that offered the reward of immediate gratification. The new breed needed to have the vision to see into the future and make plans ahead of time, if they were to survive.

Through a long and rigorous process, subsistence hunting and food gathering, and building temporary structures from mud or straw were replaced by agriculture, domestication of livestock, and true architecture. These are among hallmarks of civilization achieved by early Whites. And it was only when the fundamental problems of day-to- day survival had been solved that the mind could be free to ponder the higher things in life -- and the infinite possibilities of the future. A future with automobiles, refrigerators, television, radios, cell phones, satellites, and space travel. Look around you: the White man invented virtually everything you see.

The paucity of invention by sub-Saharan Africans -- it is virtually nil -- is evident. This lack of creative thinking is so because the Africans left behind did not follow the proto-Whites along their migration routes out of Africa -- and hence did not evolve in the same way. It was the genetic response to the changing selection pressures generated by the exposure to the colder climates of the north that elicited the changes in the genome that made our race, civilization, and mighty technology possible.

To this day, the Blacks who remain in their cradle of comfort along the equatorial zones of the earth, as well as those transplanted around the world by slavery in recent centuries, remain several steps below the White men and women of the West in measured intelligence, self-restraint, civilized behavior, artistic and scientific accomplishments, and sexual morality.

Just as the transitions from ape-like creatures to pre-man and then to early African man were giant steps for mankind, so too was the transformation of early African man into the White European race during his aeons-long journey to the north. It was Whites who gave us the architecture of the Parthenon, the Pantheon and St. Basil's cathedral, the music of Mozart and Beethoven, the artwork of Michelangelo and Monet, and the vision of Galileo. It was the vast collection of knowledge assimilated by the white European minds of scientists like Newton and Maxwell that gave us our vast understanding of chemistry and the laws of physics -- and all the power that implies. Meanwhile, the tribes of sub-Saharan Africa, regardless of where they may have relocated in modern times, are still swatting flies and sacrificing chickens.

In some ways, slavery was the best thing that ever happened to the Blacks -- who never could have found their way to America (and the gravy-train provided by guilt-ridden Whites) on their own. Even today, native Blacks have never shown the capability to build a boat capable of crossing the Atlantic. Enslavement, torture, rape, and murder were hardly unique to the Black slaves taken to America -- such was the norm in Africa (most of the transported slaves were already slaves while there) and slavery remains an institution there to this day. In our world's rich history of war, every race has suffered brutal treatment, attempted genocide, and forced emigration at the hands of rival races and nations. Even today in Africa, Blacks are hunted down, raped, tortured, enslaved, and killed by the millions -- at the hands of their own "brothers."

Here in America, Blacks enjoy ample food, clean water, and the opportunity for a good education, as well as the innumerable modern conveniences we all take for granted. Blacks get to be entertainment stars and athletes... but still, they complain about the White man. They riot in the streets and commit a disproportionately high amount of crime. Even very successful Blacks, who "have it all," like O. J. Simpson, Kobe Bryant, and Michael Jackson find it difficult to rise above their genetic propensity for violence or disrespect toward others. The savage behavior of Black sports stars toward White women is so legendary that it's become a part of folklore and taken almost for granted, as is the brutal deviant sexual behavior of Black men in prison, with young White males the usual victims.

Most alarming to decent Whites is the current push in America for White girls to misuse their wombs as cradles for primitive Congoid genes -- instead of for the sacred purpose for which they were intended.

While such "mothers" are exalted by the Jewish media as shining beacons of light for a new, multiracial society, their children have been condemned to inherit genes hundreds of thousands of years behind those that built the West. They have been robbed of their genetic potential. The mother and her thousands of generations of ancestors' contribution to the forward evolution of life have come to a screeching halt. The African DNA wraps itself like a parasitic vine around the White helix, chocking the life out of it. This is an act of genocide against our people, and should be prosecuted as such.

Schools, under the thumb of our enemies or in the thrall of the "equality" religion, have relaxed academic eligibility requirements. They must eliminate all evidence of racial inequality and "close the education gap" between Whites and non-Whites -- or risk losing funding. If we can't bring the minorities up to the achievement levels of the Whites, we'll bring the Whites down to their level. If we can't bring the bottom of the bell curve up, we'll bring the top down. That way, they'll all be equal -- equally stupid.

And is that not what we are seeing -- not just in the schools, but everywhere in our society?

When you look around, do you see evidence that Blacks have conformed to White standards of culture, civility, and grace? -- or do you see Whites conforming to Black norms of disrespect, crudity, ugliness, and ignorance? Do you see Black kids walking down the street dressed in fine clothes, listening to Mozart, and carrying their physics books? -- or are you more likely to see White children wearing baggy gang clothes, listening to "rap," sporting multiple body piercings (an African custom), speaking Ebonics, with a concealed crack pipe in their pocket, and obsessed with empty, lower-than-animal sex?

