Resi

That’s the in-house slang used by real estate agents (realtors) to describe residential real estate (as opposed to commercial).  So we have this, from Britishland:

Centre Point joins growing list of empty luxury skyscrapers as developer gives up trying to sell apartments for up to £55m each after receiving too many ‘detached from reality’ low offers

I would suggest that someone trying to sell a simple apartment for £55 million is the one who’s detached from reality, but then again I’m no market expert.  Even Mr. Free Market, who is, has expressed disbelief at some of the prices being asked for places that are, in a word, overpriced even for one of the most expensive cities in the world.

Judging from some of the pictures of said places, they could best be described as “not memorable”.

(Me, I’d call them pig-ugly but that’s because I detest modern architecture and decoration.)

Not Your Money

Upset that multinational corporations use such things as legal tax havens and the law to minimize their tax burden, the Germans want to impose some sort of “international” tax on technology companies like Google and Amazon.

“We need a minumum tax rate valid globally which no state can get out of (applying),” Scholz, a social democrat in conservative Chancellor Angela Merkel’s coalition government, told the “Welt am Sonntag” weekly.
Europe is trying to devise a strategy to tax profits from the likes of Google, Amazon, Facebook, Apple and digital platforms such as YouTube and Airbnb which currently manage to keep fiscal exposure to a bare minimum.
Digital platforms “aggravate a problem which we know well from globalisation and which we are trying to counter — the shifting of profits to fiscally beneficial regions,” said Scholz.

Of course they do.  In the minds of statists and the governments they support, the State owns all capital and corporations and individuals have no right to avoid (note: not evade) paying the taxes said governments feel they are owed.

Shareholders of said corporations, however, insist on the companies’ avoidance of paying unnecessary taxes.

Mind you, I’m anything but a fan of Big Tech myself, the poxy monopolists;  but given the option between Big Tech and Big Government… no prizes for guessing my choice here.  To paraphrase Trey Parker (of South Park fame):  I hate Big Tech; but I really hate Big Government, and the foul neo-socialist European governments most of all.

Transplants

Here in the Plano area (and in Dallas generally), we’re seeing a ton of companies and their employees moving here from all over, but especially from the West Coast.  Needless to say, this influx of people from Cuidad California has created some mixed emotions here, as it has in many other states but most especially in those bordering the Golden [shower] State.  A billboard on TX 121 (which connects DFW Airport to the Plano/Frisco/McKinney area) reads:

Welcome to Texas!
Just don’t vote for all the things you fled.

And I recall seeing this bumper sticker on several cars out in the border states:

We Don’t CARE how you did things in California

This sentiment can be seen in this article, where Californian registration plates earn their owners the bird from locals in Idaho.

Here’s the thing.  If you’re a conservative moving out of California — a real conservative and not a “California conservative” like, say, Arnold Schwarzenegger — you’ll be welcomed almost everywhere you go.  If, however, you move to conservative north Texas (Trump 65%+ in 2016) and start talking shit about gun control and eco-bullshit, you’re gonna get flattened, and justifiably so,  Leave all that nonsense behind.  (I illustrate the point by how Californians would feel if a large bunch of South Africans had emigrated to San Francisco and immediately started voting for apartheid laws targeting Asians and Blacks.  And for people who think that’s a ridiculous analogy, lemme tell y’all right quick, if you’ll forgive the colloquial expression, that people round here take the Second Amendment just that seriously.)

Of course, politics is not the only issue that motivates our xenophobia of Californians.  Another is what happens when a Californian sells their piece-of-shit bungalow for millions, and drives up the real estate prices in their new location simply because real estate outside California is, relatively speaking, far cheaper than their overpriced postage-stamp-property in Sherman Oaks or Cupertino.  Here’s the map:

As locals find their home towns less and less affordable because arriving Californians (and East Coasters, to a lesser degree) have driven up the cost of real estate, it’s only natural to resent the newcomers.  (We in north Texas haven’t had that problem to the same degree because this part of the state has hitherto been underdeveloped, and we have lots of room to expand.  Nevertheless, we’re starting to see the “Californian effect” take place, where people have to move further and further out to find affordable property, which means traffic jams on otherwise-deserted country roads.)

My own experience, when selling the old Plano house a year or so ago, was not that I got a massive price increase on the place.  What I did get was a quick sale — eighteen hours after its listing, the house sold for the full asking price with no significant conditions attached.  And no, I didn’t leave money on the table;  all the “comps” (comparable properties) in the area were listed for about the same amount, and that price was nowhere close to nosebleed levels (for north Texas;  for Californians, it was a steal).

To be frank, I’m far more concerned about the political shit that Californians bring with them.  We Texans are the most hospitable and friendly folks around — but we will get cranky if you start voting for politicians like Skateboard Jesus* who want to advocate more regulations, wealth redistribution, statism and gun control.  Then watch us get ornery.


*Senatorial Democrat candidate Beto O’Rourke — and many thanks to the incomparable Iowahawk for the nickname:  it’s beyond brilliant.

Changing Times

I have often railed against the stupidity of Daylight Savings Time in the past, so you can imagine my amusement at this headline:

Britain could be banned from changing its clocks in autumn and spring after Brexit negotiators tie country to Brussels plan to end ‘daylight saving’

Note to the Brexiteers:  this is not a hill to die on.  In fact, abolition of this stupid institution is probably the only thing the EU has proposed in the past thirty years that I agree with.

Flattery, Imitation Being Sincerest Form Of

Roger Simon, that eeeevil rayciss, thinks we should Let Central America Sink.

For as long as any of us can remember, those Central American nations have been failed states teetering on the brink of civil war (or over it) or awash in corruption and gangsterism, their peoples impoverished.
Foreign aid, of which they have had plenty, hasn’t helped.  After all this time, it is likely that in these instances the reverse has been true.  Foreign aid has hurt the development of these countries, creating a dependency that impeded progress.  It also — inadvertently, one hopes and assumes — encouraged conditions that allowed the corruption and drug dealing to flourish.

The best hope for Honduras, El Salvador, Nicaragua, Guatemala and even Mexico is that they learn to fend for themselves.  In most of the cases, it could take a long time with considerable pain, but it is the only path that will succeed.  Further aid, with exceptions for emergencies, physical and medical, will only make matters worse.

Most of all, it will continue to support and deepen a dependency culture that is terrible psychologically for the recipients  The aid is not loving.  It’s self-interested on the part of the donors in a variety of ways for a variety of goals, few of them beneficial.

Now… where have I heard a similar sentiment before?

Oh, and by the way, Roger old buddy:  ixnay on the mergency-ay.  All the (good) drugs sent to Africa haven’t done diddly in terms of fixing anything;  I very much doubt that Central America would have a different outcome.