A smaller share of Americans own their homes than at any time since 1995 - Young people are putting off buying houses, one reason why the nation's homeownership rate is the lowest it's been in nearly 20 years. More renters, fewer buyers
By Tim Logan | The L.A. Times
Less than half of homes in metro Los Angeles are owner-occupied, lowest rate of any big city in the U.S. The share of Americans who own their homes slipped again in the second quarter to its lowest level in nearly two decades.
Just 64.8% of U.S. homes are owner-occupied, the Commerce Department said Tuesday, down from 65% in the first quarter and the lowest count since the third quarter of 1995. The figures are adjusted to account for seasonal variations.
In Los Angeles and Orange counties, 49.1% of homes are owner-occupied. That's the lowest rate of any big metropolitan area in the country.
Relatively high housing prices, tight credit standards and a still-soft job market are prompting more Americans to put off owning a home, housing economists say. And while the improving economy is prompting more young people to move out of their parents’ house or live alone instead of with roommates, those young people are in no rush to buy.
The Cato Institute has some bones to pick with the Federal Reserve.
The Washington libertarian think tank this week will launch a new Center for Monetary and Financial Alternatives. Its goal: challenge the central bank’s policies and explore alternative ways to manage the U.S. money supply, including but not limited to a return to the gold standard.
“I think we can do better than the Federal Reserve,” said George Selgin, the center’s director and a former economics professor at the University of Georgia. “We should be exploring how to do better. We should be exploring alternatives that could do better, instead of dismissing that entire inquiry as something that should be only of interest to people on the fringe.”
U.S. has spent $7.6B on counternarco ops
by Adam Kredo
October 21, 2014 10:00 am
Cultivation of the illegal poppy plant in Afghanistan has reached an “all time high” following a $7.6 billion counternarcotics campaign paid for by the United States, according to government oversight investigators.
Despite the spending to combat growth of the poppy plant, which is used to make drugs such as opium and heroin, cultivation has reached an “all time high,” especially in places once declared “poppy free,” according to new report by the Special Inspector General for Afghanistan Reconstruction (SIGAR).
“After a decade of reconstruction and over $7 billion in counternarcotics efforts, poppy cultivation levels are at an all-time high,” SIGAR concluded in its report released Wednesday.
The findings have caused concern about the effectiveness of the United States’ efforts to stymie poppy production, SIGAR concluded.
Who is behind Florida’s Amendment 1? Collectivist Democrats one and all?
I just got home from work. But oh joy, in my mail box is a flyer from the Florida Conservation Alliance Institute (FCAI) indirectly asking me to vote YES for Amendment 1.
SCHAUMBURG, Ill. – Admitting his confidence in Cook County ballot integrity is shaken, State Representative Candidate Jim Moynihan (R-56), was shocked today when he tried to cast a vote for himself and the voting machine cast it for his opponent instead.
I know there have been many posts on DP about this subject, mostly snide quips parroting the liberal media lies. Well one very liberal media outlet has finally decided to release & publish the truth. We need to ask ourselves why now, has the NY Times decided to publish the truth?
NY Times finally comes clean about the weapons of mass destruction which were found, did exist, and covered up by the press & military
Plan to Merge Russia with the West. Former Oil Tycoon Launches “Pro-European” Political Movement in Russia
September the 20th marked the launch of Open Russia, a pro-European political movement spearheaded by former Russian oil tycoon Mikhail Khodorkovsky. Russia’s former wealthiest man was released from prison in December 2013 due to a pardon by Vladimir Putin, after serving close to 10 years in jail following his conviction in 2005.
In the wake of recent mysterious plane crash deaths of freedom-leaning political figures, perhaps it's time to revisit 2008, when a plane carrying Dr. Ron Paul and six other congressmen depressurized and had to make an emergency landing in New Orleans en route from D.C. to Houston:
Is there any way to find out what happened with the investigation into this? All I know is that I never heard anything more about it. The Washington Post article on it is gone. Click through:
By John W. Whitehead | October 14, 2014
The Rutherford Institute
“It’s been over five months since the night a SWAT team broke into the house in which we were staying…We were staying with relatives and my whole family was sleeping in one room. My husband and I, our three daughters and our baby (nicknamed “Baby Bou Bou”) in his crib. Dressed like soldiers, they broke down the door. The SWAT officers tossed a flashbang grenade into the room. It landed in Baby Bou Bou’s crib, blowing a hole in his face and chest that took months to heal and covering his entire body with scars…
“Doctors tell us that my son will have to have double reconstructive surgeries twice a year, every year for the next 20 years… [I]n five short months our family has taken on nearly $900,000 in medical bills, some of which have now gone into collections… After initially offering to cover the medical expenses, the county has since refused to cover any of our medical costs, all of which would never have happened if the SWAT team hadn’t broken into the home.”—Alecia Phonesavanh
Who pays the price for the police shootings that leave unarmed citizens dead or injured, for the SWAT team raids that leave doors splintered, homes trashed, pets murdered, and family members traumatized and injured, if not dead?
BY JEREMY SCAHILL AND RYAN DEVEREAUX
The Obama administration has quietly approved a substantial expansion of the terrorist watchlist system, authorizing a secret process that requires neither “concrete facts” nor “irrefutable evidence” to designate an American or foreigner as a terrorist, according to a key government document obtained by The Intercept.
The “March 2013 Watchlisting Guidance,” a 166-page document issued last year by the National Counterterrorism Center, spells out the government’s secret rules for putting individuals on its main terrorist database, as well as the no fly list and the selectee list, which triggers enhanced screening at airports and border crossings. The new guidelines allow individuals to be designated as representatives of terror organizations without any evidence they are actually connected to such organizations, and it gives a single White House official the unilateral authority to place entire “categories” of people the government is tracking onto the no fly and selectee lists. It broadens the authority of government officials to “nominate” people to the watchlists based on what is vaguely described as “fragmentary information.” It also allows for dead people to be watchlisted.
The Huffington Post | By Amber Ferguson
Former Rep. Ron Paul (R-Texas) thinks if former Secretary of State Hillary Clinton runs for president in 2016, "she’d be pretty average" as commander-in-chief.
During an interview Thursday on Ora.Tv’s PoliticKING with Larry King, Paul wasn’t at all enthused about the possibility of another Clinton campaign.
"Oh sure, the media will love her, but she’ll get beat up too," Paul said.
I'm not sure what to say. Just thought this was interesting.
"As of Friday morning (Oct. 17), after just two days of donations, the Wyllie for Governor Campaign Money Bomb has already raised $8,000 of its $30,000 goal. However, with time running out, the campaign needs the contributions quickly. Here is how Campaign Manager Danielle Alexandre broke down what is needed for the money bomb, and how the money will be spent towards buying advertising:
We can run 180 commercials per week for the rest of the election for $30,000!"
Welcome to the new Ebola panic. It began in the last week and it is rooted in the idea that people have become too hysterical about the spread of Ebola. I’m calling it the anti-hysteria hysteria.
The possibility of Ebola (whether real or manufactured) being used as a "false flag" op by the goons is real. "They" want more control and less resistance from the sheeple and what better way than to scare them into compliance by using a horrific disease (the invisible enemy)...