On the whole, have the Whites influenced the Blacks in a positive direction, or have the Blacks influenced the Whites in a negative direction? Even if the answer is "some of both," there is no way to argue that we of the West have gained in any way by the association.


Mon, 11/19/2012 - 12:48 | 2996073 hedgeless_horseman
hedgeless_horseman's picture



Are you saying there is a reason Bloomberg did not pick a Jewish neighborhood for this story?

Mon, 11/19/2012 - 12:58 | 2996092 AssFire
AssFire's picture

No, It is a long verse that explains the effects of not having Neatherthal DNA- it explains  Memphis, Detroit, Philly, E StLouis, Chicago, Birmingham, New Have etc are as they are. The Jews only pushed the government to allow them to breed without effort to feed.

Mon, 11/19/2012 - 13:02 | 2996123 NooooB
NooooB's picture

Wow! So that explains why the Egyptians (in Africa) were doing dentistry while the germanic tribes were painting themselves blue and running down hills. You Racist P.O.S..

I think you have demonstrated a fair amount of Neanderthal DnA here..

Don't let reality hit you on the ass on your way out you simple fuck.

Mon, 11/19/2012 - 13:08 | 2996141 AssFire
AssFire's picture

Sorry, Nubians were not allowed in Egypt until the 5th cetuntury BC- even as slaves. Read about their infiltration and the demise of Egypt as the first mulatto pharos were in power. The builders of Egypt had Neanderthal DNA- that has been proven.

Roman citizens stipped working and relied for government conquests for their lifestyle so it happens to all lazy cizilizations.

Mon, 11/19/2012 - 13:09 | 2996144 NooooB
NooooB's picture

bullshit. Nubians were developed before the Egyptians.

Mon, 11/19/2012 - 13:22 | 2996179 AssFire
AssFire's picture

They left nothing but mud huts... but then again that is what the call civilizations like Memphis.

The older dynasties were killing Nubians for 700 years during the golden era of the old kingdom of Egypt.

Only once they were imported as slaves and then some given freedom did the demise occur... kinda like everywhere they inhabit today. See Haiti, Liberia, etc.

Mon, 11/19/2012 - 13:33 | 2996215 NooooB
NooooB's picture

Asshat of the year.. Right here folks...

Mon, 11/19/2012 - 16:18 | 2996735 Widowmaker
Widowmaker's picture

Your avatar frames it perfectly!

Supported by clueless.

Shouldn't you be dry humping the Huffagton Post?

Mon, 11/19/2012 - 13:25 | 2996191 Offthebeach
Offthebeach's picture

Tell an Egyptian he's black, an African. Like, say for example a Ethiopian. Good luck with that.

PADL( Picts Ant-Defemation League) member.

Mon, 11/19/2012 - 16:38 | 2996800 boogerbently
boogerbently's picture

Have they "confirmed" that part about us all coming from bacteria/plankton/single cell.....something??

Mon, 11/19/2012 - 13:16 | 2996161 BKbroiler
BKbroiler's picture

Assfire, it must really burn you that we have a black president who is much smarter than our last white president.  Kinda ruins your little cut-and-paste theory above.  

Did yours and horseman's daughters got some good black cock lately?  Maybe your wives did?  You guys seem really obsessed with black folks.  Obama loves you regardless, don't worry.

Mon, 11/19/2012 - 14:12 | 2996223 hedgeless_horseman
hedgeless_horseman's picture



Did yours and horseman's daughters got some good black cock lately? Maybe your wives did?

Why would you say such terrible things about my family?*  The census data showing such a high degree of segregation, and directly correlating with the, "housing recovery," or lack thereof for those that likely voted democratic, must have really hit a nerve? 

Regarding your other comment, which I hope is true, as we really need smart representation...

...we have a black president who is much smarter than our last white president.

How can we know? Obama refuses to release his college transcripts.


*Abusive ad hominem (also called personal abuse or personal attacks) usually involves insulting or belittling one's opponents in order to attack their claims or invalidate their arguments, but can also involve pointing out true character flaws or actions that are irrelevant to the opponent's argument. This is logically fallacious because it relates to the opponent's personal character, which has nothing to do with the logical merit of the opponent's argument, whereas mere verbal abuse in the absence of an argument is not ad hominem nor any kind of logical fallacy.


Mon, 11/19/2012 - 14:31 | 2996354 BKbroiler
BKbroiler's picture

Why would you say such terrible things about my family

First off, it's not so terrible.  Lots of people's daughters and wives enjoy black cock.  Secondly, I mention it because it seems that you and assfire would take particular offense to that since you are both such avowed racists.  It's a shame too, I agree with what most of what you post when it's unrelated to race.  It seems you are unable to think as rationaly anytime black folks are inserted into a discussion (usually by you, assfire, or someone else) and turn into a windbag.   Since very few people on this board take it upon themselves to dispute the prevalent racist nonsense on here, I take the initiative.  You decided to take a post unrelated to race and as usual, make it the black guy's fault.  I think that shows a deep insecuirty and I was toying with you.  Quit being such a racist prick.


If you need to see Obama's college transcripts to prove he is smarter than Bush you really have lost it man.  C'mon.

Mon, 11/19/2012 - 14:40 | 2996376 hedgeless_horseman
hedgeless_horseman's picture



...such avowed racists...

Really, how so?

Bloomberg chose to make this article about race when they selected an all black neighborhood as a case study for how the housing recovery is not equal for all.  I fail to see how pointing out this fact, when Bloomberg (intentionally?) fails to do so, makes me the racist.

Mon, 11/19/2012 - 14:45 | 2996402 BKbroiler
BKbroiler's picture

Bloomberg chose to make this article about race when they selected an all black neighborhood as a case study.

Wow, that is really reaching.  Ok, so what about all the poor southern white households in foreclosure?  What about all the other countries that experienced housing busts?  Black people's fault also?  I think everyone on here agrees that there is no housing recovery, so blaming Bloomberg for cherrypicking their data set to meet some agenda you think they have (which in this case is....?) doesn't even make sense.  

Admit it, man.  You saw a chance to take a swipe at black folks and you took it.  That's all it is.  

Mon, 11/19/2012 - 15:42 | 2996635 dogbreath
dogbreath's picture

Go to the article and drag your mouse over the red lots.  Even at the height of the bubble that streets houses sold for 60k.  Even the dumbest fucker in the world should be able to carry a mortgage that size.  There is a reason that street was never worth much and that is because its the hood.  

Mon, 11/19/2012 - 18:01 | 2997001 jomama
jomama's picture

racism is ignorance. one can argue demographics and semantics all they want. 

since there isn't a real case study that directly compares opportunity vs. race, it's all just inflated opinions.

that said, your moronic 'enjoy black cock' comments show the fallacious nature of your argument.  pun intended.

Tue, 11/20/2012 - 09:21 | 2998358 Kobe Beef
Kobe Beef's picture

So educate yourself. Race is genetic and is highly correlated with behavior and intelligence. Google "Human Bio-Diversity", and come back talking about 'ignorance' only after you've done your homework.

Mon, 11/19/2012 - 19:33 | 2997320 hedgeless_horseman
hedgeless_horseman's picture



Ok, so what about all the poor southern white households in foreclosure?  What about all the other countries that experienced housing busts?  Black people's fault also?

Way to beat the shit out of that strawman!  I think you finally have him on the ropes.

Mon, 11/19/2012 - 16:17 | 2996733 dbTX
dbTX's picture

KB  It's not Obama's grades we need to see, it's his origin, he's clearly not a natural born American, you can't dispute this fact.

Mon, 11/19/2012 - 16:21 | 2996744 Widowmaker
Widowmaker's picture

...but W-Fuckup Inc. at least put on a flight suit and figured out a Connecticut swagger in Texas.

Mon, 11/19/2012 - 14:28 | 2996359 Iam_Silverman
Iam_Silverman's picture

"it must really burn you that we have a black president"

According to his own admission, he's only HALF black.  At least that's the story he's sticking to.  Mulatto is the proper term, I believe.

Mon, 11/19/2012 - 12:51 | 2996087 LFMayor
LFMayor's picture

Bullish for cowshit huts!

or should I say bull shit is for cowshit huts?


Mon, 11/19/2012 - 13:38 | 2996159 Fukushima Sam
Fukushima Sam's picture

Interesting points, but...

Modern music owes everything to the marriage of European harmony and African rhythm.

African sculptors were cubists long before Picasso came along.

African societies seem to be more sustainable in the long term than western societies; Africa has lived in harmony with nature for millenia, but western civilization destroys nature whole-heartedly, leading to its own extinction.

Tue, 11/20/2012 - 07:17 | 2998210 WAMO556
WAMO556's picture

Who invented: "Gimme my Obama phone"???????

Mon, 11/19/2012 - 13:37 | 2996224 WillyGroper
WillyGroper's picture

Hmmm, let's see. Who was it that brought the blood transfusion to his fellow man & lost his job in the process?

How many lives have you saved?

Mon, 11/19/2012 - 16:23 | 2996756 RichardP
RichardP's picture

Can't answer.  Mouth stuck shut with peanut butter.

Mon, 11/19/2012 - 14:19 | 2996330 boogiedown
boogiedown's picture

Thanks, AssHole, for showing us the truth

"The paucity of invention by sub-Saharan Africans -- it is virtually nil -- is evident. This lack of creative thinking is so because the Africans left behind did not follow the proto-Whites along their migration routes out of Africa -- and hence did not evolve in the same way. It was the genetic response to the changing selection pressures generated by the exposure to the colder climates of the north that elicited the changes in the genome that made our race, civilization, and mighty technology possible."

So living in with nature, not consuming more than they produced, not crossing the ocean and exploring, ahem, pillaging other lands for colonization really shows a "lack of creative thinkning" on the part of those backward, ignorant Africans.  We should be bowing down and thanking the white people for nuclear weapons, credit default swaps, chemtrails, etc.

Why don't you come visit me in NYC to experience a display of my so-called "genetic propensity for violence"

Mon, 11/19/2012 - 17:56 | 2996991 jomama
jomama's picture

while racist as shit, and ignorant at that, you just played into his xenophobic diatribe like a cheap kazoo.

Wed, 11/28/2012 - 12:34 | 3017652 boogiedown
boogiedown's picture

guess the word "ironic" doesn't spring to mind for ya?

Ok, /sarc

there, fixed it

Mon, 11/19/2012 - 23:57 | 2997895 BooMushroom
BooMushroom's picture

If you'd really wanted to refute his argument, you could have listed some of technological inventions made by Sub-Saharan Africans.

I can't help but notice you didn't.

But you did manage to bolster his "propensity for violence" argument.

Racist or not, you lost this round 0-2.

Wed, 11/28/2012 - 13:24 | 3017817 boogiedown
boogiedown's picture

well the "logic" of his argument is based on the false premise that blacks were not torn from their land in the slave holocaust, but rather they were lifted out of ignorance by western influence. He intentionally restricts the discussion to sub-saharan africa in a classic straw-man style move -- no mention of Egyptian or Moorish mathematical acheivements are allowed.

He already has you thinking in terms of biege peoples' inventions vs. brown peoples' inventions, instead of HUMAN inventions.

If you would still like one interesting example, see this article on ancient use of binary code in Africa: Bamana Sand Divination: Recusion in Ethnomathematics

see my comment above re: irony

and he already "lost" the minute he opened his mouth, since his argument seems to be based on one of those old slaver anatomy diagrams of bone sizes or something.

Mon, 11/19/2012 - 12:53 | 2996093 Bastiat
Bastiat's picture

I'm thinking Spielberg left that quote out of the movie.

Mon, 11/19/2012 - 12:42 | 2996053 Lost My Shorts
Lost My Shorts's picture

I lived in Memphis once, long ago, as a child.  The solidly built, four-bedroom house where my family lived (in all white neighborhood) is now valued at $109,000 on Zillow.  It would be over a million in Seattle or Newton, MA.  So Memphis is an odd place.

Funny thing is, life was great there.

Mon, 11/19/2012 - 12:53 | 2996090 highly illogical
highly illogical's picture

Rebecca Black the tween singer was only 8 in 2005 and this isn't the same person.  In another article here it says this Rebecca Black is a 64 year old army vet who makes $24k per year. 

Mon, 11/19/2012 - 13:25 | 2996193 Karlus
Karlus's picture

It's Friiiday friday friday!

Mon, 11/19/2012 - 13:35 | 2996218 Matt
Matt's picture

Even if that is true, why are they publishing the person finances of a private citizen?

Mon, 11/19/2012 - 12:29 | 2996024 Harbanger
Harbanger's picture

No problem, it's less balloons for Bernanke to re-inflate.

Mon, 11/19/2012 - 12:25 | 2996003 vast-dom
vast-dom's picture

taxes are the theme...and the tip-off.

Mon, 11/19/2012 - 12:08 | 2995948 Spastica Rex
Spastica Rex's picture

It's Friday, Friday.

Mon, 11/19/2012 - 12:09 | 2995953 Rainman
Rainman's picture

" Hurry....they're not making any more land "


Mon, 11/19/2012 - 16:41 | 2996804 boogerbently
boogerbently's picture

But they can make more TAXES on the land, and confiscate it when you can no longer afford it.

Mon, 11/19/2012 - 12:09 | 2995954 wonderatitall
wonderatitall's picture

its bush's , romneys ,dammit its somebodys fault....i got to tell them chiy knees im black

Mon, 11/19/2012 - 12:28 | 2996013 rich_wicks
rich_wicks's picture

If you don't realize by now that the only thing the president does is lie and blow smoke up the nation's ass, and carry out orders and sign what they're damned well told to sign, by now, you're either a complete moron, or have been living on another planet for a few years.

This is government's fault, period, and neither of the two ass kissing shitheads we've had as president, nor the fuckwads we've had in congress will do anything about it, because you shitheads want to play that "let's pretend it's just ONE party's fault!!!" STILL.

The Federal Reserve does what it damned well pleases, and so do the banks, and they've paid off your "representatives" to do this.  So quit pretending that one set of assholes is at fault.  We live in a kleptocracy, and only the very fucking stupid don't realize this yet.  Quit being fucking stupid.

Mon, 11/19/2012 - 12:39 | 2996048 nope-1004
nope-1004's picture

lol.... take a deep breathe now..... it's assumed you know its sarcasm without it being labeled as such.


Mon, 11/19/2012 - 14:11 | 2996225 rich_wicks
rich_wicks's picture

It's not sarcasm.  It's sheer stupdity.

Idiot believes that other idiots are going to blame Bush.  He's probably right, I mean, there are a lot of fucking idiots in this country who still believe there's a dime's worth of difference between the parties, because they're stupid, lazy, and willingly ignorant.

Why did I waste my time at Cable Labs for in Colorado to help develop the DOCSIS spec?  Apparently not to allow people to become well educated about the world, but for them to display how inconceivably lazy they are about learning any goddamned thing on their own.  Got some money out of the deal, skiing Arapahoe Basin was a lot of fun too.

It's been an education for me.  I just never realized that people were willingly stupid.  I just believed that information wasn't accessible to them.  Well, no excuse any more.  My dim negative view of the human race, and the shithead majority in it, was spot on to begin with.

If there is a ruling class that runs the world and despises that average person as being "fucking stupid" and thinking that they deserve what they get, I have align myself with them at this ponit.

Mon, 11/19/2012 - 14:20 | 2996336 moondog
moondog's picture

In my experience (U.S based), most people are not intellectually curious, nor prone to critical thinking.

Has it always been this way? What is the root cause of this intellectual deficiency? Is it the culture or the educational system? Is it the chemicals in the food and water? Where are all the renaissance men in the current generations?

I personally applaud your work as I utilize the internet to explore areas outside my area of expertise.

Mon, 11/19/2012 - 15:02 | 2996438 MachoMan
MachoMan's picture

always has been... 

Mon, 11/19/2012 - 12:10 | 2995958 fijisailor
fijisailor's picture

In my area of FL there are large numbers of BAnk owned properties that have been sitting empty for a long time and they have never even been offered for sale.  Meanwhile new developments are going in.  Clearly the intention is to create another bubble and help it out by not putting exisitng housing up for sale.

Mon, 11/19/2012 - 12:15 | 2995979 jcaz
jcaz's picture

Can second that in Florida-  seems to be the game- ignore the zombie properties and go onto the next dream- because it's allll about the dream.......

Mon, 11/19/2012 - 12:22 | 2995994 Hayabusa
Hayabusa's picture

You said, "In my area of FL there are large numbers of BAnk owned properties that have been sitting empty for a long time and they have never even been offered for sale.  Meanwhile new developments are going in.  Clearly the intention is to create another bubble and help it out by not putting exisitng housing up for sale."

The intention is NOT to create a bubble, it is to create "growth" and "customers"... the economy must grow and people have been conditioned to want new, not used stuff... to have the latest and the "best"... smart phones, cars, houses, etc.  Housing is treated as a disposable asset by banks so they let them decay and not put them on the market... plus if they did put them on the market that would drive down the price of homes around them and put more people underwater and those people might just choose to walk away from a home they owe more money on than it's worth - banks don't want MORE of that.  It's all about growth, short-term gain and keeping the ponzi afloat as long as possible and make as much $$ as possible in the process.  I'm surprised the banksters haven't figured out how to produce a selective fire that sweeps through neighborhoods taking out all those bank owned houses, collecting the insurance $$ and rebuilding new ones in their place in order to attract new interest paying customers.


Mon, 11/19/2012 - 12:36 | 2996028 Boxed Merlot
Boxed Merlot's picture

I'm surprised the banksters haven't figured out how to produce a selective fire that sweeps through neighborhoods taking out all those bank owned houses...



They have, only it's even more effective.  They have an employee at the fed buying it all up with free paper and giving their fraudulent notes back in order to perfect them this time around.  This also removes the evidence from the state's AG in the process assuring nobody will be prosecuted for the criminal conduct.

Now, all they need is four more years at frn million a minute.  (A few more seasons of dancing with idols will help)




Mon, 11/19/2012 - 13:02 | 2996126 Harbanger
Harbanger's picture

"The intention is NOT to create a bubble, it is to create "growth" and "customers"... the economy must grow and people have been conditioned to want new, not used stuff... "

The intention is print $ and lend it at low rates for mortgages to buy houses. The Fed wants to re-inflate the housing bubble with low interest rates. The Keynesian central planners expect housing prices to go up, then people will extract equity and spend it on consumer goods.  Why? That's just how keynesian economics and socialism works, when something doesn't work, it's not wrong, it must be tried again even bigger.

Mon, 11/19/2012 - 15:20 | 2996512 MachoMan
MachoMan's picture

Too bad they forgot one important part of the recipe...  a rise in wages.

Mon, 11/19/2012 - 12:28 | 2996016 EvlTheCat
EvlTheCat's picture

Section 8 housing coming to a neighbourhood near you in Florida.

Mon, 11/19/2012 - 12:29 | 2996026 A Middle Child ...
A Middle Child of History's picture

Sounds like a potential operation for Project Mayhem. Groups of patriots going in there in the dead of night and burning those fuckers to the ground. Fuck the banks sitting on their foreclosed properties, fuck the county property tax collecters drooling over all that potential revenue. This needs to be franchised, a charter in every community!

Mon, 11/19/2012 - 12:11 | 2995960 Rustysilver
Rustysilver's picture

hey! that's my neighborhood in Ct

Mon, 11/19/2012 - 12:11 | 2995965 LFMayor
LFMayor's picture

Ever been to Memphica? 

The only thing growing there is kudzu, payday loan shops and subsidized federal housing with very sub-standard neighbors.

Mon, 11/19/2012 - 12:28 | 2996012 vato poco
vato poco's picture

The preferred word nowdays is "Memphroit", I hear.

Mon, 11/19/2012 - 15:22 | 2996523 MachoMan
MachoMan's picture

This is what happens when anyone of means gets the fuck out of there...  what local governments don't seem to understand is that people can easily vote with their feet...

Mon, 11/19/2012 - 12:13 | 2995972 Josh Randall
Josh Randall's picture

I could probably buy a lot or two, but Whiskey n' Wimmen would just take it all away from me anyway...

Mon, 11/19/2012 - 13:34 | 2996216 Harbanger
Harbanger's picture

I'm just waiting for a woman that ain't got no man, but my buckets got a hole in it.  I can't buy no beer.

Mon, 11/19/2012 - 12:14 | 2995976 Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture

Don't worry - deficits don't matter, and empty homes don't mean a thing.


We just need to create demand for houses by printing more cash to give to banks to allow them to buy up more houses, so they can rent them to the people who defaulted once the ARM began squeezing.


Problem solved!


Everyone who can't find an apartment can just fuck off to the Hope Camps. 

Mon, 11/19/2012 - 12:14 | 2995977 SheepDog-One
SheepDog-One's picture

'After the recession ended' much more properly called 'After the criminal banksters got their vaults re-filled with free moneez'.


Mon, 11/19/2012 - 12:18 | 2995982 q99x2
q99x2's picture

Sell that Memphis neighborhood to the Chinese.

Mon, 11/19/2012 - 12:40 | 2996049 Iam_Silverman
Iam_Silverman's picture

"Sell that Memphis neighborhood to the Chinese."

Good idea - they do seem to have a knack for collecting vacant properties.  I thought that they specialized in entire city districts though.

Mon, 11/19/2012 - 12:18 | 2995984 toady
toady's picture

I just noticed a couple of these near my house over the last few weeks.

I drive past a condo complex every few days. They built, and apparently sold, the model (one building, 4 or 6 units) and poured a couple slabs, back in 06. Now its completely overgrown, including the one building.

There is also a subdivision that was zoned and surveyed back then, but nothing was ever built. I noticed they took the signage down and it's overgrown too.

Mon, 11/19/2012 - 12:23 | 2996000 Village Smithy
Village Smithy's picture

Oddly enough the unit that you are speaking of is included every month in the "housing starts" number. Like cleaning out my garage, I've "started" that job so many times.

Mon, 11/19/2012 - 12:20 | 2995988 Lost Wages
Lost Wages's picture

At least Nature is recovering.

Mon, 11/19/2012 - 12:22 | 2995992 A Middle Child ...
A Middle Child of History's picture

Keep pumping that housing market, gotta boost those prices to encourage homeowners use all that equity and fill the county coffers... Not like the average working couple (who are about to have their hours cut to less than 30 per week) can afford a mortgage on a 200K+ house, or the increased rent costs from all those former homeowners looking for some post-foreclosure shelter flooding the rental market.

"All hail Caesar Bernanke; for those about to drown in debt we salute you".

Mon, 11/19/2012 - 12:23 | 2995995 monopoly
monopoly's picture

Northern Nevada is an absolute wreck. We just reclaimed the #1 spot in foreclosures. Go Nevada!

Mon, 11/19/2012 - 12:26 | 2996009 RobD
RobD's picture

Awsome #1 again! Got to love Reno in the winter, bank owned houses all over the place but hardly any on the market.

Mon, 11/19/2012 - 12:23 | 2995997 Lord Drek
Lord Drek's picture

But but

Marketwatch says futures are up on STRONG housing data!

Also, is anyone else getting sick of that retarded little Capital One ad bouncing around as you scroll down to read articles?

Mon, 11/19/2012 - 12:26 | 2996010 Village Smithy
Village Smithy's picture

Every user gets different ads depending on your surfing habits and personal profile. You must have a great credit score!

Mon, 11/19/2012 - 12:37 | 2996045 EvlTheCat
EvlTheCat's picture

Ad Blocker and Ghostery add-on's will help with your browsing experience.

Mon, 11/19/2012 - 12:23 | 2995999 RobD
RobD's picture

Ah Memphis, I kind of remember it well. Did a year of training at the Navy base in Millington Tn just outside town. For an 19yo small town boy the strip joints where quite the adventure.

Mon, 11/19/2012 - 14:16 | 2996325 MachoMan
MachoMan's picture

and are routinely shut down for prostitution/drug rings.

Mon, 11/19/2012 - 15:24 | 2996522 RobD
RobD's picture

Hmmm that must have started after I was there in the early 80's as I did not see any drugs(though I was not looking for them) and was never propositioned by any of the girls(darn it).

Mon, 11/19/2012 - 19:22 | 2997286 player333
player333's picture

10 years ago the Platium Plus was the cream of strip joints but all good things come to an end:(

Mon, 11/19/2012 - 12:24 | 2996001 giggler123
giggler123's picture

No wonder William Black is fighting so hard...

Mon, 11/19/2012 - 12:25 | 2996006 Lendo
Lendo's picture

Fun fun fun fun , looking forward to the revovery.

Mon, 11/19/2012 - 12:25 | 2996007 Floodmaster
Floodmaster's picture

Try to find an occupied house on trulia / zillow, abnormal is the new normal,

Mon, 11/19/2012 - 12:33 | 2996011 Zer0head
Zer0head's picture

Posted already but it's the likes of Blackstone who have have been bottom feeding converting the American Dream (nightmare) of distressed properties into rentals.


They are quite brilliant profiting on the way up and the way down and in a twist of irony the folks who once "owned" these lovely propeties are now extended the opportunity of having Mr. Schwartzman as their landlord. Some lucky folks might even get the opportunity to work for Blackstone's invitation homes as maintenance staff.

And make absolutely no mistake at the root of all of this are taxpayer dollars subsidizing directly or indirectly Blackstones's latest venture. 





Mon, 11/19/2012 - 13:00 | 2996120 WillyGroper
WillyGroper's picture

740 Park Ave.

Occupy Waldorf.

Mon, 11/19/2012 - 12:29 | 2996017 Dr. Richard Head
Dr. Richard Head's picture

All of the Sheriff auctions are being cancelled just a few days prior to going to auction.  Is that because people are just filing bankruptcy before D-day?

Mon, 11/19/2012 - 12:29 | 2996021 dwdollar
dwdollar's picture

Numerous neighborhoods around here have been "under construction" for 3-4 years now. There's always "workers" going in and out of them, but nothing ever seems to get done...

Mon, 11/19/2012 - 13:23 | 2996184 SoCalBusted
SoCalBusted's picture

They are mining for copper.

Mon, 11/19/2012 - 12:30 | 2996027 Downtoolong
Downtoolong's picture

In the community where I live, with many such development nightmares as this one still being all too real, one developer owes B of A $80 million which he can’t pay. Why? Because, he took all the money the Bank loaned him against his company, and all the money he got from subdividing and selling lots to unsuspecting retirees, and bought more land to develop in another state instead of completing the development he promised. This kind of shit was rampant back in 2006. The one fool customer who actually went ahead and built a home in the development, betting on the come, now sits in it surrounded by emptiness and dirt roads which haven’t even been paid. He spent almost $1 million to build the house, and probably couldn’t give it away now. I’ll know we’re in a housing recovery when I see the next home go up in this catastrophe of a development project, and nothing these pundits say is going to sway my mind about that. Until then, I hope they like talking to themselves.   

Mon, 11/19/2012 - 12:33 | 2996031 SheepDog-One
SheepDog-One's picture

$85 billion a month thrown into the smoking crater previously known as the housing bubble....these people should all be lined up and shot.

Mon, 11/19/2012 - 12:34 | 2996032 BinAround
BinAround's picture

Memphis area population 1.3mln.  US population, about 238x bigger. How can you possibly think that Memphis has any relevance to a discussion of US housing?  Was it the pretty picture that made you want to post this trivia?  


Mon, 11/19/2012 - 12:44 | 2996057 NotApplicable
NotApplicable's picture

Speaking of being driven to create a trivial post...

Mon, 11/19/2012 - 12:47 | 2996069 Zer0head
Zer0head's picture

with respect except for the Duck Parade, Memphis is one scarey place - good ribs though and the bars are okay too just don't to stray too far after dark

Mon, 11/19/2012 - 12:48 | 2996072 LFMayor
LFMayor's picture

Maybe if you took a jaunt around your neighborhood you'd see the micros of the macro.  Or if you were a little smarter.  Probably you should go heavier on the 2nd part, then you'll be all right.

Here in my own corner of  Redneckistan, I personally know of one place.  It's a walk-away, empty for damn near 3 years now, about 3k sq ft on 10 acres that my own cousin was interested in buying.  Chase won't return his calls, and the local realtors cabal won't get into it because "The Bank" holds the title and refuses to release individual properties for sale. Or some shit.

They're sitting on these properties and eating the losses in order to keep from collapsing.  Like severing your own arm and putting it in the oven for the evening meal.

And pretty fucking goddamn soon that's exactly what's going to be going into a lot of ovens.  Or charcoal grills.  Limbs, the new white meat.

Mon, 11/19/2012 - 16:15 | 2996726 cranky-old-geezer
cranky-old-geezer's picture



They're sitting on these properties and eating the losses in order to keep from collapsing. 

No, they don't wana sell 'em and book (huge) loan losses.

They're running on mark-to-myth, keeping nonperforming loans on the books at full value.  As long as they don't sell 'em they're not taking any losses other than maintenance. 

Soon as they short-sale one of those vacant homes they must close out the previous loan and book the loss.

So the incentive is to not sell, just do maintenance on it and keep the loan on the books at full value.

I doubt they're even paying property taxes on those vacant homes.  They're probably leaving them titled in the name of the homeowner so property taxes remain the homeowner's responsibility, even though those homes may have been vacant for some time.

Tue, 11/20/2012 - 14:26 | 2999363 Orange Pekoe
Orange Pekoe's picture

They're waiting for inflation to raise the housing prices so they can sell at a profit.

Mon, 11/19/2012 - 12:34 | 2996033 Offthebeach
Offthebeach's picture

Detroitafication. A process of transformation from an industrial economy based upon production to a fiat,welfare economy based upon consumption financed by central bank money/credit production.

Mon, 11/19/2012 - 12:45 | 2996062 Harbanger
Harbanger's picture

AKA Keynesian economics.

Mon, 11/19/2012 - 12:36 | 2996041 yogibear
yogibear's picture

Since NAR, Bernanke and the Fed are pushing for housing fraud again there is a huge demand for appraisers to appraise houses for twice the real value.

It's housing fraud and scamming again. We can do it bigger and better this time.

Another TARP this time much bigger when it all blows up. Obama is good for another 16 trillion in debt over the next 4 years.

Moodys and Fitch love to rate junk debt as AAA.

Get the animal spirits going again.

Mon, 11/19/2012 - 12:36 | 2996043 miker
miker's picture

The banks and fannie/feddie are trying to creat a floor.  They may succeed.  But there is a shitbucket of inventory and it will take years to unload at this pace.

Mon, 11/19/2012 - 12:37 | 2996046 Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture


This isn't going to affect the value of banks' derivatives, right?  Pardon my ignorance - I'm sure the derivatives market is very safe and fairly value, correct>?




Mon, 11/19/2012 - 12:46 | 2996064 Iam_Silverman
Iam_Silverman's picture

"I'm sure the derivatives market is very safe and fairly value, correct?"

Don't worry, it's contained!  All derivative exposures have been "wrapped" with a shiny new CDS underwritten by our counterparties.  What could possibly go wrong?

Mon, 11/19/2012 - 12:39 | 2996047 billwilson
billwilson's picture

Amazingly some of the cars in the driveways are worth more than the house

Mon, 11/19/2012 - 12:49 | 2996076 LFMayor
LFMayor's picture

and the 22" spinnahs with lowpro Pirelli's on them double their value!

Mon, 11/19/2012 - 12:49 | 2996078 Bicycle Repairman
Bicycle Repairman's picture

I want the pizza up front.

Mon, 11/19/2012 - 13:24 | 2996186 reader2010
reader2010's picture

This Time Is Different. 

Mon, 11/19/2012 - 13:55 | 2996275 wisefool
wisefool's picture

nope. this time it is for real. we already have food inflation, droughts make it worse. They reached too far trying to manage the air we exhale (energy/carbon). shelter bubbles are too passe for the best and brightest central planners/investment bankers.

Its gonna be central planning of water this time.

Mon, 11/19/2012 - 13:46 | 2996235 THE DORK OF CORK
THE DORK OF CORK's picture

I found these videos striking in their contrast.




For every one step forward………….

You take 2 steps back.

Two opposing forces = no critical mass.
The Streetcar could be a failure if the new nodes are new Wallmarts.

“300 jobs here…………….”


recent work in Tucson – burning todays diesel for possible less future gasoline consumption

Some people are not too happy this last spring.

Looks like they are moving along pretty quickly with the university of Arizona well served. (July ?)


Using American united streetcars


Mon, 11/19/2012 - 14:28 | 2996358 Kasperfx
Kasperfx's picture

Mark my words, these current days will go down in the history books as one of the biggest scams by Governments and NAR to misguide the public into believing in something thats not.

Mon, 11/19/2012 - 14:45 | 2996400 Disenchanted
Disenchanted's picture



'Rewilding' America one neighborhood at a time...Thank you Agenda 21.

Mon, 11/19/2012 - 15:19 | 2996509 Grin Bagel
Grin Bagel's picture

The pro-Trolls and the unpaid wannabe's are scoring big time on this blog with the subject changing tactic. Like I keep saying, wish the friends and skeptic family your very best and get out while you can with your brain and your gold.


It's what I would call leading by example, and starting your own, whole new game. No, it's not easy nor convenient. Yes, there is support, but you have to want it enough to ask for it after your first steps are made on your own.

Mon, 11/19/2012 - 17:05 | 2996883 Bansters-in-my-...
Bansters-in-my- feces's picture

How could this not be a good news story?

Do NOT follow this link or you will be banned from the site!